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Nigerian Senate Passes ₦1.81tn 2025 FCT Statutory Budget

Kehinde Giwa by Kehinde Giwa
May 28, 2025
in Business
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Nigerian Senate Passes ₦1.81tn 2025 FCT Statutory Budget
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The Senate has passed the 2025 FCT Statutory Appropriation Bill, authorizing a total expenditure of ₦1.81 trillion for the Federal Capital Territory for the 2025 fiscal year.

The budget will be sourced from projected revenues for the year and comprises personnel costs (₦150.35 billion), overhead costs (₦352.03 billion), and capital expenditure (₦1.31 trillion).

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With capital projects taking the largest share of the budget, the spending plan aims to drive infrastructural development, improve service delivery, and address the growing needs of Abuja residents.

FCT Minister Nyesom Wike had expressed concerns over worsening security and healthcare challenges in the FCT, calling for urgent and coordinated national intervention.

He emphasized the critical role of Abuja as the seat of power and a diplomatic hub, requiring a unique and strategic security framework.

In the healthcare sector, Wike highlighted recent acquisitions of modern diagnostic equipment aimed at enhancing public health services throughout the FCT.

The budget formulation followed extensive consultations between the Minister and key officials of the Federal Capital Territory Administration (FCTA) and the National Assembly.

With a focus on improving access to quality medical care and addressing security challenges, the ₦1.81 trillion budget is expected to have a significant impact on the development of Abuja and its satellite towns.

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