President Bola Tinubu has officially presented the 2025 statutory budget for the Federal Capital Territory (FCT) to the National Assembly, with a total proposal of ₦1,783,823,708,309.
The budget, which was laid before the lawmakers on Tuesday, was read on the floor of the House of Representatives by Speaker Abbas Tajudeen in line with Section 299 of the 1999 Constitution, which vests legislative authority over the FCT in the National Assembly.
In his letter to the National Assembly, President Tinubu outlined the key focus areas of the budget, which will prioritize investments in health, job creation, social welfare, and agricultural production.
The President, in the letter to the lawmakers also emphasized the government’s commitment to capital development within the territory, with a focus on improving infrastructure and public services.
A significant portion of the budget will be allocated to completing ongoing projects. According to President Tinubu, 85 percent of the capital component will be dedicated to these unfinished projects, while the remaining 15 percent will fund new initiatives.
The President appealed to the lawmakers to expedite the consideration and passage of the budget, stressing its importance in driving the development of the FCT and ensuring the effective delivery of services to residents.