FCTA Presents ₦45b Budget For Capital Projects.

06 November 2020 By Remi Johnson

The Federal Capital Territory Administration is to spend the sum of Forty Five Billion, Five Hundred and Twenty Seven Million, One Hundred and Eighteen Thousand Three Hundred and Thirty Eight Naira for its 2021 National Priority Capital Projects.

This was disclosed by the FCT Minister, Malam Muhammad Musa Bello when he presented the FCT 2021 National Capital Budget to the Senate Committee on Thursday November 5th 2020 at the National Assembly in Abuja.

According to the Minister, this figure is contained in the 2021 Appropriation Bill presented by Mr President to the National Assembly on the 8th of October 2020.

The Minister said that this allocation is to sustain the implementation of critical projects both in the Federal Capital City and the Satellite Towns.

Malam Bello also presented a list of 28 proposed priority projects to be funded from this budgetary proposal which he said is intended for the completion of on-going projects.

The minister further noted that the entire projects in the 2021 budgets are for on-going projects.

Some of the projects to be funded from this budget proposal amongst others include the construction of the Southern Parkway from the Christian Center to Ring Road One, Rehabilitation and Expansion of the Outer Northern Expressway Project Lot II (Kubwa Road from the Federal Civil Service College to the Villa Roundabout), Rehabilitation of and Expansion of the Airport Expressway (project Lot I) and the completion of the International Vocational Institute Utako and four comprehensive Science and Technical Colleges in Abaji, Gwagwalada, Kuje and Karshi.

Others include provision of Engineering Infrastructure to Bwari Area Council, Rehabilitation of the National Assembly complex, design and construction of the Nigeria Cultural Center and Millennium Tower, and development of the Idu Industrial Area Engineering Infrastructure.

The Minister also hinted that the Administration was working on a number of hybrid financing options to complete the millennium Tower project.

This, Malam Bello assured would speed up the commencement of commercial activities at the national monument.

Speaking on the 2020 budget, the FCT Minister said its performance was affected by the outbreak of the COVID-19 Pandemic.

He revealed that the pandemic necessitated the downward review of the initial allocation of N62,407,154,360.00 to N29,657,154,360.00. Of this sum, he said that N15,000,000,000.00 representing 51% has so far been released.

Speaking earlier, the Chairman of the Senate Committee on the FCT, Senator Abubakar Kyari lamented the fact that the annual budgetary allocation to the FCT has continue to dwindle over the years.

He promised the Committee’s readiness to be transparent fair, courageous and always be guided by the dictates of the constitution and rules of parliamentary convention in the discharged of their duties.

On the entourage of the FCT Minister to the national assembly were the Permanent Secretary, Mr Olusade Adesola, the Executive Secretary FCDA, Engr Umar Gambo Jibrin and other senior staff of FCTA.

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