Minister of the Federal Capital Territory, FCT, Nyesom Wike has presented a N61,553,778,259 billion 2023 statutory supplementary budget proposal for the FCT before the Senate and House of Representatives Committees of the National Assembly.
The FCT Minister disclosed that the supplementary budget is to accommodate additional cash inflows to the FCT to ensure the completion of prioritized projects and programmes of the administration.
He made the presentation before the Senate and House of Representatives Committees in Abuja on Wednesday.
The minister explained that the additional cash inflows comprise of receipts of N25.8 billion Paris Club Refund, N28.6 PAYE Tax liabilities from federal agencies, N5 billion Special intervention funds (palliatives) from the Federal Government, Internally Generated Revenue (IGR) of N9.4 billion and N5 billion Infrastructure Support Fund.
Of the N61.55 billion proposed sum, N12.9 billion is for overhead costs, while N48.6 billion is earmarked for capital expenditure.
Some of the capital projects that will benefit from the supplementary budget include the resurfacing of existing roads and remedial works phase I and II, completion of roads B6, B12 & Circle Road in the Abuja Central Area, Full Scope Development of Arterial Road N20 from Northern Parkway to Outer Northern Expressway (ONEX) and Construction of Southern Parkway from Christian Centre (S8/9) to Ring Road I (RRI).
Other projects encompass the provision of Engineering Infrastructure to Wuye District, Access Road to Kabusa Garden Estate, Mass Transit Buses/Rehabilitation of existing and Serviceable, Rehabilitation of National Mosque and National Christian Centre, Design and Construction of the Vice President’s residence, among others.
The minister equally disclosed that virtually all the contractors working for the FCT Administration had left the project sites prior to the coming of the current FCT Administration due to the non-payment of contractual obligations by the FCTA.
