Africazine:
The Senate has approved a significant budget for the Federal Capital Territory, aiming to enhance Abuja’s infrastructure and security.
The 2026 Statutory Appropriation Bill was passed with a total expenditure of N2.285 trillion. This budget is based on a projected revenue of N2.385 trillion, with substantial allocations for personnel costs, overhead expenditure, and capital projects.
Senate Approves N2.285 Trillion Budget for Abuja
The Senate’s approval of the 2026 Statutory Appropriation Bill marks a pivotal moment for the Federal Capital Territory. The budget allocates N1.741 trillion specifically for capital projects, which constitutes 76.19 percent of the total budget. This focus on capital expenditure aims to drive infrastructure development across Abuja and its surrounding areas.
Senator Austin Akobundu presented the harmonised report, emphasizing the extensive consultations held with officials from the Federal Capital Territory Administration. The collaborative approach ensured that the budget proposal met constitutional requirements and addressed the needs of the territory.
Nigeria: Key figures on the 2026 Statutory Appropriation Bill
- N2.285 trillion total expenditure
- N2.385 trillion projected revenue
- N165.7 billion earmarked for personnel costs
- N378.2 billion for overhead expenditure
- N1.741 trillion allocated to capital projects
- 76.19 percent dedicated to capital expenditure
- 23.8 percent for recurrent spending
Lawmakers Praise Development-Focused Budget
Lawmakers have expressed strong support for the budget, highlighting its potential to accelerate infrastructure expansion and improve security in the region. Deputy Senate President Barau Jibrin described the budget as “top-notch,” reflecting a commitment to the development of the Federal Capital Territory.
Senator Abdul Ningi also praised the proposal, noting its well-structured and balanced nature. He emphasized that the budget addresses concerns raised during earlier committee discussions, showcasing a thorough approach to fiscal planning.
Next Steps for Implementation
- Implementation of capital projects across Abuja
- Monitoring of budget execution by relevant committees
- Engagement with Federal Capital Territory Administration officials
The approved budget signals a strong commitment to developing Abuja's infrastructure and enhancing security.
