President Buhari Asks Senate To Extend Implementation Of FCT 2015 Budget

President Muhammadu Buhari has advisedd the Senate to extend the implementation of the 2015 Budget of the Federal Capital Territory Administration (FCTA) to enable the FCT pay for pending critical projects.

The plea for extension was contained in a letter he sent to the Senate today.

In the letter, Buhari said that the FCT Administration has only seven months in 2015 to implement its budget, which was signed in May of that year.

The president said that numerous projects critical to the FCT are still pending, hence the need to extend the implementation of the budget.

“In order to meet its obligation and as permissible by the constitution, the FCT appropriation needed to be extended to March 31, 2016.

“That would enable the FCTA make payments for various critical and essential ongoing projects,” he said.

Meanwhile, the Senate Committee on Banking and other Financial Institutions submitted its report on the abuse of the Treasury Single Account (TSA). [myad]