Reps Passes 2024 FCT N98.5 Billion Supplementary Budget

The House of Representatives has passed the 2024 supplementary bill of N98.5 billion for the Federal Capital Territory Administration (FCTA).
Chairman of the House Committee on Federal Capital Territory, Aliyu Mukhtari Betara (APC, Borno) presented the report of the committee to the House today, June 6, for consideration.
He asked the House to consider the Report of the Committee on Federal Capital Territory on a Bill for an Act to Authorize the issue from the Federal Capital Territory Administration’s Statutory Revenue Fund of the Federal Capital Territory Administration account, the total sum of N98,500,000,000 only for Capital Projects; for the Service of the Federal Capital Territory, Abuja, for the financial year ending December 31, 2024.
Aliyu Mukhtari Betara said that the Committee scrutinized the presentation by the President and arrived at the conclusion that the money is needed to develop certain infrastructure in the federal capital.
Provisions of the supplementary appropriation state: “the Director of Treasury of the Federal Capital Territory Administration shall, when authorized to do so by warrants signed by the Minister of Federal Capital Territory Administration with responsibility to pay out of the Federal Capital Territory Administration Statutory Revenue Fund of the Federal Capital Territory Administration during the financial year 2024 the sum specified by the warrants, not exceeding in the aggregate N61,553,778,260.00 (sixty-one trillion, five hundred and fifty-three million, seven and seventy-eight thousand, two hundred and sixty naira) only.
“The amount mentioned in Section (1) of this Section shall be appropriated to heads of expenditure as indicated in the schedule to this Bill.”
On the release of funds, it states: “all amounts appropriated under this Bill shall be made from the Federal Capital Territory Administration Statutory Revenue Fund only for the purposes specified in the schedule to this Bill.
”All revenues accruing to the Federal Capital Territory Administration, including the Statutory Revenue Distribution, shall be paid into the Federal Capital Territory Administration’s Statutory Revenue Account.
“No money shall be withdrawn from the account mentioned in Section 3(1) above without appropriation by the National Assembly.”
It grants a waiver to the Ministers, saying: “Where, due to a revenue shortfall, amounts appropriated under this Bill cannot be funded, the Minister of Federal Capital Territory shall seek from the National Assembly a waiver not to incur such expenditure.”
The submission by the committee was unanimously adopted by the whole House.
President Bola Ahmed Tinubu had recently presented the supplementary appropriation bill to the National Assembly for consideration, saying that the money was meant to take care of critical infrastructure.




The statement quoted the Commander as having commended officers and men of the Lagos state Command of NDLEA, for the succeful operation.



Organized Labour’s Strike Not National Strike But National Attack, By Reno Omokri
This is not a National Strike. This is a National Attack by the most politically exposed and partisan NLC President ever.
Do you know how many premature babies will die today because Joe Ajaero and his NLC shut down the National Grid? How many hospital emergency patients will perish?
Ajaero is in cahoots with Peter Obi. And this is about 2027. Which country have you heard of where they shut down the National Grid as part of a strike? If there is a fire or emergency somewhere, what do we do? Nigerians ought to stand up against Joe Ajaero. He is taking the country down with him!
How does shutting down the National Grid and putting Nigerians in darkness help the economy or workers? Aso Rock has generators. So does the National Assembly. Even Joe Ajaero has generators and is enjoying air conditioning. It is you that heat is finishing in your house. Meanwhile, factories cannot produce, and the economy is contracting.
What you may not understand is that Federal civil servants are less than 0.3% of the population. If the NLC insists on an unreasonable ₦494,000 a month minimum wage, all that the FG will do is go on a massive sacking spree.
The people who will suffer are the private sector, who employ more than 65% of Nigeria’s workers. Obviously, they will not be able to pay ₦494,000 a month and run their businesses profitably. So, they will increase prices for those not working and sack their workers, increasing unemployment.
The NLC under Joe Ajaero knows that. They do not care. As long as they can sabotage the government and our economy to make Peter Obi look good, they will do it. It is all about 2027. It is not about you!