Mon. Feb 17th, 2020

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President Buhari Signs N243bn Budget For FCT

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President Muhammadu Buhari has signed the Federal Capital Territory appropriation bill 2019 of 243.37 billion Naira into law.

Senator Ita Enang, the President’s Senior Special Adviser on National Assembly matters (Senate) made this known on Friday in Abuja.

The senator told the correspondent at the statehouse that 130.7 billion Naira of the amount is slated for capital expenditure while the remaining balance is for recurrent expenditure.

He said, “This amount is from the Statutory Revenue Allocation due to the Federal Capital Territory.

“This is in addition to the budgetary provision of N23,023,593,146 for capital expenditure made in the 2019 Budget earlier assented to by Mr President on May 27, 2019.’’
He further said the President approved the bill for the creation of two federal Polytechnic in Nigeria.

He said the bills were signed “as part of his (President Buhari’s) desire to improve and expand admission opportunities for children in tertiary institutions in the country.”

He named the two polytechnics as the Federal Polytechnic, Kaltungo, Gombe State, and the Federal Polytechnic, Daura, Katsina State.

Enang added that “The law establishing the named polytechnics is standard with laws establishing other federal polytechnics in Nigeria’’.

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