FCTA slashes 2020 budget proposal by N10.5 billion

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The Federal Capital Territory (FCT) administration is proposing a budget of N232.9billion for Year 2020, a whopping N10.5billion lower than the N243.4billion presented in 2019.

A close look at the budget also showed similar slashes in other areas, including the capital provision of over N121.9billion (52.35percent) against N164.4billion 2019, a difference of over N43billion. Other highlights include N53.876billion (23.15 percent) personnel cost against N55.543billion under the current year; and N57.070billion (24.52 percent) for overhead costs compared with current N57.610billion, respectively.

These were part of a preview by The Guardian after the presentation of the 2020 budget proposal to the Senate Committee on FCT by the Federal Capital Territory (FCT) Minister, Muhammad Musa Bello, in Abuja.At the budget presentation, Bello told the Committee that the figures represent a
two percent and 0.93 percent fall respectively.



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113 Comments

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  • Sifon patience December 24, 2019 01:25:16 PM
    interesting
  • Akanbi Wasiu December 24, 2019 01:21:20 PM
    Nice update
  • Jeff Jacs December 24, 2019 01:07:01 PM
    Interesting
  • Alex Usman December 24, 2019 12:56:10 PM
    nice information
  • Mgbemena Ebuka Michael December 24, 2019 12:56:07 PM
    Interesting, nice update candynews
  • Gowon Patrick December 24, 2019 12:55:46 PM
    Nice update
  • adeola asoore December 24, 2019 12:32:11 PM
    Nice updated
  • Olatunbosun Adebayo December 24, 2019 12:12:51 PM
    Great update
  • Chibueze Muoka December 24, 2019 12:06:08 PM
    Nice update
  • Okafor Chukwudi December 24, 2019 11:54:47 AM
    Nice update
  • Okafor Chukwudi December 24, 2019 11:54:47 AM
    Nice update
  • Adekunle Oluwaseun Daniel December 24, 2019 11:46:53 AM
    Leave a comment nice one
  • Success Nmezi December 24, 2019 11:38:46 AM
    Nice update
  • Yoade Samuel December 24, 2019 11:27:29 AM
    Leave a comment good
  • Solomon Samuel December 24, 2019 11:14:33 AM
    Interesting
  • Olawuyi Oluwagbemiga December 24, 2019 10:55:29 AM
    Interesting
  • sylvanus okafor December 24, 2019 10:54:24 AM
    thanks for update
  • sylvanus okafor December 24, 2019 10:54:21 AM
    thanks for update
  • Abdulganeey saheed Muhammed December 24, 2019 10:44:41 AM
    Nice update news
  • Mohammed Abba ramat December 24, 2019 10:25:15 AM
    Interesting
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