President Bola Ahmed Tinubu has submitted an additional Supplementary Budget Proposal for the 2024 Statutory Appropriation of the Federal Capital Territory Administration (FCTA) to the House of Representatives for approval.
In a letter dated September 19, 2024, Tinubu explained that the request aligns with Section 121 of the Nigerian Constitution and is based on the FCTA’s updated revenue and expenditure forecasts.
The proposal supports the fiscal and developmental goals of the federal government and the Renewed Hope Agenda.
The letter, which did not specify the amount requested, was read by Speaker Tajudeen Abbas during Tuesday’s plenary session.
It reads: “I write in accordance with the provisions of Section 121 of the Constitution of the Federal Republic of Nigeria, to forward herewith an additional Supplementary Budget Proposal for the FCTA for consideration and passage by the House of the Representatives.
“This Supplementary Budget Proposal has been prepared on the basis of the FCTA’S reviewed revenue and expenditure forecasts and is aligned with the fiscal and developmental policies of the Federal Government and the Renewed Hope Agenda.
“With it, the FCTA continues to prioritise the improvement of human capital and infrastructure within the Federal Capital Territory.
“While I trust that the House of Representatives will in their usual expeditious manner consider and approve the 2024 Supplementary Budget Proposal of the FCTA, please accept, Rt. Honourable Speaker, the assurances of my highest consideration and regards.
“This was the only legislative activity carried out by the House as it adjourned proceedings to Wednesday in honour of Senator Ifeanyi Ubah who died when the National Assembly was on recess.”
