The planned N1.15 trillion (FCT) Statutory Budget for 2024, according to Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, was created with the intention of transforming both rural communities and the nation’s capital.
When Wike arrived in Abuja on Monday to defend the proposed statutory budget, he said as much before the Senate and House Committees on the Federal Capital Territory.
He explained that out of the N1.15 trillion, N421.44 billion was earmarked as recurrent expenditure, representing 36.7 percent, while N726.3 billion was set aside for capital expenditure, representing 63.3 percent.
He also explained that the proposed capital expenditure would be dedicated to the development of infrastructure, with an emphasis on the completion of ongoing projects.
Wike added that out of the N726.3 billion proposed capital expenditure, N80 billion was allocated for SUKUK loan projects, while N29 billion was earmarked for the Abuja Light Rail project.
The minister also said that N500 billion was for commercial loans for the completion of some ongoing capital projects in the federal capital city and satellite towns.
He said that the balance of N117.3 billion was dedicated to the completion of ongoing capital projects and other counterpart-funded related projects aimed at enhancing socio-economic activities in the FCT.
Wike said that the Federal Capital Development Authority (FCDA) and Satellite Towns Development Department (STDD) got the larger chunk of the capital budget.
He said that FCDA got N457 billion, STDD got N116 billion, and other Secretariats, Departments, and Agencies (SDAs) got N153.3 billion.
This, according to him, is to address critical areas like ongoing road construction, the completion of water treatment plants and related facilities, and a few new projects.
He explained that the N457 billion allocated to FCDA was for the provision of infrastructure within and around the capital city, of which N282 billion was for ongoing projects and N175 billion was for new critical projects.
“Some of the critical projects to be executed by the FCT Administration in the 2024 statutory budget proposal are the completion of Roads B6 and B12 and the construction of an access road and car park for Abuja Light Rail.
“Full scope development of Arterial Road N20 from Northern Parkway to Outer Northern Expressway (ONEX), provision of engineering infrastructure to Guzape, and provision of engineering infrastructure to Wuye District.
“There is also the extension of the Inner Southern Expressway (ISEX) from Southern Parkway (S8/S9) to Ring Road II (RRII) and the full-scope development of FCT Highway 105 (Kuje Road) from Airport Expressway to OSEX with Spur at Kyami District.
“Construction of the Northern Parkway from Ring Road II to Ring Road III (6.2 km), full-scope development of N5 and N20, and provision of engineering district infrastructure to Asokoro Island Layout in the FCT.
“The sum of N198.5 billion is earmarked for the above eight major roads to speed up their completion before the end of the 2024 fiscal year.
“The expansion and rehabilitation of these roads will eventually reduce the travel time and traffic gridlock on our roads within and outside the city,” he said.
The minister added that the transportation sector got N69 billion, of which N32 billion was for the construction of bus terminals at Kugbo, Jahi, and the Central Business District.
He said that N80.3 billion was proposed for the education sector, while the health sector got N45.7 billion.
“The health budget seeks to complete the construction of hospitals in Gwagwalada, Gwarimpa, and Utako districts to enhance the capacity of some of our hospitals through the procurement of modern ambulances for eight FCTA hospitals,” he said.
Wike also said that a total of N7.9 billion was proposed for the FCT Agriculture and Rural Development sector to improve agricultural production and the engagement of youths in agriculture.
This, the minister said, would enhance food security, income, and better standards of living in rural communities.
“We shall invest in the provision of agricultural inputs such as improved seeds, agrochemicals, and fertiliser, among others.
“We shall also develop cluster farm centres in both the livestock and crop production sub-sectors,” he added.
Wike equally said that N5 billion was allocated to the Social Development Secretariat for the promotion of gender, youth, child development, and other vulnerable groups in the FCT.
“It will also be used for the promotion and preservation of Nigeria’s art and culture within the FCT, including the development of sports through the provision of sporting, cultural, and recreational facilities,” he said.
Wike also said that the Legal Services Secretariat got N5.6 billion for providing legal services, while N1.2 billion was earmarked for the Abuja Geographic Information System.
The minister further said that a sum of N4.2 billion was proposed for the Area Council Services Secretariat to ensure effective and efficient service delivery for rural transformation and improve the quality of lives of citizens.
“The secretariat is also expected to strengthen the traditional institutions as effective tools for mobilisation of people at the grassroots to achieve the developmental goals of the FCT Administration,” he said.
Earlier, the Chairman of the of the Senate and House Committees on FCT, Ibrahim Bomai and Muktar Betara, respectively, who commended the minister for the development stride in the FCT, assured him of the full support of the National Assembly. (NAN)
