Nigerian Senate Approves N2.285 Trillion FCT 2026 Budget

Nigeria's Senate passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory on Thursday, approving a total expenditure of N2.285 trillion for the administration and development of Abuja and its satellite towns.

The approval came during plenary in Abuja after lawmakers considered a harmonized report from the Senate and House of Representatives Committees on the Federal Capital Territory. Austin Akobundu, vice chairman of the Senate committee, presented the report on behalf of Chairman Ibrahim Bomai. The committees recommended the N2.285 trillion figure based on projected revenue of N2.385 trillion.

Akobundu detailed the breakdown: N165.7 billion for personnel costs, N378.2 billion for overhead expenditure and N1.741 trillion for capital projects. Capital spending accounts for 76.19 percent of the total, while recurrent expenditure makes up 23.8 percent. He said the budget complies with constitutional provisions following extensive consultations with the Federal Capital Territory Administration minister and other officials.

Lawmakers described the proposal as balanced and development-focused, poised to boost infrastructure growth and security in Abuja and...