A Bill for an Act to Authorise the Issue from the Federal Capital Territory Administration's Statutory Revenue Fund of the Federal Capital Territory Administration Account, the Total Sum of =N=1,783,823,708,392.00 (One Trillion, Seven Hundred and Eighty Three Billion, Eight Hundred and Twenty Three Million, Seven Hundred and Eight Thousand, Three Hundred and Ninety Two Naira) Only, of which the Sum of =N=150,353, 906, 168.00 (One Hundred and Fifty Billion, Three Hundred and Fifty Three Million, Nine Hundred and Six Thousand, One Hundred and Sixty Eight Naira) Only, is for Personnel Costs; and the Sum of =N=343,779,677,448.00 (Three Hundred and Forty Three Billion, Seven Hundred and Seventy Nine Million, Six Hundred and Seventy Seven Thousand, Four Hundred and Forty Eight Naira) Only, is for Overhead Costs; While the Balance of =N=1,289,690,124,776,00 (One Trillion, Two Hundred and Eighty Nine Billion, Six Hundred and Ninety Million, One Hundred and Twenty Four Thousand, Seven Hundred and Seventy Six Naira) Only, is for Capital Projects; for the Service of the Federal Capital Territory, Abuja, for the Financial Year Commencing from 1st January and Ending on 31st December, 2025

Abstract

This Bill seeks to provide the issuing out of the Statutory Revenue Fund of the Federal Capital Territory, the sum of N1,783,823,708,392.00 only, out of which N150,353,906,168.00 is for Personnel Costs and N343,779,677,448.00 is for Overhead Costs while the balance of N1,289,690,124,776.00 is for Capital Expenditure.