The Federal Capital Territory Administration (FCTA) , had presented to the Senate, N299.9billion revenue projection for the 2021 fiscal year .
Making the presentation to the Senate Committee on FCT on Tuesday, the Minister of the Federal Capital Territory, Muhammad Bello , said that N215.9 billion out of the amount , would be classified as distributable revenue, while N84 billion would be the non distributable revenue.
He added that 54.6 per cent of the entire budget, is proposed for capital expenditure, while the balance of 45.4% comprising of the personnel and overhead costs , is for recurrent expenditure .
According to him, when compared with the 2020 budget ,there is an increase of N101 billion representing 34 percent .
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The increase he explained, would be achieved through an aggressive revenue drive, geared towards achieving target results and goals .
He however told the committee, that given the Expanded Accelerated Area Council Title Re-issuance scheme, designed to revolutionise the land Administration, the FCTA administration might be compelled to return back to Senate for suplementay budget.
The Chairman of the Committee, Senator Abubakar Kyari (APC Borno North), in his earlier remarks ,
said that the meeting was to deliberate on the provisions of the 2021 budget and the performance of 2020 budget, to sustain Federal Government policy of running the budget from January to December.
“The committee according to him , would remain steadfast in the task of conducting oversight, to foster quality service delivery to the residents of the FCT.
Full implementation of the budget , he stressed, would be ensured through oversights from time to time .
This he added , will help in complementing the efforts of the Minister, in the fight against corruption and any adminstrative anomalies such as misapplication of funds.
(Edited by Tunde Orebiyi)
