Senator Akobundu Presents FCT 2026 Budget Proposal of N2.285 Trillion, Receives Senate Approval

The Senate on Thursday approved the N2.285 trillion 2026 budget for the Federal Capital Territory Administration (FCTA), Abuja.

The approval followed the adoption of the harmonised report of the Senate and House of Representatives Committees on the FCT during plenary.

In the report presented by the Vice Chairman of the committee, Senator Austin Akobundu (Abia Central), a total of N1.741 trillion, representing 76 per cent of the entire budget estimate, is earmarked for capital expenditure. At the same time, N165.7 billion is allocated to personnel expenditure, and N378.231 billion to overhead costs.

According to Akobundu, the N1.741 trillion earmarked for capital expenditure in the proposed budget represents 76.1 per cent of the total budget estimate. In comparison, the combined personnel and overhead costs of N544.6 billion represent 23 per cent of the budget.

The budget proposal, he added, focuses mainly on infrastructure development in the FCT and the provision of required utilities and facilities for residents across the six Area Councils.

Impressed by the proposal, the majority of senators who debated it urged the Senate to grant it expeditious passage.

The Senate, however, after the passage of the appropriation bill for third reading, requested the projected revenue profile for the fiscal year from the FCTA.