The Senate of Nigeria on Wednesday approved the second reading of the Federal Capital Territory Administration 2026 Appropriation Bill, authorizing the issuance of N2.2 trillion from the FCT statutory revenue fund.
The bill presented by Senate Leader Opeyemi Bamidele (APC Ekiti Central) provides funding for the operations and developmental programs of the FCT for the 2026 fiscal year. Of the total budget, N165.8 billion is allocated for personnel costs, N378.2 billion for overheads, and N1.657 trillion for capital projects.
Bamidele highlighted Abuja’s unique role as the nation’s capital, noting that the budget aims to enhance infrastructure, social services, public utilities, health facilities, educational institutions, and transportation networks to improve the quality of life for residents and visitors.
The bill also requires monthly and quarterly reports to the National Assembly to ensure transparency and value for money in the execution of projects.
Deputy Senate President Barau Jibrin (APC Kano North) praised the N1.6 trillion allocation for capital projects, while Senate President Godswill Akpabio commended FCT Minister Nyesom Wike and President Bola Tinubu for their commitment to the development of the city.
The bill has been referred to the Senate Committee on the Federal Capital Territory and Area Councils for further review before returning to plenary in one week.
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