Nigeria Approves N2.3 Trillion FCT Budget for 2026, Prioritizing Infrastructure and Development
Abuja, Nigeria – The Nigerian House of Representatives has approved a N2.285 trillion budget for the Federal Capital Territory (FCT) for the 2026 fiscal year, marking a major step in funding infrastructure, healthcare, and social welfare projects in the capital.
The budget, transmitted by President Bola Tinubu in March, received legislative clearance after the House Committee on FCT, led by Chairman Muktar Betara (APC, Borno), presented its report during Thursday’s plenary session.
Key Allocations in the 2026 FCT Budget
The approved budget breaks down into three major components:
- N165.7 billion for personnel costs
- N378.2 billion for overhead expenses
- N1.741 trillion (the largest share) for capital projects
This allocation underscores the government’s focus on infrastructure development, including roads, public utilities, and housing projects across Abuja.
Why the FCT Budget Requires National Assembly Approval
Unlike Nigeria’s 36 states, which handle their budgets independently, the FCT is administered directly by the federal government. As a result, its budget must be reviewed and approved by the National Assembly before implementation.
President Tinubu emphasized that the budget aligns with Nigeria’s 2025-2028 Economic Recovery and Growth Plan, prioritizing:
- Healthcare improvements
- Job creation
- Education enhancements
- Agricultural productivity
Next Steps for Implementation
With the House of Representatives’ approval, the budget now moves toward final implementation. The funds are expected to drive major developmental projects in Abuja, reinforcing its status as Nigeria’s administrative and economic hub.
Observers note that the N1.741 trillion capital expenditure could significantly boost construction, transportation, and public service delivery in the FCT if properly managed.
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— Reported by Nexio News
