Wike presents N1.1 trn FCT 2024 budget to NASS

The FCT Minister Nyesome Wike on Monday presented a 2024 statutory budget figure of one trillion, one hundred and forty-seven billion, seven hundred and eighty million, six hundred and ten thousand, two hundred and eighty-three naira N1, 147, 780, 610, 283.00 for the Territory’s total recurrent and capital expenditure as well as expected total revenue.

The budget which was presented to both Chambers of the National Assembly, came with an appeal for synergy in achieving the development of the capital city to its envisaged status of a modern city comparable to other world capitals.

The Minister at separate budget defence sessions with the Senate and House of Representatives Committee on the the FCT appraised highlights of the FCT’s 2023 Appropriation before presenting the 2024 Statutory budget proposals.

The Minister explained to the lawmakers that the FCT 2024 total budget figure comprised of Distributive and non Distributive Revenues.

Distributive Revenues, according to Wike refers to revenue items, the expenditure of which are distributed across activities of the FCT Secretariat, Departments and Agencies (SDAs), while Non-Distributive Revenue refers to inflow of funds for dedicated purposes such as servicing the China Exim Bank loan for the Abuja Light Rail Project, UBEB Counter Fund, Earnings for COVID 19, SUKUK Loan and the likes.

He said, “Accordingly the Non-Distributive revenue heads are not available for general expenditure as they are intended for specific projects” .

Sectoral highlights of the budget proposal include infrastructural sector of Roads, Districts Development and public Buildings and provision of Utilities.

Accordingly, the FCDA earmarked N457 Billion for Infrastructure development around the Federal Capital City FCC, out of which the sum of N282 Billion is for ongoing projects and N175 Billion is earmarked for critical new project.

The FCT Minister noted that the supervisory role of the Council Services Secretariat of the Area council’s on the Territory towards ensuring efficient service delivery will be further mobilized by a sum of N4, 152, 146, 290.00.

In his contribution at the budget defence exercise, chairman House of Representatives Committee Rep Mukthar Betara implored the FCT to empower the Area Council’s with funds to see to the developments in their respective domains.

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State. Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic. Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation. Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...

Valentine Ozigbo Resigns from Labour Party

In a shocking move, against all speculations over the last few days, Valentine Ozigbo, a close ally of Peter Obi, has announced his resignation from the Labour Party (LP). Ozigbo confirmed his decision to Diaspora Digital Media on Wednesday, February 19, 2025, but declined to provide further details, opting instead to share his reasons during an interactive session on X (Twitter) Space. The session, scheduled for 8 PM, will feature Ozigbo in conversation with Anambra's First Son, @uchepokoye, discussing pressing issues affecting Anambra State, including security challenges, societal fabric collapse, and the hope for a better future. Ozigbo's resignation has sparked interest, with many awaiting his detailed explanation for leaving the Labour Party. His decision comes at a critical time for the party, which has been navigating various challenges in recent months. Credit: Diaspora Digital Media

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