Legislative Journey
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First Reading13 May 2025
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Second Reading20 May 2025
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Committee Report28 May 2025Federal Capital Territory
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Third Reading28 May 2025
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Current StatusPassed
Summary & Analysis
Bill for an Act
to Authorise the issue from the Federal Capital Territory Administration’s Statutory Revenue Fund of The Federal Capital Territory Administration Account, the total sum of N1,814,073,708,392.00 (one trillion, eight hundred and fourteen billion, seventy three million, seven hundred and eight thousand, three hundred and ninety two Naira) only, of which the sum of N150,353,906,168.00 (one hundred and fifty billion, three hundred and fifty three million, nine hundred and six thousand, one hundred and sixty eight Naira) only, is for Personnel Costs; and the sum of N352,029,677,448.00 (three hundred and fifty two billion, twenty nine million, six hundred and seventy seven thousand, four hundred and forty eight Naira) only, is for Overhead Costs; while the balance of N1,311,690,124,776.00 (one trillion, three hundred and eleven billion, six hundred and ninety million, one hundred and twenty four thousand, seven hundred and seventy six Naira) only, is for Capital Projects for the service of the Federal Capital Territory, Abuja, for the financial Year commencing 1 January and ending 31 December, 2025
to Authorise the issue from the Federal Capital Territory Administration’s Statutory Revenue Fund of The Federal Capital Territory Administration Account, the total sum of N1,814,073,708,392.00 (one trillion, eight hundred and fourteen billion, seventy three million, seven hundred and eight thousand, three hundred and ninety two Naira) only, of which the sum of N150,353,906,168.00 (one hundred and fifty billion, three hundred and fifty three million, nine hundred and six thousand, one hundred and sixty eight Naira) only, is for Personnel Costs; and the sum of N352,029,677,448.00 (three hundred and fifty two billion, twenty nine million, six hundred and seventy seven thousand, four hundred and forty eight Naira) only, is for Overhead Costs; while the balance of N1,311,690,124,776.00 (one trillion, three hundred and eleven billion, six hundred and ninety million, one hundred and twenty four thousand, seven hundred and seventy six Naira) only, is for Capital Projects for the service of the Federal Capital Territory, Abuja, for the financial Year commencing 1 January and ending 31 December, 2025