- The Senate has passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory, with ₦1.741tn dedicated to capital expenditure to transform the nation’s capital.
- Out of the total ₦2.285tn expenditure, personnel costs account for ₦165.7bn while overhead costs are pegged at ₦378.2bn, representing a development-heavy fiscal framework.
- Lawmakers, including Deputy Senate President Jibrin Barau, described the budget as “top-notch,” noting that the high ratio of capital spending reflects a strong commitment to infrastructure renewal.
The Senate on Thursday officially passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory (FCT), approving a total expenditure of ₦2.285tn.
Eko Hot Blog reports that the passage followed the presentation of a harmonized report by the Senate and House of Representatives Committees on the FCT, delivered by Senator Austin Akobundu on behalf of the committee chairman, Senator Ibrahim Bomai.
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The budget is built on a projected revenue of ₦2.385tn, signaling a focus on aggressive growth and public service delivery.
A significant highlight of the 2026 budget is the allocation of 76.19% of the total funds to capital projects.
With ₦1.741tn earmarked for infrastructure, the appropriation aims to address the urgent need for expanded road networks, healthcare facilities, and improved security surveillance in Abuja and its satellite towns.
This focus on capital growth comes at a time when the FCT is grappling with a surge in population, putting immense pressure on existing basic amenities and transportation systems.
During the plenary, the fiscal framework received widespread praise from senators.
Deputy Senate President Jibrin Barau lauded the FCT Minister for the spending plan, noting that such a high percentage of capital allocation is rare in legislative history.
Senator Abdul Ningi also commended the budget for being responsive to previous oversight observations, describing it as well-balanced.
Following the third reading, the bill is now set for transmission to the President for his final assent, marking a major step toward the next phase of Abuja’s urban renewal.
