Reps Pass NCC N553.7bn Budget

The President Muhammadu Buhari has transmitted to the House of Representatives, the proposed budget of the Federal Capital Territory for 2023.

It also adopted the report of its Committee on Telecommunications on the budget of the Nigerian Communications Commission (NCC) for 2023.

Deputy Speaker of the House, Ahmed Wase, who presided over the plenary on Tuesday, read out Buhari’s cover letter on the appropriation bill to members.

The letter was titled, ‘Transmission of the FCT 2023 statutory budget proposal.’

It read, “Pursuant to Section 121 of Constitution of the Federal Republic of Nigeria1999 (as amended), I forward, herewith, the Federal Capital Territory’s 2023 statutory budget proposal for the kind consideration of the House of Representatives.

“In the preparation of the Federal Capital Territory’s 2023 statutory budget proposal, the Federal Capital Territory Administration aligns with the Federal Government’s laudable fiscal development policies.

“Accordingly, the FCT 2023 budget proposal prioritises improvement in health care services, job creations, youth empowerment, social welfare services, education and increased productivity in agriculture, in order to lift significant numbers of our citizens out of poverty.

“While hoping that this submission will receive the usual expeditious consideration of the House, please accept, Right Honourable Speaker, the assurances of my highest consideration.”

Also, in another report represented titled, ‘Report of the Committee on Telecommunications on the issue from the Statutory Revenue Fund of the Nigerian Communications Commission’, the total sum of N553.72bn only, of which the sum of N72.13bn only is for recurrent expenditure, while N4.06bn only is for capital expenditure;

“The sum of N23.81bn only is for special project, while the sum of N10bn only is for transfer to the Universal Service Provision Fund; N443. 6bn only will be transferred to the Federal Government of Nigeria, and the sum of N16bn only is for the budget of the Universal Service Provision Fund for the period ending 31 December, 2023.”