The proposal is about 34 per cent higher than the 2020 budget allocated to the territory.
Officials of the FCTA made the presentation on Tuesday when they appeared before the Senate Committee on FCT.He informed the panel that of the total proposal, N215.9 billion, would be classified as “distributable revenue” while N84 billion would be the non distributable revenue. He also said 54.6 per cent of the entire budget is proposed for capital expenditure while the other 45.4 per cent which comprises personnel and overhead costs, is for recurrent expenditure.The current proposal when compared to the agency’s 2020 budget has an increase of N101 billion translating to 34 per cent.
The increase, Mr Bello said, will be achieved “through aggressive revenue drive geared towards achieving target results and goals”. He informed the panel that given the Expanded Accelerated Area Council Title Re-issuance scheme designed to revolutionise the land administration, the
It’s not enough. They should’ve picked a round figure like 500 billion. If they intend to do something, they should do it well.
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