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Senate extends implementation of N144bn FCT capital budget to March 31


Buhari 2016 budget presentationThe Senate on Tuesday approved a request from President Muhammadu Buhari for the extension of the implementation of the N114 billion FCT capital budget to March 31.

The Senate acceded to the request of the president and gave the bill accelerated hearing as it was considered for second reading, third reading and passed.

However, in his remark, the President of the Senate, Dr Bukola Saraki, directed the Conference Committee of the Senate to harmonise its figures with the House of Representatives.

Earlier, while presenting the bill for second reading, the Leader of the Senate, Sen. Ali Ndume, noted that the 2015 FCT budget was approved on May 28, 2015, allowing only seven months for its implementation.

He said that in order to meet the obligations of the FCT and as requested by the president, the Senate should give accelerated passage to the request for extension.

He said that in view of the seven months period, the FCT budget implementation only stood at 40 per cent, hence the need for the extension.

The News Agency of Nigeria (NAN) recalls that Buhari on Feb. 23 requested the Senate to extend the implementation of the budget to March 31.

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