The Nigerian Senate has officially greenlit the 2026 budget for the Federal Capital Territory (FCT), setting total spending at N2.285 trillion. This approval, which took place on Thursday, allocates funds for both administrative operations and developmental projects within the capital city.
The decision followed a detailed review of a harmonized report from a joint committee of the Senate and House of Representatives, presented during a plenary session in Abuja. Senator Austin Akobundu, Vice Chairman of the Senate Committee on FCT, delivered the report on behalf of Chairman Ibrahim Bomai.
According to the report, the budget is based on projected revenues of N2.385 trillion. The approved expenditure includes N165.7 billion for personnel costs, N378.2 billion for overheads, and a substantial N1.741 trillion dedicated to capital projects. This breakdown means that 76.19% of the total budget is earmarked for capital expenditure, while recurrent costs account for 23.8%.
The committee highlighted that the budget aligns with constitutional requirements and was shaped after extensive consultations with officials from the FCT Administration. Key lawmakers praised the budget as balanced and growth-focused, emphasizing its potential to boost infrastructure and security in Abuja and its satellite towns.
Deputy Senate President Barau Jibrin lauded the budget as exceptional, noting that N1.7 trillion of the over N2 trillion total is directed at capital investments. He commended the FCT minister for this achievement. Senator Abdul Ningi also described the budget as well-structured, addressing previous concerns raised by the Senate Committee on the FCT.