Senate Passes ₦2.2tn FCT 2026 Budget, Allocates ₦1.7tn to Capital Projects
Abuja – The Nigerian Senate on Thursday passed the 2026 Appropriation Bill for the Federal Capital Territory (FCT), approving a total budget of ₦2.2 trillion with a significant emphasis on infrastructure and development projects.
The approved budget earmarks about ₦1.7 trillion, representing 76 per cent of the total allocation, for capital expenditure, while the remaining amount will cater for recurrent spending and other statutory obligations.
The appropriation bill scaled third reading during plenary after the Senate considered and adopted the report of the Senate Committee on the FCT on the 2026 FCT Appropriation Bill.
Lawmakers described the budget as a strategic financial framework aimed at accelerating infrastructural development, improving public services, and addressing the growing needs of residents of the nation’s capital.
Chairman of the Senate Committee on the FCT, while presenting the report, noted that the budget prioritises ongoing and new capital projects across critical sectors including roads, health, education, transportation, and urban development.
Despite the broad support the bill enjoyed on the floor of the Senate, some senators expressed reservations over the revenue projections and funding assumptions contained in the budget framework.
The lawmakers cautioned that the success of the budget would largely depend on the Federal Capital Territory Administration’s ability to generate the projected revenues and ensure prudent implementation.
Some senators also stressed the need for transparency, accountability, and effective monitoring of projects to guarantee value for money and timely completion of developmental initiatives.
Following deliberations, the Senate passed the bill through third reading, paving the way for its implementation in the 2026 fiscal year.
Observers say the heavy allocation to capital expenditure reflects the administration’s commitment to expanding infrastructure and improving living conditions within the Federal Capital Territory.
