BY NKECHI NAECHE-ESEZOBOR—The Senate has approved the 2026 Federal Capital Territory (FCT) budget of ₦2.2 trillion, allocating approximately ₦1.7 trillion, representing 76 per cent of the total expenditure, to infrastructural and developmental projects.
The budget proposal passed its third reading during Thursday’s plenary after lawmakers reviewed and adopted the report of the Senate Committee on the FCT concerning the 2026 Appropriation Bill.
While the proposal enjoyed overwhelming backing from senators, a number of legislators expressed reservations over the revenue assumptions driving the budget.
They maintained that disclosing detailed revenue projections would promote openness and strengthen fiscal responsibility in the administration of public resources.
Commenting on the debate, the Senate President echoed the lawmakers’ position, stressing the need for transparency and proper oversight in the execution of the budget.
