Home NEWS Buhari Signs FCT Budget Of N243 Billion For 2019, Okays 2 Polytechnics

Buhari Signs FCT Budget Of N243 Billion For 2019, Okays 2 Polytechnics

President Muhammadu Buhari hasassented to the Federal Capital Territory (FCT) Appropriation Act, 2019 in the sum of N243, 374,511.077, even as he also signed into law, the establishment of two polytechnics, one in Gombe and another in Katsina State.

Speaking to news men today, July shortly after the Presidential assent to the bills, the Presidential Liaison to the National Assembly (Senate),  Senator (Dr.) Ita Enang said that out of the FCT’s budget of N243, 374,511.077, the sum of N130.7 billion is for capital expenditure while the balance is for recurrent.

Senator Enang said that this amount is from the Statutory Revenue Allocation due to the Federal Capital Territory, in addition to the budgetary provision of N23, 023, 593, 146for Capital Expenditure made in the 2019 National Budget earlier assented to by the President on May 27, 2019.

“Also, as part of his desire to improve and expand admission opportunities for children in tertiary institutions in the country, President Muhammadu Buhari assented to Bills for the establishment of two Federal polytechnics in Nigeria, namely:

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“Also, as part of his desire to improve and expand admission opportunities for children in tertiary institutions in the country, President Muhammadu Buhari assented to Bills for the establishment of two Federal polytechnics in Nigeria, namely: Federal Polytechnic, Kaltungo, Gombe State and Federal Polytechnic, Daura, Katsina State.”

He said that the laws establishing the named Polytechnics is standard with the Laws establishing all other Federal Polytechnics in Nigeria.

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