FCTA: Nigeria Allocates ₦54 Billion to Health Sector Under Wike's Leadership – International Edition

The Federal Capital Territory Administration (FCTA) plans to allocate NGN54 billion of the NGN1.7 trillion 2025 statutory budget towards healthcare improvements, including hospital renovations and advanced medical equipment purchases. Health Minister Nyesom Wike reported during presentations to both the Senate and House of Representatives committees that NGN34 billion would go toward recurring expenses—NGN1.3 billion designated particularly for the Drug Revolving Fund—with another NGN20 billion set aside for capital spending within the health department. According to Wike, overall, 72.3% of the entire projected budget equating to NGN1,289,690,124,776 was marked for capital investments, whereas the remainder, about 27.7%, totalling NGN494,133,583,616 went towards operating costs. Further allocations comprised NGN80 billion for Sukuk loan ventures, NGN25 billion for the Abuja Light Rail initiative, NGN15 billion for enhancing water supply in Abuja, along with NGN250 billion sourced through commercial loans intended to finalize various developmental endeavors throughout the city center and peripheral areas. Of these funds, NGN919,690,124,776 is meant for finishing up significant capital projects and joint funding efforts geared toward stimulating economic growth across the territory. In terms of specific financial distributions under the umbrella of capital investment: NGN801.5 billion goes to the FCDA; NGN137 billion gets assigned to the STDD; additional SDAs receive a combined NGN351.2 billion destined for their respective capital budgets plus certain novel undertakings. Key upcoming structural enhancements encompass concluding work on Roads B6 and B12, developing Arterial Road N20 fully, delivering technical facilities to districts like Guzape, Wuye, and Maitama II, extending the Inner Southern Expressway (ISEX), advancing FCT Highway 105 (the Kurujegoroad), building part of Northern Parkway between Ring Road II and Ring Road III, further progressing Arterial Road N20 alongside connecting to Arterial Road N5, rehabilitating Old Keffi Road, broadening Arterial Road N1 completely, providing entryways to bus terminals, improving Ushafor Army Checkpoint/Road War College linkup route, constructing Pai Goma Road, and widening Kuje-Gwagwaladaro ad. For operational disbursements, NGN150,353,906,168 (representing approximately 8.43%) covers staff-related expenditures, while administrative expenses received NGN343,779,448 (about 19.27%). Detailed projections reveal planned spendings favoring transportation with NGN79.3 billion, schooling receiving NGN181 billion, environmental upkeep getting NGN22.9 billion, utilities securing NGN37.4 billion, farming gaining NGN8.3 billion, societal advancement drawing NGN23.7 billion, jurisprudence needing NGN7.7 billion, property management earning NGN1.5 billion, and council operations being awarded NGN3.1 billion. Wike highlighted key aspects regarding income strategies forming the foundation of the 2025 fiscal plan involving distributed earnings tallying NGN1,392,573,937,087 coupled with undistributed gains reaching NGN391,249,771,305. Sources contributing financially comprise contributions from one percent derived off fifty-two point six eight percent federal government entitlements originating directly from national coffers, internally generated revenues (IGRs), among others explicitly delineated inside the Income Financial Strategy document. He affirmed dedication ensuring continuity concerning unfinished works commenced previously but left incomplete until present day governance assumed responsibility. Emphasizing resolve seeing each endeavor completed successfully despite challenges faced thus far, appreciation extended acknowledging steadfast backing offered consistently by legislative bodies aiding smooth progression without undue delays typically encountered elsewhere historically speaking. Highlighted remarks underscored collaborative spirit fostering mutual respect leading forward together harmoniously aiming ultimately towards prosperity enhancement broadly impacting all inhabitants dwelling therein. Syndigate.info ).