Senate yesterday approved the extension of implementation of N114 billion budget for the Federal Capital Territory, FCT, to March 31, 2016.
President Muhammadu Buhari had on February 23 requested the Senate to extend the budget of the FCT to March 31, through a letter addressed to the Senate President Bukola Saraki.
The Senate acceded to the request of the president and gave the bill accelerated hearing, as it was considered for second and third reading before being passed into law.
In his remark, Saraki directed the Conference Committee of the Senate to harmonise its figures with that of the House of Representatives.
Earlier while presenting the bill for second reading, the leader of the Senate, Muhammad Ali Ndume noted that the 2015 FCT budget was approved on May 28, 2015, allowing only seven months implementation.
Ndume said that in order to meet the obligations of the FCT and as requested by President Buhari, the Senate should give accelerated passage to the request for extension.
He said that in view of the seven months period, the FCT budget implementation only stood at 40 percent, hence the need for the extension.

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