x

AMAC proposes N10b 2021 Budget

The Chairman, Abuja Municipal Area Council (AMAC), Mr Abdullahi Candido has presented the council’s 2021 budget proposal in the tune of N10,087, 228, 268 billion to its legislative arm.

Presenting the budget at the council’s legislative chambers in Abuja on Wednesday, Candido said the 2021 Budget tagged “Budget of Resilience,’ was aimed at bringing to the doorstep of every resident of the council, the dividends of democracy.

He said despite the setbacks experienced by the council last year due to the COVID-19 pandemic, his administration was committed to rural transformation.

The council chief said his administration had, however, allocated N4.37 billion for recurrent expenditure, representing 43.33 per cent and N5.71 billion for capital expenditure, representing 56.67 per cent of the budget.

He added that the personnel cost is N2.75 billion, representing 28.56 per cent, while the overhead cost is N1.46 billion representing 14.77 per cent.

Candido added that the increase in personnel cost is as a result of expected promotion of some members of staff and the proposed minimum wage increase as well as minimum wage arrears.

On capital expenditure, he added that the thrust of AMAC capital projects this year will be the completion of many ongoing projects rather than initiating new ones.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

2025 Ballon d’Or: 3 PSG Stars Emerge as Top Contenders Ahead of Lamine Yamal, Raphinha

Paris Saint-Germain’s historic UEFA Champions League triumph has positioned...

Daniel Etim-Effiong Shares How Rejection Led Him to Marry His Wife, Toyosi

Nollywood actor Daniel Etim-Effiong has revealed that he married...

UNODC: Boko Haram Recruited 1,385 Children Between 2017 and 2019

The United Nations Office on Drugs and Crime (UNODC)...

Eid-el-Kabir: FG Declares Friday, Monday Public Holidays

The Federal Government has declared Friday, June 6, and...

JUNE 12 NASS JOINT SESSION WITH MR. PRESIDENT: AN AGENDA

BY PATRICK WEMAMBU Nigeria's 10th National Assembly comprising the Senate...

Top 10 Best-Performing Nigerian Stocks in May 2025

The Nigerian stock market saw a strong bullish run...

Ododo Tasks Officials on Grassroots Engagement, Local Patronage as Kogi Clears N98.8bn Debt

Noah Ocheni The Kogi State Executive Council has reaffirmed its...
spot_img

Related Articles

Popular Categories

spot_imgspot_img