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Rehabilitation of Abuja light rail to gulp N29 billion in 2024 FCT budget  

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In the proposed FCT Statutory Budget of N1.15 trillion, N29 billion has been allocated to the ongoing rehabilitation of the Abuja Light Rail project. 

This sum is part of the N726.3 billion designated for capital expenditure in the proposed statutory budget, as revealed by the Minister of the Federal Capital Territory, Nyesom Wike.  

Wike shared these details during his budget presentation to the Senate and House Committees on FCT in Abuja on Monday.

Additionally, the Minister highlighted that besides the N29 billion allocated for the Abuja Light Rail project, the proposed capital expenditure in the budget includes N500 billion for commercial loans to finalise certain ongoing projects in Abuja. 

Moreover, N80 billion is earmarked for SUKUK loan projects, and N117.3 billion is allocated to complete ongoing capital projects and other counterpart-funded related projects in the capital city. 

 

 

 

 

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