Tag: Capital Projects
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Buhari directs release of N600bn for capital projects
President Muhammadu Buhari has directed the Ministry of Finance, Budget and National Planning to release N600 billion for Capital Expenditure in the next three months. The President gave the directive in his nationwide broadcast to mark the Nigeria’s 59th Independence Anniversary on Tuesday in Abuja. He stated that the directive was informed by his administration’s…
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FG spent N1.5tn on capital projects in 2017 – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun, has said more than N1.5tn was spent on capital infrastructure in 2017. Adeosun, who stated this on Sunday on her Twitter handle, said the Federal Government’s debt management strategy was yielding the desired result. “I’m pleased to note that we’re going to close the 2017 budget with capital…
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43 per cent of capital projects in 2018 budget have no impact on Nigerians – BudgiT
A civil society group, BudgIT on Tuesday said about N744.5 billion, or 42.9 per cent of a total N2.65 trillion provision for capital projects in the 2018 Appropriation Bill currently before the National Assembly for approval may have no direct impact on the average Nigerian. The group argued that of the total 9,331 projects included…
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FG to release N750bn to fund capital projects in 2017 budget
The Federal Government on Monday said the sum of N750bn would be released this week to Ministries, Departments and Agencies of government for implementation of capital projects contained in the 2017 budget. The Minister of Finance, Mrs Kemi Adeosun, gave the figure while speaking during a meeting with a delegation of investors from France. She…
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Adeosun confirms release of N350bn for capital projects
The Minister of Finance, Mrs. Kemi Adeosun, on Monday confirmed the release of the sum of N350bn to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget. TheNewsGuru.com reports that Adeosun had on June 6, during the public presentation of the budget, stated that the…
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You are looters, show evidence of N1.3trn spent on capital projects in 2016, PDP tells APC, Osinbajo
The Peoples Democratic Party, PDP, on Tuesday reacted to a statement credited to the Vice President, Prof. Yemi Osinbajo that the Federal Government spent N1.3 trillion on capital projects in 2016. TheNewsGuru.com reports that Osinbajo disclosed this at a plenary of the 2017 Nigerian Bar Association (NBA) national conference in Lagos with the theme: “African…
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2017 budget: FG set to release N350bn for capital projects – Adeosun
The Minister of Finance, Mrs Kemi Adeosun said that the Federal Government was ready to release N350 billion, being the first tranche for implementation of the 2017 budget. Adeosun said this on Monday in Abuja at the public presentation of 2017 Appropriation Act. She said that the Federal Government had enough cash available to immediately…
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FG should focus on proper implementation of capital projects in 2017 – Dogara
The Speaker, House of Representatives, Rt. Hon. Yakubu Dogara on Wednesday advised the Federal Government to focus on proper implementation of the 2017 budget, particularly the capital projects. Dogara gave the advice while delivering a vote of thanks after President Muhammadu Buhari presented the 2017 Appropriation Bill of N7. 3 trillion to the joint session…