FG Set To Release Fresh N750bn For Capital Projects
Minister of Finance, Mrs Kemi Adeosun has announced the federal government’s plan to release N750 billion to ministries, departments and agencies (MDAs) of government for the implementation of capital component of 2017 budget.
Adeosun, revealed this in Abuja, on Monday, while meeting with a delegation of investors from France.
The funds, to be released this week, will bring the total releases for capital projects so far to N1.2 trillion.
Recall that the federal government had previously released N450 billion for capital projects as captured in the 2017 budget.
“What government is doing is to provide enabling infrastructure that would bring potential into reality. Last year, we released N1.3 trillion of capital and, so far this year, we have released N450 billion and, this week, we will release another N750 billion and this will take the release to N1.2 trillion by the end of the year,” Adeosun said.