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FG releases N280bn for capital projects, $220m for rail projects

Ihesiulo Grace 14 March 2020 0

The Federal Government has so far released N285 billion to some agencies for capital projects captured in the 2020 budget and another 220 million dollars as counterpart fund for railway projects in the country. Minister of Finance, Hajiya Zainab Ahmed, made this known when she fielded questions

Business News

DMO excited over release of N1.2trn capital fund

Ihesiulo Grace 19 January 2018 0

The Debt Management Office (DMO) says the release of N1.2 trillion for capital projects by the Federal Government in six months is a positive development in the country. The capital projects are contained in the 2017 Appropriation Act. The News Agency of Nigeria (NAN) recalls that the 2017 budget was only finalised in July 2017, […]

News Politics

Education tops as capital projects get 65% in Borno’s N170b budget

Ihesiulo Grace 29 December 2017 0

‎Governor Kashim Shettima on Thursday presented Borno’s 2018 Budget of N170. 2 billion with education getting the highest amount of N27 billion in an estimate that allocated 65 percent for capital projects leaving recurring with N61.8 billion. ‎Addressing the State House of Assembly in Maiduguri, the Governor announced that the draft, titled, ‘Budget of

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FG to release additional N750bn for 2017 capital projects

Ihesiulo Grace 11 December 2017 0

The Federal Government has said that it will release additional N750billion this week to Ministries, Departments and Agencies (MDAs) for implementation of the capital projects contained in the 2017 Budget. The Minister of Finance, Mrs Kemi Adeosun, disclosed this on Monday in her office during a meeting with a delegation of investors from France in […]