in ,

FG Releases N285bn For Capital Projects

The Federal Government has released N285bn for capital projects from the 2020 budget.

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this in Abuja on Friday.

Ahmed spoke after a meeting with the President, Major General Muhammadu Buhari (retd.), at the State House.

“The releases were done as of Tuesday, this week,” she added.

The minister said ministries, departments, and agencies handling critical infrastructure projects, including ministries of Transportation, Works and Housing and Niger Delta Affairs got the releases.

The minister said another $220m was released as counterpart funding for railway projects by the Ministry of Transportation.

The budget of N10.59tn is currently facing implementation challenges amid the crash in crude oil prices owing to the outbreak of coronavirus.

Loading...

What do you think?

0 points
Upvote Downvote

Written by PH

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading…

0

Comments

0 comments

External Reserves Fall By $2.3bn On Plunging Oil Price

Customs Promote 2,974 Officers