2017 budget: FG to release N350bn for capital projects

The Federal Government is set to release the first tranche of capital release of N350bn to Ministries, Departments and Agencies (MDAs) of government for implementation of the 2017 budget.
The Minister of Finance, Mrs Kemi Adeosun disclosed this during a public presentation of the 2017 budget on Monday in Abuja.

She said the ministry was ready to make the release as soon as the budget is uploaded, adding that a cash plan meeting would soon be held where the funds would be released to the MDAs.

The 2017 budget of N7.4trn was signed last week by Acting President Yemi Osinbajo into law.

 

Leave a Reply

Your email address will not be published.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

*

x

Check Also

Dangote Cement hands over drivers to Customs for transporting contraband

The transport section of Dangote Cement, Ibese Plant, Ogun State, has intercepted one of the ...