Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,197,830 members, 7,966,073 topics. Date: Friday, 04 October 2024 at 08:32 AM |
Nairaland Forum / Nairaland / General / Politics / FG To Pump N60b Into Capital Projects (583 Views)
2019: Buhari Woos South-east With Capital Projects / Omokri Reacts To The Distribution Of Capital Projects In The 2016 Budget / We Don't Have Money To Release, For Capital Projects: FG (2) (3) (4)
(1) (Reply)
FG To Pump N60b Into Capital Projects by textjames: 5:23pm On Aug 19, 2016 |
Minister of Finance, Mrs Kemi Adeosun, has said that the Federal Government will earmark the sum of N60 billion to fund capital projects in the country. Mrs Adeosun said these funds will form part of the 2016 budget and addition to earlier releases. She made this known on Friday. The Minister said apart from infrastructure investments, the government was reviewing its tax policies to improve collection and widen the net, make its import tariffs more competitive and cut costs to boost the economy. Mrs Adeosun revealed that government’s capital spending so far has exceeded N400 billion in 2016 despite the delay in passing the 2016 budget by the National Assembly due to a power tussle between the executive and the Senate. Nigeria has been struggling to boost its economy by diversifying away from crude oil revenue, which it had depended on for many years. The price of crude oil in the international has swum within $40-$50 per barrel. The Naira has not also done well against the Dollar at the parallel and interbank market. On Thursday, President Muhammadu Buhari disclosed that the country needed to balance monetary and fiscal policies in order to return to growth. http://www.businesspost.ng/2016/08/19/fg-pump-n60b-capital-projects/
|
Re: FG To Pump N60b Into Capital Projects by Mynd44: 6:03pm On Aug 19, 2016 |
(1) (Reply)
Thumps Up For Asa Development Union / Tension As Northern Leader Calls For Protest Against President Buhari / Kogi Governor to Take $12m Loan To Buy Cars Despite Owing Civil Servant
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7 |