Nigerian Govt. releases N750 billion 2017 capital budget – Adeosun
December 20, 2017

Bassey Udo

The Federal Ministry of Finance said on Tuesday it had started the release of N750 billion capital appropriation in the 2017 budget to ministries, departments and agencies, MDAs.
The Minister of Finance, Kemi Adeosun, who disclosed this while appearing before the Senate Committee on Finance as part of the 2018 Budget Defence, said most accounts of the MDAs were already being credited with their approved allocations.
“The accounts of the MDAs are being credited as I speak,” the Minister told the lawmakers. “If the MDAs check their bank balances, they will have balances different from what they were before.”
While reviewing the performance of the 2017 budget when he presented analysis of the 2018 Budget proposal, Minister of Budget and National Planning, Udoma Udoma, said out of the capital projects appropriation of about N2.174 trillion, only N450 billion was actually spent as at October 31.
He said priority attention was paid to critical ongoing infrastructural projects, such as power, roads, rail, and agriculture.
At the Senate briefing, Mrs. Adeosun said ongoing capital projects from the 2017 budget would be rolled over under the 2018 approved appropriation of N2.43 trillion.
The minister told the senators that she was optimistic that with the release of capital budget, Nigerians should expect that many of the ongoing projects by the MDAs would be completed as planned.
Mrs. Adeosun, who used the opportunity to thank the leadership and members of the National Assembly for their support in approving the issuance of Eurobond, said some of the funds were being deployed in the execution of the 2017 budget, while the balance was being used to refinance the country’s existing debt.

https://www.premiumtimesng.com/news/top-news/253073-nigerian-govt-releases-n750-billion-2017-capital-budget-adeosun.html

I hope we'll see commensurate projects?

When where they released?

like play like play, four years don dey reach , and Buhari never get one standout thing were him don do, with al this borrowing were him dey borrow

It is a pity

ndi ala