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October 10, 2018

Breaking: FG releases N460bn capital budget

Breaking: FG releases N460bn capital budget

President Buhari signed the 2018 Budget into Law Wednesday June 20, 2018 at the State House, Abuja.

By Emmanuel Ujah
The Federal government has released N460 billion capital budget to date.

Udo Udoma

The Minister of Budget and National Planning, Senator Udoma Udoma, gave the figure in an an interview on the sidelines at the on-going International Monetary Fund (IMF) and World bank Annual Meetings in Bali, Indonesia, this morning.

He said that the executive has been waiting for the National Assembly to pass to approve the 2018 Borrowing Plan.

According to him, once the borrowing plan was approved by the National Assembly, there would be a quick roll out of more funds for capital projects across the country.
Details later…