FG releases N1.2 trn for capital projects in 2016

FG releases N1.2 trn for capital projects in 2016

The Federal Government says despite the challenges of 2016, it was able to achieve ‘fully cash-backed” capital releases of N1.2 trillion.

The Minister of Finance, Mrs Kemi Adeosun, stated this last night on her twitter handle, @HMKemiAdeosun.

The minister, in the short message she tweeted, however, did not name the specific projects for which the funds were released.

Adeosun only gave the breakdown as follows:

Power, Works and Housing: N307,411,749,682 (25%)

Transport and Aviation: N141,121,925,241 (12%)

Agriculture and Water Resources: N77,532,885,729 (6%)

Education and Health: N56,270,030,992 (5%)

Others: N463,234,558,786 (38%).

Kemi Adeosun: Despite 2016’s challenges, @AsoRock was able to achieve fully cash-backed capital releases of N1.2 trillion, as follows:

 

Also Read:  Avert further flooding- ANPP urges FG

One Response to "FG releases N1.2 trn for capital projects in 2016"

  1. Elliot Adomi
    Elliot Adomi   May 13, 2017 at 7:28 am

    Nigeria

    Reply

Leave a Reply

Your email address will not be published.

3 × four =