Shell Energy Entrepreneurs banner Yudala banner
FG releases N336bn capital funds to MDAs

By News Express on 27/09/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 641

•Finance Minister Kemi Adeosun
•Finance Minister Kemi Adeosun

The Federal Government has, to date, released N336 billion from the 2017 Budget to Federal Ministries, Departments and Agencies for the funding of capital projects in the first quarter of 2017.

The balance of N14 billion is being processed, pending resolution of some formalities within the agencies concerned.

Power, Works and Housing received the largest allocation of N90 billion, followed by Defence and Security, which got N71 billion, while Transport got N30 billion.

Furthermore, Agriculture received N30 billion and Water Resources got N12 billion.

Other sectors combined received a total sum of N103 billion.

The Minister of Finance, Kemi Adeosun, said the prioritisation of the release of available funds was made in accordance with the objectives of the Economic Recovery and Growth Plan.

Adeosun said that in 2017, the Federal Government will continue to focus on capital expenditure spending on priority sectors to stimulate economic activities and job creation.

“Despite fiscal constraints, the Federal Government was able to fully cash-back the budgeted capital releases so far made, which is a reflection of the current administration’s commitment to economic development,” the Minister said.

Source News Express

Posted 27/09/2017 05:47:34 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Champions League: Arsenal bow out in style, gun...

Chidoka assures on implementation of Aviation Revenue Automation...

C’ttee on Safe Schools Initiative meets, maps out...

Troops rescue 26 persons from Boko Haram in...

Senate vows to block leakages in aviation

Ozubulu church massacre: ‘Bishop’ buries father in grand...

Oil spill from Shell’s facility pollutes Ogboinbiri River...

PDP calls for probe into missing 4,501 trucks...

Enugu council elections: ENSIEC will conduct credible polls...

EFCC probes N500m Chibok fund

Anambra: Tribunal adjourns indefinitely judgment in PDP petition...

Police to create 20,000 new jobs

 

Latest News Senate Gives IGP 14 Days To Arrest Perpetrators Of Benue Attacks FCTA demolishes Patience Jonathan’s property Trump makes U-turn on ‘shithole’ comment Police Arrest Cleric With Human Parts In Lagos Malaria, malnutrition major killer of children under 5 years EFCC re-arraigns ex-FCT Minister, others over fraud House of Reps to probe fuel subsidy re-introduction Presidency Replies Bakare, Says Buhari’s Administration Is ‘On Course’ Court Adjourns Trial Of Ex-Abia Governor, Orji Kalu Crackdown fear weakens Bitcoin Man divorces wife after 44 years of marriage based on information received in his dream Rice farm: Bayelsa community disowns ex-militant leader, demands his arrest

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (314,414 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (303,498 views) Shameless Genevieve Nnaji exposes breasts in public (243,722 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (200,885 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (189,623 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (178,877 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,156 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (139,058 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (135,803 views) Lagos plane crash: Journalist releases victims’ names (124,101 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (121,233 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (118,667 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,849) Business Verdict (32) Columnists (790) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,739) Interviews (139) Live Commentary (28) Love Matters (100) News (31,935) Opinion (864) Pidgin (10) Politics (4,350) Religion (666) Sports (1,405) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!