The Minister of Budget and National Planning, Senator Udo Udoma, has announced plans to commence the release of funds for capital expenditure beginning from Friday for the implementation of the 2016 budget.
Senator Udoma made this confirmation while speaking during the 2016 budget breakdown in Abuja.
He said that the budget would run until the end of May 2017.
He added that there are plans by the Federal Government to ensure that the 2017 budget is passed before December 31.
Meanwhile, the Minister of State for Budget and National Planning, Ms Zainab Ahmed, explained that there is a 500 billion Naira appropriation for special interventions targeted at improving the lives of Nigerians at all levels. (Channels TV)
•Photo shows Budget Minister Udo Udoma.
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