Budget 2013: FG Releases N250b For Capital Projects For 3rd Quarter

Must Read

FG Reacts To Pastor Oyakhilome’s Comment On Lockdown, 5G Network

The Federal Government has reacted to a comment made by founder of Christ Embassy, Pastor Chris Oyakhilome that the...

Nigeria On Course To Stop Coronavirus Pandemic: FG

The Federal Government has expressed that Nigeria remains on the right path to conquer the Coronavirus pandemic in the...

Only Buhari Can Determine Extension Of Lockdown In Lagos, Ogun, FCT – FG

The Federal Government says only President Muhammadu Buhari can decide whether or not, the lockdown of Lagos, Ogun and...

COVID-19: Buhari Sends Solidarity Message To UK Prime Minister, Boris Johnson

President Muhammadu Buhari has sent his message of solidarity to UK's prime minister, Boris Johnson who was rushed into...

Covid-19: Ekiti Begins Distribution Of Palliatives (Photos)

Following the lockdown imposed on the nation as a result of the novel coronavirus, Ekiti state government has begun...

The sum of N250 billion for capital projects for the third quarter 2013 was released yesterday by the federal government, what brings to N850 billion the accumulated amount released for the implementation of capital projects in the 2013 Budget. This information contained in a statement by the Minister of Finance, Dr Ngozi Okonjo-Iweala.

president-goodluck-jonathan-the-minister-of-finance-and-coordinating-minister-of-economy-dr-ngozi-okonjo-iweala-600x375The funds, released by the Ministry of Finance, will be deployed to accelerate the execution of key infrastructure, security and social projects included in budget 2013 in line with the priorities set out by President Goodluck Jonathan, the statement said.

According to Ms Okonjo-Iweala, the implementation of various capital projects across the country is ongoing. At the moment, utilization of the released funds for capital projects for the year 2013 stands at 71 percent.

The Minister noted that all the funds are cash-backed. This means it is available for ministries, departments and agencies to use immediately.

- Advertisement -


Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -