MDAs Receive N5.81trn for 2024 Capital Projects - Budget Office   Ministries, Departments and Agencies (MDAs) of the Federal Government received a total of N5.81tn for capital projects in the 2024 fiscal year, according to the latest Budget Implementation Report released by the Budget Office of...

Price Drop Threatens Nigeria's Capital Projects Despite OPEC Quota Compliance   The Federal Government’s ability to meet up with its targeted revenue of N41trn to foot the 2025 budget is becoming a tall order with the instability in the global price of oil. This is even as...

Only 20% of N25trn 2024 Budget Goes to Capital Projects   The Federal Government has spent just N4.99tn – only 20 per cent of its total N24.91tn budget – on capital projects in 2024, leaving the country’s infrastructure needs largely underfunded. Despite a significant rise in government...

FG Releases N1.2tn for Capital Projects The Federal Government released a total sum of N1.23tn to 17 ministries for the implementation of capital projects aimed at advancing development and infrastructure initiatives as of September 30, 2023. An analysis of the Budget Implementation Report for the third...

Fed Govt Gives N250bn Sukuk Bond To Three Ministries   The Federal Government has given a cheque of N250bn from Sukuk bond to three ministries for the implementation of capital projects across the country. These are the Ministry of Works and Housing, Ministry of Federal Capital Territory,...

FG Released N1.95trn To MDAs For Capital Projects In 2020 - FRC   Over N1.95 trillion was released and cash-backed to ministries, departments and agencies (MDAs) by the Federal Government in its 2020 budget implementation. This was contained in the 2020 Fiscal Responsibility Commission’s (FRC) yearly report...