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...

Fresh N2.34trn Loan Is For Capital Projects, Says DMO       The Debt Management Office on Tuesday said the request by President Muhammadu Buhari for the National Assembly’s approval for fresh N2.34tn loan was meant to provide funds for capital projects such as power, transport, agriculture and...

2021 Budget: Reps Cancel All New Capital Projects By TCN         House of Representatives has cancelled all new capital projects planned for execution by the Transmission Company of Nigeria, TCN. The House Commitee on Power reached the decision via a motion at the resumed budget defence session...