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...
How N3.85trn Capital Budget’ll Be Spent — Finance Minister
The Federal Government is to spend an aggregate sum of N3.85 trillion on capital projects in the 2021 budget which represents N1.15 trillion higher than the 2020 provision of N2.69 trillion. At 29 percent of aggregate...
40% Budget Must Go To Capital Projects - Reps
A bill seeking to make it compulsory for the Federal Government to allocate 40 per cent of funds to capital expenditure in the national budget for 10 years passed the second reading at the House of...
FG Releases N650bn For Capital Projects, Road Repairs
The Federal Government said on Wednesday that road construction and repairs under the Ministry of Works and Housing were a major beneficiary of N650bn so far released for capital projects in the 2019 budget.
It also named the...
43 Days After Budget Assent, FG Yet To Fund Capital Projects
forty-three days after the 2019 budget was signed into law by President Muhammadu Buhari, the Federal Government has yet to release funds to Ministries, Departments and Agencies for the implementation of capital projects.
Buhari had...
