2017 budget n1 58tn released for capital projects says fg
According to the news, the Federal Government of Nigeria has released N1.58 trillion for capital projects in the 2017 budget. This is a significant amount of money that will be used to fund various infrastructure development projects across the country.
The release of this fund is a positive step towards achieving the government's development goals, particularly in the areas of transportation, power, and healthcare. It is expected that the funds will be used to complete ongoing projects and initiate new ones that will have a positive impact on the economy and the lives of Nigerians.
Some of the projects that are expected to benefit from this fund include:
- Road construction and rehabilitation: The government has allocated a significant amount of money for the construction and rehabilitation of roads across the country. This will help to improve transportation and reduce the cost of doing business.
- Power generation and distribution: The government has also allocated funds for the generation and distribution of power. This will help to improve the power supply and reduce the frequency of power outages.
- Healthcare infrastructure: The government has allocated funds for the construction of new hospitals and the upgrading of existing ones. This will help to improve the healthcare system and provide better healthcare services to Nigerians.
- Education infrastructure: The government has also allocated funds for the construction of new schools and the upgrading of existing ones. This will help to improve the education system and provide better educational opportunities to Nigerians.
Overall, the release of N1.58 trillion for capital projects is a positive step towards achieving the government's development goals and improving the lives of Nigerians.