Fg release n60bn capital projects finance minister

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FG Releases N60bn for Capital Projects - Finance Minister

The Federal Government has released N60 billion for the implementation of capital projects across various ministries, departments, and agencies (MDAs) in the country.

The Minister of Finance, Budget, and National Planning, Zainab Ahmed, made this announcement on Tuesday while speaking at a meeting with the National Assembly Committee on Finance in Abuja.

According to the minister, the released funds are part of the N2.3 trillion 2022 budget, which was approved by the National Assembly in December 2021.

Ahmed explained that the release of the funds is aimed at ensuring the timely implementation of capital projects, which are critical to the country's economic development.

"We have released N60 billion for capital projects, and we are working to ensure that the remaining funds are released as soon as possible," she said.

The minister also assured that the government is committed to ensuring transparency and accountability in the management of public funds, and that all MDAs are required to provide regular updates on the implementation of their capital projects.

The release of the funds is expected to boost economic activities in the country, particularly in the construction and infrastructure sectors.

Source: ThisDay Newspaper, February 22, 2022.