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N1.2trn Capital Expenditure Released In 2019 ― FG
The federal government has so far released the sum of N1.2 trillion for capital expenditure in the 2019 budget, amounting to 50 per cent of the provision.
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Tag Archives: Capital Expenditure
N1.2trn Capital Expenditure Cash-Backed In 2016 — Fiscal Commission
The Fiscal Responsibility Commission (FRC), says out of the N1.58 trillion allocated for capital expenditure in 2016, only N1.219 trillion was cash backed. According to the commission’s 2016 Annual Report and Audited Accounts obtained on Tuesday in Abuja, the cash backed amount indicates 97.75 per cent performance. It said that in comparison to the 2015 capital budget, the N1.58 trillion appropriated in …
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Nigeria to spend N2.174tr on capital expenditure
Dayo Emmanuel The Federal Government of Nigeria is to spend N2.174tr on capital expenditure according to the recently signed 2017 budget. The amount represents about 29% of the total budget figure of N7.44tr and an increase of over N300bn above the capital expenditure of the previous year which stood at N1.8tr. According to the budget tracking organization; budgIT, the said …
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