Nigerian government has said
that the second tranche of the N2.1 trillion capital expenditure for the 2017
budget would be released soon.
Minister of Finance, Mrs. Kemi
Adeosun, disclosed that on the implementation of the budget, the first release
of N336 billion from the capital budget was made in August shortly after the
government announced its preparedness to release N350 billion.
She said the capital budget would
be implemented despite the fiscal challenges confronting the nation in terms of
the government’s commitment to infrastructural development and efforts to grow
the economy.
“The 2017 budget was signed in
June and we released N336 billion in August”, she told Thisday.
“We are on course; getting
set for the next set of releases. There is always three months of the budget.
“If you work from June, the first
quarter of the budget is over. So it’s the next quarter that we are getting set
for. There is really no problem at all about releases.
“Even with the fiscal challenges
we have, we are committed to infrastructure expenditure that will get the
economy out of the recession and indeed on the path of growth and we will
continue with that.”
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