MDAs Received N1.580tr for Projects in 2017—FG

June 20, 2018

By Modupe Gbadeyanka

Last year, a total of N1.580 trillion was released to Ministries, Departments and Agencies (MDAs) to carry out capital projects in the budget.

This disclosure was made on Tuesday by the Minister of Finance, Mrs Kemi Adeosun, while giving updates on the 2017 budget, which ended yesterday.

President Muhammadu Buhari is expected to sign the 2018 budget into law today and it is worth N9.1 trillion.

In a series of tweets on Tuesday, the Minister said the amount released for capital projects across the country in 2017 was more than what was released in 2016 by the present administration.

According to Mrs Adeosun, N1.220 trillion was released in 2016 to carry out capital projects in the country.

In her breakdown, the Power, Works and Housing Ministry received the lion share, while the Health and Education Ministries got the least amount.

“Total capital cost released to Ministries, Departments and Agencies (MDAs)in the 2017 federal budget was N1,580,270,755,084.44.

“The N1,580,270,755,084.44 in total capital releases for 2017 is higher than the N1,219,471,747,443.00 total for 2016,” the Minister said.

She said Power, Works and Housing got N523.012 billion (33.10 percent of total); Defence and Security got N197.596 billion (12.50 percent); Agric and Water Resources received N149.485 billion (9.46 percent); Transportation got N126.253 billion (7.99 percent); while Health and Education received N98.190 billion (6.21 percent).

Mrs Adeosun said, “Despite the economic challenges in 2017, the Nigerian government was able to fully cash-back the capital releases – the highest ever – and in doing so we have fully demonstrated the Muhammadu Buhari administration’s commitment to infrastructure development.”

“We will continue to work to attract private capital to complement government spending in these key areas of infrastructure and human capital development,” she assured Nigerians.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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