Federal Government on Thursday announced the release of over N820.57 billion to Ministries, Departments and Agencies (MDAs) as capital expenditure from 2018 Budget, saying that it would soon increase it to N1.1 trillion before the end of the year.
Minister of Finance, Mrs Zainab Shamsuna Ahmed who disclosed this, during the 2019 Budget breakdown, in Abuja, said the N820.57 billion represents 43 per cent of the MDA capital.
This was contained in a statement issued by the Minister’s Special Adviser on Media and Communication, Mr Paul Ella Abechi on Thursday.
She explained that the government has equally made releases that go to the statutory transfer agencies which are released to them en block and that amount includes both their personnel, recurrent as well as capital.
“Let me first of all say that the N820.57 billion that has been released is just for MDA capital because we have releases also that go to the statutory transfer agencies that are released to them en block and…
