Nigerian govt. releases N1.2trn for 2017 capital expenditure

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Kemi Adeosun, Nigeria’s Finance Minister

The Federal Government on Monday said it released N1.2 trillion to Ministries, Departments and Agencies (MDAs) of government for implementation of capital projects contained in the 2017 budget.

The Minister of Finance, Mrs Kemi Adeosun, gave the figure during a meeting with a delegation of investors from France in Abuja.

Adeosun told the delegation, made up of 30 companies from France, that government had previously released N450 billion for capital projects, and with additional N750 billion, a total of N1.2 trillion would have invested in infrastructure in the country.

She also told the delegation, who expressed readiness to invest in key sectors of the Nigerian economy, that “what the government is doing is to provide enabling infrastructure that will bring potential into reality.

“Last year (2016), we released N1.3 trillion of…

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