The Debt Management Office (DMO) says the release of N1.2 trillion for capital projects by the Federal Government in six months is a positive development in the country.
The capital projects are contained in the 2017 Appropriation Act.
The 2017 budget was only finalised in July 2017, when its implementation started.
The DMO said in a statement on Tuesday evening that the disbursement of the N1.2 trillion, over a short period of six months to capital, “is a strong and positive development in Nigeria’’.
“The release of such a large amount for capital projects is a strong demonstration of the commitment of the present administration to prioritise improvement in infrastructure in order to stimulate economic growth and development.
“Since the 2017 Budget is still being implemented, more releases to…
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