FG Releases N1.2tn for 2020 Capital Projects

0
Zainab-Ahmed
Minister of Finance, Mrs. Zainab Ahmed

By Ndubuisi Francis

The federal government has released a total of N1.2 trillion for capital projects, and N2.14 trillion to meet debt service obligations provided for in the Revised 2020 Budget, as at end of September.

During the period under review, the sum of N2.18 trillion was also expended as personnel cost, including pensions.

The details were provided in Abuja, Tuesday by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, at the public presentation and breakdown of the 2021 budget proposals.

She disclosed that as at end of August 2020, federal government’s revenue available for budget funding (excluding government-owned enterprises) was N2.52 trillion, representing 71per cent target.

Details soon