FG to Release N350bn Capital Allocation Soon

The Minister of Finance, Mrs. Kemi Adeosun Monday said that the federal government will soon release N 350 billion capital allocation.
Adeosun who made this disclosure during a budget breakdown said the Cash Management Committee, CMC, will meet to work on the list of Ministries, Departments and Agencies, MDAs that are expected to benefit from the allocation.
She also disclosed that the executive has agreed with the National Assembly on the issue of virement application for them to restore those projects forwarded to them.
She said, “some of these projects include the railway, health and FCT projects. Until that is done, the budget and the appropriation must reflect exactly what is passed at the National Assembly and this is what the law is, What was passed at the National Assembly is what was signed into law.”

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