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Nigeria’s N460b capital expenditure budget, already spent – Udoma

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MINISTER of Budget and National Planning, Udoma Udo Udoma, has said that Federal Government has so far released N460 billion from the 2018 Budget for capital projects, adding that only resumption of the National Assembly remains for government to finalise and present its 2018 borrowing plan to support the budget.

Udoma stated this yesterday in a chat with newsmen on the sidelines of IMF and World Bank Group Annual Meeting in Bali, Indonesia which is currently going on.

Similarly, President Muhammadu Buhari yesterday requested National Assembly to approve about N242 billion (242,445,322,600) for Independent Electoral Commission (INEC) and  security agencies ahead of the 2019 general elections.

The president sent the request in a letter dated September 19, and read by Senate President Bukola Saraki at plenary.

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