• 2016 budget: FG spent N3.577trn in 9 months, says Udoma

    2016 budget: FG spent N3.577trn in 9 months, says Udoma

    Senator Udoma Udo Udoma, the Minister of Budget and National Planning, Monday, said that the Federal Government has spent N3.577 trillion as at September out of the N6.06 trillion budgeted for 2016.

    Udoma made this disclosure yesterday in Lagos at the KPMG CFO Forum.

    According to him, “The Federal Government has spent about N3.577 trillion as at September 2016 out of the full year budget of N6.06 trillion for the 2016 fiscal year. This translates to a 79 percent performance of the […]