• FG has released N3.9trn of 2016 budget, says Adeosun

    FG has released N3.9trn of 2016 budget, says Adeosun

    According to reports, the Minister of Finance, Mrs. Kemi Adeosun, has said that at the end of September, N3.9tn out of the N6.1tn budgeted for the year has been released.

    The Director Special Projects in the ministry, who represented the minister, Mr. Mohammed Dikwa, a stakeholders’ forum on reducing the cost of governance in Abuja on Tuesday said only 18 per cent of the releases was for capital expenses against 82 per cent for recurrent expenditure.

    In a paper, “Public Sector Financial […]