According to reports, the Speaker of the House of Representatives, Mr. Yakubu Dogara, has disclosed plans by the Federal Government to refund debts owed the 36 states by paying them N20billion apiece, a total of N720bn.
Dogara said the money would be used for the provision of infrastructure by the states.
Many states had in the past undertaken to rehabilitate failing federal government infrastructure in their domain, especially road projects with the understanding that they would be repaid by the latter.
Statement on […]
According to reports, the federal government has said that that it had so far released N720 billion to Ministries Departments and Agencies (MDAs) out of the N1.8 trillion budgeted for capital projects in the 2016 Budget.
Minister of State for Budget and National Planning, Mrs. Zainab Ahmed, disclosed this yesterday at the end of the Federal Executive Council (FEC) meeting in Abuja.
She said work on the 2017 Budget has reached an advanced stage, stressing that the document had already been extensively […]