Tribune Online
  • Home
  • News
  • Business
  • Columns
  • Editorial
  • Entertainment
  • Politics
  • Health
  • Sports
  • Opinions
  • Women
No Result
View All Result
  • Home
  • News
  • Business
  • Columns
  • Editorial
  • Entertainment
  • Politics
  • Health
  • Sports
  • Opinions
  • Women
No Result
View All Result
Tribune Online
No Result
View All Result

FG released N2.5trn for capital projects in 2016, 2017 ―Budget office DG

by Tribune Online
March 26, 2018
in Latest News
Reading Time: 2 mins read
A A
FG released N2.5trn for capital projects in 2016, 2017 ―Budget office DG

Director GeneralMR Ben Akabueze, Director General, Budget Office of the Federation, said on Monday that the Federal Government released about N2.45 trillion for capital projects from the 2016 and 2017 budgets.

Akabueze disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja.

NAN recalls that N6.06 trillion was the total budget for 2016, including N1.75 trillion for capital projects while N2.18 trillion was for capital expenditure in the 2017 budget of N7.298 trillion.

The director general said 1.2 trillion was released for the implementation of capital projects in 2016.

“This (N1.2 trillion) is the highest amount released so far by the Federal Government. Over one trillion was utilised by Ministries, Departments and Agencies (MDAs).

“Overall, of the total budgeted sum of 6.06 trillion in 2016, the sum of 5.36 trillion accounts for the total expenditure, leaving a balance of 0.7 trillion,” he said.

Related News

FG approves ​new trade union, Online Transport Workers

Insecurity: 80,000 Boko Haram, families have surrendered so far – FG

FG approves funds for establishment of limestone factory in Ebonyi — Umahi

The director general said the figure indicated an overall performance of 88.43 per cent, adding that the implementation of 2016 budget was remarkable.

“With regards to 2017 budget, about N1.248 trillion has been released for capital projects. MDAs have so far accessed about 70 per cent of this amount,” he said.

He, however, noted that the MDAs had included about 50 per cent of the capital projects budgeted for in 2017 in the 2018 budget.

Akabueze said that the implementation of the 2017 budget would be ongoing until the 2018 budget was approved.

According to him, the total expenditure for 2017 budget till date is N6.406 trillion.


  • FG is broke, can’t implement capital budget —Lai Mohammed

He said that the amount included a recurrent expenditure of about N5.16 trillion and capital expenditure of about 1.25 trillion.

“This indicates an overall performance of 86.1 per cent. It is clear that implementation of 2017 budget which is still ongoing can also be adjudged impressive.

Akabueze said the Ministry of Budget and National Planning had ensured effective monitoring of projects and programmes in the country.

“The Fiscal Responsibility Act (2007) as amended mandates the budget office to prepare and publish a quarterly budget implementation report.

“So, ongoing projects across the country are jointly monitored by the Budget Office Monitoring and Evaluation Department and the National Monitoring and Evaluation Department of the ministry on a quarterly basis.

“We are working on activating the budget monitoring module on the Government Integrated Financial Information System (GIFMIS) platform,’’ he added.



Tags: Budget Officefg
ShareTweetSendShareShare

Related News

FG hints on raising lecturers , Varsities to get N30bn, #EndSARS, FG, Anambra, ASUU, Chris Ngige, striking resident doctors
Latest News

FG approves ​new trade union, Online Transport Workers

January 25, 2023
boko haram
Top News

Insecurity: 80,000 Boko Haram, families have surrendered so far – FG

January 11, 2023
David Umahi
Politics

FG approves funds for establishment of limestone factory in Ebonyi — Umahi

January 6, 2023

Most Read

  • Obi leads Atiku, Tinubu in 'Nigerians Decide' poll
    Obi leads Atiku, Tinubu in 'Nigerians Decide' poll
  • 'Omo Mercy don get belle', fans react over singer's viral photo
    'Omo Mercy don get belle', fans react over singer's viral photo
  • Lagos 2023: LP's Gbadebo leads Sanwo-Olu, Jandor in new survey
    Lagos 2023: LP's Gbadebo leads Sanwo-Olu, Jandor in new survey
  • Ortom blasts ex-Kano emir, says 'face your problem'
    Ortom blasts ex-Kano emir, says 'face your problem'
  • ‘MTN, Airtel in the mud’, reactions as Elon Musk's Starlink launches in Nigeria
    ‘MTN, Airtel in the mud’, reactions as Elon Musk's Starlink launches in Nigeria
  • 'They moved exchange rate from N200 to N800,' Tinubu laments at Cross River rally
    'They moved exchange rate from N200 to N800,' Tinubu laments at Cross River rally
  • Tinubu and the ways of the wasp
    Tinubu and the ways of the wasp
  • El-Rufai's Bombshell: Certain people in Aso Rock working to ensure Tinubu's defeat
    El-Rufai's Bombshell: Certain people in Aso Rock working to ensure Tinubu's defeat
  • NADECO mourns as Dan Suleiman dies at 81
    NADECO mourns as Dan Suleiman dies at 81
  • Adeleke approves stadium for Tinubu, asks residents to stay away from evil hands
    Adeleke approves stadium for Tinubu, asks residents to stay away from evil hands

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune

Frontpage Today

EDITORIAL

Editorial
Opinion
Letters

BUSINESS

Capital Market
Money Market
Economy

ENTERTAINMENT

Friday Treat
Entertainment
Razzmattaz

REGIONS

South West
Niger Delta
Arewa

RELIGION

Tribune Church
Church News
Muslim Sermon
Eye of Islam
Islamic News
COLUMNS

Anike's Diary
Aplomb
Ask The Doctor
Autoclinic With The Mechanic
Awo's Thought
Borderless
Crucial Moment
Empowered For Life
Festus Adebayo's Flickers
Financewise
Gibbers
Intimacy
Language & Style
Leaders' Forum
Leadership & Management
Lynx Eye
Monday Lines
Mum & Child
Natural Health
Notes from Atlanta with Farooq Kperogi
On The Lord's Day
PENtagon
Political Panorama
Veritatem With Obadiah Mailafia
Voice of Courage
Whatsapp Conversation
You and Eye
Your Life Counts

WOMEN

Xquisite
Xquisite Food
Xquisite Style
Wondrous World of Women

MORE

Business Coach
Education
Event Digest
Crime & Court
Do It Yourself
Ecoscope
Property & Environment
Energy
Maritime
Aviation
Brands & Marketing
Agriculture
Info Tech
Labour
Leadership & Management
Achievers
Arewa Live
Arts & Culture
Arts & Reviews
Campus Beat
Politics
Health News
  • About Us
  • Contact us
  • Disclaimer
  • Privacy
  • Tribune Advertisement Rates

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • 2017 ỌBAFẸMI AWOLỌWỌ PRIZE FOR LEADERSHIP, CALL FOR NOMINATIONS
  • About Us
  • Breaking News in Nigeria Today – Tribune
  • Breaking News in Nigeria Today – Tribune Online
  • Business
  • Christmas eve Boko Haram attacks: Ndume seeks proactive military operations in North East
  • Columns
  • Contact us
  • Disclaimer
  • Editorial
  • Education
  • Entertainment
  • Events Page
  • Features
  • Health
  • IGP orders Ahmed Iliyasu to resume in Kano as CP
  • Lifestyle
  • News
  • Nigerians, prisoners of their own spaces
  • Playlist Test
  • Politics
  • Privacy
  • Regions
  • Reps task 9th Assembly on recovery of N738.772bn
  • Tribune Advertisement Rates
  • Tribune TV
  • Tribune Videos
  • Women
  • Yop Poll Archive
  • Youths demand compensation from FG over loss of Bakassi, 76 oil wells in Cross River

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist