The Federal Government yesterday confirmed that it approved the release of N1.2tr in the 2019 budget for financing of capital projects across the country. Although records show that the 2019 budget has a total of N2tr for capital expenditure, she earlier announced that as at November this year, N650b was released, a bulk of which was deployed to roads projects. Her words: “First, in terms of revenue performance, the revenue performance prorated to third quarter of 2019 is N4. “The GDP growth that we planned for 2019 was 3.5 percent and the third quarter GDP performance was reported as 2.28 percent. “On overhead, we have been able to eight months overhead for general MDAs and 11 months overhead for some MDAs we classify as critical.

Source: The Guardian December 19, 2019 03:22 UTC