Govt releases N995.7b for capital projects
“Under the revised 2020 budget, the government appropriated N1. 347 trillion for capital expenditure; Mr. President directed the release of 50 percent of this amount during the signing of the revised budget before the end of July 2020. The total capital releases to date is N995.665 billion, including Sukuk,” she said.
According to the Minister, the government has been encouraged by the tremendous success recorded with regards to improvements in road infrastructure across the six geopolitical zones with the intervention of this special funding.Director-General, Debt Management Office , Ms. Patience Oniha expressed delight at the successful completion of the Third Sovereign Sukuk issued by the DMO, on behalf of the Federal Government last month.
She was, particularly, happy that N150 billion placed on offer was over-subscribed by 446.08 per cent or N669.12 billion.
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