Tuesday, June 17, 2025
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us
MetroNews NG
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV
No Result
View All Result
MetroNews NG
No Result
View All Result
adron ad

FG releases N460bn capital expenditure – Udoma

metronews by metronews
October 11, 2018
in News
0

The Federal Government has released N460 billion out of the N2.1 trillion capital expenditure for 2018, the Minister of Budget and National Planning, Udo Udoma has said.

Speaking yesterday on the side lines of the Annual Meetings of the International Monetary Fund (IMF) and World Bank in Bali Indonesia, the minister said more money Would be released if the National Assembly approved the borrowing plans of the government.

“The amount of capital releases as of today is N460 billion. We just need a resolution of the National Assembly on the Borrowing Plan then we can fund it even more ”, he said.

He added: “We are spending money on N-Power, School feeding, Trader Moni. We are conscious to meet the needs of the vulnerable.”

Also speaking, the Minister of Finance, Zainab Ahmed, after meeting with a delegation of Afrexim Bank from Cairo said Nigeria might likely increase its shareholding in the bank because “there is a lot of value’’.

“We discussed the setting up a medical park in the FCT which is a discussion that has been going on for quite a long time. There was also a discussion on the establishment of Quality Assurance Centres in Ogun and other parts of the country,” Zainab said

“We also discussed the setting up of Industrial Parks in collaboration with the Federal Ministry of Industry, Trade and Investment in three Centres- Lekki, Kano and one in Kaduna.

“Trade Agreements are not things that the government will just enter into without due consultations with stakeholders in the private sector. We need to discuss with the private sector and agree with operators in that sector before we join. The discussions have been going on but we have not reached a consensus. We need to reach a consensus before we agree, ‘’ she added.

Tags: Capital ExpendituresUdo UdomaZainab Ahmed
Previous Post

Portrait of the tiger Ambode rode

Next Post

A Lifeless Evening With Buhari By Fredrick Nwabufo

Related Posts

D'Banj top artistes
News

D’Banj Names Rema, Davido, Burna Boy as Top 3, Excludes Wizkid

June 16, 2025
Chain Reactions Emerges Nigeria’s Most Awarded PR Firm at SABRE Awards
#SmartLagos

Chain Reactions Emerges Nigeria’s Most Awarded PR Firm at SABRE Awards

June 15, 2025
June 12: Lagos Speaker Praises President Tinubu’s Achievements, Calls for Civic Engagement
#SmartLagos

National Honours: Obasa Salutes Amuka-Pemu, Onanuga, Babarinsa, Other Journalism Icons

June 13, 2025
Next Post

A Lifeless Evening With Buhari By Fredrick Nwabufo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • #SmartLagos
  • Accident
  • Aviation
  • Award
  • Banking
  • Basketball
  • Beauty
  • Boxing
  • Brands
  • Breaking
  • Business
  • Careers
  • Community development
  • Crime
  • Culture
  • Default
  • Domestic violence
  • Economy
  • Education
  • Empowerment
  • Entertainment
  • Environment
  • Event
  • Fashion
  • Featured
  • Finance
  • Football
  • Gaming
  • Gist
  • Golf
  • Health
  • Inspirational Patience
  • Interview
  • Investigative
  • Law
  • Lifestyle
  • local
  • MetroMan
  • MetroPerson
  • metroplus
  • MetroProfile
  • Movies
  • Music
  • MUSIC
  • New Music
  • News
  • nolly wood
  • Nollywood
  • Novels
  • Odawood
  • Oil&Gas
  • Opinion
  • Parenting
  • Photos
  • Politics
  • Press Release
  • Relationship
  • Religion
  • Scandal
  • Security
  • Sex
  • Society
  • Sports
  • Tech
  • Technology
  • Travel
  • TV
  • Videos
  • Weird
  • Wheels
  • World

BROWSE BY TOPICS

#COVID19Nigeria #EndSARS Adams Oshiomhole APC ASUU atiku Atiku Abubakar boko haram Buhari Bukola Saraki business CBN court COVID-19 crime davido ECOWAS Edo Election Edo State Election efcc Featured FG Goodluck Jonathan gunmen INEC Kayode Fayemi Lagos Lagos State Muhammadu Buhari NCDC NDLEA news Niger Nigeria NLC Obaseki PDP police politics President Buhari Sanwo Olu senate tinubu wike Yemi Osinbajo


Recent News

  • (no title)
  • Benue Police Arrest 14 Suspects for Hijacking Protest, Arson, Driver’s Death
  • NIHOTOUR Clarifies Compliance Exercise Incident At Federal Palace Hotel
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us

© Copyright MetroNews NG 2020. All rights reserved.

No Result
View All Result
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV

© Copyright MetroNews NG 2020. All rights reserved.