The Federal Government last Tuesday , announced that N280bn had been released from the N350bn set aside for capital projects as contained in the 2016 budget.
It stated that the funds had been sent to the Federal Ministry of Finance for disbursement to six ministries and over 50 agencies for both new and ongoing projects.
This is coming as the Bureau of Public Procurement stated that it had projected to save N48bn for the government through the electronic procurement system, while implementing the 2016 budget.
The Minister of State for Budget and Planning, Mrs. Zainab Ahmed, stated that the release of the rest of the money was ongoing, but explained that projects to be funded are being scrutinised.
Ahmed, spoke during the budget review and inclusive monitoring workshop organised by BudgIT, a non-governmental organisation in Abuja, said, “The release of the N350bn is ongoing, but of course, we are not releasing the budget just based on giving out funds with respect to allocations. We need to scrutinise the projects; it took some time, but we have sent about N280bn for projects that have been scrutinised and the release will be for special projects."And recommendation was on projects that are ongoing, except for a few exceptional circumstances.
It stated that the funds had been sent to the Federal Ministry of Finance for disbursement to six ministries and over 50 agencies for both new and ongoing projects.
This is coming as the Bureau of Public Procurement stated that it had projected to save N48bn for the government through the electronic procurement system, while implementing the 2016 budget.
The Minister of State for Budget and Planning, Mrs. Zainab Ahmed, stated that the release of the rest of the money was ongoing, but explained that projects to be funded are being scrutinised.
Ahmed, spoke during the budget review and inclusive monitoring workshop organised by BudgIT, a non-governmental organisation in Abuja, said, “The release of the N350bn is ongoing, but of course, we are not releasing the budget just based on giving out funds with respect to allocations. We need to scrutinise the projects; it took some time, but we have sent about N280bn for projects that have been scrutinised and the release will be for special projects."And recommendation was on projects that are ongoing, except for a few exceptional circumstances.
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