FG RELEASED N400BN CAPITAL VOTE BETWEEN MAY-AUGUST 2016



From May to date the  federal government has released  a total  sum of N400 billion for capital vote, the Minister of Finance, Mrs. Kemi Adeosun, has said.
Speaking yesterday while briefing press in Abuja, she said any moment from next week the government will also release  another N60 billion to contractors.

Adeosun  explained that unlike before when the money were release quarterly,  this administration  was fully prepared to release capital votes as funds roll in but would take necessary  steps to ensure the procurement processes were transparent.

On the state of the economy, Mrs. Adeosun urged economic  patriotism by buying made-in -Nigeria goods, as she said that is the easiest way to come out of the current challenges on forex crises.

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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