2016 Budget: Kemi Adeosun makes public capital releases

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The federal Ministry of finance has released details of its capital funding for Ministries, Departments and Agencies (MDAs) with N 753,633,667,464 from the 2016 budget allocation.                 According to the breakdown, the ministry of power got the largest share with N209,246,760,165,  defence has so far received N69,512,363,730,       transport N30,540,042,428; AGRICULTURE N29,578,929,050;   WATER RESOURCES N25,201,857,951; INTERIOR N21,210,059,596;           HEALTH N18,472,539,524;       EDUCATION N16,743,672,981;          NIGER DELTA N8,161,196,486;     SCIENCE AND TECHNOLOGY N6,681,349,721;                                     MINES & STEEL N3,360,000,000; PETROLEUM N2,413,847,044 and others N312,511,048,789.                                          In the 2016 budget, the federal government projected to spend 1.8 trillion Naira or 30% of total N6.06 trillion budget on Capital Expenditure. What yesterday’s breakdown showsis that government is working to meet at least 50% releases for capital  projects.

Comments

Emeka said…
When will the Ministries, departments and agencies that have been allocated funds release their own expenditure report?? I like what Kemi is doing here, atleast we all no know who got what and how the budget is been executed. Now we need to know how each ministry, department and agency are spending it?
11/02/2016 09:16:00 am
Philip said…
Nigerians demand accountability and transparency. Ministers, heads of departments and agencies should also inform us on how they spent the money given to them.
11/02/2016 09:28:00 am
Steve Obiakor said…
This is superb! What a sure way of accountability. We await the breakdown of expenditure of the Ministries and other parsstatals and I'm very sure, Madam Minister will ensure it happens. This is a right step in the right direction.
11/07/2016 12:31:00 pm
Steve Obiakor said…
This is a good job. A sure way to enthrone probity and accountability. We hope the minister will get MDAs to publish how they spent all this money too. I have no doubt she will.
11/07/2016 12:42:00 pm
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