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Nigeria releases N200 billion as second quarter capital vote

Nigeria releases N200 billion as second quarter capital vote

byPremium Times
June 19, 2014
1 min read

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N400 billion has been released so far.

The Federal Government in Abuja on Thursday announced the release of N200 billion for the execution of capital projects for the second quarter of the financial year.

In a statement, the Special Adviser to the Minister of Finance, Paul Nwabuikwu, said the money was in addition to N200 billion released in the first quarter.

Mr. Nwabuikwu said that N400 billion had been released so far and that the other approved appropriations in the budget would follow accordingly.

He said the release showed the determination of the Federal Government to ensure that clear and measurable progress was achieved in the execution of capital projects.

(NAN)

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