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FG Releases N460m For Capital Projects

Udo UdomaUdo Udoma

The Federal Government (FG) has released N460m for Capital Projects in the country.

Udoma revealed this at the end on Wednesday at the ongoing International Monetary Fund/World Bank Annual meetings in Bali, Indonesia.

According to him “The amount of releases is N460 billion as of today (Wednesday).”

He did not give further details of the projects.

Udoma also revealed that the finance team of President Muhammadu Buhari administration is in the Asian nation to bring investors into the country.

“We have good news for the investors. By the end of this year, we will be growing at least, at 2.1percentt,” the minister added.

“Things are going well in Nigeria. Things are getting better. We are in a stronger position today than in 2015. We now have trade surplus.

“Our exports are growing. Our imports are not increasing. All the indices are positive. We are very encouraged.

“Non-oil sector is growing at 2.05percentt. However, we have to keep on growing, working hard,”

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Source: OkayNG.com


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Farouk Mohammed
the authorFarouk Mohammed
Chief Editor
Farouk Mohammed is a Senior Editor at Okay Nigeria (OkayNG.com). He has been publishing for 5 years and focused more on Local/World News on OkayNG.com.

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