Finance Minister, Adeosun reviews Nigeria’s 2017 capital spending

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The Minister of Finance, Mrs Kemi Adeosun has given a review of the federal government capital spending in the just concluded 2017 fiscal year.

She also said N1.580 trillion total capital releases for 2017 was remarkably higher than the N1.219 trillion total capital releases for 2016.

“The sector also received the highest releases in the 2016 capital budget, which was a total of N307,411,749,682.00 (25.21 per cent) of the 2016 capital budget.

“Defence and Security received the second highest capital releases of N197,596,016,072.02(12.50%)in 2017, as against N77,532,885,729.00 (6.36 per cent) total releases the sector received in 2016.”

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