• 380

    USD/NGN

FG Begins Implementation Of 2013 Budget

FG Begins Implementation Of 2013 Budget

The Federal Government has begun the implementation of the 2013 budget with a capital release of N400bn for first quarter capital projects.

The 2013 budget was signed into law by President Goodluck Jonathan amid reservations.

Jonathan had while signing the budget said that an amendment version would be sent to the National Assembly to address grey areas in the one passed by the National Assembly.

The grey areas are reduction in personnel cost; reallocation of capital expenditure by lawmakers and reallocation of the budget for the Subsidy Reinvestment and Empowerment Programme.

More details later.

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NAIJ.com
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