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2018 Budget: FG To Spend N35bn On Housing Programme, N9.8bn On Mambilla Hydro Pr - Politics - Nairaland

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2018 Budget: FG To Spend N35bn On Housing Programme, N9.8bn On Mambilla Hydro Pr by eyinade2017: 9:49pm On Nov 07, 2017
source= http://www.naija2know.com.ng/2017/11/2018-budget-housing-programme-mambilla-hydro-project.html

Buhari presenting the 2018 budget proposal to the National Assembly
The Federal Government has set aside N35.4bn to address the housing needs of its workforce under the National Housing Programme in 2018.
President Muhammadu Buhari made this known when he presented the 2018 budget proposal at the joint session of the National Assembly in Abuja on Tuesday.
He also announced a budgetary allocation of N9.8bn for the Mambilla hydro power project in Gembu in Taraba.
The Federal Executive Council had on August 30, approved $5.79bn (about N1.140trn) for the construction of the Mambilla hydro plant 45 years after its conception.


Gov. Darius Ishaku of Taraba, had on Monday, lauded President Buhari for ensuring the commencement of work on the 3,050 megawatts Mambilla Hydro Electric Power Plant.
President Buhari stated that the N9.8bn earmarked for the plant included N8.5bn as counterpart funding.
The president revealed that the 2018 budget estimate also contained N12bn counterpart funding for earmarked transmission lines and substations as well as N10bn for the second Niger Bridge project in the South East region.
According to him, about N300bn has been set aside for the construction and rehabilitation of the strategic roads across the country.
“Furthermore, we have also invested a lot of time and effort in identifying alternative means of funding new projects.


Read more = http://www.naija2know.com.ng/2017/11/2018-budget-housing-programme-mambilla-hydro-project.html
Re: 2018 Budget: FG To Spend N35bn On Housing Programme, N9.8bn On Mambilla Hydro Pr by CoolFreeday(m): 9:53pm On Nov 07, 2017
God bless my President

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