|Register On Nairaland / LOGIN! / Trending / Recent / New|
Stats: 2,933,998 members, 7,097,529 topics. Date: Saturday, 01 October 2022 at 07:01 PM
Omokri Reacts To The Distribution Of Capital Projects In The 2016 Budget / We Don't Have Money To Release, For Capital Projects: FG / FG Releases N350b For Capital Projects: See The Breakdown (2) (3) (4)
|2016 Budget: North Central, FCT Get Lion Share For Capital Projects by caremaster: 6:58pm On Jun 09, 2016|
The breakdown of the sharing of funds for the various regions in the country has shown that the North Central has got the lion’s share totaling N271.79 billion for the implementation of capital projects.
Details of the capital allocation of the 2016 Appropriations Act signed into law by President Muhammadu Buhari was contained in a document by the National Assembly Budget and Research Office (NABRO).
According to the document, the highest beneficiary is the Federal Capital Territory (FCT) with the sum of N209 billion (76.99%) for capital projects compared with every region across the Federation.
While Nasarawa State got N14.75 billion (5.43%); Kwara State got N5.19%); Niger State got N12.59 billion (4.63%); Plateau State got N6.63 billion (2.44%); Benue got N7.46 billion (2.75%) while Kogi State got N7.25 billion (2.67%).
The capital allocation of N73.7 billion went for the implementation of 802 new projects across the seven States within the North-West region of the Federation.
From the appropriated amount Kano State got N32.14 billion (43.61%) for 166 projects; Kaduna State got N19.82 billion (26.99%) for 292 projects while Katsina State got N9.52 billion (12.92%).
Jigawa State got the sum of N3.56 billion (4.84%) While N3.15 billion (4.28%) goes to Kebbi State; while Zamfara State got N2.53 billion for execution of 61 projects and N2.97 billion (4.04%) was allocated to Sokoto State.
The South West region got a total sum of N48.97 billion of which Lagos State got the highest share allocation of N16.14 billion (32.95%); Oyo State got N12.28 billion (25.08%); Ogun State got N7.95 billion (16.23%); Osun State got N6.52 billion (13.30%); Ondo state got N3.77 billion (7.70%) while Ekiti State got N2.32 billion (4.74%).
N46.69 billion is for the execution of 454 ongoing and mew projects for the North East geopolitical zone. Out of this, Gombe State got N9.70 billion (21%); Taraba state got N9.23%); Bauchi State got N9.23 billion (20%); Yobe State got N6.99 billion (15%); Adamawa state got N5.98 billion (13%) and Borno State N5.98 billion (12%).
|Re: 2016 Budget: North Central, FCT Get Lion Share For Capital Projects by funnynation(m): 7:02pm On Jun 09, 2016|
|Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health |
religion celebs tv-movies music-radio literature webmasters programming techmarket
Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 36