Federal government has released ‎up to N5.1 trillion for 2016 budget out of N6.06 trillion passed by the National Assembly.
‎This was stated in a meeting organised by Joint National Assembly Committee on Appropriation for the stakeholders.
The Committee includes Central Bank of Nigeria (CBN), Accountant General of the Federation office, Ministry of Budget and National Planning, ministry of Finance, Budget office and Debt Management Office chaired by Senator Danjuma Goje .
Speaking before the committee, the Accountant General of the Federation, Hammed Idris informed the lawmakers that N870 billion for capital projects which constitutes 55 percent while N2.3 trillion was released for personal cost, N351 billion for statutory transfer.
AGF also added that N1.3 trillion was meant for debit servicing, service wide votes N285 billion and overhead is N138 billion.
He explained that personnel cost, debit service‎ were achieved 100 percent, and overhead cost achieved 85 percent, while capital is 55 percent.
The document obtained by our correspondent also showed that Accrual from FAAC for 2016 is N4.058 trillion.‎
The question begging for answer is how has the N5.1 trillion translated to an impact on the common man.?

Source: https://naijadefender.

Work on the article and the link you've provided

Kai! My people this one wa we de recession. When the thing go end. Compare and contrast the figure the op
.
N5.1tr released / N2.6tr generated.

Hmm we are in a long thing

They will share it among themselves now

Can u imagine

While a mere 870 billin was released for Capital Project
Representing %55 of the Total Money bugdeted.


The Personal Cost that is 2.3trn was %100 implemented.

My pple
How do develope in this kind of governance

Is this not the reason the Economy is in total comatose