2016 Budget: FG Releases N331 Billion to Power, Defence, Others – Minister

BUDGET BREAKDOWN 0A&B. R-L; Minister of Budget and National Planning, Senator Udoma Udo Udoma presenting the 2016 budget breakdown at the State House in Abuja. PHOTO; SUNDAY AGHAEZE. MAY 12 2016.

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday said the Federal Government had so far released N331.58 billion to Ministries of Defence and Power.

Udoma made this known at a Town Hall Meeting and Policy Dialogue for Good Governance organised by the Federal Ministry of Information and Culture in Abuja.

The meeting was organised by the ministry in collaboration with the Alumni Association of the National Institute for Policy and Strategic Studies with the theme: “Toward Effective Implementation of the 2016 Budget.”

The minister said the Ministry of Power, Works and Housing got bulk of the fund so far released by the Ministry of Budget and National Planning.

He explained that N100 billion was released to the Ministry of Power, Works and Housing, while N50 billion was given to the Ministry of Defence.

Similarly, Udoma said N22 billion was released to the Ministry of Transportation, N21 billion was released to the Ministry of Agriculture, while the Ministry of Niger Delta Affairs got N8.2 billion.

Source

 

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