As part of efforts to boost the nation’s economy, the Federal Government is to allocate N60 billion naira ($180 million) more spending on capital projects as part of the 2016 budget.
Finance Minister, Mrs Kemi Adeosun, who disclosed this on Friday in an interview with Reuters, said this is in addition to earlier releases.
The country in the middle of its worst financial crisis for decades as a slump in oil revenues hammers public finances and the naira. The central bank governor has said recession is likely.
Government capital spending so far has exceeded 400 billion naira this year, Adeosun said, despite the record budget being held up for months by wrangling between President Muhammadu Buhari and parliament.
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