Fed Govt Okays N1.42tr For Infrastructure

The Federal Government will spend N3.53 trillion on infrastructure and human capital development.

Minister of Finance, Budget and National Planning Mrs. Zainab Ahmed made this known in Abuja at the Town Hall Meeting on the achievements of the government in infrastructure development.

Mrs Ahmed stated that in the year alone, the government planned to spend about N1.42 trillion on infrastructure and N2.11 trillion on human capital development.

The administration, she said, will spend the huge amount because it wants to prioritise the spend on infrastructure and human capital to boost rapid economic development.

Ahmed said there had been significant progress in the implementation of the Appropriation Act, particularly the capital budget.

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