Transcribed

Nigerian Lawmakers Raises Works Ministry Budget to Over N1trillion 

Jan 19, 2024 · 59s
Nigerian Lawmakers Raises Works Ministry Budget to Over N1trillion 
Description

The National Assembly has raised the budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn. This represents N373bn or 56.7 per cent increase from...

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The National Assembly has raised the budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn.
This represents N373bn or 56.7 per cent increase from the initial figure in the appropriation bill. It also represents a 65.4 per cent increase from the amount approved in the 2023 budget.
The approved budget showed that the increase was due to the raising of its capital budget from N617.9bn to N987.3bn.
An analysis of the document also showed that several capital projects were introduced in the approved budget.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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