Nigeria: Promises Waiting for Govt This Year

30 September 2016

Shortly after the retreat at the Presidential Villa in the middle of this month, the Minister of Finance, Mrs Kemi Adeosun, made some startling announcements which pointed to a deepening recession contrary to the assurances that it will soon be over.

The Minister told reporters that government had just released additional N350 billion for capital expenditure - bringing the total to N700 billion this year. However, Mrs Adeosun failed to tell her listeners that the budget in 2016 for capital is N1.8 trillion and that N700 billion represents 43 per cent of the year's total with only one quarter of the year to go.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.