Nigeria: Low Capital Spending Threatens Economic Recovery

2 October 2017

The announcement early last month by the Federal Minister of Finance that only N350 billion had so far been released to Ministries, Departments and Agencies, MDAs, for capital expenditure is a matter of great concern to us and should, indeed, be to all Nigerians.

This is because it would have been figured into the projections for the nation's year-end economic performance by global institutions like the World Bank, the International Monetary Fund, IMF, the African Development Bank and prospective lenders and economic performance monitors.

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