Ministry Of Power Gets N209bn As Capital Release


The Ministry of Power received N209.24bn out of the total N753.6bn capital votes so far released by the Ministry of Finance to Ministries, Departments and Agencies MDAs for the implementation of the 2016 budget.
The details were made available in a statement by the Special Adviser on Media to the Minister of Finance, Mr Festus Akanbi.
Akanbi in the statement said that the Ministry of Defence got N69.5bn, while the Ministry of Transport received N30.5bn.
Others are agriculture, N29.5bn; water resources, N25.2bn; interior, N21.2bn; health, N18.4bn; education, N16.7bn; Niger Delta, N8.1bn; science and technology, N6.6bn; mines and steel, N3.3bn; and petroleum, N2.4bn.
The statement added that the sum of N312.5bn was released for what it described as “others.”
The Minister of Budget and National Planning, Senator Udo Udoma, had said that the total amount of N753.6bn already released for capital expenditure this year was the highest in the nation’s recent history, even during the era of high oil prices.

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