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2018 Budget: 71 top projects to gulp N737bn – Daily Trust – Daily...

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2018 Budget: 71 top projects to gulp N737bn – Daily Trust – Daily Trust

The Federal Government has proposed N737.05 billion for the execution of 71 top projects in seven ministries.

A Daily Trust analysis of the 2018 budget proposal presented to the National Assembly last week Tuesday by President Muhammadu Buhari, has identified the top projects that will, if fully implemented, consume over 30 percent of the N2.43 trillion earmarked for the 2018 capital expenditure.

The beneficiary ministries  are Power, Works and Housing; Health; Water Resources; Education; Niger Delta; Transport and Agriculture.

In the power ministry, the Federal Government wants to execute six top projects, including N9.8bn for the Mambilla Hydro Power Project; N12bn counterpart funding earmarked for transmission lines and substations; N10.15bn for rural electrification access programme in federal universities; N2.8bn for the construction of 215MW LPFO/Gas Power Station, Kaduna; N4bn for Kashimbilla Transmission; and N2.56bn for Fast Power Programme Accelerated Gas and Solar Power Generation.

Under transportation, the Federal Government wants to execute seven top rail line projects, including N162.28bn as counterpart funding for railway projects such as Lagos-Kano (ongoing), Calabar-Lagos, Ajaokuta-Itakpe-Aladja (Warri), and Port Harcourt-Maiduguri.

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Business

2018 Budget: 71 top projects to gulp N737bn – Daily Trust

The Federal Government has proposed N737.05 billion for the execution of 71 top projects in seven ministries.

A Daily Trust analysis of the 2018 budget proposal presented to the National Assembly last week Tuesday by President Muhammadu Buhari, has identified the top projects that will, if fully implemented, consume over 30 percent of the N2.43 trillion earmarked for the 2018 capital expenditure.

The beneficiary ministries  are Power, Works and Housing; Health; Water Resources; Education; Niger Delta; Transport and Agriculture.

In the power ministry, the Federal Government wants to execute six top projects, including N9.8bn for the Mambilla Hydro Power Project; N12bn counterpart funding earmarked for transmission lines and substations; N10.15bn for rural electrification access programme in federal universities; N2.8bn for the construction of 215MW LPFO/Gas Power Station, Kaduna; N4bn for Kashimbilla Transmission; and N2.56bn for Fast Power Programme Accelerated Gas and Solar Power Generation.

Under transportation, the Federal Government wants to execute seven top rail line projects, including N162.28bn as counterpart funding for railway projects such as Lagos-Kano (ongoing), Calabar-Lagos, Ajaokuta-Itakpe-Aladja (Warri), and Port Harcourt-Maiduguri.

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Business

We Will Not Make Promises We Cannot Keep – The News

Osinbajo:

*N2b Just Released For Early Works On Second Niger Bridge

By Yemi Osinbajo

How many people know that we are blessed in Anambra State? If you are blessed, just raise your hand.

Ahhhh, I see that all of us are raising our hands! The Lord God Almighty will bless you.

I have come on behalf of Mr. President, many people know already that our President is a man who loves this State, and if you are looking for evidence that he loves this State, I am sure that you will not look very far.

The first time that he ran for President, his running mate was from this State, yes, Chief Chuba Okadigbo. The second time that he ran, his running mate was from this State also, Chief Ume-Ezeoke. So I want you to give Mr. President 3 Gbosas! (Crowd responds!)

The APC government is a government that will do everything it has promised. We are not making promises for nothing. The second Niger Bridge, we have been talking about it for a long time, but for the first time, the President went by himself to negotiate the facility to do that second Niger Bridge. That is why the second Niger Bridge is in our current budget and we have provided for it.

In fact, I am being reminded that just two days ago, the Sovereign Wealth Fund paid N2billion for that same project. (Sum paid to the contractor Julius Berger for early works) We will definitely see our second Niger Bridge, we will not make promises we [...]

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