Mrs. Kemi Adeosun, has said that Federal Government’s motive is to roll over at least 60 per cent of 2017 capital projects to 2018 fiscal year.
She noted that there was no stoppage in terms of capital releases and projects.
Adeosun said, “we had a rollover from the 2016 to the 2017 budget. There was no stoppage in terms of capital spent as projects simply continued.
“In the way in which we allocated the fund, the prioritisation was according to the objectives of the economy and growth plan.
“We were focused on project completion. So, we prioritised projects that were nearer to completion that were critical in the first releases of capital.
“We need more of your support. We have a number of resolutions that we need to complete international borrowings.”
Senator Udoma also said that the Federal Government had been trying to get the 2018 Budget to the Senate before the end of October.
“We intend to have discussions with you so that we can finalise that and take it to the Federal Executive Council so that we restore ourselves to the January to December fiscal year.
“This is to make it much easier to report on the performance of budgets,” he said.
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