The federal government on Monday assured Nigerians of its resolve to prudently utilise the proposed N6.2 trillion additional budgetary expenditure aimed at stimulating the economy through the implementation of various infrastructural projects including road, rail, water, irrigation and dam projects in the 2024 fiscal year.
Minister of Budget and National Planning, Senator Atiku Bagudu gave the assurance while addressing the House of Representatives Committee on Appropriation chaired by Abubakar Bichi. In his opening address, Bichi tasked the Minister to give details on the Appropriation bill including the N3.2 trillion capital expenditure increase and N3 trillion recurrent expenditure for the newly proposed national minimum wage transmitted by Mr President for accelerated consideration.
The Minister further disclosed that the proposed budget was aimed at providing counterpart funding for rail projects that have literally stopped in the last year, including the longest among them - Port Harcourt Main Bridge, which will traverse Rivers, Imo, Enugu, Ebonyi, Anambra, Benue, Nasarawa, Plateau, Katsina, Bauchi, Gombe, Yobe, and other parts of the country. Equally, the second project is Badagry -Tin Can Port, Lekki Port...
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