Abuja - The Federal Government on Thursday released the sum of N200bn to its Ministries, Departments and Agencies for the implementation of the second quarter capital projects contained in the 2014 budget.
The development was confirmed by the Minister of Finance, Dr. Ngozi Okonjo-Iweala, through a statement issued by her Special Adviser on Communications, Paul Nwabuikwu.
The two-paragraph statement said the fresh amount released had brought the total capital releases for the first and second quarters of this year to N400bn.
The statement read, “The Federal Ministry of Finance has released the sum of N200bn for capital projects for the second quarter of the year.
“This brings the total capital releases for the first two quarters of 2014 to N400bn.”
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