The Minister of Budget and National Planning, Senator Udo Udoma, has announced plans to commence the release of funds for capital expenditure beginning from Friday for the implementation of the 2016 budget.
Udoma disclosed this during the 2016 budget breakdown in Abuja.
He said that the budget would run until the end of May 2017.
He added that there were plans by the Federal Government to ensure that the 2017 budget was passed before December 31.
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Meanwhile, the Minister of State for Budget and National Planning, Ms Zainab Ahmed, explained that there was a N500 billion appropriation for special interventions targeted at improving the lives of Nigerians at all levels.
