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Tuesday, July 5, 2022

BUDGET IMPLEMENTATION:FG MAY EXTEND SOME CAPITAL PROJECTs TILL 2022

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The Federal Government may extend the implementation of capital projects components in the 2021 Appropriation Act till next year following the inability of many ministries and agencies to conclude their procurement process until the last quarter of this year.
Many heads of the MDAs who appeared before the various Senate standing committees for their 2021 budget performances, blamed their inability to execute their capital projects on the outright ban placed on the procurement process from January to May 31.
Specifically, the Minister of Works and Housing, Babatunde Fashola, told the Senate Committee on the Federal Roads Maintenance Agency that the Federal Government issued a circular to delay the implementation of capital components in the 2021 budget till May 31, this year.

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