The Federal Government on Sunday said its capital expenditure for 2017 budget was in excess of N1.5 trillion.
Minister of Finance, Kemi Adeosun, who disclosed this on her official Twitter handle, @HMKemiAdeosun, noted that the figure “is higher than what we achieved in the 2016 budget.”
The 2016 capital spending was in excess of N1 trillion.
“I’m pleased to note that we’re going to close the 2017 budget with capital spending in excess of N1.5 trillion, which is higher than what we achieved in the 2016 budget. We’re also looking forward to the passage of the 2018 budget by @nassnigeria (National Assembly,” she tweeted.
I’m pleased to note that we’re going to close the 2017 budget with capital spending in excess of N1.5 Trillion, which is higher than what we achieved in the 2016 budget. We’re also looking forward to the passage of the 2018 budget by @nassnigeria.
— Kemi Adeosun (@HMKemiAdeosun) May 13, 2018
Reiterating her call on the need to diversify the country’s revenue base, the minister commended the revenue agencies for adding more than five million new taxpayers to the country’s tax base in the last two years.
“More than five million new taxpayers added to #Nigeria’s tax base in the last two years. @firsNigeria and other Tax Authorities (at State level) are doing a great deal of work on expanding the tax base and enforcement of tax payment. We must diversify our revenue base,” she tweeted.
More than 5 million new taxpayers added to #Nigeria’s tax base in the last two years. @firsNigeria and other Tax Authorities (at State level) are doing a great deal of work on expanding the tax base and enforcement of tax payment. We must diversify our revenue base!
— Kemi Adeosun (@HMKemiAdeosun) May 13, 2018
