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FEC Directs MDAs To Fast Track Capital Budgets

The Federal Executive Council (FEC) has directed all Ministries, Departments and Agencies (MDAs) to fast track the processes for their capital budgets so that the … Continue reading FEC Directs MDAs To Fast Track Capital Budgets


FECThe Federal Executive Council (FEC) has directed all Ministries, Departments and Agencies (MDAs) to fast track the processes for their capital budgets so that the economy can be quickly reflected.

Minister of Budget and National Planning, Mr Udo Udoma, said this while briefing State House correspondents at the end of the Federal Executive Council meeting presided over by Vice President Yomi Osinbajo.

Senator Udo Udoma while answering a question on the N350 billion, which the federal government promised to inject into the economy at the inception of this administration, said the money is available but there is a process that needs to be followed by the MDAs before the release of the fund.

According to the minister existing projects will receive more attention since they have undergone the procurement process.