- September 27, 2017
- Posted by: Godwin Elijah
- Category: National News
Senate has summoned the Ministers of Finance, Kemi Adeosun and her counterpart in the Ministry of Budget and National Planning, Senator Udo Udoma to explain why the Capital component of the 2017 Budget has not been adequately funded.
This followed one of the prayers in the motion sponsored by the Senator representing Lagos East, Senator Gbenga Ashafa, captioned
’Inadequate releases in the 2017 budget and the need to expedite releases in order to stimulate the Economy’.
While moving the motion, Ashafa cautioned that inadequate releases from the Federal government to Ministries, Departments and Agencies to finance their capital projects might return the country to recession.