• About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 14, 2022
Daily Concord News
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    FIRS Powers To Recover Taxes Unremitted From States, LGAs Are In Order — Group

    Osun 2022: Bankole Urges INEC To Guarantee Inclusion Of PWDs On Election Day

    Osun 2022: Bankole Urges INEC To Guarantee Inclusion Of PWDs On Election Day

    Why Peter Obi Is The Most Fact-Checked Politician

    Why Peter Obi Is The Most Fact-Checked Politician

    Ekiti Election

    EKITI ELECTION: Another Buhari Legacy On Credible Polls – BMO

    FIRS To Commence Recovery of Unremitted Tax Deductions By States, Local Governments

    Trending Tags

    • Politics
    • Business
    • Sports
    • Entertainment
      • All
      • Gaming

      Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

    • Tech
      • All
      • Startup

      DG NITDA Urges Computer Sciences Students to Drive ICT Innovation

      How To Apply For Bridge To MassChallenge Nigeria 2021

      How To Apply For Bridge To MassChallenge Nigeria 2021

      DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

      DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

      Digital Economy: NITDA Assures e-Business Industry Heads Of Public Private Partnership

      Digital Economy: NITDA Assures e-Business Industry Heads Of Public Private Partnership

      Digital Nigeria 2021

      Call For Abstracts: Digital Nigeria 2021

      5G Network Crucial To 4th Industrial Revolution – DG NITDA

      Literacy Day: FG To Train 6000 Nigerians On Digital Skills In 11 States

      Trending Tags

    • Lifestyle
      • All
      • Culture
      • Food
      • Health
      At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

      At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

      Femi Odekunle; The Pains That Won’t Go! By Haruspice

      Femi Odekunle; The Pains That Won’t Go! By Haruspice

      The Unifying Factor of Culture

      Examining Arts as a Unifying Elements

      The Unifying Factor of Culture

      The Unifying Factor of Culture

      Senate President Greets Asiwaju Bola Tinubu @69

      Senate President Greets Asiwaju Bola Tinubu @69

      Abuja Global Shapers Hub Pay A Velentine Day Visit To Kubwa General Hospital

      GIVE A GIFT – The Abuja Global Shapers Valentine’s Edition

      Trending Tags

    • Opinion
    No Result
    View All Result
    Daily Concord News
    No Result
    View All Result
    Home News local

    Early Release of Funds For Capital Projects Will Boost Investors’ Confidence – BMO

    March 17, 2020
    in local, News
    2 min read
    0
    21
    SHARES
    27
    VIEWS
    Share on WhatsAppShare Share

    The Buhari Media Organisation (BMO) has commended President Muhammadu Buhari’s administration for the early release of funds for capital projects and for commencing effective deliveries of the schedule of implementation of the 2020 January- December budget cycle from the first quarter, as promised.

    Minister of Finance, Budget and National Planning, Zainab Ahmed, confirmed the release of the sum of N285 billion for 2020 capital projects and counterpart funding of $220 million (N67.3 billion, at official rate) to the China EXIM Bank for railway projects.

    Commending the Federal Government’s efforts to deliver on critical infrastructural projects before the end of the year, BMO in a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke, said the early release of funds, to a large extent, sends positive signals to both domestic and foreign investors on the seriousness of the government to boost economic growth.

    “This will also have the capacity to pragmatically stimulate economic activities and capital inflow into the system.

    “This is the first time in 16 years that the Federal Government has commenced the implementation of the annual budget from the first month.

    “This will recalibrate the Nigerian economic threshold, it also shows the fiscal discipline capacity of the government even when confronted by global headwinds like coronavirus disease.

    “Injection of funds for capital projects into the system at a time like this will save the economic situation, as it were, thereby increasing economic activities, boosting consumer household demand and this would help to sustain economic activities in the country.

    “It will also help in boosting both domestic and foreign investors’ confidence in carrying large investments, whether as a direct or portfolio investors”.

    According to the pro-Buhari group, the $220 million counterpart funding for rail system is a welcome development, “it is a contribution to the railway revolution and we are certain of a truly economic growth with the commencement of this, for it will serve as a basis for GDP growth.

    “The injection of funds for critical capital projects will engender a multiplier effect vis-a-vis job creation, address some social ills among the youths through engagement in meaningful economic activities, as well as eliminate crime within the society and among the teeming youth”, the statement added.

    Tags: BMOBuhariinfrastructure
    SendShare8Tweet5Share1Send
    Previous Post

    COVID-19 AND THE ECONOMY: We’ll Explore All Alternatives to Protect Our People - President Buhari

    Next Post

    Ismaeel At 40: Many Things To Many People, Friend And Brother To All

    Next Post

    Ismaeel At 40: Many Things To Many People, Friend And Brother To All

    Stay Connected test

    • 517 Fans
    • 13 Followers
    • Trending
    • Comments
    • Latest

    How Atiku’s Lawyer’s Travelled To Cambridge To Confirm Buhari’s Certificate – And The Disappointment That Followed

    September 6, 2019

    Vanguard Apologizes To Professor Osinbajo Over Fake News, Retracts Story

    September 25, 2019

    I Will Waive my Constitutional Immunity to Clear my Name – Osinbajo

    September 25, 2019

    N90bn scandal: Stop Threatening Media Houses, Sue me, Frank tells Osinbajo

    September 25, 2019
    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    0
    Nigeria

    Lest We Forget: Security Issues in Nigeria from 1999 to Date!

    0
    Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

    Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

    0
    Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

    Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

    0
    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    August 9, 2022

    Post-VAIDS: JTB, FIRS Commences Full Scale Enforcement On Defaulters

    July 12, 2022
    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    July 7, 2022
    Benfica Vice Presidents Applaud Sports Minister Sunday Dare’s Ideas

    Benfica Vice Presidents Applaud Sports Minister Sunday Dare’s Ideas

    July 3, 2022

    Recent News

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    August 9, 2022
    16

    Post-VAIDS: JTB, FIRS Commences Full Scale Enforcement On Defaulters

    July 12, 2022
    17
    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    July 7, 2022
    16
    Benfica Vice Presidents Applaud Sports Minister Sunday Dare’s Ideas

    Benfica Vice Presidents Applaud Sports Minister Sunday Dare’s Ideas

    July 3, 2022
    16
    Daily Concord News

    Bringing the most intriguing News from around the world you everyone in a positive way

    Follow Us

    Browse by Category

    • Africa
    • Basketball
    • Business
    • Culture
    • Economy
    • Education
    • Food
    • Football
    • Foreign Affairs
    • Gaming
    • Health
    • Health
    • Interviews
    • Lifestyle
    • local
    • News
    • Nigeria
    • Opinion
    • Politics
    • Science
    • Security
    • Sports
    • Startup
    • Tech
    • Uncategorized
    • World

    Recent News

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    August 9, 2022

    Post-VAIDS: JTB, FIRS Commences Full Scale Enforcement On Defaulters

    July 12, 2022
    • About
    • Advertise
    • Privacy & Policy
    • Contact

    © 2019

    No Result
    View All Result
    • Home
    • News
    • Politics
    • Business
    • Sports
    • Entertainment
    • Tech
    • Lifestyle
    • Opinion

    © 2019

    Go to mobile version