• About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, February 26, 2021
Daily Concord News
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    2020 Budget: Senate approves N11.35bn for Police Trust Fund

    Senate confirms Ex-Service Chiefs as Ambassadors-Designate 

    Senate confirms Ex-Service Chiefs as Ambassadors-Designate 

    Virtual Assets, Cryptocurrencies Risky for Nigeria – ICPC Boss

    Virtual Assets, Cryptocurrencies Risky for Nigeria – ICPC Boss

    President Buhari Sends Condolences To NAF, Families of Victims of Military Plane Crash

    President Buhari Sends Condolences To NAF, Families of Victims of Military Plane Crash

    Billiri Chieftaincy Tussle: President Buhari Condemns Violence, Calls For Maximum Restraint To Avoid Escalation

    Trending Tags

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

      Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

    • Tech
      • All
      • Startup

      What You Need To Know About Buhari’s Historic Solar Power Project For Five Million Households

      Knowledge on Demand: How EdTech Makes Learning Easier, Faster and Safer

      Nurturing Nigeria’s Digital Economy By Salisu Na’inna Dambatta

      Artificial Intelligence Cannot End Privacy: What Technologists Need To Understand

      How The Buhari Administration Is Taking Technological Revolution Serious

      BAYELSA/KOGI ELECTION RESULTS: PDP Should Accept Defeat with Grace

      Trending Tags

    • Lifestyle
      • All
      • Food
      • Health
      Abuja Global Shapers Hub Pay A Velentine Day Visit To Kubwa General Hospital

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

      A NEW NIGERIA IS COPIED: Men Don’t Cry, But I Cried!

      The Food Matter By Salisu Dambatta

      Food Prices: Roots and Tubers To The Rescue

      Food Prices: Roots and Tubers To The Rescue

      Farmers/Herders Relationship: Gov Ganduje Inaugurates Stock Routes Demarcation Committee

      Survival Strategies of Families during the Pandemic Lockdown

      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
    22
    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.

    Advertisements

    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.

    Advertisements
    Tags: BMOBuhariinfrastructure
    SendShare7Tweet4Share1Send
    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

    • 529 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
    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    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
    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    February 24, 2021

    2020 Budget: Senate approves N11.35bn for Police Trust Fund

    February 24, 2021
    Senate confirms Ex-Service Chiefs as Ambassadors-Designate 

    Senate confirms Ex-Service Chiefs as Ambassadors-Designate 

    February 23, 2021
    Virtual Assets, Cryptocurrencies Risky for Nigeria – ICPC Boss

    Virtual Assets, Cryptocurrencies Risky for Nigeria – ICPC Boss

    February 23, 2021

    Recent News

    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    February 24, 2021
    16

    2020 Budget: Senate approves N11.35bn for Police Trust Fund

    February 24, 2021
    16
    Senate confirms Ex-Service Chiefs as Ambassadors-Designate 

    Senate confirms Ex-Service Chiefs as Ambassadors-Designate 

    February 23, 2021
    15
    Virtual Assets, Cryptocurrencies Risky for Nigeria – ICPC Boss

    Virtual Assets, Cryptocurrencies Risky for Nigeria – ICPC Boss

    February 23, 2021
    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
    • 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

    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    Attack on Abayi Police Station: Police Neutralise Four Attackers, Arrest Eight, Recover Arms and Ammunition

    February 24, 2021

    2020 Budget: Senate approves N11.35bn for Police Trust Fund

    February 24, 2021
    • 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