N1.5tn Spent On Capital Projects In 2017 – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said more than N1.5tn was spent on capital infrastructure in 2017.

Adeosun, who stated this on Sunday, said the Federal Government’s debt management strategy was yielding the desired result.

“I’m pleased to note that we’re going to close the 2017 budget with capital spending in excess of N1.5tn, which is higher than what we achieved in the 2016 budget. We’re also looking forward to the passage of the 2018 budget by the National Assembly.

The minister noted that more than five million new taxpayers were added to the nation’s tax base in the last two years.