FG releases N200bn for Q2 capital projects

The Federal Government on Thursday released the sum of N200bn to its Ministries, Departments and Agencies for the implementation of the second quarter capital projects contained in the 2014 budget.

The development was confirmed by the Minister of Finance, Dr. Ngozi Okonjo-Iweala, through a statement issued by her Special Adviser on Communications, Mr. Paul Nwabuikwu.

The two-paragraph statement said the fresh amount released had brought the total capital releases for the first and second quarters of this year to N400bn.

The statement read, “The Federal Ministry of Finance has released the sum of N200bn for capital projects for the second quarter of the year.

“This brings the total capital releases for the first two quarters of 2014 to N400bn.”

The Senate had on April 9 passed the budget, raising the amount in the fiscal document from the N4.642tn submitted by President Goodluck Jonathan to the National Assembly on December 19, 2013, to N4.695tn.

Highlights of the budget as passed by the upper chamber of the National Assembly and signed by Jonathan are: statutory transfers, N408.68bn; debt servicing, N712bn; recurrent expenditure, N2.454tn; and capital expenditure, N1.119tn.

The lawmakers had tinkered with the original provision of the budget, raising the recurrent expenditure from the original N2.43tn submitted by the executive to N2.454tn.

They also raised the capital expenditure to N1.119tn from the N1.10tn earlier proposed.

On the focus of the 2014 budget, Okonjo-Iweala had stated that many policies that would drive economic growth would be implemented in various sectors of the economy.

Some of these are the housing policy, which will be implemented by the Nigeria Mortgage Refinancing Company; the sugar policy and the automotive policy.

For instance, the minister said that beginning from next month, about 10,000 people would begin to benefit from the mass housing scheme of the Federal Government.

For agriculture, aviation and solid minerals sectors, she said they would get massive support through incentives in the area of equipment to boost their contributions to Gross Domestic Product.

[Punch]

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3 Comments

1. 

   Nigeria Custom service

   June 21, 2014 at 1:21 pm

   THE SAMUEL MOROHUMOBO MOTORS COMPINIG AUCTION!! AUCTION!!!
   { SAMUEL MOROHUMOBO} AUCTIONAL AUTHORIZED
   CAR
   AUCTIONS/SALES)
   WE HAVE DIRECT TOKUNBO CARS VERY CLEAN AND
   BRAND
   NEW CARS FOR SALE AT CHEAPER PRICES.
   These cars were siezed by government officials at
   border
   and the
   time duration given to the owners to claim their cars
   has
   elapsed so
   they are been sold at give away prices. All you need do
   is
   to call The Custom Officer In Charge
   Name:PASTOR SAMUEL contact ON:+2348143591956 place An Order Of Your Choice Now.We deal in all
   cars,
   you
   can also make a request for the
   vehicle you want to purchase and also your budget for
   any
   vehicle,
   we deliver all over the 36 States in Nigeria
   place an order of your choice.FEATURES BELOW
   Acura MDX # 800,000
   Acura TL # 900,000
   Acura ZDX # 900,000
   Audi A4 # 500,000
   Audi A6 # 700,000
   BMW 3-Series # 750,000
   BMW 5-Series # 950,000
   BMW X5 # 990,000
   BMW X6 # 1.5M
   Ford Escape # 1.2M
   Ford Explorer # 1M
   Honda Accord # 850,000
   Honda City # 500,000
   Honda Civic # 500,000
   Honda Crosstour # 1.5M
   Honda CR-V # 950,000
   Honda Odyssey # 950,000
   Honda Pilot # 1.8M
   Hyundai Accent # 550,000
   Hyundai Elantra # 450,000
   Infiniti FX35 # 2.6M
   Infiniti FX45 # 3M
   Infiniti QX4 # 3.4M
   Isuzu Trooper # 750,000
   Jaguar S-Type # 450,000
   Jeep Liberty # 1.3M
   Kia Sorento # 550,000
   Land Rover Discovery # 1.6M
   Land Rover Freelander # 1.3M
   Land Rover LR3 # 850,000
   Land Rover LR4 # 800,000
   Land Rover Range Rover # 2M
   Land Rover # 1.5M
   Range Rover Sport # 2.6M
   Land Rover Vogue # 1.3M
   Lexus GS # 1M
   Lexus GX460 # 950,000
   Lexus GX470 #1 000,000
   Lexus LX 570 # 750,000
   Lexus RX 300 # 650,000
   Lexus RX 330 # 750,000
   Lexus RX 350 # 850,000
   Mazda 6 # 550,000
   Mazda 626 # 650,000
   Mazda MPV # 650,000
   Mazda Tribute # 950,000
   Mercedes-Benz C-Class # 650,000
   Mercedes-Benz E-Class # 750,000
   Mercedes-Benz G-Class # 550,000
   Mercedes-Benz GLK # 350,000
   Mercedes-Benz ML # 300,000
   Mitsubishi Endeavour # 350,000
   Nissan Altima # 450,000
   Nissan Armada # 850,000
   Nissan Maxima #750,000
   Nissan Murano # 900,000
   Nissan Pathfinder # 700,000
   Nissan Primera # 400,000
   Nissan Quest # 800,000
   Nissan Sentra # 650,000
   Nissan Xterra # 550,000
   Peugeot 406 # 430,000
   Peugeot 407 # 500,000
   Peugeot 607 # 650,000
   Toyota 4Runner # 850,000
   Toyota Avalon # 700,000
   Toyota Avensis # 750,000
   Toyota Camry # 550,000 – # 1M
   Toyota Corolla # 550,000
   Toyota FJ Cruiser # 750,000
   Toyota Hiace # 1.5M
   Toyota Highlander # 1.5M
   Toyota HiLux # 900,000
   Toyota Matrix # 750,000
   Toyota Prado # 2M
   Toyota Rav4 # 700,000
   Toyota Sequoia # 450,000
   Toyota Sienna # 650,000
   Toyota Tacoma # 800,000
   Toyota Tundra # 900,000
   Toyota Venza # 700,000
   Toyota Yaris # 550,000
   Volkswagen Beetle # 400,000
   Volkswagen Golf # 350,000
   Volkswagen Jetta # 400,000
   Volkswagen Passat # 550,000
   Volkswagen Touareg # 900,000
   And also several trucks like MAN, MACK, VOLVO,
   MERCEDES etc
   LEATHER AND FABRIC INTERIOR, CHILLING AC, ALLOY
   WHEELS.
   INTERESTED BUYERS SOULD PLEASE CONTACT US FOR
   PURCHASE AND IMMEDIATE
   DELIVERY NATIONWIDE.
   CONTACT{PASTOR TUNDE OLU. ON 0092348038547919 INQUIRIES.THESE CARS ARE NOW AVAILABLE FOR INDIVIDUALS & DEALERS IN THE AUCTION SAMUEL MOROHUMOBO MOTOR
   2014. INTERESTED BUYERS SHOULD for PURCHASE AND
   MORE INQUIRY.

   FOR DEALERSHIP:-
   All new dealers should come with :-
   1. A valid international passport
   2. Certificate of incorporation of company
   3. A bank teller of #150,000 for the dealership certificates
   4. A well filled CUSTOM ORDER FORM
   5. Original certificate and a good resume
   6. Age declaration/Birth certificate
   7. Local/State govt of origin

   FOR INDIVIDUALS

   YOU ARE TO SCAN AND COME WITH A COPY OF :- 1. Your valid international
   passport, drivers license or National ID card. 2. A teller of #100,000 for the ware house warrant card and insurance duty
   3. A well filled CUSTOM
   ORDER FORM.
   4. A passport photograph for the warrant card.
   5. Age declaration/Birth certificate
   6. Local/State govt of origin.

   FOR BUYERS THAT CANNOT MAKE IT DOWN TO THE OFFICE

   You are to send a scan copy of:-
   1. Your valid international passport, drivers license or national ID card
   2. bank teller of the money of 80,000. For wearhouse warrant fees.
   3. A filled CUSTOMORDER FORM.
   4. A passport photograph for the warrant card.
   5. Age declaration/Birth certificate
   6. Local/State govt of origin For the
   registration of the car.
   Note: No buyer should come with money to the office
   for security reasons.

   CAR FEATURES BELOW

   PRICES OF SOME TOYOTA CARS:
   • Toyota Land Cruiser -N850,000
   • Toyota Prado N950,000
   • Toyota Highlander -N800,000
   • Toyota Corolla –N400,000
   • Toyota Camry –N300,000-N570,000
   • Toyota Avensis – N400,000-N600,000
   • Toyota Matrix -N450,000
   • Toyota Yaris – N450,000
   • Toyota Venza – N700,000
   • Toyota RAV4 SUV –N600,000
   • Toyota Hilus Pickup-N820,000
   • Toyota Dyna Truck – N900,000
   • Toyota Hiace Bus – N550,000
   • Toyota Coaster Bus 32 seaters N1,000,000

   PRICES OF SOME PEUGEOT CARS:
   •Peugeot c230 N400,000
   •C300 N500,000
   •Peugeot 606- N500,000
   •Peugeot 407-N400,000
   •Peugeot 406- N350,00
   •Peugeot 405- N300,000

   PRICES OF SOME HONDA CARS
   •Honda Civic cars – N350,000
   •Honda Accord – N400,000
   •Honda CR-V – N520,000
   •Honda Odyssey – N620,000
   •Honda Pilot – N750,000

   PRICES OF SOME NISSAN CARS:
   • Nissan Murano -N800,000
   • Nissan Xterra jeep – N500,000
   • Nissan Sunny sedanN350,000
   • Nissan Patrol SUV – N500,000
   • Nissan Civilian 30 seater bus – N900,000
   • Nissan Pathfinder SUV – N700,000
   and lots more.

   PRICES OF SOME ROVER CARS:
   • Range Rover – N1million
   • Rover 630i – N350,000
   • Rover 620i – N300,000

   PRICES OF SOME INFINITI CARS:
   • Infiniti QX57 – N850,000
   • Infiniti QX56 -N820,000
   • Infiniti FX45 -N800,000
   • Infiniti FX35 -N750,000

   MODEL/YEAR OF MANUFACTURE……….1996 t0 2010
   INTERIOR…………………….LEATHER AND FABRIC AC……….CHILLING
   FACTORY AC WHEEL…………………..GOOD TYRE, ALLOY WHEEL ASKING
   PRICE………………Rangingfrom #300,000 to #700,000.00 SELLER COMMENT-
   The car performs well, non accident, non salvaged, clean titled confirmed.

   CONTACT: PASTOR TUNDE OLU ON +2348038547919
   NOTE:-NO BUYER SHOULD COME DOWN
   WITH MONEY TO THE OFFICE FOR SECURITY REASONS.
   ALL MONEY PAID IS REFUNDABLE.
2. 

   Blessing

   June 21, 2014 at 2:12 pm

   This is a good development. Good to know that the government is committed to strengthening the economy.
3. 

   Bose Hakeem

   June 21, 2014 at 6:02 pm

   Welcome to the Website of the Nigeria Customs Service. We sincerely
   hope that the global trading community, travellers and other
   stakeholders will find the information provided through this medium
   useful and timely.

   Dynamics of Technology have changed the conduct and scope of
   international trade. As a critical actor in the unfolding development,
   Customs can not afford to be indifferent. Information dissemination
   about Customs Operations is therefore considered very vital to trade
   facilitation in a world that is becoming increasingly technologically –
   driven.

   This website project is therefore in realization of our conscious
   role as trade facilitators and principal enforcers of government’s
   fiscal policies.

   As products of Government Reforms Programme, we have accepted the
   onerous challenge of responsive and efficient service delivery in a
   transparent environment. To achieve this, we have in place a management
   team that is focused and determined to lead Customs into a new dawn.

   We hope that all our stakeholders will find this website a useful
   guide and reference. CUSTOM IMPOUNDED CARS FOR SALES AT CHEAPER AND

   AFFORDABLE PRICE,

   INTERESTED BUYERS SHOULD PLEASE CONTACT OUR

   ZONAL OFFICE ON CUSTOM AKINDELE FEMI ON

   (08109287034) Immediately

   E.G. GOLF2,3,4,5 FROM N200,000-N400,000.

   toyota camry BIG DADDY =N450,000.

   HONDA ACCORD BABY BOY =N400,000.

   toyota MATRIX =N500,000.

   toyota PRADO =N600,000.

   toyota HIACE BUS =N450,000.

   toyota AVALON =N400,000

   toyota COROLLA =N400,000.

   MAZDA =N350,000

   END OF DISCUSSION =N450,000

   HONDA EVIL SPIRIT =N400,000

   toyota camry 2.2 T.L =N230,000

   toyota AVENSIS =N400,000

   toyota RAV4 =N450,000

   toyota SEINNA =N400,000

   toyota HIGHLANDER =N550,000

   NISSAN MURANO =N500,000

   NISSAN PATHFINDER =N500,000

   INFINITY JEEP FX 35 =N500,000

   & FX 45 =N550,000

   MERCEDES BENZ ML350 =N400,000

   VOLVO =N500,000

   HONDA HYBRID =N450,000

   HONDA ELEMENT =N400,000

   RANGE ROVER SPORT =N1.2M

   ROVER =N350,000

   PEUGEOT 406 =N300,000

   LEXUS JEEP =N450,000

   ACURA =N400,000

   BMW =N350,000

   toyota DYNA TRUCK =N700,000

   toyota HILUX =N750,000

   NISSAN PETROL SUV =N450,000

   toyota COASTER BUS =N800,000

   AUDI Q7 =N300,000

   PEUGEOT C300 =N350,000

   H.P LAPTOPS FOR SALES @ CHEAPER PRICE AND MANY

   MORE EXCLUSIVE

   OFFERS CONTACT THE AUCTION OFFICE. on custom

   Akindele Femi via 08109287034