2018 Budget: FG To Politicizes Manufacturing Sector With N46bn 

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The Federal Government is planning to spend a total of N46.39bn this year 2018 on the construction of special economic zones for the manufacturing sector in all the six geo-political zones in the country.

The amount is part of the 2018 proposed budget sent to a joint session of the National Assembly by President Muhammadu Buhari last year.

The 2018 budget has a total allocation of N8.61tn made up of N3.49tn recurrent expenditure, N2.43tn capital vote while debt servicing and statutory transfers, among others, will gulp the sum of N2.01tn and N456bn, respectively.

An analysis of the fiscal document, which is still being considered by the lawmakers, showed that the amount is targeted at driving the manufacturing and exportation of Nigerian products.

Based on the budget document, the amount would cover the completion and upgrade of Calabar and Kano Free Trade Zones, it was gathered

 


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