{"id":77436,"date":"2025-10-25T09:58:26","date_gmt":"2025-10-25T09:58:26","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=77436"},"modified":"2025-10-25T09:58:26","modified_gmt":"2025-10-25T09:58:26","slug":"mdas-got-n5-81tn-for-capital-projects-in-2024-budget-office","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/10\/25\/mdas-got-n5-81tn-for-capital-projects-in-2024-budget-office\/","title":{"rendered":"MDAs Got N5.81tn for Capital Projects in 2024 -Budget Office"},"content":{"rendered":"<p><strong>By Merciful Omoba<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Federal Government Ministries, Departments, and Agencies (MDAs), received a total of N5.81 trillion for capital projects in 2024, with 81.9% of the amount utilised, according to the latest Budget Implementation Report by the Budget Office of the Federation.<\/p>\n<p>The report said the high utilisation rate reflects improved project execution despite fiscal pressures and revenue shortfalls.<\/p>\n<p>It also showed that government revenue rose by 68.1% to N20.98 trillion in 2024, up from N12.48 trillion in 2023, but still 18.9% below the N25.87 trillion target in the Appropriation Act.<\/p>\n<p>Oil revenue underperformed at N15.07 trillion, while non-oil revenue exceeded projections at N16.09 trillion, driven by gains in company income tax, VAT, customs duties, and electronic money transfer levies.<\/p>\n<p>The government recorded total expenditure of N27.47 trillion, debt service of N11.03 trillion, and a fiscal deficit of N9.18 trillion financed through domestic borrowing.<\/p>\n<p>The Budget Office noted that ongoing reforms, particularly in the non-oil and solid minerals sectors, boosted revenue performance and underscored efforts to diversify Nigeria\u2019s income base.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Merciful Omoba &nbsp; Federal Government Ministries, Departments, and Agencies (MDAs), received a total of N5.81 trillion for capital projects in 2024, with 81.9% of the amount utilised, according to the latest Budget Implementation Report by the Budget Office of the Federation. The report said the high utilisation rate reflects improved project execution despite fiscal [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":77437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1756,172],"tags":[],"class_list":["post-77436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/77436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=77436"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/77436\/revisions"}],"predecessor-version":[{"id":77438,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/77436\/revisions\/77438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/77437"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=77436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=77436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=77436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}