The Federal Ministry of Finance has clarified that capital projects across the country are still being implemented despite concerns over low capital releases to ministries, departments and agencies (MDAs).
In a statement issued in Abuja on Sunday, the ministry stated that while budget execution rates for some MDAs may appear low, capital project implementation has not been abandoned.
The clarification is coming against the backdrop of public concerns over low releases to MDAs amidst the multiplicity of budgets being implemented. Dailly Trust reports that the 2024 and 2025 budgets are still being implemented while the 2026 budget implementation is still being awaited.
However, the ministry while providing updates on the budget performance explained that available data shows that government capital spending remains substantial despite fiscal pressures.
“It said total capital expenditure in 2024 reached N11.59 trillion, representing about 84 percent performance of the capital budget. Provisional figures for 2025, as of November, show capital spending of approximately N11.7 trillion, translating to around 76 per cent performance.
“These figures demonstrate that capital projects are ongoing and execution continues. The financing mix differs, but implementation has not been abandoned,” the ministry stated
