The Federal Executive Council has approved the draft of the 2018 budget proposal.
This was announced on Thursday by the Minister of Budget and National Planning, Udo Udoma, after the FEC meeting in Abuja, the nation’s capital.
Briefing State House correspondents on the outcomes of the meeting, Udoma said a date would be fixed in liaison with the National Assembly for President Muhammadu Buhari to submit the draft documents.
Meanwhile, the Minister of Finance, Mrs Kemi Adeosun, informed that N450billion capital has so far been released from the 2017 budget.
The Council also approved a 14-kilometre 330KVA electricity transmission line at a cost of N796.6m.