The Federal Government has released an additional 350 billion naira for capital projects in the 2016 budget.
This allocation follows the 420 billion Naira initial disbursement in May and brings capital votes so far released to 770 billion naira .
Finance minister Kemi Adeosun says the country will also raise 1 billion dollars from Eurobonds by December to ease the recession.
She adds that 60 billion naira of monies released has been cash backed to fund the social intervention programme of the federal government.
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The minister also says, government has approved borrowing from the African Development Bank, China, Japan and the World Bank to reflate the economy.
