The federal government is set to release the first tranche of capital release of 350 billion to ministries, departments and agencies of government for implementation of the 2017 budget.

The Minister of Finance, Mrs Kemi Adeosun disclosed this during a public presentation of the 2017 budget in Abuja.

She said the ministry was ready to make the release as soon as the budget is uploaded, adding that a cash plan meeting would soon be held where the funds would be released to the MDAs.

The 2017 budget of 7.4 trillion naira was signed last week by Acting President Yemi Osinbajo into law.

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