A FLEET of new exotic cars is on the way for the Presidency. The BMW salon cars for principal officers are likley to cost N3,630,000,000, going by the 2016 budget for the Presidency. The number of the cars is not specified., The Nation report. Besides, N189.1m is voted for tyres for various vehicles, including the […]
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The Peoples Democratic Party (PDP) has said that the N6.08 trillion budget proposal for 2016 by the Federal Government, may throw the country into severe economic recession, like in the case of Greece. The party said with the proposed N1.8trillion borrowing to fund the budget, the country would be borrowing N5 billion per day from […]
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President Muhammadu Buhari and Vice-President Yemi Osinbajo are to spend N2.2bn on travels and transport, foodstuffs and catering materials, refreshment and meals as well as honorarium and sitting allowances in the 2016 fiscal year. Details of this spending are contained in the 2016 budget of N6.08tn, which the President submitted to a joint session of […]
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President Muhammadu Buhari has explained that despite the fall in the international price of crude oil, measures taken to block leakages in the nation’s revenue generating agencies would ensure enough cash to fund the N6 trillion budget he recently submitted to the National Assembly. The president gave the explanation in an interview with Mansur Liman […]
Read More The President of the Senate, Bukola Saraki, assured the executive arm of government and all Nigerians that the two chambers of the National Assembly would ensure speedy passage of the 2016 Budget which President Muhammadu Buhari presented on Tuesday. Saraki, who joined a delegation of residents of the Federal Capital Territory to pay Christmas homage […]
Read More Nigeria may be in for harder times than previously envisaged as the International Monetary Fund has predicted that crude oil prices may slump to as low as $20 per barrel in 2016. In the ‘IMF Executive Board Concludes 2015 Article IV Consultation with Iran’ report, the body highlighted that the price of crude oil could […]
Read More THE All Progressives Congress (APC) has assured Nigerians that the President Muhammadu Buhari administration will actualise its promises made to the citizens during the presidential campaign, beginning with the 2016 budget. APC National Chairman Chief John Odigie-Oyegun, who said this while reacting to the 2016 budget presentation by the President, said the administration’s pro-people policies […]
Read More The Peoples Democratic Party has described the N6.8tn 2016 federal budget presented by President Muhammadu Buhari on Tuesday as a big fraud. It also described it as an executive conspiracy which it said was tailored towards mortgaging the future of the nation. The party, which was in power for 16 years before it was defeated […]
Read More 2016 Budget Speech: “The Budget of Change” Delivered By: His Excellency, Muhammadu Buhari President, Federal Republic of Nigeria To A Joint Session of the National Assembly (on December 22, 2016) PROTOCOLS I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session of the National Assembly. […]
Read More Ambode announced the commencement of the “A-Meal-a-Day” programme in public primary schools, when he presented the 2016 “Peoples budget” plan to the House of Assembly yesterday. Presenting a budget proposal of N662.58 billion, the governor said funding of the programme will be done in collaboration with the Federal Government, which will provide 60 per cent […]
Read More Governor Akinwunmi Ambode of Lagos State on Thursday presented a 2016 budget proposal of N662.58 billion to the Lagos State House of Assembly for approval. Ambode, who tagged the budget “The People’s Budget”, said that it would promote massive investment in security, transport/traffic management, physical and social infrastructural development as well as enhance job creation. […]
Read More President Muhammadu Buhari on today write to the National Assembly, seeking permission to present the 2016 Appropriation Bill to a joint session of the Senate and House Representatives on December 22. The Chairman, Senate Committee on Media and Public Affairs, Senator Aliyu Sabi, disclosed this while briefing reporters in Abuja. Sabi said the Senate considered […]
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