The House of Representatives has adopted the recommendation of its Committee on Loans, Aids and Debt Management pegging $7.3 billion as the External Borrowing Plan under the 2013-2015 Medium Term Expenditure Framework and Fiscal Strategy (MTEFFS). Also...
The Inspector General of Police,IGP, Mohammed Abubakar, has resolved to overhaul the Mobile Police Force in what he termed “an attempt to restore the lost glory of the mobile unit of the force”. Abubakar made this disclosure yesterday durin...
Barcelona has announced on its official website that it has reached an agreement with Xavi and Carles Puyol over a contract extension until the summer of 2016, while Lionel Messi will stay with the club until 2018. The deals will be penned in the comin...
Super Eagles defender, Godfrey Oboabona has said the domestic players are ready for the 2013 Afcon in South Africa. Oboabona is among the 22 domestic lads who hit Eagles’ camp in Abuja on Sunday for the start of training on Monday. The yet-to-be ...
Manchester United manager, Sir Alex Ferguson has revealed that he is not planning to make any signings in the New Year. He said there is still no value to be had in the January transfer market. A 3-1 victory over Sunderland on Saturday ensured that Man...
Former Heartland defender, Chibuzor Okonkwo wants Super Eagles’ manager, Stephen Keshi to have a look in on him for the 2013 AFCON game. Though the door appears closed with Sunday’s resumption of camping by the invited domestic players, the...
Super Eagles Head Coach, Stephen Keshi, has declared that the team has reached a crucial bend in the preparations for the Nations Cup championship in South Africa next year and pleaded with Nigerians not to distract the team from focusing on set goals....
Heartland defender, Orji Kalu, is injured and will take no further part in Nigeria’s pre-AFCON plans. The player was declared unavailable by Nigeria’s head coach, Stephen Keshi as the nation prepares for the 2013 Africa Cup of Nations. Kalu...
In politics, it is said that there are no permanent friends or enemies but what remains permanent is the interest of players in the murky terrain. This aptly describes the recent visit of former President Olusegun Obasanjo to Osun State Governor, Mr. R...
Residents of the Federal Capital Territory (FCT) who have expressed concern that Abuja may become like the former capital, Lagos, can now heave a sigh of relief as the FCT Minister, Senator Bala Mohammed has assured that under him, those things that we...
Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Barrister Nta Ekpo, has told the international community that the agency has adopted new strategies against corruption because the former method was not working...
Following the decision of the Independent National Electoral Commission (INEC) to deregister some political parties in the country, the Muslim Rights Concern (MURIC) has called on the Federal Government to stop funding political parties. The group in a...
Delta government embarked on 939 projects as contained in the 2012 budget, the Acting Permanent Secretary, Ministry of Works, Mr Donatus Umukoro, said on Tuesday. Defending the 2013 budget of the ministry, Umukoro told the State House of Assembly Commi...
The Anambra Government is to spend N110.8 billion for its services in the 2013 fiscal year, the Governor, Mr Peter Obi, has said.
Obi made the disclosure in Awka on Tuesday, while presenting the 2013 Appropriation Bill to the state House of Assembly for consideration and approval.
Tagged: “People’s Budget of Integrated Development VI'', the budget proposal represents an increase of 33.2 per cent above the N83.2 billion approved budget of 2012.
The 2013 proposed budget estimate is made up of N70.8 billion for capital expenditure and N39.9 billion for recurrent expenditure.
“An estimated sum of N70.8 billion is expected from capital receipts in 2013, an increase of 51 per cent over the budgeted sum of N46.9 billion for 2012,” he said.
The governor announced that the major priority of his administration in the coming year would be geared toward poverty reduction with the economic sector given an allocation of 32.3 per cent of the total capital budget.
Obi said that the state government would garner N12.5 billion as Internally Generated Revenue (IGR) and to get N54 billion as its share from the Federation Account in 2013.
He said that to ensure the realisation and successful implementation of the budget, prioritisation of projects and programmes would be the guiding principle of government in the allocation of funds.
Responding, the Speaker, Mrs Chinwe Nwaebili, assured the governor that the appropriation bill would be accorded accelerated consideration and passage by the house.
Nwaebili subsequently referred the bill to the house Committee on Finance and Appropriation, urging it to work on it through out the festive period for its early passage. (NAN)
The Trial Chamber II of the International Criminal Court (ICC) acquitted Mathieu Ngudjolo Chui of the charges of war crimes and crimes against humanity. The decision was taken unanimously by the Chamber composed of Presiding Judge Bruno Co...