Governor of the State of Osun, Rauf Aregbesola, on Thursday presented the 2018 budget proposal of N173.98 billion before the state House of Assembly. The estimate, tagged ‘Budget of Enduring Legacy’ has Recurrent expenditure of N85,105,590,726 representing 49 per cent, with Capital Expenditure of N88,874,492,281 representing 51 per cent of the total budget. The estimate […]
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The two chambers of the National Assembly on Tuesday passed the long-awaited 2018-2020 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP). This followed the adoption of report of Joint Committees on Finance, Appropriation, Loans and Debt Management, Legislative Budget and Research and National Planning and Economic Development at both chambers on Tuesday. […]
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The 2018 budget has taken a step closer to its destination after the House of Representatives passed it through a second reading on Tuesday. The House members began discussing the bill last Tuesday. On Tuesday, they approved a second reading of the bill and referred it to the House Committee on Appropriations and all other […]
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Shawn Corey Carter, popularly known as Jay-Z, who had never before been nominated in a major category as a solo artist, is up for Album of the Year for his “4:44” as well as for Record of the Year and Song of the Year. “4:44” marked a return to music by the 47-year-old Jay-Z after […]
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The Federal Government said on Sunday that it had stocked enough food to address possible shortages in some states in 2018. Audu Ogbeh, the Minister of Agriculture and Rural Development, made the disclosure in Katsina. The minister spoke at the Joint International Fund for Agricultural Development (IFAD)/Federal Government 2nd Supervision Mission for Climate Change, Adaptation […]
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Budget size: N8.612 trillion (16 % higher than 2017 estimates) Assumptions, projections ================== Benchmark crude oil price-US$45 per barrel Oil production estimate – 2.3 million barrels per day Exchange rate – N305/US$ for 2018 Real GDP growth of 3.5 per cent Inflation Rate of 12.4 per cent Expenditure Estimates ================ The proposed aggregate […]
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Nigeria will, on March 3, 2018, host the FIFA World Cup Trophy. This was confirmed by Mohammed Sanusi, Nigeria Football Federation’s General Secretary. He said the world governing body had listed Nigeria as one of the countries the trophy will visit as part of the FIFA World Cup Trophy Tour. The tour will hold from […]
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With only nine spots yet to be filled at the upcoming 2018 FIFA World Cup, 3,496,204 tickets have been requested so far as the first sales period ended on Thursday. Most of the applications have come from Russia, while international demand accounts for more than 30 per cent, according to a report by the FIFA […]
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