budget

  1. RemmyAlex

    Politics Budget Padding: '22 Top Federal Officials Sacked By President Buhari'

    About 22 top officials of the federal government were sacked for their different roles in the padding of the 2016 budget. This revealaton was contained in Buhari’s authorised biography, ‘Muhammadu Buhari: The Challenges of Leadership in Nigeria’, written by Prof. John Paden and presented to the...
  2. Samguine

    Politics Opinion - 4 Reasons Why Muhammadu Buhari May Fail As Nigeria's President

    Corrruption: President Buhari's agenda is to rid the counrty of corruption. But what he failed to realise is that corruption has eaten deep into the fabric of the Nigerian system. Even those that brought him to power did so allegedly from corrupt funds. You cannot go digging up your foundation...
  3. RemmyAlex

    Politics Senate Reveals Why Saraki Visited Buhari At Aso Rock Yesterday

    The Senate has revealed why Senator Bukola Saraki paid a visit to President Muhammadu Buhari yesterday. In a series of tweets earlier today, the Senate through its official Twitter handle (@NGRSenate) disclosed that Senate president, Bukola Saraki's visit to Villa is for Senate to know...
  4. RemmyAlex

    Business 2016 Budget: Fashola To Spend N20.6bn On Electricity To Power Corporate Headquarters

    The Ministry of Works, Power and Housing is to spend N20, 692,987,864 on the provision of electricity to its corporate headquarters in Abuja, Daily Independent reports. The expenditure, which is contained in the 2016 Appropriation Bill, also includes the sum of N45, 463,197 for fuelling of its...
  5. RemmyAlex

    Politics Presidency, Senators React to Alleged Withdrawal of Budget from the National Assembly

    The presidency has denied the report yesterday in a national dailies that President Muhammadu Buhari had secretly withdrawn the 2016 budget estimates that he presented to the National Assembly on December 22, 2015, describing it as untrue. In the same vein, the Senate denied knowledge of the...
  6. RemmyAlex

    Politics Buhari Reveals Why He Is Slow

    President Muhammadu Buhari on Friday responded to criticisms on the alleged slow nature of his administration, saying he adopted the style deliberately so that he would not make mistakes. According to a statement by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, the...
  7. RemmyAlex

    Politics Ekiti People Should Expect Continuation of Meaningful Programmes - Fayose

    Governor Ayodele Fayose of Ekiti State, has promised to continue to prosecute programmes that will make life more meaningful for Ekiti people, within the ambits of his administration’s six-point development programmes. Fayose in his new year message said, although the implication of the adverse...
  8. RemmyAlex

    Politics 2016 Budget: Buhari Will Turn Nigeria to a Debtor Nation - PDP

    The Peoples Democratic Party has alleged that the proposed N1.84tn borrowing for the N6.08tn budget presented to the National Assembly by President Muhammadu Buhari has made the nation a borrowing country. It said that with this, the country was going the way of Greece. The National Publicity...
  9. RemmyAlex

    Politics 2016 Budget: Buhari To Spend More Than Jonathan On Presidential Villa

    Shocking details have emerged from the recent presented 2016 budget that the executive arm of the government would spend the lion share of N5.87 trillion, or about 96.5 per cent of the total N6.1 trillion about N205 billion or 3.5 per cent to the other arms of government, with the Legislature...
  10. RemmyAlex

    Business Nigeria To Face Bleak Economy Next Year – The Economist

    Nigerians have been told to expect a bleak economy in 2016. According to the magazine’s analysts, early signs are of a worrying resurgence of economic nationalism, stressing that economic growth under the presidency of Muhammadu Buhari will be “uninspiring” in 2016. “Given policy uncertainties...
  11. RemmyAlex

    Politics Buhari Explains How He Intend To Fund Nigeria’s N6 Trillion Budget

    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...
  12. RemmyAlex

    Business IMF Predicts Oil Price Slump to $20 in 2016

    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 drop by between $5 and $15 in 2016...
  13. RemmyAlex

    Politics [Photo] PDP House Of Reps Member Sleeps During 2016 Budget Presentation

    Hon. Essien Ayi, a member f the Peoples Democratic Party, PDP, representing Calabar south in Cross river state was caught by camera while sleeping during the Budget presentation by President Mohammadu Buhari at the National Complex joint session yesterday.
  14. RemmyAlex

    3 Ways to Celebrate Christmas Within Your Budget!

    It is a few days to Christmas and some Nigerians have made big plans just so they can have a great time during the holidays. In order to keep you from going overboard, Jovago, online hotel booking portal shares ways you can have fun and still stay within your Christmas budget! During the...
  15. RemmyAlex

    Politics READ Breakdown of 2016 Budget of Change

    The Federal Government on Tuesday in Abuja earmarked N433.4 billion in the 2016 budget for its services in the Ministry of Power, Works and Housing led by Babatunde Fashola. President Muhammadu Buhari stated this on Tuesday in his 2016 budget speech delivered at the Joint session of the...
  16. RemmyAlex

    Politics PDP Criticizes 2016 Budget of President Buhari

    Opposition party, Peoples Democratic Party (PDP) has described the N6.8 trillion 2016 federal budget presented by President Muhammadu Buhari on Tuesday, December 22 as a big fraud and executive conspiracy tailored towards mortgaging the future of the nation. The party, in a statement queried...
  17. RemmyAlex

    Politics 6 Top Things Buhari Said During Presentation of 2016 Budget At NASS Complex

    - The future looks so bright and I appeal that we all work together make our vision a reality - we shall encourage economic diversification through import reduction and expert increment. - We will align fiscal, monetary and investment policies, says PMB -We have the will, resources and...
  18. RemmyAlex

    Politics Budget: FG Will Borrow Locally and Internationally in 2016

    Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government will borrow internationally and locally to finance the deficit in the 2016 budget, SignalNg reports. The minister in an online publication revealed that the development was as a result of dwindling oil prices which is...
  19. RemmyAlex

    Politics Top 5 Most Indebited States in Nigeria

    The DMO was established on 4th October, 2000 to centrally coordinate the management of Nigeria’s debt, which was hitherto being done by a myriad of establishments in an uncoordinated fashion. This diffused debt management strategy led to inefficiencies. According to recent figures released by...
  20. RemmyAlex

    Politics Budget 2016: Read What Buhari Will Present to Nigerians Next Week

    According to Vanguard, the presidency has disclosed that President Muhammadu Buhari was prepared to present to Nigerians, a budget of change, when the presentation of the 2016 Appropriation Bill to the National Assembly is being carried out on Tuesday, December 22. Speaking to newsmen...
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