President Buhari Submits 2018 Budget To NASS

08 November, 2017, 10:14 | Author: Hope Soto

Talking up the gains of his administration over the past two years while thanking Nigerians for their prayers during his extended medical vacation, President Buhari said the projected expenditure in the Budget of Consolidation would fast-track the much-needed economic recovery.

Nigerian president Muhammadu Buhari presented a record 8.6trn naira (£21.5bn) budget for 2018 on Tuesday to foster shaky growth in Africa's largest economy.

The three ministries will get money more than the 12 other sectors combined.

The president said the budget is projected at an oil price of $45 per barrel with the production estimate of 2.3 million barrels per day.

In an interview with PREMIUM TIMES, Toby Okechukwu, from Imo state, said the lawmakers were not happy with the pace of implementation of the 2017 budget.

Details of the budget proposal revealed that the Power, Works and Housing has the highest capital project proposal with N555.88 billion.

'Black Widow' sentenced to death in Japan
The 135-day trial was Japan's second-longest court case of its kind since 2009, when the nation instituted a judge-jury system. A Japanese court has sentenced a " Black Widow " who met wealthy partners via dating agencies and poisoned them with cyanide.

Transportation sector comes second with a projected allocation of N263.10 billion for capital projects.

The Special Intervention Programme was allocated N150 billion while Defence, N145 billion.

Budget provision to the Niger Delta Development Commission increased to N53.89 billion from N34.2 billion in 2017.

"Of the amount, the sum of 6.387 trillion Naira is expected to be realised from oil and gas sources".

"At present, domestic debts account for about 79 percent of the total debt".

The president said that non-oil and other revenue sources of N4.165 trillion would include share of Companies Income Tax (CIT) of N794.7 billion, Value Added Tax (VAT) of N207.9 billion as well as Customs and Excise Receipts, N324.9 billion.



Ezra Miller on Zack Synder's 'lighter' Justice League
He said previously: "The tone of the film - I'm not going to say it is light, because that would be doing it an injustice". The film's predecessor, 2016's " Batman Vs.

Giants reinstate Janoris Jenkins from suspension after one game
The Giants also re-acquired linebacker Deontae Skinner, who was most recently on the Raiders' practice squad. Dominique Rodgers-Cromartie also served a one-week suspension for a violation of team rules last month.

'Shameless' Star Ethan Cutkosky Arrested on DUI Charge
Cutkosky, who was reportedly driving an orange BMW, was given a field sobriety test during the pull-over, TMZ reported. Cutkosky's character enrolled in a military academy last season after leaving behind a life of crime.

Suns On Verge Of Trading PG Eric Bledsoe To The Bucks
Monroe has been restricted to just five games this season and hasn't played since October 26 because of a left calf strain. Phoenix will receive centre Greg Monroe , a 2018 protected first-round pick and a 2018 second-round pick in the deal.

Meek Mill Sent To Prison Again Over Alleged Parole Violation
This update has stirred reactions on social media, and one of those who has shown the rapper support is comic actor, Kevin Hart . Brinkley handed Mill a 90-day house arrest sentence at that time and ordered him to wear an electronic monitoring anklet.

What's wrong with the 'i' in iPhone?
Instantly.To send and receive money with Apple Pay, you must be at least 18 years old and you must live in the United States. There are quite a few options available in the App Store, including GBoard (free), SwiftKey (free) and Swype ($.99).

Ex-Phillies ace Roy Halladay dies in plane crash
Here are his top five moments as a Phillie, as we remember the life of one of the greatest Philly athletes ever. Halladay's ICON A5 plane went down just after noon in the Gulf of Mexico near Tampa, Florida, on Tuesday.

Twitter Doubles Tweet Limit to 280 Characters
Only five percent of Tweets sent were longer than 140 characters and only two percent were over 190 characters. Now the San Francisco tech firm is officially doubling the character limit of its tweets to 280 characters.

Xenoblade Chronicles 2 Season Pass Announced, Here's Everything It Includes
Firstly, bonus support items will follow the game's release in December this year, before a new quest arrives in January 2018 . Nintendo Switch owners will get a special Xenoblade Chronicles 2 surprise in Legend of Zelda Breath of the Wild this week.

United Kingdom minister Priti Patel held undisclosed meeting with Israel's Netanyahu
On Tuesday No.10 confirmed Patel had suggested the United Kingdom send aid money to the Israeli army in the Golan Heights. May yesterday summoned Patel to No 10 to "remind her of the obligations which exist under the ministerial code".