Skip to main content

Breaking News:Acting President Osinbajo Signs #Budget2017


Acting President Yemi Osinbajo signing the 2017 Appropriation Act into law at the Presidential Villa in Abuja on Monday (12/6/17). With him from left are: Senate President Bukola Saraki; Speaker, 

House of Representatives, Yakubu Dogara; Senior Special Assistant to the President on National 

Assembly Matters (Senate), Sen. Ita Enang; Senior Special Assistant to the President on National 

Assembly Matters (House of Representatives), Suleiman Kawu; Minister of Budget and National Planning, Sen. Udoma Udo Udoma; Chief of Staff, Alhaji Abba Kyari; and Minister of Finance, Mrs Kemi Adeosun.

Acting President Yemi Osinbajo has signed the 2017 Appropriation Bill into law.


Osinbajo made the announcement via Twitter on Monday.


The event was attended by leaders of the National Assembly, Senate President Bukola Saraki, House Speaker Yakubu Dogara, as well as members of the Federal Executive Council.

The National Assembly on May 11, passed the 2017 Appropriation Bill, raising the figure from N7.30 trillion presented by President Muhammadu Buhari on December 14, 2016, to N7.44 trillion.
In the approval, Statutory Transfers got N434 billion, N1.8 trillion for Debt Servicing, N177.5 billion for Sinking Fund for Maturity Bonds and N2.99 trillion for Recurrent Non-Debt Expenditure.

Contribution to the Development Fund for Capital Expenditure, exclusive of the capital expenditure in statutory transfers for the year ending December 31, 2017, got N2.2 trillion.
The chamber pegged crude oil production for the budget at 2.2 million barrels per day, with foreign exchange rate of N305 to a dollar.

 Senate President Bukola Saraki (L) congratulates the Acting President Yemi Osinbajo after Osinbajo signed the 2017 Appropriation Act into law at the Presidential Villa in Abuja on Monday (12/6/17). With them are: Senior Special Assistant to the President on National Assembly Matters (Senate), Sen. Ita Enang; Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Suleiman Kawu; Minister of Budget and National Planning, Sen. Udoma Udo Udoma; and Chief of Staff, Alhaji Abba Kyari
Labels:

Comments

Post a Comment

Popular posts from this blog

Twitter User "Tusty22" narrates Near Crash Incident on Arik Air Flight to Ghana

Twitter User narrates Near Crash Incident on Arik Air Flight to Ghana A Twitter user @Tutsy22   a twitter user narrated a scary ordeal in an Arik Air flight that flew off from Lagos to Accra on Tuesday and unfortunately   had smoke in the cabin barely 35 minutes into the flight. She stated that the flight crew had no idea where the smoke was coming from and waren’t able to provide oxygen masks… She called on the Nigerian Civil Aviation Authority to ground the plane following the incident.
Post a Comment
Read more

"It’s got bad karma": Trump-branded hotel grand opening shunned by Vancouver officials

                Donald Trump and Joo Kim Tiah, chief executive of TA Global, hold up an umbrella alongside Trump's son Donald Jr. during a ceremony announcing a new hotel and condo development in Vancouver in June 2013. (Andy Clark/Reuters) By  Amy Brittain  and  Jonathan O'Connell   February 28 at 12:35 PM   VANCOUVER, B.C. —  Kerry Jang, a council member in this picturesque Canadian city, recalls being in the crowd nearly four years ago to welcome Donald Trump to announce plans for a striking new skyscraper that would bring a luxurious hotel and condo development to the heart of downtown. He still keeps the Trump umbrella, a memento handed out at the ceremony, in the trunk of his car. But when Trump’s adult sons appear Tuesday for a lavish grand opening to fete the gleaming 69-story tower, Jang won’t be joining in the festivities. His children plan to be on the street outside, marching against Trump in one ...
Post a Comment
Read more

Yoruba group tells FG-it is too late to restructure, give us Oduduwa republic, give Igbos Biafra

    The Yoruba Liberation Command (YOLICOM) says it is time for the Yoruba nation to exit Nigeria - The group states that Nigeria will never be genuinely restructured by the present crop of political leaders - The YOLICOM says it is in support of the Nnamdi Kanu-led Indigenous People of Biafra for self actualization irrespective of whatever hate speech he has been accused of Amid agitation for Biafra Republic in the southeast, a southwest group, the Yoruba Liberation Command (YOLICOM) has declared secession from Nigeria.     The group which made the declaration in Lagos on Thursday, July 27, sought the creation of Oduduwa Republic, Vanguard reports. The spokesperson for the group, Opeoluwa Akinola, at a press conference held at Ogba said it was time for the Yoruba nation to exit Nigeria which he said was being dominated by the Fulani north. The group rejected the calls for restructuring, noting that Nigeria will never be genuinely restructured by the p...
Post a Comment
Read more