26 Jul 2016

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FG To Fund 2017 Budget With Recovered Loot

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Preliminary works for 2017 budget have begun in earnest going by the declaration by the Minister of Budget and National Planning , Senator Udoma Udo Udoma, that the 2017-2019 Medium Term Expenditure Framework (MEFT) will be ready for submission to the National Assembly by October.

Udoma gave insight into the 2017 budget yesterday in Abuja during a Stakeholders’ Consultative Forum with Civil Society Groups and organised private sector on the 2017-2019 METF. He said: “Demand and supply factors are expected to keep crude oil prices low in the medium term compared to the period prior to mid-2014.

We are considering a conservative oil price benchmark of $42.5 per barrel for 2017, $45 per barrel in 2018 and $50 per barrel in 2019. “We estimate oil production to be 2.2million barrel per day for 2017 , 2.3million barrel per day in 2018 and 2.4million barrel per day for 2019. We have pegged exchange rate for 2017, 2018 and 2019 at N290 to a dollar. ”

While disclosing that recovered looted funds would be used in funding part of the 2017 budget, he pointed out that N2.1trillion had so far been expended out of the N6.06trillion budgeted for 2016. He, however, added that only N253billion out of the N1.8trillion earmarked for capital projects had been spent so far. Government , he said, would continue in its effort to diversify its revenue sources to non -oil sectors.

“A significant increase in non oil revenue receipts is projected due to a gradually recovering domestic economy and government ’s expected improvement in Federal Inland Revenue Service (FIRS ) tax collection efforts. Company Income Tax is projected to increase from N1.79trillion in 2016 to over N1.86trillion in 2017 and beyond while Value Added Tax (VAT) collections is to increase by about 42.4 percent in 2017. “Operating surpluses projection have been moderated downwards for 2017 and thereafter a modest growth.

Customs collections are projected to moderate downwards for 2017 and thereafter a modest growth,” he said. Also speaking, Lead Director, Centre for Social Justice, Mr. Eze Onyepere, said government should learn and build on the mistakes of the 2016 budget.

“We should draw lessons from the mistakes of the last budget. We have all seen that the revenue projections for 2016 were over optimistic. This is why we are finding it difficult to get money to fund the budget, especially the capital expenditure. “ In 2017 onwards, we should be more empirical in our revenue forecast.

Let it be more realistic so that there won’t be a deviation of more than minus or plus five per cent. This is because if we have more money, we can do supplementary budgets rather than have an overly optimistic revenue projection and, at the end of the day, we are not able to fund our budget, ” he said. In his contribution, Governance Programme Manager Actionaid Nigeria, Mr. Obo Effanga, reminded the government of the limited time they had to fulfill promises.

“This administration is a four year period and one year has gone already and even the government had admitted that the last year will be given to politics, so effectively they have just two years left. And we are preparing the budget for one of the two years remaining. So, if we don ’t make sure that this works very well, it means that we can only look up to 2018 ,” he said.

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Busty Lagos Gal Photos Currently Trending ....SEE PHOTOS

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This girl seems to be the trend at the moment. her fan base is group on a daily basis and she seems to be capitalizing on that by giving her followers a new captions everyday.
Seems Cossy is retiring to some extent,guess this girl is aspiring to replace Cosy as miss busty busty.lol SEE MORE PHOTOS BELOW....







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Police And Militants Current In Gun Battle At Igando, Lagos (See Photos)

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Policemen, are at the moment engaged in a gun battle with militants in Igando, area of Lagosstate.
a suburb of Lagos. It was gathered that the militants stormed the area around 4am, looting shops and shooting into the air.

The ongoing shootout, which has left three policemen injured, has caused residents of Igando, especially those around Ikejobi Avenue, Ewedogbon Bus Stop to flee their homes or hide indoors.


Two Rapid Response Squad armoured tanks are involved in the gun battle with more than 200 residents on the road with security operatives.


See Another Photos below:




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Read Actual Reason For Rob Kardashian deleting Blac Chyna's photos from his Instagram

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The couple were in the middle of split rumours after people noticed all of Blac Chyna's photos had been taken off Rob Kardashian's social media.

Apparently, this was just the aftermath of a fight between the couple.




Blac Chyna was reportedly "paranoid " at her fiance Rob Kardashian over concerns he could cheat on her. 

According to E! News, Rob deleted Blac's pictures to "hurt her", but the pair are back on good terms after their first proper fight.

A source said: "Rob and her have been getting into little tiffs and Blac Chyna flipped on Rob. He was so pissed at how she spoke to him, so he deleted everything about her to hurt her." The source added that "Rob has never cheated on" Blac, but that "she is very paranoid about that from past experiences."

Pals of the pair reassured the site things are "fine" now, saying: "They're back in love and have spoken through their fight."

Sources close to Chyna also dismissed rumours of a split, telling People magazine: "They're not broken up."

Another source added: "They filmed over the weekend and had an argument. It's hard to see Rob and Chyna actually splitting.

"Rob is looking forward to becoming a dad. It would take a lot of him to break up with her."
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Photo of 84 year old catholic priest Jacques Hamel, whose throat was slit by armed men in France this morning

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The priest killed at the hands of the suspected ISIS men today in Rouen, France this morning at a catholic church has been named as 86-year-old Father Jacques Hamel.

He was ordained in 1958... May his soul Rest in Peace (Amen)
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Photo of the man who killed 19 people,wounded 45 In A Knife Attack at a care centre in Japan

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In what is being described as Japan's worst mass killing in decades, at least 19 people are dead and 45 wounded in a knife attack on Tuesday at a facility for the handicapped in a city just west of Tokyo. (Readhere).
 
The face of of the perpetrator of the attacks has been revealed. 26-year-old Satoshi Uematsu turned himself in following the stabbing spree, confessing to the police that he wanted to "get rid of the disabled from this world". 
According to Japanese media reports, He sent bizarre texts around the time he committed the sickening crime. He was also reportedly seen handing out fliers near the facility that said: "It is wasteful to have the disabled continue living" earlier this year.

Authorities said Uematsu had been admitted to a hospital back in February, after police contacted him in response to a letter he had attempted to pass to the speaker of the lower house of Japan’s parliament. In the letter, Uematsu argued that the government should permit euthanasia for disabled people. He said he would be willing to carry out such killings himself, and detailed how he would do it.

“I envision a world where a person with multiple disabilities can be euthanised, with an agreement from the guardians, when it is difficult for the person to carry out household and social activities.” He claimed he could wipe out a total of 470 disabled individuals” by targeting two facilities for disabled people during the night shift, when staffing is low. "The act will be carried out speedily, and definitely without harming the staff. After wiping out the 260 people in two facilities, I will turn myself in."
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Checkout Genevieve Nnaji No Make-Up Looks

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So beautiful and natural!!
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Olumba Olumba Obu predicts The Future Of President Buhari

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President Muhammadu Buhari will certainly complete his first and second terms in office, spiritual leader of the Brotherhood of the Cross and Star and self acclaimed 'God on earth', His Holiness Olumba Olumba Obu, has said.

He made the revelation while addressing a crowd of guests and adherents in Calabar, Cross River State, during an international youth event.

He said despite serious attempts by aggrieved persons to eliminate Buhari because of his stance against corruption, the president would not be harmed, and that he would survive and accomplish his mission.

Olumba Continued :

“For now, which leader in Nigeria would people be afraid of, to the extent of coming up by themselves to return stolen money? I can assure that despite the millions of money people are spending, including going diabolical, to kill the president, they will not succeed and he will not be harmed. .

He will certainly complete his 8 years in office. Buhari has a special task to accomplish in Nigeria at these times.
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MAN CAUGHT BANGING DONKEY IN BROAD DAY LIGHT (PHOTOS)

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This happened broad daylight in public! Cant help to imagine what this world is turning into... Continue to see another pics.


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