Buhari to present 2023 budget proposal to NASS Friday

Published

2 years ago

October 4, 2022

President Muhammadu Buhari will present the 2023 Appropriations bill to a joint session of the National Assembly on Friday.

The appropriations bill will contain budget proposals for the 2023 fiscal year.

He made this known in a letter to the Senate President, Ahmad Lawan, which was read out at the start of plenary on Tuesday.

The formal budget presentation is scheduled for 10am

and it will be the last main budget Buhari will be presenting as he will leave office on 29 May 2023 when his second four year term will end.

The Federal Government is already proposing an aggregate expenditure of N19.76 trillion for the 2023 fiscal year with a budget deficit of about N12.41 trillion.

Some key assumptions in the proposal include an estimated oil benchmark of $70, crude oil production put at 1.69mbpd, exchange rate of N435.57/$ and inflation rate at 17.16 per cent.

The Federal Government pegged growth rate at 3.75 per cent because it believes that “Growth is expected to be moderated to 3.30% in 2024 before picking up to 3.46% in 2025.”

The Minister of Finance, Zainab Ahmed, had disclosed that the federal government will borrow over N11 trillion and sell national assets to finance the budget deficit in 2023.

Using pre-registered SIM card may land you in jail, NCC warns

Published

1 hour ago

May 17, 2024

Trends Admin

Using pre-registered SIM card may land you in jail, NCC warns

The Nigerian Communications Commission, NCC, has issued a stern warning to Nigerians on the dangers of purchasing pre-registered SIM cards.

The Commission emphasized that this practice was illegal and could lead to severe consequences, including imprisonment.

The NCC highlighted that individuals using such SIM cards might inadvertently become implicated in crimes such as identity theft, financial fraud, kidnapping, and armed robbery.

Using pre-registered SIM card may land you in jail, NCC warns

Police grill Osun monarch, Ataoja of Osogbo, over petition

Published

2 hours ago

May 17, 2024

Trends Admin

Ataoja of Osogbo, Oba Jimoh Olanipekun Oyetunji

Police grill Osun monarch, Ataoja of Osogbo, over petition

The Ataoja of Osogbo, Oba Jimoh Olanipekun Oyetunji was on Thursday grilled by the police over a petition purportedly by a co-monarch in Olorunda local government area.

But The Nation learnt that Oba Oyetunji was invited to Abuja by security operatives over a petition by a king under his domain relating to fund.

Police grill Osun monarch, Ataoja of Osogbo, over petition

Banire, others to speak at NACOMYO Lagos workshop/retreat

Published

4 hours ago

May 17, 2024

Trends Admin

Banire, others to speak at NACOMYO Lagos workshop/retreat

The National Council of Muslim Youth Organisations (NACOMYO) Lagos chapter says it will hold its 4th Mid-term Workshop/Retreat on June 8, 2024.

The event fixed for the NERDC Conference Centre, Alausa, Ikeja, would focus on crucial topics relevant to the socio-economic and political landscape of Nigeria, particularly in Lagos State, NACOMYO said.

According to a statement by the organisation, a former Chairman of Asset Management Corporation of Nigeria (AMCON) Dr. Muiz Banire will give the keynote address at the event under the theme ‘Leadership, Governance and Economic Imperative: Muslim Youth in the Post-Subsidy Era’.

“Additionally, the workshop will feature lead paper presentations by notable figures including Honorable Abubakar Mobolaji Ogunlende RAK, the Commissioner for Youth and Sport in Lagos State, and Honorable Ibrahim Layode, the Commissioner for Home Affairs in Lagos State.

“One of the highlights of the event will be a guest lecture delivered by His Eminence Sheikh Engr. Sulaimon Abuo-Nola, the Grand Chief Imam of Lagos,” it stated.

The State Coordinator of NACOMYO Lagos State, Alhaji Isiaka Salami, it added, would lead other members to the event.