Nigeria and her ‘fire brigade’ approach

Nigeria and her ‘fire brigade’ approach

International Brent crude oil price dropped to $59.83 per barrel on Tuesday as the Federal Government notified the National Assembly of its intention to present the 2015 budget to it on Wednesday (today) for consideration and approval.

The drop raised fears that the $65 oil benchmark   for the 2015 financial estimates   might be further reviewed downwards.

The Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, is to present the N4.357.96tn budget to the two arms of the National Assembly.

The details of the financial proposal are contained in the Medium Term Expenditure Framework and Fiscal Strategy document   sent to the Senate by President Goodluck Jonathan.

The government   proposed N627bn out of the total figure as capital expenditure and N2.622tn for recurrent expenditure.

The revised 2015-2017 MTEF showed a sharp reduction in the figure presented in the MTEF earlier sent to the Senate but was withdrawn following the earlier crash of   crude oil price in the international market.

In the first MTEF presented   in September, 2014, the government   had proposed a benchmark of $78 per barrel of crude oil, with an exchange rate of N160 to a dollar.

The total budget figure then was N4.8tn, but when   oil price crashed, the government effected a reduction in the budget benchmark from the earlier proposed $78 to $73 per barrel, with an exchange rate of N162 to a dollar…………………………………………………………………

 

Okonjo-Iweala had during the announcement of the austerity measures for the economy following the drop in oil prices, explained that efforts had been put in place to strengthen tax administration to get more revenue from the well-off in the society.

She lamented that only 25 per cent of Small and Medium Scale Enterprises are registered taxpayers, noting that remedying that will broaden the tax base.

Also, she said independent auditors only completed three to five audits a year compared to 50 a year in Angola.

Speeding up audits, she added, would help to improve tax collections and anomalies.

On the expenditure side, the minister said that more cuts on spendings would be implemented within the 2015 fiscal period.

However, she assured that more money would be channeled for growth-enhancing projects that would help cushion the impact of the austerity measures on ordinary Nigerians.

Okonjo-Iweala said. “For the immediate 2015 budget, we shall cut certain recurrent spending such as purchase of administrative equipment, overseas travels and trainings, etc.This is the low hanging fruit.

“We shall also complete the work on Integrated Personnel and Payroll Information System which has already covered half the agencies and weeded out 60,000 ghost workers saving N160bn.

“Completing this work could save another N160bn. In the medium term, the current pressures provide a unique opportunity for the country to reduce duplication of agencies,commissions and committees within the administration and to restructure and reduce recurrent expenditure, reform public administration and make serious efficiency gains.

“Inevitably, there will also be some cuts in capital expenditure in the 2015 Budget, but this is being done in a way that is pro-poor and pro-average Nigerian. Focus will be on priority sectors of infrastructure, health, education, and security, as well as growth stimulating and job creating sectors like agriculture, housing and creative industries.”

Culled from Vanguard.

I wish to comment on the areas i highlighted.

Were they not aware they could save cost on some ‘low hanging fruit’ expenditures, improve agriculture , increase tax base etc all these while they we spending extravagantly and borrowing with reckless abandon? I guess our leaders are just shortsighted and live to spend our resources on immediate ‘wants’ thinking every day will be full of plenty, now that situation is changing , they are running around to fix what they should have fixed from the word go. May God help us all.

 

 

Is this guy serious at all?

Is this guy serious at all?

A Senior Special Assistant to President Goodluck Jonathan, Doyin Okupe, says the President is just like Jesus Christ.

He said the burden Jesus carried when he died for the sins of mankind was similar to what Jonathan is presently carrying.

Okupe said this during a programme onChannels Television, Sunrise Daily.

What was he thinking when he was making this comparison???

Fayose presents N80.774bn budget to 7 PDP lawmakers

Mr Ayo Fayose has presented N80.774 billion  budget estimate to seven Peoples Democratic Party, PDP, members of the House of Assembly  for the 2015 fiscal year. However, the Chamber was parked full of non-legislators.

Christened “budget of reality” yesterday’s presentation represents 77.7 per cent of the 2014 budget of N103.8 billion by  the immediate past Governor of the state,Dr Kayode Fayemi.
During yesterday’s budget presentation which took place at the floor of the state House of Assembly, members of the All Progressives Congress, APC, lawmakers  were absent.
The assembly’s gallery was, however, filled up to the brim as politicians, traditional rulers and captains of industries were in attendance.
Fayose on the occasion said the state government decided to reduce the budget to a more pragmatic and realistic one that would bring possible results to the people of the state.
Ekiti APC disapproves the presentation
Meantime, the All Progressives Congress, APC, in  the state has condemned the attitude of the Ekiti State Governor, Ayodele Fayose, for presenting the 2015 Budget to seven of the 26-member of the House of Assembly in less than 20 minutes.
Culled from Vanguard.
I highlighted some areas in this article…can our POLIMEDIANS be funnier?…i guess Nigeria is one of the very few countries this can happen!

 

Hostage situation in Sydney- 3 dead, 4 injured.

Hostage situation in Sydney- 3 dead, 4 injured.

The 34-year-old manager of the Lindt cafe, Tori Johnson, and mother of three Katrina Dawson, 38, have been named as the two hostages killed during the Sydney siege on Tuesday morning. Four others have been injured, including a woman with serious gunshot wounds to the leg. The Muslim gunman identified as self-styled Iranian Sheik Man Haron Monis, 50 , was also shot dead after police burst into the Martin Place cafe at 2.11am Tuesday and opened fire. One of the hostages was reportedly shot by the terrorist, while another tragically died from a heart attack later in hospital. Gunfire and bursts of light could be seen as they stormed the Lindt Chocolate Cafe in Martin Place. Minutes before police stormed the cafe, seven hostages managed to escape 17 hours after the siege began. Man Haron Monis was described as a self-styled sheik from Iran who arrived in Australia in 1996. He is on bail for being an accessory to the murder of his ex-wife, allegedly carried out by his current partner. Monis also faces 50 charges of indecent and sexual assault during his time as a ‘spiritual healer’. He also appeared in court for sending hate-filled letters to the families of soldiers killed in Afghanistan.

Culled from Dailymail

Food for thought

Food for thought

Lesson for the day

Lesson for the day

Guess ad win game – our winner is Ifeco91.

Guess ad win game – our winner is Ifeco91.

Real name: Jeremy Irons
Movie name: the Borgias
Movie character: Rodrigo Borgia / Pope Alexander VI

Guess and win game – Our winner is boystunnna

Guess and win game – Our winner is boystunnna

The 3 words wrongly spelt are DIAGNOZED, MONTH, TWENTYFIVE which are supposed to be spelt as DIAGNOSED, MONTHS, TWENTY-FIVE.

Motor boy kills master because of N150,000

Motor boy kills master because of N150,000

32 year-old Sani Saidu, a Gombe state born suspect allegedly stabbed one Mr Shittu Aremu, driver of a truck to death while accompanying him to Port Harcourt, Rivers state, destination of the 40,000 litre of petroleum product .

The late Aremu whose age was put around 56 years, was a driver to S.K Transport Service Nigeria Limited . He reportedly loaded the truck with plate number AGL 368 XA with aviation fuel worth N5.5 million and consequently left Lagos for Port Harcourt on November 13, 2014, to discharge the product.

But before leaving Lagos State, he was said to have invited Saidu to work with him as his motor boy, with a promise to pay him an undisclosed amount at the end of the trip. But little did he realize that the invitation would end his life.

The first sign that signalled an unpalatable situation for the truck driver, followed difficulty by his employee to reach him on his mobile phone, two days after he embarked on the journey.

Further checks from the tracking device on the truck reportedly showed that the truck had been diverted from its original route to somewhere around Mutum Biu, in Taraba state.

Suspecting that the driver had a sinister motive up his sleeve ,the company reportedly lodged a complaint at the State Criminal Investigation Department SCID, Yaba, where detectives swung into action by travelling to Taraba state. Fortunately for them, the truck was recovered at the Taraba state Police Command, with only Saidu, the motorboy.

I stabbed him, threw him out of the truck

Preliminary investigation as gathered , revealed that Saidu allegedly murdered the truck driver before diverting the truck to the northern part of the country.
In this interview, Saidu gave a graphic description of how he stabbed his master with a knife and threw him out of the truck , before taking over the steering..

Asked what made him carry out such dastardly act, Saidu replied : “ I killed Mr Aremu because I wanted to sell the aviation fuel and use the money to travel to Dubai on a business trip”
Narrating how he snuffed life out of Aremu whom he fondly called baba Oyo, , Saidu said: “ A day after we left Lagos, at about 6pm, the company called baba Oyo and instructed him to park at Umunede, Delta state for security reason and that he should proceed on the journey the following day.

While there , I bought a knife without him knowing and tied it with a rope on my leg. Very early the third day, baba Oyo started the ignition to continue the journey. As he was about to move, I told him that one of the tyres had developed a fault. I came out of the vehicle and pretended to be checking the tyres. I went to his side of the truck, bent down as if checking the tyres and in the process, I brought out my knife. But as I raised my hand to stab him, he held my hand and we started struggling, in the process of which the knife cut me on the index finger. I succeeded in stabbing him first on the lap and blood started gushing out. Again, I stabbed him again in the stomach, leaving the knife in there. By then he was too weak to shout.

Thereafter, I pushed him out of the vehicle and mounted the driver’s seat and zoomed off.

Diverts truck to the north

My intention was to take the aviation fuel to Taraba state and sell it at the black market. When I got to Adamawa state, I sold four drums , at the rate of N28,000 per drum. On reaching Katsina Ala, the truck developed a fault and I ended up spending N57,000 to fix it. I continued the journey but on reaching Mutum Biu, I was stopped by some soldiers who were on a joint operation with the Police, at a check point. They demanded for the way bill and I showed them.

But one of the policemen asked where the plate number was and I brought it out from where I kept it. I had earlier removed it because the company’s number was inscribed on it. When the policemen dialled the telephone number, they discovered that the vehicle was supposed to be heading for Port Harcourt. When they asked what it was doing at Taraba, I could not provide a ready answer and I was subsequently apprehended”

I wanted to raise 150,000

The father of five whose family resides in Adamawa state further disclosed that “ I did what I did in order to raise N150,000 for a ticket to Dubai. A friend of mine who lives in Kano usually travels to Dubai to buy handsets and sell in Kano. He told me he would take me down if I could raise N150,000. That was why I did what I did. But with the look of things, it is obvious that I am in a big trouble and may never come out of from it for the rest of my life”, he stated remorsefully.

Information at Crime Guard’s disposal revealed that operatives at the SCID would be leaving Lagos for Umunede in Delta state, to inspect the spot where the suspect claimed to have thrown Aremu’s body, with a view to ascertaining whether he is alive or not.

Police sources however hinted that the driver’s seat of the recovered truck was stained with blood, adding that at the end of investigation, the suspect would be charged to court for murder and stealing.

Culled from Vanguard.

 

May God continually protect us o! especially from enemies appearing like friends.

Why do guys kick against their sisters dating their own male friends?

Why do guys kick against their sisters dating their own male friends?

Correct words quiz

Correct words quiz

Be the first to correctly identify the 3 words wrongly spelt in the above extract and win N1k airtime.

Look Beautiful in Ankara bags and foot wears

Look Beautiful in Ankara bags and foot wears

Nigerians have over the years grown to love and accept our traditional ankara attire, this has given rise to lots of creativity in clothes, shoes, bags and even accessories designs. Creativity can not be over emphasized in the fashion world and more fashion designers, shoe makers etc have continuously given us more designs to chose from. I have come across a lot of beautiful and creative styles  particularly in ankara some of which am displaying from a seller simply called Taiwo (resides in Lagos) , she sells a lot of assorted bags, shoes and accessories all made from lovely ankara fabrics. You can view some of her designs after the cut and contact her on 07034284673 for more information on more items, customized products, prices ,sale and delivery.

 

T2

 

T3

 

T4

 

T5

 

T6

 

T7

 

T8

 

T9

 

 

For advert or review write up for your products/services, please call us on 08166306272 OR

send an email to ola@olasazzy.com

 

Did you know?

Did you know?

Woman eats a roll of toilet paper daily.

Woman eats a roll of toilet paper daily.

Mom-of-five Jade Sylvester has developed an unusual habit — sheet roll of  toilet paper every day. Which, according to a medical expert, is a disorder that has roots in mental health issues.

The 25-year-old from from Lincolnshire, England, has been downing the bathroom tissue on a daily basis since she first developed the craving while pregnant with her now-15-month-old Jaxon. Now, she eats one roll per day. “I like the feeling of the texture in my mouth, rather than the taste,” Sylvester told the U.K. paper Mirror Online. “I like the dryness.”

The idea to eat toilet paper randomly occurred to Sylvester one day while using the bathroom. “While I was pregnant I went to the loo and looked at the toilet roll and thought ‘I have to eat that’ — I know it sounds silly,” Sylvester told the paper. “Today I try and hold off going to the bathroom because I know if I go I will eat the paper. I usually eat around eight pieces per visit – sometimes I go to the bathroom just to get some toilet roll. It does fill me up quite a bit. At first I used to eat a couple of squares at a time, but I keep eating more and more.”

Culled fro Yahoo news

Humm! What pregnancy will cause…..

Double bombing rocks Jos.

At least 31 people were killed in a double bombing in the Nigerian city of Jos on Thursday, while a 13-year-old girl in an explosives vest was arrested in the northern city of Kano.

The blasts in Jos happened at a makeshift market near the Terminus bus station, which had been set up after a twin car bomb attack in May that left at least 118 people dead.

Mohammed Abdulsalam, coordinator for the National Emergency Management Agency (NEMA) in the city, said the scene of the attack was a densely populated area.

“The bodies recovered so far are 31 but rescue workers are at the scene and the figures may change,” added Pam Ayuba, spokesman for the Plateau state governor Jonah Jang.

The city, which is the capital of Plateau, lies in Nigeria’s “Middle Belt” where the mainly Muslim north meets the mostly Christian south.

It has been targeted by Boko Haram Islamists in the past but is also a hotbed of ethnic and sectarian tensions that frequently boil over into deadly violence.

Culled from Vanguard