FG slashes fuel price!

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he federal government yesterday reduced the pump price of petrol from N87 to N86.50k per litre with effect from January 1st. In a statement signed by the‎ executive secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA) Farouk Ahmed in Abuja, FG said that the Nigeria National Petroleum Corporation (NNPC) retail stations will sell at N86 per litre, while retail outlets owned by oil marketers will sell at N86.50k per litre. ‎ The new price follows the approval of the minister of state for petroleum resources Dr. Ibe Kachikwu. The statement adds that the new price will remain till March 31, 2016. “This is not static; there will be a quarterly review of the pricing template. However, if there is any pricing shift, the minister of state for petroleum resources may call for a review upwards or downward depending on the market condition but for at least the first quarter of 2016 the price will be N86.50/litre while for NNPC it is N86/litre,” he said.

FG declares Dec 24, 25 and 28 as public holidays!

Minister of interior: Col Dambazau (rtd)

The Federal Government has declared holiday for Thursday Dec. 24th (eid el Malud), Friday Dec. 25th (Christmas) Saturday, Sunday and Monday as public holidays...

The declaration was made in a statement by the Minister of the Interior, Rtd Lt.-Gen. Abdulrahman Dambazau. It reads "The Federal Government has declared Thursday, 24th December 2015 as public holiday to mark Eid-E-Maulud celebration. "Friday, 25th and Monday 28th December 2015 have also been declared as public holidays to mark Christmas and Boxing Day celebration."

Full Text Of Budget Presentation by President Buhari.

Read the full text below...

I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session of the National Assembly. I have come here today, not only to address members of the National Assembly, but also to speak directly to the men and women who placed us here.

2. I know the state of our economy is a source of concern for many. This has been further worsened by the unbridled corruption and security challenges we have faced in the last few years. From those who have lost their jobs, to those young people who have never had a job, to the people in the North East whose families and businesses were destroyed by insurgents, this has been a difficult period in our nation’s history, lessons that we must not forget or ignore, as we plan for the future.

3. By June 2014, oil prices averaged $112 per barrel. But as at today, the price is under $39 per barrel. This huge decline is having a painful effect on our economy. Consumption has declined at all levels. In both the private and public sectors, employers have struggled to meet their salary and other employee related obligations. The small business owners and traders have been particularly hard hit by this state of affairs.

4. Fellow Nigerians, the confidence of many might be shaken. However, I stand before you today promising that we will secure our country, rebuild our economy, and make the Federal Republic of Nigeria stronger than it has ever been.

5. The answers to our problems are not beyond us. They exist on our farmlands; our corporations; in the universities in the hearts and minds of our entrepreneurs; through the gallantry of our Armed Forces; and the resolute spirit of Nigerians, especially the youth, who have refused to give up despite all the obstacles confronting them.
6. This Budget proposal, the first by our Government, seeks to stimulate the economy, making it more competitive by focusing on infrastructural development; delivering inclusive growth; and prioritizing the welfare of Nigerians. We believe that this budget, while helping industry, commerce and investment to pick up, will as a matter of urgency, address the immediate problems of youth unemployment and the terrible living conditions of the extremely poor and vulnerable Nigerians.

7. In the medium to longer term, we remain committed to economic diversification through import substitution and export promotion. This will build resilience in our economy. It will guarantee that the problems we have today, will not confront our children and their children. This shall be our legacy for generations to come.

2015: A Year of Global and Domestic Challenges
8. Today, it is widely acknowledged that the global economy has slowed down. This is particularly the case with emerging markets such as Nigeria. However, despite the weak emerging market growth rates, our domestic security challenges, declining oil prices, and the attendant difficulties in providing foreign exchange to meet market demands, the Nigerian economy grew by 2.84% in the third quarter of 2015.

9.  We have, and will continue to implement strategies that will maintain macroeconomic stability and manage the oil price shocks we are experiencing.

10.   Upon the inauguration of this administration on 29th May 2015, we engaged key stakeholders from various sectors of our economy and interfaced with the heads of Ministries, Departments and Agencies (MDAs) in order to understand the true state of our nation. What we found prompted us to take certain strategic decisions.
11.  On the economy, we injected new leadership at the helm of our revenue generating agencies including the Federal Inland Revenue Service (FIRS), Nigerian National Petroleum Corporation (NNPC), Nigerian Communications Commission (NCC), and the Nigerian Customs Service (NCS). We implemented the Treasury Single Account (TSA) which, so far, has provided greater visibility of Government revenues and cash flows. We intervened to support States to navigate their fiscal challenges by restructuring their commercial bank loans and by providing facilities to enable them to pay salary arrears.

12.   We have demonstrated a strong will to fight corruption. I am sure you will agree that the sheer scale of corruption and impunity of the past explains in part, the economic challenges we now face. On these initiatives, and the many more to come, we shall not be deterred. We will pursue the recovery of everything that belongs to the people of Nigeria. No matter where it is hidden. No matter how long it will take.

2015 Budget Performance
13.  Distinguished and honourable members of the National Assembly, I now present a review of the 2015 Budget. That Budget was based on a benchmark oil price of $53 per barrel, oil production of 2.28 million barrels per day and an exchange rate of N190 to the US$.

14.  The projected revenue was N3.45 trillion, with an outlay of N4.49 trillion, implying a deficit of N1.04 trillion. Due largely to under-provisioning by the previous administration for fuel subsidy and the costs required to support the military operations in the North East, the Government had to obtain National Assembly’s approval for a supplementary budget of N575.5 billion. I take this opportunity to thank all members of the National Assembly for the prompt passage of that Bill.

2016: Budget Assumptions
15.   After reviewing the trends in the global oil industry, we have set a benchmark price of $38 per barrel and a production estimate of 2.2 million barrels per day for 2016. We have focused on non-oil revenues by broadening our tax base and improving the effectiveness of our revenue collecting agencies.

16.   Also, with the full implementation of the Treasury Single Account, we expect significant improvements in the collection and remittance of independent revenues. To further support the drive for increased remittances, we will ensure that all MDAs present their budgets in advance, and remit their operating surpluses as required by section 22 of the Fiscal Responsibility Act.

17.  We are determined to ensure that our resources are managed prudently and utilized solely for the public good. To set the proper tone, one of our early decisions was the adoption of a zero based budgeting approach, which ensures that resources are aligned with Government’s priorities and allocated efficiently. This budgeting method, a clear departure from previous budgeting activities, will optimize the impact of public expenditure.

18.   In addition to the proper linkage of budgeting to strategic planning, we are enhancing the utilization of the Government Integrated Financial Management Information Systems (GIFMIS) to improve financial management. The recently established Efficiency Unit is working across MDAs to identify and eliminate wasteful spending, duplication and other inefficiencies. We engaged costing experts to scrutinize the 2016 budget proposals. They have already identified certain cost areas that can be centralized for economies to be made.

19.   We have directed the extension of the Integrated Personnel Payroll Information System (IPPIS) to all MDAs to reap its full benefits. We will also strengthen the controls over our personnel and pension costs with the imminent introduction of the Continuous Audit Process (CAP). These initiatives will ensure personnel costs are reduced. Our commitment to a lean and cost effective government remains a priority, and the initiatives we are introducing will signal a fundamental change in how Government spends public revenue.

2016: Laying the Foundation for Sustainable Growth
20.  The 2016 budget, as outlined, is designed to ensure that we revive our economy, deliver inclusive growth to Nigerians and create a significant number of jobs.

21.   We aim to ensure macroeconomic stability by achieving a real GDP growth rate of 4.37% and managing inflation. To achieve this, we will ensure the aligning of fiscal, monetary, trade and industrial policies.

22.  As we focus on inclusive growth, we are conscious of the current rate of unemployment and underemployment. This is a challenge we are determined to meet; and this budget is the platform for putting more Nigerians to work. I can assure you that this administration will have a job creation focus in every aspect of the execution of this budget. Nigeria’s job creation drive will be private sector led. We will encourage this by a reduction in tax rates for smaller businesses as well as subsidized funding for priority sectors such as agriculture and solid minerals.
23.  As an emergency measure, to address the chronic shortage of teachers in public schools across the country, we also will partner with State and Local Governments to recruit, train and deploy 500,000 unemployed graduates and NCE holders. These graduate teachers will be deployed to primary schools, thereby, enhancing the provision of basic education especially in our rural areas.

24.  We also intend to partner with State and Local Governments to provide financial training and loans to market women, traders and artisans, through their cooperative societies. We believe that this segment of our society is not only critical to our plan for growing small businesses, but it is also an important platform to create jobs and provide opportunities for entrepreneurs.

25.  Furthermore, through the office of the Vice President, we are working with various development partners to design an implementable and transparent conditional cash transfer program for the poorest and most vulnerable. This program will be implemented in phases. Already, the compilation of registers of the poorest persons is ongoing. In the coming weeks, we will present the full programme, which will include our home-grown public primary school feeding and free education for science, technology and education students in our tertiary institutions. Indeed, this will mark a historic milestone for us as a nation.
The 2016 Budget
26.  Distinguished members of the National Assembly, I now present, the 2016 Budget proposals of the Federal Government. Based on the assumptions I presented earlier, we have proposed a budget of N6.08 trillion with a revenue projection of N3.86 trillion resulting in a deficit of N2.22 trillion.

27.  The deficit, which is equivalent to 2.16% of Nigeria’s GDP, will take our overall debt profile to 14% of our GDP. This remains well within acceptable fiscal limits. Our deficit will be financed by a combination of domestic borrowing of N984 billion, and foreign borrowing of N900 billion totaling N1.84 trillion. Over the medium term, we expect to increase revenues and reduce overheads, to bring the fiscal deficit down to 1.3% of GDP by 2018.

28.   In 2016, oil related revenues are expected to contribute N820 billion. Non-oil revenues, comprising Company Income Tax (CIT), Value Added Tax (VAT), Customs and Excise duties, and Federation Account levies, will contribute N1.45 trillion. Finally, by enforcing strict compliance with the Fiscal Responsibility Act, 2007 and public expenditure reforms in all MDAs, we have projected up to N1.51 trillion from independent revenues.

29.   Although we are working to diversify our economy, we will not lose sight of the need to restructure the oil and gas sector which has been marred by corruption and plagued with inefficiencies. Accordingly, I have directed the Petroleum Products Pricing Regulatory Agency (PPPRA) to adjust its pricing template to reflect competitive and market driven components. We believe this can lower input costs and attain efficiency savings that will enable PPPRA to keep the selling price for all marketers of petrol at N87 per liter for now.

30.  The current fuel scarcity with long queues at petrol stations all over the country causing social dislocation is very unfortunate. Government profoundly apologizes to Nigerians for this prolonged hardship and misery. It is as a result of market speculators and resistance to change by some stakeholders. Government is working very hard to end these shortages and bring fuel to the pumps all over the country.

31.   I have also directed the NNPC to explore alternate funding models that will enable us to honour our obligations in Joint Ventures (JVs) and deep offshore fields. We are confident that these measures can be achieved and will lower the burden that the traditional cash calls have imposed on our budget and cash flows as well as contribute towards shoring up our national reserves.

32.   To deliver our development objectives, we have increased the capital expenditure portion of the budget from N557 billion in the 2015 budget to N1.8 trillion, in the 2016 budget. Distinguished and honourable members of the National Assembly, for the first time in many years, capital expenditure will represent 30% of our total budget. In future years we intend to raise the percentage allocation for capital expenditure.

33.   This is a fulfillment of our promise to align expenditure to our long-term objectives, and a sign of government’s commitment to sustainable development. This increased capital expenditure commits significant resources to critical sectors such as Works, Power and Housing – N433.4 billion; Transport – N202.0 billion; Special Intervention Programs – N200.0 billion; Defence – N134.6 billion; and Interior – N53.1 billion. These investments in infrastructure and security are meant to support our reforms in the Agriculture, Solid Minerals and other core job creating sectors of our economy.

34.   We will invest to safeguard lives and property.

35.   We will invest in equipping our farmers with the right tools, technology and techniques.

36.  We will invest in empowering and enabling our miners to operate in a safe, secure and humane environment.

37.   We will invest in training our youths, through the revival of our technical and vocational institutions, to ensure they are competent enough to seize the opportunities that will arise from this economic revival.

38.  Indeed, the future looks bright. And I ask that we all work together to make this vision a reality. The 223% year on year growth in capital expenditure demonstrates our desire to make Nigeria more competitive, and start the journey to deliver sustainable development in our country.
39.  In fulfillment of our promise to run a lean government, we have proposed a 9% reduction in non-debt recurrent expenditure, from N2.59 trillion in the 2015 Budget to N2.35 trillion in 2016. Furthermore, we have budgeted N300 billion for Special Intervention Programs, which takes the total amount for non-debt recurrent expenditure to N2.65 trillion.

39.  As I mentioned earlier, the Efficiency Unit set up by this Administration together with effective implementation of GIFMIS and IPPIS will drive a reduction of overheads by at least 7%, personnel costs by 8% and other service wide votes by 19%. Distinguished and honourable members, this budget will be executed to provide optimum value by ensuring every naira spent by this Government, counts.

40.   We will devote a significant portion of our recurrent expenditure to institutions that provide critical government services. We will spend N369.6 billion in Education; N294.5 billion in Defence; N221.7 billion in Health and N145.3 billion in the Ministry of Interior.  This will ensure our teachers, armed forces personnel, doctors, nurses, police men, fire fighters, prison service officers and many more critical service providers are paid competitively and on time.

41.   Distinguished and honourable members of the National Assembly, our 2016 borrowings will be principally directed to fund our capital projects. Furthermore, the sum of N113 billion will be set aside for a Sinking Fund towards the retirement of maturing loans; while N1.36 trillion has been provided for foreign and domestic debt service. This calls for prudent management on our part, both of the debt portfolio and the deployment of our hard earned foreign exchange earnings.

42.  I am aware of the problems many Nigerians currently have in accessing foreign exchange for their various purposes – from our traders and business operators who rely on imported inputs; to manufacturers needing to import sophisticated equipment and spare parts; to our airlines operators who need foreign exchange to meet their international regulatory obligations; to the financial services sector and capital markets who are key actors in the global arena.

43.  These are clearly due to the current inadequacies in the supply of foreign exchange to Nigerians who need it. I am however assured by the Governor of Central Bank that the Bank is currently fine-tuning its foreign exchange management to introduce some flexibility and encourage additional inflow of foreign currency to help ease the pressure.

44.   We are carefully assessing our exchange rate regime keeping in mind our willingness to attract foreign investors but at the same time, managing and controlling inflation to level that will not harm the average Nigerians. Nigeria is open for business. But the interest of all Nigerians must be protected. Indeed, tough decisions will have to be made. But this does not necessarily mean increasing the level of pain already being experienced by most Nigerians.

45.  So to the investors, business owners and industrialists, we are aware of your pains. To the farmers, traders and entrepreneurs, we also hear you. The status quo cannot continue. The rent seeking will stop. The artificial current demand will end. Our monetary, fiscal and social development policies are aligned.

Conclusion
46.   Mr. Senate President, Mr. Speaker, distinguished members of the National Assembly, in spite of the global economic uncertainties; we must remain steadfast in our commitment to steer this country back to greatness.

47.  The Nigerian economy needs to move away from dependency on oil. Our growth must be inclusive. Nigerians must be part of the growth story. As a Government, we shall deliver security, jobs and infrastructure. This is the right of all Nigerians.

48.  I know many people will say “I have heard this before”. Indeed, trust in Government, due to the abuse and negligence of the past, is at an all-time low. This means we must go back to basics. Our actions will speak for us. My team of dedicated, committed and patriotic Nigerians is well aware of the task ahead and I can assure you that we are taking on the challenge.

49.   We will not betray the trust reposed in us.

50.  We will welcome and be responsive to your feedback and criticisms.

51.  We are here to serve. And indeed, Nigerians will get the service they have longed for and which they rightly deserve.
52.  We as a Government cannot do it alone. We will require the support of all civil servants, the organized labour, industry groups, the press and of course, our religious and traditional institutions. This is a call for all of us to stand and serve our country.

53.  This Budget represents a major step in delivering a new opportunity for Nigeria. It demonstrates our confident optimism that despite the challenging times, we have the will, resourcefulness and commitment to deliver prosperity to our people. And by the Grace of Almighty God and the sheer will and determination of the Nigerian people, we will come out stronger and more united than ever.

54.  Thank you and God bless the Federal Republic of Nigeria.

OPEN LETTER TO LAI MOHAMMED

 Dear Honourable Minister Lai Mohammed, Greetings and congratulations on your recent and well deserved appointment as Nigeria’s Minister of Information. You may recall that we met on the set of ‘Politics Today’ in May of 2011 soon after I was interviewed by Deji Bademosi and just before you were interviewed. The purpose of my letter to you today is in response to your statement made on Monday the 21st of December, 2015 in which you accused former President Goodluck Jonathan, whom I served as one of three spokesmen, of being responsible for the current excruciating fuel scarcity now subsisting in Nigeria. Your exact words were “What I will be telling Nigerians is that what we met on ground is such that we are paying for the sins of the last administration…..One of the reasons for the fuel scarcity was the inability of the last government to make adequate provision for fuel subsidy”. My candid take on your message to Nigerians is that it is an abdication of responsibility on your part and does not project you and the government you represent as being responsible. Government, as you very well know, is a continuum. One government takes over from where the other stopped and to say that an action in December of 2015 (six months after ex President Jonathan handed over to the incumbent on May 29th, 2015, ) is the fault of the last President, is to confer super human powers on Jonathan. To prove to you that it is wrong to blame the former President, I will quote the words of the incumbent President. A month ago, President Buhari, while speaking to the Nigerian community in the Iranian capital, Tehran, said “I believe if you are in touch back at home, you would have been told that already there is some improvement in power”. Those were the words of President Muhammadu Buhari in Tehran on November 25th, 2015. You, Honourable Minister, also boasted about the improvement in power back in August 2015, when you attributed the improvement to the ‘body language’ of the ‘new sheriff’ in town. You may recall that you said “I say it anywhere I go that even though we have not added one single megawatt to power, there has been improvement. ALSO READ:  President Buhari’s Healthy Jab For The Civil Service My colleagues in the PDP will say no; that’s not true. But I maintain that this improvement is as a result of the kind of integrity that President Buhari has brought to leadership.” Now, you and I know that despite what you said about the President’s “body language”, there is absolutely no way that any action or inaction of President Muhammadu Buhari could have led to an improvement in power. All the new power stations that have come on stream this year were either built or completed by Jonathan. Absolutely all of them were conceived, funded, built and commissioned by Peoples Democratic Party, PDP, Presidents, the same party that you said had destroyed Nigeria. On October 19th, 2013, then President Jonathan completed and commissioned the 530 Megawatts Omotosho Power station Phase 2 begun by his predecessor. On February 20th, 2015, he commissioned the 750 MW Olorunsogo II Power Station in Ifo Local Government Area of Ogun State. On March 24th, 2015, Jonathan also commissioned the Phase I 504MW (Simple Cycle Gas) Alaoji Power Plant at Umuobasi-Ukwu, Abia State. Former President Jonathan was also the leader who successfully privatized major chunks of our power generation and distribution infrastructure. He also created the Nigerian Bulk Electricity Trading PLC. So concerned was President Jonathan to know the state of electricity provision that I had to do regular, sometimes weekly, polls and surveys on Twitter to get the public’s feedback on the state of power in their locales. Yet, despite all these, President Buhari and you, Honourable Minister, were not shy at taking credit for the improvement in electricity in far away Tehran and Lagos at various times this year. One wonders why the same “integrity” you credited for automatically improving power cannot provide fuel?   Don’t you think it is a bit rich to blame ex President Jonathan for the current fuel subsidy especially given the fact that leading lights of your party resisted and rejected the ex President’s move to do away with fuel subsidy by deregulating the down stream sector of the petroleum sector? Indeed Honourable Minister, you may recall that as the National Publicity Secretary of the then Action Congress of Nigeria, you released a statement condemning the then government’s plans to deregulate the petroleum industry and remove fuel subsidy and also said that the removal of fuel subsidy was “a threat to Nigeria’s unity”. Sir, you would agree with me that it is only honourable to take the bitter with the sweet. I am reminded of my 10 year old daughter’s comments to me every time I accuse her of watching too much television. She quotes a line from the Disney movie, ‘A Bug’s Life’ in which Hopper says to Atta “First rule of leadership: Everything is your fault”. If my daughter at 10 is aware of this rule, shouldn’t a minister of the Federal Republic of Nigeria, who also happens to be over 60 years of age, and who also happens to be the official spokesperson of the current administration know this rule? A bad workman may blame his tools, but it takes an irresponsible workman to blame his predecessor! When Jonathan became President on May 6th, 2010, he met a comatose railway network. He did not blame his predecessors. Rather, he went to work. Within two years, he successfully rehabilitated a significant portion of our national railway infrastructure and had restored intra and inter city routes for the first time decades. He made it possible for Nigerians to travel from Lagos to Kano for less than $10 (₦1600). There were services from Port Harcourt to Enugu, Makurdi to Port Harcourt and Gombe-Kafanchan-Kaduna to mention but a few. For the first time in decades, there was a direct rail transport from Tin Can Island Port in Lagos all the way to Kano with stops along the way. Jonathan successfully built the brand new standard gauge 187 kilometer Abuja-Kaduna railway which will make it possible to live in Kaduna and work in Abuj a .Within Lagos, he introduced air conditioned fast Diesel Multiple Unit trains, the first of its type in Nigeria. I quite remember that when I wrote about these accomplishments, members and sympathizes of your party publicly labeled me a liar. I remained a liar in the eyes of the Nigerian public until my recent surprise vindication by the new Minister of Transport, Rotimi Amaechi, who said while on a familiarization tour of the Nigerian Railway Corporation as follows “in fact, I think we have a problem; most people don’t believe that the railway transport is functioning in Nigeria. I didn’t even know, until I started this tour, I never knew that the railway was functioning, it was even from his (MD’s) speech that I learnt that there are some coaches or services that go to Kano or Port Harcourt or elsewhere. So we need to make people become more aware that the narrow gauge is working, and that people can still use it to travel around that country.” Now, Honourable Minister Lai Mohammed, who do we blame for this remarkable progress in our rail sector? Let me end this letter to you with a quote from best selling author, Dr. Steve Maraboli: “It’s time to care; it’s time to take responsibility; it’s time to lead; it’s time for a change; it’s time to be true to our greatest self; it’s time to stop blaming others.” Thank you and be assured of my continued loyalty and support to the Federal Republic of Nigeria


Reno Omokri is a former presidential aide under the Goodluck Jonathan administration

Credits Abel Abel.com

Nigerians to pay more for Electricity!

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Following the increase of the charges for electricity consumption across the country by the Nigerian Electricity Regulatory Commission (NERC) Nigerians will spend more money on electricity.

NERC issued a statement announcing the removal of fixed electricity charges. The commission said that Nigerians would now have to pay for “only what they consume”.

The statement read in part: “Although, the new tariff regimes comes with an increase in energy charges, all electricity consumers (residential as well as commercial) will no longer pay fixed charges, so their total bills will depend on the electricity they actually consume and may be reduced when they conserve electricity.”

 “This is in line with NERC’s mandate to be fair in all its regulatory interventions.

“Consumers will no longer be spending money every month to pay for fixed charges even when they do not receive electricity in their homes and business. The objective of the new tariff is to enable prudent consumers to save money on electricity bill as they can now control their consumption and not pay monthly fixed charges.

“For instance, residential customer classification (R2) in Abuja Electricity Distribution Company will no longer pay N702.00 fixed charge every month. Their energy charge will increase by N9.60. Also, residential customers (R2 customers) in Eko and Ikeja electricity distribution areas will no longer pay N750. 00 fixed charges. They will be getting N10 and N8 increase respectively in their energy charges.

“Similarly, the burden of N800.00 and N750.00 fixed charges would be lifted off the shoulders of Kaduna and Benin electricity consumers. These consumers will see an increase of N11.05 and N9.26 respectively in their energy charges.

“The new tariff is also good news for commercial consumers For example, commercial customers’ classification C2 in Ibadan and Enugu will no longer pay fixed charges of N17, 010. 00 and N22, 141. 00. Their energy charge will increase by N12.08 and N13.35 respectively.

“In line with the transparent disposition to its operations full details of the new tariff regime would be advertised in major national dailies and commission website within the next 24 hours.”

The House of Representatives just recently called on commission to immediately stop its plans to increase electricity tariff, waiting the conclusion of the investigations into the operations of the NERC and electricity distribution companies.

Credit Naij.com

Chelsea Sacks coach!

Chelsea football club and coach has parted ways by mutual consent according to club sources. Chelsea has endured  a terrible  start to the premier league in as much as ten years and has left them languishing a t the sixteenth spot on the league
 Jose mourinho remains Chelsea most successful coach in its 110 years history.

President Buhari set for 2016 Budget Presentation Next week.

Nigerian President Muhammadu Buhari will present the 2016 budget to avjoint session of the National Assemblyband Senate on Tuesday the 22nd of December 2015.