Economy

FEC approves draft of 2018 budget

FEC approves draft of 2018 budget”

Reports have emerged that President Muhammadu Buhari will present the 2018 Appropriation Bill to the National Assembly on Tuesday, after the Federal Executive Council (FEC) approved the draft budget estimates today.

The minister said President Buhari will disclose details of the document when the National Assembly is ready to receive the draft.

Meanwhile, the Minister of Finance, Mrs Kemi Adeosun, informed that N450billion capital has so far been released from the 2017 budget.

The minister, however, declined to reveal the details of the proposal, saying "it is the president's prerogative to submit the budget, submit the proposals and give the details".

The FEC meeting was put off on Wednesday, October 25th and rescheduled for Thursday, October 26th on the orders of President Buhari.

The interior minister is now in the eye of the storm after his office allegedly facilitated the reinstatement and promotion of former head of the Presidential Task Force on Pensions Reforms, Abdulrasheed Maina.

Head of the Civil Service of the Federation, Winifred Ekanem Oyo-Ita, who was also linked to Maina's recall was present at the FEC meeting.



Like this

Latest


27 October 2017
Chelsea beat Everton to reach Carabao Cup quarter-final
I am sure every Evertonian watching that, be it here or at home, was proud of that". We limited Chelsea and then opened it up.

27 October 2017
Kansas City attorney shot to death on front porch
Pickert, a personal injury attorney at Fowler Pickert Eisenmenger, LLC, represented the homeless man in the case. Thomas Pickert, a well-known Kansas City lawyer, was shot and killed in his front yard in the Brookside area.

27 October 2017
Andrus Nominated For Gold Glove Award
The Phillies have not had a Gold Glove victor since 2012 when shortstop Jimmy Rollins captured the fourth of his career. Ramirez played 88 games at third, before switching to second to cover for the injured Jason Kipnis.

27 October 2017
Western Digital Corporation (WDC) Stock Rating Upgraded by Zacks Investment Research
The data storage provider reported $2.93 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.51 by $0.42. Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not.

27 October 2017
Progenics Pharmaceuticals Inc. (PGNX) Position Boosted by Ardsley Advisory Partners
Finally, Jefferies Group reiterated a buy rating on shares of Progenics Pharmaceuticals in a research note on Friday, June 10th. The stock is now moving below its 20-Day Simple Moving Average of -12.51% with a 50-Day Simple Moving Average of -6.92 percent.

26 October 2017
Controversy Erupts over 10-Year-Old Illegally in US Needing Surgery
For now, it's unclear how long Rosa Maria will be in the facility, Gonzalez said, but they were told the case would be expedited. As of 2016, there are 35 permanent interior checkpoints and hundreds of "temporary" checkpoints set up to stem drug trafficking.

26 October 2017
Gang Member's 'Attractive' Mugshot Goes Viral
On searching her auto , officers uncovered a lilac handgun (photo included above) which was fully loaded at the time. The gang member's mugshot was then posted to Facebook , and the photo racked up over 3,500 shares in only two days.

26 October 2017
The Brown Advisory Inc. Boosts Stake in Xcel Energy Inc. (XEL)
Taking a quick look at analyst opinions, we can see that the current average broker recommendation on shares of Xcel Energy Inc . Mizuho restated a "hold" rating and issued a $46.00 price target on shares of Xcel Energy in a report on Friday, September 29th.

26 October 2017
Technical Scrutiny: Whiting Petroleum Corporation (WLL), Micron Technology, Inc. (MU)
Fine Capital Partners L.P. raised its position in shares of Whiting Petroleum Corporation by 53.7% during the second quarter. Finally, Baird Financial Group Inc. boosted its position in Whiting Petroleum Corporation by 16.9% in the second quarter.

26 October 2017
Chrissy Teigen Reveals What It's Really Like to Be a Hollywood Assistant
Not only does Chrissy reveal her travel essentials, but she also spills about hanging out with the Obamas and Beyoncé. Taking to Twitter earlier today, Chrissy shared a screenshot of a text she received from her assistant.