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
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
Explosive Anthony Joshua values entertainment in boxing as much as wins
You can only achieve what you see and they see an Olympic champion, a world champion, [and] it gives them inspiration. Joshua said. "This is someone who is tough, can go the distance". 'He will respect me because of my fighting style'.

27 October 2017
Curry Calls $50K Fine An 'Expensive Mouthpiece Toss'
The Raptors even swung the scoreboard back in their favor and took a five-point advantage, 112-107, with 2:13 remaining. Curry sunk two more free throws to ice the game, a nice topper for his layup and game-winning three.

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
Marshawn Lynch returns to his high school to run over teenagers
Oakland Raiders star running back Marshawn Lynch showed up at his old high school this week to suit up for a football practice. At first he runs over a few players before they eventually get one over on him by gang tackling him for a loss.

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
Vin Diesel Reveals Major 'Fast & Furious 9' and '10' Updates
Fast and Furious 9 is expected to arrive in theaters on April 10, 2020 after it was delayed from its original April 19, 2019 release date.

26 October 2017
Insider Activity for Investors: AbbVie Inc. (ABBV)
It improved, as 55 investors sold AbbVie Inc shares while 581 reduced holdings. 13 funds opened positions while 41 raised stakes. This activity has been headed largely by Robert Michael, an officer of the company. 641,466 are owned by Ameriprise Financial.

26 October 2017
'Veronica Mars' revival is "going to happen", according to Kristen Bell
The film was funded by a Kickstarter campaign that Bell and Thomas launched, which gained more than $5.7 million in total. She has appeared on Broadway in THE CRUCIBLE and THE ADVENTURES OF TOM SAWYER, and now stars in NBC's THE GOOD PLACE .



Recommended