The 2018 budget was presented on Tuesday at the Senate during plenary which is expected to be deliberated on by the Senators on Wednesday, May 16, 2018, hoping to be passed on Thursday, May 17, 2018.
An increase in oil exports revenues (as oil price rose in recent months) would help achieve the new spending targets.For the record, President Buhari has earlier indicated that the government plans to invest part of the budget in infrastructure in order to boost the economy which is still struggling to recover from years of recession.
Also, Senate President Bukola Saraki had on April 12, mandated the Committee on Appropriations to tidy up reports on the budget before April 13.
The president who announced the 2018 budget as "Budget of Consolidation", said the projected expenditure would drive rapid economic recovery.
There were equally assurances that the budget would be passed in the first week of May but it was not passed.
Also, the budget has just been laid before the House of Representatives by the Appropriations Committee.
The Senate's decision to increase the budget by over N500 billion was as a result of the increase in oil benchmark from $45 per barrel to $51 per barrel.
The Chairman of the Senate Committee on Media and Public Affairs, Senator Aliyu Sabi-Abdullahi, had on different occasions said the budget would be passed after the report was presented.
He briefed his colleagues on the components of the budget, saying it contains N3.5 trillion for recurrent (non-debt) expenditure, N2.9 trillion for development fund for capital expenditure, N2.2 trillion for debt servicing, N530.4 billion for statutory transfer and N190 billion for a sinking fund for maturing loans.
He said the surplus fund was spread on some "critical sectors" in consultation with the executive.
He added that the increment will allow for a N50.88 billion deficit reduction.
The National Assembly has passed the 2018 Appropriation Bill.
The Senate Minority Leader, Senator Godswill Akpabio, called for the implementation of the budget as that is the only way Nigerians could feel the impact of the passage.
NBC heard the call and announced that it would be picking Brooklyn Nine-Nine off of Fox's bloody cancellation floor. Greenblatt acknowledged the quickest they could get Brooklyn Nine-Nine on the schedule would be midseason.
With more than ten million Australians using Android phones, they could be paying $580 million in unnecessary fees every year. The report said a Google spokesman had refused to answer specific questions, without detailing what the queries were.
Tepper, age 60, has risen to be one of the world's richest hedge-fund managers since he founded Appaloosa Management in 1993. Richardson had owned 48 per cent of the franchise and the Panthers had several minority owners under the previous regime.
Meanwhile, the National Retail Federation expressed concern that the two countries' trade dispute would harm the USA economy. Senate Democrats also criticized the president for appearing to give in to Chinese pressure on the ZTE sanctions.
Bezos also halted two construction projects in Seattle pending the outcome of the head-tax debate, which Sawant called extortion. Herdener then turned the tables, suggesting the people holding the city's purse strings are the problem.
As for the rumoured Nokia X6 price , the smartphone is expected to cost CNY 1,499 for its 4GB RAM, 64GB storage variant. For connectivity, it comes with 4G VoLTE, 802.11ac dual band Wi-Fi, GPS, GLONASS, Bluetooth 5 and a headphone jack.
Get your first look at the insane action in the worldwide gameplay reveal trailer below and check out the live action teaser. If you like open-world FPS titles set in a dystopian universe, then Rage 2 looks to be right up your alley (and mine, too ).
In one of the first signs that Kim was willing to concede Punggye-ri, he announced last month that the site had "done its job". If accurate, the analysis would show that North Korea has taken concrete steps to dismantle the Punggye-ri nuclear test site.
Lava from another fissure that opened over the weekend is making a path for the ocean, about 2 miles (3 kilometers) away. Planes need to be wary of airborne ash which could impact engines and potentially cause engine failure, Accuweather said.
Many celebrities, including Chrissy Teigen and Ellen DeGeneres , have chimed in and shared whether they hear Yanny or Laurel . I, for instance, correctly hear " Laurel ", spoken in a deep male voice with the diction of a seasoned radio announcer.
Capital Investment Advsr Lc owns 183,388 shares or 2.27% of their U.S. portfolio. (NYSE:HD) was sold by Roseborough Teresa Wynn. Sypris Solutions, Inc . (NASDAQ: SYPR ) is projected to report quarterly loss at $0.07 per share on revenue of $20.35 million.
Anti-US cleric takes lead in Iraq election
Sadr has a zealous following among the young, poor and dispossessed but had been sidelined by influential Iranian-backed figures. People in Iraq voted Saturday in the first parliamentary elections since the country declared victory over ISIS terrorist group.
Will Nikki Bella Get Back Together With John Cena?
However, it's just a *tad* awkward to go on TV and talk about how much you want to get back with someone for six minutes straight. He is such a sweetheart and I truly love him so much; he's my best friend. "I want to be the father of her children".
Apple now has 55 self-driving cars in California
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Sadr eyes Govt as poll upset rocks Iraq
MacCallum added that Trump's top military officials, Defense Secretary James Mattis and Joint Chiefs Chairman Marine Corps Gen. Despite a third place finish, Abadi could potentially still remain prime minister after the government coalition is formed.
Hamilton won the pole position at the Spanish Grand Prix
Obviously, if you look from the outside it's easy. "Even in the end, with a fresher set, I wasn't able to attack until the end". Luckily for Verstappen, the damage was only to his front wing endplate and didn't limit his performance too much.
Facebook has deleted millions of spam posts and fake accounts
This is in addition to the millions of fake account attempts Facebook said it prevents daily from ever registering with Facebook . The numbers were disclosed in a report Tuesday that breakdown how much material Facebook removes for violating service terms.
How to Watch the NBA Draft Lottery
Therefore, if you don't see a team take hold in its designated slot above, that means it has vaulted into a top-three selection. At that point, both teams will be on pins and needles hoping the selection falls on the right number.
Boy returns to school after dad's death, 70 cops escort him
He and other officers approached Christopher Wolfe, 21, who died of a gunshot wound after barricading himself inside an apartment. Wearing his father's badge, the boy returned to Sullivan Elementary School with dozens of cops by his side , WNDU reported.