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Zuma Says He Has No Plans To Announce Free Education Programme

Zuma  Says He Has No Plans To Announce Free Education Programme

South Africa’s President Jacob Zuma has no plans to announce a programme for free higher education until he reviews the report of a commission studying the feasibility of such a programme, his office said in a statement on Sunday. The rand slipped to a one-year low on Friday amid reports Zuma was preparing to introduce […]

NASS Gets 2018 Budget Early October – Presidency

NASS Gets 2018 Budget Early October – Presidency

As National Assem­bly resumes plenary tomorrow after its seven weeks recess, the pres­idency has concluded plans to present the 2018 budget to a joint session of Senate and House of Representa­tives very soon. Making this disclosure to The AUTHORITY yes­terday, Special Assistant to the President on National Assembly matters, Sen Solo­mon Ita Enang, said that President Muhammadu Buhari […]

2017 Budget: NASS Draws Battle Line With Osinbajo

2017 Budget: NASS Draws Battle Line With Osinbajo

STRONG indications have emerged that fresh crisis may be looming between the Presidency and the National Assembly over the 2017 budget, as senators and members of the House of Representatives are said to be very with Acting President, Prof. Yemi Osinbajo, for downplaying their power to tinker with the budget. Consequently, the lawmakers vowed not […]

Senate Approves 21% Budget Hike to Boost Economy

Senate Approves 21% Budget Hike to Boost Economy

Nigeria’s lawmakers approved to boost spending by 21 percent this year to help the West African economy recover from its worst slump in 25 years. The Senate, led by its President Bukola Saraki, agreed on Thursday in the capital, Abuja, to increase spending this year to 7.4 trillion naira ($23 billion). That compares to a […]

Nigeria Almost Triples Budget For Niger Delta Amnesty – Presidency

Nigeria Almost Triples Budget For Niger Delta Amnesty – Presidency

Nigeria has almost tripled the budget for an amnesty programme for militants in its oil-producing heartland, the presidency said on Saturday, a key factor in maintaining a tenuous peace in the Niger Delta and supporting crude production. An additional 30 billion naira ($98.47 million) would be released for the former militants and an extra 5 […]

IMF Predicts Nigeria’s Economy Will Contract By 1.8 pct In 2016

IMF Predicts Nigeria’s Economy Will Contract By 1.8 pct In 2016

Nigeria’s economy, the biggest in Africa, is likely to contract by 1.8 percent this year, the International Monetary Fund (IMF) said on Tuesday, as the country grapples with the impact of low oil prices. The sharp fall in global prices since 2014 has led to a prolonged economic crisis since the crude sales make up […]

N93bn debt: DISCOs Embark On Mass Disconnection

N93bn debt: DISCOs Embark On Mass Disconnection

The nation’s power sector crisis deepened, weekend, following the mass disconnection of historic debtors by all the electricity distribution companies, DISCOs, to protest the huge unpaid electricity bills by this class of consumers. For now, all historic debtors, including residential, commercial, industrial and govern-ment establishments across the three tiers of government, would have to find […]

South Africa’s top court to rule on Zuma home improvements

South Africa’s top court to rule on Zuma home improvements

South Africa’s top court rules on Thursday on whether President Jacob Zuma must repay the state some of $16 million spent upgrading his private home, a judgement that could hit the scandal-plagued leader politically as well as financially. In the latest twist to a six-year saga over his sprawling Nkandla residence, the Constitutional Court must […]

Seek alternative funding for roads, Reps tell FG

Seek alternative funding for roads, Reps tell FG

The House of Representatives is disturbed over the paltry budgetary allocations to works, power and housing in the 2016 budget and has called for alternative funding options for road infrastructure in particular. The Chairman, House Committee on Works, Mr. Toby Okechukwu, told The PUNCH on Sunday that options, including Public Private Partnership, must be vigorously […]