CBN Report: FG Recorded N150.36bn Fiscal Deficit In April

By Chris Udochukwu Abuja – The figures obtained from the Central Bank of Nigeria’s April report on ‘Fiscal operations have it that the Federal Government recorded a fiscal deficit of N150.36bn in April, after recording an aggregate expenditure of N559.67bn and retained revenue of N409.31bn. Figures obtained from the Central Bank of Nigeria’s April report on ‘Fiscal operations of the Federal Government’ revealed on Saturday. Part of the report read “Federation revenue rose by 28.2 per cent in April 2021 to N1.12tn, relative to N862.79bn in March 2021, owing to improved non-oil earnings. “However, the retained revenue of the Federal Government of Nigeria at N409.31bn, was 38.5 per cent below target. “Similarly, the provisional aggregate expenditure of the FGN, at N559.67bn, was 50.6 per cent below the budget benchmark and 59.4 per cent short of the level in March 2021. Read AlsoIncreasing spending: FG’s three-year deficit hits N15.4tn amid revenue crisisGovt should cut frivolous spending to tackle fiscal deficit — Prof. OnaloFG recorded N485.51bn fiscal deficit in January – CBN“Consequently, the fiscal operations of the FGN in April 2021 contracted …

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See The Shabby Treatment Of Obadiah Mailafia At Abuja Hospital That LED To His Death – M’Belt Forum Narrates

The Middle Belt Forum on Sunday provided a detailed insight on how one of its promoters and former Deputy Governor of the Central Bank of Nigeria, Dr. Obadiah Mailafia died at the University of Abuja Teaching Hospital Gwagwalada, Abuja. The organization said his case was shabbily treated by doctors. The National Publicity Secretary of MBF, Dr. Isuwa Dogo, made the clarification in a statement issued in Abuja. The statement read, “The death of the former Deputy Governor of the Central Bank of Nigeria at the University of Abuja Teaching Hospital Gwagwalada, Abuja, this (Sunday) morning came to us as a great shock. “As someone who relentlessly participated in the activities of the Middle Belt Forum, his untimely death has dealt a deadly blow on ethnic nationalities of not only the Middle Belt but the country at large. “Arising from various enquiries from Nigerians over the circumstances of his death, the Forum wishes to state as follows: That Dr Mailafia arrived in Abuja last Sunday, September 12, 2021, from Akure and was received at the Nnamdi Azikiwe International Airport by his …

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Buhari Approves Incorporation Of NNPC, Appoints Board Members (See Full List)

Abuja – President Muhammadu Buhari on Sunday directed that the Nigerian National Petroleum Company Limited be incorporated. He also approved the appointment of the Board and Management of the NNPC Limited with Senator Ifeanyi Ararume as Chairman. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, was appointed Chief Executive Officer. This was contained in a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, saying that the president acted in accordance with the Petroleum Industry Act 2021. The statement read, “President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited. “This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company. “The Group Managing Director of the NNPC, Mr Mele Kolo Kyari, has, therefore, been directed to take necessary …

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Be Careful With FFK, He’s A Serial Betrayer – Adaji To Buhari, APC

By Callistus Agwaza, Jalingo Abuja – Following the controversial defection of Mr Femi Fani Kayode to the All Progressive Congress APC last week, a chieftain of the party Mr Ben Adaji on Sunday urged the leadership of the party and President Muhammadu Buhari to tread carefully with Kayode as he is known to be a serial betrayer. Adaji who said Kayode who recently decamped from the Peoples Democratic Party (PDP) to the ruling APC should not be given any special treatment vowed to mobilize youths in the party to protest against President Muhammadu Buhari if he would consider giving an appointment to Femi-Fani Kayode, describing him as a serial betrayer. He recalled that the same politician left the APC at it’s infantile stage and crossed to PDP in 2014, castigating the APC as an Islamic party that had a mission to Islamise Nigerians and to inflict pains on Nigerians. Adaji, a veteran journalists and political scholar who aspired for the House of Representatives in Anpka, Olamaboro and Omala federal Constituency of Kogi state in 2015 and 2019, also recalled that …

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Revealed! Why Northern Power Brokers Are Settling For Jonathan

By Chris Udochukwu Abuja – The entrant of the former Minister of Aviation, Femi Fani-Kayode and the proposed plan to bring in former President Goodluck Jonathan into the ruling party are igniting fresh crisis in the All Progressives Congress (APC). This is also as facts are emerging from APC Chieftains as to why the northern power brokers are heal bent on settling with former President Goodluck Jonathan as it flag-bearer in the 2023 general election. Recall that President Muhammadu Buhari had on Thursday, last week, at the State House Abuja, formally received Fani-Kayode into the party in company of the National Chairman, APC Caretaker/Extraordinary Convention Planning Committee, Governor Mai Mala Buni and Zamfara Governor, Bello Mohammed Matawale, while the planned entrant of former President Jonathan has remained in the realm of speculation. The entrant of the former Aviation Minister and Jonathan’s proposed crossing over to the ruling party have continued to generate hostile, negative criticisms and cold reception from party chieftains instead of celebrating what many would consider the capture of two big fishes. In a chat with Sunday Sun, …

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Again, Hoodlums Set Enugu INEC Office Ablaze

By Ogechi Okorie Enugu – Report reaching Precise Post has it that the office of the Independent Electoral Commissioner (INEC) in Awgu Local Government Area of Enugu was Sunday morning set on fire by unknown hoodlums. According to News Express, the arsonists climbed through the perimeter fence to gain access. The fire which started in the early hours of Sunday did substantial damage to the Office, even as the quick response of the Fire Service helped to salvage the situation. The Fire Service Station in Ozalla were said to have responded quickly giving credence to the establishment of Fire stations in local government areas by Governor Ifeanyi Ugwuanyi. This might be the resurgence of attacks on INEC Offices which had stopped after the state Headquarters in Enugu and some local areas like Udenu Office, were torched.

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Obadiah Mailafia, Former CBN Deputy Governor Dies at 64 In National Hospital

By Our Reporter. Abuja (Precise Post) – Former deputy governor, Dr Obadiah Mailafia who was the Presidential candidate of the African Democratic Congress in the 2019 election has passed on at the age of 64. Mailafia, who was a columnist with The PUNCH was said to have died at midnight after a brief illness. The former deputy governor, who was the Presidential candidate of the African Democratic Congress in the 2019 election, was a known government critic and had advocated for public sector and exchange rate reforms. Mailafia was born on December 24, 1956, in the Sanga Local Government Area of Kaduna State. He later graduated top of his class at Ahmadu Bello University, Zaria, in 1978 with a B.Sc. Honours Social Sciences degree (Politics, Economics, and Sociology). He also has an M.Sc. from the same institution. He subsequently won a French Government Scholarship to France, where he earned a Certificate in French Language and Civilisation from the University of Clermont-Ferrand in 1985. Mailafia later proceeded to the United Kingdom as a Foreign and Commonwealth Office Scholar at Oriel College, …

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