Hi-Tech

We increased 2018 budget with Executive approval - Shehu Sani

We increased 2018 budget with Executive approval - Shehu Sani

The Budget document passed on the floor of the senate is similar to what is being considered by the house of representatives and it shows and increase of N508 billion to take it to N9,120, 334,988,225 from the N8.6 trillion presented by Buhari.

President Buhari had on November 7 presented N8.6 trillion budget estimate to the joint session of National Assembly but a report presented to the House by the Committee on Appropriations was raised to N9.1 trillion.

Also jerked-up by the lawmakers is the crude oil benchmark which has been increased from its earlier $45 per barrel to $50.5 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.

The 2018 budget is Nigeria's highest budget estimate ever.

The 2017 budget expires on May 31, 2018.




A debt servicing cost of 2,203,835,365,699 and statutory transfers of 530,421,368,624.

The Senate and the House of Representatives have passed the 2018 budget, raising it by N500 billion. In the last nineteen years of democracy, budgets have always been delayed.

Buhari, who announced the 2018 budget as "Budget of Consolidation" said the projected expenditure is expected to consolidate on the achievements of previous budgets, and deliver on Nigeria's Economic Recovery and Growth Plan (ERGP) for 2018 - 2020.

The Senate attributed the delay to failure of Ministries, Departments, and Agencies (MDAs) to submit details of the budget proposals and refusal to avail themselves before the standing committees to defend their budgets.

The Nigerian Senate, on Wednesday, passed the 2018 Appropriation Bill, six months after its presentation.

" I think it is very clear that the mandate we give to them is one week".


  • Rejoice, fans: Lando: A Star Wars Story is probably happening

    Rejoice, fans: Lando: A Star Wars Story is probably happening

    In addition to the Lando movie, there's also rumors that pre-production has already begun for an Obi-Wan Kenobi spin-off film. Lando Calrissian , the smoothest smuggler in the galaxy, may be the subject of the next Star Wars stand alone movie.
    EA Officially Confirms Battlefield V

    EA Officially Confirms Battlefield V

    Actually, it wasn't EA but Trevor Noah, known to many as the host of The Daily Show , who let the cat out of the bag. But the tweet describes it as "V EXCITING!" and at the end of the video , he says, "We've got big news".
    Severe Storms Leave Thousands Without Power In Connecticut

    Severe Storms Leave Thousands Without Power In Connecticut

    In Maryland, a commuter train was stranded in several feet of water, forcing people to move to the top level of the train auto . A National Weather Service team will be traveling to Sullivan, New York, on Wednesday, where a possible tornado was reported.
  • First climbers of 2018 reach Mount Everest summit

    First climbers of 2018 reach Mount Everest summit

    Fellow guides Apa and Phurba Tashi had previously been tied for the record at 21 but have both retired from climbing. Shrestha said a total of 94 climbers reached the summit on Wednesday because of good weather conditions.
    NDSU Men's Golf Completes First Round of its First-Ever NCAA Regional

    NDSU Men's Golf Completes First Round of its First-Ever NCAA Regional

    Top-seeded Oklahoma shot five-under, giving themselves a five-stroke cushion over Auburn, Arkansas, and North Florida at even par. You look at Texas and NC State and some others, and they have guys who have shot 64 and 65, and we haven't had that yet.
    Guatemala joins U.S. , opens embassy in Jerusalem

    Guatemala joins U.S. , opens embassy in Jerusalem

    Israel regards all of the city, including the eastern sector it annexed after the 1967 conflict, as its capital. Paraguay has also announced that it would move its embassy from Tel Aviv to Jerusalem by the end of May.
  • Iran's oil customers in Europe keep buying, but expect problems with financing

    Iran's oil customers in Europe keep buying, but expect problems with financing

    Foreign companies that do business in the country have also been banned from accessing American banking and financial systems. The sanctions will target critical sectors of Iran's economy, including petrochemicals, energy and finance.
    First doses of experimental Ebola vaccine arrive in DR Congo

    First doses of experimental Ebola vaccine arrive in DR Congo

    These were sequel to a motion moved to that effect by Senator Oluremi Tinubu (APC, Lagos Central). Abdulrahman Dambazau (retd.), "to take necessary steps to check immigration".
    Autopsy confirms St. Petersburg man died from vape pen explosion

    Autopsy confirms St. Petersburg man died from vape pen explosion

    In this case, the autopsy noted that D'Elia was using a "mod" type e-cigarette manufactured by Smok-E Mountain. An exploding electronic cigarette is being blamed for the death of a man in the United States.
  • Kurt Cobain's Daughter Loses Nirvana 'MTV Unplugged' Guitar In Divorce Settlement

    Kurt Cobain's Daughter Loses Nirvana 'MTV Unplugged' Guitar In Divorce Settlement

    According to reports , the 25-year-old finally settled her divorce from her husband of two years on Monday, May 14. Although the couple became legally separated the guitar has been the focus of a two year legal battle.
    Shenmue 3 Officially Delayed To 2019

    Shenmue 3 Officially Delayed To 2019

    Creator Yu Suzuki also apologized for the delay, promising "to use this time to improve the quality of Shenmue 3 ". This is a bit of a setback considering that the game has been in and out of development over the last decade.
    Senate likely to vote Wednesday to restore net neutrality

    Senate likely to vote Wednesday to restore net neutrality

    Anna Eshoo, D-Calif., Hakeem Jeffries, D-N.Y., who are leading the effort to bring Doyle's bill to the House floor. Senate Minority Leader Chuck Schumer spoke after the vote, arguing that "at stake is the future of the Internet".