ANOTHER WASTE: FEC Approves N1.2 Billion Sewage Facility For Abuja Fringe City

This is another over priced spending that is definately going to be unfinished and ill-worked

The Federal Executive Council (FEC) has approved the award of the contract for the construction of sewage facilities to connect Guzape District (Lots 1 and 2) to the trunk mains (stage 1- connection of Guzape Lot 1) in the FCT in favour of Messrs Golden Construction Nigeria Limited in the sum of N1.2 billion with a completion period of 16 months.

Guzape District is located around the fringes of the FCT and was not initially considered to be part of the Abuja City Master Plan.

Al-Makura Presents N107.9bn Appropriation Bill For 2015

Gov. Tanko Al-Makura of Nasarawa State has presented the 2015 budget proposal of N107.9 billion to the state House Assembly for approval.

Al-Makura presented the budget, tagged “Budget of Sustainability’’, on Wednesday in Lafia.

He said that the fiscal policy was aimed at fighting poverty, unemployment and ensure even development in the state.

The governor was represented by the state supervising Commissioner for Finance and Economic development, Alhaji Mohammed Dan’Azumi.

He said: “A total of N107,904,891,045 had been budgeted for the state 2015 fiscal year appropriation bill in which the recurrent expenditure stand at N63,431,415,954, representing 58.79 per cent, while the capital expenditure estimate is N44,473,475,091, representing 41.21 per cent of the budget.

Dankwambo Proposes To spend N86.7bn In 2015

Gov. Ibrahim Dankwambo of Gombe State on Wednesday presented a budget of N86.7 billion for 2015 to the House of Assembly for deliberation and approval.

The News Agency of Nigeria (NAN) reports that the figure showed N21billion reduction from the N107.7 billion budgeted in 2014.

Dankwambo said the 2015 budget took into account the fall in the price of crude oil at the international market.

“After a careful analysis of our expected resources inflow for 2015, we allocated budget envelopes to all ministries, departments and agencies to guide them in the preparation of their estimates’’, he said.

Okorocha Presents N141.2 Billion 2015 Budget

The Imo State Governor, Rochas Okorocha has presented the sum of 141.2 billion naira to the Imo State House of Assembly as the total budget for the 2015 fiscal year.

While presenting the budget tagged “Budget of Total Rescue and Sustainability” to the Imo State House of Assembly, the governor said 43% will be allotted to recurrent expenditure, totaling 60.7 billion naira while 57% will be allotted to capital projects, totaling 80.5 billion naira.

He said the policy thrust of the 2015 budget is derived from the rescue mission agenda of the his administration which anchored on a 4 year development plan that derived its bearing from the vision of his administration which are belief in God, free education, massive infrastructural development and increased agricultural production to ensure food sufficiency and food security.

The governor added that the 2015 budget will mainly focus on delivery of social services to the people of Imo State.

Governor Okorocha said the expected revenue projections for 2015 is 119.7 billion naira for recurrent items and capital receipts of 21.5 billion naira.

The 2015 budget is just less than five percent increase from the 2014 budget which is 137.7 billion naira.

Nigeria/Mexico launches economic partnership

The Nigeria/Mexico Chamber of Commerce and Industry has been launched to fast track business opportunities in both countries.