FEDERAL MINISTRY OF FINANCE: Announcement of pricing of US$1 billion notes by FG under its US$1 billion GMTN Programme

Announcement of pricing of US$1 billion notes by the Federal Republic of Nigeria under its US$1 billion Global Medium Term Note programme
Abuja: 9th February 2017: The Federal Republic of Nigeria (the “Republic”) today announces that it has priced its offering of US$1 billion aggregate principal amount of notes (the “Notes”) under its newly established US$1 billion Global Medium Term Note programme.

The Notes will bear interest at a rate of 7.875% and will mature on 16th February 2032 with a bullet repayment of the principal.

MIND BUNGLING REVELATIONS: MY ALLEGATIONS ARE AGAINST DOGARA, LASUN AND 2 OTHERS NOT HOUSE OF REPS - JIBRIN

Below is an unedited email of latest revelation sent out by Hon Adbdulmumin Jibrin a while ago !

MY ALLEGATIONS ARE AGAINST THE QUARTET OF SPEAKER YAKUBU DOGARA, DEPUTY SPEAKER YUSUF LASUN, HOUSE WHIP ALHASSAN DOGUWA AND MINORITY LEADER LEO OGOR NOT THE HOUSE OF REPRESENTATIVES AS AN INSTITUTION AS MR SPEAKER DESPERATELY WANTS HONOURABLE MEMBERS AND THE GENERAL PUBLIC TO BELIEVE.

I am compelled again for the purpose of emphasis to state categorically clear that my allegations are against the quartet of Speaker Yakubu Dogara, Deputy Speaker Yusuf Lasun, House Whip Alhassan Doguwa and Minority Leader Leo Ogor not the Honourable House as an institution nor other members of the body of principal officers. The other members of the body of principal officers were to the best of my knowledge completely excluded from decisions on the 2016 budget and the budget inputs inserted on their names were exclusively carried out by these QUARTET.

I have to state this very clearly because these QUARTET have resorted to desperate moves to drag the entire House of Representatives into the case of gross abuse of office I have levelled against them as individual Presiding and Principal officers of the House. This is clearly a mischievous move to set me on collision with the entire house. They have also recruited four from the VERY FEW members of their cabal to use some elements of the Nigeria police to kidnap, harass, blackmail and intimidate me into silence.

Until yesterday, the police were laying siege by my house blocking the entrance and exit shouting that they want budget documents. They embarrassed my entire family with a nursing mother and a seven-month old baby that cried all night. The game plan was to arrest me and dump me in police net while a heavy media propaganda will be carried out to mislead the world that I have been sacked and police have picked me up as a culprit in 2016 budget. Whenever I am released, an irreparable damage would have been done to my person and that will stick for life. 

Directives on the Economy: Buhari Orders Full Exploration of Solid Minerals in the Country,

At a time oil volatility seems to be hampering the ‎full implementation of the 2016 budget, President Muhammadu Buhari, has demanded for a full exploration of solid minerals in the country, in order to enhance revenue.

The President who made this known through the Vice President, Yemi Osinbajo, said the Federal Government is committed to tapping iron ore in the country.

Presently, Nigeria is the 12th largest iron ore resource country in the world, and second largest in Africa.

Nigeria has about 2 billion metric tonnes of iron ore reserves.

From Plans To Actions: Breakdown of 2016 budget to be presented Thursday

Minister of budget and national planning, Udo Udoma says the official breakdown of the 2016 budget will be presented on Thursday.

According to a statement which the ministry issued in Abuja on Monday, the strategic implementation plan of the budget would also be presented on the same day.

The statement signed by James Akpandem, Udoma’s media aide, said the minister would perform the assignment with Zainab Ahmed, minister of state of budget and planning.

Akpandem said the budget breakdown will take place at the banquet hall of the state house at 10 am.

FOR THE RECORD: REMARKS BY PRESIDENT MUHAMMADU BUHARI AT THE SIGNING OF THE 2016 APPROPRIATION BILL INTO LAW ON FRIDAY, MAY 6, 2016, ABUJA

1. It gives me great pleasure today to sign the first full-year budget of this administration into law. I thank the leadership of the National Assembly, in particular, the Senate President and the Speaker of the House of Representatives, and indeed all members of the National Assembly for their cooperation in making this a reality.

2. The budget is intended to signpost a renewal of our commitment to restoring the budget as a serious article of faith with the Nigerian people. This Administration is committed to ensuring that henceforth the annual appropriation bill is presented to the National Assembly in time for the passage of the Act before the beginning of the fiscal year.

Saraki Condoles With Victims of Jebba Train Accident

Following report of collision of two trains at Jebba Bridge bordering Kwara and Niger States in which some passengers were reported to have died and several injured, Senate President, Dr Abubakar Bukola Saraki has expressed shock and sadness over the tragic incident while also commiserating with the families of the deceased.

In a statement signed by Special Assistant ( New Media) to the Senate President, Mr. Bamikole Omishore, Saraki expressed sympathy with those who sustained injury in the incident and prayed to Almighty God to heal their wounds.

He also urged the management of the Nigeria Railway Corporation (NRC) to investigate the cause of the accident and immediately put in place measures to prevent recurrence.

PHOTONEWS: President Buhari signed 2016 Budget into Law in Statehouse

President Muhammadu Buhari signed 2016 Budget into Law in Statehouse on 6th May 2016.

President Buhari Signing the 2016 Budget into law at the statehouse

President Buhari after signing the Budget into Law at the statehouse

President Buhari ‘ready’ to sign Budget on Friday

All things being equal, President Muhammadu Buhari will sign the 2016 Appropriation Bill into law on Friday. A source, who spoke on a condition of anonymity on Thursday, said the President is now “ready” to sign the budget on Friday.

According to him, a clean copy has been sent to the Presidency from the National Assembly. He said: “All things being equal, the President will on Friday assent the 2016 Budget.”

“The two committees have finished their work and a clean copy is now with the Presidency.”

PHOTONEWS: VP Osinbajo presided over Federal Executive Council (FEC) meeting, Approved Strategic Implementation Plan for 2016 Budget

Vice President Yemi Osinbajo presided over today's Federal Executive Council (FEC) meeting. 

At the meeting Council approved the Strategic Implementation Plan for the 2016 Budget.

2016 Budget panel to conclude work today

The Presidency may have to wait till today or tomorrow for the finetuned 2016 budget as the 20-man committee working on the document may resolve the grey areas and clean it up today.

President Muhammadu Buhari was said to be “anxiously awaiting” the budget last night. According to sources, the 20-man team from the National Assembly and the Federal Executive Council will hold final round of consultations on the grey areas today in Abuja.

The committee will shun the public holiday to consider the National Assembly’s review of the budget. Members of the committee from the National Assembly are House of Representatives Deputy Speaker Lasun Yusuf, Senate Leader Ali Ndume, Sen. Danjuma Goje( Chairman, Senate Committee on Apprporiation), Hon. Abdulmumin Jibrin( Chairman, House Committee on Appropriation) Sen. Biodun Olujimi.