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See Comprehensive Breakdown Of 2018 Budget

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Yesterday, President Muhammadu Buhari presented a budget of N8.612 trillion before the joint session of the House of Representatives and the Senate.
Budget size: N8.612 trillion (16 % higher than 2017 estimates)
Assumptions, projections
• Benchmark crude oil price-US$45 per barrel
• Oil production estimate – 2.3 million barrels per day
• Exchange rate – N305/US$ for 2018
• Real GDP growth of 3.5 per cent
• Inflation Rate of 12.4 per cent
Expenditure Estimates
The proposed aggregate expenditure of N 8.612 trillion (16 per cent above 2017 budget estimate)
will comprise
• Recurrent Costs of N3.494 trillion
• Debt Service of N2.014 trillion
• Statutory Transfers of about N456 billion
• Sinking Fund of N220 billion (to retire maturing bond to local contractors)
• Capital Expenditure of N2.428 trillion (excluding the capital component of statutory transfers).
Recurrent Expenditure
A substantial part of the recurrent cost proposal for 2018 is for the payment of salaries and overheads in key ministries providing critical public services such as:
• N510.87 billion for Interior
• N435.01 billion for Education
• N422.43 billion for Defence
• N269.34 billion for Health
Capital Expenditure
Key capital spending allocations in the 2018 Budget include:
• Power, Works and Housing: N555.88 billion
• Transportation: N263.10 billion
• Special Intervention Programmes: N150.00 billion
• Defence: N145.00 billion
• Agriculture and Rural Development N118.98 billion
• Water Resources: N95.11 billion
• Industry, Trade and Investment: N82.92 billion
• Interior: N63.26 billion
• Education N61.73 billion
• Universal Basic Education Commission: N109.06 billion
• Health: N71.11 billion
• Federal Capital Territory: N40.30 billion
• Zonal Intervention Projects N100.00 billion
• North East Intervention Fund N45.00 billion
• Niger Delta Ministry: N53.89 billion
• Niger Delta Development Commission: N71.20 billion.
Key projects and programmes to be implemented in 2018:
• N9.8 billion for the Mambilla hydro power project, including N8.5 billion as counterpart
funding
• N12 billion counterpart funding for earmarked transmission lines and substations
• N35.41 billion for the National Housing Programme
• N10.00 billion for the 2nd Niger Bridge
• About N300 billion for the construction and rehabilitation of strategic roads
Regional Spending Priorities for Peace, Security and Development
• N65 billion for the Presidential Amnesty Programme has been retained in the 2018 Budget
• Capital provision for the Ministry of Niger Delta increased to N53.89 billion from the N34.20 billion provided in 2017
• Completion of East-West Road, with a provision of about N17.32 billion in 2018

Source: Tori

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Dr Anu Adepoju Of Med Contour Reportedly Suspended From Medical Practice

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Dr. Anu Adepoju of Med Contour has reportedly been suspended from practising by the Nigerian Medical and Dental board.

Twitter influencer and doctor, Dr. olufunmilayo shared the new via his Twitter page, noting that the board reached its decision after an investigation into the death of one of her patients as well as another who had complications from surgery.

Recall that an Instagram Influencer, Omohtee called out Dr Anu Adepoju earlier in the year for ruining her buttocks after suffering complications from a surgical procedure despite paying the sum of 1.5 million naira for a Brazilian butt lift.

Anu Adepoju was also alleged to have killed a beauty queen in 2018, the result of a failed procedure.

According to Dr. Olufunmilayo, Anu graduated from College of Medicine, Unilag in 2017 and performed plastic surgery on a patient in December 2018 when she was a House Officer.

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Davido celebrates his mum on her posthumous birthday

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David Adedeji Adeleke (born November 21, 1992), better known as David’s mum, Veronica Adeleke, would have turned a year older today November 23.

He posted this throwback photo of he and his mum on his Instagram this afternoon with the caption;

”Happy Birthday Mama … love and miss you always”

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Death threats issued on WizKid associates by 30BG crew is unbelievable – Kemi Olunloyo

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Kemi Olunloyo known for holding controversial opinions has disclosed that Wizkid and Davido have taken their feud to another level.

According to a post sighted on her social media page, she has alleged that the 30 Billion Geng crew of Nigerian artist Davido are threatening the associates of Wizkid outside Nigeria.

Kemi Olunloyo has however urged Davido to control his crew members or anyone behind it because they can be arrested.

Her tweet reads:

The COLD WAR going on between Davido and WizKid could destroy the Nigerian music business. The DEATH ☠️threats metted upon WizKid associates by 30BG crew is unbelievable. Fans have no idea! Davido should control his crew ASAP. Most of this is happening abroad
#Kemitalksblog

This one is WORSE than Toyin Abraham vs Liz Anjorin. The fan threats was why I called
@Opetodolapo in and settled it fast. One fan sent a message to Lizzy to pay him 500K to kill Toyin and her baby. Wizkid & Davido’s crew are fighting in foreign territory. Anyone can be arrested

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