- As President Buhari presents 2017 budget on Wednesday, December 14, all looks set for swift passage of the fiscal document
-
With Reps' passage of the MTEF and FSP and increase in oil prices, the
National Assembly could quickly pass the bill into law for a financially
smooth 2017
President
Buhari presenting the 2016 budget before the National Assembly, he will
do the same for the 2017 budget on Wednesday, December 14
Indications
have emerged that President Muhammadu Buhari’s presentation of the 2017
budget on Wednesday, December 14 would be a very successful event.
READ ALSO: Prices of foodstuff crash ahead of Christmas
Two
indicators of this success are the continued rise of the oil price on
the global market and the passing of the President’s Medium Term
Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) by the
National Assembly.
For the oil, prices soared
to $57.83 on Monday, December 12 leaving the price of the commodity at
$15/barrel over the $42.5/barrel that the president is proposing for
2017.
The Senate had earlier complained that the
president’s projection was unrealistic, but this increase in price has
shown that it might not be so.
With such
evidence, the president’s argument for a $42.5/barrel oil benchmark for
the budget seem quite acceptable and should therefore not bring any
argument.
On the other hand, the House of Representatives has also passed the President’s MTEF and FSP on Tuesday.
The
lower house’s earlier argument, just like the Senate’s had been that it
was worried that the president’s projections may fall short of reality.
However, with consistent increase in oil
prices, the House has shaped up and passed the MTEF and FSP, thereby
preparing the ground for a smooth passage in the Senate as well.
Meanwhile, the President has promised to end the economic recession with the presentation of a workable fiscal plan in the 2017 budget.
In
his Eid-Maulud message to Nigerians, the president assured that the
provisions he has made in the budget would drive away the biting
economic recession.
Tags:
2017 Nigerian Budget Economic Recession President Muhammu Buhari Global Oil Prices Nigerian House Of Reps
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Who wins the maiden edition of FirstStars Reality TV Show?
Updated:
2 hours ago
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As the FirstStars Reality
TV show, an initiative of FirstBank in partnership with EbonyLife TV,
peaks with the Cinema Premiere on Wednesday December 16th 2016 at the
FilmHouse IMAX Cinemas, Lekki amidst high expectations, the panel of
trained and experienced judges comprising of industry experts including
Omotola Jalade- Ekehinde and a select few will be invited for a private
screening and voting session to determine the winning film for the
FirstStars Reality TV Show.
The
two finalist teams have worked hard in the past few weeks to produce
feature length movies which will be shown for the first time to the
judges as well as invited guests at the FilmHouse IMAX Cinemas, Lekki.
Fans
that have followed the show from the beginning are eager to find out
which team will be walking away with the coveted prize of N5million
naira.
The
FirstStars Reality TV Show was birthed by FirstBank in partnership with
EbonyLife TV to give young filmmakers, who are actors, producers,
directors, script writers and art directors, the opportunity to show
their creativity and skills to a global audience.
The journey for the contestants kicked off with auditions earlier this
year with a call for auditions. FirstBank is reinforcing its commitment
to the growth of the creative industry and existing opportunities which
aids nation building and diversification.
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