Buhari Refuses To Sign 2016 Budget, Returns Document To National Assembly

President Muhammadu Buhari has returned the controversy-ridden 2016 budget to the National Assembly, pointing out areas of concern in the document and demanding adjustment. The spokesperson of the House of Representatives, Abdurazaq Namdas, (APC-Adamawa State) confirmed this to journalists on Thursday.


“I can confirm to you that we are in possession of the letter from the president identifying grey areas,” Mr. Namdas said.


He said the leadership of the House and that of the Senate as well as their respective relevant committees would meet on the development.


He, however, refused to mention the “grey areas” saying they would be made known to Nigerians in “due course”. The National Assembly passed the budget on March 2 and later transmitted it to Mr. Buhari for assent.


Apparently with the omission of certain projects and addition of others not proposed by the Executive, Mr. Buhari has since withheld his assent.


One of such projects is the Lagos-Calabar rail project counted as a critical infrastrucural focus of the administration.


It was not captured in the original budget but was brought as a supplementary proposal of the Transport Ministry by its Minister, Rotimi Amaechi, and was approved, Chairman Senate Committee on Land Transport, Gbenga Ashafa, said.


However, the Appropriations Committees of the Senate and House of Representatives respectively chaired by Danjuma Goje and Abdulmumin Jibrin, removed the project from the final draft, saying Mr. Amaechi lacked the powers to make budgetary proposal.


Last week, while the Senate said Mr. Buhari should sign the budget and, later, send a supplementary proposal to capture the Lagos-Calabar rail project, the House said it had resolved to receive the budget to capture the project before assent.

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Adele Named UK’s Richest Female Musician As Fortune Hits £85m

The 27 year old singer has been named UK’s richest female musician according to the Sunday Times rich List.


Within the space of one year, her fortune increased from of £35m to £85m making her the richest UK female artiste and 30th in the UK and Ireland music millionaires list.


The only female singer with a bigger fortune on the list is Irish artiste Enya with £91m. Adele is also ranked top of the under 30’s rich list after a lucrative year of touring She made her debut on the under-30s list in 2011 in ninth place, behind stars such as Cheryl Fernandez-Versini and Katherine Jenkins, now she is number


1. Here is the full list of The Sunday Times’s Top 50 Music Millionaires (Britain & Ireland’s Richest performers and composers)


1. Sir Paul McCartney and Nancy Shevell £760 million


2. Lord Lloyd-Webber £715 million 3. U2 £500 million 4. Sir Elton John £280 million 5. Sir Mick Jagger £235 million 6. Olivia and Dhani Harrison £220 million 6. Keith Richards £220 million 8. Ringo Starr £200 million 9. Michael Flatley £198 million 10. Sting £185 million 11. Eric Clapton £160 million 11. Rod Stewart £160 million 11. Roger Waters £160 million 14. Sir Tom Jones £155 million 15. Sir Tim Rice £150 million 16. Robbie Williams £145 million 17. Ozzy and Sharon Osbourne £135 million 18. Brian May £120 million 18. Charlie Watts £120 million 20. Roger Taylor £115 million 21. Phil Collins £110 million 22. George Michael £105 million 22. Jimmy Page £105 million 24. Robert Plant £103 million 25. John Deacon £100 million 25. David Gilmour £100 million 27. Calvin Harris £95 million 28. Enya £91 million 29. Iman Abdulmajid and Duncan Jones and family £90 million 30. Adele £85 million 31. Gary Barlow £75 million 31. Mark Knopfler £75 million 31. Nick Mason £75 million 31. Pete Townshend £75 million 35. Engelbert Humperdinck £70 million 36. Noel and Liam Gallagher £65 million 36. Brian Johnson £65 million 36. Chris Martin £65 million 39. Barry Gibb £60 million 39. John Paul Jones £60 million 41. Sir Cliff Richard £58 million 42. Guy Berryman £55 million 42. Jonny Buckland £55 million 42. Will Champion £55 million 42. Kylie Minogue £55 million 42. Ronnie Wood £55 million 47. Jay Kay £50 million 47. Sir Van Morrison £50 million 49. Peter Gabriel £45 million 49. Mick Hucknall £45 million 49. Ed Sheeran £45 million 49. Bernie Taupin £45 million

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Funny Video:- See How Osogbo Babes Dab

My babes in Osogbo are not left out of the Dabbing menace. You see them doing the dab thingy at Pavillion, Fingerlicking, River side, Adolak, Organizer or Ripples.

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Waec 2016 100% Correct Ecnomics Obj And Theory Answer

ECONOMICS OBJ:


1-10: DBACABADCC


11-20: AABBAAABAB


21-30: CADCCDADCC


31-40: CCCBDACCAA


41-50: ABDBBBBCDB


3a) Production possibility curve is a graphical representation which shows how one good can be transformed into another good by cutting down on the output of first good and transferring the resources to production 3b) DRAW THE PRODUCTION POSIBILITY CURVE 3c) -Inability to increase the available resources because the resources are fixed -Lack of economy in terms of cost of producing at the point A 3d) Production possibility is negatively sloped because to increase the production of one commodity,a certain unit of the other commodity must be given up.There is an inverse relationship in production of the combined goods


(2a) R=19-10=9 6=p-19 P=6+19=25 S=31-30=1 Q-31=0 Q=31 therefore, P=25, Q=31, R=9, S=1


(2bi) consumer Ts in equilibrium when (i)MUx=Px (ii) when total utility is at peak, then marginal utility will be zero. given price to be $1.00 per unit, the consumer will be in equilibrium when he consumes 6 units of the goods because the marginal utility is zero (2c) draw diagram (2d) law of diminishing marginal utility states that as more and more unit of a commodity is consumed, there is a tendency for marginal utility ti decrease as total utility increases


4a) -Peasant farming: This is the type of farming which is concerned with the production of food for the farmer and his family. A peasant farmer cultivates crops and rears animals in order to produce food for himself and his family only. The practice requires a small area of land,while family labour is employed -Cooperative farming:This is the type of farming in which famers come together to enable them enjoy some incentives from government such incentives include loans,subsidies,inputs such as fertilizer and easy disposal of their products through organised markets


(4b) -Provision of credit facilities to peasant farmers -Provision of farm inputs such as improved varieties of seed -Provision of extension services -Provision of agricultural education -Provision of storage processing facilities


(5a) Price elasticity of supply (PES or Es) is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.


(5b) (i)In Joint supply two or more commodities are produced and supplied from one or more sources, while in competitive supply two or more commodities are supplied to serve as substitute. (ii)In joint supply and increase in the production and supply of one commodities will bring about an increase in the production and supply of the commodity, whereas in competitive supply a commodity is supplied for d satisfaction of a particular want (5c) (i)Cost of production: the cost of production normally leads to elasticity (ii)Nature of commodity: perishable goods are elastic in supply due to their nature (iii)Cost of storage: producers will supply all their commodities to the market if the cost of storage is high thereby leading to elasticity (iv)Market forces: this determines whether supply will increase or not


(8a) Gross Domestic product measures the value of total production attributes to all factors of production that are located in the territory of a given country.


(8b) Gross national product:when necessary adjustment for the the surplus of a nation on its current account with the rest of the world has been made, the resulting figure is called the gross national product(GNP)


(8c) cost of living is the aggregate amount of money which a person spends to provide himself the need, usually over a period of one year


(8d)per capital income is obtained by dividing the total national income by the total population (8e)standard of living: when per capita income is calculated, what you get determines whether the standard of living is high or low. the higher the quotient, the higher the standard of living, all things being equal.

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Video: CCT Chairman Orders Police To Throw Saraki’s Lawyer Out of Court

Mild drama at the Code of Conduct Tribunal ( CCT) on Thursday, as the CCT Chairman, Danladi Umar, refused to hear the motion filed by counsel of the Senate President, Bukola Saraki, on his (Umar) alleged bias.

After Oluyede demanded to be heard, Umar, upset by the revelations, called for police officers to throw out the counsel to the Senate President, threatening him with contempt of court.

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Photo: Chris Brown Aquaires New Porsche 911 Turbo S

Chris Brown has proven his love for cars.

The singer has bought a new Porsche 911 Turbo Scalled the Stinger GTR.

Chris Brown‘s ride is different from others. His is the product of a tuning company called TOPCAR.

The company debuted their version a week ago.

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Principals to Write Proficiency Examinations In Sokoto

The Sokoto State Government Wednesday said principals of government secondary schools in the state would soon write examinations to ascertain their proficiency.

The state Commissioner, Basic and Secondary Education, Dr. Jabbi Kilgori, made this known at the opening of a three-day sensitisation workshop organised by the ministry in collaboration with the state chapter of the All Nigeria Confederation of Principals of Secondary Schools (ANCOPSS), for Principal in the state.

He stated that incumbent principals must write the examinations to ascertain their proficiency and capabilities to manage the schools.

“Incumbent principals and anyone who will be appointed as principal must write such examinations to know whether they are fit to be appointed as so.

“Any of the existing principals who fails the examinations will be weeded out and redeployed back to the classrooms,’’ Kilgori said.

The commissioner pointed out that the principals will henceforth serve for a term of four years which is renewable only once for meritorious performance.

According to him, the state government had instituted a reward and punishment system for the principals to reward excellence, as well as reprimand indiscipline, respectively.

Kilgori stated that these were part of the measures introduced to ensure the successful implementation of the state of emergency on education already declared in the state. In a remark, Governor Aminu Tambuwal, who spoke through the Secretary to the State Government, Prof. Bashir Garba, said the state government had allocated about 28 per cent of its 2016 budget to education.

He emphasised that the move was part of the strategies evolved to revive education in the state.

Tambuwal underscored the need for principals to be disciplined, prudent, innovative and resourceful in managing their schools.

The Presidentof ANCOPSS in the state, Alhaji Abdullahi Marafa, said the workshop was meant to enhance the skills and knowledge of the principals to operate in line with global best practices.

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