2017 Budget Will Pull Nigeria Out of Recession- Buhari

President Muhammadu Buhari has appealed to Nigerians not to lose faith in the ability of his administration to make a difference in their lives, saying the 2017 Budget contains measures that will pull Nigeria out the current economic recession.
The president in his 2016 Eid-el-Maulud message to Muslim faithful, urged Nigerians not to despair as he was doing his best to redress the situation, particularly with a number of policies he had embedded in the 2017 budget proposals, which he would lay before the National Assembly on Wednesday.
He said: “As we use the memorable occasion of this celebration to reflect on our current challenges, I urge you not to lose faith in the ability of this administration to make a difference in the lives of our people.
“The 2017 Budget proposals, which I will lay before the National Assembly on Wednesday, will contain measures that we are confident will get the nation out of its economic woods.”
The president, while wishing all Muslims a happy and memorable celebration of the birth of the great Prophet, said through His (Prophet)  teachings, particularly on peaceful living, tolerance, sobriety, generosity, sacrifice and honesty, and wisdom, the nation had gained immensely in building a harmonious and prosperous society.
Buhari said the universal truth of the Prophet’s values remained unchanged.
He said: “Against all odds, we have used these pillars of strength in securing a just and fair society, and our efforts are beginning to yield dividends in curbing terrorism, militancy, corruption and other crimes that devalue our humanity.”
Buhari called on Nigerians not to allow the reality of the temporary challenges to undermine “our hope, reverse our collective will to succeed, or divide us”.
Rather, Buhari said, it should remind us of “why we need to stay together, fight together and succeed together”.
According to him, we all share a vision of a better Nigeria, and we will all share in the responsibility of building the country of our dreams.
He said: “As we look forward to 2017 with hope and huge expectations, let me assure you that with collective dedication and hard work, we will overcome the mountain of economic difficulties, and return our country to the path of prosperity.”
The president described the occasion of the Prophet’s birth as, “another period of celebration, and deep reflection”.
“Celebration, because we are marking the birth of Prophet Mohammed (Peace Be Upon Him), and deep reflection, because it is another opportunity of pausing, taking a deep breath and reflecting on the current realities before us,” he added.
Credit: thisdaylive

Dangote Promises To Assist FG Out Of Economic Recession

Dangote Group has pledged to support the Federal Government and Kano State in exploring key sectors of the economy to cushion the effect of the recession among Nigerians.

The Group said in a statement on Monday in Abuja, that it would explore opportunities opening up in agriculture, mining and infrastructure, through partnership with the levels of government.

An Executive Director of the Group, Hajiya Halima Dangote, made the pledge at Dangote Special Day ceremony at the Kano International Trade Fair in Kano.

The executive director, who was special guest at the event, represented the President of the group, Aliko Dangote. Dangote said challenges of the recession rather presented opportunities to explore areas of development and bring back the lost glory of Nigeria’s economy.

He said it was such determination that informed re-opening of Dangote Flour Mill in Kano as well as the Tomato factory processing project in Kadawa area of the state. Dangote said the project would have been fully operational but for the hitches caused by Tomato disease in the country and some technicalities.

He reiterated efforts by the group to ensure sustainability in rice production through extensive out-grower programme in Jigawa.

“It is our intention to establish a large scale rice mill of 250,000 tonnes per annum capacity in Kano, to process production in three states,’’ Dangote He re-emphasised that DANGOTE Fertilisers project, with capacity of 2.8 million tonnes per annum, the largest plant in sub-saharan Africa, would be inaugurated by the end of 2017.

Dangote commended the Kano Chamber of Commerce, Industry, Mines and Agriculture, and the government for their commitment to the business community “as demonstrated by the fair which attracted wide range of businesses from far and near’’.

He assured the chamber of the Group’s willingness to continue partnership and scale up its presence in the years ahead.

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http://www.vanguardngr.com/2016/11/dangote-promises-assist-fg-economic-recession/

Prince Harry Hits Out At Media Intrusion Over His New American Girlfriend

Britain’s Prince Harry issued a rare statement on Tuesday to criticize the media for intruding into the private life of his new American girlfriend, actress Meghan Markle, saying the press had subjected her to “a wave of abuse and harassment”.

British newspapers have been running daily stories about Markle since news emerged that the 35-year-old actress was dating the prince, 32, the grandson of Queen Elizabeth.

In the unusually forthright statement issued by Harry’s office which confirmed the relationship for the first time, the prince’s Communications Secretary said they had fought nightly legal battles to keep defamatory stories from appearing in papers.

“He has rarely taken formal action on the very regular publication of fictional stories that are written about him and he has worked hard to develop a professional relationship with the media,” the statement said.

“But the past week has seen a line crossed. His girlfriend, Meghan Markle, has been subject to a wave of abuse and harassment.

“Some of this has been very public – the smear on the front page of a national newspaper; the racial undertones of comment pieces; and the outright sexism and racism of social media trolls and web article comments.”

Harry has spoken out before about his dislike of the press and the statement said that while he appreciated he lived a privileged life, he felt he had to speak out.

“It is not right that a few months into a relationship with him that Ms. Markle should be subjected to such a storm,” the statement said.

“He knows commentators will say this is ‘the price she has to pay’ and that ‘this is all part of the game’. He strongly disagrees. This is not a game – it is her life and his.”

Credit: reuters

Nigeria Will Be Out Of Recession Soon- British Envoy

The British High Commissioner to Nigeria, Paul Thomas Arkwright has assured that the country will be out of the recession soon.

The High Commissioner said the United Kingdom would sent its expertise to Nigeria to fast-track the nation’s rebound.

Speaking during the Closing Gong Ceremony, at the Nigerian Stock Exchange in Lagos yesterday, Thomas Arkwright said part of his duty in the country was to ensure that more British companies are encouraged to list on the stock market as well as help build a stable economy.

Thomas Arkwrite who described the Nigeria Stock Market as a vibrant one, notwithstanding the economic downturn, explained that the market mirrors the entire economy, adding the stock market remains the only channel through which both local and international companies can raise capital to finance huge projects.

“There is a strong partnership between the Nigerian Stock Exchange and the London Stock Exchange. Part of my duty here is to encourage British companies to come and list their shares.

“I know we are looking at the time of economic difficulty in Nigeria. I know the market reflect the economic situation here. But I am confident that in the immediate to medium term, perhaps in the short-term, Nigeria will turn the corner, and the economy will pick-up, employment will pick-up and inflation will come down.

“The United Kingdom is a willing partner to Nigeria. We have a strong and healthy Stock Exchange in London, and there is the expertise that can be shared here with the Nigerian Stock Exchange. That is part of the job to find how we can corporate economically”, he added.

Speaking on how soon British companies would approach the nation’s market for listing, he said; “Nigeria has a way to go, you know Nigeria is still low on the index in doing business.

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http://guardian.ng/news/nigeria-will-be-out-of-recession-soon-says-british-envoy/

Buhari Taking Nigeria Out Of Wilderness- Osinbajo

Vice-President Yemi Osinbajo says President Muhammadu Buhari is taking Nigeria out of the wilderness just as Moses took the children of Israel out of Egypt to the Promised Land.

Osinbajo said this at the 56th Independence Anniversary Interdenominational Church Service at the National Christian Centre, Abuja, on Sunday.

The promise of God, he said, included building a new Nigeria where there would  be peace from North-East to the Niger Delta, and where there would be jobs for the unemployed.

The Vice-President urged Nigerians to see beyond the current problem instead of asking to ‘return to Egypt.’

He said, “We are on our way out of the wilderness. We should not be like the children of Israel when He took them out of Egypt and after few problems became grumblers-in-chief.

“As children of God, we must declare this nation will prosper, we must be like our father who is the great encourager. Our message to Nigeria is be strong and be of good courage; do not be dismayed, every Nigeria will benefit from the new Nigeria.

“God saw our nation and decided to put this leadership in place, this leadership will take us across the Red Sea to the new Nigeria.”

The President of the Christian Association of Nigeria, Rev. Samson Ayokunle, in his message said that the leaders needed divine revelation and to receive wisdom from God in order to handle the economy.

He said Nigeria was in recession because the government failed to save during the oil boom.

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http://punchng.com/buhari-taking-nigeria-wilderness-says-osinbajo/

Hit Or Miss? Rihanna Wears Love, Literally!

Wearing her heart on her sleeves! Rihanna stepped out in NYC on Sunday night wearing a giant cherry red fur coat in the shape of a heart.

RiRi paired the statement piece with jean shorts with strappy heels, sporting a black baseball cap with a bold red lip. The “Diamonds” singer hit the streets after partying at 1Oak nightclub with pal Melissa Forde.

image

Read More: yahoo

See Prom Dresses Made Entirely Out Of Condoms

These condom dresses aren’t exactly wearable, but they do serve as a pretty great reminder that seniors who plan on having sex after the prom should use protection.

According to WOWT News, the colorful condom gowns were created by the Adolescent Health Project and Women’s Fund of Omaha, and they’re meant to get teens and their parents talking about safe sex while doing something almost all high school seniors do this time of year. While you might want to try them on, if only to know what wearing hundreds of condoms at once feels like, sorry, you can’t.

Troops Clear More Terrorists Out Of Madube & Cikin Njubul

Troops of 114 Task Force Battalion, 28 Task Force Brigade, in conjunction with some vigilantes in their area of operation, have carried out clearance operation of reported remnants of Boko Haram terrorists along Bita-Madube Ciki-Njubul axis.

According to the Acting Director, Army Public Relations, Colonel Sani Kukasheka Usman, during the advance, two soldiers unfortunately stepped on a buried Improvised Explosive Device (IED) that seriously injured one of the soldiers.

Nevertheless, they continued the advance, had contact with the terrorists and cleared them out of Madube Cikin.

In the process, they killed four insurgents, destroying 2 vehicles and 2 motorcycles belonging to the terrorists. The troops also recovered 2 cylinders, 1 AK-47 rifle, 3 boxes of 7.62mm (Special) ammunition, 2 bicycles and bags of grains.

The troops also rescued 54 persons held hostage by the Boko Haram terrorists. The released hostages are being screened while the wounded soldiers have since been evacuated for proper medical care.

Credit: ChannelsTv

US Out With New Visa Rules On Travellers With Mideast Ties

The United States on Thursday began enforcing new visa rules on some travellers who have visited or who have dual nationality with states considered seedbeds of terrorism.

The Department of Homeland Security said would-be US visitors who have been to Iran, Iraq, Sudan or Syria since March 2011 will now always have to apply for a visa.

This will be the case even if the traveller is from a country in the US visa waiver program — the 40 nations seen as friends of America whose citizens can visit freely.

In addition, citizens of visa waiver countries who hold dual Iranian, Iraqi, Sudanese or Syrian nationality will have to apply for a full visa before travelling to America.

The department said it had started to implement the new rules on Thursday, but there had already been reports of travellers falling afoul of the controversial regulations.

Credit: Vanguard

Report Uncovers Shocking Figures Allegedly Embezzled Out Of Nigeria In 9 Year

Over $7.8 trillion was siphoned from the world’s developing and emerging economies between 2004 and 2013, and over $17.8 billion (about N3.4 trillion) of that amount, was from Nigeria, a new report on global illicit financial flows has said.

Nigeria is among the world’s top 20 countries with the biggest losses from skewed financial transactions, the report noted.

South Africa leads the pack in Africa with $209.22 billion lost over the period. It occupies the seventh position on global ranking.

Globally, China leads with $1.39trillion, followed by Russia ($1.05trillion), Mexico ($528.44billion), India ($510.29billion), Malaysia ($418.54billion) and Brazil ($226.67billion), Thailand ($191.77billion) and Indonesia $180.71billion.

Others include Kazakhstan ($167.40billion), Turkey ($154.50billion), Venezuela ($123.94billion), Ukraine ($116.76billion), Costa Rica ($113.46bilion), Iraq ($105.01billion), Azerbaijan ($95.00billion), Vietnam ($92.94billion), Philippines ($90.25billion) and Poland ($90.02billion).

Illicit financial flows are transactions involving the transfer of the proceeds from the exploitation of the resources from a particular region to another, either through money laundering and other illegal means, or commercial activities, without the commensurate value in returns.

The report published on Wednesday by Global Financial Integrity, GFI, a Washington DC-based research and advisory group, said illicit financial flows from developing and emerging economies, which stood at just $465.3 billion in 2004, rose sharply to $1.1 trillion in 2013 alone.

Credit: PremiumTimes

New Electricity Tariff Out This Week- NERC

Nigerians will this week know the new tariff for electricity, the Nigerian Electricity Regulatory Commission (NERC) said at the weekend.

The regulatory agency said at a workshop in Abuja that it had considered the submissions of the 11 electricity distribution companies (Discos) in Nigeria’s electricity market, and would after a final regulatory meeting in the week, announce the new rates.

The Chairman of NERC, Dr. Sam Amadi, said the regulator had held meetings with the Discos to finalise their respective tariff proposals. He said that the commission had also got feedbacks from both government and the Discos and would now conclude the process.

“We have gone to the Discos, gotten feedback; gone to government and gotten feedback. We have not finalised. In our view, we have basically done the crunching of numbers,” he said, adding: “It is not about tariff increase, it is also not about their financial outlay. We have done the technical work, remaining the regulatory work. By next week, we should sign off on the new tariff.”

Amadi’s disclosure follows that of Minister of Power, Works and Housing, Mr. Babatunde Fashola, who last week announced that NERC and the 11 Discos had been directed to meet and come up with what he described as a fair market tariff.

Credit: ThisDay

Lamar Odom Kicks Khloe Kardashian Out Of His Hospital Room?

Khloe Kardashian has been by Lamar Odom’s side since he was hospitalized in Las Vegas last month, but reports are now claiming the basketball star has kicked her out.

According to Us Weekly, Lamar made the request after hearing negative things from his friends and family, who claim Khloe has used his hospitalization for publicity.

A source alleged that the 31-year-old kept 35-year-old Lamar’s children from visiting him in hospital, despite reports that she actually paid for his family to fly over to see him.

The source added that Lamar’s friends and family had ‘turned him against Khloe’, claiming she tipped off the paparazzi to show the Kardashians visiting him at the hospital.

His inner circle have also apparently told him that Khloe has taken credit for his recovery.

Not only that, but Khloe allegedly made members of his family sign confidentiality waivers before seeing him, with his cousin Sherae Clark-Williams apparently writing on Facebook: “I’m supposed to sign a waiver not to talk about North West, a child I have no interest in What so ever.”

A source said: “Lamar said he needed space and wanted to be alone. He told her to get out.”

However, a source close to Khloe denies the claims, saying he never told her to get out and that she’s ‘focused on making sure Lamar is stabilized’.

Credit: Yahoo

100,000 Ink UK Petition To Move Transgender Woman Out Of Male Jail

More than 100,000 people had by Thursday signed an online petition demanding the UK prison authorities move a transgender woman out of an all-male prison on grounds of safety.

According to the petition on change.org, 26-year-old Tara Hudson, who is serving a 12-week sentence for assault in a bar fight, has lived her entire adult life as a woman.

The petition says the Bristol prison where Hudson is being held is a particularly violent one and that she faced “extreme danger of abuse, sexual violence, and even death”.

“People like Tara Hudson are still paying a high price at the hands of an outdated and outmoded judicial system, simply for being who they are,” it said, asking that she be moved to a women’s prison.

Hudson has undergone six years of reconstructive surgery and is considered a woman by her doctor but is still awaiting final reassignment surgery and does not have formal recognition of the change.

A prison service spokesman said offenders were placed “according to their legally-recognized gender”.

“However, our guidelines allow room for discretion and in such cases, medical experts will review the circumstances in order to protect the emotional wellbeing of the person concerned,” he said.

Credit: Guardian

10.5m Children Out Of School In Nigeria – UNICEF

Jean Gough, Country Director, United Nations International Children’s Fund (UNICEF) has said that no fewer than 10.5 million Nigerian children are out of school.

Gough stated this on Tuesday in Bauchi while exchanging views with Gov. Mohammed Abubakar of Bauchi State at the Government House.
She said that UNICEF was collaborating with some stakeholders to strengthen the newly-introduced Quranic School System to reduce the number of out-of-school children.

She disclosed that the fund had concluded plan to tackle the issue of child malnutrition in the state as it had discovered that 90 per cent of child diseases was as a result of malnutrition.

Gough also announced that UN body would curb public defecation, especially with more than 2,000 communities in the state defecating in open places.
“We intend to ensure that before I leave the country, at least one local government area in Bauchi state is public-defecation free.

“We will also work in collaboration with the state government to boost water and sanitation towards the supply of adequate and portable drinking water.
“I will, therefore, want to appeal to the state government to pay its counterpart fund to enable us execute some of the projects,” she said.

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You Cannot Stampede Jonathan Out Of Office, Presidency Warns APC

Special Adviser to the President on Political Affairs, Prof. Rufai Ahmed Alkali has chided the All Progressives Congress, APC,  over its recent utterances urging the party to talk less and plan more as the nation moves towards the 29th May inauguration date.

Reacting to the alarm raised by the APC that President Jonathan is running the economy aground before handing over, Professor Alkali  said “the allegation is immature, reckless and out of tune with the President’s desire and patriotic commitment to a peaceful transfer of power”.

“Nigerians will recall that shortly after the results of the Presidential elections were announced, President Goodluck Jonathan inaugurated a high powered transition committee to plan and organize a hitch free transition programme for the inauguration of the incoming administration.

Surprisingly, it took the APC more than three weeks to wake up to its responsibility to constitute its own transition committee. How then can they turn round to accuse the government of frustrating the transition programme?

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Pacquiao To Undergo Shoulder Surgery, May Be Out For 12 Months

Manny Pacquiao’s camp accused the Nevada Athletic Commission on Monday of denying them treatment for an injury to his right shoulder which will now require surgery to repair.

Pacquiao, who lost a unanimous decision to Floyd Mayweather in their welterweight unification fight on Saturday, is expected to undergo surgery later this week for a torn rotator cuff, ESPN reported on Monday.

Dr. Neal ElAttrache described the tear as “significant” and said Pacquiao could be out between nine and 12 months.

“We have an MRI scan that confirms he has a rotator cuff tear. He has a significant tear,” ElAttrache of the Kerlan Jobe Orthopedic Clinic told ESPN.

ElAttrache is one of the most respected surgeons in North America, having operated on New England Patriots quarterback Tom Brady, Los Angeles Dodgers pitcher Zack Greinke and Los Angeles Lakers star Kobe Bryant.

No specific date has been set for the surgery.

Pacquiao and Mayweather met at the MGM Grand in Las Vegas in one of the most anticipated showdowns in boxing history which promises to be the richest fight ever with revenues of about $400 million.

The super fight also cemented Mayweather as the top pound-for-pound fighter of the era but that was before severity of Pacquiao’s injury was revealed.

The southpaw clearly had difficulty with his right hand during the 12-round title fight as he landed just 18 jabs, compared to 67 for Mayweather. The injury also limited Pacquiao’s power punches as he connected on just 27 percent compared to the defensively-minded Mayweather who connected on 48 percent.

Pacquiao’s camp said the Commission refused them treatment on fight night despite them having prior approval to use an anti-inflammatory injection by the United States Anti-Doping Agency (USADA), which conducted random drug testing on the boxers in the build-up to the fight.

Pacquiao’s camp had planned give him Toradol, a non-steroid anti-inflammatory, just before the fight, but the Commission stepped in and halted the treatment. The Nevada Commission, which oversees boxing in the state, said they were not told about Pacquiao’s injury until the night of the fight.

Pacquiao’s team said USADA approved the injection five days before the fight and they disclosed their desire to use it on fight night in their medical forms.

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