Tag Archives: Tops

Nigeria’s Debt Service Bill Tops N4tr In Three Years

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By the end of 2017, Nigeria would have spent N4.1 trillion on debt servicing. The 2017 budget proposal has N1.7 trillion for debt servicing

The debt service provision is the third largest component of the 2017 fiscal plan, representing 23 per cent or one-fifth of the entire budget at N7.3 trillion and 33.6 per cent of estimated revenue.

In the last three years, the government had a budget of N17.9 trillion, out of which debt service provision alone took 23 per cent, more than one-fifth of the total figure, leaving N13.8 trillion for recurrent and capital expenditures.

In 2015, the country provisioned N943 billion for debt service, which rose by over 50 per cent to N1.48 trillion in 2016 and currently, a proposal of N1.7 trillion, due to take effect from January 1, 2017.

Presently, while the country has almost drawn down more the provision for 2016 budget to meet obligations, the capital expenditure votes upon which the debts were brokered are yet to get N1 trillion disbursements.

This is coming as the Presidency yesterday explained that the $30 billion loan request was to cover development projects spanning three years and not restricted to 2017 alone.

Senior Special Assistant to the President on National Assembly Matters (Senate), Solomon Ita-Enang, at a briefing in Abuja stated that the loan request if approved could take the country out of recession.

The Upper Legislative Chamber had rejected the loan request by the president this year.

Ita-Enag said: “Remember that this $30 billion dollar request was not what was to be spent in 2016, 2017 or 2018. It was a projection for three years therefore, the Senate has remitted it back to the president requesting further and it is still pending in the House of Representatives.’’

Credit:

http://guardian.ng/news/nigerias-debt-service-bill-tops-n4tr-in-three-years/

Meet The Iraqi Housewife Who ‘Cooked The Heads’ Of ISIS Fighters, Tops ISIS’ Most Wanted List

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“Shut up and stay still,” the woman in black fatigues and a black headscarf snapped over her shoulder at the armed men behind her as she sat down for an interview.

Immediately they went quiet, each adjusting his weapon and standing up straight as if he’d been called to attention.
This is a woman who commands respect, I thought. She keeps a Beretta 9-millimeter pistol in a holster under her left arm. The area around the trigger was silver where the paint had worn off.
The woman in question, 39-year-old Wahida Mohamed — better known as Um Hanadi — leads a force of around 70 men in the area of Shirqat, a town 50 miles (80 kilometers) south of Mosul, Iraq. She and her men, part of a tribal militia, recently helped government forces drive ISIS out of the town.
In the man’s world that is rural Iraq, female fighters are a rarity. Um Hanadi is not new to this.
“I began fighting the terrorists in 2004, working with Iraqi security forces and the coalition,” she says. As a result, she attracted the wrath of what eventually became al Qaeda in Mesopotamia, which later morphed into ISIS.
“I received threats from the top leadership of ISIS, including from Abu Bakr (al-Baghdadi) himself,” she says, referring to ISIS’s self-declared caliph.
“But I refused.”
“I’m at the top of their most wanted list,” she brags, “even more than the Prime Minister.”
Read More: CNN