Thursday, 24 May, 2018

Most States Can't Survive Without Federal Allocations - Osinbajo

Continue playing					Senate considers N222bn FCT budget for 2017							You may also like Continue playing Senate considers N222bn FCT budget for 2017 You may also like
Anna Jefferson | 12 May, 2018, 01:55

"The number of tax payers which is measured by the number of Tax Identification Number issued has now crossed 19 million, from 13 million when we came in 2015 and this is really commendable".

"We are rewriting the old rules and compacts; making it clear to Nigerians that we will ensure that every naira of public money is put to use for the maximum good of the Nigerian people".

Providing a further breakdown of the 943 taxpayers who paid N10m and above, the VP said 941 of them were resident in Lagos, while the remaining two were residents of Ogun State.

Adeosun, who said this during a meeting with a World Bank Mission of 10 executive directors led by Mr. Patrizio Pagano, noted that the Federal Government would mobilise more revenues to drive its growth plan for the economy.

Adeosun said the issue of tax was now a popular discussion in a country where people were challenged and felt that the services they expected from paying taxes were not necessarily available. That is why we are driving the mobilisation of more revenues.

She said the government would accelerate growth level and improve the "Ease of Doing Business" in the country.

According to her, "All around the country, we have rail, power and road projects ongoing, creating jobs, and improving citizens' lives".

Adeosun, however, urged Nigerians to trust the Federal Government, promising that it would deliver on infrastructure and services if they paid their taxes.

Kim Kardashian West to Receive Influencer Award at CFDA Fashion Awards
Thanks for a few key KKW beauty products, Kim's look was one of the best of the night. Adding: 'I'm mentally really, really strong and it gets me through so much'.

Arsenal manager Arsene Wenger predicts 'inevitable' European super league
People respect somewhere that I tried to play football in the right way and I tried to give pleasure to people. I'm so happy we can host him on his last Premier League game .

Cutting's Mumbai beat Kolkata in IPL
Nitish Rana has been in fine touch for the purple brigade from the outset while Andre Russell has played a few devastating knocks. However, his innings was halted by Chawla on an individual score of 18 runs off 13 deliveries in the sixth over of the innings.

The group of 10 Executive Directors, on a working visit to Nigeria represents 93 countries from across Africa, Asia, Central America and Europe.

Other members of the team include the directors for Burkina Faso (representing Francophone Sub-Saharan Africa), Zimbabwe (representing Anglophone Sub-Saharan Africa), United Kingdom and Indonesia.

The meeting would be majorly centred on the World Bank projects in the country.

World Bank records showed 18 other projects have active implementation status.

Osinbajo stated that the present administration was determined to change the state of affairs and also determined to restore the social contract between the government and the citizens by ensuring prudence in public expenditure.

Additional $125 million financing for State Health Investment Project; the $50 million second additional financing to Third National Fadama Development Project and the $125 million additional financing for polio eradication support project were also approved by the bank on June 7, 2016. It was restructured on February 1, 2018, with a December 31, 2019 closing date.

The World Bank Mission had earlier met with organised private sector in Lagos and undertook a tour of LAPO Microfinance project in Lagos.

Apart from the Conflict Monitoring System initiative approved last October 27 valued at about $40,000, the other project the team would equally look at include the recent $486 million approved for the Federal Ministry of Power for the electricity transmission system rehabilitation approved last February 15.

Recommended

  • Pandora Is No Longer Actively Promoting R. Kelly Music

    Pandora Is No Longer Actively Promoting R. Kelly Music

    They might remove it after consulting the rightsholders or they may disallow it from promotion or playlisting on their service. Along with Kells, select content from rap rookie XXXtentacion has vanished from Spotify .
    Parmanu trailer to launch on Friday

    Parmanu trailer to launch on Friday

    The trailer of the movie released today coinciding with the 20th anniversary of India's nuclear test explosions at Pokhran . Operation Shakti, as it was called, was carried out despite worldwide pressure on India to not go forward with the tests.
    Liverpool FC owner John W Henry makes admission about Champions League run

    Liverpool FC owner John W Henry makes admission about Champions League run

    Conte won the title previous year , but their defence of their Premier League crown has not gone to plan as they look set to finish outside the top-four.
  • Tirupati: TDP activists pelt stones at Amit Shah's convoy

    Tirupati: TDP activists pelt stones at Amit Shah's convoy

    The group threw stones on his auto at Alipiri gate when Amit Shah was on his way to Tirupathi from airport along with his family. BJP workers following Shah's convoy resisted the TDP workers, resulting in clashes.
    Nawaz Sharif demands NAB chairman's apology

    Nawaz Sharif demands NAB chairman's apology

    During the meeting, the CEC members deplored the money-laundering allegations against the former premier. Nawaz Sharif reiterated his demand that the Chairman NAB should himself tender his resignation.
    Net Neutrality rules to be repealed June 11th

    Net Neutrality rules to be repealed June 11th

    That transaction has been investigated by the Mueller team and should be examined by the Justice Department, say Democratic Sens. The Senate is about to vote on a resolution to overrule the FCC and save the Internet using the Congressional Review Act (CRA).
  • Float in Disney's Festival of Fantasy Parade catches fire

    Float in Disney's Festival of Fantasy Parade catches fire

    In the usual performance of the parade, the dragon's head shoots a blast of fire from its nose, timed to the parade's score. Disney cast members blocked access to Liberty Square around the burn site for clean-up after extinguishing the fire.
    Lamoriello out as Toronto GM

    Lamoriello out as Toronto GM

    In 2017-18, the Marlies were the best regular season team in the AHL for the second time in three seasons. Hunter is the director of player personnel with the Maple Leafs and he wanted the general manager job.
    GameStop CEO steps down for personal reasons

    GameStop CEO steps down for personal reasons

    As part of its comeback efforts, GameStop has ramped up its e-commerce operations and added more toys and collectibles. They have also been seen purchasing AT&T stores in order to shift away from its dependence on video games.
  • SUSPENSION: Omo-Agege floors Senate in court

    SUSPENSION: Omo-Agege floors Senate in court

    Though the mace was later recovered, that matter is still being investigated by the police and the National Assembly. The court said the reason that Senate gave for suspending Omo-Agege for 90 legislative days, was unconstitutional.

    Insider Activity of Exxon Mobil Corporation (XOM)

    The stock of ICON Public Limited Company (NASDAQ:ICLR) earned "Market Perform" rating by Avondale on Wednesday, October 21. Morningstar Inc. reaffirmed a "neutral" rating on shares of Exxon Mobil Corp .in a research note on Tuesday, August 30th.
    Canara Bank posts $723 million fourth-quarter loss

    Canara Bank posts $723 million fourth-quarter loss

    The bank's board has approved sale of up to 1.5 billion shares in multiple tranches with the aim of raising Rs3,000 crore. Provisions for non-performing assets nearly tripled from a year earlier to 87.63 billion rupees.

NHL Eastern Conference final preview NHL Eastern Conference final preview The first-year team will play the Winnipeg Jets , who will be searching for their first trip to the Stanley Cup Finals. They don't care about the money in the KHL, they want to be in the best league and play against the best.

Buhari Returns From Medical Trip 24Hours Ahead Of Schedule Buhari Returns From Medical Trip 24Hours Ahead Of Schedule But the president's spokesman Garba Shehu told CNN Buhari was under no obligation to disclose his medical records. President Muhammadu Buhari has returned to the country from his trip to his doctor in London .

May splits up squabblers as customs deal eludes cabinet May splits up squabblers as customs deal eludes cabinet Mr Boles said this represents a "pragmatic approach that both Leavers and Remainers should be able to support". Sir John said the customs union was "crucial to trade" and there was "no sensible alternative".

These drugs are a bigger global threat than opiates These drugs are a bigger global threat than opiates Nowhere is the loss greater than in Europe, according to the review published today by the journal Addiction . It also said that one in every five adults globally, has admitted to overdosing on alcohol in the past month.

Rain in weather forecast Rain in weather forecast Shower chances increase a bit on Thursday as the mercury stays around 80° with mostly cloudy skies. Tuesday: 20 percent chance of showers/thunderstorms after 1 pm, partly sunny - high near 92.

Rage 2 release date confirmed on May 14 Rage 2 release date confirmed on May 14 Some are pretty convinced it's a tease for Rage 2 , but if that were true, then maybe May 14 may not be the date of the reveal. You can see the images for yourself below, but the current thinking is that it could be either Rage 2 or Starfield related.

Garuda cancels some flights as Indonesia's Merapi erupts Garuda cancels some flights as Indonesia's Merapi erupts The two, 968-meter (9,737-foot) mountain on the primary Java Island is essentially the most energetic of 500 Indonesian volcanoes. Previous eruptions have caused fatalities, including a large explosion in 1994 which killed 27 people in November.

Confirm Haspel: The intelligent choice for Central Intelligence Agency Confirm Haspel: The intelligent choice for Central Intelligence Agency McCain, 81, is now battling brain cancer, but also has suffered from skin cancer and a host of other health issues over the years. In a response that augured Haspel's Senate testimony a half century later, Eichmann told his interrogators: "You say illegal".

Indian policeman killed in Budgam attack Indian policeman killed in Budgam attack Unidentified gunmen attacked a police post in Wadwan area of the district injuring a policeman. In occupied Kashmir, an Indian policeman was killed in an attack in Budgam district, today.

Alex Rodriguez responds to Jennifer Lopez's proposal hints Alex Rodriguez responds to Jennifer Lopez's proposal hints As Questlove played the next song - "Babe" by the Styx - Fallon shuffled, boogied and spun like his life depended on it. Alex then teased in response, "I wasn't thinking about it".

Yair Rodriguez cut by the UFC Yair Rodriguez cut by the UFC Just this Tuesday, it was reported that Dana White had said that the Rodriguez vs Magomedsharipov fight was a "done deal" . Unfortunately, Rodriguez suffered a lopsided loss with Edgar finishing the fight by TKO after the second round.

Facebook could be planning to launch a cryptocurrency of its own Facebook could be planning to launch a cryptocurrency of its own Marcus had been in charge of Facebook Messenger, but previous to Facebook was president of PayPal. It is reported that Facebook began to study the technology of the blockchain about a year ago.

SpaceX Launches and Lands Its Most Reusable Rocket Yet The backup launch window opens today at 4:14 pm EDT and just as on Thursday, that window will remain open for roughly two hours. SpaceX has no plans to use its Falcon Heavy, which is now the most powerful rocket in operation, to fly humans.

$363 Million: Robinhood Raises Big to Build 'Largest Crypto Platform' $363 Million: Robinhood Raises Big to Build 'Largest Crypto Platform' Much of Robinhood's growth has come from its new cryptocurrency trading platform, co-founder and co-CEO Baiju Bhatt told CNBC . The six-year-old startup has been growing at an explosive rate, doubling the number of accounts in the past year.

In the 'Most Under-Observed' Ocean, a Mammoth Wave In the 'Most Under-Observed' Ocean, a Mammoth Wave According to Durrant, the lack of land-based obstacles in the Southern Ocean makes it easier for a storm to move. Waves like this do not just affect the coasts in southern hemisphere, but also those in the northern hemisphere.