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FG, States, LGAs share 369.882b as Nov. allocation Mathew Dadiya, Abuja

ÎÎÎThe Federal Account Allocation Committee (FAAC) on Tuesday distributed a total sum of three hundred

and sixty nine billion, eight hundred and eighty two million naira (N369.882 billion) to Federal, States and Local Governments for the month of November inclusive of Value Added Tax

(VAT). Chairperson of FAAC and Minister of Finance, Mrs. Kemi Adeosun, who presided over the Committee at the Federal Ministry of Finance head-

quarters in Abuja alongside the Accountant General of the Federation, said that the gross statutory revenue Continued on page 6

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WEDNESDAY, DECEMBER 23, 2015 VOL. 2. NO. 7

GAINERS

N150

LOSERS

NSE GAINERS AND LOSERS AS AT 22nd December 2015.

FO

254.1

273

18.9%

NB

116

121.8

5.8%

GUARANTY 20

19

-1%

PORTPAINT

3.58

3.42

-0.16%

MOBIL

120

130.2

10.2%

WAPCO

92.25

94

1.75%

PZ

28.31

-0.67%

ZENITHBANK

13.83

13.7

-0.13%

28.98

Buhari unveils N6.08tr ‘Budget of Change’ Ï z ƏƊ è ^ ƓƆƏ Ɨ 6 Ƒ ƈ è &ƗƑƅ Ɛƈ è #ƆƇƆ ƅƆ ƆƐ Ƌƈ ƏƆ Ï ƑƗ ƆƐ Ɛ Ɔ ƑƏƆ ƈ ƅƋƑ ƈƒƆ Ə ƓƐ è Ɖ Ƅ ƅƏƆ Ɛƈ Ï ^ƏƆ ƈƗƆ Ɛ ƒ Ɠ Ɛ ƏƆƅ ƒƆƏ ƋƋ Ƌ ƐƆƗ ƇƑ Ɨ Ï Ƒ Əƈô ƾƠơÕ ƄƑƗ ƆƐè Ƅƈ ƇƏ ƑƗ – PDP Lateef Ibrahim, Olufemi Samuel and Henry Omunu, Abuja

ÎÎÎPresident

Muhammadu Buhari on Tuesday presented the

2016 Appropriation Bill to a Joint Session of the National Assembly, pegging the total expenditure by his administration for the year at N6.08 trillion.

The President said the budget, tagged “Budget of Change”, is based on a revenue projection of N3.86 trillion, entailing a deficit of N2.22 trillion.

In the budget as presented by President Buhari, Works, Power and Housing was allocated N433.4 billion; Education recieved N369.6 billion Defence was allocated

N294.5 billion while N221.7 billion was allocated to Health. Buhari, who was roundly apContinued on page 6

R^& gB1 forecasts oil demand to rise to 97m bpd by 2020

How g 8 Ladoke Akintola was killed – Son FG declares Dec. 24, 25 & 28 public holidays g13

Senate President, Dr. Bukola Saraki (middle) in a handshake with President Muhammadu Buhari during the presentation of 2016 budget at the National Assembly Complex, Abuja... on Tuesday. With them is, Speaker of the House of Representatives, Hon. Yakubu Dogara. Photo: TEMITOPE BALOGUN.

FG files fresh charges against Nnamdi Kanu, 2 others g12

Kehinde gL1 Bankole: Acting like a lady, thinking like a man


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