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TR UTH IN DEFENCE OF FREEDOM TRUTH
VOL. 7, NO. 1976 FRIDAY, DECEMBER 16, 2011
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ALEX URUEMU IBRU (1945 - 2011)
•The widow of The Guardian publisher, Mr Alex Ibru, Maiden (right) and her children during the lying in state at Rutam House in Lagos ... yesterday.
S
ENATORS yesterday queried the N921.74 billion President Goodluck Jonathan allocated to security in the 2012 Appropriation Bill presented to the National Assembly on Tuesday.
PHOTO: SOLOMON ADEOLA
Senators reject N921.74b vote for security From Onyedi Ojiabor, and Sanni Onogu, Abuja
The matter came up during senators’ consideration of the general principle of the 2012 budget proposal.
The onslaught against the security vote was led by Senator Olubunmi Adetunmbi (Ekiti North) who noted that the sectorial allocations are not reflective of the country’s need.
Senate Leader Victor Ndoma-Egba led the debate as he read “A Bill for an Act to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of
N4,749,100,821,170 only of which, N397,929,101,917 only is for statutory transfers, N559,580,000,000 is for debt service, N2,471,814,067, 335 only is for recurrent expenditure while the balance
of N1,319,777,651,919 only is for contribution to the development fund for capital expenditure for the year ending on the 31st day of December,2012.” Continued on page 2
Why fuel subsidy must go now, by Jonathan No way, Reps insist
T
•Dr Jonathan
HE economy took the front burner yesterday as the President got into the Yuletide mood. Dr Goodluck Jonathan insisted that fuel subsidy must go and that Nigeria cannot continue to borrow to fund its economy. But he explained that the idea is not to inflict pains on Nigerians.
‘
We are paying back part of the money we borrowed, but what is in the budget is only N560 billion, just about half of the money we borrowed. Who will pay the balance and when, with interest? There is no way we can continue to run the economy this way. From Vincent Ikuomola, Abuja
The administration’s plan to remove fuel subsidy has raised so much dust. The President spoke – for the ump-
’
teenth time – on the subsidy during the 2011 Christmas Carol Service held at the banquet hall of the Presidential Villa, last night. President Jonathan reminded his audience of the global economic chal-
lenges and warned that this country is not insulated. He said: “I will plead with religious leaders – both Christians and Muslims - to join the government and see how we will improve the economy of this nation. “We are witnessing a nation, at least those who are my age, 50 years and above, as the years are going, the challenges are becoming more. Most societies are becoming more enlightened. The demand for power has increased; the demand for water, the demand for everything. Probably at independence, Continued on page 2
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