Nigeria’s widest circulating newspaper
Ekwueme leads Ohanaeze to meeting with Arewa
Alao-Akala ‘blew’ N3.37b UBEC fund
NEWS
Page 8
NEWS
Page 57
•Igbo, North hold cooperation parley
•Official: we rebuilt schools
www.thenationonlineng.net
VOL. 7, NO. 2275 THURSDAY, OCTOBER 11, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
ONDO 2012
N150.00
•Akeredolu: power ‘ll shift on October 20 •3000 LP members defect to ACN in Owo •Mimiko, Akeredolu, Oke to debate
•AND MORE ON PAGES 4&5
Soldiers seal off village over UNIPORT killings
U •Abubakar
NIVERSITY of Port Harcourt (UNIPORT) students yesterday stayed put on the campus, vowing to burn more houses of the suspected killers of their colleagues in nearby Aluu community. Twelve houses were burnt on Tuesday in retaliation for the killings. But yesterday, soldiers and
From Bisi Olaniyi, Port Harcourt, Kamarudeen Ogundele, Abuja and Kelvin Osa Okunbor
policemen were deployed in the community. The four lynched students are: Biringa Chiadika Lordson, Year Two, Theatre Arts, U2010/1805036; Ugonna Kelechi Obuzor, Year Two, Geology, U2010/5565149 and Mike Lloyd Toku, Year Two, Civil
Engineering, U2010/3010094. The fourth person, Tekena Erikena, who earlier did Basic Studies at UNIPORT, was yet to be formally identified as a student of the university. Inspector General of Police Mohammed Abubakar vowed yesterday that the police will investigate the killings. The Nigerian Bar Association (NBA) urged the govern-
ment to prosecute the suspects without delay. The soldiers and policemen barricaded the roads, checking the few people and vehicles passing. The community has been deserted by the residents, especially the vigilance members, who allegedly killed the young men. The spokesman of the 2 Brigade, Nigerian Army, Bori
Camp, Port Harcourt, Major Michael Etete, described the heavy deployment of soldiers and other security personnel as one of the proactive measures taken by the security agencies to quickly restore normalcy to the area. Rivers police spokesman Ben Ugwuegbulam, said the security men were there to Continued on page 2
House to Jonathan: 2012 Budget execution poor •SEE ALSO PAGES 6,7,12,53&62
President proposes N4.92tr for 2013 We won’t rubber stamp it, says Mark HIGHLIGHTS
•Education - 426.53b •Defence - 348.91b •Police - 319.65b •Health - 279.23b •Sure-P - N273.5b •Works - N183.5b •Agric/Rural - N81.41b •Power - N74.26b
•Statutory transfer - N380.02b •Debt Service - N591.76b •Fuel Subsidy - N9716 •Euro Bond - $1b •Free phones for 5m women •Oil search in Chad , Benue, Yola, Anambra to cost N16b •0% duty on aircraft, parts
KEY FIGURES
$75 •Oil benchmark N1.03tr•Deficit N4.94tr •Expenditure N10.84tr•Projected revenue N1.54tr •Capital vote N3.89tr •Fed Govt revenue
T
O a packed House chamber, President Goodluck Jonathan yesterday presented next year’s budget proposal of N4.92 trillion to the National As-
From Onyedi Ojiabor, and Sanni Onogu, Abuja
sembly. He got a standing ovation at the end of the expectedly long speech, but the excitement was shortlived. House Speaker Aminu Tambuwal delivered a damming verdict on this year’s budget: it was poorly implemented, he said in his vote of thanks. Besides, according to the Speaker, next year’s proposal does not contain revenue from gas and external
•President Jonathan...yesterday
The $75 benchmark price will safeguard what is precious to the economy which is the macro economic stability of the country —Okonjo-Iweala burning is not neglected. Jonathan said the N4.92 trillion represented a modest increase of about 5 per cent over the N4.7 trillion appropriated for this year.
The $80 per barrel will reduce the deficit in the budget and consequently reduce domestic borrowing by 66 per cent —Tambuwal
He gave the breakdown of the fiscal estimate to include N380.02 billion for Statutory Transfers, N591.76 billion for Debt Service, N2.41 trillion for Recurrent (Non-Debt) Ex-
penditure and N1.54 trillion for Capital Expenditure. The President explained that the budget of “fiscal consolidation Continued on page 2
•SPORT P16 •EDUCATION P25 •POLITICS P43 •N/HEALTH P45 •E-BUSINESS P47