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2020 Budget: Why The Increment Despite Drop In Revenue – Presidency

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The presidency has made a revelation on why 2020 budget was increased despite drop in revenue due to the impact of COVID-19.

The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Umar El-Yakub, has said the decision of the Presidency to increase the 2020 Budget despite drop in revenue was meant to mitigate the impact of the COVID-19 pandemic on the nation’s economy.

The President, Major General Muhammadu Buhari (retd.), had on Friday signed the Appropriation (Repeal and Amendment) Act, 2020 into law.

The revised budget provides for aggregate expenditure of N10.81trn, which is an increase of N216bn over the level of expenditure initially proposed in the 2020 Appropriation Act.

El-Yakub, in an interview with State House correspondents, attributed the increase to the government’s decision to prioritise infrastructure projects that would reflate the economy.

He said,

“One needs to understand that the essence of the review is to prioritise government projects that will address infrastructure and ginger the economy more as well as address health issues.

“Because of the pandemic, investments are made in those regards and certainly you know that there are palliatives that had been initiated by the Federal Government in the phases of implementation.

“All those necessitated this new look at the budget so as to free certain amounts of money hitherto appropriated for certain projects which in the circumstances are not as expedient to prioritise.

“We looked at other infrastructure that need prioritisation so as to address the pandemic and the difficulties that it has brought to the lives of Nigerians.”

El-Yakub lauded the cordial relationship currently existing between the executive and legislative arms of government, saying it is a relationship that is based on mutual understanding, respect and partnership in nation-building.

The presidential aide said the National Assembly needed the executive arm of government because it is the arm that implements laws that have been passed by the National Assembly.

He said the revised 2020 budget was one of the bills the National Assembly looked at expeditiously because it is an amendment that was necessitated by the circumstances of the moment which also caused a serious strain on the economy.

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TikTok CEO Zhang Yiming Resign (See Why)

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TikTok CEO Zhang Yiming Resign


The CEO of TikTok, Zhang Yiming has recently resign to read book and daydream.

The CEO of video-sharing social network, TikTok who is currently the 30th richest person in the world made a decision to resign as the CEO.

He stated that, he wants to spend more time to reading of books and daydreaming also.

According to reporters, Zhang with a net worth of $44 billion announced on Monday, May 24, in an official letter to his employees, said he lacked some skills that’d make him an ideal manager.

“The truth is, I lack some of the skills that make an ideal manager. Similarly, I’m not very social, preferring solitary activities like being online, reading, listening to music, and daydreaming about what may be possible.,” he said.

Yiming will step down at the end of the year to focus on long-term strategy.

 

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OMG!! Brekete’s President, Ahmad Isah Arrested (See Why)

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OMG!! Brekete’s President, Ahmad Isah Arrested


Brekete’s Ordinary President, Ahmad Isah has been arrested by the Police officials in Abuja for assaulting an accused woman.

The popular family show host, Ahmad Isah was clearly seen in a video trending online hitting a BBC Africa Eye documentary interviewee.

The woman made a confession, where she said admit to have poured kerosene on her brother’s daughter and set the child on fire after accusing her of witchcraft.

The family show host, was much aggrieved by all her statement and probably lack of remorse, slapped her twice after he wasn’t able to control his temper.

Ahmad Isah later apologies for his actions after he has receive so much backlash for his actions.

Brekete radio on Tuesday morning, disclose via their official Twitter handler that Ahmed Isah has been arrested.

Watch The Video Below:

 

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Nigerian Girl Shows Dollar Bills Online (video)

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Nigerian Girl Shows Dollar Bills Online (video)


A Nigerian girl was recently seen online as she shows dollar bills while bragging.

The video was seen on YouTube, where the said lady was flaunting some dollar bills, amidst everything happening in the country currently.

It’s really strange to see people flaunt money online with the current situation now, instead of keeping a low profile now.

Check out the video and tell us what you think about all this…

See Video Below:

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