FACED with reduced revenue following crude oil price crash, the Federal Government has decided to borrow money to fund its capital projects and meet other obligations next year.

As the government yesterday unveiled ambitious developmental plans, the country struggles to sell its once-highly-in-demand crude oil, the price of which hit a 10-year low in November.

The country’s crude oil production declined by 205,300 barrels per day in November, according to the latest report of the Organisation of Petroleum Exporting Countries (OPEC), and other members of the cartel produced beyond their respective quotas during the month.

While the Federal Government has indicated plans to raise its debt obligation to fund capital and other development projects, the financial sector is rolling out initiatives and incentives to drive employment for at least, one million graduates, through small business support and ownership.

culled from Guardian

You. Can't buy grasscutter and expect it to act like a dog. Buhari have no plan for Nigeria. Check history Northerners killed this country from 1960 till date.

You are here: Parliament home pageParliamentary businessPublications & recordsBusiness papersHouse of Commons business papersEarly Day MotionsEarly day motion 808

BIAFRA INDEPENDENCE

Session: 2015-16
Date tabled: 03.12.2015
Primary sponsor: Elliott, Tom
Sponsors: Kinahan, Danny
That this House recognises the calls for the independence of territories that constituted the Biafran Republic; acknowledges the Biafran issue could be improved with the co-operation of the Nigerian government by offering a referendum; and urges the Foreign and Commonwealth Office to use its diplomatic strength to assist in the resolution of this matter.

See link to the motion

http://www.parliament.uk/business/publications/business-papers/commons/early-day-motions/edm-detail1/?session=2015-16&edmnumber=808

See video here,

http://parliamentlive.tv/event/index/d1d02df1-bcc3-4a65-ae24-9e366957d28b?in=15%3A15%3A52&out=15%3A16%3A22

uihebom:
You. Can't buy grasscutter and expect it to act like a dog. Buhari have no plan for Nigeria. Check history Northerners killed this country from 1960 till date.

Yeah all the 36gwamnas were northerners.only northern ministers and senators.perm secs and councillors too abi?nonsense
let them borrow while we use the oil and has to power our industry.