THE Federal government Monday alerted Nigerians to prepare ahead for what it termed, more austere conditions in view of the strict economic policies being put in place by the Muhammadu Buhari led administration, just as it vowed to strictly monitor expenditure of all Ministries, Department and Agencies, MDAs to avoid wastes.
The Federal government has also planned to in that 2016 budget, reduce the Personnel cost form N1.8 trillion to N100 billion as part of moves to reduce expenditure and save cost.According to the government, an excess of N1 trillion was spend on fuel subsidy in the year 2015 which include the Nigeria National Petroleum Corporation, NNPC, just as it disclosed that attention would be given to Internally Generated Revenue, IGR to fund the N6 trillion 2016 budget, adding that in 2016, it would remove fuel subsidy, move the price of petrol per liter from N87 to N97.
These were disclosed Monday when the Ministers for Budget and National Planning, Udoma Udo Udoma; Finance, Mrs Kemi Adeosun and State for Petroleum Resource; Emmanuel Ibe Kachikwu; Governor, Central Bank of Nigeria, Godwin Emefiele; Executive Chairman, Federal Inland Revenue Service, FIRS, Babatunde Fowler appeared before the joint committee s of the National Assembly on Finance to defend the 2016, 2017 and 2018 Medium Term Expenditure Framework and Fiscal Strategy Paper, MTEF & FSP documents presented to the National Assembly by President Muhammadu Buhari.



http://www.vanguardngr.com/2015/12/fg-to-move-fuel-price-from-n87-to-n97-to-remove-subsidy-next-year/

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The govt is like saying, if in 2015 Nigerians cried with their mouth, in 2016, we should get ready to cry with our anus.

its Ok...

Sunnymatey:
The govt is like saying, if in 2015 Nigerians cried with their mouth, in 2016, we should get ready to cry with our anus.

www.nairaland.com/attachments/3120726_buharishitnaija_jpeg93175423813eca44bafa47064d4d257d

HMMM. Jonathan flogged you koboko, i will flog you with scorpions.
By the way, what is supposed to be the selling price of petrol now that.crude goes for about $40 per barrel?.

ok o, we re watchng

Not again






For AsoOke, check my signature

Inconclusive FG

Whether the economy improves or not,my source is from heaven,I don't operate with the economy of this nation,next year will be a great and a better year 4 me..if u believe u can like or say Amen.

What happens when there is an increase in the global price of crude oil? A flunctuation in price of pms?just asking though.

change