Connect with us

Entertainment

President Bola Tinubu has requested the national assembly to consider a N6.2 trillion increase in the 2024 appropriation act.

Published

on

 

President Tinubu expressed his request in a letter that was read aloud by Senate President Godswill Akpabio during the Wednesday session in the upper legislative chamber.

This adjustment raises the 2024 budget to N34.9 trillion, up from the original N28.7 trillion budget that Tinubu approved on January 1st.

Tinubu is advocating for a budget revision that allocates N3.2 trillion for infrastructure initiatives and N3 trillion for ongoing expenses.

The president said, “Pursuant to section 58 (2) of the constitution of the federal republic of Nigeria as amended, I forward herewith the above named bills for consideration and passage by the senate,”

“The appropriation act amendment bill seeks to amend the principal act to provide the sum of N3,200,000,000,000 for Renewed Hope Infrastructure Projects and other critical infrastructure projects to be undertaken across the country and the sum of N3,000,000,000,000 to meet further recurrent expenditure requirements necessary for the prosper operation of the federal government.

“They shall be funded by accruing to the federal government of Nigeria.”

“Furthermore, the proposed amendments to the Finance Acts 2023 are required to a one-time windfall tax on the foreign exchange gains realised by banks in their 2023 financial statements to fund capital infrastructure development, education, and healthcare as well as welfare initiatives all which are components of the Renewed Hope Agenda,”

Entertainment

There is a rising trend of my Igbo brothers Marrying women old enough to be their grandmothers, this is pathetic —Uriel Oputa(Ex BBnaija housemate)

Published

on

 

The BBNaija star and Imo born influencer cries out on the alarming rate of igbo men marrying older women. She opined that the reason for this is not far-fetch and very connected to the hustle for a passport.

Uriel stated that women shouldn’t be called gold diggers henceforth because men have taken the lead and they are the real gold diggers now.

Furthermore, she mentioned that as a woman with an elderly mother, she can’t even imagine what a Man will be doing with an elderly woman in the other room.

 

Continue Reading

Entertainment

Many Nigerian artists not financially stable because of frivolous spending – Bella Shmurda

Published

on

Afrobeats singer Bella Shmurda has spoken about how frivolous spending is affecting the finances of many Nigerian artistes.

Shmurda claimed that many of his colleagues are unable to fund their projects without the backing of major labels because they lavish their money on trivialities.

Featuring in a recent episode of the Afrobeats Intelligence podcast, the ‘Cash App’ crooner explained that he too made a similar mistake at the beginning of his rise to stardom but later corrected it.

The singer argued that artistes do not need to spend the bulk of their earnings on expensive jewellery and cars in order to build a brand, noting that simplicity is also a form of branding.

He said, “I don’t think packaging has to be materialistic. Having good clothes on you, looking nice, nice skin, brushing your teeth, smelling well is okay, if you know how to dress without chains. I mean some of us don’t have these things before, and we looked good. This guy doesn’t have a chain on, and he looks good. He’s not dirty. I mean, that’s packaged enough for your purpose.

“It’s because of the too much emphasis on expensive packaging that our young artists now run towards advances and they end up being indebted to those companies. And the companies have to hold their catalogue for years. It’s because of these materials things that they go into debts. They can’t even fund their next project because they do use their money buy big motor. I made that mistake too but I learnt. And I feel like we just have to educate ourselves about these things.”

Continue Reading

Entertainment

BREAKING:: Highlife maestro MIKE EJEAGHA dies at 95

Published

on

 

Renowned Highlife legend, Mike Ejeagha, known for transforming Igbo folklore and proverbs into captivating music, has passed away at the age of 95.

Ejeagha died on Friday night at about 8 p.m. at the 32 Garrison Hospital in Enugu, following a prolonged illness

 

Continue Reading

Trending