Osinbajo: Nigeria spent N1trn on subsidies in 2015… this won’t happen in 2016

Vice President Yemi Osinbajo says Nigeria will not be spending N1 trillion on subsidies in 2016, like it did last year. Speaking to CNN’s business analyst, Richard Quest in Davos, Switzerland, Osinbajo also said that every Nigerian trusts President Muhammadu Buhari to stand by his promise to fight corruption. He was enthusiastic about Nigeria’s chances of surviving sharp falls in crude oil prices, saying the country has a lot of room for revenue generation other than oil. “We spent something in the order of $5 billion (N1 trillion) on subsidies last year and we are not going to have to spend any of that this year, so that’s a substantial savings. So for the man on the street, for the man who is going to the pumps to buy petrol, that’s good news,” he said. “We have plenty of room in domestic resource mobilization, we have plenty of room in taxes, we are collecting 20 percent of VAT at the moment and we can widen that coverage, do much more in terms of coverage of revenue, plug in leakages, fiscal discipline, I think there’s just plenty of room. We would survive even at that oil price”. When asked why he thought the president’s anti-corruption would not end like previous ones with good intentions and no results, Osinbajo said: “The first thing is personality. The president, President Buhari, is known for his stand against corruption for years.” “Every Nigerian trusts him and every Nigerian knows here’s a man that would stand by his word. That, I think, is a very important part of all of these. “I think the country is ready for a change, I think everyone is saying this is the time to fight corruption, this is the time to get some discipline in governance. I just think that there is a sense that the moment is here.”

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How My Daughter Seduced Me To Have Sex With Her – John Awah

“I became attracted to my daughter, when I saw her. And I told her I wanted to show her true love… Actually, she was the person that started it by always changing her cloths in front of me and this attracted me” – Says John Awah, who claimed that the multiple rounds of sex he had with his daughter was ‘consensual’ It sounds bizarre, untrue, and squeamish, but it’s the whole truth. Yes, it actually took place in Nigeria, Lagos, a city where everything seems possible. When Chinyere, 18, decided to leave her mother in Abia State and pay her father, John Awah, a visit in Lagos, she must have been longing for a tender loving care, which fathers give their children. But she surely did not bargain for what she eventually ended up with – steamy sex sessions with her father. Upon her arrival, her father was shocked to his bone marrow that his daughter who left him when she was a year old, had suddenly grown to a full girl, and he suddenly fell in love with her. Awah said: “I became attracted ...

Former Super Eagles Coach, Stephen Keshi, Is Dead

One of the most iconic captains of the Nigerian national football team, the Super Eagles, and former coach of the team, Stephen Okechukwu Keshi, is dead, his family has announced. He was 54. Emmanuel Ado a brother to the late coach said the 54-year-old died of Cardiac arrest in the early hours of Today Wednesday, June 8. “With thanksgiving to God, the Ogbuenyi Fredrick Keshi family of Illah in Oshimili North Local Government Area of Delta State, announces the death of Mr. Stephen Okechukwu Chinedu Keshi,” Mr. Ado said in a statement. He continued “Our son, brother, father, father-in-law, brother-in-law, has gone to be with his wife of 35 years (Nkem ), Mrs. Kate Keshi, who passed on on the 9th December 2015. “Since her death, Keshi has been in mourning. He came back to Nigeria to be with her. He had planned to fly back today Wednesday, before he suffered a cardiac arrest. He has found rest.” Though deeply mourning the shock exit, Mr. Ado said the family remained grateful to God for th...

Emmanuel Babayaro’s Séxcapade With Actress, Biola Ige, At Oriental Hotel

According to what Aproko247 reported; Emmanuel Babayaro may not be too popular like his other brother, Celestine Babayaro, a former player of Chelsea FC of England and ex-Nigerian international, but he is very popular with the entertainment industry where he is also a player. Emmanuel can also not be forgotten because of his role in the golden days of the Nigerian football where he was part of the team that won gold medal for Nigeria at the Atlanta 96 Olympics Games held in the United States of America where he was as a goalkeeper along with Dosu Joseph who manned the poles for Nigeria for most of the matches played. As a singer and actor himself, one cannot but agree that he is also a player in the entertainment industry even though he may not be a major player there. What one of our correspondents authoritatively got from sources within popular hotel in Lekki, Lagos, Oriental Hotel, which is thought to be owned by former Lagos State governor, Chief Bola Tinubu, is that Emmanuel and ...

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