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FG to sell off some government owned properties to fund 2021 budget

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The Federal government said it plans to sell off some government-owned properties as well as non-oil assets to fund the 2021 budget.

The Minister of Finance, Zainab Ahmed, disclosed this during the budget presentation ceremony which was done virtually on Tuesday, January 12.



According to her budget presentation titled ‘Public Presentation of 2021 FGN Approved Budget – Breakdown and Highlights’ which has been shared online, the revenue generated from the sale of these assets will be used to fund the deficit of the budget.

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The document however did not state the assets to be sold, neither did it state the expected revenue from the sales



In November 2020, the Bureau of Public Enterprise in a document presented to the Senate committee on Privatization disclosed that the Federal government plans to sell the Integrated Power Plants in Geregu, Omotosho, and Calabar at N434 billion in 2021.



The document presented indicated plans by the Federal government to also concession the National Arts Theatre, Tafawa Balewa Square, and all the River Basin Development Authorities at N836 million while the National Stadium in Lagos, the Moshood Abiola Stadium, Abuja, and two others were pegged for concessioning at N100 million.



FG to sell off some government owned properties to fund 2021 budget



President Buhari had on December 31, 2020, signed the N13.58 trillion budget for 2021.

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Football

Ronaldinho Speaks After Losing Mother

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Ronaldinho Loses Mother

Football legend, Ronaldinho has spoke after he lost his mother, Miguelina Eloi Assis dos Santos last Saturday.


On Tuesday night, February 23, Ronaldinho sent a message via his social media account to thank fans and friends for their show of support following the news of his mother’s death. 

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“My family and I thank you all for the love and support we are receiving at this difficult time. My mother was an inspiration of strength and joy to all who knew her and will continue to exert her light in our lives forever. With the strength she taught us, we will continue our journey. Thank you ”, he wrote in his post accompanied with an image of him hugging his mother.

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His mother passed away on Saturday, February 20, in Porto Alegre, Brazil, from COVID-19 complications. She was hospitalized since December 2020 after having been infected with COVID-19.

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News

Nigeria’s Restructuring Should Be Driven By Economic Viability – AfDB President, Akinwumi Adesina

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Akinwumi Adesina

The current President of the African Development Bank Group, Dr. Akinwumi Adesina has said that the restructuring of Nigeria should be driven by economic and financial viability.

He said this in a public lecture titled ‘Toward a New Nigeria From Federal Fatherism to a Commonwealth’ and delivered virtually from the base of the African Development Bank in Abidjan, Ivory Coast for an event in Akure.

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Akinwumi who stated that economic and financial viability are necessary for political viability,  also called for a better way of supporting states in financing critical infrastructure.

He stressed the need to diversify the source of financing for states across Nigeria, noting that Nigerians in Diaspora remitted $24 billion in 2019, which accounted for half of crude oil exports.

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Akinwumi suggested that resources in each state should be managed by the States which will in turn pay federal taxes and royalties to the Federal Government. He also urged state governments to focus on turning their resources into wealth based on their areas of comparative advantage.

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Mother Arrested In Ebonyi For Trying To Sell Baby For N40,000

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Mother Arrested In Ebonyi For Trying To Sell Baby For N40,000

An Ebonyi mother believed to be a commercial sex worker was arrested by the Ebonyi State police for allegedly trying to sell her baby for N40,000.

The 32-year-old woman identified as Victoria Chukwube, was arrested while trying to sell her four-month-old baby boy to raise money to start a business of selling drinks.

Ebonyi state police spokesperson, Loveth Odah said Chukwube was arrested following a tip off.

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Odah said; 

“So her name is Chukwube Victoria, she told us she is a commercial sex hawker and that she has this baby which she carrying.

“She said if she leaves here she would continue to look out for prospective buyers.

“But we tried to talk to her and to make her see the value of being a mother, but she refused.

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“She even told us that if we allow her to go home with the baby she will throw the baby away and that she can’t tell who got her pregnant.”

Upon being interrogated, the lady refused to disclose her state of origin or local government but maintained that she does not have the financial ability to take care of the child.

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Chukwube said; 

“I am from Nigeria, 32 years old, a commercial sex hawker and my baby is just four months old.

“I want to sell the baby at the rate of N40,000 to start up a business. I have a fridge and I reside at Ogbe Hausa in Abakaliki.”

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‘It Slipped Out Of My Mouth’- Apostle Suleman Reacts To Video Of Him Praying COVID-19 Shouldn’t End

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Apostle Johnson Suleman

The General Overseer of the Omega Fire Ministries International, Apostle Johnson Suleman, has reacted to his statement in which he said that COVID-19 should not end because he was prospering and has been able to buy his third private jet as ‘slip’ out of his mouth.

In a video that trended last week, Apostle Suleman while preaching at a church program, said

“In COVID (pandemic) I bought a jet; the third one. I have three. I was praying for COVID-19 not to end because I was resting. While people were complaining. my wife asked, ‘Can life be this sweet?’ Am I talking to somebody here?”

His statement attracted lot from criticisms from many Nigerians for being over excited about a pandemic that took lives and crippled the economic lives of many including the people who attend his church.

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In reaction, Apostle Suleman while preaching in his church on Sunday, February 21, said the video of him making the statement was edited by a fellow pastor who is an enemy of his.

“There’s a video that is trending about me. It was posted by a pastor against me. It was a programme I had in Abuja and I was trying to explain something about COVID-19. When they told me that I prayed for COVID-19 not to end, I said ‘me? I didn’t say that.’

When they brought the video, I discovered it slipped out of my mouth. There’s no pastor that will pray for Covid not to end. It doesn’t make sense.

I was talking about what happens around Covid, how families were staying together, how families united, how some people even made money during that process. That was what I was trying to buttress and it slipped out of my mouth. I could not have prayed for Covid not to end, no pastor would do that. But he (the pastor) took that mistake, edited some part and blew it” he said

He added that those who are angry that he bought a third private jet will just die.

“If you are angry I mentioned three jets, you go just die. That’s the truth”.

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Entertainment

Burna Boy Features In New Pepsi Advert Alongside Messi, Pogba, Sancho, Others

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Burna Boy Features In New Pepsi Advert Alongside Messi, Pogba, Sancho, Others

Nigerian Musician, Burna Boy featured in a new Pepsi advert alongside football stars Leo Messi, Paul Pogba, Jadon Sancho and Others.

Burna boy who is a brand ambassador for Pepsi joined other ambassadors as he voiced the theme song in their newest ad which he shared on his official Twitter page.

The song for Pepsi is a new track ‘Rotate’ featuring Becky G on the new Pepsi “Fizz To Life” spot featuring Lionel Messi, Paul Pogba, Jadon Sancho and athlete, Shanice Van De Sanden.

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This is coming after his song ‘Collateral Damage‘ has been used as theme song for popular video game, “Need for Speed Heat”.

Watch the video below:

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