Nigeria and the United Arab Emirates (UAE) Tuesday in Abu Dhabi signed six agreements to enhance bilateral relations between them.
The signing of the agreements on trade, finance and judicial matters was witnessed by President Muhammadu Buhari and the Crown Prince of the United Arab Emirates, Mohammed Bin Zayed Al Nahyan.
Nigeria’s Minister of Finance, Kemi Adeosun, and the UAE Minister of State for Financial Affairs, Obaid Attayar, signed the Avoidance of Double Taxation Agreement, while the Minister of Trade and Investment, Okechukwu Enelamah, signed the Agreement on Trade Promotion and Protection with the UAE Minister of State for Financial Affairs.
The Minister of Justice, Abubakar Malami, and his counterpart in the United Arab Emirates, Bin Saeed Albadi, signed the Judicial Agreements on Extradition, Transfer of Sentenced Persons, Mutual Legal Assistance on Criminal Matters, and Mutual Legal Assistance on Criminal and Commercial Matters, which includes the recovery and repatriation of stolen wealth.
At a reception after the signing of the agreements, President Buhari reiterated his commitment to fighting corruption and restoring Nigeria’s dignity in the comity of nations.
The president also urged all Islamic countries to support the fight against terrorism in Nigeria and denounce the atrocities of Boko Haram as un-Islamic and against the teachings of Prophet Mohammed.
In his remarks, Prince Zayed Al Nahyan said the relationship between Nigeria and the UAE would be strengthened by President Buhari’s visit and the signing of the agreements.
Premium Times
Tuesday, January 19, 2016
Video - Nigeria fails to cut down oil production
Nigeria will not be cutting down it's oil production despite the persistent fall in crude oil prices. In fact, experts are advising them against it, unless the global oil regulatory body OPEC calls for a production cut for its member states. But experts also say that member countries have to act fast and salvage the situation.
President Buhari sends corrected 2016 Nigeria budget to National Assembly
President Muhammadu Buhari has formally sent amendments to the 2016 budget to the National Assembly.
A letter from the president notifying lawmakers of the “corrections” was read Tuesday by the senate president, Bukola Saraki, during senate plenary.
A document containing the corrections was attached to the letter.
The president in his letter said the “draft bill remains the same and there are no changes in figures”.
The letter reads: “It will be recalled that on Tuesday, 22 December, 2015, I presented my 2016 budget proposals to the joint sitting of the national assembly. I submitted a draft bill accompanied by a schedule of details.
“At the time of submission, we indicated that because the details had just been produced, we would have had to check to ensure that there were no errors in the detailed breakdown contained in the schedule.
“That has since been completed and I understand that the corrections have been submitted.
“The national assembly would therefore have the details as submitted on the 22nd and a copy containing the corrections submitted last week. It appears that this has led to some confusion.
“In this regard, please find attached the corrected version. This is the version the national assembly should work with as my 2016 budget estimates. The draft bill remains the same and there are no changes in any of the figures.”
Mr. Saraki asked the Senate Leader, Ali Ndume, to ensure the copies of the corrected document are circulated today, Tuesday, so that the Senate will start debate on Wednesday.
The 2016 budget generated controversy last week after senators said the documents presented by the president were missing.
The senate on Thursday accused the president’s aide, Ita Enang, of distributing a version of the budget different from what the president submitted.
Premium Times
A letter from the president notifying lawmakers of the “corrections” was read Tuesday by the senate president, Bukola Saraki, during senate plenary.
A document containing the corrections was attached to the letter.
The president in his letter said the “draft bill remains the same and there are no changes in figures”.
The letter reads: “It will be recalled that on Tuesday, 22 December, 2015, I presented my 2016 budget proposals to the joint sitting of the national assembly. I submitted a draft bill accompanied by a schedule of details.
“At the time of submission, we indicated that because the details had just been produced, we would have had to check to ensure that there were no errors in the detailed breakdown contained in the schedule.
“That has since been completed and I understand that the corrections have been submitted.
“The national assembly would therefore have the details as submitted on the 22nd and a copy containing the corrections submitted last week. It appears that this has led to some confusion.
“In this regard, please find attached the corrected version. This is the version the national assembly should work with as my 2016 budget estimates. The draft bill remains the same and there are no changes in any of the figures.”
Mr. Saraki asked the Senate Leader, Ali Ndume, to ensure the copies of the corrected document are circulated today, Tuesday, so that the Senate will start debate on Wednesday.
The 2016 budget generated controversy last week after senators said the documents presented by the president were missing.
The senate on Thursday accused the president’s aide, Ita Enang, of distributing a version of the budget different from what the president submitted.
Premium Times
Video - Nigeria Super Eagles beat Niger 4-1
Second half substitute Chisom Chikatara inspired Nigeria to a crushing 4-1 win over Niger in their African Nations Championships opening match at Kigali's Nyamirambo stadium on Monday.
Monday, January 18, 2016
Video - Africa's richest man Aliko Dangote creating jobs in Nigeria
It's a sector being described as Nigeria's new oil; the tomato industry. Africa's richest man Aliko Dangote is hoping to change tomato production in the country, with a giant factory that will boost domestic output, create jobs, and even, indirectly, fight Boko Haram.
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