Ongoing negotiation between the Federal Government and National Assembly on the need to reduce the deficit level of the 2011 Budget is delaying its passage, it was learnt yesterday.
The Director-General, Budget Office of the Federation, Dr. Bright Okogu, who spoke at the launch of the International Monetary Fund (IMF) Sub-Saharan Africa Regional Economic Outlook, explained that the budget office is working out modalities that will reduce the budget deficit from 3.6 per cent of the Gross Domestic Product (GDP) to three per cent. This, he said, would improve the revenue generating arm of the budget and make more funds available for capital projects.
The defeated presidential candidate of the opposition Congress for Progressive Change (CPC), General Muhammadu Buhari, has said that he will not participate in President Goodluck Jonathan’s all-inclusive government. He alleged that Jonathan’s electoral victory was fraudulent, a position he has consistently held since the ruling Peoples Democratic Party (PDP) was declared winner of the poll. According to him, since reports have shown that the mandate given to President Jonathan was fraudulent, it would be wrong for him to be involved in running the government. Speaking through his spokesman, Yinka Odumakin, Buhari said: “We stand for a free, fair and credible election but we have discovered that the last presidential election was neither free nor fair.
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The Lagos state police command said parents and guardians who assault their children and wards will be made to face the full wrath of the law.
This follows the arrest and prosecution of a housewife, Chigozie Godrick, for allegedly brutalising her ward, Ifunnaya Nwamba, 12.
Mrs Godrick was arrested last month following a petition to the police by the school authority at the Adeniyi Jones Primary School located at 1 Kudeti Street, Adekunle Village in Adeniyi Jones, where Miss Nwamba is a pupil, on repeated cases of brutality by her guardian Mrs Godrick.
Every week CNN International's African Voices highlights Africa's most engaging personalities, exploring the lives and passions of people who rarely open themselves up to the camera. This week we profile Nigerian scientists Amina and Isa Odidi, founders of Intellipharmaceutics.
(CNN) -- Partners in life and in work, leading Nigerian scientists Amina and Isa Odidi are changing the face of pharmaceuticals.
While raising five children, the Canadian-based couple founded Intellipharmaceutics, pioneering an innovative drug delivery system.
The technology allows patients to take a drug once instead of many times a day, making it easier for them to manage and comply with doctors' orders.
"What makes this company unique is innovation, technology -- its ability to make products that you can take once that are using cutting-edge, novel drug delivery systems," Isa says of the publicly-traded firm.
The couple's journey to the top began in 1976 when they met in a university classroom in Nigeria. Their ambition led them to study abroad and they eventually settled in Canada.
Part 1 - Out to Change the Pharmaceutical Industry
Over 50 of the 63 registered political parties may be de-registered by the Independent National Electoral Commission (INEC) as a result of their failure to win any elective position in the just concluded general elections, Daily Trust can reveal. Based on the provisions of the Electoral Act 2010 as amended, every political party must win at least a seat in the National Assembly or any of the 36 states Houses of Assembly for it to continue existing as a registered and recognised political party by INEC.
Oyo State governor-elect, Senator Abiola Ajimobi, yesterday urged banks and civil servants to report last-minute transactions by the outgoing Peoples Democratic Party (PDP) administration.
He alleged that the transactions were aimed at fleecing the state of huge funds.
In a statement by the Director of Publicity of the Senator Abiola Ajimobi Campaign Organisation, Mr Yanju Adegbite, the governor-elect alleged that the outgoing administration was making clandestine plans to plunder the state through phony overseas training and looting of government property to cause cash drought for the incoming administration.
FEELERS from government circles, at the weekend, indicated that the president-elect, Dr Goodluck Jonathan, is tinkering with the idea of a new National Unity Government, which would see nominees from, at least, three opposition parties in the new administration.
It was gathered in Abuja, at the weekend, that the Action Congress of Nigeria (ACN), which took control of five of the six states in the South-West, could be asked to nominate three ministers into the new government, which comes into office on May 29.
Despite the hiccups that have bedevilled the passage of the Petroleum Industry Bill (PIB), the Federal Government says it has every reason to believe it will be passed before the expiration of this administration’s tenure.
But oil and gas industry operators do not share this optimism due to the limited time the parliamentarians have left. They note that if the bill is not quickly passed into law, it would be a dent on the image of President Goodluck Jonathan, leader of the ruling People’s Democratic Party (PDP) which, incidentally, controls the majority in the outgoing National Assembly.
"Justice has been done," Obama said in a dramatic, late-night White House speech announcing the death of the elusive mastermind of the September 11, 2001, attacks on the New York and Washington.
Obama said U.S. forces led the operation that killed bin Laden. No Americans were killed in the operation and they took care to avoid civilian casualties, he said.
"The United States has conducted an operation that killed Osama bin Laden, the leader of al Qaeda and a terrorist who is responsible for the murder of thousands of men, women and children," Obama said.
Nigerians Amina and Isa Odidi are changing the future of pharmaceuticals. While raising five children and working long hours, the couple founded Intellipharmaceutics, pioneering a drug delivery system that is more efficient and affordable.
To watch the full show tune in to CNN at the following times: •Saturday 29/04/2011: 0830, 1430 •Sunday 30/04/2011: 0800, 2100 •Monday 01/05/2011: 1030, 1730 (all times GMT)