DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 4014

2024 Appropriation Bill Passes Second Reading in the Nigerian House of Reps

By
Samuel Nwite
-
0

The Nigerian House of Representatives has successfully passed the 2024 Appropriation bill for a second reading, following a two-day debate on the general principles of the legislation.

The budget, presented by President Bola Tinubu on Wednesday, moved forward during a special plenary session on Friday, despite facing scrutiny for perceived extravagant spending, particularly for political office holders.

On Thursday, the House commenced the debate on the bill. After about two hours of debate, the Speaker of the House, Abbas Tajudeen, announced a special session to be held on Friday to conclude the debate.

The legislative process unfolded amidst backlash over components of the budget that were criticized as frivolous. The concerns echo similar discontent expressed earlier in November when civil society organization Tracka opposed the approval of the N2.17 trillion 2023 supplementary budget by the Senate.

On November 2, Tracka, through a letter, moved to stop the Senate from approving an earlier N2.17 trillion 2023 supplementary budget for its frivolous items. The items in question, including a yacht, cars for the First Lady, and office building renovations, drew public outrage.

Tracka rerouted and submitted the letter to the Office of the Secretary to the Government of the Federation, asking the president not to assent to the supplementary budget. Despite Tracka’s efforts to prevent the supplementary budget’s approval, it was assented.

Similar to the supplementary budget, the 2024 proposed budget has faced criticism for allegedly neglecting the most pressing needs of the Nigerian people.

Hon. Yusuf Shitu Galambi reportedly told BBC Hausa that the budget is empty. “We sat yesterday to discuss the general principles of the budget but nobody got a copy. The truth is that the president came with an empty case,” he said.

The 2024 budget proposal has an aggregate expenditure of N27.5 trillion, with N9.92 trillion allocated to recurrent expenditure, N8.7 trillion to capital expenditure, a projected deficit of N9.18 trillion, and debt servicing estimated at N8.25 trillion. Despite the sizable allocation, concerns have been raised about the budget’s allocation not adequately addressing critical national needs.

The education sector is set to receive N2.18 trillion, with allocations to the Ministry of Education and its agencies, the Universal Basic Education Commission (UBEC), and the Tertiary Education Trust Fund (TETFund). The health sector is allocated N1.33 trillion, covering the Ministry of Health and its agencies, GAVI immunization, and statutory transfers to the Basic Healthcare Provision Fund.

The defense sector, however, garnered a substantial share of 12 percent of the entire budget, totaling N3.25 trillion, while infrastructure is allocated N1.32 trillion.

Some of the lawmakers are asking for more funds to be allocated to transportation, health and education.

Following the conclusion of the budget debate, Speaker Tajudeen announced that the Appropriations Committee would meet after the plenary session. The Deputy House Leader, Ali Halims, proposed the adjournment of the House until December 12 to allow committees to engage with relevant Ministries, Departments, and Agencies (MDAs). The motion for adjournment received unanimous support from the House.

COP28: Okonjo-Iweala Urges Nigeria to Secure Increased Financial Support from Investors

By
Samuel Nwite
-
0

The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has emphasized Nigeria’s comparative advantage in attracting and harnessing potential investments, particularly amidst the ongoing 28th meetings of the United Nations Conference of the Parties (COP28) in Dubai, UAE.

Speaking after addressing world leaders at the World Climate Action Summit, Okonjo-Iweala urged Nigeria to seize the opportunity presented by substantial pledges, including Germany’s commitment of $100 million.

“This is the time for us (Nigeria) to harness the investments that are potentially out there. We must grab a slice of that $100 million Germany is promising,” Okonjo-Iweala asserted, underlining the importance of positioning Nigeria to attract investment flows resulting from the climate commitments being made at COP28.

The WTO official highlighted the imperative for Nigeria to intensify efforts in developing and implementing its Energy Transition Plan (ETP). Nigeria has outlined ambitious targets, planning to allocate $1.9 trillion between 2022 and 2060 across five sectors to meet the goals of its ETP.

One of Nigeria’s priorities at COP28 is to secure increased financial support from investors to facilitate the implementation of the ETP and other climate actions within the country.

During the COP28 opening plenary on Thursday, a historic agreement was reached with the adoption of the inclusion of the loss and damage operationalization fund in the summit’s agenda. This development prompted countries to make significant pledges in solidarity with the new fund, with over $450 million pledged by countries on the first day of the summit.

Okonjo-Iweala sees immense opportunities for Nigeria in the current global climate discourse, particularly in the areas of solar, wind, hydrogen, and other climate-smart initiatives. She stressed the need for Nigeria to position itself to access funding for these initiatives, given the growing momentum of financial pledges by world leaders at COP28.

Addressing the energy transition plan, Okonjo-Iweala acknowledged the importance of utilizing gas as a transition fuel for Nigeria, recognizing the country’s status as a developing nation with a significant population of economically disadvantaged individuals. However, she urged prompt action, noting that Nigeria should start the transition process now to tap into the available financial resources.

Highlighting recent commitments, she mentioned the UAE’s announcement of a $30 billion fund for investment and urged Nigeria to leverage such opportunities. She emphasized the importance of accessing investments for green hydrogen, not only for Nigeria’s benefit but also to contribute to global efforts in sustainable energy.

“…we are still a developing country with many poor people. But we should start now,” she said.

“Let us not stay behind, let’s try to grab the investments that are willing to be made now. You heard today that the UAE announced a $30 billion fund for investment so we must tap into that. We must tap into the one from the US to start building up green hydrogen not only for ourselves but also for others.”

Some Scholarships Are Available in Tekedia Institute; Apply

By
Ndubuisi Ekekwe
-
0

As the Good People here requested, the team has extended the deals to Dec 4, 2023. Yes, Tekedia is offering a 50% discount on the noted courses till Dec 4, 2023. Click here to acccess the goodies.

If you are a Teacher in a primary or a secondary school in a RURAL area in Yobe State, we have a scholarship for you, through a generous donation, to attend Tekedia Mini-MBA free. 10 spaces are available. Eyitayo Adeleke, mMBA and Ideas Worth Billions*, a non-profit which helps on selections of scholars,  will coordinate for the selection.

We also have a space for Tekedia Mini-MBA for anyone who meets this requirement: “Sponsorship for a female business owner in the domains of education or healthcare delivery in any rural area in Africa”.  Contact the same team.

Tekedia Institute offers many scholarships to support young people through generous donations from people like you. Thank you ALL.

Note: The NGO’s contact is here https://iwborg.netlify.app/ for those not in LinkedIn

Optimism Network 15% Down, Hedera Enters The Dark Void; Slayboy Token Offers Not Only 100x Returns But Also The Ultimate Pleasure Investment

By
TI Partners
-
0

The prices in the crypto world can swing wildly like a saucy burlesque dancer, and recently, the renowned Optimism network has unexpectedly taken a nosedive. Joining the list of this week’s biggest losers, Hedera (HBAR) plunged even deeper, leaving holders feeling like they’re on a rollercoaster ride to nowhere. But hold on tight, because there’s a new player in town, Slayboy Token (SLAY), ready to offer a tantalising investment opportunity that might just leave you screaming with pleasure.

The Not So Optimistic Optimism Network

Optimism, which was riding high with recent gains, has now plunged, leaving investors flabbergasted. It has witnessed a heart-wrenching 15% drop from its recent peak of $1.59, currently trading at around $1.35. And that’s not the end of bad news, as OP’s price could fall even more if larger currencies, such as BTC, lose traction. Ouch! But don’t fret, because Slayboy Token is here to soothe those wounds.

<< Fulfil All Your Desires With Slayboy Token >>

While the Optimism network relies on optimistic rollups as a scaling solution, Slayboy Token introduces us to the irresistible SlayDex – an exchange platform that makes trading look as sexy as a forbidden romance. And yes, Optimism may have its technical optimistic rollups charm and years of experience, but SlayDex takes it to a whole new level. It’s user-friendly, even for those who are new to the crypto game, making crypto exchanges accessible to everyone.

While The Hedera Price Is Going Down, Slayboy Token Rises Up

 

Just like the Optimism network, Hedera has taken a deep plunge into the abyss, sending shockwaves through the crypto community. With a gut-wrenching 20% decline over the last month, HBAR is now hovering at a mere $0.05, leaving investors scratching their heads, wondering where it all went wrong. But fear not, because Slayboy Token remains as steady as a rock.

<< Get Your Key To The Slayboy Manor >>

While the Hedera price is sinking, Slayboy Token’s presale status stands tall, like a lighthouse guiding lost ships through the stormy seas of crypto volatility. Investors in Slayboy Token can enjoy stability and security, watching their investments and satisfaction grow without the heart-stopping roller coaster ride Hedera holders are enduring.

Spice up Your Life With Slayboy Token

Now, let’s talk about the main event – Slayboy Token. This cryptocurrency isn’t just a meme; it’s a meme with a mission. With community incentives that would make even Cupid jealous, Slayboy Token is all about giving back. 10% of all tokens are reserved for user initiatives, including support for community-chosen charitable causes. At the Slayboy Manor, it’s always a win-win that leaves everyone satisfied.

While Hedera and the Optimism network are struggling to stay above the surface, Slayboy Token offers a safe and secure haven for all sexually liberated and mature investors. But how does Slayboy Token do it? The answer is simple: it takes privacy seriously. What happens in Slayboy Manor stays in Slayboy Manor, just like a juicy secret whispered in the dark. With Slayboy Token, you can explore your wildest fantasies with the confidence that your personal information is locked away tighter than a chastity belt.

While the Optimism network and Hedera are taking their investors on a wild emotional ride, Slayboy Token stands as a beacon of stability, pleasure, and profitability. It’s the cryptocurrency that knows how to satisfy both your financial and personal desires. So, why settle for distress when you can embrace pleasure with Slayboy Token?

More About Slayboy Token:

Website: https://slayboy.space/

Telegram: https://t.me/SlayboyToken

Twitter: https://twitter.com/SlayboyToken

The Best Crypto Investment: GameStop Memes Beats BNB and Ethereum ROIs with a $4 Million Presale Surge

By
TI Partners
-
0

When we talk about the dynamism of the cryptocurrency world, we are in for a great ride on the excitement of potential gains and the ever-evolving market dynamics that make investors’ choices harder and harder. So, today, we will explore the strategies and impacts of three amazing digital assets: Binance Coin (BNB), Ethereum (ETH), and the current innovator, GameStop Memes (GMS).

In this article, we will shed light on whether these three currencies will be a successful investment in the world of cryptocurrencies in 2024, especially after the $4 million presale of GameStop Memes.

BNB Sees Surge in Popularity

In the first corner of our crypto battlefront, we have Binance Coin (BNB), the native cryptocurrency of the world-renowned Binance exchange. BNB has been a prominent player in the crypto space, known for its utility and versatility. Originally launched as an ERC-20 token on the Ethereum blockchain, BNB transitioned to Binance’s native blockchain, Binance Chain, through a coin swap.

Binance Coin’s primary function is to fuel transactions and interactions within the Binance ecosystem. Users can utilise BNB to pay for trading fees, transaction fees, and even goods and services from merchants that accept them. This utility has solidified BNB’s position in the crypto market and continues to evolve.

One of the key factors driving Binance Coin’s popularity is its participation in various Initial Coin Offerings (ICOs) and token sales on the Binance Launchpad. This has allowed investors to access promising projects at an early stage, potentially reaping significant rewards, which means it is likely to be a good investment in 2024.

Ethereum: An Uncertain Investment in 2024?

In the opposite corner, Ethereum (ETH) stands out for its groundbreaking approach to blockchain technology. While Bitcoin primarily focuses on digital currency, Ethereum takes a broader perspective.

Launched by Vitalik Buterin in 2015, Ethereum introduced the concept of smart contracts, enabling developers to create decentralised applications (DApps) and customise blockchain solutions. This innovation opened doors to a wide range of applications beyond traditional finance.

However, Ethereum has grappled with scalability issues. Its current infrastructure struggles to handle a high volume of transactions efficiently. This has resulted in high gas fees and slower transaction processing times, limiting its potential; therefore, Ethereum may not be a good investment in 2024.

GameStop Memes’ Disruptive Entry to Crypto

Now, let’s shine the spotlight on the disruptor of the hour, GameStop Memes (GMS). Inspired by the GameStop saga that made headlines, GMS takes the meme culture to new heights by turning popular internet memes into tradable assets.

GameStop Memes’ strength lies in its community-driven ethos. It thrives on the collective enthusiasm of its users, who come together to celebrate and invest in their favourite memes. While it may not possess the technological sophistication of Ethereum or the dominance of Binance Coin, it introduces an element of fun and community spirit to the crypto space.

Moreover, GameStop Memes made a significant mark by amassing an impressive $4 million during its presale, signifying growing interest and support for this meme-inspired cryptocurrency. While its long-term impact on the crypto market remains uncertain, it undeniably injects excitement and unpredictability into the scene.

We’ve explored the strengths and strategies of Binance Coin, Ethereum, and GameStop Memes in this crypto battle. Binance Coin excels in utility and participation in token sales, Ethereum pioneer’s innovation with its smart contracts, and GameStop Memes adds a playful twist to the world of crypto.

So far, the GameStop Memes method seems effective and distinct after achieving $4 million in presale.

 

Invest in GSM while it’s still in presale!

Website: https://GameStopmemes.com/  

Twitter: https://twitter.com/GameStopopMemes

Telegram: https://t.me/GameStopopMemes

1...4,0134,0144,015...8,657Page 4,014 of 8,657

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy