Issuu on Google+ Vol. 9 No. 97 . . . putting the people first Tuesday, December 25, 2012 Safar 11, 1434 AH N150 CHRISTMAS Jonathan fails to end fuel scarcity . . . Despite N161bn NASS approval By Richard Ihediwa, Aminu Imam, Muhammad Nasir & Ibrahim Kabiru Sule Kano state Governor, Rabiu Musa Kwankwaso (right) presenting the 2013 budget to the Speaker, Kano state House of Assembly, Hon Gambo Sallau (left) at the Assembly’s complex, yesterday. T he acute fuel scarcity crippling economic activities in most cities in the country has persisted despite the approval of N161.617 billion by the National Assembly for President Goodluck Jonathan to specifically ensure the availability of the product during the yuletide and end of year festivities. As at yesterday, many petrol stations in Abuja and other cities across the country had no fuel while thousands of Nigerians intending to travel for Christmas and end-of-year festivities were seen on long queues at the few petrol stations that had the product. The situation has also left many travellers and commuters in Abuja stranded as most motorists stayed Contd on Page 2 PD INDEX 24th Dec., 2012 CBN RATES $ £ EURO CFA RIYAL BUYING 154.76 249.02 201.11 0.2894 41.24 SELLING 155.76 250.63 202.41 0.3094 41.53 PARALLEL RATES EURO £ RIYAL $ BUYING 207 255 42 157 SELLING 209 256 44 158 Kwankwaso presents N235. 3bn 2013 budget From Edwin Olofu, Kano K ano state governor, Rabi’u Musa Kwankwaso yesterday presented his administration’s 2013 Appropriation bill of N235, 304,929,000 to the State House of Assembly. Tagged “Budget of Economic Consolidation and Fiscal Discipline”, it is made up of capital expenditure of N175, 510, 102, 000, representing 75 percent and a recurrent expenditure of N59, 794, 827, 000, representing 25 percent. Dep Gov: Southern Kaduna youth threaten strike as Yero nominates Bajoga >> PAGE 2 Governor Kwankwaso explained that “the recurrent expenditure proposal consists of N2.2billion for consolidate Revenue Fund Charges (CRF), N35.839 billion for Personnel Costs, and N21.706 billion for Overhead Costs while the Capital New sect claims abduction of Frenchman >> PAGE 3 expenditure programme of N175.427 billion will be funded from an expected surplus over recurrent receipts of N89.071 billion and an expected capital receipt of N67.139 billion”. The governor described it as Contd on Page 2 Al-Mizan Editor, reporter abducted in Kaduna >> PAGE 5

Peoples Daily Newspaper, Tuesday 25, December, 2012

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