Source:chinadaily.com.
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Thursday, December 23, 2010
Santa Claus descends on zoo
Source:chinadaily.com.
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NITEL: New Generation asks for extension of payment deadline
THE preferred bidder for the Nigerian Telecommunications Limited, New Generation Telecommunications Limited, on Thursday confirmed that it had asked for the extension of the deadline for the payment of the $2.5bn it bid for the acquisition of the company.
Read more:http://www.punchng.com/Articl.aspx?theartic=Art201012243115962
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11 states not contributing to National Housing Fund – Minister
Eleven out of the 36 states of the federation are currently not contributing to the National Housing Fund, which was established to provide a pool of resources for the development.The states are Lagos, Ondo, Ekiti, Kano, Sokoto, Borno, Abia, Edo, Taraba, Yobe and Benue.
Read more:http://www.punchng.com/Articl.aspx?theartic=Art201012243111781
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EU threatens snowbound airports with regulation
BRUSSELS: Europe‘s transport chief has said he is considering forcing airports to provide airlines with a minimum level of infrastructure support during severe weather, such as this week‘s snowstorms.
European Union Transport Commissioner, Mr. Siim Kallas made his comments after more than 3,000 flights were cancelled across Europe on Monday, according to flight authority Eurocontrol.
Read more:http://www.punchng.com/Articl.aspx?theartic=Art201012240382378
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2011 budget: FG slashes overheads by 29%
The Federal Government has slashed the overheads of all its ministries, departments and agencies by 29 per cent for the 2011 fiscal year.
The move is aimed at reducing the high recurrent expenditure pattern in the country’s annual budgets, which is hugely disproportionate to the capital expenditure.
The Minister of Finance, Mr. Olusegun Aganga, who disclosed this on Thursday, during an interactive session with journalists in Abuja, also noted that 31 revenue generating agencies listed in the Fiscal Responsibility Act had submitted their annual budgets to the National Assembly.
He added, “Accordingly, the 2011 budget proposal reflects the following cuts; aggregate expenditure has been reduced by 18.1 per cent from N5.16tn in 2010 to N4.23tn in 2011.
“Despite absorbing the full impact of the increase in salaries by 53 per cent in July 2010, we have reduced non-debt recurrent expenditure by 7.02 per cent to N2.48tn. We have also cut overheads from N536bn to N381bn.”
The agencies include the Central Bank of Nigeria, Nigerian National Petroleum Corporation, Nigerian Ports Authority, Bureau of Public Enterprises, National Agency for Science and Engineering Infrastructure, Nigerian Social Insurance Trust Fund, Corporate Affairs Commission, National Clearing and Forwarding Agency and Nigeria Unity Line.
Others are the Nigerian Airspace Management Agency, Nigeria Shippers’ Council, National Maritime Authority, Raw Materials Research and Development Council, Nigerian Civil Aviation Authority, National Sugar Development Council, Nigeria Postal Service, Federal Airports Authority of Nigeria, Nigerian Mining Corporation and Nigerian Re-Insurance.
Also on the list are; Nigerdock Nigeria Plc, Securities and Exchange Commission, National Insurance Commission, Nigerian Re-Insurance Corporation, Nigerian Telecommunications Limited, National Automotive Council, Nigerian Tourism Development Board and Nigerian Communication Commission.
Others are the National Agency for Food and Drug Administration and Control, Nigerian Customs Service and Federal Inland Revenue Service.
The Senate had sent a letter to the Ministry of Finance, demanding the budgets of the 31 federal agencies before it could pass the 2011 budget of the Federal Government.
The minister also said that the Federal Government had reduced the level of domestic borrowing by 38 per cent to N865bn.
He, however, added that the government had secured a loan of $900m from the Export Import Bank of China.
The loan, which had a repayment period of 20 years, was secured at an interest rate of 2.5 per cent.
Our of the $900m, Aganga said that $500m would be utilised for the construction of the Abuja-Kaduna railway project, while the balance would be expended on the national security project.
One of our correspondents gathered on Thursday that the letter, which was addressed to the Minister of Finance, Mr. Oluegun Aganga, specifically demanded that the budgets and their details must be submitted before work would commence on the 2011 budget estimates by the relevant Senate committees.The letter was signed by the Chairman of the Appropriation Committee, Senator Iyiola Omisore.
Source:punchng.com
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Siasia needs home-based players to succeed–Ex-F’Eagles star
Samson Siasia
Former Flying Eagles defender Julius Kayode has advised Super Eagles coach Samson Siasia to build the national team around domestic league players, saying the ex-Nigeria striker need them to succeed.
Kayode was a member of the Flying Eagles at the 1995 Africa Youth Championship hosted by Nigeria.
He said, ”Siasia must comb every corner of the country to get the best players for the Eagles. The foreign-based players are still very important in the team because they will give the needed confidence to the domestic league players, who in my opinion should form the nucleus of the national teams.
”Luckily, Siasia is a coach who understands the mentality of Nigerian players, having coached at youth level and in the domestic league. So, he won‘t have much difficulty getting the best players from our league.”
The former Azerbaijan-based player, who is the head coach of BFUT Africa, an institute set up to teach players and coaches the Brazilian football philosophy, added that the domestic league had improved tremendously compared with what it used to be in the past.
He said, “The standard of our league is very high now. We have seen some away wins and draws, which is very good for the game. I watched Pillars and Enyimba in Kano recently and I was happy at the tactical and technical discipline exhibited by the players.”
Source:http://www.punchng.com/Articl.aspx?theartic=Art201012241464243
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Benitez’s sacking inevitable – Inter Milan
Inter Milan President Massimo Moratti admitted Rafael Benitez‘s departure as coach had become inevitable.
The Serie A side confirmed on Thursday an agreement had been reached over the termination of the Spaniard‘s contract. Talks had been ongoing between the former Liverpool coach‘s agent and the Inter hierarchy to find a resolution.
Read more:http://www.punchng.com/Articl.aspx?theartic=Art201012241513531
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‘Lawmakers insensitive to sports’
The controversy surrounding the salaries of members of the National Assembly has refused to die down as stakeholders in sports have joined in the call for a review of the federal lawmakers‘ remuneration.
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How Sunshine humbled Wolves
Sunshine Stars are most likely to go into 2011 as leaders of the Nigeria Premier League after a convincing 3-1 win over Warri Wolves in Ijebu Ode on Wednesday.
Read more:http://www.punchng.com/Articl.aspx?theartic=Art201012241492089
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Fashola, Okoya-Thomas bag awards
Lagos State Governor Babatunde Fashola, philanthropist Chief Molade Okoya-Thomas and Chief Pius Akinyelure were on Wednesday honoured with the Sports Excellence Award for their contributions to sports development in the state.The awards ceremony took place at the Teslim Balogun Stadium on the occasion of the unveiling of the Bola Ahmed Tinubu U-14 Football Tournament trophy.The awards were given by the organisers of the BAT tourney, Double Accord Resource in partnership with Zenith Sports.According to the organisers, the trophy will be contested by schools and academies in all the LGAs and LCDAs in the state in recognition of Tinubu‘s contributions to the development of the stateChairman of the occasion, Akinyelure pledged that Lagos State and Tinubu would give their support to the grassroots tourney
Source:http://www.punchng.com/Articl.aspx?theartic=Art201012241523915.
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