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Only $2.2 Billion Is Left In Nigeria’s Excess Crude Account – NEC

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Nec meetingThe Governor of Oyo State, Abiola Ajimobi, on Thursday said Nigeria’s Excess Crude Account as at 15th of September stands at $2.257 billion.

 

Briefing State House correspondents after the National Economic Council (NEC), Governor Ajimobi said states of the federation have started benefiting from the Special Intervention Fund approved by President Muhammadu Buhari.

The NEC meeting, which was presided over by the Vice President Prof Yemi Osinbajo, was briefed on the bail out by the Central Bank Governor (CBN), Mr. Godwin Emefiele.

Mr Emefiele said 18 states had been able to draw from the fund, while a number of other states are being processed for the soft loan facility.

The soft loan facility is part of President Buhari’s relief package designed to help states pay backlog of salaries and also ease their financial challenges caused by the drop in federal allocation.

NEC also received an ongoing report from its ad-hoc committee of five governors on the management of ECA and federation account related issues which is still on going.

The refund of expenses to states that executed repairs on federal roads under the past administration also came up.

Reports, however, indicate that some states have not complied with the reimbursement requirements and are yet to receive any payment from the Federal Government.

NEC also approved a plan to roll out an agriculture plan for the states of the federation beginning with 12 states and the FCT and called for a closer interaction between farmers in states and local governments.

Celebrities

Naira Marley signs Vusic to Marlian Records

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Naira Marley, the singer, has signed a new artiste named Vusic to Marlian Records, his music label.

Naira Marley took to his social media pages to unveil his new signee on Monday evening.

The singer shared a video of himself and Vusic vibing together to a perceived new song.

The singer also went down memory lane as he recalled his struggles in the music industry many years ago.

“Remember way back then dem dey laugh my history, now I don clear browser and if I wanna know how I came this far, you go need browse am,” the singer wrote.

“Please guys help me welcome @Vusic to Marlian music. No long talk let’s get to work bro.”

Vusic also took to social media to appreciate Naira Marley for the “great opportunity” to join Marlian Records.

“Thanks to @Nairamarley for this great opportunity. Steady bangers coming up,” he wrote.

“I’m happy to be part of the Marlian family.”

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“You bought car, yet your family is suffering” Portable throws shade at Spyro (Video)

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Nigerian singer, Portable has thrown a subtle shade at upcoming singer, Spyro.

The two had fallen out after Spyro in an interview stated that he doesn’t desire to work with the controversial singer.

Offended by his remarks, Portable via his Instagram page threw shade at him questioning if he takes care of his family.

Portable noted how Spyro bought a car, yet allows his family to suffer. He also claimed that the singer is living a life of Foreign in local.

“You buy car, you dey oppress, have you taken care of your family. You get a car, family dey suffer. You are living the life of Foreign in local. Have you taken care of your family”.

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Yvonne Jegede addresses rumour of secret marriage to Ned Nwoko

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Yvonne Jegede, the actress, has addressed rumours of a secret marriage to Ned Nwoko, the husband of Regina Daniels.

A blogger had claimed that Jegede recently got married to Nwoko and subsequently deleted all her Instagram photos.

Reacting to the post, the actress expressed frustration at the way false information goes viral on the internet.

Jegede described the post as “evil and false,” adding that she won’t waste her energy fighting the blogger.

“When many people tell you they know ‘something’ is happening or believe something has happened, you asked them how they got to know, they tell you they read or heard it from the internet,” she wrote.

“Oftentimes, they heard it from idiots. How could you be this bold about falsehood? How can you lie so confidently?

“How can you intentionally tarnish people’s image and damage relationships all because you want to attract people to your blogs?

“This funny post is evil and false in every intent. I won’t dissipate energy fighting you. Karma is already dealing with your destiny.”

Jegede also questioned how deleting her Instagram photos indicates that she had a secret wedding,

“How does deleting my photos on my page give off anything???” Jegede wrote.

“The effrontery to mention my son sef, I suppose give you one dirty slap.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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