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December 31, 2021 President Buhari Signs N17.13 Trillion 2022 Budget Into Law

President Buhari Signs N17.13 Trillion 2022 Budget Into Law

The budget is based on an oil benchmark of $62/barrel.

President Muhammadu Buhari has signed the N17.13 trillion 2022 appropriation bill into law.

The national assembly recently passed the bill and transmitted same to the president for assent.

The president has also signed the Finance Bill into law.

Lawmakers increased the budget spending by N735.8 billion from the proposed N16.391tn.

They also raised the oil benchmark from $57 per barrel as proposed by the executive, to $62/barrel.

The national assembly also fixed oil production at 1.88 million barrels per day, exchange rate at N410.15 to the dollar, GDP at 4.2 percent and inflation at 13 percent.

December 31, 2021 Kidnapped Plateau Traditional Ruler Regains Freedom

Kidnapped Plateau Traditional Ruler Regains Freedom

The kidnapped paramount ruler of Gindiri town of Mangu Local Government Area of Plateau State, Charles Mato Dakat, has regained freedom.

The Spokesman of the State Police Command, ASP Ubah Gabriel, confirmed the release of the monarch.

Dakat was kidnapped in the early hours of Sunday.

One of his family members had narrated how gunmen gained access into the traditional ruler’s compound after demolishing part of the fence of the house and destroying the window to his room.

His kidnappers had earlier demanded N500million ransom but it is unclear if they collected any amount before releasing him.

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December 30, 2021 Mikel Arteta To Miss Man City Clash Following Positive Covid Test

Mikel Arteta To Miss Man City Clash Following Positive Covid Test

Mikel Arteta will miss Arsenal’s match against Manchester City on New Year’s Day after testing positive for Covid-19.

The Spaniard, who also contracted the virus in March 2020 prompting the shutdown of football at the start of the pandemic, is now isolating.

Despite the positive test, the Arsenal manager is still planning to speak to the media from his home on Thursday to preview the match against City.

A statement from the club read: “Mikel Arteta will miss our match against Manchester City on New Year’s Day after testing positive for Covid-19.

“Mikel is isolating in line with Government guidelines and we wish him well.”

Arteta will face an isolation period of one week. At present, people who receive negative lateral flow results on day six and day seven of their self-isolation period – with tests taken 24 hours apart – no longer have to stay indoors for a full 10 days.

 

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December 30, 2021 Kidnappers Free Ekiti Chief, 2 Others

Kidnappers Free Ekiti Chief, 2 Others

A traditional chief in Ijan Ekiti, Gbonyin Local Government Area of Ekiti State, Chief Emmanuel Obafemi, and two other kidnapped cocoa merchants have regained their freedom after paying N4 million as ransom.

Information gathered revealed that they were released along Ikere road around 3am on Wednesday and had been reunited with their families.

Obafemi was kidnapped on his farm located along Ado-Ijan road on Thursday while the two cocoa merchants, who are residents of a farmstead called Ilupeju-Ijan, were picked up on Saturday along Ijan-Ise road.

The Police Public Relations Officer in Ekiti, Sunday Abutu, confirmed the release of the victims.

He, however, said they were released following the hard work of the combined forces of police, Amotekun corps and local hunters.

 

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