Translational inhibition due to CHEAP RETIN-A the fact that the path of the excitation occurs Br neuron. recurrent inhibition     Carried intercalary brake cells (Renshaw). Axons of buy nolvadex online canada motor neurons often give collaterals (branches), ending with Renshaw cells. Renshaw cell axons terminate on the body or dendrites of the motor neuron, forming inhibitory synapses. Arousal that occurs in motor neurons travel in a straight path to the skeletal muscle, as well as collaterals to inhibitory neurons, which send impulses to motoneurons and inhibits them. The stronger the motor neuron excitation, the more excited Renshaw cells and the more intense they exert their inhibitory effect, which protects nerve cells from overstimulation. lateral inhibition    
 

[ Masterweb Reports: Jibrin Ibrahim reports ] - The demands for political restructuring is once again on the front burner in Nigeria and it would be wise to address the concerns around it. If we can seriously debate what we want to restructure, agree on the modality for restructuring and go ahead and implement it, the outcome would be happiness for Nigerians. The process of restructuring is simple, we should look at our Constitution, agree on what we do not like and go ahead and replace what we do not like whit what we like.
 
In so doing, we should beware of simplistic solutions. I here some demanding for example for a referendum on the secession of Biafra. Leaving aside the absence of constitutional procedures for organising a referendum, which can be inserted if that is what we want, the real problem is doing the heavy lifting of defining what we are talking about. What for example is the composition of the proposed territory? I have seen many maps and each new map is bigger than the previous one as more territory is added. What about the idea of consulting with different groups and getting an agreement of what groups would like to be members of this new community? Rather than sending in security operatives to attack and kill agitators for Biafra, would it not be more useful to discuss with them on what they want, where and how and address modalities for getting there.
 
In 1998, a number of us tried to organise a national conference in the University of Ibadan in collaboration with the French Institute on the imperative of restructuring Nigeria. The security agencies declared that discussing restructuring is a plot to breakup Nigeria and they would not allow the French, who have tried so hard to break up the country in the past, (remember their support for Biafra), to try it again. The conference was cancelled by the Abacha junta but none of the issues have gone away. The papers for the conference were however published, and were edited by Kunle Amuwo, Adigun Agbaje, Rotimi Suberu and Georges Herault. The book published in 1998 is entitled: "Federalism and Political Restructuring in Nigeria".
 
The book far from being subversive has a positive message. Its analytical foundation is to remind Nigerians that since K. C. Wheare’s classic work on federalism, there has been a consensus of opinion that the precondition for federalism is democracy and our history of federalism has been dictated by military fiat rather than by the people through democratic processes. The demands for restructuring is therefore the voice of Nigerians saying they are not happy with what we have, so why should we not listen and allow Nigerians discuss and agree on what they what. If they cannot agree, other options of alternative political futures could then be posed.
 
The First element of the discussion should start with a debate on the First Schedule of the Constitution, which defines the structure and composition of the Federation. The States of the Federation and the Local Government Areas that define them, as well as the Federal Capital Territory are spelt out. The choices are very clear – reduce the number of States in the country by combining or merging them or increase the number by subdividing them as we had been doing since 1963 or 1967 depending on where we define the baseline. Secondly, we may want to dismiss the principle of how the States were constituted in the first place, which was done on the basis of the provinces created by the colonial administration. If we want to change the provincial territorial structure, a new principle has to replace the territorial one - possible choices would include ethnicity, nationality and religion; the passions for which has led to a penchant for killing one another in our recent history. On Local Governments, we have to decide whether it should remain a federal definition or be addressed by federating units of the Federation. This of course poses the issue of whether the federating units should have their own constitutions, as was the case during the First Republic.
 
We should not forget that the assumption during the negotiations leading to Nigeria’s independence was that the adoption of a federal arrangement would provide a flexible arrangement that would satisfy the different components of the society. The central object of federalism, it should be recalled, is the extension and expansion of political space, autonomy and institutions to the benefit of geo-political units in a context in which the political community accepts that ethnic, religious and cultural differences exist and that their management would benefit from differential levels of governance with substantial autonomy to each level.
 
The point of departure of the theory and practice of federalism therefore is that such differences are legitimate and should be accepted and incorporated into the structure of governance. The political systems of federal states are therefore constructed in such a way as to accommodate such differences. Institutions for managing the differences, for seeking compromises and for negotiating conditions for living together are therefore central to federal politics and when they no longer work they should be renegotiated.
 
From the First, we then have to move to the Second Schedule of the Constitution. We have a very long Exclusive Legislative List of 68 items on which only the Federal Government has the competence to legislate on. We need to review these items. Why can’t states fix Federal Truck Roads, arbitrate industrial disputes, join or dissolve statutory marriage or build prisons or have police forces, as is the case in most federal regimes? Let us review the List and refine it to our heart’s satisfaction. Reviewing the list, I notice that Article 52 of the Second Schedule gives the Federal Government has exclusive powers to conduct: "public relations of the Federation." The implication of this is that only one spouse in the union can talk positively of the marriage. Someone should explain to me why only one spouse in the marriage could talk of the union.
 
While the Federal Government has exclusive competence in 68 legislative areas, there is no exclusive list that defines areas in which the State Governments alone have exclusive powers, as is often the case in federations. What we have is a Concurrent List in which the federal and state governments can both act on. The list includes industrial, commercial and agricultural development, health and education. In many federal systems, these areas are for exclusive action by the federating units alone. Yes, lets discuss them and decide what we want.
 
In yesterday’s Leadership newspaper, there is a report that the House of Representatives has started looking closely at the Constitution with the purpose of reviewing them, restructuring and devolving more powers to the federating units. The strategy, which I support, is to decongest the exclusive legislative list through: ‘A Bill For An Act to alter the provisions of the Constitution of the Federal Republic of Nigeria, 1999 to move certain items to the Concurrent Legislative List to give more legislative powers to States; and for related matters’.
 
In the Fourth Republic, we have already had three national/constitution conferences that have addressed many of these issues. Unfortunately, all of them lacked legitimacy because of the hidden agenda that underlined their establishments. Let us for a start compile their recommendations and use that to initiate a formal debate on restructuring and the modalities for doing so. The way forward is the creation of opportunities to talk seriously, to engage in dialogue and to have the results of the dialogue reflected in concrete plans for the restructuring of our polity.
 
I believe that the greatest concern to Nigerians is the search for an alternative approach to politics. An approach that would involve the rehabilitation of the concept of politics and of democracy, as we know it. For too long, the reality of Nigerian politics has been thuggery, violence, political exclusion, ethnic jingoism, religious bigotry, electoral fraud and so on. Very few people benefit from this form of politics. Nigerians are seeking for a more noble conception of politics. Bernard Crick reminds us, that there is an alternative conception of politics as a great and civilising activity. That politics could be practised as: "The activity by which different interests within a given unit of rule are conciliated by giving them a share in power in proportion to their importance to the welfare and survival of the whole community." Yes, let’s restructure and be happy.
 
*Photo Caption - As seen.

[ Masterweb Reports: Isiaka Wakili reports ] - The Presidency has explained rationale behind parking a presidential aircraft in London as President Muhammadu Buhari continues his medical treatment in the United Kingdom.
 
The Presidency dismissed criticisms that the presidential aircraft in London consumes £4,000 everyday for parking lot and its idleness.
 
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said in a statement yesterday that the presidential aircraft was at the service of President Buhari, who has been in the UK for medical treatment since May 7.
 
He said the Presidency was constrained to decry criticisms on retention in London of the aircraft, NAF 001, as mostly informed by lack of understanding of protocol around foreign trips by heads of state all over the world.
 
He said: "It is important to state that for reasons of protocol, national security, diplomacy and prestige, there is no world leader who travels abroad and is left without plans for immediate return or possible evacuation.
 
"From operational point of view, this country’s Armed Forces as represented by the Nigeria Air Force are not to abandon their Commander-In-Chief in whichever circumstance he is. This is a standard operating procedure."
 
Shehu described claims about outrageous fees allegedly paid by Nigeria as totally untrue, explaining that aircraft conveying heads of state all over the world usually enjoy waivers even where payments for parking are differentiated by aircraft categories.
 
According to the presidential spokesman, even where the waiver was not granted, "payment will not exceed £1,000 which is a quarter of the amount being peddled."
 
He noted that Buhari was not the first to have a presidential aircraft standing by for him as he would "certainly" not be the last.
 
"All past Heads of this country have had this privilege, and the part that surprises the most is that leaders, who in the past travelled with three Nigerian aircraft, did not suffer this trenchant criticism."
 
Shehu appealed to Nigerians to ignore opposition campaign aimed at derailing Buhari’s administration’s "big plans" for the country.
 
*Photo Caption - Nigeria presidential jet

[ Masterweb Reports: Isiaka Wakili reports ] - The National Economic Council on Thursday agreed that states capable of building prisons should do so, in collaboration with the private sector.
 
Ebonyi State Governor David Umahi said the agreement was reached based on the pathetic situation of prisons painted by Interior Minister, Abdulrahman Dambazzau.
 
Umahi said it was agreed that governors should develop initiatives to manage the prisons and support the Federal Government on prisons matters.
 
He said governors were also asked to either sign death sentences of "those condemned or commit them because it is risky leaving them after their trial had been concluded."
 
The governor said the NEC resolved that there should be emergency situations on prisons.
 
"States that have the capacity to build prisons should go ahead and do so, including the involvement of private sector participation," he said.
 
Umahi, who quoted Dambazzau as saying that 70 percent of inmates were awaiting trial, stated: "Some of them can be converted to labour use. 10% of them are condemned; meaning 20% are true prisoners. Some of the prisoners should be engaged in agricultural programme.
 
"Governors should do a number of things to decongest prisons. Chief Judges of states should frequently visit prisons."
 
*Photo Caption - As seen.

[ Masterweb Reports: Maureen Onochie reports ] - Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC) Abdullahi Gana Muhammadu has urged Muslims to use the occasion of the Eid-el-Fitr celebration to pray for unity and peace in the country.
 
In a statement made available to newsmen in Abuja yesterday, Muhammadu said
has issued signal to all State Commands of the Corps to beef up security and
ensure massive deployment of personnel to strategic locations to prevent
crime.
 

He also urged Nigerians to remain vigilant and report any suspicious movement

to security agencies.
 

He said the operation will cover recreation centres, public places, critical

infrastructure and public utilities.
 
*Photo Caption - As seen.

[ Masterweb Reports: Dr. David Leffler reports ] -  Russia, Ukraine and the United States are all suffering the effects of too high levels of collective stress. US President Donald Trump recently met with Ukrainian President Petro Poroshenko in hopes of reducing tensions between Russia and Ukraine and said "a lot of progress has been made" between them, and that the two had "very, very good discussions" (Reuters: “Trump says he wants peace in Ukraine but no mention of peace accord” http://www.reuters.com/article/us-ukraine-crisis-usa-idUSKBN19B22M ). However, during these dangerous times of high tensions, lasting peace could be rapidly and more easily obtained if the leaders of all these countries were to implement a new approach. Conflict and terrorism could quickly end if their troops were trained to form what is known in Latin American military circles as a Prevention Wings of the Military. Each country’s military unit would be comprised of Invincible Defense Technology (IDT) experts. The purpose of each country’s IDT group would be to practice the non-religious Transcendental Meditation (TM) and the advanced TM-Sidhi program in groups twice a day.
 
Extensive peer-reviewed research and military field-tests worldwide show that proper application of these programs bring about measurable decreases in crime, terrorism and war, and improvements in quality of life, which are thought to be tangible signs of the reduction of societal stress. These changes are measurable from such statistics as reduced terrorism and conflict, crime rates, accidents, hospital admissions and infant mortality.
 
In highly stressed areas of the globe, establishment of large groups of IDT experts have also increased economic incentives and growth of prosperity. Entrepreneurship and creativity increase as well. Also, on a global scale when large groups of civilian experts gathered from 1983 to 1985, terrorism-related casualties decreased 72 per cent and international conflict decreased 32 per cent. Moreover, such positive changes in social trends take place within a few days or weeks after IDT is introduced.
 
The IDT approach has been used during wartime, resulting in reduction of fighting, reduced war deaths and casualties, and improved progress toward resolving the conflict through peaceful means. IDT is totally unlike any other defense technology in that it does not use violence in an attempt to quell violence.
 
It is the high collective stress levels in each country that ultimately fuel the never ending terrorism and war. If dangerous levels of collective stress and frustration are reduced by applying IDT, then governmental leaders and citizens will be more capable of finding constructive and orderly solutions to the irresolute issues that have kept them at odds for generations.
 
With greater civic calm, citizens’ aspirations will rise and a more productive and balanced society will emerge. Then violence as a means for change and/or as an expression of discontent will naturally subside.
 
The powerful IDT human-resource-based defense technology disallows negative trends and prevents enemies from arising.
 
No enemies means no war or terrorism and full security, as well as a happy, productive and normal life for everyone.
 
For these reasons, the IDT approach is advocated by the Global Union of Scientists for Peace (GUSP). This non-profit organization hosted an international conference on 14-15 June 2017 in Kiev, Ukraine (see: https://www.gusp.org/global-peace-summit/ ). Renowned Ukrainian leaders Lt. General (Ret.) Vasyl Krutov, former chief of the Ukraine Anti-Terrorism Center as well as Academician Dr. Sergiy Maksymenko, a distinguished Ukrainian research scientist are among the impressive list of participants who spoke at or voiced their support for the conference. Others included: President Joachim Chissano of Mozambique, who applied innovative IDT programs to end that nation’s civil war; retired Ecuadorian Lt. General José Villamil, who also applied IDT to end war between Ecuador and Peru; Dr. Rajendra Pachauri, former chair of the Intergovernmental Panel on Climate Change (IPCC), winner of the 2007 Nobel Peace Prize; and Mr. Mohd Khalid Naseemi, the founder and Director-General of the Afghanistan Environmental Society.
 
IDT is a way for the military of all countries to prevent conflict and terrorism by deploying a proven, simple human resource-based technology, with minimal training and costs needed to implement it. For most countries it would cost about as much as one modern fighter jet.
 
Recent events show that IDT is desperately needed. There is truly no other solution. Leaders in every country would be wise to read the proceedings of the GUSP conference and learn how to best rapidly establish perpetual peace, for everyone.
 
About the author:
 
Dr. David Leffler has a Ph.D. in Consciousness-Based Military Defense and served as an Associate of the Proteus Management Group at the Center for Strategic Leadership, US Army War College. Currently, he serves as the Executive Director at the Center for Advanced Military Science ( http://www.strongmilitary.org/ ) and lectures and writes worldwide about IDT.
 
*Photo Caption - Dr. David Leffler (insert)
 
 
 

[ Masterweb Reports: Isiaka Wakili reports ] - Acting President Yemi Osinbajo yesterday encapsulated the deals he struck with eastern and northern leaders over the agitations for Biafra and the October 1 quit notice some Arewa youths gave the Igbo resident in the north.
 
The acting president had, between June 13 and 21, met with leaders of thought and traditional rulers from both regions as well as the Nigerian Governors Forum over the issue.
 
Osinbajo, in a statement yesterday by his spokesman, Laolu Akande, said the present administration was not deaf to grievances in parts of the country, assuring that the government would address them.
 
The acting president, however, urged that such grievances should be expressed with grace.
 
Akande noted that the meetings were convened to provide a platform for frank and open discussions between the concerned stakeholders and by extension the Nigerian public on issues relating to the unity, peace and security of country.
 
He listed the common ground established by the meetings as including condemning all the hateful and divisive rhetorics by the concerned groups of northern and southeastern youths.
 
He said the meetings affirmed the primacy of the Constitution of the Federal Republic of Nigeria as the ultimate basis for the nation's unity guaranteeing freedom of residence and movement for all Nigerians anywhere in the country without fear of discrimination or prejudice.
 
He said the meetings also affirmed the need to draw a line between the freedom of expression guaranteed by the constitution and the degeneration of such expression into hateful rhetoric, prejudice and hatred, sayingd under no circumstances would the Federal Government condone or tolerate hate speech in any way or form.
 
He said the meetings affirmed the necessity of confronting all grievances and frustrations head-on, "however uncomfortable that might seem now; instead of ignoring issues and allowing them to fester."
 
Akande added that the meetings affirmed the need for all leaders and elders, regardless of political or ideological persuasion, to speak out more forcefully to counter divisive and hate speech and any form of war-mongering.
 
He said the acting president thanked all the leaders for their time and commitment to the unity, peace and progress of the nation.
 
Akande also quoted Osinbajo as assuring Nigerians of President Muhammadu Buhari's administration's determination and resolve to ensure their well-being and security at all times.
 
He said the Federal Government would continue to actively engage with Nigerians 'of all shades and opinions in its bid to move the country forward on a path of socio-economic development and ultimate greatness."
 
*Photo Caption - Nigeria Acting President Yemi Osinbajo



 

[ Masterweb Reports: Isiaka Wakili reports ] - Acting President Yemi Osinbajo has expressed optimism President Muhammadu Buhari will serve out his tenure in good health.
 
The president is away in London attending to his health for the last seven weeks now but Osinbajo said prayers are being offered everyday for him to recover and return to work.
 
He spoke at his official residence in Abuja when he received a delegation of the Federal Capital Territory Muslim community who paid him Sallah homage.
 
He said: "We are praying everyday, and we know that the Lord, God Almighty, who we serve, will bring our president back in good health.
 
‘... And that he will serve this nation with the same determination and the same spirit of oneness; the same spirit that he has always served this nation from when he was a young man.
 
"He will serve this nation and complete the period of his service in good health, in good shape and our country will be the better for it."
 
‘Nigeria’s unity not negotiable’
 
Osinbajo again declared that the unity of the country is not negotiable, in reference to the clamour by the Igbos for a state of Biafra and the reaction to that by northern youth asking them to quit the North and return to the East.
 
"Our unity is not negotiable," the acting president said adding: "We should make sure that we remain united in order to enjoy the resources God has blessed Nigeria with. So many nations envy what we have as a nation."
 
According to him, apart from bringing love and integrity as well as guaranteeing enjoyment of national endowments, unity will also earn Nigeria respect in the global community.
 
The acting president reassured that the present administration would do everything possible to sustain the nation’s unity.
 
"Your ethnicity doesn’t matter, and that is why for us, unity is so important that we must work together to make sure that our country is able to take care of the millions of people we govern.
 
"God expects us to take care of the poor and those suffering to ensure that we use government resources only in such a way that it will be for the good of the majority of our people."
 
Earlier, the FCT Minister, Muhammad Musa Bello, who led the delegation, commended the security agencies as well as religious and traditional rulers for their role in sustaining the peace in the FCT.
 
The acting Chief Imam of the National Mosque, Mohammad Kabir Adamu and the chairman of the Christian Association of Nigeria, FCT Chapter, Reverend Samson Jonah, prayed for Buhari’s quick recovery.
 
The clergymen, in their goodwill messages, also commended Osinbajo for piloting the affairs of the countty well in Buhari’s absence.
 
The event was attended by the Chief Justice of Nigeria Justice Walter Onnoghen, some members of the Federal Executive Council, the acting chairman of the Economic and Financial Crimes Commission Mr Ibrahim Magu and the Director-General of the Department of State Security, Malam Lawal Daura.
 
*Photo Caption - President Muhammadu Buhari

 

[ Masterweb Reports: Isiaka Wakili reports ] - Acting President Yemi Osinbajo and the Emir of Kano, Muhammad Sanusi, yesterday met at the Aso Rock Presidential Villa in Abuja.
 
The closed-door meeting, held inside Osinbajo’s office, lasted over two hours.
 
The emir arrived the Presidential Villa at 2:40pm and left at 4:45pm.
 
Sanusi declined comment, when approached by State House correspondents after the meeting.
 
Osinbajo is scheduled to meet traditional rulers from the North next week in furtherance of his consultative engagements with leaders from the North and the Southeast, over the agitation for Biafra and last week’s reaction by northern youths asking ethnic Igbo to vacate the region by October 1.
 
*Photo Caption - Nigeria Acting President Yemi Osinbajo

 

[ Masterweb Reports: Isiaka Wakili reports ] - The Federal Government has reassured Nigerians there is no cause for panic over the October 1 vacation ultimatum given by northern youths to Igbo resident in the region.
 
Information Minister Lai Mohammed gave the assurance Wednesday while briefing State House reporters after the Federal Executive Council meeting.
 
The minister said the issue was completely under control as security agencies were on top of it.
 
He said: "We want to make comments on what is agitating the minds of Nigerians, that is the call for people from certain parts of the country to relocate to their region, generally very disquieting voices.
 
"We just want to assure Nigerians that the federal government is on top of the matter and that yesterday the Acting President addressed leaders from the northern part of the country.
 
"At 4 pm today (Wednesday) he is going to address leaders from the South Eastern part of the country. On Friday he is going to address south eastern traditional rulers and leaders of thoughts. On the 22nd of June there is going to be a meeting of all the groups that is, traditional rulers, religious leaders and leaders of thoughts from both the South East and North part of Nigeria.
 
"The idea is not just to assure Nigerians that we are doing something about it but also to give comfort to all Nigerians that this matter is completely under control. To assure Nigerians that any Nigerian anywhere is save, the security authorities are completely on top of the matter and that they will deal decisively with any group of people whose conduct that is believed is going to create instability in the country.
 
"So, there is no need for anybody to panic, there is no need for anybody to move from any part of the country. The security agencies are on top of the matter and there is no reason for anybody to panic."
 
*Photo Caption - As seen. 

[ Masterweb Reports: Isiaka Wakili reports ] - Acting President Yemi Osinbajo yesterday signed the 2017 appropriation bill into law. Osinbajo signed the fiscal document shortly after the Presidency released a statement quoting President Muhammadu Buhari from London as giving him the backing to do so.
 
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, stated: "Following the receipt of a full brief on the 2017 Appropriation Bill as passed by the National Assembly, and to buttress the unity at the highest level of government, President Muhammadu Buhari has indicated that it is in the interest of the nation's economy for the Acting President, Professor Yemi Osinbajo, to sign the Appropriation Bill into law.
 
"In a letter dated June 10, 2017, which he personally signed and addressed to the Minister of Budget and National Planning, Senator Udoma Udo Udoma, the President also said he was "pleased by the joint resolution that the Executive would submit next year's budget proposals by October 2017 and the National Assembly will conclude the Appropriation process by December 2017, so that the country can return to a normal fiscal period from next year onwards."
 
Osinbajo signed the document at 4:45pm inside the conference room of the Office of the Vice President at the Aso Rock Presidential Villa in Abuja.
 
The signing was witnessed by Senate President Bukola Saraki, House of Representatives Speaker Yakubu Dogara, Deputy Senate President Ike Ekweremadu, Senate Leader Ahmed Lawan, House Leader Femi Gbajabiamila, Chief of Staff to the President Abba Kyari, Finance Minister Kemi Adeosun, Budget and Planning Minister Udoma Udoma, Information Minister Lai Mohammed, among others.
 
The acting president thanked the leadership and members of the National Assembly for completing work on the 2017 Appropriation Bill.
 
He said while the process of preparing and processing the bill was much smoother than the 2016 Appropriations Bill, there were no allegations of errors, or mistakes on the part of the executive as there was a significant improvement in the quality of the preparation as well as the presentation.
 
He said during the budget defence sessions, there were far fewer reported cases of acrimony, or hostile wrangling between the MDAs and the National Assembly committees this year than in the past.
 
"From the reports we received, the sessions were generally conducted in a friendly atmosphere. There is no doubt that our democracy is maturing," Osinbajo said.
 
He said the final presentation and the signing of the budget had been considerably delayed largely due to disagreements "we had about the changes introduced to our 2017 Budget proposals by the National Assembly."
 
He said the executive took the view that the changes fundamentally affected some of its priority programmes and would make implementation extremely difficult and in some cases impossible.
 
He stated: "I must say that the entire leadership of the National Assembly led by the Senate President and the Speaker, adopted a commendably patriotic and statesmanlike approach to our engagements on resolving these critical issues.
 
"In sum, the engagements yielded acceptable results . The most important being that the leadership of the National Assembly has given us a commitment that the National Assembly will re-instate the budgetary allocations for all the important executive projects, such as the railway standard gauge projects, the Mambilla Power Project, the Second Niger Bridge, the Lagos - Ibadan Expressway etc. which they had reduced to fund some of the new projects they introduced.
 
"This re-instatement will be by way of an application for virement by the Executive which they have agreed will be expeditiously considered and approved by the National Assembly. It is as a result of that understanding and the outcome of our detailed engagements that we feel able to sign the 2017 Appropriations Bill into law today."
 
He said the executive and the leadership of the National Assembly had jointly resolved to return to a predictable January to December fiscal year.
 
"It is a particularly important development because this accords with the financial year of most private sector companies, underscoring the crucial relationship between government and the private sector."
 
Osinbajo said on the understanding that the executive would be submitting the 2018 budget to the National Assembly by October 2017, the leadership of the National Assembly had committed to working towards the passage of the 2018 budget into law before the end of 2017.
 
The acting president sais the signing of the budget would trigger activities in the domestic economy which would ead to job creation and more opportunities for employment, especially for the youth.
 
He said the executive would be returning to the National Assembly to seek upward adjustments by way of virements in relation to a number of critical projects "which had received inadequate provision in the budget just passed by the National Assembly."
 
Osinbajo said: "The 2017 Budget, which I have signed into law today, is christened "Budget of Economic Recovery and Growth" and reflects our commitment to ensure strong linkage between the medium-term Economic Recovery and Growth Plan (ERGP) recently launched by His Excellency, President Muhammadu Buhari and the annual budgets.
 
"It is designed to bring the Nigerian economy out of recession unto a path of sustainable and inclusive growth. The budget has a revenue projection of N5.08 trillion and an aggregate expenditure of N7.44 trillion. The projected fiscal deficit of N2.36 trillion is to be financed largely by borrowing.
 
"Let me assure those who have expressed concern about the growing public debt that we are taking several actions to grow government revenues as well as plug revenue leakages. This is because, notwithstanding the fact that our borrowings are still within sustainability limits, we are determined, in the medium term, to reduce our reliance on borrowings to finance our expenditures.
 
"Details of the budget, as approved by the National Assembly, will be made available by the Honourable Minister of Budget and National Planning.
 
"As you are all aware, our economy is already signaling a gradual recovery as growth is headed towards positive territory. First quarter GDP, at -0.52% compares favourably with -2.06% in the first quarter of 2016.
 
Inflation is declining - down to 17.24% from 18.74% as at May 2016. Our external reserves are now US$30.28 billion as at June 8, 2017 up from US$26.59 billion as at May 31, 2016.
 
"We are also gradually instilling confidence in our exchange rate regime. This improvement in GDP growth and other macro-economic indicators is largely attributable to our strategic implementation of the 2016 Budget as well as stronger macroeconomic management and policy coordination.
 
"I am confident that the 2017 Budget will deliver positive economic growth and prosperity – one that is self-sustaining and inclusive. In this regard, the 2017 budget will be implemented in line with our Economic Recovery and Growth Plan.
 
"Over the 2017-2020 plan period, we are focusing on five (5) key execution priorities, namely:
 
*Stabilizing the macroeconomic environment;
*Agriculture and Food security;
*Energy sufficiency in power and petroleum products;
*Improved transportation infrastructure; and
*Industrialization through support for micro, small and medium-scale enterprises (MSMEs).
 
"The 2017 budget includes provisions that reflect these priorities. To demonstrate our commitment to following through our Economic Recovery and Growth Plan, the 2017 budget allocates over N2 trillion to capital expenditure, principally infrastructure.
 
"For instance, we are committing over N200 billion to improve transport infrastructure such as roads and rail; over N500 billion for investments in works, power, and housing; and N46 billion for Special Economic Zone Projects to be set up in each geopolitical zone.
 
He said the 2017 budget provides a lot of opportunities for partnerships with the private sector because the government alone cannot achieve the overarching goal of delivering inclusive growth.
 
"To help the private sector thrive, we are determined to create an enabling business environment. We are already recording verifiable progress across several areas ranging from a new Visa-on-Arrival scheme to reforms at our ports and regulatory agencies.
 
"The Online business registration process has reduced time required for business registration from 10 to 2 days. It is expected that the Executive Order on transparency and efficiency in the business environment will make it even easier for investors to get the permits and licenses they require for their businesses.
 
"Pursuant to our commitments to the Open Government Partnership, we recently issued an Executive Order that will promote budget transparency, accountability and efficiency. We want to make the Federal budget work more efficiently for the people.
"Thus, beyond the huge provisions for investments in critical infrastructure, we have mandated Government agencies to spend more of their budgets on locally produced goods. This will open more opportunities for job creation with benefits for government in form of tax revenues.
 
"We are also working hard to improve our revenue collection efficiency so that we can achieve our revenue projections. While we are deploying technological tools to enhance collections, the implementation of the Treasury Single Account (TSA) will continue to contribute significantly to improving transparency and accountability over government revenues.
 
"Our fight against corruption is yielding positive results. Some of the recoveries are included in the 2017 Budget which will be expended on identifiable capital projects. Already, we are beginning to see some improvement in the quality of public expenditure. This is great motivation for us to remain resolute in our fight against corruption so that economic prosperity is enjoyed by all Nigerians."
 
Osinbajo assured that the implementation of our 2017 budget would bring added impetus to the ongoing economic recovery, saying the government would intensify its economic diversification efforts to expand opportunities for wealth creation and employment, thereby creating inclusive and sustainable growth.
 
"Our path to progress and abundance is clear. The tools are in place and the resilient, resourceful and hardworking Nigerian people are set to go. I have no doubt that by the grace of God, the bleakness of recession is about to witness the uplifting dawn of abundance," he said.
 
*Photo Caption - Nigeria Acting President Yemi Osinbajo