FG Release N400 Billion For Capital Projects

The Federal Government says it has released N400 billion from the 2016 budget to implement capital projects and an additional N60 billion will be released in a few days time.

Addressing newsmen on the state of the economy, Minister of Finance, Mrs Kemi Adeosun, disclosed that “over N400 billion has been released so far from the allocated funds for capital expenditure. We are holding another meeting today (Friday) for N60billion to be released in a couple of days.
We have been pumping money into the economy since May when the budget was signed.”

Speaking on the recession that the country has slid into, the finance minister assured that the country will come out of it. However, to overcome recession, Adeosun insisted that “if we stick to what we are doing: fight corruption, redirect stolen funds to the economy, cut out wastage, duplication and leakages, continue with the payroll clean up of the N165bn Federal Government wage bill monthly, the economy will recover.”

According to her, “Nigerians will soon begin to see the sign posts of recovery”.

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French Athlete Defecates On His Pants During 50Km Walk Race

A French athlete Yohann Diniz was unfortunate to be racing with an illness on a day when temperatures reached up to 27 degrees. The athlete who is the record holder of the race, collapsed during the Rio Olympic 50km walk after suffering from stomach trouble - only to get back to his feet and finished the race in a creditable 11th place, seeing his Olympic dreams end in such humiliating fashion.

Finally, Indonesia Executes 8 Prisoners Including 4 Nigerians For Drugs Offences

Eight convicted drug smugglers have been executed by firing squad in Indonesia.The executions took place in Besi prison on the island of Nusakambangan early on Wednesday morning local time.However, the execution of a ninth convict, a woman from the Philippines, was postponed at thelast minute.Among those killed were Australians Andrew Chan and Myuran Sukumaran. Earlier, the men's families were allowed to see them for the last time.Australia had appealed to Indonesia to delay the executions, citing alleged flaws inhow their case was prosecuted.After the executions, Steven Ciobo, parliamentary secretary to Australian Foreign Minister Julie Bishop, tweeted: "There are few greater displays of abuse of state power and regressive thinking than the death penalty."Those put to death also include Nigerian nationals, a Brazilian and an Indonesian.Filipina woman Mary Jane FiestaVeloso was also due to be executed, but this was delayed after a request by the Philippine president, a sp...

Sunday Oliseh Appoints His New Assistants For His Club

Fortuna Sittard’s manager, Sunday Oliseh, has appointed Alexander Voigt and Gino Facenna as his two assistant coaches, ahead of the 2017/2018 Dutch second division campaign. The super super eagles couch has gone ahead to apoint his assistants ahead of the 2017/2018 Dutch second division campaign, this was part of the terms and conditions he gave to the mangement of the team when he accepted the job as manager for the second division side Fortuna Sittard. Voigt, a former player of Borussia Mönchengladbach, Greuther Fürth FSV Frankfurt, Carl Zeiss Jena, Victoria Cologne and Roda JC, will be Oliseh’s first assistant coach. “When I joined the club in January I told the management I wanted my own assistants and those terms were agreed upon that we would get them from the start of the 2017/18 season,” Oliseh explained to Complete Sports. The team will start pre-season at the Greenpark Kartepe Resort in Turkey from July 10 to 19 Olishe revealed.

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