"FG can't meet ASUU's N92b demand' - Ngozi Okonjo-Iweala says

Minister of finance, Ngozi Okonjo Iweala said yesterday during the opening of the two-day meeting of Commissioners of Finance and Accountants-General of States, that the federal government can't meet the N92billion being demanded by ASUU.

 Ngozi Okonjo-Iweala said

“At present, ASUU wants the Federal Government to pay N92 billion in extra allowances, when the resources are not there, and when we are working to integrate past increases in pensions. We need to make choices in this country as we are getting to the stage where recurrent expenditures take the bulk of our resources and people get paid but can do no work. Since I assumed office, the share of recurrent expenditure in our total budgets had increased astronomically. In fact, recurrent expenditure accounted for about 77.2 per cent of the federal budget and we are now working to re-balance this ratio.
The country is still suffering from the effect of the 2010 increase in salary. Do we want to get to a stage in this country that all the money we earn is used to pay salaries and allowances? If the demands of the university lecturers are met and we continue to pay them salaries and allowances, we will not be able to provide infrastructure in the universities.”

So what does this mean? Students will continue to stay at home? 

"FG can't meet ASUU's N92b demand' - Ngozi Okonjo-Iweala says

Minister of finance, Ngozi Okonjo Iweala said yesterday during the opening of the two-day meeting of Commissioners of Finance and Accountants-General of States, that the federal government can't meet the N92billion being demanded by ASUU.

 Ngozi Okonjo-Iweala said

“At present, ASUU wants the Federal Government to pay N92 billion in extra allowances, when the resources are not there, and when we are working to integrate past increases in pensions. We need to make choices in this country as we are getting to the stage where recurrent expenditures take the bulk of our resources and people get paid but can do no work. Since I assumed office, the share of recurrent expenditure in our total budgets had increased astronomically. In fact, recurrent expenditure accounted for about 77.2 per cent of the federal budget and we are now working to re-balance this ratio.
The country is still suffering from the effect of the 2010 increase in salary. Do we want to get to a stage in this country that all the money we earn is used to pay salaries and allowances? If the demands of the university lecturers are met and we continue to pay them salaries and allowances, we will not be able to provide infrastructure in the universities.”

So what does this mean? Students will continue to stay at home? 

US billionaire unveils plans for Hyperloop that will shoot passengers from LA to San Francisco in 30mins

Paypal billionaire Elon Musk, inset, has revealed plans for a radical new 'Hyperloop' transport system that could 'shoot' passengers from Los Angeles to San Francisco in 30 minutes.

Travellers enter aluminium pods mounted by skis either to their feet or to their cars, top. The pods, mounted above the ground on columns 50 to 100 yards apart, travel through steel tubes, reaching speeds of up to 800mph and travelling on a cushion of air. These images, left and right, show sketches of the passenger transport capsule and how it would look travelling through the steel tubes. Continue...

Boko Haram kills 44 people praying at a Mosque in Borno state

According to Associated Press, over 44 people praying in a mosque in Borno State were gunned down by suspected members of Boko Haram on Sunday August 11th. The heavily armed terrorists were said to be wearing military camouflage uniforms when they attacked the worshiping Muslims. Over 25 people were left with gun shot wounds.

The terrorists also attacked another group of people at Ngom village, 5 kilometers outside Maiduguri. There they killed another 12. It is not immediately clear why these attacks were carried out.

Kanye West buys 2 '$1 million armored vehicles' to protect his family

According to reports, Kanye West just spent $1.2 million each for two high-performance armored vehicles to protect Kim K and their daughter, North. The Prombron Iron Diamonds by Dartz Motorz (pictured above) is said to prevent kidnapping, hijacking and 'other problems which can meet rich people on the street' 

The super-SUV is even built to withstand attacks from landmines and rocket-propelled grenades. 

'Kanye is fully aware that his new family is so high-profile they attract the attention of weirdos and psychopaths. He aims to leave nothing to chance...His priority is to get delivery of the vehicles, especially Kim's, before he begins his US tour in October,' a source told the Daily Star.

Why is he paranoid? 

Beverly Osu makes Big Brother Africa history

21 year old video vixen and lingerie model Beverly Osu is the only Big Brother Africa contestant never to have been nominated for eviction since the reality series started in 2003. Now, that's a feat! You think she will win?