FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...
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A TRUCK DRIVER WAS SENTENCED TO 2 YEARS YESTERDAY,FOR FAILING TO MAKE WAY FOR MUGABE'S MOTORCADE IN ZIMBABWE.

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                       According to sources,a Zimbabwe truck driver was sentenced to two years in prison for failing to make way for President Robert Mugabe's motorcade.The truck driver is identified as Joseph Chakantesa was also banned for life from driving trucks by a Harare Court yesterday thursday,which charged him with negligent driving and ignoring Presidential convoy.The incident took place on saturday when the Presidents motorcade of more than 10 cars and motorbikes was heading to President's home in uptown Harare.the 28 year old driver was arrested about 10 kilometres from the scene of the incident after attempting to escape by driving through traffic lights and at times in wrong lanes.Joseph Chakanetsa said that the ERF tipper truck was making a lot of noise,making it difficult for him to hear external noises.He was also given an option to pay $100 fine for failing to stop and a $200 fine for ignoring the officers instruction.One more photo below.                                                             

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