Nigeria spent ₦1.05 trillion on imported cars last year — Automotive

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Nigeria spent about N1.05 trillion last year on importation of vehicles and spare parts, while its local car assembly plants suffered monumental loss in patronage, according to the Director General of the National Automotive Council (NAC), Alhaji Aminu Jalal.

Meanwhile, the Peugeot Automobile of Nigeria (PAN), which produced 90,000 cars in 1985, and had about 4,000 permanent employees, now produces about 3,000 vehicles annually with 250 staff, its Managing Director, Alh. Ibrahim Boyi, said.

Nigerian Travellers Still Groan Despite ₦1.414 Trillion Spent On Road

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igeria has about 35, 000km of federal roads in its network. However despite N1.414 trillion expended on their maintenance since 1999, the roads remain death traps.  From Shagamu-Ore to Benin, Onitsha to Owerri, Gombe to Potiskum, Abuja to Lokoja, Ibadan to Ilorin among others, travellers suffer untold hardships as greater portions of the road network are in deplorable condition. These roads are ridden with potholes and gullies. Watch the video below and share your thoughts by dropping a comment on how Nigeria can improve the state of its roads and other infrastructure.

What Happens When US Is After You: $2 trillion spent and 190,000 lives lost to kill one dictator

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On the eve of the 10th anniversary of the U.S.-led invasion of Iraq on March 19, 2003, the Costs of War Project of the Watson Institute for International Studies at Brown University released a report on the casualties and expenditures of the Iraq war.

The preamble of the report states, "The United States invaded Iraq on March 19, 2003 on the false pretext that Saddam Hussein possessed weapons of mass destruction. The mass destruction of the invasion, occupation, and civil war followed, and amplified the societal and health disintegration caused by the previous decade of sanctions. Iraqi lives and communities remain war-devastated ten years on. American military and contractor families struggle with the loss of loved ones as well as the emotional and economic burdens of living with long-term injuries and illnesses. Total US federal spending associated with the Iraq war has been $1.7 trillion through FY2013. In addition, future health and disability payments for veterans will total $590 billion and interest accrued to pay for the war will add up to $3.9 trillion."

We Have Spent N70 Billion In 6 Months – SURE-P Boss Reports To President Joathan

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Dr Christopher Kolade, the chairman of the Subsidy Re-investment and Empowerment Programme (SURE-P), has revealed that about N70 billion was expended by the programme on projects in the last six months of 2012. Dr. Kolade made this known when speaking to State House correspondents after presenting the SURE-P 2012 annual report to President Goodluck Jonathan. He noted that the committee could not do more because its funds were not released on time.

N60 billion to be spent on cellphones for farmers not true - Minister of Agriculture

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Press statement from the Minister of Agriculture, Dr Akinwumi Adesina

My attention has been drawn to the issue of 60 Billion Naira to be spent on phones for farmers, reported in some media sites and papers. The information is absolutely incorrect. My Permanent Secretary was totally misquoted out of context. There is no 60 Billion Naira for phones anywhere. As a responsible Minister, who takes public accountability and probity very seriously, there is absolutely no way in the world that I will even contemplate or approve such an expenditure. All our focus as Government is on creating jobs in Nigeria, not exporting jobs elsewhere.