Say hello to latest addition to the Sony @rcarecords family. Words really can’t express what this moment means to me, but I’d like to give all the Glory to God for his continuous blessings. It’s been a real journey from recording voice note hooks on my phone, to learning how to record in the studio, to actually making good records. Can’t thank @onenationrecords enough for believing blindly in my ability and for developing me till date. As we move to the next level together, I have no doubt in my mind I’m with the right team. To my family and close friends, I’ll forever be grateful and will continue to make sure you are proud of me. To my new family @rcarecords, thanks for this wonderful opportunity to take what I love doing to the next level. I plan on making history here. And last but not the least my lovely fans, thank you for the LOVE and unwavering support you’ve shown me since I started putting out records online in 2011. Now more than ever, I need your love and support, and I pledge to always give you the very best of me. Love!
Friday, 13 May 2016
"Your Number" Ayo Jay Get Signed with RCA Records
Mark Zuckerberg Commends Jobberman Founders as Internet.org Lunches in Nigeria
Today we’re partnering with Airtel Africa to launch Internet.org Free Basics in Nigeria.
There’s a lot of innovation across Africa right now, and Nigeria in particular is home to a lot of talented developers.
In 2009, Olalekan Elude, Ayodeji Adewunmi and Opeyemi Awoyemi started a site called Jobberman in their dorm to help connect people looking for work with companies looking to hire. Now Jobberman is one of the top 100 websites in Nigeria, and it gets 5,000 applications every day.
Free Basics offers Nigerians, including 90 million people who are currently offline, the opportunity to access news, health information and services like Jobberman that were built by Nigerians and other developers across West Africa — all without having to pay for data.
Free Basics is now live in more than 40 countries, and half of those are in Africa. Over the next few months, we’ll be doing even more to connect developers with people who can use their apps — and partner with local companies to bring internet to people across Africa who don’t have access to mobile networks.
In the meantime, I’m excited to see what Nigerians build next!
Kalu Backs Buhari on Subsidy Removal
Former Governor of Abia State and entrepreneur, Dr. Orji Uzor Kalu has commended President Muhammadu Buhari for removing subsidy on Premium Motor Spirit (PMS), also known as petrol.
He declared yesterday that the subsidy regime was beneficial to only a cabal in the oil sector and greatly disadvantageous to the majority of Nigerians.
“In my congratulatory message to President Buhari, when he was being sworn in, I pleaded with him to jump-start the economy by removing subsidy on petrol as it had been abused over the years by oil barons who capitalised on it to massively enrich themselves to the detriment of the larger society.
“It is gratifying to note that President Buhari has taken the bold step of blocking this outlet that pauperises most Nigerians while making a few others richer and richer and leaving the country’s economy in comatose.
“This is the best thing to happen to the petroleum industry since the advent of this administration.”
In a statement by his media adviser, Mr. Ebere Wabara, Dr. Kalu affirmed he was sure most Nigerians comprehend the philosophy behind the subsidy removal as they had been living with it unofficially over time.
The business mogul said time had come for the country to be realistic on what it wants without pandering to the whims and caprices of a few oil magnates milking the nation dry because of their selfishness.
“I plead with the Nigerian Labour Congress (NLC), the Trade Union Congress (TUC) and other stakeholders to understand the essence of the subsidy removal and support it in the interest of the masses. “Even before the removal of subsidy, a litre of PMS sold far above the official price and Nigerians had no choice than to buy. In fact, in most locations nationwide currently, it has become so critical that the issue is no longer appropriate pricing, but, availability.
“In other words, the latest action of government is essentially the standardisation of what had become an informal price regime that gave rise to pump price disparities across the geopolitical zones,” Dr. Kalu said.
On Wednesday evening, Minister of State for Petroleum Resources, Ibe Kachikwu, after a meeting with Vice President Yemi Osinbajo and organised labour, as well as other stakeholders in the oil sector, announced a new price regime for petrol.
Economy Seen Picking Up As FG Begins Capital Release Today
Senator Udo Udoma, Minister of Budget and National Planning, on Thursday, said that the Federal Government would begin capital releases for the 2016 budget today. Analysts say implementation of the 2016 budget may inject the funds needed to lift Nigerian economyfrom the current level.The minister spoke while giving a breakdown of the 2016 Budget of Change at the Presidential Villa, Abuja.“By tomorrow, some releases would be made. We are ready to start releases as far as the budget is concerned,” said Udoma, adding that his ministry intends to work closely with the Federal Ministry of Finance to ensure cash backing of the capital projects.“The 2016 budget would run concurrently until May next year as government intends to return to the January to December financial year, the minister said in a question and answer session.“We intend to take the budget to where it ought to be, the January to December financial year, which is much better for implementation. So for the next year’s budget we intend to get it to the National Assembly so that it is passed by the year end,” he said.This is even as the budget minister said the 2016 budget would include six strategic areas such as economic diversification, critical infrastructure and reforms in the oil and gas sector.Others, he said, include ease of doing business, policy, environment, national security and governance, and social investment.“The Strategic Implementation Plan forms the basis for the preparation and implementation of the 2016 budget, as it documents the key short-term priorities of the incumbent administration to place the economy on this upward trajectory as it is repositioned for change, inclusive growthand sustainable development,” Udoma said.A breakdown of the 2016 budget projections shows that the fiscal document envisages a net distributable revenue of N5.72 trillion, comprising main federation account revenue of N4.303 trillion and N1.416 trillion from the value-added tax pool account.Of the distributable revenue, net oil receipts amount to N1.48 trillion or 25 percent while net non-oil revenue accounts for the balance of N4.22 trillion or 75 percent.The states and local governments’ share of the distributable pool amount to N3.24 trillion while the Federal Government would receive N2.48 trillion.The Federal Government’s budgeted revenue is projected at N3.855 trillion largely contributed by the internally generated revenue (IGR) of N1.51 trillion, which is 35 percent increase over the N2.855 trillion for the 2015 budget.Federal Government’s revenue is mainly to be derived from the growth in non-oil resources from corporate tax; VAT and dividends from government corporations and independent revenue.A projection of N1.88 trillion was made on corporate taxes in the 2016 budget as against N1.42 trillion in 2015, and VAT collection of N1.48 trillion in 2016 from N1.28 trillion last year.Provisions for expenditure of the N6.06 trillion 2016 budget shows a 35 percent increase over the 2015 budget of N5.067 trillion.Statutory transfer (inclusive of N157 billion-capital component) is put at N352.37 billion, debt servicing including sinking fund of N1.48 trillion, recurrent (non-debt) expenditure is put atN2.65 trillion.Capital expenditure (excluding share of capital in statutory transfers) is put at N1.59 trillion while the capital expenditure (including share of capital expenditure in statutory transfer) is put at N1.7 trillion.Some key allocations in the 2016 budget are Ministry of Power, Works and Housing, N456.93 billion; Transpiration, N202.34 billion; Defence, N443.07 billion; Interiors, N513.65 billion; Education, N403.16 billion and Health, N250.06 billion.Others are Agriculture and Rural Development, 75.80 billion; Solid Minerals, N16.73 billion; Youth and Sports Development, N75.79 billion; Water Resources, N53.30 billion and special intervention programmes of N500 billion.The budget is predicated on an oil production benchmark of 2.2 million barrels per day at $38 per barrel and an exchange rate of N197 to a dollar.Udoma said government plans to actively support the use of public private partnerships in the development of infrastructure and encourages ministers to explore concessioning arrangements for airports, major roads and other infrastructure projects.The government, he said, was working to raise$25 billion for the establishment of an infrastructure fund within three years.Among priority projects listed for implementation by government are dualisation of the Kano-Maiduguri Road (sections I-V) for N13 billion; Lagos-Ibadan Expressway (section1) for N40 billion; N1.1 billion for the generation of 700mw from Zungeru Hydro Power Project; N18.3 billion for the completion of Abuja (Idu) – Kaduna 186.5km single track rail line; N60 billion counterpart funding for Lagos- Kano Standard Gauge rail line and N60 billion counterpart funding for Calabar-Lagos Standard Gauge rail line.
Google Becomes Most Valuable Company as Apple's Shares Hit Two Years Low
Apple shares on Thursday fell to a two year low of $90 amidst concerns over the slowing sale of iPhones.Google’s parent firm, Alphabet, has overtaken Tim Cook’s Apple as world’s most valuable company as a result.Apple’s stock price fell 3.3% to $89.47 in the afternoon, leaving its market valuation at$494bn. However, it recovered slightly later on, closing 2.4% down at $90.34.Sales of iPhone, especially in Asia, has slowed down and there are no major new product releases scheduled. In addition, Apple’s shares had been on the decline since its Q1 result showed slowing demand.Apple is vying with Alphabet for the spot of the most valuable firm in the world.Alphabet claimed the spot in February after reporting its 2015 financial results, but had fallen back below Apple in the following weeks.BBC