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2023: Governor Lalong Presents N139.3 Billion Naira Budget Estimates

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Plateau State 2023 budget

The  Plateau State Governor Dr. Simon Bako Lalong has presented a proposed N139.3 billion budget for the 2023 financial year to the Plateau State House of Assembly today 11th of November 2022.

Laying the Appropriation Bill before the Plateau State House of Assembly, the Governor said the budget consists of Seventy-Seven Billion, Six Hundred and Fifty Million, Six Hundred and Forty-Two Thousand, Thirty Naira, Eight-Five Kobo (N77,650,642,030.85) only as recurrent expenditure representing 55.72% of the total budget, and Sixty-One Billion, Seven Hundred and Six Million, Five Hundred and Two Thousand, Nine Hundred and Forty-Nine Naira, Fifty-Three Kobo (N61,706,502,949.53) as the capital component which represents 44.27% of the total budget.

He said the budget shows an increase of Thirty-Two Billion, Six Hundred and Forty-Nine Million, Eight Hundred and Seventy-Seven Thousand, Three Hundred and Thirty-Eight Naira, Twenty-Six Kobo (N32,649,877,338.26) from 2022 approved budget.

The Governor said the 2023 budget estimate tagged “Budget of Infrastructural Consolidation and Transition” will focus on completing major projects of the Rescue Administration and ensuring that government machinery continues to operate in the most efficient and productive manner.

He said “Mr. Speaker, Honourable Members, you will recall that having completed many inherited and abandoned projects from previous administrations, this Government initiated many projects many of which have been completed. Among them are the Legacy Projects comprising of world standard schools and hospitals spread across the 17 Local Government Areas of the State. Although the Legacy Project suffered a setback as a result of the failure of the previous contractor to deliver the project within agreed timelines, I am happy to say that the project having been terminated has been re-awarded to a new contractor and advance payment made. The Contractor is to complete the project for commissioning before the end of this administration”.

Other projects which are being completed and will soon be commissioned according to the Governor include the Plateau High Court of Justice Complex which is more than 95 percent completed and currently being furnished. Also, the British American Junction Flyover and Dualisation to Lamingo Road Junction will be completed and commissioned before the lifespan of this administration.

The General Hospital Mabudi, Langtang South Local Government and General Hospital Kwall, Kanke Local Government are equally being furnished and will soon be commissioned. Similarly, the completed Shendam internal roads and bridges as well as the Angwan Dadi – Kalong Bridge (the longest bridge in Plateau State) will also be commissioned soon. Others include the Potato Value Chain Processing Centres in Bokkos, Mangu and Barkin Ladi, and Riyom Water Works among others.

Lalong said the Rescue Administration will continue to operate in a prudent, accountable, and transparent manner in line with the commitment to give value for money and improve the lives of the citizens.

While urging the Assembly to give the proposed budget desired attention, the Governor said he has already directed all heads of MDAs to fully cooperate and make themselves available for the defense of the budget as well as provide necessary details that may be required.

In his speech, Speaker of the Plateau State House of Assembly Rt. Hon. Yakubu Sanda said the House will give the budget all necessary attention in order to ensure its passage into law for the good of the citizens.

He added that the accelerated passage of the Budget after the legislative process will also demonstrate their continued partnership with the executive in the delivery of dividends of democracy to the people.

Sanda advised heads of MDAs to cooperate with the House by appearing promptly to defend their estimates.

Deputy Governor Prof. Sonni Tyoden, Deputy Speaker House of Representatives Rt. Hon. Idris Wase, Member Representing Pankshin, Kanke, Kanam Federal Constituency Yusuf Gagdi, APC State Chairman Hon. Rufus Bature was among the dignitaries that graced the budget presentation.

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Osimhen Scores Again But Injury Scare Raises Fresh Concern For Super Eagles

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Super Eagles striker Victor Osimhen produced a mixed night for Galatasaray on Friday, scoring against İstanbul Başakşehir before being forced off with an injury that could raise concerns over his availability for Nigeria’s upcoming 2027 Africa Cup of Nations qualifiers.

Osimhen opened the scoring in the 17th minute with a stunning effort to put Galatasaray ahead.

Read Also: “My Injury Changed Everything” — Aiyegbeni Reveals How Achilles Blow Ruined Chelsea Move

However, his night was cut short after he appeared to suffer a problem following a challenge with Christopher Operi in the 23rd minute. The Nigerian striker continued briefly but later felt the problem again after making a run behind the defence and signalled that he could not continue.

Osimhen was eventually substituted in the 33rd minute, with Barış Alper Yılmaz coming on as his replacement.

Initial reports describe the problem as a suspected muscle/groin injury, but there is currently no confirmed diagnosis or recovery timeline. Osimhen himself reportedly admitted after the incident that he did not yet know whether the injury was serious.

The timing could be significant for Nigeria.

The Super Eagles are scheduled to begin their 2027 AFCON qualifying campaign against Madagascar on September 23, before travelling to face Guinea-Bissau on September 27.

That leaves Nigeria with just under three weeks before the Madagascar encounter, meaning Osimhen could still have time to recover if the injury proves minor. However, a significant muscle strain or tear could put his participation in doubt.

For now, Osimhen has not been ruled out of the Super Eagles’ upcoming matches, and his availability will depend on further medical examinations and his recovery over the coming days.

The immediate concern for Nigeria will therefore be the results of those assessments.

He scored a spectacular goal, but the biggest question tonight is whether Osimhen will be fit when Nigeria need him most.

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AI compute provider Nscale is looking for $3.5B in pre-IPO financing

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Nscale, a British AI infrastructure company founded just two years ago, has said it may go public as early as later this month. Ahead of that expected IPO, the company is reportedly in talks to raise an additional $3.5 billion.

Bloomberg reported Friday that the company is looking to sell $1.5 billion in convertible notes — a type of loan that can later convert into company stock — to a group of investors, while also seeking an additional $2 billion in financing from Nvidia.

Nvidia also participated in the firm’s Series B funding round in March, a $1.1 billion raise led by investment fund Aker. Nscale hailed its round as “the largest Series B in European history.” The company’s Series A round, in December of 2024, raised $155 million.

TechCrunch reached out to Nscale and Nvidia for comment.

AI infrastructure startups have seen immense growth amid the current era of AI enthusiasm, wherein compute has become a competitive currency.

Nscale recently signed a large deal with Anthropic worth approximately $45 billion. Earlier this week, reports emerged that Nscale had been telling potential investors that it has approximately $103 billion in revenue following the deal. That figure isn’t current sales; it’s a projection based on signed customer leases, according to The Information.

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