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Sean Dampte UK based singer, drops new track,‘Energy’

Sunday 30 September 2018

All Eyes Were On Seyi Shay At The Vlisco “Inspired By The Igbo� Event And It’s Not Hard To See Why

Seyi Shay hit all the right style notes as she stepped out for the Vlisco Inspired by the Igbo event a few nights ago.

The gorgeous singer and actress looked ever so sultry and elegant in a maxi dress off Amede’s Unhindered Hues collection.

The dress made of bold colours on a black base that gave it a beautiful tie-dye effect proved to be the perfect outfit for the culture-themed event.

She accessorized it with an orange clutch by Jidz and a gold armlet while wearing her long sleek hair down her back.

A LOOK!!!

 

This post first appeared on www.234star.com

The post All Eyes Were On Seyi Shay At The Vlisco “Inspired By The Igbo� Event And It’s Not Hard To See Why appeared first on Nigerian Entertainment Today.

All Eyes Were On Seyi Shay At The Vlisco “Inspired By The Igbo� Event And It’s Not Hard To See Why



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#NoTooYoungToRun was passed for selfish reasons | 16 talking points from the September edition of #ThursdayTalks

Without mincing words, Nigeria is going through very difficult times. And so, it is pertinent that we have discussions on the many issues that stagnate the countries progress. The seventh edition of Thursday Talks Lagos, a monthly conversation with thought leaders, change agents and active citizens which aims at driving conversations around the demand for good governance driven by active citizenship was one of such deliberations.

This event is organised by YNaija, EiE Nigeria and BudgIT.

For the September edition, Juliet Kego, Co-Founder, Whole WoMan Network and Akin Oyebode (Executive Secretary, Lagos State Employment Trust Fund debated on the topic: “Millenials and the Challenges of Nation Building“.

See talking points below:

  • I think we are making progress but economic disability is the problem” – Oyebode.
  • One thing we have to unlearn as a nation is a total dependency on the government and the inherent distrust of markets. We place too much power in government that such powers can be over-used. The government runs virtually everything in Nigeria which shouldn’t be so ideally.” – Oyebode.
  • For the younger generation, we have to learn from the mistakes of the past and attempt to create greatness out of it” – Oyebode.
  • If we do not face our challenges with a binary approach, then there is no incentive for our political leaders to do anything. People will keep getting into positions of authority and remain wayward” – Oyebode.
  • We need leadership that prioritises education. The current leadership does not even bother” – Kego.
  • We need leaders who understand that the private sector needs energising. More infrastructure to allow them to thrive. We need leaders that will invest in people, young people” – Kego.
  • The world is becoming more democratic and because of that, people have less tolerant of nonsense. Millennials are more expressive and have lots of medium to express themselves than people of the other generation” – Oyebode.
  • “We have lost our shared values. We’ve lost the core of what makes a nation” – Kego.
  • Let’s not be deceived, the reason why the  Bill could be passed now is because older politicians want their children to get into politics earlier” – Oyebode.
  • It is not enough to be young and mental, you need a structure to win an election in Nigeria. One of those structures is name recognition. Millennials must get involved in the politics of their locality. It goes beyond social media ranting and criticism. Get involved in the process. It’s not just about you having PVC but the ability to influence how people think and take decisions” – Oyebode.
  • We have a dysfunctional country where almost nothing is working. Politics and Government are what drives the economy. Millennials form the larger percentage of the governed and should be given the chance to participate in the process.
  • There’s a need to design advocacy that is geared towards a positive outcome. Advocacy goes beyond telling people to just go get their PVCs. Beyond the  Bill there has to be a structural change in the system so the millennials can actively participate” – Kego.
  • Some of the most ill-performed governors in Nigeria are the youngest. Millennials must go through the process so as to understand what to disrupt. You cannot just say you want to rush into it. Because while many are discussing disruption, they don’t know what they want to disrupt” – Oyebode.
  • Nigeria’s political system isn’t designed for competence but for cronies and settling people” – Kego.
  • Millennials participation in politics shouldn’t be necessarily confrontational. Leverage on the power of digital media” – Oyebode.
  • The advantage of youth is also its problem. People need a whole lot of coaching because inexperience is one of the major problems.

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Read » #NoTooYoungToRun was passed for selfish reasons | 16 talking points from the September edition of #ThursdayTalks on YNaija

#NoTooYoungToRun was passed for selfish reasons | 16 talking points from the September edition of #ThursdayTalks



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Kashim Shettima: Borno governor endorses Prof. Umara-Zulum successor

Borno state Governor, Kashim Shettima

Shettima made the endorsement on Saturday night while addressing all the governorship aspirants in the state ahead of the Sunday’s governorship Primaries of the All Progressive Congress(APC) in Maiduguri.

Gov. Kashim Shettima of Borno on  has endorsed Prof. Babagana Umara-Zulum, the State’s Commissioner For Reconstruction, Rehabilitation and Resettlement to succeed him.

Shettima made the endorsement on Saturday night while addressing all the governorship aspirants in the state ahead of the Sunday’s governorship Primaries of the All Progressive Congress (APC) in Maiduguri.

Shettima had within the last one month, held secret cosultations with stakeholders, traditional rulers and party chieftains  in order to get their views on the best candidte to succeed him.

NAN reports that leading traditional rulers and Borno Elders have reportedly also settled for Zulum based on his integrity and track records of achievements while as commissioner.

Prof. Umara-Zulum, is an engineer and fellow of the National Institute for Policy and Strategic Studies, NIPSS.He was born in August, 1969 in Mafa Local Government Area of the state.

After his elementary and secondary education, he went to Ramat Polytechnic, Maiduguri, where he obtained a National Diploma in Irrigation Engineering in 1988.

From there, he proceeded to the University of Maiduguri to Study Agricultural Engineering between 1990 and 1994 after which he attened his mandatory NYSC service in Katsina State. He obtained his Masters Degree in Soil and Water Engineering from the University of Ibadan from 1997 to 1998.

He came back to Maiduguri to his Alma-Mata to undertake a doctoral degree which was successfully completed in 2009 in Agric and Environmental Engineering.

All along, he has been serving his state in various capacities as a technical officer up to the rank of a principal water engineer with Borno State Unified Local Government.

In the year 2000 he took up an appointment with the University of Maiduguri as an assistant lecturer in the department of Agric Engineering, he went through the ranks to become a Senior Lecturer in 2008. He later became the Rector of Ramat Polytechnic, Maiduguri.

In 2015, he was appointed Commissioner for Reconstruction, Rehabilitation and Resettlement by Gov. Shettima, a position he held till early this week when the Borno State Executive Council was dissolved.

Kashim Shettima: Borno governor endorses Prof. Umara-Zulum successor



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APC primary: Eyube seeks Okpe Sapele/Uvwie delegates support

APC primary: Eyube seeks Okpe Sapele/Uvwie delegates support

A House of Representatives hopeful for Okpe Sapele/Uvwie Federal Constituency, Hon. Kennedy Eyube, has charged delegates on the platform of All Progressives Congress, APC, to vote for him during the party’s primaries for him to emerge as the standard bearer of the party, saying  he is the right person to represent his constituency in Abuja.

Continue reading APC primary: Eyube seeks Okpe Sapele/Uvwie delegates support at Vanguard News.

APC primary: Eyube seeks Okpe Sapele/Uvwie delegates support



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Mama Taraba dumps APC for UDP

Man Utd have ‘big decision’ to make over Mourinho – Ferdinand fears worst season ever

The ex-England defender says that the Red Devils could be heading towards “one of their worst seasons ever”

Man Utd have ‘big decision’ to make over Mourinho – Ferdinand fears worst season ever



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Man Utd have 'big decisions to make' after worst start in 29 years – Ferdinand

Manchester United “have big decisions” to make about the future of manager Jose Mourinho, says former defender Rio Ferdinand.
Man Utd have 'big decisions to make' after worst start in 29 years – Ferdinand



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President Buhari returns to Abuja

PRESIDENT MUHAMMADU BUHARI BEING RECEIVED BY MINISTERS AND PRESIDENTIAL AIDES AFTER HIS ARRIVAL IN NEW YORK FOR THE 72ND SESSION OF THE UN GENERAL ASSEMBLY

President Muhammadu Buhari has returned to Abuja from New York where he participated in the 73rd Session of the United Nations General Assembly.He aslo attended other official engagements on the sideline of the UNGA73 between Sept. 24 and Sept. 29.

The theme for this year’s Session is: ‘Making the United Nations relevant to all People: Global Leadership and Shared Responsibilities for Peaceful, Equitable and Sustainable Societies’.

The News Agency of Nigeria (NAN) reports that the presidential aircraft conveying the president, his wife, Aisha, and some members of his entourage took off from JFK International Airport on Saturday and landed at the presidential wing of Nnamdi Azikiwe International Airport Abuja on Sunday morning.

The Chief of Staff to the President, Malam Abba Kyari and the Inspector-General of Police, Ibrahim Idris, were among government officials who welcomed the president at the airport.

The highpoint of Buhari’s participation was his address on Tuesday to the General Assembly on the opening day of the General Debate.

The president, in his presentation of Nigeria’s National Statement, sought global cooperation on security, anti-corruption, irregular migration, climate change, and UN reforms, among others.

Buhari and his wife also attended a welcome reception hosted by the UN Secretary-General Antonio Guterres and his spouse for Heads of State and Government and their spouses.

The president and his delegation attended the high-level ‘Mandela Peace Meeting on Global Peace’ in honour of the centenary birth of late South African President Nelson Mandela.

The Nigerian delegation also participated in a high-level meeting on the ‘Fight against Tuberculosis’ organised by the World Health Organisation (WHO).

Nigeria currently ranks seventh amongst the high TB-burden countries globally, and second in Africa, where Mrs Buhari also delivered a statement.

The Nigerian delegation attended a high-level meeting on financing the 2030 Agenda for Sustainable Development and World Economic Forum’s Sustainable Development Impact Summit.

Others are the ‘Second Annual Bloomberg Global Business Forum, high-level Meeting on Action for Peace-Keeping’; ‘Commemoration and Promotion of the International Day for the Total Elimination of Nuclear Weapons’, high-level meeting on the ‘Third Industrial Development Decade for Africa’, and ‘Pathway to Localising a Global Agenda’.

Also while in New York, Buhari had bilateral meetings with many African and world leaders including Bill Gates with a view to promoting national and African interests.Buhari also had interactive session with a selected group of Nigerian professionals based in the United States and Canada.

President Buhari returns to Abuja



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EPL: Pogba tells United teammates he will go on strike over issues with Mourinho

Manchester United star, Paul Pogba has told his teammates that he would go on strike. This is as his war with manager, Jose Mourinho threatens to reach a new level, according to the Mirror. Mourinho and the player he signed back from Juventus have been at loggerheads for much of the season. Television cameras picked […]

EPL: Pogba tells United teammates he will go on strike over issues with Mourinho

EPL: Pogba tells United teammates he will go on strike over issues with Mourinho



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AFCON 2019 Qualifiers: Libya Coach Amrouche Names 22-Man Squad For Super Eagles Duels

amrouche-libya-super-eagles-afcon

By Adeboye Amosu: Libya head coach, Adel Amrouche, has named a 22-man squad for the 2019 Africa Cup of Nations qualifying double-header against the Super Eagles of Nigeria, Completesportsnigeria.com reports. Top on the list of the squad released by Amrouche is Crotone of Italy star, Ahmad Benali, who once represented England at the U-17 level. […]

The post AFCON 2019 Qualifiers: Libya Coach Amrouche Names 22-Man Squad For Super Eagles Duels appeared first on Complete Sports Nigeria.

AFCON 2019 Qualifiers: Libya Coach Amrouche Names 22-Man Squad For Super Eagles Duels



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Just in: Buhari, Aisha arrive Abuja

Just in: Buhari, Aisha arrive Abuja

President Muhammadu Buhari has returned to Abuja from New York where he participated in the 73rd Session of the United Nations General Assembly.

Continue reading Just in: Buhari, Aisha arrive Abuja at Vanguard News.

Just in: Buhari, Aisha arrive Abuja



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Independence Day: Top 5 Christian denominations after 1960

Independence Day: Top 5 Christian denominations after 1960

As Nigeria marks the 58th anniversary of her independence, we take a look at some of the churches that were born after the colonial era.

Monday, October 1, 2018, marks the 58th anniversary since Nigeria gained independence. Before that eventful day in 1960, there were a couple existing Christian denominations like the Redeemed Christian Church of God (RCCG),  founded by Pa Josiah Akindayomi in 1952. Since then, there have a lot more churches. Here are the top five definitions since 1960:

Deeper Christian Life Ministry

This denomination also known as Deeper Life Bible Church started in 1973. It was founded by the General Superintendent, Pastor William Folorunso Kumuyi. At the time of its inception (August 1973), Kumuyi was a Mathematics Lecturer at the University of Lagos. There, he started a Bible study group in his official Flat 2 residence at Unilag with 15 members who had a desire to understand the scriptures, hence the name - deeper life.

 

Pastor Philip Oluwi, one of the pioneer members of the church, describes the beginning of Kumuyi's ministry. In his words, "I was anxious to have a deeper knowledge of God. All along I wasn't satisfied with what I was receiving from the churches. A friend told me about the Deeper Life Bible Study…so in January 1975, we went together to Flat 2. After the Bible Study that night, I knew I had arrived at where I really wanted to be."

This laid the foundation for his ministry, which became the Deeper Life Bible Church after the study group started holding Sunday service in November 1982.

 

Living Faith Church Worldwide

This church is also known as Winners Chapel. It was founded by Bishop David Oyedepo in 1983 after a divine experience. Reportedly, the then 26-year-old founder had a vision that lasted for 18 hours in May 1981. During this vision,  God said: "Now the hour has come to liberate the world from all oppressions of the devil, through the preaching of the Word of faith; and I am sending you to undertake this task".

 

This mandate led to the establishment of the first Living Faith in December 1983. The first church, located in Kaduna state had only four members. Years later, this tiny church has grown into a megachurch with branches all over the nation with the headquarters located in Canaan Land, Ota. Living Faith can also be found in at least 49 countries.

ALSO READ: 12 most remarkable Men of God from 1960 till now

Mountain of Fire and Miracles Ministries

MFM was founded by Dr. Daniel Kolawole Olukoya (DKO) who held a prayer meeting in his home on a Wednesday in 1989. Reportedly, only 24 people showed up. This number continued to grow until the meetings had to be moved from Olukoya's living room to 60 Old Yaba Road, Yaba, Lagos.

 

Eventually, an abandoned place at 13 Olasimbo Street, Onike, Yaba was bought and turned into what we now know as the International Headquarters of the Mountain of Fire and Miracles Ministries. The church held its first official service on April 24, 1994. Fun Fact: The name was revealed to the founder while he was praying. The church can be found all over Nigeria, London, the United States, Canada, Europe, the Caribbean, and Asia.

 

Synagogue Church of All Nations

SCOAN is founded and led by an unusual prophet named Temitope Balogun Joshua (born June 12, 1963). Reportedly, he spent 15 months in his mother's womb and escaped death seven days after his birth.

His ministry started after he received a vision. During this encounter, he is said to have received divine anointing and entered a covenant with God who gave him permission to start his ministry. This led to the birth of SCOAN with started years ago with eight members in Agodo-Egbe in Lagos state.

 

Now, Prophet Joshua's church is an architectural masterpiece located in Ikotun-Egbe where over 15,000 people visit every Sunday. Unlike other ministries, SCOAN can only be found in two places - Accra, Ghana and Lagos state which makes it a major tourist attraction. According to The Guardian, it gets more people than the combined number of visitors to Buckingham Palace and the Tower of London.

Prophet Joshua explained his reason for having only one branch during a Sunday service on August 24, 2014, the Daily Post reports.

He said, "I would have loved to have branches all over the world because people want T.B. Joshua everywhere. But it is not yet time because it will be too much for my character. When the load is too heavy for you, it will become a burden."

 

Christ Embassy

Also known as Believers' LoveWorld Incorporated, this church was founded by pastor Chris Oyakhilome in 1990. Like MFM, it started as a prayer group led by the founder who was studying architecture at the Ambrose Alli University, Ekpoma in Edo state. It was initially known as Believer's LoveWorld Fellowship and then Believer's LoveWorld Inc.

 

Since then, it has become a global network of churches with over 13 million members across the world. Reportedly, the headquarters of Lagos has 40 000 members alone.

Happy Independence day guys!

Independence Day: Top 5 Christian denominations after 1960



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New minimum wage: Why Governors, not Buhari are workers’ problem – Ukauwa

Ahead of the 2019 general election, a former governorship aspirant and chieftain of the All Progressives Congress, APC, in Abia state, Ambassador Chidike Ukauwa has told civil servants in the country to vote out governors who are not paying salaries. He berated the governors for deliberately foisting hardship on civil servants over their alleged failure […]

New minimum wage: Why Governors, not Buhari are workers’ problem – Ukauwa

New minimum wage: Why Governors, not Buhari are workers’ problem – Ukauwa



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Hazard genius may not be enough if Chelsea's strikers don't start scoring

The Blues measured themselves up against one of England’s strongest sides, but one thing remained clear: they rely on their Belgian star

Hazard genius may not be enough if Chelsea's strikers don't start scoring



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K1 Ultimate, Tiwa Savage, Falz For SUPREMACY Concert On Oct 1

LEADERSHIP

The Supremacy concert is back and better! The headliners music show which was held last in 2016 holds on Monday, October 1 which is on Independence day at the Eko Hotel & Suites in Lagos. Headlining the concert is some of Africa’s greatest performers namelyFuji King, KWAM 1, Afro pop star, Tiwa Savage, Indigineous Rap […]

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K1 Ultimate, Tiwa Savage, Falz For SUPREMACY Concert On Oct 1



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Opinion: Why I think the Osun re-run election should not be taken seriously

The Osun supplementary election in which the Independent National Electoral Commission (INEC) declared the candidate of the All Progressives Congress (APC), Gboyega Oyetola, the winner is an aberration. It was marred by irregularities, widespread malpractice, voter intimidation, violence and harassment which has rolled back the electoral gains of the 2015 presidential election.

In a joint press conference, the European Union, the United States and the United Kingdom faulted the election alleging interference and intimidation. US Consul-General John Bray stated thus, “We witnessed what appeared to be incidents of interference and intimidation of voters and heard reports of harassment of party monitors, journalists and domestic observers.�

These reports of irregularities were corroborated by INEC earlier in the course of the election on its Twitter handle. Similarly, One of its officials, Olusegun Agbaje, on TV quipped, “that someone’s head was sliced with a machete does not mean the re-run was not peaceful” inadvertently, admitting widespread violence in an election which involved only seven polling units and less than 4000 voters.

What transpired in the re-run election falls short of global standards expected of a free, fair, credible and peaceful election. This literally means that INEC under Professor Mahmood Yakubu cannot be trusted to conduct the 2019 general elections involving 774 Local Government Areas, 36 states and the Federal Capital Territory (FCT). The election also falls short of the standards set by ex-President Goodluck Jonathan and Prof Attahiru Jega in the conduct of the 2015 elections which renewed hope in our democratic processes and gave Nigeria’s electoral system some credibility in the eyes of the global community and international observers.

Election observers reported widespread restriction of movement, arrests and denial of access to the polling units by security agencies. There are videos on social media where hoodlums allegedly loyal to the APC prevented PDP voters from gaining access to polling units, confiscated voters’ PVCs and unleashed violence on the people of Osun. Voters loyal to the APC, however, were reportedly singled out and allowed entry to polling units. While Saturday’s election was adjudged peaceful, the re-run was a charade which warrants INEC to redeem its credibility and restore confidence in the institution as an unbiased election umpire.

Nigeria cannot afford to retrogress after the 2015 election became a reference point for free, fair, credible and peaceful in Africa. INEC under Prof Yakubu should not bring disgrace to Nigeria and erode the confidence which INEC garnered under the previous administration. The degradation of the electoral system has been gaining momentum as witnessed in previous elections before Osun, most recently, the Ekiti election but the brazen display of desperation by the ruling APC culminated in the daylight robbery in Osun where advanced electoral manipulation was deployed in the most crude manner in the glare of international observers and Nigerians who watched the charade aghast. Having lost in the initial election before the run-off, the party resorted to clandestine tactics of collusion with security agencies and thugs which were deployed to intimidate voters who were sympathetic to PDP.

The Situation Room, in its submission on the supplementary election concluded that, “It is clear that the circumstances that led to the cancellation of the elections in the seven polling units where the elections were re-run, including violence, also repeated themselves in most of this election, raising questions on why results obtained under these conditions should now stand.”

It will be in the best interest of democracy and Nigeria for INEC to redeem its image by cancelling the Osun supplementary election, scheduling a re-run or declare Senator Ademola Adeleke of the PDP the winner of the governorship election based on Saturday’s peaceful election.

Read » Opinion: Why I think the Osun re-run election should not be taken seriously on YNaija

Opinion: Why I think the Osun re-run election should not be taken seriously



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Would You Choose Love Over Tribe?

Nnenna has not been on speaking terms with her parents. This is the fifth year she will bring up the conversation on marriage and her parents are adamant. She will not marry him as long as “they are alive�. He is not Igbo, therefore there is no standing. It would have been different if he were from another Igbo speaking state not Yoruba, a culture alien to them. With the same stance, they sing a dirge for their kinsman’s daughter who got married to an Edo man.

Welcome to Nigeria, a land replete with a rich cultural history dating back to centuries. So unique is her society that within the confines of a geographical landscape, the neighbouring community of fewer than 300 miles stands a probability of speaking a different language. Yet this beauty is her undoing: Intricacies of mistrust, subtle tribalistic wars (and feelings of superiority) reign supreme.

Peter Okoye and Lola Omotayo-Okoye

Goodswill Akpabio and Unoma Ekaette Akpabio

Communities are rife with the fear that a tribe is filled with ills that continue to threaten the existence of the people “spiritually;� their agitation that your name is about to be lost along the times of history in their line; that you have become the sheep led to the slaughter/ the fly who dances near the cow not knowing its end is near. This fear is not exclusive of her bias for her neighbour’s community. Therefore, the saying, “what the child is seeing standing, the elder sees it sitting� waxes stronger.

What they do not realise is the danger it portends: the stop of a man from becoming one flesh with his destined wife, It is the clamp-down of the jaw-dropping pride that children wear on their sleeves as they tell that their parents are of mixed Nigerian blood, to prevent the promotion of diversity, to quench the stereotypical fuel that continues to burn. Examples continue to disprove this saying: Ibrahim Babangida and his beloved wife, Ndidi “Maryam�, Godswill Akpabio and his wife, Unoma “Ekaette�.

Badamosi Babangida and Ndidi Maryam Babangida

An Igbo lady who has been married to an Akwa-Ibom man for five years told Guardian Life, “He’s the best in-law to my parents. In fact, he’s the best thing that has happened to me. I couldn’t have asked for anyone else. This tribal rife deceives us. Love is universal, the tribe is not a barrier.�

But then, you are left to choose:

If you should become as obedient as a child who fed from her mother’s breast or the child who faced the odds and overcame the raging storm.

Would You Choose Love Over Tribe?



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Finance: Everything you need to know about Italy's budget crisis — which threatens to trigger a major market meltdown

Italy political crisis

The budget crisis can be traced back to March's general election, in which both Five Star and the League ran on platforms based on anti-austerity policies, high levels of spending on infrastructure and social welfare, and tax cuts for lower income Italians.

  • A fresh political crisis is brewing in Italy over plans for the coalition government's first budget.
  • The coalition late on Thursday agreed to set Italy's budget deficit at 2.4% of GDP.
  • This is far above the 1.6% level that technocratic finance minister Giovanni Tria had lobbied for and puts Italy on a collision course with the EU.
  • Italy risks falling foul of EU fiscal responsibility rules.

Markets across Europe tanked on Friday. The euro dropped, stocks plunged, and yields on government debt spiked. Italy was at the epicentre of all the trouble. After a few months of relative political calm, Italy is back centre stage in European politics.

The source of the drama this time is the country's upcoming budget — the first under the populist coalition government of the Northern League and the Five Star Movement. The issue surrounding the budget effectively boils down to a conflict between the leaders of the two parties, the eurozone, and Italy's technocratic finance minister Giovanni Tria.

What exactly is going on? The budget crisis can be traced back to March's general election. Both Five Star and the League ran on platforms based on anti-austerity policies, high levels of spending on infrastructure and social welfare, and tax cuts for lower-income Italians.

Both parties railed against Italy's established political parties and their perceived failure to deliver on promises over the years. Now, after success in the election. both Five Star and the League, must deliver on their manifesto pledges if they want to avoid claims massive hypocrisy.

Big infrastructure and welfare spending obviously requires lots of money. That, in turn, means government borrowing. Italy already has a national debt bigger than its GDP, at around 130% of GDP, and major spending would likely push that even higher. Luigi Di Maio, Five Star's leader, and Matteo Salvini, the League's leader, are both fine with increased debt, but the finance minister they appointed, Tria, is not.

Tria wants to pursue a more fiscally responsible strategy aimed at cutting Italy's sizeable debt pile. He has proposed a cap of 1.6% of GDP on Italy's budget deficit — the gap between government spending and revenues — something both Five Star and the League reject.

The parties formally rejected Tria's proposal late on Thursday, saying in a statement they had agreed to set Italy's budget deficit at 2.4% of GDP, a significant increase on the current level.

"The prominence of fiscal rigour wasn't shared by the two main stakeholders of the government alliance," Paolo Pizzoli, an economist with Dutch bank ING, said in a note released on Friday.

"Both Matteo Salvini and Luigi Di Maio converged on the idea that more fiscal leeway should be left to implement their electoral promises."

The conflict is so strong that Tria reportedly threatened to resign, before backing down.

So what's the big deal? Well, a 2.4% of GDP budget deficit risks putting Italy in breach of the EU rules surrounding fiscal responsibility. That could lead to punitive action from Brussels against Italy.

"In case of a big mismatch and continuous clash, we won't rule out the future re-opening of an excessive deficit procedure against Italy," Pizzoli said in his note.

He added: "Lacking projected fiscal and growth details, it's impossible to assess the extent to which the EU fiscal requirements will be missed under the planned deficit profile."

It should be noted that the crisis is unlikely to be as severe as might have been expected, after both Five Star and the League "accepted the introduction of the three strongholds of the government programme; the introduction of a flat tax, the loosening of the Fornero pension reform and the introduction of a form of minimum universal income and pension would necessarily follow a piecemeal approach."

It is clear, Pizzoli says, that Italy is not set for a "massive fiscal splurge."

Finance: Everything you need to know about Italy's budget crisis — which threatens to trigger a major market meltdown



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Ramos bemoans Real's missed chance to pounce on Barcelona slip-up

Real Madrid captain Sergio Ramos

Saturday’s goalless derby against Atletico Madrid in La Liga did not please the Blancos captain

Ramos bemoans Real's missed chance to pounce on Barcelona slip-up



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'He's my little friend' – Griezmann plays down spat with Real Madrid ace Ramos

Atletico Madrid star Antoine Griezmann

The Atletico Madrid forward buried the hatchet with the defender following Saturday’s Madrid derby in La Liga

'He's my little friend' – Griezmann plays down spat with Real Madrid ace Ramos



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