News
MTEF/FSP: FG Proposes N9.1trn 2020 Fiscal Year …As Senate, FG Move To Jan-Dec Budget Circle

The Federal Government has proposed N9.12trillion as total expenditure profile for the 2020 budget which includes grants and donor funding of N36.39billion.
The budget proposals for 2020 fiscal year is contained in the 2020-2022 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) forwarded to the Senate by President Muhammadu Buhari, last Wednesday, for consideration and approval.
The N9.12trillion proposal is about N2billion higher than the N8.92billion 2019 budget.
According to the MTEF/FSP documents, the aggregate fiscal deficit of Federal Government’s 2020 budget will be N2.28trillion as against N1.92trillion estimated and approved for the 2019 budget.
The N2.28trillion fiscal deficit proposal, according to the President, would be partly financed by new borrowings estimated at N1.70trillion, while about N252.08billion would be derived from privatization proceeds and N328.13billion as loans secured for specific development projects.
The budget proposals has key assumptions of $55 oil price bench mark, 2.18million barrels oil production per day, N305 to a US dollar exchange rate, 2.93% GDP growth rate, among others.
President Muhammed Buhari, in the letter read on the floor of the Senate by the President of the Senate, Dr Ahmad Ibrahim Lawan, commended the effort of lawmakers towards ensuring a cordial working relationship between the legislature and executive arms of government.
The letter reads: “It is with pleasure that I hereby submit the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) to the Senate.
“Let me use this medium to express my gratitude for the much improved partnership between the legislative and the executive arms of the Federal Government in our goal of making the budget process deliver better outcomes for the Nigerian people in particular.
“I note with further appreciation, the commitment and support that Distinguished Senators have continued to demonstrate. Pursuant to the provision of the Fiscal Responsibility Act 2007, the preparation towards the submission of the 2020 budget to the National Assembly is progressing well.
“The MTEF/FSP was prepared taking into account, key development of the global and domestic environments. We have endeavoured to ensure that forecasted revenues are realistic, but also reasonably challenging in the face of our significantly constrained fiscal space.
“Planned spending has been set at prudent and sustainable levels consistent with governments overall developmental objectives as set out in the Economic Recovery and Growth Plan (ERGP).
“Given our shared objective of returning the budget to a predictable January – December fiscal year, with effect from 2020, I hereby forward the 2020/2022 FSP to the Distinguished Senate and trust that it would be extensively considered in order to facilitate the 2020 MTEF budget preparation.”
Nneka Amaechi-Nnadi, Abuja
News
Council Boss Sues For Love, Unity

As Christians across the world celebrate the resurrection of Our Lord Jesus Christ, the Administrator of Opobo/Nkoro Local Government Council of Rivers State, Mr. Frederick Apiafi, has advised Nigerians to love one another.
Mr. Apiafi said the period should be used for sober reflection and demonstration of love, unity and embracing the message of Easter.
This was contained in his Easter message and made available to media houses yesterday, saying that the resurrection of Jesus Christ has equally given birth to a new season of faith, hope , sacrifice and prosperity.
The administrator further used the forum to call on all indigenes and those doing business in the Local Government Area to be their brothers’ keeper at all times.
“As we celebrate the crucifixion and Resurrection of our Lord Jesus Christ, let us soberly reflect and demonstrate love and unity particularly indigenes of Opobo/Nkoro,” he said.
Mr. Apiafi reiterated that welfare of workers and the good people of the area would be paramount in his administration.
News
Gunmen Abduct Six Travellers In Kwara

Seven passengers travelling from Abuja to Kwara State were abducted on Saturday along Obbo-Ayegunle road in Ekiti Local Government Area of Kwara State.
Three children of the abducted victims were, however, later released by the unidentified kidnappers, according to reports reaching The Tide’s source in Ilorin yesterday.
The abduction occurred between 17:00-18:00 hours, while the passengers were on board a Sienna vehicle owned by Olumoh Express transport company, heading to Offa from Abuja.
All attempts made so far by the local vigilante to rescue the victims were unsuccessful.
Spokesperson of the state police command, SP Adetoun Ejire-Adeyemi, confirmed the development.
“Armed hoodlums numbering about eight reportedly intercepted a Sienna bus registered FFA 50XD, heading to Offa from Abuja and forcefully abducted seven occupants including the driver.
“Upon receipt of the information, police operatives in collaboration with local vigilantes, responded swiftly to the scene.
“The vehicle was recovered to the nearest police formation. During a coordinated search of the surrounding bush, three children aged between two and 12 years were located and safely rescued.
“One of the children was able to give the police detailed information of her guardian who was contacted and the three rescued children have been reunited with their relatives,” the statement added.
The command said it has intensified efforts through discreet investigation, intelligence gathering and sustained bush combing to track down the perpetrators and secure the safe rescue of the remaining victims.
Commissioner of Police, Adekimi Ojo, reiterated the commitment of the command to the safety and protection of all residents, urging those with useful information to report through the established channels of the state police command.
News
HYPREP Moves To Complete Ongoing Projects This Year

The Hydrocarbon Pollution Remediation Project (HYPREP) has set machinery in motion to complete ongoing projects this year in line with its new policy thrust.
The Project Coordinator of HYPREP, Prof Nenibarini Zabbey, who gave this indication while addressing participants during the Project’s first quarter interactive session with Ogoni youths in Port Harcourt, said the agency is this year, drawing from a new policy thrust that prioritises timely completion of all projects within stated timelines.
The Project Coordinator noted that as a community-based project, HYPREP understands the urgency of protecting the environment and improving livelihoods in line with its mandate.
He disclosed that the Centre of Excellence for Environmental Restoration(CEER) for example, is currently being painted, as part of its final finishing works, stressing that HYPREP is ensuring that the centre is commissioned this year for public use.
According to him, the Technical Planning Committee for the CEER had submitted its report which contains various recommendations for the operationalisation of the centre.
He further disclosed that the shoreline remediation project is at a completion rate of 39.4 percent, saying, HYPREP has in this area recovered, evaluated and treated over 937,000 litres of oily sludge from the mangrove sediment, as well as evacuated over 1.7million kilogrammes of solid waste from the Ogoni creeks.
According to him, the mangrove restoration project has reached 86 percent completion rate, while the monitoring of the planted mangrove grids is progressing well.
He said HYPREP has also initiated a practical framework for long-term monitoring to ensure the Project’s objectives are met.
The Project Coordinator said HYPREP has achieved significant milestones in the ongoing construction of new water facilities in Ogoni communities, stressing that it is determined to commission the new water facilities in the various communities in the third quarter of this year.
He assured the participants that HYPREP would commission water facilities every two months in Ogoni communities.
Zabbey announced that the Creative Arts training for more Ogoni youths would begin in the second quarter of the year, while other array of interventions to support small and medium scale businesses would be rolled out in the coming weeks.
He revealed that the construction of the Ogoni Specialist Hospital has advanced to a completion rate of 70 percent, while that of Buan Cottage Hospital has reached 93.8 percent.
He also disclosed that in March, the Project Coordination Office took delivery of the first batch of equipment and electrical parts for the Ogoni Power Project, and expects further deliveries in this second quarter.
Zabbey said HYPREP has also deepened its engagement with critical stakeholders, including Ogoni youths and women, adding that this periodic interactive session remains a key part of its yearly work plan to ensure that their voices are heard.
He hinted that some selected youth leaders would benefit from the second batch of the Ogoni traditional rulers and other key stakeholders workshop on mechanism for alternative dispute resolution.
At the interactive session, Dr Sorbarikor Lebura of the Rivers State University delivered a keynote address on how to be on the right side of history, and encouraged Ogoni youths to always strive to be on the right side of history through their actions.
On her part, HYPREP’s Head of Sustainable Livelihood, Mrs Josephine Nzidee told the participants that the project is working hard to close out on the training of 5,000 Ogoni youths and women by ensuring that all trainees get their starter packs.
She assured persons living with disabilities in particular that HYPREP would provide more empowerment opportunities to them.
Also, the Head of Potable Water Unit, Mr Lucky Ikue announced that the Terebor water scheme, which had been out of use for some time now, due to technical glitches, would be functional soon, as the station manager has been relieved of his duties.
By: Donatus Ebi
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