Politics
Senate Approves 2020-2022 MTEF,FSP …Raises FG’s Expenditure Estimates
The Senate yesterday, approved the 2020 to 2022 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper(FSP).
The approval, followed the adoption of a 16-point recommendations by the National Assembly Joint Committee Finance and National Planning which considered the MTEF and FSP documents.
Part of the recommendations approved by senate was to increase the Federal Government’s total expenditure estimates in the MTEF/FSP from N10.002 trillion to N10,729.4 trillion.
This amounts to an increase of additional N729 billion.
The joint committee had conducted a public hearing on the MTEF and FSP on October 2.
The committee had engaged revenue generating agencies in the country on the contents of the MTEF and FSP forwarded by President Muhammadu Buhari for consideration.
Following, debates by over 20 senators on the recommendations, senate adopted the 57dollars per barrel as crude oil benchmark price for the fiscal year 2020.
It also approved the retaining of N305 to one dollar to ensure economic stability.
It also adopted 2.18mbpd as daily crude oil production output in 2020.
It noted that the 2.18mbpd approved would be realised, given concerted effort by Nigerian National Petroleum Corporation (NNPC) and security agencies to combat oil theft and vandalism.
It also recommended an increase in the revenue target of Nigeria Customs Service(NCS) from N942.6 billion to N1.5 trillion,given the performance of the NCS in the last nine months.
It further recommended that N557.4 billion from the revenue increment of NCS be used to reduce borrowing by N200 billion and increase capital expenditure.
This,it said would help decrease the size of the budget deficit from N1.7 trillion to N1.5trillion and also increase capital available to MDAs by N357 billion from N1.01trillion to N1.367 trillion.
It recommended the adoption of N1.5trillion as the amount for new borrowing,adding that the borrowing must be tied to critical projects to increase productivity.
It also recommended the earmarking of 1 per cent of the consolidated revenue to finance basic health care.
It recommended that proper investigation be carried out on the electronic collection of stamp duties domiciled with the Central Bank of Nigeria(CBN)to ensue accountability and increase revenue base.
It also recommended proper investigation on NNPC to ascertain the actual cost associated with the joint venture oil agreements.
It recommended for a call for an urgent review of the Fiscal Responsibility Act and other laws of the revenue generating agencies to align with current realities.
It further urged the national assembly to expedite action on the passage of the finance bill which would be brought along with the budget.
2020 budget by President Muhammadu Buhari.
Lawan said there was the need for the Federal Inland Revenue Services (FIRS) to widen the tax net to generate more revenue for capital expenditure.
Lawan said there was the need for other revenue generating agencies to provide their revenue performances, noting that only that of the NCS was indicated in the recommendation.
He also called for the diversification of the economy from a mono economy via agriculture, solid minerals and tourism
Politics
Tinubu Increases Ambassador-nominees to 65, Seeks Senate’s Confirmation
President Bola Tinubu has increased the number of Ambassador-nominees to 65 and forwarded their names to the Senate for confirmation.
The president’s request, read in plenary Thursday by the Senate President, Godswill Akpabio, consists of 34 career ambassadors and High Commissioners as well as 31 non-career ambassadors and high commissioners.
The Presidency had last week released the names of 32 ambassador-nominees, featuring names of some prominent Nigerians.
Notable nominees among the non-career ambassador-nominees are: Sen. Ita Enang from Akwa-Ibom, Sen. Jimoh Ibrahim (Ondo) and Sen. Folasade Bent (Adamawa) and Segun Ige (Edo)
Three ambassador-nominees, namely: Kayode Are (Ogun), Aminu Dalhatu (Jigawa) and Ayodele Oke (Oyo), earlier forwarded to the senate, had been screened by the Committee on Foreign Affairs.
The new nominees had consequently been forwarded to the committee for screening within one week.
The full list of the ambassadorial nominees per state reads: “Ezenwa Chukwuemeka (Abia), Maimuna Ibrahim (Adamawa), Monica Ogochukwu (Anambra), Mohammed Lele (Bauchi),
Endoni Sindo (Bayelsa) and Ahmed Mohammed Monguno (Borno).
Others are Jane Adams Michael (Cross River), Clark Alexandra (Delta), Chimma Davies (Ebonyi),
Oduma Ehinose (Edo ), Segun Ige (Edo), Adeyemi Emmanuel (Ekiti), Onaga Kingsley (Enugu) and Magaji Umar (Jigawa).
Other nominees in the category of Career Ambassadors are Mohammed Dahiru (Kaduna), AbdulSalam Zayat (Kano), Shehu Barde ( Katsina ), Aminu Nasiu ( Katsina ), Abubakar Musa-Musa ( Kebbi) ,Mohammed Idris ( Kebbi) ,
Bako Adamu Umar (Kogi).
” The rest are: Sulu Gambari (Kwara), Ramata Mohammed (Lagos), Shaga John Shama (Nasarawa), Salau Mohammed (Niger) and Ibrahim Danlami (Niger).
Others are: Adeola Mopelola (Ogun),
Ruben Samuel (Ondo), Akand Adekola (Osun), Adedokun Esther (Oyo), Gedagi Joseph (Plateau), Luther Ayokalata (Rivers), Danladi Yaku (Taraba) and Bello Dogondaji (Zamfara).
Names on the list of the 31 non-career ambassadorial nominees are Sen. Grace Bent (Adamawa), Sen. Eta Enang (Akwa – Ibom), Nkechi Okocha (Anambra ),
Mahmood Yakubu (Bauchi), Philip Ikurusi (Bayelsa).
They include Paul Oga Adikwu (Benue), retired Vice Adm. Ibok Ibas ( Cross River), Abasi Braimah (Edo) and Erelu Adebayo (Ekiti).
Others are: Olumilua Ayotunwa (Ekiti),
Ifeanyi Ugwuanyi (Enugu State), Mrs. Chioma Ohakim (Imo ), retired Lt.-Gen. Abdulrahman Bello Dambazau (Kano State).
“The rest are; Tasiu Maigari (Katsina), Alhaji Abubakar Aliyu (Kogi) and Olufemi Pedro (Lagos) “Mohammed Aliyu (Nasarawa State),
Sen. Jimoh Ibrahim (Ondo) Joseph Iji (Ondo), Fani-Kayode (Osun), Prof. O. Adewole (Osun), Florence Ajimobi (Oyo), Lola Akande (Oyo), Prof. Nora Daduut (Plateau), Yakubu Gambo (Plateau).
“Chukwujinka Okocha (Rivers ), Haruna Abubakar ( Sokoto ), Jerry Samuel Manwe (Taraba) and Adamu Nangree (Yobe).
Politics
Cleric Tasks APC On Internal Stability, Warns Otti
He predicted that before the next election cycle, Abia’s political landscape would witness broken alliances, surprising mergers, and new contenders emerging from within established networks.
Prophet Arogun concluded with a broader appeal to Nigeria’s political leaders, emphasizing the need for justice, peace, and integrity in public governance.
“Nigeria is the assignment. Only righteousness will stabilize this nation. Only fairness will preserve the mandate. Let those who have ears hear”, he said softly.
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