Connect with us

Politics

Senate Approves 2020-2022 MTEF,FSP …Raises FG’s Expenditure Estimates

Published

on

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

Continue Reading

Politics

How Akande Lied Against Me Over Bola Ige’s Case – Ladoja

Published

on

Former Governor of Oyo State, Senator Rasheed Ladoja, has dismissed the claim by former National Leader of the All Progressives Congress (APC), Chief Bisi Akande, that he has crucial information regarding the murder of Chief Bola Ige as a complete falsehood.

In a recent interview, Chief Akande also said Senator Ladoja entered a no case submission for the suspects accused of assassinating the ex-Attorney General of the Federation and Minister of Justice.

But the ex-governor has denied the allegation, saying old age has probably affected the memory of the former Osun State Governor to remember what happened during the period.

Senator Ladoja wondered why Chief Akande, who said he knew many things about the assassination that he would not disclose, did not tell the public what exactly surrounded the killing of the former AGF on December 23, 2001.

Senator Ladoja, next in the hierarchy to the Olubadan of Ibadan, said this when speaking with reporters in his Bodija residence in Ibadan.

 

Speaking in an interview with Edmund Obilo, Chief Akande suggested that Senator Ladoja might have important information about late Chief Ige’s killing.

He alleged that Chief Ige was killed by the government and described his death as a “state murder” — but never affirmed a specific person who committed the crime.

Chief Akande claimed that Senator Ladoja withdrew a case related to the murder that had initially been pursued by his predecessor, former Governor Lam Adesina.

“I was the chief security officer of Osun State at the time, not Oyo State. Lam Adesina was the chief security officer of Oyo State and he went to court and the governor that took over from him, Ladoja, withdrew the case from court. He might be able to tell you more, he might know more than I do know,” Chief Akande said.

“There are many things that die with people. I know Lam Adesina went to court over the matter, and I also know his successor, (Rashidi) Ladoja, withdrew the case. Ask Ladoja; he would know more about Bola Ige’s death”, he added.

The All Progressives Congress (APC) chieftain also expressed regret that ex-governor Adesina had confided in him about certain details he could no longer disclose.

Chief Akande noted that key figures, including the former Oyo state governor, who could have shed more light on the case, had passed away.

“Because there are many things you don’t want to tell the public. I don’t want to tell anybody. Now Bola Ige is dead, and Lam Adesina too is dead, so who will be my witness? Nobody,” he added.

Addressing journalists at his residence in Ibadan, Senator Ladoja described Chief Akande’s claims as false.

He said that the case was pursued up to the Supreme Court during his tenure, and denied ever having withdrawn any charges.

“I didn’t withdraw the case; my government didn’t withdraw any case. The case was even prosecuted till apex court, Chief Akande lied against me. This is not the first time people said he lied; someone like Baba Adebanjo even said he lied in his book.

“We are not all happy as a result of Chief Bola Ige’s death, and we are all concerned about his death. I was very close to Chief Bola Ige while alive”, he said.

In 2016, former President Muhammadu Buhari ordered that the investigation into the murder be reopened, but there has been little progress since.

Continue Reading

Politics

Grassroots Governance: Otu Signs Cross River Local Government Amendment Bill Into Law

Published

on

Governor Bassey Otu of Cross River State has signed into law the amended Cross River Local Government Law, a significant legislative milestone aimed at enhancing grassroots governance and service delivery in the state.

A statement signed by Chief Press Secretary to the governor, Mr NSA Gill, said Governor Otu commended the State House of Assembly for its proactive and people-centered legislative work while speaking at the bill signing ceremony which held at his temporary office in Calabar.

The governor emphasized that the amended law would strengthen representation at the grassroots level and drive meaningful development.

“In no distant time, the difference at the grassroots level will be clear,” the governor assured.

Reflecting on the political landscape, Governor Otu expressed satisfaction with the Assembly’s status as a fully All Progressives Congress (APC) legislature.

He noted that with the party now fully in control, unity and collaboration were imperative to support President Bola Tinubu’s Renewed Hope agenda.

In his remarks, the Speaker of the Cross River State House of Assembly, Rt. Hon. Elvert Ayambem, highlighted the transformative impact of the amendments.

He stated that the revised law would accelerate economic development, encourage broader participation in governance, and enhance service delivery at the grassroots level.

Some of the key amendments to the Principal Law include: Section 4(4) – increases the number of departments from seven to twelve, allowing for a more structured and efficient administration; Section 5(2) – adjustments in percentages of funds allocated to key Ministries, Departments, and Agencies (MDAs) to enhance effectiveness and efficiency; Section 20(1) – entrusts Vice Chairmen of councils with oversight on humanitarian affairs, peace and conflict resolution, border and boundary matters, as well as sports; Section 21, which mandates that all appointments into Executive Councils must reflect Federal Character, ensuring balanced representation.

Sections 22(3) and 22(6) – enhance the offices of the Secretary of Council and the Clerk of the Legislative Council with additional staff; Sections 22(a) and 22(b) – provide for the statutory appointment of up to 50 persons per council and introduce the role of Ward Relations Officers, who will serve as Special Assistants in each Council Ward; as well as elevation of Heads of Local Government Administration (HOLGAs) to now have the same rank as Permanent Secretaries at the state level, recognizing their critical role in local governance.

Continue Reading

Politics

Anambra LP Aspirant Advocates Security Details Withdrawal From Politicians

Published

on

An aspirant of the Labour Party (LP) for the vacant seat of the Anambra South Senatorial District, Mr Chidi Amamgbo, has advised the Federal Government to withdraw security details attached to politicians and other very important persons (VIPs) in the country.
According to Mr Amamgbo, who is a U.S.-based Nigerian-born lawyer: “All prominent personalities, from governors to senators, House of Representatives members, and other notable public office holders need to be stripped of police protection.

“Knowing this, stakeholders will quickly show commitment to internal security by overhauling the system if they no longer have access to police escorts”.

Speaking during an interactive session with journalists in Awka, the Anambra State capital, Mr Amamgbo said the measure would help the government develop the right strategies to tackle insecurity and make the country safe again.

“It’s either we rise together or fall together. It’s either we provide security for everybody, or we cannot have our own mini-army while everybody else dies.

“The security situation in the country currently requires a law that will make it impossible for security agents to be assigned to wealthy people,” he said.

He advocated an upward review of security votes to governors, especially in states “where insecurity has become so pronounced that people now live in fear and hardly run their businesses or sleep in peace.”

Mr Amamgbo added, “Security votes allocated to governors should not be seen as pocket money. A committee made up of well-meaning citizens, who are professionals in their various fields, should be constituted to handle the funds, ensure proper utilisation, and enforce accountability.”

He also mentioned that Anambra South was worse hit by the prevailing state of insecurity in the country such as kiddnapping, cultism and sit-at-home, among others ravaging the state.

According to him, for several years, Anambra South, particularly Ihiala, Nnewi South, and Orumba South, have been under siege by non-state actors.

“They have turned our once-thriving communities into theatres of war and bloodshed. Our people, who are predominantly traders, industrialists, farmers, and professionals, now live in perpetual anxiety, unable to go about their lawful businesses,” Mr Amamgbo lamented.

He stated that the unfortunate development had led to the destruction of businesses, economic downturn and displacement of families from their ancestral homes.

He also said that the security challenge had broken law and order, with security agencies stretched beyond their limits.

Mr Amamgbo, therefore, called on the state government to step up efforts to flush out criminals in Anambra South.

Continue Reading

Trending