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
Gov Alia Appoints TuFace As Adviser

Benue State Governor, Hyacinth Alia, has appointed Nigerian music legend, Innocent Idibia, popularly known as TuFace, as his Technical Adviser on Entertainment and Community Outreach.
In a viral video on Wednesday, Governor Alia praised TuFace for all the support towards his administration.
The Governor stated that TuFace can do more.
He stated, “On behalf of the Benue State Government and our very good people, we want to give you some more responsibility plus the ones you have been doing because you have the capacity to do some more and help us chart a way forward to improve other people’s lives and to gain more from your wisdom and advice as well.
“So, I’m pleased to announce that we will make you a Technical Adviser to the Governor on Entertainment and Community Outreach.”
Politics
Oborevwori, Okowa Dump PDP For APC

Governor of Delta State, Rt Hon Sheriff Oborevwori, has officially defected from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC).
The announcement was made following a closed-door meeting at the Government House in Asaba on Wednesday.
The Governor’s Chief Press Secretary, Sir Festus Ahon, confirmed the development in a telephone conversation with The Tide’s source.
Similarly, the defection of former Governor Ifeanyi Okowa was announced on Wednesday in Asaba by Senator James Manager, following a meeting that lasted over six hours at the Government House.
Senator Manager said all PDP members in the State, including the Governor, former Governor Okowa, the Speaker, the state party chairman, and all local government chairmen, had agreed to join the APC.
“We cannot continue to be in a sinking boat,” he said.
The decision to defect to the All Progressives Congress (APC) followed extensive consultations with political stakeholders and was made in the interest of Delta State’s long-term development.
Governor Oborevwori, who won the 2023 gubernatorial election on the platform of the Peoples Democratic Party (PDP), was received by senior APC officials in what political analysts are already describing as a strategic realignment with far-reaching implications ahead of the 2027 general elections.
Politics
Speakers Conference Tasks FG, Governors On Wanton Killings
The Conference of Speakers of State Legislatures of Nigeria has condemned the recent wave of killings in Plateau, Borno, Benue, Niger State and most recently, Kwara State, calling on the federal and state governments to take urgent steps to stem the tide.
Chairman, Conference of Speakers of State Legislatures of Nigeria, Adebo Ogundoyin, stated this in a statement issued in Ibadan, Oyo State.
Rt Hon. Ogundoyin, who is the Speaker of the Oyo State House of Assembly, said the gruesome killings had led to tragic loss of lives, widespread displacement, and unimaginable trauma for thousands of Nigerians.
“We are alarmed by the escalating insecurity in the land and the seeming helplessness with which these attacks are met. The time for mere condemnation and rhetoric has passed; urgent and coordinated action is now required at all levels of government to end these bloodbaths and restore peace and order.
“While we acknowledge that defence and national security fall within the exclusive jurisdiction of the Federal Government, we must stress that every level of government bears responsibility for the security and welfare of the people. State governors, in particular, must rise to the occasion and fully understand that governance is not limited to road construction and ceremonial functions. True governance is rooted in the protection of lives, the preservation of order, and the alleviation of suffering,” he said.
He called on state governments to complement the efforts of the Federal Government by making and enforcing enabling laws for community policing and other grassroots-driven security models.
According to him, States must develop proactive frameworks that integrate local intelligence, social support systems, and youth engagement in the fight against insecurity.
The conference also urged the Federal Government to meaningfully engage the citizenry and introduce bold, practical measures to cushion the hardship caused by its current economic policies.
“Millions of Nigerians are groaning under the weight of inflation, unemployment, and a cost-of-living crisis. It is imperative that relief initiatives—targeted, transparent, and impactful—are rolled out without delay. Dialogue, not distance, must define the relationship between the government and its people at this critical time.
“The Conference of Speakers affirms its commitment to supporting all legislative actions necessary to restore security, promote justice, and foster inclusive governance across the country. The killings in Benue, Niger, Plateau, Borno, Kwara, and any part of Nigeria must not be allowed to continue unchecked. Justice must prevail, and peace must be restored.
“Let it be known: the safety, dignity, and well-being of every Nigerian must remain the top priority of all arms and levels of government,” Rt Hon. Ogundoyin said.
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