Connect with us

National

Buhari assents to N17.127Trillion budget in company of Lawan, Gbajabiamila

Published

on

Share this story

President Muhammadu Buhari on Friday in Abuja signed into law the 2022 Appropriation Bill and the 2021 Finance Bill.

The President signed the documents in the Presidential Villa in the presence of Senate President Ahmed Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council.
The President’s is in keeping with the tradition of restoring a predictable January to December fiscal year, as provided for in the Constitution of the Federal Republic of Nigeria,

Speaking at the event, the President said the 2022 Budget, just signed into law, provides for aggregate expenditures of N17.127 trillion, an increase of N735.85 billion over the initial Executive Proposal for a total expenditure of N16.391 trillion.

The President explained that N186.53 billion of the increase however came from additional critical expenditures that he had authorized the Minister of Finance, Budget and National Planning to forward to the National Assembly.

‘‘The Minister will provide the public with the details of the budget as passed by the National Assembly, and signed into law by me,’’ he said.

The President announced that as the 2023 Budget is going to be a transition budget, work will start in earnest to ensure early submission of the 2023-2025 Medium-Term Expenditure Framework and Fiscal Strategy Paper as well as the 2023 Appropriation Bill to the National Assembly.

He, therefore, directed Heads of Ministries, Departments and Agencies (MDAs) to cooperate with the Ministry of Finance, Budget and National Planning, more specifically with the Budget Office of the Federation, to realise this very important objective.

President Buhari also expressed strong reservations on the ‘‘worrisome changes’’ made by the National Assembly to the 2022 Executive Budget proposal.

He announced that he would revert to the National Assembly with a request for amendment as soon as the Assembly resumes to ensure that critical ongoing projects cardinal to this administration do not suffer a setback due to reduced funding.

The President recounted that during the presentation of the 2022 Appropriation Bill, he had stated that the fiscal year 2022 would be very crucial in his administration’s efforts to complete and put to use critical agenda projects, as well as improve the general living conditions of our people.

‘‘It is in this regard that I must express my reservations about many of the changes that the National Assembly has made to the 2022 Executive Budget proposal.

‘‘Some of the worrisome changes are as follows:

‘‘Increase in projected FGN Independent Revenue by N400 billion, the justification for which is yet to be provided to the Executive;

‘‘Reduction in the provision for Sinking Fund to Retire Maturing Bonds by N22 billion without any explanation;

‘‘Reduction of the provisions for the Non-Regular Allowances of the Nigerian Police Force and the Nigerian Navy by N15 billion and N5 billion respectively.

‘‘This is particularly worrisome because personnel cost provisions are based on agencies’ nominal roll and approved salaries/allowances;

‘‘Furthermore, an increase of N21.72 billion in the Overhead budgets of some MDAs, while the sum of N1.96 billion was cut from the provision for some MDAs without apparent justification;

‘‘Increase in the provision for Capital spending (excluding Capital share in Statutory Transfer) by a net amount of N575.63 billion, from N4.89 trillion to N5.47 trillion.’’

President Buhari also expressed concern in the reductions in provisions for some critical projects, including N12.6 billion in the Ministry of Transport’s budget for the ongoing Rail Modernisation projects; N25.8 billion from Power Sector Reform Programme under the Ministry of Finance, Budget and National Planning; N14.5 billion from several projects of the Ministry of Agriculture, and introducing over 1,500 new projects into the budgets of this Ministry and its agencies.

Further, the President also expressed his reservations on the following:

‘‘Inclusion of new provisions totaling N36.59 billion for National Assembly’s projects in the Service Wide Vote which negates the principles of separation of Powers and financial autonomy of the Legislative arm of government.

‘‘The changes to the original Executive proposal are in the form of new insertions, outright removals, reductions and/or increases in the amounts allocated to projects.

‘‘Provisions made for as many as 10,733 projects were reduced while 6,576 new projects were introduced into the budget by the National Assembly.

‘‘Reduction in the provisions for many strategic capital projects to introduce ‘Empowerment’ projects.

‘‘The cuts in the provisions for several of these projects by the National Assembly may render the projects unimplementable or set back their completion, especially some of this Administration’s strategic capital projects.

‘‘Most of the projects inserted relate to matters that are basically the responsibilities of State and Local Governments, and do not appear to have been properly conceptualised, designed and costed.

‘‘Many more projects have been added to the budgets of some MDAs with no consideration for the institutional capacity to execute the additional projects and/or for the incremental recurrent expenditure that may be required.’’

President Buhari declared that it was surprising that despite the National Assembly increasing projected revenue by N609.27 billion, the additional Executive request of N186.53 billion for critical expenditure items could not be accommodated without increasing the deficit, while the sum of N550.59 billion from the projected incremental revenues was allocated at the discretion of National Assembly.

‘‘I signed the 2022 Appropriation Bill into law to enable its implementation to commence on 1st January 2022.

‘‘However, I will revert to the National Assembly with a request for amendment and/or virement as soon as the Assembly resumes to ensure that critical ongoing projects that are cardinal to this administration, and those nearing completion, do not suffer a setback due to reduced funding.’’

On COVID-19 and budget implementation, the President said despite the lingering adverse effects of the pandemic, he was happy with the success recorded in the implementation of the 2021 Budget.

‘‘The sum of N3.94 trillion that was provided for the implementation of capital projects by MDAs during the fiscal year has been released fully.

‘‘To enable MDAs to complete the implementation of their 2021 capital projects and optimise the impact of the capital budget on the economy, they have been allowed to continue to expend the funds released for their 2021 capital budgets till 31st March, 2022,’’ he said.

The President commended the understanding and speedy action of the National Assembly on this matter.

‘‘As the 2022 Budget will be the last full year budget to be implemented by our Administration, its effective implementation is very critical for delivering our legacy projects, promoting social inclusion and strengthening the resilience of the economy.

‘‘The Ministry of Finance, Budget and National Planning will implement all measures required to ensure timely and targeted release of capital votes.

‘‘All MDAs are to effect early commencement of project implementation, while ensuring productive use of funds provided for achievement of the objectives set for their sectors.

‘‘Considering the incidence of new COVID-19 variants globally, we will ensure timely implementation of measures provided for in the 2022 Budget to contain the spread of the virus and protect our people.

‘‘We continue to count on the collaboration of the State governments in our effort to protect the lives and livelihood of our people.’’

To achieve the laudable objectives of the 2022 Budget, President Buhari pledged that the Federal Government would further intensify revenue mobilisation efforts.

He expressed optimism in the ability of the Government to finance the budget considering the positive global oil market outlook and the continuing improvement in non-oil revenues.

‘‘To achieve our revenue targets, revenue generating agencies, and indeed all MDAs must ensure prompt and full remittance of collected revenues.

‘‘Relevant Agencies must also ensure the realisation of our crude oil production and export targets.

‘‘I also appeal to our fellow citizens and the business community at large to fulfil their tax obligations promptly.

‘‘However, being a deficit budget, the specific Borrowing Plan will be forwarded to the National Assembly shortly.

‘‘I count on the cooperation of the National Assembly for a quick consideration and approval of the Plan when submitted.

‘‘All borrowings will be judiciously utilised and invested in our future growth and prosperity.’’

The President also directed MDAs to liaise with the Bureau of Public Enterprises and/or the Infrastructure Concession and Regulatory Commission to explore available opportunities for public-private partnerships, concessions as well as climate finance arrangements to fast-track the pace of infrastructural development.

He thanked the Ministers of Finance, Budget and National Planning, the Budget Office of the Federation, and all who worked tirelessly and sacrificed so much towards producing the 2022 Appropriation Act.

‘‘Let me conclude by commending the understanding, sacrifice and resilience of our people during these challenging times.

‘‘As a Government, we remain committed to improving the general living conditions of our people.

‘‘We will continue to implement measures aimed at moderating the unintended negative effects of policies on the citizenry,’’ he said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National

Senator Kadiri eulogises ex-president Shagari for initiating Ajaokuta Steel company

Published

on

By

Share this story

***Says, Kogi governorship election was a sham

An All Progressives Congress (APC) stalwart, Senator Alex Kadiri has eulogised late former president, Alhaji Shehu Shagari for several infrastructural development initiated by his administration, notable among which is the conception and construction of the Ajaokuta Steel Company, in Kogi State.

Senator Kadiri who represented Kogi East in the Senate from 1999 to 2003 said the Shagari administration made giant strides towards the advancement of the Nigeria.

The steel complex which was said to have been about 90% completed in 1984 by late Nigerian first executive President Alhaji Shehu Shagari had been abandoned by successive administrations and the gigantic project has been lying fallow almost in the shadow of its potentials.

He lamented that if subsequent governments after the Shagari administration in 1983 had been sincere in completing the project, it would have taken Nigeria to its Eldorado.

Senator Kadiri spoke to journalists receltly in Abuja after a trip to his hometown Odu in Dekina, Local Government of Kogi State.

He urged Nigerians to pray for the late president Shagari because the level his government left Ajaokuta as the president of Nigeria is where it is today as he described the gigantic project as a national disgrace and shame.

“Nigerians, we are so wasteful, so indecent. I don’t think Nigerians deserves any good thing,” he said.

He said the road leading to Lokoja the Kogi State capital has been under construction for the past seventeen years, yet the road has no portion that can be said to have been concluded.

“There’s no other state capital that looks like mine. Which was also the first country’s capital. I passed through that road with tears in my eyes.
“It’s very unfortunate for me that my party is APC. It has not done any thing across the river Niger for the past eight years.

“God knows, we know, If this is democracy, then we are not practicing such in that part of kogi state. Nigerians resources were just wasted by INEC by conducting a sham election.

“Once I arrived at my village, everyone was looking very frail and impoverished and dispirited in a country in which they live. They can’t go elsewhere, they’re stuck.

“I’m even mocked by my children about the fact that I speak about such things and I’m being paid with a deaf ear. They feel that I’m criticizing the government too much and should just keep quiet like every other person, because that’s what Nigeria wants.

“Nigerians are bing treated like conquered slaves. We’ve not conquered Nigerians. We’ve not conquered Kogi State. We’ve not conquered the Igala people. We’ve not conquered the individuals. We’ve forced them and this force cannot be sustained.”

According to him, the November 11, governorship election was a rape of democracy as nobody voted for anyone, adding that there was no election.

“The government will feel like, they in control of all the local governments, we’ve all the councils, all the chairmen.
He pleased with God to forgive him, his family because we know not what we’re doing. We’re taking Nigerians as nothing, and in fact they have no choice. They can’t protest.

He blamed the National Assembly members from Kogi State who want to play roles of the executive.

“They now want to construct boreholes, roads, schools and so on, which are the functions of the executive. They are supposed to make laws for good governance of the country, the state and the local governments. They are not expected to do such.”

Continue Reading

National

ACF chairman makes case for host communities to get 13% revenue derivation 

Published

on

By

Share this story

**Says Governors have been misappropriating the monies

The Arewa Consultative Forum, (ACF) chairman, Architect Gabriel Aduku has appealed to President Bola Ahmed Tinubu to ensure that the 13% Revenue derivation is not given to States but for communities bearing oil and other mineral resources.
He said the monies should be directly given to the communities instead of their State governments

Aduku who was a former Minister of Health was also an elected member of the Abacha’s Constitutional Conferece between 1994 to 1995 where he was the chairman of the Revenue Allocation committee which was on the schedule.

“So for this particular 13% revenue derivation Formular I will appeal to the president of the country to ensure that the governors have nothing to do with it.

He said, Tinubu who himself is experienced in governance as a two term Governor of Lagos State, a former senator and is a person that has mixed with people to reconsider the implementation and ensure that the host comunities benefit directly.

“The implementation of these should be strictly put together. The governors will have nothing to do with the derivation of thirteen percent fund that is in the constitution, its for all the communities that are affected. 

He said the derivation is good but  implementation had been the problem. “Many of the governors thereafter saw money and they would look at what to do, they would prefer to do the things themselves rather than give it to the people that are affected for the purpose for which it is derived. 
“So that has been wrong, it became a major problem and one of the problems in Nigeria since the 13% revenue derivation came into law during the administration of Obansanjo in particular.
“We have seen what some governors have done with it and it encourages them to aspire to become President of Nigeria since they have money now. They use money making a factor for democracy so unfortunately it’s one of the evils that have eaten up this country. 

“But it can be simply managed if only there is sincerely of purpose in the people. So I submit again that the derivation factor is a blessing to Nigerians, and in all other considerations it affects the people, because governance is about the people, not about individuals, how much one can make out of it, or how much their friends made out of it. 

He said Implementation of ideas or critical decisions for the progress of this country has been bedeviled overtime and it appears to continue to get worse. “So my candid input is that we should ensure that that particular 13% is allocated to the communities, by identifying the communities and putting an instrument, a management instrument that will be composed of people of integrity within the communities.  
“And when they put themselves together they should constitute their leadership themselves, and such leadership can only be supervised by the government of the State and that of the federation on how that resource of thirteen percent is used within the communities.

“The interesting thing is that discussion were taken, we made an agenda for it and more of it was amicably discussion all through. 

“Cardinal among the issue is the decision which is the derivation factor. Derivation factor from our search and researches has been on even during the self government of Northern Nigeria, western Nigeria, Eastern Nigeria and so on. 

“Derivation were being applied to manage resources. We found out that derivation is important and so it should come to play in what we are doing. 

“So in the course of our meetings and so on the 13% derivatives formular became necessary for the areas of oil production of which at that time were mineral contributing States substantially to the nation’s economy.
He said the approval was given and it was organised and members of the committee travelled to the oil bearing areas in Portharcourt in the South South, warri for a physical visit to the sites where we can observe for ourselves the extent of damage the exploration has caused the people, the pollution of the natural water, the danage to the arable lands and so on
He said after their trip they settled to discuss the issue of 13% derivation as basis for revenue allocation.
According to him, the Olu of Warri at that time after they explained their mission to him and what they had done so far, asked what the committee had seen. 
He provided an aircraft to come or one of those oil expert to come and take to go and see more. 
“That’s how he provided for us and got the oil companies to aid us to see these sites and that’s why we were able to fly over areas where the oil exploitation was carried out, including areas where gas flaring took place and we could see the effect. 
“We flew round and in fact came as near as certain points where they were habitations within the area of this gas flaring. We saw people living in some kind of islands on top of the river.
“The effect of the oil was very obvious on the water. So we had the opportunity of seeing quite a bit of what was going on, and it made our discussion a little more fascinating for everyone that was in the committee, in the sense that we could appreciate the difficulties that people who lived in those areas were facing.

“Their water polluted, their atmosphere polluted. So there’s definitely need to take care of these people who by nature are already living in that area. They were pockets of agricultural activities but you could see certain areas where the agricultural activities were also affected by the oil spillage all around. 

“This is not to talk of the open naked water that is polluted, and that’s where they drink water from. So we could imagine their difficulties. By the time we came back through Ajaokuta, because the same Olu of warri provided us an aircraft which could land on water and on ground. 

“So it was easy for us to come back through Ajaokuta, so we landed on river Niger in Ajaokuta, at the Julius Berger’s port. 

“It was amazing for the members. Most of the members had never really travelled South to see things,

not to talk of with an aircraft that lands on water and then goes like a boat to the port, and then drop us and went back. 

“By the time we met at Ajaokuta and reviewed the situation in Ajaokuta we could only sympathise that Nigeria has the opportunities, but are we tidying them up?. It made our discussion, again a lot easier with full attention of my members most of the time. 

“We got a resolution that says final resolution apart from details. It is to say that for all, the Revenue Allocation will be based on derivation. 

“The derivation factor we arrived at was, not less than 13% of the minerals produced in that area which should go back to service the people. 

“That is the ultimate aim. Looking at the sufferings of the people. The first set of governors that were to utilise the place was shortly after Abdulsalam’s administrstionAnd when they got in there was derivation factor of course had gone in and it should go to the states that are affected that’s how it was simply put. 

Today the surprising thing is that Abacha’s regime was not accorded the opportunity of turning that conference outcome into reality because of the change that occurred. “And we could see that because of the value of that derivation committee work the regime of Abdulsalam decided to extract that portion, and carry on. 

“And that is why it is today in the constitution which is being used and of course the normal ammendment today is resolved into the Petroleum bill as we started. 

“So the background is very interesting and I’m happy that I chaired that controversial issue and it has become a reality and it should be applied. 

“Now Nigeria has a problem as some of us have observed in all sectors the problem of implementation. 

Why do we have that? We have loaded ourselves with so much of insincerity and lack of purposefulness of what we are to do to manage our country, we lost it. 

“With the insincerity, indiscipline, it has resulted into what we’re having now,Total insecurity that is destroying our development. By the time we analyse this in things that is insincerity, indiscipline that is equating to insecurity, we are not very safe. 

“But the intentions have always been there a lot of desires are all in the cupboards of all governments ,but implementation is. So we saw it coming.”

“Today, I find myself in kogi state and I chaired that occasion. Kogi state has become the only state in the North that has been marked as oil producing state after some protractions here and there but at last it is there. 

“I would like to give you the insight on how this implementation should be carried out just in the way I have said it. 

“We have traditional leadership which was established before the colonial times and we have a head of it of which we call the Atta of Igala. “The area of petroleum that came out is in his domain, Ibaji area, so to say and there are several locations that are very close to it. 

“The communities are obvious and whatever derivation comes out of it should directly be used in the interest of the people through the community administration, native authorities administration.

“That is how we grew up, that is how we saw sense in using and enjoying government facilities and caring for it. So the idea of sincerity of purpose has to come into administration of these resources otherwise it can be another blow”

Continue Reading

National

FG says it will set aside over 1.2m metric tonnes of wheat for National Food Reserve

Published

on

By

Share this story

By Ahmed Rufa’i, Dutse

In its effort to curtail overdependence on importation of Wheat from foreign countries, the federal government has projected to add over 1.2 million metric tonnes to the national food reserve at the end of 2023/2024 dry season wheat farming.

Minister For Agriculture and Food Security, Senator Abubakar Kyari made the disclosure on Saturday while flagging off the 2023/2024 national Wheat productions policy at Kadume village of Hadejia local government, Jigawa state.

He indicated that over 100,000 hectres would be cultivated this year to limit the country’s dependence on importation of the product.

Senator Abubakar Kyari said over 250, 000 farmers are to benefit from the federal government support to achieve production of over 1,250,000 metric tones across the nation.

The minister explained that, the flagging off of the program is a key activity in the implementation of federal government food security policy.

He noted that 100,000 hectres are targeted under the 2023/2024 national dry season Wheat productions policy, and a special package for 50 percent subsidy was designed for the registered farmers and their cluster.

“The registered farmers will be given free seeds while other inputs will be sold to them at 50 percent subsidy, aims at enhancing their capabilities to implement the program.

“Under the Federal Government policy we want improve our crops yields by 20 percent this year, with Wheat outputs targeted at 400,000, to 500,000 tones. Equally we will gradually continue to improve our irrigation facilities to diversify crops production for achieving food security, Jobs creation, growth and development “.

The Minister commended the commitments demonstrated by Jigawa state government and it’s farmers which proved to federal government that the state is a key and a reliable partner in achieving federal government food security policy, jobs creation and poverty eradication.

In his speech the JIgawa State governor, Malam Umar Namadi has called on the federal government to accelerate the completion of the Hadejia Valley Irrigation Project with potential irrigable area of over 25,000 hectares.

The governor said the area has the capacity to significantly deliver the Food Security objective of President Tinubu’s Renewed Hope Agenda.

Malam Umar Namadi explained that the Hadejia Valley Project, which was initiated by the Late Shagari Administration in the early 1980s, is still less than 25% completed after almost four decades.

According to him “Following a flag-off of the project performed in 2018, it is noteworthy that earlier this year, former President Muhammad Buhari has commissioned the successful completion of a segment of the Project covering about 6,000 hectares”.

The governor maintained that “There is no doubt that has significantly contributed to our quest for food security, job creation, and economic diversification. Despite this significant stride, however, there is still a long way to go considering the Project’s potentials. It is my prayer that the Tinubu Administration will make history by completing the project 100%.”

The governor note that the elaborate flag-off event as blessed by the presence of all these dignitaries underscores the priority attached to the Program which is critical to the attainment of State’s and National Development objectives of food security, economic diversification, and empowerment of the citizens.

He added that as many of us are aware, the Wheat Development Program an integral part of the Renewed Hope Agenda of President Bola Ahmed Tinubu aimed at accelerating the Nation’s drive to achieve food security.

It also perfectly aligns with several aspects of our 12-Point Agenda for Greater Jigawa particularly as it affects food security, economic diversification, job creation, provision of sustainable means of livelihoods for the citizens, and overall poverty reduction.

Accordingly, both the Federal Government and the Government of Jigawa State have accorded a topmost priority to the Program for which all hands would be on deck to ensure its success.

“Over the years, Jigawa State has successfully pursued an Agricultural Transformation Agenda which has significantly contributed to our Nation’s quest for food security and economic diversification”.

Malam Namadi stated further that, “Today, Jigawa State is a leading producer of rice, sesame, and hibiscus among many other crops. One of the resolutions under our 12-Point Agenda is to ensure full exploitation of the Jigawa State’s agricultural potentials through all-year round production by bringing more of our fadama lands under cultivation, gradual expansion of our irrigation facilities, and mobilizing our teeming youths into Agriculture and its entire value chain”.

He emphasized that the Wheat development programme partnership with the Federal Government is in line with state the government’s resolve to sustain progress and build on previous achievements of the agricultural transformation agenda. “It is in line with our objective to sustainably improve the socioeconomic well-being of our citizens.”

“I am also truly delighted by the choice of Jigawa State as the primary focal State for the Wheat Development Program. It is common knowledge that Jigawa State is the heart of wheat production in Nigeria with potential to provide up to 200,000 hectares for wheat production. “

Continue Reading

Trending