Connect with us

NATIONAL NEWS

Why we increased fiscal deficit by N53bn – Reps

Published

on

Reps rejects forensic audit bill

[ad_1]

Chairman of the House Committee on Appropriations, Mustapha Dawaki, Tuesday, disclosed that the fiscal deficit encapsulated in the 2019 Money bill was increased by N53 billion (or 1.3%) in order to accommodate critical expenditures.

The newly introduced ‘special intervention’ subheads captured by the House and Senate through resolution include: N24.6 billion for severance benefits for the outgoing lawmakers and legislative aides, furniture allowances, as well as induction and inauguration of the 9th Assembly.

In addition, the sum of N10 billion was provided for security agencies to tackle the insecurity in Zamfara state, N3 billion for additional salaries of legislative aides not provided for in the previous appropriations, among others.

While giving highlights of other components of the N8.907 trillion approved for the 2019 fiscal year,
Dawaki (APC-Kano) explained that the the sum of N500 billion for Special Intervention programme under the Service Wide Vote and additional sum of N100 billion for special intervention programme proposed by the Executive for under capital supplementation as well as $60 crude oil price N305/$ exchange rate and 2.3mbpd oil benchmark were retained.

He also noted that the $60 oil price was retained considering the volatility of the oil at the international market and, argued that the country will have buffer to contain any eventual crash in the oil price.

The 2019 Appropriation bill was increased from N8.827 trillion to N8.917 trillion showing an increase of N90,327,519,458.

The clause-by-clsuse consideration and adoption of the report carried out at the Committee of Supply chaired by Speaker Yakubu Dogara.

Dawaki who gave the breakdown of the budget during a press briefing held in Abuja, said: “This is because there are so many outstanding items not captured in the proposal. For instance, there was a Senate resolution for special intervention of N10 billion in Zamfara due to the crisis that occurred there.

“Also not captured but equally critical was the severance benefits of outgoing legislators and their aides.

“This severance packages always occurred once in four years, in the transition years and this amounted to N24.6 billion, N3 billion was also included in the budget for the payment of allowances arrears of legislative aides, it was not also captured initially.

“We also provided additional funds for security agencies across board because we believed that more funds would improve the discharge of their responsibilities.

“All these were captured under Capital Supplementation from Service Wide vote”.

On why the passage of the bill is coming this late in the year since the N8,826,636,578,915 proposal was transmitted to the National Assembly on 18 December, 2018, the lawmaker said Government Ministries, Departments and Agencies (MDAs) should be blamed as they refused to turn up for budget defense and presentation session.

He assured that the clean copy of the harmonised appropriation bill will be transmitted to President Muhammad Buhari tomorrow for assent.

According to him, all Ministries, Departments and Agencies (MDAs) have been directed to roll over 40% o their capital expenditure, adding that the Executive has the responsibility to revert back to the National Assembly if there’s any shortfall in the realization of the revenue projection.

[ad_2]

Source link

Continue Reading
Click to comment

Leave a Reply

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

CATHOLIC WORLD

Killing of Christians: Buhari lied to Trump – CAN fumes

Published

on

Killing of Christians: Buhari lied to Trump - CAN fumes

The Christian Association of Nigeria (CAN) has reacted to President Muhammadu Buhari’s revelation of his conversation with United States President, Donald Trump, on the massacre of Christians in Nigeria, saying President Buhari was economical with the truth.

President Buhari had on Tuesday, revealed that at the heat of the bloody clashes between herdsmen and farmers in Nigeria, the United States President, Donald Trump, unequivocally accused him of killing Christians.

Buhari said these in his closing remarks at the two-day ministerial performance review retreat held at the Presidential Villa, Abuja on Tuesday.

At a point, the President digressed from his prepared speech and narrated his encounter with Trump on the bloody clashes.

He said he managed to explain to the American leader that the clashes were not about ethnicity or religion.

He said, “I believe I was about the only African among the less developed countries the President of United States invited.

“When I was in his office, only myself and himself, only God is my witness, he looked at me in the face, and asked, ‘Why are you killing Christians?’

“I wonder, if you were the person, how you will react. I hope what I was feeling inside did not betray my emotion, so I told him that the problem between the cattle rearers and farmers, I know is older than me not to talk of him. I think I am a couple of years older than him.

“With climate change and population growth and the culture of the cattle rearers, if you have 50 cows and they eat grass, any root, to your water point, then they will follow it. It doesn’t matter whose farm it is.

“The First Republic set of leadership was the most responsible leadership we ever had. I asked the Minister of Agriculture to get a gazette of the early 60s which delineated the cattle route where they used meager resources then to put earth dams, wind mills even sanitary department.

“So, any cattle rearers that allowed his cattle to go to somebody’s farm would be arrested, taken before the court. The farmer would be called to submit his bill and if he couldn’t pay, the cattle would be sold, but subsequent leaders, the VVIPs (very important persons) encroached on the cattle routes. They took over the cattle rearing areas.

“So, I tried and explained to him (Trump) that this has got nothing to do with ethnicity or religion. It is a cultural thing.”

However, CAN’s Vice President and Chairman of the association in Kaduna State, John Hayab, was not impressed with Buhari’s submission, saying “Buhari and his government will never stop from amusing us with their tales by moonlight because what is happening in Zamfara, Sokoto, Katsina, Birnin Gwari, Southern Kaduna, Taraba, Plateau and others cannot be described as a cultural thing.

He told Punch correspondent in an interview: “President Buhari’s weak story about his conversation with President Donald Trump further confirms why his government does not care about the killings in our country by calling them cultural things.

“Just this (Tuesday) evening, I received a report from the Kaduna Baptist Conference President about the number of their members that have been killed by bandits in Kaduna State from January 2020 to date to be 105 and our President will call it a cultural thing? All we can say is may God save our Nigeria.”

Continue Reading

NATIONAL NEWS

CAMA: Bishop blasts Christian lawmakers

Published

on

CAMA: Bishop blasts Christian lawmakers

The Catholic Bishop of Nsukka, Most Rev. Godfrey Onah, has blamed Christians in the National Assembly (NASS), for the passage of the 2020 Companies and Allied Matters Bill (CAMA), signed into law by President Muhammadu Buhari recently.

Bishop Onah, said in a remark during the Sunday Mass that if Christians in NASS had opposed the bill, it would not have been passed into law.

President Muhammadu Buhari had on Aug. 7, signed the CAMA bill into law, giving provision for religious bodies and charity organizations to be regulated by the registrar of the Corporate Affairs Commission (CAC), and a supervising minister.

“The question many Christians have been asking is, where were Christian legislators during the debate of this bill and its passage in the National Assembly?

“Because, if they had opposed this bill on the floor of the house, it would not have been passed and sent to the president for assent.

“I blame Christian legislators for doing nothing and allowing the passage of the 2020 CAMA Act,” he said.

“When I say that Christians are too divided and too selfish, don’t forget that the second in command in this country is a Senior Advocate of Nigeria, a professor of Law and a pastor.”

Onah, however, wondered what the Federal Government wanted to achieve in monitoring how the finances of churches in the country are managed when it contributed no dime to the church, NAN reports.

“Government should focus and monitor its ministries, agencies and other government institutions where it budgets billions of Naira annually and not church offerings.

“Had it been that the government gave allocations to churches and decided to monitor its usage, nobody will question the government,” he said.

Continue Reading

NATIONAL NEWS

Nigerians spit fire over fuel, electricity prices hike

Published

on

Increasing Fuel and Electricity Prices

Anger and condemnations, across the country, have continued to trail last week’s take off, of new increases in pump price of petroleum products and electricity tariffs, as directed by Federal Government.

Recall that the Petroleum Products Marketing Company (PPMC) official, D.O. Abalaka announced on Wednesday September 3, on behalf of Nigerian National Petroleum Corporation (NNPC) that the new price of petroleum is now N151.56k per litre instead of N149 – N150 per litre which it was previously.

The new electricity tariff which the Nigerian Electricity Regulatory Commission (NERC) tagged “Service Reflective Tariff” has also come into effect. It requires consumers to pay N53.87 – N66.422 per kwh of electricity.

Outraged consumers of fuel and electricity have therefore warned government to get ready for collision with the masses if it fails to rescind these new prices.

Those who have expressed outrage over the new prices regimes include, the Organized Labour, Nigerian Labour Congress (NLC), Nigerian main opposition political party, Peoples Democratic Party (PDP), Nigeria Employers Consultative Association (NECA) and the Major Marketers Association of Nigeria (MOMAN).

Others are: Petroleum Products Retail Outlets Owners Association of Nigeria, the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigerian Association of Chambers of Commerce (NACCIMA).

The NLC said, “The frequent fuel price increase will no longer be accepted. We will not allow Nigerians fall victim of government ineptitude and negligence to make the country self-sufficient in terms of refining petroleum products at home.”

On its part, the PDP has described the price hike as “callous, cruel and punishing” and demanded an immediate reversal to avert a national crisis.

The All Industrial Global sees the incessant increase as a confirmation that deregulation means just price increase.

“This is unacceptable! Under a pandemic, we should put money in the pockets of citizens to revive collapsed livelihoods and preserve lives.” In its reaction, NECA said it has always urged Federal Government to adopt deregulation policy in the oil and gas downstream sector.

The MOMAN in its statement insists that monthly price variation of fuel was no longer sustainable. It urged PPRA to adopt quarterly price mechanism which would save the market the hassles of price volatility. The statements by IPMAN and NACCIMA also followed along the same line that the hike “…serves only to increase the severity and duration of the looming economic recession.”

Continue Reading

Trending