Connect with us

News

Why I signed 2023 appropriation bill into law– Buhari

Published

on

President Muhammadu Buhari said yesterday that he signed the 2023 Appropriation Bill into law despite observing changes in the budget proposal by the National Assembly to allow the transition process go on smoothly without any hindrance.

According to the president, the National Assembly added additional revenue of N765.79 billion to the appropriations bill while the funding of the budget deficit was also increased by additional N553.464 billion

He said that is very clear that the National Assembly and the Federal Executive Council need to agree on some of the proposed additional revenue sources in the fiscal budget. He added, this must be rectified.

He said he also noted that the NASS introduced new projects into the 2023 budget proposal to which they appropriated N770.72 billion

“The National Assembly also increased the provisions made by ministries, Departments and agencies by N58.55 billion.”

“Nonetheless, considering the imminent transition process to another democratically elected government, I decided to sign 2023 appropriation bill into law as passed by the National Assembly, to enable  implementation to commence without delay.”

He said he has, however, directed the minister of Finance and National Planning to engage the legislatures to revisit some of the changes made in the budget proposal. “Is my hope that she will receive co-operation”

Speaking at the signing of the eighth and final annual budget of this Administration, the President said the aggregate expenditures of N21.83 trillion, is an increase of N1.32 trillion over the initial Executive Proposal for a total expenditure of N20.51 trillion.

President  Buhari explained that the 2022 Supplementary Appropriation Act would enable the administration to respond to the havoc caused by the recent nationwide floods in the infrastructure and agriculture sectors.

He also said the Minister of Finance, Budget and National Planning will subsequently provide more details of the approved budget and the supporting 2022 Finance Act.

He, however, directed the Minister of Finance, Budget and National Planning to engage with the Legislature to revisit some of the changes made to the Executive budget proposal, expressing the hope that the National Assembly will cooperate with the Executive arm of Government in this regard.

He urged the National Assembly to reconsider its position on his proposal to securitize the Federal Government’s outstanding Ways and Means of balance at the Central Bank of Nigeria (CBN).

” As I stated, the balance has accumulated over several years and represents funding provided by the CBN as lender of last resort to the government to enable it to meet obligations to lenders, as well as cover budgetary shortfalls in projected revenues and/or borrowings,” he said.

” I have no intention to fetter the right of the National Assembly to interrogate the composition of this balance, which can still be done even after granting the requested approval.”

” Failure to grant the securitization approval will however cost the government about N1.8 trillion in additional interest in 2023 given the differential between the applicable interest rates which is currently MPR plus 3% and the negotiated interest rate of 9% and a 40year repayment period on the securitised debt of the Ways and Means.”

To ensure more effective implementation of the 2022 capital Budget, President Buhari thanked the National Assembly for approving his request for an extension of its validity date to 31st March 2023.

The President directed the Ministry of Finance, Budget and National Planning to work towards the early release of the 2023 capital votes to enable Ministries, Departments and Agencies to commence the implementation of their capital projects in good time to support efforts to deliver key projects and public services as well as improve the living conditions of Nigerians.

Reiterating that the 2023 Budget was developed to promote fiscal sustainability, and macroeconomic stability and ensure a smooth transition to the incoming Administration, the President said it was also designed to promote social inclusion and strengthen the resilience of the economy.

He pledged that adequate provisions have been made in the Budget for the successful conduct of the forthcoming general elections and the transition programme.

On achieving revenue targets for the budget, the President directed MDAs and Government Owned Enterprises (GOEs) to intensify their revenue mobilization efforts, including ensuring that all taxable organizations and individuals pay taxes due.

To achieve the laudable objectives of the 2023 Budget, the President said relevant Agencies must sustain current efforts towards the realization of crude oil production and export targets.

” To augment available fiscal resources, MDAs are to accelerate the implementation of Public Private Partnership initiatives, especially those designed to fast-track the pace of our infrastructural development,” he said.

” This, being a deficit budget, the associated Borrowing Plan will be forwarded to the National Assembly shortly.”

” I count on the cooperation of the National Assembly for a speedy consideration and approval of the Plan.”

On the Finance Bill 2022, the President expressed regret that its review as passed by the National Assembly is yet to be finalized.

” This is because some of the changes made by the National Assembly need to be reviewed by the relevant agencies of government. I urge that this should be done speedily to enable me to assent into law,” he said.

Those who witnessed the signing of the budget include Senate President Ahmad Lawan and the Speaker of the House of Representatives, Femi Gbajabiamila.

The President thanked the Senate President, the Speaker of the House of Representatives, and all the distinguished and honourable leaders and members of the National Assembly for the expeditious consideration and passage of the Appropriation Bill.

He also recognised the roles played by the Ministers of Finance, Budget and National Planning, the Budget Office of the Federation, the Senior Special Assistants to the President (Senate and House of Representatives), the Office of the Chief of Staff, as well as all who worked tirelessly and sacrificed so much towards producing the 2023 Appropriation Act.

” As I mentioned during the presentation of the 2023 Appropriation Bill, early passage of the budget proposal is critical to ensure effective delivery of our legacy projects, a smooth transition programme and effective take-off of the incoming Administration.

” I appreciate the firm commitment of the 9th National Assembly to the restoration of a predictable January to December fiscal year, as well as the mutual understanding, collaboration and engagements between officials of the Executive and the Legislative arms of government.

” These have made the quick consideration and passage of our Fiscal bills possible over the last four years.”

The President expressed the belief that the next Administration would sustain the early presentation of the annual appropriation bill to the National Assembly to ensure its passage before the beginning of the fiscal year.

” I firmly believe the next Administration will also sustain the current public financial management reform efforts, further improve the budgeting process, and particularly maintain the tradition of supporting its Appropriation Bills with Finance Bills designed to facilitate their implementation.

” To sustain and institutionalize the gains of the reforms, we must expedite action and conclude work on the Organic Budget Law for it to become operational before the end of this Administration.”

Acknowledging that ‘‘these are challenging times worldwide,’’ the President concluded his speech at the ceremony by expressing deep appreciation to Almighty God for His Grace while commending the continuing resilience, understanding and sacrifice of Nigerians in the face of current economic challenges.

” As this Administration draws to a close, we will accelerate the implementation of critical measures aimed at further improving the Nigerian business environment, enhancing the welfare of our people and ensuring sustainable economic growth over the medium- to long-term,” he said.

News

Ribadu to declare open workshop on 21st century policing

Published

on

The National Security Adviser, Mallam Nuhu Ribadu, is billed to declare open a two-day workshop on “21st Century Policing: Capacity Building Techniques and Brand Management for Security Image Makers,” which begins on Wednesday 24 April, 2024 in Abuja, the Federal Capital Territory.

The Chief of Defence Staff, Gen. Christopher Musa, will give the keynote address while Chief Executive Officer of Halogen Security Services, Chief Wale Olaoye, is the Special Guest of Honour.

The workshop is packaged by the Anti-Corruption Academy of Nigeria (ACAN), the training arm of the Independent Corrupt Practices and Other Offences Commission (ICPC), in collaboration with Fountain Bloom Limited, a Lagos-based strategy and development outfit.

The ICPC Chairman, Dr. Musa Adamu Aliyu, SAN, will deliver the welcome address while the ACAN Provost, Prof. Olatunde Babawale, is the Chief Host.

Participants are drawn from the Nigerian Army, Navy, Air Force, the Police, National Drug Law Enforcement Agency, Nigeria Correctional Service, Nigeria Immigration Service, Nigeria Customs Service, Federal Road Safety Corps, Nigeria Security and Civil Defence Corps, Federal Fire Service and registered private security organisations.

Resource persons who will deliver papers include Deputy Inspector-General of Police, Mr. Frank Mba; celebrated columnist and former Editor of PUNCH newspapers, Mr. Bola Bolawole; one-time Permanent Secretary, Lagos Television, Mr. Lekan Ogunbanwo and retired Director at the ICPC, Mrs. Rasheedat Okoduwa.

Papers will be delivered on the Challenges of Media Management and Public Affairs in Crisis and Emergency Situations; Crafting impactful Press Statements, Opinion articles and Speeches; Conference Organisation and Documentary Production for Optimum Publicity; Quality Assurance as Essential Element of News Copy; Sustaining audience Interest in Broadcast News and Documentary and Contents in Public Relations Question; Social Media and In-house Publication for Desired Effect.

The workshop will address critical aspects of the officers’ job schedule to further strengthen their work performance in accordance with the present administration’s policy objectives.

It will also sensitise participants to their duties and responsibilities in a democratic setting, with a view to reducing tension inherent in the interface with their various publics.

At the end of the workshop, participants would have had an improved understanding of image-making strategies, reputation management techniques, identity and personality interpersonal communication formulas, attitudinal change and behaviour modification patterns that will further enhance their capacity to interface with their various publics.

 

Continue Reading

News

ITF launches ‘SUPA’ initiative to empower five million Nigerian artisans

Published

on

In a bid to enhance the skills and opportunities of Nigerian artisans, the    Industrial Training Fund (ITF) has introduced a groundbreaking initiative called “Skill-up Artisans (SUPA).”

The Director-General of ITF, Dr. Afiz Oluwatoyin Ogun unveiled the SUPA initiative yesterday during the organisation’s 2023 Annual Merit Award ceremony in Jos, Plateau State.

Dr. Ogun emphasised that SUPA will revolutionise the artisan sector by providing training, certification, and licensing to artisans across Nigeria, thereby improving their employability and standard of living.

This transformative program aims to upskill, license, and empower up to 5 million artisans within a year, offering them better prospects both locally and internationally.

The implementation of SUPA involves the comprehensive collation of data on Nigerian artisans, identifying areas where training is needed, and facilitating certification processes.

However, the initiative has already registered thousands of artisans, with ongoing efforts to reach out to more individuals interested in enhancing their skills.

One notable aspect of SUPA is the establishment of a dedicated call center, operational round-the-clock, to address inquiries from the public and provide essential information about the program.

Dr. Ogun emphasised that SUPA underscores the Nigerian government’s commitment to promoting economic development and uplifting the standard of living for citizens nationwide.

“It is intended to drive national development, ensure the availability of skilled artisanal workers for domestic industries, and create a sustainable pipeline for labour exports. It will equally boost the pool of local artisans with proficiency in diverse skills, among other benefits,” he mentioned.

The Director-General called on the state governments, the organised private sector, non-governmental organisations, faith-based organisations, and well meaning Nigerians to collaborate with the ITF in an effort to revitalise the Nigerian economy, especially in the area of SUPA.

On the implementation of skills intervention programs, Dogun pointed out that ITF has so far trained over 42,000 Nigerians who were empowered with start-up packs under the National Industrial Skills Development Programme (NISDP), Women Skills Empowerment Programme (WOSEP), Skills Training and Empowerment for the Physically Challenged (STEPP-C), Construction Skills Empowerment Program (CONSEP), N-BUILD, Project T-Max, Modular Skills Development, and Technical Skills Development Program (TSDP) in collaboration with the Nigerian Employers’ Consultative Association (NECA).

He added that in the area of direct training and capacity development for MSMEs, the Fund implemented 565 scheduled and unscheduled training programs for 11,992 organisations from 908 organisations.

“In addition, we carried out performance and productivity improvement surveys for 48 companies and developed 35 training programs, of which 28 were implemented. Similarly, in appreciation of the importance of MSMEs to Nigeria’s economic growth, the Fund conducted monitoring and evaluation of MSMEs clinics for 241 participants and provided business support services and business needs assessments for 159 and 254 MSME operators, respectively.”

Continue Reading

News

Illegal arms: Kaduna Police seek collaboration with residents to end banditry

Published

on

…Nabs notorious gun runners, recover firearms

By Austine Emmanuel, Kaduna

Kaduna State Police Command has called on residents to remain vigilant and cooperate with law enforcement agencies in the fight against illegal arms proliferation and criminal activities.

The Commissioner of Police, Kaduna State Command, CP Ali Audu Dabigi made the call in a statement issued to journalists in Kaduna on Monday by the Police Public Relations Officer, PPRO, ASP Mansur Hassan.

The statement said the command had arrested some notorious gun runners and recovered sophisticated weapons.

According to Hassan, the Command’s operatives acted on credible intelligence and intercepted one Alkali Danladi, a 45-year-old man of Ungwan Hayatu Village, Yarkasuwa, Lere LGA, who was suspected of engaging in the illegal supply of firearms to bandits, he was arrested while coming from Jos, Plateau State.

He said Mr. Danladi, during the interception was found to have concealed several prohibited firearms, including one fabricated AK-47 rifle, five fabricated revolver rifles, and two fabricated pistols. Additionally, working tools such as fliers, screwdrivers, spanners and as well as charms, were discovered in his possession.

“The Kaduna State Police Command reports a significant development in the ongoing efforts to curb crime within the state, with the arrest of a notorious gunrunner and the recovery of prohibited firearms.

“On April 4th 2024, at about 0600hrs, diligent police operatives, acting on credible intelligence, intercepted one Alkali Danladi, aged 45, of Ungwan Hayatu Village, Yarkasuwa, Lere LGA, at Tsurutawa Village along the Kaduna-Jos Highway. Mr. Danladi was suspected of engaging in the illegal supply of firearms to bandits. He was arrested while coming from Jos, Plateau State.

“During the interception, Mr. Danladi was found to have concealed several prohibited firearms, including one fabricated AK-47 rifle, five fabricated revolver rifles, and two fabricated pistols. Additionally, working tools such as fliers, screwdrivers, and spanners, as well as charms, were discovered in his possession.

“Further investigation led to the arrest of one Gayya Koddi, aged 40, of Bundu Dingi Village. However, two suspects are still at large.

“The Kaduna State Police Command, under the leadership of Commissioner of Police CP Ali Audu Dabigi, assures the public that efforts are ongoing to apprehend the remaining culprits.

“The CP also urges citizens to remain vigilant and cooperate with law enforcement agencies in the fight against illegal arms proliferation and criminal activities,” he said.

Continue Reading

Trending