Headlines
President Buhari assents N9.12trn 2018 Budget
By joseph inokotong
President Muhammadu Buhari has signed into law the 2018 N9.12 trillion Appropriation Bill, which makes provision for government spending for the fiscal year.
Buhari who signed the Budget at a brief ceremony at the State House, Aso Rock, Abuja expressed concern over certain changes made by members of the National Assembly over the initial proposals sent last year in the Appropriations Bill.
I would like to thank the leadership of the National Assembly, particularly the Senate President and the Speaker of the House of Representatives, as well as all the Distinguished Senators and Honourable Members, for passing the 2018 Appropriation Bill, after seven months.
The President said: “When I submitted the 2018 Budget proposals to the National Assembly on 7th November 2017, I had hoped that the usual legislative review process would be quick, so as to move Nigeria towards a predictable January-December financial year. The importance of this predictability cannot be overemphasized.
“While the Federal Government’s budget represents less than 10% of aggregate yearly expenditures in the economy, it has a very significant accelerator effect on the financial plans of other tiers of government, and even more importantly, the private sector, which mostly operates on a January-December financial year.
“Notwithstanding the delay this year, I am determined to continue to work with the National Assembly towards improving the budgeting process and restoring our country to the January-December fiscal cycle.
“I note, with pleasure, that the National Assembly is working on the enactment of an Organic Budget Law, so as to improve the efficiency of the nation’s budgetary process.
“As I mentioned during the presentation of the 2018 Appropriation Bill, we intend to use the 2018 Budget to consolidate the achievements of previous budgets and deliver on Nigeria’s Economic Recovery and Growth Plan (ERGP) 2017-2020.
“It is in this regard that I am concerned about some of the changes that the National Assembly has made to the budget proposals that I presented. The logic behind the Constitutional direction that budgets should be proposed by the Executive is that, it is the Executive that knows and defines its policies and projects.
“Unfortunately, that has not been given much regard in what has been sent to me. The National Assembly made cuts amounting to 347 billion Naira in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to 578 billion Naira.
“Many of the projects cut are critical and may be difficult, if not impossible, to implement with the reduced allocation. Some of the new projects inserted by the National Assembly have not been properly conceptualized, designed and costed and will therefore be difficult to execute.
“Furthermore, many of these new projects introduced by the National Assembly have been added to the budgets of most MDAs with no consideration for institutional capacity to execute them or the incremental recurrent expenditure that may be required.
“As it is, some of these projects relate to matters that are the responsibility of the States and Local Governments, and for which the Federal Government should therefore not be unduly burdened.
“Such examples of projects from which cuts were made are as follows:
“The provisions for some nationally/regionally strategic infrastructure projects such as Counter-part funding for the Mambilla Power Plant, Second Niger Bridge/ancillary roads, the East-West Road, Bonny-Bodo Road, Lagos-Ibadan Expressway and Itakpe-Ajaokuta Rail Project were cut by an aggregate of 11.5 billion Naira.
“Similarly, provisions for some ongoing critical infrastructure projects in the FCT, Abuja especially major arterial roads and the mass transit rail project, were cut by a total of 7.5 billion Naira.
“The provision for Rehabilitation and Additional Security Measures for the United Nations Building by the FCT, Abuja was cut by 3.9 billion Naira from 4 billion Naira to 100 million Naira; this will make it impossible for the Federal Government of Nigeria to fulfill its commitment to the United Nations on this project.
“The provisions for various Strategic Interventions in the health sector such as the upgrade of some tertiary health institutions, transport and storage of vaccines through the cold chain supply system, provision of anti-retroviral drugs for persons on treatment, establishment of chemotherapy centres and procurement of dialysis consumables were cut by an aggregate amount of 7.45 billion Naira.
“The provision for security infrastructure in the 104 Unity Schools across the country were cut by 3 billion Naira at a time when securing our students against acts of terrorism ought to be a major concern of government.
“The provision for the Federal Government’s National Housing Programme was cut by 8.7 billion Naira.
“At a time when we are working with Labour to address compensation-related issues, a total of 5 billion Naira was cut from the provisions for Pension Redemption Fund and Public Service Wage Adjustment.
“The provisions for Export Expansion Grant (EEG) and Special Economic Zones/Industrial Parks, which are key industrialization initiatives of this Administration, were cut by a total of 14.5 billion Naira.
“The provision for Construction of the Terminal Building at Enugu Airport was cut from 2 billion Naira to 500 million Naira which will further delay the completion of this critical project.
“The Take-off Grant for the Maritime University in Delta State, a key strategic initiative of the Federal Government, was cut from 5 billion Naira to 3.4 billion Naira.
“About seventy (70) new road projects have been inserted into the budget of the Federal Ministry of Power, Works and Housing. In doing so, the National Assembly applied some of the additional funds expected from the upward review of the oil price benchmark to the Ministry’s vote. Regrettably, however, in order to make provision for some of the new roads, the amounts allocated to some strategic major roads have been cut by the National Assembly.
“Another area of concern is the increase by the National Assembly of the provisions for Statutory Transfers by an aggregate of 73.96 billion Naira. Most of these increases are for recurrent expenditure at a time we are trying to keep down the cost of governance.
“An example of this increase is the budget of the National Assembly itself which has increased by 14.5 billion Naira, from 125 billion Naira to 139.5 billion Naira without any discussion with the Executive.
“Notwithstanding the above stated observations, I have decided to sign the 2018 Budget in order not to further slowdown the pace of recovery of our economy, which has doubtlessly been affected by the delay in passing the budget.
“However, it is my intention to seek to remedy some of the most critical of these issues through a supplementary and/or amendment budget which I hope the National Assembly will be able to expeditiously consider.
“I am pleased with the success recorded in the implementation of the 2017 Budget. A total sum of 1.5 trillion Naira has been released for the implementation of capital projects during the 2017 fiscal year. In response to this and other policy measures implemented, we have observed significant improvement in the performance of the Nigerian economy.
“To achieve the laudable objectives of the 2018 Budget, we will work very hard to generate the revenues required to finance our projects and programmes. The positive global oil market outlook, as well as continuing improvement in non-oil revenues, make us optimistic about our ability to finance the budget.
“However, being a deficit budget, the Borrowing Plan will be forwarded to the National Assembly shortly. I crave the indulgence of the National Assembly for a speedy consideration and approval of the Plan.
“The 2018 Budget I have just signed into law provides for aggregate expenditures of 9.12 trillion Naira, which is 22.6% higher than the 2017 Appropriation. Further details of the approved budget will be provided by the Minister of Budget and National Planning.
“I thank the Ministers of Budget and National Planning, the Budget Office of the Federation, and everyone who worked tirelessly and sacrificed so much to bring us to this day. However, the job is only partly done.
“I am sure you will remain committed to advancing our Change Agenda, not only in the preparation of the national budget but also in ensuring its effective implementation.”
Headlines
2027: THE MANY WARS IN PARTIES
☆ ADC, PDP, NDC, LP Tacle APC Amidst Internal Wranglings.
☆ Party primaries trigger godfather vs godson clashes.
By: Our Special Correspondent.
Election periods always make Nigeria a political melting pot. Tensions, intrigues, violence, manipulations and grandstanding have been the order.
2027 may not be an exception, as already, the polity is heating up and political players are up in arms.
Between political parties, battle lines are being drawn.
It is no longer news that, President Bola Ahmed Tinubu of the APC, former Vice President Atiku Abubakar of the ADC and former Anambra state governor, Peter Obi of the NDC have secured the presidential tickets for their various political parties, ahead of the 2027 elections.
While Nigerians await the outcome of the presidential primaries for the other parties, it is apparent that the leading dramatis personae of the 2023 presidential election debacle, are set to square it out again in 2027.
But, while most, if not all the opposition political parties are emershed in multi-dimenssional crisis, the stage seems set for dirtier political schemings, in the quest to wrestle power from the ruling APC.
With the apparent collapse of the much talked about coalition, frontline candidates may again go into the election as a divided house, as the parties are further polarized by the attendant crisis arising from the just concluded primaries.
The ruling APC, also faced with similar crisis following the primaries. The primaries of all the parties seem to have sparked internal wranglings
across Edo, Delta, Lagos, Oyo, Kano, Rivers and other states. In most states, the primaries for governorship, Senate and House of Representatives seats have triggered deepening crises between governors, former governors, senators and entrenched party blocs.
While one may regard such disagrerments as normal and could be resolved before the main election, the disagreement between President Tinubu and the opposition may linger.
The President is fighting hard to ward of attacks over his failed promises which were made in 2023, as campaign issues.
Similarlly, the issue of insecurity, fuel subsidy, pol8cy summersault, and general cost of living have been brought to the front burner, in political discourse.
Tinubu told Nigerians on Friday that subsidy removal and forex reforms have revived investor confidence, lifted market cap to 250,000 points, and drawn new oil and gas investment. He also said security operations have “intensified” against bandits, separatists and insurgents.
But critics insist that Tinubu’s camp is working to cripple opposition parties reminescent of the Abacha-era dark days.
In apparent move to realign forces and reshape 2027, NDC’s Peter Obi has announced Rabiu Musa Kwankwaso as his running mate.
Obi told a gathering brfore naming Kwankwaso as his running mate, that, the Vice President office under him, will be “an active partner, not ceremonial”. The NDC held a special convention Saturday to affirm Obi as flagbearer where he promised 10,000MW electricity generation. Labour Party has also presented Dr. Chibuzo Okereke as its presidential candidate, a lowly rated personality.
At the sub-national level, political players are pulling the strings from different end. Most governors are being accused of imposing their cronies as governorship, senate, House of Representatives and House of Assembly candidates.
The national leadership of the APC has been struggling hard to adress the widespread crisis occassioned by the primaries. The APC, in Lagos amidst the internal wars, has picked Princess Damilola Sonayon-James as running mate to Lagos governorship candidate Dr. Obafemi Hamzat. Both are seen as stooges of the governor and by extenssion the President.
In Rivers, FCT Minister Nyesom Wike has vowed that, the APC “Rainbow Coalition” will agree on one governorship candidate and that ADC’s Atiku won’t get 10% of Rivers votes. Though the candidate has not yet been named.
Wike also declared “Rivers has no option but to back Tinubu”.
In several states, there have been massive decampments from the APC in particular, because of unfavourable outcomes of the primaries.
All these point to a turbulent outing for the APC, even as the ruling party.
As for the opposition parties, they all have been emasculated, and may not be able to pose much threat to the ruling APC.
While the political wranglings were going on the most serious threat to the APC remains the rising concern over insecurity. The issue seem to have ignited anger across the country, with Federal Workers Forum threatening an indefinite nationwide strike over rising insecurity and unresolved wages. SERAP, has meanwhile urged the UN Secretary-General to invoke Article 99 over Nigeria’s “escalating insecurity—mass abductions, killings, displacements”.
Headlines
“Nigeria Is in a Hurry to Celebrate Victory Over Enemies of the State,” Says Tinubu as He Decorates New Service Chiefs
By: Fabian Apechihin
President Bola Ahmed Tinubu has urged the newly appointed service chiefs to discharge their duties with utmost dedication and renewed commitment, declaring that “Nigeria is in a hurry to celebrate victory over enemies of the state.”
The President made this statement on Thursday during the decoration ceremony of the new service chiefs with their ranks at the Aso Rock Presidential Villa in Abuja.
Those decorated were General Olufemi Oluyede as Chief of Defence Staff, Lieutenant-General Wahidi Shaibu as Chief of Army Staff, Air Marshal Kennedy Aneke as Chief of Air Staff, and Vice Admiral Idi Abbas as Chief of Naval Staff.
The ceremony was attended by Vice President Kashim Shettima and the spouses of the newly promoted officers, who joined the President in performing the decorations.
In his address, Tinubu underscored the central role of security in fostering national development and reaffirmed his administration’s commitment to protecting the lives and property of all Nigerians.
“Security is an essential element without which everything else becomes meaningless,” the President stated. “There can be no sustainable development if this fundamental need is not met. Our people and our nation must remain secure to enjoy the dividends of governance.”
The elevation and decoration of the new military chiefs followed their confirmation by the National Assembly on Wednesday, after a closed-door screening session with lawmakers.
It will be recalled that, in a recent overhaul of the nation’s military hierarchy, President Tinubu appointed:
- Lieutenant General Olufemi Olatubosun Oluyede as Chief of Defence Staff,
- Major General Waidi Shaibu as Chief of Army Staff,
- Rear Admiral Idi Abbas as Chief of Naval Staff,
- Air Vice Marshal Sunday Aneke as Chief of Air Staff, and
- Major General Emmanuel Undiandeye retained as Chief of Defence Intelligence.
The new appointments mark a strategic restructuring of Nigeria’s security leadership aimed at strengthening the fight against insurgency, banditry, and other threats to national stability.
Headlines
FG Dismisses Coup Rumour, Reaffirms Confidence in Nigerian Military
By: Fabian Apechihin
The Federal Government has dismissed widespread rumours of an alleged military coup plot against President Bola Tinubu, declaring its full confidence in the loyalty and professionalism of the Nigerian Armed Forces.
Minister of Information and National Orientation, Mohammed Idris, made this known in an interview with The Punch on Sunday, insisting that the administration has “no reason whatsoever” to doubt the assurances given by the Defence Headquarters, which had earlier denied reports linking the detention of 16 military officers to a coup attempt.
“The Federal Government has no reason to doubt the military on what it has said,” Idris stated.
“We believe the Armed Forces of Nigeria remain committed to protecting the nation’s territorial integrity and strengthening the fight against insecurity. The government commends their sacrifice and will continue to support them in safeguarding the country.”
The minister’s remarks came a day after the Director of Defence Information, Brigadier General Tukur Gusau, firmly debunked a report by Sahara Reporters alleging that the detention of 16 officers was connected to a failed coup plot and the cancellation of the 65th Independence Day parade.
Gusau described the publication as “false, mischievous, and deliberately aimed at creating unnecessary tension and public distrust.”
He clarified that the cancellation of the October 1 Independence Day parade was a purely administrative decision — taken to allow President Tinubu attend a key bilateral meeting abroad and to enable military units sustain ongoing counterinsurgency operations nationwide.
On the issue of the detained officers, Gusau said their case was “an internal disciplinary process” and not related to any political matter.
“The investigation involving the 16 officers is routine, aimed at upholding discipline and professionalism within the ranks,” he explained. “An investigative panel has been constituted, and its findings will be made public in due course.”
Reaffirming the military’s constitutional role and unwavering commitment to civilian rule, Gusau stressed emphatically:
“Democracy is forever.”
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