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FEC approves revised 2021-2023 MTEF/FSP

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FEC Approves Nigerian Citizenship To 385 Applicants, As Some Desert Through Mediterranean Sea Option

The Federal Executive Council (FEC) on Wednesday approved the revised 2021 to 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) at its virtual meeting.

The meeting that was presided over by President Muhammadu Buhari at the Council Chamber of the State House approved an N12.66 trillion budget for each of the three fiscal years.

The Minister of State for Finance, Budget and National Planning, Mr Clement Agba, disclosed this while addressing State House correspondents at the end of the Council meeting in Abuja.

Agba listed other projections in the budget as 40 dollars per barrel oil benchmark, oil production volume of 1.6 million barrel per day, the inflation rate of 11.9 per cent, the projected gross domestic growth rate of three per cent and revenue target of N7.50 trillion.

On projected revenue for 2021, the minister said: “Yes, I spoke of the various assumptions that have been made in terms of parameters and those assumptions are what drives revenues that we get and in terms of how you are able to reflate the economy and spend helps your GDP.

“For Nigeria, it was projected that by the end of this year we should have the GDP top at -4.42 per cent. However, with the stimulus, if properly done and executed, we expect that the GDP will improve to about negative -1.8 per cent.

“So in terms of the revenue projection, for 2020 it was N5.84 trillion but for 2021 we expect that it will be N7.50 trillion.

“Even though the oil production is much lower than our capacity because we are restricted by the OPEC Plus quota in order to get the prices at par, we have brought in 63 Government Owned Enterprises (GOE).

“We are bringing them into the budget in order to be able to bring up additional N2.17 trillion into the budget, hence we are saying we are projecting a larger budget size for 2021 over and above the N10.84 trillion for the revised 2020 budget.

“When you look at the N7.5 trillion and the expectations to spend N12 trillion, yes definitely there will be gap and that gap has to be financed.

Also read: FEC approves N108bn for road projects in 4 states

“Even in the 2020 budget we had provisions to repay debt and in 2021 there is the provision to repay debt. There is a sinking fund, we look at the ratio and ensure that we are able to pay our debts.

“Of course that is why we have the debt management office to run those numbers and advise us.”

The Minister of State for Education, Mr Chukwuemeka Nwajiuba also disclosed that the Council approved N136 million for the procurement of theatre seats and computers for the University of Benin in Edo State.

He said: “We submitted a memo on behalf of the University of Benin, for the procurement and installation of theatre seats and computers for work in the auditorium of the University of Benin.

“The project is being funded by the 2019 Tertiary Education funds allocated to the school in the sum of N136 million and the contract was approved by FEC as proposed by the University of Benin and they will now proceed with the procurement.”

On the federal government’s position on the resumption of schools, the minister said the decision not to reopen schools remained the same.

According to him, the government is still meeting with stakeholders in the education sector to chart the way forward.

He said: “We are still meeting with parents over that; we are not confident yet that everywhere is safe, the number of COVID-19 infections from the National Centre for Disease Control (NCDC) are still very alarming and we have presented this to parents and all stakeholders in the education system.

“We are still meeting with them; in fact, there is a stakeholder meeting slated for Monday next week.’’

The minister revealed that the West African Examinations Council (WAEC) was also consulting and looking at a possible change of date for final year exams for graduating secondary school students.

“WAEC on its own part is also negotiating with other West African countries to look at possible shift in date and once they are through with that meeting and hopefully when we are also through with the consultations if there is any change in the ministry’s position, we will communicate,” he added.

 

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#EndBadGovernance: Court Admits 10 Protesters to N10m Bail Each 

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#EndBadGovernance: Court Admits 10 Protesters to N10m Bail Each 

A Federal High Court in Abuja on Wednesday admitted 10 #EndBadGovernance protesters charged with treason to a N10 million bail each with one surety each like sum.

Justice Emeka Nwite, in a ruling on their bail applications, agreed with the submissions of the counsel for the defendants.

Justice Nwite ordered that each of the defendants’ sureties must own a landed property in Abuja and submit the property documents to the court’s registrar.

The press reported that the Federal Government had, on Sept. 2, arraigned the protesters on counts bordering on treason, intent to destabilise Nigeria, conspiracy to commit felony and inciting mutiny, among others, which are punishable under Section 97 of the Penal Code.

The Federal Government, through the Inspector-General (I-G) of Police, filed the charge marked: FHC/ABJ/CR/454/2024 on Aug. 30 against the defendants.

10 of the 124 persons arraigned included Michael Adaramoye also known as Lenin; Adeyemi Abayomi, Suleiman Yakubu, Opaluwa Simon, Angel Innocent, Buhari Lawal, Mosiu Sadiq, Bashir Bello, Nuradeen Khakis and Abdusalam Zubairu.

It was also reported that some youths staged a nationwide protest against economic hardship in the country between Aug. 1 and Aug. 10.

The demonstration turned violent in some parts of the country, with looting and vandalism recorded in some states.

The defendants, however, pleaded not guilty.

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Gov. Makinde Begins Annual Leave Aug. 5; APC Begs Nigerians To Shun Protest

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Gov. Makinde Begins Annual Leave Aug. 5; APC Begs Nigerians To Shun Protest

Gov. Seyi Makinde of Oyo State has written to the State House of Assembly to inform it of his intention to embark on his annual leave.

The governor’s letter was read on the floor of the House by the Speaker, Mr Adebo Ogundoyin, during Thursday’s valedictory plenary held in honour of Mrs Yetunde Awe, the House Clerk.

The governor also indicated in his message his desire to transfer executive powers to his Deputy, Mr Bayo Lawal.

Lawal is to serve in an acting capacity in Makinde’s absence, and Makinde’s leave will begin on Aug. 5 and end on Sept. 6.

“Based on Section 190 sub-section 1, I hereby transmit that during the period indicated above, Deputy Governor Lawal shall be the acting Governor.

“I shall be back from the vacation on Sept. 7,” Makinde said in the letter.

Similarly, the House also swore in Mrs. Taiwo Muraina-Akinola, who was formerly the Deputy Clerk, as the Substantive Clerk of the House to replace Awe who is retiring from the state civil service. Her swearing-in followed her recommendation by the House of Assembly Commission.

In another development, a Chieftain of the All Progressives Congress (APC) in Osun,  Mr Olatunbosun Oyintiloye, has appealed to Nigerians, especially the youths, to shun the planned nationwide protest.

Oyintiloye urged Nigerians to continue to keep faith in President Bola Tinubu-led administration in its ability to revamp the economy.

The APC chieftain, a member of the defunct APC Presidential Campaign Council (PCC), appealed while speaking with newsmen on Thursday in Osogbo.

He urged Nigerians to see a promising future in the government’s framework capable of pulling the country out of the current economic quagmire inherited from the past administrations.

He said that Nigerians’ expectation to get dividends of democracy was high owing to their trust in the president’s pedigree as an astute manager of men and resources.

Oyintiloye, a former lawmaker, said that the government was working tirelessly to meet the expectations and yearning of Nigerians.

He said that the intention of the president by removing the fuel subsidy and merging the foreign exchange rates, among other policies was to improve the economy and not to inflict pain on Nigerians.

The APC chieftain said that Nigerians should give more time for the president to fully develop the economy, which is going through the recovery process.

“With all sense of humility and modesty, we must appreciate the people of this country for their endurance, perseverance and unflinching support as we are passing through the dark tunnel.

“But one certain thing is that after these temporary pains, we shall all live in abundance.

“Although the task is herculean, but we are gradually navigating through the storm and challenges the country is passing through.

“In the real sense of it, this present government is working tirelessly on how to stabilise the economy, foreign exchange rates, inflation, and price control.

“With the initiatives and programme designed for good governance by the president, we are getting to the coast of self-sufficiency and economic stability.

“Our people should believe in the leadership of the president and the Renewed Hope Agenda of his administration, in due course, we shall laugh last.

“I strongly believe that with a little patience from Nigerians, we shall soon live in abundance. Let’s exercise a little patience, he said.

Oyintiloye, who noted that the president felt the pains Nigerians were passing through, said that was why he pleaded with Nigerians to be patient with him. 

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NNPP: Founder, Dr Aniebonam Goes Stoic on Kwankwaso and Galadima’s Defection

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NNPP: Founder, Dr Aniebonam Goes Stoic on Kwankwaso and Galadima's Defection

…Urges Members to Remain Calm and Trust in God’s Intervention

The founder of the New Nigeria People’s Party (NNPP), Dr. Aniebonam Boniface Okechukwu, has finally adopted stoicism on the defection of Senator Rabiu Musa Kwankwaso and Elder Buba Galadima, two prominent members of the party. 

In a lengthy statement, Dr Okechukwu expressed his disappointment and sadness over the betrayal of trust by his “friends and brothers” but urged members of the party to remain calm and trust in God’s intervention.

According to Dr. Okechukwu, the defection of Kwankwaso and Galadima is a temporary setback and a human activity that will not change the name and fate of the party. 

He described the duo as ‘men’ who were deceived by fake marabouts but hoped that they would soon realize their mistakes and return to the party.

Dr Okechukwu also called on members of the party to be patient and work hard, assuring them that God would soon intervene and restore the party to its rightful owners.

 He referenced the party’s past victory at the Supreme Court in Kano as a testament to God’s power and intervention.

The full statement by Dr. Okechukwu reads:

“My attention has been continuously drawn to the avoidable propaganda and circumstances of Senator Rabiu Musa Kwankwaso and Elder Buba Galadima. 

“These elder statesmen are my good friends and brothers with bad intentions. It is human, noting that no human being can be predicted. I do know that the first law of God is choice. They chose the channel of betrayal of trust.

“None of you should be worried because the New Nigeria People’s Party belongs to God, and we shall continue to work hard and serve Him. Senator Rabiu Musa Kwankwaso and Elder Buba Galadima are not above God, and He shall intervene at the appropriate time.

“All you people should do is work hard and pray for Senator Rabiu Musa Kwankwaso and Elder Buba Galadima for the wisdom of God and protection because they do not really know what they are doing as mortals.

“What is certain, as you people can see, is that they cannot change the name – New Nigeria People’s Party. This simply means that nothing has happened. The illegal conversion of the colour, logo, and constitution are human activities which, of course, are temporary.

“What I will advise all of you is to bear with INEC in their shortcomings, which are human and the work of the devil. What is certain is that Senator Rabiu Musa Kwankwaso and Elder Buba Galadima may be agents of the devil, betrayal of trust and kindness. When God decides to call them to order, we shall all be witnesses to the heavenly divine intervention and glory.

“God did it for us in Kano at the Supreme Court of Nigeria. He shall do it again to show that He is God. You should all remain peaceful and work hard. Let us be patient with God because He shall soon intervene, and His party shall be returned to His children.

“When that happens, the logo, colour, and constitution shall be reversed in His honour and glory. No one should be worried because He with God is with the majority.

“We do know from the physical appearance of Senator Rabiu Musa Kwankwaso and Elder Buba Galadima at the moment that they are burdened, and we are aware that the fake marabouts are deceiving them. Let us pray for them for life and good health, politics or no politics. What is certain is that we are brothers.

“Remark – Supreme Court of Nigeria is the final judgment, and God’s decision prevails at God’s time before or thereafter. Let us remain calm in the event of extreme provocation. Our party shall come back to us, and that is the word of God”, Dr. Aniebonam Boniface stated further.

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