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IGR: Anambra hits N1.5BN monthly revenue

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…As NAF bombs Sambisa Forest***

Mr Michael Okonkwo, the  Managing Director, Awka Capital Territory Development Authority, says the monthly internally generated revenue of the state has increased from N500 million to N1.5 billion.

Okonkwo told the News Agency of Nigeria (NAN) in Awka on Saturday that the Authority`s revenue profile also increased from N13 million to N20 million monthly.

He said that Gov.Willie Obiano`s administration inherited a monthly N500 million as IGR and directed that something is done to increase the revenue profile of the state.

“ When Gov. Obiano came in, he met a monthly figure of N500 million monthly as internally generated revenue. The governor said that the situation was unacceptable and that he expected N3 billion.

“ It has not been easy, but we have been able to reach N1.5 billion monthly,” he said. Okonkwo, the Chief Executive Officer of the Authority, said revenue from the six Local Government Areas that make up the capital territory, contributed N20 million to the state`s internally generated revenue.

According to him, the production of a base map for the capital territory assisted to raise revenue for the state and led to the completion of an aerial photography of the state.

He said that the revenue drive had made the state to work towards self-sufficiency because of dwindling revenue from the federation account.

He said that work on the complete master plan of the territory was on-going.

“ While the comprehensive master plan of Awka territory is on-going, we have put together what we call the Awka Capital Territory Concept Masterplan.

“It will be released soon for people to see the new Awka capital territory urban design framework plan, in which we will offer new land use, new urban renewal initiatives, and implementation strategy,” Okonkwo said.

In the meantime, the Nigerian Air Force said it has bombarded Boko Haram enclaves in Sambisa with air strikes from 5 aircrafts resulting in heavy casualties since the commencement of Operation Ruwan Wuta II.

The NAF said within three days of the rain of fire on the insurgents in the Northeast, their structures have been destroyed , while survivors who were fleeing the target areas were neutralized with rockets and cannons.

The Director of Public Relations and Information of the NAF, Air Commodore Olatokunbo Adesanya said in a statement that the air interdictions were meant to clear remnants of the insurgents from their various hideouts in the Northeast.

“In continuation of Operation RUWAN WUTA II, the Nigerian Air Force (NAF) has continued to rain significant fire on Boko Haram Terrorists (BHTs) locations, with intensive day and night aerial bombardments.

“On 24 Oct 17, the second day of the Operation, the NAF conducted an air interdiction mission on the BHT-infested settlement of GHATA MUSA, located about 16km Northwest of MADAGALI.

“The location was observed to have significant BHT activities, indicative of its use as a hideout for the insurgents. The air interdiction was conducted by 5 aircraft namely 2 F-7Ni aircraft, armed with bombs and 3 Alpha Jet aircraft, armed with a combination of bombs, rockets and cannons.

” Two Alpha Jet aircraft and 2 F-Ni aircraft took turns to pound the location with bombs, destroying some structures and sending a few BHT survivors fleeing from the location.

” Thereafter, the third Alpha Jet Aircraft returned to strafe the location with rockets and cannons, neutralizing some fleeing insurgents in the process.

“On Day 3 of the Operation, the NAF conducted another air interdiction mission on a BHT structure in Parisu, which is the Northeastern gateway into the Sambisa Forest.

“The target building in Parisu was confirmed to be a BHT hideout and subsequently earmarked for attack. Four NAF aircraft  namely: 2 x F-7Ni aircraft, armed with bombs and 2 x Alpha Jet aircraft, armed with bombs and rockets, conducted the air interdiction.

“One Alpha Jet aircraft and the 2 x F-7Ni aircraft took turns to attack the location with bombs, thereby destroying the target structure.

“This was followed up with rockets and cannons’ attack of the target area, by the second Alpha Jet aircraft, after which no terrorist movement was further observed at the location.

Additional report from Nation

Economy

Sanitary Pads: Reps Query Minister Over N65m Spent On New Year Party, Others

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 The Minister of Women Affairs, Mrs Uju Kennedy-Ohaneye has drawn the ire of the House of Representatives following the unguarded manner she allegedly spent monies which included expenditures of N45 million for a New Year party and, N20 million for sanitary pads.

The House of Representatives which has now queried the minister, also frowned on her other unrelated expenditure which includes N1.5 million for vehicle fuel.

Rep. Kafilat Ogbara, Chairman, House Committee on Women Affairs, led the interrogation of the Minister, over the non-payment of N1.5 billion to contractors despite the fund release in Abuja.

She said that the investigative hearing was aimed at uncovering the truth and not witch-hunting the Minister and the officials of the ministry.

The committee also investigated the alleged diversion of funds meant for contractor payments, following a petition from contractors.

The committee also sought clarification on funds appropriated for the African First Lady’s mission and the whereabouts of the N1.5 billion meant for contractor payments.

The minister however denied the allegations of misappropriation, overspending, and non-payment to contractors.

The procurement officer confirmed contractors’ claims, and the Director of Finance and Administration acknowledged only paying approved contracts.

It would be recalled that the committee had at its last sitting summoned the minister to appear before it to explain the rationale behind the non-payment.

The committee also ordered the stoppage of all 2024 contract processes by the Ministry of Women’s Affairs until the whereabouts of the money for the said contracts are determined

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Economy

LASU: Town, Meets Gown Next Tuesday, To Make Rails Transportation More Meaningful

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LASU: Town, Meets Gown Next Tuesday, To Make Rails Transportation More Meaning

…NRC Boss, Engr. Okhiria is Pointman

The Town and the Gown will on Tuesday converge at the Lagos State University (LASU), in a mutual fusion of quality and sustainable ideas, as the Managing Director, Nigeria Railways Corporation speaks on where the eggheads necessarily need to intervene, for the overall benefit of the nation.

NRC Boosts Passenger- Safety With  Strong Armed Forces Collaboration 
Engr. Fidet-Okhiria

Prof. Bamidele Badejo who is now back in LASU, confirmed this to the Maritime First, highlighting that Engr. Freeborn Okhiria would meticulously dissect a critical issue, titled: ‘From Exclusive Clause To Concurrent List: Potency for sustainable rail infrastructure development in Nigeria and the Lagos State example.

Oluwaseun Osiyemi, the Lagos State Commissioner of Transport, will be in attendance; at an event which will flag off by noon prompt, Tuesday 16th, July 2024, at the Femi Gbajabiamila Conference Centre.

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Economy

Reps Probe Cbn’s N1.12trn Anchor Borrowers Scheme, NIRSAL’s N215b Loan

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Reps Probe Cbn’s N1.12trn Anchor Borrowers Scheme, NIRSAL’s N215b Loan

The House of Representatives has ordered probes into the N1.12 trillion anchor borrowers scheme, an initiative of the Federal Government’s interventions and agricultural funding through the Central Bank of Nigeria (CBN).

Also included in the probe are the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), the Bank of Industry (BoI) and other agencies.

The resolution followed the adoption of a motion by Rep. Chike Okafor (APC-Imo) on the floor of the House in Abuja on Tuesday.

Presenting his motion, Okafor linked the growing food scarcity and malnutrition in Nigeria to the alleged mismanagement of agricultural funds intended for agricultural development in the country.

He said the Federal Government had expended N8 trillion in 8 years on various schemes and interventions in the last eight years with the view of making food available for millions of Nigerians.

He added that the alleged mismanagement, misapplication of funds and abuse of the programmes had left Nigeria with the twin challenges of food scarcity and malnutrition.

Okafor said that funds advanced to end users of the various Federal Government interventions had also been allegedly misused, misapplied and channelled to non-farming and non-agricultural purposes.

This, he said, was responsible for the current acute scarcity of food in the country.

Adopting the motion, the House mandated the Committee on Nutrition and Food Security as well as the Committee on Agricultural Production and Services; Agricultural Colleges and Institutions and Finance, to probe

The Committees were mandated to thoroughly investigate CBN’s alleged mismanagement of the Anchor Borrowers Program (ABP) for which ₦1.12 trillion was to be disbursed to 4.67 million farmers.

The farmers were said to be involved in either maize, rice or wheat farming through 563 anchors.

The committees are to look into NIRSAL’s disbursement of ₦215,066,980,274.52, to facilitate agriculture and agribusinesses.

The House gave the committees four weeks to report back to the House.

The house also mandated the committees to equally assess how the Bank of Industry (BOI) disbursed N3 billion to 22,120 smallholder farmers through the Agriculture Value Chain Financing (AVCF) Programme.

The committee is also to investigate the handling of the N5 billion loan facility to the Bank of Agriculture (BOA) for livestock farmers across the country.

This will include the management of the National Agricultural Development N1.6 billion Recovery Fund for the Ginger Blight Epidemics Central Taskforce (GBECT).

This is for the control of Blight disease in Ginger, among other interventions. 

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