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2016 Budget: FG Earmarks N500bn For Social Welfare
The Federal Government has earmarked N500billion of the projected N6.04trillion 2016 budget for social welfare packages for the vulnerable in the society which the Muhammadu Buhari’s administration had earlier promised.
This was even as the entire 2016 budget profile of N6.04trillion is based on deficit of N2.22trillion on account of N3.82trillion projected as total revenues expected by federal government in the year 2016.
As contained in a Medium Term Expenditure Framework ( MTEF) and Fiscal Strategy Paper ( FSP) , forwarded to the National Assembly Tuesday by President Buhari the federal government is to collaborate with state governments in the implementation of the N500billion worth social welfare packages to the low income group of the society. .
The MTEF document read in part, “ The federal government will collaborate with state government to institute well structured social welfare intervention programmes such as , school feeding programme initiatives, conditional cash transfer to the most vulnerable, and post NYSC GRANTS.
Buhari explained that these interventions will start as pilot scheme and work towards securing the support of donor agencies and development partners in other minimize potential risks.
He also noted that a phased social welfare programme will be created to cater for larger population of the poorest and most vulnerable Nigerians upon the evidence of children’s enrollment in school and evidence of immunization.
On the planned rationalization of MDAs, the president stated that government would adopt a three- pronged approach in the management of public financial resources by improving on revenue generation , collection, and quality spending in a manner that would enhance transparency , accountability and results in service delivery.
He said that Government will, in the near to medium -term, continue to prone the size of the federal government and its NDAs to more efficient level without compromising efficiency and effectiveness.
His words ”Over the medium term however, government will revisit the need to rationalize the agencies of government and strategically implement relevant provisions”.
On the TSA, Mr President said that the implementation of Treasury Single Account ( TSA), would be fully complemented with full implementation of the Integrated PayRoll and Personnel Information System ( IPPIS) in all MDAs which would result in additional savings.
The proposed budget, according to the President which aims at curtailing the federal government expenditure profile, will cut down on the mounting number of claims for increases in salaries and allowances including pensions and other
According to the MTEF document , N150billion is earmarked for fuel subsidy , N115 billion for the National Assembly as against N120 billion earlier projected, N29 billion for amnesty programme in the Niger Delta and N45billion for the Independent National Electoral Commission (INEC).
Other prominent projections in the MTEF are N77.11 billion for Universal Basic Education ( ÜBE), N1.20billion for Public Complaints Commission ( PCC) and human rights , etc.
The budget represents a 30% increament in the capital expenditure for 2016 as against the 2015 budget.
Agriculture, Education, Health, Road maintenance , security, water supply and Defence got priority votes in the proposal with additional focus on human and infrastructure development.
Nneka Amaechi-Nnadi
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MAN Tasks Rivers, Bayelsa On Blue Economy
The 2025 annual general meeting (AGM) and conference of the Rivers/Bayelsa states chapter of the Manufacturers Association of Nigeria (MAN) has come to a close with a strong call for both states to drive the blue economy.
The communique just issued after the AGM pointed to what it called emerging prospects in fish processing, seaweed cultivation, ship repair, and marine technology.
The communique which also mentioned human capital gaps that must be filled through technical and vocational training that are aligned with modern industrial needs, said the blue economy represents a viable pathway for Nigeria’s industrialisation.
It said MAN and Arican Marine Environment Sustainability Initiative (AFMESI) have the capacity to unlock Nigeria’s blue economy sustainably and inclusively, but said the region required dedicated infrastructure upgrades, including roads, waterways, and power.
The communique was signed by Vincent Okuku (Chairman of Rivers/Bayelsa States Branch); Michael Nosa Agana (Branch Vice Chairman/Chairman AGM planning Committee); and Chibuzor Eze (Executive Secretary, Rivers/Bayelsa States Branch).
The resolutions said the future of the Niger Delta economy lies in diversification rather than dependence on extractive industries. “Technology and innovation, value addition and local processing, strategic infrastructure, and a skilled workforce are essential pillars for the future of manufacturing in the region.
“Governments in the region must intensify support for manufacturing activities. Various forms of collaboration across sectors should be actively encouraged.”
It specifically advised Bayelsa and Rivers States to fully develop and harness the blue economy as strategic gateways for sustainable growth; and called for cross-border partnerships with neighbouring states to enhance trade, security, and environmental management.”
The Rivers/Bayelsa States branch of MAN held its first (41st) AGM outside Port Harcourt for the first time, hosted by Bayelsa State Government at the Chief D.S.P. Alamieyeseigha Memorial Banquet Hall, with the theme: ‘Trade, Technology, and the Future of Manufacturing in the Niger Delta.’
In his welcome address, the chairman of the branch, Okuku, commended the Bayelsa State Government under the leadership of Gov Douye Diri for its efforts in industrial development, investment promotion, and strong partnership with the private sector.
He also acknowledged the Rivers State Government for its commitment to rehabilitating industrial clusters, improving access roads, and delivering key infrastructure.
He, however, expressed concern over persistent challenges such as high energy costs, unreliable electricity supply, weak transport systems, rising logistics expenses, multiple taxes and levies, inconsistent regulatory frameworks, and pressure from host communities, which continue to hinder manufacturing growth in both states.
The President of MAN, Francis Meshioye, noted that the Niger Delta, with its abundant resources and strategic location, holds vast potential for industrial expansion. He called for policy frameworks that promote local manufacturing, enhance trade, and attract investments to the region.
Goodwill messages were delivered by the Minister of the Federal Ministry of Regional Development, Abubakar Momoh, represented by Wasa Festus, Director of Community Development and Education. Another goodwill message was also presented by the Bayelsa State Commissioner for Trade, Industry and Investment, Ebieri Jones.
In his remarks, Gov Diri praised MAN for its contributions to Nigeria’s manufacturing sector, noting its resilience, innovation, and strategic role in national development. He stated that the conference theme aligns with his administration’s mantra of “Assured Prosperity.”
Gov Diri offered 24-hour service to manufacturers wishing to relocate to the state, and highlighted the State’s ongoing transformation through deliberate investment in infrastructure, security, and human capital aimed at positioning Bayelsa State as a hub for industrial growth, particularly in the blue economy, agriculture, and manufacturing.
He further noted that hosting the 41st AGM fulfilled a long-desired aspiration of the State following the successful 2024 MAN event in Port Harcourt, Rivers State. He officially declared the exhibition open.
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NELFUND Warns Students Against Fake Loan Portal
The Nigerian Education Loan Fund has alerted the public to a fraudulent message circulating online, claiming that the NELFUND Student Loan Registration Portal is open.
The message directs applicants to a third-party link (http://gvly.xyz/Nelfund-Student-Loan, which NELFUND confirms is unauthorised and fraudulent.
In a post obtained from its X handle, yesterday, NELFUND urged students and the general public not to click on the link or provide any personal information, emphasising that the official loan registration portal is only accessible through the Fund’s verified channels.
The agency reminded applicants to exercise caution online and to report any suspicious links or communications claiming to be from NELFUND.
“Applicants are encouraged to always verify official announcements via NELFUND’s official website and social media channels,” NELFUND said.
This advisory comes as part of NELFUND’s ongoing efforts to safeguard students and ensure the integrity of the student loan application process.
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