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Saraki Gives C’ttee 48hr- Deadline To Submit Budget Report …Senate Approves N1.64trn New Borrowing To Fund Deficit …Passes Police Trust Fund Bill
Senate President Bukola Saraki, yesterday, gave the Appropriations Committee till Thursday to submit the 2019 budget report.
The Vice Chairman of the Appropriations Committee, Sunny Ogbuoji told the Senate that only 24 out of 61 sub-committees had submitted their reports.
Saraki insisted that the budget report must be presented on Thursday, April 11, ahead of the April 16 approval of the money bill.
The Senate President noted the Appropriations committee will be forced to use Executive submissions if the sub-committees fail to submit their reports to the Committee by Wednesday.
Saraki said, “It is unfortunate that only 24 committees have submitted their reports. Last week, we all took a decision here that we are not going to waiver on our position. Our position is very clear: that all committees should submit (their budget reports). And those that don’t submit, then the Appropriations Committee should use the Executive submission.
“That position is still where we are. And I want to appeal to all our committees that you really have just till tomorrow (Wednesday) to make sure that your reports get to the Appropriations Committee because Thursday, you must lay this report.
“Vice Chairman of Appropriations Committee, if you don’t get report from our committees by tomorrow (Wednesday), then you just use the submission of the Executive. But come Thursday, you must lay that report.”
It would be recalled that President Buhari, had presented the N8.83 trillion budget proposal to a joint session of the National Assembly on December 19, 2018.
However, the Senate, yesterday, adopted N1.64 trillion proposed by the Executive as the amount for new borrowing to fund the 2019 budget deficit.
The upper chamber also approved the proposed N500 billion special social intervention fund.
The adoptions were parts of the 2019-2021 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) passed yesterday by the upper chamber.
President Muhammadu Buhari sent the MTEF/FSP to the National Assembly on November 6, 2018 for consideration and approval.
The passage of the MTEF/FSP came as the Senate is set to receive the report of the 2019 budget from its Appropriation Committee.
The Senate adopted all the critical projections in the MTEF/FSP as proposed by the Executive.
The MTEF/FSP an annual rolling three year-expenditure plan sets out the medium-term expenditure priorities and provides the basis for the preparation of the annual national budget.
The Senate Committee on Finance, which considered the MTEF and FSP, presented its recommendations for adoption by the Senate in plenary.
Apart from the adoption of N1.64 trillion as the amount for new borrowing to fund the budget deficit, the Senate advised relevant agencies to continue to explore ways of generating additional revenues for government to bring down the fiscal deficit.
It said that the Federal Government should harness the full optimal potential of the ministry of Mines and Steel Development in terms of revenue generation to minimize the level of new borrowing.
It also said that the Federal Government should consider reducing the granting of waivers and exemptions while ensuring that the Nigerian Customs Service personnel were at all oil terminals for accountability.
The Federal Inland Revenue Service, it said, should consider increasing tax on luxury goods and services.
On the N5,000 special social intervention fund, the Senate asked for the cooperation of relevant committees in the National Assembly and other relevant MDAs in ensuring that the funds are judiciously utilized to provide tangible impact of the funds on the Nigerians.
The Senate retained the oil output of 2.3 million barrel per day, oil price benchmark of $60 per barrel, exchange rate of N305/$1, GDP Growth rate of 3.0per cent and Inflation growth rate of 9.98per cent.
Other Executive proposals for 2019 also adopted by the Senate included: proposed expenditure of N8.83 trillion, FGN retained revenue N7.92 trillion, fiscal deficit N1.86 trillion, new borrowings N1.65 trillion, statutory transfers N492.4 billion, debt service N2.14 trillion, Sinking Fund N120 billion, total recurrent (non-debt) N4.72trillion, personnel costs (MDAs) N2.29 trillion, capital expenditure N2.86 trillion, Special Intervention N500billion.
The committee said that crude oil production output stood at 2.0 million barrels as of December 2018.
According to the committee, the 2.3million daily target is achievable “due to the continuous efforts of all stakeholders in checkmating the issues of oil facilities vandalism and other vices associated with such regard.”
The committee which recommended exchange rate of N305/$1, asked the Central Bank of Nigeria (CBN) “to continue adopting strategies that will aid the strengthening of the naira and bridging the gap between the official and parallel market rate of the foreign exchange.”
The Senate also, yesterday, passed the Nigerian Police Trust Fund Bill (HB 1583).
Recall that last week, the President of the Senate, Dr. Abubakar Bukola Saraki, had promised the Inspector General of Police, Mr. Mohammed Abubakar Adamu, that the Senate would fast-track its work on both the Police Trust Fund Bill and the Police Reform Bill.
Reacting to the Senate’s passage of the Bill, which has also been passed by the House of Representatives, Saraki said: “By passing this bill, we will be creating big strides towards providing and improving security and the policing in our country.
“One of the major concerns has always been the issue of funding. We believe that this bill will provide the funding needed for training and recruitment. I am confident that by the time we lay the report on the Police Reform Bill, we would have gone a long way in moving the police in the right direction,” the Senate president said.
Similarly, the Senate, yesterday, confirmed the appointment of Maj.-Gen. Paul Tarfa (rtd) as Chairman of the North East Development Commission (NEDC).
The Senate also confirmed the appointment of Mohammed Alkali as the Managing Director and Chief Executive Officer of the NEDC, alongside nine members.
This followed presentation of report by Chairman, Senate Committee on Special Duties, Sen Abdul Aziz Nyako on confirmation of nominations into the board of the commission.
The other nominees are Musa Yashi as Executive Director Humanitarian Affairs; Muhammed Jawa as Executive Director Administration and Finance; Omar Mohammed as Executive Director Operations.
Others are David Kente, member representing North-East Zone; Asmau Mohammed, member representing North-West Zone; Benjamin Adanyi, member representing North-Central Zone.
Still others are: Olawale Oshun, member representing South-West Zone; Dr. T. Ekechi, member representing South-East; and Obasuke McDonald, member representing South-South.
Contributing, Sen Binta Masi (APC-Adamawa) observed that the Managing Director and Chief Executive Officer was from Borno State, while the headquarters of the commission was also domiciled in Borno.
She noted that in the spirit of fairness, other states facing insurgency should have been considered.
Masi noted that late Sen Ali Wakili suggested that the headquarters be domiciled in Bauchi State, but the request was turned down to allow for more negotiations, and wondered why the decision was made in favour of Borno.
In response, Nyako said the observation made by Masi was paramount, but indicated that the decision was reached during Senate and House of Representatives conference.
He said, “Recall that in our bill, we left that issue open and during the hearing, we agreed that if the headquarters should be in Borno, someone from elsewhere should be chief executive officer.
“It was the House bill that came with zoning within Borno. They had overwhelming votes in support of that during our conference and in the spirit of democracy we had to succumb.”
The Deputy Leader, Sen. Bala Na’Allah, also noted that the observation made by Masi was genuine but noted certain situations could warrant a change.
He said, “the citing of the headquarters is because the entire country associated the beginning of insurgency to Borno and other most affected states are Adamawa and Yobe states.
“So, chairman for the commission is from Adamawa and choice of Alkali is for certain convenience, which is required to galvanise support with the least inconvenience.
“Also, it should be noted that the action of the Executive led to choice of Alkali while citing of the NEDC in Borno is legislative action and in the spirit of cooperation among arms of govt we should let that go and confirm them.”
The Leader of the Senate, Ahmad Lawan, congratulated the National Assembly for passing the bill and the Executive for assenting to it and sending the list of board nominees for confirmation.
“The people nominated here are qualified and experienced and prepared to hit the ground running.
“So, I urge the committee to monitor the commission’s take-off to ensure that right things are done.
“We have learnt from issues of non smooth take-off of the Niger Delta Development Commission, so that the NEDC will learn from that. The commission needs urgent take off,” Lawan submitted.
The Deputy Senate President, Ike Ekweremadu, also congratulated the nominees.
He said the emergence of the commission was a sign that the National Assembly had concerns for happenings in Nigeria irrespective of region and other indices.
“The NDDC bill was initiated in the National Assembly. It was vetoed by the Executive, but we overturned the veto.
“It is the same spirit that led to the initiation of the NEDC. The smooth running of NDDC is due to so much protocol.
“So, from the day one of the take-off of NEDC, the National Assembly should start oversight to give life to North East and hope to other Nigerians doing business in those areas and I hope the pioneers would lay good example,” Ekweremadu said.
In his remarks, President of the Senate, Dr. Bukola Saraki, congratulated the nominees, and urged them to hit the ground running.
He also emphasised the need for oversight of the commission to ensure proper implementation of projects.
Nneka Amaechi-Nnadi, Abuja
News
Victory Over Insurgency Certain, Tinubu Assures
President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.
The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.
He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.
Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.
“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.
“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.
The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.
Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.
He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.
“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”
The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.
The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.
Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.
News
US Embassy, Lagos Consulate Close Today For President’s Day
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
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