Politics
Gbajabiamila Knocks FG Agencies Over Revenue Diversion
The Speaker of the House of Representatives, Femi Gbajabiamila, has revealed that some revenue generating agencies were diverting funds for unnecessary expenditures and forcing government to take loans.
Gbajabiamila revealed this at the commencement of the dialogue session on Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) organised by the Committee on Finance.
The session is for revenue consideration with heads of revenue generating agencies in attendance.
The Speaker in his speech noted that there was, “consistent failure to adhere to the revenue remittance agreements to which many of these agencies have committed.”
He, therefore, criticised the agencies for making government to seek loans to finance infrastructural development.
Gbajabiamila also warned that loans will not be sufficient to finance capital component of the budget.
“We have credible reports that these desperately needed funds have in many cases, been diverted to finance unnecessary trivialities. At the same time, the Government is left scrambling for alternative sources to fund priority projects.
“We recognise that we cannot accomplish these objectives using loans and outside financing alone,” he said.
Also speaking, the Chairman of the Committee, James Faleke, said that the focus will be on MTEF which President Muhammadu Buhari sent to the National Assembly before its annual recess.
Politics
Tinubu Flags Off 2027 Re-election Campaign In Kaduna
The campaign rally, held at the Kaduna Township Stadium, attracted Vice-President Kashim Shettima, APC governors, party leaders, federal and state lawmakers, political stakeholders and supporters from across the country.
The flag-off marks the beginning of the APC’s drive to secure a second presidential term for President Tinubu, with the party expected to promote its achievements, defend its economic reforms and outline its policy priorities under the proposed Renewed Hope 2.0 agenda.
Kaduna’s selection for the campaign launch underscores the strategic importance of the North-West, a region with a substantial voting population and considerable influence on presidential election outcomes.
The APC faces a significant challenge in Kaduna, where the Peoples Democratic Party’s presidential candidate, Alhaji Atiku Abubakar, defeated President Tinubu in the 2023 election. The rally therefore provides the ruling party an opportunity to strengthen its grassroots structures and regain electoral support in the state.
Addressing supporters, Vice-President Shettima appealed to Northern voters, highlighting President Tinubu’s political relationships with prominent Northern leaders, including Alhaji Abubakar, Mallam Nuhu Ribadu and the late President Muhammadu Buhari.
The Vice-President’s appeal reflects the APC’s determination to consolidate its support in the North as the party intensifies preparations for the presidential contest.
The Renewed Hope 2.0 agenda is expected to feature prominently in the campaign, providing a platform for President Tinubu to explain his administration’s economic policies and outline plans for another term.
However, the President’s record on economic reforms, rising living costs, petrol prices, employment, infrastructure and insecurity is expected to attract considerable scrutiny during the electioneering period.
Politics
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