Connect with us

Business

Akpabio Proposes N309.5bn For 2011

Published

15 years ago

on

Akwa Ibom State Governor, Godswill Akpabio, on Friday, presented a budget of N309.5 billion for 2011 fiscal year to the state’s House of Assembly.

The 2011 budget is N75.84 billion or 19.7 per cent less than the revised 2010 budget of N385.35 billion. Akpabio told the legislators in Uyo that it was christened: “Budget of Consolidation and Transformation.” He said the major policy thrust was establishing industries and creating employment opportunities.

A breakdown of the budget showed that N52.2 billion was earmarked for recurrent services while N257.3 billion was earmarked for capital expenditure for the completion of ongoing projects.

The allocation to recurrent budget represents 16.9 per cent of the total budget while capital projects take 83.1 per cent. Akpabio said the economic sector would gulp the highest allocation of N113.2 billion, representing 36.6 per cent. He added that the social sector had been allocated N72.3 billion, representing 23.3 per cent of the total budget outlay.

The governor said that the general administration would gulp N70.2 billion, representing 22.7 per cent.

Environmental and urban development sector got N53.8 billion, representing 17.4 per cent of the budget, Akpabio added.

Akpabio said that the budget would be financed from statutory allocation of N19 billion, derivation from oil revenue would account for N191 billion while internally generated revenue would account for N15.9 billion.

Other sources are value added tax accounting for N5.2 billion and retained revenue from parastatal agencies would account for N2.4 billion.

Other sources of financing the budget include the opening balance from 2010 budget accounting of N15 billion, internal and external loans would yield N51.2 billion while grants, ecological funds and miscellaneous receipts would account for N9.62 billion.

Receiving the budget, the Speaker, Mr. Anietie Etuk, promised that the House would give accelerated hearing to it. Etuk noted that the 2010 budget had been implemented up to 80 per cent.

“The legislature will not hesitate to co-operate with the executive to deliver the dividends of democracy to the state,” he said.

Related Topics:
Continue Reading

Business

Kenyan Runners Dominate Berlin Marathons

Published

3 days ago

on

September 22, 2025

By

Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

Continue Reading

Business

NIS Ends Decentralised Passport Production After 62 Years

Published

3 days ago

on

September 22, 2025

By

The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
Continue Reading

Business

FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

Published

3 days ago

on

September 22, 2025

By

The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
Continue Reading

Trending