News
FAAC: FG, States, LGs Share N559.101bn For Dec 2011
The federal, state and local governments shared N559.101 billion from the Federation Account for December 2011, the Minister of State for Finance, Dr Yerima Ngama, has announced.
Ngama made the announcement while briefing newsmen on Monday after the meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja.
He said the federal government approved the amount for the three tiers of government.
The minister however said due to the late arrival of the figures, FAAC was not able to compute the breakdown of the total revenue to be distributed to the tiers.
“But by Tuesday morning, the breakdown of the figures would be distributed and made known to the public,” he said.
Ngama said the strike called by the organised labour had affected the speed with which some of the information needed was to be gathered for FAAC.
“This is as regards especially the information on internally generated revenue and Value Added Tax (VAT),” he said.
The minister pointed out that it was while the committee was still meeting that it received the confirmation of the total VAT collection for December.
“The figure of N57.1billion for this was received from the Office of the Accountant General of the Federation as we were meeting,” he said.
Ngama assured Nigerians that the funds would be credited to the accounts of the various beneficiaries as soon as possible after work fully resumes on Tuesday.
He said the FAAC meeting needed to hold urgently after the strike as a result of President Goodluck Jonathan’s pronouncement on workers’ salaries.
Our correspondent reports that Jonathan had on January 4 directed FAAC to meet on or before January 15.
He had said this was to ensure that workers’ January salaries were paid on or before January 20.
While speaking on the funds to be realised from the partial removal of fuel subsidy, Ngama said the federal government was hopeful of realising its objectives.
“We do hope this year will be a prosperous year and we are happy that we are all united in ensuring this.
“We are hopeful that the entire various programmes we have developed and which we have discussed with the commissioners will be implemented successfully, particularly the SURE programme.
“We have asked the state commissioners to go and draw their own programmes from the revised amount that will be made known to them on the subsidy savings in order to ensure that our people get the benefit of the deregulation that we are embarking upon,” he said.
The minister said the committee had already computed the savings from the subsidy removal, as well as what the savings would have been.
“But due to Monday’s change in the price of fuel, which has now made it partial deregulation and not full deregulation, the committee has to do the computation again,” he said.
Ngama however disclosed that the National Assembly would have to approve the allocation of the funds as a supplementary budget before the subsidy savings could be shared.
He also disclosed that the Accountant-General of the Federation had effected the 25 per cent reduction in basic salaries of political office-holders in the executive arm of government.
Our correspondent reports that Jonathan had on January 7 announced the 25 per cent cut.
The Minister of State for Finance then allayed fears on the country’s financial status.
“The total foreign reserve of Nigeria is over N32 billion US dollars, and a country with a foreign reserve of this amount cannot be a poor country but a rich country,” he said.
Ngama lamented that Nigeria has over 600 unfinished projects, saying Nigeria would have needed to borrow to actually finish some of the road projects in the country, such as the Abuja-Lokoja Road.
“This particular project has been on for over five years, and in order to accelerate the development of the country, we need to actually block out all inefficiencies,” he said.
News
State House Spent N22bn On Overhead
The State House management yesterday disclosed that its overhead expenditure amounted to N22.62billion, spread across seven cost centres.
These include the State House Headquarters, State House Operations (President), State House Operations (Vice President), Office of the Chief of Staff, Office of the Chief Security Officer to the President, State House Medical Centre, and Lagos Liaison Office.
The Permanent Secretary of the State House, Olufunso Adebiyi, revealed this during an oversight visit by the House of Representatives Committee on Special Duties to the data centre located in the Presidential Villa, Abuja.
The State House Director of Information and Public Relations, Mr Abiodun Oladunjoye, announced this in a statement issued yesterday titled ‘State House to Achieve Full Digitisation by November 2024, Says Permanent Secretary, as Reps Tour Data Centre.’
During his presentation on the 2023/2024 budget implementation, the Permanent Secretary highlighted that the State House had achieved 43 per cent implementation of capital projects for 2024 and an impressive 99 per cent implementation in overhead expenditure.
“Out of this appropriated amount, so far, as of 31 August 2024, a total sum of N15.08bn has been released to us; and of the said released amount, a total of N14.9bn has so far been expended during the fiscal year, leaving an outstanding balance of N14.5bn. This represents an encouraging performance of 99 per cent,” he said.
On capital expenditure, Adebiyi noted that N51.3bn was appropriated for 2024, with N22bn spent, leaving a balance of N29.3bn, representing 43 per cent implementation.
The Permanent Secretary commended the Committee members for approving an increased budget allocation to the State House in the 2024 appropriation, particularly given the considerable demand from various cost centres during the challenging fiscal year.
“This has gone a long way in enhancing our performance as an important arm of government, especially with regards to the welfare of staff and various capital projects, such as the renovation of the residential quarters of the President, Aguda House, computerisation and digitalisation of the State House, construction of an office complex, replacement of operational vehicles, and others,” he said.
The chief accounting officer further presented the 2023 budget and supplementary budget performances.
He disclosed that N1.65bn was approved for personnel costs in 2023, of which N1.65bn was spent, leaving a balance of N439,433.66.
For overhead expenditure in 2023, N8.29bn was appropriated, and N8.27bn was expended, leaving an outstanding balance of N14.5m, marking a 99.82 per cent budget implementation.
Regarding total capital expenditure for 2023, the Permanent Secretary said N11.2bn was approved, with N10.9bn spent, representing an overall performance of 98 per cent.
Adebiyi also mentioned that the State House is set to achieve full digitisation of its operations by November 2024.
According to him, the completion of the computerisation and digitisation process would enhance efficiency, security, and the seamless operation of critical administrative functions at the State House.
The visit, led by the Chairman of the House Committee on Special Duties, Hon. Kabir Tukura, was part of the legislators’ statutory oversight to assess the performance of the 2023 and 2024 budgets of the State House.
Adebiyi also briefed the lawmakers on the ongoing renovations at Dodan Barracks, Lagos, the former seat of government.
He noted that the renovations are expected to be completed before the end of the year.
Adebiyi invited the legislators for an on-the-spot assessment of the barracks, with funds for the project and others at the Lagos Liaison Office sourced from the 2023 supplementary budget and the 2024 budget respectively.
In his remarks, Tukura expressed satisfaction with the ongoing digital transformation and commended the State House for its commitment to budgetary discipline and modernising government services.
“The 2024 budget is still ongoing, and I would say, so far, so good. The releases have been made and utilised by almost 98 per cent, and that is quite commendable.
“There are no gaps. The 2023 budget has been completed. Members have asked questions, and we have heard the responses from the Permanent Secretary. We are convinced they are doing well,” he said.
News
Fubara Inaugurates Judicial Commission On Killings, Blasts In Rivers …Charges 7-Man Panel To Be Resolute, Just
Rivers State Governor, Sir Siminalayi Fubara, has inaugurated a Judicial Commission of Inquiry to investigate the arson, killings, and destruction of property at various Local Government Council Headquarters in the State.
Governor Fubara inaugurated the seven-member commission at the Executive Chambers of Government House in Port Harcourt yesterday.
The commission that has one month to conclude its assignment, has Hon. Justice Ibiwengi Roseline Minakiri as Chairman; Mrs. Inyingi Brown as the Secretary; and Barrister Uzor Ikenga as the Counsel.
Other members are Barrister Felicia Nwoke; Prof. Blessing Didia; Sir Samuel Egbe; and Venerable Alex Usifor.
The Governor said the recent attacks and burning of Local Government Councils’ Secretariats on the 7th October, 2024, seemed like a repeat of what was experienced in 2014, months to the General Elections of 2015 when courts were set ablaze, residences bombed and people killed, leading to the closure of courts in Rivers State.
Governor Fubara said his administration will not look away while ill-guided youths and sponsored political thugs turn the State into a theatre of violence without being made to pay for such crimes against the State.
He said, “So, I have decided to take this action to find out the immediate and remote causes of this arson, most importantly, no matter the personalities involved, we must bring them to book.
“So, this assignment is a very important. It is an assignment that, if it is not done rightly, would give the enemies of this State opportunity to continue.
“And if we are right, it is going to be the end of further destruction of public property in the State. I know it is going to be very tasking. I can assure you that there will be threats, but you have to be strong,” he advised.
Governor Fubara stated that it is long overdue to inaugurate the commission of inquiry owing to incidences that have been witnessed since his administration came on board.
He explained that sometime in the past, about October, 2023, a similar incidence was experienced, and because he had thought that everybody was of the same political family, he decided to let go.
He added that the persistence of the violence and differences between people who once had worked together have seemingly destroyed chances of settling any misgivings internally.
Governor Fubara emphasised: “It has become very clear that rather than getting close to the path of peace, this State is gradually turning into a kingdom where law and order is no longer the order of the day. And we cannot fold our hands and allow such thing to happen.
“On the 5th of October, 2024, about four days ago, we had an election in this State. Before the election, we also heard from a lot of quarters, songs of war, (and) threats but we never took them seriously because we believed that a local government election is a prerogative of the State Government. It has nothing to do with anybody anywhere that is outside the confinement of our State.
“And for that reason, we believed strongly that whatever it is, we could manage it to produce the purpose of that election.”
Governor Fubara further said: “But, it is very unfortunate that after the election, even while the election was going on, several things happened, which we managed, thinking it was going to end there.
“The day after the election, there were also more threats from people, and we also thought it was just a normal threat, believing that it was not going to be out of hand but it did.”
Governor Fubara told members of the commission that God has not made any mistake to find them suitable for the assignment given to them.
He urged them to work with the mind of actualising the purpose of the assignment, and noted that history will not forget this responsibility given to them.
Governor Fubara outlined the terms of reference of the assignment given, saying that they must: “Determine the underlying causes of the violence and identify the individuals or groups reasonable for the attacks on some Local Government Council Headquarters and the harm caused to citizens.
“Evaluate the extent of damage to property, infrastructure, and human lives and estimate the financial losses incurred.
“Examine whether the violence was politically motivated, and if so, identify the key players and their roles in instigating the violence.
“Assess the effectiveness of the security agencies’ response to the violence and identify areas for improvement.
“Investigate the actions of individuals and groups involved in the violence in the face of the relevant laws, including the Violence Against Persons (Prohibition) Act, 2015, etc.
“Advise on adequate compensation and support for victims and their families, as well as measures to prevent future occurrences.
“Make recommendations on long-term strategies to prevent similar incidents in the future, including recommendations for policy reforms, community engagement, and conflict resolution mechanisms.
“Recommend appropriate sanctions for individuals and groups found culpable.
“Make other relevant recommendations in light of its findings which the commission may consider appropriate,” and also mandated the commission to submit its report within “one month”.
Governor Fubara said the task will not be easy on them but added that they must brace up and do what is right for the good of Rivers State.
News
Brain Drain: Senate Seeks Improved Budgetary Allocations To Universities
The Senate has called for improved budgetary allocations to universities in the 2025 budget in order to check brain drain and other challenges in the universities.
The Tide’s source reports that the senate’s decision followed adoption of a motion at plenary, yesterday.
The motion, titled “Urgent Need to address challenges of increasing cases of brain drain in the Nigerian University System.” was sponsored by Sen. Ani Anthony (APC- Ebonyi).
Ani, in his motion said over the years, there has been a significant outflow of highly educated professionals in Nigeria, especially in the academia, in quests of better working conditions.
According to him, this worsened the skill gap in the workforce and is capable of hindering economic growth and development of the country.
Ani said that the National Universities Commission (NUC) report indicated that many Nigerian universities operate with less than 50 per cent of the required academic staff.
He expressed worry that the remunerations of the Nigerian university lecturers was among the poorest in the world, and it was last reviewed over 15 years ago.
This, he said cannot meet the current economic realities of the country.
He lamented that many universities in other Western African countries have better working conditions than what was obtainable in the Nigerian university system.
“I am worried over the continuous loss of experienced faculty members from our ivory towers to other countries, is capable of impacting negatively on the quality of education.
“ This reduces the effectiveness of teaching, learning and mentorship for students in our higher institutions.
“Also worried that brain drain has assumed an unprecedented posture in recent time, due to the current economic situation of the country.”
He stressed that the brain drain syndrome in Nigeria should be a cause for concern, as it threatens survival of the nation ‘s higher education, particularly in engineering, medicine and sciences.
He said the sectors were critical for the socioeconomic development of the country.
However, the Senate in its other resolution, mandated the Committee on Tertiary Education and TETFUND to liaise with relevant government agencies and work out modalities to check the spate of brain drain, in Nigeria universities.
Senate President Godswill Akpabio in his remarks said all hands must be on deck to proffer solutions to issue of brain drain, as a matter of concern in the nation’s tertiary education.
He said that the reasons for brain drain was basically economic in nature.
He expressed believe that a review of the employment of personnel in tertiary institutions would help mitigate the brain drain issue.
-
News4 days ago
APC Ahoada East Lauds LG Elections, Supporters
-
Sports4 days ago
NFF Boss Promises World Cup, AFCON Title In 2026
-
Rivers4 days ago
New Omuma LG Boss Promises Fresh Lease Of Life
-
Nation4 days ago
HYPREP Moves To Offer Postgraduate Scholarships To Ogoni Students
-
News4 days ago
Fubara, Abdulrazaq, Others Visit To Condole Gov Umo
-
Rivers4 days ago
Rivers new CP assumes office promises neutrality
-
Sports4 days ago
Arokodare Hopeful Of Eagles Call-Up
-
Rivers4 days ago
Former Guber Candidates Hail LG Polls …Congratulate Winners