Business
Reps Commitee To Compile 2012 Budget Report
The House of Representatives on
Tuesday mandated the Joint Committee on Finance and Appropriation to compile a
comprehensive report on revenues, expenditures and unforeseen savings in the
2012 budget.
The report, according to the lawmakers, is aimed at
ensuring the full implementation of the budget.
The committee is expected to submit the report to the
House within one week.
The resolution to that effect emanated from a motion
moved by Rep. Abdulrahman Terab (ANPP-Borno) which was unanimously adopted.
Leading the debate, Terab noted that annual budgets were
meant to provide for the planning and equitable allocation of resources for
purposes of development.
Terab said that the national budget, if well formulated
and effectively implemented, would lead to the achievement of development
objectives of the country.
The lawmaker disclosed that Nigeria had infrastructural
deficit of over N4 trillion and a very high unemployment rate of over 70 per
cent.
He said that the revenue receipts so far for 2012 was
higher than what was projected for in the 2012 fiscal regime.
Terab also described the fourth quarter capital releases
to Ministries, Departments and Agencies (MDAs) in December as inadequate.
He claimed that only about 30 per cent of money
appropriated was actually remitted to the MDAs.
He said that money saved from recoveries, non oil,
unspent revenues and fake subsidy claims were not captured in the 2013 budget
estimates.
“If this House does not come to the rescue of the 2012
budget, the dream of Nigeria becoming one of the 20 great economies by the year
2020 can no longer be achievable,” he said.
Rep. Abdulmumin Jibrin (PDP-Kano), the Chairman,
Committee on Finance, said that out of the 60 revenue generating agencies of
government, only one remitted up to 50 percent to the Federation Account.
Jibrin called on relevant committees of the House to
investigate the role of the Bureau of Public Procurement (BPP) in the area of
budgeting. He told the House that 15 agencies were absent from the meeting with
the committee.
The chairman, Committee on Appropriation, Rep. John Enoh
(PDP-Cross River), urged the House to ensure a conclusive implementation of the
2012 budget.
Enoh noted that unless the House was careful, the budget
would witness more abandoned projects than the previous years.
“Given the problem that characterised the 2012 budget,
we need to examine the 2013 budget, “ he said.
Business
Kenyan Runners Dominate Berlin Marathons
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.
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