Politics
Reps OKay C’ttee’s Report On 2013-2015 Expenditure
The House of Representatives has approved the Conference Committee’s report on the 2013-2015 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
It would be recalled that the Senate and the House on October 9 and October 19, respectively, set up a conference committee to reconcile differences in the recommendations from the two chambers.
This approval followed the report presented by the Conference Committee of the House.
Presenting the report, Rep. John Enoh (PDP-Cross River), the Chairman of the House Committee on Appropriation, urged the House to approve the report as the Senate would also approve the same report.
He said that a lot of consultation took place to ensure that an agreement was reached.
Enoh said further that after an extensive deliberation and consultation by the Conference Committee, the benchmark price of $79 per barrel was recommended.
He said that additional funds arising from the $4 increase would be used to reduce domestic borrowing and deficit, as well as funding critical infrastructure.
The lawmaker said that the Conference Committee cautioned government on foreign borrowing after a thorough scrutiny of the two versions of recommendations.
The Committee recommended 30 per cent and five per cent for Corporate Tax and Value Added Tax (VAT) rates for 2013-2015 respectively.
It recommended the transfer of Comprehensive Import Supervision Scheme (CISS) Account to Nigerian Customs Service.
The committee rejected the structures being set-up in states, senatorial zones and local governments in respect of the Federal Government’s Subsidy Re-investment (SURE-P) intervention programmes.
It recommended that the details of SURE-P to be executed under the programme be attached as an addendum to the Annual Appropriation for scrutiny and approval by the National Assembly.
It further recommended that the crude oil production levels should be retained as 2.526 mbpd for 2013, 2.611 mbpd in 2014 and 2.648 mbpd in 2015.
According to the committee, the revenue target of the Nigeria Customs Service (NCS) for 2013 should be increased.
It urged government to take urgent steps to review all laws that allow its agencies to expand their revenue with little or no operating surpluses.
The committee also called for increased funding for frontier exploration services to increase the nation’s crude oil resources, and said that government and its agencies must comply fully with the Fiscal Responsibility Act, 2007.
It recommended that priority attention and prominence should be given to the sustenance of people in the Niger Delta in order to guarantee production of crude oil.
Politics
LP Crisis: Ex-NWC Member Dumps Dumps Abure Faction
Mr Ojukwu, who recently returned to the interim National Working Committee led by Senator Esther Nenadi Usman, noted that the party had 34 elected members in the House of Representatives, eight Senators, and 80 members at the state Houses of Assembly after the 2023 general elections.
“Now we lost all of them,” he said. “I don’t think we have as many as five members in the National Assembly.”
The former national officer of the LP talked to journalists in Abuja and said he chose to join the caretaker committee led by Senator Nenadi-Usman because they are now the officially recognized leaders of the Party.
“I chose to work with the caretaker committee to help save the Labour Party, for the benefit of the party. I also want to use this chance to ask my colleagues at the national, state, and local government levels to come together and help rebuild our party.
“Another election is around the corner. We lost everything we have. They have left to other political parties. So I’ll reach out to all my friends in the other group to get together and work on making this party stronger again.
“The caretaker committee has formed a reconciliation committee. Let’s come together and talk so that we can restore the first opposition political party in Nigeria.”
Mr Ojukwu, who was part of the Julius Abure’s group, said there are no more factions in the LP.
He added, “There is a court ruling, and since it is valid, the right people are in the correct positions.”
He urged Barr Abure and others to drop the legal cases they have filed because they are not helping the party.
“Litigations are killing political parties”, he said. “They’ve seen many political parties disappear because of legal battles, and the Labor Party is losing support every day, which makes me feel sad.”
Mr Ojukwu said he did not think joining the Senator Nenadi-Usman’s NWC was a betrayal of the Abure group, describing himself as “the oxygen” of that faction.
“I’m with this group because of the verdict. But I never betrayed anybody. Rather, I was betrayed,” he added.
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