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Dickson Proposes N150bn Appropriation Bill For 2016

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Bayelsa State Governor, Hon. Seriake Dickson on Friday presented a N150 billion Appropriation Bill tagged Budget of Transition for the 2016 fiscal year, as against N250bn passed into law in 2015 to the State House of Assembly.
The recurrent expenditure as presented to the State House of Assembly for passage into law, stands at N43bn and capital expenditure, N25.4bn.
In his presentation, the governor said the budget would be committed to the completion of ongoing projects in the state.
The projected statutory allocation from the Federation Account, according to the governor, is put at N82.3 billion, capital receipts of N51.2 billion, independent revenue sources of N11 billion, which make up the expected total revenue.
The recurrent expenditure as presented by the governor, is having the highest allocation of N43 billion. This would enable the present administration to keep faith with the payment of workers salaries, regardless of the sharp drop in revenues occasioned by slide in crude oil prices.
Other expenditure items include, consolidated revenue fund charges N61.8 million, overhead of N20.2 billion, while capital expenditure was put at N25.4 billion.
Governor Dickson, who described the provision for capital expenditure for the current fiscal year as the least he has ever presented throughout his first term, however promised to review the allocation in the event of any positive change in the revenues accruing to the state.
In his sectoral breakdown, On sectoral allocations, the Ministry of Works and Infrastructure got the highest allocation of N5.2 billion, education N4 billion, Health N2 billion, Sports N1 billion, Community development N1.7 billion and Agriculture and natural resources N1.3 billion.
The Ministry of Tourism Development got N1.1 billion, Transport N1.1 billion, Housing and Urban Development N1.4 billion part of which the Governor said, would be utilized to build low income residential houses, in partnership with the private sector as land has already been acquired in different parts of the state for that purpose.
Assessing the performance of the 2015 budget of N250 billion comprising an anticipated statutory allocation of N182 billion, capital receipts of N48 billion, Value Added Tax N8.6 billion, Governor Dickson said, what the government received was a far cry from what was projected.
According to him, actual statutory allocation for the 9 months ending at September was N146.5 billion, which he noted was 47% lower than what was budgeted for, VAT N5.3 billion, independent revenue sources N6.2 billion while aids and grants amounted to N1.2 billion

 

Fyneface Aaron, Yenagoa

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CILT Holds Summit In Oct

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The Chartered Institute of Logistics and Transportation (CILT), Nigeria, is billed to hold its summit from October 11 to 12, at the Oriental Hotel in Lagos.
The summit, which is aimed at promoting Nigeria’s Transport and Logistics Sector, is expected to bring together global transport veterans, lawyers, shipbuilders, bankers, academics, and consultants to discuss latest issues in the logistics and transport sector.
It will focus on logistics and transportation chains perspective with renowned experts presenting papers.
Chairman of the event’s planning committee, Prof. Kayode Oyesiku, revealed this much during a press briefing in Lagos, saying the event would correct Nigeria’s poor logistics performance index (LPI).
According to Prof. Oyesiku, the summit would have robust participation of transport experts from the academics to veterans in operations as quality research papers and thematic sessions will be held.
The conference themed; “Sustainable Innovations in Global Logistics and Transport”, takes into cognisance the fact that Nigeria’s logistics and transport sector is plagued by a myraid of challenges, Oyesiku said.
“The conference will comprise various technical sessions where subject-matter experts will lead conversations primarily aimed at interrogating the future of logistics and transport operations in Nigeria, especially within the context of a rapidly changing service environment, technological innovations and extensive planning dynamics that characterise logistics, transport and supply chain at the present time”, he said.
The Chairman, who was the pioneer Vice Chancellor of the Tai Solarin University of Education, stressed that the conference will attract scores of delegates from within and outside Nigeria, including business leaders, the academia and policy makers.
“This conference will encourage multidisciplinary networks and will provide platforms for academics and professionals to identify and examine the challenges, as well as proffer effective solutions for national logistics and transport operations,” he said.
He observed that LPI of nations is now the yardstick for measuring their economic resilience and competitiveness, noting that nations where LPIs are weak have also been characterised by vulnerable economies with high business risks.
The event will also feature exhibitions of transportation and logistics products from cognate industries and sectors, while availing an opportunity for Continuing Professional Development (CPD) for industry stakeholders and providing an excellent platform for networking.

By: Nkpemenyie Mcdominic, Lagos

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Air Transportation Demand Increases By 103.6% -IATA 

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The world’s apex transport body, the International Air Transport Association (IATA), has said the global air transportation demand has tremendously increased as at June this year.
The global transportation organisation said passenger data for June 2022 has shown that the recovery in air travel remains strong with a 103.6 per cent rise.
According to the IATA’s research data, which was made available to aviation correspondents, the total traffic in June 2022, which was measured in revenue passenger kilometers, was up 76.2 per cent compared to June 2021.
The report stated that the increase was primarily propelled by the ongoing strong recovery in international traffic in the air transportation.
“Globally, the demand for air transport traffic is now at 70.8 per cent of pre-crisis levels, in the latest research findings”, IATA report stated.
According to the data report, strong improvements in most markets, combined with the easing of some Omicron-related lockdown restrictions in the Chinese domestic market, contributed to the increase in domestic traffic for June 2022, which is reported to be up 5.2 per cent compared to the same period in the previous year.
From the report, total  domestic traffic for June 2022 was at 81.4 per cent, as compared to that of the June 2019 level.
IATA’s Director General, Willie Walsh, said, “Demand for air travel remains strong. After two years of lockdowns and border restrictions, and people are taking advantage of the freedom to travel wherever they can.”

By: Corlins Walter

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Ticket Racketeers, Touts Resurface In PH Airport

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Flight ticket racketeers, otherwise referred to as touts and fraudsters, that were once flushed out of the Port Harcourt International Airport, have resurfaced with their nefarious activities.
The Tide had initially reported their unwholesome activities when they emerged sometimes last year, which was tackled by the airport’s management.
The phenomenon has taken another bold dimension, as this group of persons carry out their activities more openly right in front of the departure terminal of the domestic wing of the airport.
The Tide observed that some of the old faces known in the act have come back with new recruits. Their slogan has been “I have come to hustle at the airport”.
They usually lead travellers who are not convasant with airport operations away to extort money from them on flimsy issues.
They will, at the first instance, approach their potential victim(s) on the pretence that they will assist in getting travel documents like the boarding pass from the airline, and would make the passenger feel relaxed in the nearby fast food joint, while they make contact with their airline partners for the documents.
Their target is usually to extort the ignorant passenger, as various charges will be hipped on him, like COVID-19 charge, agent fee, and boarding pass charges, which are not official charges of the airline.
The Tide further observed that some innocent passengers who got into their trap sometimes missed or nearly missed their flights, mostly because of argument that would ensue over the alien charges.
When they have succeeded, the money will be shared among them, and the circle continues till the end of the day, after which each of them likely goes home with a reasonable sum.
One of them, fondly called ‘Ime’, who was apprehended by Air-force personnel after he hijacked the sum of N50,000 given to them and ran into the bush, recently, had confessed that he was doing such to hustle for a living.
Although The Tide gathered that his mobile hand-set and other belongings were seised by the Air-force personnel, the said lme was still seen parading himself at the airport.
Meanwhile, the Head of Corporate Affairs at the airport, Mr Kunle Akinbode, could not be reached at the time of filing this report, as he was said to be away for other engagements.

By: Corlins Walter

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