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FG Releases 15% Of Capital Projects’ Funds

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The Minister of National Planning and Budget, Senator Udo Udoma, yesterday told the Senate Committee on Appropriation that the capital releases of the Federal Government currently stands at 15%.
According to the Minister , this was due to low revenue generation across the revenue agencies of the government.
Sen .Udoma also explained that the procurement procedure, as well as the activities of the militants in the Niger Delta region, had grossly reduced the volume of oil exportation, hence, the low revenue profile of government which in turn is affecting capital releases.
Recall that President Mohammadu Buhari’s government had in its N6.6 trillion budget for 2016, voted about a trillion naira for capital expenditure, but little is being currently done in capital budget implementation due to revenue shortfall being experienced by the government.
Udo Udoma further pointed out that the procurement procedure problem arose from the six months requirement for procurement process on execution of new projects as provided for, in the Public Procurement Act.
His words, “no new project is ripe for any capital releases because of the six months of procurement process including advertising and so on. It is only existing projects which already met the criteria for the various procurement stages that are qualified for capital releases”.
According to the Minister, the overall revenue for the first quarter, was about 55% of the projected revenue expectations which, according to him was due to the agitation in the Niger Delta by militants and earlier difficulties faced by importers in accessing foreign exchange.
His words, “the bulk of the problem of low revenue generation came from militant agitations in the Niger Delta which affected oil production that prevented us from reaching the 2.2 billion barrel even though the price is going up.
“At a point production went down to one million barrel but right now, we have been informed by the Minister of Petroleum that it is going up again to about N1.9 billion barrel but that, the revenue will come in three months time because the generation of today is not the revenue of today but of three months time”, he said.
Udoma however expressed optimism that many of the new capital projects captured in the budget would be executed , since the duration for the budgetary implementations has been extended to May next year by the National Assembly, more so, with revenue going up now.
“The National Assembly gave us till May next year to carry out the capital expenditure and we still have 10 months of capital spending to do.
“Nevertheless, out of the capital for MDAs, out of N1, 587, 598, 122, 028, we have released N235, 916, 566, 642 ( 15 percent), he added.
“In personnel releases, the budget was N1, 723, 819, 398, 198 but was we released was N871, 459, 760, 939 which comes to about 50 percent. This is the way it should be because we are already in July and we have done six months which is half of the year.
“For overhead, the budget is N218, 368, 364, 886 and we have released N52, 913, 047, 226 (25 percent), he explained.-
The committee chairman, Danjuma Goje in his remarks indicated that  the committee ensure will in the remaining 10 months thoroughly mark closely the budgetary implementations , especially the capital expenditure

 

Nneka Amaechi-Nnadi, Abuja

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FG Ends Passport Production At Multiple Centres After 62 Years

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The Nigeria Immigration Service 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, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.

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.

He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.

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FAAC Disburses N2.225trn For August, Highest In Nigeria

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The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.

This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.

The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.

Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.

The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.

From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.

From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.

Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.

From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.

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KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus

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The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.

The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.

The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the  Polytechnic, recently.

Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.

He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.

This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly,  Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.

The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.

Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.

He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.

The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.

Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.

 

Chinedu Wosu

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