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NASS May Pass 2017 Budget In April

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The 2017 Appropriation Bill may be passed before May 2017.Chairman, Senate Committee on Appropriation, Senator Danjuma Goje, who disclosed this yesterday warned heads of Ministries, Departments and Agencies (MDAs) to desist from the practice of “mopping up” of funds at the end of March, 2017.
The lawmaker said that the lifespan of the 2016 budget would end on May 5, 2017.Goje said the National Assembly maybe compelled to extend the validity period of the budget, in the event that it is unable to pass the 2017 Appropriation Bill on or before the midnight of May 5, 2017.
He said: “Last year, when we were producing this 2016 Appropriation Bill, we realized that at the end of each year, there were usually requests for an extension of the budget from the executive. To avoid that, we decided to incorporate this new thing.
“In the 2016 Appropriation Act, which President Muhammadu Buhari signed into law, clause 11 of it says that “in line with the provisions of Section 318 of the Constitution of the Federal Republic of Nigeria 1999, as amended, this bill will run for a period of 12 months, starting from the day it is assented into law.”
The Senate committee on Appropriation, for instance, is yet to get reports from all the standing committees on the 2017 budget. Meanwhile, the National Assembly and human rights lawyer, Mike Ozekhome have asked the Economic and Financial Crimes Commission (EFCC), to show accountability by letting Nigerians know the assets it has so far recovered and their worth.
Chairman, Senate Committee on Anti Corruption and Financial Crimes, Senator Chukwuka Utazi set the tone for the demand at the maiden national anti corruption stakeholders’ summit hosted by the EFCC in Karu yesterday.
According to him, making such records available to stakeholders, especially the legislature will ensure transparency. He said the fight against corruption should be done with strategies and technical competence devoid of sensation of arrest and media trials that negate the rights of being innocent until proven guilty.
Corroborating this stance was Mike Ozekhome, whose funds are currently frozen by the commission. He said media trials are against the rule of law and should be avoided by EFCC.
Ozekhome stated that to arrest the suspect prior to getting the evidence, and keeping him in custody to extract information, force him to confess or part with certain money is not the rule of law.
“We need to know the amount being recovered because there is this belief that recovered houses are sold to cronies at give away prices,” he said.Chairman House Committee on Anti Corruption and Financial Crimes, Kayode Oladele urged the EFCC to focus more on the change of attitude among Nigerians rather than prosecution alone.
Oladele noted that with a change in the value system, a lot can be achieved better than endless amendment of laws.Keynote speaker, former Governor of Edo State, Adams Oshiomhole, commended the EFCC for its efforts so far, at fighting corruption despite the allegations of corruption leveled against its leadership.
He stated that the leadership and political will demonstrated by President Muhammadu Buhari has ensured that certain categories of people who were hitherto untouchable, are now answering to corruption charges in the courts.
Meanwhile, the Speaker House of Representatives, Mr Yakubu Dogara, yesterday gave Friday deadline to committees yet to submit report of 2017 budget to the Committee on Appropriation to do so.
Dogara gave the deadline at plenary and said that there was urgent need for the House to conclude work on the 2017 Appropriation Bill.
He said that any committee that failed to meet the deadline will face the consequences.
According to him, the affected Chairmen and Deputy Chairmen of committees should endeavour to submit their reports latest March 30 to enable the Appropriation Committee hasten the process of passing the 2017 Appropriation Bill.
Spokesman of the House, Rep. Abdulrazak Namdas, had on March 16, told newsmen that March 30 deadline set by the National Assembly for the passage of Bill was not sacrosanct.
Namdas had explained that the inability of the lawmakers to meet the deadline was due to the new software being used in the process.
According to him, the new software is slowing down the work of the Appropriation Committee.
“The new budget software is different from what we used to have before and it is slowing down the process of the Appropriation Committee,’’ Namdas added.

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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