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Senate Set To Pass 2022-2024 MTEF/FSP, ‘Morrow

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President Muhammadu Buhari has written to the Senate, seeking the consideration and subsequent approval of the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) as required by the Fiscal Responsibility Act.
The President of the Senate, Dr Ahmad Lawan read the letter from President, yesterday during plenary.
The Senate has, however, stepped down the rules to enable the President of the Senate to refer the communication to the appropriate committee.
Thereafter, Lawan referred the communication to the Joint Committees on Finance, National Planning, Banking, Insurance, and other Financial institutions; Petroleum on Downstream, Upstream, Gas Resources and Foreign and Local Debts.
Accordingly, the President the Senate of the Senate then asked the committee to work on yesterday, today, and to be considered and passed on Thursday.
It would be recalled that the Federal Executive Council (FEC), penultimate Wednesday, approved the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) as required by the Fiscal Responsibility Act, projecting revenue generation of N6.54trillion and N2.62trillion to accrue to the Federation Account and VAT, respectively.
The council also authorised the funding of a N5.26trillion budget deficit through borrowings.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who briefed State House Correspondents at the end of the meeting, had said that said she presented a memo on behalf of the ministry to FEC with a 2022 projected revenue of N6.54trillion and N2.62trillion to accrue to the Federation Account and VAT, respectively.
The minister, who noted that this revenue was projected to increase in 2023 to N9.15trillion, explained that the MTF FSP describes the Federal Government’s socio-economic and developmental objectives and priorities for the reporting period of 2022 to 2024 as well as the fiscal strategies to be put in place, and policies to achieve in the priorities.
The minister further explained that the report to the council highlighted the key drivers of the government’s revenue and the spending plans.
“The goal for us is to improve the nation’s macroeconomic situation or reposition the economy on the path of inclusive diversified as well as sustainable. The MTF FSP consists of medium-term macroeconomic projections, fiscal targets, and estimates of revenue and expenditure including the government’s financial obligations. We have also presented to the federal government the projected revenues for 2022 to 2024; specifically for 2022.
“The revenue that we expect is N6.54trillion and N2.62trillion to accrue to the Federation account on VAT, respectively. And then there will be net oil and gas revenue available for the Federation account FAAC for distribution will be N6.151trillion in 2022.
“This revenue is projected to increase in 2023 to N9.15trillion. The total expenditure that we are expecting we have projected and approved by Council is an aggregate expenditure of N13.98trillion. This includes N1.1trillion of government-owned enterprises expenditure as well as grants and donor funds donor-funded projects in the sum of N62.24billion.
“This means that this budget is just 3% higher than the 2021 budget in terms of the size of expenditure. We also reported to the council the budget deficit and the financing items for the expenditure. The budget deficit that is projected for 2022 is N5.62trillion, up from N5.60trillion in 2021. This amount represents 3.05% of the estimated GDP, which is slightly above the 3% threshold that is specified in the fiscal responsibility, Act.”

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Registrar Lauds RSG For Sponsoring Candidates To Write Neco Exam

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The Registrar of National Examination Council (NECO), Prof. Dantari Ibrahim Wushishi, has commended the Rivers State Government for its patronage in sponsoring candidates in public schools to write NECO examination.
The Registrar made the commendation over the weekend when he visited the State Commissioner for Education, Dr. Ovy Chinedum Chukwuma in his office in Port Harcourt.
He disclosed that Rivers State was the first among other States to patronise NECO and to also support their operations in the State, adding that the gesture was because of the government’s high regard for education of its citizens.
He stressed that the examination body is highly challenged to continue to provide, quality service to the nation, hence, the running cost of the council is from funds generated from registration fees from candidates of which Rivers State is given high patronage.
In his words, ” The Federal Government does not give us any appropriation to conduct the examination. Federal government only provides personal cost for payment of salaries. Whatever we do to conduct examinations and deliver to nigerian are all generated from registration fees and other sundry fees associated with the examination”, he said.
Responding, the Commissioner for Education, Dr Ovy Chinedum Chukwuma, said registration of candidates for the examination is a direct result of the high premium the state governor, Sir Siminalayi Fubara placed on education in the State.
In his words, “we have deep commitment and partnership with NECO and we are ready to do more, “adding that the Ministry will not fail the expectations of NECO on them and encouraged them to place NECO globally, such that it would be recognised all over the world.
The commissioner and the registrar with their different teams also monitored the on going NECO Examination together in the State.

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15 States Risk Severe Flooding This Month -FG

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The Federal Government has issued a warning about potential severe flooding in 15 States due to heavy rains expected later this month.
The Federal Ministry of Environment, through its spokesperson, Haruna Ibrahim, announced that these States should brace for significant rainfall from July 21 to July 25, 2024, which could lead to widespread flooding.
According to the release, the states are, Adamawa State, Benue State, Jigawa State, Borno State, Kebbi State, Kano State, Kaduna State, Katsina State, Kogi State, Nassarawa State, Niger State, Plateau State, Sokoto State, Taraba State, Zamfara State
Steps for Effective Flood Preparedness
1. Stay Informed: Monitor weather forecasts and heed local alerts. Use trusted sources like government websites, local news stations, or radio for real-time updates.
2. Emergency Kit: Assemble an emergency kit that includes non-perishable food, water, medications, flashlights, extra batteries, and crucial documents. Keep it in a place that’s easy to access.
3. Elevate Electrical Units: Lift electrical systems and appliances above expected flood levels. Disconnect them during heavy flooding to avoid electrical hazards.
4. Use Sandbags: Deploy sandbags to shield your home. Arrange them effectively to redirect water away from critical areas.
5. Secure Loose Items: Fasten down outdoor items such as patio furniture and garbage bins to prevent them from becoming hazardous in strong winds.
6. Evacuation Plan: Familiarize yourself with local evacuation routes and plan accordingly. Determine safe locations or higher grounds for refuge.
7. Flood Insurance: If you reside in a flood-prone zone, consider getting flood insurance since typical homeowner’s policies do not cover flood damage.
8. Communication Plan: Set up a reliable way to stay in contact with family during a crisis. Make sure everyone knows the emergency plan.
9. First Aid Skills: Acquire basic first aid knowledge to help yourself and others in emergencies.
10. Avoid Floodwaters: Never attempt to walk or drive through floodwaters. They can be unexpectedly deep and forceful, presenting severe dangers.

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Jonathan Urges NDDC To Complete Abandoned Projects In N’Delta 

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Former President Goodluck Jonathan has urged the Ministry of Niger Delta Development and the Niger Delta Development Commission (NDDC) to prioritize the completion of abandoned projects in the region.

He also encouraged state governments within the Niger Delta to collaborate closely with the NDDC, so as to foster efficient synergy to achieve legacy goals.

This is as the Minister of Niger Delta Development, Engr. Abubakar Momoh, has emphasized the urgent need to address environmental sustainability and economic diversification in the Niger Delta.

Speaking at the Niger Delta Stakeholders Forum 2024, at the Obi Wali International Conference Center, Port Harcourt, Rivers State, the former President commended the Minister and the NDDC board and its management for their effective performance so far and advised them to complete all abandoned projects.

On his part, the Minister of the Niger Delta Development and Chief host, Engr. Momoh, while speaking on the theme, “Renewed Hope for Sustainable Development of the Niger Delta Region,” emphasized the urgent need to address environmental sustainability and economic diversification in the region.

The Minister in a statement by his Special Assistant on Media, Osigwe Omo-Ikirodah, highlighted efforts like the Ogoni Clean-up Project and initiatives for cleaner energy such as Compressed Natural Gas (CNG).

Momoh stressed the importance of diversifying the Niger Delta’s economy by investing in various sectors and pointed out the region’s untapped potential in tourism and the blue economy.

He assured the audience of the government’s commitment to infrastructure development, citing recent projects like the 25.7km Ogbia-Nembe Road in Bayelsa State.

He said that the summit’s theme was a call to action, aligning it with the ‘Renewed Hope Agenda’ of President Bola Tinubu’s administration and emphasizing the need for collective effort to harness the region’s resources and cultural heritage for sustainable development.

He also emphasized the need for peace and security in the Niger Delta, urging all stakeholders to address the root causes of unrest and conflict.

Momoh advocated for inclusive development that reaches every community, prioritizing the empowerment of women and youth.

In his remarks, President of the Senate, Godswill Akpabio commended the Ministry of Niger Delta Development and the NDDC’s board and management for their commendable work.

He highlighted the stalled East-West Road project, emphasizing the need for strategic project management and continuity.

A former Governor of Cross River State, Mr. Donald Duke called for investments in agriculture, tourism, manufacturing, and technology to ensure the region’s long-term prosperity.

The event, co-hosted by NDDC Managing Director Samuel Ogbuku and Board Chairman Chiedu Ebie, was graced by former President Goodluck Jonathan; Senate President Godswill Akpabio, who represented President Tinubu; Senator Adams Oshiomhole; former Cross Rivers Governor Donald Duke; former Bayelsa State Governor Seriake Dickson; and traditional rulers from across the Niger Delta.

Other attendees included Senator Asuquo Ekpenyong, HM Ekperikpe Ekpo, Ondo State Governor, Lucky Aiyedatiwa, the Abia State Deputy Governor, Senator Monday Okpebholo, and Minister of Interior Olubunmi Tunji-Ojo.

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