Politics
NASS To Receive Tinubu’s 2024 Appropriation Bill, Today
President Bola Ahmed Tinubu will today, present the 2024 budget to the joint session of the National Assembly.
Secretary, Research and Information of the National Assembly, Dr Ali Barde Umoru, confirmed this on Monday to journalists while requesting the list of those to be allowed into the chamber during the budget presentation.
This will be the first budget estimate President Tinubu will present to the National Assembly in person.
He had earlier transmitted two supplementary budgets, 2022 and 2023, to the National Assembly, which the parliament speedily approved.
President Tinubu had, weeks ago, also forwarded to both chambers of the National Assembly, the 20224-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) where the sum of N26.1 trillion was proposed as the total expenditure for the 2024 fiscal year.
The Senate, following the recommendation of its joint committee, which scrutinised the document, approved the MTEF/FSP.
It approved the N26.1trn proposed as the 2024 budget and other parameters as proposed by President Tinubu.
It approved the new borrowings of N7.8 trillion, pegged the benchmark of oil price for 2024 at $73.96, and oil production volume per day at 1.78 million barrels.
Other parameters approved are a GDP growth rate of 3.76%, an inflation rate of 21.40%, an exchange rate of N700 to $1 dollar, and a projected budget deficit of N9.04 trillion.
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.
Politics
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