Politics
Opposition Reps Stage Walk Out During Plenary Over Ways And Means Bill
Members of opposition political parties in the House of Representatives, on Wednesday, staged a walkout over a bill seeking to raise the ways and means cash advances from five to 10 per cent.
The walk out came at plenary, after an amendment by the Minority Leader, Kingsley Chinda, that the ways and means be reduced to two per cent was rejected.
Section (38) of the CBN Act (2007) provides that the advance by the apex bank, in the form of ways and means, must not exceed five per cent of the previous year’s revenue of the federal government.
Hon Chinda moved the amendment during the consideration of the report on the bill at the committee of the whole, saying this would enhance transparency in federal government’s spending.
The report proposed raising the ways and means advances from the existing five to 15 per cent.
Chairman of the Committee on Finance, Hon James Faleke, however, opposed Hon Chinda’s amendment, urging the House not to go below the five per cent in the Act.
“For us to move on, we need to move up. For the issue of transparency and accountability, the Committee (on Banking and Currency) has the responsibility to oversight,” he said.
Contributing to the debate, Hon Ibrahim Isiaka, lawmaker from Ogun State, supported Hon Faleke’s position, proposing that it should be raised from five to 10 per cent.
On his part, former Deputy Speaker of the House, Idris Wase, from Plateau State, moved a motion for an amendment that 10 per cent should be maintained.
Benjamin Kalu, the Deputy Speaker and presiding officer, appealed to members for understanding, in view of the recent increase in the minimum wage of workers, saying the government needed more money.
“There is gap, and funding has to come from somewhere to bridge the gap in meeting government’s obligations,” he said.
Consequently, he called for a voice vote on Hon Wase’s amendment motion, the “nays” were louder than the “ayes,” but he ruled in favour of the “ayes.”
This provoked the lawmakers who loudly expressed their dissent with a repeated “no”.
It was at this point the opposition lawmakers, led by Hon Chinda, walked out of plenary.
Subsequently, the report was adopted and passed for third reading.
Ways and means is a loan facility through which the CBN finances federal government’s budget shortfalls.
The CBN law limits advances under ways and means to five per cent of the previous year’s revenue, but this has been observed in breach over the years.
The Rivers State House of Assembly under the leadership of Rt Hon. Victor Oko-Jumbo has endorsed the October 5, 2024 local government elections in Rivers State.
Rt Hon. Oko-Jumbo said this on the floor of the House during its legislative sitting on Wednesday in Port Harcourt.
He said the House aligned itself with a recent Supreme Court’s judgement which directed all states in the country to ensure democratically elected councils in their respective states.
According to the Speaker, the forthcoming election is also in line with the recent Supreme Court’s judgment which outlawed unelected councils’ leaderships in the country.
Rt Hon Oko-Jumbo also said the election is also in compliance with the order of a Port Harcourt High Court that mandated the state electoral umpire to use the 2023 Independent National Electoral Commission (INEC) voter register for the election.
The Speaker said the House was also satisfied with the preparations so far made by both the Rivers State Independent Electoral Commission (RSIEC) and the state government for the conduct of the elections.
The number one lawmaker in the State urged security agencies to ensure adequate security of lives and property during the elections, while calling on eligible voters to turn out en mass and vote for candidates of their choice.
Professor of Political Economy, Prof Pat Utomi, has explained that Nigeria’s fortunes can change for the better if people of character are in positions of authority.
The Professor, who was a guest on a live television programme last Wednesday, said the country has the human capital required to achieve greatness.
“Ultimately, values shape human progress. When we have values and people of character and commitment to service (are) in positions of public authority, our country will turn around,” Prof Utomi said on the programme.
“We have the ingredients, the human capital that it takes to show the way”, he said.
Prof Utomi criticised the loss of Nigerian values and customs, attributing it to the breakdown of the nation’s institutions.
He stated that without robust institutions, such as the court and the electoral body, no nation can advance significantly.
“The biggest challenge we have is that culture is in collapse in Nigeria, values shape human progress. How do we get a values revolution? Institutions are critical for human progress if we can commit to building stronger institutions that push back on people who do not do right and the rule of law is fully in place.
“Look at our judiciary, it is a laughing stock – no country can make real progress without a judiciary that you can rely on. Look at our other institutions, whether it is INEC or others; they are weak.
“How do we ensure that we have strong institutions and that we have values that ensure that character matters and that people of character can show a light? We can do it, I am absolutely confident because I have seen it happen in human history,” he said.
He added that young Nigerians were contributing to the nation’s woes by helping to elect dishonest leaders, asserting that when leaders replace nepotism with competence, the nation will prosper.
Governor of Plateau State, Mr Caleb Mutfwang, has promised that he would not interfere with the electoral process ahead of the Oct. 9 local government elections in the state.
Mr Mutfwang said this on Wednesday as the candidates of the Peoples Democratic Party (PDP) in the Southern and Central zones of the state held rallies ahead of the election.
He said that the State’s Independent Electoral Commission (PLASIEC) had the task of conducting a free, fair and credible elections across the 17 local government areas (LGAs) of the state.
The governor, who urged the residents of the state to vote candidates of the PDP across board, said that his government had made significant impact in the last one year.
”We have pledged to restore the era of transparent elections in Plateau and this is why we are here to campaign for our candidates.
”Our government is making significant progress and will continue to meet the yearnings and aspirations of the people, particularly those in the rural areas.
”So, I call on you to vote for all PDP candidates on Oct. 9; this way, development will spread to all parts of the state,” the governor said.
Mr Mutfwang, who thanked the people of the two zones for overwhelmingly voting him as governor, said that the party would not fail them.
Also, the PDP chairman in the state, Chris Hassan, thanked the people of the zones for their support.
He thanked them for coming out in their numbers to welcome the governor.
Mr Hassan reiterated that the PDP was committed to transforming lives and improving the living condition of the people across the state.
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