Connect with us

Business

Centre Trains 716 Officials On Planning, Budgeting Processes

Published

on

The Centre for
Management Development (CMD) says it has built the capacity of no fewer than 716 officials from federal Ministries, Departments and Agencies (MDAs) on effective planning and budgeting.
CMD is an agency under the Ministry of Budget and National Planning with the mandate of providing services in the areas of management training and development, economic management, administration and research.
Its Director-General, Dr Kabir Usman, announced this to newsmen at a programme for directors of Planning, Research and Statistics (PRS) in Lagos on Thursday.
The programme was organised for 450 PRS directors and senior officials drawn from 50 Federal Government MDAs, aimed at building their skills on planning and budgeting.
Usman said that the agency had earlier trained 266 officials as train-the-trainers programmes.
According to him, this is to raise the capacity of staff in the areas of planning and budgeting as well as monetary evaluation.
“The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, took it beyond this; we later got nominations from all the MDAs for this programme.
“They have come to learn how to articulate the future, link planning with budgeting and ensure that there is value for money kind of budgeting.’’
“2017 budget is what I call valuing budgeting because it targets areas of priority so CMD is providing that capacity,’’ he said.
Usman said that the minister had placed so much emphasis on capacity building and had mandated the agency to build capacity of officials on understanding budgeting such as Zero-based budgeting.
“People conceive projects but they don’t really articulate it very well, funds are allocated and you have so many abandoned and uncompleted projects.
“This is a disaster because it costs a lot in the country; it simply means there is a wastage and linkage,’’ he said.
According to him, the officials attending the workshop for the past three days will go to their various MDAs to implement what they have learnt.
Usman said that the knowledge acquired from the training would help them to analyse the importance of the Medium Term Sector Plan (MTSP) to national development goals.
He said it would help them to analyse the critical role of the Medium Term Expenditure Framework (MTEF) to achieve sustainable development.
“They will be able to analyse the significance of research and statistics in policy making and implementation; critique current project selection and implementation processes.
“They will also be able to use strategic planning techniques for goal achievement and identify impeding forces in strategic planning,’’ Usman said.
In addition, he said, the participants would be able to create an intelligent linkage between strategic plans, policies and budgeting process.
“I wish we would get additional funding to support the director of PRS, commissioners of budgeting and planning from all the states.
“This is a national government; the ministry doesn’t only plan for the Federal Government but for the nation.
“If we have opportunity, we will extend the training to the local government level.
“Certainly, we need to build the capacity of our people; for the past three years, we have been struggling to enable us to do that.
“We are grateful to the minister for giving us the opportunity which we have not had for three years,’’ Usman said.
The theme of the workshop is “Strategic Planning, Plan Formulation and Effective Linkage to the Budgeting Process”.

Continue Reading

Business

Boat Mishap Kills Pastor, Wife And Church Members  In Brass Water

Published

on

A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways
The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and  members of his church were in a programme.
?
?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet  to be recovered
as search party are still ongoing.
Although the real cause of the boat Mishap is not yet known as at the time of this report,  our Correspondent gathered  that the identities of the Pastor, wife and church members were not disclosed to the public.
The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit
The Bayelsa State government and the state police command are yet to issue official statement’s  on the sad accident
By: CHINEDU WOSU
Continue Reading

Business

Rivers Workers Seek Scrapping Of Contributory Pension Scheme

Published

on

The Rivers State Council of  Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.
Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt,  recently.
Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.
He noted that  the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.
According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.
He also  informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.
“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.
Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.
The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.
He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.
Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.
The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.
He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.
Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.
By: King Onunwor
Continue Reading

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

on

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
Continue Reading

Trending