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2016 Budget: FG Releases N1.2trn For Critical Infrastructure

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The Federal Government says it has released N1.2 trillion from the 2016 budget to finance critical infrastructure and to meet recurrent needs.
The Minister of Budget and National Planning, Udo Udoma, said this at a Town Hall meeting to celebrate the Mid-Term administration of President Muhammadu Buhari in Abuja yesterday.
Udoma also said that the activity of militancy in 2016 affected the production of oil which created revenue challenges.
“The disruption of oil production in the Niger Delta last year created very serious additional revenue challenges, in addition to low prices, we had low production.
“Never the less, we have been able to meet all of our recurrent expenditure commitment, particularly the payment of salaries to civil servants.
“We have also released N1.2 trillion of the 2016 budget to finance capital projects and programmes.
“This is the most unparalleled in the history of Nigeria’s budget performance, is the highest released that this nation has achieved at a time of dwindling revenues.”
He, however, said that the funds were used for infrastructure, roads, airports, railway lines, Dam and for agricultural supports programme.
Udoma said that 30 per cent of the 2016 budget was dedicated to capital expenditure.
“We inherited an economy with declining revenue and GDP growth, raising inflation, weekly balance of payment, declining foreign reserved, raising public debt, capital market and raising unemployment.
“So, we took an immediate step which is our promise and commitment to fix the economy, so we started by putting together an expansionary N6.06 trillion 2016 budget, tagged budget of change to reflex the economy and reverse this negative trend.”
Also speaking, Minister of Finance, Kemi Adeosun, said that government was working to block leakages, increase on tax GDP and embark on single window projects execution in ports.
Adeosun said the administration needed to stabilise the economy because previously, 10 per cent of government expenditures was on capital projects and 90 per cent on recurrent.
She said that the ministry had to cutdown expenses, overhead money used for travel, stationery by government and track revenue that was not remitted to the government.
“For the Ministry of Finance, our focus now is going to be more on revenue, we borrowed quite a lot in 2016, we don’t want to borrow as much, we want to look at revenue sources, so we are blocking leakages, we are working hard on taxation.
“Only six per cent is attached to the GDP, Nigeria is the lowest in the world. We need to enlighten Nigerians on the need to pay tax and embark on single window projects to block leakages at the ports.”
She said all the 36 states of the federation were viable, noting that the economy is getting better and Nigeria is coming out of recession to become stronger.

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Adeniyi’s Impersonator Faces Trial, Knows Fate, July 3

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The Federal High Court sitting in the Central Business District of the Federal Capital Territory, Abuja, has conducted a hearing of one Ibrahim Shu’aibu, a 50-year-old man, for assuming the character of the Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, among other distinguished personalities in Nigeria, to commit fraudulent activities.
The Nigeria Customs Service (NCS) had in January addressed the media about the suspect’s apprehension by the Service’s Police Unit following his involvement in fraudulent activities, which included luring numerous citizens to pay him money for the issuance of job appointment letters.
During the court hearing, the lead Counsel of the NCS, Abidemi Adewumi-Aluko, said the accused was arraigned on a nine-count charge to which the defendant pleaded not guilty.
Justice Binta Nyako, the Presiding judge, adjourned the hearing to Wednesday, 3 July 2024, and ordered that the accused be remanded with the Nigerian Correctional Service pending the fulfillment of bail requirements.

By: Nkpemenyie Mcdominic, Lagos

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Trans-Border Trade Setback: Shippers’ Council Pledges Support For ITC 

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The Nigerian Shippers’ Council (NSC) has expressed readiness to support the International Trade Centre (ITC) as part of measures toward resolving challenges faced by trans-border traders and trade facilitation.
Executive Secretary, Nigerian Shippers’ Council, Barr. Pius Akutah, disclosed this in Lagos last Friday, when  delegates of ITC, paid a working visit on a fact finding mission.
While harping on the role of the Council as an ombudsmen in port operations, Akutah emphasized that trade facilitation is a major initiative of the NSC, pledging to provide the necessary support to ensure the success of the study brought forward by the ITC team.
He noted that the study will strengthen the Council’s ability to formalize informal trade at border areas, gather statistics, and plan for trade volumes.
Akutah stated that the focus of the study is on agricultural products, as a significant area of potential for Nigeria, not only in the African region, but also globally.
He expressed optimism that the study will help develop skills and improve operations at the Border Information Centre (BIC) managed by the Council.
“Trade facilitation is one of the major aspect of what we do so we are going to give you the necessary support to achieve the success that is desired.
“The study will help us to plan and develop more skills in terms of what we do at the Border Information Centre. Shippers Council is a partner and I want us to take our partnership to the next level that will focus on engagement with our stakeholders”, Akutah noted.
Speaking earlier during the courtesy visit to the NSC headquarters, Associate Programme Officer, ITC, Richard Eke- Metoho, who led the delegation, said the visit to the Council was part of the team’s ongoing study to identify areas for improvement in trade facilitation, particularly at border crossing points.
He stated the importance of collecting data from the Nigerian Shippers’ Council, which manages a border information center at Seme-Krake border.
According to him, some of the identified challenges faced by traders and truck drivers using the Seme-Krake border, a key trade route is the number of checkpoints and lack of scanners.
He said information collected by the team will not only identify existing trade facilitation measures that are working effectively, but also lead to the development of new trade facilitation measures that address the challenges faced by traders
He said, “We are here to collect experience from the Nigerian Shippers Council.
“From our interactions with the Shippers Council, we keep finding similar problem faced by traders, most especially on the number of checkpoints and scanners that are really needed especially for transporters and truck drivers.
“It is still an ongoing study. The more information we collect right now, the more it will help us to make more informed decision process. At the end of the study, we will be able to develop a report that will pinpoint all the main obstacles that traders are facing”.

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Customs Condemns Attack On Officers In Katsina

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The Nigeria Customs Service (NCS) has condemned the brutal attack on its officers and men at the Gamji Makaho checkpoint in the Dankama area of Katsina State on April 17, 2024, which claimed the life of Customs Assistant II Auwal Haruna.
The Service vowed that it would stop at nothing in securing justice for the victims of the attack.
NCS also said it would rejig its anti-smuggling operations while strengthening collaborations with other sister security agencies as part of measures to reinforce the fight against smuggling.
Speaking on the resolve of the management to pursue the matter to its logical conclusion, Comptroller General of Customs, Bashir Adewale Adeniyi extended his heartfelt condolences to the family and colleagues of CA II Auwal Haruna.
He disclosed that the service, in close collaboration with other security agencies, is tirelessly working towards “apprehending the perpetrators of this reprehensible act and ensure they face the full consequences of the law.
“Violence against our officers is utterly unacceptable, and we will pursue every avenue to bring those responsible to justice.
“The safety of our personnel and the security of our borders remain paramount. We are committed to working with traditional rulers, government bodies, and sister agencies to combat this heinous crime against our personnel”.
He further reaffirmed the unwavering commitment of the service under his watch to combating smuggling and other cross-border crimes, adding that the Service will not falter in its mission to uphold the laws of the land and protect the interests of the Nigerian people.
The CGC said: “Intelligence available to us indicates that certain unpatriotic community members are harbouring suspected accomplices involved in this heinous crime.
“We implore these individuals to embrace patriotism by aligning with the laws and refraining from condoning illegality. It is in the best interest of our communities and nation to collaborate with law enforcement agencies to root out criminal elements and ensure that justice prevails”.

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