News
Senate Set To Pass 2022-2024 MTEF/FSP, ‘Morrow
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.”
News
NDLEA Arrests Four Notorious Female Drug Dealers In Four States
The National Drug Law Enforcement Agency (NDLEA) has arrested four notorious female drug dealers in Edo, Imo, Kano, and Gombe states.
The Director of Media and Advocacy, NDLEA, Mr Femi Babafemi, made this known in a statement in Abuja, yesterday.
Giving a breakdown, Babafemi said that in Edo, an intense sweep of notorious drug hotspots within Benin City by NDLEA operatives on June 2 led to the arrest of four key traffickers, including three females.
“At Uyosa, Benin City, two female suspects were nabbed with a cocktail of illicit substances, including 176 grams of skunk, 65g of Loud, and 5 grams of Methamphetamine.
“Along Agbor road in Benin City, another female suspect, 21-year-old Anita Abraham, was apprehended with 95 grams of Scottish Loud and 329 grams of regular Loud.
“At Upper Mission, Benin City, a male suspect was arrested with a diverse cache of psychotropic substances consisting of Loud, Colorado, Swinol, and Methamphetamine.
“A swift operation by operatives in Kano State on Thursday, June 4, led to the arrest of a 19-year-old suspect, Saifullahi Lawan at the Kafi area of Madobi, with 40 blocks of skunk weighing a total of 38 kilograms,” NDLEA said.
In a related development, Babafemi said, operatives in Gombe state intercepted a 28-year-old suspect on June 1 near Dantiti Plaza in the Tumfure area of Gombe.
“The suspect was caught with 15,000 capsules of tramadol,” he said.
He said the War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands and formations equally continued across the country in the past week.
Reacting to the string of successful operations, the NDLEA Chairman, retired, Brig.-Gen. Buba Marwa commended the officers, men and women of the Imo, Edo, Kano, and Gombe commands for their resilience and vigilance.
Marwa also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts.
He re-emphasised that the agency remains fully committed to dismantling drug supply chains and would continue to target traffickers regardless of age, gender, or concealment methods.
News
Navy Intercepts Over 135,000 Litres Of Stolen AGO In Rivers
The Nigerian Navy says its operatives under Operation Delta Sentinel have intercepted over 135,000 litres of suspected illegally refined Automotive Gas Oil (AGO) during separate operations in Rivers State waterways.
Director of Information, Navy Captain Abiodun Folorunsho, said the operations were carried out by personnel of the Nigerian Navy Ship (NNS) Pathfinder around the Onne and Abonema axis.
He said the seizures were made during routine patrols aimed at curbing crude oil theft and illegal fuel transportation across creeks in the state.
In one of the operations, naval personnel intercepted a fibre boat at the entrance of Owogono Creek in Ogu-Bolo Local Government Area carrying drums and jerrycans filled with suspected stolen AGO.
According to him, the occupants abandoned the boat and fled into nearby creeks, while the vessel and about 63,000 litres of product were recovered.
In another operation around Abonema in Akuku-Toru Local Government Area, patrol teams intercepted a wooden boat conveying about 72,000 litres of suspected illegally refined AGO concealed in sacks.
The Navy said the products were being transported through waterways for onward distribution before the operation disrupted the movement.
Folorunsho said the recoveries highlight the continued exploitation of creek networks by criminal elements for illegal petroleum product transportation.
He added that all recovered items were handled in line with established procedures on anti-crude oil theft operations.
The Navy reaffirmed its commitment to intelligence-driven operations aimed at dismantling illegal oil networks and protecting Nigeria’s maritime economic assets.
News
PERM SEC Tasks PUBLIC SERVANTS TO EMBRACE ACCOUNTABILITY
The Permanent Secretary of Rivers State Ministry of Information and Communications, Dr Honour Sirawoo mni, has charged public servants to embrace accountability and prudent management of public resources, stressing that government funds must be utilised responsibly.
Dr. Sirawoo made the assertion during the 41st anniversary of The Rivers State Television (RSTV), in Elelenwo.
He noted that public service demands commitment and sacrifice, urging workers to justify the opportunities entrusted to them through diligengence and productivity.
“All I try to do is to see that we have value for every kobo that we spend and value for our time.
“Government has a social responsibility to provide opportunities, but when you have one, you must guard it through hard work and ensure your presence is justified,” he stated.
The Permanent Secretary further appealed to workers to see themselves as ambassadors of their respective institutions, adding that government remains committed to creating employment opportunities and improving public service delivery.
Also speaking, former Acting Managing Director of the Niger Delta Development Commission (NDDC), Dr (Mrs.) Christiana Atako, praised the station’s professionalism and consistency despite operational challenges.
“We have never been disappointed. In spite of all the challenges RSTV had at that time, they never failed us. They carried our stories very well,” she said.
Dr Atako encouraged staff members to continually improve themselves through training, education and professional development in order to remain competitive in the evolving media industry.
Earlier, Acting General Manager of RSTV, Ambassador Paul Damgbor, described the anniversary celebration as an opportunity to reflect on the station’s journey of over four decades and appreciate those who have contributed to its development.
Pastor Damgbor said that the station had recorded remarkable improvements in recent months through the acquisition of digital cameras, computers as well as upgrades in audio and visual production facilities.
“We have seen great change. We were able to get new brand digital cameras and improve on our audio. We have also provided new computers for key departments, including News, Programmes and the Library,” Damgbor remarked.
He also unveiled a commemorative magazine chronicling the history and achievements of the station, describing it as a valuable reference material for preserving RSTV’s heritage.
The Acting General Manager, however, expressed concern over the theft of critical equipment from the station’s transformer, a development he said had forced the organisation to rely heavily on generator power supply.
The Senior Pastor of Gateway International Church, Pastor George Izunma, who gave a short charge during the event, urged media practitioners to uphold the ethics of journalism and remain committed to accuracy in reporting.
“You are pressmen. You are okay to doubt, but verify,” he advised, stressing the importance of credibility and responsibility in the profession.
He equally highlighted the need to “ask the help of God, sow a seed of help, and step into something as if you have help” stressing the need to move by faith for growth.
Some participants at the event also raised concerns about employment opportunities while commending RSTV’s growth and contributions to public enlightenment in Rivers State.
A major highlight of the celebration was the presentation of an award to the Rivers State Ministry of Information and Communications in recognition of its diligence and service to the people of the state. Dr Honour Sirawoo also received a special award for his contributions to the growth and development of RSTV.
Awards were equally presented to outstanding members of staff of RSTV for exemplary performance and their dedication to duty.
The event also featured the unveiling and launch of the RSTV commemorative magazine as well as a tour of the station’s newly built cafeteria and other facilities.
The celebration marked another milestone in the station’s 41-year history and reaffirmed its commitment to excellence in public broadcasting.
-
Rivers2 days agoPolice arrest 3 suspects over killing of driver in Rivers
-
Politics2 days ago
I DIDN’T PROMISE YOU TICKETS, AKPABIO TELLS APC SENATORS WHO FAILED PRIMARIES
-
News2 days agoFUBARA ASSURES NUT OF SECURITY OF SCHOOLS IN RIVERS
-
News2 days agoNDLEA Arrests Four Notorious Female Drug Dealers In Four States
-
News2 days agoWORLD FOOD SAFETY DAY: VETERINARIANS TASK GOVT ON MODERN ABATTOIR IN RIVERS
-
Sports2 days agoOkpekpe Road Race Gets Mobility Solutions, Fan Engagement
-
Politics2 days ago
Court Dismisses Rivers PDP Members’ Suit Over LG Election Candidates
-
Politics2 days ago
POST PRIMARIES: IKWERRE MONARCHS ADVOCATE ISSUES-BASED POLITICS IN RIVERS
