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Nigerian Military Gets Almost A Trillion Naira From 2014 Budget

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The Federal Government informed that a total of N130.7bn had been allocated by the Federal Government for the needs of military operations by the Ministry of Defence (MoD) during from January to April 2014.

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A soldier sits in a truck during a military patrol in Nigeria’s central city of Jos. Reuters

This was confirmed by the Minister of Finance, Dr Ngozi Okonjo-Iweala, in Abuja, on May 23, 2014, during the press briefing on the details of newly-signed country’s budget.

The minister confirmed that the welfare of the armed forces was among the top priorities of the Federal Government. She also added that Jonathan’s administration understood the importance of proper funding due to the ongoing war against Boko Haram insurgency in the country.

The breakdown of the released amount looks in the following way:

– N85.9bn – personnel cost;

– N44.8bn – overheads and capital expenditure.

She further added that the MoD got almost a trillion naira in this year’s budget. Therefore, about N837.42bn would be disbursed till the end of 2014.

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Finance minister debunked the allegations that some delays in salaries’ payments to the military men have occurred due to the ministry’s fault.

Okonjo-Iweala confirmed that the military did not use the Integrated Personnel and Payroll Information System (IPPIS) for transferring salaries to personnel.

IPPIS is a new payment platform of the Federal Government. It allows salaries to be released directly into account of employees of the government, instead of going through the old system, full of bureaucracies. However the MoD is not captured by it.

At the same time, some of high-ranked officers have previously lamented inadequate budgetary allocation for the military.

The alleged delay in payments of salaries became one of the reasons for soldiers’ mutiny at Maimalari Barracks, Maiduguri, Borno State.

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1 Comment

1 Comment

  1. Boss

    May 24, 2014 at 3:39 pm

    This is a great move by GEJ and i love it.. Developed countries today spend more of funds on the military. You cant expect a good job from them when they are patrolling with empty stomach. Another thing i would advise is that Federal government should banned the military from staying on road blocks and humiliating civilians the streets cause that is what makes them weak, staying on the road block is the work of the police. You can hardly see a military man working on the streets in developed countries. Military people are only seen in the barracks, its only when there is war you see them bursting out. When the Military are so much exposed to police works it makes them weak and gives them fear when war comes from military enemies.

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COVID-19 vaccine: US embassy celebrates Nigerian doctor Ogbuagu

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The United States Mission to Nigeria has celebrated Dr Onyema Ogbuagu, for his role in the development of a COVID-19 vaccine.

Ogbuagbu, who graduated from the University of Calabar in 2003, migrated to the US and rose to become an Associate Professor of Medicine and Infectious Disease Specialist at Yale University.

He was part of the team that helped pharmaceutical company, Pfizer, to develop a COVID-19 vaccine.

In a Facebook message on Monday, the US mission wrote, “Nigerians contribute to the world in so many ways. Our hats off to Dr Onyema Ogbuagu at Yale who helped develop a COVID-19 vaccine.”

Ogbuagu is the son of a former Vice-Chancellor of Abia State University, Prof Stella Ogbuagu. He also has a twin brother who is an engineer.

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Elon Musk surpasses Bill Gates to become the world’s second-richest person as Tesla’s market cap inches closer to $500 billion

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After beating Mark Zuckerberg in world rich list ranking — the billionaire Tesla CEO Elon Musk has now leapfrogged Bill Gates to grab the world’s second-richest ranking.

Musk’s net worth rose more than $7.2 billion on November 23, driven by another surge in the Tesla share price, according to the Bloomberg Billionaire Index. The current net worth of Elon Musk stands at $127.9 billion.

This comes as one of the biggest gains in the ranking of the world’s 500 richest people — Musk has added over $100.3 billion to his net worth this year.

Elon Musk surpasses Bill Gates to become the world’s second-richest person as Tesla’s market cap inches closer to $500 billion

In January 2020, he ranked 35th, but the soaring Tesla share price has driven his ranking to surpass other billionaires in the world.

The jump in Musk’s fortune came as the shares of the electric car-maker Tesla soared as the electric car makers market cap neared $500 billion on Monday.

Gates would have been on the top, had it not been for his philanthropy.

~BusinessInsider~

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#EndSARS Protest: Those who have murdered Nigerians will not benefit from trade or travel to the UK – Lyn Brown

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British politician serving as Member of Parliament, Lyn Brown has called for sanctions against those involved in the shooting incident during the EndSARS protest in Lekki on October 20.

Speaking during a debate in the house on Monday November 23, Lyn stated that the least they can do is to make sure that those who have “murdered” Nigerians and deprived them of their human rights are not able to benefit from trade or travel to the UK.

She added that these include government officials and the Nigerian army who are stopping a “transparent investigation and effecting of justice.”

The lawmaker also averred that it was unfortunate that the Federal Government went ahead to not only accuse protesters of sponsoring terrorism and freeze their accounts, but also blamed them for the increase in food prices.

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