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N4.3trillion 2015 Budget Passes Second Reading At Senate

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SenateThe N4.3trillion 2015 budget has passed second reading at the Senate.

The 2015 Appropriation bill was read on Wednesday by the Senate Leader, Victor Ndoma-Egba (SAN).

The bill seeks to authorize the issuance from the consolidated revenue fund of the federation N4, 357,960,000 (four trillion, three hundred and fifty-seven billion, nine hundred and sixty million) as against the 2014 budget of N4.6 trillion.

The parameters of the 2015 budget include the benchmark oil price of $65 per barrel, projected oil production of 2.2782 million barrels per day and the average exchange rate of 165 naira per dollar.

While most of the senators moved for the bill to be passed a few expressed reservations, calling for a holistic review of the budget.

Chairman of the Senate Committee on Finance, Mohammed Makarfi (PDP/Kaduna), said the budget should be handled with caution.

He advised that the cost of governance should be cut in order to save the country’s finance because this is a trying time for the country.

Concurring, Deputy Majority Leader, Abdul Ningi (PDP/Bauchi), said the bill should be treated with caution.

Ayogu Eze (PDP/Enugu), lamented that the appropriation bill is based mainly on oil.

“It is a budget of cultural reforms and also needs to be reformed”, he said.

Chairman of the Senate Committee on Rules and Business, Ita Enang, pointed out that there are countries that survive without oil and wondered why Nigeria’s case is different. “Other countries that survive without oil, how do they do it?” he asked.

The Deputy Senate President, Ike Ekweremadu, said the budget serves as a wakeup call to the federal government.

“I do believe that it is time for us as parliament to make sure that all the revenue items are captured as a way of having a pool of resources.

“We should be mindful of election expenses. We need to advice ourselves accordingly”, Mr. Ekweremadu said.

The bill was read for the first time on Wednesday, December 17 and was referred to the committee on finance and appropriation which would submit its report in four weeks.

The senate subsequently adjourned sitting till February 17, after the general elections.

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Ondo Election: Jegede Files Petition Against Akeredolu’s Victory

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Ondo Election: Jegede Files Petition Against Akeredolu’s Victory
Ondo Election: Jegede Files Petition Against Akeredolu’s Victory

Eyitayo Jegede

Eyitayo Jegede, candidate of the Peoples Democratic Party in the October 10, 2020, governorship election of Ondo State, has challenged the victory of Governor Rotimi Akeredolu in the exercise.

Jegede, a Senior Advocate of Nigeria, filed a petition at the election petition tribunal sitting in Akure on Friday.

The PDP candidate has also joined the Independent National Electoral Commission (INEC), the All Progressives Congress, and the deputy governor-elect, Lucky Aiyedatiwa, in the petition.

Also Read: Ondo Guber: INEC Presents Certificate Of Return To Akeredolu, Deputy

Jegede is challenging the election on four grounds including “That the election was marred by irregularities and pockets of violence and intimidation”.

He also faulted the emergence of Governor Akeredolu as the candidate of the APC during its governorship primary election held on the 20th of July 2020.

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AlphaBeta’s Collection Of $19m Monthly Revenue In Lagos Sacrilegious, Says Bode George

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Bode George
AlphaBeta’s Collection Of $19m Monthly Revenue In Lagos Sacrilegious, Says Bode George

Bode George

A chieftain of the Peoples Democratic  Party (PDP) Chief Bode George has described the collection of internally generated revenue in Lagos state by a private firm called AlphaBeta, which earns around N7.5bn ($19 million) monthly as sacrilegious.

The former National Port Authority (NPA) called on the state government to block all forms of revenue leakages.

He made this known while speaking on Arise TV on Friday morning.

Also Read: BREAKING: IGP Replies Amnesty, Says Policemen Didn’t Shoot #EndSARS Protesters

“There are so many leakages in the Lagos State Government purse. Take this AlphaBeta; who owns this AlphaBeta? What is the essence of the AlphaBeta? Where else in the world would you have an Inland Revenue Service, who have their own staff who are supposed to go out and collect the fees, but you have an independent company to be supposedly collecting the internally generated revenue from our state?

“It grosses around N50bn (about $130m) a month and you know how much that company (AlphaBeta) is paid 15% of it, that’s N7.5bn in thirty days going to the company, that is a leakage, that is sacrilegious.”

 

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Ganduje Reinstates Suspended Aide Who Attacked President Buhari

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Governor Ganduje
Ganduje Reinstates Suspended Aide Who Attacked President Buhari

Governor Ganduje

Governor Abdullahi Ganduje of Kano State has reinstated his Special Adviser on Social Media, Tanko Yakasai.

According to reports, the Kano State Governor who had earlier suspended his media aide for condemning President Muhammadu Buhari over #EndSARS protests reinstated the aide without many details.

Also Read: Wike Signs Executive Order Proscribing IPOB, Lifts Curfew

Yakasai on his Twitter account had accused Buhari of being insensitive to the plights of Nigerians during the #EndSARS protests across the nation.

The development saw Governor Ganduje suspend his aide who was commended by Nigerians for the courage.

Ganduje, however, has ordered the reinstatement of his aide two weeks after his suspension.

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