Connect with us

Politics

Ondo APC Slams Mimiko’s N119bn 2016 Budget, Says It’s Fraudulent

Published

on

Olusegun Mimiko

The Ondo State chapter of All Progressives Congress, APC, has faulted the content of the state’s N118.9 billion 2016 budget proposed by Governor Olusegun Mimiko, saying it was designed to mortgage the future of the citizens as the tenure of the present administration comes to an end.

The Ondo APC in a statement by its state publicity secretary, Steve Otaloro, on Wednesday in Akure, said the decision of Gov. Mimiko to use a good part of the budget to service debt and not to embark on any capital project this year was wrong.

“A situation where the government will be spending N15.850billion, which represent 31.08 percent of this year’s budget to service debt repayment shows how the PDP government had mortgaged the future of Ondo State.

“This is the result of the unwarranted several loans received by the PDP led government.

“The allocation of N50billion for capital projects in this year’s budget estimates, which is planned to be used for the completion of ongoing projects like the Dome, Ondo township roads and the Fiwasaye- Oba-Ile to Airport Roads, is nothing but fraudulent.

“These projects had already received monetary votes in previous budgets without appreciable progress”, he said.

Mr. Otaloro noted that instead of learning from the pro-people budget of the APC controlled federal government, Mr. Mimiko stated categorically before the House of Assembly that his government would not embark on any new projects.

“When this happens, the already poor standard of living will fall because capital projects are what impact on the standard of living of the people because most plans are dependent on capital releases of government.

“And if there is no execution of capital projects in the state, investors, businesses and people who depend on the allocation for capital project will suffer.

“In the past seven years of this administration, waste, fraud and mismanagement by the PDP-led State government has denied the people value for more than one trillion Naira the state has earned since 2009 with a budget performance rate of about 15 percent in all”, the Ondo APC spokesman said.

He added that government’s inability to control spending and plan for the rainy day had plunged the state into its present financial problems, which would have been averted had the proper oversight function by the legislature and careful reviews taken place.

The governor had while presenting the budget on Tuesday, noted the drop in the budget from N131billion in 2015, a situation he attributed to the current economic realities.

He said recurrent expenditure would gulp N68 billion, while N50.9 billion would be for capital expenditure, majorly ongoing projects.

Mr. Mimiko said the budget would be funded through “aggressive independent revenue drive by all ministries, departments and agencies”, just as it “would ensure blockage of revenue loopholes and allocation of funds to economically viable projects”.

Politics

Akeredolu Sacks Ondo Attorney-General, Olawoye

Published

on

Akeredolu Removes Ondo Attorney-General, Olawoye

Governor Akeredolu

Governor Rotimi Akeredolu of Ondo State has sacked the state Attorney-General and Commissioner for Justice, Mr. Kola Olawoye.

This was made known in a statement on Monday by the Chief Press Secretary to the governor, Mr. Segun Ajiboye.

Akeredolu immediately appointed a human rights lawyer, Mr. Charles Titiloye, as the new Attorney-General and Commissioner for Justice.

Also Read: #ENDSARS: Challenge CBN’s Action In Court If Your Account Is Frozen – Akeredolu

According to the statement, the Ondo State governor would forward Titiloye’s name to the State House of Assembly for confirmation.

Akeredolu also expressed his appreciation to the sacked commissioner for services rendered to the state.

Continue Reading

Politics

Focus On Reducing Poverty, Not 2023 Elections – Peter Obi

Published

on

Focus On Reducing Poverty, Not 2023 Elections – Peter Obi

Peter Obi

Former Governor of Anambra State, Peter Obi, has called on his fellow politicians to put issues of 2023 aside and focus on how to rescue the country from the current economic crisis.

Obi said that solving the economic problems of Nigeria was more important than political permutations geared towards the next general elections.

The former Anambra State Governor stated during an appearance on Channels Television’s Sunday Politics.

Also Read: Recession: Nigeria Is Broke, Can’t Afford 2021 Budget – Atiku

He expressed that the next election has no impact on people’s current livelihoods.

Obi also blamed President Muhammadu Buhari’s administration for not adequately preparing Nigerians for the impact of COVID-19, stating the monies borrowed by this government were not properly put to use.

“Every other country is discussing the recession and how to pull their people out of poverty.

“So what we should do now is to concentrate on the monetary and fiscal policies to start pulling people out of poverty,” Obi said.

 

Continue Reading

Politics

Recession: Nigeria Is Broke, Can’t Afford 2021 Budget – Atiku

Published

on

Recession: Nigeria Is Broke, Can’t Afford 2021 Budget – Atiku

Atiku Abubakar

Former Vice-President of Nigeria, Atiku Abubakar has expressed that the Federal Government should reconsider the 2021 budget owing to the recession.

Nigeria officially entered into its worst economic recession in 33 years after the nation recorded a GDP contraction of 3.62 percent in the third quarter of 2020.

He stated that Nigeria is broke and cannot afford the luxurious items in the N13.08 trillion budget proposal.

Atiku in a Twitter thread on Sunday stated that COVID-19 only complicated an existing economic problem.

Atiu went on to express that had President Muhammadu Buhari-led administration listened to advice, the recession could have been avoided.

Also Read: Recession: SERAP Asks Buhari To Cut Cost Of Governance

“We could have avoided this fate by a disciplined and prudent management of our economy.”

“This could have been avoided had this administration taken heed to the patriotic counsel given by myself and other well-meaning Nigerians on cutting the cost of governance, saving for a rainy day, and avoiding profligate borrowing,” Atiku said.

He further said that now is not the time to trade blames but to focus on ways to manage the situation and called on Buhari’s government to “swallow its pride, and accept its limitations, so that they can open their minds to ideas, without caring who the messenger is.”

 

Continue Reading

Trending