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President Buhari To Present 2017 Budget To National Assembly Today

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buhari sign bills

President Muhammadu Buhari will today Wednesday, 14th of December, 2016 present the 2017 Appropriation Bill to a joint session of the National Assembly.

Recall that the President who returned to the country earlier today from The Gambia, had said there would be no such thing as padding in the 2017 budget as he would make sure he block all possible ways of tampering with the document.

He condemned what he termed injecting rogue projects and figures into the financial document, saying it is unfair to Nigerians and detrimental to the growth of the economy.

Meanwhile, the Minister of Budget and National Planning, Udoma Udoma says the Federal Government intends to spend 10 trillion naira and will issue new oil licenses as part of efforts to explore new streams of revenues to fund the 2017 budget.

The Minister stated this when he appeared before the Senate joint committee on appropriation and finance to defend the revised Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP).

According to him, the Federal Government would also review the current joint venture arrangements with oil companies, marginal oil fields as well as mount pressure on revenue generating agencies to surpass expected targets.

He added that a total of N10 trillion was being targeted by the federal government as revenue for the 2017 fiscal year, in which about N5 trillion is expected to be generated from the sale of crude oil while non-oil revenues will rake in about N5.06 trillion.

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Senate Committee Screens Yakubu For INEC Chair Today

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Senate Committee Screens Yakubu For INEC Chair Today

Mahmood Yakubu

The Senate Committee on the Independent National Electoral Commission (INEC), will screen Mahmood Yakubu today following his re-appointment as Chairman of the Commission for a second and final term.

The Chairman of the committee, Kabiru Gaya, disclosed this to journalists on Wednesday after the panel submitted the report of the 2021 budget estimates of the commission to the Senate Committee on Appropriation.

The Senate received President Muhammadu Buhari’s letter seeking Yakubu’s confirmation on Tuesday.

Also Read: 2023: Buhari Reappoints Mahmood Yakubu As INEC Chairman

He had on October 27 announced his decision to reappoint the former INEC boss.

The president’s letter was forwarded to the committee on INEC for screening which Senator Gaya said will be carried out expeditiously.

“Precisely the re-nominated Chairman of the Commission, Professor Mahmood Yakubu is to face our committee by 2:00 pm for the required drilling, the outcome of which will determine the report to be submitted to the Senate on Tuesday,” he said.

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No Plan To Review 2021 Spending Estimates: Minister

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No Plan To Review 2021 Spending Estimates, Says Ahmed

Finance, Budget and National Planning Minister, Mrs. Zainab Ahmed

Minister of Finance, Budget and National Planning, Zainab Ahmed has expressed that there is no plan to review the spending estimates of the 2021 budget.

She has also allayed the fears of federal civil servants that the country’s entering into recession might stall the salary payments of workers.

She made this known while speaking with journalists after the weekly virtual Federal Executive Council (FEC) meeting in the State House.

Also Read: Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

Ahmed said even the consequential adjustment in the 2020 budget wholly addressed salary matters.

Recall that the proposed 2021 budget is currently being reviewed by members of the National Assembly.

“On the 2021 budget, we are not planning to retrieve the budget or to reverse the budget beyond the work of appropriation that the National Assembly is currently doing in consultation with us,” she said.

 

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#EndSARS: UK Parliament Does Not Speak For British Govt – FG

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#EndSARS: UK Parliament Does Not Speak For British Govt – FG

Geoffrey Onyeama

The federal government of Nigeria has stated that it has reached out to the United Kingdom to explain its side of the story over the #EndSARS crisis.

This follows a petition being considered by the United Kingdom to sanction officials of the Nigerian government over alleged human rights abuses during the #EndSARS protests in the country.

However, Minister of Foreign Affairs, Geoffrey Onyeama, explained to State House Correspondents on Wednesday that Nigeria has reached out to the UK govt.

He explained that FG has presented its own side of the story to the UK govt to aid its deliberations on the matter.

This he stated after the weekly federal executive council (FEC) meeting presided over by President Muhammadu Buhari, noting that a balanced view is important in such matters.

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

He said: “Yes, we have reached out to the UK government. The meeting that took place were Parliamentarians and they do not speak for the UK government which acts for the United Kingdom and they have also heard the side of the (Nigerian) government regarding everything that has happened.

“So, we have been in touch with them and engaging with them. Of course, as in any democracy, the members of parliament are able to also able to air their views.

“But what is important, is that a balanced picture is made available to them before they take any decision.”

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