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2021 budget implementation gets two months extension at the senate

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2021 budget implementation gets two months extension at the senate

***Adeyemi links scarcity of diesel to non-completion of the projects

John Akubo

The Senate on Tuesday granted two extra months extension for the implementation of the 2021 Appropriation Act from 31st March to 31st May 2022.

The scarcity of diesel affected some of the capital projects captured in the 2021 budget as most of the earthmoving equipment could not be deployed to the site.

The extension got the upper legislative chamber’s approval following the consideration of a Bill to Amend the 2021 Appropriation Act.

The Senate before considering the bill suspended Rule 78(1) of the Senate Standing Orders 2022 (as amended), to enable the upper chamber to expeditiously introduce and pass the bill.

The bill was read on Tuesday for the first, second, and third time after the suspension of Rule 78(1).

The bill was sponsored by the Senate Leader, Senator Yayah Abdullahi (Kebbi North).

Leading debate on the bill, Senator Abdullahi, recalled that prior Appropriation Acts in the past were passed mid-year, with their implementation usually extended to the following year.

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The lawmaker noted that in previous Appropriation Acts, these extensions were usually covered by a Clause, in line with the provisions of Section 318 of the Constitution of the Federal Republic of Nigeria, that the Act runs for a period of 12 months, starting from the date it comes into effect.

He, however, observed on the contrary that Clause 12 of the provisions of Section 318 of the Constitution provides that the 12 month period starts from the 1st day of January to the 31st day of December 2021.

He recalled that the 2022 Appropriation Act was amended to extend the implementation year from 31st December 2021 to 31st March 2022.

Senator Abdullahi explained that the extension of the budget period became imperative in view of the need to complete ongoing projects nearing completion.

He said, “As you are aware, the 2021 Virement of the aggregate sum of N276 billion was approved for several MDAs by the National Assembly in December 2021 along with 100 percent release of the 2021 Capital Budget of the MDAs.

“A significant portion of the releases to the MDAs has been utilized following the extension to 31st March 2022.

“In view of the critical importance of some key projects nearing completion, it is expedient to grant further extension of the expiration clause to avoid compounding the problem of abandoned projects given that some of the projects were not provided for in the 2022 budget hence the need to extend the implementation year form 31 March 2022 to 31st May 2022.”

Senator representing Kogi West while supporting the bill said, “When President Muhammadu Buhari came to power he did what was unusual by going ahead to complete projects inherited. In essence, this government believes that projects must be completed.

“All the major projects that this administration inherited are actually completing them so it is going to be out of place if we allow projects to be abandoned.

“More importantly why this amendment is desired is to ensure that those projects that were captured in the 2021 budget are completed.

“Why this is so is the fact that in the last 2 to 3 months we had crises of diesel which is the main fuel for most earthmoving equipment, so many projects are at the very slow stage of completion because diesel is not available, where it is available it is adulterated.

The lawmaker said he had visited a number of sites and saw that many earth-moving equipments were abandoned so I think it is desirable we extend the 2021 appropriation so that all the projects would be completed.

According to him by so doing we will be improving the socio-economic development of our nation and put smiles on the faces of Nigerians who will be working there

The bill to amend the 2021 Appropriation Act was, thereafter, passed sequel to its consideration by the Committee on Supply.

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Alakija Hails Gov Adeleke

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The Chancellor of Osun State University and Executive Vice Chairman of Famfa Oil Limited, Folorunso Alakija has described Governor Ademola Adeleke as “an action Governor who is delivering good governance to the good people of Osun state”.

She bared her mind, while hosting Gov Adeleke at the Ikoyi headquarters of Famfa Oil Limited.

According to her, she she has been following activities of Gov Adeleke since he assumed office, and commended him for setting a good leadership example.

The billionaire businesswoman on the occasion flanked by two of her directors, Ladi and Folarin Alakija, noted that the Osun State Governor has been demonstrating strong passion for public service and pursuing a big agenda for the state.

She prayed to God Almighty to strengthen the Governor for a second term in office, as in her opinion, four years were not enough for an action governor like Gov Adeleke to deliver fully on his ambitious agenda for the state.

Reviewing her tenure as the Chancellor of the Osun State University, the Famfa boss recalled the conception and stages of completion of the UNIOSUN Medical Research and Training Hospital which she wholly donated and financed.

She pointed out that the project which is 95 percent completed was designed to serve the health needs of patients from far and near and elevate service to humanity to a higher level.

Earlier, Governor Adeleke, accompanied by the Vice Chancellor of the Osun State University, Prof Odunayo Clement Adebooye and other state officials, said he was ‘on a thank you visit to the business mogul to appreciate her huge contributions to the growth and development of the state university’.

Gov Adeleke expressed appreciation for the massive multi-billion naira Medical Research and Training hospital that Apostle Dr Alakija was building at the State university, describing Famfa boss as “a commendable role model in the field of philanthropy.

“We are here as a government to appreciate you. You are uncommon and rare in your love for service to humanity.”

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JUST IN: FG Announces Launch Date For Student Loan Applications

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The Federal Government of Nigeria (FGN) has announced that the portal for student loan applications will officially open on May 24, 2024.

This development is part of the Nigerian Education Loan Fund’s efforts to enhance access to higher education, as stated by the Fund’s media lead, Nasir Ayantogo, on Thursday night.

According to Ayantogo, the launch of the application portal is a significant step in President Bola Tinubu’s commitment to providing accessible and inclusive education for Nigerian students.

This initiative follows the signing of the Access to Higher Education Act, 2023, by President Tinubu on June 12, 2023 which aims to provide interest-free loans to financially disadvantaged students pursuing higher education in Nigeria.

Dele Alake, a member of the former Presidential Strategy Team, noted that this move fulfills one of President Tinubu’s key campaign promises to liberalize funding for education.

The Act, popularly known as the Students Loan Law, also established the Nigerian Education Loan Fund to handle all loan requests, grants, disbursements, and recoveries.

Initially, the government announced that the scheme would launch in September, but it faced several delays, resulting in an indefinite postponement in early March.

The Presidency attributed the delay to President Tinubu’s directive to expand the scheme to include loans for vocational skills.

Following a briefing from the NELFUND team led by the Minister of State for Education, Dr. Yusuf Sununu, on January 22, President Tinubu instructed the Fund to extend interest-free loans to Nigerian students interested in skill-development programs.

President Tinubu stressed the importance of including those who may not seek university education, noting that skill acquisition is equally as important as earning academic degrees.

He had said, “This is not an exclusive programme. It is catering to all of our young people. Young Nigerians are gifted in different areas.

“This is not only for those who want to be doctors, lawyers, and accountants. It is also for those who aspire to use their skilled and trained hands to build our nation.

“In accordance with this, I have instructed NELFUND to explore all opportunities to inculcate skill-development programmes because not everybody wants to go through a full university education,”

Through the portal, students can now access loans to pursue their academic aspirations without financial constraints.

According to the statement, the portal features a user-friendly interface, allowing students to conveniently submit their loan applications.

The statement added, “We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation. Students can access the portal on www.nelf.gov.ng to begin application.”

 

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JUST IN: Tinubu Welcomes Senegal’s Youngest President At Villa

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President Bola Tinubu received Senegal’s newly elected President, Bassirou Faye, at the Aso Rock Villa in Abuja on Thursday.

Faye, who arrived at 3:09 p.m., is making his first official visit to Nigeria since taking office last month.

At 44, he is the youngest president in Senegalese history, having secured a decisive victory in April’s delayed presidential election with over 54% of the vote.

 

 

 

More to follow…….. 

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