Connect with us

NEWS

2024 Budget Expected To Elevate Lives – Idris-Malagi

Published

on

Mohammed Idris-Malagi, the Minister of Information and National Orientation, shared his positive expectations, foreseeing the N27.5 trillion 2024 budget’s passage by the National Assembly as a pivotal moment for transformative change in the country.

He disclosed this while inaugurating the Kaduna State chapter of the Nigerian Institute of Public Relations 2023 Annual Public Lecture/AGM/Awards & Election on Saturday.

The minister highlighted that the budget marked a significant stride in advancing Tinubu’s Renewed Hope Agenda.

Emphasizing its alignment with development priorities, he also underscored the budget’s reflection of a strong dedication to fiscal responsibility.

He emphasized that Tinubu’s administration places high value on astute financial administration as the bedrock for sustained economic stability.

Highlighting this, he stated, “Just this week, he presented the 2024 Appropriation Bill of N27.5 trillion to the National Assembly, the first full-year budget of his administration.

“The budget as presented signifies a pivotal step towards the realisation of his Renewed Hope Agenda, by aligning fiscal strategies and priorities with broader national development objectives.

“As the 2024 Appropriation Bill moves through the legislative process, we are very optimistic that its passage will mark the beginning of a transformative era, bringing tangible improvements to the lives of Nigerians.

“Before this week’s budget presentation, President Tinubu had assented to an equally important supplementary budget, signed some landmark Bills and Executive Orders into law, and inaugurated special presidential initiatives on fiscal policy reform, Compressed Natural Gas, Food Security, MSME support, and other critical areas of the economy.

“The goal has been to deliver relief to the Nigerian people, and lay the groundwork for true and lasting prosperity.”

Idris-Malagi continued, “At this juncture, let me remind us that one of the pillars of President Bola Ahmed Tinubu’s eight-point agenda is “Inclusivity,” which means inclusive policies and programmes for all segments of the population, especially youth and women.

“You can see manifestations of this even in the array of appointments made by the President so far, and the prominence given to young people and women. This is not to say we have done enough, and can therefore rest on our oars. No!”

“We can still do better, and I can assure you that President Tinubu will continue to push the envelope in this regard,” he noted.

Apart from appointments and representation, the Tinubu administration has been actively implementing policies aimed at fostering an environment conducive for Nigerians to flourish across diverse demographic groups.

The Minister additionally affirmed his preparedness to aid in the advancement of the NIPR, of which he is a member, supporting its developmental initiatives.

He said, “Let me address a most germane issue that I am very familiar with, which has to do with the need for a permanent secretariat for the Kaduna Chapter of the NIPR. I am committed to supporting the effort to ensure that this is realised in a timely fashion.

“As the Minister of Information and National Orientation, I reaffirm the commitment of my Ministry, and the entire administration to fostering robust and transparent public communication, that empowers citizens with accurate, timely and useful information. In this mission, the NIPR is a much-valued partner, and I expect you to continue to live up to this responsibility.” he added.

NEWS

Fire Ravages Gombe Technology Centre, N4m Property Lost

Published

on

A fire outbreak has ravaged part of the Technology Incubation Centre near the Police Headquarters in Gombe, destroying property estimated at N4 million.

The incident occurred on Friday and affected five shops at the centre, according to the Federal Fire Service, Gombe State Command.

The command said its prompt intervention prevented the fire from spreading further, enabling firefighters to save property estimated at N15 million.

SEE MORE:Tragedy Strikes Algeria: Orphanage Fire Kills 11, Injures 19

The Federal Fire Service said it received a distress call about the incident at approximately 10:14 a.m., after which a multipurpose water tender was immediately deployed to the scene.

The firefighting operation was led by ASF II Mukhtar Shehu, with IF Bernard serving as the driver.

The crew successfully contained the blaze and extinguished it using one medium jet of water.

According to the command, four of the five affected shops were successfully saved, limiting the extent of the damage.

The command’s Public Relations Officer, ASF MB Muazu, said firefighters carried out a thorough inspection after extinguishing the flames and confirmed that there was no immediate threat of re-ignition.

Muazu said, “The Federal Fire Service, Gombe State Command, has successfully contained a fire outbreak involving five shops at the Technology Incubation Centre, near the Police Headquarters, Gombe.”

He added, “Four of the five affected shops were successfully saved, with property estimated at N15m salvaged, while the estimated loss stood at approximately N4m.”

The fire appliance and crew returned to the station at about 11:09 a.m. after confirming that the fire had been completely extinguished.

The Federal Fire Service reaffirmed its commitment to responding promptly to emergencies and protecting lives and property.

Muazu urged members of the public to report fire incidents promptly and adhere to basic fire safety precautions to prevent avoidable losses.

Continue Reading

NEWS

OPEC Hails Tinubu’s Reforms, Oil Output on Nigeria’s Economy

Published

on

2021 Global Oil Demand Growth Stands at 5.7 mb/d - OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) has expressed the view that Nigeria’s positive economic outlook is predicated on the strategic reforms of the President Bola Ahmed Tinubu administration and improved crude oil output.

The views were expressed in its latest assessment of the Nigerian economy, in which it noted that the country’s economy expanded by 3.9 percent year-on-year in Q1, 2026.

It added that the growth rate was only slightly below the 4.0 percent recorded in the fourth quarter of 2025, a confirmation that economic growth remained close to recent highs.

ALSO READ: NMDPRA Licenses LCFE for Petroleum Liquids Trading

According to the oil producers’ organisation, the non-oil economy continued to provide the main support for growth, with activity driven by agriculture, manufacturing, construction, trade, finance and insurance.

It pointed out that higher oil output had also improved fiscal revenues, foreign exchange inflows and external buffers. “The economy expanded by 3.9 percent, year-on-year, in 1Q26, only slightly below the 4Q25 pace of 4.0 percent, confirming that growth remains close to recent highs,” OPEC stated.

The organisation said survey indicators pointed to continued, though moderating, momentum in private-sector activity. It noted that the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) eased to 52.5 in July, from 53.4 in June and 54.1 in May.

The July reading, it said, was the weakest since March but still signalled a sixth consecutive monthly improvement in private-sector conditions. The OPEC said firms again reported a marked increase in new orders, supported by improved customer demand, better pricing and new product launches.

It added that output and employment also rose modestly during the month. The organisation predicted that higher domestic refining capacity, particularly improved fuel supply from the Dangote Petroleum Refinery and Petrochemicals (DPRP), should further support energy availability and reduce some of the pressures associated with petroleum imports.

“Higher domestic refining capacity, including improved fuel supply from the Dangote refinery, should continue to support energy availability and reduce some import-related pressures,” OPEC stated.

The DPRP, with a nameplate capacity of 650,000 barrels per day, has become a major source of locally refined petroleum products as its operations have expanded.

The refinery’s increased supply of petrol and other refined products has also reduced some of the country’s reliance on imported petroleum products, in line with the impact highlighted by the OPEC.

On inflation, the OPEC said pressures had begun to soften, with headline inflation standing at 15.9 percent year-on-year in both June and May. “The July PMI pointed to softening input costs, despite higher fuel and raw material costs,” the organisation stated.

The report said the moderation in input costs was an indication that some cost pressures facing businesses had begun to ease, although higher fuel and raw material costs remained a challenge.

The OPEC said Nigeria’s near-term outlook remained positive, with oil production, reform progress, infrastructure investment and stronger business activity providing support.

“Overall, Nigeria’s near-term outlook remains positive, supported by oil production, progress on reforms, infrastructure investment, and stronger business activity,” it stated.

Continue Reading

NEWS

State Police Bill: FG Extends Deadline for Nigerians to Submit Memoranda

Published

on

The Presidential Working Group on the National Policing Bill has extended the deadline for the submission of memoranda and position papers on the proposed legislation to Friday, August 21, 2026.

The extension, announced on Thursday, is aimed at giving Nigerians, institutions and other stakeholders more time to prepare and submit substantive contributions to the proposed reform of the country’s policing architecture.

SEE ALSO: Tinubu Pushes State Police, Sends Constitutional Amendment Bill to Reps

Chairman of the Working Group and Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, said the additional time was necessary to ensure broad consultation and enable stakeholders to make well-considered and technically sound contributions.

“The Presidential Working Group is committed to ensuring that the process of developing the National Policing Bill benefits from broad consultation and the informed perspectives of Nigerians and relevant stakeholders.

“The proposed legislation is intended to provide the operational, administrative, institutional and funding framework necessary for an effective policing architecture that responds to Nigeria’s evolving security needs while providing appropriate safeguards for accountability, professionalism and the protection of citizens’ rights,” Gbajabiamila said.

The Working Group had initially set August 13 as the deadline for public submissions but has now shifted it to 5:00 p.m. WAT on August 21.

Gbajabiamila urged legal practitioners, civil society organisations, security sector professionals, state governments, professional bodies, academics, experts and other interested members of the public to take advantage of the extension.

“All submissions must be made on or before 5:00 p.m. WAT on Friday, August 21, 2026, exclusively through the official National Policing Bill portal, nationalpolicingbill.com,” he stated.

According to the Working Group, the proposed legislation will address critical areas including sustainable funding, command and control structures, recruitment and training standards, operational jurisdiction, inter-agency coordination, accountability mechanisms and safeguards against political interference or abuse.

Gbajabiamila said these issues make extensive stakeholder engagement essential to producing a policing framework that is effective, accountable, sustainable and responsive to the security needs of communities across the federation.

“The Working Group recognises that developing an effective policing framework requires careful consideration of critical issues, including sustainable funding, command and control structures, recruitment and training standards, operational jurisdiction, inter-agency coordination, accountability mechanisms and safeguards against political interference or abuse.

“These considerations underscore the importance of robust stakeholder engagement in developing a framework that is effective, accountable, sustainable and responsive to the peculiar security needs of communities across the Federation,” he said.

The Working Group, inaugurated by President Tinubu to develop the legal framework for the implementation of state police, is expected to present a final, implementation-ready draft of the National Policing Bill for onward legislative processing.

The proposed bill is being developed alongside the constitutional amendment process required to establish state police, with the legislation expected to provide the detailed operational framework for federal and state policing.

 

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

0
Would love your thoughts, please comment.x
()
x