NEWS
2024: States Set N15.91trn Budget Benchmark [Breakdown]
In the upcoming year of 2024, the nation’s 36 states, alongside the Federal Capital Territory, have collectively proposed a substantial budget of N15.91 trillion.
President Bola Ahmed Tinubu previously presented a N27.50 trillion budget titled the “Budget of Renewed Hope” to the National Assembly in late November 2023.
Presently, this budget is undergoing evaluation and discussions for final approval.
The proposed budget is aimed at fostering economic growth with a focus on generating employment, maintaining macro-economic stability, creating a more favorable investment climate, enhancing human capital development, and addressing poverty while improving access to social security.
Following this, governors from each state across the federation proceeded to present their respective budgets to their state assemblies.
A breakdown of the states’ budgets by regions indicates that the Southwest took the lead with a budget of N4.20 trillion, trailed by the South South with N3.43 trillion, the South East with N2.29 trillion, the North West with N2.50 trillion, the North Central with N1.89 trillion, and the North East with N1.60 trillion.
Within the total budget of N15.91 trillion, Lagos state emerged at the forefront, allocating N2.25 trillion.
This was followed by Akwa Ibom with N845.63 billion, Rivers with N800.39 billion, Delta with N724.90 billion, Ogun with N703.03 billion, Imo with N592.23 billion, Abia with N567.20 billion, Bayelsa with N480.99 billion, Enugu with N521.56 billion, and Anambra with N410.10 billion.
Niger state took the lead among other northern states with a budget of N613.27 billion, followed by Kaduna state with a budget of N458.27 billion. Following closely was Katsina with a budget of N454.31 billion.
Other states include Oyo with N434.22 billion, Zamfara with 423.52 billion, Ondo with N384.53 billion, Kano with N350.20 billion, Borno with N340.62 billion, Edo with N325.30 billion, Taraba with N311.39 billion, Bauchi with N300.22 billion, Jigawa with N298.14 billion, Kwara with N286.40 billion, Plateau with N295.43 billion, and Osun with N273.91 billion.
Kogi state unveiled a budget of ₦258.28 billion, which will be managed by the incoming governor following the departure of Governor Yahaya Bello in February 2024, concluding his two terms of four years in office.
Sokoto followed with a N270.1 billion budget, trailed by Kebbi with N250.13 billion, Cross River with N250 billion, Adamawa with N225.89 billion, Benue with N225.73 billion, Yobe with N217.00 billion, Gombe with N207.75 billion, Ebonyi with N202.13 billion, and Nasarawa with N199.88 billion.
Ekiti state presented the lowest budget of N159.57 billion.
Previously, Economic Confidential, a PR Nigeria subsidiary, identified Lagos, Ogun, Rivers, Kaduna, Kwara, Oyo, and Edo as the most financially robust states in Nigeria for 2022.
Zekeri Idakwo, the Assistant Editor of Economic Confidential, revealed this information during a press briefing and the unveiling of the 2022 Annual States Viability Index Report in Abuja.
He mentioned that the report was assembled using data released by the Nigerian Bureau of Statistics and the Federal Account Allocation Committee.
NEWS
Christmas: Shettima Assures Of FG’s Commitment To Citizens’ Welfare
Nigeria’s Vice President, Kashim Shettima has assured Nigerians of the federal government’s dedication to national security, economic transformation, and welfare of the citizens.
This was detailed in a Christmas message on Wednesday afternoon in Abuja under the signature of the Senior Special Assistant to The President on Media & Communications (Office of The Vice President), Stanley Nkwocha.
According to the Vice President, the administration of President Bola Ahmed Tinubu remains unwavering in its focus on these critical areas, as the country looks forward to the dawn of a new year.
ALSO READ: Tinubu Sends Hearty Christmas Greetings To Christians Worldwide
He said, “In these times of economic transformation, I want to assure you that the President Bola Ahmed Tinubu administration remains steadfast in its commitment to improving the lives of all Nigerians.”
Vice President Shettima particularly urged the citizens to imbibe the virtues of national unity during the yuletide season.
“Nigeria’s diversity remains our greatest strength. Let us avail ourselves of the time provided by the holiday season to strengthen the bonds of brotherhood that unite us across all faiths and regions,” he said.
Senator Shettima assured Nigerians of the continued vigilance of the nation’s security forces, noting that “our brave security personnel will continue to work round the clock during this festive period to keep us safe.”
He said enhanced security measures have been put in place to protect the citizens during the holiday period.
“The relevant agencies have been mobilized to ensure your safety and comfort on all major routes,” he stated, urging travelers to remain vigilant.
VP Shettima expressed optimism about the nation’s trajectory in the coming year, saying, “I am filled with hope and optimism about Nigeria’s future. Together, we will build a more prosperous and united nation.
“To our young people, you are the backbone of our nation. The Renewed Hope administration is implementing various initiatives to create opportunities for you to thrive and contribute to Nigeria’s development,” he added.
NEWS
Yuletide: Adeleke Rejoices With Christians
Osun State Governor, Senator Ademola Adeleke has felicitated Christians in Osun State and beyond on the occasion of the 2024 Christmas celebration, urging them to follow Jesus Christ’s example of compassion and tolerance.
Biztellers reports that Gov Adeleke described the birth of Jesus Christ as a defining moment for mankind, in a statement in Osogbo on Tuesday.
He described the festive season as a solemn reminder of the power of love and how it can save humanity.
ALSO READ: Archbishop Martins Champions Clamour For Better Life For Nigerians
While recognising unity and togetherness as an important message that Jesus Christ’s life resonates, Gov Adeleke charged Osun people, particularly Christians, to draw from the spiritual import of the celebration by sharing love and fostering harmony in communities.
In his words, “I extend my warm wishes to Christian faithful in Osun state and beyond as we mark this year’s Christmas. The birth of Jesus Christ is a manifestation of the power of love and remind us of the essence of compassion,” the Governor noted in his message.
“In the mood of celebration, I urge us to take a moment to reflect on the message of renewal that the birth of Jesus Christ signifies, promoting activities that will unite not divide, build not destroy, and bring peace not conflict.
“It is also my sincere appeal that we extend hands of kindness to the needy and the weak in the society, spreading love and generosity beyond borders. That is the essence of Christmas and it is most essential that at a time like this, no one is left to their fate.”
NEWS
Archbishop Martins Champions Clamour For Better Life For Nigerians
Archbishop Alfred Adewale Martins, of the Catholic Archdiocese of Lagos, has enjoined all Nigerian leaders to be more sensitive to the yearnings of the people for a better life.
This was contained in a 2024 Christmas Message to Nigerians issued in Lagos under the signature of the Director of Social Communications, Very Rev. Fr. Anthony Godonu.
According to the Archbishop there is an urgent need for a better enabling environment to allow businesses thrive in a bid to reduce the high rate of unemployment and the grinding poverty in the land.
He urged leaders to prioritise the welfare of citizens over personal needs in addressing the widespread hunger, poverty, joblessness, and insecurity ravaging the nation.
ALSO READ: Tinubu Sends Hearty Christmas Greetings To Christians Worldwide
In his words, “Even in the face of policies that are deemed to have positive results in the long-term, such as the removal of fuel subsidies, floating of the naira and the new tax reforms initiative, governments must ensure that the immediate welfare of people is not neglected but factored into the planning and execution of such policies. This is necessary, if the people for whom the policies are being made are not to die before the positive results begin to manifest.
“At the same time, government spending must be prudent and compassionate. In addition, it is necessary to pay more attention to the agricultural sector so that food security can be ensured for overall benefit.”
The Prelate described as very sad and depressing the recent loss of several lives of innocent Nigerians in Ibadan, Abuja, and Anambra in their quest to access food palliatives owing to pervading hunger across the country.
He considered it worrisome that many Nigerians now find it difficult to purchase necessities of life, especially during this festive season that should be a period of merriment, sharing of love, food, and other essentials, which are the hallmarks of the Christmas season.
To forestall a reoccurrence of such ugly incidents, the prelate urged governments, at both federal and state levels, as well as the legislative assemblies, to identify and quickly fix the loopholes in the polity that are responsible for the massive poverty and hardship which Nigerians are facing.
He advocated the appraisal of the nation’s existing laws and enactment and enforcement of only proactive policies that would open the business environment, attract investors, and create more jobs so that the citizens can afford their basic needs; rather than depend on palliatives that offer only temporary relief.
The prelate urged substantial investments in the agricultural sector of the economy to ensure the availability of basic foodstuffs; thereby reducing the high cost of essential food items like rice, beans, onions and grains.
“If citizens have food in their homes, people will not endanger their lives while scrambling for palliatives in the way it happened,” he noted with sadness.
While praying for the souls of those who died in the recent stampedes in parts of the country, he also commiserated with those who lost their loved ones, praying that Jesus, the Prince of Peace would bring solace to the afflicted, comfort to the grieving, and hope to the despairing.
“This special season reminds us of the profound love of God, who sent His only Son to redeem humanity. May the light of Christ illuminate our lives, dispel darkness, and fill our hearts with love, compassion, and kindness. As we gather with family and friends, let us not forget those who are less fortunate, the vulnerable and the marginalised. May our celebration be a catalyst for acts of charity, generosity, and solidarity,” he stated.