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Supplementary Budget: State House Allocated N28bn For Renovation Of Houses, Cars [ Full Breakdown]

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The 2023 Supplementary Budget of N2.176 trillion reveals that a substantial portion, N615 billion, is allocated to the Servicewide Vote.

 

This allocation aims to facilitate the fulfillment of the federal government’s commitment to providing a monthly N35,000 allowance to its workers, as part of the strategy to mitigate the impact of the fuel subsidy removal, as announced by President Bola Tinubu.

 

Pending approval by the National Assembly, a sum of N28 billion is earmarked for multiple purposes, including house renovations and vehicle acquisitions.

 

Specifically, N4 billion is allocated for the refurbishment of the President’s residential quarters in Abuja, while the remaining funds are intended for purchasing cars for the President and Vice President, Sen. Kashim Shettima, along with official vehicles for Villa staff.

 

Likewise, a budget of N4 billion is designated for the renovation of Dodan Barracks, specifically for the President.

 

Additionally, N3 billion is allocated for the renovation of the Vice President’s official quarters in Lagos, and N2.5 billion is set aside for the refurbishment of Aguda House.

 

Allocation details for car purchases in the Villa include: N2.9 billion for SUV vehicles, another N2.9 billion for the replacement of pool vehicles, and N1.5 billion for official vehicles for the Office of the First Lady.

 

Furthermore, a significant expenditure involves the construction of an office complex in the State House, allocated N4 billion.

 

For the State House Complex at Mabushi, N1.5 billion is allocated for the acquisition, renovation, and rehabilitation of two EFCC fortified quarters.

 

Additionally, a similar complex in Guzape receives another N1.5 billion. The computerization and digitalization of the State House are also allocated N200 million.

 

In the distribution among Ministries, Departments, and Agencies (MDAs), the Ministry of Defence takes the lead with a substantial allocation of N476.5 billion, followed by the Ministry of Works with N300 billion for capital projects.

 

The Ministry of Agriculture and Food Security receives a total of N200 billion, comprising N104.8 billion for recurrent expenses and N95.2 billion for capital projects.

 

Other allocations include N200 billion for the Federal Capital Territory, N100 billion for the Ministry of Housing, and N49.9 billion for Police Formations and Command, consisting of N29.6 billion for recurrent and N20.3 billion for capital expenses.

 

The Department of State Services (DSS) is allocated N49.04 billion, and the Office of the National Security Adviser (NSA) receives N29.7 billion. Additionally, N210.5 billion is earmarked for Capital Supplementation.

NEWS

JUST IN: Justice Adeyeye, Ekiti State’s CJ Passes On

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The Chief Judge of Ekiti State, Hon Justice Oyewole Adeyeye has passed on.

The news of his passing was leaked by a reliable source under the condition of anonymity.

The sad incident, according to the source, happened in Ado Ekiti in the early hours of Tuesday.

His death is being traced to a sickness which came upon him following the injury he sustained when a section of the Ekiti State High Court Complex, Ado Ekiti wall collapsed in July 12, 2023.

ALSO READ: #EndBadGovernance Protests: Tinubu Orders Release Of Detained Minors

The late Justice Adeyeye was at the office when the building collapse happened and sustained injuries.

While the state and his family were yet to issue statements on his demise, the Ekiti State Chapter of the Association of International Female Lawyers (FIDA) has sent condolences to the family.

The condolences message read: “With deep sorrow in our hearts and in total submission to the will of God, FIDA Ekiti consoles with the family of the Chief Judge of Ekiti State, Hon Justice Oyewole Adeyeye on his call to glory.

“May He find rest with his maker.

“I pray that God grants the family, the Judiciary and the people of Ekiti State, the grace to bear this irreparable loss.

Adieu great one.”

Justice Adeyeye was born 1960 in Araromi Ugbesi in Ekiti East Local Government of Ekiti State and was called to bar in 1986.

He started his career as a State Counsel in the civil service of the then Ondo State before joining the Ekiti State Judiciary Service Commission shortly after the state was created in 1996.

He was promoted to the position of a judge in the state’s high court in 2002 and has served at different occasions in the election petition tribunal.

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BREAKING: Court Drops Charges Against 76 #EndBadGovernance Protesters

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A Federal High Court in Abuja has dismissed all charges against 76 individuals accused of participating in the nationwide #EndBadGovernance protests.

The ruling came after the Attorney General of the Federation (AGF), Lateef Fagbemi, moved to discontinue the case under orders from President Bola Tinubu.

READ MORE: N1.3trn Fraud: EFCC Arrests Ex-Delta Gov, Ifeanyi Okowa

Justice Obiora Egwuatu, presiding over the matter, struck out the charges after hearing a motion from the AGF’s representative, Director of Public Prosecution of the Federation (DPPF) Mohammed Abubakar.

Citing Section 174 of the 1999 Constitution, the AGF formally took over the case from the Inspector General of Police, then requested to drop all charges against the defendants, many of whom are minors.

The judge granted the AGF’s application without objection from defense counsel, ordering the immediate release of the accused, who were not present in court.

This decision follows a directive issued on Monday by President Tinubu, instructing the AGF to withdraw charges against the protesters.

 

 

 

 

More to follow………. 

 

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Fuel Pricing: PETROAN Accuses Dangote Refinery Of Monopoly

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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns over alleged monopolistic practices by Dangote Refinery, following a public dispute about fuel pricing in the downstream petroleum sector.

Recall that the refinery, Africa’s largest, recently disclosed its petrol pricing at N990 per litre in trucks and N960 per litre into ships, a move it justifies as being in line with international rates.

READ MORE: Nigeria’s Debt Service Ratio Falls To 65% As Tinubu Tackles Economic Woes

PETROAN, however, sees this as an attempt to suppress competitors and dominate the Nigerian market.

The rift began when Dangote Refinery claimed that complaints from marketers regarding its pricing were fueled by intentions to import cheaper, potentially substandard products.

In response, PETROAN strongly rejected these allegations, suggesting that Dangote’s claims are tactics designed to maintain a monopoly in the sector.

Joseph Obele, PETROAN’s spokesperson, stated that the association remains committed to importing high-quality products at more competitive rates to ensure affordability for Nigerian consumers.

According to PETROAN, competition in the market is essential for achieving fair pricing, and any attempt to stifle it would be detrimental to consumers.

They argue that Dangote Refinery’s pricing should reflect production costs and fair margins rather than international benchmarks, especially given concessions granted by the government for the refinery’s establishment.

PETROAN also announced its plans to partner with foreign refineries and financial backers to import premium-quality petroleum products at prices below current rates.

The association aims to enter the market by December 2024, pending necessary regulatory approvals.

“The allegations that PETROAN will import substandard products are unfounded and aimed at creating an unfair playing field,” the statement read.

PETROAN warned that similar claims in the past had led to significant price hikes when competitors were pushed out, emphasizing that the entry of new players into the market would lead to more competitive pricing and ultimately benefit Nigerian consumers.

PETROAN expressed appreciation for President Bola Tinubu’s commitment to revitalizing Nigeria’s state-owned refineries and urged the government to consider privatizing the Port Harcourt and Warri refineries once rehabilitation is complete.

The association believes a transparent privatization process will help strengthen Nigeria’s downstream sector and counter monopolistic tendencies.

To address the ongoing pricing challenges in the sector, PETROAN called on the government to convene a comprehensive meeting of industry stakeholders, including major associations like IPMAN, DAPPMAN, MEMAN, NUPENG, and PENGASSAN.

PETROAN believes that collaboration among these groups will be instrumental in establishing a sustainable and competitive pricing framework for petroleum products in Nigeria.

 

 

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