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Buhari assents to N17.127Trillion budget in company of Lawan, Gbajiabiamila

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Buhari writes senate seeks confirmation of 7 ministerial nominees

 

President Muhammadu Buhari on Friday in Abuja signed into law the 2022 Appropriation Bill and the 2021 Finance Bill.

The President signed the documents in the Presidential Villa in the presence of Senate President Ahmed Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council.

The President’s is in keeping with the tradition of restoring a predictable January to December fiscal year, as provided for in the Constitution of the Federal Republic of Nigeria,

Speaking at the event, the President said the 2022 Budget, just signed into law, provides for aggregate expenditures of N17.127 trillion, an increase of N735.85 billion over the initial Executive Proposal for a total expenditure of N16.391 trillion.

The President explained that N186.53 billion of the increase however came from additional critical expenditures that he had authorized the Minister of Finance, Budget and National Planning to forward to the National Assembly.

‘‘The Minister will provide the public with the details of the budget as passed by the National Assembly, and signed into law by me,’’ he said.

The President announced that as the 2023 Budget is going to be a transition budget, work will start in earnest to ensure early submission of the 2023-2025 Medium-Term Expenditure Framework and Fiscal Strategy Paper as well as the 2023 Appropriation Bill to the National Assembly.

He, therefore, directed Heads of Ministries, Departments and Agencies (MDAs) to cooperate with the Ministry of Finance, Budget and National Planning, more specifically with the Budget Office of the Federation, to realise this very important objective.

President Buhari also expressed strong reservations on the ‘‘worrisome changes’’ made by the National Assembly to the 2022 Executive Budget proposal.

He announced that he would revert to the National Assembly with a request for amendment as soon as the Assembly resumes to ensure that critical ongoing projects cardinal to this administration do not suffer a setback due to reduced funding.

The President recounted that during the presentation of the 2022 Appropriation Bill, he had stated that the fiscal year 2022 would be very crucial in his administration’s efforts to complete and put to use critical agenda projects, as well as improve the general living conditions of our people.

‘‘It is in this regard that I must express my reservations about many of the changes that the National Assembly has made to the 2022 Executive Budget proposal.

‘‘Some of the worrisome changes are as follows:

‘‘Increase in projected FGN Independent Revenue by N400 billion, the justification for which is yet to be provided to the Executive;

‘‘Reduction in the provision for Sinking Fund to Retire Maturing Bonds by N22 billion without any explanation;

‘‘Reduction of the provisions for the Non-Regular Allowances of the Nigerian Police Force and the Nigerian Navy by N15 billion and N5 billion respectively.

‘‘This is particularly worrisome because  personnel cost provisions are based on agencies’ nominal roll and approved salaries/allowances;

‘‘Furthermore, an increase of N21.72 billion in the Overhead budgets of some MDAs, while the sum of N1.96 billion was cut from the provision for some MDAs without apparent justification;

‘‘Increase in the provision for Capital spending (excluding Capital share in Statutory Transfer) by a net amount of N575.63 billion, from N4.89 trillion to N5.47 trillion.’’

President Buhari also expressed concern in the reductions in provisions for some critical projects, including N12.6 billion in the Ministry of Transport’s budget for the ongoing Rail Modernisation projects; N25.8 billion from Power Sector Reform Programme under the Ministry of Finance, Budget and National Planning; N14.5 billion from several projects of the Ministry of Agriculture, and introducing over 1,500 new projects into the budgets of this Ministry and its agencies.

Further, the President also expressed his reservations on the following:

‘‘Inclusion of new provisions totaling N36.59 billion for National Assembly’s projects in the Service Wide Vote which negates the principles of separation of Powers and financial autonomy of the Legislative arm of government.

‘‘The changes to the original Executive proposal are in the form of new insertions, outright removals, reductions and/or increases in the amounts allocated to projects.

‘‘Provisions made for as many as 10,733 projects were reduced while 6,576 new projects were introduced into the budget by the National Assembly.

‘‘Reduction in the provisions for many strategic capital projects to introduce ‘Empowerment’ projects.

‘‘The cuts in the provisions for several of these projects by the National Assembly may render the projects unimplementable or set back their completion, especially some of this Administration’s strategic capital projects.

‘‘Most of the projects inserted relate to matters that are basically the responsibilities of State and Local Governments, and do not appear to have been properly conceptualised, designed and costed.

‘‘Many more projects have been added to the budgets of some MDAs with no consideration for the institutional capacity to execute the additional projects and/or for the incremental recurrent expenditure that may be required.’’

President Buhari declared that it was surprising that despite the National Assembly increasing projected revenue by N609.27 billion, the additional Executive request of N186.53 billion for critical expenditure items could not be accommodated without increasing the deficit, while the sum of N550.59 billion from the projected incremental revenues was allocated at the discretion of National Assembly.

‘‘I signed the 2022 Appropriation Bill into law to enable its implementation to commence on 1st January 2022.

‘‘However, I will revert to the National Assembly with a request for amendment and/or virement as soon as the Assembly resumes to ensure that critical ongoing projects that are cardinal to this administration, and those nearing completion, do not suffer a setback due to reduced funding.’’

On COVID-19 and budget implementation, the President said despite the lingering adverse effects of the pandemic, he was happy with the success recorded in the implementation of the 2021 Budget.

‘‘The sum of N3.94 trillion that was provided for the implementation of capital projects by MDAs during the fiscal year has been released fully.

‘‘To enable MDAs to complete the implementation of their 2021 capital projects and optimise the impact of the capital budget on the economy, they have been allowed to continue to expend the funds released for their 2021 capital budgets till 31st March, 2022,’’ he said.

The President commended the understanding and speedy action of the National Assembly on this matter.

‘‘As the 2022 Budget will be the last full year budget to be implemented by our Administration, its effective implementation is very critical for delivering our legacy projects, promoting social inclusion and strengthening the resilience of the economy.

‘‘The Ministry of Finance, Budget and National Planning will implement all measures required to ensure timely and targeted release of capital votes.

‘‘All MDAs are to effect early commencement of project implementation, while ensuring productive use of funds provided for achievement of the objectives set for their sectors.

‘‘Considering the incidence of new COVID-19 variants globally, we will ensure timely implementation of measures provided for in the 2022 Budget to contain the spread of the virus and protect our people.

‘‘We continue to count on the collaboration of the State governments in our effort to protect the lives and livelihood of our people.’’

To achieve the laudable objectives of the 2022 Budget, President Buhari pledged that the Federal Government would further intensify revenue mobilis

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‘Obi Has Nowhere to Hide’ — APC Campaign Council Tackles Peter Obi Over Anambra Record

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#NigeriaDecides: Obi Leads With 6 Of 8 LGs Declared In Plateau

The All Progressives Congress (APC) Presidential Campaign Council has launched a fresh attack on former Anambra State Governor and 2027 presidential hopeful, Peter Obi, over his administration’s financial record, accusing him of failing to fully account for the state’s liabilities when he left office.

The APC campaign council, in a statement issued by its spokesman, Dele Alake, on Monday, September 21, 2026, said recent disclosures by the Anambra State Government had challenged claims that Obi left the state without a debt burden.

SEE MORE: The Soludo, Obi Spat – When Brothers Fight to the Finish

According to the council, the Anambra State Government disclosed that Obi spent about $4.05 billion, equivalent to N5.4 trillion, during his eight years as governor and contracted $123.77 million in external loans.

It further claimed that eight external borrowing facilities for projects covering malaria control, erosion management, education and healthcare were outstanding when Obi left office on March 17, 2014.

The APC council said subsequent administrations, including that of Governor Chukwuma Soludo, continued to service the obligations.

Alake argued that while borrowing was not inherently wrong when used for development, the issue was significant because of Obi’s long-standing public image as a financially prudent leader and his alleged claim that he left Anambra without a debt burden.

The statement also raised allegations concerning unpaid salaries during Obi’s tenure.

Alake cited a memo purportedly written by Obi’s then Chief of Staff, Chuks Ileogbunam, dated April 25, 2006, appealing to the former governor to pay N15 million in monthly salaries owed to workers of the Anambra State Water Corporation.

According to the APC spokesman, the memo warned that the workers could protest at the Governor’s Office over the unpaid salaries.

The statement quoted Ileogbunam as appealing to Obi to consider the welfare of the affected workers and their families.

The APC campaign council further claimed that Obi had promised during his campaign for governor that he would resign if there was any case where workers were not paid as and when due.

Against that backdrop, Alake challenged Obi to honour what he described as his previous commitment to withdraw from the presidential race if it was established that his administration left liabilities behind in Anambra.

“Indeed, if Peter Obi has any honour, he must resign from the 2027 presidential race forthwith, in keeping with his promise to end his run if it is proven that his administration left behind liabilities in Anambra,” Alake said.

The APC spokesman also criticised Obi over a recent solidarity visit to an individual facing an Economic and Financial Crimes Commission (EFCC) trial, questioning the political implications of the visit.

The latest statement comes amid an ongoing dispute over the financial record of Obi’s eight-year administration in Anambra.

The Anambra State Government has maintained that records show external loans contracted during Obi’s tenure remained outstanding after he left office, while the issue has become a major point of political debate ahead of the 2027 general elections.

The APC campaign council urged Obi to address the allegations and account for his administration’s financial record rather than continue to project himself as a leader who left Anambra without liabilities.

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The Soludo, Obi Spat – When Brothers Fight to the Finish

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Political watchers have been and will continue following the verbose altercation between two illustrious sons of Igboland, Peter Gregory Obi and Charles Chukwuma Soludo.

Interestingly, both hail from Anambra State and share the common academic background of having studied at the famous University of Nigeria, for which they are called Lions. Their feminine counterparts would be called Lionesses.

At the moment they are in the roped square, battling for the votes of the entire Igboland, one for himself and the other for his “political friend”.

Obi, who prides himself as a trader in the polity, was governor of Anambra State from March 2006 to March 2014. He even survived an impeachment in his leadership of the state which resulted in a brief break in late 2006 and 2007. Towards the end of his tenure as governor, Obi warmed himself into the hearts of the party at the centre, then the Peoples Democratic Party (PDP) and was invited to the high table on several occasions by then President Goodluck Jonathan.

He has since remained focused on offering his services to Nigeria at the highest office in the land.

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Soludo is the incumbent governor of Anambra State. An office he unsuccessfully vied for in 2010 under the PDP. He faced defeat in the hands of the All Progressives Grand Alliance (APGA), led by Obi.

Obi Versus Soludo
The electorate understand that both are ambitious politicians, who would give whatever they deem fit to fuel the fire of their political appetite.

The fact that Soludo switched from the PDP to APGA to realise his gubernatorial ambition speaks volumes to politicians, their loyalty and ambitions.

Their academic backgrounds show that Obi earned a Bachelor of Arts in Philosophy from the University of Nigeria, Nsukka in 1984, while Prof Soludo earned three degrees and a professorship in economics from the University of Nigeria, Nsukka, winning the prize for the best graduating student at every level. He etched his name into national consciousness during his tenure as the Economic Adviser to the President, which earned him appointment as the Governor of the Central Bank of Nigeria (CBN). An office he used to engineer banking reforms in Nigeria and endear himself to the citizenry.

Their stories become more intriguing when mirrored in the political microscope.

Obi stood with the people, (something akin to the talikawa political philosophy in the northern part of Nigeria), under the grassroot political movement championed by the APGA and fought with the arms of strategic marketing communications, mass appeal and the judiciary to oust then ruling party at the centre, the PDP from the Anambra State Government House.

Soludo’s first attempt at gaining executive political power through the ruling PDP proved abortive and he had to navigate his way into APGA to realise his ambition.

On his way to the Anambra State Government House, through the APGA Soludo had to eulogise the heroes of the party and Igbo icons, including the late Ikemba Nnewi, Dim Chukwuemeka Odimegwu Ojukwu and Obi. Some of the eulogies he rendered now stare him in the face, diminishing his diatribes against Obi.

Politics of Friend of My Enemy
In the game of politics, fair is foul and foul is fair. What matters most to the average Nigerian politician is to attain his or her ambition. Nigeria’s political landscape is replete with family members (spouses, blood brothers/sisters, nephews and cousins, name it) being pitched against one another as pawns in the political chess game.

Political watchers are confident that the Obi, Soludo case will not be the last. It has been on, they say, citing the instance of cousins in Rivers State, Celestine Omehia and Rotimi Amaechi battling hard for the governorship of Rivers State in 2007. They also point out that no love lost political game played in Kwara State, involving the Olusola Saraki family with his son, Bukola Saraki who went toe-to-toe against his sister, Gbemisola Saraki.

At the moment the political melodrama involving the Nasir El-Rufai family, where his children are singing discordant tunes is a fresh case study in the Nigerian polity.

This is why political observers see nothing strange in the Obi versus Soludo political theatricals.

This matter is compounded by the fact that Nigerians care less about how their political leaders emerge. The Nigerian judiciary is also not known to indulge in meticulous scrutiny of how the executive power holders ascend the throne.

Those in the know maintain that Soludo is merely piping the tunes being dictated by the party at the centre, the All Progressives Congress (APC), partly because he wants to be in their good books, which will help him shield himself from thorough investigations, while he also wants to build a foundation for his future political ambitions.

Recall that Soludo sought the backing of the APC for his re-election as governor of Anambra State for which he in turn assured the powers that be, that he would support them in the presidential election of 2027.

As the beat for the dance of the voters in the 2027 presidential election hots up, the APC might have thought to undo a formidable opponent, Obi, in his homefront, sought for, found and recruited a good ally in Soludo.

A chieftain of the APC and Minister of Aviation, Festus Keyamo, vented the stance of the ruling party and what informed the position, either unwittingly or strategically, in a post on his verified handle on X on Friday.

Keyamo wrote, “I see some suggestions that everyone is ‘obsessed’ about Peter Obi because we are always talking about him. I am sorry, but they miss the point. When someone lies per second, you also have to fact-check him per second. He got away with the lies in 2023, but this time Nigerians are ready to fact-check every claim of the ‘yes-daddy’ man.

“Therefore, to put it simply, the amount of time we talk about Peter Obi is directly proportional to the amount of lies he tells.”

What the People are Saying
The electorate to whom both Obi, Soludo and the APC are piping are not merely watching with keen interest, they are lending their voices into the political rhymes.

And the words from the streets indicate that the voters are, to paraphrase, legendary Chinua Achebe in Things Fall Apart, ‘the people did not just notice that Okonkwo was not seated among the elders; they also observed “that the second spirit walks with the same distinct, springy step as” Okonkwo’.

A political activist, Obodo Umunna, told Biztellers that while the political parties and politicians remain within their rights remain within their rights to canvass for votes, as they deem fit, they are also aware that the electorate can make free choices.

“This is why they are eager to grab it and run with it,” he said, adding that should they trust the narratives they are peddling, there would be less election malpractice in Nigeria.

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Ogun 2027: APC’s YAYI Donates 30-Seater Bus to Remo Council

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The All Progressives Congress (APC) governorship candidate in Ogun State, Senator Solomon Olamilekan Adeola, popularly known as YAYI, has donated a 30-seater bus to the Remo Traditional Council.

Adeola disclosed the donation on Friday during a visit to the Akarigbo and Paramount Ruler of Remoland, Oba (Dr.) Babatunde Adewale Ajayi, and the entire Remo Traditional Council.

SEE MORE: 2027: Wike’s 419ners, Lazy Remarks Against APC Gov in Bad Taste — Aliyu

The donation, according to the APC candidate, was made in further support of the traditional institution and to facilitate the official engagements and responsibilities of members of the council.

Adeola visited the traditional council alongside Ogun State Governor, Prince Dapo Abiodun; his running mate, Alhaja Kudirat Adegunwa-Balogun; and other APC leaders.

He expressed appreciation to Governor Abiodun for presenting him and his running mate to the royal fathers as his successors, while commending the governor for laying what he described as a solid foundation for Ogun State’s continued growth.

The APC candidate said he was committed to consolidating the achievements of the Abiodun administration if elected, promising to govern the state with fairness, equity and integrity.

Adeola also pledged that no community would be neglected under his proposed administration.

He thanked the Akarigbo and other traditional rulers for their warm reception, encouraging remarks and special royal prayers for him and his running mate.

The visit comes as political activities ahead of the 2027 Ogun State governorship election continue.

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