NEWS
Lawan proffers solutions to budget deficit as Buhari presents 2023 Appropriation Bill
By John Danjuma
The President of the Senate, Ahmad Lawan, has given tips on how to reverse the increasing trend of deficits in the nation’s budget.
Lawan gave the tips on Friday in his welcome address at the 2023 budget presentation by President Muhammadu Buhari.
The Senate President told Buhari shortly before he presented the 2023 budget proposals to a joint session of the National Assembly that “our economy is still challenged by dearth of revenues.
“The main source of revenue to the Nigerian Government is Oil and Gas. We always consider the diversification of the economy as crucial and its indeed crucial.
“The idea of deploying our revenues from the Oil and Gas to support the diversification into real sectors like Agriculture, Manufacturing, Mining, etc is now under serious threat.
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“The large scale and massive stealing of our Oil, is concerning, as this reduces drastically the revenues available to the Government.
“With conflicting figures, projections have put our losses from this malaise at between 700,000 to 900,000 barrels of crude Oil per day, leading to about 29 to 35 per cent loss in Oil revenue in the first quarter of 2022.
“This represents an estimated total fall from N1.1 trillion recorded in the last quarter of 2021 to N790 billion in the first quarter of this year.
“The situation has worsened. Recently, the loss of our Oil has reached 1 million barrels per day. Translated into monetary terms, our loss is monumental. The figures show we are not able to meet the OPEC daily quota of 1.8million barrels per day.
“Mr. President, I consider the Oil thieves the worst enemies of our country. The thieves have declared war on our Country and our people.
“I strongly feel that if we do not take the necessary measures to stop the thieves immediately, our economy will be devastated, as efforts to provide infrastructure and diversification of the economy would both be thwarted. It is time to take drastic and desperate measures against the thieves.
“Mr. President, the situation becomes more unfortunate if we factor in the Budget deficit estimated at N7 trillion and the grim prospect of its increase to about N11.30 trillion as presented in the 2023 – 2025 Medium Term Expenditure Framework / Fiscal Strategy Paper (MTEF/FSP).
“Your Excellency, we can reduce the deficit by stopping the theft. We can also consider other options to source more revenues for government.
“I believe that it is imperative to review the waivers and concessions government has granted to the tune of Six Trillion Naira. In a difficult time like this, some of the waivers may no longer be justified.
“In the same vein, we should consider taking off some of the major revenue generating agencies from direct funding by placing them on cost of collection of revenues, as we did for Federal Inland Revenue Service (FIRS), Nigeria Customs Service.
“In this regard, agencies like Nigeria Ports Authority, (NPA), Nigeria Communications Commission, (NCC), Nigeria Maritime Administration and Safety Agency, (NIMASA), etc can be given encouraging cost of collections of revenues.
“The National Assembly Committees on Finance and the Federal Ministry of Finance, Budget and National Planning should jointly look into this matter immediately.
“The condition would require courageous fiscal policy to redress, by reducing the deficit, not just to avoid further increases in our debts, but to ensure macro-economic stability, grow confidence in the system and guarantee sustainable economic growth.
“The National Assembly will support policy frameworks geared towards prudence, transparency and accountability through rigorous appropriation.”
Lawan also called for the completion of the ongoing legacy projects of the Buhari government.
“Mr. President, I strongly believe that the 2023 Budget should target at completion of ongoing projects, especially our legacy projects.
“This is not only because of the importance of infrastructure to the stimulation of economic activities but also to entrench the efforts as a legacy of this administration.
“Our focus on this sector has been exemplary and the benefit to our growth and development cannot be overstated.
“Mr. President, we note the government drive to address the impact of climate change and reverse its effect. Though complicated and dynamic, we should not rest on our oars in dealing with issues like, floods, drying wetlands, desertification, and coastline erosion.
“The menace of flooding in many parts of our country has been particularly worrisome. It has devastated homes, and disrupted families, lives and livelihoods. We will need to take proactive measures to tackle this and especially manage our Dams and other water bodies to curtail the menace of flooding, now becoming a national disaster.
“Our focus and targets should be on how to prevent these annual floods from occurring in the scale that we experience annually. This year, the floods have not only devastated families, but also destroyed our infrastructure, roads particularly.
“Mr. President, as you may be aware, work on the renovation of the National Assembly has begun in earnest. This is why we are in this temporary facility. Government should ensure timely completion of the renovation of the National Assembly Complex, because of the significance of this arm of government to good governance and the sustenance of our democracy.
“Aside from the National Assembly chambers, there are also the National Assembly Service Commission Complex, the National Assembly Library and the National Institute for Legislative and Democratic Studies (NILDS) complex. These projects are integral to the smooth functioning of legislative work, which is why we will need to pay attention to the completion of the projects.
“Mr. President, from the assessment of the prevailing situation our security agencies are recording more successes and the situation is improving.
“In pushing for concerted efforts toward ridding our nation of criminals, the National Assembly will continue to support the Executive arm of government in finding permanent solutions to insecurity in our country. I also commend our defense and security forces for working harder. There is still some work to do.
“Mr. President, be rest assured that Distinguished Senators and Honourable members of the ninth National Assembly will once more begin work on the 2023 Budget immediately.
“As usual, we shall be guided by an utmost sense of duty, responsibility, equity, fairness, justice and patriotism, in the interest of posterity.”
The entire 10 communities of the old Ohaozara Local Government Area, known as Ohanivo, of Ebonyi State have been reverberating with joy, because their illustrious son, the Minister of Works, HE Sen. Engr (Dr) Nweze David Umahi emerged Silverbird’s Most Outstanding Honourable Minister of the Year.
Biztellers reports that Ohanivo is made up of three LGAs, including, Ohaozara, Onicha and Ivo, while the 10 autonomous communities are Uburu, Okposi, Aka Eze, Ishiagu, Isu, Onicha, Ugwulangwu, Ukawu, Abaomege, and Oshiri.
Feelers from the organisers of the glamourous awards, Silverbird Group, assure that plans have been fine-tuned for the annual event, billed for the Eko Hotel and Suites, Victoria Island, Lagos on Sunday.
There are indications that a strong team of community leaders including Chief Kenneth Eze, Uche Umezurike, Okoro Enekwachi, Francis Ekwe, Emma Nwaze, among others would be on ground to cheer the distinguished minister of works as he receives his well-deserved award.
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In a related development, the Member, House of Representatives, representing Ohaozara/Onicha/Ivo Federal Constituency, Hon. (Dr.) Kama Nkemkanma, has sent his congratulatory message to Sen Umahi.
Hon Nkemkanma’s message reads, “It is with deep pleasure that I convey the profound felicitations of my family and good people of Ohaozara/Onicha/Ivo Federal Constituency to our dear leader and achiever, His Excellency, Sen. Engr (Dr) Nweze David Umahi CON, FNSE, FNATE, GGCEHF, Honourable Minister of Works on his emergence as the Silverbird Most Outstanding Honourable Minister of the Year. Whom the cap fits, let him wear.
“Your Excellency, the initiative of this administration to construct the Renewed Hope four (4) legacy projects and the will power to continue the funding and construction of the inherited on-going projects across the six (6) Geo-political Zones are eloquent testimonies of the commitment of Mr President in unlocking the potentials of every segment of our country and building a regenerative economy for sustainable future. We are proud that you have unmitigated signature in this memory. May God continue to give you the flourishing grace and enablement to always be on top in your endeavours.
“Please accept the assurances of the prayers, solidarity, and esteemed regards of my constituents, always. Once more congratulations.”
The Kano State Government has addressed widespread misinterpretations surrounding the recent Court of Appeal judgment on the ongoing emirship dispute, urging the public to rely on accurate legal information.
In a statement issued on Saturday, Governor Abba Yusuf’s spokesman, Sunusi Dawakin-Tofa, clarified the ruling and the government’s position.
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Speaking at a press briefing at the Nigeria Union of Journalists (NUJ) Secretariat in Kano, the state’s Attorney General and Commissioner for Justice, Haruna Dederi, explained that the Court of Appeal’s verdict, delivered on January 10, 2025, upheld the repeal of the Kano Emirate Council Law, 2019, effectively overturning the previous judgment of the Federal High Court, Kano.
However, Dederi noted that Alhaji Aminu Dan’agundi, who was dissatisfied with the ruling, has since filed an appeal at the Supreme Court.
He further stressed that the Appeal Court’s judgment remains binding until the Supreme Court rules otherwise.
Addressing concerns over the stay of execution recently granted by the Court of Appeal, the Attorney General described it as a standard legal procedure intended to maintain the status quo pending the Supreme Court’s final decision.
“The Kano State Government urges the public to remain calm, law-abiding, and avoid any form of provocation,” the statement read.
The government has also directed its legal team to thoroughly review the proceedings and determine the next steps in accordance with the law.
On behalf of the governor, Dederi expressed appreciation to the people of Kano for their patience, understanding, and continuous prayers for peace and progress in the state and the nation.
The emirship dispute has been a topic of intense debate in Kano, with various legal and political implications.
Tensions are rising in Rivers State as the Niger Delta Youth Council (NDYC) has issued a seven-day ultimatum to President Bola Tinubu, threatening to halt oil production in response to the ongoing political crisis in the state.
In a statement signed by its president, Bene Youkore Mamamu, and made available to journalists in Warri on Saturday, the group listed three key demands: the restoration of Rivers State’s statutory revenue allocation, an end to alleged impeachment moves against Governor Similaye Fubara, and a public retraction of reported anti-Ijaw remarks attributed to former Governor and current FCT Minister, Nyesom Wike.
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The youth group warned of dire economic consequences if their demands were ignored.
“We are ready to shock the world in seven days. The oil that fuels this nation flows from our land, the fourth largest and most populated ethnic group in Nigeria. We will not allow Wike, who we suspect is being used by the Presidency, to sabotage our region and undermine Ijaw history,” the statement read.
The NDYC accused Wike of attempting to manipulate the political landscape of Rivers State and marginalize the Ijaw ethnic group, citing his reported comments describing the Ijaws as a “minority within a minority.”
The group labeled the remarks as “provocative, inflammatory, and a declaration of economic and political war.”
Further criticizing the Federal Government, the NDYC alleged that President Tinubu’s administration was enabling Wike’s interference in Rivers politics.
“We are angry that Tinubu’s government has empowered Wike and the Judiciary to undermine Ijaws and the Niger Delta region, with regular threats to impeach Governor Fubara, seize the state’s allocation, insult late Pa Edwin Clark, and rewrite the history of the Ijaw nation,” the letter continued.
With the deadline fast approaching, the NDYC has called on its members to prepare for action, warning that oil production across the region could be disrupted if their demands are not met.
The potential shutdown poses a serious threat to Nigeria’s economy, given that the Niger Delta remains the country’s primary source of crude oil revenue. A disruption could exacerbate economic challenges, including foreign exchange shortages and rising inflation.
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