NEWS
Senate approves N17.3tr 2022 Revised budget, raises recurrent expenditure by N198.77bn
**Okays N4trn subsidy, increases oil benchmark to $73
The National Assembly on Thursday passed an aggregate expenditure of N17.3 trillion as the revised budget for the 2022 fiscal year which mainly raised recurrent expenditure by Nl98.77bn while capital expenditure remained the same.
The amount represented an increase of N192.5 billion from the N17.1 trillion approved and assented to last December.
The passage came after the consideration of a report by the Appropriations Committee on the 2022 Appropriations Bill in both chambers.
Out of the N17.3 trillion passed, N817.6 billion is for Statutory Transfer; N7.1 trillion is for Recurrent Expenditure; Capital Expenditure remained at N5.4 trillion, while N3.97 is for Debt Service.
The parliament also approved a revised 2022 fiscal framework, raising the oil benchmark to US$73 as proposed by President Muhammadu Buhari.
The national assembly oil production volume of 1.600 million per day; Petroleum Motor Spirit (PMS) subsidy of N4.00 trillion (NGN); and a cut in the provision for Federally-funded upstream projects being implemented by N200 billion from N352.80.
The two chambers also approved the fiscal deficit of N7.35 trillion, an increase of N965.42 billion, representing 3.99% of Gross Domestic Product (GDP).
The incremental deficit, it said, would be financed by new borrowings from the domestic market.
The lawmakers also raised the budget of the National Assembly and its agencies to N153 billion from the earlier N139 billion.
The breakdown of the National Assembly votes in the 2022 revised budget are:
While approving an increase in the Federal Government Independent Revenue of N400 billion, the chambers gave its approval for an additional provision of N182.4 billion to cater to the needs of the Nigeria Police Force.
It approved net reductions in Statutory Transfers by N66.07 billion.
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A breakdown of the net reductions is as follows: NDDC, by N13.46 billion from N102.78 billion to N89.32 billion; NEDC, by N6.30 billion from N48.08 billion to N41.78 billion; and UBEC, by N23.16 billion from N112.29 billion to N89.13 billion.
Others are Basic Health Care Fund, by N11.58 billion from N56.14 billion to N44.56 billion; and NASENI, by N11.58 billion from N56.14 billion to N44.56 billion.
President Buhari, in a letter dated 5th April 2022, requested the National Assembly to adjust the 2022 fiscal framework.
He said doing so became necessary in view of new developments in both the global and domestic economies.
Lawmakers, who took turns to make contributions during consideration of the report on the review of the 2022 fiscal framework, blamed the country’s economic downturn on crude oil theft.
Senator Olubunmi Adetunmbi (Ekiti North), said the federal government and security agencies owe it as a duty to stop the stealing of our commonwealth.
He lamented that at a time when most countries of the world are reaping bountiful harvest due to the increase in crude oil prices occasioned by the Russia-Ukrainian crisis, Nigeria is left out owing to its inability to meet its OPEC quota.
The Senate Leader, Yahaya Abdullahi, who spoke along the same lines as Adetunmbi, said the country should be in a state of mourning over what is currently happening to it.
He attributed the failure of security agencies to protect oil assets as a major reason for the decline of the economy.
He expressed worry over the increasing cases of oil theft in spite of huge resources allocated to the military, police, and other security agencies.
Senate President Ahmad Lawan, in his remarks, called on the Federal Government to take “radical” steps toward stopping the theft of crude oil by economic saboteurs.
He also called for a stop to the importation of refined petroleum products into the country, so as to cut down on expenditures incurred in the process, as well as to maximize profits from crude oil sales.
“This (crude theft) is not something to play politics with, and I don’t think the answers are going to be easy to come by.
“Radical decisions would have be taken, but before we find answers we have to live with this, but we have to be fast as possible in looking for answers.
“I had a session with the Chief of Defence Staff about a month ago, and my discussion with him was on the oil theft and the efforts of our security agencies to combat this menace.
“And like we know, our security agencies are doing their best but we have people – our people – who are sabotaging the oil industry because the oil theft is not perpetrated by somebody else but by people who are citizens.
“I also believe that, whether there is oil theft or not, until we stop the importation of refined products to Nigeria, we will never get the best out of the oil and gas industry,” Lawan said.
Recall that the National Assembly in December 2021, had approved the sum of N442.7 billion for subsidy in the 2022 budget for the period of January to June this year.
Buhari, however, anchored his fresh request on the fact that PMS subsidy was not duly appropriated for in the national budget beyond June.
According to him, the development was as a result of the provisions of the Petroleum Industry Act which stops all such payments past the given June deadline.
In another letter dated 12th April 2022, President Buhari requested the National Assembly to approve an additional N1 trillion to his earlier N2.557 subsidy request to bring the total amount on payments to N4 trillion for the year 2022.
He explained that the additional request was against the backdrop of adjustments to the 2022 fiscal framework which became imperative due to market developments occasioned by the spike in crude prices, following the Russian-Ukrainian war.
The chamber, accordingly, approved the President’s request for an additional N3.557 trillion for PMS subsidy with the passage of the 2022 Appropriations Act (Amendment) Bill, Thursday.
It also approved the N192.52 billion aggregate increase sought by the executive, and an additional provision of N182.45 billion to cater to the needs of the Nigerian Police Force to enhance their morale.
The Senate, after passing the 2022 Appropriations Act (Amendment) Bill, adjourned till the 26th of April, 2021.
As part of efforts to address the long-standing plight of retired civil servants, Edo State Governor, Senator Monday Okpebholo has approved the payment of outstanding gratuities dating back to 2012.
According to a government house statement on Monday, the state government has, therefore, commenced the disbursement of N1 billion as the first batch of payments, fulfilling a commitment to clear the backlog inherited from previous administrations.
Gov Okpebholo emphasized his administration’s resolve to prioritize the welfare of retired civil servants who have dedicated their years of service to the state.
He noted that “For over a decade, many of our retirees have suffered due to the non-payment of their gratuities. This administration is putting an end to that hardship. I have approved the release of N1 billion for the first phase of payments, and we will not rest until all outstanding entitlements are cleared.”
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The Governor reiterated that his administration is committed to restoring the dignity of pensioners by ensuring that they receive their due benefits without further delay.
“We recognize the sacrifices made by our retirees, and it is unacceptable that they have had to wait this long for what is rightfully theirs. Our administration will not only clear these arrears but will also put measures in place to ensure such delays do not happen in the future,” Gov Okpebholo added.
He reaffirmed that his administration’s goal is to clear all outstanding gratuities in phases, ensuring that retirees enjoy the fruits of their labour.
The Governor further assured that the disbursement process will be transparent and fair, with pensioners receiving payments in batches based on a structured verification process.
“This is just the beginning. We will not abandon our pensioners. We are determined to ensure that those who served Edo State diligently are treated with the respect and care they deserve,” he concluded.
The Federal Government has reaffirmed its support for the rights of Nigerian citizens, especially young people, to stage protests and express their dissatisfaction with pressing national issues.
However, it cautioned that such actions must remain peaceful and must not result in the destruction of public infrastructure.
Minister of Youth Development, Comrade Ayodele Olawande, made this known in Abuja on Monday in response to recent youth-led protests across parts of the country.
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“Everyone has the right to protest. In fact, if I had the time, I would join the protest myself. There is freedom of expression for all. The young people who are protesting have valid reasons, they see certain issues and feel the need to speak up,” Olawande said.
While backing the right to demonstrate, the minister emphasized the importance of maintaining peace and order during such actions.
He warned that any attempt to damage national infrastructure under the guise of protest would not be tolerated.
“However, while exercising this right, let it not escalate into something else. We will not allow anyone to destroy the infrastructural developments that support our economy and the progress we’ve made in this country,” he stated.
He further urged protesters to express their concerns in ways that do not obstruct public movement or endanger lives, suggesting that peaceful advocacy is more effective and likely to attract genuine attention from authorities.
“Yes, you have the right to speak, to come out and make your voice heard even to stand by the roadside but do not block the roads. Find a peaceful way to express your concerns; people will listen. If I have the opportunity, I’ll be there to speak with them as well.”
Olawande assured that the government is not opposed to demonstrations, but stressed that such activities must be carried out with a sense of responsibility and respect for public property.
“Protesting is a normal part of any society, and we are here to listen. No government is saying you shouldn’t protest but there must be limits and a sense of responsibility,” he added.
Edo State Governor, Senator Monday Okpebholo, is of the view that a wave of massive defections will soon hit opposition political parties in the South-South zone ahead of Nigeria’s 2027 elections.
He bared his mind over the weekend at a special reception in his honour at Ewatto, Esan South East local government area of Edo State after his victory at the election petition tribunal ruling.
He expressed gratitude to Edo people for their support, prayers, and counting him worthy to lead the State and assured the people that Edo would progress and develop under his watch.
In his words, “The people of Edo State will not regret voting me as their Governor. I am happy today that l am in a winning party. A party that was rejected by all and now has become the party that everybody wants to join. APC has come to stay as the government at the center is APC.
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“Very soon, there will be a lot of defections into the APC. People will move and cross carpet from PDP, LP and other opposition parties into the APC and that will be the beginning of South South keying into the reform agenda of President Bola Ahmed Tinubu.
“Today, I am happy and proud to say that I am a son to the President of the Federal Republic of Nigeria. I am also proud to say I carry uncommon grace and uncommon transformation which I am already using to transform and develop Edo State.
“Words that come out of my mouth are prophetic and i am using these words to develop Edo State. My administration is working to ensure motorable roads and reducing traveling time for our people.
“Our development is also covering other neighboring States because South South must speak with one voice as we approach 2027.”
He had kind words for the royal fathers.
“I want to use this opportunity to appreciate our royal fathers for their support and prayers. I also appreciate Edo people for finding me worthy to cast their votes for me on September 21st governorship election in Edo State.
“It is not easy to run two elections in a year and win the two offices. I give God the glory. I am not the talking type and never interested in politics, but really want to develop Edo State.
“In 2021, we looked for an Esan man that would contest for Senate and we did not find any one who wanted to contest under the All Progressives Congress (APC) as everyone wanted to contest under the Peoples Democratic Party (PDP).
“The drive to contest came in 2022 when some people came to appeal to me to contest for the Senate and our discussion became an eye opener which led me into contesting for the Senate seat.
“I lost a beloved sister due to bad water which she consumed and I vowed to ensure good water is available across the State.
“I am really going to ensure good water runs in Edo State. Our development will not just be roads, schools, healthcare, providing the people with good drinking water across the State.”
The Governor and his entourage visited the place of the Onojie of Ewatto, HRH Osagie Sylvanus Ikhumen I, who was joined by other traditional rulers from Edo Central who received the Governor and prayed for the success of his administration.
He also inspected Chief Lee Ikpea’s Medical Center, Idumuiyase, Ewatto, where he was taken round the facility of the hospital, which is yet to be completed by the donor, Dr. Lemon Ikpea.
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