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Buhari signs revised 2020 budget Friday – Presidential aide

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Buhari signs revised 2020 budget Friday – Presidential aide


Budget

By Ismaila Chafe

Abuja, July 9, 2020(NAN) President Muhammadu Buhari will on Friday sign into law the revised 2020 budget passed by the National Assembly in June.

The Personal Assistant on New Media to the President, Bashr Ahmad, confirmed this on his tweeter handle in Abuja on Thursday.

The News Agency of Nigeria (NAN) reports that the two chambers of the National Assembly, Senate and House of Representatives, had on June 10 and June 11 respectively passed the revised 2020 budget of N10,805,544,664,642.

NAN recalled that the Federal Executive Council (FEC) had on May 13 approved a revised budget of 10.523trillion.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, who disclosed this, said the Council approved the reduction of oil benchmark price from the initial 57 to 25 dollars per barrel, crude oil production from 2.18million to 1.94million per day.

She said: “The council has approved our recommendations and the approval has these key parameters.

“The crude oil price is approved at $25 per barrel, crude oil production is at 1.94 million barrels per day and then an exchange rate of N360 to $1.

“The revised budget is now in the total sum of N10.523 trillion, a difference of just about N71.5 billion when compared to the approved budget.

“This is because, as we cut down the size of the budget, we also have to bring in new expenditure previously not budgeted, to enable us adequately respond to the COVID-19 pandemic.

“The federal government in this budget will have direct revenue of funding the budget of N5.158 billion. The deficit to this budget, N5.365 trillion and this will be financed by both domestic as well as foreign borrowing.

“The foreign borrowing we are doing for 2020 are all concessionary loans from the IMF, which has already been approved and has crystallized, from the World Bank, Islamic Development Bank as well as Afro EXZIM bank.

“There will also be some drawdown of previously committed loans for major ongoing projects that we will be drawing from both existing facilities as well as some special accounts with the approval of Mr. President and the National Assembly,’’ she said.

However, the legislators increased the budget from the initial N10.5trillion submitted by President Buhari to N10.8trillion.

The figure shows that the sum of N2,488,789,433,344 is for capital expenditure and recurrent non-debt expenditure rose to N4,942,269,241,984.

Others are N2.6 trillion for debt service and N2.9 trillion for sinking funds. (NAN)

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Edited By: Ismail Abdulaziz (NAN)

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General news

Buhari mourns Sen. Osinowo

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President Muhammadu Buhari has condoled with the family of Osinowo and the Senate of the Federal Republic of Nigeria on the death of Sen. Sikiru Adebayo Osinowo, the Senator representing Lagos East senatorial district.


The president’s condolence message was released by his Senior Special Assistant on Media and Publicity, Malam Garba Shehu, in Abuja on Monday.

President Buhari observed that, as a member of the ninth senate and Chairman of Senate Committee on Industry and member of other committees, Osinowo worked diligently to advance this administration’s objective of building a better and prosperous Nigeria.

He affirmed that the Senator’s commitment to meet the needs of his community as a four-time member of the Lagos State House of Assembly, devotion to national development as well as insightful contributions at the floor of the Senate would be fondly remembered and missed.

The President prayed almighty God to grant the family of Osinowo, friends and well-wishers the fortitude to bear the loss.

Edited By: Felix Ajide (NAN)

 

 

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General news

Buhari mourns retired Maj.-Gen. Ortho Obada

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President Muhammadu Buhari has condoled with the government and people of Delta State over the passing of former Federal Commissioner for Works, retired Maj.-Gen. Orho Esio Obada.


In a statement by his Senior Special Assistant on Media and Publicity, Malam Garba Shehu, in Abuja on Monday Buhari extended sympathies to family and friends of the deceased.

The president commiserated with Agbarho Kingdom in Ughelli North Local Council, and Urhobo Progress Union.

He urged all his associates to draw strength from the legacies that he left behind, most commendably his willingness to serve the country, and humanity.

President Buhari acknowledged that the former acting Chief of Air Staff served in many strategic positions in the military, and his wealth of experience had been helpful to the country for many years after his retirement.

He prayed that the almighty God would accept the soul of the departed, and comfort his family.

Edited By: Felix Ajide (NAN)

 

 

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Politics

Former Anambra lawmaker commends Buhari for setting up committee against rape

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A former member of Anambra State House of Assembly, Mrs Vivian Okadigbo, has commended President Muhammadu Buhari for setting up a committee to deal with the spate of rape in the country.


Okadigbo, who gave the commendation in an interview with newsmen in Enugu on Monday, said the measure would go a long way in halting the constant abuse of girls and women.

The two-time former lawmaker, who represented Oyi Constituency, noted that women in the country were not happy with the rising rape cases, which were unfortunately becoming a daily occurrence.

She also expressed displeasure that the female folks had not benefitted much from the current democratic system of governance across the country.

She called on the National Assembly to come with a law that would make provision for women inclusion in national politics.

On the politics in Anambra, Okadigbo said that Gov. Willie Obiano had rebranded the state by making it an industrial hub in the South East.

According to her, this has made the state a destination for local and foreign investors.

She noted that the state had recorded unprecedented investment since its present administration came on board in 2014.

Okadigbo also urged the people of the state to observe all precautionary measures stipulated by the Nigeria Centre for Disease Control (NCDC), and Anambra government to avoid contracting COVID-19, as the virus was real.

Edited By: Ifeyinwa Okonkwo/Donald Ugwu (NAN)

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Defence/Security

Sexual Violence: Buhari meets IGP, as Police records 717 rape incidents in 5 months

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President Muhammadu Buhari on Monday met with the Inspector-General of Police, Mohammed Adamu, at the State House, Abuja.


Speaking to State House correspondents after the closed door meeting, Adamu said he updated the president on sexual and gender-based violence across the country and the efforts of the Police towards addressing the menace.

The IGP stated that law enforcement agents have been dealing with all reported rape incidents and gender-based violence in the country.

Adamu disclosed that the Police had recorded about 717 rape incidents across the country between Jan. and May 2020.

He revealed that 799 suspects had so far been arrested, 631 cases conclusively investigated and charged to court while 52 cases are still under investigation.

“It has come to the public knowledge now that because of the COVID-19 restrictions, we have surge in cases of rape and gender-based violence.

“These are cases that are now coming up but we want to let members of the public know that, rape and gender based violence has been there.

“The law enforcement agents have been dealing with these cases, in most cases, members of the public are not aware of the actions that the law enforcement agents have been taking,’’ he said.

Adamu urged all Nigerians to speak up against cases of rape or any form of molestation, as the Force would continue to deal decisively with such cases promptly.

He said: “I will call on every Nigerian that comes across any victim of sexual offences, rape or gender-based violence to quickly report to law enforcement agents because keeping quiet without reporting it, will give room for the perpetrators to continue to commit the offences.

“It is a very wicked offence, it is wicked of an individual to engage in rape or defilement and there are a lot of reasons for that, some are doing it for ritual purposes and some are doing it because  they sit within the family and they see the victims and have the urge to go into it. Such people should not be allowed to go scot free.’’

According to the Police boss, government is going into partnership with all stakeholders within West Africa, to tackle the menace.

“From now onward, national partnership with every stakeholder is what we are going into now and not only within the country but within the sub-region.

“We have to partner with organizations that are involved in this. We know we have been working seriously with United Nations Office on Drugs and Crime and other civil society organizations,” he said.

Edited By: Maharazu Ahmed (NAN)

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