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2022 Budget: President Buhari Set To Present Appropriation Bill Before NASS

Electronic Transmission of Results

President Muhammadu Buhari is set to appear before a joint session of the National Assembly (NASS) on Thursday, October 7, 2021, where he will present the 2022 budget. This follows a letter presented to the Senate by the president which was read by the Deputy Senate President, Ovie Omo-Agege.

President Buhari had earlier submitted the revised 2022-2024 Medium Term Fiscal Framework to the Committee on Finance for legislative input. In his letter, PMB explained why the revision was necessary in order to include all the new fiscal terms in the Petroleum Industry Act, 2021, as well as other critical expenditures in the 2022 budget.

According to him;

“The PIA established a progressive fiscal framework aimed at encouraging investment in the Nigerian Petroleum Industry. This significantly alters the Oil and Gas fiscal terms and has necessitated changes in the 2022-2024 Medium Term Fiscal Framework.

“The fiscal effects of PIA implementation are assumed to kick in by mid-year 2022. The revised 2022-2024 Fiscal Framework is premised on hybrid of January-June (based on current fiscal regime) and July-December (based on PIA fiscal regime), while 2023 and 2024 are now fully based on the PIA.”

The areas where these changes reflect include a reduction of Gross Revenue projection by N341.57 billion (from N8.870 trillion to N8.528 trillion); decreased deductions for federally funded upstream projects costs and 13 percent derivation by N335.3 billion and N810.25 million respectively; and Net Oil and Gas revenue projection declined by N5.42 billion from N6.540 trillion to N6.535 trillion.

To cover the deficit, revenues are expected to be generated to do so. N837.76 billion will be generated from an increase in revenue of Government-Owned Enterprises; N697.6 billion from MDAs Internally Generated Revenue; the introduction of Education Tax of N306 billion and Dividend of N8.3 billion from the Bank of Industry as revenue lines; and FGN share of oil price royalty of N96.9 billion which is expected to be transferred to the Nigerian Sovereignty Investment Authority based on the provisions of the PIA.

The Deputy Senate President, after reading the President’s letter referred same to the Committee on Finance.

The Committee which is Chaired by Senator Solomon Olamilekan Adeola was mandated to report back tomorrow, Wednesday, October 6, 2021.

“You will have to report back to us latest tomorrow (Wednesday), to enable us to use it as a predicate for the budget presentation on Thursday.”

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INEC declares incumbent Oyebanji winner of Ekiti State governorship election

The Independent National Electoral Commission (INEC) on Sunday, June 19th, declared the candidate of the All Progressives Congress (APC), Governor Biodun Oyebanji, as the winner of the governorship election held in Ekiti State on Saturday

According to Adenike Oladiji, INEC’s Chief Returning Officer and Vice-Chancellor, Federal University of Technology, Akure, Oyebanji polled a total of 319,224 votes from the 16 local government areas of the State to emerge the winner of the Ekiti governorship election for a second term.

Oyebanji defeated his closest rival, the Peoples Democratic Party (PDP) candidate, Wole Oluyede, who scored 40,543 votes.

Oladiji announced the result on Sunday in Ado-Ekiti, adding that Oyebanji satisfied all the requirements in the election and was declared elected.

Reacting, Ekiti State Governor Biodun Oyebanji said his re-election for a second term is a renewed call to serve.​

The governor, who spoke shortly after he was declared the winner of Saturday’s governorship election, thanked the people of the state for trusting his administration, adding that winning the election means he now has even greater responsibilities.

Oyebanji said he understands the expectations that come with his new mandate and assured residents that his administration will stay committed to good governance and the welfare of the people.

He said, “I have a proper understanding of the responsibility that this victory has placed on my shoulders. It is a responsibility of service, service to the people of Ekiti State.

“I want to assure our people that we will continue to serve them with courage, compassion, humility and the fear of God.”

Regarding his plans for a second term, Oyebanji said his administration would continue implementing the state’s development agenda.

We have a development guide, and we will continue to faithfully implement that plan. At the same time, if there are new issues or areas that require attention, we will review them and ensure they are accommodated. Our focus remains the comprehensive implementation of our development agenda for the benefit of all Ekiti people.”

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I was sacked as APC national chairman via zoom – Adams Oshiomhole

Adams Oshiomhole has revealed that he was removed as APC national chairman through a Zoom-held NEC meeting, claiming court actions and internal party politics were used to force him out after leading the party to electoral victories.

Speaking during an interview on AIT, the senator representing Edo North said his exit from the party’s top position came after he had helped stabilize the APC and contributed significantly to the party’s electoral successes.

Oshiomhole, who served as APC national chairman from 2018 until his removal in June 2020, said he played a major role in helping the party secure victory in the 2019 general elections under then-President Muhammadu Buhari.

“I led my party to victory under Buhari. With my colleague in the National Working Committee, NWC, we were able to fix the leadership tussle of the National Assembly, both the Senate and the House Representatives effortlessly,” he said.

“Our president didn’t have to run around the country to talk to people. We did the marketing, explanation, persuasion and all the tools available to manage democracy.”

The former Edo State governor said events took a different turn after the party became more stable, alleging that efforts were made to remove him from office.

“Once the system got stabilized, I was sacked through a Zoom, and when people couldn’t get me removed democratically, they claimed that eight members of my Ward signed a petition that they passed a vote of no confidence on me.

“And on that basis they took the matter to the court, which granted their interim order. I appealed the order. The Court of Appeal quashed it. Three weeks later, the Court of Appeal called us back and restated the order. A few days later, I saw for the first time a National Executive Council, NEC, held by Zoom in the villa,” he said.

Oshiomhole’s removal as APC chairman followed a prolonged internal crisis within the ruling party. At the time, the party’s National Executive Committee dissolved the National Working Committee and approved the formation of a Caretaker/Extraordinary Convention Planning Committee to oversee party affairs.

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Court orders INEC to deregister ADC, four other political parties

A Federal High Court sitting in Abuja has ordered the Independent National Electoral Commission (INEC) to deregister the African Democratic Congress (ADC) and four other political parties over their poor electoral performance.

The affected parties are the Action Peoples Party (APP), Action Alliance (AA), Accord Party (AP), Zenith Labour Party (ZLP), and the ADC.

The ruling followed a suit filed by a group of former lawmakers who asked the court to determine whether INEC is constitutionally obligated to remove political parties that fail to meet the requirements outlined in Section 225A of the 1999 Constitution (as amended).

According to the plaintiffs, the five parties failed to satisfy the constitutional conditions required to retain their registration. These include securing at least 25 per cent of votes in a state during a presidential election, winning a seat in the National Assembly, a state House of Assembly, a local government chairmanship position, or a councillorship seat.

The group argued that the parties failed to meet these benchmarks during the 2023 general election and in subsequent by-elections conducted by INEC.

They further contended that allowing political parties with little or no electoral support to remain on the register undermines the integrity of Nigeria’s electoral system and goes against constitutional provisions.

The plaintiffs urged the court to compel INEC to deregister the parties before preparations for the 2027 general election gather pace.

They also sought an order restraining the affected parties from taking part in elections, conducting party primaries, organising political rallies, or carrying out other political activities pending compliance with constitutional requirements.

Delivering judgment, Justice Peter Lifu agreed with the arguments presented by the plaintiffs and ordered INEC to deregister the five political parties.

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