HomeNEWSWatch SignatureTV News Update : President Buhari Presents N16 39trn Budget For 2022

Watch SignatureTV News Update : President Buhari Presents N16 39trn Budget For 2022

President Buhari Presents N16.39trn Budget For 2022

President Muhammadu Buhari on Thursday presented a total budget of N16.39 trillion for the year 2022 to the National Assembly.

The Senate President, Ahmed Lawan, said the National Assembly is committed to passing the budget before the end of the year.

Speaking at the assembly chambers, the President tagged the appropriation bill, a Budget of Economic Growth and Sustainability.

He said the budget will focus on diversifying the economy, with robust Micro, Small and Medium Enterprises growth; investing in critical infrastructure; strengthening security and ensuring good governance; enabling a vibrant, educated and healthy populace; reducing poverty; and minimizing regional, economic and social disparities. #

 

 

Osinbajo Off To London For UN Meetings On Energy Transition

Vice President Yemi Osinbajo has left Abuja for London, the United Kingdom where he is billed to represent President Muhammadu Buhari at a United Nations High-Level event on the Energy Transition in Africa agenda with a special focus on Nigeria.

His spokesman, Laolu Akande, in a statement issued on Thursday, said the Vice President will be accompanied by the Minister of State for Environment, Mrs Sharon Ikeazor and the Special Adviser to the President on Economic Matters, Dr Adeyemi Dipeolu, among others.

Akande said the event, holding on Friday at the Imperial College, will feature meetings organised by UN-Energy ahead of the UN Climate Conference COP26 which would be hosted by the United Kingdom in Glasgow, Scotland.

He said Prof. Osinbajo will also hold talks with the President-Designate of COP26, Mr Alok Sharma, a cabinet rank UK Minister and the Chair of the UK Government’s COP26 Energy Transition Council (ETC)

He said the Vice President will also deliver an address at the Imperial College London, where he is billed to interact with the academic community on the global energy transition and Nigeria’s position on a just transition.

The vice president is expected back in the country on Sunday 10th October 2021.#

 

Buhari Not In Support Of State Of Emergency In Anambra – Obiano

Anambra State Governor, Willie Obiano has said that President Muhammadu Buhari is not in support of the proposed state of emergency in the state.

Obiano stated this on Thursday after a short meeting with the President at the villa in Abuja.

According to the governor, President Buhari does not want any form of intimidation ahead of the polls.

Governor Obiano who further stated that he has reported the Attorney General of the Federation, Abubakar Malami to Buhari, described as, unfortunate, the comments suggesting that the State of Emergency could be imposed on Anambra to engender security of lives.

The governor, while expressing his displeasure at the fact that Malami did not make such an assertion regarding the crisis brewing in other northern states, advised the justice minister to reserve his expressions over such issues.

The governor also rejected assertions that members of the ruling All Progressive Grand Alliance (APGA) in the state House of Assembly had defected to the All Progressive Congress (APC), explaining that the members were given a hundred million each to join the opposition. #

Go After Criminal Elements In Imo State, Uzodinma Charges Troops

Imo State Governor, Senator Hope Uzodinma has called on the Nigerian Army to target criminal elements in the state and ensure they are brought to justice.

Governor Uzodinma stated this while flagging off exercise ‘Golden Dawn’ At 34 Artillery Brigade Forward Operation Base at Orlu, Imo State on Wednesday.

The governor noted that the Army, its sister services and other security agencies must continue to consolidate on the gains so far made in curbing the activities of criminals who are hell-bent on causing pain and hardship on the people.

He assured that the state will continue to support the Army, sister services and other security agencies who strive to ensure that there is peace in Imo.

Uzodinma commended the Chief of Army Staff Lt Gen Faruk Yahaya, the Commander 34 Artillery Brigade and his officers and soldiers for their sacrifices in ensuring a peaceful Imo.

Earlier in his welcome address, the Commander 34 Artillery Brigade, Brigadier General Raymond Utsaha explained that the ‘Golden Dawn’ is a Nigerian Army exercise aimed at emplacing measures to curb the activities of criminal elements during and after the Yuletide season to guarantee public safety and continuity of socio-economic activities. #

 

Court sentences Maina’s son, Faisal, to 14 years imprisonment

The Federal High Court sitting in Abuja, on Thursday, convicted and sentenced the son of former Chairman of the defunct Pension Reform Taskforce Team, Abdulrasheed Maina, Faisal, to 14 years imprisonment.

The Court, in a judgement delivered by trial Justice Okon Abang, found Faisal guilty on a three-count money laundering charge instituted by the Economic and Financial Crimes Commission, EFCC.

It held that the anti-graft agency successfully established that Faisal, operated a fictitious bank account with the United Bank for Africa, UBA, through which his father, Maina, laundered the sum of N58.1million.

The court noted that the said fund which was deposited into the account that was operated in the name of Alhaji Faisal Farm 2, was sequentially withdrawn by Defendant and his father, between October 2013 and June 2019.

Justice Abang said he was satisfied that the EFCC proved all the essential ingredients of the charge, stressing that Defendant reasonably ought to have known that inflows into the bank account formed proceeds of an unlawful act of corruption by his father.

While the court sentenced the Defendant to 5 years in counts 1 and 3 of the charge, he was sentenced to 14 years on counts 2 of the charge. #

 

Accommodate CONHESS adjustment in N80bn salary budget, JOHESU urges FG

THE Joint Health Sector Unions and Assembly of Healthcare Professional Associations have asked the Federal Government to ensure that whatever sum was approved for adjustment of the Consolidated Health Salary Structure was accommodated in the N80 billion budget proposal for salary adjustment of the Federal Ministry of Health.

The unions made the demand at a meeting of its national leadership with the government team led by the Minister of Labour and Employment, Chris Ngige, in Abuja on Wednesday.

The unions in a communique issued after the meeting welcomed the constitution of a seven-man technical team comprising two representatives of JOHESU, and one representative each of the National Salaries Income and Wages Commission, Budget Office, Federal Ministry of Labour and Employment, Federal Ministry of Health, Head of Civil Service of the Federation, Integrated Personnel and Payroll Information System. #

 

IN BUSINESS

2022 budget: Expect more borrowing to finance N6.258tr deficit, says FG

Despite outcry and protests against President Buhari’s administration penchant for frequent borrowing, the Federal Government hinted at its plan to borrow more to finance the N6.258 trillion deficits in the proposed 2022 budget.

This was disclosed after the Federal Executive Council (FEC) approved N16.39 trillion for the 2022 Appropriation Bill.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, who briefed newsmen, stated that the administration would continue to borrow to fund infrastructure projects as the government does not get much from its revenue sources.

Justifying the government’s position, Ahmed said Nigeria’s revenue could barely accommodate services, noting that despite the concerns, its borrowings are still within acceptable limits as the total money borrowed as of July 22 was 23 per cent of the Gross Domestic Product (GDP). #

 

ON THE FOREIGN SCENE

500 Nigerians lose jobs as UAE declines renewal of work visas

Over 500 Nigerians have lost their jobs and are stranded four months after the United Arab Emirates stopped granting or renewing Direct Employment Visa for Nigerians in the Western Asian country.

It was gathered that while many of the affected persons had returned to Nigeria, hundreds of them are still in UAE in the hope that Abu Dhabi would reverse the decision.

The UAE Ambassador to Nigeria, Dr Fahad AI Taffaq, had said there was no official communication on the issuance of work permits for Nigerians living and working in his country.

A Dubai-based activist, Oluwatosin Fadoju observed that UAE was using the policy as a punishment against Nigeria, stressing that the Federal Government was not doing enough to resolve the issue.

The spokesperson, Ministry of Foreign Affairs, Mrs Esther Sunsuwa, said, the ministry is unaware of the development but will get in touch with its two offices in Abu Dhabi and Dubai to verify the story. #

 

 

IN SPORTS

Rohr may drop Okoye as Eagles set to maintain perfect record

Super eagle’s manager Gernot Rohr says eagle’s goalkeeper Maduka Okoye may not be in goal today in their clash with the Central African Republic, CAR in a Qatar 2022 World Cup qualifier.

Goalkeeper Maduka Okoye, in recent matches, has been Super Eagles’ first-choice shot-stopper.

The match at the Teslim Balogun Stadium, Lagos, is the first of a two-leg encounter with CAR as African teams battle for five slots in the 2022 World Cup train.

Maduka, who plays in Holland for Sparta Rotterdam, arrived in camp only yesterday to the chagrin of Coach Gernot Rohr, who expected all his players to be in Lagos latest on Tuesday morning.

On hand to step into Okoye’s gloves are Francis Uzoho, who was Nigeria’s number one at the Russia 2018 World Cup and Daniel Akpeyi, who was the first choice at the Egypt 2019 African Cup of Nations.

Okoye has only trained twice with his teammates, a situation, which could cost him his place, Rohr hinted. #

 

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