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2020 Budget: FG to Borrow N2.18trillion

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President Muhammadu Buhari
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By Orkula Shaagee, Abuja

Largest Spenders: Works &Housing – N262 billion

Transportaion- N123 billion;UBEC -N112bn;Defence-N100bn;Agric-N83bn;Water-N82bn

NASS Will Pass Budget Before December 31-Lawan

The Federal Government Tuesday, announced plans to borrow a whopping N2.

8trillion to  partly finance the 2020 budget of N10.
33 trillion.

President Muhammadu Buhari who presented the 2020 Appropriation Bill to the joint session of the National Assembly said the deficit includes drawdowns on project-tied loans and the related capital expenditure.

The deficit, Buhari said represents 1.52 percent of estimated GDP, which according to him was  well below the 3 percent threshold set by the Fiscal Responsibility Act of 2007, and in line with the  Economy Recovery and Growth Plan(ERGP) target of 1.96 percent.

 “The deficit will be financed by new foreign and domestic borrowings, Privatization Proceeds, signature bonuses and drawdowns on the loans secured for specific development projects,” the President told his hosts.

He said “Nigeria remained committed to meeting its debt service obligations”, hence the provision of the sum of N2.45 trillion for debt service.

“ Of this amount, 71 percent is to service domestic debt which accounts for about 68 percent of the total debt. The sum of N296 billion is provided for the Sinking Fund to retire maturing bonds issued to local contractors,” he explained.

“ I am confident that our aggressive and re-energised revenue drive will maintain debt-revenue ratio at acceptable and manageable levels. We will also continue to be innovative in our borrowings by using instruments such as Sukuk, Green Bonds and Diaspora Bonds,” he stated.

Largest Sectoral Spenders:

Out of the N10.33 trillion total expenditure for the fiscal year 2020, Buhari announced the largest allocation of N262billion to the Federal Ministry of Works and Housing to underscore his administration’s commitment to improvements in infrastructure.

The ministry of Works and Housing, which  got the highest allocation of N262 billion, was followed by the Transportation ministry with N123 billion, while UBEC placed third with N112 billion. The Defence ministry was allocated N100 billion, while Agriculture got N83 billion.

Other sectoral allocations include:Water Resources-N82 billion; Education – N48 billion; Health-N46 billion; North East Development Commission – N38 billion;  Social Investment Programmes(SIPs) – N30 billion; FCT – N28 billion and the Niger Delta Ministry- N24 billion.

The President  a conservative oil price benchmark of US$57 per barrel,  was adopted as oil price benchmark on the basis of  daily oil production estimate of 2.18 mbpd and an exchange rate of N305 per US Dollar for 2020 fiscal year.

 VAT Increases to 7.5%

The president also formally disclosed government’s proposal to  increase  the nation’s Value Added Tax (VAT) to7.5 % from 5%. The proposal was first made public over a Month ago by the Minister of Finance, Mrs Zainab Ahmed.

 Buhari, said additional revenues will be used to fund health, education and infrastructure. He promised the Federal Government’s continued strict implementation of  Treasury Single Account(TSA) and listed the items exempted from VAT to include pharmaceuticals, some food such as fish, white and brown bread among others.

He reeled out the economic performance of his administration to include significant reduction  in inflation from 18.7 in January 2017 to 11.02 by August 2019.

“We also succeeded in significantly reducing inflation from18.72 per cent in January 2017 to 11.02 per cent by August 2019.

“The receipts from VAT in the last budget year were below expectation,” Buhari said giving reasons such as the last general elections.

Buhari disclosed that expenditure in the 2019 budget was hindered by delay in the budget defence, adding that capital releases commenced in the third quarter.

He, therefore, urged the National Assembly to stop the unnecessary practice of budget delay to enable the 2020 budget come into effect by 1st January 2020.

In his remarks, Senate President, Ahmed Lawan said all MDAs must defend their budget estimates before relevant NASS committees in October, adding that the parliament was committed to passing the budget “before the end of the year.”

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FG Seeks $1bn W’Bank Loans for IDPs, Agriculture.

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By Tony Obiechina, Abuja

Federal Government is in talks with the World Bank to complete the processes of obtaining over $1 billion loans to address the challenges facing Internally Displaced Persons (IDPs) and their host communities as well as boost rural access and agricultural marketing in the country.

The request is contained in World Bank documents entitled, Solutions for the Internally Displaced and Host Communities Project and Rural Access and Agricultural Marketing Project – Scale Up.

While the IDPs loan is put at $500 million, the rural access and agricultural marketing project loan is estimated at $550 million.

Some of the World Bank loans that are being currently addressed by the global bank have reportedly been initiated under the previous administration of President Muhammadu Buhari

According to the documents provided on the bank’s website, the IDP initiative is meant to improve access to resilient and inclusive basic services and economic opportunities for IDPs and their host communities in displacement-affected local government areas in the northern part of the country.

The Solutions for the Internally Displaced and Host Communities Project, estimated for an appraisal date of Feb. 11, 2025 and slated for approval on April 8, 2025, represents a targeted effort to improve the lives of millions affected by internal displacement due to conflict, violence, and climate challenges.

The World Bank said the Federal Ministry of Budget and Economic Planning would act as the borrower for Nigeria, while the National Commission for Refugee Migrants and Internally Displaced Persons and the North East Development Commission are the implementing agencies.

A breakdown of the funding showed that $30 million is proposed to be spent on the project management and support for the implementation of the national policy while $120 million will be expended on community development, income-generating opportunities, and social cohesion.

Also, strategic investments for climate-resilient economic development will gulp $320 million and $30 million on strengthening state and local government institutions for improved service delivery.

The document from the Washington-based bank reads: “The proposed project will utilise a three-pronged approach to develop sustainable solutions for IDPs and host communities in Northern Nigeria.

“First, the proposed project aims to provide tailored solutions for each of the targeted states and communities, recognizing that each internal displacement situation is specific and localised, with conflict, violence and/or climate challenges presenting a different level and set of vulnerabilities for host communities.

“Gender, age, and special needs of individuals also play a role, as well as the length of displacement, number of times displaced and other factors. Thus, responses will be adapted to address the specific needs of vulnerable populations within displacement-affected states and communities. Second, the proposed project will follow a “People-in-Place” approach, integrating the needs of the people and the impacts on the place where they settle.

“Project activities will aim to improve the provision of infrastructure and basic services as well as livelihood opportunities in an integrated way, moving beyond capital investments to supporting operational improvements and sectoral reforms, and fostering income-generating opportunities within host communities.”

According to a review by a World Bank team, Northern Nigeria, especially Borno, Adamawa, and Yobe states experienced the highest numbers of internally displaced persons.

This is primarily due to the ongoing conflict involving Boko Haram, as well as other factors such as banditry and conflicts between farmers and herders, leading to the displacement of over 3.5 million people.

Borno State alone hosts nearly 1.7 million IDPs, which is over a quarter of its total population and almost half of the total IDP population in Northern Nigeria.

The Bank said, “Nigeria is considered an FCV country and has one of the largest and fast-growing populations of internally displaced persons in the world, as a result of conflict and natural events. In Northern Nigeria alone, conflict and violence have led to the displacement of over 3.5 million people.

“Over 65 per cent of IDPs in Northern Nigeria are in the NE region (approximately 2.3 million IDPs as of June 2023) 5 and 95 per cent of them are in Borno, Adamawa and Yobe (the “BAY states”). Borno, which has been the epicentre of fighting involving Boko Haram since 2014, hosts the highest number of IDPs of any state in the North, with nearly 1.7million IDPs, representing over a quarter of the state’s total population and almost half of the total IDPs in the North.”

The bank added that the inflow of IDPs had put additional pressure on already strained and obsolete infrastructure and services in the host communities highlighting that, “In Maiduguri, IDP inflows have put serious pressure on water supply and sanitation infrastructure and services already under strain before 2014.

“Due to the inflow of IDPs, daily solid waste generation increased from an estimated 390 tons to 570 tons per day. Solid waste management in Maiduguri is insufficient, with over 60 per cent of residents lacking access.”

The situation is further compounded by the weakening of poverty reduction efforts due to the conflicts and increasing climate shocks, making Nigeria one of the countries with the largest and fastest-growing IDP populations worldwide.

The World Bank’s intervention through the requested loan aims to mitigate the effects by fostering economic opportunities and improving access to basic services, thus contributing to a more stable and prosperous future for IDPs and their host communities in Nigeria.

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SSANU, NASU Strike Cripple Unical, UniAbuja, UNN, Others

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From Ene Asuquo, CalabarThe seven-day warning strike jointly embarked by Non Academic Staff of Nigeria Universities (NASU) and their counterpart, Senior Staff Association of Nigeria Universities (SSANU) yesterday crippled activities of many universities across the country, leaving students stranded.It was observed that the main gate of the University of Calabar was locked up by the striking workers.Members of NASU Unical branch joined the strike to press demand for the payment of four months arrears of their salaries.The non-academic staff early Monday morning locked the main entrance of the university barring academic staff and students from entering the institution for scheduled examinations and other activities.Some students said they were in their scheduled halls to take the first semester examinations when NASU members stormed the place and chased students away.Daily Asset gathered that a task force set up by NASU to monitor the strike went from one office to office as well as examination hall to ensure total compliance with the action.According to a source, the President of Unical Students Union Government, Comrade Godsgift Kichi-Akwo confronted the task force and queried their right to harass students or disrupt examinations but he was allegedly beaten up by the staff.Piqued by the alleged attack on their president, some students carrying placards stormed the office of the Vice Chancellor, Professor Florence Banku Obi to register their displeasure.Briefing Obi, the SUG president demanded an apology from NASU and told the VC that another member of his exco was also attacked and wounded by the striking workers.The Vice Chancellor directed that the wounded students and the SUG officials be taken to the institution’s medical centre for treatment.Obi who appealed to the students to remain calm and peaceful was intimated that some striking workers were also attacked and wounded by students.In a telephone chat, NASU Chairman, Comrade Victoria Orok alleged that the students attacked the NASU Secretariat on campus and destroyed everything.Orok accused the VC of sending the students to attack and destroy the secretariat.She disclosed that five members of the union were attacked by the students and they were receiving treatment in the institution’s medical centre.  UniAbujaThe situation was not different at the University of Abuja (UniAbuja) as academic activities were temporarily disrupted.The protesting workers blocked the entrance to the university, preventing students and others from going inside.SSANU Branch Chairman Nureden Yusuf, while addressing newsmen said the strike was to protest their four months withheld salaries.According to Yusuf, the unions were on strike to draw the attention of the government to the state of the universities.“You may recall that one of the contentious issues why we went on strike in 2022 was that of the renegotiation of the 2009 agreement.“That agreement ought to be renegotiated every three years and now we are in 2024, that is fourteen years after the last agreement, it is yet to be renegotiated.“Also, we are talking about withheld salaries which President Bola Tinubu in Oct,. 2023 gracefully agreed should be paid to us.“Our counterparts in the Academic Staff Union of Universities (ASUU) had been paid their four months salaries, but we are yet to receive our salaries.“NASU and SSANU are unions of professionals. We oil the wheel of the university system,” he said.According to Yusuf, apart from teaching, there were other activities carried out by SSANU and NASU members in the university system.Yusuf said that the unions would be shutting down all essential services including security units, healthcare services, water supply, transportation unit, electricity.Also, Chairperson of NASU, University of Abuja, branch, Sadiya Hassan said that it was imperative that the Federal Government paid the four months withheld salaries to the unions.According to her, it was discriminatory and unacceptable for NASU and SSANU to be left out in the payment of the four months withheld salaries.“We are professionals in our different fields that we chose to be in the non-teaching sector,” she said.Hassan urged the Federal Government to do the needful for the workers to return to their duty posts.UNN, EnuguAcademic activities were partially paralysed at the University of Nigeria, Nsukka (UNN) and the Enugu campus following. The strike affected some ongoing examinations at both campuses of the university.Students who were taking examinations earlier were allowed to finish while those who started their afternoon papers were chased out of the classrooms.The striking members also closed many offices including Students Affairs and others.Some of the students lamented the negative effects of the strike in their studies.A 400 level student of the Faculty of Environmental Studies, Ijeoma Edeh said the strike, if allowed to go on, would affect her seriously.“Please, the government should pay them, otherwise a prolonged strike will spell doom for some of us,” Edeh said.Another 400 student of Architecture, Favour Obichili appealed to the Federal Government to resolve their grievances and meet demands.SSANU and NASU said the warning strike called by their national Joint Action Committee (JAC) was to protest the Federal Government’s failure to pay their members four months withheld salaries during their strike in 2022.Addressing members during an emergency congress in the UNN, Dr. Linus Akata, Chairman of SSANU-UNN flanked by Comrade Ekene Amu, Chairman of NASU-UNN said the emergency congress was to tell their members about the warning strike declared by JAC.Akata said that the strike would be total and comprehensive in UNN, in total adherence and compliance to the directive of the national leadership.He said that all the administrative offices and essentials service sections of the university were already under lock and key,The union leader warned that the unions would deal decisively with any member found defaulting or sabotaging the seven day warning strike.“Members are directed to go home immediately after this congress and stay away from work until the seven-day warning strike ends, as any defaulting member will be decisively dealt with.“This warning strike is total and comprehensive as the administrative block of the UNN, offices, works department, University Medical Centre, University Primary School and among others have been shut down till the end of the strike.“There will be no water and electricity supply from the university hostels, also internet facilities from the university have been shut down for the period as we have directed our members working in these places to go home,” he said.Akata said that the unions had no apology over the seven-day warning strike as their national leadership had done everything necessary to avert the strike by appealing to the government to do the needful.“SSANU and NASU have written so many letters to the government, held several press conferences, led delegations to government officials in a bid to resolve the issue but all to no avail.“So, at the end of this warning strike, if the government did not meet our demand we will also take a directive from our national body on the next line of action,” he said.Akata urged members to go home and relax till the end of the strike but should report any threat or query for not coming to work from management, head of department or faculty to the union. Zaria, Yola VarsitiesThe industrial grounded academic activities at the Ahmadu Bello University, Zaria.Theatres, lecture halls, libraries and laboratories were under lock and key at Samaru and Kongo campuses of the university.Power supply and internet services had been off as many slated computer based tests were cancelled at the university.Chairman of SSANU, ABU Chapter, Mohammed Yunusa said the union complied with industrial action in the university.He said that workers at the Works, Registry and Student Affairs and Bursary Departments had downed tools, adding that it achieved 90 percent compliance.The chairman said that members of the union would hold a peaceful protest and a press conference on Tuesday.“We are the Senior Staff Association of Nigerian Universities; we are the custodians of the university’s rules, we are law abiding citizens and we know what it takes to have a peaceful warning strike.“We have gotten to a point where we cannot sit and watch things as these events are unfolding now. The university system is being run with contributions from all major stakeholders.“Therefore, it is very unfair for the federal government to say one stakeholder is more important than the other,” he said.Similarly, the strike paralysed academic activities at the Modibbo Adama University (MAU), Yola.Michael Omokoro said the shutdown would affect water supply, electricity, internet and all other services rendered by members of the association.“Basically it is about our four months withheld salaries, the 35 per cent wage increment, the N35,000 palliative that stopped in January, the reconstitution of Governing Councils, etc.“During the seven days, there will be no light, water supply, clinic, ICT and all other services because we have withdrawn our members,” Omokoro said. NLC calls for Immediate PaymentIn its reaction, the Nigeria Labour Congress (NLC) has called for the immediate payment of the withheld salaries of NASU and SSANU members.NLC President Joe Ajaero urged the Federal Government to pay the four months outstanding salaries to avoid drift in the academic sector.In a statement issued in Abuja on Monday, the NLC President said at a time confidence was being restored to the public universities, the worst thing the government could do is to engineer another strike.While ASUU was paid the withheld salaries in full, NASU and SSANU were allegedly denied the full payment.Ajaero said, “There has been no credible reason or explanation for withholding those salaries in the first place.“We recall this singular act plunged the members into indescribable hardship.“Much worse, it defies logic to try to subject members of these unions to discriminatory treatment.“By doing so, the government is clearly courting avoidable industrial disputes,” he said.The NLC President stressed that the effects of the strike on the parties would be unacceptably high, especially for students and parents.He, therefore, urged the government to expeditiously pay up the outstandings salaries“We advise the government not to take for granted the maturity of these unions,” he said.

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15 Passengers Missing after Bus Attack in Taraba

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From Dorcas Manasseh, Jalingo

Fifteen persons including women and children are reported missing as armed men suspected to be vigilante personnel attacked an 18-seater bus conveying passengers from Zaki/Biam in Benue State to Maihula in Bali Local Government Area of Taraba State on Tuesday.

It was said that the attack happened at Gankwe village along the Donga Mararaban-Baissa road in Donga Local Government Area of the state.

The driver of the bus, Mr.

Mpuuga Mbaave who escaped narrated the incident to journalists on phone saying that the armed men in vigilante uniform attacked his bus.

“I picked 18 passengers from Zaki/Biam in Benue State heading to Maihula in Taraba State.

On our way, close to Mararaba, Isaw many people in vigilante uniform. I suspected something was wrong, so I parked the vehicle.

“One of the villagers who was passing by told me that I should proceed. According to him, two members of the vigilante personnel were killed by kidnappers and the vigilante came to carry their corpse.

“As I moved closer, some of the vigilante personnel started shouting, ‘kill all of them! kill all of them! They’re their people [Tiv] that killed our members’, and they attacked the passengers and cutting them with machetes.

“They ordered the passengers out of the bus, forced them to lie facedown.

“I refused to hop down but when I discovered that it was getting out of hand, I jumpped out of the bus and ran away.

“My conductor too followed me. They came after us with machetes but we ran for our dear lives,” the driver narrated.

The chairman of the local council, Ezra Voka confirmed the development.

Speaking to journalists on phone, he said that he was out in the nearby forest searching for the missing people.

“Please my friend, I’m already in the bush in search of the missing people, we cannot talk much now till when I get more information from here,” he said.

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