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DG Lists Paths for Effective Budget System

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The Director-General of the Budget Office of the Federation, Mr Tanimu Yakubu, has underscored the need for continuous training in the use of the GIFMIS/BPS system for efficiency.

Report says that GIFMID/BPS is Government Integrated Financial Management Information System Budget Preparation Sub-System.

Yakubu emphasised this on Monday in Lagos at the training of officials of various Ministries, Departments and Agencies (MDAs) on the 2025 budge preparation using GIFMIS/BPS.

Yakubu, who was represented by Mrs Funmi Lasekan, Director of Economic Expenditure, Budget Office of the Federation, said that this system remained crucial for ensuring a well structured budget.

According to him, the training is part of the government’s ongoing efforts to address the fiscal challenges faced by the country and improve budget efficiency.

He said that the quality of the national budget was key to meeting the expectations of the Nigerian people.

“As we prepare the 2025 budget, it is essential that MDAs stay true to their mandates and ensure that their budget proposals are coherent, purposeful and aligned with the government’s vision for security and development,” he said.

The director-general reiterated that President Bola Ahmed Tinubu’s administration remained committed to overcoming the current fiscal challenges, including insecurity, limited resources, and global economic pressures.

He noted that the budget preparation process would play a significant role in fostering capital accumulation, meeting investor expectations and empowering citizens through strategic resource allocation.

He also highlighted the importance of collaboration among MDAs to align their policies and programmes with the government’s Renewed Hope Agenda and National Development Plan.

This synergy, Yakubu said, was necessary to mobilise resources effectively, enhance infrastructure, and boost economic growth.

He, therefore, urged participants to engage fully in the training for the tools needed to navigate the budget process efficiently, avoid errors, ensure transparency and accountability in the use of government resources.

“The GIFMIS Budget Preparation Subsystem is designed to eliminate bottlenecks and promote accountability, and I encourage all MDAs to take full advantage of this system as they prepare their respective budgets,” the DG added.

Also, Mr Alfred Okoh, Technical Adviser to the Director General, Budget Office of the Federation, said that in spite of several headwinds, the Nigerian economy posted positives, though lower-than-expected, growth for the 14th consecutive quarter.

Okoh said that the Real Gross Domestic Product (GDP) grew by 3.19 per cent year-on-year in second quarter of 2024, up from 2.98 per cent in first quarter same year.

According to him, this is higher than the 2.51 per cent recorded in second quarter of 2023.

He explained that growth in second quarter of the year was driven mainly by the Services sector, which grew by 3.79 per cent and contributed 58.76 per cent to aggregate GDP.

However, this sector’s contribution contracted by 0.63 per cent compared to the corresponding period of 2023.

This, he added, reflected a surge in the Industrial sector’s growth to 3.53 per cent in second quarter 2024 from -1.94 per cent in second quarter 2023.

Okoh noted that non-oil sector grew by 2.8 per cent in second quarter of 2024, slightly lower than the 3.58 per cent growth recorded in second quarter of 2023 (NAN)

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Ododo Clears N98.8 Billion Debt, Tasks Officials On Grassroots Engagement, Local Patronage

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From Joseph Amedu, Lokoja

Governor Ahmed Usman Ododo has charged government officials to remain close to the grassroots and ensure constant engagement with the people, noting that such connection is key to responsive governance. Ododo gave the charge during the State Executive Council Meeting held in Lokoja on Monday.

“We are in government to serve the people, and that means staying connected to their needs and aspirations,” the Governor said.
As part of efforts to boost the local economy, the Governor also directed all government officials to wear Made-in-Kogi fabrics as a show of support for indigenous industries. He encouraged Kogites to take pride in local products and lead a cultural and economic renaissance from within.
Also Briefing journalists after the meeting, the Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, said the administration is committed to making governance more visible and impactful. “Governor Ododo is driving a government that listens, learns, and leads from the grassroots. His directive on Made-in-Kogi fabrics is a strategic move to grow our economy and export our identity,” Fanwo said. On infrastructure, Fanwo disclosed that perimeter fencing at the Confluence University of Science and Technology (CUSTECH), Osara is 90% completed, while both male and female hostels have been completed and are already housing students. Similar projects at the Kogi State University, Kabba, are progressing satisfactorily. To improve public safety, the Council also approved a bill to restrict the movement of heavy trucks during peak hours. Another bill was approved for the establishment of the Kogi State Agency for Climate Change as part of a forward-thinking response to global environmental challenges. In a separate briefing, the Commissioner for Finance, Budget and Economic Planning, Mukadam Asiwaju Asiru Idris, announced that the Ododo administration has fully liquidated N98.8 billion in debts inherited from previous administrations within just 15 months. The breakdown includes,N8 billion in bonds from the Idris Wada administration,N50.8 billion salary bailout from the last administration,N10 billion ECA-backed infrastructure loan,N15 billion infrastructure loans from Zenith Bank and another N15 billion from UBA Plc.“This is a landmark achievement. His Excellency Governor Ododo has demonstrated fiscal discipline and commitment to economic recovery. Within 15 months, we have cleared N98.8 billion in inherited debt,” Idris said.He added that Fitch Ratings has upgraded Kogi State’s credit rating from ‘B-’ to ‘B’, with a stable outlook, citing prudent financial management. As of September 30, 2024, the state’s debt profile stands at N40.5 billion, placing it on a strong path to debt sustainability.

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France to Partially Ban Smoking in Public Areas to Protect Children

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 France is to ban smoking in public outdoor spaces, including beaches, parks, school zones, bus stops and sports facilities starting July 1 as part of a nationwide effort to protect children.

Health Minister Catherine Vautrin said where there are children, tobacco must disappear.

She added that plans  to lower the nicotine content in vaping products and reduce the number of flavours available.

“Anyone who violates the new smoking ban will have to pay a fine of 135 euros (153 U.

S. dollars).

“The regulation is to be monitored by the municipal police.

“My goal is both simple and deeply ambitious: to ensure that children born in 2025 become the first smoke-free generation,” the minister said.

The new nationwide smoking restrictions, many of which were already in place at the local level, are designed to support that vision, she said.

However, outdoor seating at cafés and the use of e-cigarettes is exempted from the ban, but young people should no longer smoke outside schools.

The minister said that the size of the area around schools where smoking would no longer be permitted in future was still being determined.

The regulation should also prevent pupils from going outside the building to smoke.

In 2023, 15.6 per cent of 17-year-olds said they smoked, compared to twice as many 10 years earlier.

Smoking remains the leading preventable cause of death in France, responsible for 75,000 deaths annually or more than 200 per day, the health minister added.

Vautrin noted that it has been proven that prevention reduces the risk.

She also noted the economic toll, with cancer costing the country 150 billion euros per year.

Vautrin emphasised that the right to smoke is not being abolished.

“People are free to smoke at home or in designated areas. But that freedom ends where a child’s right to clean air begins.” (dpa/NAN)

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Tinubu Repositioning Nigeria for Sustainable Growth – Gov. Yahaya

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Gov. Yahaya of Gombe State has lauded President Bola Tinubu for the implementation of viable social and economic reforms geared towards repositioning Nigeria for sustainable development.

The governor felicitated with the President and his deputy, Vice President Kashim Shettima on the occasion of their second anniversary in office.

Yahaya, in a goodwill message by his media aide, Mr Ismaila Uba-Misilli, said Tinubu’s bold reforms would reposition Nigeria on the path of sustainable growth.

He described Tinubu’s two years in office as those of courage, bold reforms, and purposeful governance under its Renewed Hope Agenda.

“President Tinubu has taken decisive steps to reposition Nigeria on the path of sustainable growth,” he said.

Yahaya said that Tinubu had initiated viable infrastructure development projects such as the Lagos – Calabar Coastal Highway and the Sokoto-Badagry Road, as landmark efforts to bridge developmental gaps and stimulate the economy.

According to Yahaya, these projects, along with other strategic interventions in energy, agriculture, transportation, and the digital economy, are gradually laying the foundation for a more prosperous and resilient Nigeria.

He acknowledged Tinubu administration’s renewed drive to tackle security challenges, describing the intensified campaign against insurgency, banditry and criminality as “commendable.”

Yahaya, who is also the Chairman, Northern Governors’ Forum (NGF), also applauded the president’s inclusive and consultative leadership style, fostering national unity and renewed confidence in governance.

“The Northern region is already feeling the ripple effects of Tinubu’s policies through the improved Federal Government collaborations, increased access to social investments, and targeted empowerment programmes for youths, women and vulnerable groups.”

He further prayed for continued divine guidance, good health and greater wisdom for Tinubu as he steers the nation toward peace, equity and development. (NAN)

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