NEWS
FCTA Pulls out of Treasury Single Account – Wike
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, s on Friday said that President Bola Tinubu has approved the pulling out of FCT Administration from the Treasury Single Account (TSA).
Wike, who disclosed this while briefing journalists in Abuja, said that the development would take Abuja capital city to where it was supposed to be.
He lamented that FCT was littered with prokects, adding that the projects were being awarded without the requisite financial backing.
Wike said that part of the problem was the inclusion of FCTA into the TSA, however describing it as a tool that unifies all government accounts in the Central Bank of Nigeria (CBN) for effective management of finances and cash position.
This, according to him, is not necessary for FCT Administration because it is not a revenue collecting agency for the Federal Government.
“Take for example, so many projects were awarded in 2002, 2007, and 2010 and up to now they have not been completed.
“You can imagine a project that was awarded in 2010, this is 21 years. Imagine what they will cost now,” Woke said.
The minister added that the utilisation of Internally Generated Revenue (IGR) was another problem, decrying that the FCTA IGR was spending funds as they came.
This, he said, could not tangibly be of any benefit to the administration.
“So, I went to Tinubu and said, Mr president, if you want FCT to carry out development projects and infrastructure among others, then they must come out from TSA.
“What is the essence of TSA; blocking of leakages and the rest, FCTA is not a revenue collection agency for the federal government so what are you blocking?
“If I need money for projects, I cannot go to the CBN and say give us money, CBN will not give us money.
“I can go to a commercial bank but how do we pay? I say the best bet is that we must pull out,” Woke said.
The minister explained that, if FCTA was out of TSA, it could approach a commercial bank, collect loan, and tie it to its IGR.
He said, “Assuming I want to collect N400 billion from the bank, I can say our IGR is about N20 billion a month, can you take N10 billion every month and in a year, we have paid N120 billion.
“That is the only way we can survive it and Mr President graciously agreed with us and approved that we should pull out from the treasury single account.”
Wike assured the residents of FCT that with this development, myriad of projects would spring up from next year in FCT.
He thanked Tinubu for his foresight, adding, “with this development, insecurity in the FCT will soon be a thing of the past.”(NAN
NEWS
Abia LG Polls: ZLP Wins 15 Chairmanship Seats, YPP
The Zenith Labour Party (ZLP) has clinched 15 Chairmanship seats in Saturday’s Local Government Elections in Abia, while the Young Progressives Party (YPP) won two seats.The Chairman of the Abia State Independent Electoral Commission (ABSIEC), Prof George Chima, announced the result of the chairmanship poll at thecommission’s headquarters in Umuahia.
Chima said: “We have carried out the duty we were inaugurated on September 5 to undertake. “It was not an easy task, but we went out on our way to create awareness about the elections across the state. “It must be noted that, in recent times, this commission has not conducted an election where over 12 political parties took part, this on its own is a plus to the commission.”The ABSIEC boss said that the chairmanship and councillorship polls took place in the 17 Local Government Areas (LGAs).He described the exercise as “free fair and credible”.He said that the elections were a demonstration of the commission’s dedication, focus and efficiency.Chima expressed joy that the commission successfully completed, in just two months, a task that typically required six to 12 months of effort.“I congratulate the winners and the losers too, because in any election there must be winners and losers.“The most important thing is that Abia has been peaceful and I want the peace to continue.“I appreciate the security agencies for their support, political parties for playing the game according to the rule,” Chima said.Report says that ZLP won in Isiala Ngwa South, Isiala Ngwa North, Umuahia North, Umuahia South, Ukwa East, Ukwa West, Obingwa, Aba North, Aba South, Isuikwuato, Umunneochi, Arochukwu, Bende, and Ohafia LGAs.The remaining two LGAs of Osisioma and Ugwunagbo were won by YPP. (NAN)Foreign News
Trump, Harris Make their Final Campaign Rounds, Millions Vote Early
Democratic presidential candidate Kamala Harris appeared on the “Saturday Night Live” TV comedy show on Saturday, adding a surprise jolt to the U.S presidential election ust three days before her with showdown with Republican Donald Trump.“Keep Calm-ala and carry on-ala,” Harris said in unison with the actor who plays her on the show, Maya Rudolph.
It was Harris’ first time on the show, which has had other presidential candidates over its decades-long run. Trump appeared during his first presidential bid in 2015, where he poked fun at his tendency to exaggerate and steer clear of policy specifics.He also appeared in 2004, long before he entered politics.A Trump aide said he didn’t know if he had been invited to appear this year.Earlier on Saturday, Harris and Trump’s planes shared the tarmac in Charlotte, North Carolina, as the two candidates held dueling events in the southern state, one of a handful that will determine the outcome of Tuesday’s election.It was the fourth day in a row that the candidates campaigned in the same state.Only seven states are seen as truly competitive, but poll released on Saturday showed Harris holding a surprise lead in Iowa, a state Trump won easily in the last two elections.Trump and Harris stuck to familiar themes at their appearances.Trump said he would deport millions of immigrants if elected and warned that if Harris wins, “Every town in America would be turned into a squalid, dangerous refugee camp.”Campaigning in Atlanta, Harris said Trump would abuse his power if he returned to the White House.“This is someone who is increasingly unstable, obsessed with revenge, consumed with grievance, and the man is out for unchecked power,” she said.More than 75 million Americans have already cast ballots, according to the Election Lab at the University of Florida, in a sign of voter enthusiasm.In North Carolina, the western counties that were devastated by Hurricane Helene appeared to be voting at roughly the same rate as the rest of the state, according to Catawba College political science professor Michael Bitzer.At a later rally in Salem, Virginia, Trump said he ran for office to rescue the economy from “obliteration” even though it would have been easier to relax at one of his oceanfront resorts.“I didn’t need to be here today,” he said. “I could have been standing on that beach, my beautiful white skin getting nice and being smacked, being smacked in the face by a wave loaded up with salt water.”Trump was joined on stage by women from a local college swim team who have objected to competing against transgender athletes.Some of Trump’s TV ads have sought to capitalise on transgender controversies.Meanwhile, Kamala Harris has surpassed Donald Trump in a new poll in Iowa, according to the Des Moines Register/Mediacom Iowa Poll released on Saturday.Women voters are likely responsible for the turnaround in a state that Trump easily won in 2016 and 2020.The poll of 808 likely voters, who were surveyed Oct. 28-31, has Harris leading Trump 47%-44% in Iowa, which has been trending deeply Republican in recent years.It is within the 3.4 percentage point margin of error, but it marked a turnaround from a September Iowa Poll that had Trump with a 4-point lead, the newspaper reported.“The poll shows that women — particularly those who are older or who are politically independent — are driving the late shift toward Harris,” the Register said.Trump senior adviser Jason Miller said the Iowa poll was “idiotic” and an outlier that has no credibility. (Reuters/NAN)NEWS
Katsina Scrap Dealers Launch Task Force to Combat Vandals
The Katsina State chapter of the National Association of Scrap and Waste Dealers, Employers of Nigeria, has inaugurated a 200-member task force committee to tackle vandals hiding under their umbrella.
Report says that during the inauguration in Katsina on Saturday, the association also launched its newly elected executive members in the state.
Alhaji Aminu Hassan-Soja, the North Regional President of the association, said the aim of the committee was to curtail vandalism in the state.
Hassan-Soja said: “There is no doubt, vandalism has now become a serious threat to the nation, and Katsina in particular, and accusing fingers are pointing at our members.
“To show the world that we are not vandals, criminals or thieves, but we are doing our legal businesses, that’s why we inaugurated this task force committee.
“The aim is to complement the efforts of government in tackling the activities of vandals in the nation, this is the focus of the committee.
“Our business is about buying and selling metals. I can confidently say that this business is contributing so much to the country’s economy, apart from reducing unemployment.”
He also revealed that scrap and waste dealers also clean the environment, and control the country’s economy through the supply of raw materials to over 70 per cent of Nigerian companies.
“Some of the companies we supply with the raw materials include steel, plastic, and also roofing sheets, where we supply them with scrap metals. We support the country’s economy through sustaining the recycling industry.
“Because without our activities, no investor will come to Nigeria because they can not see raw materials to process and make finished products.
“Also, most of our companies will wind-up because there’s no raw materials for them to process. This is where we contribute to the development of the country’s economy,” he said.
The regional president further explained that across the country, they have over 5 million members engaging and benefitting from the business, while Katsina accounted for over 200,000 members.
Also speaking, a member of Katsina State House of Assembly, representing Funtua constituency, Alhaji Abubakar Total said the assembly was not planning to ban the scrap activities, but trying to sanitise the business.
According to Total, there are some bad elements hiding under the association to vandalise and steal public and other people’s property in the state.
He explained that the assembly only urged the government to find a way of regulating their activities by engaging the leadership of the association and other relevant stakeholders. (NAN)