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Retreat: Buhari, Lawan, Gbajabiamila Seek More Powers for APC

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By Mathew Dadiya, Abuja

The two-day Executive/Legislative retreat presided over by President Muhammadu Buhari has called on the ruling – All Progressives Congress (APC) to exercise more control on its members to enable it resolve crises that may arise. 

The advice came as Vice President Yemi Osinbajo noted that given the poor economic conditions of Nigerians and the poor state of infrastructure, it would be callous and irresponsible for the arms of government not to work together.

 

In its 10-point recommendation read by Minister of the Federal Capital Territory (FCT), Mohammed Bello, at the end of the programme held on Tuesday at the Presidential Villa, Abuja, the parley also advocated respect for party leadership by its members.

 

According to the recommendations, “the ruling political party should be encouraged to take ownership of its members to be able to reconcile them whenever conflict arises and members in both arms of government should show regard for the party and its leadership.”

It called for a concrete understanding and working knowledge between both the Executive and Legislature just as it noted that an effective confidence building measure should be put in place in the governance process to ensure mutual respect and cordial relationship between the Executive and Legislature.

The parley further recommended the creation of an effective conflict management and resolution mechanism in resolving areas of disagreement between the Executive and Legislature in the overall national interest.

Other recommendations were that there should be modalities for better access, interfacing and engagement between the leadership of both arms of government, the NASS Committees and MDAs should be worked out by the SGF and NASS-Executive Liaison. 

“There should be regular pre-budget consultations between the Executive and Legislature particularly between the MDAs and NASS Committees, Ministry of Finance, Budget and National Planning and the appropriate Committee in NASS. 

“There is need for an effective communication and collaborative engagement to enhance and strengthen the relationship between the arms of government for the benefit of Nigerians. 

“The relationship should not be adversarial but complementary, thus, more interpersonal and informal relationship between heads of MDAs and NASS members should be encouraged.

“Operators in the arms of government should act with moderation and limit their sense of entitlement by placing public interest over and above personal and parochial interest.

“The Presidency should strengthen the capacity of the Executive Liaison Offices in the National Assembly.

“There is need for an organic budget law which will optimize the budgetary process so as to deliver effective and efficient service to the citizens.”

The summation from the retreat highlighted what it referred to as weak mechanism for conflict management and dispute resolution between both arms of government and limited consultation between them on critical governance issues such as policy initiation, programme implementation, planning, and legislative processes.

Other issues that arose from the parley include lack of clarity in communication and poor feedback mechanism leading to different and subjective interpretation of intent and purpose of the message. 

The retreat also pointed at limited understanding of the workings and internal processes of each arm of government by government operatives; lack of mutual respect between the Executive and the Legislature in the conduct of governmental business; and lack of and/or absence of pre-budget consultations and briefings between the Executive and Legislative branches of government making the budgetary process acrimonious. 

Others observed issues according to Bello are “the pursuit of personal interest as against national interest; ill-equipped and poorly resourced offices of Presidential Liaison Offices in the National Assembly;

poorly defined channels of communication between the executive and legislative arms and weak utilisation of the Offices of the SSA-Ps to the President in managing communication between Committees of the National Assembly and MDAs. 

“Limited participation of MDAs at public hearings organised by the National Assembly on critical bills to influence the process but choose to raise objections when the bill is transmitted for Presidential assent.

“The current operational budgetary process is sub-optimal; and political parties have not really played the fatherly role that is expected of it in managing the relationship between the Executive and the Legislature.”

In his closing remarks at the retreat, Osinbajo noted that the context within which the arms of government operate was important, noting that given the situation in the country, it would be callous and irresponsible if the different arms of government to work together to resolve the problems. 

 “The fact that we have all been here for two working days demonstrates our common commitment to collaboration. 

“Frankly, we have no choice if we are not to fail the Nigerian people who have given us this incredible  opportunity amongst millions of our compatriots to serve at this high leadership levels we occupy today”he said.

While noting that “this is all about Nigeria and Nigerians,” he added: “This is the context for our operations. Let me say that every generation of leadership must understand  context. Law itself  must be interpreted and implemented in context. What is the reality of the context that we operate in today? We all know, our nation has millions of extremely poor people, the COVID – 19 pandemic has worsened employment and poverty. 

“We have huge deficits in infrastructure, many children are out of school. If that is our context we will be callous and irresponsible if we don’t come together, work together to sort out these grave life threatening problems our people have to confront everyday.

“The dogmatic emphasis on procedural niceties is a luxury we cannot afford.  In any event, there is no pure practice of the doctrine of separation of powers. The Anglo American traditions that we hold on to in support of the separation of powers are not pure…so for example the US Vice President serves as the president of the Senate and presides over the Senate’s daily proceedings.”

Participants at the two-day event include President Buhari, Vice President Osinbajo, President of the Senate, Speaker of the House of Representatives, Deputy President of the Senate, Deputy Speaker of the House of Representatives, and Chairmen of Committees in the Senate and House of Representatives. 

Others were Members of the Federal Executive Council, Heads of Agencies and Senior Government officials including the management of the National Assembly. 

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Federation Account Garners N7trn Revenue in Six Months – RMAFC

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By Tony Obiechina, Abuja

Revenue Mobilization Allocation and Fiscal Commission (RMAFC) yesterday disclosed that a total sum of N7.31 trillion accrued to the Federation Account between July and Dec. 2023.This was captured in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN) under the caption “CBN Federation Account Component Statement”.

This amount is higher than the sum of N5.
244 trillion realised in the first half of year 2023, according to a statement signed by the RMAFC Chairman, Mr. Mohammed Bello Shehu and made available to the media in Abuja.The chairman disclosed that out of the total gross revenue inflows into the Federation Account, the sum of N1,692 trillion was transferred to the Exchange Gain Differential Account, thus leaving a balance of N5.
475 billion for distribution.He added that from the amount stated above, the sum of N3.26 trillion was deducted as approved statutory deductions by the OAGF, leaving a net balance of N2.2 trillion for distribution to the three tiers of government within the period under review.The chairman explained that out of the N3.267 trillion statutory deduction indicated above, N2.251 trillion was transferred to the Non-Oil Excess Account as savings, thus leaving a net statutory deduction of N1.016 trillion with further augmentations for sharing among the three tiers of government received from some “reserve accounts.”The statement added that within the period under review, the net sum of N4 trillion was shared with the three tiers of government, an amount higher than the total sum of N3.06 trillion.In terms of percentages, the chairman stressed that “the statutory deduction in the second half of the year constituted 44.12 percent of the total gross inflow into the Federation Account in the six-month period, which was higher than the first half deductions of 42.31 percent (inclusive of transfer to the Non-Oil Excess Account).”On remittances by Revenue Generating Agencies (RGAs), the RMAFC chairman disclosed that out of the total gross revenue inflows into the Federation Account, the Nigerian National Petroleum Company Limited (NNPCL) remitted N874 64 billion in the second half of the year as against the zero-remittance made in the first half of the year.Similarly, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted the sum of N1.56 trillion while the Federal Inland Revenue Service (FIRS) remitted N3.65 trillion

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PDP NEC Meeting Ends with Damagum as Acting Chairman

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By Johnson Eyiangho, Abuja

Peoples Democratic Party (PDP) 98th National Executive Committee (NEC) meeting yesterday ended without a word on the much talked-about replacement of the party’s Acting National Chairman, Amb. Iliya Damagum, an indication that he will continue to function in that position.

In an interview with newsmen after the meeting, the PDP spokesman, Hon.
Debo Ologunagba said for now, the party is focusing on issues of reconciliation and its stability, adding that the issue of the Acting National Chairmanship had been “deferred to the next NEC meeting, which is tentatively scheduled for August 15, 2024″.
Also speaking, the Governor of Bauchi State and Chairman of the PDP Governors’ Forum, Bala Mohammed said the party is united as there was no dissension and rancour.
In his words, “It was planned that the party would have an implosion. PDP is more than that. We have gone beyond all that. This party is united, guided by experience and constitutionality.”There were a lot of permutations and mischievous thinking outside there. But we looked at all the issues and we worked along our guidelines and constitution.“There is no problem or dissension and problem among members,” Mohammed said.The well attended NEC meeting was held amid tight security as police and personnel of the Department of State Services (DSS) condoned off roads leading to the PDP Secretariat, Abuja and diverted vehicular traffic.It will be recalled that the PDP National Working Committee (NWC) had passed a vote of confidence on Damagum during its meeting on Tuesday.A communique issued at the end of the three hours meeting commended all the organs of the party for their collective resilience, steadfastness and commitment towards the unity, stability and sustenance the party despite daunting challenges.The communique commended the efforts of the NWC in its effort towards rebranding the party and urged all party members to continue to work together for the success of the PDP for the benefit of Nigerians and sustenance of democracy in our country.

The document which was read by the PDP National Publicity Secretary, Ologunagba, however, expressed concern over what it described as the ill-implemented policies of the APC administration, leading to worsening insecurity, harrowing economic hardship, soaring unemployment rate, high cost of food and other necessities of life with pervading misery and despondency across the country.”NEC expresses serious apprehension over the spate of acts of terrorism and violence including the escalated cases of mindless killings, mass abduction of innocent Nigerians and marauding of communities in various parts of the country.”NEC condemns the insensitivity, nonchalance, incompetence and arrogance in failure of the APC administration which continues to conduct itself in a manner that shows that it has no iota of interest or commitment towards the wellbeing of Nigerians.”NEC also condemns the creeping totalitarianism and tendencies towards a One-Party State which is inimical to the peace, stability and corporate existence of our nation as well as the development of Democracy and good governance in the country,” it said.The communique demanded that President Bola Tinubu should urgently convene a special National Security Council meeting to proffer a holistic solution and measures to curb the disturbing insecurity with its attendant negative consequences on the nation.It also called on the president to “immediately rejig his Economic Team to bring in persons of proven integrity and competence without bias and vested interest to assist in repositioning the economy.”NEC further demands that the Federal Government should review all policies and programmes which are stifling the economy with suffocating effect on the lives of citizens; including the increase in price of fuel without cushioning measures, hike in electricity tariff, increased taxation and implementation of adverse fiscal policies,” the communique added.Present at the meeting were FCT Minister Nyesom Wike, former Vice President Atiku Abubakar and many other past and presently elected members of the PDP.

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CBN Reduces Banks’ Lending Rate to 50 Percent

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By Tony Obiechina, Abuja

Central Bank of Nigeria (CBN) yesterday announced a review of the loan-to-deposit ratio (LDR) for banks from 65 percent to 50 percent to align with the current monetary tightening.

LDR is used to assess a bank’s liquidity by comparing its total loans to its total deposits.

An increase in the loan-to-deposit ratio allows banks to expand their credits to businesses and individuals, however, a decline in LDR reduces their ability to loan customers from depositors’ funds.

CBN disclosed the increase in a circular titled “Re: Regulatory Measures to Improve Lending to the Sector of the Nigerian Economy”, signed by Adetona Adedeji, CBN Acting Director, Banking Supervision Department.

“Following a shift in the b  ank’s policy stance towards a more contractionary approach, it is imperative to review the loan-to-deposit ratio (LDR) policy to align with the current monetary tightening by the CBN,” the apex bank said.

“Accordingly, the CBN has decided to reduce the LDR by 15 percentage points to 50%, in a similar proportion to the increase in the CRR rate for banks.

“All DMBs are required to maintain this level and are further advised that average daily figures shall continue to be applied to assess compliance.”At the last monetary policy committee (MPC) meeting on March 26, the CBN retained the CRR at 45 percent and the liquidity rate at 30 percent.

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