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Senate Passes N98.5bn Supplementary Budget for FCT

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By Eze Okechukwu, Abuja
The Senate yesterday passed the Federal Capital Territory Supplementary Appropriation Bill, 2024, totalling N98.5 billion.
The passage of the Bill followed the consideration of the report of the Senate Committee on FCT during plenary.
The Vice Chairman of the Committee, Senator Osita Ngwu (PDP, Enugu West) presented the report on behalf of the Chairman of the Committee, Senator Bomai Mohammed (APC,Yobe South) who was absent during the plenary.


Recall that the Senate last week stepped down the consideration of the Bill, for lacking profile, including budget performance, sources of revenue, and target areas where the money would be spent.

The FCT 2024 Supplementary Appropriation Bill seeks to authorise the issuance from the Federal Capital Territory Administration Consolidated Revenue Fund of the Federal Capital Territory Administration Account, the total sum of N98.
5bn only “to accommodate additional inflow from Internally Generated Revenue, resulting to a revised total FCT-IRS 2024 Statutory Revenue Appropriation to the sum of N348.720bn.
The Nigerian Senate has also passed a budget of N1.911 trillion as the Niger Delta Development Commission(NDDC) 2024 fiscal year.
Presenting the report, the Chairman of the Committee on NDDC, Senator Asuquo Ekpeyong (APC, Cross River South) said the budget if passed and assented to by the President would address unemployment, lack of education, poor healthcare system, construction of roads and sustain the economic development of the Niger Delta region.
NDDC had on Monday presented a budget of N1.911 trillion for the 2024 fiscal year to the National Assembly.
The budget is christened ‘Budget for the Renewed Hope’ in line with the federal government budget.
The nine oil-producing states comprise Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.

POLITICS

Assembly Passes Edo N675bn 2025 Budget for Assent 

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The Edo House of Assembly on Monday passed the state 2025 budget of N675 billion for assent.

The passage followed the adoption of the report of the House Committee on Budget and Project Monitoring at plenary in Benin.

Presenting the report, the chairman of the committee, Sunday Fada, (PDP Esan Central) said the budget was made up of N225 billion recurrent expenditure and N451 billion capital expenditure.

Fada noted that the committee came up with the increase in the budgetary allocation to enable the governor carry out his five points agenda in the state.

The House at the committee of Supply, considered the budget clause by clause and subsequently, approved the increase from N605.

7 billion to N675 billion.

The Speaker, Blessing Agbebaku, thereafter directed Mr Yahaya Omogbai, the clerk of the house to forward clean copies of the budget to the governor for his assent. (NAN)

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POLITICS

Poverty, Behind Deadly Stampedes Across Nigeria, says Falana

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Missing N500bn: Probe CBN, Falana, Others Tell PMB
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By Mike Odiakose, Abuja

Human rights lawyer, Femi Falana, SAN, on Sunday attributed the deadly stampede that claimedmore than 105 lives in stampedes during food and cash distribution events to “poverty-induced neoliberal economic policies” and “criminal negligence.

In a statement released on Sunday, Falana, who chairs the Alliance on Surviving COVID-19 and Beyond ASCAB, demanded justice for victims of the tragic events, saying, “These tragic events are a national shame, the victims were not just statistics but human beings driven to desperation by systemic poverty and the gross incompetence of those entrusted with their safety.

On December 21, 12 people died and 32 others were injured in Okija, Anambra State, during a scramble for rice distributed by a philanthropist.

On the same day, a stampede at Holy Trinity Catholic Church in Maitama, Abuja, resulted in the deaths of 10 individuals, including children, as over 3,000 people jostled for palliatives.

Just two days prior, on December 19, 35 children lost their lives in a stampede at a Christmas funfair at an Islamic High School, Basorun. in Ibadan, Oyo State.

“The loss of these innocent lives is heart-wrenching,” Falana lamented.

“It underscores the indignity that poverty imposes on our people.”

Falana also criticized the elite for their treatment of the poor during such events, stating, “No member of the elite invites others to lunch by throwing the food,” and condemned what he termed “class prejudice” in the distribution of humanitarian aid.

He also announced plans to mobilize lawyers to pursue civil suits against the organizers of these events.

“We will ensure survivors and families of the deceased are adequately compensated,” Falana affirmed. “Those responsible for these avoidable tragedies must be held accountable.”

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POLITICS

2025 budget: LP Chieftain Lauds Tinubu for Diving Priority to Security, Others

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Dr Ayo Olorunfemi, National Deputy Chairman of the Labour Party (LP) ,has commended  President Bola Tinubu for giving  priority to security and other key sectors in the 2025 Appropriation Bill .

Olorunfemi gave the commendation while speaking with newsmeon Thursday in Lagos.

NAN reports that the President had on Wednesday  presented  the N47.

9 trillion 2025 Appropriation Bill , christened “Budget of Restoration, Securing Peace and Rebuilding Prosperity” , to a joint session of the National Assembly .

The President listed highlights of the 2025 budget allocations to include: defense and security: N4.91 trillion; infrastructure: N4.06 trillion; Health: N2.

48 trillion and Education: N3.52 trillion.

Reacting , Olorunfemi  described security as an enabler of development.

He called on the President to ensure proper implementation ,saying budgets had always been well-crafted but usually lacked monitoring and implementation.

“There is nothing that can happen if there is no security. This is good if the budget is properly utilised for the purpose.

“Our problem is not about policies and budgets, it is about monitoring and implementation.

“There is nothing wrong in bringing a budget proposal forward in terms of expectation, what we want to do, how we want to do it, and how much we want to spend.

“Now, the most important thing is the implementation,, budgets in Nigeria have always been properly crafted,” the LP boss said.

Olorunfemi called on the President to build strong institutions to prevent sabotaging of his policies.

“If this government wants to do anything, it must wake up to the responsibility of monitoring policies and ensure  severe penalty for anyone who attempts to sabotage such policies.

“We need institutions that no one will be able to interfere with. We must allow these institutions to work, that is what we expect.

“Once we have strong institutions, most of our problems are solved,” he said.

He  also called on the President to take steps to address  the problems experienced by Nigerians in the banking sector.

Olorunfemi  decried the inability of many Nigerians to get cash at  bank’s Automated Teller Machines and the high charges paid  to get cash from Point of Sales (POS) operators.

The LP boss also urged the President to devise ways of  ending multiple taxations and high fuel price, describing them as major causes  of  hardship .

Recalled that the President said that the budget was a demonstration of government’s commitment to stabilising the economy, improving lives and repositioning the country for greater performance.

He also said the budget sought to consolidate the key policies instituted to restructure the economy, boost human capital development, increase the volume of trade and investments and bolster oil and gas production. (NAN)

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