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Buhari presents N13.08tn 2021 budget proposal to NASS
President Muhammadu Buhari has presented the 2021 budget proposal of N13.08 trillion to the National Assembly for consideration and passage into law.
The President, who was accompanied by Vice-President Yemi Osinbajo, some cabinet members and presidential aides, arrived at the premises of NASS at about 11.03pm, according to News Agency of Nigeria.
He explained that the total aggregate revenue projected for the 2021 budget was N7.86 trillion with a deficit of N5.2 trillion, representing 3.4 per cent of the GDP.
He said the deficit would be financed mainly by new borrowing, totalling N4.28trillion.
Buhari stated that the total revenue available to fund the 2021 federal budget was estimated to N7.886 trillion which included grants and aids of N354.85 billion as well as revenues of 60 government owned enterprises.
According to him, the budget, which is described as a budget for Economic Recovery and Resilience, is based on an estimated oil price benchmark of 40dollars per barrel, daily oil production estimate of 1.86 million barrels (inclusive of condensates of 300,000 to 400,000 barrels per day) and an exchange rate of N379 per dollar.
“Based on the foregoing fiscal assumptions and parameters, total federally distributable revenue is estimated at N8.433 trillion in 2021. Total revenue available to fund the 2021 federal budget is estimated at N7.886 trillion.
“This includes Grants and Aid of N354.85 billion as well as the revenues of 60 government-owned Enterprises.
According to him, oil revenue is projected at N2.01 trillion and non-oil revenue is estimated at N1.49 trillion.
“As you will observe, the format of the 2021 Appropriation Bill has been modified to include budgeted revenues, no matter how small, for each MDA, to focus on internal revenue generation.
“Accordingly, I implore you to pay as much attention to the revenue side as you do to the expenditure side.
He stated that N3.12 trillion had been earmarked for debt servicing in 2021 as against N2.1trillion in 2020
The President, who reviewed the performance of the 2020 budget so far, said the budget was amended in response to the challenges occasioned by the COVID-19 pandemic.
“As at July 2020, the Federal Government’s actual revenue available for the budget was N2.10 trillion.
“This revenue performance was only 68 per cent of our pro-rated target in the revised 2020 budget.
“At N992.45 billion, oil revenue performed well above our budget target, by 168 per cent. Non-oil tax revenues totalled N692.83 billion, which was 73 per cent of the revised target.”
News
Place arms embargo on Nigeria, IPOB tells Italy
Place arms embargo on Nigeria, IPOB tells Italy
The separatist group, IPOB, has called upon the Italian government to halt the sale of air force jets to Nigeria due to ongoing human rights violations against indigenous people and communities in the country
IPOB’s Media and Publicity Secretary, Emma Powerful, emphasized the need for all civilized nations to refrain from further supplying military hardware and software to Nigeria.
Powerful said, “The Nigerian government has created the terrorist groups that they are pretending to have been fighting in order to displace indigenous nations and allow individuals in power to loot the country’s funds.
“Therefore, we appeal to the Italian government to stop the military aircraft purchase deal they entered into with the Nigerian government.
“We also ask other countries considering selling arms to Nigeria to stop because Nigeria is not using the arms for their intended purposes.”
He stated that “IPOB has no intention to interfere with the Italian Government’s business but wants to inform them that the Nigeria military has not used the previously acquired arms and ammunition including fighter jets to fight terrorists who operate in the open in Northern Nigeria but have targeted innocent and peaceful people”.
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“Unarmed IPOB members have also been the victims of Nigerian military’s brutality,” Powerful said. “Some of the Internally Displaced People’s (IDP) Camps in Nigeria have been intentionally bombed by the Nigeria military to prevent the displaced persons from returning to their communities already ceded to the terrorists as their own.”
He said, “Recently, an Okuama Community in Delta State, Nigeria, was invaded, bombed, and the entire community displaced by the Nigerian military. The Nigerian government and her military are known for human rights violations and genocide against her civilians.”
The IPOB spokesperson further stated: “In 2021, the Nigerian Air Force bought “12” A-29 Super Tucano Jets from the United States of America to fight terrorism in Nigeria.
“After the delivery of those fighter jets, they were deployed in the Eastern region of the country and were used in bombing of Igbo villages and their people mostly in Orlu Local Government Area of Imo State.
“From the day the Tucano jets arrived in Nigeria in 2021 till late 2023, they were never used against terrorists but were consistently used in the bombing of innocent people in Imo State in the Eastern part of the country that is Biafra land and also in the bombing of IDP camps in the North who are victims of Boko Haram terrorist attacks.”
IPOB urged the Italian government to “halt the sale of jets to the Nigerian government because their fight against terrorism is a hoax”.
“The Italian government should not fall into the Nigerian government’s deception,” he said.
The Italian government should not fall into the Nigerian government’s deception,” he said.
“Any supply of arms and ammunition to the Nigerian government is a tacit support to human rights abuse and violations. The Italian government and her citizens are civilized and should not support any government that is violating the fundamental human rights of her citizens.
“We are calling on the Italian Prime Minister, Ms. Giorgia Meloni, to place an arms embargo on the Nigerian government for their history of bombing civilian populations and for human rights violations,” he added.
Place arms embargo on Nigeria, IPOB tells Italy
News
Netizens mock prophet who prophesied world will end today
Netizens mock prophet who prophesied world will end today
Social media users have reacted to a self-proclaimed preacher named Prophet Metuh, who has declared that the world will come to an end on Thursday, April 25.
According to him, he received a ‘clear message’ from God, indicating that April 25, 2024, marks the final day for humanity.
In a video that has since gone viral on X, Metuh said: “By the 25th of April, the world is going to end. If you like take this seriously, if you don’t like don’t take it seriously.
“But this is real, rapture is coming, on the 25th of April 2024, I saw it very clear, do you understand? I saw the date very clear and the lord ministered to me. He mentioned it twice, it has happened twice.”
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He also chastised social media users who were criticising him for his claim of rapture.
“This is not a joke, this is a reality. Rapture is coming, prepare yourself. The message was very clear and the date is also very clear, 25th of April 2024. Rapture is coming. The world has come to an end and that is just the reality.”
“I have seen a lot of reactions and comments on social media but it doesn’t really matter. What matters is that you have to prepare yourself. The message was very clear, it is not for me to finetune for you to be happy or for you to like it. It is to pass the message as I got it and that is what I have done.
Netizens mock prophet who prophesied world will end today
News
Bullying: Tacha accuses Nigerians of ‘selective outrage’
Bullying: Tacha accuses Nigerians of ‘selective outrage’
Reality star Tacha has tackled Nigerians on what she described as ‘selective outrage’ following the trending internet topic, bullying.
Her criticism followed a video capturing the bullying of a student by her classmates at Lead British International School in Abuja circulated online.
Angered by the outrage that followed the video, Tacha lambasted Nigerians for being hypocrites.
On her platform X, she uploaded a video where she criticized social media users, emphasizing that many of those advocating for justice in the prominent bullying incident were also prone to swift criticism and may have exhibited bullying behaviour during their own secondary school days.
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She said: “This thing with Nigerians and selective outrage is something that I would never understand. All of a sudden everyone is acting brand new screaming ‘justice for…’ since yesterday and today, as if you guys were not bullies back in secondary school. Or as if you guys did not watch your friend bully junior students for doing absolutely nothing or seizing their food.
“You people wake up and bully celebrities unprovoked and insult them and nobody says anything. Is that not bullying? Are you not bullies yourselves? Justice for you! Justice for Tacha too that you people would insult unprovoked. Even if the person that they are owing over a million naira, no outrage because it’s someone that you don’t like. Hypocrites! Don’t come and be disturbing this timeline with justice for…’”
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