News
FEC okays N895bn supplementary budget for military, COVID-19 vaccines
The Federal Executive Council has approved the draft 2021 supplementary budget of N895,842,462,917 for the purchase of military equipment and COVID-19 vaccines.
This was disclosed to reporters on Wednesday by the Minister of Finance, Budget and National Planning, Zainab Ahmed, after the week’s FEC meeting in Abuja.
According to her, the draft contains N770.60bn to further enhance the capacity of the defence and the security agencies to address current and emerging security challenges in Nigeria; while N83.56bn has been set aside for COVID-19 vaccine programme, covering 30 million vaccines from Johnson and Johnson and the logistics costs related to the deployment of the vaccines.
She said, “It also contains the sum of N1.69bn for the Nigeria Comprehensive AIDS Programme that is currently operating in the states and an additional contingency provision of N40bn under the public service-wide adjustments to take care of the needs for allowances to the health sector, to the education sector and other wage related issues. This is an incremental provision over N100bn already provided in the 2021 budget.
“In line with this approval, we’ve also been given approval to draw down on some existing World Bank loans totaling about N39.58bn as part of the financing source for this supplementary budget.
“We’ll be working with the World Bank to restructure some of the existing facilities to realise this N39.58bn. We’ve also been given approval to withdraw N135bn from some special reserve levy accounts to part-fund this supplementary budget, but specifically related to COVID-19 vaccine, salaries and other health-related expenditure as well as the recurrent component of the Defense and Security expenditures.
“Finally, this approval also contains an approval to borrow the sum of N722.53bn for security expenditures and these are the capital components of the security expenditure in the absence of any other additional supplementary sources of borrowing. This borrowing would be done from the domestic international capital market.”
News
Tinubu jets out to France on three-day visit
Tinubu jets out to France on three-day visit
President Bola Tinubu will travel to France today (Wednesday) for a three-day state visit at the instance of the French president.
A statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, confirmed this.
It said, “The Nigerian leader’s three-day visit, which will focus on strengthening political, economic, and cultural relations and establishing more opportunities for partnership, particularly in agriculture, security, education, health, youth engagement and employment, innovation, and energy transition, promises significant benefits for Nigeria.”
Onanuga said Tinubu and Macron would harmonise positions on stimulating more interest in exchange programmes that focus on skill development for youths and improving their competencies in automation, entrepreneurship, innovation, and leadership.
“Both leaders will participate in political and diplomatic meetings highlighting shared values on finance, solid minerals, trade and investments, and communication,” he added.
“They will also witness a session by the France-Nigeria Business Council, which oversees private sector participation in economic development.”
The presidential adviser stated that the Nigerian first lady and her French counterpart would discuss solutions for empowering women, children, and the most vulnerable through the Renewed Hope initiative.
News
Yahaya Bello reports to EFCC office with lawyers
Yahaya Bello reports to EFCC office with lawyers
A former Governor of Kogi State, Yahaya Bello, on Tuesday visited the Economic and Financial Crimes Commission (EFCC) to honour another invitation extended to him over alleged misappropriation of funds.
Bello went to the anti-graft office with his lawyers in the morning.
The ex-Kogi governor reportedly drove himself to the EFCC’s office in a black Toyota Hilux van with some lawyers.
He was said to have been taken by some operatives of the agency and are currently being grilled.
This is coming after the Supreme Court judgment which dismissed a suit brought by some state governments challenging the constitutionality of the agency.
The EFCC at the last hearing on November 14, sought the adjournment till November 27 in the fresh case it instituted against Bello.
It stated that the 30-day window was still running for the summons earlier issued.
News
Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct
Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct
Ebonyi State Governor Francis Nwifuru has announced the immediate suspension of two commissioners with a permanent secretary among others for gross misconduct.
Those suspended are the Commissioner for Housing and Urban Development Francis Ori, and the Commissioner for Health, Moses Ekuma, with the Permanent Secretary of the Ministry of Health.
The suspension followed an incident on Saturday night, when the governor reportedly visited the Ministry of Health’s premises and was said to have found six officials diverting government materials.
Others suspended for three months are the Executive Secretaries of the State Primary Healthcare Development Agency and the Ebonyi State Health Insurance Agency
The suspension order was announced by the state Commissioner for Information, Jude Okpor, who cited alleged misconduct and dereliction of duties as the reasons for the disciplinary actions.
Okpor made the disclosure on Tuesday during a press briefing on the outcomes of the State Executive Council meeting held on Monday at the New Government House in Abakaliki, the state capital.
“Following cases of gross misconduct and dereliction of duties by some government officials and matters related thereto, the Chairman of Council directed the indefinite suspension of the Honourable Commissioner for Housing and Urban Development and three months suspension of the Honourable Commissioner for Health, respectively
“In view of the development, the Special Assistant to the Governor on Primary Health was directed to take charge of the ministry in the absence of the suspended commissioner.
Governor Nwifuru directed the suspended government officials to hand over all government properties in their possession including vehicles to the Secretary to the State Government.
-
metro1 day ago
BREAKING: Port Harcourt refinery begins operation
-
Business3 days ago
Just in: Dangote refinery reduces petrol price for marketers
-
metro2 days ago
40-foot container falls on car in Lagos
-
Politics2 days ago
Lagos 2027: Seyi Tinubu campaign team releases his life documentary
-
Sports21 hours ago
French football star, Paul Pogba’s blackmail trial begin in Paris
-
Entertainment2 days ago
Polygamy best form of marriage for Africa – Okey Bakassi
-
Education20 hours ago
US University opens 2025 scholarships for international students
-
International2 days ago
Trump to sack 15,000 transgender officers from U.S. military: Report