Tuesday, October 27, 2020

JUST IN: Okonjo Iweala Emerges First Female DG Of WTO

By Creeks News




 

Former Finance Minister and a former Managing Director of the World Bank, Dr Ngozi Okonjo-Iweala, has emerged the first female Director-General of the World Trade Organization (WTO).

That was after she defeated South Korea’s current Trade Minister, Yoo Myung-hee, in a fierce battle for the coveted job on Monday night.

It was gathered that it was the support of China that finally made way for the Nigeria former finance minister.

News report said the WTO’s Ambassador Walker’s led General Council, would officially announce the choice of Nigeria’s former Finance Minister, Dr Okonjo-Iweala later.

Okonjo-Iweala, 66, served as Nigeria’s first female finance and later foreign minister, and has a 25-year career behind her as a development economist and international finance expert at the World Bank, eventually becoming its number two.

She is also on Twitter’s board of directors and is a special envoy for the World Health Organization’s COVID-19 fight.

Monday, October 26, 2020

SERAP Threaten To Sue NBC Over Fine On AIT, Channels TV and Arise TV

 By Creeks News





The Socio-Economic Rights and Accountability Project has condemned the “unconstitutional and illegal” fines of N3 million each imposed by the National Broadcasting Commission on Channels Television, Arise Television, and Africa Independent Television over their coverage of the #EndSARS protests.

The acting Director-General of NBC, Prof. Armstrong Idachaba, had announced at a press conference in Abuja on that the agency has fined Channels Television, Arise Television, and Africa Independent Television for what it termed “unprofessional coverage” of the #EndSARS protests.

SERAP made its reaction known in a statement by its deputy director Kolawole Oluwadare, titled ‘SERAP asks NBC to withdraw ‘illegal fines on Channels TV, AIT, Arise TV or face legal action’.

The statement read, “This action by NBC is yet another example of Nigerian authorities’ push to silence independent media and voices. NBC should drop the fines and uphold Nigerian constitution and international obligations to respect and protect freedom of expression and media freedom. We will sue NBC if the unconstitutional fines are not rescinded within 48 hours.

“This is a new law in Nigeria’s protection of freedom of expression, and the ability of independent media to function in the country. The fines are detrimental to media freedom, and access to information, and the NBC must immediately withdraw the decision.”

The statement, read in part: “Media freedom and media plurality are a central part of the effective exercise of freedom of expression and access to information. The ability to practice journalism free from undue interference, to cover peaceful protests, and critical views are crucial to the exercise of many other rights and freedoms.”

“The media has a vital role to play as ‘public watchdog’ in imparting information of serious public concern and should not be inhibited or intimidated from playing that role. The NBC should stop targeting and intimidating independent media and voices.”

“President Muhammadu Buhari should caution the NBC to stop intimidating and harassing independent media houses and to respect the Nigerian Constitution 1999 [as amended] and the country’s international human rights obligations, including under the International Covenant on Civil and Political Rights and the African Charter on Human and Peoples’ Rights.”



Thursday, October 15, 2020

Birthday: Chief Amb. Francis Boumiebi JP Felicitate With Hon. Asupa Forteta, Describe His As A People Oriented Leader

By Keneware Emmanuel




  The Senior Special Assistant to the Delta State Governor on Political Matters, Chief Amb. Francis O. Boumiebi JP, PG send his goodwill of felicitation to the member representing Burutu North in the Delta State House of Assembly, Hon. Asupa Peter Forteta on the occasion of his birthday anniversary.

 Chief Francis made this known via a statement he signed in his country home at Ogulagha community, Burutu Local Government Area of Delta State, a copy of which was sent to Creeks News Media.

 He describe Hon. Asupa Forteta as a trailblazer, an empowerment icon and a people oriented leader with a large heart of prospering and bettering the lives of his people.

 He however prayed for God Almighty to grant Hon. Asupa, Solomonic wisdom, Methusalahic longevity, good health and vitality, all round success in every aspect of life.



 Meanwhile, Creeks News Media can report that Hon. Asupa Peter Forteta fondly called the Political Motorsaw, is a former Chairman of Burutu Local Government, two time SSA on Security,  Commissioner of Youth and Sports, Commissioner of Urban Renewal and currently the Honorable member representing Burutu North Constituency 1 in the Delta State House of Assembly and Chairman House Committee on Security.

 His cosmopolitan humanism speaks in volume and intensity as he has touch many lives and empowered many youths. As a result of that he's been called many titles such as Political Motorsaw, Swampbuggy, Kangirikanga, Holy Michael, Odogboro alias Everybody's Daddy.

 He has indeed boldly written his name in gold in the annal of history. 

Once again, Congratulations and a happy blessed birthday sir. The statement reads.


Chief Amb. Francis Boumiebi JP, PG

Wednesday, October 14, 2020

President Buhari Mourns, Pay Tribute To J.P Clark

By Creeks News




On behalf of the Federal Government, President Muhammadu Buhari extends deepest condolence to the Clark-Fuludu Bekederemo family on the passing  of renowned writer and Emeritus Professor of Literature, Prof. John Pepper Clark.

President Buhari pays tribute to one of Nigeria’s finest poets, dramatist and recipient of the Nigerian National Order of Merit Award for literary excellence, whose repertoire of published works depicts the hardwork of a great man, devoted to a lifetime of writing, knowledge and promotion of the indigenous culture of the Ijaw nation.

Acknowledging that Prof. J.P. Clark’s exit has, indeed, left an indelible mark in the literary world, President Buhari takes solace that his body of literary works, which earned him recognition and respect both at home and abroad, would continue to inspire upcoming Nigerian writers to pursue literary excellence and flourish in their chosen vocation.  

The President’s thoughts and prayers are with the family of the departed patriot, the government and people of Delta State and the literary community in the country.

 

He prays for the peaceful repose of the soul departed. 


Femi Adesina

Special Adviser to the President

(Media & Publicity)

October 13, 2020


Thursday, October 8, 2020

President Buhari Present 2021 Budget Of Economic Recovery To National Assembly

 2021 BUDGET SPEECH:


Budget of Economic Recovery and Resilience 



Delivered By:

His Excellency, President Muhammadu Buhari

President, Federal Republic of Nigeria

At the Joint Session of the National Assembly, Abuja




PROTOCOLS


1.  It is with pleasure that I present the 2021 Federal Budget Proposals to this Joint Session of the National Assembly.


2.  Distinguished and Honourable Leaders, and Members of the National Assembly, at this juncture, I wish to commend your tremendous efforts in approving the revision of the 2020 – 2022 Medium-Term Expenditure Framework and Fiscal Strategy Paper, and passage of the 2020 Appropriation (Repeal and Amendment) Act, in response to the Coronavirus Pandemic.


3.  Today marks an important occasion in our quest to accord the federal budget process the seriousness it deserves. In line with our commitment, we have worked extra hard to ensure early submission of the 2021 –2023 Medium-term Expenditure Framework and Fiscal Strategy Paper, as well as the 2021 Appropriation Bill. It is my sincere hope that the National Assembly will pass this Bill into law early enough to enable implementation by 1st January 2021, given the collaborative manner in which the budget was prepared.




4.  In the course of this address, I will present the highlights of our budget proposals for the next fiscal year. The Honourable Minister of Finance, Budget and National Planning will, later, provide the full details of these proposals.




Recent Developments


1.  The 2021 Budget was prepared amidst a challenging global and domestic environment due to the persistent headwinds from the Coronavirus Pandemic. The resulting global economic recession, low oil prices and heightened global economic uncertainty have had important implications for our economy.


2.  The Nigerian economy is currently facing serious challenges, with the macroeconomic environment being significantly disrupted by the Coronavirus Pandemic. Real Gross Domestic Product (‘GDP’) growth declined by 6.1 percent in the second quarter of 2020. This ended the 3-year trend of positive, but modest, real GDP growth recorded since the second quarter of 2017. I am glad to note that, through our collective efforts, our economy performed relatively better than that of many other developed and emerging economies.


3.  GDP growth is projected to be negative in the third quarter of this year. As such, our economy may lapse into the second recession in four years, with significant adverse consequences. However, we are working assiduously to ensure a rapid recovery in 2021. We remain committed to implementing programmes to lift 100 million Nigerians out of poverty over the next 10 years.


4.  As skills’ deficits limit employment opportunities in the formal economy, various skills’ development programmes are being implemented simultaneously to address this problem frontally. For instance, the Government is implementing the Special Public Works programme to provide employment opportunities to 774,000 youths across the 774 local government areas of Nigeria. We have also recently introduced the N75 billion Nigeria Youth Investment Fund, of which N25 billion have been provided in 2021 Budget. 


5.  We thank all Nigerians, for your perseverance and continued support during these difficult times. We remain unwavering in our commitment to actualize our vision of a bright future for everyone.


Performance of the 2020 Budget


6.          Distinguished and Honourable Members of the National Assembly, you will recall that the 2020 ‘Budget of Sustaining Growth and Job Creation’ was amended in response to recent fiscal pressures. I am glad to report that these efforts enabled us to effectively respond to the public health challenge of Coronavirus outbreak and moderate economic impact.


7.          Pursuant to our revised assumptions, the amended 2020 Budget was based on a benchmark oil price of 28 US Dollars per barrel; oil production of 1.80 million barrels per day; and exchange rate of N360 to the US Dollar.


8.          Based on these budget parameters, aggregate revenue of N5.84 trillion was projected to fund  N10.81 trillion in expenditure. The projected deficit of N4.98 trillion, or 3.57 percent of GDP, is expected to be financed mainly by borrowing.


9.          In 2020, average daily oil production was 1.88 mbpd up to June, as against the revised estimate of 1.80 mbpd for the entire year. However, the market price of Bonny Light crude averaged 40.79 US Dollars per barrel, significantly higher than the revised benchmark price of 28 US Dollars.


10.      As at July 2020, the Federal Government’s actual revenue available for the budget was N2.10 trillion. This revenue performance was only 68 percent of our pro-rated target in the revised 2020 budget. At N992.45 billion, oil revenue performed well above our budget target, by 168 percent. Non-oil tax revenues totalled N692.83 billion, which was 73 percent of the revised target.


11.      To improve independent revenue performance, I have directed that the cost profiles of Government Owned Enterprises (‘GOEs’) should be scrutinized and limits imposed on their cost-to-revenue ratios.  Supervising Ministers have also been directed to ensure closer monitoring of the revenue generating activities and expenditures of the Government Owned Enterprises.


12.      On the expenditure side, as at end of July 2020, a total of N5.37 trillion had been spent as against the pro-rated expenditure of N5.82 trillion. Accordingly, the deficit was N3.27 trillion. This represents 66 percent of the revised budgeted deficit for the full year.


13.      Despite these challenges, we met our debt service obligations. We are also up to date on the payment of statutory transfers and staff salaries, while overhead costs have been significantly covered.


14.      For the first time in recent years, we commenced the implementation of this year’s capital budget in the first quarter. As at 15th September 2020 a total of about N1.2 trillion had been released for capital projects. Every Federal MDA has received at least 50 percent of its 2020 capital expenditure budget, in line with my earlier directives.


15.      Let me emphasise that revenue generation remains our major challenge. Nevertheless, Government is determined to tackle the persisting problems with domestic resource mobilization, as there is a limit to deficit financing through borrowing. The time has come for us to maintain a healthy balance between meeting our growing expenditure commitments and our long-term public financial health. 


Key Achievements in the 2020 Fiscal Year


34.      Over the last year, this Administration has implemented several priority projects. I am happy to report that much progress has been made on several fronts and our Government has delivered on key policies, programmes and projects in these priority areas. 

16.      In agriculture, we have recorded appreciable success in rice and other crops mainly through the Anchor Borrowers Programme and the Presidential Fertilizer Initiative, anchored by the Central Bank of Nigeria and the Nigeria Sovereign Investment Authority, respectively. We are also accelerating the construction of 337 rural roads around key agricultural corridors to enhance access to market and reduce post-harvest losses. These efforts have reduced the adverse impact of Coronavirus on our food availability, prices and security.

17.      We have made progress on the railway projects connecting different parts of the country. The Lagos-Ibadan Line will soon be operational. The Abuja-Kaduna Line is running efficiently. The Itakpe-Ajaokuta Line was finally completed after over 30 years since it was initiated and commissioned in September 2020.

18.      Arrangements are underway to complete the Ibadan-Kano Line. Also, work will soon commence on the Port Harcourt-Maiduguri Line and Calabar-Lagos Coastal Line, which will connect the Southern and Eastern States to the North, and the South-South as well as South-East to the North, and South-West, respectively.

19.      The Second Niger Bridge is at about 46 percent completion. We hope to commission the project before the end of our tenure in 2023. We have awarded several contracts to rehabilitate, reconstruct and construct major arterial roads, in order to reduce the hardship to commuters and increase economic activity. 

20.      To bridge the infrastructure deficit, we are also implementing innovative financing strategies to pull-in private sector investment. The Infrastructure Company, which I recently approved, will become a world-class infrastructure development vehicle, wholly focused on making critical infrastructural investments in Nigeria. This Infrastructure Company will raise funding from the Central Bank of Nigeria, the Nigeria Sovereign Investment Authority, the Africa Finance Corporation, pension funds as well as local and foreign private sector development financiers.


21.      Under the Road Infrastructure Tax Credit Scheme, we are undertaking the construction and rehabilitation of over 780km of roads and bridges, nationwide, to be financed by the grant of tax credits to investing business. Ongoing projects under this scheme include:


a.          Construction and Rehabilitation of Lokoja-Obajana-Kabba-Ilorin Road Section II (Obajana-Kabba) in Kogi and Kwara States;

b.          Construction of Apapa-Oworonshoki-Ojota Expressway in Lagos State; and 

c.           Construction of Bodo-Bonny road with a Bridge across the Opobo Channel in Rivers State.

22.      To enhance good governance, we strengthened our anti-corruption agencies to ensure they work independently and jointly, while respecting the rule of law. We have also worked to address emergent cases of insecurity and insurgency, nationwide, with innovative approaches. Our security operations in the Niger Delta, North Central and North West are yielding desired results. We are determined to get rid of bandits, kidnappers and criminal behaviour from our midst.


Theme & Priorities of the 2021 Budget


23.      Distinguished Senators; Honourable Members; let me now turn to the 2021 Appropriation Bill, which is designed to further deliver on the goals of our Economic Sustainability Plan. This Plan provides a clear road map for our post- Coronavirus economic recovery as a transitional plan to take us from the Economic Recovery and Growth Plan (2017 – 2020) to the successor Medium-Term National Development Plan (2021 – 2025). 


24.      In view of the many challenges confronting us, we must accelerate our economic recovery process, promote social inclusion and strengthen the resilience of the economy. The 2021 Appropriation has, therefore, been themed the ‘Budget of Economic Recovery and Resilience’. It is expected to accelerate the pace of our economic recovery, promote economic diversification, enhance competitiveness and ensure social inclusion.


Parameters & Fiscal Assumptions Underpinning the 2021 Appropriation

25.      Distinguished Members of the National Assembly, the 2021 – 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper set out the parameters for the 2021 Budget, which include:


a.          Benchmark oil price of 40 US Dollars per barrel; 

b.          Daily oil production estimate of 1.86 million barrels (inclusive of Condensates of 300,000 to 400,000 barrels per day);

c.           Exchange rate of N379 per US Dollar; and

d.          GDP growth projected at 3.0 percent and inflation closing at 11.95 percent.

Finance Bill 2020


26.              Distinguished and Honourable Members; I have directed the Minister of Finance, Budget and National Planning to finalise the Finance Bill 2020, which will be forwarded for your kind consideration and passage into law, shortly after today’s 2021 Budget presentation. The Finance Bill is to support the realization of our 2021 revenue projections, adopt appropriate counter-cyclical fiscal policies and enhance the efficiency of fiscal incentives.


 

Tax Expenditure Statement


27.      In compliance with the Fiscal Responsibility Act of 2007, we will prepare and publish, a Tax Expenditures Statement for 2019. The 2019 Statement will be the first of these annual Statements, setting out the estimated cost of tax exemptions, incentives and rebates provided under Nigeria’s revenue and other laws. The 2019 Statement is expected to contribute to public discussion on the use of our tax policies and system to achieve socio-economic development.


Federal Government Revenue Estimates


28.      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.


29.      Oil revenue is projected at N2.01 trillion. 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.


Planned 2021 Expenditure


30.      An aggregate expenditure of N13.08 trillion is proposed for the Federal Government in 2021. This includes N1.35 trillion spending by Government-Owned Enterprises and Grants and Aid funded expenditures of N354.85 billion. For 2021, the proposed N13.08 trillion expenditure comprises:


a.          Non-debt Recurrent Costs of N5.65 trillion;

b.          Personnel Costs of N3.76 trillion;

c.           Pensions, Gratuities and Retirees’ Benefits of N501.19 billion;

d.          Overheads of N625.50 billion;

e.          Debt Service of N3.124 trillion;

f.            Statutory Transfers of N484.49 billion; and

g.          Sinking Fund of N220 billion (to retire certain maturing bonds).

Fiscal Balance


1.  The 2021 Budget deficit (inclusive of Government Owned Enterprises and project-tied loans), is projected at N5.20 trillion. This represents 3.64 percent of estimated GDP, slightly above the 3 percent threshold set by the Fiscal Responsibility Act, 2007. It is, however, to be noted that we still face the existential challenge of Coronavirus Pandemic and its aftermath; I believe that this provides a justification to exceed the threshold as provided for by this law.


31.      The deficit will be financed mainly by new borrowings totalling N4.28 trillion, N205.15 billion from Privatization Proceeds and N709.69 billion in drawdowns on multilateral and bilateral loans secured for specific projects and programmes.


Statutory Transfers


32.      The sum of N484.49 billion provided for Statutory Transfers in the 2021 Budget represents an increase of N56.46 billion (or 13 percent) over the revised 2020 provision. The Statutory Transfer provisions are: 

a.          Niger Delta Development Commission   -       N63.51 billion;

b.          North East Development Commission            -       N29.70 billion;

c.           National Judicial Council                         -       N110.00 billion;

d.          Universal Basic Education Commission -       N70.05 billion;

e.          Independent National Electoral Commission  -       N40.00 billion;

f.            National Assembly                                  -       N128.00 billion;

g.          Public Complaints Commission                      -       N5.20 billion;

h.          Human Rights Commission                     -       N3.00 billion; and

i.             Basic Health Care Provision Fund          -       N35.03 billion.

33.      In compliance with the Fiscal Responsibility Act 2007, all beneficiaries of Statutory Transfers will be required to provide the Budget Office of the Federation with periodic reports on the allocation and expenditure of funds for inclusion in the quarterly Budget Implementation Report.

Recurrent Expenditure

34.      In our efforts to enhance national security and human capital development, a major part of the 2021 recurrent cost estimate is allocated to paying salaries and overheads in MDAs providing these critical public services. These include:

a.          N227.02 billion for the Ministry of Interior; 

b.          N441.39 billion for the Ministry of Police Affairs;

c.           N545.10 billion for Ministry of Education; 

d.          N840.56 billion for Ministry of Defence; and 

e.          N380.21 billion for Ministry of Health. 

Personnel Costs

35.      Personnel cost is still our largest single item of expenditure. In the 7 months to 31st July 2020, it accounted for 34 percent of total Federal Government spending and is projected at 33 percent of 2021 expenditure.


36.      To check the incidence of payments to non-existent personnel and unauthorised allowances, only Federal staff that have been captured on the Integrated Personnel Payroll Information System (‘IPPIS’) platform will receive salaries. 


37.      All agencies have been directed to ensure that they obtain all necessary approvals before embarking on any fresh recruitment. Any breach of these directives will be severely sanctioned.


Debt Service

38.      We remain committed to meeting our debt service obligations. Hence, we have provisioned N3.12 trillion for this in 2021, representing an increase of N445.57 billion from N2.68 trillion in 2020. A total of N2.183 trillion has been set aside to service domestic debts while N940.89 billion has been provided for foreign debt service. N220 billion is provided for transfers to the Sinking Fund to pay off maturing bonds issued to local contractors and creditors.


Overhead Costs

39.      Total overhead costs of MDAs and Government Owned Enterprises are projected to rise to N625.50 billion in 2021, mainly due to the inclusion of the overheads of an additional 50 Government Owned Enterprises. Overhead provisions have also been made for newly created agencies. To keep a tab on running costs, MDAs must adhere to extant expenditure controls. 


Capital Expenditure

40.      An aggregate sum of N3.85 trillion is expected to be available for capital projects in 2021, as summarised below:

a.          N1.80 trillion for MDAs’ capital expenditure;

b.          N745 billion for Capital Supplementation;

c.           N355 billion for Grants and Aid-funded projects;

d.          N20 billion for the Family Homes Fund;

e.          N25 billion for the Nigeria Youth Investment fund;

f.            N336 billion for 60 Government Owned Enterprises; 

g.          N247 billion for capital component of Statutory Transfers; and

h.          N710 billion for projects funded by Multi-lateral and Bi-lateral loans.

41.      The 2021 capital budget is N1.15 trillion higher than the 2020 provision of N2.69 trillion. At 29 percent of aggregate expenditure, the provision moves closer to this Administration’s policy target of 30 percent.

42.      Capital expenditure in 2021 remains focused on the completion of as many ongoing projects as possible, rather than the commencement of new ones. We have also made efforts to ensure equity in the distribution of projects and programmes in the proposed budget. I will be providing the National Assembly a list of some of the most critical projects which we must work collectively to ensure they receive adequate funding. Until projects reach completion, they do not deliver the dividends of democracy that Nigerians rightly deserve.


Highlights of the 2021 Capital Projects

43.      Key capital spending allocations in the 2021 Budget include:

a.          Power: N198 billion (inclusive of N150 billion for the Power Sector Recovery Plan); 

b.          Works and Housing: N404 billion;

c.           Transportation: N256 billion;

d.          Defence: N121 billion;

e.          Agriculture and Rural Development: N110 billion;

f.            Water Resources: N153 billion;

g.          Industry, Trade and Investment: N51 billion;

h.          Education: N127 billion;

i.             Universal Basic Education Commission: N70 billion;

j.             Health: N132 billion;

k.           Zonal Intervention Projects: N100 billion; and

l.             Niger Delta Development Commission: N64 billion.

44.      The Ministry of Agriculture and Rural Development will facilitate the integrated development of its sector by promoting crops’ value chains; as well as providing rural roads, water and sanitation, veterinary and pest controls, grazing, food and strategic reserves, and access to inputs and extension services.


45.      The 157 percent increase in the capital allocation to the health sector is to enhance the capacity to deliver healthcare services through the procurement of equipment, vaccines and other facilities. Two centres of excellence, as well as one Accident and Emergency Centre, will be equipped in Federal Teaching Hospitals in each geopolitical zone.


46.      In addition, numerous Primary Health Care Centres will be equipped and upgraded across the six geopolitical zones. Furthermore, funds have been allocated for the expansion of Midwives Service Scheme in the six geopolitical zones. To enhance occupational safety, funds have been provided for the provision of Personal Protective Equipment for health workers.


47.      The Ministry of Education’s capital allocation has been increased by 65 percent to improve the education of our children. Funds have been provided for the provision of scholarship awards to Nigerian students at home and abroad.


48.      We have provided funds for the upgrade of security and other infrastructural facilities in our Unity Colleges nationwide. To improve access to education, we have made provision for the establishment of five new Federal Science and Technical Colleges. We have also provided for the payment of allowances to 5,000 teachers under the Federal Teachers Scheme.


49.      In line with our commitment to invest in Transportation Infrastructure, capital allocation to the Works and Housing sector is to facilitate the completion of several critical projects in 2021. I have directed the Minister of Finance, Budget and National Planning to provide a detailed breakdown of key infrastructural projects in her subsequent Press Briefing.

50.      Key projects for implementation in the Power sector include several Rural Electrification Projects in the 36 States and Abuja, Rural Electrification Access Programme in Federal Universities, the Kaduna LPFO Gas Fired power Plant, the Mambilla Hydro Power Project and the Zungeru Hydropower Project. 

51.      Provisions have been made for legacy debts owed to local contractors compensation and resettlement of project-affected communities, the Renewable Energy Micro Utility (Solar) project, and the construction of transmission lines and substations nationwide. These project’s implementation is expected to have positive impact on electricity supply nationwide, as well as boost productivity and employment.

52.      Projects to be implemented by the Ministry of Water Resources in 2021 include provision of potable water in the North East, construction of irrigation and dams across the country, and the provision of Water, Sanitation and Hygiene facilities.

53.      The Ministry of Transportation has earmarked funds for projects such as the Lagos-Ibadan-Kano Line, Abuja-Kaduna Line, Port-Harcourt-Maiduguri Line and Itakpe-Ajaokuta-Warri Line. These projects, when completed, will minimize the cost of transporting people and goods around the country.


54.      To maintain the peace in the Niger Delta region for economic and social activities to thrive, the provision of N65 billion for the Presidential Amnesty Programme has been retained in the 2021 Budget. In addition, the sum of N63.51 billion has been appropriated for the Niger Delta Development Commission and N24.27 billion has been provided for the capital projects of the Ministry of Niger Delta Affairs. These allocations should further support the development of the region by facilitating the completion of important ongoing projects, such as the East-West Road.


Government Fiscal Strategy in 2021


55.      The government is already implementing several measures to overcome our fiscal constraints. In addition to the Strategic Revenue Growth Initiatives, we are leveraging technology and automation, as well as more effective monitoring of Independently Generated Revenues. Our efforts are aimed at addressing revenue leakages and redirecting scarce resources to the poor and vulnerable. These efforts include: 

a.          Deregulation of the price of petroleum products;

b.          Ongoing verification exercise with IPPIS; and

c.           Implementation of service-based electricity tariffs.

56.      The new petrol pricing regime has freed up resources that was allocated to subsidise petroleum products. Similarly, the ongoing IPPIS verification exercise has closed gaps that encourage ghost workers or pensioners. The service reflective electricity tariffs will help resolve liquidity crisis in the power sector and make the sector attractive to foreign investment. These reforms have released trillions of Naira for allocation to other priority areas.

57.      Distinguished Senators, Honourable Members, permit me to reiterate that the main thrust of our capital spending programme in 2021 is the completion of as many ongoing projects as possible across the country. Accordingly, we have prioritized projects that can be rapidly completed to benefit our people.

58.      Distinguished Senators and Honourable Members, I note, with satisfaction, your determination to promptly consider and pass the Petroleum Industry Bill into law. The enactment of this Bill will boost confidence and attract further investments into our oil and gas sector, as well as increase  revenues.

59.      I fully understand the difficulties many of our people are going through with the implementation of our reform agenda. However, the measures we are implementing are necessary for sustainable public finance, better allocation of our scarce resources and improved public service delivery. As we implement these reforms, social safety nets will be implemented to cushion the effect of the most vulnerable of our citizens as well as business owners.

60.      In furtherance of our inclusiveness agenda, the sum of N420 billion has been provided to sustain the Social Investment Programme. N20 billion has also been set aside for the Family Homes Fund, our Social Housing Programme. We have expanded our National Social Register, to include an additional one million Nigerians following the onset of Coronavirus. We recently introduced the N75 billion Survival Fund Programme to support and protect businesses from potential vulnerabilities. Furthermore, the Central Bank of Nigeria is reducing the interest rate on its intervention facilities from 9% to 5% with a 1-year moratorium till 31st March 2021, to provide concessional lending of:


 .            N100 billion to households and small businesses;

a.          N100 billion to the healthcare and pharmaceutical industry; and

b.          N1 trillion to large agricultural and manufacturing businesses.

61.      We urge Nigerian businesses and individuals to make the most of these concessional credit facilities and other such opportunities.


 

Conclusion


62.      Mr. Senate President, Mr. Speaker, Distinguished and Honourable Members of the 9th National Assembly; let me use this opportunity to, again, commend your firm commitment towards ensuring a very harmonious and productive relationship with the Executive. It is important to further deepen this relationship in the interest of our people.

63.      As you review the 2021 Budget estimates, we believe the legislative process will be expedited to ensure its prompt passage to sustain the restoration of a predictable January – December fiscal year. In this regard, I have directed all Ministers and Heads of Agencies to be personally available for budget defence. 

64.      Let me re-emphasize that Nigerians expect that the 2021 Budget will contain only implementable and critical projects, which when completed, will significantly address current structural challenges of the economy, improve the business environment and accelerate economic recovery. 

65.      May I conclude my remarks by commending the National Assembly for its support in steering our economy during these very challenging times. We remain committed to sustaining this partnership. We believe that as we work together, we will jointly deliver on our joint mandate to our people.

66.      It is with great pleasure, therefore, that I lay, before this Distinguished Joint Session of the National Assembly, the 2021 Budget Proposals of the Federal Government of Nigeria, for your consideration.

67.      I thank you for your attention.


68.      May God continue to bless the Federal Republic of Nigeria.


FEC Approves $3.02bn For Reconstruction Of Port Harcourt - Maiduguri Railway

 By Creeks News




The Federal Executive Council, FEC, has approved the award of contracts for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri eastern narrow gauge railway, with new branch lines and trans-shipment facilities.

The Minister of Transportation, Rotimi Amaechi, made this known when he briefed State House correspondents on the outcome of the 18th virtual meeting of the Federal Executive Council.

The meeting was presided over by President Muhammadu Buhari at the Council Chamber of the Presidential Villa, Abuja, on Wednesday.

The minister also revealed that the Council approved the construction of a new deep seaport in Bonny, under Private-Public- Partnership, PPP, programme and the construction of a railway Industrial park in Port Harcourt.

“The Federal Executive Council today, approved the award of contract for the rehabilitation and reconstruction of the Port Harcourt to Maiduguri Eastern Narrow Gauge Railway, with new branch lines and trans-shipment facilities.

“It also approved the construction of a deep seaport  in Bonny under PPP and construction of a railway industrial park in Port Harcourt.

“The railway line will be at the cost of $3,020,279,549. The industrial park, which is under PPP, at no cost to federal government, will cost $241,154,389.31.

“The Bonny deep seaport will cost $461,924,369, at no cost to the federal government.

“The Port Harcourt to Maiduguri narrow gauge railway will have new branch lines: from Port Harcourt to Bonny and from Port Harcourt to Owerri are new lines.

“There is another connecting to narrow gauge to standard guage at Kafanchan.

“There is a branch line from Gombe or before Maiduguri to Damaturu and Gashua. That’s what has been approved,’’ he said.


© 2019 Daily Nigeria News 


Monday, October 5, 2020

ONDO 2020: ADC Collapse Party Structure, Join APC

By Creeks News






Less than a week to the governorship election in Ondo state, members and supporters of the African Democratic Congress (ADC) on Saturday joined and collapsed its structures to the ruling All Progressives Congress (APC) in the state.

The defectors from 10 local government areas of the state, were led by the State Chairperson, Chief (Mrs.) Tokunbo Adetoro, who said the decision to collapse their structure into the ruling party was informed by the performance of the governor Rotimi Akeredolu-led government.

Adetoro said they decided to move out of bondage to join hands with Akeredolu and to ensure continuity of the good works in the state.

She called on other progressives minded politicians in the state to join the moving train for the good of the state and the people of the state.

Adetoro promised to work for the success of the APC victory in Saturday’s election, saying Akeredolu deserves a second term.

The new members who included ADC State Women and Youth leaders, who promised to work for the success of the APC in next weekend’s guber poll.

Receiving the new members into the APC fold, State chairman of APC, Engr. Ade Adetimehin commended the people for taking “the right step in the right direction”, and expressed confidence that their association with the APC would further boost the chances of the ruling party at the guber poll.


(Tribune)

Friday, October 2, 2020

JUST IN: Appeal Court Overturn Tribunal, Declare Gov. Douye Diri Winner Of Bayelsa Election

 By Creeks News

                        Gov. Douye Diri




The Appeal Court in Abuja has upheld the November 16, 2019 governorship elections that took place in Bayelsa state.

The court also reaffirmed Senator Douye Diri as legitimate winner of the elections.

The court judgement overturned the nullification of the election by the Bayelsa State election petition tribunal.

The five-man panel of the appellate court held that the tribunal acted outside its jurisdiction in nullifying the governor’s election.

The judgement also upheld that the ANDP did not prove a valid nomination of its candidate to contend an alleged unlawful exclusion.

The case of ANDP was also statute barred having failed to file within 14days as expected.


Apostle Johnson Suleman Release Powerful Prophecy To Presidency In 2023

 

By Creeks News






APOSTLE JOHNSON SULEMAN’S OCTOBER 1 PROPHECY ON 2023


Apostle Suleman said Today that God told him thus:


 "....All those around the corridors of power, planning, scheming and building loyalties might not be around in 2023.........When number 2 becomes number 1......I have done it before and I will do it again”


According to Apostle Suleman, he asked 'God what does this mean?' and he did not receive any response.


Thursday, October 1, 2020

TRCN To Sack All Unqualified Teachers In Nigeria

By Creeks News





THE Nigeria Teachers Registration Council, TRCN, will soon start clamping down on unqualified teachers in national public and private schools.

In an interview with the Nigeria News Agency in Abuja, the Registrar and Chief Executive of the Council, Prof. Josiah Ajiboye, stated this.

He said the council was set to turn to action by visiting schools with plans to fully reopen schools across the country to assess their level of compliance with the TRCN Act.

Ajiboye noted that the change had become appropriate following the Council ‘s continuing commitment to preserve the country’s high level of education.

He lamented that there were still records of many unqualified teachers, despite the grace period given to unqualified teachers across the country to get qualified and registered with the council.

According to him, of over four million teachers in various institutions of learning in the country, only about two million were registered with the council as qualified teachers.

“The mandate of TRCN is about teacher professionalism in public and private schools and National Council on Education has directed that anybody who wants to teach must be qualified and registered with TRCN.

“We have about 2.2 million teachers that are registered with TRCN and the figure is still extremely low because from available statistics, we have about four million teachers in the country.

“That means a large number of them are still not registered. We first of all check if they are qualified before we talk of registration and as such we first carry out monitoring for compliance.

“We started in February before the lock down to check those who are not qualified and what should be done in that regard. Now that the Federal Government is considering all indices for full reopening of schools, we are also set to continue from where we stopped in February.


“TRCN has offices in all the 36 states of the federation and the Federal Capital Territory. So we move round to check compliance,” he said.

The registrar commended efforts made by critical stakeholders, particularly state governors in ensuring that unqualified teachers in their employ got qualified to avoid being laid off.

He, therefore, urged affected teachers to take advantage of such opportunities to get qualified and registered with TRCN or risk being laid off and prosecuted.

“TRCN has the power to remove unqualified teachers. We are the only one that can call anybody a teacher. We are trying to start what is called naming and shaming to send to state governments for them to know the number of teachers that are in their employment list that are not qualified.

“We are calling on all teachers that are not qualified to re-mediate their deficiencies and get qualified. In view of that, state governments are directing teachers to go back to school to get qualified. So, those affected are asked to comply in their best interest.”

Ajiboye, asked teachers who were yet to be registered with the council to take advantage of the next opening for qualifying examination, coming up in November to do the noble or risk sanction. On challenges posed by the COVID-19 pandemic, particularly in the teaching profession, Ajiboye called on teachers to take up courses to improve their skills.

He said besides being qualified and registered with TRCN, teachers must acquire additional skills, particularly in technology assisted learning, to keep them in tune with world standards.

He said with the new normal presented by the COVID-19 pandemic, particularly in area of technology assisted learning, teachers in the country must brace up, to compete favorably with their counterparts in other climes.

According to him, while it may be difficult for technology to replace teachers, with time, technologically advanced teachers will replace those who are not.

He said TRCN was working with relevant stakeholders to assist teachers gain knowledge in that regard.

“So, a 21st century teacher will have to have a good grasp of technology and that is very important especially with the pandemic. It is very clear that face to face teaching will be largely complemented with use of technology. Technology mediated learning is the way to go in today’s world.

“That is why TRCN was emphasizing on the digital literacy training programme for teachers. We started that programme in 2018 as if we knew a thing like this will come. Although the number of teachers we have been able to reach is still negligible.

News Agency of Nigeria reports that TRCN, an agency of the Ministry of Education, has the mandate to regulate and control the teaching profession at all levels of education system in public and private sectors.

Section 1(1)(c) of the TRCN Act, 2004, authorizes the council to regulate and control the teaching profession in all its aspects and ramifications.

The power extends to prohibiting persons who are not registered with the council from practicing the profession.

It also extends to a right to refuse to hire or employ persons who are not registered with the council.


Ebikeme Abanre Felicitate With The Trio Of Mr. Christopher Igere, Hon. Wilson Gege And Mr. Julius Oweipade On The Occasion Of Their Birth Anniversary

 By Keneware Emmanuel


                  Comr Ebikeme Abanre


 Warri................  Renowned Youth leader and Councillorship hopeful in Ward 11 (Desiec Ward 19) Ogulagha Kingdom in Burutu Local Government Area of Delta State, Comr. Ebikeme Abanre has heartily felicitate and congratulates the trio of Mr. Christopher Igere, Hon. Wilson Gege and Mr. Julius Oweipade on the occasion of their birth anniversary.

Creeks News Media reports.


                    Mr. Christopher Igere


   Mr. Christopher Igere and Hon. Wilson Gege hails from Sokebolou community. And the duo are former community chairmen of sokebolou..

Abanre describe them as men of integrity, dignity and leadership quintessentials whose dispensation brought tremendous change and development to the community.


                       Hon. Wilson Gege


 Mr. Julius Oweipade on the other hand, is the current chairman of Obuguru community in  Ogulagha Kingdom.

 Abanre describe him as a servant leader. A workaholic, who always see to the needs of his people.

 Abanre however, wish them well on their birth anniversary. Praying for God's continuous guidance, longevity, sound health and vitality cum all round success in every ramifications.


                 Mr. Julius Oweipade


  The Councillorship hopeful said that their sacrifices and hard work to better the lives of the Ogulagha Kingdom people has truly yielded fruits as they are seen as grassroot mobilizers and leadership role models.

  He also felicitate with all Nigerians as the nation marks her 60th independence celebration. Urging that with unity, oneness, tolerance and good governance we shall surely be great and remain the giant of African.


Independence Prophecy: Osinbajo Will Be Removed Before 2023 - Popular Cleric Declares

By Creeks News

 Prof Yemi Osinbajo, Nigeria Vice President



 

The General Overseer of Our Sanctuary Gospel Church of Nigeria, Bishop Udo Azogu has predicted the likely removal of the Vice President, Prof. Yemi Osinbajo, before the 2023 general elections.

The cleric posted his prediction on Facebook, on Tuesday.

He said that in the event that Osinbajo survives the ouster from office, his office would be rendered redundant.

Bishop Azogu wrote; “Osinbajo may lose his job as VP or his office is rendered completely redundant before 2023”.

The prelate had predicted victory for Pastor Osagie Ize-Iyamu of the All Progressives Congress (APC) in the Edo State governorship poll, which held this month.

He insists that Ize-Iyamu would still be returned winner of the election by the court, even after the Independent National Electoral Commission (INEC) had declared Gov. Godwin Obaseki of the Peoples Democratic Party (PDP) winner of the polls.