FG Okays N2.1trn As 2023 Supplementary Budget

The Federal Government has approved N2.1 trillion to finance the 2023 supplementary budget.

Addressing State House Correpondents shortly after the Federal Executive Council (FEC) on Monday in Abuja, Minister of Budget and Economic Planning, Atiku Bagudu said that the monies would be used to fund urgent national needs.

He noted that the council considered a request for supplementary appropriation which is a second for 2023.

“The FEC graciously approved the sum of N2,176,791,286,033 as supplementary budget and this supplementary budget is to fund urgent issues including N605 billion for national defence and security.

“This is to sustain the gains made in security and to accelerate and these are funds that are needed by the security agencies before the year runs out," he said.

Bagudu hinted that there would be allocations to maintain previous progress recorded on national security and agriculture.

The budget is expected to cover four months of wage awards for Federal Government workers and student loan funds.

“Equally the sum of N210 billion is provided for the payment of wage awards in negotiation with the Nigeria Labour Congress.

“The Federal Government agreed to pay N35,000 each to about 1.5 million employees of the Federal Government for September, October, November and December 2023.

“And that amounts to about N210 billion which has been approved and also N400 billion as cash transfer payments.

“You may recall that the Federal Government secured a $800m loan from the World Bank to pay cash transfers of N25,000 to 15 million households. The $800 million is for two months: October and November. The President graciously approved that an additional month should be funded by the federal government and that is what this N100 billion is for," Bagudu added.

Providing a breakdown of the budget, he disclosed that the Federal Government approved N18 billion to support the Independent National Electoral Commission (INEC) in conducting the Bayelsa, Imo, and Kogi State off-cycle elections next month.

He pointed out that N5.5 billion was provided to fund the takeoff of the student loans board, as well as N8 billion for the take-off grant of new ministries.

The minister noted that the sum of N200 billion was set aside as capital supplementation to deal with urgent requests that were made to Mr President from various parts of the country.

Comments

11- month Unpaid Salaries: FG Returns EHCON To Budget Circle By 2025

BY CHIKA OKEKE, Abuja Stakeholders and Staff of EHCON in a group photograph at the unveiling of EHCON’s Electronic Documentation Management Center (EDMC) in Abuja on Wednesday. The Federal Government has stated that plans are underway to return the staff of Environmental Health Council of Nigeria (EHCON) to budgetary allocation by 2025 and facilitate the payment of 11-month unpaid salaries. Minister of Environment, Alhaji Balarabe Abbas Lawal stated this on Wednesday in Abuja at the unveiling of Environmental Health Council of Nigeria's (EHCON) Electronic Documentation Management Center (EDMC). The centre, which is domiciled at the headquarters of EHCON in the Federal Secretariat, was built by EHCON in partnership with Agro - Climate Resilience in Semi Arid Landscape (ACReSAL) and financed by the World Bank. News Rider reports that the staff of EHCON received their last salary in December 2023, which implied that from January to November 2024, the workforce are y...

EHCON Seals Deal With SEPHON, EPHPAN, WAHEB To Revamp Environmental, Public Health

BY CHIKA OKEKE, Abuja Registrar of Environmental Health Council of Nigeria (EHCON) Dr Yakubu Baba displaying a Memorandum of Understanding (MoU) signed with the Registrar of West African Health Examination Board (WAHEB) Mrs Bola Oladejo in Abuja on Tuesday. In line with global best practices, the Environmental Health Council of Nigeria (EHCON) has sealed deal with strategic professional bodies to revamp environmental and public health issues across the country. They are Society for Environmental and Public Health of Nigeria (SEPHON), Environmental and Public Health Practitioners of Nigeria (EPHPAN), and West African Health Examination Board (WAHEB). Registrar of EHCON, Dr Yakubu Baba stated this on Tuesday at the signing of a Memorandum of Understanding (MoU) with the professional bodies in Abuja. He noted that Environmental Health (EH) is a profession recognised and established by Act 11 of Environmental Health Officers Registration Counc...

EFCC: You Do Not Change A Winning Team

By Iliyasu Gashinbaki Iliyasu Gashinbaki I have read the letter from the former President, Nigeria Bar Association (NBA), Dr. Olisa Agbakoba, SAN, addressed to the Chairmen of the Constitution Review Committee of both chambers of the National Assembly- Deputy Senate President and Deputy Speaker, House of Representatives. I was looking for his prayers to the esteemed lawmakers on clear and unambiguous anomalies he observed in the Establishment Act of the Economic and Financial Crimes Commission (EFCC) that need legislative action in the review exercise. I must confess, I could not find any. Instead, the legal luminary made a sweeping statement that is neither rooted in facts nor verifiable evidence that “I very strongly believe the EFCC is unconstitutionally established. The powers under which it was established go beyond the powers of the National Assembly. The EFCC is an unlawful organisation.” How? I have asked myself repeatedl...

News Rider

Search This Blog