Headlines
No One Travels Until Closure of Budget 2020 Defence, Buhari Rules
President Muhammadu Buhari has placed a temporary ban on foreign travels by all members of his cabinet and other government officials.
The new directive was announced Friday evening by Willie Bassey, the director of information in the office of the Secretary to the Government of the Federation.
“Sequel to the presentation of the 2020 Appropriation Bill by Mr President to the National Assembly, President Muhammadu Buhari has directed the immediate suspension of international travels by all Cabinet Members and Heads of Government Agencies so as to enable Honourable Ministers personally lead the process of Budget defence at the National Assembly,” the statement said.
“The suspension of such travels will enable functionaries and agencies of the Executive Arm to provide the required cooperation with the Legislature in order to ensure timely passage of the Appropriation Bill.
“Honourable Ministers who have already secured approval to travel are by this directive, required to revalidate such approvals with Mr President after confirming the Schedule of Appearances with the relevant committees of the National Assembly.
“Furthermore, all Ministries, Departments and Agencies (MDAs) have been directed to liaise with the relevant committees of the National Assembly for their Schedules of Budget defence.”
President Buhari had on Tuesday presented the year 2020 N10.33 trillion budget proposal to a joint session of the National Assembly.
The President said the early presentation of the financial estimate to the National Assembly was to enable the country to return to the January-December budget cycle.
Shortly after the presentation of the budget, the Senate gave October 31 as the deadline for all government agencies to defend their budget estimates to enable the passage of the document in December.
The President of the Senate, Ahmad Lawan, said all Ministries, Departments and Agencies(MDAs) should appear before the Committees for the defence of their Budget estimates without delay.
On Friday, Mr Lawan reiterated that position, saying the National Assembly would not allow Ministers or Heads of Ministries, Departments and Agencies of government to frustrate it from passing the budget by December.
“The National Assembly will do the right thing; which is to work on the budget and pass it,” Mr Lawan said at the unveiling of the Legislative Agenda of the House of Representatives.
“We will not allow anyone to frustrate our desire to pass the 2020 Budget before the end of this year. So, it is an opportunity for all those concerned with defending their budgets, to take the advantage,” Mr Lawan said.
The Senate President has been consistent in his desire to reverse the current unpredictable financial year to a more predictable January to December cycle of budgeting.
To achieve what some people consider a tall order, the leadership of the ninth National Assembly has repeatedly warned government officials to take advantage of the opportunity to defend their budget estimates on schedule.
Mr Lawan, who is also the Chairman of the National Assembly, said: “one thing that we have collectively decided in the National Assembly, is to pass the budget 2020 before the end of the year.
“Already, the House has suspended plenary; the Senate will do same on Tuesday next week for the consideration of budget defence by Ministries, Departments and Agencies of government.
“Only the window of October is available for budget defence. Any Minister or Head of Agency who decides to travel out of Nigeria, without defending his or her respective budget would have no opportunity to do so.”
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US President Donald Trump has signed a federal spending bill, officially ending the longest government shutdown in American history.
The legislation, passed by the House of Representatives in a 222–209 vote, followed narrow approval in the Senate just two days earlier. The bill restores funding to federal agencies after 43 days of closure, bringing relief to millions of government employees and citizens affected by halted services.
Speaking after signing the measure on Wednesday night, Trump described the deal as a political victory, asserting that Democrats unnecessarily prolonged the shutdown.
“They didn’t want to do it the easy way. They had to do it the hard way, and they look very bad,” he said.
The temporary funding bill maintains government operations only through 30 January, creating a new deadline for lawmakers to negotiate a long-term budget solution.
As part of the agreement, Senate leaders committed to an early December vote on Obamacare subsidies, a key priority for Democrats during the shutdown standoff.
In addition to reopening federal offices, the bill provides full-year funding for the Department of Agriculture, military construction projects, and several legislative branch offices.
It also ensures retroactive pay for federal workers affected by the shutdown and allocates funding to the Supplemental Nutrition Assistance Program, SNAP, which helps about one in eight Americans access food.
The shutdown, which began in October, forced the suspension of many government services, leaving an estimated 1.4 million federal employees either furloughed or working without pay. It also disrupted food assistance programmes and caused widespread delays in domestic air travel.
With federal operations now resumed, attention in Washington has turned to whether Congress and the White House can reach a longer-term funding agreement before the new deadline at the end of January.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Thursday, announced discontinuation of the planned 15 per cent duty on imported petroleum products.
NMDPRA’s Director, Public Affairs Department, George Ene-Ita, conveyed the development in a statement while warning the public to shun panic buying.
President Bola Tinubu, on October 29, approved an import tariff on petrol and diesel, a policy expected to raise the landing cost of imported fuel.
The President’s approval was conveyed in a letter signed by his Private Secretary, Damilotun Aderemi, following a proposal submitted by the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.
The proposal sought the application of a 15 per cent duty on the cost, insurance, and freight value of imported petrol and diesel to align import costs with domestic market realities.
Implementation was slated to take effect on November 21, 2025.
The policy aimed to protect and promote local refineries like the Dangote Refinery and modular plants by making imported fuel more expensive.
While intended to boost local production, it is also expected to increase fuel costs, which could lead to higher inflation and transportation prices for consumers.
Experts have argued that the move could translate into higher pump prices for consumers, with some estimating an increase of up to N150 per litre or more.
In an update, however, NMDPRA said the government was no longer considering going ahead with implementing the petrol import duty.
“It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in View,” the statement read in part.
Meanwhile, the NMDPRA also assured all that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold, during this peak demand period.
“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.
“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.
“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security,” the statement added.
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.
The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.
The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.
This expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).
In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.
President Tinubu had on November 4th requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.
The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.
