President Muhammadu Buhari on Wednesday presented his proposal for Nigeria’s 2020 budget to a joint session of the National Assembly in Abuja.
The aggregate expenditure he proposed for the Federal Government in 2020 is N10.33 trillion.
The proposal shows that about a quarter of the sum (N2.45 trillion) will be used for debt servicing, while capital expenditure is expected to gulp N2.14 trillion which excludes the capital component of statutory transfers.
A further breakdown presented by the president shows the expenditure estimate includes statutory transfers of N556.7 billion, non-debt recurrent expenditure of N4.88 trillion and provision for Sinking Fund to retire maturing bonds issued to local contractors is N296 billion.
The budget was prepared on the assumption of $57 per barrel with crude oil production of 2.18 million barrels per day and the exchange rate assumed at N305 to $1.
Other assumptions include real GDP growth of 2.93 per cent while “inflation is expected to remain slightly above single digits in 2020.”
The president said the 2020 Appropriation Bill is designed as a budget of:
a. Fiscal consolidation, to strengthen the macroeconomic environment;
b. Investing in critical infrastructure, human capital development and enabling institutions, especially in key job-creating sectors;
c. Incentivising private sector investment essential to complement the Government’s development plans, policies and programmes; and
d. Enhancing social investment programs to further deepen their impact on those marginalised and most vulnerable Nigerians.
The president also presented a Finance Bill for consideration and passage into law.
The sum of N8.155 trillion is estimated as the total Federal Government revenue in 2020 and comprises oil revenue N2.64 trillion, non-oil tax revenues of N1.81 trillion and other revenues of N3.7 trillion. This, the president said, is seven per cent higher than the 2019 comparative estimate of N7.594 trillion inclusive of the Government Owned Enterprises.
He explained that the increasing share of non-oil revenues underscores confidence in his administration’s revenue diversification strategies, going forward.
“Furthermore, in our efforts to enhance transparency and accountability, we shall continue our strict implementation of Treasury Single Account (TSA) to capture the domiciliary accounts in our foreign missions and those linked to Government-Owned Enterprises,” Mr Buhari said.
For statutory transfers, which are the first-line charge, the president said N556.7 billion has been provided for in the budget and it includes:
a. N125 billion for the National Assembly;
b. N110 billion for the Judiciary;
c. N37.83 billion for the North East Development Commission (NEDC);
d. N44.5 billion for the Basic Health Care Provision Fund (BHCPF);
e. N111.79 billion for the Universal Basic Education Commission (UBEC); and
f. N80.88 billion for the Niger Delta Development Commission (NDDC), which is now supervised by the Ministry of Niger Delta Affairs.
Mr Buhari announced the increase of the budgetary allocation to the National Human Rights Commission from N1.5 billion to N2.5 billion. This 67 per cent increase in funding is done to enable the Commission to perform its functions more effectively, he said.
The non-debt recurrent expenditure includes N3.6 trillion for personnel and pension costs, an increase of N620.28 billion over 2019. This increase reflects the new minimum wage as well as our proposals to improve remuneration and welfare of our Police and Armed Forces.
Overhead costs are projected at N426.6 billion in 2020. He said additional provisions were made only for the newly created ministries.
The Speaker of the House of Representative, Femi Gbajabiamila, in his closing remarks, promised speedy consideration of the budget as well as a cordial relationship between the National Assembly and the presidency.
Mamman Daura’s Daughter’s Release of Clip at this Time is Mischievous, Didn’t Share Video Where She Abused the First Lady, Aisha Buhari – Presidency Source
A source within the Presidency has debunked claims made by Fatima, daughter of Mamman Daura who is one of President Buhari’s closest allies on being attacked by First Lady, Aisha Buhari at the Aso Villa, The Nation reports.
Recall that in an interview with BBC, Fatima denied report of her father arranging a second wife for President Buhari. She also denied claims that her dad is allegedly the head of ”a cabal” which controls the Buhari presidency (Aisha Buhari had in the past alleged that some persons have taken control of her husband’s government).
Fatima also revealed that she recorded the viral video of Aisha Buhari screaming at some persons in the Villa in 2017. According to her, she recorded the video to prove that the First Lady was violent to her and her family members after President Buhari asked them to vacate an apartment they were given in the villa after he assumed office in 2015.
However The Nation reported that a Presidential source debunked the claim, alleging that Mamman Daura’s daughter failed to tell the full story on why they were asked to vacate the apartment.
According to the source, the apartment was needed for the then recuperating Yusuf after his Power Bike accident.
She said: “By now the airwaves are awash with Fatima, Mamman Daura’s daughter, consenting to the fact that she indeed shot and leaked the now infamous video clip which showed the wife of the president in a very angry mood.
“The incident happened over a year ago when the wife of the president, on the instructions of the president, asked the Dauras to vacate their living quarters inside the Villa for a sick Yusuf Buhari who was recuperating after an accident.
“For this reason, the quarters were needed and the Dauras were asked to move to another part of the Villa. Long before the accident, Yusuf’s mother had requested in writing for the Dauras to vacate the place because the building is officially designated for the biological children of any serving president.
“The IG of police, DG DSS, NSA and the vice president who was the acting president, were all notified of this request. Despite this, the Dauras deliberately refused to comply with the instructions of the security agencies. Mamman Daura’s daughter, Fatima, did not say this in her interview.
“What really was the intent for the video being released now if not for mischief? Fatima didn’t showcase her part in the drama where the door was locked against the first lady to deny her access to some areas of the Villa, neither did she acknowledge the abuse she first vented before the first lady reacted under the instruction of DG Lawal Daura, who was brought into government by Mamman Daura.”
Brazil/Nigeria Match: Why I Used Okoye Instead of Ezenwa – Rohr
Brazil forced Nigeria to a 1-1 draw in the friendly game played on Sunday.
Speaking after the match, Rohr noted that Ezenwa, who is number two in the pecking order of goalkeepers, has not tasted action since the conclusion of the 2019 Africa Cup of Nations, while Okoye was active for Fortuna Düsseldorf’s reserve team in the Regionalliga West.
“We decided to put in Maduka because Ezenwa didn’t play for months, not even in the CHAN Team,’’ Rohr said in an interview with the Super Eagles Media Team.
“He didn’t have any experience of competition in the last three months so we decided to play with Maduka because he was playing for his club.”
Rohr regretted that Uzoho had to leave the game because of injury, praying the goalkeeper would recover soon.
He added: “Francis had a great match, we regret so much his injury, he will have examinations tomorrow so we will see exactly.
“He is playing again in his club so he can come back with us to play. I hope he will not be out for a long time because we have two important matches to play, against Benin in Nigeria and Lesotho, so we have a lot of work to do.
“He is playing well in his club so he can come back with us. I hope he will not be out for a long time because we have two important matches to play. So, we have a lot of work to do.”
Uzoho, who was impressive in the game left the pitch in the 65th minute as a result of the injury.
The Omonia Nicosia goalkeeper is now a doubt for next month’s 2021 Africa Cup of Nations qualifiers against Benin and Lesotho.
The German was impressed with the general performance of his players, saying, ‘they caused many problems for Brazil.’
Rohr lauded his team’s fighting spirit and solidarity for the duration, despite Brazil leveling in the second half through midfielder Casemiro.
The 66-year-old insisted the Eagles gave their more flamboyant opponents “problems” despite conceding possession to the South Americans.
“The team did very well, big solidarity, because Brazil wanted to win the game,” Rohr added.
“They scored very early in the second half and when they scored we had another 44 minutes to play, so, it was really not easy but with a lot of solidarity, fighting spirit and also counter attacks especially our wingers; they were very strong today, and we gave them problems.”
Customs Places Indefinite Ban on Exports, Imports Through Land Borders
The Nigeria Customs Service on Monday announced an indefinite ban on importation and exportation of goods through the land borders.
Comptroller-General, NCS, Col. Hameed Ali (retd), who stated this at a press conference in Abuja, also said Niger Republic had placed a ban on export of rice to Nigeria as a result of Nigeria’s border closure.
This came as the Nigeria Immigration Service said it had stopped 1,111 foreigners from entering Nigeria since August 20, 2019 when the country’s land borders were partially closed.
Ali said, “For now, all goods, whether illicit or non-illicit, are banned from going and coming into Nigeria. Let me add that for the avoidance of doubt, we have included all goods because all goods can equally come through our seaports.
“For that reason, we have deemed it necessary for now that importers of such goods should go through our controlled boarders where we have scanners to verify the goods and how healthy they are to our people.”
The closure of borders is being enforced by the NCS and NIS, in collaboration with the Nigerian armed forces and the Nigeria Police Force. It is being coordinated by the Office of the National Security Adviser.
Ali said the aim of the exercise was to better secure Nigeria’s borders, address trans-border security concerns and strengthen the economy.
The customs boss said it was disturbing that some neighbouring countries were circumventing the ECOWAS protocol on transit.
He said, “For clarity, the ECOWAS protocol on transit demands that when a transit container berths at a seaport, the receiving country is mandated to escort same without tampering with the seal to the border of the destination country.
“Unfortunately, experience has shown that our neighbours do not comply with this protocol. Rather, they break the seals of containers at their ports and trans-load goods destined for Nigeria.”
Ali said the closure of the borders had curbed the smuggling of foreign rice into Nigeria and addressed the diversion of petroleum products from Nigeria to neighbouring countries.
According to him, 10.2 million litres of petrol had been stopped from being diverted out of the country since the borders were closed, while producers of local food were making increased earnings.
On security, the customs boss stated that so far, 317 suspected smugglers and 146 illegal migrants had been arrested.
He said, “Also, some items seized are 21,071 pieces of 50kg bags of parboiled foreign rice; 190 vehicles; 891 drums filled with petrol; 2,665 jerry cans of vegetable oil; 66,000 litre-tanker of vegetable oil; 133 motorcycles; 70 jerry cans of petrol and 131 bags of NPK fertiliser used for making explosives. The estimated monetary value of the intercepted items is about N1.43bn.”
He explained that 95 per cent of illicit drugs and weapons used for acts of terrorism and kidnapping in Nigeria came through the porous borders.
He said following the closure of Nigeria’s borders, “Niger Republic has already circulated an order banning exportation of rice in any form to Nigeria.”
According to him, no date has been fixed to reopen the borders, adding that Nigeria will only end closure when its neighbours have fully complied with the Economic Community of West African States Protocol on Transit.
He said, “The government, through diplomatic channels, will continue to engage our neighbours to agree to comply with ECOWAS protocol on transit.
“Goods that are on the prohibition list in Nigeria, such as rice, used clothing, poultry products and vegetable oil should not be exported to the country.