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Senate Approves 2019 Expenditure Framework, Fiscal Strategy

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The Senate on Tuesday, passed the 2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

The MTEF and FSP are documents that provide the framework of designing a budget as enshrined in section 11 (3)of the Fiscal Responsibility Act, 2007.

President Muhammadu Buhari had on November 6, 2018, sent a letter to the National Assembly detailing the provisions of the two documents.

In it, he made proposals for budget deficit, crude oil benchmark price, exchange rate, among others.

The Chairman Senate committee on Finance, John Enoh who presented said the committee maintained the daily production output of crude oil at 2.3 million barrel per day, USD $60.0/6 as crude oil benchmark price, N305/1US$ as the exchange rate and N500 billion as special intervention fund – as proposed by the president.

On crude oil production, the committee advised that target be achievable due to the “continuous effort of all stakeholders in checkmating the issues of oil facilities vandalism and other vices associated with such regard.”

The committee, however, reduced the proposal for the budget deficit largely financed by borrowing from N1.86 trillion to N1.64 trillion.

It was recommended that the Central Bank of Nigeria continue to adopt strategies on exchange rate that will aid in the “strengthening of the Naira and bridging the gap between the official and parallel market rate of the foreign exchange.”

The committee also urged relevant agencies to continue exploring way of generating additional revenues to bring down the fiscal deficit.

Other suggestions from the committees asked that “the Federal Government should harness the full optimal potential of the Federal Ministry of Mines and Steel Development in terms of Revenue Generation to minimise the level of borrowing.

“The Federal Government should consider reducing the granting waivers and exemptions while ensuring that the Nigerian Customs Service personnel are at all oil terminals for accountability and the Federal Inland Revenue Service (FIRS) should consider increasing Tax on luxury goods and services.

“Twenty per cent operating surplus to be remitted by Government owned Enterprises should be deducted at source.”

The Senate’s approval comes weeks after Minister of Budget and National Planning, Udoma Udoma, appeared before the Senate to explain why the federal government made slight adjustments on the 2019 MTEF/FSP approved by the Executive Council of the Federation.

He said the adjustment was to accommodate some ‘unanticipated expenditure items’ in the 2019 budget proposals and the adjustments only affected the projected expenditure.

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Buhari Approves Suspension of Ex-EFCC Acting Chairman, Magu

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Nigeria’s President Muhammadu Buhari has approved the suspension of the boss of the country’s anti-graft agency, Ibrahim Magu days after he appeared at an investigative panel.

The Nigerian Government said Magu’s suspension is to “allow for unhindered inquiry” by the panel investigating allegations of corruption against the acting chairman of the Economic and Financial Crimes Commission (EFCC).

“EFCC Director of Operations, Mohammed Umar, should take charge and oversee the activities of the Commission pending the conclusion of the ongoing investigation and further directives in that regards,” Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations in the Office of the Attorney-General of the Federation and Minister of Justice, said in a statement on Friday.

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COVID-19: Fresh Lockdown Likely After Two Weeks – PTF

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The Presidential Task Force on COVID-19 on Monday lamented the increasing rate of COVID-19 cases among people in government, saying it was directly impacting on governance and security in the country.

The PTF Chairman and Secretary to the Government of the Federation, Boss Mustapha, who stated this at the task force press briefing in Abuja, also said the possibility of ordering a fresh total lockdown to curtail further spread of the virus could not be ruled out.

The SGF, who advised prominent Nigerians to take COVID-19 protocols seriously, said the virus does not respect status.

Mustapha’s warning came amid rising cases of COVID-19 among state governors and other prominent Nigerians.  Recently state governors, including David Umahi of Ebonyi, Ifeanyi Okowa of Delta and their Ondo State counterpart, Rotimi  Akeredolu, contracted the virus.

Warning people in authority, the SGF said,  “Of recent, we have witnessed a high rate of positive cases especially among people in authority. This has a direct impact on governance and security of our nation. We urge that vigilance and care should be exhibited by all Nigerians, irrespective of status. This virus does not discriminate and the PTF shall keep sustaining its sensitisation messaging.”

When asked if the task force would be considering a fresh lockdown in the face of what it observed as disregard for guidelines, Mustapha said events of coming weeks would determine the next line of action.

He said, “We will not speculate on what will happen in future but we will protect the lives of Nigerians.

“To achieve that, if it means to lock down again, we will not shy away from that responsibility. We will recommend to the President who will look at the report and take a decision on our recommendation. What happens in the next two three weeks will determine what we will do.”

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Cross River Finally Joins the Fray As Nigeria Records 575 New COVID-19 Cases

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The Nigeria Centre for Disease Control (NCDC) has announced 575 new cases of COVID-19, bringing the total number of confirmed cases in the country to 29,286.

Nine deaths were recorded from the virus on Monday bringing the total number of confirmed deaths from the virus to 654.

There was an increase in the number of confirmed cases reported Monday compared to what was reported on Sunday (544).

The health agency in a tweet Monday night said the 575 new cases were reported in 20 states including Lagos, Federal Capital Territory ( FCT), Delta, Edo, Ogun, Katsina, Bayelsa, Rivers, Borno, Plateau, Ondo, Oyo, Kwara, Osun, Enugu, Nasarawa, Abia, Cross River, Kaduna and Ekiti.

All the reporting states already had at least a case of the virus.

As of the time of reporting, all 36 states and the FCT have recorded at least a case of the disease.

NCDC has officially recorded the confirmed cases reported in Cross River, after days of controversies on the cases.

Lagos remains the epicentre for the disease in the country while Zamfara has not reported any new confirmed case in the past 48 days.

“Till date, 29, 286 cases have been confirmed, 11, 828 cases have been discharged and 654 deaths have been recorded in 36 states and the Federal Capital Territory,” the NCDC stated.

The 575 new cases were reported from 20 states: Lagos – 123, FCT – 100, Delta – 58, Edo – 52, Ogun – 42, Katsina – 24, Bayelsa – 23, Rivers – 22, Borno – 19, Plateau – 18, Ondo – 18, Oyo – 17, Kwara – 15, Osun – 13, Enugu – 9, Nasarawa – 7, Abia – 6, Cross River – 5, Kaduna – 3 and Ekiti – 1.

Since the first case of COVID-19 was recorded in Nigeria in February, NCDC said, 152,952 samples have been tested.

As of the time of reporting, there are 16,804 active cases of COVID-19 in the country, while 11,828 have recovered and have been discharged.

A breakdown of the 29,286 confirmed cases shows that Lagos State has so far reported 11, 367 cases, followed by FCT – 2,281, Oyo – 1,530, Edo – 1,435, Delta – 1,285, Kano – 1,268, Rivers – 1,205, Ogun – 1,047, Kaduna – 868, Katsina – 628, Borno – 574, Gombe – 520, Bauchi – 518, Ebonyi – 503, Ondo – 474, Plateau – 454, Abia – 391, Enugu – 381, Imo – 352, Jigawa – 318, Kwara – 284, Bayelsa – 268, Nasarawa – 232, Osun – 178, Sokoto – 153, Niger – 122, Akwa Ibom – 112, Adamawa – 99, Benue – 97, Kebbi – 84, Zamfara – 76, Anambra – 73, Yobe – 61, Ekiti – 45, Taraba- 22, Kogi – 5, and Cross River – 5.

While confirmed cases of the virus have continued to increase in the country, the Minister of Health, Osagie Ehanire, said the government is trying to boost overall COVID-19 sample collection, by preparing all public and private hospitals nationwide to become collection hospitals sites.

This, he said will require working with state governments to identify the facilities and the space within them, to conduct training for the personnel selected and supply both PPEs and sample collection kits, as well as the logistics to go around to recover test samples.

“If logistics around sample collection and delivery to test sites are better organised, a lot more will be achieved.

“However, the more we test, the more confirmed cases we shall find, of which the vulnerable will have to be prioritised for admission to treatment centres, even if they are not yet showing symptoms,” he added.

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