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Senate Justifies N125bn NASS Budget, Says Its Reward for Hardwork

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The Senate has justified the N125 billion proposed by President Muhammadu Buhari as the National Assembly budget for the 2020 fiscal year.

“The National Assembly has a lot of staff to take care of in both chambers. The number of committees is large too because of the volume of work. So, there is no way we can operate with a small budget,” said spokesman of the Senate, Adedayo Adeyeye, in an interview with The Guardian.

His comment came as Italy’s parliament voted to cut down the number of legislators in both houses. While the Senate will now have 200 lawmakers from 315, the chamber of deputies will have 400 as against 630.

“The bulk of this money is spent on issues that promote legislative operations. Unfortunately, many people believe that legislators take the largest chunk of the money. Our salaries are open for public scrutiny,” Adeyeye said.

“The truth is: it is either we want to have a working and effective National Assembly that is properly funded or we do not. Running the system in the National Assembly is very expensive.”

The spokesman, however, failed to provide details on how the N125 billion would be spent, declaring that he was yet to get the specifics.

The National Assembly has in the past come under intense criticism over its failure to release the details of its budget.

Also, the Senate has reintroduced a bill seeking to establish the National Assembly Budget and Research Office (NABRO).

The Eighth Senate passed the bill on May 3, 2019. Buhari, however, did not assent to it. The proposed office, among other functions, will report yearly to the Senate and House of Representatives all items funded in the preceding financial year for which no appropriation was made by the National Assembly, and all items contained in the Appropriation Act in the preceding financial year but which were not funded by the Federal Government.

Lawmakers, meanwhile, continued debate on the 2020 budget yesterday with Senator Emmanuel Bwacha saying the document does not reflect Nigeria’s readiness to diversify its economy. He also accused his colleagues of being insincere in their handling of the budget.

“I’m saying this because, since 1999, budget implementation has not reached 70 per cent. This is very worrisome. We are discussing the 2020 budget estimates. Is it fair to say that we have a 2019 budget, which has not been implemented? As we speak now, nothing has been done. We have the 2019 Appropriation Act and we are discussing the 2020 budget proposal.

“Oversight functions have become a ritual. We have to take it seriously as a parliament. We refused to address this aspect of our shortcomings. We are only prepared to speak from both sides of our mouths. We need to walk the talk if we really want to achieve significant growth in our economy,” he said.

Senator Christopher Ekpeyong said the planned increase in VAT was incompatible with the budget. He explained: “If you increase the VAT to 7.5 per cent today for an investor or a contractor, he will pay educational tax of one per cent, he will pay ITF of one per cent, he will pay NITTF of one per cent, and some times, he goes behind to pay some percentage to the ruling party.

“These taxes are not mentioned. What is the result of the product the man will sell? For that reason, I am not in support of the VAT increase because already the VAT not mentioned is over 9 per cent and if you now add this to this, you will be having 10.5 per cent as VAT in the country.”

Similarly, the vice-chairman, Senate Committee on Tertiary Institutions and TETFund, Ojang Sandy Onor, described Buhari’s attribution of low receipts in VAT to the general election as a cover-up. According to him, the real reason is that the economy is not performing well.

He said: ‘If yesterday when VAT was five per cent we experienced lower levels of economic activities, today that VAT is 7.5 per cent, we risk not having economic activities at all, and the consequences are dangerous.”

But Senator Ajibola Basiru who seemed to support the proposal gave the reason for the lack of full implementation of the 2019 budget. “The budget was not fully implemented because it was passed and signed into law towards the end of the Eighth National Assembly. What struck me is that the revenue projections and infrastructure show a 70 per cent deficit in the 2019 budget, and in 2020, it has already been highlighted that N2.18 trillion will be the proposed deficit,’’ he stated.

“People are looking at the allocation to key sectors and the revenue to fund the projects. For instance, when you talk of the N256 billion being allocated to Works, I have it on good authority that what is even required to take care of the outstanding in the Ministry of Works and Housing is in excess of N500 billion. Yet, many people are hailing the N256 billion allocated for Works, describing it as huge. We should also be looking at the aspect of progressive taxation.”

The Guardian

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Atiku Raises Alarm over ‘Mysterious’ Credit into Private Bank Account

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Former Vice President and African Democratic Congress (ADC) Presidential Candidate, Atiku Abubakar, has raised concerns over what he described as a suspicious and unauthorised payment into one of his private bank accounts.

In a statement issued on Friday by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said the transfer originated from an individual or entity unknown to him and carried the narration, “Contribution Electioneering Campaign.”

According to the statement, neither Atiku nor his campaign solicited, authorised or had any knowledge of the payment.

The former Vice President said the account was strictly private and its details were not in the public domain, raising concerns about how the information could have been obtained.

“How did unknown persons obtain the confidential banking details of a private citizen?”

Atiku said the incident raised broader concerns about the security of Nigerians’ financial information, particularly if the private banking details of a former Vice President and presidential candidate could allegedly be accessed without his consent.

“If the private banking information of a former Vice President and a leading presidential candidate can be accessed and deployed for reasons yet unknown, then no Nigerian’s financial privacy is safe.”

He further expressed concern that the alleged disclosure could have involved individuals with privileged access to confidential information.

According to him, if such access is established, it could expose account holders to criminal elements, including kidnappers, terrorists, bandits and fraudsters.

The former Vice President also called the attention of Nigerians and security agencies to the incident, describing it as part of what he termed a series of “suspicious activities” ahead of the 2027 general elections.

“We therefore put the Nigerian public and the security agencies on notice about this latest incident in a litany of suspicious activities leading up to next year’s general elections.”

Atiku also alleged that the incident could be part of an attempt to damage his reputation as political activities intensify ahead of the elections.

He urged Nigerians not to be distracted by what he described as “tired tactics” aimed at character assassination.

“Such desperate antics have failed before and will fail again.”

The ADC presidential candidate said he remained focused on his political agenda and his stated commitment to providing solutions to the country’s challenges.

“The Waziri Adamawa remains focused on offering Nigerians credible leadership and practical solutions to the nation’s challenges.”

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VP Shettima Embarks on Two-Week Leave

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Vice President Kashim Shettima is schedule to begin a two-week leave this Thursday following the approval of President Bola Ahmed Tinubu. This is the Vice President’s first official leave since assuming office on May 29, 2023, according to a statement by the Senior Special Assistant to The President on Media & Communications (Office of The Vice President), Mr. Stanley Nkwocha.

The statement highlighted that during the period of the leave, the Vice President will devote time to study, reflection and intellectual renewal as part of efforts to strengthen his capacity for continued service to the nation.

The leave offers Senator Shettima an opportunity to review the administration’s ongoing programmes, deepen his understanding of emerging national and global policy issues, and prepare for the responsibilities ahead as the Federal Government intensifies the implementation of the Renewed Hope Agenda.

Since assuming office on May 29, 2023, the Vice President has remained actively engaged in the coordination and supervision of several strategic government initiatives, particularly in economic development, food security, humanitarian affairs, digital transformation, job creation and regional cooperation.

He has also chaired the National Economic Council, which brings together the governors of the 36 states, the Governor of the Central Bank of Nigeria and other relevant public officials to deliberate on policies affecting the economy and the welfare of Nigerians.

Beyond his responsibilities within the country, Vice President Shettima has represented President Tinubu at major international and regional engagements, advancing Nigeria’s position on economic integration, peace and security, climate action, investment and sustainable development.

Senator Shettima remains deeply committed to the ideals of loyalty, duty and service that have defined his role in the administration, as well as to supporting President Tinubu’s efforts to build a more secure, productive and prosperous Nigeria.

The Vice President will return to office at the end of the two-week leave period and resume his official responsibilities with renewed energy and dedication to the service of the nation.

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Tinubu Approves Fresh Salary Increase for Military

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President Bola Tinubu has approved salary increases of between 30 and 80 per cent for personnel of the Nigerian Armed Forces, with about 250,000 officers and men set to benefit from the enhanced remuneration package aimed at boosting troop welfare and morale.

The new salary structure, which takes effect from September 1, will see officers above the rank of Colonel receive a 30 per cent salary increase, while personnel from the rank of Colonel down to Warrant Officer will enjoy a 50 per cent increment. Soldiers from the rank of Private to Staff Sergeant will receive the highest increase of 80 per cent.

The approval will raise the annual salary bill for the Armed Forces from N660 billion to N924 billion.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the salary review underscores the Tinubu administration’s commitment to improving the welfare of military personnel in recognition of their sacrifices in safeguarding the country.

The President noted that members of the Armed Forces have continued to display courage and dedication in confronting banditry, kidnapping, terrorism and other security threats across the country.

“The men and women who help to keep us safe in our homes must be supported and appreciated in the course of their duties to our nation,” Tinubu said.

He assured that his administration would continue to prioritise troop welfare while strengthening the operational capacity of the military through improved equipment and technology.

“Our administration will continue to prioritise troop welfare and modernise the armed forces by providing the weapons and technological tools needed to discharge their duties,” the President stated.

Tinubu stressed that security remains central to national development, saying no country can attain sustainable progress without guaranteeing the safety of its citizens.

“Our administration believes that no nation can achieve greatness without security. We therefore remain resolute in mobilising all military and law enforcement assets to eliminate security threats and protect the lives and property of all Nigerians,” he said.

The President urged military personnel to see the enhanced remuneration as a demonstration of the nation’s appreciation for their service and commitment.

“I urge our servicemen to take our gesture as a sign of our deep appreciation of the services they render to our fatherland. Together we shall prevail over the enemies intent on destroying the fabric of our nation,” Tinubu added.

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