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Budget 2024: Get going, Tinubu orders MDAs *Mute on N1.2million NASS hike

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Avoiding the road travelled by his predecessors, who usually kicked at the retouching of budget proposals in the past, on the grounds that the content is a sole function of the executive rather than the legislature, President Bola Tinubu, himself a former Senator, went ahead to sign the 2024 federal budget on Monday, regardless of the N1.2trillion injected on it by the National Assembly.

At the event, which took place at the Presidential Villa in Abuja Tinubu, who had earlier promised Nigerians a lot of goodies in his New Year nationwide broadcast, ordered all the Ministries, Departments and Agencies of the Federal Government to roll their sleeves and get to work in order to meet the expectation.

The President, who had arrived his office on the same day after spending the previous week on vacation in Lagos, signed the N28.7trillion budget document that had been previously passed by the National Assembly just hours after, in the presence of the NASS leadership and other critical government officials.

Apparently on all fours with the lawmakers over the injection of the N1.2trillion, more than what he suggested to the National Assembly during a joint session on November 29, 2023, Tinubu, also acknowledged the deficit of N9.18 trillion contained in the budget, which he said was lower than the N13.78tn deficit recorded in 2023 which represents 6.11 per cent of GDP.

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His words: “The deficit will be financed by new borrowings totalling N7.83tn, N298.49BN from Privatisation Proceeds and N1.05 trillion drawdown on multilateral and bilateral loans secured for specific development projects,” while emphasising the need to maintain the January-December implementation cycle saying “Our goal is to ensure that the Appropriation Act comes into effect on January 1, 2024.”

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On Friday, December 29, 2023, the Senate increased the 2024 budget by N1.2tn, moving the budget from N27.5tn to N28.7tn.

According to the report submitted by the Appropriation Committee led by Senator Solomon Adeola, aggregate expenditure was pegged at N28,777,404.073.861; statutory transfers at N1,742,786,788,150; recurrent expenditure at N8,768.5330,852; capital expenditure at N9,995,143,298,028 and GDP at 3.88 per cent.

“All MDA’s have been directed to take responsibility and provide monthly Budget Performance Reports to the Ministry of Budget and Economic Planning, which in turn shall ensure the veracity of such. The Minister of Finance and Co-ordinating Minister of the Economy shall hold regular reviews with the Economic Management Team, and, in addition, I shall Chair periodic Economic Coordination Council meetings,” he said

The top priorities of the 2024 budget of N28.7 trillion are defence and internal security, job creation, macroeconomic stability, improved investment environment, human capital development, poverty reduction, and social security.

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The President emphasised that his commitment to enhance investment promotion while creating a rules-based society that favours no individual over the law begins with important reforms in the Nigerian judiciary, the funding for which is captured in the 2024 Appropriation Act.
“Funding the judiciary is a major element in our effort to support a just, rules-based society. Statutory transfer to the Judiciary has been increased from 165 billion naira to 342 billion naira,” the President said.

Some of the key estimates in the budget signed in the presence of President of the Senate, Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas, included capital expenditure of N10 trillion; recurrent expenditure of N8.8 trillion; debt service of N8.2 trillion, and statutory transfers of N1.7 trillion,.

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Other senior government officials present at the brief ceremony include: Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Chief of Staff to the President, Femi Gbajabiamila; Minister of Budget and Economic Planning, Senator Atiku Bagudu, and National Security Adviser, Nuhu Ribadu.

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I’m ready to face the bullet – Utomi *Weak, horrible politicians, killing Nigeria

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I’m willing to go to the firing squad if it will stop the mess in Nigeria. I assure you, I’m willing to do that,” were the words with which Pat Utomi, Nigeria’s foremost political economist stretched the extent of his desire to help Nigeria recover itself from the current parlous situation it has found itself in recent years.

A guest of Politics Today, a current affairs programme on Channels Television, Utomi, told his host, on Wednesday that he was doing everything, including bringing together a coalition of Nigerians in the Diasporas to help in the task of redeeming the country today.

Arguing that Nigeria still had one of the highest human and natural resources in the world, he said Nigeria’s problem remained that of poor leadership, adding for instance that instead of harnessing potentials of the diversity of the country, those on the driving seat, were more interested in dividing the country.

Hear him: “We have converted what we have as our greatest strength into our weakness, which is our diversity. You take that diversity and look at our selling culture from different parts of Nigeria, what that means. Nigeria has a huge strength in its diversity, but weak, horrible politicians have chosen to exploit it in a manner where emotions have trumped reasons and the gap between we and them is widening everyday.

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“If you look at the American melting pot, why don’t they say, you’re a Korean, you’re a Vietnamese, you’re an Italian-American, you’re Irish-American? Because those who led America, its founding fathers, had such great vision, and wrote one of the greatest constitutions in human history and built institutions that allowed that melting pot culture to enable America become almost the greatest people on the planet. I think leadership can help to turn this around.

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Dwelling on how poor leadership had aided in stunting Nigeria’s development, Utomi, who claimed to have been integrated into national politics at the age of 27, because of how passionate and vocal he became over national issues even at that young age, blamed Nigerian youths for not expressing the same zeal in taking their country back.

Instead, he accused them of complicity, by becoming complacent while the older generation remained at the driving seat of national affairs and controlling their emotions at the same time, adding that the value system must change in which the future must matter to people than the immediate gains.

Hear him: “Ultimately, values shape human progress. When we have values and people of character and commitment to service are in positions of public authority, our country will turn around. We have the ingredients, the human capital that it takes to show the way.”

“The biggest challenge we have is that culture is in collapse in Nigeria, values shape human progress. How do we get a values revolution? Institutions are critical for human progress if we can commit to building stronger institutions that push back on people who do not do right and the rule of law is fully in place.

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“Look at our judiciary, it is a laughing stock – no country can make real progress without a judiciary that you can rely on. Look at our other institutions whether it is INEC or others, they are weak.

“How do we ensure that we have strong institutions and that we have values that really ensure that character matters and that people of character can show a light? We can do it, I am absolutely confident because I have seen it happen in human history.”

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Corruption cancer: How we recovered N13billion in September alone – ICPC

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“Over the past year, the ICPC has made significant progress in discharging its mandate; for example, we recovered over ₦13 billion in diverted public funds in September 2024 alone. This is just one of the many ways we have worked tirelessly to fulfil our mandate.”

These were the words with which Musa Aliyu, Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), summed up the immensity of the work the anti-graft agency has been doing in the country towards dealing with official graft in the Nigerian system.

Though he was not definite on those involved in the various scams from which the moneys were recovered from Aliyu, who made the disclosure during the launch of the commission’s 2024-2028 strategic action plan in Abuja on Wednesday, emphasised that the feat resulted from the relentlessness of the agency towards fulfilling its mandate.

It was also a day the ICPC boss disclosed the body’s new focus on digitalising its operations, which he said will position it as a leader in leveraging technology to combat corruption, adding: “We are also embarking on ICT reforms that will digitalise our operations and enable more efficient investigations, case management, and internal processes.

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“This transformation will position the Commission as a leader in leveraging technology to combat corruption, keeping us one step ahead of criminal activities in the digital age. The commission is developing a specialised curriculum aimed at enhancing the enforcement capacity of its personnel.

“This initiative equips our officers with the skills and expertise needed to address the complexities of corruption cases with the highest standards of professionalism and efficiency.

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“Additionally, we are decentralising the anti-corruption effort by empowering state governments through the mobilisation of State Attorneys General. This approach ensures that state governments are equipped with the tools, knowledge, and resources necessary to effectively combat corruption at the local level.

“Because we believe prevention is better than cure, we have intensified efforts to identify institutional and administrative vulnerabilities through System Studies and Corruption Risk Assessments. We have also continued to engage with the Anti-Corruption and Transparency Units (ACTUs) in Ministries, Departments, and Agencies (MDAs), reinforcing our grassroots monitoring mechanisms.”

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TRAGEDY: Another man takes his life over hardship in Nigeria *Police dig in

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Operatives of the Ogun State Police Command are combing around to ascertain whether Abayomi Oshoke, a 45-year-old, a resident of Mango Oke-Ata, actually took his own life because he could no longer continue with the present hardship in Nigeria or there are other factors to it.

This was after confirming the incident, which reportedly took place around 6:00am on September in the suburb of Abeokuta, the state capital, through Omolola Odutola, the command’s spokesman, on Tuesday.

Odutola, who confirmed that the deceased consumed an insecticide to end it all due to the hardship he was allegedly facing, explained that his sister, identified as Funmilayo, reported the incident to the Lafenwa Police Division after discovering her brother’s lifeless body in his room, with a bottle of insecticide found beside him.

She said: “A friend of the deceased visited his home and asked to see him. Upon entering the room, he discovered the victim’s body on the floor and raised the alarm after finding that the victim had ingested a mixture of insecticide and herbal concoction.

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“He left a note written in Yoruba language, explaining the reasons behind his decision. In the note, he expressed frustration with his life and stated that he felt he had no choice but to end it. A discreet investigation is currently underway.”

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