News

Buhari To Borrow N819.5 Billion To Finance 2022 Supplementary Budget

Published

3 years ago

December 21, 2022

President Muhammadu Buhari has asked the House of Representatives to approve N819.5 billion supplementary budget for 2022.

In a letter read by Speaker Femi Gbajabiamila on Wednesday, President Buhari said the budget will be financed with new domestic borrowing.

He noted that if the supplementary budget is approved, it will take a total deficit in 2022 to N8.17 trillion.

Mr Buhari explained that the country decided to explore a supplementary budget because of the impact of flood and the need to complete major roads that are at 85% completion.

“The president writes that 2022 has witnessed the worst flood incident in recent history which has caused massive destruction of farmlands at a point already close to harvest season, this may compound the situation of food security and nutrition in this country,” the letter reads.

Adding that “The flood also devastated the road infrastructure across the 36 states and the FCT. It has affected several sections of major roads and bridges nationwide that are critical to the movement of goods and services. The water sector was equally affected by the flood, and there is a need to complete some ongoing projects that have achieved 85% completion across the country.”

The letter was referred to the House Committee on Appropriation for further legislative action.

In another letter, President Buhari also informed the lawmakers that the government will take another N1 trillion loan from the CBN through ways and means.

He said the additional N1 trillion will take the total obligation to CBN to N23 trillion which the government seeks to convert to bonds.

The letter was referred to Committees on Finance, Banking and Currency, Loans, Aid and Grant.

News

Otuaro Felicitates Tompolo On Honorary Doctorate Award

Published

4 hours ago

December 2, 2025

Editor

Administrator of the Presidential Amnesty Programme (PAP), Dr Dennis Otuaro has congratulated High Chief Government Oweizide Ekpemupolo, popularly known as Tompolo, on the conferment of an Honorary Doctorate of Laws (LLD) by the E.K. Clark University.

Otuaro described the recognition as well-deserved and befitting, noting that Tompolo has, over the years, demonstrated uncommon commitment to the peace, progress, and stability of the Niger Delta and Nigeria at large.

According to him, Tompolo’s role in sustaining peace in the region, particularly through his steadfast support for dialogue, community engagement, and nonviolent approaches to conflict resolution, has made a significant contribution to national security and economic stability.

He further noted that, beyond his contributions to peacebuilding, Tompolo has demonstrated extraordinary compassion, philanthropy, and devotion to humanitarian causes.

He added that his investments in youth empowerment stand as clear evidence of a man whose heart is truly with his people.

“Tompolo’s good heart, generosity, and love for humanity distinguish him as a leader of rare character,” Otuaro said.

The PAP Administrator commended E.K. Clark University for identifying and honouring a personality whose impact continues to resonate across the Niger Delta and beyond.

He urged other institutions to emulate such gestures that celebrate individuals advancing society through selfless service.

Dr Otuaro prayed for God’s continued guidance, long life, and strength for High Chief Ekpemupolo as he continues to serve the Niger Delta and Nigeria with dignity, wisdom, and compassion.

News

JUST IN: Defence Minister, Badaru Mohammed Resigns

Published

4 hours ago

December 1, 2025

Editor

The Minister of Defence, Mohammed Badaru, has resigned his appointment with immediate effect.

His resignation was contained in a letter addressed to President Tinubu and dated December 1.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed this on Monday.

The presidential spokesman said Abubakar resigned on health grounds.

News

Police Deny Opening Recruitment Portal, Warn Nigerians Against Fake Adverts

Published

5 hours ago

December 1, 2025

Editor

The Police Service Commission has debunked reports circulating on social media and several unofficial websites claiming that it has opened a portal for recruitment into the Nigeria Police Force.

The Commission described the publications as fake, warning that they were created by fraudsters seeking to deceive and exploit unsuspecting Nigerians.

In a statement published on its official website on Monday, the PSC said it had not commenced any recruitment exercise.

“The general public is hereby informed that these publications are fake and entirely misleading.

“They are the handiwork of fraudsters attempting to exploit innocent citizens,” the Commission said.

It added that no recruitment portal had been opened by the Commission.

“There is currently no ongoing recruitment into the Nigeria Police Force.

“The Police Service Commission has not opened any portal for such an exercise,” the statement added.

The PSC stressed that whenever recruitment begins, the announcement will be made strictly through authorised platforms.

According to the statement, official channels include advertisements in reputable national newspapers, announcements posted on the Commission’s verified website (www.psc.gov.ng), and formal press releases.

“We urge Nigerians to rely only on information published through these official channels.

“Any recruitment portal not listed on our website is fraudulent and should be reported to the police,” the commission said.

The PSC advised the public to ignore the fake recruitment claims to avoid falling victim to scams.

The PUNCH had reported that the Police Service Commission has cautioned Nigerians seeking a career in the Nigeria Police Force to beware of fake recruitment adverts circulating online, insisting that it has not yet commenced the 2025 recruitment exercise.