Headline

FG To Return N27.5trn 2024 Appropriation Bill To NASS For Increase

Published

5 months ago

December 12, 2023

Editor

The Federal Government has told the Senate that it was considering returning to the National Assembly, the N27.5 trillion 2024 Appropriation Bill in order to increase the size if the revenue increases.

Speaking yesterday in Abuja, when he appeared before the Senator Sani Musa (APC, Niger East) led Committee on Finance for budget defence, the Minister of Finance and Coordinating MInister of Economy, Mr. Wale Edun said that because of the tremendous improvement in the economy, and if the revenue increases, the Federal Government would have no other option than to return to the National Assembly to appropriate the additional revenue.

The Minister said: “The revenue performance was encouraging, it is expected to continue to be encouraging. There is fiscal policy and tax reform committee which is already at work. It is meant to provide fundamental change together with digitalization, greater efficiency in collection because it revenue to debt that can give us the opportunity to even increase this budget.

“If we have a solid revenue performance, we will come back and am sure Mr President will authorise the process is return to the National Assembly to appropriate extra revenue. That is a situation we are all looking forward.”

Recall that President Tinubu had penultimate Wednesday presented before the National Assembly a expenditure proposal of N27.5 trillion 2024 Appropriation Bill, just as he announced his administration’s resolve to adopt the “revised 2024-2026 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP,” as the parameters for the 2024 budget, just as he also announced the administration’s plan to grow the economy by a minimum of 3.76 percent, above the forecasted world average.

Speaking further, Edun noted that the Federal Government was looking at how to speed up the procurement process in order to increase capital spending in the 2024 budget.

He said: “When we look at actual budget performance , expenditure as at 3rd quaters of the year which is September, was 32 percent below the budget estimate, revenue was five percent up, the revenue performance is quite encouraging, debt service, because of change in exchange rate, a depreciation of the currency and the fact we have foreign debt of about $46billion outstanding, means that debt service was up by 18 percent.

“Capital expenditure performed below budget quite significantly. We are looking at issue of procurement process and ways to speed up capital spending, in term of overall balance of the budget.

“Fiscal deficit is expected to come down from N13.7 trillion to N9.2 trillion and importantly, the deficit, the amount of the budget to be funded by borrowing is down from 6.1 percent to 3.9 percent that is percent of GDP and Capital expenditure remains at 32 percent, so that is the while structure of the budget.”

Headline

Iran President Had ‘Lot Of Blood On His Hands’ – White House

Published

2 hours ago

May 20, 2024

Editor

Iran President Ebrahim Raisi had a “lot of blood on his hands”, the White House said on Monday despite Washington offering condolences after his death in a helicopter crash.

“This was a man who had a lot of blood on his hands,” National Security Council spokesman John Kirby told reporters, saying Raisi was responsible for “atrocious” rights abuses in Iran and had supported regional proxies including Hamas.

Kirby said, however, that “as in any other case, we certainly regret in general the loss of life and offered official condolences as appropriate.”

Earlier, Iran’s supreme leader, Ayatollah Ali Khamenei, announced on Monday five days of mourning for President Ebrahim Raisi who died in a helicopter crash.

“I announce five days of public mourning and offer my condolences to the dear people of Iran,” said Khamenei in an official statement a day after the death of Raisi and other officials in the crash in East Azerbaijan province.

Headline

Iran Gets Interim President After Raisi’s Death

Published

10 hours ago

May 20, 2024

Editor

Iran’s supreme leader Ayatollah Ali Khamenei assigned vice president Mohammad Mokhber to assume interim duties after the death of president Ebrahim Raisi in a helicopter crash a day earlier.

“In accordance with Article 131 of the constitution, Mokhber is in charge of leading the executive branch,” said Khamenei in a statement, adding that Mokhber will be required to work with the heads of legislative and judicial branches to prepare for presidential elections “within a maximum period of 50 days”.

Recall that President Raisi was confirmed dead on Monday after his helicopter crashed in a mountainous region of the country.

Raisi was travelling with Foreign Minister Hossein Amir-Abdollahian who also died in the accident.

Rescue teams had been scouring the area since Sunday afternoon after a helicopter carrying Raisi, the foreign minister and other officials had gone missing.

Early Monday, relief workers located the missing helicopter, with state TV saying the president had died.

“The servant of Iranian nation, Ayatollah Ebrahim Raisi has achieved the highest level of martyrdom whilst serving the people,” state television said Monday, with Mehr news agency also saying he was dead.

State television broadcast photos of Raisi, with the voice of a man reciting the Koran playing in the background.

Iran’s vice president for executive affairs Mohsen Mansouri posted on X a Koranic verse used to express condolences.

Meanwhile, Iran’s supreme leader Ayatollah Ali Khamenei has announced a five days of mourning for President Raisi.

“I announce five days of public mourning and offer my condolences to the dear people of Iran,” said Khamenei in an official statement a day after the death of Raisi and other officials in the crash in East Azerbaijan province.

Headline

UK Threatens To Deport Physically-challenged Nigerian After 38 Years

Published

11 hours ago

May 20, 2024

Editor

The United Kingdom has threatened to deport a physically-challenged Nigerian man, Anthony Olubunmi George, over an alleged forged entry stamp in his passport.

George who has lived in the UK for 38 years, after he left Nigeria at the age of 24 in 1986, according to the Guardian UK.

The 61-year-old Nigerian has no criminal convictions and made several applications for leave to remain in the UK, which the Home Office has rejected, most recently on 7 May.

George’s case became the second African facing a huge disappointment with the UK Home Office after spending several years in Britain.

Vanguard reported last week that a 74-year-old Ghanaian Nelson Shardey, who has resided in the UK since 1977, was refused indefinite leave to remain despite being in the country for most of his adult life.

As the case of the Nigerian, he has never left the UK and has no criminal convictions, with the reports of having two strokes, which left him with problems with speech and mobility in 2019.

When George arrived, Margaret Thatcher was prime minister and Rishi Sunak is the ninth to hold office since George has lived in the UK.

He has endured many periods of homelessness and disclosed he has lost count of the number of friends who have given him shelter over the years, adding that he no longer has any close family in Nigeria.

The Guardian UK said in 2005, his previous solicitors submitted a forged entry stamp in his passport and have subsequently been reported to the police and the legal regulatory bodies.

George told the Guardian he knew nothing about the passport stamp until many years later. His current lawyer, Naga Kandiah of MTC Solicitors, cited his poor previous legal representation as the reason for George’s problems.

In his most recent refusal, Home Office officials said: “Unfortunately this is not something that is considered an exceptional circumstance.”

Kandiah has lodged an appeal against the latest refusal.

A previous Home Office rejection of his case states: “It’s open to your family and friends to visit you in Nigeria.”

George said, “I don’t know how many different sofas I’ve slept on – too many to count. I don’t have my life, living the way I’m living now. My health problems since I had my stroke are my biggest worry. All I’m asking for is some kindness from the Home Office.”