Abuja, Nov. 22, 2019 Ghanaian Parliamentarian, Clement Humado, said that the closure of Nigeria border, especially Nigeria-Benin border was affecting the country’s trade because several trucks from Ghana were stranded at Seme-Krake side of the border.
Hon. Clement Humado said this on Friday while presenting the country report at the ongoing Second Ordinary Session of ECOWAS Parliament held in Abuja.
“Another issue affecting Ghana’s trade with it’s neighbours in the sub region, is the closure of the Nigeria-Benin border in September 2019, several trucks from Ghana sending goods to Nigeria have been stranded at the Seme-Krake side of the border for over two months now.
” Similarly, Ghana trucks returning from Nigeria with goods cannot also cross the border.
“We believe Nigeria may have good reasons for taking such action but the measures infringe on the provisions of the ECOWAS Trade Liberation Scheme (ETLS).
“Whatever be the reason, the situation needs to be resolved as quickly as possible,” he said.
Humado said that cyber-crime was a wave of criminality, which has hit Corporate businesses in Ghana, stating that internet fraud was at it peak.
“Cyber-crime is the next wave of criminality, which has hit corporate Ghana, online fraud is at the peak in many businesses, specifically in the banking sector.
“To stem and contain this growing menace, the government has set up a Commission tasked to train corporate Ghana to detect and prevent internet fraud and counterfeiting.
“The insecurity arising is from chieftaincy disputes, ethnic conflicts and land litigation remain an important source of conflicts in the North Eastern region of Ghana,” he said.
He, however, said that the government had deployed security forces to bring the conflict under control.
Edited By: Felix Ajide https://nnn.ng/ghanaian-parliamentarian-says/
FRC leads agencies to pay N1.8trn into Consolidated Revenue Fund – Official
Muruako made the disclosure at the one day training organised by the Fiscal Responsibility Commission in collaboration with Brevic Consultants and Investment Ltd. and the Nigerian Railway Corporation (NRC) held in Lagos on Monday.
Muruako said that the N1. 8trillion paid into the Consolidated Revenue Fund (CRF) was the operating surplus of 80 per cent of yearly operations of the agencies and state’s owned enterprises listed by the schedule to FRC 2007.
News Agency of Nigeria reports that the Fiscal Responsibility Acts (FRA) 2007 was signed into law by Former President, Umar Yar’Adaua, in 2007 while the Commission was inaugurated in 2008.
The act had mandated the Commission to strive in promoting prudent management of the nation’s resources, ensuring long-term macro-economic stability and transparency in fiscal operations of the nation’s economy.
Muruako said that the Commission had been seen as an institutional response to the quest for a regime of prudent, ethical and efficient management of public finances at all tiers of the government in Nigeria.
He explained that Fiscal Responsibility Act, 2007 was signed into Law in ensuring the dream of the nation to instill a new transparency and accountability framework was unstoppable.
Muruako said that the inauguration of the commission had enable public finance management to be more positive, transparent and prudent.
“The Commission has reformed the budgetary process through the introduction of the Medium Term Expenditure Framework (MTEF). This is being put in place to link policy, planning and budgeting over the medium-term three years at best.
“In order to ensure that the FRA, 2007 was adhered to, the Commission had to devise alternative strategies to nudge the MDAs to discharge their functions through stakeholders’ interactions and bilateral engagements geared towards increasing awareness and understanding the requirements of the FRA, 2007.
“The key areas traditionally monitored include: Preparations and approval of the Medium Term Expenditure Framework (MTEF); Preparation and approval of the Annual Budget (Appropriation Acts; Execution of the budget and publication of Budget Implementation Reports (BIR).
“Also other areas are: Determination (and monitoring of) appropriate Operating Surpluses due for payment by scheduled corporations into the Consolidated Revenue Fund of the Federal Government; Savings and assets management; and Revenue Monitoring.
” The Commission has also developed a Template for the calculation of Operating Surplus, which has been approved by the Honourable Minister of Finance, who has also issued a circular in that respect since 2016.
“We are working towards recommending more agencies for addition to the Schedule, whilst also looking critically at some of them that may be removed from the list for certain considerations relating to their operations and the welfare of the Nigerian people.
“Unfortunately, the Commission has not got enough support to push up this template and engage these agencies including the Nigerian Railway Corporation on what constitutes Operating Surplus. This part of why we are here today,” Muruako said.
He said that the situation presently was not best of times for Nigerian Economy, particularly as the nation struggle to recover from the debilitating challenges of COVID-19 pandemic, which took the whole world unawares.
Muruako said that in spite of the fact that COVID-19 challenges affected every country, adding that the commission had been guided by getting every hand on deck in ensuring that Nigeria do not fall back into recession the second time.
According to him, it is indeed possible looking at the economic programmes of President Muhammadu Buhari, GCFR.
“The Fisacal Responsibility Act, 2007 are sensitised to understand what is expected of them by the Act. One of it is majorly the payment of Operating Surplus.
“Since we started operation in 2009, the Commission has caused the remittance of more than N1.8 trillion into the Consolidated Revenue Fund of the Federal Government with just about Government investment of N5.8 billion covering Personnel, Overhead and capital projects on the Commission.
“I want to particularly commend the management of the Nigerian Railway Corporation for seeing the importance of partnering with the Commission for this important programme.
“We have worked hard to ensure that all the agencies in the schedule in spite of some challenges, the implementation of the spirit and letters of the Act has led to some outstanding achievements namely: Reform of the budgeting process through the implementation of the Medium Term Expenditure Framework (MTEF) among others,” Muruako said.
He commended the efforts and support of President Muhammadu Buhari, and the Minister of Transportation, Mr Rotimi Amaechi, for making it possible for the Commission to carryout it functions diligently.
The Managing Director, Nigerian Railway Corporation (NRC), Mr Fidet Okhiria, said that the Federal Government was investing heavily on railway infrastructure, adding that it was indeed imperative that NRC shown capacity in all feats to manage and maintain the huge investment.
Okhiria, who was represented by the Director, Operations of NRC, Mr Niyi Ali, said that NRC with its vision to become a World Class Rail Transport Organisation, providing safe, efficient, affordable, reliable, widely linked network, customer oriented service’ and mission.
He said that according to Tejvan Pettinger, fiscal responsibility implies a government pursues the appropriate level of government spending and tax to maintain sustainable public finances; ensure fiscal policy aids the optimal rate of economic growth and maintain appropriate levels of public investment.
Okhiria said that the subsisting fiscal environment was generally ineffective coupled with poor savings culture, uncoordinated borrowing, poor access to fiscal records, amongst others.
“This led to economic instabilities, inefficient public sector investments, debt overhang, poor service delivery and worsening socio-economic conditions in the country before the Commission was created.
” We appreciate the rich course content design for our staff, which is very suitable as we undertake the era of the railway modernization. The course content which include: The overview of the FRA Act 2007; MTEF and its roles in the budgeting process.
“Operating surplus computation using FRC operating surplus calculation template and FGN Revenue sources and monitoring will definitely aid the expansion of the horizon and better understanding of this important discourse by our the participants,” he said.
Okhiria, however, urged the participants to take full advantage of the programme to acquaint themselves of more knowledge in government policies, business and transcend, adding
that participant should extend the knowledge to their colleagues after the training.
Edited By: Saidu Adamu/Felix Ajide
From left the Chief Executive Officer of Finpro Consulting Ltd, Mr Moshood Tijani, the Director Operations of Nigeria Railway Corporation (NRC) The Acting Chairman, Fiscal Responsibility Commission (FRC), Mr Victor Muruako and the Head of Legal Investigation and Enforcement of FRC, Mr Charles Abana during a day training of Fiscal Responsibility Commission in Collaboration with Brevic Consultants and Investment Ltd. the Nigerian Railway Corporation (NRC) held in Lagos on Monday.
A group picture of participants during a day training of Fiscal Responsibility Commission in Collaboration with Brevic Consultants and Investment Ltd. the Nigerian Railway Corporation (NRC) held in Lagos on Monday.https://nnn.ng/frc-leads-agencies-to-pay-n1-8trn-into-consolidated-revenue-fund-official/
Mali to instate civilian president for 18-month transition period – Source
Mali will be led by a civilian president for an 18-month transition period after the military coup deposed the previous government, a Malian political source said on Monday.
“The body charged with naming the president for a transitional period will convene on Monday to begin consultations on the appointment,’’ the source said.
According to the source, the body authorised to elect the president “unanimously” spoke in favour of appointing a civilian to this position.
“This decision has nothing to do with pressure from Economic Community of West African States (ECOWAS),’’ the source said.
Earlier in September, ECOWAS called for the appointment of a civilian president and prime minister for a transitional period by Sept. 23, threatening to impose a full embargo on Mali.
Mali’s military, after negotiations with political leaders and representatives of civil society, approved on Sept. 12, “the basic law and roadmap for the transition period’’ in the country.
The parties decided that the transitional period will last 18 months and an interim government will be formed, while the interim president can be either civilian or military.
However, one of the main opposition parties, Mouvement du 5 Juin-Rassemblement des Forces Patriotiques (M5-RFP), has rejected the transition roadmap.
Edited By: Fatima Sule/Abdulfatah Babatunde
International Peace Day: Onyedimma, others advise youths to shun violence
Mrs Dilichukwu Onyedimma, Acting Secretary, FCT Social Development Secretariat, has advises the youth to shun violence and other anti-social behaviours that could endanger the development and growth of the country.
Onyedimma gave the advice on Monday in Abuja during the rally to mark the International Peace Day with the theme: “Shaping Peace Together”.
She said that economic hardship had exposed the youth with challenges of engaging in kidnapping, banditry, terrorism and rape, creating impediment to economic growth of the nation.
She said the vices had increased the challenges of poverty and hardship in the country.
Onyedimma said that by Oct. 1, Nigeria would be 60 and urged youths to be committed to building a non-violent nation of enviable economic growth, adding that the survival of the nation rested on the youth.
“The lessons of the COVID-19 have shown that the world is uniquely connected by God and so any calamity and misfortune is therefore a global concern.
“It is therefore, imperative that we eschew violence and focus on the sustainable economic development of Nigeria,’’ she said.
Onyedimma appealed to youths to embrace peace as they were the agents of positive change and peace and focus on social change processes to transform violence and oppression into positive behaviour.
Contributing, the Director, Youth Department, Mrs Hajara Alayande, told the youth to use their initiative, attitude, zeal and creativeness to do good at all times for the betterment of humanity.
Alayande noted that it was youths that fought for independence of this great nation and the youth of this generation were the one destroying it and urged them to emulate the nation’s forefathers.
“Must you be tagged a criminal, kidnappers, bandits; this generation is important to us,” she said
The director urged them not to allow anyone to derail them not to live a peaceful life, saying that they had enough resources and talents for them to tap without travelling to other countries.
“All we need is knowledge, preparedness and commitment to tap these resources, if there is love, there will be peace and progress and we cannot achieve sustainable development if we result to violence,” she said.
Meanwhile, the Minister of State, FCT, Mrs Ramatu Tijani, represented by her Special Assistant, Mrs Simisola Ayoade, admonished the youth to use their God-given talents and capacity for the development of the country.
“I am not happy with the situation of youths in this country and I know that every youth has an in-built capacity, so put your own to work so that you can discover your potential,” she advised.
Edited By: Dorcas Jonah/Peter Ejiofor)
COVID-19: Organisation to empower 500,000 vulnerable Nigerians
The Project Officer, Health and Education of CEDI, Betty Essien, made this known in a statement issued to newsmen in Abuja.
According to Essien, the aim is to complement the Federal Government’s effort to support Nigerians who need help, especially on COVID-19 pandemic, to reduce the impacts.
“CEDI cannot be silent in this trying time in the country and the world at large.
“To promote clean environment and reduce the negative impact of COVID-19 pandemic even beyond 2020.
“CEDI calls on concerned individuals and institutions to lend a helping hand to those in need to make the world a better place even after the pandemic,’’ she noted.
She said that the organisation also empowered them with workshop and donation of items.
The items include face masks, efficient stoves, briquettes, rice, beans, cassava floor (gari), spaghetti, packets of magi cube, groundnut oil and tomatoes.
Essien said that the project was carried out in Agwan-Tiv community ACO Estate, Lugbe, Abuja to support 80 most vulnerable households, to ameliorate the impact of the pandemic and reduce its spread.
According to her, the 80 beneficiaries comprising men and women are mostly widowers and widows and are being supported through the life-saving project.
“The outbreak of COVID-19 has led to the death of individuals in many countries including Nigeria.
“About 40 per cent of Nigerians live below poverty line of about of 381.75 dollars, equivalent of N137, 430 per year; therefore support not just to individuals, but households,” she added.
She, however, decried global lockdown of business operations, particularly in Nigeria.
According to her, it has negatively impacted on daily-wage workers, especially women who depend on limited financial savings to survive within rural communities.
Edited By: Abiodun Oluleye/Donald Ugwu