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  •  Edo State Governor Godwin Obaseki yesterday presented the N320 35 billion budget to the Edo State House of Assembly for the 2023 fiscal year representing a 69 37 per cent increase from the N222 billion budgeted for the year 2022 A statement by Crusoe Osagie media aide to the governor quoted Obaseki who presented the budget to the Assembly sitting at the Anthony Enahoro Assembly Complex in Benin City as saying that the budget comprised N192 billion for capital and N127 5 billion for recurrent expenditure Guests present at the budget presentation include Edo State Deputy Governor Philip Shaibu Secretary to the State Government Osarodion Ogie Chief of Staff to the Governor Osaigbovo Iyoha and Edo State Head of Service Anthony Okungbowa Others are Commissioner for Communication and Orientation Chris Nehikhare Commissioner for Local Government and Chieftaincy Affairs Monday Osaigbovo Commissioner for Business Investment and Cooperative Aishatu Braimoh and Commissioner for Youth and Gender Issues Andrew Emwanta among others According to the governor the document christened Budget of Resilience and Transformation is informed by the need to build a resilient and sustainable foundation for the reforms initiatives and programmes that we have embarked on in the last six years He added Our strategic goal is to utilise manufacturing technology agriculture arts culture and entertainment as the catalyst to promote sustained investment across all sectors of the Edo economy Obaseki noted that the projected revenue for 2023 is N300 billion consisting of N144 26 billion statutory allocation made up of Value Added Tax VAT of N41 2 billion capital receipts of 46 1bn IGR N60 4 billion and N4 billion from grants among others adding The balance of will be sourced from development financing and financial institutions He said The revenue estimates for the budget is based on a 70 per barrel benchmark for crude oil and average daily production of 1 69m barrels per day as well as an increase in Internally Generated Revenue IGR to N60 4 billion owing to reforms in tax collection and land management activities Our intention is to push for revenue and reforms in the built environment We are committed to boosting capital spending this year To this end we expect a capital recurrent expenditure ratio of 60 2 per cent to 39 8 per cent respectively This would reinvigorate the economy providing the right impetus for the needed growth expected in the year Receiving the 2023 budget proposal Speaker of the Edo State House of Assembly Marcus Onobun hailed the governor for his efforts at ensuring economic prosperity for the state adding It is worthy to note that at the presentation of the year 2022 budget you made certain commitments to the people of Edo in relation to infrastructural transformation healthcare education and economic development of the State It is commendable that despite the looming global economic meltdown and other uncertainties you were able to deliver set goals as outlined On behalf of my colleagues I applaud you for your sterling performance despite the odds We applaud your visionary initiatives leadership passion strategic innovation and dedication to our dear state and its people
    Obaseki presents N320.35 billion 2023 budget to Edo Assembly
     Edo State Governor Godwin Obaseki yesterday presented the N320 35 billion budget to the Edo State House of Assembly for the 2023 fiscal year representing a 69 37 per cent increase from the N222 billion budgeted for the year 2022 A statement by Crusoe Osagie media aide to the governor quoted Obaseki who presented the budget to the Assembly sitting at the Anthony Enahoro Assembly Complex in Benin City as saying that the budget comprised N192 billion for capital and N127 5 billion for recurrent expenditure Guests present at the budget presentation include Edo State Deputy Governor Philip Shaibu Secretary to the State Government Osarodion Ogie Chief of Staff to the Governor Osaigbovo Iyoha and Edo State Head of Service Anthony Okungbowa Others are Commissioner for Communication and Orientation Chris Nehikhare Commissioner for Local Government and Chieftaincy Affairs Monday Osaigbovo Commissioner for Business Investment and Cooperative Aishatu Braimoh and Commissioner for Youth and Gender Issues Andrew Emwanta among others According to the governor the document christened Budget of Resilience and Transformation is informed by the need to build a resilient and sustainable foundation for the reforms initiatives and programmes that we have embarked on in the last six years He added Our strategic goal is to utilise manufacturing technology agriculture arts culture and entertainment as the catalyst to promote sustained investment across all sectors of the Edo economy Obaseki noted that the projected revenue for 2023 is N300 billion consisting of N144 26 billion statutory allocation made up of Value Added Tax VAT of N41 2 billion capital receipts of 46 1bn IGR N60 4 billion and N4 billion from grants among others adding The balance of will be sourced from development financing and financial institutions He said The revenue estimates for the budget is based on a 70 per barrel benchmark for crude oil and average daily production of 1 69m barrels per day as well as an increase in Internally Generated Revenue IGR to N60 4 billion owing to reforms in tax collection and land management activities Our intention is to push for revenue and reforms in the built environment We are committed to boosting capital spending this year To this end we expect a capital recurrent expenditure ratio of 60 2 per cent to 39 8 per cent respectively This would reinvigorate the economy providing the right impetus for the needed growth expected in the year Receiving the 2023 budget proposal Speaker of the Edo State House of Assembly Marcus Onobun hailed the governor for his efforts at ensuring economic prosperity for the state adding It is worthy to note that at the presentation of the year 2022 budget you made certain commitments to the people of Edo in relation to infrastructural transformation healthcare education and economic development of the State It is commendable that despite the looming global economic meltdown and other uncertainties you were able to deliver set goals as outlined On behalf of my colleagues I applaud you for your sterling performance despite the odds We applaud your visionary initiatives leadership passion strategic innovation and dedication to our dear state and its people
    Obaseki presents N320.35 billion 2023 budget to Edo Assembly
    Foreign2 months ago

    Obaseki presents N320.35 billion 2023 budget to Edo Assembly

    Edo State Governor, Godwin Obaseki, yesterday, presented the N320.

    35 billion budget to the Edo State House of Assembly for the 2023 fiscal year, representing a 69.

    37 per cent increase from the N222 billion budgeted for the year 2022.

    A statement by Crusoe Osagie, media aide to the governor, quoted Obaseki, who presented the budget to the Assembly, sitting at the Anthony Enahoro Assembly Complex in Benin City, as saying that the budget comprised N192 billion for capital and N127.

    5 billion for recurrent expenditure.

    Guests present at the budget presentation include Edo State Deputy Governor, Philip Shaibu; Secretary to the State Government, Osarodion Ogie; Chief of Staff to the Governor, Osaigbovo Iyoha and Edo State Head of Service, Anthony Okungbowa.

    Others are Commissioner for Communication and Orientation, Chris Nehikhare; Commissioner for Local Government and Chieftaincy Affairs, Monday Osaigbovo; Commissioner for Business, Investment and Cooperative, Aishatu Braimoh and Commissioner for Youth and Gender Issues, Andrew Emwanta, among others.

    According to the governor, the document, christened ‘Budget of Resilience and Transformation,’ is informed by the need to “build a resilient and sustainable foundation for the reforms, initiatives and programmes that we have embarked on in the last six years.

    ” He added: “Our strategic goal is to utilise manufacturing, technology, agriculture, arts, culture and entertainment as the catalyst to promote sustained investment across all sectors of the Edo economy.

    ” Obaseki noted that the projected revenue for 2023 is N300 billion, consisting of N144.

    26 billion statutory allocation, made up of Value Added Tax (VAT) of N41.

    2 billion; capital receipts of 46.

    1bn; IGR, N60.

    4 billion and N4 billion from grants, among others, adding: “The balance of will be sourced from development financing and financial institutions.

    ” He said: “The revenue estimates for the budget is based on a $70 per barrel benchmark for crude oil and average daily production of 1.

    69m barrels per day as well as an increase in Internally Generated Revenue (IGR) to N60.

    4 billion, owing to reforms in tax collection and land management activities.

    “Our intention is to push for revenue and reforms in the built environment.

    We are committed to boosting capital spending this year.

    To this end, we expect a capital/recurrent expenditure ratio of 60.

    2 per cent to 39.

    8 per cent respectively.

    This would reinvigorate the economy, providing the right impetus for the needed growth expected in the year.

    ” Receiving the 2023 budget proposal, Speaker of the Edo State House of Assembly, Marcus Onobun, hailed the governor for his efforts at ensuring economic prosperity for the state, adding: “It is worthy to note that at the presentation of the year 2022 budget, you made certain commitments to the people of Edo in relation to infrastructural transformation, healthcare, education and economic development of the State.

    “It is commendable that despite the looming global economic meltdown and other uncertainties, you were able to deliver set goals as outlined.

    On behalf of my colleagues, I applaud you for your sterling performance despite the odds.

    We applaud your visionary initiatives, leadership, passion, strategic innovation and dedication to our dear state and its people.

  •   LR Yahaya Bello Governor of Kogi and Chinese Ambassador to Nigeria Cui Jianchun during a meeting on industry and trade between Kogi State and Chinese businessmen at the Chinese Embassy in Abuja The Kogi state government and the Chinese government on Thursday set the stage for expanding trade relations as did the state s target of N591 billion annual internally generated revenue IGR soon The groundwork for the renewed collaboration was laid at a dialogue on industry and trade between Kogi and Chinese businessmen co hosted by Governor Yahaya Bello of Kogi and Chinese Ambassador to Nigeria Cui Jianchun at the Chinese Embassy in Abuja Addressing the businessmen Bello said that the Kogi government was ready to engage the Chinese business community to expand trade and investment opportunities with China According to him for both countries to advance the will commitment willingness and sincerity of both parties are necessary to collaborate in the use of all resources both natural and human and others for the benefit of both countries and the humanity in general Bello who also said that there was political will to achieve the desired collaboration pointed out that he shared a lot of ideology with the Chinese people both politically and personally The governor said that he was aware that there are tribes and religions in China however the Chinese people were able to leave all differences behind to have a common goal of coming together to take advantage of all that is available within China He added that the Chinese people were able to achieve their goal successfully in political economic and technological terms noting that today China has become one of the world s top two leading nations Bello said that I have that political will to bring all our people together That is why since I took office on January 26 2016 I have been working tirelessly to ensure that I bring my people together To ensure that there is security in the lives and livelihoods of my people and everyone who wants to stay and live and earn money in Kogi state including the Chinese and the various investments made in the state so far I have that political will to continue to engage China and the Chinese to ensure that whatever benefits are available to us we make the most of them for our people There are several areas in which we can get involved We have the institutional framework ready to engage and we have the authority to engage and get things done as quickly as possible People are our cardinal objective to serve And I have given general and open approval to my people to engage the Chinese side on all fronts for the benefit of all of us Bello said Earlier Cui recalled his recent visit to Kogi State saying that Kogi State and China have a lot in common He expressed satisfaction that both the Chinese and Nigerian sides acknowledged the development in deepening relations Cui expressed confidence that with the cooperation between the Bello leadership in Kogi state and the Chinese government in the coming years much will be achieved particularly in the area of power plants and nuclear energy On how the state intends to reach the target of around N591 6 billion IGR Kogi State Governor s Special Adviser on Economy Fice and Investment Abdulkareem Siyaka said that the state was actually getting less than 10 percent of what you should get of the resources he had According to him N591 6 is the size of the IGR per year if the state could put all the basic components together The Chinese today have invited us and are willing to invest in various sectors of our economy If we expose our economy to more genuine development partners within a year I can assure you that we will be able to reach that goal of around N591 6 billion thus reducing unemployment in the state he said edited Source Credit NAN
    Kogi, China expand business relations, target N159b IGR
      LR Yahaya Bello Governor of Kogi and Chinese Ambassador to Nigeria Cui Jianchun during a meeting on industry and trade between Kogi State and Chinese businessmen at the Chinese Embassy in Abuja The Kogi state government and the Chinese government on Thursday set the stage for expanding trade relations as did the state s target of N591 billion annual internally generated revenue IGR soon The groundwork for the renewed collaboration was laid at a dialogue on industry and trade between Kogi and Chinese businessmen co hosted by Governor Yahaya Bello of Kogi and Chinese Ambassador to Nigeria Cui Jianchun at the Chinese Embassy in Abuja Addressing the businessmen Bello said that the Kogi government was ready to engage the Chinese business community to expand trade and investment opportunities with China According to him for both countries to advance the will commitment willingness and sincerity of both parties are necessary to collaborate in the use of all resources both natural and human and others for the benefit of both countries and the humanity in general Bello who also said that there was political will to achieve the desired collaboration pointed out that he shared a lot of ideology with the Chinese people both politically and personally The governor said that he was aware that there are tribes and religions in China however the Chinese people were able to leave all differences behind to have a common goal of coming together to take advantage of all that is available within China He added that the Chinese people were able to achieve their goal successfully in political economic and technological terms noting that today China has become one of the world s top two leading nations Bello said that I have that political will to bring all our people together That is why since I took office on January 26 2016 I have been working tirelessly to ensure that I bring my people together To ensure that there is security in the lives and livelihoods of my people and everyone who wants to stay and live and earn money in Kogi state including the Chinese and the various investments made in the state so far I have that political will to continue to engage China and the Chinese to ensure that whatever benefits are available to us we make the most of them for our people There are several areas in which we can get involved We have the institutional framework ready to engage and we have the authority to engage and get things done as quickly as possible People are our cardinal objective to serve And I have given general and open approval to my people to engage the Chinese side on all fronts for the benefit of all of us Bello said Earlier Cui recalled his recent visit to Kogi State saying that Kogi State and China have a lot in common He expressed satisfaction that both the Chinese and Nigerian sides acknowledged the development in deepening relations Cui expressed confidence that with the cooperation between the Bello leadership in Kogi state and the Chinese government in the coming years much will be achieved particularly in the area of power plants and nuclear energy On how the state intends to reach the target of around N591 6 billion IGR Kogi State Governor s Special Adviser on Economy Fice and Investment Abdulkareem Siyaka said that the state was actually getting less than 10 percent of what you should get of the resources he had According to him N591 6 is the size of the IGR per year if the state could put all the basic components together The Chinese today have invited us and are willing to invest in various sectors of our economy If we expose our economy to more genuine development partners within a year I can assure you that we will be able to reach that goal of around N591 6 billion thus reducing unemployment in the state he said edited Source Credit NAN
    Kogi, China expand business relations, target N159b IGR
    Economy3 months ago

    Kogi, China expand business relations, target N159b IGR

    LR Yahaya Bello Governor of Kogi and Chinese Ambassador to Nigeria Cui Jianchun during a meeting on industry and trade between Kogi State and Chinese businessmen at the Chinese Embassy in Abuja

    The Kogi state government and the Chinese government on Thursday set the stage for expanding trade relations, as did the state's target of N591 billion annual internally generated revenue (IGR) soon.

    The groundwork for the renewed collaboration was laid at a dialogue on industry and trade between Kogi and Chinese businessmen, co-hosted by Governor Yahaya Bello of Kogi and Chinese Ambassador to Nigeria Cui Jianchun, at the Chinese Embassy in Abuja.

    Addressing the businessmen, Bello said that the Kogi government was ready to engage the Chinese business community to expand trade and investment opportunities with China.

    According to him, for both countries to advance, the will, commitment, willingness and sincerity of both parties are necessary to collaborate in the use of all resources, both natural and human and others, for the benefit of both countries and the humanity in general.

    Bello, who also said that there was political will to achieve the desired collaboration, pointed out that he shared a lot of ideology with the Chinese people, both politically and personally.

    The governor said that he was aware that there are tribes and religions in China, however, the Chinese people were able to leave all differences behind to have a common goal of coming together to take advantage of all that is available within China.

    He added that the Chinese people were able to achieve their goal successfully in political, economic and technological terms, noting that today China has become one of the world's top two leading nations.

    Bello said that “I have that political will to bring all our people together. That is why, since I took office on January 26, 2016, I have been working tirelessly to ensure that I bring my people together.

    “To ensure that there is security in the lives and livelihoods of my people and everyone who wants to stay and live and earn money in Kogi state, including the Chinese and the various investments made in the state so far.

    “I have that political will to continue to engage China and the Chinese, to ensure that whatever benefits are available to us, we make the most of them for our people.

    “There are several areas in which we can get involved. We have the institutional framework ready to engage and we have the authority to engage and get things done as quickly as possible.

    “People are our cardinal objective to serve. And I have given general and open approval to my people to engage the Chinese side on all fronts for the benefit of all of us,” Bello said.

    Earlier, Cui recalled his recent visit to Kogi State, saying that Kogi State and China have a lot in common.

    He expressed satisfaction that both the Chinese and Nigerian sides acknowledged the development in deepening relations.

    Cui expressed confidence that with the cooperation between the Bello leadership in Kogi state and the Chinese government in the coming years, much will be achieved, particularly in the area of ​​power plants and nuclear energy.

    On how the state intends to reach the target of around N591.6 billion IGR, Kogi State Governor's Special Adviser on Economy, Fice and Investment Abdulkareem Siyaka said that the state was actually getting less than 10 percent of what you should get. of the resources he had.

    According to him, N591.6 is the size of the IGR per year if the state could put all the basic components together.

    “”The Chinese today have invited us and are willing to invest in various sectors of our economy.

    “If we expose our economy to more genuine development partners, within a year, I can assure you that we will be able to reach that goal of around N591.6 billion, thus reducing unemployment in the state,” he said. ( )

    =======

    edited

    Source Credit: NAN

  •  The Ekiti House of Assembly adopted the state s Medium Term Expenditure Framework MTEF of 2023 to 2025 on Wednesday The adoption was made at the plenary session presided over by the Deputy Speaker Mr Hakeem Jamiu Motion for the adoption was moved by the House Majority Leader Chief Gboyega Aribisogan APC Ikole 1 and seconded by Mrs Olubunmi Adelugba APC Emure In his earlier letter to the House read by Jamiu Gov Biodun Oyebanji stated that the MTEF had a breakdown of N135 8 billion for 2023 N142 5 billion for 2024 and N166 6 billion for 2025 Oyebanji sought the consideration and approval of the House for the MTEF in accordance with the state s Fiscal Responsibility Law 2019 Also on Wednesday the House of Assembly screened and confirmed two additional Commissioner nominees and Chairman of the Ekiti Internal Revenue Services EKIRS The commissioner nominees are Mr Akintunde Oyebode the immediate past Commissioner for Finance and Dr Oyebanji Filani the immediate past Commissioner for Health and Human Services Answering questions from members of the Assembly Oyebode promised to ensure that the state s funds were used for maximum delivery of dividends of democracy He also promised to prioritise payment of gratuity to pensioners His counterpart Filani promised to ensure more access to quality healthcare services by residents if given the opportunity Filani also promised that he would consolidate and expand the Health Insurance Scheme by increasing the number of participants He promised to adopt Performance Management Strategy to ensure behavioural change on the part of medical personnel in the way they related to patients The House confirmed Mr Olaniran Olatona as the Chairman of EKIRS Olatona gave the assurance that his tenure would ensure aggressive increase of Internally Generated Revenue that would not harm the general public but beneficial to residents We will adopt tax orientation and negotiation mechanism for increased IGR without necessarily adding to the burden of Ekiti residents he said NewsSourceCredit NAN
    Ekiti Assembly adopts Medium Term Expenditure Framework (2023-2025)
     The Ekiti House of Assembly adopted the state s Medium Term Expenditure Framework MTEF of 2023 to 2025 on Wednesday The adoption was made at the plenary session presided over by the Deputy Speaker Mr Hakeem Jamiu Motion for the adoption was moved by the House Majority Leader Chief Gboyega Aribisogan APC Ikole 1 and seconded by Mrs Olubunmi Adelugba APC Emure In his earlier letter to the House read by Jamiu Gov Biodun Oyebanji stated that the MTEF had a breakdown of N135 8 billion for 2023 N142 5 billion for 2024 and N166 6 billion for 2025 Oyebanji sought the consideration and approval of the House for the MTEF in accordance with the state s Fiscal Responsibility Law 2019 Also on Wednesday the House of Assembly screened and confirmed two additional Commissioner nominees and Chairman of the Ekiti Internal Revenue Services EKIRS The commissioner nominees are Mr Akintunde Oyebode the immediate past Commissioner for Finance and Dr Oyebanji Filani the immediate past Commissioner for Health and Human Services Answering questions from members of the Assembly Oyebode promised to ensure that the state s funds were used for maximum delivery of dividends of democracy He also promised to prioritise payment of gratuity to pensioners His counterpart Filani promised to ensure more access to quality healthcare services by residents if given the opportunity Filani also promised that he would consolidate and expand the Health Insurance Scheme by increasing the number of participants He promised to adopt Performance Management Strategy to ensure behavioural change on the part of medical personnel in the way they related to patients The House confirmed Mr Olaniran Olatona as the Chairman of EKIRS Olatona gave the assurance that his tenure would ensure aggressive increase of Internally Generated Revenue that would not harm the general public but beneficial to residents We will adopt tax orientation and negotiation mechanism for increased IGR without necessarily adding to the burden of Ekiti residents he said NewsSourceCredit NAN
    Ekiti Assembly adopts Medium Term Expenditure Framework (2023-2025)
    General news3 months ago

    Ekiti Assembly adopts Medium Term Expenditure Framework (2023-2025)

    The Ekiti House of Assembly adopted the state’s Medium-Term Expenditure Framework (MTEF) of 2023 to 2025 on Wednesday.

    The adoption was made at the plenary session presided over by the Deputy Speaker, Mr Hakeem Jamiu.

    Motion for the adoption was moved by the House Majority Leader, Chief Gboyega Aribisogan (APC-Ikole 1) and seconded by Mrs Olubunmi Adelugba (APC-Emure).

    In his earlier letter to the House read by Jamiu, Gov. Biodun Oyebanji stated that the MTEF had a breakdown of N135.8 billion for 2023, N142.5 billion for 2024 and N166.6 billion for 2025. Oyebanji sought the consideration and approval of the House for the MTEF in accordance with the state’s Fiscal Responsibility Law 2019. Also on Wednesday, the House of Assembly screened and confirmed two additional Commissioner nominees and Chairman of the Ekiti Internal Revenue Services (EKIRS).

    The commissioner nominees are Mr Akintunde Oyebode, the immediate past Commissioner for Finance and Dr Oyebanji Filani, the immediate past Commissioner for Health and Human Services.

    Answering questions from members of the Assembly, Oyebode promised to ensure that the state’s funds were used for maximum delivery of dividends of democracy.

    He also promised to prioritise payment of gratuity to pensioners.

    His counterpart, Filani promised to ensure more access to quality healthcare services by residents if given the opportunity.

    Filani also promised that he would consolidate and expand the Health Insurance Scheme by increasing the number of participants.

    He promised to adopt Performance Management Strategy to ensure behavioural change on the part of medical personnel in the way they related to patients.

    The House confirmed Mr Olaniran Olatona as the Chairman of EKIRS.

    Olatona gave the assurance that his tenure would ensure aggressive increase of Internally Generated Revenue that would not harm the general public, but beneficial to residents.

    “We will adopt tax orientation and negotiation mechanism for increased IGR without necessarily adding to the burden of Ekiti residents,’’ he said.


    NewsSourceCredit: NAN

  •  Gov Biodun Oyebanji of Ekiti has tasked the state s Internal Revenue Service to brace up its revenue generation drive through involvement of more people into its operations to move the state forward Oyebanji stated this in Ado Ekiti during the Treasury Board Meeting organised by the state Ministry of Budget and Economic Planning in preparation for the 2023 budget The Governor said government would need more money to drive its agenda aimed at bringing succour to the people of the state He charged all revenue generating agencies to look inward and ensure that more money came to the coffers of the state saying that the budget was crafted in a manner that would speak to the state development plan The governor pledged his support for the Board of Internal Revenue Service to enable it to perform effectively He called on them to harness windows of opportunities open to the state to improve revenue generation Oyebanji urged public servants to be transparent and as much as possible cooperate with the Board of Internal Revenue Service to use technology in driving revenue generation in the state The Governor while expressing his commitment to improved welfare of workers also threatened to be hard on any Mimistry Department and Agencies that refused to use the technology platform to drive revenue generation He said his administration would continue to try its best to ensure that workers were treated with decency urging them to brace up and work hard to achieve the lofty agenda of the administration We are not going to put pain on our people but there are lots of opportunities that you can harness to increase the IGR I need your cooperation I need your help I can only do what I promised you if I have money I can be well intentioned but when I don t have resources what can I do I m committed to improved welfare for workers I m sure you got your salaries and I must commend the Accountant General s office for ensuring that happened he said The governor said further that his administration would not subscribe to increase in subvention to tertiary institutions until all stakeholders held a conference to chart a way forward Subvention will not increase until all stakeholders sit down and agree on the way forward once we do that government will do its own bit management will do its own as well as students and union until we get to that junction no increase The truth of the matter is that at a point subvention will stop I m not saying it is going to stop now but we must prepare our minds that a time will come that state will not be able to give subvention to institutions Management should start preparing for that it is a hard fact What we are paying now we will continue to pay until we agree on a roadmap to ensure that we have world class institutions he said NewsSourceCredit NAN
    Development: Gov. Oyebanji speaks on aggressive revenue drive
     Gov Biodun Oyebanji of Ekiti has tasked the state s Internal Revenue Service to brace up its revenue generation drive through involvement of more people into its operations to move the state forward Oyebanji stated this in Ado Ekiti during the Treasury Board Meeting organised by the state Ministry of Budget and Economic Planning in preparation for the 2023 budget The Governor said government would need more money to drive its agenda aimed at bringing succour to the people of the state He charged all revenue generating agencies to look inward and ensure that more money came to the coffers of the state saying that the budget was crafted in a manner that would speak to the state development plan The governor pledged his support for the Board of Internal Revenue Service to enable it to perform effectively He called on them to harness windows of opportunities open to the state to improve revenue generation Oyebanji urged public servants to be transparent and as much as possible cooperate with the Board of Internal Revenue Service to use technology in driving revenue generation in the state The Governor while expressing his commitment to improved welfare of workers also threatened to be hard on any Mimistry Department and Agencies that refused to use the technology platform to drive revenue generation He said his administration would continue to try its best to ensure that workers were treated with decency urging them to brace up and work hard to achieve the lofty agenda of the administration We are not going to put pain on our people but there are lots of opportunities that you can harness to increase the IGR I need your cooperation I need your help I can only do what I promised you if I have money I can be well intentioned but when I don t have resources what can I do I m committed to improved welfare for workers I m sure you got your salaries and I must commend the Accountant General s office for ensuring that happened he said The governor said further that his administration would not subscribe to increase in subvention to tertiary institutions until all stakeholders held a conference to chart a way forward Subvention will not increase until all stakeholders sit down and agree on the way forward once we do that government will do its own bit management will do its own as well as students and union until we get to that junction no increase The truth of the matter is that at a point subvention will stop I m not saying it is going to stop now but we must prepare our minds that a time will come that state will not be able to give subvention to institutions Management should start preparing for that it is a hard fact What we are paying now we will continue to pay until we agree on a roadmap to ensure that we have world class institutions he said NewsSourceCredit NAN
    Development: Gov. Oyebanji speaks on aggressive revenue drive
    Economy3 months ago

    Development: Gov. Oyebanji speaks on aggressive revenue drive

    Gov. Biodun Oyebanji of Ekiti has tasked the state’s Internal Revenue Service to brace up its revenue generation drive through involvement of more people into its operations, to move the state forward.

    Oyebanji stated this in Ado-Ekiti during the Treasury Board Meeting organised by the state Ministry of Budget and Economic Planning in preparation for the 2023 budget.

    The Governor said government would need more money to drive its agenda aimed at bringing succour to the people of the state.

    He charged all revenue generating agencies to look inward and ensure that more money came to the coffers of the state, saying that the budget was crafted in a manner that would speak to the state development plan.

    The governor pledged his support for the Board of Internal Revenue Service to enable it to perform effectively.

    He called on them to harness windows of opportunities open to the state to improve revenue generation.

    Oyebanji urged public servants to be transparent and as much as possible cooperate with the Board of Internal Revenue Service to use technology in driving revenue generation in the state.

    The Governor, while expressing his commitment to improved welfare of workers, also threatened to be hard on any Mimistry, Department and Agencies that refused to use the technology platform to drive revenue generation.

    He said his administration would continue to try its best to ensure that workers were treated with decency, urging them to brace up and work hard to achieve the lofty agenda of the administration.

    “We are not going to put pain on our people but there are lots of opportunities that you can harness to increase the IGR.

    “I need your cooperation, I need your help.

    I can only do what I promised you if I have money.

    I can be well-intentioned but when I don’t have resources what can I do.

    “I’m committed to improved welfare for workers, I’m sure you got your salaries and I must commend the Accountant General’s office for ensuring that happened,” he said.

    The governor said further that his administration would not subscribe to increase in subvention to tertiary institutions until all stakeholders held a conference to chart a way forward.

    “Subvention will not increase until all stakeholders sit down and agree on the way forward, once we do that, government will do its own bit, management will do its own as well as students and union; until we get to that junction, no increase.

    “The truth of the matter is that at a point, subvention will stop, I’m not saying it is going to stop now but we must prepare our minds that a time will come that state will not be able to give subvention to institutions.

    “Management should start preparing for that, it is a hard fact.

    What we are paying now we will continue to pay until we agree on a roadmap to ensure that we have world class institutions,” he said.


    NewsSourceCredit: NAN

  •  The Kaduna State Government has spent N181 6 billion from January to September representing 64 per cent budget performance of the N279 6 billion revised budget for 2022 This is contained in the Third Quarter2022 Budget Performance Report produced by the Office of Accountant General with support of the Planning and Budget Commission The report obtained by the News Agency of Nigeria in Kaduna on Tuesday shows that of the amount N117 5 billion was spent on capital projects This represents 63 5 per cent of the N185 1 billion allocated for capital projects in the 2022 budget leaving a variance of N67 6 billion Similarly N64 3 billion was spent on recurrent expenditure representing 67 8 per cent performance of the total N94 5 billion recurrent budget for the year with a variance of N30 4 billion On revenue the report shows that N188 4 billion was realised as revenue within the period representing 67 3 per cent revenue performance for the year leaving a variance of N91 3 billion Of the N188 4 billion revenues N38 9 billion was Internally Generated Revenue IGR with N7 4 billion collected in first quarter N16 7 billion in second quarter and N14 8 billion in third quarter The N38 9 billion IGR represents 55 2 per cent of the N70 5 billion IGR target for the year leaving a variance of N31 6 billion The report blamed low IGR collection to non full implementation of new law on Development Levies and noncompletion of shops in most of the markets It added that there was equally a low collection of tuition fees in the state s tertiary institutions due to a hike in fees and prolonged strike action by Academic Staff Union of Universities It also blamed the low performance on pending approvals for regularisation of several undocumented layouts and high cost of land re certification among other economic factors Also a total of N64 2 billion was received as the government share of the Federation Allocation Account Committee representing 77 1 per cent performance of the N83 2 billion targeted for the year A total of N42 6 billion was received as Capital Receipts representing 51 1 per cent performance of the N83 6 billion target for the years The N42 6 billion was made up of N21 9 billion aids and grants representing 44 7 per cent performance against the 49 1 billion target and N20 7 billion representing 60 3 per cent against the N34 3 billion target The report indicates that the low performance resulted from the global economic recession which has affected both external and domestic donor partner funded programmes A further analysis of the budget shows that the Ministry for Finance has the highest budget performance of N34 1 billion representing 94 per cent of the n36 3 billion allocated leaving a variance of N2 2 billion This was followed by the Ministry for Public Works and Infrastructure which spent N28 1 billion within the period representing 86 8 per cent of the N32 5 billion total allocation to the sector It was followed by the health sector where a total of N22 billion was spent out of the N38 billion allocated for the year representing 57 8 per cent performance leaving a variance of N16 billion Education sector trailed behind with 53 4 per cent performance after spending N35 4 billion of the N66 4 billion allocation leaving a variance of N30 9 billion Commenting on the development Mr Yusuf Goje Coalition of Association for Leadership Peace Empowerment and Development CALPED observed that most of the revenue targets were lagging the 75 per cent benchmark at the third quarter Goje the Head of Leadership Governance and Advocacy of the organisation pointed out that the poor revenue generation has affected both the capital and recurrent expenditure which stood at 63 5 and 67 8 per cents respectively This brought to the fore the issue of budget realism which has remained an issue in Kaduna state where the annual budget is always above the recommendation of the Medium Term Expenditure Framework This is very unfortunate because we are not expecting a dramatic increase in spending in the 4th quarter because of the 2023 political activities that would distract the governance processes This is a cause for concern because if we are not sure of generating the needed revenues to fully implement a N279 6 billion 2022 budget how do we expect the 2023 budget of N370 3 billion will fare he asked Describing revenues as a critical component of the budget circle Goje advised the government to increase its taxpayers net and find creative ways to increase its revenue performance He explained that the government can leverage on the political campaigns and economic activities within this period to increase its revenue generation NewsSourceCredit NAN
    2022 budget: Kaduna Govt spends N181.6bn in 9 months – Report
     The Kaduna State Government has spent N181 6 billion from January to September representing 64 per cent budget performance of the N279 6 billion revised budget for 2022 This is contained in the Third Quarter2022 Budget Performance Report produced by the Office of Accountant General with support of the Planning and Budget Commission The report obtained by the News Agency of Nigeria in Kaduna on Tuesday shows that of the amount N117 5 billion was spent on capital projects This represents 63 5 per cent of the N185 1 billion allocated for capital projects in the 2022 budget leaving a variance of N67 6 billion Similarly N64 3 billion was spent on recurrent expenditure representing 67 8 per cent performance of the total N94 5 billion recurrent budget for the year with a variance of N30 4 billion On revenue the report shows that N188 4 billion was realised as revenue within the period representing 67 3 per cent revenue performance for the year leaving a variance of N91 3 billion Of the N188 4 billion revenues N38 9 billion was Internally Generated Revenue IGR with N7 4 billion collected in first quarter N16 7 billion in second quarter and N14 8 billion in third quarter The N38 9 billion IGR represents 55 2 per cent of the N70 5 billion IGR target for the year leaving a variance of N31 6 billion The report blamed low IGR collection to non full implementation of new law on Development Levies and noncompletion of shops in most of the markets It added that there was equally a low collection of tuition fees in the state s tertiary institutions due to a hike in fees and prolonged strike action by Academic Staff Union of Universities It also blamed the low performance on pending approvals for regularisation of several undocumented layouts and high cost of land re certification among other economic factors Also a total of N64 2 billion was received as the government share of the Federation Allocation Account Committee representing 77 1 per cent performance of the N83 2 billion targeted for the year A total of N42 6 billion was received as Capital Receipts representing 51 1 per cent performance of the N83 6 billion target for the years The N42 6 billion was made up of N21 9 billion aids and grants representing 44 7 per cent performance against the 49 1 billion target and N20 7 billion representing 60 3 per cent against the N34 3 billion target The report indicates that the low performance resulted from the global economic recession which has affected both external and domestic donor partner funded programmes A further analysis of the budget shows that the Ministry for Finance has the highest budget performance of N34 1 billion representing 94 per cent of the n36 3 billion allocated leaving a variance of N2 2 billion This was followed by the Ministry for Public Works and Infrastructure which spent N28 1 billion within the period representing 86 8 per cent of the N32 5 billion total allocation to the sector It was followed by the health sector where a total of N22 billion was spent out of the N38 billion allocated for the year representing 57 8 per cent performance leaving a variance of N16 billion Education sector trailed behind with 53 4 per cent performance after spending N35 4 billion of the N66 4 billion allocation leaving a variance of N30 9 billion Commenting on the development Mr Yusuf Goje Coalition of Association for Leadership Peace Empowerment and Development CALPED observed that most of the revenue targets were lagging the 75 per cent benchmark at the third quarter Goje the Head of Leadership Governance and Advocacy of the organisation pointed out that the poor revenue generation has affected both the capital and recurrent expenditure which stood at 63 5 and 67 8 per cents respectively This brought to the fore the issue of budget realism which has remained an issue in Kaduna state where the annual budget is always above the recommendation of the Medium Term Expenditure Framework This is very unfortunate because we are not expecting a dramatic increase in spending in the 4th quarter because of the 2023 political activities that would distract the governance processes This is a cause for concern because if we are not sure of generating the needed revenues to fully implement a N279 6 billion 2022 budget how do we expect the 2023 budget of N370 3 billion will fare he asked Describing revenues as a critical component of the budget circle Goje advised the government to increase its taxpayers net and find creative ways to increase its revenue performance He explained that the government can leverage on the political campaigns and economic activities within this period to increase its revenue generation NewsSourceCredit NAN
    2022 budget: Kaduna Govt spends N181.6bn in 9 months – Report
    Economy3 months ago

    2022 budget: Kaduna Govt spends N181.6bn in 9 months – Report

    The Kaduna State Government has spent N181.6 billion from January to September, representing 64 per cent budget performance of the N279.6 billion revised budget for 2022. This is contained in the Third Quarter2022 Budget Performance Report produced by the Office of Accountant-General with support of the Planning and Budget Commission.

    The report, obtained by the News Agency of Nigeria in Kaduna on Tuesday shows that of the amount, N117.5 billion was spent on capital projects.

    This represents 63.5 per cent of the N185.1 billion allocated for capital projects in the 2022 budget, leaving a variance of N67.6 billion.

    Similarly, N64.3 billion was spent on recurrent expenditure, representing 67.8 per cent performance of the total N94.5 billion recurrent budget for the year, with a variance of N30.4 billion.

    On revenue, the report shows that N188.4 billion was realised as revenue within the period, representing 67.3 per cent revenue performance for the year, leaving a variance of N91.3 billion.

    Of the N188.4 billion revenues, N38.9 billion was Internally Generated Revenue (IGR) with N7.4 billion collected in first quarter, N16.7 billion in second quarter and N14.8 billion in third quarter.

    The N38.9 billion IGR represents 55.2 per cent of the N70.5 billion IGR target for the year, leaving a variance of N31.6 billion.

    The report blamed low IGR collection to non-full implementation of new law on Development Levies, and noncompletion of shops in most of the markets.

    It added that there was equally a low collection of tuition fees in the state’s tertiary institutions due to a hike in fees and prolonged strike action by Academic Staff Union of Universities.

    It also blamed the low performance on pending approvals for regularisation of several undocumented layouts, and high cost of land re-certification among other economic factors.

    Also, a total of N64.2 billion was received as the government share of the Federation Allocation Account Committee, representing 77.1 per cent performance of the N83.2 billion targeted for the year.

    A total of N42.6 billion was received as Capital Receipts, representing 51.1 per cent performance of the N83.6 billion target for the years.

    The N42.6 billion was made up of N21.9 billion aids and grants, representing 44.7 per cent performance against the 49.1 billion target and N20.7 billion representing 60.3 per cent against the N34.3 billion target.

    The report indicates that the low performance resulted from the global economic recession which has affected both external and domestic donor partner funded programmes.

    A further analysis of the budget shows that the Ministry for Finance has the highest budget performance of N34.1 billion representing 94 per cent of the n36.3 billion allocated leaving a variance of N2.2 billion.

    This was followed by the Ministry for Public Works and Infrastructure which spent N28.1 billion within the period, representing 86.8 per cent of the N32.5 billion total allocation to the sector.

    It was followed by the health sector, where a total of N22 billion was spent out of the N38 billion allocated for the year representing 57.8 per cent performance leaving a variance of N16 billion.

    Education sector trailed behind with 53.4 per cent performance after spending N35.4 billion of the N66.4 billion allocation, leaving a variance of N30.9 billion.

    Commenting on the development, Mr Yusuf Goje, Coalition of Association for Leadership Peace Empowerment and Development (CALPED), observed that most of the revenue targets were lagging the 75 per cent benchmark at the third quarter.

    Goje, the Head of Leadership, Governance and Advocacy of the organisation.

    pointed out that the poor revenue generation has affected both the capital and recurrent expenditure, which stood at 63.5 and 67.8 per cents respectively.

    “This brought to the fore the issue of budget realism, which has remained an issue in Kaduna state where the annual budget is always above the recommendation of the Medium-Term Expenditure Framework.

    “This is very unfortunate because we are not expecting a dramatic increase in spending in the 4th quarter because of the 2023 political activities that would distract the governance processes.

    “This is a cause for concern because if we are not sure of generating the needed revenues to fully implement a N279.6 billion 2022 budget, how do we expect the 2023 budget of N370.3 billion will fare?

    he asked.

    Describing revenues as a “critical component” of the budget circle, Goje advised the government to increase its taxpayers net and find creative ways to increase its revenue performance.

    He explained that the government can leverage on the political campaigns and economic activities within this period to increase its revenue generation.


    NewsSourceCredit: NAN

  •  NAN Dr Abiola Oshodi a leading chieftain of All Progressives Congress APC says Nigeria needs as its next president a financial expert such as Sen Bola Tinubu the party s presidential candidate Oshodi the Media Director of APC Presidential Council Canada Chapter said that Tinubu as Lagos governor between 1999 and 2007 significantly increased the state s revenue and laid the foundation for its current financial stability Oshodi in a statement issued by Mr Adebola Olowo his Media Assistant on Tuesday in Akure said that voting Tinubu as the president in 2023 would address the financial challenges that Nigeria was currently facing He explained that the country s increasing debt profile occasioned by low collection of revenue was worrisome and must be tamed by the country s next president hence the need for the electorate to vote for Tinubu This is the same revenue problem that Sen Tinubu met in Lagos when he assumed office as the governor of the state a challenge that he promptly dealt with and if elected and sworn in by May 29 2023 he would also meet a revenue problem and he would be expected to deal with it he said The APC chieftain noted that government at various levels including the Federal Government had repeatedly pointed out the revenue challenges that the country was going through He said that President Muhammadu Buhari during the presentation of the 2023 budget affirmed that Nigeria s debt service to revenue ratio needed close attention According to Oshodi the Nigeria s total debt profile as at September 2022 is N41 60 trillion quoting the Debt Management Office DMO He said that the DMO Director General Mrs Patience Oniha attributed it to a shortfall in revenue Oshodi said that although the Minister of Finance Mrs Zainab Ahmed had clarified that Nigeria did not have a debt problem as it had yet to exceed its self imposed ceiling debt of GDP to debt of 40 per cent she had repeatedly said that Nigeria had indeed a revenue problem The Media Director of the APC Presidential Council in Canada stated that Tinubu was outstanding among his co contestants Of all the 18 illustrious Nigerians vying to be Nigeria s next president Sen Tinubu stands out due to his hands on experience and his impressive stewardship successfully piloting the affairs of the smallest but the most commercialised among Nigeria s 36 states When Sen Tinubu assumed office in 1999 the Lagos State Internally Generated Revenue IGR was said to be a paltry N600 million per month Today because of the restructuring innovativeness and the necessary policies and strategies that he took which successive governors his mentees built on the Lagos State annual IGR is now N753 billion according to the latest figures by the Nigerian Bureau of Statistics NBS he stated Due to the structures laid in the eight years of Sen Tinubu governorship Lagos has become among other things Nigeria s financial hub hosting more than 50 per cent of Nigeria s financial institutions and even with its Gross Domestic Product GDP accounting for 26 7 per cent of the Nigeria s GDP and more than 50 of non oil GDP he stated NewsSourceCredit NAN
    Tinubu, a financial expert, needed for Nigeria’s revenue reform – APC Chieftain
     NAN Dr Abiola Oshodi a leading chieftain of All Progressives Congress APC says Nigeria needs as its next president a financial expert such as Sen Bola Tinubu the party s presidential candidate Oshodi the Media Director of APC Presidential Council Canada Chapter said that Tinubu as Lagos governor between 1999 and 2007 significantly increased the state s revenue and laid the foundation for its current financial stability Oshodi in a statement issued by Mr Adebola Olowo his Media Assistant on Tuesday in Akure said that voting Tinubu as the president in 2023 would address the financial challenges that Nigeria was currently facing He explained that the country s increasing debt profile occasioned by low collection of revenue was worrisome and must be tamed by the country s next president hence the need for the electorate to vote for Tinubu This is the same revenue problem that Sen Tinubu met in Lagos when he assumed office as the governor of the state a challenge that he promptly dealt with and if elected and sworn in by May 29 2023 he would also meet a revenue problem and he would be expected to deal with it he said The APC chieftain noted that government at various levels including the Federal Government had repeatedly pointed out the revenue challenges that the country was going through He said that President Muhammadu Buhari during the presentation of the 2023 budget affirmed that Nigeria s debt service to revenue ratio needed close attention According to Oshodi the Nigeria s total debt profile as at September 2022 is N41 60 trillion quoting the Debt Management Office DMO He said that the DMO Director General Mrs Patience Oniha attributed it to a shortfall in revenue Oshodi said that although the Minister of Finance Mrs Zainab Ahmed had clarified that Nigeria did not have a debt problem as it had yet to exceed its self imposed ceiling debt of GDP to debt of 40 per cent she had repeatedly said that Nigeria had indeed a revenue problem The Media Director of the APC Presidential Council in Canada stated that Tinubu was outstanding among his co contestants Of all the 18 illustrious Nigerians vying to be Nigeria s next president Sen Tinubu stands out due to his hands on experience and his impressive stewardship successfully piloting the affairs of the smallest but the most commercialised among Nigeria s 36 states When Sen Tinubu assumed office in 1999 the Lagos State Internally Generated Revenue IGR was said to be a paltry N600 million per month Today because of the restructuring innovativeness and the necessary policies and strategies that he took which successive governors his mentees built on the Lagos State annual IGR is now N753 billion according to the latest figures by the Nigerian Bureau of Statistics NBS he stated Due to the structures laid in the eight years of Sen Tinubu governorship Lagos has become among other things Nigeria s financial hub hosting more than 50 per cent of Nigeria s financial institutions and even with its Gross Domestic Product GDP accounting for 26 7 per cent of the Nigeria s GDP and more than 50 of non oil GDP he stated NewsSourceCredit NAN
    Tinubu, a financial expert, needed for Nigeria’s revenue reform – APC Chieftain
    General news3 months ago

    Tinubu, a financial expert, needed for Nigeria’s revenue reform – APC Chieftain

    NAN)  Dr Abiola Oshodi, a  leading chieftain of All Progressives Congress (APC), says Nigeria needs as its next president, a financial expert such as Sen. Bola Tinubu, the party’s presidential candidate.

    Oshodi, the Media Director of APC Presidential Council, Canada Chapter, said that Tinubu, as Lagos governor between 1999 and 2007, significantly increased the state’s revenue and laid the foundation for its current financial stability.

    Oshodi, in a statement issued by Mr Adebola Olowo, his Media Assistant, on Tuesday in Akure, said that voting Tinubu as the president in 2023 would address the financial challenges that Nigeria was currently facing.

    He explained that the country’s increasing debt profile, occasioned by low collection of revenue, was worrisome and must be tamed by the country’s next president, hence the need for the electorate to vote for Tinubu.

    “This is the same revenue problem that Sen. Tinubu met in Lagos when he assumed office as the governor of the state, a challenge that he promptly dealt with and if elected and  sworn-in by May 29, 2023, he would also meet a revenue problem and he would be expected to deal with it,” he said.

    The APC chieftain noted that government at various levels, including the Federal Government, had repeatedly pointed out the revenue challenges that the country was going through.

    He said that President Muhammadu Buhari during the presentation of the 2023 budget affirmed that Nigeria’s debt service to revenue ratio needed close attention.

    According to Oshodi, the Nigeria’s total debt profile as at September 2022 is N41.60 trillion, quoting the Debt Management Office (DMO).

    He said that the DMO Director-General, Mrs Patience Oniha, attributed it to a shortfall in revenue.

    Oshodi said that although the Minister of Finance, Mrs Zainab Ahmed, had clarified that Nigeria did not have a debt problem as it had yet to exceed its self-imposed ceiling debt of GDP to debt of 40 per cent, she had repeatedly said that Nigeria had indeed a revenue problem.

    The Media Director of the APC Presidential Council in Canada stated that Tinubu was outstanding among his co-contestants.

    “Of all the 18 illustrious Nigerians vying to be Nigeria’s next president, Sen. Tinubu stands out due to his hands-on experience and his impressive stewardship, successfully piloting the affairs of the smallest but the most commercialised among Nigeria’s 36 states.

    “When Sen. Tinubu assumed office in 1999, the Lagos State Internally Generated Revenue (IGR) was said to be a paltry N600 million per month.

    “Today, because of the restructuring, innovativeness and the necessary policies and strategies that he took which successive governors, his mentees, built on, the Lagos State annual IGR is now N753 billion according  to the latest figures by the Nigerian Bureau of Statistics (NBS),” he stated.

    “Due to the structures laid in the eight years of Sen. Tinubu governorship, Lagos  has become among other things Nigeria’s financial hub, hosting more than 50 per cent of Nigeria’s financial institutions and even with its Gross  Domestic Product(  GDP) accounting for 26.7 per cent  of the Nigeria’s GDP and more than 50 of non-oil GDP,” he  stated.  


    NewsSourceCredit: NAN

  •   The Bayelsa government has dismissed the 2022 fiscal sustainability report on Nigerian states released by BudgiT a publc finance transparency focused civil society organisation The News Agency of Nigeria reports that Rivers tops the 2022 fiscal performance ranking followed by Kaduna and Cross River while Yobe Bayelsa and Benue sit at the bottom of the table The Bayelsa government in a statement released by Mr Maxwell Ebibai Commissioner for Finance questioned the report Ebibai faulted the methodology used to arrive at the rankings and pointed out that it did not reflect current financial standing of the state The commissioner said the report was merely a rehash of the 2021 ranking Our reaction then as now is that not only is this report faulty but relies on tangential parameters inconsistent with economic fundamentals As before the current report erroneously depended on opaque data and criteria bordering largely on the ability of a state to meet its operating expenses recurrent expenditure with only its Internally Generated Revenue The very notion of creating a dichotomy between Federal Allocations and Internally Generated Revenue is a misnomer the statement said It said that it is adding insult to painful injury as over the years we have protested the absence of true fiscal federalism and inequity of the revenue sharing formula that robs states such as Bayelsa in favour of the collective Ebibai stated in the statement He maintained that it was incomprehensible not to appreciate that oil and gas had produced at a significant opportunity cost to states and that the derivation revenue compensated for such brutal environmental degradation According to him Bayelsa government protested against the 2021 ranking as being defective for excluding key revenue sources such as mineral oil derivation funds in the analysis a position the BudgiT team acknowledged We are again bewildered that they returned to this cynical profiling It should be worrisome to BudgiT that the huge revenue that should accrue to Bayelsa from taxes of oil multinationals operating in the state were being paid to states where the companies have their offices domiciled Notwithstanding the disequilibrium we are happy to state unequivocally that the financial standing and sustainability of Bayelsa State are sound and not in any jeopardy as the government can comfortably meet its obligations including regular payment of salaries and pensions the statement read in part Ebibai noted that it was also disturbing that a state with a low debt profile that was effectively managing its financial liabilities would be ranked low against states with a higher debt profile more so when Bayelsa was clearing its debts On biometric capturing of the state s civil servants he said that Bayelsa had successfully concluded the process to achieve payroll transparency According to him the government continues to invest in human capital development and empowerment programmes without neglecting critical financially demanding infrastructure projects such as the Yenagoa Oporoma Road and Bridges the Sagbama Ekeremor Road with seven bridges and the Nembe Brass Road with 10 bridges amongst other projects across the state that will stir its economic life Ebibai noted that states with limited federal presence were inherently disadvantaged with the ranking methodology where facilities such as ports give a clear edge to some states He recommended that for a fair analysis and a more comparable measure of fiscal sustainability BudgiT should expand its indices to cover derivation revenue as IGR in future profiling He explained that the Bayelsa government was in strong disagreement with the ranking and wished to state categorically that it rejected the report Ebibai said it failed to rely on key financial instruments that were legitimate equitable and sustainable NewsSourceCredit NAN
    Bayelsa kicks against BudgiT 2022 report, faults indices
      The Bayelsa government has dismissed the 2022 fiscal sustainability report on Nigerian states released by BudgiT a publc finance transparency focused civil society organisation The News Agency of Nigeria reports that Rivers tops the 2022 fiscal performance ranking followed by Kaduna and Cross River while Yobe Bayelsa and Benue sit at the bottom of the table The Bayelsa government in a statement released by Mr Maxwell Ebibai Commissioner for Finance questioned the report Ebibai faulted the methodology used to arrive at the rankings and pointed out that it did not reflect current financial standing of the state The commissioner said the report was merely a rehash of the 2021 ranking Our reaction then as now is that not only is this report faulty but relies on tangential parameters inconsistent with economic fundamentals As before the current report erroneously depended on opaque data and criteria bordering largely on the ability of a state to meet its operating expenses recurrent expenditure with only its Internally Generated Revenue The very notion of creating a dichotomy between Federal Allocations and Internally Generated Revenue is a misnomer the statement said It said that it is adding insult to painful injury as over the years we have protested the absence of true fiscal federalism and inequity of the revenue sharing formula that robs states such as Bayelsa in favour of the collective Ebibai stated in the statement He maintained that it was incomprehensible not to appreciate that oil and gas had produced at a significant opportunity cost to states and that the derivation revenue compensated for such brutal environmental degradation According to him Bayelsa government protested against the 2021 ranking as being defective for excluding key revenue sources such as mineral oil derivation funds in the analysis a position the BudgiT team acknowledged We are again bewildered that they returned to this cynical profiling It should be worrisome to BudgiT that the huge revenue that should accrue to Bayelsa from taxes of oil multinationals operating in the state were being paid to states where the companies have their offices domiciled Notwithstanding the disequilibrium we are happy to state unequivocally that the financial standing and sustainability of Bayelsa State are sound and not in any jeopardy as the government can comfortably meet its obligations including regular payment of salaries and pensions the statement read in part Ebibai noted that it was also disturbing that a state with a low debt profile that was effectively managing its financial liabilities would be ranked low against states with a higher debt profile more so when Bayelsa was clearing its debts On biometric capturing of the state s civil servants he said that Bayelsa had successfully concluded the process to achieve payroll transparency According to him the government continues to invest in human capital development and empowerment programmes without neglecting critical financially demanding infrastructure projects such as the Yenagoa Oporoma Road and Bridges the Sagbama Ekeremor Road with seven bridges and the Nembe Brass Road with 10 bridges amongst other projects across the state that will stir its economic life Ebibai noted that states with limited federal presence were inherently disadvantaged with the ranking methodology where facilities such as ports give a clear edge to some states He recommended that for a fair analysis and a more comparable measure of fiscal sustainability BudgiT should expand its indices to cover derivation revenue as IGR in future profiling He explained that the Bayelsa government was in strong disagreement with the ranking and wished to state categorically that it rejected the report Ebibai said it failed to rely on key financial instruments that were legitimate equitable and sustainable NewsSourceCredit NAN
    Bayelsa kicks against BudgiT 2022 report, faults indices
    Economy3 months ago

    Bayelsa kicks against BudgiT 2022 report, faults indices

     The Bayelsa government has dismissed the 2022 fiscal sustainability report on Nigerian states released by BudgiT, a publc finance transparency-focused civil society organisation.

    The News Agency of Nigeria reports that Rivers tops the 2022 fiscal performance ranking, followed by Kaduna and Cross River, while Yobe, Bayelsa and Benue sit at the bottom of the table.

    The Bayelsa government, in a statement released by Mr Maxwell Ebibai, Commissioner for Finance, questioned the report.

    Ebibai faulted the methodology used to arrive at the rankings and pointed out that it did not reflect current financial standing of the state.

    The commissioner said the report was merely a rehash of the 2021 ranking.

    “Our reaction then as now is that not only is this report faulty but relies on tangential parameters inconsistent with economic fundamentals.

    “As before, the current report erroneously depended on opaque data and criteria bordering largely on the ability of a state to meet its operating expenses (recurrent expenditure) with only its Internally Generated Revenue.

    “The very notion of creating a dichotomy between “Federal Allocations” and “Internally Generated Revenue” is a misnomer“ the statement said.

    It said that it is “adding insult to painful injury as over the years, we have protested the absence of true fiscal federalism and inequity of the revenue-sharing formula that robs states such as Bayelsa in favour of the collective,” Ebibai stated in the statement.

    He maintained that it was incomprehensible not to appreciate that oil and gas had produced at a significant opportunity cost to states and that the derivation revenue compensated for such brutal environmental degradation.

    According to him, Bayelsa government protested against the 2021 ranking as being defective for excluding key revenue sources such as mineral oil derivation funds in the analysis, a position the BudgiT team acknowledged.

    “We are again bewildered that they returned to this cynical profiling.

    “It should be worrisome to BudgiT that the huge revenue that should accrue to Bayelsa from taxes of oil multinationals operating in the state were being paid to states where the companies have their offices domiciled.

    “Notwithstanding the disequilibrium, we are happy to state unequivocally that the financial standing and sustainability of Bayelsa State are sound and not in any jeopardy as the government can comfortably meet its obligations, including regular payment of salaries and pensions,” the statement read in part.

    Ebibai noted that it was also disturbing that a state with a low debt profile that was effectively managing its financial liabilities would be ranked low against states with a higher debt profile, more so when Bayelsa was clearing its debts.

    On biometric capturing of the state’s civil servants, he said that Bayelsa had successfully concluded the process to achieve payroll transparency.

    According to him, the government continues to invest in human capital development and empowerment programmes, without neglecting critical financially demanding infrastructure projects such as the Yenagoa-Oporoma Road and Bridges, the Sagbama-Ekeremor Road with seven bridges and the Nembe-Brass Road with 10 bridges amongst other projects across the state that will stir its economic life.

    Ebibai noted that states with limited federal presence were inherently disadvantaged with the ranking methodology where facilities such as ports give a clear edge to some states.

    He recommended that for a fair analysis and a more comparable measure of fiscal sustainability, BudgiT should expand its indices to cover derivation revenue as IGR in future profiling.

    He explained that the Bayelsa government was in strong disagreement with the ranking and wished to state categorically that it rejected the report.

    Ebibai said it failed to rely on key financial instruments that were legitimate, equitable and sustainable.


    NewsSourceCredit: NAN

  •  The Federal Ministry of Agriculture and Rural Development FMARD has trained and deployed 82 547 extension workers from 2019 to date to promote local farming Extension in agriculture is a service that assists farmers through educational procedures in improving farming methods to increase production efficiency The Minister of Agriculture and Rural Development Alhaji Mohammed Abubakar made the disclosure at an oversight meeting with Senate Committee on Agriculture in Abuja on Friday Abubakar said the training was designed to reduce the ratio of extension service agents to farmers in line with international best practices According to him the ministry has engaged in land clearing and development of over 4000 hectares in collaboration with the state and local governments to reduce rural poverty He said the ministry was also engaging youths in production of commodities and to achieve accelerated sustainable development of the economy He said to support value addition input delivery and generate employment opportunities the ministry had constructed several agro industrial estates agro processing centres farm markets and integrated cooperative service centres According to him over three million direct and indirect jobs had been created via the activities of the ministry On self sufficiency in rice production he said President Muhammadu Buhari approved an intervention fund for completion of 10 large scale rice mills with a combined minimum capacity of 320 metric tonnes per day in 10 states The minister listed the states to include Jigawa Kano Adamawa Niger Kaduna Gombe Ekiti Ogun Bayelsa and the FCT He added that the rice mills would make Nigeria close the 7 million metric tonnes shortfall in domestic rice demand He said the ministry successfully facilitated 134 million dollars from Africa Development Bank AfDB to scale up food production and ensure sufficiency in wheat production by 2032 He said the facility was expected to result in cultivation of 250 000 hectares by 250 000 farmers at one farmer per hectare at an average of three metric tonnes per hactare According to the minister the measure will also result in the production of 750 000 metric tonnes of wheat fromJigawa Kebbi Kano Bauchi Kastina Kaduna Sokoto Zamfara Gombe Plateau Borono Yobe Adamawa and Taraba He said the ministry had increased production of fish by 1 364 450 metric tonnes through artisanal industrial and marine fishing of the water bodies in the country He said the achievements recorded in the sector were evidence of government s huge investments in the sectors as shown in the consistent significant contributions to the nation s Gross Domestic Product GDP He also attributed improvement in the sector to the synergy amongst the public private sectors and development partners He added that the partnership must be sustained to continuously grow agriculture diversify the economy and empower Nigerians He listed inadequate budgetary provisions as one of the challenges in executing critical projects and programmes to stimulate national agricultural production He decried that less than two per cent of the national budget had been committed to agriculture as against 10 per cent agreed by Africa Heads of States at the Malabo Declaration among other challenges On IGR he said the ministry had a revenue target of N271 million while N307 million has been realised as at July 2022 The Chairman Senate Committee on Agriculture Sen Abdulahi Yahaya PDP Kebbi said the success recorded in the release of funds to the ministry was occasioned by the timely passage of the budget by 9th National Assembly before end of every year This he said was resulting in an improvement in the performance of MDAs He urged the ministry to ensure full utilisation of the N9 billion released but yet to be uncommitted and the N17 billion that would be released to further ensure execution of projects of the ministry Yahaya also told the ministry to make a honest projection on the likely impact of flood insecurity to food production in the country and offer advice to government on how to mitigate it NewsSourceCredit NAN
    Agric ministry trains, deploys 82,547 extension workers
     The Federal Ministry of Agriculture and Rural Development FMARD has trained and deployed 82 547 extension workers from 2019 to date to promote local farming Extension in agriculture is a service that assists farmers through educational procedures in improving farming methods to increase production efficiency The Minister of Agriculture and Rural Development Alhaji Mohammed Abubakar made the disclosure at an oversight meeting with Senate Committee on Agriculture in Abuja on Friday Abubakar said the training was designed to reduce the ratio of extension service agents to farmers in line with international best practices According to him the ministry has engaged in land clearing and development of over 4000 hectares in collaboration with the state and local governments to reduce rural poverty He said the ministry was also engaging youths in production of commodities and to achieve accelerated sustainable development of the economy He said to support value addition input delivery and generate employment opportunities the ministry had constructed several agro industrial estates agro processing centres farm markets and integrated cooperative service centres According to him over three million direct and indirect jobs had been created via the activities of the ministry On self sufficiency in rice production he said President Muhammadu Buhari approved an intervention fund for completion of 10 large scale rice mills with a combined minimum capacity of 320 metric tonnes per day in 10 states The minister listed the states to include Jigawa Kano Adamawa Niger Kaduna Gombe Ekiti Ogun Bayelsa and the FCT He added that the rice mills would make Nigeria close the 7 million metric tonnes shortfall in domestic rice demand He said the ministry successfully facilitated 134 million dollars from Africa Development Bank AfDB to scale up food production and ensure sufficiency in wheat production by 2032 He said the facility was expected to result in cultivation of 250 000 hectares by 250 000 farmers at one farmer per hectare at an average of three metric tonnes per hactare According to the minister the measure will also result in the production of 750 000 metric tonnes of wheat fromJigawa Kebbi Kano Bauchi Kastina Kaduna Sokoto Zamfara Gombe Plateau Borono Yobe Adamawa and Taraba He said the ministry had increased production of fish by 1 364 450 metric tonnes through artisanal industrial and marine fishing of the water bodies in the country He said the achievements recorded in the sector were evidence of government s huge investments in the sectors as shown in the consistent significant contributions to the nation s Gross Domestic Product GDP He also attributed improvement in the sector to the synergy amongst the public private sectors and development partners He added that the partnership must be sustained to continuously grow agriculture diversify the economy and empower Nigerians He listed inadequate budgetary provisions as one of the challenges in executing critical projects and programmes to stimulate national agricultural production He decried that less than two per cent of the national budget had been committed to agriculture as against 10 per cent agreed by Africa Heads of States at the Malabo Declaration among other challenges On IGR he said the ministry had a revenue target of N271 million while N307 million has been realised as at July 2022 The Chairman Senate Committee on Agriculture Sen Abdulahi Yahaya PDP Kebbi said the success recorded in the release of funds to the ministry was occasioned by the timely passage of the budget by 9th National Assembly before end of every year This he said was resulting in an improvement in the performance of MDAs He urged the ministry to ensure full utilisation of the N9 billion released but yet to be uncommitted and the N17 billion that would be released to further ensure execution of projects of the ministry Yahaya also told the ministry to make a honest projection on the likely impact of flood insecurity to food production in the country and offer advice to government on how to mitigate it NewsSourceCredit NAN
    Agric ministry trains, deploys 82,547 extension workers
    General news4 months ago

    Agric ministry trains, deploys 82,547 extension workers

    The Federal Ministry of Agriculture and Rural Development (FMARD) has trained and deployed 82, 547 extension workers from 2019 to date to promote local farming.

    Extension in agriculture is a service that assists farmers through educational procedures in improving farming methods to  increase production efficiency.

    The Minister of Agriculture and Rural Development, Alhaji Mohammed Abubakar, made the disclosure at an oversight meeting with Senate Committee on Agriculture in Abuja on Friday.

    Abubakar said the training was designed to reduce the ratio of extension service agents to farmers in line with international best practices.

    According to him,the ministry has engaged in land clearing and development of over 4000 hectares in collaboration with the state and local governments to reduce rural poverty.

    He said the ministry was also engaging youths in production of commodities and to achieve accelerated sustainable development of the economy.

    He said to support value addition, input delivery and generate employment opportunities, the ministry had constructed several agro-industrial estates,agro-processing centres,farm markets and integrated cooperative service centres.

    According to him, over three million direct and indirect jobs had been created via the activities of the ministry.

    On self -sufficiency in rice production, he said President Muhammadu Buhari approved an intervention fund for completion of 10 large scale rice mills with a combined minimum capacity of 320 metric tonnes per day in 10 states.

    The minister listed the states to include Jigawa,Kano,Adamawa,Niger,Kaduna, Gombe,Ekiti,Ogun,Bayelsa and the FCT.

    He added that the rice mills would make Nigeria close the 7 million metric tonnes shortfall in domestic rice demand.

    He said the ministry successfully facilitated 134 million dollars from Africa Development Bank (AfDB) to scale up food production and ensure sufficiency in wheat production by 2032 He said the facility was expected to result in cultivation of 250,000 hectares by 250,000 farmers at one farmer per hectare, at an average of three metric tonnes per hactare.

    According to the minister, the measure will also result in the production of 750,000 metric tonnes of wheat fromJigawa,Kebbi,Kano,Bauchi,Kastina,Kaduna,Sokoto,Zamfara,Gombe,Plateau,Borono,Yobe,Adamawa and Taraba.

    He said the ministry had increased production of fish by 1,364,450 metric tonnes through artisanal, industrial and marine fishing of the water bodies in the country.

    He said the achievements recorded in the sector were evidence of government’s huge investments in the sectors as shown in the consistent significant contributions to the nation’s Gross Domestic Product (GDP).

    He also attributed improvement in the sector to the synergy amongst the public, private sectors and development partners.

    He added that the partnership must be sustained to continuously grow agriculture, diversify the economy and empower Nigerians.

    He listed inadequate budgetary provisions as one of the challenges in  executing critical projects and programmes to stimulate national agricultural production.

    He decried that less than two per cent of the national budget had been committed to agriculture as against 10 per cent agreed by Africa Heads of States at the Malabo Declaration, among other challenges.

    On IGR, he said the ministry had a revenue target of N271 million , while N307 million has been realised as at July 2022. The Chairman, Senate Committee on Agriculture, Sen. Abdulahi Yahaya (PDP-Kebbi) said the success recorded in the release of funds to the ministry was occasioned by the timely passage of the budget by 9th National Assembly before end of every year.

    This, he said was resulting in an improvement in the performance of MDAs. He urged the ministry to ensure full utilisation of the N9 billion released but yet to be uncommitted and the N17 billion that would be released to further ensure execution of projects of the ministry.

    Yahaya also told the ministry to make a honest projection on the likely impact of flood, insecurity to food production in the country and offer advice to government on how to mitigate it.


    NewsSourceCredit: NAN

  •  The Senate has faulted the poor revenue generation profile of some research and training institutions in the agricultural sector in the country It also decried the non remmitance of 25 per cent due to the Federal Government by some of the agencies Members of the Senate Committee on Agriculture made the reservations at an oversight meeting on Monday in Lagos with some research and training establishments in the agricultural sector They said given the revenue generating potentials inherent of the agencies the Senate was disappointed by their poor revenue profile and their non remittance of 25 per cent due to Federal Government coffers The News Agency of Nigeria reports that the agencies that made presentations on their budget implementation for 2019 2020 and 2021 budget operations included the Nigerian Institute for Oceanography and Marine Research NIOMR The Agricultural and Rural Management Agency Others are the Institute of Agriculture Research and Training Ibadan Rubber Research Institute of Nigeria Federal University of Agriculture Abeokuta Nigeria Institute for Oil Palm Research NIFOR among others Chairman of the Committee Sen Abdulahi Yahaya said the National Assembly expected the agencies to make major interventions and be more proactive innovative and productive in their operations He urged them to come forward with proposals on how to improve their operations adding that the National Assembly would support them via relevant legislations He urged the heads of the organisations to take responsibility by thinking outside the box on how best to be innovative to improve their operations and IGR saying that the questions from Senators were based on the reality of activities of the agencies Sen Adelere Oriolowo said one of the major challenges facing the nation was revenue generation among agencies of government saying that part of issues of Federal Government and Academic Staff Union of Universities ASUU was that of revenue He urged the agencies to seek technical support on how best to improve their revenue generation as they were required to utilise 75 per cent of the revenue generated and remmit 25 per cent to coffers of government Other Senators who decried the poor revenue generation profile of the agencies and urged them to increase their IGR included Senators Bima Enagi Obinna Ogba Frank Ibezim and Moses Clopas Others are Ibrahim Danbaba Sam Egwu Bello Mandiya and Ibrahim Hadejia The committee consequently mandated the management of the concerned to remit the 25 per cent due to the Federal Government since 2021 and 2022 in two weeks Earlier in his presentation Prof Sule Abiodun Executive Director of NIOMR thanked the committee for the support to NIOMR in renovating the building housing the organisation He said NIOMR had procured a BV fishing and research vessel which was helping the Institute to conduct research trainings and determine the fishes in the territorial waters of Nigeria He said NIOMA was partnering with the Nigerian Navy to ensure that fishes in the Nigeria territorial waters were not stolen On IGR he said the agency was careful not to aggressively source for revenue so as not to run foul of its mandate wwwng Editef by AbdulFatai Abdulrahman NewsSourceCredit NAN
    Senate faults IGR profile of research, training institutions in agric sector
     The Senate has faulted the poor revenue generation profile of some research and training institutions in the agricultural sector in the country It also decried the non remmitance of 25 per cent due to the Federal Government by some of the agencies Members of the Senate Committee on Agriculture made the reservations at an oversight meeting on Monday in Lagos with some research and training establishments in the agricultural sector They said given the revenue generating potentials inherent of the agencies the Senate was disappointed by their poor revenue profile and their non remittance of 25 per cent due to Federal Government coffers The News Agency of Nigeria reports that the agencies that made presentations on their budget implementation for 2019 2020 and 2021 budget operations included the Nigerian Institute for Oceanography and Marine Research NIOMR The Agricultural and Rural Management Agency Others are the Institute of Agriculture Research and Training Ibadan Rubber Research Institute of Nigeria Federal University of Agriculture Abeokuta Nigeria Institute for Oil Palm Research NIFOR among others Chairman of the Committee Sen Abdulahi Yahaya said the National Assembly expected the agencies to make major interventions and be more proactive innovative and productive in their operations He urged them to come forward with proposals on how to improve their operations adding that the National Assembly would support them via relevant legislations He urged the heads of the organisations to take responsibility by thinking outside the box on how best to be innovative to improve their operations and IGR saying that the questions from Senators were based on the reality of activities of the agencies Sen Adelere Oriolowo said one of the major challenges facing the nation was revenue generation among agencies of government saying that part of issues of Federal Government and Academic Staff Union of Universities ASUU was that of revenue He urged the agencies to seek technical support on how best to improve their revenue generation as they were required to utilise 75 per cent of the revenue generated and remmit 25 per cent to coffers of government Other Senators who decried the poor revenue generation profile of the agencies and urged them to increase their IGR included Senators Bima Enagi Obinna Ogba Frank Ibezim and Moses Clopas Others are Ibrahim Danbaba Sam Egwu Bello Mandiya and Ibrahim Hadejia The committee consequently mandated the management of the concerned to remit the 25 per cent due to the Federal Government since 2021 and 2022 in two weeks Earlier in his presentation Prof Sule Abiodun Executive Director of NIOMR thanked the committee for the support to NIOMR in renovating the building housing the organisation He said NIOMR had procured a BV fishing and research vessel which was helping the Institute to conduct research trainings and determine the fishes in the territorial waters of Nigeria He said NIOMA was partnering with the Nigerian Navy to ensure that fishes in the Nigeria territorial waters were not stolen On IGR he said the agency was careful not to aggressively source for revenue so as not to run foul of its mandate wwwng Editef by AbdulFatai Abdulrahman NewsSourceCredit NAN
    Senate faults IGR profile of research, training institutions in agric sector
    General news4 months ago

    Senate faults IGR profile of research, training institutions in agric sector

    The Senate has faulted the poor revenue generation profile of some research and training institutions in the agricultural sector in the country.  

    It also decried the non remmitance of 25 per cent due to the Federal Government by some of the agencies.  

    Members of the Senate Committee on Agriculture made the reservations at an oversight meeting on Monday in Lagos with some research and training establishments in the agricultural sector.  

    They said given the revenue generating potentials inherent  of the agencies, the Senate was disappointed by their poor revenue profile and their non remittance of 25 per cent due to Federal Government coffers.  

    The News Agency of Nigeria reports that the agencies that made presentations on their budget implementation for 2019, 2020 and 2021 budget operations included the Nigerian Institute for Oceanography and Marine Research (NIOMR),The Agricultural and Rural Management Agency.  

    Others are the Institute of Agriculture Research and Training Ibadan, Rubber Research Institute of Nigeria, Federal University of Agriculture Abeokuta, Nigeria Institute for Oil Palm Research ((NIFOR), among others.    

    Chairman of the Committee Sen. Abdulahi Yahaya, said the National Assembly expected  the agencies to make major interventions and be more proactive, innovative and productive in their operations.  

    He urged them to come forward with proposals on how to improve their operations, adding that the National Assembly would support them via relevant legislations.  

    He urged the heads of the organisations to take responsibility by thinking outside the box on how best to be innovative, to improve their operations and IGR, saying that the questions from Senators were based on the reality of activities of the agencies.  

    Sen. Adelere Oriolowo said one of the major challenges facing the nation was revenue generation among agencies of government, saying that part of issues of Federal Government and Academic Staff Union of Universities (ASUU) was that of revenue.  

    He urged the agencies to seek technical support on how best to improve their revenue generation as they were required to utilise 75 per cent of the revenue generated and remmit 25 per cent to coffers of government.  

    Other Senators, who decried the poor revenue generation profile of the agencies and urged them to increase their IGR, included Senators Bima Enagi, Obinna Ogba, Frank Ibezim and Moses Clopas,   Others are Ibrahim Danbaba, Sam Egwu, Bello Mandiya and Ibrahim Hadejia.  

    The committee consequently mandated the management of the  concerned to remit the 25 per cent due to the Federal Government since 2021 and 2022 in two weeks.  

    Earlier in his presentation, Prof. Sule Abiodun, Executive Director of NIOMR thanked the committee for the support to NIOMR in renovating the building, housing the organisation.  

    He said NIOMR had procured a BV fishing and research vessel which was helping the Institute to conduct research, trainings and determine the fishes in the territorial waters of Nigeria.  

    He said NIOMA was partnering with the Nigerian Navy to ensure that fishes in the Nigeria territorial waters were not stolen.  

    On IGR, he said the agency was careful not to aggressively source for revenue so as not to run foul of its mandate.

    wwwng   Editef by AbdulFatai Abdulrahman
    NewsSourceCredit: NAN

  •  The Acting Provost College of Education Ilorin Dr Jimoh Ayinla has called on Gov AbdulRahman AbdulRazaq to take full responsibility of teachers salary in all Colleges of Education in the state Ayinla made the appeal on Wednesday in Ilorin in an interview with the News Agency of Nigeria He said that the teachers want the present administration to take over all the affairs of the colleges in the state including paying of full salary He explained that the action would enable the state government to take charge of the Internally Generated Revenue IGR promotion of staff allocation of fund for school maintenance among others in the institutions The acting provost explained that the experience teachers had in the last administration was tough recalling that they were owed seven months salary They asked us to pay salary with whatever we realised from IGR in which we pay 10 per cent salary sometimes other times we pay 30 per cent and occasionally had to pay five per cent He however complimented AbdulRazaq for paying all the seven months salary arrears owed by the previous administration just six months after assuming office The Governor asked us to continue to use the IGR to compliment the salary he is giving all members of staff as well as maintain the school with the money generated Governor AbdulRazaq also increased the minimum wage from 70 per cent to 75 per cent and allowed all tertiary institutions in the state to negotiate at the council for their Peculiar Earn Academic Allowances These are the reasons why we want the present government to take over all the affairs of the institutions pay full salary instead of subventions and be in charge We sincerely thank the governor for doing his best and we promise to reciprocate but we want him to do more in terms of salary promotion and retirement benefits he said NewsSourceCredit NAN
    We want Kwara Govt to pay full salary – Acting Provost
     The Acting Provost College of Education Ilorin Dr Jimoh Ayinla has called on Gov AbdulRahman AbdulRazaq to take full responsibility of teachers salary in all Colleges of Education in the state Ayinla made the appeal on Wednesday in Ilorin in an interview with the News Agency of Nigeria He said that the teachers want the present administration to take over all the affairs of the colleges in the state including paying of full salary He explained that the action would enable the state government to take charge of the Internally Generated Revenue IGR promotion of staff allocation of fund for school maintenance among others in the institutions The acting provost explained that the experience teachers had in the last administration was tough recalling that they were owed seven months salary They asked us to pay salary with whatever we realised from IGR in which we pay 10 per cent salary sometimes other times we pay 30 per cent and occasionally had to pay five per cent He however complimented AbdulRazaq for paying all the seven months salary arrears owed by the previous administration just six months after assuming office The Governor asked us to continue to use the IGR to compliment the salary he is giving all members of staff as well as maintain the school with the money generated Governor AbdulRazaq also increased the minimum wage from 70 per cent to 75 per cent and allowed all tertiary institutions in the state to negotiate at the council for their Peculiar Earn Academic Allowances These are the reasons why we want the present government to take over all the affairs of the institutions pay full salary instead of subventions and be in charge We sincerely thank the governor for doing his best and we promise to reciprocate but we want him to do more in terms of salary promotion and retirement benefits he said NewsSourceCredit NAN
    We want Kwara Govt to pay full salary – Acting Provost
    Education4 months ago

    We want Kwara Govt to pay full salary – Acting Provost

    The Acting Provost, College of Education, Ilorin, Dr Jimoh Ayinla, has called on Gov. AbdulRahman AbdulRazaq to take full responsibility of teachers’ salary in all Colleges of Education in the state.

    Ayinla made the appeal on Wednesday in Ilorin in an interview with the News Agency of Nigeria .

    He said that the teachers want the present administration to take over all the affairs of the colleges in the state, including paying of full salary.

    He explained that the action would enable the state government to take charge of the Internally Generated Revenue (IGR), promotion of staff, allocation of fund for school maintenance, among others, in the institutions.

    The acting provost explained that the experience teachers had in the last administration was tough, recalling that they were owed seven months salary.

    “They asked us to pay salary with whatever we realised from IGR, in which we pay 10 per cent salary sometimes, other times we pay 30 per cent and occasionally had to pay five per cent.

    ” He however complimented AbdulRazaq for paying all the seven months salary arrears owed by the previous administration just six months after assuming office.

    “The Governor asked us to continue to use the IGR to compliment the salary he is giving all members of staff, as well as maintain the school with the money generated.

    “Governor AbdulRazaq also increased the minimum wage from 70 per cent to 75 per cent and allowed all tertiary institutions in the state to negotiate at the council, for their Peculiar Earn Academic Allowances.

    “These are the reasons why we want the present government to take over all the affairs of the institutions, pay full salary instead of subventions and be in charge.

    “We sincerely thank the governor for doing his best and we promise to reciprocate, but we want him to do more in terms of salary, promotion and retirement benefits,” he said.


    NewsSourceCredit: NAN

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