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Economy /Business

Buhari signs N982 billion 2021 supplementary budget, commends NASS for expeditious consideration




By Abdullahi Mohammed, Abuja
President Muhammadu Buhari Monday in Abuja signed a supplementary budget of N982.7bn for 2021 to address urgent security and COVID-19 needs of the nation.The President signed the Supplementary Appropriation Act, 2021 in his office at the State House in the presence of Vice President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha, Chief of Staff, Prof. Ibrahim Gambari and Director-General, Budget Office of the Federation, Ben Akabueze and Senior Special Assistant to the President on National Assembly Matters (House), Hon. Umar  el-Yakub.

Of the amount, N123.3 million is for recurrent (non-debt) expenditure while the sum of the N859.3bn is for contribution to the Development Fund for the capital expenditure for the year ending on the 31st day of December, 2021.The President commended the National Assembly for the expeditious consideration and approval of the supplementary budget, assuring that the executive arm of government would ensure the timely delivery of capital projects to achieve the laudable objectives of the Budget.

 Meanwhile, the President has also, at an earlier date, signed the Orthopedic Hospitals Management Board (Amendment) Act, 2021.The Act amends the Orthopedic Hospitals Management Board Act Cap. O10 Laws of the Federation of Nigeria, 2004 to provide for the establishment of the Orthopedic Hospital Jos, Plateau State under the control of the Orthopedic Hospitals Management Board affiliated to the Jos Teaching Hospital to provide specialised orthopedic treatment and medical services.



Osun sensitises herdsmen on anti-open grazing law




Osun Gov. Gboyega Oyetola

Osun State government on Wednesday in Osogbo began the sensitisation of herdsmen on the recently-passed anti-open grazing law.

Newsmen report that the sensitisation, which had heads of herders groups in the state in attendance, was organised by the State’s Civic Centre.

Newsmen also report that the House of Assembly passed the Bill entitled: “Bill to Regulate Animal Grazing and Establishment of Cattle Ranches and other Related Matters’’ on Aug. 12.

Gov. Gboyega Oyetola, thereafter, signed the bill into law on Sept. 15.

Speaking at the sensitisation, Special Adviser to Gov. Oyetola on Civic Engagement, Mr Olatunbosun Oyintiloye, said the programme was put in place to sensitise herdsmen on the content of the law.

Oyintiloye said the programme was to let the herdsmen understand that the law was not meant to witch-hunt or segregate them in the state.

“There is need for us to sensitise and enlighten them on the content of the law so that they will not run afoul of it and also to tell them that the law is not to witch-hunt them in form of segregation.

“The programme is also to educate them to operate within the ambit of the law and not to claim ignorance of it,’’ he said.

Oyintiloye, who appreciated the herdsmen on the peaceful coexistence with their host communities, appealed to them to try as much as possible to operate within the law.

He said Gov. Oyetola would continue to provide enabling environment for them to operate and transact their businesses.

In her marks, Mrs Abiodun Ige, Special Adviser to the governor on Security, said farmers and herdsmen should continue to live peacefully in the state.

Ige said that the law would take its course on anyone that ran afoul of it.

“What concerns security in this matter is that anybody that runs afoul of the law, the law will take its course.

“If farmers and herdsmen have been working together peacefully without a problem, we will still advise they work together without any problem.

“But we do not want any breakdown of law and order. If there is anything like that, the law will take its course.

“We have advised that if there is any issue, they should report promptly to security agencies,’’ she said.

The Commissioner for Agriculture and Food Security, Mr Dayo Adewole, said that the law was not to fight herdsmen but to sustain the peaceful coexistence between them and farmers.

In his remarks, Mr Mudashiru Toogun, Chairman, Committee on Peaceful Coexistence between herders and farmers, also urged herdsmen to continue to coexist with the host communities peacefully.

Toogun said that with the law in place, anyone caught practising open grazing would face the law.

In his remarks, the Seriki Fulani in the state, Alhaji Ibrahim Babatunde, said herders believed that the law would be of benefit to them.

Babatunde said that herders would educate one another on the law, adding that they would also continue to live peacefully with their host communities.

He appreciated the governor for providing a peaceful environment for herdsmen to operate in the state.

Source: (NAN)

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Economy /Business

Coalition lists Nigeria’s economic exploits amidst COVID-19 downturn, rallies support for Buhari, Emefiele





Members of All Civil Society Groups under the aegis of Coalition of Civil Society Groups have taken a deeper look into Nigeria’s current economic exploits despite prevailing COVID-19 pandemic issues.

To this end, the coalition on Wednesday at the Unity Fountain in Abuja held a solidarity rally in support of President Muhammadu Buhari and the Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele.

In an address, the President Coalition of Civil Society Groups,  Mr Etuk Bassey Williams said the purpose of the rally is to show appreciation to the two leaders for their sterling leadership style in tackling the economic challenges in the country occasioned by the global economicdownturn.

His speech reads, “We are gathered here in solidarity for the present leadership of the Country on their efforts towards ensuring that our economy continue to survive despite the economic downturn occasioned by the unstable low price of crude oil in the International Market, advent of Covid-19 pandemic and the multifaceted insecurity challenges facing our country.

“The achievements by the Government under the leadership of President Buhari cannot be possible without the support of the able lieutenants appointed to head the Central Bank of Nigeria (CBN) under the able leadership of Mr. Godwin Emeficle who has made efforts to turn around the negative indices of the economy as a result of good policies.

“We applaud the recorded achievements in the Micro, Small and Medium Enterprises (MSMEs), the small Farm holders. We also appreciate his effort towards assisting our industries to meet-up with international standard in the quality of goods produced for export”.

Speaking further, Mr. Williams said many Nigerians have benefited from wonderful policies of the CBN such as the Youth Entrepreneurship Development Programme (YEDP), Accelerated Agricultural Development Scheme (AADS), the Agri-business/Small and Medium Enterprises Investment Scheme (AGSMEIS).

He added that these policies have impacted positively in the lives of many Nigerians.

“The Anchor Borrowers Programme that has increased yield per hectare and food security in the country is a plus to the CBN. This policy among others is in support of the drive by the Government to diversify the economy and stimulate growth in the agriculture sector.

“It is without doubt that the Effort of CBN in ensuring protection of Bank customers, effective supervision of Deposit Money Banks and Other Financial Institutions; and deepening of financial inclusion through an effective banking and payments system in recent times has yielded positive results

“Governor Emeficle’s support for the Creative Industries through the Creative Industry Financing Initiative (CIFI), which is being implemented in collaboration with the Bankers’ Committee, is a huge boost in the Creative Industry.

“We frown at the economic sabotage going on in the Forex market. We condemna situation where the disparity between the official bank-exchange rates for dollar/naira will be too high, thereby creating inflation.

“We applaud the sincere effort to salvage the naira, the CBN stop of sales of Forex to Bureau De Change (BDC) Operators who exploit and artificially inflate dollar/naira exchange. We applaud this move to discourage illicit financial flow, BDC racketeering and indiscriminate round tripping.

“We hereby call on the Governor to suspend the activities of the BDC operators in totality and supply money to the commercial Banks,

“We also demand that a monitoring committee that comprises of EFCC, CBN and NFIU be set up to cheek and arrest BDC operators who go to the Banks to buy off the dollar using fake application.

“We also applaud the CBN introduction of e-naira, we are confident that this policy will stimulate economic activities that will result into job and wealth creation”.

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NIPSS, dRPC, Finance ministry to monitor women’s economic empowerment intervention programmes




Participants at the TWG inauguration.event comprising of representatives of MDAs and CSOs in a group picture. Abuja, Tuesday, 21st September 2021

The National Institute for Policy and Strategic Studies(NIPSS) in collaboration with the Development Research and Project Center(dRPC) and the Federal Ministry of Finance, Budget and National Planning(FMFBNP) on Tuesday inaugurated a Technical Working Group (TWG) to monitor budgetary implementations of Women’s Economic Empowerment (WEE) programmes .

The TWG which is conceived to monitor and evaluate the formulation and implementation of WEE programmes, is in recognition of the key importance of women’s economic empowerment to the economic development of the nation and this includes the ability of women to participate equally in existing markets; having access to and control over productive resources, access to decent work, control over their time and lives; and having increased voice as well as meaningful participation in economic decision-making at all levels from the household to international institutions.

In an event which held at the Bolton White Hotels, Abuja, had in attendance officials of the Federal Ministry of Finance, Budget and National Planning, National Institute for Policy and Strategic Studies(NIPSS), dPRC, MDAs

The TWG led by Dr Zakari Lawal (mni), is part of initiatives by the Bill and Melinda Gates’ Partnership for Advancing Women’s Economic Development, PAWED, and it aims at entrenching accountability in the implementation of women’s economic advancement programmes and the monitoring group is comprised of 10 MDAs from across Nigeria.

The group is to provide support in the areas of development and implementation of monitoring and evaluation frameworks and to track and rate women’s empowerment projects/policies/ interventions at both the national and sub national levels. The group is to also support the advocacy for and dissemination of the WEE Monitoring and Evaluation Framework; support NIPSS, FMFBNP and dRPC WEE outreach and it will function under the guidance and oversight of the NIPSS, FMFBNP and dRPC.

In his address, the DG NIPSS, represented at the event by Dr Nasrideen Usman, said that the TWG is constituted to foster the accountability components of the NIPSS strategies and added that there’s need for clarity especially in terms of the roles of stakeholders and, that it should be well articulated and clearly stated so that, every stakeholders like the NIPSS, dRPC TWG and the CBN would know what is expected of them and also guide in the implementation of the initiative.

He also said the TWG is expected to make recommendations to the National Institute for Policy and Strategic Studies (NIPSS), the development Research and Projects Center (dRPC) and the Federal Ministry of Finance, Budget and National Planning (FMFBNP) on the development of advocacy strategies for the affective implementation of WEE policies.

He further added that the monitoring group would also support NIPSS, FMFBNP & dRPC WEE outreach and engagement activities; submit reports of its activities to NIPSS, FMFBNP & dRPC WEE at regular intervals and carry out other ad hoc duties as requested by NIPSS, FMFBNP & the dRPC.

Dr Nasrideen remarked that women constitutes over 44.82% of the labour force and that empowering this segment of our population is not only key to achieving economic independence, but also, critical in sustaining the nation’s overall economic development’ therefore, the nation stands to gain when women are economically and adequately empowered as it will help in addressing some of its economic challenges .

He concluded by imploring the 20 committee members drawn from the CBN, the Ministry of Agriculture, Ministry of Finance, budget and National planning and other MDAs, to work hard in order to ensure transparency

In his goodwill message, Dr Zakari Lawal (mni) Director, Monitoring and Evaluation, Federal Ministry of Budget and National Planning, stressed the need for strengthening the monitoring and evaluation mechanisms and gave assurance of the federal government’s readiness to set up mechanisms that will promote transparency in the allocations and implementation of WEE policy programmes in the country.

The TWG will be training participants in techniques and skills for tracking budget allocations and implementation on Wednesday and Thursday at the Bolton White Hotel in Abuja.

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