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NDDC Presents N2.28tr (2021,2022,2023)”Budget of Rewind to Rebirth”, To Reps
Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku yesterday presented budget estimates for years, 2021, 2022 and 2023 to the House of Representatives Committee on NDDC.
In the break down of the consolidated 2021, 2022 2023 budget estimates, christened “Budget of Rewind to Rebirth”, the commission’s MD , said an aggregate expenditure of N485.7Billion is proposed for 2021, while N928.2 billion was for the year 2022 and N876 billion for 2023
He said the revenue estimate includes Cash brought forward of N35.5 billion in 2021, N3billion in2022 and N5 billion in 2023.
“Federal Government statutory transfers of N85 billion for 2021 and N150billion for 2022 and 2023 each fiscal year. Unpaid arrears of N100 billion from the Federal Government for 2021, N504billion for 2022 and N450billion for 2023 being expected revenue from the Federal Government through recovery by the EFCC from oil companies. Expected Revenue of N250 billion from the Oil & Gas Companies for 2021, and also for 2022 and also for 2023 fiscal year. Expected N15 billion from Ecological fund for 2021, N20.7billion for 2022 and N20billion for 2023. N200 million is expected from internally generated (bank interests and sales of boarded items) for 2021 while N500million is expected
in 2022 and 2023 respectively.” he added
The NDDC Boss said the proposed budget estimates for 2021 personnel is N28.2 billion while N34.2 billion is proposed for 2022 and 2023.
He said the increase is meant to reflect the new staff strength as well as outstanding promotion arrears owed to staff and those due to be promoted.
“We shall sustain our efforts in managing our overhead costs. Accordingly, Overhead costs are projected at N14.5 Billion for 2021 and N16.5 Billion for 2022 and N17.4 Billion for 2023. Investing in critical infrastructure is a key component of our fiscal strategy under the 2023 Budget Proposals. The present Management has noted that the Commission alone would not be able to effectively address the development challenges in the Niger Delta region and are re-navigating its process of intervention by adopting Public-Private-Partnership model as a vehicle to drive a sustainable development in the Niger Delta Region.
“Accordingly, an aggregate sum of N440 Billion is proposed for capital projects in 2021 while N873 Billion is proposed for 2022 and N820.5 Billion for 2023. N2.9 Billion is proposed for the Internal Capital (Fixed Assets budget for 2021 while N3.7 Billion for 2022 and 2023
“Although the 2023 budget is being presented late to this Honorable Committee, we are
confident that we shall strive to channel the lean resources to impactful projects/programmes,” he said.
Chairman of the House Committee on NDDC, Hon Olubunmi Tunji Ojo, said it was their responsibility to scrutinize every detail of the proposals to ensure the best decision is made for the organization.
“It is pertinent to state that as we would be analysing the proposals, our ultimate goal is to ensure that they are realistic, achievable and, most importantly, in the best interest of all concerned.
“It is my desire and my hope that the budgets being considered, when passed, would be made to work for the people of the Niger Delta region. We know the needs of the region and I think it is time the NDDC must play its role. The role of the NDDC is not just to provide succour but also to provide sustainability, development and to reshape the destiny of the Niger Delta region. I sincerely hope and I pray – because this is your first budget as a board – that under this board, you will go back, update your Niger Delta development plan and implement critical projects that will add value to the lives of our people.
“The people of the Niger Delta are in need of hope – renewed hope – and we think the actualisation of the renewed hope would be provided by this board. I plead with you, as much as we are ready to work with you, we are also ready to stand against you if necessary. We have to take note of that. For those that are familiar with this committee under my leadership, it is a fact that when we need to stand, we stand; and when we need to cooperate, we cooperate. We will not cooperate with you if the interest of the region is not being protected.”
END
By Kassim Omomia
The House of Representatives Committee on Steel has assured that it will effectively oversight all subsidiaries, agencies, especially research and development centres conneted to Ajaoukuta steel company and Steel development in the country, in order fulfil the long dream of making Nigeria a global steel producer
Chairman of the House Steel Sub- Committee on National Metallurgical Development Centre, NMDC , Hon Abdulmaleek Danga, stated in Jos during an oversight and investigation of petitions of contracts allegedlly awarded, paid- for, but not completed
He stated that the current Committee on Steel in the National Assembly was committed to ensuring proper oversight of steel devevelopment related agencies and research institutions so as to make Ajaokuta work this time around
Hon Danga told staff and top management cadre led by the Director General of the National Metallurgiical Develoomemt Centre, Professor Linus Asuquo, that the Committee was at the Centre in Jos, to carry out a thorough oversight and investigation , following a petition
He reminded the management , staff and Unions of the NMCD of the importance of the establishment of the Centre as a critical support base to sustain Ajaokuta Steel company
“We are here. We will do a thorough job here to sustain Ajaojuta and make it work. This place, (NMDC) must work first before we go to Ajaokuta”
Adressing the petition, Hon Danga pointed that with the avalanche of petitions against the NMDC, the place cannot work
He noted that petitions without facts and figures are retrogresive and create backwardness and stunt growth of any organisation
He noted that even though petitions have become the order of the day in our public life, they are undesirable, create backwardness ,stunt growth and as well create impressions that government agencies are wasting resources, especially when the petitions are without facts and figures
He added that the House was set to ensure the sustenance of NMCD and other ancillary steel agencies. so that Ajaokuta which is so dear to the current government can come on full stream
The subcomittee oversighting NMCD,Jos, which also included Honourable Ayuba Danba, Hon Domimic Okafor,embarked on a facility tour of the massive centre after a thorough session with management, top Staff, contractors, visiting the various departments, laboratories and workshops and projects executed by contractors especially those disputed in the petitions currently investigated by the sub-committee.
The Committee also addressed some aggrieved union leaders, who laid siege on the committee members in one of the sections of the Centre to express their grievances and alleged mismanagement of the Institute by the Prof Asuquo management
Hon Danga, however, appealed to both sides to work harmoniuosly , so that the current efforts of reviving Ajaokuta are achieved by the House of Representatives Committee on Steel and the President Bola Ahmed Tinubu’s administration.
According to the lawmaker, there is a noticeable lack of communication between the management and some critical stakeholders in the institute, which can result to misunderstanding, misconception about the Centre ,and thus, the avalanche of petitions
“Please work together, so that the current administration can revive Ajaokuta and make Nigeria a steel producing country, which is a dream long sought” he, advised
About 1000 Civil Society Organizations, CSOs, under the auspices of Coalition Of Civil Society Organisations, CCSOs, on Saturday Faults President Bola Ahmed Tinubu’s Economic Team and called for immediate reconstitution.
Expressing deep concern and worry over the state of the economy and escalating fuel prices compounding the hardship of Nigerians despite the recent protest, the groups said Tinubu must act now to avert disintegration.
The groups said the current situation across the country has cast doubt on the competence of the Tinubu economic team and called for urgent review.
The CCSOs in a statement signed by its National Coordinator, Mallam Ibrahim Mohammed, pointed out that the plight of Nigerians is sinking low and their patience is wearing off following the deteriorating economy.
The statement reads in part, “The Coalition of Civil Society Organisations (CSOs) is deeply concerned about the deteriorating state of the Nigerian economy, which is becoming increasingly unbearable for millions of citizens.
“It is evident that the recent hike in fuel prices and the unstable exchange rate are the direct results of economic mismanagement by those responsible for overseeing our nation’s financial policies. The ripple effects of these failures are being felt in every household across the country, worsening poverty and crippling economic activity.
“The floating of the Naira, which was initially sold to Nigerians as a means of stabilizing our currency, has done little to prevent the continued devaluation of the Naira. In fact, the exchange rate disparity has widened significantly, with the Naira losing value daily, impacting the cost of living, basic commodities, and inflation.
“While this policy was expected to ease foreign exchange pressure, it has instead deepened economic challenges due to poor implementation and lack of strategic foresight.”
The coalition also expressed concern over what it described as death trap of indebtedness of the Nigerian National Petroleum Company Limited, NNPCL, which also they claimed had slowed down importation of Premium Motor Spirit, PMS, hence the current shortage of PMS across the country.
“Of equal concern is the precarious position of the Nigerian National Petroleum Company Limited (NNPCL), which finds itself in a debt trap, with global suppliers of petroleum products losing confidence in Nigeria’s ability to honour its obligations.
“Reports have shown that NNPCL has accrued debts totalling over $6 billion, causing petrol supply shortages. International suppliers are now reluctant to continue providing fuel on credit, exacerbating supply chain issues and pushing up the price of petrol at the pump”, they claimed.
The CSOs also asserted that, “We hold the managers of the Nigerian economy responsible for these disturbing developments. Their inability to provide sound policies and long-term solutions has left the nation in this predicament.
“It is clear that there is no cohesive strategy to address the rising debt, the growing imbalance in the foreign exchange market, or the country’s heavy reliance on importation for petrol supply. The recent hike in fuel prices reflects the collapse of responsible economic management and accountability.
“Nigerians are left to bear the brunt of these failures. Businesses are shutting down, transportation costs have skyrocketed, and citizens are spending an increasingly larger percentage of their income on basic necessities. This state of affairs is unacceptable.”
The group therefore placed some demands; Immediate intervention from the government: There needs to be a comprehensive and transparent plan to stabilize the Naira, restore confidence in the petroleum supply chain, and negotiate a restructuring of NNPC’s debts to ensure continuous fuel supply.
“Accountability for economic mismanagement: Those responsible for the reckless management of our foreign exchange policies and NNPC’s debts must be held accountable. The government must also disclose its plan to mitigate the rising fuel costs and economic burden on Nigerians.
“A return to sound financial policy: The floating of the Naira has proven ineffective under current conditions. We call for a re-evaluation of monetary and fiscal policies to stabilize the economy, reduce inflation, and attract foreign investment.
“In conclusion, the Coalition of Civil Society Organisations reiterates that without immediate corrective measures, the economic situation will continue to deteriorate, leading to further hardship for the average Nigerian. The government must act decisively and responsibly to reverse this downward spiral”, they added.
…..Says They ‘re Bunch of Hypocrites,
By Sim Omo
A group known as Patriots of Nigerian Democracy has lambasted the 2023 Governorship Candidate of the Labour Party in Lagos State, Gbadebo Rhodes-Vivour and other leaders of the party for saying they will take over Lagos State in 2027.
It will be recalled that Rhodes-Vivour while speaking to journalists in Umuahia, Abia State capital at the end of LP’s extended stakeholders’ meeting on Wednesday said that they will take over Lagos.
“LP is now well structured, not just to win but to take power in 2027. What we have come to do here in Umuahia is to bring everybody on the same page. We are set for new victories in 2027.
“I believe Labour Party will win Lagos State more convincingly in 2027. Since after the 2023 elections, work has not stopped; we have not gone quiet. Every day, we are getting stronger and stronger.
“So, we are not just going to win but stand up and take power”, Gbadebo Rhodes-Vivour had said in Umuahia.
Reacting to the statement, the group said that LP leaders are a bunch of hypocrites who pretend to be on the side of the people but neck deep in their selfish interests.
The statement jointly signed by the President of the group, Comrade Olaolu Esan and the Secretary, Engr. Abdullahi Rabiu recalled that LP and its supporters recently attacked the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu for urging the Abia State Governor, Dr. Alex Otti to rejoin the All Progressives Congress (APC), vowing that the ruling party will win the State in 2027 in a viral video.
“All hell was let loose recently when the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu in a video that went viral called on the Governor of his own Abia State, Dr. Alex Otti to rejoin APC.
“Kalu came under heavy criticism and attacks by LP and its supporters. They criticized him for speaking his mind. They made Nigerians to see him in bad light as if what he said was a taboo.
“But here we are. Just about one or two weeks afterwards, the same LP leaders assembled in Umuahia, the Abia State capital to issue a quit notice to APC in Lagos.
“So, where is their nobility? Where is their shame? They abandoned governance for politics of 2027. How does that make them the “Saints” of the Nigerian politics? Are they for the people or against the people?
“We had thought that the LP leaders gathered in Umuahia to discuss the biting economy and the solution. We had thought they gathered to tell Nigerians how they will entrench good governance in Abia State but didn’t know their meeting was about strategies to take over Lagos, an APC controlled State. We have waited for Abia Governor, Dr. Alex Otti to call Rhodes-Vivour to order or to at least tell him, it is not yet time for politics but more than 24 hours, none of the LP’s leaders has done that.
“We want to say that this is very unfortunate. It simply means that politicians irrespective of their political parties and leanings are all one and same. They always think about the next election and not about good governance. They are always after their personal agenda and selfish interests.
“If this will be tolerated, it simply means that the Deputy Speaker, Rt. Hon. Kalu is vindicated. Labour Party supporters owe the Deputy Speaker a collective apology for attacking what he said and saying what they attacked. This is hypocrisy.
“Gbadebo Rhodes-Vivour’s comment indicates and gives a feeling that the media attacks on Kalu were actually sponsored even though it was highly unnecessary. LP leaders can’t be a bunch of hypocrites.
“Our concerns are good governance and the welfare of the Nigerian people. While we are not saying that politicians should not “battle” themselves over 2027, they must ensure that Nigerians get the dividends of democracy. Good governance should not be sacrificed on the altar of politics. Nigerians should not be shortchanged in anyway rather their lives should be improved by every means possible. That is our position”, the statement stated.
