Legislature
Senators urge FG to provide adequate funds for 3 national budgets running concurrently
***investigation into the N30trn ways and means on course, says Edun
The capital components of the three national budgets which are running concurrently in the country at the moment should be adequately funded, the Senate has urged the executive arm of the Federal Government
The Chairman of the Senate Committee on Appropriation, Senator Solomon Adeola, gave the charge when the Minister of Finance, Mr. Wale Edun and the Accountant General of the Federation, Dr. Mrs Oluwatoyin Madein, appeared before the panel over the performances of the budgets
Adeola took exception tothe poor funding of the capital components of the budgets as he urged the Coordinating Minister for the Economy to improve on it.
He said, “It is the capital component of the budgets that will showcase this government largely in terms of performances.
“The capital components tends to showcase various projects that will be executed by this government and people can say, oh, the government is doing this, it’s doing that.
“That is why we are emphasising on the performance of 2024 capital component of the project.
“The N1.84billion achieved so far out of a N9 trillion capital expenditure component is nothing to write home about.
“I would want you to please look towards this direction. And I want you to do more engagement with the ministries and departments and agencies of the government.”
Adeola urged the Minister to engage more with the MDAs because most of them were not aware of the current arrangement regarding funding of capital projects.
He said, “I tell you for free, some agencies will tell you that they have not been given any money for capital when we are fully aware that the process of payment of capital has changed.
“That shows a lot of engagement has to go on from time to time to bring it to their notice that you are no longer in charge of payment to contractors.
“I want you to please do a kind of continuous engagement. It will help so that everybody can come to terms that the system has changed.
“Everything about the method of payment, method of business has changed. I would say that. Coming back to the NNPCL, we make it known that we have been assured of two million barrels.
“Long before now, we have been on 1.2 million barrels over this period. So that shows that we now have the capacity of two million barrels. Why is it now the NNPCL is assuring us of two million barrels?”
The Senate panel chairman also hinted on plans by the red chamber to organise a public hearing on the NNPCL where stakeholders in the oil and gas sector would be invited including the Finance Minister.
He said, “We will soon bring every one in that industry, the NNPC, the upstream and downstream to the table because there are a lot of reports that we have concerning that which the Senate in no distant future will invite everybody.
“The Minister of Finance too might be invited to let us know what is really happening in our oil and gas sector.
“They have promised to deliver on our refineries for the last couple of months, billions of dollars have been expended and nothing to show for.
“The local producers have not been encouraged, the local refineries have not been encouraged. No progress has been made in this direction. So all this and more is what we look into in the future.”
Adeola however commended the Minister for achieving 100 per cent funding of the 2023 supplementary budgets.
He said, “We did supplementary budget, which we have achieved 100% release, which is highly commendable.
“It will not be out of place for you to have a periodic report on the implementation level of these agencies, so that at least you can be guided on why transiting to the new method of payment as you can be guided.
“As for the main 2023 budget, we are lagging behind by over 50 something percent, I also strongly believe that we should work around the clock.”
The Finance Minister indicatefthat the Federal Government had made progress in its ongoing forensic investigation into the N30trn ways and means.
He also said that the take off of the electric and CNG vehicles has been held up by a spike in the freight costs.
Edun added pledged that his ministry would intensify efforts in monitoring the revenue generating agencies to be up and and doing.
He equally said the debt service is up to date.
Edun said, “The procurement of electric and CNG buses and conversion kits, more importantly, has been held up by a spike in the freight costs.
“It’s just the ingenuity of one of the young men that is in that business that when I’ve got a bulk carrier that has a lower freight cost. Otherwise, the trade cost per bus became daunting and it made people just hold up to see whether in fact this procurement was profitable for them.
On debt payments, he said, “We have paid $700 million in debt services for 420 national development agencies and others”
Speaking on the ways and means, “We are also interrogating the 22.7 trillion that we met on the ground. We had instituted forensic audit to see the impact.
“We are also interrogating the revenues that are due to us from everybody because we need to. The view of the fact that ways and means is going down rather than up. So we are servicing all the debts.”
Legislature
NASS modifies NDLEA Act, Prescribes Life Imprisonment for Drug Traffickers
The National Assembly has modified the National Drug Law Enforcement Agency (NDLEA) Act to prescribe life imprisonment for individuals found guilty of storing, transporting, or concealing illicit drugs and substances.
The amendment was adopted on Thursday during plenary, presided over by Deputy Senate President Barau Jibrin, following broad support from the senators.
The amendment reflects a harmonised position of the Senate and the House of Representatives on Section 11 of the NDLEA Act.
The House had earlier passed an amendment prescribing life imprisonment for drug traffickers, while the Senate had proposed the death penalty.
To reconcile the differences, a conference committee of both chambers was convened. Senator Tahir Monguno, Chairman of the Senate Committee on Judiciary, Human Rights, and Legal Matters, presented the harmonised version to the Senate.
He urged lawmakers to adopt the House’s position of life imprisonment, arguing that enforcing the death penalty could lead to the execution of over 900 accused persons currently awaiting trial for drug-related offenses.
The Deputy Senate President who presided over the plenary had put the resolution to a voice vote, and the majority of senators supported the amendment.
The approved version stipulates life imprisonment for offenders.
The amended section now reads:
“Anybody who is unlawfully involved in the storage, custody, movement, carriage, or concealment of dangerous drugs or controlled substances and who, while so involved, is armed with any offensive weapon or is disguised in any way, shall be guilty of an offence under this Act and liable on conviction to be sentenced to life imprisonment.”
This amendment aims to strengthen the fight against drug trafficking while addressing concerns over human rights and the judicial implications of the death penalty.
The move is part of efforts to curb the growing menace of drug trafficking and its adverse effects on Nigerian society. According to Senator Monguno, the life imprisonment penalty strikes a balance between deterrence and humane judicial practice.
With the amendment, the NDLEA now has a robust legal framework to prosecute offenders and combat drug-related crimes effectively.
Legislature
President Tinubu urges Senate to approve ₦1.767trn External Loan
President Bola Ahmed Tinubu has formally requested the National Assembly’s approval for a $2.209 billion (₦1.767 trillion) external borrowing plan to finance part of the ₦9.17 trillion fiscal deficit in the 2024 budget. The loan, included in the 2024 Appropriation Act, is critical to the government’s broader strategy for economic recovery and growth.
In a letter to Senate President Godswill Akpabio, President Tinubu noted that the borrowing aligns with the provisions of Sections 21(1) and 27(1) of the Debt Management Office (DMO) Establishment Act, 2003. He also indicated that the Federal Executive Council (FEC) had approved the plan.
The President explained that the funds would be sourced through Eurobonds or similar external financial instruments. A detailed summary of the loan’s terms and conditions accompanied the letter to guide legislative scrutiny.
“This borrowing is necessary to address the budget deficit and fulfill our fiscal strategy for 2024. Swift approval will enable us to move forward with mobilizing these funds,” the President stated, emphasizing the urgency of the request.
Senate President Akpabio referred the matter to the Committee on Local and Foreign Deb
Legislature
Senator Natasha Transforms Kogi Central Schools with 5,000 Digital Learning Devices
By Isah Bala
Access to quality education is a cornerstone of societal progress, and Senator Natasha Akpoti-Uduaghan is embodying this vision by bringing transformative educational tools to Kogi Central. In a groundbreaking initiative, the senator recently provided 5,000 digital learning devices to public primary and secondary schools in her district, aiming to bridge the digital divide and set a new educational standard.
The devices, unveiled at Abdul Aziz Attah Memorial College (AAAMCO), are preloaded with the Nigerian curriculum from UBEC and internationally acclaimed educational resources, including Khan Academy and Discovery Kids. Through this initiative, students will experience interactive learning, enabling them to explore subjects in depth, enhance digital literacy, and engage with complex topics in a hands-on way.
This project is just the beginning of Senator Natasha’s ambitious plan to make “smart schools” the norm in Kogi Central. She envisions a future where every child in her district has equal access to digital learning, stating, “My dream is to equip all public primary and secondary schools in Kogi Central with digital learning devices before the end of my tenure in 2027.”
Beyond device distribution, the senator’s initiative includes UBEC-led teacher training to ensure educators are equipped to integrate these tools into their classrooms effectively.
With this dual approach of student and teacher empowerment, Senator Natasha is laying a foundation that will support digital literacy and skill development for years to come.
Senator Natasha’s commitment to educational advancement represents a significant step forward for Kogi Central, ensuring that young students have access to the tools they need to succeed in an increasingly digital world. This initiative marks her dedication to the constituency that entrusted her with this mandate.
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