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Saturday, 7 May 2016

Herdsmen and the killings

Enugu killings: Herdsmen celebrated as they slit our kinsmen’s throats
http://www.todaysnigeri
agist.com/2016/05/enugu-killings-h
erdsmen-celebrated-as.html

NEWSPAPER REVIEW FOR TODAY

HEADLINES: Sat. 7th May 2016
PUNCH
*Osinbajo laments $45.5bn steel products' annual import bill
*Edo: Oshiomhole tangles with deputy in succession crisis
*More outrage over grazing bill, killer herdsmen
www.punchng.com/
VANGUARD
*Four sentenced to death by hanging in Ebonyi over kidnapping, murder
*Kidnappers of UNICAL Staff demand N60m
*PDP LG Congresses first step towards reclaiming FG ' Ojugboh, Akobundu
*Kidnappers kill businessman after collecting N15m
*Edo 2016: Oshiomhole, Odubu must not set Edo on fire- Onaiwu
*Man with 1,055kg of Indian hemp arrested in Jigawa
*FG retains oil benchmark at $38, exchange rate at N197/US$
*The Edo woman that pulled the tail of the tiger
**Rio Olympics: Siasia faces selection headache over over-age players
*Giwa storms NFF, arrested by Police
www.vanguardngr.com/
TRIBUNE
*At last, Buhari signs N6.06trn 2016 budget
*FG ready to partner Ondo on bitumen exploration ' Fayemi
*Militants blow up more oil, gas installations
*PDP will win coming Ondo governoship poll 'Famoyede
*Donor alleges $3.8m AIDS fund fraud
*EFCC 'surrounds' Fani-Kayode's house
*S/West PDP leaders zone offices ahead convention
*Benue security council directs immediate rescue of kidnapped priest
**Emenike is talking rubbish 'Akinwunmi
*Ex-FIFA chiefs, Bedoya, Jadue banned for life
www.tribuneonlineng.com/
THE SUN
*2016 Budget will ginger economy growth'Minister
*Raids Access Bank's head office, arrests MD
*Enugu massacre planned in Kogi, suspect confesses
*I was never arrested by EFCC 'Udenwa
*Joining the police was a big gamble 'Okiro
*Dogara blames Jonathan for escalation of insurgency
*Buhari not President of North 'Edwin Clark, Ekwueme
*Bode George's ambition will plunge PDP into crisis 'Oyedokun
*Suicide attempt: Why I swallowed 8 sachets of rat poison -Ex-police officer
www.sunnewsonline.com/

REMARKS BY PRESIDENT MUHAMMADU BUHARI AT THE SIGNING OF THE 2016 APPROPRIATION BILL INTO LAW ON FRIDAY, MAY 6, 2016, ABUJA


1. It gives me great pleasure today to sign the first full-year budget of this administration into law. I thank the leadership of the National Assembly, in particular, the Senate President and the Speaker of the House of Representatives, and indeed all members of the National Assembly for their cooperation in making this a reality.
2. The budget is intended to signpost a renewal of our commitment to restoring the budget as a serious article of faith with the Nigerian people. This Administration is committed to ensuring that henceforth the annual appropriation bill is presented to the National Assembly in time for the passage of the Act before the beginning of the fiscal year.
3. Through the 2016 budget, aptly titled "Budget of Change’’, the government seeks to fulfill its own side of the social contract. The Budget I have signed into law provides for aggregate expenditures of N6.06trn. Further details of the approved budget, as well as our Strategic Implementation Plan for the 2016 budget, will be provided by the Honourable Minister of Budget and National Planning.
4. I shall be speaking in more details about the Budget, its implementation and the over-all national economic and social policies of the Government in my address on May 29th, God willing.
5. In designing the 2016 budget, we made a deliberate choice to pursue an expansionary fiscal policy despite the huge decline in government revenues from crude oil exports. This is why we decided to enlarge the budget deficit at this time, to be financed principally through foreign and domestic borrowings. All borrowings will however be applied towards growth-enhancing capital expenditures.
6. The signing of the budget today will trigger concerted efforts to reflate the Nigerian economy, a key element of which is an immediate injection of N350bn into the economy by way of capital projects. To illustrate our renewed commitment to infrastructural development, the 2016 budget allocates over N200bn to road construction as against a paltry N18bn allocated for same purpose in the 2015 budget.
7. Despite the current difficulties we will work extra-hard to achieve our revenue projections. Our revenue generating agencies are coming under better management and are being re-oriented. The implementation of the Treasury Single Account (TSA) is expected to contribute significantly to improving transparency over government revenues.
8. Our determined fight against corruption is resulting in improvements in the quality of public expenditure. The work of the Efficiency Unit, as well as other public financial management initiatives, are also contributing in this regard. The continuing efforts to reduce recurrent expenditures should hopefully free up more funds for capital expenditure in 2017 and beyond.
9. As I said in my New Year message, living in State House does not in any way alienate me from your daily struggles. I read the newspapers and listen to the TV and radio news. I hear your cries. I share your pains.
10. We are experiencing probably the toughest economic times in the history of our Nation. I want to commend the sacrifice, resilience and toughness of all Nigerians young and old who have despite the hardships continued to have hope and confidence of a great future for Nigerians. But permit me to say that this government is also like none other. We are absolutely committed to changing the structure of the Nigerian economy once and for all.
11.We are working night and day to diversify the economy so that we never again have to rely on one commodity to survive as a country. So that we can produce the food we eat, make our own textiles, produce most of the things we use. We intend to create the environment for our young peoples to be able to innovate and create jobs through technology.
12. I cannot promise you that this will be an easy journey, but in the interest of so much and so many we must tread this difficult path. I can assure you that this government you have freely elected will work with honesty and dedication, day and night to ensure that our country prospers and that the prosperity benefits all Nigerians. God bless Federal Republic of Nigeria.

ABOUT THE BUDGET

The cut in the budget was essentially from the recurrent component, an indication that the government is serious about cutting cost on items like travels, welfare and honorarium across many ministries departments and agencies.
Details of the signed budget are yet to be made public by the Budget Office but it was learnt that the Lagos-Calabar rail project which generated a lot of controversy is contained in the new budget.
It was gathered that the Budget and National Planning, Senator Udo Udoma has admitted that the lateness of the 2016 Appropriation Act may hinder Federal Government’s aim of achieving a full implementation this year.
“Our aim is 100 per cent implementation because the budget is a law that must be implemented. But the reality is that we may not achieve this because we are starting late,” the minister told State House correspondents shortly after President Buhari signed the budget at the President Villa, Abuja.
Charles Mafe, Director of Information at the Ministry of Budget and National Planning, told The Nation that comprehensive details of the 2016 national budget would be presented by Senator Udoma at a press conference scheduled to take place in Abuja next Thursday.
On December 22, last year, President Buhari presented a budget proposal totalling N6. 08 billion to a joint session of the National Assembly.
It comprised a total of N351bn for statutory transfers, N2.8trn for recurrent expenditure and N1. 8trn for capital expenditure.
The National Assembly subsequently reduced the total budget sum from N6.08 trillion to N6.06 trillion with N351bn for statutory transfers, N1.4 trillion for debt service, N2.6 trillion for recurrent expenditure, and N1.5 trillion for capital expenditure.
Challenges
 With the latest  attack on Chevron Corp’s Okan oil facility, the company’s production level has declined by 90, 000 barrels per day while Nigeria’s oil output now lingers at a 22-year low.
Such unexpected production cuts caused by militants in the Niger Delta indicates decreasing likelihood of attaining the 2016 budget’s oil production target of 2.2 million barrels per day.

ABOUT THE 2016 BUDGET

The cut in the budget was essentially from the recurrent component, an indication that the government is serious about cutting cost on items like travels, welfare and honorarium across many ministries departments and agencies.
Details of the signed budget are yet to be made public by the Budget Office but it was learnt that the Lagos-Calabar rail project which generated a lot of controversy is contained in the new budget.
It was gathered that the Budget and National Planning, Senator Udo Udoma has admitted that the lateness of the 2016 Appropriation Act may hinder Federal Government’s aim of achieving a full implementation this year.
“Our aim is 100 per cent implementation because the budget is a law that must be implemented. But the reality is that we may not achieve this because we are starting late,” the minister told State House correspondents shortly after President Buhari signed the budget at the President Villa, Abuja.
Charles Mafe, Director of Information at the Ministry of Budget and National Planning, told The Nation that comprehensive details of the 2016 national budget would be presented by Senator Udoma at a press conference scheduled to take place in Abuja next Thursday.
On December 22, last year, President Buhari presented a budget proposal totalling N6. 08 billion to a joint session of the National Assembly.
It comprised a total of N351bn for statutory transfers, N2.8trn for recurrent expenditure and N1. 8trn for capital expenditure.
The National Assembly subsequently reduced the total budget sum from N6.08 trillion to N6.06 trillion with N351bn for statutory transfers, N1.4 trillion for debt service, N2.6 trillion for recurrent expenditure, and N1.5 trillion for capital expenditure.
Challenges
 With the latest  attack on Chevron Corp’s Okan oil facility, the company’s production level has declined by 90, 000 barrels per day while Nigeria’s oil output now lingers at a 22-year low.
Such unexpected production cuts caused by militants in the Niger Delta indicates decreasing likelihood of attaining the 2016 budget’s oil production target of 2.2 million barrels per day.

Friday, 6 May 2016

Buhari signs 2016 budget
President Muhammadu Buhari on Friday signed the 2016 Appropriation Bill into law ending weeks of face-off between the National Assembly and the Executive.
The budget was signed at a brief ceremony held inside the President’s office at the Presidential Villa, Abuja.
Those who witnessed the event included Vice-President Yemi Osinbajo; President of the Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the All Progressives Congress, John Odigie-Oyegun; and chairmen of the Appropriation Committees of both chambers of the National Assembly.
Others were the Minister of Finance, Kemi Adeosun; the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang; and the Senior Special Assistant on National Assembly Matters (House of Representatives), Samaila Kawu.
Buhari signs 2016 budget
President Muhammadu Buhari on Friday signed the 2016 Appropriation Bill into law ending weeks of face-off between the National Assembly and the Executive.
The budget was signed at a brief ceremony held inside the President’s office at the Presidential Villa, Abuja.
Those who witnessed the event included Vice-President Yemi Osinbajo; President of the Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the All Progressives Congress, John Odigie-Oyegun; and chairmen of the Appropriation Committees of both chambers of the National Assembly.
Others were the Minister of Finance, Kemi Adeosun; the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang; and the Senior Special Assistant on National Assembly Matters (House of Representatives), Samaila Kawu.

2016 budget signed

Buhari signs 2016 budget
President Muhammadu Buhari on Friday signed the 2016 Appropriation Bill into law ending weeks of face-off between the National Assembly and the Executive.
The budget was signed at a brief ceremony held inside the President’s office at the Presidential Villa, Abuja.
Those who witnessed the event included Vice-President Yemi Osinbajo; President of the Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the All Progressives Congress, John Odigie-Oyegun; and chairmen of the Appropriation Committees of both chambers of the National Assembly.
Others were the Minister of Finance, Kemi Adeosun; the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang; and the Senior Special Assistant on National Assembly Matters (House of Representatives), Samaila Kawu.

2016 budget signed

Buhari signs 2016 budget
President Muhammadu Buhari on Friday signed the 2016 Appropriation Bill into law ending weeks of face-off between the National Assembly and the Executive.
The budget was signed at a brief ceremony held inside the President’s office at the Presidential Villa, Abuja.
Those who witnessed the event included Vice-President Yemi Osinbajo; President of the Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the All Progressives Congress, John Odigie-Oyegun; and chairmen of the Appropriation Committees of both chambers of the National Assembly.
Others were the Minister of Finance, Kemi Adeosun; the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang; and the Senior Special Assistant on National Assembly Matters (House of Representatives), Samaila Kawu.

2016 budget sigbed

Buhari signs 2016 budget
President Muhammadu Buhari on Friday signed the 2016 Appropriation Bill into law ending weeks of face-off between the National Assembly and the Executive.
The budget was signed at a brief ceremony held inside the President’s office at the Presidential Villa, Abuja.
Those who witnessed the event included Vice-President Yemi Osinbajo; President of the Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the All Progressives Congress, John Odigie-Oyegun; and chairmen of the Appropriation Committees of both chambers of the National Assembly.
Others were the Minister of Finance, Kemi Adeosun; the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang; and the Senior Special Assistant on National Assembly Matters (House of Representatives), Samaila Kawu.

2016 budget signed

Buhari signs 2016 budget
President Muhammadu Buhari on Friday signed the 2016 Appropriation Bill into law ending weeks of face-off between the National Assembly and the Executive.
The budget was signed at a brief ceremony held inside the President’s office at the Presidential Villa, Abuja.
Those who witnessed the event included Vice-President Yemi Osinbajo; President of the Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the All Progressives Congress, John Odigie-Oyegun; and chairmen of the Appropriation Committees of both chambers of the National Assembly.
Others were the Minister of Finance, Kemi Adeosun; the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang; and the Senior Special Assistant on National Assembly Matters (House of Representatives), Samaila Kawu.

2016 Budget signed

Buhari signs 2016 budget
President Muhammadu Buhari on Friday signed the 2016 Appropriation Bill into law ending weeks of face-off between the National Assembly and the Executive.
The budget was signed at a brief ceremony held inside the President’s office at the Presidential Villa, Abuja.
Those who witnessed the event included Vice-President Yemi Osinbajo; President of the Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the All Progressives Congress, John Odigie-Oyegun; and chairmen of the Appropriation Committees of both chambers of the National Assembly.
Others were the Minister of Finance, Kemi Adeosun; the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang; and the Senior Special Assistant on National Assembly Matters (House of Representatives), Samaila Kawu.

Buhari sign 2016 budget

Buhari signs 2016 budget
President Muhammadu Buhari on Friday signed the 2016 Appropriation Bill into law ending weeks of face-off between the National Assembly and the Executive.
The budget was signed at a brief ceremony held inside the President’s office at the Presidential Villa, Abuja.
Those who witnessed the event included Vice-President Yemi Osinbajo; President of the Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the All Progressives Congress, John Odigie-Oyegun; and chairmen of the Appropriation Committees of both chambers of the National Assembly.
Others were the Minister of Finance, Kemi Adeosun; the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang; and the Senior Special Assistant on National Assembly Matters (House of Representatives), Samaila Kawu.