Connect with us

Featured

Budget 2020: Lawmakers vote N37b for renovation

Published

on

…N1 billion for Constitution review

A SUM of N37 billion has been approved by federal lawmakers for the renovation of the National Assembly complex.

Also endorsed as part of the Budget 2020 is N1billion to cater for the amendment of the Constitution. This is slated to begin early next year.

President Muhammadu Buhari on October 8, presented a N10.33trillion budget proposal to the joint session of the national assembly but lawmakers passed a N10.594 trillion estimate, an increase of N264 billion on December 5.

The N37 billion renovation cash is part of the N2.5trillion capital project provision which is to be carried out by the Federal Capital Development Authority (FCDA).

National Assembly Director of Information, Dr. Rawlings Agada, said only the FCDA could  speak on the renovation of the complex and the amount voted.

Agada, who noted that the National Assembly’s edifice needed attention, wondered if N37 billion would be enough for the job to be done.

He said: “You know that the details of the budget bill are not out. So, speaking to you on it now would amount to jumping the gun. You should know that the Aso Rock Villa, the Judiciary, the Supreme Court and the Federal Secretariat are all tagged as special projects under the Federal Government. And the FCDA undertakes such projects on behalf of the Federal Government.

“If you ask me, I will tell you that you are asking the wrong person because it is FCDA that is in the picture of everything because that is their own budget and they should be speaking on what they want to renovate.

“We have made our proposal to them in terms of facility decay in the National Assembly which all of you are familiar with.

“The National Assembly needs a lot of work. I don’t think even that amount of money can take care of all those things because even the dome has been leaking and there is  fear that if the repairs are not done, we might suffer greater problem in the future.

“I think the leadership of the National Assembly took note of that pursuant to the concerns raised by the management.

“That is just that because I don’t have the details of the budget but I am aware that there is a lot that needs to be done.

“Over time, the National Assembly management has been squeezing from the little that comes their way to repair things but anything that deals with physical infrastructure in terms of major repairs is usually captured under the Federal Government budget and it is done by the FCDA. So we cannot speak on that now.  The details should come from them (FCDA).”

House of Representatives Speaker Femi Gbajabiamila had raised the alarm over the decaying National Assembly building.

Most of the amendments proposed to the Constitution by the Eighth National Assembly were rejected by President Buhari.

Senate President Ahmad Lawan is expected to inaugurate members of the Constitution Review Committee early next year to enable them conclude the assignment on time.

Some Senators are wondering what the shape of the 2020 Constitution amendment will be in view of some controversial bills – like the Hate-Speech Bill and the Social Media Regulation Bill – pending before  the National Assembly.

The Nation gathered that apart from the N38 billion for the two projects,  the alleged uneven distribution of zonal intervention projects in the 2020 budget  is generating furore in the two chambers

Many Senators feel that they were “unduly sidelined” in the number and amount allocated for “discretionary projects” assigned to their constituencies.

Presiding officers of the Senate and those allegedly “favoured” by the leadership are said to have “huge sums” allocated to their constituencies while others claimed that they could barely attract projects of much worth.

It was also learnt that the N264 billion increase in the budget was created for some “discretionary constituency projects” allocated to constituencies.

The N264 billion is different from the N100billion already set aside in the appropriation bill for the same purpose by President  Buhari.

A source said the N264 billion addition was specifically created to “accommodate and take care of discretionary projects” inserted into  the fiscal document.

The source noted that “the understanding was that each Senator would be allocated a project worth N200 million while each of  their counterparts in the House of Representatives would get a project to the tune of N150 million.”

According to him, “a cursory look at the budget recently passed by both chambers of the National Assembly shows that while some got mouth-watering projects, others got far less than the supposedly agreed amounts.”

He said some projects allocated to a Senatorial district in the Northeast by the Federal Ministry of Agriculture and Rural Development amounted to over N2 billion.

He listed the projects to include procurement of farm implements and accessories in the   Senatorial district at the cost of N475 million and the construction of six  culverts and drains  at N143million.

Others, according to him, are the construction of six culvert and drains in two Local Government Areas (LGAs) at N144 million and construction of six culverts and drains in two other LGAs in the same  state at the cost of N143 million.

He said the ministry also earmarked the sum of N900 million for the construction of rural roads in some selected LGAs within the same senatorial zone as well as another N200 million for the supply of farm implements, fertilizer  and other empowerment items to farmers  in all the villages and towns in the same senatorial district.

The Ministry of Humanitarian Affairs, Disaster Management and Social Development, the source said, has  a provision of N700 million for the installation of all-in-one solar powered street light across the eight LGAs of a Senatorial district in the Southsouth.

The sum of N100 million, according to him , was discovered to have been allocated to each LGA for project execution in the same district.

Again, he said that a Senatorial district in Northcentral represented by an influential  Senator  has N570miilion set aside for  projects under the Ministry of Agriculture and Rural Development.

The projects as listed by the source are the provision of agricultural equipment for farmers 120/150 horse power of John Deer tractors at N200 million and the construction of 12kms rural roads  at  N120 million.

Others are  the provision solar street lights across communities in the Senatorial district at  the  sum of N100 million and purchase of motorised boreholes, farm implements and input for farmers as well as the  training and empowerment of youth and women in various agricultural value chain in in the  district  at N150 million.

He said the budget of the National Lottery Trust Fund domiciled in the Ministry of Special Duties and Inter-Governmental Affairs contains a provision for the empowerment of youths and women, purchase of motorcycles, sewing machines, refrigerators and grinding machines  in another Senatorial district in the North-Central  at the cost of N100 million.

Senate spokesman Godiya Akwashiki said the increase in the 2020 Appropriation Bill was due to additional revenue discovered during the budget consideration.

Akwashiki said the additional revenue was applied to relevant agencies of government for the betterment of the country.

The Senate spokesman said: “The Appropriation Committee did a very thorough job and discovered additional revenue that was not captured.

“So, they needed to apply it to ministries, departments and agencies. That was what brought about the increase.

The Nation.

 

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Featured

Alake Inaugurates Nigeria-US Solid Minerals Committee, Dismisses $700bn Claim, Says No Assets Sold

Published

on

Joel Ajayi

The Minister of Solid Minerals Development, Dr. Dele Alake, on Tuesday inaugurated the Nigeria-United States Committee on Strategic Cooperation in the Solid Minerals Sector in Abuja, dismissing reports that Nigeria sold $700 billion worth of solid minerals to the US.

The inauguration followed the strategic cooperation framework established between Nigeria and the United States during the 81st United Nations General Assembly in New York.

In a statement issued on Wednesday by the Head PRESS and Public Relations Department Mrs. Kania Maliki Andeyaba stated that, Alake in the Memorandum of Understanding, MoU, signed with the US is a government-to-government platform to facilitate business-to-business engagements between American investors and Nigerian local operators, not a sale of assets.

Harping on the importance of the solid minerals sector to President Bola Ahmed Tinubu’s economic diversification agenda, he noted that the administration was committed to reducing dependence on a mono-product economy through the sustainable development of Nigeria’s vast mineral resources.

According to him, the Nigeria–US partnership as a strategic initiative to attract investment, promote technology transfer, strengthen local mineral processing and create employment opportunities.

“There is no sale of any Nigerian asset. There’s nothing exchanging hands,” Alake declared.

“We created a platform to facilitate mingling of US investment ventures with Nigeria’s local operators. It is in the public domain. We signed it in public and published it in four or five national newspapers.”

The Minister said reports claiming the US was coming to take over Nigeria’s minerals and security architecture were untrue at best and products  of riotous imagination  at worst.

Explaining the policy thrust, Alake said Africa has historically held the short end of the stick in global economic transactions, and Nigeria is determined to change that model.

“We have the resources, the critical elements the world needs to transit to clean energy. So we are creating a new paradigm — you bring your capital, expertise and technology, to match with our natural resources and create a win-win situation . The investor gains, Nigeria gains.’’he said.

Nigeria, he stressed, had operated a mono-cultural economy dependent on oil, while solid minerals were exploited informally — with ores taken “from pit to port” without value addition.

Alake said government has now made local processing mandatory, refusing to grant mineral titles to investors without a clear pathway to processing in Nigeria.

He said the policy led to the springing up of processing factories, including the largest lithium processing plant in West Africa commissioned recently in Nasarawa by the Vice President, and informed the formation of the African Minerals Strategy Group.

Alake noted that investor confidence has returned due to macro-economic reforms by President Bola Tinubu that guarantee security of tenure and repatriation of profits.

He charged the committee to discharge its assignment responsibly, saying its work is strategic to achieving the President’s $1 trillion economy target.

To this end, he told the Committee to ensure effective coordination, identify investment opportunities and translate the framework into measurable outcomes capable of positioning Nigeria as a competitive player in the global solid minerals industry.

In his welcome address, Permanent Secretary of the Ministry, Engr. Faruk Yusuf Yabo, said the inauguration translates growing bilateral engagements into a structured framework for practical cooperation and investment mobilization

Economic Officer at the US Embassy, Jonathan Baas, said President Donald Trump has prioritized three areas for US embassies — energy, artificial intelligence/super intelligence, and critical minerals.

Baas said Washington’s direction is to work with partners to secure critical supply chains while ensuring partners capture value.

“We just signed a contract today on looking into building AI data centres in Nigeria at the Nigerian Economic Summit. That’s the direction Washington wants us to go,” he said.

In his vote of thanks, CEO/Managing Director of Nigeria Solid Minerals Company, NSMC said that the committee

is expected to coordinate implementation, facilitate investment and monitor progress towards achieving the objectives of the Nigeria–US cooperation framework.

The inauguration reinforces the Federal Government’s commitment to repositioning the solid minerals sector as a key driver of economic diversification, industrial development and national prosperity under President Tinubu’s Renewed Hope Agenda.

Continue Reading

Trending

error

Enjoy this blog? Please spread the word :)