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Buhari signs 2019 Budget into law President Muhammadu Buhari on Monday in Abuja signed the 2019 Appropriation bill of N8.92 trillion into law. The president had submitted the 2019 budget of N8.83trillion to the Senate but was increased by about N10billion by the Upper House, bringing the amount to N8.92trillion. The Gleamer Newseports that the dignitaries who witnessed the signing of the budget, which took place at the mini-conference hall of the president, included the Senate President Bukola Saraki and the Speaker of the House of Representatives,Yakubu Dogara. The Secretary to the Government of the Federation, Boss Mustapha and the Chief of Staff to the President, Malam Abba Kyari also witnessed the signing of the budget. Others at the event were the Ministers of Finance (Zainab Ahmed), Budget and National Planning (Sen. Udoma Udu Udoma), Information and Culture (Lai Mohammed) and the Chairman of the Senate Committee on Appropriations, Sen. Danjuma Goje, The Senior Special Assistant (SSA) to the President on National Assembly Matters (Senate), Sen. Ita Enang and his counterpart for the House of Representatives, Umar El-Yakub were also at the event. NAN reports that on June 6, 2018, Buhari signed the 2018 appropriation bill of N9.120 trillion . Minister of Budget and National Planning, Udoma Udo Udoma, after the signing of the bill, the president said the 2018 Budget will help his government to consolidate the achievements of previous budgets and deliver on Nigeria’s Economic Recovery and Growth Plan (ERGP) 2017-2020. He expressed his happiness with the implementation of the 2017 budget, which saw the N1.5 trillion implementation of capital projects during the 2017 fiscal year, and said the government will work hard to recreate the same achievement and generate the revenues required to finance projects and programmes that’ll significantly improve the economy. Also reports that during the signing of the 2018 bill, the president further noted, with dismay, the cuts made by the National Assembly to the bill he originally presented. He said the legislature made cuts amounting to N347 billion in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion. The president said he only signed the bill because he didn’t want to further slow down the pace of recovery of Nigeria’s economy, and further disclosed that he’ll send “a supplementary and/or amendment budget” to the national assembly to rectify the critical issues he raised.
Buhari signs 2019 Budget into law
President Muhammadu Buhari on Monday in Abuja signed the 2019 Appropriation bill of N8.92 trillion into law.
The president had submitted the 2019 budget of N8.83trillion to the Senate but was increased by about N10billion by the Upper House, bringing the amount to N8.92trillion.
The Gleamer Newseports that the dignitaries who witnessed the signing of the budget, which took place at the mini-conference hall of the president, included the Senate President Bukola Saraki and the Speaker of the House of Representatives,Yakubu Dogara.
The Secretary to the Government of the Federation, Boss Mustapha and the Chief of Staff to the President, Malam Abba Kyari also witnessed the signing of the budget.
Others at the event were the Ministers of Finance (Zainab Ahmed), Budget and National Planning (Sen. Udoma Udu Udoma), Information and Culture (Lai Mohammed) and the Chairman of the Senate Committee on Appropriat
The Senior Special Assistant (SSA) to the President on National Assembly Matters (Senate), Sen. Ita Enang and his counterpart for the House of Representatives, Umar El-Yakub were also at the event.
NAN reports that on June 6, 2018, Buhari signed the 2018 appropriation bill of N9.120 trillion .
Minister of Budget and National Planning, Udoma Udo Udoma, after the signing of the bill, the president said the 2018 Budget will help his government to consolidate the achievements of previous budgets and deliver on Nigeria’s Economic Recovery and Growth Plan (ERGP) 2017-2020.
He expressed his happiness with the implementation of the 2017 budget, which saw the N1.5 trillion implementation of capital projects during the 2017 fiscal year, and said the government will work hard to recreate the same achievement and generate the revenues required to finance projects and programmes that’ll significantly improve the economy.
Also reports that during the signing of the 2018 bill, the president further noted, with dismay, the cuts made by the National Assembly to the bill he originally presented.
He said the legislature made cuts amounting to N347 billion in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion.
The president said he only signed the bill because he didn’t want to further slow down the pace of recovery of Nigeria’s economy, and further disclosed that he’ll send “a supplementary and/or amendment budget” to the national assembly to rectify the critical issues he raised.
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FG to Harness the Digital Economy to Empower Youth
Joel Ajayi
The Honourable Minister of State for Youth Development, Mr Ayodele Olawande has disclosed that the Federal Government is making efforts to harness the potentials of the digital economy in empowering the youth and creating sustainable jobs.
He made this disclosure in Abuja when he received the participants of the Senior Executive Course 46, 2024 of the National Institute of Policy and Strategic Studies, (NIPSS), Kuru, Jos, Plateau State who were on study tour to the Ministry.
Mr Olawande said over 50% of the population below the age of 30 have a significant demographic advantage in the digital age.
“Our youths are tech-savvy, innovative and eager to contribute to the country’s economic growth. However, they face numerous challenges including limited access to quality education, skills training and job opportunities.
The digital economy offers a unique opportunity for Nigeria to leapfrog traditional development challenges. With the rise of e-commerce, digital payments and remote work”. “Our youths can assess global markets, skills training and job opportunities like never before,” he added.
According to the Minister, challenges hindering the growth of the digital economy in Nigeria must be addressed.
He explained that to overcome the challenges, the Ministry has implemented initiatives such as digital skills training programs for youths, focusing on areas like software development, data analytics and digital marketing especially in the NYSC.
This, he disclosed is alongside partnering with Galaxy Back Bone to improve infrastructure, Internet connectivity and alternative electricity supply as well as funding opportunities such as grants, loans and venture capital for startups of small businesses with launching of the National Youth Investment Fund.
The Honourable Minister who hinted that the Ministry’ s goal is to create an ecosystem that supports entrepreneurship and employment opportunities for youth stated: ” We recognise that sustainable job creation is critical to Nigeria ‘s economic growth and stability”
”I urge you all to join us in this journey to harness the potential of the digital economy for youth empowerment and sustainable job creation in Nigeria.”, he added.
Mr Olawande further said that the opportunities and challenges underscore the need for a collaborative effort from all stakeholders to harness the potential of the digital economy for sustainable development.
The Minister who observed that there is a gap between the Government and the young people expressed his heartfelt desire for the Youths of the nation to feel the Government. He opined that the country has the most intelligent youths in the world.
Earlier, the leader of the delegation from NIPSS, Barrister Nima Salman Mann, mni said they are in the Ministry to research, proffer solutions, recommendations and strategies to help Government chart its course for the the year, with the theme : ‘Digital Economy, Youth Empowerment and Sustainable Job Creation in Nigeria: Issues, Challenges and Opportunities’.
.She also added that Ministry of Youth Development is very germane to this year’s theme .” We are with the Ministry of Youth to listen to what you are doing to help the youth, how you are doing it, strategic plans and way forward as well as how we can use the digital economy to chart the goal for sustainable job creation,” she concluded.
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