Inspiration 92.3 FM

November 28, 2023

November 28, 2023 IFMNEWS

President Tinubu To Unveils Budget On Wednesday As FEC Approves $1 Billion Loan

President Bola Tinubu is set to unveil the 2024 Appropriation Bill before a joint session of the National Assembly this Wednesday.

The development follows the Federal Executive Council's approval of the 2024 Appropriation Bill on Monday, which now stands at N27.5 trillion, marking an increase from the initial N26.01 trillion under consideration.

Minister of Budget and Economic Planning, Abubakar Bagudu, shared this information with State House correspondents after the conclusion of the weekly FEC meeting, presided over by President Tinubu at the Aso Rock Villa in Abuja. Bagudu revealed that the Federal Government anticipates a revenue projection of N18 trillion for the 2024 fiscal year. He assured that further details of the appropriation bill would be disclosed during the President's presentation to the National Assembly.

The minister also highlighted ongoing reviews of the Medium-Term Expenditure Framework by the Council. He stated, "Equally, the Federal Executive Council approved the 2024 Appropriation Bill and the presentation of such to the National Assembly by His Excellency, Mr. President." The revised bill reflects an aggregate expenditure of N27.5 trillion, a significant increase from the previous estimate, incorporating the old reference prices.

Bagudu went on to share specifics, saying, "The forecast revenue is now N18.32 trillion, which is higher than the 2023 revenues, including that provided in the two supplementary budgets." He emphasized that the deficit is lower than that of 2023, and further details of the "Renewed Hope Budget" would be unveiled by President Tinubu during the presentation to the National Assembly.

In addition to these updates, the minister announced adjustments to the MTEF benchmarks by FEC. "Today, the Federal Executive Council further revised the Medium-Term Expenditure and Fiscal Policy Framework," he said. Notably, the exchange rate was revised from N750 to $1, and the benchmark crude oil reference price increased to $77.96, representing a $4 increment from the previous approval.

Bagudu stressed that these changes significantly boost government revenue to support key priority areas, including health, education, infrastructure, security, and other developmental initiatives.

November 27, 2023

November 27, 2023November 27, 2023 IFMNEWS

Tinubu Swears In Eight New Perm Secs, Presides Over FEC

On Monday, President Bola Tinubu administered the oath of office to eight newly appointed Permanent Secretaries, marking their successful completion of the Federal Civil Service selection process.

The swearing-in ceremony occurred before the Federal Executive Council (FEC) meeting at the Council Chambers of the State House in Abuja.

The newly appointed Permanent Secretaries are Ndakayo-Aishetu Gogo, Bako Deborah Odoh, Omachi Raymond Omenka, Ahmed Dunoma Umar, Watti Tinuke, Adeoye Adeleye Ayodeji, Rimi Nura Abba, and Ella Nicholas Agbo.

As of the latest report, President Tinubu presides over the ongoing FEC meeting, joined by Vice President Kashim Shettima. The session is attended by other key figures, including the Secretary to the Government of the Federation (SGF), George Akume; the Chief of Staff to the President, Hon. Femi Gbajabiamila; the Head of the Civil Service of the Federation, Folashade Yemi-Esan; and various ministers.

November 1, 2023

November 1, 2023November 1, 2023 IFMNEWS

President Tinubu Asserts Control Over FEC Meeting Attendance

In a decisive move, President Bola Tinubu issued a stern warning on Monday, cautioning his son, Seyi, and others against unauthorised attendance at Federal Executive Council (FEC) meetings.

President Tinubu emphasized the need for a strictly regulated and approved list of participants during the weekly cabinet sessions.

Addressing the issue, President Tinubu expressed his concern about some individuals' improper access to these council meetings. He pointed out a photograph that captured his son, Seyi, sitting in attendance, deeming such occurrences unacceptable.

With firm determination, President Tinubu declared his intention to clarify and announce the list of individuals officially granted the privilege of attending these important sessions. He went on to reveal the names of the approved attendees, which include his Special Advisers on Policy Coordination, Hadiza Usman; Information and Strategy, Bayo Onanuga; Principal Private Secretary, Hakeem Muri-Okunola; and Private Secretary, Damilotun Aderemi.

"These are the individuals who have been given special permission to be present during the conduct of the nation's business. Unless I have expressly summoned you, I urge you not to attend. Let there be no ambiguity about this," President Tinubu asserted.

The President's decisive statement underscores the importance of maintaining the integrity and security of crucial government meetings while ensuring that only authorised individuals partake in the nation's critical decision-making processes. President Tinubu's commitment to transparency and control within the FEC meetings is a clear directive for those involved in the nation's governance.

March 24, 2022

March 24, 2022March 24, 2022 IFMNEWS

N-Power: FG To Use N14bn To Train 50,000 Non-Graduates

The News Agency of Nigeria (NAN) reports that the meeting, which was presided by President Muhammadu Buhari, also approved Business, Facilitation and Miscellaneous Provision Bill.

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Farouq, and the Attorney-General and Minister of Justice, Abubakar Malami, made these known when they briefed State House correspondents on the outcome of the council meeting.

Umar-Farouq explained that the N14 billion would be used to engage four federal government agencies that will be involved in the training of the non-graduates for a period of nine months.

She said: “Today, the Ministry of Humanitarian Affairs, Disaster Management and Social Development submitted a memo to Council, asking Council for approval for the engagement of four Federal Government Agencies that will train our N-Power non-graduate beneficiaries.

“These non-graduate beneficiaries, 50,000 of them, will be trained in different skills, using four government agencies as mentioned.

“The affected agencies included the National Institute of Transport Technology (NITT), Industrial Training Fund (ITF), National Institute for Hospitality and Tourism and the Hydraulic Equipment Development Institute.

She added that at the end of the training the beneficiaries of the programme would be handed starter packs to start up their businesses.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami, also told the correspondents that the council approved the Business, Facilitation and Miscellaneous Provision Bill to consolidate on the reforms and enhance productivity and value.

He explained that the bill was part of government’s efforts to sustain the legacies achieved through the Presidential Enabling Business Environment Council (PEBEC).

The minister revealed that the bill would be forwarded to National Assembly for consideration.

On the ruling by a Federal High Court in Umuahia, Abia, that ordered the attorney-general of the federation to delete Section 84 (12) of the amended Electoral Act, Malami said his ministry was yet to effect implementation of the ruling.

The section reads: “No political appointee at any level shall be a voting delegate or be voted for at the convention or congress of any political party for the purpose of the nomination of candidates for any election.”

According to him, the process of implementing the ruling is still on.

He said: “My clear response arising therefrom is the fact that truly there exists a court judgment.

“By the judgment, the court directed the Office of the Attorney General to take the necessary steps to delete the provision, which in essence implies that the provision should not form part of our laws.

“Whether it has been deleted, or has not been deleted, is indeed a function of agencies of government and associated relevant parastatals.

“But the true position of it in that respect, is the fact that government printers, and indeed Law Reform Commission, among others, that are responsible for the codification and gazetting of our laws, are working naturally, hand-in-hand with the Office of the Attorney General for the purpose of ensuring that what goes into our laws are indeed in line with the provision of the law.

“So, what I am saying in essence, it is indeed a work in progress against the background of the fact that the Law Reform Commission is involved statutorily, which is a parastatal under the Office of the Attorney General, is a party to the process of codification.

“The government printers, which is saddled with the responsibility of gazetting our laws on the request of the Office of the Attorney General is equally involved. And above all, as you rightly stated, the possibility of an appeal is equally there.

“So, what I am saying in effect is deletion of Section 84 Subsection 12 is a work in progress and is being considered as such.”

NEWS AGENCY OF NIGERIA

On Air Now:

Tag: FEC

N-Power: FG To Use N14bn To Train 50,000 Non-Graduates

MORE STORIES

USEFUL LINKS

DOWNLOAD OUR APP

FOLLOW US

queue

Watch Live