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BOSG urges accounting officers on strict compliance to 2024 budget, increases Target of Internally Generated Revenue in the state

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BOSG urges accounting officers on strict compliance to 2024 budget, increases Target of Internally Generated Revenue in the state

By Babagana Wakil

The Borno State government has urged all accounting officers and Director finance in the state to operate within the funds approved in the 2924 budget as assented to by Governor Babagana Zulum.

The state commissioner for Budget and Planning, Professor Mustapha Malumbe who made the call Monday at a press briefing with journalists on 2024 approved budget held at the international conference hall of Usman Musa state secretariat Maiduguri said,”this budget is not just about numbers; it embodies a vision for a more prosperous, secure, and equitable future for all. Consolidation underscores Government’s commitment to building upon the successes of the past year,” .

The Commissioner said “the success or otherwise of this policy will largely depend on each and every one of us. I therefore, crave your indulgence to operate strictly within the bounds of the budget so as to achieve the set objectives”

He said the Borno State government has targeted N27.7 billion Internally Generated Revenues (IGR) with a budget performance of between 80 and 90 percent in 2024 fiscal year, stressing that thee improved budget implementation, was attributed to statutory allocation revenue from the Federal Government and payments of ground rents that raised IGR by 25 per cent.

“This budget is not just about numbers; it embodies a vision for a more prosperous, secure, and equitable future for all. Consolidation underscores Government’s commitment to building upon the successes of the past year,” Malumbe said 

He also advised the accounting and finance officers to note that the budget document is a set of policy guide which will enable MDAs operate during the 2024 fiscal year, pointing out  that,  no request for funds not funded in the budget will be entertained.”

Malumbe said the 2024 Budget is saddled with Government’s commitment in Building on the foundation laid in the previous years; this year’s budget tagged “Budget of Consolidation and Progress marks a significant step forward in the shared journey towards achieving long-term goals.”

The commissioner further explained that the State Government will continue to strengthen fiscal discipline, invest in key infrastructure projects, and implement reforms that create a more enabling environment for businesses and individuals to thrive..

” This budget also embodies progress. Government will be making strategic investments in areas critical for sustained growth and development, such as Education, Healthcare, Works and Reconstruction to also champion initiatives that empower vulnerable communities, return of IDPs and bridge the gap between opportunity and disadvantage,” he added.

“”The expenditure proposals for the fiscal year 2024, aims to strengthen the accomplishments achieved so far and further ensure the delivery of democratic dividends, especially in the realms of socio-economic and political development of the State,” the commissioner said.lb

He further explained also that the 2024 Approved Budget was also in line with the ‘State Government’s Medium Term Expenditure Framework’ wq (MTEF 2024 – 2026) approved by the Borno State House of Assembly, the ‘Strategic Transformation Initiative’ (STI) for 2024 and 25-year State Development Plan in an effort of building Borno Back and Better. 

He also emphasized on  the key objectives and priorities outlined in the MTEF for the current budgeót yea which include amongst others the  complete return and resettlement of all IDPs to their ancestral homes, completion of all on-going projects in the State and 

He noted that the aim was  to ensure food security and also mitigate some of the negative impacts of climate change, thus providing livelihoods for our rural population and to reduce over-dependence on Federal transfers through improved independent revenue generation achievable via a technological-driven and independent Board of Internal Revenue;

Professor Mustapha Babagana revealed that  thhis would involve implementation of programmes that generate employment and create wealth and ensure adequate security while comparing the  2023 budget size  which was N235,331,950,000.00 and  made up of capital expenditures, based on the fiscal forecast and guidelines provided in the Medium-Term Expenditure Framework (MTEF 2023 – 2025) and aligned to the Budget Estimates. 

He said the overall 2023 Budget Performance stood at 74.4% and during the 2024 fiscal year government is going to establishment specialized hospitals and schools of Nursing in the three senatorial district of the state. Construction of ICT centers, Government Lodges, teachers and health workers quarters. Procurement of equipment to the State University Teaching Hospital and completion, provision of scholarships to indigenous people to study nursing and midwifery courses and sponsor students in various fields of study, especially Science, Technology, Engineering, and Mathematics (STEM) courses, languages, and training of pilots

He said the 2023 budget is not without challenges, however because of the doggedness of His Excellency and the resilience of the people there was a huge success in implementation of the budget such as  challenges security situation of ongoing Boko Haram .insurgency,, economic recovery and Internally displaced persons (IDPs): The large number of IDPs in the state informed additional  resources  require to alddress the challenges among others.

BOSG urges accounting officers on strict compliance to 2024 budget, increases Target of Internally Generated Revenue in the state

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Airstrike Hits ISWAP Enclave in Tumbuma Baba, scores Nutrialised

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Airstrike Hits ISWAP Enclave in Tumbuma Baba, scores Nutrialised

By: Zagazola Makama

The Nigerian Air Force (NAF), under the Air Component of Operation Hadin Kai (OPHK), conducted a successful Air Interdiction (AI) mission at a terrorists’ hideout in the Southern Tumbuns general area in the Lake Chad of Borno, killing scores of the terrorists.

Intelligent sources told Zagazola Makama that the precision air strike, which took place at about 2100 hours on 5 May 2025, targeted a major terrorists’ concentration camp located in the Tumbuma Baba axis of Lake Chad.

The sources said that the offensive was in continuation of a decisive Operation KALACHEN WUTA II, aimed at denying terrorists the freedom to execute large-scale attacks during the Eid el-Kabir period.

The sources said that Intelligence and Battle Damage Assessment (BDA) reports confirmed that several terrorists were neutralised during the strike, and key logistics under heavy foliage were destroyed.

The sources said that the strikes followed credible intelligence on planned coordinated attacks by the insurgents before, during, and after the Eid festivities. The mission was meticulously planned and executed to forestall such threats and sustain pressure on terrorist elements operating in the Lake Chad fringes.

“We observed significant secondary explosions, indicating the presence of arms and fuel storage. Multiple terrorists were seen fleeing the area, while several others were eliminated during the strike,” the source said.

The sources said efforts are ongoing to gather further feedback, as well as to assess the operational impact of the interdiction.

He added that preliminary signs suggest a high level of disarray and panic within the terrorists’ ranks, with reports of attempted regrouping under surveillance.

Airstrike Hits ISWAP Enclave in Tumbuma Baba, scores Nutrialised

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Nigerian Air Force Neutralises Terrorists in Successful Air Interdiction at Maisani

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Nigerian Air Force Neutralises Terrorists in Successful Air Interdiction at Maisani

By: Zagazola Makama

The Nigerian Air Component of Operation Hadin Kai have executed a coordinated strike on a major terrorist enclave located at Maisani in the Timbuktu Triangle general area of Borno State, killing several ISWAP terrorists.

Intelligence sources told Zagazola Makama that the air interdiction mission conducted on May 4, 2025, at approximately 1800 hours, was informed by credible intelligence and sustained surveillance, targeted terrorists’ structures cleverly concealed and camouflaged under thick shrubs in the area.

The sources said that using advanced platforms, the Nigerian Air Force (NAF) conducted a focused Air Interdiction (AI) mission, resulting in the destruction of the identified enemy hideouts and the neutralisation of an unconfirmed number of insurgent fighters.

According to the sources, Post-strike Battle Damage Assessment (BDA) obtained from our Intelligence, Surveillance and Reconnaissance (ISR) platforms confirmed that the airstrike achieved its intended objectives, dealing a significant blow to terrorists.

Nigerian Air Force Neutralises Terrorists in Successful Air Interdiction at Maisani

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Nigeria Looks to World Bank to Tackle Challenges of National Capital Accounting

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Nigeria Looks to World Bank to Tackle Challenges of National Capital Accounting

By: Michael Mike

As the world marks the 2025 Environment Day, the National Bureau of Statistics (NBS) has appealed to the World Bank for support on capacity building, data and in addressing the challenges poised by Natural Capital Accounting (NCA) in the country.

Head of Department, National Accounts Energy and Environment at the NBS, Dr. Baba Madu made the appeal at the 2025 Natural Capital Accounting (NCA) Conference on Thursday in Abuja with support from the World Bank in. collaboration with the NBS and the Federal Ministry of Environment.

Madu while noting that the NCA was a new area Nigeria must exploit to further boost the nation’s economy, said for Nigeria to grow and be at par with other developed nations, there was need to account for her natural resources.

He said: “NCA has been tasked with the crucial role of integrating natural capital into economic measurement. It is impossible to measure the economy accurately without accounting for natural resources. Issues such as environmental degradation, afforestation, desertification, and climate change all directly impact productivity.

“Productivity in turn, influences output—one of the core components of the Gross Domestic Product (GDP). These environmental factors must be reflected across all economic activity sectors to present a more accurate picture of national output.”

While stating that Nigeria currently has data on NCA in Nigeria, the NBS official however raised concerns over the huge data gap from relevant Ministries, Departments and Agencies (MDAs) in the environment sector.

He said: “We are not doing badly but we need to improve on what we are doing. In terms of data sources, I can tell you there’s a big gap because these are new areas needed to be exploited.”

Programme Leader on Sustainable Development at the World Bank, Vina Vutukuru, said there was need to jointly
explore the vital role of national accounting in national development plans and to brainstorm on how Nigeria could institutionalize it.

He said: “Establishing the national capital accounting as part of the national account system will allow us to measure the economic value of ecosystem services such as clean air, water and biodiversity which are essential for our well-being and economic prosperity.”

Vutukuru commended Nigeria for having “very bold ambitions” as far as responding to climate change was concerned saying, “That shows the commitment of the policy makers here towards the issue of climate.

“But I think to back up that aspiration and the aggressive goals that Nigeria has set for itself, the foundational thing for those goals to materialize those objectives to come true is a very strong natural account system.”

Head of Media, National Council on Climate Change Secretariat (NCCCS), Chioma Azie who represented her Director General, Dr. Nkiruka Maduekwe at the event, described Nigeria as a very ambitious country, stressing that natural resources was instrumental to achieving all the objective of climate action.

She said: “Technology, policy reforms, behavioral changes has a role to play but natural resources is very key because they’re underpinning the mitigation and adaptation for climate action.

“If you look at Nigeria’s NDC, the NCA is an avenue to provide raw materials that we could use to develop mitigation and adaptation strategies.

“If you look at what we have done in terms of this NDC in 2020.which is the second leg of the NDC, we identified a lot of mitigation activities within this mentioned sectors of ours. In agricultural sector we talked about smart agriculture. What is smart agriculture without natural resources?

“We talked about biomass, what is biomass without natural resources? We also spoke about land use changes and that is natural resources, we talk about natural solutions and we talked about also afforestation, reafforestation. Those are mitigation potentials of our NDC. So, we cannot achieve our NDC without SEEA.

“What you cannot be able to account for is recorded as if it is not done so if we know what is existing in terms of the reservoirs we have for natural resources, it can inform the scope of the mitigation activities we’re going to be imputing in the NDC 3.0,” she said.

Nigeria Looks to World Bank to Tackle Challenges of National Capital Accounting

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