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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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Nigeria Reaffirms One-China Policy, Seeks Deeper Economic Partnership With Beijing

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Nigeria Reaffirms One-China Policy, Seeks Deeper Economic Partnership With Beijing

By: Michael Mike

The Nigeria-China Strategic Partnership (NCSP) has reaffirmed Nigeria’s unwavering commitment to the One-China Principle, describing the country’s position on Taiwan as settled, consistent and non-negotiable.

The reaffirmation comes amid renewed global attention on China’s insistence that the People’s Republic of China remains the sole legitimate government representing China, with Taiwan regarded by Beijing as an inseparable part of its territory.

According to the NCSP, Nigeria’s adherence to the One-China policy dates back more than five decades to the establishment of diplomatic relations with China in 1971, and has remained a cornerstone of bilateral relations between both countries.

The agency noted that Nigeria again demonstrated its commitment during President Bola Ahmed Tinubu’s meeting with President Xi Jinping in Beijing in 2024, where both nations issued a joint statement reaffirming Nigeria’s recognition of the People’s Republic of China as the only legal government representing the whole of China.

The NCSP said Nigeria also expressed support for China’s pursuit of national reunification during the high-level engagement.

The statement followed heightened diplomatic conversations surrounding the Taiwan issue after a recent visit to Beijing by a United States delegation reportedly led by President Donald Trump alongside leading American business executives.

Director-General of the NCSP, Joseph Tegbe, said Nigeria intends to build on its longstanding diplomatic ties with China to unlock broader economic opportunities in manufacturing, technology transfer, industrialisation and export-driven production.

Tegbe observed that China has played a major role in supporting Nigeria’s infrastructure development through investments in railway projects, ports, energy facilities, telecommunications and industrial expansion.

He stressed that the partnership should now evolve into deeper collaboration in Nigeria’s digital economy, solid minerals development, agro-processing and consumer markets in order to create a more balanced and productive economic relationship.

The NCSP reiterated its commitment to expanding bilateral cooperation between Nigeria and China across trade, infrastructure, investment, technology transfer and capacity building, with the ultimate objective of delivering measurable economic benefits to Nigerians.

Nigeria Reaffirms One-China Policy, Seeks Deeper Economic Partnership With Beijing

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NDLEA Busts Mega Nigerian-Mexican Meth Syndicate, Seizes N480bn Drugs in Largest Lab Raid Ever

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NDLEA Busts Mega Nigerian-Mexican Meth Syndicate, Seizes N480bn Drugs in Largest Lab Raid Ever

By: Michael Mike

The National Drug Law Enforcement Agency has dismantled what officials described as one of the most sophisticated transnational drug syndicates ever uncovered in Nigeria, arresting a notorious drug baron, three Mexican methamphetamine experts, and six Nigerian collaborators in a sweeping operation spanning Ogun and Lagos states.

The operation also led to the discovery and destruction of what the agency called the largest clandestine methamphetamine laboratory ever found in the country, hidden deep inside a forest in Ijebu area of Ogun State.

Chairman and Chief Executive Officer of the NDLEA, Mohamed Buba Marwa, disclosed the details on Wednesday during a media briefing at the agency’s headquarters in Abuja, describing the raid as a major blow against transnational organised crime and illicit drug manufacturing networks operating in Nigeria.

According to Marwa, elite operatives from the agency’s Special Operations Unit executed coordinated strikes across Ogun and Lagos within 48 hours after months of intelligence gathering and surveillance.

He said the primary target was a remote property located inside Abidagba forest in Ijebu East Local Government Area of Ogun State, allegedly operated by a drug trafficking organisation headed by suspected kingpin, Anochili Innocent.

Marwa revealed that operatives stormed the forest laboratory on May 16, catching members of the cartel while processing illicit substances.

Among those arrested were three Mexican nationals identified as methamphetamine production specialists allegedly brought into Nigeria to run the operation. They were named as Martinez Felix Nemecto, Jesus López Valles, and Torrero Juan Carlos.

Four Nigerian collaborators arrested at the laboratory were identified as Nwankwo Sunday Christian, Igwe Abuchi Remijus, Ifeanyichukwu Chibuike Joshua, and Egwuonwu Uchenna Victor.

Simultaneously, another tactical team raided the Lekki residence of the alleged cartel leader at Golf Estate, Lakowe, Lagos, where Anochili was arrested.

Marwa said a search of the property uncovered the passports and mobile phones of the three Mexican suspects, linking the alleged drug baron directly to the importation and coordination of foreign methamphetamine specialists.

The NDLEA boss disclosed that follow-up operations on May 18 led operatives to another property linked to the suspect at Mayfair Estate, Lakowe, where another alleged syndicate member, Kingsley Orike Omonughwa, was arrested.

Investigators also stormed the residence of another suspected collaborator, Emeka Nwobum, said to have operated a strategic stash house for the cartel.

The arrests brought the total number of suspects in custody to 10, including the kingpin, the Mexican specialists, and six Nigerian collaborators.

Marwa said the operation yielded an unprecedented 2,419.48 kilograms of chemical substances, including crystallised and liquid methamphetamine as well as dangerous precursor chemicals and industrial solvents.

He estimated the international street value of the seized narcotics at 362.9 million dollars, equivalent to over N480 billion.

According to him, the volume of drugs recovered represented millions of potential street doses capable of fueling addiction, violence, and organised crime across local and international markets.

The agency also recovered operational vehicles including a Toyota Tacoma allegedly used at the forest laboratory and a Toyota Highlander seized from the cartel leader’s residence.

Marwa warned that Nigeria would remain hostile territory for drug cartels and foreign criminal networks attempting to establish manufacturing bases in the country.

“We are fully aware of the shifting tactics of these cartels, including the disturbing trend of hiring South American cartel specialists to set up production factories in our rural communities,” he said.

“No matter how deep into the bush you hide, no matter how secure your gated estate is, the NDLEA will hunt you down, dismantle your network, and seize your illicit wealth.”

The NDLEA chairman also linked the latest operation to the recent takedown of another international drug trafficking network allegedly headed by Simon Amadi, saying the agency was intensifying cooperation with global law enforcement partners to combat organised narcotics operations.

He commended operatives of the Special Operations Unit and the agency’s chemical and forensic teams for what he described as exceptional professionalism and bravery during the operation.

Marwa also urged Nigerians to remain vigilant and report suspicious activities, warning that the Ogun forest laboratory had operated under the guise of a legitimate farm.

NDLEA Busts Mega Nigerian-Mexican Meth Syndicate, Seizes N480bn Drugs in Largest Lab Raid Ever

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U.S. to Deploy Wireless Technology to Nigeria, Benin, Côte d’Ivoire, Ghana and Nigeria

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U.S. to Deploy Wireless Technology to Nigeria, Benin, Côte d’Ivoire, Ghana and Nigeria

By: Michael Mike

The U.S. Trade and Development Agency has announced plans to deepen the deployment of American wireless technology in West Africa, targeting underserved rural communities in Benin, Côte d’Ivoire, Ghana and Nigeria.

The agency said it is funding a feasibility study for the installation of about 1,500 turnkey mobile communications base stations using technology developed by Vanu Inc. as part of efforts to bridge the region’s digital connectivity gap and provide an alternative to Chinese-made telecommunications infrastructure that currently dominates the market.

According to the U.S. agency, the project is aimed at expanding trusted and secure broadband access to millions of people in off-grid and rural communities that still rely on outdated 2G and 3G networks or have no access at all.

Deputy Director of the U.S. Trade and Development Agency, Thomas R. Hardy, said the initiative would unlock affordable internet access while also creating export opportunities for American firms.

“USTDA is bringing private sector solutions to unlock widespread, affordable, trusted internet access in off-grid communities across West Africa,” Hardy said.

“By helping American companies compete in these critical markets, we are offering an alternative to insecure infrastructure while creating export opportunities that make America more prosperous.”

The study will be undertaken for Vanu Côte d’Ivoire, with Vernonburg Group LLC providing technical expertise to assess the commercial viability of the large-scale rollout and mobilise financing for implementation.

Officials said the assessment would examine existing telecommunications infrastructure, market conditions, regulatory frameworks and financing options across the four countries.

The proposed deployment is expected to create opportunities for the expansion of U.S.-made wireless solutions, digital infrastructure systems and network management technologies across West Africa.

Chief Executive Officer of Vanu Inc., Andrew Beard, said the initiative would demonstrate that broadband connectivity in difficult and underserved markets could be profitable and sustainable.

He noted that the company’s systems were designed to help mobile network operators provide broadband internet and voice services in economically challenging locations using cost-effective technology built on open interfaces and architectures.

Beard added that the study would help stimulate investment, boost U.S. exports and accelerate the rollout of secure digital infrastructure globally.

The project comes amid growing competition between the United States and China over digital infrastructure development in Africa, where Chinese firms have played a dominant role in telecommunications expansion over the past decade.

The U.S. Trade and Development Agency said the initiative aligns with its mandate of supporting critical infrastructure projects in emerging markets while promoting the deployment of trusted U.S. technologies and services.

U.S. to Deploy Wireless Technology to Nigeria, Benin, Côte d’Ivoire, Ghana and Nigeria

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