Politics

Wike Presents Rivers’ N550.6B Budget For 2023

Published

1 year ago

November 23, 2022

Wike Presents Rivers’ N550.6B Budget For 2023

Rivers State governor, Nyesom Ezenwo Wike, has presented the 2023 Appropriation Bill to the State House of Assembly for consideration.

The governor, who christened the 2023 appropriation bill, ‘Budget of Consolidation and Continuity’ said it comprises capital and recurrent expenditure of N550, 666,987,238.00 for the fiscal year 2023.

Presenting the budget before State lawmakers on Tuesday in Port Harcourt, he explained that his administration has projected the sum of ₦350,977,495,537.00 as Capital Expenditure for the fiscal year 2023.

“This amount represents about 63.2% of the total budget and conforms to our practice of prioritising capital expenditures over recurrent.”

Under capital expenditure, governor Wike said the State will spend N114,264,480,208 on infrastructure, N36,999,486,717 specifically on education and N31,500,002,023 on health.

“Accordingly, the sum of N114,264,480,208 is provided in the 2023 capital budget estimate to fund the completion of all ongoing roads and other physical infrastructural projects awarded by our administration.”

In the 2023 budget proposal, governor Wike said his administration has also proposed a Recurrent Expenditure of N175,249,692,497à, representing about 31% of the total budget for the 2023 fiscal year.

The governor explained that in 2023 the State will expend N73,460,278,307 on salaries (Ministries/Departments/Parastatals), N7,758,772,851 on new recruitment, N33,600,000,000 on monthly pensions as well as N12,000,000,000 on gratuities/death benefits.

Governor Wike said the fiscal year 2023 budget is targeted at delivering economic growth, additional infrastructure and prosperity for citizens.

He stated that while no new projects may be awarded, except where such is considered very significant, the administration shall galvanise efforts and resources to complete all ongoing projects so that the new government can start on a clean slate, unencumbered.

The governor said in 2021 and 2022, the State government introduced several fiscal measures, including a moratorium on external borrowing to achieve economic growth, fiscal discipline and financial consolidation.

These measures, according to him, have significantly blocked revenue leakages, improved the State capacity for internal revenue generation and prevented unsustainable deficit financing.

“We have, therefore, resolved to continue with the existing fiscal measures for the year 2023. This means that there would be no increase in tax rates. No new taxes will also be introduced.

“However, we will continue to intensify our drive to significantly improve IGR by expanding opportunities for more investments, industrialization and efficient tax collection.”

The governor disclosed that the State remains determined to reduce its dependence on statutory federal allocations to finance its budget and development. To this end, he urged other sister States to join Rivers in the struggle to secure the right to impose and collect VAT at the sub-national level.

Reviewing the 2022 budget performance, governor Wike narrated that the approved total budget of the State was N420, 485,053,736.00 only.

He disclosed that by the end of October 2022, total revenue receipts of the State stood at N321, 250,781,228.91, only about 70% performance. While, the total receipts from internally generated revenue (IGR) was N112.099 billion. This, according to him, represents 25% performance above the figure of 2021 for the same period but over 50% less than the projected sum for 2022.

“The shortfall in IGR is attributed to our inability to collect the projected proceeds from value-added tax following the stay of execution ordered by the Court of Appeal, which we have appealed to the Supreme Court.

“Furthermore, augmentation from the Federal Government accounts for the nominal increase recorded in the allocations from the Federation Account Allocation Committee (FAAC). In other words, the 2022 budget performance did not also meet projected receipts from FAAC.

“Nevertheless, the aggregate performance of the budget on the revenue side stood at over 90% at the end of October 2022.”

Governor Wike revealed that the sum of N5 billion has been proposed under Special Projects to introduce and fund a free feeding programme for pupils in State primary schools to increase and sustain enrolments and reduce poverty.

He said the State has further provided N4 billion under Special Projects to fund free medical care for nursing mothers and children for the fiscal year 2023.

The Rivers State governor said although this is the last lap of his tenure, the administration is resolved to continue to advance Rivers development and secure its future.

“We are therefore poised to use the 2023 budget to deliver more transformative infrastructure and other strategic projects and services and move our dear State closer to the point of self-sustainability.”

The Speaker, Rivers State House of Assembly, Rt. Hon. Ikuinyi-Owaji Ibani, noted that governor Wike has through prudent allocation of resources put in place a roadmap for the development of the State.

Ibani, who commended the governor for his achievements in the past seven years, noted that his numerous infrastructural projects will positively impact on the development of the State in future.

Politics

Togo Elections: ECOWAS Deploys Election Observation Mission

Published

6 days ago

April 28, 2024

Ochuwa Ibrahim

Togo Elections: ECOWAS Deploys Election Observation Mission

By: Michael Mike

The President of the Economic Community of West African States ( ECOWAS) Commission, Dr Omar Alieu Touray, has deployed an Election Observation Mission of 40 observers to Togo to monitor the legislative and regional elections scheduled for 29 April 2024

According to a statement at the weekend, the mission is in line with the provisions of Article 12 of the ECOWAS Supplementary Protocol on Democracy and Good Governance and constitutes support from the regional organisation to its Member States for the conduct of their elections.

The mission is led by the former Vice-President of The Gambia, Mrs Fatoumata Jallow-Tambajang.

According to the statement, the mission is made up of Ambassadors from Member States accredited to ECOWAS; representatives of the ECOWAS Court of Justice and Parliament; Civil Society Organisations; media professionals and election observation specialists from the West African region.

It revealed that: “This observation mission is being deployed following the recommendations of a pre-election fact-finding mission that visited Togo from 15 to 20 April 2024 to assess the preparatory phases of the elections.

“During its stay in Togo, the observation mission will hold consultations with the main stakeholders in the electoral process and monitor the voting process up to 29 April 2024.”

Togo Elections: ECOWAS Deploys Election Observation Mission

Politics

Re-run election into the national assembly, a Triumph of Democracy – Kwande

Published

2 months ago

February 22, 2024

Ochuwa Ibrahim

Re-run election into the national assembly, a Triumph of Democracy – Kwande

By: Bodunrin Kayode

A Plateau elder Ambassador Yahaya Kwande has described the just concluded re-run election into the national assembly as a Triumph of Democracy.

In a release titled Congratulations to the Winners of Plateau State Bye Elections of February 3, 2024, he noted that the entire exercise was a victory to the people of the state.

“With great joy and profound gratitude, I extend my heartfelt congratulations to the newly elected Senator, (Plateau North Senatorial District), Prince Pam Mwadkwon Dachungyang, and the Member of the House of Representatives, (Jos North/Bassa Constituency), Hon. Daniel Asama, on their resounding victory in the recently concluded bye election held in Plateau State.

“Your triumph is a testament to the true spirit of democracy and the unwavering support of the people.

“I have no doubt that both Prince Pam Mwadkon and Hon. Daniel Asama will live up to the aspirations and expectations of the voters, as they embark on this noble responsibility of representing their constituents. May your tenure be marked by dedication, integrity, and a relentless pursuit of progress for our beloved state and nation.

“As we celebrate this momentous milestone, let us not forget the challenges we faced during the post-2023 elections period. It is my sincere hope that Plateau State will swiftly recover from the divisions and tussles that marred our unity. Let us unite as one, for the strength of our state lies in our togetherness.

“It is essential for the government and the people to undertake immediate measures to reconcile and bridge the gaps that have emerged. We must never forget that every citizen, irrespective of their religion or ethnicity, is entitled to their fundamental rights. The use of religion as a tool of disfranchisement must cease; we must affirm that citizenship rights are not conditional on faith.

“Let us also strive to recapture the lost glory of our state, when Jos was hailed as the political Mecca of Nigeria, attracting momentous political events and embracing politicians from all shades and ideologies. We can revive this legacy by nurturing an environment that exudes peace, openness, and security for all. Together, we can restore Plateau State as a beacon of democratic excellence.

“In conclusion, I express my utmost optimism for the future of Plateau State. I extend my deepest appreciation to all who peacefully participated in the bye election, be it as candidates or enthusiastic supporters. Our journey towards progress and development continues, and I am confident that we will stand united, empowered by the unwavering spirit of our people.” said Kwande.

Re-run election into the national assembly, a Triumph of Democracy – Kwande

Politics

APC-IGG: Ambassador Tsoken commends President Tinubu for intervening to ease hardship for Nigerians.

Published

3 months ago

February 13, 2024

Ochuwa Ibrahim

APC-IGG: Ambassador Tsoken commends President Tinubu for intervening to ease hardship for Nigerians.

By: Jabiru Hassan

The National President of the APC Initiative for Good Governance (APC-IGG), Ambassador Musa Mohammed Tsoken, has commended President Bola Ahmed Tinubu for intervening to ease the hardships affecting Nigerians.

In a message he issued to newsmen in Abuja on Monday, Ambassador Tsoken described President Tinubu as a leader with listening war by giving a marching order for the release of different food items to ease hardships for the people of Nigeria, which is a good initiative.

”APC-IGG has recognized what Mr. President has done in order to ease the hardship affecting the people on the food price hike, which is very good foresight from our leader. We therefore thank all those who have helped with the implementation of the process to release the food items from the federal government reserves across the country for their well-deserved thought.” The statement was added.

Ambassador Musa Mohammed Tsoken reassured the people of Nigeria that the APC Initiative for Good Governance would continue to work selflessly in order to ensure that Nigeria is progressive under the present democratic dispensation without bias.

Amb Tsoken emphasizes that the emergence of His Excellency Sen. Dr. George Akume as the Secretary to the Government of the Federation depicts the fact that President Bola Ahmad Tinubu has reliable and credible individuals who have verse experience in governance from all ramifications; therefore, the deliverance of democratic dividends is something that Nigerians should believe in its workability and full efficacy in the near future, considering the fact that some of the policies and programs of the Renewed Hope Agenda have started gaining sway in the lives of the citizenry, he concluded.

APC-IGG: Ambassador Tsoken commends President Tinubu for intervening to ease hardship for Nigerians.