Connect with us

News

Reps Pass Bill To Amend 2024 Appropriation Act, Finance Act 2023

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad
…as House considered, approved N1.9trn budget for NDDC
 
By Gloria Ikibah
 
The House of Representatives has passed a Bill to amend the 2024 Appropriation in line with President Bola Tinubu’s request.
 
Titled, “A Bill for an Act to Amend the Appropriation Act, 2024 to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of ₦3,200,000,000,000.00 (three trillion two hundred billion, Naira) only. is for Capital Expenditure and the sum of ₦3,000,000,000,000.00 (three trillion, Naira) only is for recurrent expenditure for the year ending on the 31st day of December, 2024 (HB. 1610)”.
 
Also, the Bill for an Act to Amend the Finance Act, 2023 to impose and charge Windfall Tax on Banks and Provide for the Administration, scaled second reading.
 
The House also considered and approved N1.9 trillion budget for the Niger Delta Development Commission (NDDC).
 
The sum of N38,545,349,193 is earmarked for personal expenditure; N29,246,506,753 is for overhead expenditure; N8,785,574,130 for internal capital expenditure; N835,222,569,924 for development projects; while N1,000,000,000,000 is for Legacy Projects Funded by Borrowing for the year ending 30 April, 2025.
 
The report of the Committee on NDDC presented by Hon. Erhiatake Ibori–Suenu which was considered and approved.
 
The report reads: “That the House do consider the Report of the Committee on Niger Delta Development Commission (NDDC) on the issue from the Statutory Revenue Fund of the Niger Delta Development Commission the total sum of N1,911,800,000,000 (one trillion, nine hundred and eleven billion, eight hundred million naira), only out of which the sum of N38,545,349,193 (thirty–eight billion, five hundred and forty–five million, three hundred and forty–nine thousand, one hundred and ninety–three Naira) only is for Personnel Expenditure, while the sum of N29,246,506,753 (twenty–nine billion, two hundred and forty–six million, five hundred and six thousand, seven hundred and fifty–three Naira) only is for Overhead Expenditure, N8,785,574,130 (eight billion, seven hundred and eighty–five million, five hundred and seventy–four thousand, one hundred and thirty Naira) only is for Internal Capital Expenditure, while the sum N835,222,569,924 (eight hundred and thirty–five billion, two hundred and twenty–two million, five hundred and sixty–nine thousand, nine hundred and twenty–four, Naira) only is for Development Projects,
while the sum of N1,000,000,000,000 (one trillion, Naira) only is for Legacy Projects Funded by Borrowing for the year ending 30 April , 2025 and approve recommendation therein”.
Continue Reading
Advertisement
Click to comment

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Leave a Reply

News

Shock as Politician Who Swore on Quran to Back Kwankwaso Defects to APC

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Kabiru Adamu Abdullahi, a long-time ally of Kwankwasiyya leader and Vice-Presidential candidate of the Nigerian Democratic Congress (NDC), Rabiu Musa Kwankwaso, has defected to the All Progressives Congress (APC).

Abdullahi, who previously swore on the Qur’an to affirm that Kwankwaso did not send Governor Abba Kabir Yusuf to the APC earlier this year, announced his resignation from the NDC in a letter addressed to the party chairman of Kofar Ruwa Ward in Dala Local Government Area of Kano State.

He said his decision was prompted by frustration over what he described as “failed promises” within the NDC, adding that he would now support President Bola Tinubu’s re-election bid under the APC.

“I have been with Kwankwaso for 29 years but have only benefited from failed promises. I will go to where I will be respected more,” Abdullahi said.

Advertisement

In his resignation letter, he thanked the NDC for the opportunity to serve the party but announced his immediate resignation from its membership.

Continue Reading

News

Alleged Christian Genocide: Trump reviews U.S. designation of Nigeria as ‘country of particular concern’

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Second Session of the U.S.-Nigeria Joint Working Group to Address Nigeria’s Country of Particular Concern Designation

Under Secretary of State for Political Affairs Allison Hooker hosted the second Joint Working Group (JWG) with a Nigerian delegation led by Nigerian National Security Advisor Mallam Nuhu Ribadu in Washington on August 12, 2026.

The engagement builds on progress made since the first session held in Abuja, Nigeria, on January 22, 2026.

Discussions centered on three priority areas: protecting Christian communities in Nigeria’s Middle Belt, holding perpetrators of violence accountable by strengthening judicial and security institutions, and military-to-military cooperation.

Advertisement

Under Secretary Hooker and the Nigerian delegation reviewed progress on internally displaced persons’ (IDP) resettlement to their ancestral homes, counterterrorism prosecutions, and combatting the financing of terrorism.

The JWG identified continuing challenges, including reports of civilian fatalities and gaps in humanitarian expenditure transparency.  Discussions on military-to-military cooperation continue today at the Pentagon.

The United States noted Nigeria’s reported efforts to date, including the prosecution of hundreds of Boko Haram and Islamic State-West Africa (ISIS-WA) suspects, expansion of judicial capacity, and recruitment and training of 50,000 additional police officers.  Both sides acknowledged that more work lies ahead, particularly with supporting IDPs.

The two sides also discussed continued cooperation on countering terrorism financing, biometric information sharing to support accountability measures, and law enforcement capacity building through the Department’s Bureau of International Narcotics and Law Enforcement Affairs (INL) and Bureau of Counterterrorism (CT).

Advertisement

Under Secretary Hooker separately met with NSA Ribadu to further advance bilateral priorities and reaffirm the United States’ commitment to working with Nigeria to protect Christian communities and to deepen joint security cooperation.

Continue Reading

News

Fire guts hostel at St Louis College, Jos

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Fire has gutted one of the hostels at St Louis College, Jos, Plateau State, destroying furniture, mattresses and other valuables.

The fire reportedly broke out at the school, located after Standard Junction, Jos, at about 6pm on Thursday.

The incident occurred while the students were on holiday, averting possible casualties.

An eyewitness, Taiwo Olayinka, who spoke to our correspondent, said several properties were destroyed in the affected hostel.

Advertisement

He said, “An unfortunate fire gutted one of the hostels in the school. Thankfully, students are on holiday, but furniture, mattresses and other valuables are being consumed by the inferno.”

The cause of the fire was not immediately known as of the time of filing this report.

Olayinka, however, said security operatives, including men of the fire service, had been deployed to the school to put out the fire.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News