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Edo Guber: INEC Speaks On APC Primary, Says We monitored from hotel

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The Resident Electoral Commissioner of Edo State, Dr. Anugbum Onuoha, has threatened to sanction governorship aspirants mounting billboards in different locations of the state, saying the commission has not given a go ahead for campaigns.

Onuoha stated this on Monday in Benin, during his maiden parley with journalists in the state.

The Edo REC who frowned at all aspirants for embarking on such activities, said the commission has not lift ban on campaign.

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He also berated media organizations who carry such campaigns, even as he threatened to report them to relevant regulatory agencies for sanction.

On the All Progressives Congress, APC, primary held on Saturday, Onuoha confirmed that officials of the Commission in the state monitored the exercise at the Lushville Hotel and Suite.

When asked which of the two parallel primaries conducted by the two factions of the party was monitored by INEC, Onuoha said he monitored the one the Commission was invited to.

He said: “The Supreme Court has taken decisions on the monitoring of party primaries, that party primaries are primary duties of the parties.

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“Our own is to supervise and in doing such supervision, the party will tell us the venue. It is not the state chapter of the party that will tell us the venue.

“The national body will write to INEC national chairman of the venue, and the date and the time of the primary, and that we have followed strictly.

“Any political party primaries that were not minuted to us by our headquarters, we will not monitor.

“We were notified by APC and we monitored the one we were invited to Lushville Hotel. I was there, that was where I went,” he said.

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Recall that parallel primaries were conducted by the party, with Hon. Dennis Idahosa emerging winner of the result announced by the chairman of the election committee and governor of Imo state, Hope Uzodimma, at Protea Hotel, while Senator Monday Okpepholo emerged winner of the result collated by the returning officer of the election, Stanley Ugbuaja, at Lushville Hotel and Suite.

Anamero Dekere Sunday also emerged as a winner of the primary from Edo North.

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Senate in rowdy session over Tinubu’s tax reform Bills

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Wednesday’s Senate plenary was disrupted by anger and a shouting match over the controversial Tax Reform Bill, which unexpectedly came up for debate despite not being listed as an item for the day’s business.

The session, presided over by Deputy Senate President Jibrin Barau, APC, Kano North, turned heated after the Senate Leader, Senator Opeyemi Bamidele, APC, Ekiti Central, invoked Order 12(1) of the Senate Standing Rules. He proposed inviting experts, including the Director-General of the Debt Management Office (DMO), Tanimu Yakubu, and the Federal Inland Revenue Service (FIRS) Chairman, Zacch Adedeji, to address the Chamber on the Tax Reform Bill.

After the Senate had considered and passed two bills for second reading and referred them to relevant committees, Senator Bamidele raised the motion to bring the tax experts into the Chamber. The motion was seconded by Senator Barau, who directed the Sergeant-at-Arms to allow the visitors in.

However, Senator Mohammed Ali Ndume, APC, Borno South, strongly opposed the move, citing Senate Rules that forbid visitors from addressing the Chamber on matters not included in the Order Paper.

Ndume argued that the Tax Reform Bill was too significant to be treated without following proper legislative procedure, stating:

“This is a very important matter. We must follow known procedures. If this issue is to be addressed today, there must be a supplementary Order Paper to reflect it. Nigerians are watching, and this issue cannot be rushed.”

He added: “Mr. President, you can have your way, but I will have my say. Tax Reform is sensitive, and our people are deeply affected by this matter. We must represent the interest of Nigerians as we swore to do.”

Deputy Senate President Barau responded, defending the decision to allow the experts into the Chamber. He dismissed Ndume’s objections, stating:

“The Chamber has no time for rhetorics. We are here for facts.”

This comment further inflamed the situation, leading to a rowdy session as Ndume accused Barau of dismissing his concerns due to his position.

“Is it because you are sitting there that you are saying a Senator is speaking rhetorics? You can rule me out of order, but I will speak for Nigerians,” Ndume retorted.

Eventually, Ndume was ruled out of order, and the visitors were permitted to address the Chamber on the proposed Tax Reform Bill.

The Tax Reform Bill, introduced by President Bola Tinubu, seeks to overhaul Nigeria’s tax framework. While it is deemed a priority for national economic stability, it has faced resistance from various stakeholders, including state governors and the National Economic Council, over its implications.

The session underscores the contentious nature of the Bill and highlights divisions within the Senate over how to handle its deliberation.

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I’ll Work With Other Stakeholders To Bring Lasting Peace To Nigeria – Acting COAS

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The Acting Chief of Army Staff, Olufemi Oluyede, has pledged to bring lasting peace to the country if confirmed in a substantive position.

He said this when he appeared before the House of Representatives Joint Committee on Defence and Army at the National Assembly Complex in Abuja on Wednesday.

He stressed that the security environment in the country today requires a united effort on the part of every Nigerian.

He also called for strong bilateral and multilateral alliances with neighbouring countries, as well as deep collaboration and joint efforts by the services and other security agencies.

He said, “I am honored this evening to be considered worthy to play a part in these efforts and I look forward to contributing my utmost best by working with the National Assembly and other stakeholders in bringing lasting peace to the length and breadth of our dear country Nigeria.

“I humbly appear before you today to be confirmed as the 24th Chief of Army Staff of the Nigerian Army simply because tragedy befell our Army and Armed Force, and as a nation in total when the 23rd Chief of Army Staff, Lieutenant General Taoreed Lagbaja passed after a brief illness.

“Although before his passing, I had been appointed by Mr. President, His Excellency Bola Ahmed, to act in his place pending his expected full recovery and resumption of duty as the Chief of Army Staff then.

“After Lieutenant General Lagbaja’s demise and state funeral on 15 November 2024, Mr. President, in his wisdom, found me worthy to fully continue the excellent job the Army has been doing here and get confirmed by the National Assembly.

“I have served this great nation as an officer of the Nigerian Army for over 30 years. My exposure to national security issues at the junior, middle, and senior cadres of the military profession has prepared me adequately for the assignment I am being screened for here today.

“In the past five years or thereabout, I have operated at the senior operational and management levels of the Nigerian Army and I have somewhat been part of the running of the service in its entirety.

“Thus, I cannot completely distance myself from the successes or setbacks of our great army in the past couple of years. However, I see my nomination as the Chief of Army Staff as a privileged opportunity to be in the driver’s seat and bring about more positive changes to the Nigerian Army to enable it to fulfil its
constitutional responsibilities.

“Thus, if confirmed by this joint committee and given the common mandate to lead the Nigerian Army during this period, I promise to do my best to justify the confidence imposed in me by the appointing authority which is His Excellency Asiwaju Bola Ahmed Tinubu, the confirming authority which is you members of the National Assembly and the generality of Nigerians.

“Let me underscore that the security environment will find ourselves as a nation requires a united effort on the part of every Nigerian. We also need strong bilateral and multilateral alliances between our country and our neighbors, as well as deep collaboration and joint efforts by the services and other security agencies.

“I a’m glad that this administration of His Excellency Bola Tinubu is on the right path to providing the enabling security environment for socioeconomic activities to thrive and restore a dear country to the path of pride and success,” he said.

He also said the Nigerian Army requires tactical aircrafts.

He said, “Aircrafts have different strata of employment. We have the tactical and the strategic strata of employment. Now the air support that we require as an army is the one at the tactical level, whereby the aircraft should be ready at the force during operations, the combat operations, at the tactical level, while the air force, being the main players in that sphere, are to give us strategic cover. So we require those aircraft and the air wing to support our operations,” he said.

He said there is robust cooperation between Armed Forces adding that he intends to enhance this to ensure that Nigeria has better security and better socio economic development.

Chairman of the House Committee on Defence, Hon Babajimi Benson, said Nigeria continues to grapple with an evolving spectrum of security challenges, ranging from insurgency and banditry to communal clashes and cyber threats.

He said for over a decade, the Armed Forces of Nigeria have been at the forefront of responding to these challenges, launching numerous operations and providing vital support to internal security efforts.

While commending the significant successes recorded in recent years, he pointed out that it is clear more work remains to be done to achieve sustainable peace across all regions of the country.

“The current dynamics of global security demand innovative and adaptive strategies. Threats are no longer confined to traditional battlefields; they now extend to cyberspace, economic domains and even the socio-political fabric of nations.

“In light of this, we must prioritize a forward-looking approach to national defence, ensuring that our military is well-equipped and adequately trained to address both conventional and emerging threats,” he said.

He said their task was not only to assess the qualifications and vision of the nominee for Chief of Army Staff but also to establish a collaborative roadmap for tackling Nigeria’s security challenges.

He said as a partner in the pursuit of a secure and prosperous Nigeria, the House remains steadfast in its commitment to legislative oversight and support for the Armed Forces.

Benson said the House will continue to provide the necessary legal frameworks, advocate for adequate funding and monitor the implementation of appropriations to ensure accountability and transparency in military operations.

He stressed that the position carries immense responsibility, hence the Chief of Army Staff must lead with integrity, professionalism and a deep commitment to the protection of lives and property.

“If confirmed, you will be expected to foster synergy among security agencies, prioritize the welfare of troops and uphold the trust of Nigerians. This committee will ask questions that reflect the concerns of our constituents and the nation as a whole. We urge you to provide comprehensive and candid responses to guide our deliberations.

“In closing, I wish the nominee the very best during this screening exercise. Your role is pivotal in Nigeria’s journey toward lasting peace and stability and we look forward to working with you to achieve this goal. “

Benson said the outcome of the screening exercise would be reviewed and presented to the House during plenary on Thursday.

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Reps Okay $75 Oil Benchmark Price, 2.06mbpd, NGN1400/USD Exchange Rate

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By Gloria Ikibah
The House of Representatives has adopted the projected oil benchmark prices at $75, $76.2, and $75.3 per barrel for 2025, 2026, and 2027, respectively.
This according to Chairman House committees on Finance and National Planning, and Economic Development, Rep. James Faleke, is aimed at providing a stable foundation for the country’s budget and economic planning.
The report also projects a significant increase in domestic crude oil production.
The projected production levels are 2.06, 2.10, and 2.35 million barrels per day for 2025, 2026, and 2027, respectively.
Other key projections include a GDP growth rate of 4.6%, 4.4%, and 5.5% for 2025, 2026, and 2027, respectively. The projected exchange rate is NGN1400/USD for the same period. Inflation rates are projected at 15.75%, 14.21%, and 10.04% for 2025, 2026, and 2027, respectively.
The 2025 Budget proposes spending of NGN47.9 trillion, with NGN34.82 trillion retained and new borrowings of NGN9.22 trillion.
Debt service is valued at NGN15.38 trillion, while pensions, gratuities, and retirees’ benefits stand at NGN1.443 trillion.
The report also highlights concerns over the non-remittance of operating surpluses into the Federation Account by the NNPC, as well as the failure of some revenue-generating agencies to comply with the Fiscal Responsibility Act.
“The three-year projections for domestic crude oil production had a significant increase from 1.78mbpd in the preceding year to 2.06, 2.10 and 2.35 for the subsequent years of 2025, 2026 and 2027.
“Some critical Agencies such as NNPC, NLNG, Immigration Services and others that are relevant to the attainment of set revenue targets engage in Public Private Partnership and Joint Venture
Arrangements that are inimical to the revenue growth of the Country.
“Historical non-remittance of operating surpluses into the Federation Account by the NNPCL due to what it called under recovery with the claim that the federating units owed it the sum of Ten Trillion Naira.
“The GDP growth rate is projected at 4.6%, 4.4% and 5.5% for years 2025, 2026 and 2027 respectively. The projected exchange rate which stands at NGN1400/USD for years 2025, 2026 and 2027.
“Inflation rates projections are 15.75%, 14.21% and 10.04% for 2025, 2026 and 2027; following the criteria in the overview of the framework for revenues and expenses, the 2025 FGN Budget proposed spending stands at NGN47.9 trillion, of which NGN34.82 trillion was retained. New borrowings stood at NGN9.22 trillion which constitutes both domestic and foreign borrowings.
“Debt service was valued at NGN15.38 trillion; pensions, gratuities and retirees’ benefits stood at NGN1.443 trillion and fiscal deficit at NGN13.08 trillion.
“Capital expenditure is projected at NGN16.48 trillion which is exclusive of transfers; statutory transfers stand at NGN4.26 trillion; Sinking Fund is projected at NGN430.27 billion.
‘Total recurrent (non-debt) is projected at NGN14.21 trillion; special intervention for recurrent and capital is pegged at NGN200 billion and NGN7 billion respectively.
“That the existing liabilities and debt obligations are largely responsible for increasing debt profile of the Country.
“Most revenue generating agencies violate the Fiscal Responsibility Act due to the lack of punitive provisions in the Act. Noncompliance with the Nigerian Export Supervision Scheme (NESS) Act by relevant government agencies, specifically focusing on the inspection and monitoring of oil and gas exports as well as non-oil exports.
The committees findings also Identified systemic gaps and irregularities in the operations of the Import Duty Exemption Certificate (IDEC); and that the Federal Government Ministries Departments and Agencies (MDAs) as well as the Government Owned Enterprises (GOEs) are not complying with the financial reporting standards.
Among other recommendations, the House noted: That the National Assembly, through its Committees on Finance, National Planning and other relevant Committees should carry out in-depth investigation of such agreements by the NNPC, NLNG and Immigration Services with a view to reconcile remittances to the Federation Account.
It added that the Committees on Finance,Petroleum Upstream, and Petroleum Downstream are tasked to
investigate reports from the Revenue Mobilization, Allocation, and Fiscal Responsibility Commission alleging that the NNPC withheld ₦8.48 trillion as claimed subsidies for petrol.
Additionally, the investigation will address the NEITI report stating that NNPC failed to remit $2 billion (₦3.6 trillion) in taxes to the Federal Government.
The committees are further directed to
verify the total cumulative amount of unremitted revenue (under-recovery) from the sale of Premium Motor Spirit (PMS) by the NNPC between 2020 and 2023.
That the GDP growth rate which is projected at 4.6%, 4.4% and 5.5% for years 2025, 2026 and 2027 respectively be approved ; and that the projected exchange rate which stands at NGN1400/USD for years 2025, 2026 and 2027 be approved subject however to review in early 2025 according to monetary and fiscal policies.
The House further noted that the Inflation rates projections which are 15.75%, 14.21% and 10.04% for 2025, 2026 and 2027, be approved.
That the following the criteria in the overview of the framework for revenues and expenses, the 2025 Federal Government of NigeriaBudget proposed spending stands at NGN47.9 trillion, of which NGN34.82 trillion was retained; new borrowings stood at NGN9.22 trillion which constitutes both domestic and foreign borrowings; debt service was valued at NGN15.38 trillion; pensions, gratuities and retirees’ benefits stood at NGN1.443 trillion and fiscal deficit at NGN13.08 trillion.
That the Capital expenditure is projected at NGN16.48 trillion which is exclusive of transfers statutory transfers stand at NGN4.26 trillion; Sinking Fund is projected at NGN430.27 billion; That the Committee approves the respective figures for total recurrent (non-debt) at NGN14.21 trillion; special intervention for recurrent and capital is at NGN200 billion and NGN7 billion; and that the National Assembly do approves the Promissory Note Programme and Bond Issuance to  settle outstanding claims and liabilities of Federal Government owed to States, high priority judgments as well as liabilities incurred by Federal Ministries, Department and Agencies on behalf of Government.
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