News
Uzodimma signs new law on Imo electricity
Imo State Governor Hope Uzodimma on Thursday accented two executive bills into law, a bill on electricity and another to amend Imo State Polytechnic Law No. 15 of 2012 to pave the way for the merger of campuses of the polytechnic.
The governor said signing the two bills into law became necessary to position Imo State on the path of sustainable development.
He said that poor electricity generation and distribution have taken the shine off the development indices in Imo State and should not be allowed to continue.
Governor Uzodimma therefore hinted that he had approached President Bola Ahmed Tinubu to allow the Imo State government to take over the Egbema Power Plant, a federal government project conceived under the Niger Delta Power Holding Company and abandoned in 2006.
He said the President has graciously granted his request to take over the Egbema Power Plant, rehabilitate the facilities therein and rely on the same to solve the electricity challenges of the state in line with the President’s Renewed Hope Agenda.
The governor said he had visited the site with some experts, technical partners and officials of government to assess the level of decay on ground which will run into millions of dollars and that the technical partners and the experts had also visited the 27 local government areas of Imo State to look at the connectivity aspect of the communities to the plant in question.
The governor said he is optimistic that in 12 months, Imo State’s story concerning effective power generation, supply and consumption will be different.
On the bill to amend the existing Imo State Polytechnic Law No. 15 of 2012 to pave the way for the merger of campuses, Governor Uzodimma said that the state is already spending so much hosting the highest number of higher institutions in the country.
The governor said the Imo State Polytechnic Amendment Bill, which has reversed the multi-campus system to a mono-campus system, will impact more positively on the students, their sponsors, and the government in all ramifications, particularly in terms of the protection of the lives of the students and their teachers.
Presenting the bills for assent, the Speaker, Chike Olemgbe, said that they went through the rigours and scrutiny of the Imo State House of Assembly and that “the electricity distribution and transmission bill makes provision for improved power supply as well as sure-up distribution to our communities.”
News
Reps Honour Governor Bago For Outstanding Performance
News
Nigeria’s Livestock Sector Will Generate N33trn Revenue If Properly Harnessed – Minister Maiha
Naijablitznews.com recalled that upon assumption of office, the Minister pledged to reform Nigeria’s livestock industry to enhance food security, create a safe environment for all stakeholders, and attract foreign investment.
He disclosed a vision for the newly established ministry to include comprehensive reforms aimed at “unbundling” the sector, strengthening infrastructure, and meeting Nigeria’s growing demand for animal protein.
News
Gov Eno presents N955bn budget to Akwa Ibom Assembly
Akwa Ibom State governor, Pastor Umo Eno, presented a proposed total budget outlay of N955 billion for the 2025 fiscal year to the State House of Assembly for consideration on Tuesday.
This was against the revised provision of N923.46 billion in the 2024 budget.
The 2025 financial appropriation estimate comprised recurrent expenditures of N300 billion and capital expenditures of N655 billion.
Eno said that the total capital receipts and expenditure for the year 2025 is estimated at N655 billion as against the proposed revised provision of N573.32 billion for 2024.
He said that the 2025 Budget, which is christened “Budget for Consolidation and Expansion,” is predicated on an oil benchmark of $75 per barrel at a production rate of 2.12 million barrels per day with an estimated exchange rate of N1,400/US$.
The Governor added that the 2025 oil benchmark and exchange rate is in line with the National Budget benchmark projections.
He said that the total projected recurrent revenue for 2025 is estimated at ₦830 billion as against the proposed revised provision of B803.70 billion, representing a 3 per cent increase in revenue projection for the year 2025.
The governor said the policy thrust objectives of the 2025 budget would be to achieve food security through investing heavily in the agricultural revolution.
Other objectives included rural development through robust investments in modern living facilities such as all seasonal roads, rural electrification and others within rural communities to ultimately improve the quality of life for those in the rural areas and help stem rural-urban migration. Ensuring that public schools in the state are equipped and staffed by teachers who are passionate and dedicated.
He said to realise the year 2025 budget objectives, the state shall adopt and improve the effectiveness of budget performance by ensuring fiscal discipline through the implementation of only programmes that were captured in the budget, among other strategies.
In his remarks, Speaker of the Assembly, Udeme Otong, assured the governor that the lawmakers would quicken the consideration process to ensure speedy passage of the 2025 budget estimate to fasten development in the state.
Otong urged all heads of Ministries, Departments, and Agencies (MDAs) in the state to cooperate with the House of Assembly during the budget defence to ensure speedy passage of the budget.
-
News23 hours ago
Simon Ekpa reportedly released from Finnish police detention
-
Metro18 hours ago
Woman, baby die in Ondo church during delivery, police arrest prophetess
-
Metro6 hours ago
SAD! Gas explosion rocks Lagos market, 11 shops damaged
-
Metro6 hours ago
Many admitted after reacting to drugs shared during free medical outreach
-
Metro22 hours ago
Police arrest drug dealer, robber in Bauchi
-
News6 hours ago
EFCC opens up on Yahaya Bello, says he didn’t surrender but nabbed
-
Metro22 hours ago
Libya arrests four Nigerians over drug trafficking, health risks
-
News22 hours ago
Port Harcourt Refinery: Lifting of petroleum products begins as NNPCL starts operations