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House of Reps set to stop Federal allocation of 21 State Governors over Local Govt autonomy

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The House of Representatives has announced measures to suspend local government allocations for councils across Nigeria led by unelected officials, effective immediately.

This decision follows the adoption of a motion sponsored by Hon. Ademorin Kuye, highlighting the urgent need to uphold democratic principles in local governance and address financial irregularities linked to non-elected local government officials.

The House has tasked the joint Committees on Finance, Revenue Mobilization, and Allocation (RMAFC) to withhold allocations from local governments not governed democratically. Alternatively, RMAFC will establish a dedicated account to hold these funds until democratically elected representatives assume office in those councils.

Additionally, the House has instructed the Office of the Attorney General of the Federation (oAuGF) to initiate legal action against any state government that prematurely terminates the tenure of local government administrations. RMFAC is directed to withhold allocations intended for these affected local governments.

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Furthermore, the Committee on Legislative Compliance has been mandated to ensure strict adherence to these directives.

Hon. Kuye emphasised the motion’s intent, criticising state governors for disregarding Section 7 of the 1999 Constitution (as amended), which guarantees the governance of local governments by democratically elected officials and mandates state governments to support their operations.

He said: “The House is aware also that by virtue of section 8 of the 1999 constitution as amended, mandates the State House of Assembly to make laws for the establishment, tenure, structure, composition, finance and functions of these councils stipulated by the constitution.

“The House is further aware that the local government, as envisaged by the constitution, is the most important tier of government as it is the closest to the people and the obvious foundation of both the subnational and the federal government.

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“The House is informed that in December 2023 the Senate adopted a resolution to stop allocation to some States after debate on a motion sponsored by the Senate Minority Leader Senator Abba Moro on the urgent need to halt the erosion of democracy, as more Senators urge the extension of sanctions to other States that have usurped and upended democratically elected council officials and had installed unelected caretaker executives.

“The House is concerned that the dissolution of democratically elected council officials is in direct contravention of section 7 of the Nigerian Constitution, The supreme court pronouncement on such matters and a deliberate affront on democracy.

“Worried is the increasing number of States acting with such impunity and constitutional disregard as about 21 State Governors are currently running Councils with Caretaker Committees.

“The House is dismayed that this impunity and constitution disregard is a deliberate effort to upstage democracy, shrink the development potential of Local Councils, enshrine lack of accountability and limit transparency in Local Governments and the state as a whole.”

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Brain Drain, Infrastructure, Resource Allocation Challenges Of Health Sector – Reps

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By Gloria Ikibah
The House of Representatives has highlighted the detrimental impact of the mass migration of health workers from Nigeria, describing it as a major challenge to the country’s healthcare system.
The Chairman, House Committee on Health Institutions,  Rep. Amos Magaji, stated this during a public hearing on 16 bills aimed at establishing various health institutions, on Thursday in Abuja.
Rep. Magaji underscored the need for better distribution of healthcare facilities, particularly in rural areas, to address population growth and healthcare gaps.
He noted, “Recently, there has been an enormous migration of doctors, nurses, and other health workers in search of ‘greener pastures,’ leaving Nigeria’s health sector severely understaffed. To improve the sector, we must invest in human resources, medical intelligence, and the administrative appointment of capable persons based on merit.”
The Chairman also brought to light the infrastructural deficiencies in healthcare institutions across the country, citing inadequate funding, lack of maintenance, and insufficient equipment as recurring issues.
The Minister of Health, Prof. Mohammed Ali Pate, represented by Dr. Jimoh Olawale Salahudeen, in his submission warned against the duplication of health institutions, and stated that such efforts would strain the already scarce resources.
He explained, “Existing Federal Teaching Hospitals and Medical Centers in Nigeria, including those in the North West, already provide cardiovascular care and related services. Establishing a new institute would add financial burden without addressing the core issues.”
Pate also acknowledged the migration of health workers and the need for a stronger workforce to handle emerging health challenges.
“The Federal Ministry of Health supports the establishment of new institutions but insists on considering geographical spread, population density, and disease burden in proposed locations,” he added.
The hearing emphasised the need for balanced development in the healthcare sector, adequate funding for existing institutions, and policies to retain health professionals in Nigeria.
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Access Bank (UK) Limited to Acquire AfrAsia Bank Limited

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By Gloria Ikibah
Access Holdings PLC has announced that its subsidiary, The Access Bank UK Limited (“Access UK”), has signed a binding agreement to acquire a majority stake in AfrAsia Bank Limited, the third-largest bank in Mauritius by total assets.
Mauritius, known for its strong financial sector, which contributes 13.4 per cent to its GDP, offers Access UK a strategic base to grow its personal and corporate banking services.
This was contained in a statement by its Company Secretary, Sunday Ekwochi, made available to Naijablitznews.com on Thursday.
According to Ekwochi, the acquisition will also position Mauritius as a hub for Access Bank’s trade finance operations, enhancing its ability to manage cross-border transactions across Africa and internationally.
AfrAsia Bank, as of June 30, 2024, reported total assets of over $5.7 billion and a net profit after tax of $152.4 million, underlining its solid financial position.
**Key statements on the acquisition:**
– Managing Director/CEO of Access Bank Plc, Roosevelt Ogbonna, speaking on the acquisition said:  “This acquisition is a crucial step in our African growth strategy, strengthening our position as a top Pan-African financial institution. Mauritius’ role as a financial hub aligns with our vision to unlock opportunities that drive trade, support businesses, and promote economic inclusion across the region.”
Also Managing Director of Access Bank UK, Jamie Simmonds, stated: “AfrAsia Bank’s strong balance sheet and established brand in Mauritius give us a solid platform for sustainable growth. This deal supports our strategy to diversify earnings and provide clients with seamless access to global markets.”
Access Bank UK aims to promote sustainable growth, deliver innovative financial solutions, and support trade between Africa and the world.
The acquisition process will be finalized in the coming months, with updates provided as needed.
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FEC approves ₦47.9tn 2025 budget

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By Kayode Sanni-Arewa

The Federal Executive Council, FEC, has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year.

Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu.

This was part of the Medium-Term Expenditures Framework, MTEF, for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.

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“And equally, the fiscal objectives were conservative, because we want to ensure that we study the course much as we believe the projections will be exceeded.

“The budget size that was approved for presentation to the National Assembly in the MTEP is ₦47.9 trillion, with new borrowings of ₦9.2 trillion to finance the budget deficit in 2025,” Bagudu said.

“We need to sustain the market deregulation, commendable market deregulation of petroleum prices and exchange rate, and to compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even to consider the need to amend the relevant sections of the petroleum industry act 2021 to address the significant risk to Federation.

“The Federal Executive Council approved the Medium Term Expenditure Framework and the physical strategy paper, and it will be submitted to the National Assembly.

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“This is in addition to bills that are already at the National Assembly, the economic stabilization bills and tax reform bills, which we believe we will have a very, very strong growth in 2025.”

During the meeting, the FEC approved its submission to the National Assembly as required by the 2007 Fiscal Responsibility Act.

The framework projected a gross domestic product (GDP) growth rate of 4.6 percent, an exchange rate of $75 to the naira, and oil production of 2.06 million barrels per day. [Channels TV]

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