Connect with us

News

President Tinubu Writes Reps Seeking To Increase 2024 Appropriation Act By N6.2trn

Published

on

By Gloria Ikibah 
 
President Bola Tinubu has transmitted a letter to the House of Representatives seeking to increase the 2024 Appropriation Act by N6.2 trillion.
 
The letter from President Tinubu which was read by Speaker Tajudeen Abbas on Wednesday at plenary, would increase the 2024 budget to N34.9 trillion from an initial N28.7 trillion signed by the President on January 1 this year.
 
The letter seeks an amendment to the budget to provide for N3.2 trillion for infrastructure projects and N3 trillion for recurrent expenditure.
 
The letter reads: “Pursuant to section 58 (2) of the constitution of the Federal Republic of Nigeria as amended, I forward herewith the above named bills for consideration and passage by the House of Representatives.
 
“The Appropriation Act Amendment Bill seeks to amend the principal act to provide the sum of N3,200,000,000,000 for Renewed Hope Infrastructure Projects and other critical infrastructure projects to be undertaken across the country and the sum of N3,000,000,000,000 to meet further recurrent expenditure requirements necessary for the prosper operation of the federal government.
 
“They shall be funded by accruing to the Federal Government of Nigeria”.
 
President Tinubu also requested that the House amend the Finance Act 2023 to tax windfalls gotten by banks owing to foreign exchange gains.
 
“Furthermore, the proposed amendments to the Finance Acts 2023 are required to a one-time windfall tax on the foreign exchange gains realised by banks in their 2023 financial statements to fund capital infrastructure development, education, and healthcare as well as welfare initiatives all which are components of the Renewed Hope Agenda,” he said
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Tight security in Benin as Edo governorship election draws near

Published

on

By Ojomah Austin.

 

A large number of officers from the Nigeria Police Force, the Nigerian Army, and the Nigeria Security and Civil Defence Corps (NSCDC) have been mobilized across the city, causing traffic congestion in several areas.

Security personnel were spotted at the Independent National Electoral Commission (INEC) office in Benin, securing strategic locations, with some awaiting further deployment to other parts of the state.

Advertisement

This follows the recent deployment of 35,000 police officers to maintain law and order during the elections, With less than 48 hours to the Edo State governorship election.

The NSCDC also deployed 6,433 officers, while the Defence Headquarters has stationed soldiers to ensure a safe environment for voters.

In addition, authorities have implemented a “show of force” with security agents patrolling key areas.

In anticipation of the election, the Edo State Government declared Friday a work-free day to allow voters to travel to their polling units.

Advertisement

Meanwhile, the Christian Association of Nigeria (CAN) held a prayer session in Benin, calling for peace and the election of a credible leader who will govern with integrity.

INEC has also commenced the distribution of sensitive electoral materials to all 18 local government areas, ensuring readiness for Saturday’s vote.

Continue Reading

News

New video of Zinoleesky gets tongues wagging

Published

on

……“E remain small make breeze blow am away”

By Ojomah Austin.

 

Nigerian singer, Zinoleesky stirs a buzz online due to a recent video of him circulating on social media.

Advertisement

In the video, Zinoleesky dons a white shirt alongside black trousers as he brags about being worthy to be used as a Valentine’s gift.
Reacting to the video, netizens commented on his skinny appearance.

Famous musician, Oniyide Azeez, better known as Zinoleesky trends online due to a new clip serving the rounds on social media.

In the video, the ‘Element’ hitmaker is spotted wearing a white shirt and a stylish black trouser. While being filmed, Zinoleesky bragged mightily about his looks.

He reiterated that he could be used as a Valentine’s gift to any girl.

Advertisement

The video generated a buzz online with a large number of netizens commenting on his thin body shape. Some swiftly leveraged it to make fun of the artiste.

One @janicekate_x wrote: “E remain small make breeze blow am away 😂.

soromotoochukwu wrote: “I like how music can take you to another place. For example, this restaurant is playing Zinoleesky so now I’m going to a different restaurant.”

Advertisement

dave.dexter27 wrote: “Make breeze sha no blow as we wan deliver the valentine gift😂😂😂.”

oluwatamilore_xx wrote: “Bro,drank all the whole slimming tea and nothing is left to slim down.”

isco_west_whil wrote: “Chaii dem don set this Guy up for dragging again😂😂.”

scheargoon wrote: “Try put stone for your pocket guy”

Advertisement

bouncequotes wrote: “My boy 😂😂😂😂 slim daddy for dem girls.”

just_eniola_olayemisi wrote: “No be your fault zino, u no just get choice that to continue to dey craze 🥺 I feel for u my bro.”

zaza_mula112 wrote: “Zino Dey enjoy, while seyi vibe Dey cry under record label 😂😂.”

jamesmike7837 wrote: “See person be like broom stick😂.”

Advertisement

sheis_shuga wrote: “Who Dey decive you werey 😢😢see as u slim like who get HIV 😢😔🙄🥺Dooh.”

Continue Reading

News

AU Agenda 2063: Nigeria Recommends Key Implementation Strategies, Capacity Building

Published

on

By Gloria Ikibah
Nigeria has recommended some strategies to support the realization of the African Union’s (AU) Agenda 2063, ans among these are the creation of regional centres of excellence to strengthen technological capacity, development of innovative financial models, and introduction of incentives to encourage public-private partnerships (PPP) for infrastructure development.
These were the suggestions highlighted by the Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu, during his speech at the 12th Annual Conference of Speakers of National and Regional Parliaments held at the Pan-African Parliament (PAP) in Midrand, South Africa.
Naijablitznews.com reports that Agenda 2063 is a 50-year strategic plan aimed at transforming Africa into a global powerhouse, adopted in 2013 and it outlines the continent’s aspirations for inclusive and sustainable development. The agenda also identifies key flagship programmes designed to accelerate Africa’s economic growth and transformation.
Kalu stressed the importance of making Agenda 2063 widely recognized across Africa and highlighted the need for sufficient funding to ensure its success.
“We are pursuing this agenda, but there are challenges, especially around financing. The question is, how do we make Agenda 2063 a household project without adequate funding?” Kalu remarked.
He emphasized that Africa cannot rely solely on external sources and must take ownership of financing the agenda.
The Deputy Speaker also proposed that Africa explore public-private partnerships (PPP) to raise funds for infrastructure projects aligned with Agenda 2063, possibly offering tax incentives to participants. He also suggested that Africa establish centres of excellence across the regions to build capacity in technology and knowledge, ensuring that the continent can fully own and implement the project.
Furthermore, he pointed out the potential overlap between Agenda 2063 and the Sustainable Development Goals (SDGs) in areas such as healthcare, and urged that Africa prioritize objectives outside the SDGs to enhance efficiency.
“To drive Agenda 2063, we must have the necessary capacity. We cannot borrow knowledge from outside the continent to implement our own agenda,” Kalu added.
Continue Reading

Trending

Copyright © 2024 Naija Blitz News