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Reps Pass N35.06tn 2024 budget

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…promise readiness of  NASS to engage MDAs for implementation 
 
By Gloria Ikibah 
 
The House of Representatives has passed the supplementary bill seeking to increase the 2024 Appropriation Act from N28.7tn to N35.06tn.
 
Naijablitznews.com recalled that on Wednesday, July I7, 2024, the House passed the N6.2tn extra-budgetary proposal by President Bola Tinubu.
 
Thr bill passed through third reading on Tuesday, and at the committee of supply, the house considered and approved clauses 1 to 13 of the bill.
 
In the breakdown of the proposed N35.06tn for the 2024 fiscal year, the sum of N1.74tn was earmarked for statutory transfers; N8.27tn for debt service; N11.2tn for recurrent expenditure while the sum of N13.77tn is slated as a contribution to the Development Fund for capital expenditure for the year ending December 31, 2024.
 
 
In the lead debate on the general principle of the bill, Chairman, Committee on Appropriation, Rep. Abubakar Bichi whilr presenting the harmonised joint Senate and House report on the budget, pleaded for the House to adopt the recommendations of the Committee.
 
Addressing journalists shortly after the passage of the budget, Rep. Bichi stated:.”As you can see, we have passed the N6.2tn budget of Mr President, the budget of renewed hope.
 
“N3.2tn is for capital expenditure while about N3tn will go to the current. And as I said last time, the Lagos-Calabar coastal highway is a critical road infrastructure that Mr President wants to actualize.
 
“The Lagos-Calabar highway covers about nine states, which is about 700-kilometre road projects. Also, the Sokoto-Badagry highway is critical, covering about seven states. It covers about 1,000km. We have another one from Ebonyi, all the way from Abuja, from the Trans-Saharan section. We need some funding to execute these important projects,” he said.
 
 
The committee chairman further noted that strategic rail projects passing through Abuja, Katsina, Kaduna, Kano, and Katsina up to Maradi in Niger Republic will be funded from the budget. 
 
He therefore promised the readiness of the National Assembly to engage the various Ministries, Departments and Agencies to ensure the full implementation of the budget. 
 
He said, “We engaged both the Minister of Budget and the implementation agencies – Minister of Transport, Minister of Works, and Minister of Water Resources. They promised that as long as we pass this budget, the implementation will be 100 per cent. 
 
“We had an engagement with the Minister of Budget and National Planning and she confirmed that the funding is there and the projects will commence”. 
 
On whether the sum of N3tn approved for the payment of the N70,000 minimum is enough, Bichi said, “Absolutely, we did our calculations. We got the data from the Accountant General of the Federation’s office before we applied this figure.
 
“We know that the money is enough from now till December 31 to take care of the N70,000 minimum. Nigeria should be expecting dividends of democracy.”
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More Nigerians, Others Deported By Libya Govt

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Few months after many Nigerian were deported, the Department for Combating Illegal Migration in Libya has deported seven Nigerians, three Bangladeshis, and three Ghanaians detained at the Qanfoudah Immigration Detention Centre.

The deportees were flown out of Libya via Benina International Airport in Benghazi.

in a statement on their X handle on Tuesday, confirmed that these individuals were deported for violating Libyan law.

The statement read, “DCIM deported 13 migrants (3 Bangladeshis, 3 Ghanaians, and 7 Nigerians) from the Qanfoudah Immigration Detention Centre via Benina International Airport in Benghazi. All individuals, ,,,were deported for violating laws in force in the Libyan state.”

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At the time of filing this report, total number of deported Nigerians still sketchy.

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Abia Assembly orders Deputy Governor, Emetu to apologise over assault on House member

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Abia House of Assembly directs Deputy Gov Engr Ikechukwu Emetu to issue an unreserved apology to the house over assault on the member representing Ohafia South, Hon Kalu Mba Nwoke.

The motion which was moved by the member representing Ukwa West , Godwin Adiele was supported by other members

Kalu Mba Nwoke was reportedly assaulted at the Ohafia Local government Secretariat on Saturday, 2nd of November 2024( date of the just concluded local government elections)

The lawmaker alledged that he was assaulted on the orders of the Deputy Gov Engr Ikechukwu Emetu because he demanded that election result sheets should be available before the elections.

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NNPC, Dangote Sign GSPA Agreement To Boost Local Production, Revamp Industrial Growth

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The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National d Gas Sale and Petroleum Company (NNPC) Limited, has successfully executed a Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.

The agreement, according to a statement signed by NNPCL spokesperson, Olufemi Soneye was undertaken by the Managing Director, NGML, Barr. Justat the Ezeala and the President/CEO of the Dangote Group, Aliko Dangote on Tuesday at Corporate Head Office of Dangote in Falomo, Lagos State, outlines the supply of natural gas for power generation and feedstock at the Dangote Refinery, in Ibeju-Lekki, Lagos State.

This major milestone is in line with President Bola Ahmed Tinubu’s policy of utilizing Nigeria’s abundant gas resources towards revamping the nation’s industrial growth and kickstarting its economic prosperity.

This development, which sees a huge investment of this nature penned with zero capital expenditure (CAPEX) outlay, has been described by many as unprecedented in the history of NGML or any gas Local Distribution Company (LDC) in the country.

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Under the terms of the agreement, NGML will supply 100 million standard cubic feet per day (MMSCF/D), 5OMMSCF/D being firm supply and the rest 50MMSCF/D interruptible natural gas supply to the refinery for an initial period of 10 years, with options for renewal and growth.

This collaboration is a significant step toward ensuring the operational success of the Dangote Refinery and enhancing Nigeria’s domestic gas utilization.

NNPC Ltd, through NGML, its gas marketing subsidiary, continues to lead efforts in promoting the use of domestic gas to support industries and businesses nationwide.

The agreement represents a milestone for both NNPC Ltd and Dangote Refinery, aligning with their shared commitment to boosting local production and providing vital products for the benefit of all Nigerians.

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It is also a further proof of NGML’S unwavering commnitment to business excellence and fulfilling NNPC Ltd’s core mandate of ensuring Nigeria’s energy security through the execution of strategic gas projects across the country.

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