Connect with us

News

 Peter Obi condemns FG for running multiple budgets concurrently, says it’s ‘recipe for chaos’

Published

on

Peter Obi, former presidential candidate of the Labour Party in the 2023 election, has condemned the federal government for operating multiple budgets concurrently.

 

In a post on X on Saturday, Obi said this is a blatant disregard for fiscal responsibility, transparency, and accountability.

 

Currently, the federal government is operating the 2023 budget, 2023 supplementary budget, and the 2024 budget — and on May 29, President Bola Tinubu said the 2024 supplementary appropriation bill would soon be presented before the national assembly.

 

According to Obi, this action by the federal government is also a recipe for chaos, confusion, and catastrophe.

“All available evidence has confirmed that the Nigerian government is implementing four national budgets concurrently,” he said.

 

“This is in blatant disregard for fiscal responsibility, transparency, and accountability. It is also a recipe for chaos, confusion, and catastrophe.

 

“This intentionally reckless action will lead to frivolous items in the approved budgets competing with essential projects for limited resources, further exacerbating the suffering of the Nigerian people.”

Obi said Nigerian leaders are disconnected from reality and lack the competence to manage the nation’s finances effectively.

READ  N121.86trn debt: Provide breakdown on utilisation of borrowed funds, Peter Obi tells FG

 

“It indicates that the leaders are out of touch with reality and lack the competence to manage our nation’s finances effectively,” he said.

 

“Unfortunately, this deliberate act of fiscal recklessness is being undertaken by elected representatives of the people, thereby betraying one of the cardinal pillars of democracy. Leaders are elected to responsibly manage public resources in an organized way.

 

“I respectfully appeal and in fact, demand that this situation be reversed immediately in preference for a more responsible and transparent approach to budgeting. We must prioritize the needs of the Nigerian people, not the selfish interests of a few. This is a call to action for all Leaders to desist from actions that will further drive the country into economic chaos.”

The former presidential candidate added that neither the national assembly nor the executive has any excuse to promote or condone such unconscionable behaviour.

 

BudgIT, a civic-tech organisation, has also condemned plans by the federal government to implement four national budgets concurrently.

READ  Minimum wage: Labour refuses to shift ground, insists on N497,000, negotiation continues Tuesday

 

In a statement issued on Friday by Gabriel Okeowo, BudgIT’s country director, the organisation described the situation as a worrisome development.

 

He pointed out that globally, budgets are typically prepared to cover 12 calendar months, from January to December.

Okeowo warned that if multiple budgets are implemented simultaneously, projects from the 2023 budget and the 2023 supplementary budget will compete for the limited resources available to the federal government with essential projects in the 2024 budget.

 

News

PHOTOS: Oluyede assumes office as acting Chief of Army Staff

Published

on

By

 

Major General Olufemi Oluyede has formally taken over as the Acting Chief of Army Staff in a handover ceremony held at the Defence Headquarters in Abuja on Friday.

 

The Defence Headquarters revealed this in photos from the ceremony shared on X.com.

 

The caption read, “Formal Taking Over Ceremony of the Acting Chief of Army Staff, Major General OO Oluyede.”

 

He was appointed in an acting capacity by President Bola Tinubu on Wednesday, pending the return of the indisposed substantive COAS, Lieutenant General Taoreed Lagbaja.

 

Until his appointment, Oluyede reportedly served as the 56th Commander of the elite Infantry Corps of the Nigerian Army, based in Jaji, Kaduna.

The 56-year-old Oluyede and Lagbaja were coursemates and members of the 39th Regular Course.

 

Oluyede’s appointment came a few days after the Defence Headquarters stated that the appointment of an acting COAS was not recognised under the Harmonised Armed Forces Act.

READ  FG explains minimum wage July 29 backpay

However, a notice on Thursday, signed by Group Captain Chris Erondu on behalf of the Director of Defence Information, Brigadier General Tukur Gusau, stated that the handover ceremony would be held at the Defence Headquarters conference room at 10 am.

 

The Chief of Defence Staff, General Christopher Musa, was among those in attendance at the handover ceremony.

Photos from the ceremony below:

Continue Reading

News

Good morning! Here Are Some Major News Headlines In The Newspapers Today: Five found dead in Edo as police begin probe into suspected food poisoning

Published

on

By

 

 

1. The Police in Edo State have confirmed the death of five and the arrest of one person in connection with food poisoning at Afashio-Uzairue in Etsako West Local Government Area. Edo Police Public Relations Officer (PPRO), Moses Yamu, a Superintendent of Police (SP), said the food poisoning occurred on October 26, causing panic among residents.

 

2. Oyo State Police Command has confirmed 10 persons dead and eight others injured when a building collapsed in Jegede, Ibadan, the Oyo state capital. Oyo Police spokesman, Adewale Osifeso made this known in a statement.

 

3. The National Economic Council (NEC) has recommended the withdrawal of the Tax Reforms Bill from the National Assembly to President Bola Tinubu to allow for wider consultations. Disclosing this to journalists at the end of the 145th NEC meeting at the State House, Abuja, Oyo State Governor, Seyi Makinde, said this formed part of resolutions reached at the meeting.

READ  55 killed in US fire, toll expected to rise

 

4. Minister of Works, David Umahi, has said he will take the responsibility for any poorly constructed roads in the country under the current administration. Umahi explained that the federal government had no excuse not to finish the road projects embarked upon, noting that the ministry was not afraid to wield the ‘big stick’ by terminating the contracts of any erring companies.

 

5. The National Economic Council (NEC), on Thursday, disclosed that about 34 states, 217 local government areas were affected by the recent flooding in the country, adding that 321 persons also lost their lives. The Council also said 1,374,557 persons were affected, 740,743 displaced nationwide while 2,854 persons were injured and 281,000 houses, 258,000 cultivated farmlands were also destroyed by the ravaging flood.

 

6. The Economic and Financial Crimes Commission (EFCC) says a former minister of humanitarian affairs and poverty alleviation, Betta Edu, is still under the investigation of the anti-graft agency despite permanently exiting the cabinet of President Bola Tinubu.

READ  Economic hardship: 15m households will receive N25k each monthly, says FG

 

7. Governors of the 36 states of the federation have expressed dismay over the lingering crisis in the petroleum industry, saying it is shameful that despite being a member of the Organisation of Petroleum Exporting Countries (OPEC), Nigeria still imports petrol. Chairman of the Progressive Governors Forum and Imo State governor, Hope Uzodinma, made the expression while briefing newsmen in Abuja.

 

8. The Nigerian Safety Investigation Bureau found the wreckage of the helicopter that crashed last Thursday into the Atlantic Ocean while conveying workers of the Nigerian National Petroleum Limited from Port Harcourt. This was contained in a statement issued by the Director of Public Affairs and Family Assistance, Mrs Bimbo Oladeji, on Thursday.

 

9. The Commissioner of Police in Abia State, CP Danladi Isa, on Thursday, confirmed the death of an employee of a new generation bank identified as Mr. Victor Udensi and two others in Umuahia, assuring that the perpetrators would soon be brought to book.

READ  Buhari, Tinubu, eminent Nigerians mourn Olubadan

 

10. No fewer than 15 people were reportedly killed in a renewed attack by gunmen suspected to be armed herders at Anyiin in Logo Local Government Area of Benue State. The attackers were reported to have invaded the town on Wednesday around 6:32 pm killing people.

Continue Reading

News

  Police detain VeryDarkMan after honouring invitation

Published

on

By

 

Deji Adeyanju, the Nigerian lawyer, says the police have detained VeryDarkMan, the social media critic.

 

In a Twitter post on Thursday evening, the lawyer said the activist, born Martins Otse, was detained after honouring the police invitation.

 

Adeyanju lamented that his client was taken into custody despite cooperating with the police authorities.

 

“Our client, VDM has been detained after honouring police invitation just like yesterday. VDM who has been consistent in saying the Nigerian Police are our friends even when we all know they are not,” the tweet reads.

 

The development comes after VeryDarkMan shared a video of himself in a matching suit. In the footage, he said he was heading to the police station in Abuja to respond to the invitation.

 

Trouble began when VeryDarkMan wore a police uniform and introduced himself as the “chief superintendent of police (CSP) of the online division”.

 

The police said it would launch an investigation to determine the source of the police gear used and the authority under which the activist acted.

READ  2023: Group endorses Obi

 

VeryDarkMan would later apologise to the police while emphasizing that he didn’t intend to impersonate the law enforcement agency.

 

The fitness expert had also revealed that he returned from the police station where he was interrogated based on the controversial footage.

 

The police have yet to confirm VeryDarkMan’s detention or provide further details.

Continue Reading

Trending News