December 19 (THEWILL)about five year ago ,when Africa richest man , Alico Dangote decided to expand his business it would impact positivibly on the county economy growth and development , as well as reduced the people dependence on foreign product and service.
In alliance with Kaduna kebbi state and the Bank of industry (BOI) he bid for a majority stake in Peugeot Automobile of Nigeria (AMCON) and the assets recovering agency was seeking investor to by off some of the assets ,following several challenge that partly
Ruined it the federal government has solt of its controlling stake in the company in 2006 to core investor the company debt .
President Buhari who started this at 16th convocational ceremony of Alex Akwueme university Ndufu Alike iboyi state,further disclosed that his administration had increased specific intervention to tertiary Education through the provisions of Tertiary Education Trust TETFUND) and from other support agencies.
He assured that his administration would remain committed to expanding that that such committed of his administration to quality tertiary education ,was already propelling the country to greatness , economy growth and development
President Buhari
Buhari further said that his administration understood the relevance of education in achieving national greatness and development .president who represent by prof chinedu mwajiuba ,former vice chancellor of the university and scholar with the national university (UNC).
Over 2,371 persons were abducted between January and June 2021, a report by SBM Intelligence has said. According to the report, an average of 13 persons were abducted daily within the period across the 36 states of the federation and the Federal Capital Territory. The report noted that N10 billion ($19.96 million as of June 30) was demanded as ransom without stating the total amount paid by victims. In the report, whose data was derived from media reports and the national security tracker of the Council of Foreign Relations, Niger recorded the highest incidents with 643 victims in 28 cases while 58 people were killed in abduction attempts. Zamfara State came second with 519 kidnap victims in seven incidents, leading to deaths of 22 while Kaduna had 360 victims in 26 incidents leading to deaths of 41. “Schools were often targeted in the abductions that took place in the first half of 2021, with hundreds of students taken hostage in the North- West,” it added. Read Also The kidnap victims in other states are; Abia (6), Abuja (50), Adamawa (3), Akwa Ibom (2), Anambra (14), Bauchi (3), Bayelsa (7), Benue (6), Borno (1), Cross River (4), Delta (51), Ebonyi (5), Edo (18), Ekiti (14), Enugu (15), Gombe (1), Imo (25), Jigawa (2), Kano (3), Katsina (236), Kebbi (81), Kogi (31) and Kwara (10).
The House criticises the way the country resorts to borrowing N5.62 trillion to finance deficit in the 2022 budget, while these agencies starve the government of fund.
By Rabo Abubakar Report August 19, 2021.
The House of Representatives has expressed displeasure over the way some government agencies conceal their revenues, thereby denying the federal government the fund for budgeting The House criticised the way the country resorts to borrowing N5.62 trillion to finance deficit in the 2022 budget, while these agencies starve the government of fund. The Chairman, of the House Committee on Finance, James Faleke, made this known at the ongoing public hearing on 2022 to 2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) on Thursday in Abuja. “We are not you happy the way Nigeria is borrowing N5.62 trillion and we have some fund somewhere staying fallow without being used.“For God sake, let us build this country together for the sake of all of us,’’ he said.
Mr Faleke said the major problem facing the country was revenue generation, adding that the House of Representatives would be more interested in how much government agencies could save. He said if the House discovered that any of the government agencies’ capital projects were unnecessary, they would be removed in a bid to get revenue for the country. The committee also directed the Nigeria Communication Commission (NCC) to provide the turnover of amount realised from all network operators from 2018 to 2020. Mr Faleke said this would enable the committee to look at their records and be able to determine if the revenue proposal for 2022 to 2024 would be good for the country. Some of the agencies invited for the 2022 to 2024 MTEF and FSP public hearing are Nigeria Port Authority, Nigeria Communication Commission, Nigeria Copy Right Commission and Nigeria Investment Promotion Commission. Others are Nigeria Metrology Agency, Nigeria Postal Service, Federal Road Safety Corps, Nigeria Export Promotion Council, Nigeria Communication Satellite Ltd. among others. Mr Emeka Iseogwu, the general manager, Finance, who represented the Director-General of NPA, said the agency was on course in terms of revenue generation. He said that NPA was targeting N338 billion for revenue in 2022
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