News
Budget: NASS passes 2019 Budget, increases estimates by N90bn
The National Assembly on Tuesday finally passed a total budget of N8.961 trillion for the 2019 Fiscal year. Both chambers of the parliament passed the 2019 budget with increment of N90 billion to the N8.83 trillion presented by the Executive.
Key assumptions of the 2019 Appropriation Bill shows that the Aggregate Expenditure is N8,906,964,099,373, Statutory Transfers is N502,058,892,965, Fiscal Deficit- N1,908,475,049,742, Special Intervention – N500,000,000,000, Recurrent Expenditure- N4,055,840,383,684, Capital Expenditure -N2,094,950,709,632 and Deficit to GDP 1.37%. Responsible for the N90bn increase in the budget include the N10bn allotted to humanitarian intervention in Zamfara State.
The N10 billion budgeted for Zamfara State to take care of insecurity ravaging the state increased the budget from N8,906,964,099,373 to N8,916,964,099,373. The budget was also increased to take care of the N30,000 minimum wage recently assented to be President Buhari. The parliament approved N160, 000, 000, 000 for public service wage adjustment for Ministries, Departments and Agencies (MDAs), including arrears of promotion and salary increases and payment of severance benefits.
Presenting the report of the Senate Committee on Appropriation on the 2019 Appropriation Bill, the Chairman of the Committee, Senator Danjuma Goje, explained why the budget was increased by N90, 327,520,458. Goje explained that “there is a slight increase in the budget deficit.
This is as a result of the provision for the severance benefits of the outgoing legislators and legislative aides, the induction/orientation and inauguration of new legislators all of which occur once in four years, but were inadvertently not captured in the 2019 budget proposal. “There was also the need to provide more funds for the security and intelligence agencies to deal with additional emerging/unforseen security challenges in the country.”
The lawmakers also approved N23, 678,770,079 as severance gratuity for outgoing legislators and legislative aides, allowances for incoming legislators and legislative aides and induction programme/inauguration of the ninth assembly. On revenue projection for 2019 budget, the National Assembly approved the executive submission of 2.3mbpd daily oil production, approved USD$60 per barrel as oil price benchmark and N305/USD$ exchange rate.
On the recurrent expenditure, while President Muhammadu Buhari budget proposal on Ministry of Interior was N569.07 billion, the legislature reduced it to N564.222 billion.
On Education, President Buhari proposed N462.24 billion, while the parliament increased it to N463.395.
Defence, N435.62 billion was reduced to N430.829 billion. Ministry of Health, N315.62 billion and the National Assembly passed N315.717 billion.
On capital expenditure, the Ministry of Power, Work and Housing carried the larger share with N394.906 billion.
This was followed by Ministry of Transportation with a budget of N179.384 billion. Ministry of Agriculture and Rural Development got N107.218 billion. Ministry of Defence, N159.125 billion. While Ministry of Education got N58.689, Ministry of Health got N57 billion, the Ministry of Youth and Sports Development and Women Affairs got N4 billion respectively. The legislature approved N65 billion for Presidential Amnesty Programme: Reintegration of transformed ex-militants, N5 billion for settlement of MDAs electricity bills, N2 billion for IPPIS capturing. In his remark after the passage, President of the Senate, Bukola Saraki, said:
“I thank the committee on Appropriation and all that came here today to consider and pass the budget. I hope that with this budget passage, the Executive will ensure the implementation of the budget for the benefit of Nigerians.” Addressing newsmen shortly after passing the budget, Goje explained that Federal Government intervention in Zamfara State, severance package for lawmakers and their aides, which comes once in four years and budget provision for security agencies because of unforeseen circumstances jerked-up the budget.
Goje said that N45 billion was approved for North East Development Commission (NEDC). Recall that President Muhammadu Buhari on Tuesday 18 December, 2018 laid before the joint session of the Senate and House of Representatives a budget estimate if N8.83 trillion.
In the budget proposal, President Buhari had explained that the total projected revenue is N6.97 trillion, which is three per cent lower than the 2018 estimate of N7.17 trillion. He had said that the expected income consisted of oil revenue projected at N3.73 trillion, and non-oil revenue estimated at N1.39 trillion.
“The estimate from non-oil revenue consists of N799.52 billion from company income tax; N229.34 billion from value added tax, and customs duties of N302.5 billion. “We have reduced our expectations from independent revenue N624.58 billion. “Other revenues expected in 2019 include various recoveries of N203.38 billion; N710 billion as proceeds from the restructuring of government equity in joint ventures, and other sundry incomes of N104.1 billion,” he had said. The President had also explained that the total N8.83 trillion proposed expenditures for 2019 included grants and donor funds amounting to N209.92 billion.
Buhari said although the 2019 estimate was lower than the 2018 budget of N9.1 trillion, it was higher than the N8.6 trillion originally proposed by the executive to the National Assembly. The budget deficit is projected to decrease to N1.86 trillion or 1.3 per cent of the GDP in 2019 from N1.95 trillion projected for 2018.
Biafra
Tinubu Refused To Honour Our Agreement To Release Nnamdi Kanu After Election– Kanu’s Brother
Disclosing that the meeting had the blessing of the president, Emmanuel, however, lamented that Tinubu has refused to honour the pact by releasing his elder brother and the IPOB leader, Mazi Nnamdi Kanu from the DSS dungeon in Abuja, Nigeria.
Emmanuel Kanu, younger brother of the leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu, has said they had an agreement with President Bola Tinubu for the release of his elder brother, Mazi Nnamdi Kanu.
Emmanuel disclosed that he had the pact with Tinubu’s son, Seyi, in Abuja before the 2023 presidential election.
Disclosing that the meeting had the blessing of the president, Emmanuel, however, lamented that Tinubu has refused to honour the pact by releasing his elder brother and the IPOB leader, Mazi Nnamdi Kanu from the DSS dungeon in Abuja, Nigeria.
According to him, it was agreed that IPOB would not bycott the polls on the condition that Tinubu would release Kanu if elected President.
Prince Emmanuel expressed disappointment that nearly two years after the emergence of Tinubu as President, his brother (Kanu), has continued to languish in detention despite the fact that the presiding Judge, Justice Binta Nyako, had since recused herself from the matter.
He said it was disappointing that those who claimed to be honourable, failed to keep their words.
The statement read:”Before the last election, I received a message from an ex-governor that Seyi the son of President Tinubu wanted to see me. I agreed to meet with him on the condition that the overriding priority and hence the fulcrum of our discussion will be the release of my brother. The meeting was held in Abuja in the presence of another individual whom I asked along to witness the deliberations and if need be provide independent verification should the need arise.
“Seyi confirmed to me that his father sanctioned the meeting and that I should consider any agreement we reach as binding on the then candidate Senator Bola Ahmed Tinubu.
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“In good faith we agreed that I shall relay the outcome to my brother to reinforce the long held tradition of IPOB not interfering with the conduct of elections, either through boycott or any other form of civil disobedience. This understanding was duly communicated to my brother and he reaffirmed his commitment not to stop the elections or order any boycott.
“When President Tinubu as a candidate visited Owerri during his campaign, he too reiterated his commitment to facilitate the release of my brother if elected. We took his public statement as a tacit reaffirmation of the understanding I reached with his son Seyi.
“At the end, IPOB did not call for election boycott despite having the capacity to do so. IPOB also made sure that discordant voices urging election boycott were overcome because election boycotts would not reflect well on the reputation of a global movement that prides itself on adherence to democratic tenets.
“It therefore, defies logic that nearly two years after President Tinubu assumed the mantle of leadership in Nigeria, my brother is still in detention despite not having any charge against him. It’s been over three months now that Justice Binta Nyako recused herself from the case yet no new judge has been assigned the case.
“This is on top of the fact that Appeal Court had earlier discharged him of the sham charges and ordered his release which the previous regime of Buhari declined to obey.
“Supreme Court determination that his bail ought not to have been revoked has been ignored by the courts and the government. The latest insult is that Abuja courts of all persuasion are no longer willing to determine the case of Mazi Nnamdi Kanu on merit but are rather relying on ludicrous and inapplicable technicalities to stall the timely determination of his cases.
“The truth is that Nigerian courts cannot, will not and do not have both the substantive and procedural jurisdiction to try him. His detention is without the backing of any known law in Nigeria or elsewhere in the world.”
International
US ELECTION: Trump Escapes Three Assassination Attempts, What Next As Date Draws Near?
“We seen them trying to get rid of D. Trump 3 times already. They all know who’s going to win. But now since he is still alive we will see overtly on a systematic level through this election where it will be obvious to everyone what they are willing to do to retain power.”
The desperation of interested parties to retain power and occupy the Oval Office in the White House, United States of America, has led to three failed assassination attempts on the 45th US President, Donald John Trump.
Trump is the Republican Party’s Presidential nominee in the November 5th Presidential election, and adjudged as the 47th US President hopeful in the forthcoming election, if it will be free and fair by all standards and without interferences from the “Obamas” “Hillarys” “Deep State” etc.
The “fight” to retain power in the White House has become dirtiest from 2020 to 2024, a clear statement of extreme desperation leading to blackmail, chaos and possible escalations of assassination attempts.
A post made on X by “Ariel @Prolotario1” stated that “The Beast” will “become extremely desperate” because they know who will win the election if it will be a free and fair election.
The post reads in full:
“I hope everyone is ready for these remaining months up into inauguration. Because we will see “The Beast” become extremely desperate. They didn’t want to rely on attempting to steal the election.
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“We seen them trying to get rid of D. Trump 3 times already. They all know who’s going to win. But now since he is still alive we will see overtly on a systematic level through this election where it will be obvious to everyone what they are willing to do to retain power.
“Will we get a power grid outage?
“Will we get another false flag?
“Will the Project Bluebeam be launched?
“There are multiple things they can pull from. But I do not think we will leave the remainder of 2024 behind without some massive event occurring? Since 1988 we have had something major happen every 12 years.
“1988 (Elusive Mind Wipe)
“1999 (Y2k)
“2012 (Mayan Calendar)
“2024? Will it be obvious this time?
“Either way we have had many clues that everything will happen this year in terms of things coming to a point where it can no longer be ignored. Which is why I think the Deep State will pull something off to jump start this process.
“Donald Trump said many times on his Truthsocial account that the US Military is standing by. One time he mentioned during his Las Vegas rally that they will step in if November 5th is interfered with. We have to prepare for anything.”
Entertainment
Sean Diddy Combs In The Eyes Of The Storm
These are blackpillers who no longer see no value in anything. They have given themselves a shot in the arm and that fluid is coursing through their veins and they themselves will have to go through a major detox that we are no longer equipped to help them with.
By Ariel (@Prolotario1 on X)
𝙃𝙤𝙡𝙡𝙮𝙬𝙤𝙤𝙙: 𝙄𝙩’𝙨 𝘽𝙚𝙚𝙣 𝙍𝙚𝙖𝙡
The Royals
Congress
LeBron James
Usher
Dwyane Wade
MGK
Ashton Kutcher
Naomi Campbell
Bobby Valentino
Busta Rhymes
Mark Wahlberg
Clive Davis
Denzel Washington
Kevin Hart
Jay-Z
Beyonce
Mariah Carey
Etc.
“What did Katt Williams say? It’s up for all of them.
“You all have had your fun. You have had your way. You have had your time in the sun. But now all of this is about to come to a screeching halt. You all are about to see many celebrities suddenly become ill. Retiring prematurely. Moving to another country. No longer being interested in acting. They are going to be dropped from endorsement deals.
“They will be let go by sports teams. You will no longer see them at award shows. You will no longer see them featured on songs or commercials. Clothing brands will ditch them. They will be removed from their charity foundations. You will see a lot of things. Because this is it people. This is what you waited for. We fought for this by sharing all the info we could. And our work is paying off.
“The victims will be vindicated. We will no longer be shunned by society. They will be forced to confront all the things they denied in order to stay in the good graces of people who couldn’t care less about “The Truth”. All the trolls are about to eat crow. Do not pay them any mind at this point. They have nothing to lose. So they will attempt to downplay the significance of this.
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“These are blackpillers who no longer see no value in anything. They have given themselves a shot in the arm and that fluid is coursing through their veins and they themselves will have to go through a major detox that we are no longer equipped to help them with. It’s going to take God himself to come down here and awaken them. This is no our concern.
“The curtain is falling, not with a gentle whisper but with the thunderous crash of an era ending. The lights that once shone on these figures, illuminating their every move, are now flickering out, one by one, in a spectacle of dramatic dimness. This isn’t merely the end of a chapter; it’s the apocalyptic conclusion of a saga where fame was both the sword and the shield, now rusted and discarded.
“As the tide turns, those who once danced in the spotlight will find themselves in shadows, not by choice but by the inexorable force of revelation. Their names, once synonymous with glamour and success, will become whispers of caution, tales told in the dim corners where once their glory was celebrated. The red carpets, once rolled out in their honor, will be retracted, leaving behind only the echo of their steps.
“This shift is not just a change in the public’s affection; it’s a seismic cultural realignment. The idols of yesteryear, who seemed untouchable, are now facing the reality of their own human fragility. The public, once their adoring crowd, now becomes their jury, delivering a verdict that resonates with the weight of truth over the dazzle of stardom.
“In this new dawn, the narratives will rewrite themselves. The stories of courage will not be about overcoming adversity in the spotlight but about facing the aftermath in the cold light of day. Those who once thrived on the applause will learn the silence of solitude, not by choice but by necessity. The world watches, not with voyeuristic glee, but with a sober understanding that even the stars must sometimes fall to earth.
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Sean Diddy Combs In The Eyes Of The Storm
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