Budget Defence – Precise Post

2024 Budget: Lawan assures of increased funding for DSA

December 15, 2023December 15, 2023 - by Editor - Leave a Comment

By Chris Udochukwu Chairman of the Senate Committee on Defence, Senator Ahmad Lawan, has assured that the Defence Space Administration will be given adequate funding in the 2024 budget to enable the administration discharge its mandate optimally. Lawan made this known, on Thursday, when the Defence Space Administration appeared before the Senate Committee on Defence to defend its budget estimates for the 2024 fiscal year. He added that improved funding for the DSA became imperative in view of the evolving security challenges confronting the nation. Lawan, in his welcome address said, “This is an opportunity for the Defence Space Administration to interact with the Committee on Defence to largely explain what happened in the 2023 Appropriation, how far you have been able to implement the projects as it relates to Defence Space Administration. “It is also an opportunity for you to disclose if you have benefitted from the supplementary appropriation 2022 in which special attention was given to the Defence sector. “Let me assure you on behalf of my colleagues, that this committee is going to work with your administration …

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Photo News: Nigerian Navy Budget Defence Session At The National Assembly

December 13, 2023December 13, 2023 - by Editor - Leave a Comment

Nigerian Navy Budget Defence session at the National Assembly on Tuesday 12 December 2023. The Chairman Senate Committee on the Nigerian Navy, His Excellency, Distinguished Senator (Otunba) Olugbenga Justus Daniel chaired the session. #OnwardTogether #NN #nigeriannavy

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Emenike launches United Airlines inagural flight to Nigeria

November 30, 2021November 30, 2021 - by Precise Post - Leave a Comment

Nigeria’s Ambassador to the United States Dr. Uzoma Emenike on Monday flagged off the inaugural flight of United Airlines to Nigeria. The flight took off from the Washington Dulles Airport and landed at the Murtala Mohammed International Airport. Speaking at the event, Dr. Emenike said: “Let me start by first saying a big heartfelt congratulations to United Airlines. Also, I would like to thank the Government of the United States of America and its Department of Transportation for supporting the plan in providing this laudable service. “Today’s event lay credence and indeed is a testament to the recognition of the dynamic relation between Nigeria and the United States of America. “I feel deeply honoured and privileged to have been invited. May I state that the Nigeria and U.S relation is growing stronger and stronger, covering all aspects ranging from economic, defence cooperation to good governance, just to mention a few? “Our partnership is a strategic one. Obviously, Tourism is in that mix as today’s event captures and reflects that. Indeed one must point out that this is a significant milestone.” …

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Naira Marley’s trial adjourned for 78 days

November 30, 2021November 30, 2021 - by Precise Post - Leave a Comment

A Federal High Court in Lagos Tuesday adjourned the trial of a popular musician, Azeez Fashola, a.k.a Naira Marley till February 16, 2021, or 78 days. Justice Nicholas Oweibo fixed the date following the absence of an Economic and Financial Crimes Commission (EFCC) witness, Mr Augustine Anosike, which stalled the resumption of Marley’s trial for alleged cybercrime. Anosike, a forensic analyst, is testifying as a second prosecution witness in the case. Marley, who was arrested by the EFCC on May 14, 2019, has been standing trial on an 11-count charge bothering on the offence. According to the EFCC, the defendant committed the offences on different dates between November 26, 2018, and December 11, 2018, as well as May 10, 2019. The EFCC claimed that some of the credit cards discovered in Marley’s residence bore the fictitious names Nicole Louise Malyon and Timea Fedorne Tatar. These, the agency alleged, were used in furtherance of internet scams. Marley, who sang the hit songs ‘Soapy’ and ‘Am I a Yahoo Boy’, pleaded not guilty during his arraignment on May 20, 2019, and is …

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No budget for Sovereign Wealth Fund in 2022 – Reps

November 2, 2021November 2, 2021 - by Precise Post - Leave a Comment

The House of Representatives said on Tuesday there will be no budgetary allocation to the Nigeria Sovereign Wealth Fund from Federation Account for the 2022 fiscal year. Chairman of the House Committee on Finance, James Faleke who made the position of the House known at the budget defence of the Ministry of Finance and its agencies, said the agency has failed to present its budget to the Parliament for consideration since it was created. He said the Sovereign Wealth Fund has continued to rely on its enabling law, which states that the Board of the agency will approve its budget. He said whether the law was made inadvertently, it cannot override the Constitution, which gives the power of appropriation to the Parliament. He said the House will write to the office of the Accountant General of the Federation to ensure that no money is disbursed to the agency in the 2022 budget since nothing has been approved for them by the Parliament. Details Shortly… Source

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Senate passes 2022 budget for second reading, adjourns for its defence

October 13, 2021October 14, 2021 - by Precise Post - Leave a Comment

The Senate, on Wednesday, passed for second reading the 2022 Appropriation Bill and adjourned plenary till November 9 for budget defence. The President of the Senate, Ahmad Lawan, announced the adjournment during plenary. He referred the Appropriation Bill to the Committee on Appropriation, directing them to report back in four weeks. The development followed the conclusion of the general principles of the budget, with each senator baring their minds on the contents of the fiscal document. Source

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Senate Committed to Timely Funding of NAF – Na ‘ Allah

November 10, 2020November 10, 2020 - by Editor - Leave a Comment

By Francis Etuko Abuja (Precise Post) – Chairman Senate Committee on Airforce, Senator Ibin Na’ Allah has stressed that the timely funding of the Nigerian Air Force will help ensure that lives and properties are protected in the ongoing fight against insurgency and banditory. Speaking at the Budget Defence of the Nigerian Airforce which was attended by the Chief of Air Staff, Air Marshall Sadique Abubakar, Senator Na Allah said the senate committee was ready to demonstrate to Nigerians that it could give its life in the continuous effort at keeping Nigerians safe, by going on another tour of the theatre command in the North East of Nigeria. The committee had on Tuesday unanimously adopted the budget of the Nigerian as it was presented, with major concern expressed by some members of the committee that the undisclosed amount was not enough, giving the achievements recorded by the Airforce in its theatre Operators. Speaking earlier, the Chief of Air Staff. Air Sadique Abubakar told the committee that the Nigerian Airforce was presently involved in (8 )eight Operators across the country, which …

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Your Negligence Led to Corruption in Nigeria – Senate Public Accounts Committee Blasts OAGoF

November 5, 2020November 5, 2020 - by Editor - Leave a Comment

By Chris Udochukwu Abuja (Precise Post) – The Senate Public Accounts Committee Thursday blasted the Auditor General of the Federation saying that the negligence of duty on the part of Office of the Auditor General of the Federation (OAGoF) led to the prevailing corruption in Nigeria. The committee which bemoaned the below expectations implementation of 2020 budget despite the release of the fund, frowned at a situation where the N37milion given for the renovation of the audit house in Abuja has not been utilised for the purpose. The Senate Committee Chairman on public Accounts, Senator Matthew Urhoghide told the representative of the office of the Auditor General of the Federation at the on going budget defence at the National Assembly that” if there has been audit for money value in regard to projects in Nigeria, the corruption would have been nipped on the bud. He said if the Auditor General’s office follows contracts and contractors and raises alarm immediately it is discovered that level of work executed falls short of money claimed to have gone into the project, instead of …

Politics

2023 Election: INEC Announces Resumption Of Voter Registration, Earmarks N1billion

November 4, 2020November 4, 2020 - by Editor - Leave a Comment

By Ogechi Okorie Abuja (Precise Post) – Ahead of the 2023 general election, the Independent National Electoral Commission (INEC) has announced that the Continuous Voter Registration (CVR) exercise will commence in the first quarter of 2021 The sum of N1billion has also been earmarked by INEC for the exercise. This announcement was made on Wednesday by Chairman of the Electoral body, Professor Mahmood Yakubu during a budget defence session with the Senate Committee on INEC. Professor Yakubu during the session said he is in support of diaspora voting and called on the National Assembly to amend the Electoral Act to accommodate diaspora and early voting. The INEC boss is also seeking approval of the Senate to spend N5.2 billion from the special INEC fund to make up for the shortfall in the 2020 budget which was cut because of the COVID-19 pandemic. INEC had earlier in October said the COVID-19 pandemic delayed the voter registration exercise. The Chief Press Secretary to the commission said the virus was still very much in the community and CVR is a national exercise that …

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Lawan Reads Riot Act to MDAs as Senate Begins Budget Defence Tuesday

October 16, 2020October 16, 2020 - by Editor - Leave a Comment

By Ogechi Okorie Abuja (Precise Post) – President of the Senate, Ahmad Lawan, has called on all Ministers and Heads of Government Agencies to avail themselves of the window provided for defence of their respective budgets, particularly in line with President Muhammadu Buhari’s directive. He warned that any ministry not able to defend its budget by the first week of November, should forget about it. This is also as he has informed that the upper chamber will next Tuesday suspend plenary after consideration of the Petroleum Industry Bill (PIB) to enable Committees commence defence of the 2021 budget estimates by Ministries, Departments and Agencies of Government. Lawan made this known after the Senate passed for second reading the 2021 Appropriations Bill presently before the National Assembly. The Senate President, however, informed MDAs that the upper chamber’s deadline for budget Defence would not exceed the first week of November. “On Tuesday next week, we will be taking the debate on the Petroleum Industry Bill (PIB). This will be the last function that we would do in plenary “We will …