Budget impasse: Buhari in crucial meeting with Osinbajo, Udoma

ITRealms:

In effort to resolve the budget impasse between the Executive and Legislature in Nigeria, President Muhammadu Buhari, Tuesday summoned his Vice President, Prof. Yemi Osinbajo and Minister of Budget and National Planning, Senator Udo Udo Udoma to the State house, Abuja, reports ITRealms.

President Buhari, ITRealms recalls had been away in China on a state visit for the past one week.

Whereas Presidency was trading blame with the National Assembly for the delay in assenting to the 2016 budget, the National Assembly on the other hand said they have done their best as far as the 2016 appropriation bill is concerned, insisting the ball is in the Executive court.

Development experts have also warned that with the continuous of blame between NASS and the executive arm of government, the Federal Government and indeed, Nigeria may shut down in June due to the delays in assenting to the budget.

Meanwhile the International Monetary Fund (IMF) has asked presidency and NASs to resolve whatever issues they have because Nigerians are the ones suffering while the two elephants fight.

Also, Senator Udoma had earlier met with Senate President, Dr. Bukola Saraki ahead of this meeting with Mr. President.

It is expected that the meeting between the trio of President, his vice president and Udo Udoma is to fashion a way forward.

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Obiano proposes N101.4bn budget for 2016

ITRealms:

Governor Willie Obiano of Anambra State Thursday presented a budget of N101.4bn to the State House of Assembly in Awka, the state capital, reports ITRealms.

Obiano also said that the proposed budget represents a significant decrease of 38 per cent over the current fiscal year’s budget estimate.

The decrease, he said, further stresses the need for prioritization and doing more with less in the 2016, just as works and infrastructure tops his budget witn N30bn.

“In the coming fiscal year, Capital Expenditure is projected at N52.8bn while Recurrent Expenditure will be N48.6bn,” he said, stressing that these figures imply a Capital to Recurrent Expenditure ratio of 52:48 as against 67:33 in the current year. 

Equally, during the 2016 fisca year, Gov. Obiano said his administration will be totally focused and committed to aggressive development of the “Economic Pillars and Enablers.”

Obiano assured he would continue to partner with the private sector to deliver on economic objectives in the areas of agriculture, industry, trade and commerce as well as oil  and gas.

“While our economic enablers will require a great deal of public sector financing and support; we shall not relent in this area,” he assured.

Some key budgetary allocations for Gov. Obiano in 2016 include “ Works & Infrastructure – N30.0 billion;  Education – N3.0 billion;   Health – N2.45 billion; Public Utilities – N1.8 billion; and Agriculture (Rural Development) – N1.02 billion.”

+Remmy Nweke (ITRealms) +ITRealms DSA @WillieIsWorking

 

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Why Bayelsa PDP is probing Senator Paulkner

ITRealms:

The Bayelsa State Chapter of the Peoples Democratic Party (PDP) is planning a probe into the anti-party activities of Senator Emmanuel Paulker in the recently concluded State House of Assembly elections, reports ITRealms.

Indications to this effect, ITRealms gathered was based on some complaints by a section of the party chieftains for allegedly working against the interest of its candidate in the elections.

The leadership of the party in Bayelsa, ITRealms also learnt had weekend summoned and queried some top party chiefs in the state over their non-committal role and anti-party activities during the House of Assembly elections, especially the open support given to APGA, Labour Party and APC candidates.

ITRealms also gathered for instance, the allegation against Senator Paulker and his wife who reportedly mobilized resources contrary to PDP interest and candidates in favour of his preferred APGA candidate.

According to the party source, the Senator "looked like a wounded lion as he was stopped from having his way."

+Remmy Nweke (ITRealms) +PDP Nigeria - Official Page
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