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Reps to scrutinise N6.2tn supplementary budget – Spokesman
The N6.2tn 2024 supplementary budget transmitted to the National Assembly on Wednesday by President Bola Tinubu is targeted at critical infrastructure including education, healthcare, and the welfare of Nigerians among others, the Deputy Spokesman of the House of Representatives, Philip Agbese, has said.
Agbese, who stated this in an interview with journalists in Abuja on Friday, also pledged the readiness of the parliament to subject the supplementary budget to a thorough and rigorous review.
He said, “The 2024 supplementary budget, totalling ₦6.2tn, aims to fund critical infrastructure projects, education, healthcare access, and public welfare initiatives.
“The budget is divided into two main components: ₦3.2tn for renewed hope infrastructure projects and other critical infrastructure projects across the country, and ₦3tn to meet further recurrent expenditure requirements necessary for the proper operation of the Federal Government.
“We will scrutinise every bit of the budget proposal to ensure that ultimately each kobo is well utilized and that the budget is in the best interest of our constituents.
”Agbese, who represents Ado/Ogbadigbo/Okokwu Federal Constituency of Benue State, assured that the legislative body will engage with stakeholders, conduct public hearings, and scrutinise the executive bill to ensure that it serves the best interests of Nigerians.
“We will not compromise on our commitment to transparency and accountability. We will take the time to get it right, and we are confident that the result will be a budget that benefits all Nigerians.
“We have a good working relationship with the Senate, and we are confident that we can work together to pass the supplementary budget promptly.
“We will work together to ensure that the budget is passed with the necessary scrutiny and oversight,” he added.
He assured that the House will not rush the process, but will take the time necessary to ensure that the supplementary budget is passed with the necessary scrutiny and legislative inputs.
The lawmaker acknowledged the Chairman of the House Committee on Appropriations, Abubakar Bichi, for changing the dynamics in the country’s budgetary process, saying, “His commitment to transparency and accountability has been exemplary, and his leadership has ensured that the committee is working diligently to scrutinise the budget proposal.
“Bichi’s vast experience in budgetary matters has been invaluable to the committee, and his dedication to ensuring that the budget serves the best interests of Nigerians is commendable.
We appreciate his efforts and look forward to working with him to ensure a thorough and transparent review process.”
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Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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