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2021 Budget: Magashi Defends Over 340 Billion Naira For Defence

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The Minister of Defence, Maj Gen Bashir Salihi Magashi (rtd) has presented and defended the Ministry of Defence budget proposal of Three hundred and forty billion, three hundred and fifteen million, three hundred and fifty nine thousand, two hundred and fifty five naira ninety five kobo.(N340,315,359,255.95) for the 2021 fiscal year.

The Minister made the presentation before the 9 man Senator Aliyu Wamako led Senate Committee on Defence at the National Assembly Complex Abuja.

General Magashi who was supported by the Permanent Secretary Ministry of Defence, Hussaini Babangida said the budget is based on the 2020-2023 Economic Recovery and Growth Plan (ERGP) as well as anchored on providing adequate security through strengthening the Tri-Services and other institutions under the Ministry to enable them perform their roles with all the necessary requirements.

While giving a breakdown of the budget proposal he explained that two billion, seventy six million, four hundred and nine thousand, eight hundred and forty four naira (N2,076,409,844.00) is proposed under the main overhead cost of the Ministry of Defence for the year out of which the sum of One billion five hundred and twenty million (N1,520,000,000.00) is for the Brigade of Guards. Additionally ,the sum of five hundred and fifty six million, four hundred and nine thousand eight hundred and four naira (N556,409,844.00) is for its regular overhead expenditure to arrive at the grand total of three hundred and forty billion, three hundred and fifteen million, three hundred and fifty nine thousand two hundred and fifty five naira ninety five. kobo( N340,315,359,255.95).

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On Critical Capital Projects to be executed by the Ministry in the 2021 fiscal year,he said in addition to the on-going projects there are other Special projects approved by Mr President which include acquisition of Defence Equipment on government to government basis in the sum of $692,968,573.00 out of which 30% was released by the Federal Ministry of Finance, Budget and National Planning.

According to the Defence Minister, the Ministry is mandated by the President to execute a stalled contract put at USD269,734,420.50 for the delivery of seven hundred (700) Troops Carrying Vehicles and fifty (50) buses awarded since 2014 by the Office of the National Security Adviser.

Retrospectively, the Minister in a 5 paged 2021 budget proposal had earlier summarised the 2020 budget performance as at 26th October which revealed that 88% of the Overhead was utilised while the total Expenditure for Capital utilised stands at 16% owing to what he blamed on four causative challenges. They include, the general effects of Covid-19 pandemic, paucity of funds, late releases of Capital funds and bureaucratic bottleneck associated with procurement process.

While appealing for favourable consideration of the budget proposal by the Senate Committee on Defence, General Magashi said the Ministry under his watch is committed to actualising its core mandate of providing adequate security for a peaceful, stable, secured and united Nigeria.

Responding to questions raised by some members of the Committee who observed that the budget proposal for the Overhead and Capital Projects are low, the Minister said procurement which should be entirely the responsibility of the Ministry of Defence is in the purview and pursuit of the Services.

In a statement by Muhammad Abdulkadiri said the Chairman Senate Committee on Defence Aliyu Wamako while assuring the Minister of Defence that the Ministry’s budget proposal will undergo the usual thorough examination by members of the Committee with a view to doing justice to it, he gave an ikling for possible upward review of the total estimates.

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Dangote Sponsors Abuja Trade Fair, Features Refinery IPO

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From Left: Co-Founder/Group Executive, ABIS Group Dr. Illiyasu B. Gashinbaki; Deputy Vice President ACCI and former Minister of Foreign Affairs Dr. Aliyu Idi Hong; Cuban Ambassador to Nigeria Miriam Morales Palmero; Perm Sec Ministry of Special Duties and Intergovernmental Affairs Dr. Onwusoro Madura Ihemelandu; Dangote Representative of the Dangote Group Hashem Ahmed; President ACCI Chief Emeka Obegolu; Namibian High Commissioner to Nigeria Mr. Walde Natangwo Ndebashiya; and Mr. Abdulrazaq Sambajo of the Dangote Group, during a visit to the company pavilion at the 21st Abuja International Trade Fair...Tuesday.

 

Dangote Industries Limited (DIL), one of the sponsors of the 21st Abuja International Trade Fair, will spotlight the ongoing Initial Public Offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals (DPRP) during the company’s Special Day.

The Dangote Special Day, scheduled for Friday October 2, will feature a high-level fireside and business interactive session bringing together representatives of Dangote Group, government, the organised private sector and business leaders to examine the transformative role of the Dangote Refinery in Nigeria’s economic development.

According to the company, the interactive session will provide prospective investors, entrepreneurs, business operators and other participants with an opportunity to engage directly with representatives of Dangote Group and gain a better understanding of the refinery’s ongoing IPO and its broader economic significance.

The session, themed “Dangote Refinery, Vision 2030, ACCI and the Economy,” will examine the refinery’s contribution to Nigeria’s energy security, industrialisation, trade, employment generation, taxation and economic growth.

Particular attention will be paid to how increased domestic refining capacity can reduce Nigeria’s dependence on imported petroleum products, conserve foreign exchange, strengthen local value chains and create new opportunities for businesses across the petroleum, petrochemical, logistics, manufacturing and services sectors.

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The IPO will also feature prominently in the discussions, with participants expected to explore how the public offer can broaden participation in the ownership of one of Africa’s most significant industrial assets, deepen Nigeria’s capital market and provide eligible investors with an opportunity to participate in the country’s ongoing industrial transformation.

The fireside session will bring together senior representatives of Dangote Group, the Abuja Chamber of Commerce and Industry (ACCI), the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), government and the wider private sector.

The company said the session would also provide an opportunity to examine Dangote Group’s Vision 2030 and its implications for industrialisation, job creation, local content development, technology transfer, investment and economic diversification.

Beyond the fireside discussion, visitors to the Trade Fair will have the opportunity to engage with the Dangote Group at its pavilion, where the company will showcase a range of products and businesses spanning cement, sugar, salt and seasoning, packaging and other sectors.

Dangote Group’s sustained participation and sponsorship of the Abuja International Trade Fair reflects its continued support for platforms that promote trade, investment, entrepreneurship and stronger linkages between the private sector and government.

The 21st Abuja International Trade Fair, organised by the Abuja Chamber of Commerce and Industry, is expected to bring together hundreds of exhibitors, businesses, investors, policymakers and members of the public, providing a platform for networking, market access, investment promotion and business-to-business engagement.

The company said it looks forward to welcoming participants to the Dangote Special Day and its pavilion to explore the Group’s products, investment opportunities and potential areas of business collaboration.

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15th Emir Of Kano Condemns Destruction Of Governor Yusuf’s Banners, Orders Immediate Replacement

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15th Emir of Kano, Alhaji Aminu Ado Bayero, has expressed displeasure over the destruction of banners bearing the images of the Kano State Governor, Alhaji Abba Kabir Yusuf.

The 15th Emir’s Chief Councillor, Alhaji Aminu Babba Dan’agundi, Sarkin Dawaki Babba, disclosed this while addressing journalists, saying that the Emir had already directed that the damaged banners be repaired.

According to him, 15th Emir Bayero stressed that the traditional institution must remain above partisan politics, saying, “We are fathers of the people, not politicians.” He therefore appealed to the Emir’s supporters and well-wishers to avoid bringing partisan political activities into the affairs of the traditional institution.

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The Sarkin Dawaki Babba also conveyed the 15th Emir’s appreciation to the thousands of supporters men and women, youths and elders who demonstrated their love and loyalty by complying with the government’s directive and accompanying the Emir on foot to his residence at the Nassarawa Palace, despite the heavy rainfall and strong winds.

He said the 15th Emir had no adequate words to express his gratitude to the people for their show of love, patience and solidarity, adding that His Highness prayed that Almighty Allah would reward them abundantly.

The 15th Emir also urged his supporters to continue with prayers, as is customary, for peace, stability and progress in Kano State and Nigeria, as well as abundant blessings and prosperity for the people.

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PCACC Arrests Man Over Alleged ₦4.5m Sale, Illegal Leasing of Kano Government Horse Stable

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The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has arrested one Tasiu Adamu Maje over the alleged illegal sale and leasing of a government-owned Horse Stable at the Race Course, popularly known as Filin Sukuwa, in Kano.

The Commission disclosed this in a statement signed by its Acting Chairman, Hafsat Ada’u Kutama, Esq., where it said the arrest followed complaints lodged by Muhammad Amir Yunusa and Usman Bala Yakasai, popularly known as Sharif, over alleged unauthorised dealings involving the government property.

According to the PCACC, the complainants alleged that Maje transferred and offered the Horse Stable to private individuals despite having no lawful authority to sell, lease or otherwise dispose of the government-owned property.

The Commission said its investigation established that the Kano State Sports Commission, which is the statutory body responsible for the allocation and management of Horse Stables in the state, had no knowledge of or involvement in the purported transactions.

The PCACC said it invited and interviewed individuals connected with the transactions as part of its investigation into the allegations.

According to the Commission, the investigation revealed that the Kano State Sports Commission did not authorise any transaction involving the Horse Stable and that the property had never been officially allocated to any individual either through sale or lease.

The anti-corruption commission further said the document allegedly relied upon by the suspect to facilitate the transaction was not an approved or recognised document of the Kano State Sports Commission.

The Commission added that the same unapproved document was allegedly used in transactions involving two different individuals, raising further concerns about the legitimacy of the dealings.

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According to the PCACC, the sale, lease or transfer of government-owned Horse Stables to private individuals without the requisite approval is contrary to established government policy and applicable administrative procedures.

The Commission alleged that Maje agreed to sell the Horse Stable to Muhammad Amir Yunusa for ₦4.5 million while simultaneously collecting rent from Usman Bala Yakasai.

The PCACC said ₦180,000 was demanded as rent from Yakasai, out of which ₦150,000 was reportedly paid in connection with the purported transaction.

Following its investigation, the Commission declared the purported transactions involving the Horse Stable unauthorised and invalid.

The Commission maintained that the property remains the property of the Kano State Government and is under the control and management of the Kano State Sports Commission.

According to the PCACC, no individual has the authority to sell, lease, transfer or otherwise dispose of government property without the appropriate legal and administrative approval.

The Commission said it had commenced steps to recover the Horse Stable and return it to the Kano State Sports Commission.

The PCACC further disclosed that the suspect is expected to be arraigned before a court of competent jurisdiction, where the allegations against him will be subjected to due process.

The Commission said it would also pursue all appropriate administrative and legal measures in accordance with the law in connection with the case.

The Acting Chairman warned individuals who may attempt to convert government property into private assets or sources of personal profit that such conduct would not be tolerated.

According to Kutama, government property is not meant for private sale, unauthorised leasing or personal financial gain.

The Commission said it would continue to investigate allegations involving the unlawful disposal, transfer or commercialisation of public assets and would take appropriate action against anyone found to have violated the law, regardless of status.

The PCACC also advised members of the public to exercise caution before entering into transactions involving government property.

The Commission urged prospective buyers, tenants and investors to verify the ownership, allocation and legal status of any government property directly with the relevant government authority before making payments or entering into agreements.

The anti-corruption commission reaffirmed its commitment to safeguarding government property, preventing abuse of public assets and promoting accountability, transparency and responsible management of public resources.

The PCACC also called on members of the public to report suspected corruption, abuse of office, illegal disposal of government property and other forms of misconduct through its official reporting channels.

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