Nigerian Governor Presents N71bn Supplementary Budget Less than 14 Days To End of Tenure

The New Diplomat
Writer

Ad

OPEC Rejects Media Reports of Major Output Hike Ahead of G8 Meet

OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a statement from Vienna on Tuesday, the OPEC Secretariat called the claims “wholly inaccurate and misleading,” stressing that discussions among ministers for the upcoming meeting haven’t…

Ranked: Countries Losing the Most (and Least) from Trump’s Tariffs

Trump’s tariffs are hitting all of America’s major trading partners. But in U.S. trade, what matters isn’t just the tariffs a country faces—it’s how they stack up against competitors. This visualization, made with the Hinrich Foundation, shows which countries are losing the most, and the least, from Trump’s tariffs. The data seen here is sourced from…

Emergency in Rivers: Romancing impunity?, By Ebun Olu-Adegboruwa 

By Ebun-Olu Adegboruwa, SAN “I urge every Nigerian home and abroad to try and live within the confines of the law of the land and the Constitution of the Federal Republic of Nigeria. If we are able to do just that, we will be sure of ensuring that peace and unity reign in the country.…

Ad

By Agency Report

Governor Ifeanyi Okowa of Delta State on Tuesday presented a N71 billion 2023 supplementary budget to the State House of Assembly for approval.

This is contained in a letter read during plenary presided over by the Deputy Speaker of the Assembly, Christopher Ochor in Asaba.

Mr Okowa said the budget was made up of N5.6 billion recurrent expenditure and N65.5 billion capital expenditure

“May I wish to note that there has been actual and projected increase in some fiscal receipts.

“Consequently, the supplementary budget has become necessary for appropriation to pay for some critical projects and activities of the government as well as fund ongoing projects across the state in the year 2023.

“In the light of the foregoing, it would be greatly appreciated if the draft 2023 Supplementary Appropriation Bill is placed before the House at its earliest convenience for consideration and passing into law,” he said.

The Majority Leader, Ferguson Onwo moved a motion for the first reading of the budget which was unanimously adopted when put to a voice vote by the deputy speaker.

The oil-rich Delta is among the states that received billions of naira from President Muhammadu Buhari’s administration as a refund for the backlog for the 13 per cent oil derivation money held back by the federal government since 1999.

The refund became public when the Governor of Rivers State, Nyesom Wike revealed that his administration had received Rivers’ share of the money.

Also during Tuesday’s plenary, the House Joint Committee on Rules, Business, Legal and Judicial Matters and Special Committee on Bills presented its report on a bill to provide for the Compulsory Treatment and Care of Victims of Gunshots in the state.

Presenting the report, the Chairperson, House Committee on Rules, Business, Legal and Judicial Matters, Charles Oniyere, said the joint committee worked tirelessly to deliver within the time given to it.

Mr Oniyere said after meticulous examination and scrutiny of the bill, the committee made some far reaching recommendations for the approval of the House.

The News Agency of Nigeria (NAN) reports that the report would be considered by the Committee of the Whole next week. (NAN)

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp