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Increasing spending: FG’s three-year deficit hits N15.4tn amid revenue crisis

Within a three-year period covering July 2018 to June 2021, the Federal Government recorded a fiscal deficit of N15.35tn, statistics obtained from the Budget Office of the Federation have shown. A fiscal deficit is a shortfall in a government’s income compared with its spending. The government that has a fiscal deficit is spending beyond its revenues. Analysis by The PUNCH of statistics from the Ministry of Finance showed that during the review period, Federal Government retained revenue stood at N12.79tn, while aggregate expenditure stood at N28.14tn. The major sources of government revenue include oil revenue and non-oil revenue comprising of revenue from value-added tax, company income tax, stamp duty and others. A breakdown of the figures showed that in the second half of 2018, the Federal Government generated N1.78tn as revenue and spent a total of N3.75tn, resulting in a fiscal deficit of N1.97tn.

(Read more on Punch News)

Delta Court order not binding on me, says Buni

National Chairman, Caretaker Extraordinary Convention Planning Committee CECPC of the ruling All Progressives Congress APC and Yobe state Governor, Mai Mala Buni has reacted to Wednesday’s order of a Delta State High Court in Asaba, which allegedly restrained him from acting as Chairman, saying the order is not binding on him. The governor spoke through a statement by his Director General, Press and Media Affairs, Mamman Mohammed, on Thursday in Abuja. He said only mischief-makers were misinterpreting the order as it was directed at the Delta state Caretaker Chairman and not him, Buni.

(Read more on Vanguard News)

Five Abducted Zamfara Students Regain Freedom

At least 73 of the students had been kidnapped on Wednesday, according to the police. Speaking to Channels Television via telephone, a former councilor of Kaya ward, Yahaya Kaya said his younger brother’s daughter was among the students released by the bandits. According to him, the five students were taken back to their hometown Kaya, around one o’clock on Thursday morning. It is not yet clear if the bandits are asking for a ransom before the remaining students are released. The abduction of the Kaya students is the latest in a series of mass school kidnappings in the northern region. On Wednesday, the State Government ordered the immediate closure of primary and secondary schools due to the worsening state of insecurity.

(Read more on Channels TV)

Secondus ‘didn’t pay party dues for four years’

Suspended Peoples Democratic Party (PDP) National Chairman Prince Uche Secondus on Thursday faulted his suspension, saying that only the National Executive Committee (NEC) has the power to discipline him or any member of the National Working Committee (NWC). He said those who purportedly suspended him acted contrary to Article 59 (3) of the PDP Constitution, which is clear on the party’s disciplinary measures. But, defending the suspension, Rivers State PDP Chairman Ambassador Desmond Akawor said the party chairman was ousted because of his refusal to pay his dues in the last four years. Akawor, who spoke in Port Harcourt, said Secondus jeopardised his party membership, following his refusal to pay dues.

(Read more on The Nation News)

FG To Make COVID-19 Vaccine Mandatory For Civil Servants

THE Federal Government has announced that it is working to make COVID-19 vaccination mandatory for civil servants and public servants in the country. The government said the process would be gradual, as it will make sure that vaccines are made available and accessible to all before implementing the policy. Secretary to the Government of the Federation (SGF), who is also the chairman of COVID-19 Presidential Steering Committee, Mr Boss Mustapha, disclosed this at the sideline of a conference organised by the Forum of Health Commissioners in Nigeria, in Abuja. Mustapha said: “The vaccine mandate obviously will come. Before now, the simple yellow fever vaccine, you could not travel the world without the card until Nigeria was exited from the list of endemic countries.

(Read more on Tribune News)

APC goes ahead with local govt congresses despite Asaba court order

The ruling All Progressives Congress (APC) has said it is going ahead with the conduct of its nationwide local council congresses billed to hold tomorrow (Saturday), while vowing “to severely sanction members and their sponsors who take the party to court.” APC’s position is in defiance to an order by an Asaba High Court presided by Justice Marshal Umukoro, which on Wednesday, restrained the Governor Mai Mala Buni-led Caretaker Extraordinary Convention Planning Committee (CECPC) from administering the party pending the determination of a suit brought before it and slated for October 4, this year. Buni, apparently piqued by the court pronouncement, yesterday went ahead to inaugurate the Osita Okechukwu-led local council congress committee at the party’s national secretariat in Abuja.

(Read more on Guardian News)

Islamic State Terrorists Distribute Fliers In Borno, Threaten Residents Giving Information To Nigerian Military

The Islamic States West African Province (ISWAP) faction of the Boko Haram has warned some Borno State residents, particularly in communities under its control against giving out information to the Nigerian Army. The terrorists conveyed the warning in fliers distributed by members of the group in what seemed to be a market setting in Borno State, according to a report by HumAngle. From pictures posted, one of the ISWAP terrorists was seen handing out the flier to a driver in a car like a taxi. The flier’s title reads, “A message from the caliphate’s troops to the people of a new town.” The terrorists spread propaganda that the Nigerian Army forced the villagers out of their homes and that the military were their true adversaries, not the ISWAP.

(Read more on Sahara Reporters)

Delta Court Verdict Has Nothing To Do With Buni Committee – APC

The All Progressives Congress (APC) clarified yesterday that the recent order of a high court in Delta State did not stop the Governor Buni-led Caretaker/Extraordinary Convention Planning Committee (CECPC) from piloting the affairs of the party. A media report had suggested that the court sitting in Asaba, in Delta State, on Wednesday restrained the Buni-led caretaker from acting or parading themselves as party leaders until the determination of a substantive suit before the court. Contrary to the report in some sections of the media, a copy of the court order sighted by LEADERSHIP Friday confirmed that the ex parte order affected only the chairman of the Delta State chapter of the party, Jones Ode Erue, who is the 15th defendant in the suit. In issuing the ex parte order, the court presided over by Justice Onome Marshal Umukoro held that while reliefs 1,2,3,4 and alternative prayer 5 which is the restraining order of the motion Ex-Parte are hereby granted, the “alternative prayer 5 is granted only in relation to the 15th defendant (Jones Ode Erue, Chairman APC, Delta State)”.

(Read more on Leadership News)

COVID-19 bites harder as NCDC records 8 more deaths, 631 cases

The Nigeria Centre for Disease Control (NCDC), says it has recorded eight more deaths due to complications from the dreaded COVID-19 infection as of September 2, 2021. The NCDC, on its verified website on Friday morning, also said 631 new cases of the virus were recorded in 19 states and the Federal Capital Territory, Abuja. The News Agency of Nigeria (NAN) reports that the 631 fresh cases reported on Thursday indicated an increase from the 582 cases posted on Wednesday. The agency said that Lagos State recorded 172 cases, followed by Oyo with 93 cases and Rivers 72 infections.

(Read more on Premium Times)

Military Refuses To Give Update On Major Abducted At NDA

Daily Trust had reported how bandits invaded the residential quarters at the NDA, leading to the death of two officers and the abduction of Datong. Few days after the attack, there were insinuations that the attackers made contact with the military and demanded a N200 million ransom while there were also reports that the abducted officer had been killed. When asked about the whereabouts of the kidnapped Major at a press briefing at the Defence Headquarters, Abuja, on Thursday, Brig.-Gen. Benard Onyeuko, acting director of Defence Media Operations, said the military would keep Nigerians posted.

(Read more on Daily Trust News)

Banks to remain conservative towards private sector lending amid COVID setback

While credit to the private sector has continued to maintain an upward momentum with a chunk of the loans awarded to large corporates and high-end medium enterprises, analysts see lenders becoming more conservative especially with small businesses who account for the larger segment of the Nigerian economy. The setback from the impact of the COVID-19…

(Read more on Business Day)

Heavy clashes erupt between Taliban and anti-Taliban group in Afghanistan’s Panjshir province

Heavy clashes erupted Thursday night around Afghanistan’s northern Panjshir Valley between Taliban fighters and an anti-Taliban group, according to a source within the group. Panjshir Valley, a mountainous, inaccessible region north of Kabul, is the last major holdout against Taliban rule, and has a long history of resisting the insurgent group. Sporadic fighting between the Taliban and the National Resistance Front (NRF) has continued for two weeks now. The Taliban have been massing forces in and around Panjshir province in recent weeks and said on Monday they had captured three districts in the valley. The overnight clashes between the Taliban and the National Resistance Front of Afghanistan (NRF) started late Thursday and were very intense, said the NRF source.

(Read more on CNN News)

Storm Ida: Death toll climbs to 45 across four US north-east states

The US is facing climate-related destruction across the country and tackling it is “a matter of life and death”, the president said. New York City and New Jersey saw unprecedented levels of rainfall. Some residents became trapped in flooded basements and cars. Six states suffered loss of life:

  • New Jersey Governor Phil Murphy said at least 23 people had died in his state – most of them stuck in their vehicles as the waters rose
  • At least 14 people lost their lives in New York City, including a two-year-old boy. Eleven of them drowned while trapped in their flooded basements, officials said
  • Five people died in Pennsylvania, while a state trooper in Connecticut was swept away as he responded to a call
  • Deaths were also reported in Maryland and Virginia

President Biden has declared an emergency in both New Jersey and New York, enabling both states to receive federal funding to support local disaster relief efforts.

(Read more on BBC News)

Annie Idibia drags her husband 2Face Idibia on Instagram over one of his baby mamas

Nigerian music icon 2Face Idibia’s wife, Annie has called him out over his relationship with one of his baby mamas, Pero Adeniyi. The movie star took to her Instagram Stories on Thursday, September 2, 2021, where she called him out over their relationship. “I am a patient woman. I am not a fool innocent. Your family never loved me from the beginning. No matter how hard I tried. I was never worthy to them,” she wrote. “I have made so many sacrifices for you and all your children. God knows I have I tried. Your baby mamas constantly use your children as an excuse for all sort of rubbish.” I try to stay gracious. You are not the first man on the planet to have kids by different women. You can do better. Everything I do is to show the good human that you are.” “But today, this move done by you, Efe, Frankie and your family is unacceptable.” She went on to call him out for sleeping at the house of one of his baby mamas, Pero for days, during his trip to the United States of America.

(Read more on Pulse.ng)

Nigeria vs Liberia: Where the game will be won and lost

The continuing absence of Samuel Chukwueze presents a problem for Gernot Rohr ahead of this international window. The Villarreal winger has struggled with groin problems through the summer, and his unavailability suddenly exposes a lack of depth in that area.  With all the other wing options in the squad more comfortable starting on the opposite flank, any selection here will necessarily be a stop-gap. Considering Chukwueze has been a constant source of devilry and invention cutting inside from the right, having to do without him severely hampers the Super Eagles’ chances of breaking apart what will be a disciplined Liberian side.

(Read more on Goal.com)

 

 

 

 

 

 

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