Oyo seized rice: Senate may summon Customs CG over resolution punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
Ring true By yemi adebowale 08054699539
Email: yemi.adebowale@thisdaylive.com
The 2021 federal budget is N13.8 trillion. It has a deficit of N5.6 trillion and this will be funded, largely, through external borrowing. Over 30 per cent of the funds for this budget 2021 will be loans. This is why President Muhammadu Buhari is asking the National Assembly to approve N2.3 trillion ($6.18 billion) external loan to enable him fund part of the 2021 budget. The loan is part of N4.6 trillion federal lawmakers had earlier approved for his government as contained in the 2021 Appropriation Act. About 33 per cent of budget 2021 is set aside for debt servicing. Is this nonsense making sense? This is the level Nigeria has degenerated while binge-borrowing. Budget figures of the government of the Federal Republic of Nigeria have become voodoo numbers. They persistently bamboozle Nigerians with humorous numerals. The long and the shot of all these confusing figures is that Nigeria is in se
A member of the Senate, representing Osun East Senatorial District, Senator Francis Fadahunsi, yesterday, alleged that fraud was rampant within the Nigerian armed forces and some paramilitary agencies, noting that the nation would not overcome insecurity.
Senator Francis Fadahunsi
A member of the Senate, representing Osun East Senatorial District, Senator Francis Fadahunsi, Friday, alleged that fraud was rampant within the Nigerian armed forces and some paramilitary agencies.
He said that the nation would not overcome insecurity if the fraud and other underhand practices in that sector are left unchecked.
The senator said the arms and ammunition being snatched from Nigerian soldiers by insurgents and the neglect of the defence industry, which is responsible for manufacturing war armaments, should be investigated.
Fadahunsi claimed that the military service chiefs prefer the importation of arms because of what they stand to gain from the exchange rates to the detriment of local manufacturing of guns and other weapons.
Abandoned reports: National Assembly’s long list of endless probes, loud hearings, dead results The Punch
Published 10 May 2021
SUNDAY ABORISADE and
LEKE BAIYEWU examine endless probes by both chambers of the National Assembly and observe that the investigations have produced few or no effects
Consecutively, Speaker of the House of Representatives, Femi Gbajabiamila, asked all ad hoc committees of the House to lay their reports by the end of April 2021. He made the announcement on April 20; reminded the concerned committees again on April 21.
Indeed, many probes have been pending – or even abandoned – by the various panels given the tasks. Yet, hardly does the House sit without resolving to carry out one investigation or the other. It is a similar case in the Senate.