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Restored budget cycle has boosted investors’ confidence in Nigeria, says Lawan

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As Senate President bags Awards for Good Governance and Budget Cycle Restoration
President of the Senate, Ahmad Lawan, has said that the restoration of Nigeria’s budget cycle to the January to December timeline has resulted in increased predictability of the country’s fiscal plans as well as boosted the confidence of local and foreign investors.
The Senate President explained that an unpredictable Budget sequence was unacceptable for a nation in dire need of development, a situation which made it imperative for the ninth Assembly to correct the anomaly in accordance with the constitution.
He said for the first time since the fourth republic, Nigeria’s budget recorded 100 percent implementation level in the year 2020 by the federal government under the President Muhammadu Buhari administration.
Lawan made this known while delivering a speech on Monday at a Meritorious Award Ceremony organised by the Senate Press Corps in Abuja.
The Senate President was a recipient of two awards – the Parliamentary Leadership for Good Governance and Budget Cycle Restoration Awards.
The awards were presented to Lawan at the ceremony by the Governor of Bayelsa State, Senator Douye Diri who also bagged Ambassador of the Senate Award.
Speaking at the event, Lawan said, “These honours are no doubt encouraging, considering the demanding nature of statecraft, despite a primary commitment to service.
“As journalists at the heart of reporting the legislature, you are surely in an excellent position to appreciate the enormity of our tasks, and how well we are doing, to deliver on our mandate.
“We therefore expect your judgements to be very qualified, which is why I am gladdened by the recognition, in addition to those extended to my colleagues.
“While good governance is a work in progress, it requires a painstaking feedback process, to appreciate loopholes and for efforts towards blocking them.
“These loopholes can be evident through the need to carry our outstanding responsibilities, in fulfilling our mandate of legislation, appropriation and oversight, and in ensuring they lead to improved welfare of the people.”
The Senate President added that the ninth National Assembly keyed into the vision of President Muhammadu Buhari’s administration  in its bid to ensure accountability and transparency to minimise or eliminate waste in government spending.
“The National Assembly has since keyed into this plan, in line with our legislative agenda, and compliant with our individual and collective desires to leave valuable and lasting legacies.
“We have resolved in the Senate to continue on this noble path, not only for the present and the future generations, but to shore up our status in the comity of nations.
“We were early in showing our zeal and desire through our attitude to work, resulting in the normalization of the Budget cycle, to fit into the January to December calendar year.”
Reeling accrued benefits which are outcomes of the restoration of the country’s budget cycle by the National Assembly, Lawan disclosed that same has impacted positively on Nigeria’s fiscal plans in a way that continues to boost investor confidence.
He explained, “The ninth Senate realised from the beginning that an unpredictable Budget sequence was unacceptable for a nation in dire need of development, and we had to correct the anomaly in accordance with our desire and commitment to make the budget work for Nigerians.”
He added that, “The restoration of the budget cycle has resulted in increased predictability of our fiscal plans and should continue to boost local and foreign investor confidence.
And let me add here, that for the first time, probably since the first republic, the budget of the federal government was implemented for the first time 100 percent in 2020.”
The Senate President, at the occasion, announced that the Senate will institute Awards for Parliamentary Reporting in the Senate Press Corps effective from 2022.
Lawan also announced that the National Institute for Legislative and Democratic Studies(NILDS) will introduce a training programme in Parliamentary Reporting for the National Assembly reporters.
“The idea is simple. We want to enhance your capacity, your competence, your capability so that when you report, you continue to educate Nigerians on what the National Assembly does or what is expected of the National Assembly.
“The task is for us, legislators, to inform Nigerians of what we do but you can do that even better because you are journalists and your media houses are there for people to listen to and we believe this is going to be a win-win for both the Senate and House of Representatives Press Corps and members of the National Assembly as well,” Lawan said.
Several other Senators, both serving and non-serving, and some state governors were also honoured at the occasion.

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Sanusi Reinstated As Emir Of Kano

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Four years after Muhammadu Sanusi II was deposed as the Emir of Kano, Governor Abba Yusuf of Kano State has reinstated him to the throne.

“With the full support of the kingmakers, I have approved the reappointment of Malam Sanusi Lamido,” the governor said to cheers at the Art Chamber of the Kano State Government House around 5:16 pm on Thursday.

He announced the decision right after signing the Kano State Emirate Council (Repeal) Bill 2024 into law.

The new law replaces the Kano State Emirates Council Law, 2019, and dissolves the emirate councils created by Governor Yusuf’s predecessor Abdullahi Ganduje.

It was based on the law that Ganduje split the Kano Emirate into five in December 2019 and deposed the 14th Emir of Kano, Muhammadu Sanusi II on March 9, 2020. The emirates created by the Ganduje administration were Karaye, Bichi, Rano, and Gaya, in addition to Kano.

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FG Offers 2-Month Free Ride On Abuja Light Rail

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Nyesom Wike
Nyesom Wike
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The federal government has offered 2-month free ride services to passengers on the Abuja Light rail after its inauguration on Monday.

Nyesom Wike, The FCT Minister, disclosed this in Abuja on Thursday at a ministerial press briefing on the one year in office of President Bola Tinubu.

He said President Tinubu would inaugurate the rail project on Monday, while it would start commercial services on Tuesday.

“For those who are saying that the rail system had already been commissioned, don’t make a mistake. What was earlier commissioned was the building. What we want to commission on Monday is commercial operations.

“If you are going to the airport, from here to airport is 20 minutes. Seeing is believing. Go on Tuesday. We are going to allow for free rides for two months.

“You know, Mr. President, he can even say extend it to six months just to reduce the pain of our people. That is renewed hope agenda. When you say something, you do it,” Wike said.

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Sanusi II To Be Reinstated As Kano Emir …..As State Assembly Dethrones Emir Bayero, Others

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Former Emir of Kano, Muhammadu Sanusi II
Former Emir of Kano, Muhammadu Sanusi II
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Sanusi Lamido Sanusi II has been reinstated as the Emir of Kano, according to a report by LEADERSHIP newspaper.

This decision followed the Kano State House of Assembly’s resolution to dethrone the current Emir and also dismantle the four new Emirates in the State established under a controversial 2019 law.

Though it has not been officially announced, LEADERSHIP reported that it had it on a good authority that Sanusi II had been reinstated, and was expected in Kano on Friday.

“According to credible inside sources, ‘So certainly with the passage of the Bill, Sanusi automatically stands reinstated. No need for confirmation, the thing to is wait for the Governor to assent to it’.

“The then restructuring of the Kano Emirate is seen as a political manoeuvre to diminish the influence of then Emir Sanusi II, a vocal critic of the former Governor Abdullahi Ganduje administration. The creation of the new emirates fragmented the authority of the old Kano Emirate Council, diluting its power and influence.

“Meanwhile, the Majority Leader of the Kano State House of Assembly, Lawan Hussaini Chediyar Yan Gurasa, who sponsored the Amendment Bill, shortly after Thursday’s session, revealed to journalists that, “the bill has been sent to the governor for assent, now there is no longer an active Emir in Kano in all the five Emirates; Kano, Bichi, Gaya, Rano and Karaye. The law now provides the governor to call on the traditional kingmakers to choose a new king.”

“Our correspondent also reports that all the district heads elevated or appointed under the repealed law are to revert to their previous positions.”

 

 

 

Source: Leadership

 

 

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