Tag: Fed Govt

  • Fed Govt saves N200b from 50,000 ghost workers in 2016

    Fed Govt saves N200b from 50,000 ghost workers in 2016

    •American billionaire, others offer scholarship to Chibok girls 

    The Federal Government saved N200 billion by eliminating 50,000 ghost workers from its payroll this year, the Presidency said yesterday.
    Between February and this month, N13 billion was taken off the payroll monthly.
    The Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, said 11 leaders of the syndicate behind the ghost workers had been handed over to the Economic and Financial Crimes Commission (EFCC).
    He said: “The flagship programme of the Muhammadu Buhari administration to rid the system of fraud and instill good governance is on course. Through a notable initiative, the Efficiency Unit of the Federal Ministry of Finance has embarked on the continuous auditing of the salaries and wages of government departments.
    “When the Committee was constituted in February 2016, the Federal Government monthly wage bill was N151 billion, excluding pensions. Now the monthly salary warrant is N138 billion, excluding pensions; which means that the government is making a monthly saving of about N13 billion. That is from February 2016 to date.”
    “The pension bill was N15.5b monthly as at February. Now it is down to N14.4 billion, which means average monthly saving is about N1.1 billion.” he said
    He said 50,000 ghost workers had been removed from the payroll and that 11 leaders of the ghost workers syndicate had been referred to the EFCC. Some of them, he said were undergoing trial.
    On the welfare of the recently-released 21 Chibok Girls, Shehu said they were being treated as adoptees of the Federal Government adding that there is a lot of local and international interest in their future plans.
    He said: “A black American billionaire, Mr. Robert Smith, who is sponsoring the education of 24 girls from Chibok, among them the first set of escapees from Boko Haram at the American University of Nigeria, Yola, has offered to pay for the education of the 21 freed girls through negotiations and is offering to take responsibility for all the others who will hopefully be eventually set free. The Murtala Mohammed Foundation in the country is equally interested,”
    Responding to complaints by some of the parents of the 21 girls that they did not have enough room for interaction with their daughters brought home for Christmas by security men, the presidential spokesmen admitted that there were some hitches arising from a lack of understanding of the objective of the trip on the part of some security operatives but that following the receipt of the complaint, a directive had been given from the headquarters for access by the parents to be eased.
    “If the situation persists, please let us know so that the higher authorities will make a further intercession,” he assured.
    Shehu said appointments into boards of government agencies would be on track in the New Year.
    “You know that the reconstitution (of board membership) began methodically, from sector by sector. You should expect that to resume at the beginning of the New Year. The President has given directions on what to do”, he stated
    On the agricultural programmes of the administration, Shehu said the President’s persistent calls for a return to farming were yielding good results.
    “The talk about agriculture has driven people to the farm. This year, there is a huge boom in the rural economy. We have witnessed an excellent harvest. Farmers are getting value for their output. What has encouraged farmers the more is the increasing availability of extension services. New farming techniques are helping farmers to do their occupation better. The readiness to buy the produce is also a major boost.
    “When you put all these together with the systematic move to curb importation as a boost to local production through the restriction of the available foreign exchange to critically important sectors of the economy, you have favourable environment for the diversification of the economy.
    “As we speak, several of the country’s major manufacturing industries are actively backward-integrating- Nestle, Unilever, the breweries are looking at what we have as local materials, changing their formulations to maintain production levels and keep their share of the market. Manufacturers who are hooked on import of raw materials are advised to re-strategise and take full advantage of local raw materials. The future belongs to those who employ the use of local raw materials,” Shehu said.

  • Fed govt approves 13% derivation for mineral revenue states

    Fed govt approves 13% derivation for mineral revenue states

    The Federal Government on Tuesday approved the implementation of the constitutionally guaranteed 13 per cent derivation from mineral revenues to deserving states.

    The Minister of Mines and Steel Development, Dr. Kayode Fayemi, made this known at a two day workshop on Special Purpose Vehicles (SPVs) in the development of mining sector in Sokoto State.

    Fayemi said the workshop would encourage beneficial participation of State Governments in natural resources governance.

    “We have gotten approval for the implementation of the constitutionally guaranteed 13 per cent derivation for mineral revenue to states. This is similar to the derivation that oil-producing states are currently enjoying from the Federation Account,” the Moinister said.

    He said that the Federal Government was working closely to build the capacity of state governments in the structuring of the vehicles to participate in mining in their jurisdictions.

    Fayemi, however, added that this was without undermining private sector players nor discouraging mining enterprise within their states.

    Sokoto State Governor Aminu Tambuwal said that the state would work with the Federal Government to formalise and manage the artisanal miners.

    He assured that the government would also work with defence and security agencies to curb illegal mining in the state.

    The State Commissioner for Solid Minerals and Natural Resources Development, Alhaji Bello Goronyo, said that the programme was part of efforts by the federal and state governments to diversify their economies through effective use of solid mineral resources.

    Goronyo said that the State Government had taken a giant stride in the drive to diversify the state’s economy through exploration, mapping and identification of the locations of the minerals in the state.

    The Commissioner explained that the State Government had given the ministry all the necessary support and cooperation to enable it discharge it’s duties without hitches.

  • Fed Govt: another  300,000 N-Power  jobs underway

    Fed Govt: another 300,000 N-Power jobs underway

    Minister of Information and Culture Alhaji Lai Mohammed has said 300,000 jobs are underway through the Federal Government’s N-Power programme. No less than 200,000 have been employed through the scheme.
    Mohammed said more than one million youths would benefit from the Bank of Industry Micro-credit scheme.
    The loan, according to him, would be at a low interest.
    He spoke yesterday at the special edition of the Town Hall Meeting series dedicated to youths. He was with Minister of Power, Works and Housing Babatunde Fashola; Minister of Finance Kemi Adeosun; Minister of Agriculture Audu Ogbeh; Minister of Labour and Employment Dr. Chris Ngige; Minister of State, Budget and National Planning Zainab Ahmed; and Minister of Sports Solomon Dalung.
    A mild drama ensued when a participant accused President Muhammadu Buhari of abandoning youths. He said the President was on their side during his campaign and now he seemed to have forgotten them.
    He urged the Mohanned to inform Buhari they will be waiting for him in 2019.
    But Dalung assured him and others the President had not changed and still remains the man of the people.
    Mohammed said the government retained N500 billion in the 2017 budget for the Social Investment Programme.
    He said: “Government is unrelenting in its efforts to ease the hardship in the land, especially youth unemployment, brought about by years of poor or lack of planning, profligacy, mismanagement of funds, massive corruption and lack of investment in social investment programmes. We did not create today’s hardship, but we are resolved to end it and make life more abundant for our people. There is no question about that. All we ask is your undiluted support. We have no doubt that, working with you, we will achieve our set goals.
    “We are starting the Special Town Hall Meeting series with youths because of the importance this administration attaches to youth empowerment, youth development and youth engagement. We have no choice, because, according to the National Population Commission, more than half of Nigeria’s population is under 30 years of age! No government can afford to ignore this important demographic group, plus youths are no longer just leaders of tomorrow, but today’s leaders too!
    “ It is also in recognition of this fact that the administration is investing massively in programmes that benefit youths, among others. I am talking here of programmes, such as the Social Investment Programme that includes the N-Power Volunteer Scheme; N-Power Job Creation Programme that provides loans for traders and artisans; Home-grown School Feeding Programme, Conditional Cash Transfers to the most vulnerable members of our society and Family Homes Fund, a social housing scheme.
    “As many of you are aware, 200,000 jobs were created in the first phase of the N-Power Volunteers Programme. That is perhaps the highest number of jobs that have been created in one fell swoop by any government in the history of our country. Some 300,000 jobs are next in line, to make it 500,000 jobs. These jobs benefit mostly youths, who will be engaged in education, health care and agriculture.
    “Also, the Home-grown School Feeding has taken off in three states – Anambra, Kaduna and Osun. It is being scaled up to 11 of 18 states designated for the first phase. Already, some 25,000 cooks have been trained in nine states. Concerning the Conditional Cash Transfer, the data of beneficiaries in nine states are ready, and the payment process for those states is in top gear.
    “For the Micro-credit scheme, more than one million Nigerians are set to get loans at low interest rates through the Bank of Industry. The loans range from N20,000 to N100,000. The pilot scheme is taking place in eight states and in the Federal Capital Territory.
    “ There is more good news. To sustain this important Social Investment Programme, the N500 billion for the programme has been retained in the 2017 budget, which was recently presented to the National Assembly by Mr. President.”
    He noted that the country’s transition from analogue to digital broadcasting would create one million jobs.
    “On our part at the Ministry of Information and Culture, we are leveraging on the creative industry, which is youth-driven, to create jobs and unleash the huge potential of our youths. We have signed two Memoranda of Understanding with the Tony Elumelu Foundation and the British Council to train festival managers, build capacity of youths and link the creative industry with the business world,” he said.
    Fashola announced that an MoU was signed with the CBN to assist the two meter manufacturing companies cleared by the ministry to get funds for their operations.
    Ogbeh urged youths to embrace farming where $22 million opportunity awaits them.
    He also said for those who would like to go into farming, fertiliser would be available for N5,000, because of the MoU signed with the King of Morocco.

    He also said the ministry was working on certification for the country’s agricultural products to U.S and other developed countries.
    Mrs. Adeosun said the country was coming out of the most difficult period.

  • Fed Govt seeks EFCC, ICPC help on Niger Delta’s N400b failed projects

    Fed Govt seeks EFCC, ICPC help on Niger Delta’s N400b failed projects

    The Federal Government yesterday said it will seek the intervention of the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on the N400 billion failed projects in Niger Delta.
    The Minister of Niger Delta Affairs, Pastor Usani Uguru Usani, spoke yesterday in Abuja on the need for such intervention.
    The minister said it was disheartening that since the creation of the Niger Delta Ministry, over N400 billion had been disbursed for various projects with less than 13 per cent implementation by the contractors.
    He said the government would not allow the contractors to get away with the injustice they perpetrated against Niger Delta residents.
    Usani said the situation was compounded by the fact that contractors handling such projects were Niger Delta indigenes who were fond of collecting mobilisation funds from the ministry and eloping without doing anything at project sights.
    According to him, among the failed projects are: roads, water, electricity, skill acquisition centres, housing estates, farms and health care centres.
    The minister said the government had taken the first step by ordering the contractors back to sites to justify the funds collected.
    He said contractors who failed to meet up with the pace of the ministry would have their dates with the anti-graft agencies.
    Usani, who outlined the achievements of the ministry in the past one year, said about N4 billion had been paid to contractors handling Section One of the East-West Road, which was about 99 per cent completed.
    The minister regretted that works could not start on Section Five of the road, as planned, because of technical problems.
    Usani recalled that about 413 youths had been trained in three batches in Ibadan in various entrepreneurship programmes in the past one year and paid between N300,000 and N500,000 to enable them start their businesses.
    He regretted that some youths used the money to buy luxury cars.
    The minister also said about 130 women were trained in agriculture value chain and given N1 million each as start-ups, adding that hundreds of other young men and women in Niger Delta were undergoing training in Information and Communication Technology (ICT).
    The Minister who said about N800 billion would be needed to complete various projects in the region, said the major challenge facing the ministry was lack of funds to execute majority of the transformative programmes and projects.

  • Fed Govt eyes $600m  investment in mining

    Fed Govt eyes $600m investment in mining

    The Federal Government hopes to secure $600 million investment fund for the mining sector by partnering the Nigerian Sovereign Investment Authority (NSIA) and Nigeria Stock Exchange (NSE).
    It was learnt it will conclude how the funds will be secured by second quarter next year.
    Minister of Mines and Steel Development Dr Kayode Fayemi said the government secured a $150 million support from World Bank for the Mineral Sector Support for Economic Diversification (MSSED) programme.
    He added that the fund will be used to provide technical assistance for restructuring the Mining Investment Fund, to make finance available to Artisanal Small Mining (ASM) operators through finance, micro-finance and leasing institutions.
    He said the fund would help bring back previously abandoned projects, such as tin ore, iron ore, coal, gold and lead-zinc.
    Fayemi spoke yesterday at a news conference in Abuja.
    He said the sector contributed N2 billion to Federation Account in 2016 from N700 million in 2015.
    “We are working with the Nigerian Sovereign Investment Authority, Nigeria Stock Exchange and others to assemble a $600 million investment fund for the sector, which we hope to conclude and operationalise by second quarter of 2017.
    “We have secured support from the World Bank for $150 million for the Mineral Sector Support for Economic Diversification (MSSED or MinDiver) programme, a critical component of which is to provide technical assistance for the restructuring and operationalisation of the Mining Investment Fund, which would make finance available to ASM operators through development finance, micro-finance and leasing institutions. The fund will also help to bring back on stream previously abandoned proven mining projects, such as tin ore, iron ore, coal, gold and lead-zinc.”

    “We are working to retrieve old data obtained on the various mineral deposits across the country, as well as enter into joint ventures with private exploration companies to generate new data from our Greenfield explorations.. We hope that analysis of this information will help to further buttress our speculations on the quantity and quality of mineral deposits in the country.

    “Our Nigerian Geological Survey Agency (NGSA) has undertaken additional ground investigations nation-wide to upgrade our National Minerals Database and to further ascertain the assays of our mineral assets to the level that can easily attract financial investments, and assure operators of the scope of operations required for further exploration and/or mining.

    “NGSA has also signed MoUs and Technical Cooperation Agreements with the China Geological Surveys, Shandong Mineral Exploration Agency and the National Office Hydrocarbons and Mines ‘ONHYM’ of Morocco. The collaborations are intended to leverage on the expertise and state-of-the-art technologies of these organizations in assisting Nigeria generate investor friendly geoscience data.

    “We have improved the productivity of the sector by tripling the ministry’s contribution to the federation account to about N2Bn in 2016, up from N700M in 2015.

    “The Ministry is also engaging world class exploration companies to collaborate with our data generating Agencies towards providing bankable data to attract big players in the mining sector.

    “The Ministry has also initiated discussions with SGS, a world renowned materials testing company, to activate the NGSA Laboratory Facilities in Kaduna towards achieving ISO 17025 accreditation within the shortest possible period. The objective is to significantly reduce the thousands of mineral samples being shipped abroad for analysis thereby reducing the huge revenue loss and correspondingly incentivize the mining sector.”

    END

  • Fed Govt, states ‘can N100b from new lottery’

    National Lottery Regulatory Commission (NLRC) Director-General Mr. Adolphus Joe Ekpe is optimistic that the Federal and state governments can earn about N100 billion as revenue from the newly licensed flagship game, NaijaBillionaire.

    Ekpe explained that the electronic wealth re-distribution raffle game, which was launched on Friday by NaijaBillionaire Limited (NBL) – Nigeria’s first national e-raffle licence holder – would bring to fruition the objectives set by NLCR.

    He added that over the years, lottery operators have ripped the government off through lack of transparency in their operations.

    Ekpe said in the last 10 years, the government only made N6 billion from activities of lottery operators, which, he said, was far less than the amount the game could make for the government.

    He affirmed that with the entry of NBL flagship game, NaijaBillionaire jackpot, the potential earning for Federal Government is between N12 billion to N50 billion per annum.

    According to him, states could also share the same amount.

    “Today marks a turning-point in the history of gaming in Nigeria and Africa. Today, we are witnessing the birth of Africa’s largest Jackpot built into a game that was developed by Nigerians for all Nigerian people of all classes.

    “The potential earning for the Federal Government from NaijaBillionaire Limited is between N12 billion to N50 billion per annum. We also project that states in Nigeria will share about same amount from local activities in the states,” he said.

    Ekpe said the birth of NaijaBillionaire jackpot has helped to achieve one of the objectives it set two years ago for the recalibration of the Nigerian gaming industry.

    He said this would significantly increase the Federal Government’s revenue by encouraging business innovation and smarter use of technology by the newly licensed firm.

    NBL Chairman Mr. Adedotun Sulaimon, a business mogul, who was represented by Jocabus Classens, one of the brains behind the lottery firm, said despite government’s efforts, Nigeria has never had a truly national lottery.

    He said with the entry of NBL lottery brand, BillionaireJackpot, the firm would put Nigeria’s gaming industry on the global map and re-invent Africa’s gaming business and restore the integrity lacking in the industry.

    Director of Execution of the NaijaBillionaire Jackpot Mr. Lai Labode said the “NBL mission is to create gaming experiences, enrich lives and add value to businesses and the environment through innovation, easy access, integrity, partnership and world class processes”.

    He said the process of NaijaBillionaire jackpot would be transparent, adding that “all daily draw tickets win or loss are qualified for the jackpot”.

    The firm’s chief operating officer, Mrs. Titi Masha-Olawuyi, said proceeds from the lottery would also be used to develop critical sectors in the 37 states as part of the firm’s corporate social responsibility.

  • Fed Govt’s $29.9b planned loan okay to reflate economy, says Gbajabiamila

    Fed Govt’s $29.9b planned loan okay to reflate economy, says Gbajabiamila

    The plan of the government to borrow $ 29.9 billion is necessary for the country to come out of recession, the Leader of the House, Femi Gbajabiamila has said.

    Speaking while giving reporters the end of year report on the activities  of House of Representatives for 2016, the House Leader said the reason this administration is seeking such quantum of funds for infrastructure is because of the foundation laid by the previous regime.

    According to him the borrowing plan is specific and targeted and necessary to pull the country out of recession and reflate the economy.

    Giving reason why the Buhari administration is borrowing despite the country’s exit from the Paris Club of creditors during the government of former President Olusegun Obasanjo, he said: “I’m glad you mentioned Obasanjo. But you forget that between Obasanjo and this government, there was another government that served for six, eight years or however long and I believe and unfortunately I must say it, they brought us to this sorry state that we are in today.

    “It is what this government found on ground that informed the quantum and the nature of the borrowing they have to undertake. Now to get out of this recession and the sorry state we have found ourselves, I don’t think we can do it without borrowing.

    “Borrowing is necessary, United States, England, Germany they all borrow Borrowing it is an essential feature of democracy especially when you’re running a deficit budget.

    “For now, the borrowing is necessary to pump into the system to inflate activity in the economy, diversify the economy, theres a lot of things we need money for and if the country is not making money, like we used to we have to borrow money.”

    The lawmaker said “former President Obasanjo was able to come to an agreement to exit the Paris club because we were making money”

    He said the country is still within the borrowing regulations as relates to the nation’s GDP.

    On the possibility of increasing the salary of worker particularly in the face of soaring inflation and biting recession, he admitted that salaries at present “are very low,” and that “something has to be done about it.”

    He added: “The House is a House of the people and it will never back away from any move to increase salaries of worker. That is the reason we’re here, weather government or private workers, we’re here because of the people. And i for one and I believe a lot of our members, if and when the issue comes on the floor, I doubt if there will be a dissenting  voice.

    “And we will begin to,look at that viz- a- viz inflation and unemployment

    “Personally, I believe wages are too low as we stand and i think something has to be done about it. And I think the House will be proactive in making that move.”

    On legislation by the 8th House in the past one year, the House Leader said:

    “In the last 12 months, a total of 551 Bills were introduced in the House for the first time with 64 cases of consolidation of several Bills addressing similar issues. Five of the Bills were negatived (not passed) while only 179 passed for second reading and 47 Bills successfully passed by the House in the year 2016.”

  • Fed Govt re-builds 25 police stations, 25 schools destroyed by Boko Haram 

    Fed Govt re-builds 25 police stations, 25 schools destroyed by Boko Haram 

    The Federal Government has rebuilt and renovated 25 police stations and 25 schools destroyed by the Boko Haram in Adamawa state, Secretary to the Government of the Federation Babachir David Lawal stated yesterday.

    He spoke at the Christmas Carol Service at St. Theresa’s Cathedral, Jimeta, Yola.

    Lawal said one of the cardinal priorities of the present administration was ensuring security of lives and property in order to promote economic development.

    “ So far, the Federal Government has renovated and rebuilt not less than 25 schools destroyed by Boko Haram in seven local government areas of Adamawa.

    “ Similarly, we were able to rebuild the same number of police stations in the affected areas, “ Lawal said.

    On the 2017 budget, the SGF said the core objective of the fiscal proposal was economic and human development.

    He explained that President Muhammadu Buhari had also approved reconstruction of four federal roads in the budget.

    Lawal listed them as Yola-Mubi, Mararaba Mubi-Gwoza, Numan- Cham (Gombe) and Numan- Jalingo.

    Yakubu Dogara, the Speaker of the House of Representatives, advocated a synergy among all arms of government in order to move the country forward.

    Dogara urged Nigerians to support government irrespective of political and regional affiliation.

    Bishop Dami Mamza of St Theresa Cathedral, Jimeta, advised clerics to always preach peace and tolerance among the diverse people of the country.

    Among dignitaries at the service were representatives of the governors of Taraba and Plateau, senators and members of the House of Representatives.

     

  • Fed Govt is owing GenCos over N400b

    Fed Govt is owing GenCos over N400b

    •Firms may pack up soon, says group

    The Federal Government is owing power generation companies (GenCos) over N400 billion, Association of Power Generation Companies (APGC) Executive Secretary Mrs. Joy Ogaji has said.

    She said the debts were from November 2013 to last month.

    Mrs. Ogaji, in an interview with The Nation, said Egbin Power PLC was owed N93 billion and Niger Delta Power Holding Company (NDPHC), N105 billion.

    Others are Ughelli Power Company ( N50 billion ), Geregu Power Plant( N80billion), Kainji, Jebba and Shiroro Hydro power plant (N30billion).

    The amount excludes debts owed Olorunsogo and Omotosho power plants, she added.

    Mrs. Ogaji said the debts were hampering the firms’ performance, urging the government to pay up to enable them buy gas.

    She said: “The generation companies can no longer pay salaries; they can’t even pay for gas and the gas companies are no longer selling the product to them, as a result of the debts. Banks are not ready to advance credit to the GenCos again. This means that the power firms cannot get money to buy gas. Also, banks are not sure of getting their money back from the GenCos, even when they offer them facility.”

    The GenCos, she said, did not have money to maintain their equipment, and pay contractors.

    According to her, four of the contractors have stopped working because they are being owed.

    Mrs. Ogaji said the generating plants may pack up soon, since they were not being maintained promptly.

    She urged the government to hold the DisCos accountable to the terms of their agreement and make them to pay, adding that the GenCos should not get involved.

    Mrs Ogaji said: “When generation companies were invited to buy these assets, the government promised that the bulk trader set up to take the power said the GenCos should not worry about payment, but now the bulk trader is not paying up these debts,’’ adding that the GenCos didn’t have any contract with the DisCos.

    She said the association was engaging the government at various levels and working out lasting solutions to the sector’s problems.

    Mrs. Ogaji regretted that the solutions were coming rather too slowly. She said: “All we have been hearing is that the government is working out plan; the generation companies are not part of that plan, the government should involve the generation companies in their plan,”expressing the opinion if you are finding a solution for the gencos let them be part of that solution to know if the solution is viable and sustainable’’.

    NDPHC General Manager, Corporate Communication, Yakubu Lawal, confirmed that the company was being owed about N100 billion.

    To boost their revenue base, he  urged the government to prevail on DisCos to meter their customers and be active in revenue collection, adding that there were many people not captured by the DisCos and, as a result, get estimated bills, thereby making the DisCos to lose money.

    Lawal maintained that there was the need for DisCos to meter their customers, adding that it would help to increase their revenue.

    He urged the government to raise some bonds for investors to access loans to continue their businesses.

     

  • Fed Govt restructures YouWin

    The Federal Government has restructured the Youth Enterprise with Innovation in Nigeria (YouWin) programme into a multimedia-based programme,  rebranded  YouWinConnect!.

    The new programme now has a sharper focus on supporting young entrepreneurs with fresh businesas management ideas for sustainability.

    A statement from the Federal Ministry of Finance read: “The transformation of the programme was in line with the promise made earlier in the year by the Minister of Finance, Mrs. Kemi Adeosun, who initiated consultations with beneficiaries and other stakeholders of the programme for inputs that would improve the performance and sustainability of small and medium businesses start-ups by beneficiaries of the programme.”

    She said the YouWinConnect! was designed “to support young entrepreneurs as they plan, start and grow their businesses by delivering to them enterprise management education and skills as well as Franchise Development Online, through radio and television.”