Tag: Udoma Udo Udoma

  • SSANU to FG: Take over LAUTECH now

    SSANU to FG: Take over LAUTECH now

    The Senior Staff Association of Nigeria Universities (SSANU) has asked the Federal Government to save the Ladoke Akintola University of Technology by immediately taking over ownership of the institution from the present owners in the interest of the staff and students of the institution.

    The union also called on the Government to make public all the recovered money from politicians and public office holders and inject the money into the economy to help get the country of recession.

    In a communique at the end of its National Executive Council meeting, the union expressed dismay that both Oyo and Osun state governments who are joint owners of the institution have abandoned jeopardizing the careers of its members, lives of students and other members of the University community.

    According to the communique signed by the National President, Comrade Samson Chijioke Ugwoke and the National Public Relations Officer, Comrade Salaam Abdussobur, the union expressed sadness that “While the two State Governments have gone ahead setting up their own Universities, LAUTECH should not be left to rot in a country where the existing Universities cannot absorb the teeming prospective entrants into Universities.”

    While noting the potentials of the university and its past contributions to national development, the union wondered why such institution should be abandoned for any reason and appealed to the federal government to halt this painful and embarrassing action of Oyo and Osun State Governments.

    They appealed to stakeholders in the Educational Sector, Traditional Rulers in the Southwest, political leaders and concerned Nigerians to take more than a passing interest in the issue of affecting the institution in the interest of Nigerian children and the future of the Nation.

    They condemn what they described as “contemptuous” the action of the Federal Government “in defiance and disrespect of the rule of law by bluntly refusing to implement the judgment of the National Industrial Court that clearly directed that Staff Schools are integral part of the University as contained in the SSANU/FGN 2009 agreement.”

    The union expressed disappointment with the recent guidelines in the 2018 Personnel Budget Call Circular dated May 5, 2017, signed by Senator Udoma Udo Udoma, Minister of Budget and National Planning, directing that workers in Staff Schools affiliated to Institutions should not be included in the Personnel Budgets of such Institutions.

     According to the union, this directive is a gross defiance of the Court judgment in respect of University Staff Schools, and an affront to democratic institutions and Rule of Law which the Federal Government professes to uphold and protect and demand that workers in the University Staff Schools be immediately integrated into the University system by including them in the budget and according them their proper status without further delay to avoid nationwide industrial action.

    The union called on the Federal Government to make public all the recovered money from politicians and public office holders and inject the money into the economy to help come out of the recession as keeping these monies in reserve or as savings while Nigerians starve, makes no meaning.

     It further advises Government to promote policies that will attract investors and prevent oligopolies in the food and building industries to save the masses these bleak situations. SSANU further advises Government to urgently negotiate with the Nigeria Labour Congress for review of the National Minimum Wage and ensure Nigerians are given living wages. 

    The union demands as a matter of urgency, the implementation of the payment of Earned Allowances being owed members of SSANU arising from the SSANU/ FGN 2009 Agreement as the continued delay is a breach of a Collective Bargaining Agreement and a dishonorable act by Government.

     While commending hate speeches, threat for secession and drumbeat of war by some sections of the country, the union called on the Nigeria workers to unite against poverty, deprivation and exploitation by members of the elite/ ruling class.

    It said “while the members of the ruling class have other places and countries to run to, the average Nigerian does not. NEC therefore urges Nigerians not to allow themselves to be used as cannon fodder by the elite class who promote all these divisions for personal, selfish and exploitative ends.

    “Observing however, that there are imbalances and inequalities in the Nigerian system, which need urgent redress, NEC urges the Nigerian people to promote dialogue with a view to deepening the National conversation, instead of violence which would bring along with it, grave consequences and repercussions.

    On the position of the association on the state of insecurity and attacks on University of Maiduguri, it said, “NEC in Session, condemns the spate of bombings in the University of Maiduguri leading to wanton destruction of lives and property of staff and students

    “While SSANU appreciates the security forces and the Federal Government for achievements so far recorded in curtailing the menace of insurgence, it urges them to do more in intelligence gathering and tasks the Federal Government to provide equipment and adequate funding to protect our Universities from violence being wreaked by these miscreants.”

  • Minister seeks APC support on implementation of ERGP

    Minister seeks APC support on implementation of ERGP

    The Minister of Budget and National Planning, Sen. Udoma Udo Udoma has solicited the support of the APC and other stakeholders for the full implementation of the Economic Recovery and Growth Plan (ERGP).

    Udoma made the call in during the presentation of ERGP 2017 to 2020 and the 2017 report, presented by his Media Adviser, Mr James Akpandem on Thursday in Abuja.

    Udoma gave the presentation to the members of National Working Committee of APC on the 2017 Budget on the effective implementation of the ERGP to pull the economy out of recession.

    The presentation was part of the ministry’s ongoing stakeholders enlightenment programme on ERGP.

    The report projects that Nigeria will make significant progress to achieve structural economic change with a more diversified and inclusive economy in five key areas by 2020.

    The key areas are stable macro-economic environment; agriculture and food security; ensure energy sufficiency in power and petroleum products; and drive industrialisation, focusing on Small Medium Enterprises (SMEs) as well as improve transportation infrastructure.

    The minister said the support of the party would go a long way in achieving the objectives of the plan, starting with the 2017 budget.

    “Implementation of the 2017 budget will be targeted at achieving the objectives of the ERGP and delivering on the promises of the APC and of Mr President.

    “The ERGP is a plan for all Nigerians and we need the cooperation of all for its success.

    “Particularly, the support of the party’s hierarchy is required to ensure delivery of the plan,” he said.

    According to him, the ministry will continue to strengthen its monitoring and evaluation framework, covering physical inspection, verification and impact assessment of projects and programme   implemented by Ministries Departments Agencies (MDAs).

    Udoma said that the 2017 Budget was the first in the life of ERGP Implementation.

    “The 2017 Budget Macro Framework is derived from the ERGP.

    “Much of the capital provision in the 2017 budget is directed at projects that are aligned with the core execution priorities of the ERGP.

    “The 2017 Budget is designed to expand partnership between public and private sector as well as development capital to leverage and catalyse resources for growth,’’ he said.

    The minister, however, highlighted some important areas of the 2017 Budget Framework to APC leadership.

    “Total revenue is projected at N5.08 trillion, exceeding executive proposal by 2.9 per cent.

    “Oil revenue projections (41.7 per cent) of Federal Government Revenue Budget is 6.9 per cent higher than Executive Proposal.

    “Eleven per cent of projected revenue expected from recoveries of looted and misappropriated funds and fines,’’ he said.

    According to him, 2017 Federal Government spending is estimated at N7.441 trillion.

    He said that debt service and provision to retire maturing bond to local contractors were retained at N1.66 trillion and N177.46 billion, respectively.

    “Recurrent (non-debt) spending is almost held constant at N2.99 trillion.

    “However, capital expenditure including capital in transfers grew by 5.3 per cent.

    “Thus, additional revenues were deployed to capital projects.”

    Udoma further said that overall budget deficit was N2.356 trillion, which represented 2.18 per cent of Gross Domestic Product (GDP).

    He said that projected deficit was within 3.5 per cent of GDP threshold stipulated in the Fiscal Responsibility Act (FRA) 2007.

    “Budget deficit is to be financed mainly by borrowing N2.32 trillion from domestic sources of N1.25 trillion while foreign sources will be N1.06 trillion.

    “A total of N35 billion expected as revenue from sales of government property and privatisation proceeds,” the minister said.

  • FG to ‘mainstream’ SDGs into national plans – Udoma

    FG to ‘mainstream’ SDGs into national plans – Udoma

    The Minister of Budget and National Planning, Udoma Udo Udoma, on Wednesday reiterated Nigeria’s commitment towards mainstreaming the Sustainable Development Goals (SDGs) into its national plans.

    Udoma said this at the Annual High Level Policy Dialogue on Development Planning in Africa (HLPD), with the theme: “Mainstreaming the Sustainable Development Goals into National Development Plans’’ in Abuja.

    Udoma, represented by the Permanent Secretary in the Ministry, Mrs. Fatima Mede, urged participants to promote coordination and coherence among African planners in domesticating and mainstreaming SDGs in their national plans.

    He said: “As we make efforts to mainstream the SDGs in our respective national plans, let us not forget to do same for the African-focused Agenda 2063.

    “The point of emphasis must be social development for our people, inclusive economic development for prosperity, inclusive societies and responsive institutions for peace and environmental sustainability for the planet.

    “I challenge you to think through the possible connections and synergies that can be formed across African countries in mainstreaming the SDGs in our national plans.”

    The minister expressed optimism that participants at the end of the forum would be better equipped on best approaches and tools to mainstream the SDGs into their respective national development planning processes.

    NAN

  • FG to reduce cost of fertiliser to cut down price of rice – Minister

    FG to reduce cost of fertiliser to cut down price of rice – Minister

    Minister of Budget and National Planning Udoma Udo Udoma says the Federal Government is working toward reducing the price of fertiliser to cut down the price of locally produced rice.

    The minister, who said this on Wednesday when he featured on a television current affairs programme on the 2017 Budget in Abuja, said that the Federal Government was collaborating with the Morocco Government in this regard.

    “The imported rice is coming in; most of them are subsidised and undercutting the locally produce rice, which has higher quality.

    “The problem is bringing down the price of our rice; we are trying to support rice production by bringing down the price of fertiliser because the price of inputs determines the price of output.

    “We are trying to see how we can bring down the prices of farm inputs so as to cut down the prices of local rice in the country.

    “We have an agreement with Morocco to import phosphate from the country to blend and support fertiliser production. The Federal Government is working toward strengthening all the value chains to boost productivity and improve yield.

    “The whole value chain, first of all, you have to start from the seed. One of the things that the Federal Government is doing is to support the development of seeds because high-quality seeds will engender improved production.

    “We are also working on fertiliser; what the Federal Ministry of Agriculture has done is undertaking soil analyses of all soil in the 36 states.

    “And they have been able to ascertain the blend of fertiliser that is most suitable for a particular kind of soil.

    “The farmers will now be advised on what type of fertiliser to use, so that they won’t apply fertiliser without specifications on crops as this often leads to low yield. So, we have that as part of the value chain.

    “Then, we are giving support in terms of evacuating farm produce to the market by constructing and maintaining rural roads. Most of the crops get spoilt as a result of not evacuating them to market in good time.

    “We are working on every stage of all the chain. The Federal Government is working with the state governments to achieve the objectives of this mission,’’ he said.

    Besides, Udoma said that the Federal Government was assisting farmers in the area of soft loans so as to enable them to increase their production and aid the nation’s efforts to achieve self-sufficiency in food production.

    “In addition, the Anchor Borrowers Programme of the Central Bank of Nigeria (CBN) gives loans to farmers at low, single-digit interest rate. In this manner, the government is intervening in various links of the chain to support agricultural production,’’ he said.

  • FG wants industrial status of Kano back

    Sen. Udoma Udo Udoma, Minister of Budget and National Planning, has advised the Kano State Government to restore the industrial status of the state as major commercial hub.

    Udoma gave the advice in a statement signed by his Special Adviser on Media, Mr Akpandem James, in Abuja on Tuesday.

    Udoma said this at the Second Kano Economic and Investment Summit in Kano City.

    He said that Nigerians would like to see the state returned to its former status as a major industrial and commercial hub in the country.

    The minister noted that under Gov. Abdullahi Ganduje, the State has continued to pursue economic policies and programmes aimed at improving the lives of the people, with particular emphasis on education and infrastructure development.

    “The Federal Government desires to see a quick restoration of the boom days that characterised Sharada, Bompai and other industrial estates in Kano.

    “There is no doubt that Kano’s leather craftsmen are some of the best in the world.

    “We must provide the enabling environment for the leather industry to grow and become a mark of quality recognised worldwide”, he said.

    The minister said that funds had been provided in the 2017 Federal Budget to provide infrastructure for the revival of the Free Trade Zone in Kano to stimulate industrial activity.

    He said that fund had equally been provided for the revival of the Export Expansion Grant by way of tax relief, as a further incentive to exporters.

    On the theme of the Summit, “Transforming the Economy of Kano: Turning Challenges into Opportunities”, he said it aligned with Federal Government’s effort in addressing difficulties and challenges of economy.

    “On our part, as the Federal Government, we have been working very closely with the state governments, particularly through the monthly meetings of the National Economic Council (NEC).

    “We have been working with NEC to ensure complete alignment in our economic programmes.

    “And of course, as you all know the ERGP was developed with the extensive consultations of the States.

    “This is one Federal Government that believes that we must work very closely with the states”, he said.

    Meanwhile, Former Minister of National Planning and Chairman of the Summit Planning Committee, Dr Shamsudeen Usman, decried the reluctance of Northern governors to constitute the region into a viable economic zone in spite of available resources.

    He said it was not too late to do so as other regions of the country were consolidating on the efforts they started some years ago.

    Usman was, however, optimistic that the Kano summit would ginger up activities in the state and region with the right political will.

  • Buhari absent again in FEC meeting

    Buhari absent again in FEC meeting

    Vice President Yemi Osinbajo on Wednesday presided over the Federal Executive Council (FEC) meeting at the State House Abuja.

    Wednesday’s meeting started around 11.a.m. few minutes after he arrived the Council Chamber.

    It was is the third time Osinbajo will be presiding over FEC meeting since President Muhammadu Buhari returned from medical vacation in the United Kingdom on the 10th of March.

    As part of reasons why Buhari did not attend last Wednesday meeting, the Minister of Information, Lai Mohammed, had told reporters last Wednesday that Buhari was resting and working at home.

    Unlike last week, many Ministers were in attendance during opening session of the meeting. The Chief of Staff to the President, Abba Kyari, was also in attendance.

    The Minister of the Federal Capital Territory, Mohammed Bello and the Minister of Budget and National Planning, Udoma Udo Udoma, offered the Muslim and Christian prayers, respectively.

     

  • FG’s five economic recovery plans

    FG’s five economic recovery plans

    The ‎Minister of Budget and National Planning, Udoma Udo Udoma, on Wednesday, said that the current recession in the country will end before this year runs out.

    According to him, the yet to be passed 2017 Budget has been structured to achieve the goal.

    “The five priorities areas that we have are:[quote font_size=”20″ color=”#000000″ bgcolor=”#c2d631″ bcolor=”#dd3333″ arrow=”yes”]

    • Stabilising the microeconomic environment.
    • Achieving agriculture and food security.
    • Ensuring energy sufficiency – power as well as petroleum products.
    • Improving transportation infrastructure and,
    • Driving industrialisation focusing on small and medium scale enterprises.”

    [/quote]

    [news_box style=”2″ display=”tag” tag=”Recession” count=”6″ show_more=”on”]

  • Recession will end before December – Udoma

    Recession will end before December – Udoma

    The ‎Minister of Budget and National Planning, Udoma Udo Udoma, on Wednesday, said that the current recession in the country will end before this year runs out.

    According to him, the yet to be passed 2017 Budget has been structured to achieve the goal.

    He spoke with State House correspondents at the end of the Federal Executive Council (FEC) meeting.

    He said: “Yes, we are determined to get the economy out of the recession before the end of this year‎. And the 2017 budget is structured to do just that.

    “So that is why we are anxious to get the budget passed so that we can begin the implementation and begin to take all the steps we need to get the economy out of recession,” he said

    He also disclosed that his ministry briefed the Council on the recently released National Bureau of Statistics Third Quarter GDP Report‎ and the full report on 2016.

    He added: “I also informed the council of the released of the Economic recovery Growth ‎Plan which is already on the website of the ministry of budget and national planning as well as the budget office.

    Senator-Udo-Udoma-1
    Udoma

    “We look forward to the early passage of the 2017 budget so that we can fast-track the implementation ‎of the plan. As you know the plan fed into the 2017 budget. So many of the initiatives in the plan are reflected in the budget.

    “With regards to the NBS report, as you are aware the fourth quarter of the economy contracted by 1.3 per cent which is ‎lower level of contraction than the previous year and which indicates that we are already turning and we are beginning to recover even though we are still in recession.

    “And the overall result was better than what many people projected. The IMF report had thought the GDP for 2016 was going to be -1.8 per cent and it turned out -1.5, so that’s better than expected but we are not out of the woods.

    “It is encouraging but we have to do and continue to do more to make sure that we get the economy out of the recession this year.

    “So we are encouraged but we are even more energised to put in more effort in agriculture which is doing very well to do even better. To put in more efforts in solid minerals to make sure that our infrastructure is revamped because that is what ‎will stimulate our economy if we continue in this way.

    “You saw yesterday (on Tuesday) the acting president went to break grounds for the railway from Lagos to Ibadan all the way to Kano.  As you know, the economic recovery and growth plan focuses on three objectives, one, is restoring growth and that is what we are determined to do‎.

    “Two, inviting in our people, our people are our greatest resource and three, building a competitive economy because ultimately the economy cannot do well unless it is competitive.

    “And as you know the five priorities areas that we have are:

    1. Stabilising the microeconomic environment.
    2. Achieving agriculture and food security.
    3. Ensuring energy sufficiency – power as well as petroleum products.
    4. Improving transportation infrastructure and,
    5. Driving industrialisation focusing on small and medium scale enterprises.

    “So we are determined, with this plan, to get this economy great again. We are determined that by the end of the plan to move from the negative growth that we experienced in 2016 to the growth rate of 7 percent by 2020,” he assured.

  • FG inaugurates road safety advisory council

    The Federal Government on Thursday inaugurated the National Road Safety Advisory Council (NARSAC).

    The Council is headed by Acting President Yemi Osinbajo.

    Six members of the Council are state governors from the six geopolitical zones namely Akinwunmi Ambode (Lagos), Ifeanyi Okowa (Delta), Ibrahim Dankwambo (Gombe), Nasir el-Rufai (Kaduna), Willy Obiano (Anambra) and Ahmed Abdulfattah (Kwara).

    Other members are the Secretary to the Government of the Federation (SGF), Babachir David Lawal, and some ministers including Rotimi Amaechi (Transportation), Babatunde Fashola (Power), Isaac Adewole (Health), Abubakah Malami (Justice), Adamu Adamu (Education) and Kemi Adeosun (Finance).

    Also in the Council are Amina Mohammed (Environment), Chris Ngige (Labour), Abdulraman Danbazzu (Interior), Udoma Udo Udoma (Budget and National Planning), Lai Mohammed (Information) and Bello Mohammed (FCT).

    The National Security Adviser, Babagana Mongunu, ALGON President, Ibrahim Karaje, NACCIMA President, Bassey Edem, NSE’s Otis Anyaeji and Corps Marshal of Federal Road Safety Commission, Boboye Oyeyemi.

    The Council was inaugurated by Osinbajo.

    Udoma said: ‎”The council comprises eminent citizens under the chairmanship of Acting President Yemi Osinbajo. And it is created to drive the effective implementation of the national road safety strategy.

    “The inauguration of the advisory council is in further demonstration of the commitment of the present administration to address the challenges of road traffic accidents and security of human lives in the country.”

     

     

  • Nigeria to auction N142b Treasury bills

    Nigeria to auction N142b Treasury bills

    • Eyes 7% GDP growth

    Nigeria plans to raise about N142.43 billion  ($453.60 million) in short-dated Treasury bills at an auction on Feb. 15, the Central Bank of Nigeria (CBN) said in a statement yesterday.

    The bank said it would raise N32.43 billion in three-month debt, N30 billion in six-month bills and N80 billion in one-year notes, using a Dutch auction system. Payment will be due the day after the auction.

    The country is targeting economic growth of at least seven per cent by 2020, the Ministry of Budget and National Planning said yesterday, as the government seeks to lift the country out of its first recession in 25 years.

    The target for gross domestic product (GDP) growth is part of a medium-term economic recovery plan, it said in a statement.

    “Our goal is to have an economy with low inflation, stable exchange rates, and a diversified and inclusive growth,” Minister of Budget and National Planning Udoma Udo Udoma said in the statement.

    The country issues Treasury bills to fund its budget deficit, manage banking system liquidity and curb rising inflation.

    Last week, Nigeria raised a total of N302.4 billion naira in Treasury bills, more than the N242 billion planned due to strong demand for the one-year debt. The CBN at the auction offered a yield above its benchmark interest rate to lure investors in the face of galloping inflation.