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Ogun 2022 Appropriation Bill: Abiodun presents N351bn ‘Budget of Restoration’

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Ogun 2022 Appropriation Bill: Abiodun presents N351bn ‘Budget of Restoration’

Abiodun

Abiodun

IMG-20211130-WA0047 IMG-20211130-WA0045

LEKE ONANUGA (ABEOKUTA)

SPONSORED BY: H&H
Ogun State Governor, Prince Dapo Abiodun, on Tuesday presented a sum of N351bn as the proposed appropriation bill for the year 2022 before the House of Assembly.

Abiodun, while presenting the fiscal proposal christened ‘Budget of Restoration’, said the main task of his administration next year is to increase pace of the implementation of its development plan as already designed and encapsulated in the ‘Building Our Future Together’ agenda.

Adding that the budget for 2022 will also seek to sustain and improve on the gains so far made in the delivery of good governance to the people of Ogun State, Abiodun noted that the state under his watch, has begun moving very steadily towards full recovery from the effects of the COVID-19 pandemic.

He said his administration’s budget credibility as determined by performance in year 2021 was better than what Ogun has ever had in its history while noting that his administration was able to achieve 80% IGR as of September 30, 2021.

He said: “Judging from our Internally Generated Revenue, we were able to achieve 80% IGR as at 30th September of this year. A brief detail of this, indicates that out of the State IGR Budget size of N121, 806,876,775.63 this year, a sum of N73, 064,877,599.72 was generated as at Q3 September ending, translating to 80% proportional performance, as against 44% proportionate performance recorded in Q3 2020. This indicates an improved performance, owing to the digitalisation of our processes and the introduction of Central Billing System, amongst others.

“A further break down reveals that, out of a total estimation of N338.61Billion projected as total funding, comprising of expected inflows N121.81B as IGR; N58.87 Billion as Statutory Allocation/ Value Added Tax and N139.53 Billion as the Capital Receipts, respectively. As at September ending, Q3 2021, the actual total funding was N177.02 billion representing 70% of the prorated revenue target of N253.96 billion”, he stated.

The governor said that despite the economic constraints, his administration has made modest progress within the available limited resources in the outgoing year by carrying out people-oriented projects such as road re-construction and rehabilitation across the three senatorial Districts of the state; health care delivery; education sector revitalization; affordable housing projects; agricultural development; digital and technological revolution; better sports development; and, improved welfare of workers, among others.

While pointing out that three town hall meetings were held to have inputs of the people and shape the priorities of his administration in preparing the 2022 budget, Abiodun, said “the proposed appropriation bill would focus on completion of existing projects; projects with revenue potential; projects consistent with priorities articulated in the State Economic Development Strategy and projects that can enhance employment generation”.

The governor said that the estimated N350.74 billion for the year 2022 will be funded through the Ogun State Internal Revenue Service (OGIRS) expected to generate N56.30b, while other Ministries, Departments and Agencies (MDAs) estimated to generate N96.87 billion totaling N153.17 billion.

He added that N73.01b is expected from statutory allocation (FAAC and VAT), while capital receipt – internal and external loans, grants and aids – is estimated at N124.56 billion.

Abiodun, who explained further that 51 percent capital expenditure has been achieved in view of the need to drive his administration’s developmental objectives, said that recurrent expenditure for 2022 will gulp N154b, while capital an aggregate sum of N170b will made available for capital expenditure, which according to him is an increase of N10b over the sum approved for the 2021 budget.

Highlighting the proposed budget, the governor announced infrastructure to take the lion share of N77,775b, representing 22% of the total budget.

This was followed by education and health sectors with proposals of N56,071.21b and N35,073.51b, representing 16% and 10% of the total budget, respectively.

Abiodun, however, noted that N170billion allocated to capital expenditure is to chart economic recovery growth through investment in physical projects that will create enabling environment for investment, create employment and trigger redistribution of resources.

He added a total sum of N7.7b is provided for transfers to the Stabilization
Fund to insulate and position the state towards unprecedented activities or economic shocks.

The governor thanked the Ogun State House of Assembly for its continued collaboration and cooperation within the ambits of the Separation of Powers, soliciting for its unflinching support to enable the the executive and the legislature collectively deliver on their promises in the coming year.

“Let me re-emphasize that the people of Ogun State expect that the 2022 Budget will contain only implementable and critical projects, which when completed, will significantly address current structural challenges of the economy, improve the business environment and accelerate economic recovery.

“I have directed all Commissioners, Accounting Officers and Heads of Agencies to be personally available for budget defence”, he stated.

Abiodun also appreciated the Ogun people for the trust and confidence they have reposed in his administration.

“We appreciate the invaluable support, cooperation, and prayers of all stakeholders. Our gratitude goes to our political class; our revered Royal Fathers, Elder Statesmen, our Religious leaders, Development Partners, Non-Governmental Organizations (NGOs), Market Women and Men and indeed our Public Servants. We also thank our critics. As our supporters continue to motivate us, our critics are also challenging us to do more. That is the whole essence of democracy. I thank all of us”, Abiodun submitted.

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NiMet DG/CEO Anosike Tasks Staff On Transparent Processes At 2024 Budget Retreat

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NiMet DG/CEO Anosike Tasks Staff On Transparent Processes At 2024 Budget Retreat

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Director General, Chief Executive Officer of The Nigerian Meteorological Agency (NiMet), Professor Charles Anosike, has asked Directors and staff of the agency to ensure strict compliance to budgetary provisions.
Professor Anosike was speaking at the Budget Retreat of the agency on Monday, 6th May, 2024.

While declaring the retreat open, Professor Anosike said; “The NiMet Budget Retreat is fundamental for the new management and staff. It is an opportunity for us to improve our budgetary practices and also to discuss the 2024 budgetary provisions”.

Continuing, Professor Anosike tasked the Directors and senior staff of the agency who participated in the retreat to listen, participate and contribute to the robust discussions.

“Anticipated outcome of the retreat is that all will embrace performance-based budgeting which will lead to transparent and accountable budgetary processes.
This will help management and staff to achieve our set goals during the budget year, in line with the performance bond signed with the Minister of Aviation and Aerospace Development, Festus Keyamo, SAN”, Professor Anosike concluded.

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ASR AFRICA COMMENCES CONSTRUCTION OF 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR ADAMAWA UNIVERSITY

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H


The Abdul Samad Rabiu Africa Initiative (ASR Africa) commences the construction of a 500-capacity lecture theatre and wash facilities for the Adamawa State University, Mubi.

L-R: Nakama Keri, Multilateral Coordination Specialist, ASR Africa; Dr. Ubon Udoh, MD/CEO, ASR Africa; Dr. Stephen A. Lagu, Ag. Vice Chancellor, Adamama State University; Engr E. B. Filli, Director, Physical Planning & Devt., and Mallam Aminu Aliyu Alkali, Registrar at the Groundbreaking Ceremony in Mubi, Adamawa State.

This project is coming after the nomination of the institution as a recipient of the ASR Africa Tertiary Education Grant Scheme (TEGS), by the Board of Directors of the Abdul Samad Rabiu Africa Initiative.


Speaking at the event, the Acting Vice Chancellor of the University, Dr. Stephen A. Lagu, expressed his appreciation to the Chairman of BUA group and ASR Africa, Abdul Samad Rabiu, for the rare philanthropy gesture towards the university.

He stated that the intervention of the Chairman would reduce the physical infrastructure deficit at their new campus and promote sanitation and hygiene in the university.

L-R: Dr. Ubon Udoh, MD/CEO, ASR Africa and Dr. Stephen A. Lagu, Ag. Vice Chancellor Adamawa State University at the groundbreaking ceremony of the Abdul Samad Rabiu 500-capacity Lecture Hall with other facilities.

He added that the choice of the 500-seat lecture theatre with the four boreholes at different locations within the campus was identified and agreed to by the relevant organs of the institution with the ASR Africa team.


Dr Ubon Udoh (MD / CEO, ASR Africa), in his remarks, congratulated the institution for qualifying for the nomination by the Board of Directors of ASR Africa.

He stated that the rigorous selection process which includes stringent criteria such as the quality of service delivered by the university and the pedigree of graduands from the institution at the national and international levels, proves that the university is keeping up with its vision as a leading institution of learning in the region.

He encouraged the management and students to ensure proper use and maintenance of the facilities as a show of appreciation for the grant given to them.


The Tertiary Education Grant Scheme of the Abdul Samad Rabiu Africa Initiative is part of the efforts of the Chairman of BUA Group and ASR Africa, Abdul Samad Rabiu to give back to the African continent and make a lasting impact in education as a means of uplifting and restoring the dignity and lives of Africans.


About ASR Africa
ASR Africa is the brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa. 

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Seplat Energy Named Daily Independent’s Indigenous Oil & Gas Company of the Year

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… Also Emerges as The Industry’s Sustainable Energy Company for 2023

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Seplat Energy PLC, leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has clinched the Daily Independent Newspaper’s Indigenous Oil & Gas Company of the Year Award.

L-R: Publisher, The Niche Newspaper, Ikechukwu Amaechi; General Manager, Finance, Seplat Energy Plc, Adetaiwo Osindero; Manager Corporate Communications, Stanley Opara; and Associate General Counsel Corporate & Compliance, Adebowale Eboda, at the Daily Independent Newspaper Awards, where Seplat Energy was name as the Indigenous Oil & Gas Company of the Year, held in Lagos … recently.  

 The company was recognised for recording remarkable exploits in the Nigerian oil and gas sector while partnering local communities who are seen and treated as key stakeholders to its operations and overall corporate well-being through inclusive engagement models.

Speaking at the Independent Newspaper Award Ceremony held in Lagos at the weekend, the Managing Director/Editor-In-Chief of the Publication, Mr. Steve Omanufeme, said Seplat Energy was also recognised for its invaluable contributions to the Nigerian economy in many other ways since it was founded, including the supply of natural gas to the domestic market while helping to displace expensive and carbon-intensive oil based power, which dominates Nigeria’s electricity sector.

Omanufeme added: “In all of these, the Company creates direct and indirect employment, while enhancing expertise and technology across the nation’s energy value-chain.

L-R: Head of Marketing, PZ Wilmar, Chioma Mbanugo; Manager Corporate Communications, Seplat Energy Plc, Stanley Opara; and Head of Digital Marketing (B2C) Olam Grains Nigeria, Oladotun Babatunde,  during The Industry Summit & Awards, where Seplat Energy emerged as the Sustainable Energy Company of the Year, held in Lagos … recently.

“This award is to celebrate this Company that has stayed committed to its mission of leading Nigeria’s energy transition with accessible, affordable, and reliable energy that drives social and economic prosperity.”

The award ceremony was attended by leaders across industries in Nigeria, regulators, politicians, and other government leaders. Seplat Energy was represented at the event by General Manager, Finance, Adetaiwo Osindero; Associate General Counsel Corporate & Compliance, Adebowale Eboda; and Manager Corporate Communications, Stanley Opara.

In a related development, The Industry Newspaper at its 2024 Summit and Awards, also announced Seplat Energy as the Sustainable Energy Company of the Year whilst its Director, External Affairs & Social Performance, Chioma Afe, was honoured as the 2023 Industry Pathfinder in Sustainability (Corporate).

The Publication noted that Seplat Energy has demonstrated the capacity to be responsible and adhering to the ethics of the business during the period under review.

Responding to the awards by Daily Independent and The Industry Newspapers, Seplat Energy thanked the publications for the recognition and commended them for their display of professionalism, tact and commitment to developmental reportage over the years.

The company thus reemphasized its resolve to leading energy transition in Nigeria with strong focus on the environment, communities and governance frameworks.  

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