News
Ogun 2022 Appropriation Bill: Abiodun presents N351bn ‘Budget of Restoration’
Ogun 2022 Appropriation Bill: Abiodun presents N351bn ‘Budget of Restoration’
Abiodun
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.
News
Pernod Ricard’s CEO for Africa and Middle East Visits Nigeria, Reinforcing Market Commitment Amidst Dynamic Landscape
Pernod Ricard’s CEO for Africa and Middle East Visits Nigeria, Reinforcing Market Commitment Amidst Dynamic Landscape
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Pernod Ricard, the world’s second-largest wine and spirits company, reaffirmed its dedication to Nigeria’s thriving market through a recent visit by Africa and Middle East CEO, Selcuk Tumay, accompanied by Chief Financial Officer Africa, Nevzat Akkiz, and Managing Director Africa, Sola Oke.
Pernod Ricard’s Africa and Middle East CEO, Selçuk Tümay (center), with Pernod Ricard Nigeria Management Team, MD, Pernod Ricard Africa and CFO, Pernod Ricard Africa and Middle East, Nevzat Akkız, during the recent visit of Selçuk Tümay to Pernod Ricard Nigeria.
The visit began with a business review at Pernod Ricard’s Lagos office, assessing regional performance and strategic planning. A “Meet and Greet” session recognized local employees’ talents, fostering conviviality.
An immersion into the Nigeria’s vibrant retail landscape followed with an open market visit to Oke-Arin Market, guiding discussions on adapting marketing strategies. Retail partnerships were reinforced by visits to top stores, enhancing in-store experiences. At night-time, On-trade visits showcased Pernod Ricard’s premium offerings. The Key Distributors were not left out during the visits. These visits underscored collaborative relationships for a brighter future.
Selcuk Tumay stated, “Despite Nigeria’s complexities, especially foreign exchange volatility, we are optimistic. Adapting strategies will drive growth, support local partners and deliver exceptional consumer experiences.”
Exploring operational excellence: Pernod Ricard’s Africa and Middle East CEO, Selçuk Tümay, during a recent visit to Pernod Ricard Nigeria’s warehouse.
Building on success in Turkey and the Middle East, where innovative marketing and strategic partnerships fuelled double-digit growth, Pernod Ricard applies these learnings to Nigeria.
“We can leverage Turkey’s and the Middle East’s successes and best practices to navigate Nigeria’s challenges and unlock opportunities,” added Selcuk.
News
SUNU Nigeria’s Free Mammogram/Breast cancer Screening Receives Positive FeedbackSUNU Nigeria
SUNU Nigeria’s Free Mammogram/Breast cancer Screening Receives Positive FeedbackSUNU Nigeria –
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
SUNU Assurances Nigeria Plc, a leading insurance company and SUNU Health Nigeria Limited, a reputable health maintenance organization (HMO) in Nigeria, has received overwhelming positive feedback from beneficiaries of its recent free 3D mammogram-breast cancer screening initiative.
The program was launched to raise awareness about breast cancer and provide early detection services, was widely lauded by participants.As gathered, SUNU Nigeria remains committed to promoting preventive healthcare and empowering women.
Through the offering of free breast cancer screenings, the company aims to reduce the burden of breast cancer and improve the overall health and well-being of Nigerian women.
The initiative, which took place at DIAMED Centre, located at heart of Lekki, Lagos, attracted a large number of women from diverse backgrounds.
The screening process, which included mammograms and clinical breast examinations, was conducted by experienced medical professionals.Mrs Ajayi Funmilola, one of the 100 women who benefited from the screening exercise expressed her gratitude to the company.
“I’m so grateful to SUNU Nigeria for providing this free advanced mammogram screening. Of course, early detection is key, and this initiative has given me peace of mind.
Thank you for prioritizing women’s health”.Another beneficiary, Arogudade Feyisayo said, “The 3D mammogram screening offered by SUNU Nigeria was a game-changer.
It was a quick, painless, and thorough experience. I’m incredibly grateful for this opportunity to benefit from this initiative, I hope the company continue to be productive as they continue and increase the tempo in the future”.
“I’m incredibly happy to have had the opportunity to undergo a free 3D mammogram screening. It’s heartwarming to see a company like SUNU Nigeria prioritizing women’s health. May God continue to bless and prosper your organization,” commented Mrs. Olabisi Ajayi.
Commenting on the initiative, Mrs. Yusuf Japari, Head of Corporate Services at SUNU Assurances Nigeria Plc, highlighted the importance of corporate social responsibility, stating that the free mammogram screening is just one example of the company’s commitment to improving public health.
Mrs Yusuf stated, “At SUNU Nigeria, we believe in giving back to the community. By providing free 3D mammogram screenings, we’re not just offering healthcare; we’re empowering women to prioritize their health and well-being.
We are committed to continuing these initiatives to improve public health.”Dr. (Mrs.) Abiola Olorode, CEO of Diamed Centre stated that her facility is proud to partner with SUNU Nigeria to offer free breast cancer screenings during Breast Cancer Awareness Month. “By joining forces, we aim to promote early detection, educate women about breast cancer prevention, and ultimately save lives. We thank SUNU Nigeria for their commitment to improving public health and for sharing our vision of a healthier future.” SUNU Nigeria, encompassing SUNU Assurances and SUNU Health, is dedicated to improving as well as adding comfort to the lives of Nigerians.
SUNU Assurances offers reliable insurance coverage, while SUNU Health provides cost-effective healthcare solutions.
News
Celebrate the Spirit of Christmas in Style This Season at Transcorp Hilton Abuja
Celebrate the Spirit of Christmas in Style This Season at Transcorp Hilton Abuja
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
As December approaches, there is a buzz in the air, and people everywhere are starting to feel the magic of Christmas. Streets are filled with lights, homes are filled with vibrant decorations, and family plans for the holidays are well underway.
For those looking to truly immerse themselves in the festive spirit this year, Transcorp Hilton Abuja promises to be a holiday destination like no other, subtly transforming into a Christmas haven.
A Festive Transformation Like No Other
The Christmas season always brings with it a sense of warmth and celebration, and stepping into Transcorp Hilton Abuja this December will be like entering a world of Christmas magic. Visitors will be met with dazzling lights, shimmering ornaments, and beautifully crafted décor designed to spark joy and create a sense of wonder. The festive transformation at Transcorp Hilton Abuja is a nod to the holiday spirit, crafted to make guests feel like they’re part of something truly special.
Holiday Feasts with a Festive Twist
No Christmas experience is complete without a delicious spread, and Transcorp Hilton Abuja is ready to bring out the best of both traditional and contemporary festive flavours. This year’s holiday buffet will offer an array of treats, perfect for those who appreciate a hearty meal that captures the season’s spirit. The hotel’s talented chefs have worked tirelessly to prepare a Christmas dining experience that is both memorable and fitting for any holiday celebration.
Activities for Family & Friends to Enjoy Together
Christmas is a time for family, and the holiday lineup at Transcorp Hilton Abuja will include activities that bring everyone closer together. From cheerful carol singing to hands-on experiences like bead-making and festive games for kids, there’s something for everyone. With special appearances by Santa Claus, children can look forward to joyful surprises, making Transcorp Hilton Abuja a wonderful setting for families to make memories together.
Moments to Unwind in Holiday Comfort
For those looking to escape the holiday rush and unwind, Transcorp Hilton Abuja also offers spaces designed for pure relaxation. With accommodations overlooking Abuja’s skyline and a holiday-themed spa offering rejuvenating treatments, guests can relax and recharge before rejoining the celebrations. The tranquil atmosphere of the hotel provides the perfect balance to the holiday excitement.
Ring in the New Year with Elegance
As 2025 approaches, Transcorp Hilton Abuja invites everyone to ring in the new year in style with its New Year’s Eve Gala and New Year Countdown, making way for fresh starts and new memories.
Join the Celebration at Transcorp Hilton Abuja
This season, the warmth, joy, and traditions of Christmas come alive at Transcorp Hilton Abuja, a place ready to welcome all who wish to make this holiday season unforgettable. Whether you are looking for a festive family retreat, a romantic getaway, or a joyful celebration with friends, this is a destination crafted to capture the essence of Christmas.
This December, let the spirit of the season come alive—celebrate in the heart of Abuja, where every moment is filled with the magic of Christmax
-
News6 years agoBreaking: ‘Penalty’ Crooner Small Doctor Caught in Possession of Fire Arms
-
News6 years agoPDP Set To Cause Panic Days To Polls: FG
-
News6 years agoTiffany Trump Is Dating a Millionaire Michael Boulos From Nigeria
-
News6 years agoINEC Engages EFCC, FIU In Tracking Campaign Funding
-
Politics6 years agoPDP Alleges Plot by APC, Presidency to Detain Its Leaders
-
Politics6 years agoOsinbajo Has Betrayed Yorubas, Says Afenifere
-
Politics6 years agoMuslim-Muslim Ticket: I Am Proud Of My Role In Stopping Tinubu – Saraki
-
News3 years ago
INEC Publish Final List of Candidates For 2022 Osun Governorship Poll