Connect with us

Headlines

Soludo signs revised budget of N170bn, borrows N100bn

Published

on

Gov. Chukwuma Soludo of Anambra State has signed the revised budget of N170 billion into law.

Soludo said that the budget christened; “Building off from the Blocks”, fell short of N250 billion, estimated as the amount required in building critical infrastructure in the state.

Mr Christian Aburime, Press Secretary to Soludo, who disclosed this in a statement on Friday, said the governor commended the Anambra lawmakers for being diligent, responsible and responsive.

Advertisement

While commending the speedy passage of the budget, the governor called for stronger synergy between the legislature and other arms of government.

“There were no underhand dealings in signing the budget, rather the process was conducted with integrity, patriotism and responsiveness,” he said.

Soludo said though the resources at the government’s disposal were abysmally lean, and earnings from the oil sector were so low, his administration would bridge the deficit through multiple strategies, including cutting down on expenditure and prudent procurement process.

Advertisement

The governor said he obtained the approval to borrow N100 billion to boost available finances, for effective execution of the budget.

Soludo thanked the State House of Assembly members for understanding the exigencies in the borrowing plan and promised that the money would be spent on critical infrastructure.

“Not all the borrowed money will be spent this year; it will be re-fenced and used for critical infrastructure development, particularly in building roads, bridges and others.

Advertisement

“There will be absolute prudence in making sure the people of Anambra get value for the money borrowed, and every kobo judiciously used to create wealth.

“My administration is currently cleaning up the state wage bill and the payroll system,” he said.

The governor thanked the people of the state for their support and sacrifices through payment of their taxes and other civic duties.

Advertisement

(NAN)

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Benue IDPs block highway, demand return to ancestral homes

Published

on

Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.

The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.

The protest caused disruption, leaving hundreds of motorists and passengers stranded.

Advertisement

Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.

“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.

Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.

Advertisement

Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.

Continue Reading

Headlines

NNPCL reveals decision not to sell Port Harcourt refinery

Published

on

The Nigerian National Petroleum Company Limited, NNPCL has officially decided not to sell the Port Harcourt Refining Company.

NNPCL has, instead said it is committed to conducting an extensive rehabilitation of the facility and ensuring its continued operation.

During a company-wide town hall meeting held at the NNPC Towers in Abuja, Bayo Ojulari, the Group Chief Executive Officer of NNPC Ltd, announced the decision regarding the future of the nation’s most significant state-owned refining asset, putting an end to weeks of speculation.

Advertisement

A statement by NNPCL reads, “The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.

“The ongoing review indicates that the earlier decision to operate the Port Harcourt refinery, before full completion of its rehabilitation, was ill-informed and subcommercial.

”Although progress is being made on all three, the emerging outlook calls for more advanced technical partnerships to complete and high-grade the rehabilitation of the Port Harcourt refinery.

Advertisement

”Thus, selling is highly unlikely as it would lead to further value erosion.”

Continue Reading

Headlines

Tinubu appoints Olumode Adeyemi as Federal Fire Service boss

Published

on

President Bola Tinubu has approved the appointment of Adeyemi Olumode, as the new Federal Fire Service, FFS, Controller-General.

The appointment was announced on Wednesday on behalf of the Federal Government by retired Maj.-Gen Abdulmalik Jubril, Secretary of the Civil, Defence, Correctional, Fire and Immigration Services Board, CDCFIB.

Jubril said the appointment followed the retirement of the current Controller-General, Abdulganiyu Jaji, on August 13.

Advertisement

Jaji is retiring upon attaining the age of 60 by August 13.

Jibril further disclosed said that Adeyemi Olumode is qualified for the position, having attended and passed all mandatory in-service training, Command courses as well as other courses within and outside the country.

“He brings a wealth of experience to his new role, having transferred his service from the FCT Fire Service to the Federal Fire Service and grown to the rank of DCG in the Human Resource Directorate of the Service Headquarters.

Advertisement

“He has served in various capacities and is equally a member/fellow of the following professional associations including Association of National Accountants of Nigeria, ANAN, Institute of Corporate Administration of Nigeria, Institute of Public Administration of Nigeria and Chartered Institute of Treasury Management of Nigeria.”

Continue Reading

You May Like

Copyright © 2025 Acces News Magazine - All Right Reserved.

Verified by MonsterInsights