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JUST IN: FG Proposes N2.2 Trillion Supplementary Budget

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The Federal Government of Nigeria has officially approved a supplementary budget of N2.18 trillion for the fiscal year 2023. This substantial allocation is aimed at addressing critical financial requirements in several key sectors, including defense, infrastructure, and social welfare initiatives.

The Minister of Budget and Economic Planning, Abubakar Bagudu, unveiled the comprehensive details of this supplementary budget during a press briefing held at the State House following this week’s Federal Executive Council meeting at the Aso Villa.

Minister Bagudu underscored the crucial objectives of the supplementary budget, emphasizing that it is primarily designed to support urgent national priorities, notably in the areas of defense and security. A substantial portion of N605 billion has been allocated to sustain the progress achieved in national defense and security, ensuring that security agencies have the necessary resources to address pressing issues before the end of the year.

Furthermore, a significant sum of N300 billion has been earmarked for the repair and maintenance of key bridges, including the Eko and Third Mainland Bridges, as well as the construction, rehabilitation, and upkeep of various roads across the nation. These investments are intended to bolster infrastructure resilience, particularly in preparation for the upcoming rainy season.

The supplementary budget also includes an allocation of N210 billion for the disbursement of wage awards. Following negotiations with the Nigeria Labour Congress, the Federal Government has committed to providing N35,000 each to approximately 1.5 million federal employees. This financial support will cover the months of September, October, November, and December in 2023.

In addition to these provisions, N400 billion has been allocated for cash transfer payments. The Federal Government recently secured an $800 million loan from the World Bank to facilitate cash transfers of N25,000 to 15 million households. This substantial funding is earmarked for October and November, and the President has generously authorized an extra month, funded by the federal government, amounting to N100 billion.

The supplementary budget also addresses crucial areas such as agriculture, with N200 billion allocated for seed, agricultural inputs, supplies, and agricultural infrastructure to enhance production and support the sector’s growth. Another N100 billion has been allocated to the Federal Capital Territory for immediate capital expenditure infrastructure projects.

Furthermore, N18 billion has been set aside to enable the Independent National Electoral Commission (INEC) to conduct elections in Bayelsa, Kogi, and Imo. N5.5 billion has been allocated to initiate the student loans board, commencing loan disbursements in January 2024.

Other important components of the supplementary budget include N8 billion as a take-off grant for new ministries and N200 billion for capital supplementation to address pressing requests received by the President from various regions of the country.

These critical financial allocations reflect the government’s commitment to addressing immediate national needs and priorities, further enhancing security, infrastructure, and social welfare programs, and stimulating economic growth.

Stay tuned for more detailed updates as this supplementary budget unfolds

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Abuja Reports

Atoyebi Adewumi Wins 4th National Essay Competition, Beats 2,000 Contestants

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By Samson Adeyanju

Atoyebi Adewumi has emerged winner of the fourth edition of the National Essay Competition, beating more than 2,000 contestants in an intellectual contest aimed at promoting academic excellence, critical thinking and creative writing among young Nigerians.

The competition, which focused on the relevance of taxation to national development, challenged participants to examine the role of tax revenue in financing public services, stimulating economic growth and strengthening the relationship between government and citizens.

The initiative provided a platform for young Nigerians to demonstrate their writing skills, articulate informed perspectives on national issues and contribute ideas towards building a more responsible and progressive society.

Speaking after being declared winner, an elated Adewumi expressed gratitude to the convener, Foluso Sylvanus Ojo, and the organising team for providing young Nigerians with an opportunity to showcase their intellectual abilities.

“I am so glad, very, very glad, to have this privilege of emerging as the winner. I am grateful to the convener and the entire team, as well as everyone who supported this vision,” Adewumi said.

In his remarks, Ojo expressed concern over the tendency to criticise the attitudes and lifestyles of younger generations without providing adequate opportunities to nurture their talents and channel their energies towards productive pursuits.

He called on the government, corporate organisations and nongovernmental organisations to invest more in educational initiatives that promote intellectual excellence, creativity and responsible citizenship.

According to him, sustained investment in academic competitions and youth development programmes would encourage discipline, innovation and a stronger commitment to national development.

Drawing a comparison with the substantial cash prizes awarded in some reality television competitions in Nigeria, Ojo argued that students and intellectually gifted young Nigerians deserved greater recognition, financial support and encouragement.

“I believe the government should support initiatives like this because individuals need supportive hands, especially from the government. When they receive such support, they become more confident and motivated to continue their good work,” he said.

Ojo maintained that society could not continue to complain about the attitudes and lifestyles of young people without deliberately investing in programmes that encourage positive values and productive engagement.

The fourth edition of the competition also underscored the importance of tax awareness among young Nigerians, highlighting how effective taxation, transparency and accountable governance could contribute to improved infrastructure, education, healthcare and other essential public services.

Beyond celebrating the winner, the competition reinforced the need to identify, encourage and empower emerging intellectual talents capable of contributing meaningfully to Nigeria’s development.

Winner of the 5,000,000 naira

Winner of 3,000,000 naira

Winner of 2,000,000

All the participants 

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Abuja Reports

20 Finalists Begin Final Stage of National Essay Competition

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By Samson Adeyanju

Twenty finalists from across Nigeria have begun the final stage of the fourth edition of the National Essay Competition in Abuja, following an orientation session designed to prepare them for the decisive examination.

The finalists arrived in the Federal Capital Territory for a four-day, all-expenses-paid programme featuring the essay examination, institutional tours and opportunities for learning and networking.

The competition, the brainchild of Mr Foluso Ojo, is sponsored by the Nigeria Revenue Service (NRS).

Ahead of the examination, the finalists participated in an orientation session led by Professor Omotosho Borisade of Ekiti State University, who serves as the competition’s umpire.

The session familiarised participants with the competition’s rules and regulations, examination guidelines and assessment criteria, helping them understand the requirements of the final stage.

The essay examination is scheduled to begin today at 9 a.m., after which the finalists are expected to embark on institutional tours around Abuja.

The programme is designed to extend beyond the contest itself, exposing the finalists to new learning opportunities, professional connections and experiences in the nation’s capital.

The competition brings together young Nigerians to demonstrate their writing ability, knowledge, creativity and critical-thinking skills as they compete for the top honours.

With the finalists prepared for the examination, attention now turns to their performance and the eventual emergence of the competition’s champion.

 

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Pastor Ogundipe Decries Lack of Integrity Among Educated Nigerians

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By Samson Adeyanju

Pastor Alex Ogundipe, Chairman of the Governing Board of Christian Heritage International Bible College, Kubwa, Abuja, has expressed concern over the growing number of educated Nigerians who lack the character and integrity required to make meaningful contributions to society.

Ogundipe raised the concern during the matriculation ceremony of the institution’s 60 pioneer students, stressing that academic qualifications without moral discipline and upright character could undermine national development.

According to him, Nigeria has many knowledgeable and academically accomplished individuals whose inability to demonstrate integrity has negatively affected their contributions to their families, workplaces and communities.

“We have too many people in this country who are knowledgeable and wise in their own ways, but they do not have character and integrity. That affects their ability to impact their communities,” he said.

The cleric emphasised that education must go beyond the acquisition of certificates to the development of individuals who demonstrate honesty, accountability, faithfulness and commitment to serving humanity.

He explained that true integrity required consistency in personal conduct, whether at home, in the church, at work or within the larger society.

Ogundipe said the college was established not merely to impart biblical knowledge but to raise men and women whose lifestyles reflect Christian values and whose contributions would positively influence society.

He urged Christian leaders to demonstrate their faith through practical actions rather than mere religious declarations.

Speaking on Nigeria’s future, the cleric encouraged citizens to remain hopeful, pray for the country and contribute meaningfully to national peace, unity and development.

Earlier, the Rector of the institution, Pastor Samson Olukayode Aliyu, challenged the matriculating students to prioritise spiritual maturity and moral discipline alongside academic excellence.

Aliyu warned against examination malpractice, plagiarism, dishonesty and other forms of misconduct, stressing that academic certificates could demonstrate knowledge but could not substitute for good character.

“The Church does not only need gifted people; it needs godly people. We need leaders who will choose integrity over compromise, humility over pride, faithfulness over convenience and service over self-interest,” he declared.

He explained that the college offers six-month certificate programmes in theology and one-year diploma programmes in theology, leadership and prophetic studies.

One of the matriculating students, Akeem Omobolanle, who enrolled in the Diploma in Leadership programme, commended the institution’s approach to biblical education and expressed optimism that the training would strengthen his understanding of the Scriptures and prepare him for greater service in Christian ministry.

The ceremony marked the formal admission of the college’s pioneer students into its academic community.

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