Tag Archives: Spend

Reps Authorise Buhari To Spend N208 Billion On New Projects

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The House of Representatives has increased the N180 billion virement sought for by President Muhammadu Buhari to fund critical recurrent and capital items by N28 billion, taking it to N208.821 billion.

The president had written the National Assembly on October 26, seeking the approval of the legislature to vire N180.8 billion from the funds appropriated for special intervention in the 2019 budget.

Virement allows the government to transfer funds to new subheads different from what was approved.

The intervention is to fund critical recurrent and capital items.

The report of the House Committee on Appropriation was presented to the House on Wednesday by its Chairman, Mustapha Dawaki (APC- Kano).

The report showed that the request for the Ministry of Foreign Affairs (foreign missions), increased from N14billion to N16.34 billion.

Also, increased was the request for statutory transfer (Public Complaints Commission), which was increased from N1.2 billion to N2.5 billion. All other items were retained as requested.

While presenting the report to on Thursday, Mr. Dawaki disclosed said the committee met with those relevant to the proposal.

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FG To Spend $150m On Rural Electrification Projects- Fashola

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The Federal Government on Wednesday expressed its readiness to spend 150 million dollars on the rural electrification.

Mr Babtunde Fashola, the Minster of Power, Works and Housing, disclosed this in Abuja at a business forum on ‘’Financing Opportunities in the Nigerian Power Sector’’

He said government would use 44 tertiary institutions and small hydro dams in the rural areas as anchors for the electrification programme.

Fashola said the money would be deployed towards providing Independent Power Plants (IPPs) to supply electricity to tertiary institutions and rural communities.

He said that 37 out of the 44 tertiary institutions audited for the project were universities, while seven were teaching hospitals.

The minister said government would deploy 37 IPPs made up of nine gas plants and 28 solar plants with a combined generation capacity of 120 megawatts to power all the universities.

According to him, the 37 IPPs will replace 1,105 generators that were hitherto serving the institutions and generating 210 MW of inefficient and unclean energy.

He said the amount would cover capital expenditure, operations and maintenance.

On financing opportunities in the Nation’s power sector, Fashola, emphasised the need for financing and liquidity stability in the sector.

He said the Distribution Companies (DisCos) required financing for the supply of meters, upgrading distribution equipment like transformers, ring mains units, feeders for DisCos and funding, especially in foreign exchange.

For the GenCos, the minister said adequate liquidity was acquired to procure turbines, parts and accessories which were largely imported.

“They (DisCos) need a lot of operating capital to buy meters, to change transformers that are old, to extend access to their customers, to replace transformers and so on and so forth. They need operational capital and they need it in the mix of foreign exchange because some of the things they want to buy are not made in Nigeria and there are some made in Nigeria”.

Fashola said investment in the GenCos was also profitable, saying that when the market settled and stabilised, the return would be marvellous.

He said the Transmission Company of Nigeria (TCN) would benefit from the financing of its grid expansion programme if it could present a detailed prospect plan that would demonstrate investment needs and return potential.

The minister said that solar, coal, and other energy suppliers required investment to finance the acquisition of photovoltaic panels, heavy duty equipment and related machines not made in Nigeria.

Fashola said Nigeria Buck Electricity Trader (NBET), a government-owned company, was planning to raise a bond for investors to buy into it.

On the financing opportunities in rural electrification, he said: “there exists a list of endless possibilities and opportunities for investment in the nation’s power sector.’’

Credit:

http://guardian.ng/news/fg-to-spend-150m-on-rural-electrification-projects-says-fashola/

#Calais: Stranded Children Spend Night In Derelict Camp

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Dozens of children were forced to spend the night in a partially demolished migrant camp in Calais after French authorities failed to find them a safe space to stay, aid groups said Friday.

Work to empty and demolish The Jungle migrant camp began Monday — but as of Thursday, approximately 100 unaccompanied minors remained at the camp with nowhere to go.
Chaotic scenes unfolded outside the camp as the day wore on, with riot police barring entry to the camp and the authorities threatening that anyone who hadn’t been registered could be taken into custody.
Aid workers who waited with teenagers who hadn’t managed to register during the week because of long lines said they had finally been allowed back into what remained of the ramshackle camp to sleep.
The minors were permitted to stay in the makeshift school and mosque on the outskirts of The Jungle, Alexandra Simmons, of the charity Care4Calais, told CNN on Friday. Some had already spent the previous night sleeping rough at the camp.
Clare Moseley, founder of Care4Calais, told CNN via email: “School quiet this morning. Children given food and drink. Some have wandered off into the camp or elsewhere which is exactly what we feared.”
She said the police had come to the site and asked for a headcount, which was 106 children and nine adults.
The police chief said he was going to ask the Calais authorities for a bus to take the children to one of the temporary accommodation centers where adults from the camp have already been taken, she said.
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Kaduna To Spend N2.55bn On Drones, CCTV

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The Kaduna State Government has earmarked over N2.55bn to procure CCTV cameras and drones, to provide adequate security cover in the state in 2017.

More than N1.5 billion of the amount was earmarked for the procurement and installation of CCTV cameras in strategic areas of the state, to reduce crime.

The figure is contained in the state’s 2017 budget document currently before the state House of Assembly.

He said, “The N1.5 billion is for procurement and distribution of CCTV cameras for monitoring and surveillance towards reducing criminal activities within the metropolis and securing the state.”

The government has also allocated N265m for the procurement of drones “to identify locations of armed bandits in forest reserves across the state.”

The document indicated that the government would also spend N193.6m to secure the state from the menace of kidnappers.

It said the money would be used to procure “geo-position interceptor and location of GSM, UMTS system to check trends, intercept and locate kidnappers’ GSM calls.”

The government also plans to spend N600m in 2017 to set up a forensic laboratory, to assist in determining substantial evidence in cases that had proved difficult to solve in the past.

Credit: NAN

We Spend N475m Monthly Fuelling Jets Combating Boko Haram- Air Force

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The Nigerian Air Force (NAF) spends N475 million monthly to fuel its fighter jets and transport planes to fight Boko Haram.
The Chief of Air Staff, Air Marshal Sadique Abubakar, said in Lagos yesterday that the force uses 1.9 million litres of aviation fuel monthly to fly missions in the North-East, the hotbed of Boko Haram insurgency. Aviation fuel sells for N250 per litres, meaning that at least, N475 million is spent on a monthly basis.
He spoke during the opening of the 2016 Logistics seminar organsed by the NAF’s Logistics Command.
Giving other breakdown, he said: “So we are talking of about 10, 000 litres just for one aircraft time. We have so many other airplanes like the Alpha jets which consume 2, 400 litres per hour. They also fly in formation and that means about 4, 800 litres a day. There are other planes that fly on a daily basis.”
Air Marshal Abubakar said to ensure  the force build capacity in logistics planning, the hierarchy of the NAF has embarked on training and retraining of its personnel within and outside Nigeria, especially as logistics play a very vital role in the success or failure of military operations.
He said the NAF has consistently sought ways of standardising her logistics procedures and operations in line with current global best practices.
While explaining that the Air Force must put together a carefully planned strategy not only for the movement of equipment and personnel to the theatre of war, the NAF chief said this was important if the current security challenges  must be properly addressed.
He said: “It is only when we get the strategy right that we can hope to effectively and efficiently deploy air power necessary for addressing the challenges facing Nigeria. To support air operations in the North-East, the NAF must put an excellent plan that will ensure availability of aviation fuel in the operational area.

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http://sunnewsonline.com/boko-haram-we-spend-n475m-monthly-to-fuel-jets-air-force/

Kwara To Spend N3.8bn On Varsity’s Upgrade

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Kwara State Government is to spend N1.8billion on capital projects in its university; Kwara State University, while another N2 billion will be spent on two other campuses of the institution.

Commissioner for Tertiary Education, Science and Technology, Dr. (Mrs.) Aminat Ahmed, who made this known yesterday in Ilorin said a sum of N181.4million has been spent on the ongoing Engineering block project in the university.

Also, a sum of N60million was spent in the university to accredit 8 Engineering courses with the Council for Registation of Engineers in Nigeria, COREN, and the Nigerian Universities Commission, NUC.

Credit: Nationalmirror

Total Sum Buhari Will Spend Running State House Compared To Jonathan- Report

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President Muhammadu Buhari will spend N18.1 billion in 2016 to run the State House, Nigeria’s seat of power, an amount that is N11.5 billion more than what his predecessor, Goodluck Jonathan, spent in 2015.

The amount is also N5.9 billion more than what Mr. Jonathan spent in 2014 on the State House,  according to the details of the 2016 budget.

Mr. Buhari will, however, reduce the cost of feeding for the first and second families, when compared to what the Jonathan administration spent in previous years.

Mr. Buhari presented a N6.08 trillion budget to the National Assembly last week, promising more jobs, economic growth and a cut-down on frivolous spending. But details of the budget show that the State House will cumulatively receive N18.1 billion in 2016.

In 2014, Mr. Jonathan spent N12.2 billion on the State House, while in 2015, the government spent N6.6 billion for the presidential office, amid dwindling revenue occasioned by sliding oil prices.

The costs cover the State House Headquarters, the president’s office and the office of Vice President Yemi Osinbajo. They also cover the budgets of the State House medical centre and the Lagos Liaison office.

Credit: PremiumTimes

World Bank To Spend $50 Million On Water Projects In Ekiti

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World Bank says it will expend $50 million (about 10bn naira) on water projects in Ekiti State.

The leader of the World Bank team on the water project, Mr Pier Mantovani stated this when he led a delegation to the Governor’s Office in Ado Ekiti on Thursday.

Mr Mantovani said that state government would contribute $5 million as counterpart fund towards the project and such project, if fully completed, would give people access to portable water.

Responding, Ekiti State Governor, Mr Ayodele Fayose described the project as a welcome development, calling on the World Bank team to carry the state government along while executing the project.

Credit: ChannelsTV

Mother & Daughter Spend $63,000 On Matching Plastic Surgery (WATCH VIDEO)

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Georgina and Kayla are a mother/daughter duo from the U.K. who’ve undergone 56,000 euros’ (more than $63,000) worth of cosmetic surgery to look like British model Katie Price.

In a video from News Dog Media, Kayla, 20, explains she began stripping at the age of 17, and through her work, met a sugar daddy who began giving her a weekly stipend. She put that money toward her surgeries and her mother’s. “I don’t mind Kayla having a sugar daddy or stripping to pay for plastic surgery because we’re living the dream,” Georgina, 38, explains. “Yeah,” Kayla agrees. “We look how we want to look.”

 

Credit: cosmopolitan

Adamawa To Spend N200m To Rehabilitate IDPs

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Adamawa State governor, Umar Jubrilla Bindow, has unveiled a N200 million plan to rehabilitate internally displaced persons (DPS), who are at the receiving end of the insurgency in the North-East states. The state currently hosts Nigeria’s largest population of IDPs, mostly from Borno and Yobe sates.

Speaking with newsmen yesterday in Abuja, Governor Bindow said his administration had announced the setting up of a N200 million security budget, of which over N50 million would form a part of the state’s internal contribution to co-funding counter-insurgency operations, aided by local vigilante and intelligence gathering, while about N50 million would go into helping to manage the internal refugee crisis.

Part of the funds, according to the governor, would be directly managed by organisations, which, until now, had been helping to provide community-based restoration and rehabilitation of victims of the insurgency, independent of the government.

He said his administration’s decision to partner local and religious organisations was informed by its conviction that they were closer to the people at the grassroots, making them valuable partners in local security response and post-incident recovery.

Governor Bindow said: “The country is facing a guerrilla-style insurgency, which is different from conventional warfare.”

Read More: sunnewsonline