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Ajimobi proposes N267.4b, Ortom budgets N178b for 2018

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Abiola Ajimobi of Oyo State
  • Ajimobi proposes N267.4b, Ortom budgets N178b for 2018

Governor Abiola Ajimobi yesterday presented the 2018 budget of N267, 436,357,912.19 to the state House of Assembly.

The “Budget of Stabilisation,” was N60.4b higher than the 2017 budget, which stood at N207billion.

According to the proposal, the revenue was based on N93.68billion from the federation account, N7.53billion from transfers (LG, JAAC for LGSPD and LGSC), and N112.10billion from Internally Generated Revenue (IGR), as well as increase of four per cent from the 2017 budget.

While the total recurrent revenue was fixed at N213.3billion, the capital receipt was put at N43.72billion.

He said N39.84billion would be spent on personnel cost, N25.24billion on overhead cost and N53.28billion on the consolidated revenue.

In all, while the total recurrent expenditure stands at N118.37billion, the capital expenditure was put at N149.1billion.

Ajimobi said N85.39b would be committed to the economic sector, N54.280b to the social service, N.517b to law and justice, and N5.94b to general administration.

In Benue State, Governor Samuel also presented a budget of N178, 377,811,608 to the state House of Assembly.

Tagged: “Rural Transformation and Consolidation Budget,” it is about N5 billion lower than the 2017 appropriation.

According to the governor, the budget was based on his administration’s blueprint: “Our Collective Vision for a New Benue.”

He also hinged it on the 10-Year Development Plan and the International Public Sector Accounting Standards.

Ortom said the appropriation would engender transparency, accountability and good governance towards delivering the dividends of democracy to the people.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya

Government

COVID-19: EU Restricts Nigerians From Entering Europe After Infecting them

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European Union Excludes Nigerian from 54 Nations that Can Enter the Region

The European Union (EU) has excluded Nigeria from the list of 54 nations that will be allowed to enter the region when it eventually opens its external borders in July.

In a statement published on schengenvisainfo.com, the union listed the 54 countries as Albania, Algeria, Andorra, Angola, Australia, Bahamas, Bhutan, Bosnia and Herzegovina, Canada, China, Costa Rica, Cuba, Democratic People’s Republic of Korea, Dominica, Egypt, Ethiopia, Georgia, Guyana and India.

Others are Indonesia, Jamaica, Japan, Kazakhstan, Kosovo, Lebanon, Mauritius, Monaco, Mongolia, Montenegro, Morocco Mozambique, Myanmar, Namibia, New Zealand, Nicaragua, Palau, Paraguay, Rwanda, Saint Lucia, Serbia, South Korea, Tajikistan, Thailand, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, Uruguay, Uzbekistan, Vatican City, Venezuela, Vietnam and Zambia.

While China, the outbreak nation, South Korea and Japan, two of the most affected nations in the world, will be allowed to enter the Euro-area when external borders reopen in July, Nigeria with fewer cases of COVID-19 has been excluded from the list despite an Italian businessman been the index case.

The Italian businessman had traveled to Nigeria in February 2020 and tested positive to COVID-19 on February 27 after interacting with Nigerians that came in contact with him.

The Nigerian government had allowed citizens of Euro-area to travel into the country despite the rising number of new cases in the region, especially in Italy, France and Germany. However, the revise is the case now, even with Nigeria addressing the situation started by the European Union.

Eric Mamer, the spokesman for the commission, said “The European Union has an internal process to determine from which countries it would be safe to accept travellers.”

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FG Test-Runs Nnamdi Azikiwe, Lagos Airport Ahead of Flight Operations

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Aero Contractors Airlines

FG Test-Runs Nnamdi Azikiwe, Lagos Airport Ahead of Flight Operations

The Federal Government on Saturday conducted a test-run of the Nnamdi Azikiwe International Airport and the Murtala Muhammed International Airport ahead of commercial flight operations following months of lockdown due to COVID-19.

In line with safety protocols, passengers will be duly screened to protect them and the cabin crew.

According to the News Agency of Nigeria (NAN), provisions were made for hand wash and alcohol-based sanitisers, there were temperature checks, as well as strict compliance to social distancing of about one metre.

Also, the Federal Government has acquired robots to process passengers at the departure hall, according to NTA news.

robot 2

These robots were reportedly tested in Lagos earlier this morning.

robot

It would be recalled that Air Peace had flown 25 empty planes from Lagos to Abuja, Port Harcourt and back to Lagos to ascertain their working condition ahead of flight resumption.

The airline spokesperson, Stanley Olisa, stated on Thursday.

He said, “All the aircraft took to the skies flying to Abuja, Port Harcourt and back to Lagos without passengers.”

Speaking on the airline readiness, Olisa said “We have been operating ‘special flights’ to local and international destinations, and we have more of such flights in the works.

“This accentuates our preparedness for operation restart as our pilots, cabin crew and engineers have been hands-on and are current. So, we are 100 per cent ready to resume.”

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Oxford University Commences First Human Trials of COVID-19 Vaccine in South Africa

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Coronavirus 1

Oxford University Commences First Human Trials of COVID-19 Vaccine in South Africa

Oxford University in Partner with the University of Witwatersrand has rolled out the first human trials of COVID-19 vaccine in Africa in South Africa.

The trials that started on Wednesday will consist of 2,000 volunteers between the age of 18 to 65 years, this will include HIV positive patients. Together they will be administered the vaccine and monitored for 12 months to evaluate how well the vaccine protects them against COVID-19.

Shabir Madhi, a professor of vaccinology at Wits University and leader of the trial said, “Once 60% of the population, especially the adult population, becomes immune, we expect that effective reproductive rate to go under 1, which basically means the virus will still be around, it will still circulate, but its chain of transmission has been interrupted.”

South Africa is now the second country after Brazil to take part in the trial outside the United Kingdom where 4,000 people had previously volunteered.

The ChAdOx1 nCoV-19 vaccine, also known as AZD1222, was developed by Oxford University scientists, that are now working with AstraZeneca on development and production.

The trial has created a mixed feeling among Africans following decades of using Africans as guinea pigs for new medical trials.

Junior Mhlongo, a volunteer who received the vaccine at a hospital in Johannesburg, said: “I feel a little bit scared, but I want to know what is going on with this vaccine so that I can tell my friends and others.”

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