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El-Rufai Target N24.9Bn VAT As Kaduna State Budgets N233Bn For 2022

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El-Rufai Targets N24.9Bn VAT As Kaduna State Budgets N233Bn For 2022

Gov. Nasir El-Rufai of Kaduna State, says the state expects an internally generated revenue of N67.26 billion and N24.9 billion Value Added Tax (VAT) which will be used to partly finance the state’s 2022 budget of N233 billion.

The governor made the disclosure while presenting the 2022 draft budget to the State House of Assembly on Tuesday.

He indicated that the budget has a capital expenditure of N146 billion and recurrent spending of N87.6 billion.

READ ALSO: Gov. Ganduje Sacks Chairman NNPC Pipeline Project Over Poor Performance

The governor said the government expected N54.19 billion from the Federation Account and N500 million for COVID-19 response.

He added that the government would borrow N19.8 billion from local and external sources, raise N34.08 billion from grants, and N500 million from the sale of government assets, among others.

Giving a sectoral breakdown of the budget, El-Rufai said agriculture was allocated N1.79 billion; Business, Innovation, and Technology, N3.72 billion; Housing and Urban Development, N9.34 billion; Public Works and Infrastructure, N36.97 billion.

Also, Education was allocated the highest vote of N44.68 billion; Health, N22.76 billion and Social Development, N690.52 million.

He said that the government had earmarked N2.98 billion to Environment and Natural Resources; N4.99 billion for Water, and N18.13 billion for general administration.

He explained that the budget has capital to recurrent ratio of 63-37 percent.

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Bayelsa Govt. To Borrow N43.57Bn To Complete 2022 Budget As Debt Grows To N169Bn

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Bayelsa Govt. To Borrow N43.57Bn To Complete 2022 Budget As Debt Grows To N169Bn

The Bayelsa government plans to borrow N43.57 billion to augment the N310.7 billion proposed for the 2022 fiscal year as the state’s debt profile hits N169 billion.

The borrowing plan is contained in the 2022 Appropriation Bill of Bayelsa.

Checks on official records indicate that the debt grew following the recent approval granted by the state house of Assembly to Governor Douye Diri to obtain an additional loan of N18.7 billion.

READ ALSO: Is Femi Otedola Planning First Bank Takeover?

According to data obtained from the website of the Debt Management Office, Bayelsa’s debt profile as of June 2021 stood at over N150.60 billion, up from the N123 billion inherited on assumption of office in Feb. 2020.

On Oct 20, Diri presented the 2022 Appropriation Bill to the Bayelsa House of Assembly which subsequently sent it to its Committee on Appropriation for legislative action.

The 2022 appropriation bill, currently under consideration by the Appropriation Committee of the house, puts the running cost of governance at N70.56 billion, some 22 percent of the budget.

The state has set aside N61.75 billion for debt servicing and repayments.

Diri, in a letter to the assembly seeking the legislators’ consent for the borrowing plan, explained that the N18.7 billion loan “is a Federal Government bridging facility to cushion the effect of repayment of intervention facilities by the state government.”

The governor said the loan has a 30-year tenure and will enable the state government to meet its financial obligations.

It will be recalled that on October 6, the assembly approved Diri’s request to restructure existing loans obtained by the state government from commercial banks to free more resources for ongoing projects.

The approval was the second time in 16 months that the assembly would grant Diri’s request to renegotiate and restructure outstanding commercial bank loans following a similar approval in June 2020.

The N18.7 billion is the fourth in the series of loans that the Diri administration has taken following the nod of the 24-member house to collect since it was inaugurated on February 14, 2020.

Barely two weeks in office, in March 2020, the government took a loan of N2.9 billion to purchase cars for the governor and the deputy governor as well as for top government officials.

Also in November 2020, the government borrowed N17 billion from multiple sources and secured another N3.5 billion loan in December of the same year. 

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Suspected Bandits’ Informants Killed In Kaduna State

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Suspected Bandits' Informants Killed In Kaduna State

Gov. Nasiru El-Rufai has directed security agencies to investigate the lynching of three suspected bandits’ informants in Zangon Aya village, Igabi Local Government Area of the state.

The Commissioner for Internal Security and Home Affairs, Mr. Samuel Aruwan, made the disclosure in a statement issued to newsmen on Tuesday in Kaduna.

READ ALSO: Man Kills Sister-in-law, 2 Others, In Farmland At Ebonyi

He said that the directive followed a report by security agencies that a man, his wife, and son were lynched through mob action in the community on Monday.

“The mob action was in response to the suspects’ alleged collaboration with bandits, especially in relation to recent kidnappings in the area.

“After the killings, the mob also looted and burnt their home,” Aruwan stated.

The commissioner said that the governor was sad and deeply worried over the violent action and strongly condemned the extra-judicial killings.

He stressed that legitimate procedures should always be adopted in confronting suspicions of criminality, as the destructive practice of self-help would only result in greater harm.

The governor urged citizens to maintain law and order and always report suspects to constituted authorities. 

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Man Kills Sister-in-law, 2 Others, In Farmland At Ebonyi

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A middle-aged man, Chibuike Ochie, has allegedly killed his sister-in-law, younger sister and a labourer in the Uburu community, Ohaozara Local Government Area of Ebonyi.

The Police Public Relations Officer in Ebonyi, DSP Loveth Odoh, confirmed the killings in a statement issued in Abakaliki on Monday.

Odah said that the incident occurred on Sunday in farmland in Obegu, Uburu.

READ ALSO: Woman Dies After Husband Sets Home Ablaze

The police spokesperson said the man killed his sister-in-law, a younger sister and a hired labourer, who was working on their farmland.

According to her, it was reported that by 1640hrs of 24th of October, 2021, when the family of Ochie were on the farm including a hired labourer, one of their brothers, Chibuike Ochie, went into the farm and suddenly started macheting them.

“He succeeded in macheting Ogechi Ochie, 32, and wife of the elder brother and the younger sister, Margaret Ochie, 35 years old and the said labourer.

“The three persons were macheted to death on that farm and he escaped.

“In the process of fleeing the scene, irate youths of that area caught and mobbed him.

“As I am talking to you, he is still critically ill to the extent that he is placed on a life support machine.

“Investigation is still on, but it will be properly done when this man survives.

“That is why we keep discouraging the youth from taking laws into their hands especially when a person commits offence like this.

“If they had brought the person to us, he would have told us the reasons he had to do this to his family members and he would have faced the law.

“But in this case, a lot of money is being spent to revive him.

“The incident took place at Obegu farm in Uburu. According to the DPO who visited the place, he said the farmland is about 25km away from Uburu town,” the PPRO explained.

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