President Buhari was pleased with the level of food security and self-sufficiency in the country, noting that the journey “is well underway”.
According to him, the present administration has made remarkable progress in almost all segments of the agriculture value chain, from fertilisers to rice and animal feed production.
The President pledged that his administration would sustain the policies to ensure additional investments were channelled, thereby creating more jobs in the sector.
He said, “We must not go back to the days of importing food and thereby exporting jobs.
“Our commitment to achieving macroeconomic stability and economic diversification has been underscored by the merger of the Ministry of Finance with the Ministry of Budget and National Planning.”
President Buhari explained that the combined ministry has an important mandate to enhance the management of domestic and global fiscal risks.
He added that the ministry would coordinate policies with the trade and monetary authorities, raise and deploy revenues to fund budgeted expenditure, as well as integrate annual budgets and medium-term fiscal strategies.
President Muhammad Buhari has visited Borno State to commemorate the 2018 Nigerian Army Day celebrations with the troops in the state.
He was welcomed to the state by Governor Kashim Shettima, as well as the Chiefs of Defence Staff, Army Staff and Air Staff – General Abayomi Olonisakin, Lieutenant General Tukur Buratai and Air Marshal Sadique Abubakar.
Members of the Borno State Executive Council and other top military officers in the state were also on the ground to receive the President.
Shortly after his arrival, President Buhari proceeded to Monguno via an Air Force chopper.
In his opening remark at the event, Lieutenant General Buratai briefed the President and other Nigerians on the Army operations in Borno and other states affected by the Boko Haram insurgency.
He promised that the Army would continue to carry out its responsibilities in accordance with the rule of law and the Nigerian Constitution.
As the general elections draw nearer, Buratai assured Nigerians that they would remain apolitical in the discharge of their duties.
On his part, Governor Shettima thanked the Federal Government for their unrelenting resolve in the fight against terrorism.
He was optimistic that the nation has finally come to the end of insurgency and faulted the rumours that the President was visiting Borno for political gains.
Commending President Buhari’s commitment to the nation’s security, Shettima said although the President left the military over 30 years ago, “the military refused to leave him.”
President Buhari, who was the special guest of honour at the event, informed Nigerians that the terrorists were surrendering willingly to the troops.
He also assured the people that efforts were ongoing by his administration to secure the release of Leah Sharibu, the remaining Chibok girls, and other captives in the custody of the outlawed group.
Read the full statement at the signing of the budget below;
I would like to thank the leadership of the National Assembly, particularly the Senate President and the Speaker of the House of Representatives, as well as all the Distinguished Senators and Honourable Members, for passing the 2018 Appropriation Bill, after seven months.
When I submitted the 2018 Budget proposals to the National Assembly on 7th November 2017, I had hoped that the usual legislative review process would be quick, so as to move Nigeria towards a predictable January-December financial year. The importance of this predictability cannot be overemphasised.
While the Federal Government’s budget represents less than 10% of aggregate yearly expenditures in the economy, it has a very significant accelerator effect on the financial plans of other tiers of government, and even more importantly, the private sector, which mostly operates on a January-December financial year.
Notwithstanding the delay this year, I am determined to continue to work with the National Assembly towards improving the budgeting process and restoring our country to the January-December fiscal cycle.
I note, with pleasure, that the National Assembly is working on the enactment of an Organic Budget Law, so as to improve the efficiency of the nation’s budgetary process.
As I mentioned during the presentation of the 2018 Appropriation Bill, we intend to use the 2018 Budget to consolidate the achievements of previous budgets and deliver on Nigeria’s Economic Recovery and Growth Plan (ERGP) 2017-2020.
It is in this regard that I am concerned about some of the changes that the National Assembly has made to the budget proposals that I presented. The logic behind the Constitutional direction that budgets should be proposed by the Executive is that it is the Executive that knows and defines its policies and projects.
Unfortunately, that has not been given much regard in what has been sent to me. The National Assembly made cuts amounting to 347 billion Naira in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to 578 billion Naira.
Many of the projects cut are critical and may be difficult, if not impossible, to implement with the reduced allocation. Some of the new projects inserted by the National Assembly have not been properly conceptualised, designed and cost and will, therefore, be difficult to execute.
Furthermore, many of these new projects introduced by the National Assembly have been added to the budgets of most MDAs with no consideration for institutional capacity to execute them or the incremental recurrent expenditure that may be required.
As it is, some of these projects relate to matters that are the responsibility of the States and Local Governments, and for which the Federal Government should therefore not be unduly burdened.
Such examples of projects from which cuts were made are as follows:
The provisions for some nationally/regionally strategic infrastructure projects such as Counter-part funding for the Mambilla Power Plant, Second Niger Bridge/ancillary roads, the East-West Road, Bonny-Bodo Road, Lagos-Ibadan Expressway and Itakpe-Ajaokuta Rail Project were cut by an aggregate of 11.5 billion Naira.
Similarly, provisions for some ongoing critical infrastructure projects in the FCT, Abuja especially major arterial roads and the mass transit rail project, were cut by a total of 7.5 billion Naira.
The provision for Rehabilitation and Additional Security Measures for the United Nations Building by the FCT, Abuja was cut by 3.9 billion Naira from 4 billion Naira to 100 million Naira; this will make it impossible for the Federal Government of Nigeria to fulfill its commitment to the United Nations on this project.
The provisions for various Strategic Interventions in the health sector such as the upgrade of some tertiary health institutions, transport and storage of vaccines through the cold chain supply system, provision of anti-retroviral drugs for persons on treatment, establishment of chemotherapy centres and procurement of dialysis consumables were cut by an aggregate amount of 7.45 billion Naira.
The provision for security infrastructure in the 104 Unity Schools across the country was cut by 3 billion Naira at a time when securing our students against acts of terrorism ought to be a major concern of government.
The provision for the Federal Government’s National Housing Programme was cut by 8.7 billion Naira.
At a time when we are working with Labour to address compensation-related issues, a total of 5 billion Naira was cut from the provisions for Pension Redemption Fund and Public Service Wage Adjustment.
The provisions for Export Expansion Grant (EEG) and Special Economic Zones/Industrial Parks, which are key industrialization initiatives of this Administration, were cut by a total of 14.5 billion Naira.
The provision for Construction of the Terminal Building at Enugu Airport was cut from 2 billion Naira to 500 million Naira which will further delay the completion of this critical project.
The Take-off Grant for the Maritime University in Delta State, a key strategic initiative of the Federal Government, was cut from 5 billion Naira to 3.4 billion Naira.
About seventy (70) new road projects have been inserted into the budget of the Federal Ministry of Power, Works and Housing. In doing so, the National Assembly applied some of the additional funds expected from the upward review of the oil price benchmark to the Ministry’s vote. Regrettably, however, in order to make provision for some of the new roads, the amounts allocated to some strategic major roads have been cut by the National Assembly.
Another area of concern is the increase by the National Assembly of the provisions for Statutory Transfers by an aggregate of 73.96 billion Naira. Most of these increases are for recurrent expenditure at a time we are trying to keep down the cost of governance.
An example of this increase is the budget of the National Assembly itself which has increased by 14.5 billion Naira, from 125 billion Naira to 139.5 billion Naira without any discussion with the Executive.
Notwithstanding the above-stated observations, I have decided to sign the 2018 Budget in order not to further slow down the pace of recovery of our economy, which has doubtlessly been affected by the delay in passing the budget.
However, it is my intention to seek to remedy some of the most critical of these issues through a supplementary and/or amendment budget which I hope the National Assembly will be able to expeditiously consider.
I am pleased with the success recorded in the implementation of the 2017 Budget. A total sum of 1.5 trillion Naira has been released for the implementation of capital projects during the 2017 fiscal year. In response to this and other policy measures implemented, we have observed significant improvement in the performance of the Nigerian economy.
To achieve the laudable objectives of the 2018 Budget, we will work very hard to generate the revenues required to finance our projects and programmes. The positive global oil market outlook, as well as continuing improvement in non-oil revenues, make us optimistic about our ability to finance the budget.
However, being a deficit budget, the Borrowing Plan will be forwarded to the National Assembly shortly. I crave the indulgence of the National Assembly for a speedy consideration and approval of the Plan.
The 2018 Budget I have just signed into law provides for aggregate expenditures of 9.12 trillion Naira, which is 22.6% higher than the 2017 Appropriation. Further details of the approved budget will be provided by the Minister of Budget and National Planning.
I thank the Ministers of Budget and National Planning, the Budget Office of the Federation, and everyone who worked tirelessly and sacrificed so much to bring us to this day. However, the job is only partly done.
I am sure you will remain committed to advancing our Change Agenda, not only in the preparation of the national budget but also in ensuring its effective implementation.
Nigeria’s President Muhammad Buhari, and the Senate President, Bukola Saraki, have met behind closed doors, where he assented to the Endangered Species Control of International Trade and Traffic Amendment Act 2016, earlier passed by the National Assembly.
This brings to 17, the total number of acts the president assented to in the year 2016.
The meeting took place on the last working day of the year at the Presidential Villa, Abuja.
Saraki who arrived at about noon on Friday, also joined the President to observe the Jumat prayer at the villa.
Speaking to journalists on what Nigerians should expect in 2017 from the National Assembly, Saraki said attention would be on the economy.
Also, the Senior Special Assistant on National Assembly Matters, Ita Enang, explained:
“The intent of this amendment is to bring the penalty provisions in line with economic realities and to act as a deterrent or deter people from trafficking and trading in endangered species because endangered are preserves of the country.
He was accompanied on the trip by the Governor of Borno, Kashim Shetima, and Rochas Okorocha of Imo state.
Aisha Buhari On Presidency
While President Buhari was away on his official trip, his wife, Mrs Aisha Buhari raised concerns over the president’s appointees.
In an interview with BBC she warned her husband that she will not back him at the next election unless he considers rejigging the make-up of his appointees.
Meanwhile, Mr Buhari in reaction to this laughed off the comments saying “I don’t know which party my wife belongs to, but she belongs to my kitchen and my living room, and the other room”.
The matter has since elicited various opinions from people who believe it was an honest expression from Mrs Buhari, meant to galvanise President Buhari into retracing his steps, while others shocked that such remarks are coming from her.
The Minister of Foreign Affairs, Mr Geoffrey Onyeama, says a non-contentious fund of about 230 million US dollars is being repatriated from Switzerland.
The Minister made the disclosure at a news conference to give a scorecard of the achievements of President Buhari’s administration in the last one year.
He said that monies stolen from the country were also in the process of being repatriated from the United States of America, the United Kingdom, and Jersey Island off the coast of the United Kingdom, Lensisteine.
He said that the country was also in talks with countries in the gulf to recover stolen money from the country.
Mr Geoffrey Onyeama defended the many trips undertaken by President Muhammad Buhari. According to him, they were in the interest of the nation.
These returns, he said, were some of the benefits of the President’s interaction with the international community since he took over the government in 2015.
He shed light on other areas of success which he attributed to the administration’s openness to working with other countries for the common good of everyone. These achievements include the recent victory against the Boko Haram insurgency.
The Minister said that he believes that the administration of President Muhammadu Buhari has started on a good footing and would ensure that by the end of its tenure, Nigeria is better for it.
The Peoples Democratic Party (PDP) has advised the All Progressives Congress (APC) to allow the legislative arm of Government to be independent.
Speaking to newsmen in Ile-Ife town, Osun State, the Acting National Chairman of the PDP and the National Secretary, Uche Sekondus and Professor Wale Oladipo, described the ongoing crisis in the National Assembly as unfortunate and undemocratic.
According to the PDP leadership, democratic institutions should be allowed to conduct their affairs independently without interference from any party.
They added that the will of the people should be respected, stressing that the PDP will support the government of President Muhammadu Buhari as long as he is in line with the wish of the Nigerian populace.