Today's Headlines: Legislative oversight critical to Nigeria’s democracy — Speaker Abbas; FAAC: FG, States, LGs share N966bn
Legislative oversight critical to Nigeria’s democracy — Speaker Abbas
Photo credit: Vanguard paper
The Speaker of the House of Representatives Hon. Abbas Tajudeen, has stated that the National Assembly’s oversight of holding the other arms of the government accountable is critical to Nigeria’s democracy.
Speaker Abbas, however, noted that the 10th Assembly would also be accountable to the public.
The Speaker made this known on Tuesday at a one-day workshop on ‘Assessment of the National Monitoring and Evaluation Policy of Nigeria and the Role of Legislature’ organised by the Directorate of Planning and Legislative Budget of the National Assembly.
According to the Speaker, who was represented by the Chairman of the House Committee on Legislative Budget, Hon. Mohammed Omar Bio, it was in line with the agenda of the 10th Assembly to ensure, through oversight, that “our commonwealth is properly managed for the benefit of all Nigerians.”
The Speaker explained that the issue of monitoring and evaluation constitutes a major part of the constitutional responsibility of the Legislature, which is called oversight.
He said through oversight, the Legislature, as the representatives of the people, ensures that the government remains accountable to citizens on the utilisation of public funds, as well as in the implementation of policies and laws.
He stressed that these policies and laws are codifications of the wishes and aspirations of the Nigerian people, “hence, it is one function that is critical to democracy as a government of the people.”
FAAC: FG, States, LGs share N966bn
Photo credit: Vanguard paper
The Federation Account Allocation Committee (FAAC) has shared the sum of N966.110 billion July Federation Account Revenue to the Federal Government, States and Local Councils.
This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting , in Abuja, Tuesday.
The meeting was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
The N966.110 billion total distributable revenue comprised statutory revenue of N397.419 billion, Value Added Tax (VAT) revenue of N271.947 billion, Electronic Money Transfer Levy (EMTL) revenue of N12.840 billion and Exchange Difference revenue of N283.904 billion.
Cost of collection was allocated N62.419 billion, while deductions for savings, transfers, refunds and tax credit cancellation stood at N717.962 billion.
The balance in the Excess Crude Account (ECA) was put at $473,754.57
According to the communiqué, from the total distributable revenue of N966.110 billion; the Federal Government received N374.485 billion, the State Governments received N310.670 billion and the Local Government Councils received N229.409 billion.
Economic hardship: We mean well for Nigeria, First Lady assures Nigerians
Photo credit: Vanguard paper
The First Lady, Senator Oluremi Tinubu has assured Nigerians that the administration of President Bola Tinubu means well for the country despite the hardship being experienced by many Nigerians as a result of the removal of petrol subsidy.
Senator Tinubu told Nigerians to look beyond the present situation in the country and see the bigger picture which has light at the end of the tunnel.
She stated this when she received Wives of Service Chiefs and the Inspector General of Police led by the wife of the Chief of Defence Staff and President, Defence and Police Wives Association, Mrs Oghogho Musa.
The First Lady said that the administration of President Tinubu is doing everything possible to ensure that it cushions the effects of the fuel subsidy removal, adding that Nigerians would begin to reap the fruits of the efforts when the gains of the policy begin to materialize.
She said her pet project, the Renewed Hope Initiative is also supporting the government in this regard and that is why she is soliciting the support of the wives of the Service Chiefs.
The First Lady in a statement issued by her Special Adviser on Media and Publicity, Busola Kukoyi, was quoted as saying, “We will need your various Associations from time to time, at least to be able to reach out women in your various barracks, to reassure them that we mean well for this country, and that they should be patient and that whatever we can do to ameliorate what the subsidy has meted to us, we believe there is always light at the end of the tunnel.
Amusan begins title defence in Budapest with 100m Heat win
Photo credit: Vanguard paper
World Champion Tobi Amusan has started her title defence at the World Athletics Championship on a fine note by finishing first in Heat 5 with a time of 12.48s.
The world hurdles record holder clocked 12.48s (0.4) to win the fifth heat of the women’s 100mH despite not having enough time to slow down towards the end at the National Athletics Centre in Budapest, Hungary.
Despite a slow start, she finished ahead of Jamaican Champion Megan Tapper who came 2nd in 12.51s and and Australian Michelle Jenneke in 12.71s.
The 100m hurdles champion and world record holder competed in Heat 5 alongside Ebony Morrison, Michelle Jenneke, Maayke Tjin-a-lim, Natalia Christofi, Nika Glojnaric, and Maayke Tjin-a-lim.
Amusan will lead the rest out in the semi final on Wednesday at 7:20pm Nigerian time.
At the 2022 World Championship in Eugene, USA, Amusan came first with a 12.40 (African record) before setting a new world record of 12.12 to smash the 12.20 world record set by Kendra Harrison in 2016.
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