₦airaland Forum

Says due process holding back release of N350 billion

Tobi Soniyi in Abuja

The Federal Government has said that it understood the ‎present economic situation in the country and has the magic wand to turn it around.

Government also said following due process has caused a delay in releasing the N350 billion it pledged to inject into the economy to reflate it.

Government had promised to release the money immediately the 2016 budget was passed.

Briefing State House correspondents after the Federal Executive Council (FEC”s) meeting chaired by the Acting President, Yemi Osinbajo, on Wednesday, Minister for Budget and National Planning, Senator Udoma Udo Udoma, said government had mandated the ministries, departments and agencies (MDAs) to fast-track the processes for the capital budgets so that the economy could be quickly reflated.

Udoma, while commenting on the delay in the release of the N350 billion, said: “The money is available but there is a process and this is part of the reasons we briefed council that there is need to fast-track those processes so that very soon most of those monies will be released. We expect in the ministry of works, they should have quite substantial release in the next week or so.

“It’s easier for us for existing projects but new projects are a bit more difficult because of the public procurement. The public procurement you have to advertise and you have to wait for six weeks and so on. So new project will take a bit longer. But existing projects that have already gone through the public procurement process‎ will be faster and I believe that you will soon start seeing the impact of those releases,” he assured.

It is what we have to do to keep our delegates,” a source close to the N10,000 paying aspirant said.

By Emmanuel Aziken, Political Editor
The approach to the APC governorship primaries has become a harvest of sorts for accredited delegates of the party. A majority of the delegates Vanguard learned are simply smiling to the bank on a weekly basis as they milk the major aspirants. Not all the aspirants are complaining, though.

One of the leading aspirants who had been an official of the branches of the Federal Government reportedly conceived the weekly handout of N5,000 per delegate to woo delegates to himself a few weeks ago. His effort has since been adopted by another delegate who is said to have the support of a big man in the outgoing state administration. That aspirant was said to have simply upped the game by increasing the weekly handout to N10,000 per delegate.

“It is what we have to do to keep our delegates,” a source close to the N10,000 paying aspirant said. However, before the delegates are paid, they are made to show their PVC cards which in the eyes of some have now become cash producing ATM cards.

At a meeting with APC delegates from Edo North last Sunday, a very senior political office holder from Edo North who has been alleged to be sponsoring the Godwin Obaseki campaign was said to have urged the delegates not to shy away from collecting the N5,000 being doled out by the rival aspirant. He, however, told them to return to the Obaseki campaign which he said would give them more.

The prominent Edo politician, however, charged them not to mortgage the state to those who he said were not prepared for governance.

At the same function in the residence of Rep. Philip Shuaibu, Governor Adams Oshiomhole was quoted to have urged the delegates to appreciate the sacrifice made by the state commissioner for works, Mr. Osarodion Ogie, who is Obaseki’s campaign manager. Oshiomhole urged the delegates drawn from the three Etsako local government areas to laud Ogie, who he said sacrificed his governorship aspiration in consideration of Obaseki following pleas by him, Oshiomhole.

stobery:
Look at them, dem no get shame at all

You think German or London hospitals can save you people?

All of you that were in the position to build worldclass hospitals in this country but refused, your time has come

blackpanda:
Ok na...who's runway will Fayose use??
Ekiti state should construct its own runway, terminals etc. That way Buhari cant do anything. Till then, sorry remains ur case

demolinka:
Hehehehe! Fayose, Wike, your woxt fear have just been convam; Buhari Na ur boss, take it or leave it!

xmich:
She said she is failing in love with my governor
She said she is failing in love with my governor

xmich:
She said she is failing in love with my governor
She said she is failing in love with my governor

ganisucks:
Fayose, i love you. I want to be your baby mama. You are the new GREATEST.

"the Niger Delta region as at today is still the golden goose laying the golden eggs on which all other regions are surviving and it will be suicidal for military action to be sustained against the
militants."

brunofarad:
I Smell Fp

Mynd44:
https://www.nairaland.com/3152675/navy-arrests-co-ordinator-niger-delta

Oliviaxx:
Reading all this just made me weak; so i'll just ask one question: Nigeria, where are we headed

EFGH:
Even the aboki's are complaining bitterly about his buhaconomic policies.

naijapresdo2023:
honour well deserved, he is not as bad as Nigerians thought. Just loyalty to a wicked boss.

skelewu404:
cant we just give these people the Hiroshima treatment once n for all.
while is pmb wasting time

smellingmenses:

acenazt:
Heii can this fruit grow from every gay? I hope so

Taasii4change:
Useless man u cannot denied the fact day u destroy this country After all day trust we gave u, u will continue to regret your actions throughout your life.

thunder74:
That is how a good Christian should reason. Pray for them that persecute or hate you.

yarimo:
Mtchew how will this news reduce the cost of fuel right now ?

kenkenn:
Make una disown am na.

This man sef... I could be mental problem o.