By John Akubo, Abuja 10 November 2023 | 4:03 am Senate President Godswill Akpabio has urged President Bola Tinubu to sack any head of government agency that fails to turn up for the public hearing on the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) at the National Assembly. Godswill Akpabio Senate President Godswill Akpabio has urged President Bola Tinubu to sack any head of government agency that fails to turn up for the public hearing on the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) at the National Assembly. Some of the ministers and heads of agencies failed to honour the invitations of committees on public hearings, yesterday. In the MTEF/FSP, the Federal Government pegged the price of crude oil at $73.96; exchange rate at N700/$; oil production at 1.78 million barrels per day; debt service of N8. 25 trillion; inflation at 21 per cent and GDP growth at 3.76 per cent. The aggregate expenditure is estimated at N26.01 trillion for the 2024 budget, which includes statutory transfers of N1.3 trillion, non-debt recurrent expenditure of N10.26 trillion, debt service estimated at N8.25 trillion, as well as N7.78 trillion provided for personnel and pension cost. The public hearing was organised by the Senate Joint Committees on Finance; Appropriations; National Planning and Economic Affairs and Local and Foreign Debt to dissect the fiscal document with the chief executives of government-owned agencies with a view to increasing the national revenue base. The approved MTEF/FSP would set out the parameters upon which next year’s budget will be prepared. 1 hour ago The Defence Headquarters (DHQ) has said there are intelligence reports of plans by desperate politicians to cause violence with hoodlums wearing military uniform. 1 hour ago Supreme Court’s affirmation of the victory of President Bola Tinubu in the February 25, 2023, presidential election, has further deepened the rift between Pa Ayo Adebanjo and Pa Reuben Fasoranti’s Afenifere groups as both sides have taken different positions on the apex court verdict. 2 hours ago Senate President Godswill Akpabio has urged President Bola Tinubu to sack any head of government agency that fails to turn up for the public hearing on the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) at the National Assembly. 2 hours ago The Nigerian National Petroleum Company Limited (NNPCL) has explained how the Russian-Ukraine crisis dipped demand for the country’s grades from the once-dependable Asian market. 2 hours ago Katsina State Governor, Dikko Radda, has condemned the recent attacks and killing of innocent souls in some parts of the state by suspected bandits. 2 hours ago House of Representatives’ Public Accounts Committee has summoned Federal Inland Revenue Service (FIRS), Nigerian Immigration Service (NIS), Nigerian Meteorological Agency, and the Pharmacists Council of Nigeria to appear before it to answer queries issued against them by the Auditor General for the Federation. 2 hours ago Rivers State Governor, Siminalayi Fubara, has said the Minister of the Federal Capital Territory (FCT), Nyesom Wike, remains his principal regardless of the recent political crisis that rocked the state. 2 hours ago Governor Babajide Sanwo-Olu of Lagos State and Chief Executive Officer of Metro Capital Advisory Group, Faruk Saleh, yesterday, courted the attention of the global investment market, saying Nigeria offers rare business opportunities despite odds. 2 hours ago Former Secretary of Movement for the Survival of Ogoni People (MOSOP), Prof. Ben Nanee, has regretted that the many years of struggle for environmental justice in Ogoniland and accountability in government yielded not the expected result due to corruption and mismanagement of resources. 2 hours ago The Patriots, a group of eminent Nigerians, yesterday, called for a new constitution to rescue the nation from decline.
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