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FG releases N3.9tr to MDAs –Finance Minister

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Finance Minister, Mrs. Kemi Adeosun, has said that at the end of September, N3.9 trillion out of the N6.1 trillion budgeted for the year has been released.

Mr Mohammed Dikwa, Director, Special Projects in the ministry, who represented the minister, made the statement at a stakeholders’ forum on reducing the cost of governance in Abuja.

In a paper entitled: ‘Public Sector Financial Management Reforms as a Strategy for Cutting Cost of Governance in Nigeria’’, Adeosun said only 18 per cent of the releases was for capital expenses as against 82 per cent for recurrent expenditure.

She, however, said that the releases to the productive sectors of the economy remained the highest in recent times.

She added that Nigeria’s inability to finance most of its development projects had been largely attributed to high cost of governance in the form of large recurrent expenditure.

“In order to grow the economy and fasten the rate of growth and development, there is the need to reverse the trend,’’ the minister said.

She stated that it was important to ‘’allocate through the budgeting process, a larger proportion of funds for massive investment in infrastructure and other capital projects.’’

Adeosun said in the last two decades, costs associated with the running of the government in Nigeria had increased dramatically.

She added that there was a decline in the proportion of the budget allocated to recurrent expenditure.

Adeosun said that from 60 per cent in 1990 to 36 per cent in 1998, the budget increased to 80 per cent in 2003 but dropped to 74 per cent in 2016.

She said that the rising cost of governance had been a vexed issue in economic discourse in Nigeria.

“Reasons for rising cost of governance in Nigeria are issue of inflation, misuse of public funds and corruption, increase in population, extra-large NASS, extra-large public bureaucracy and need for accelerated growth and development.

“Others are lack of economic efficiency and lack of well-defined rules and regulations,’’ Adeosun said.

She said it showed that all tiers of government in Nigeria spent far more than they earned such that between 2011 and 2015, Nigeria had a consistent annual deficit of over N1 trillion in budget execution.

Adeosun also said that the country’s external and domestic debts amounted to over 30 per cent of national revenue during the period.

In a welcome adress, Mr Victor Muruako, acting Chairman, Fiscal Responsibility Commission, said the forum was the outcome of a very critical review of the financial management framework of Nigeria.

Muruako said the country had failed to address critical issues, such as infrastructure challenges, as well as failure to set priorities right in the face of dwindling revenues.

Muruako said that the continued high expenditure on overhead cost against capital expenditure was unacceptable.

He said that the idea of managing public income and expenditure in a responsible and responsive way in the larger interest of the country was the sole responsibility of the commission.

“It is indeed about prudent management of resources based on fundamental rules of action that provides the framework for evidence based budgeting,’’ Muruako said.

He said in the past, budgets were prepared not for the necessity and solutions required in the system but in such ‘’careless manner’’ that agencies only fixed figures on paper.

“This is why we support the zero based budget which is replacing the incremental budget where no critical effort is made to look at issues,’’ Muruako said.

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12-year-old boy kills landlady as condition to be initiated into a cult

Ethiope East Local

A 12-year-old boy, who allegedly robbed and killed his landlady at Abraka, Ethiope East Local Government Area, Delta State, yesterday, was among those paraded for various offences by the state Police Command, yesterday.

 

The state Commissioner of Police, Mr. Zanna Mohammed, who briefed reporters on the arrest of over 60 kidnappers, robbers, murderers, cultists and ritualists in the last three weeks, said the teenager confessed that he committed the act because a cult group told him that one of the conditions for initiation was that he must have been involved in a criminal act.

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Super Falcons striker, Asisat Oshoala, comes to Falz defence with regards to statement about glorifying fraudsters

Asisat Oshoala

Nigerian professional footballer, Asisat Oshoala, who plays as a forward in the Chinese Women’s Super league for Dalian Quanjian F.C., took to her Instagram to express deep concern about how people are now proud to be fraudsters.

 

 

In Falz’ defense, she insisted fraudsters shouldn’t be glorified.

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Zimbabwean Church leader in s*x scandal as photos naked photos and sex acts with 33 girls is exposed

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A Zimbabwean church leader, Nyasha Light Nyatsungo is enmeshed in a sex scandal and might also be facing legal action, after his ex-girlfriend flooded social media with his nude photo.
It was gathered that the Nyatsungo allegedly sent a nude picture of his Cape Town based ex–side chick, Shingi Mavenge, to his other girlfriend only identified as Beula who later broadcasted it on social media.
According to H-Metro, in an apparent fit of rage, Mavenge posted a WhatsApp chat she had with Nyatsungo’s wife identified as Nyasha Nhahumbi as well as a group chat with some of her former lover’s concubines.
According to Mavenge, she has gotten information that Nyatsungo has at least 33 girlfriends and has ditched his wife of eight years.
She adds that Nyatsungo bedded a girl who was their neighbour as well.
Mavenge said that the church leader’s wife revealed that they even consulted their local pastor in Mutare who failed in his attempts to mend Nyatsungo’s ways.
According to H-Metro, Nyatsungo, a married father of two, has denied ever circulating the picture, labelling Mavenge as a bitter woman whom he just flirted with on Facebook and nothing more.
“This Nyasha guy must be stopped in his tracks. He is going to pay for all the damage that he has done to me. He was the only one who had that leaked picture and I am shocked why he would forward it to some other girl,” fumed Mavhenge who is working on taking legal action.
 
“I started dating this guy in 2015 and never knew he was married. He lied.”  fumed Mavenge yesterday.
“That guy is full of lies and at some point, we opened a group chat with his wife and some of his girlfriends. He normally targets single mothers” added Mavenge.
H-Metro was furnished with six other cellphone numbers of his girlfriend that include Fadzai, Mutsa, Essy, Juliana, Barbra among others. Mutsa confirmed she once had a relationship with Nyatsungo have since terminated it since she discovered he was married.
Mavenge confirmed they met once in Johannesburg when she had to fly from Cape Town to meet her man sometime in April.
“That night he didn’t even have money. I had to pay the R800 for the accommodation as he had no money. He wanted to have sex with me but I flatly refused. He even wanted it without protection and I said No. he looked terrible with clothes in a plastic shopping bag. I want to write a letter to Pastor Rex who is the head of (the church) in Harare so that this guy be stopped with his tricks and lies,” added Mavenge.
When contacted over the phone in Mutare Nyatsungo confirmed he knew Mavenge but never had a relationship with her.
“I know her and we once flirted on Facebook. We never had a relationship as she is alleging. I don’t know why she is bitter. I haven’t seen the nude pictures she is talking about but I heard about it from Beula. We live in a democratic country. She can go ahead and sue me if she feels her rights have been infringed upon. All the allegations she is making are false and I don’t know her motive in trying to tarnish my image,” said Nyatsungo.
He said he was still with his wife whose phone rang without response yesterday afternoon. Despite his denials, H-metro was furnished with pictures of Nyatsungo and Mavenge, the time they met in April.

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