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N180bn Virement Funds: Senate approves over N214bn for Buhari

Published

8 years ago

November 29, 2016

Contrary to opinions in some quarters that the Senate would not approve the N180bn request by President Muhammadu Buhari for the virement of funds appropriated in the 2016 Appropriation Act; the upper legislative chamber on Tuesday dazzled Nigerians by not only approving the said amount; but also increased the virement to the tune of N213,821,671,494.

The Senate also approved additional request of N300m appropriated in the 2016 Budget under the Transmission Company of Nigeria (TCN) for the construction of 132 KVA substation at Gwaram, Jigawa state.

President Muhammadu Buhari had about a month ago written to the National Assembly, requesting that a total of N180bn be approved as virement of funds appropriated in the 2016 Appropriation Act; to attend to some critical capital and recurrent expenditures.

The Senate considered the request and referred it to its committee on Appropriations for further legislative action on Wednesday 16th November 2016.

Presenting the report on Tuesday, the Chairman, Committee on Appropriations, Senator Danjuma Goje (Gombe Central) said, “the committee met with its House counterpart and deliberated on the course of action in order to abridge time. And also jointly had an interactive meeting with the affected MDAs on the virement, that is, the source of the funds and the expenditure MDAs in the Budget to clarify the need for the virement.”?

To justify the rationale behind approving far above the requested sum, Senator Goje said, “the affected MDAs justified the need for intervention in their respective Agencies and some also made the point that the amount proposed in the request was inadequate to meet the observed shortfall required to carry out their mandate and financial obligations”.

“In the course of the interaction with the MDAs, the committee observed that there are other areas of critical need that are capable of stimulating the economy which additional funds can still be provided with monies vired from the Special Intervention Programme,” he added.

A critical analysis of the report of the Committee shows that the Senate approved the sum of N167,113,304,018 for recurrent expenditures as against the N165,430,886,954 requested for in Buhari’s letter.

The committee also approved the sum of N2,500,000,000 as Statutory Transfer in the Public Complaints Commission (PCC) salary shortfall, instead of N1,200,000,000 requested by the President.

Another look at the report shows that President Buhari requested for the sum of N14,208,367,476 as capital expenditure for Nigerian Air Force (NAF) and Presidential Initiative for the North East (PINE); whereas, the Senate approved the sum of N39,208,367,476.

Though there were divergent of opinions, especially from the opposition members of the Senate on the propriety or otherwise of the recommendations of the committee, majority of the Senators present gave a voice votes in support, thereby adopting the report of the Committee and approved a total sum of N213,821,671,494, in addition to N300m as virement of funds for President Buhari.

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Sports

Oleksandr Usyk Defeats Tyson Fury Again, Solidifies Legacy Among Boxing Greats

Published

17 hours ago

December 22, 2024

Sahara Weekly

Oleksandr Usyk Defeats Tyson Fury Again, Solidifies Legacy Among Boxing Greats

Ukrainian boxing sensation Oleksandr Usyk retained his heavyweight championship titles and cemented his place in boxing history with a unanimous decision victory over Britain’s Tyson Fury in their rematch on Saturday night.

The judges scored the bout 116-112 in Usyk’s favor across the board, marking his second consecutive win over Fury. This victory extended Usyk’s flawless professional record to 23-0, with 14 knockouts, adding another chapter to a career already highlighted by Olympic gold and an undisputed cruiserweight championship.

A Masterclass Performance

Usyk, 37, showcased his signature precision and relentless pace, repeatedly catching Fury with clean left hooks and dominating the latter stages of the fight. Fury, at 6ft 9in (206cm) and weighing a career-high 281 pounds, attempted to impose his physicality but was unable to break Usyk’s composure.

The fight, held in Saudi Arabia, saw Usyk wearing traditional Cossack attire during his entrance, while Fury entered the arena dressed in a festive Santa-inspired robe to Mariah Carey’s “All I Want For Christmas Is You.”

The early rounds were competitive, with Fury landing powerful jabs and body shots. However, Usyk’s endurance and tactical brilliance began to shine in the middle rounds. The Ukrainian landed sharp combinations and dictated the tempo, including a stunning uppercut in the final round that left little doubt about the outcome.

“I thought I’ve won both fights,” Fury said post-match, sporting a bruised right eye. “But I’ll always believe until the day I die that I won that fight.”

A Legacy Sealed

Usyk’s victory solidified his standing as one of the greatest heavyweights in history. Already the first undisputed heavyweight of the four-belt era, Usyk joins the ranks of legends like Muhammad Ali, Joe Louis, and Mike Tyson.

The bout, reported to have a prize purse of $190 million, also underscored Saudi Arabia’s growing influence in global sports. Usyk, who served briefly as a soldier during Russia’s invasion of Ukraine, celebrated his victory by hoisting a symbolic sabre belonging to Ukrainian nationalist hero Ivan Mazepa.

Fury’s Uncertain Future

The defeat leaves Fury’s future in doubt. Once unbeaten across 35 fights, Fury now stands at 34-2-1. His attempt to reclaim glory after a brief retirement in 2022 has been marred by back-to-back losses to Usyk.

Usyk, on the other hand, continues to add to his already remarkable resume, leaving fans and critics alike in awe of his technical skill, resilience, and determination. As the heavyweight division looks ahead, Usyk’s reign appears unshakable, and his place among boxing’s all-time greats is firmly secured.

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Testimony Jaga Redefines Gospel Music with Fuji Rhapsody

Published

1 day ago

December 21, 2024

Sahara Weekly

Testimony Jaga Redefines Gospel Music with Fuji Rhapsody

Renowned gospel artist Testimony Jaga has set a new standard in the genre with the release of his highly anticipated album, Fuji Rhapsody. This innovative project masterfully blends the electrifying rhythms of Fuji music with uplifting gospel messages, offering a unique and transformative musical experience.

With a runtime of approximately one hour, Fuji Rhapsody takes listeners on a continuous, spiritually enriching journey, brimming with energy and inspiration. The album is available for streaming on popular platforms, including Spotify, iTunes, Audiomack, Boomplay, and more.

Whether you’re a fan of vibrant Fuji beats or seeking soul-stirring gospel tunes, Fuji Rhapsody is an album that promises to inspire and uplift. Press play and let its powerful melodies rejuvenate your spirit today!

Stream Fuji Rhapsody Here:

https://hypeddit.com/testimony-jaga/fuji-rapsody

celebrity radar - gossips

Governor Monday Okpebholo C.O.N Celebrates His Grace, Bishop Desmond Osazuwa, on His Birthday – December 21

Published

2 days ago

December 20, 2024

Sahara Weekly

His Excellency Governor Monday Okpebholo C.O.N Celebrates His Grace, Bishop Desmond Osazuwa, on His Birthday – December 21

The Governor of Edo State, Senator Monday Okpebholo C.O.N., has extended warm birthday wishes to His Grace, Bishop Desmond Osazuwa Amasihohu, in recognition of his remarkable contributions to the state and his unwavering support during the Governor’s electoral victory.

In a heartfelt message, Governor Okpebholo expressed his profound admiration for Bishop Amasihohu, acknowledging his steadfast leadership, spiritual guidance, and commitment to the well-being of the people of Edo State.

“I am delighted to celebrate Bishop Desmond Osazuwa on his special day,” the Governor stated. “His tireless prayers and invaluable support during my election campaign played a significant role in our collective success. His dedication to the spiritual and physical growth of Edo State is a testament to his purposeful leadership and unwavering faith.”

Reflecting on the Bishop’s years of service, the Governor added, “On behalf of my family and the entire Edo State, I extend my heartfelt congratulations and best wishes to Bishop Desmond Amasihohu on his birthday. He is a true son of Edo, whose contributions continue to enrich our lives. Today, we celebrate not just his birthday but also his enduring impact on our state and beyond.”

Governor Okpebholo emphasized the importance of honoring individuals who dedicate their lives to service. “Recognizing Bishop Desmond Osazuwa aligns with our shared values of inclusivity, unity, and gratitude. His contributions to the spiritual and social fabric of Edo State are invaluable, and we are truly blessed to have him among us.”

Bishop Desmond Osazuwa Amasihohu has spent decades spreading the gospel and transforming lives both within Edo State and across the globe. His birthday celebration drew dignitaries, community leaders, and well-wishers who gathered to honor his life and legacy.

The occasion stands as a powerful reminder of the values of faith, service, and unity that guide the Governor’s vision for a stronger Edo State.

“Happy birthday, my Bishop,” Governor Okpebholo concluded. “Your wisdom and contributions to the development of our state are deeply appreciated. May the Lord Almighty bless you with good health, strength, and continued prosperity.”