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N206bn in humanitarian affairs ministry’s budget was wrongly coded NOT budget padding, says Zainab Ahmed

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Zainab Ahmed, minister of finance, budget and national planning, says N206 billion captured in the ministry of humanitarian affairs’ 2023 budget proposal was wrongly coded by the Budget Office.

In a statement issued by Yunusa Tanko Abdullahi, special adviser, media & communications, ministry of finance, the minister said this on Tuesday at a meeting with the house committee on appropriation.

Ahmed, who dismissed the budget padding allegation, explained that the N206 billion was an oversight.

The minister said the N206 billion was for the national social safety nets project funded by the World Bank and domiciled in the humanitarian ministry.

She noted that the wrong coding resulted in the item being wrongly captured as “purchase of security equipment” and had nothing to do with budget padding but an oversight.

According to her, the minister of humanitarian affairs and disaster management should have called the attention of the budget office to the anomaly like her counterparts in other ministries.

She disclosed that the ministry of defence, ministry of power, among others, also committed the same error.

Ahmed, however, called for collaboration among ministries, departments and agencies (MDAs) to forestall such oversight.

HUMANITARIAN AFFAIRS MINISTRY EXONERATES ZAINAB AHMED

Meanwhile, the ministry of humanitarian affairs has exonerated Ahmed and the ministry of finance of any budget padding allegation.

The statement added that Sadiya Umar Farouq, minister of humanitarian affairs, backtracked and exonerated the finance ministry at the committee’s meeting.

“Before I comment on the content of the comment, let me comment on the context. I was at the briefing when the minister was asked a question about the code, and she said that she did not understand that and that she would get clarification. Then the chairman obliged that the clarification will be brought and the matter was closed,” the statement quoted Farouq, represented by Nasir Sani Gwarzo, permanent secretary, finance ministry, as saying.

“One of the members then, in his summary, insinuated that that was padding, and that was what the press took. So, the minister of humanitarian affairs did not mention or use the word padding.

“She requested time to correct this mistake that she observed. Secondly, we did not go to the media refuting or challenging, rather we wrote a letter to the ministry of finance, budget and national planning seeking clarification. Therefore, I concur totally that what has been provided in the budget is part of our project. The only mistake was the coding which has been clarified even before this interactive meeting.”

The statement added that the permanent secretary, who stood in for the minister, distanced her from the budget padding statement.

Farouq, who had appeared before the senate committee on special duties to defend the 2023 budget proposal, claimed that the ministry requested some projects for the North East Development Commission (NEDC) and the National Social Safety Net Project in the 2022 budget, which were not released.

She said that her ministry was surprised that the money inserted was then 10 times the 2023 proposed budget for her ministry.

“Yes we made mention of the projects for 2022, which was not released, and part of it was for the NEDC,” she had said.

“The money was not released and now we have seen it recurring by almost 10 folds, and we are also going to clarify from the Ministry of Finance to know why this increase, despite the fact that the previous year, the money was not even released for the project. So, we will get the details and then send them to you on that.

On upscaling of the National Social Safety Net Project, she said: “These projects are under the National Social Safety Net, the condition cash transfer, the updating of the national social register and the rapid response register as well to cushion the effect of inflation.

“This is all I can say for this. I cannot give full details of how this amount is going to be utilised because it is something that was negotiated between the Ministry of Finance and World Bank.”

Aliyu Betera, chairman, house of representatives committee on appropriation, expressed the displeasure of the committee with the humanitarian minister over her continued failure to appear before the committees of the house when summoned.

Betara asked the humanitarian minister to appear and defend the ministry’s budget.

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Naira depreciates to N1,770/$ in parallel market

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The Naira yesterday depreciated to N1,770 per dollar in the parallel market from N1,750 per dollar last weekend.

Similarly, the Naira depreciated to N1,675.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,675.62 per dollar from N1,652.62 per dollar last weekend, indicating N23 depreciation for the naira.

The volume of dollars traded (turnover) fell by 55.2 percent to $108.79 million from $243.05 million traded last week Friday.

Consequently, the margin between the parallel market and NAFEM rate widened to N117.38 per dollar from N97.38 per dollar last weekend.

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Port Harcourt Refinery begins crude oil processing

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The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that the Port Harcourt Refinery in Rivers State has commenced crude oil processing.

The Chief Corporate Communications Officer of the compaanyy, Femi Soneye, broke the news on Tuesday.

Soneye revealed that the refinery will operate at 60 percent capacity and process 60,000bpd.

https://twitter.com/FM_Soneye/status/1861330633831620917?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1861330633831620917%7Ctwgr%5E776845f88f6fa6dd3c70082f4da1ee2632656999%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vanguardngr.com%2F2024%2F11%2Fbreaking-port-harcourt-refinery-begins-crude-oil-processing%2F

“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye said on Tuesday.

“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering commitment to this transformative project. Together, we are reshaping Nigeria’s energy future!”

Soneye added that truck loading will commence on Tuesday (today), adding that the NNPCL is also “working tirelessly to bring the Warri Refinery back online soon”.

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Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS

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The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.

The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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