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FG Earmarks N950Bn for Security in 2013 Budget

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Nigeria has great security challenges
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Federal Government has earmarked some N950 billion in this year’s budget to tackle the internal security challenges confronting the country.

A breakdown showed that the armed forces  will get N364 billion; the police N320 billion; Office of the National Security Adviser N115 billion; while the Ministry of the Interior is to get  N154 billion.

Dr. Ngozi Okonjo-Iweala, coordinating minister of the Economy/minister of Finance, gave the details during a sectoral analysis of the budget, Abuja.

According to her, Critical Infrastructure (including Power, Works, Transport, Aviation, Gas pipelines, and Federal Capital Territory) received N497 billion; Human

Capital Development (that is, Education and Health) received budget of N705 billion; and Agriculture/Water Resources – N175 billion.

The minister however refuted rumours that the delay in the passage of the budget was deliberately orchestrated by the Presidency so as to mop up unspent funds in the 2012 budget against the 2015 general elections.

Okonjo-Iwuala further explained issues that led to the budget crisis, thus: “I reject the insinuation of 2015 or politics into the budget issue totally. There was no issue or instance of scooping money for 2015. Let us be fair, even to the politicians. Besides being false, such repots paint the picture of all Nigerians being corrupt or thieves, which is not true.”

She attributed the delays to “the moving around” of some projects and funds by the National Assembly, for which the Presidency was not comfortable.

Okonjo-Iweala explained that “this year’s budget process would better so that the 2014 budget is fairly smooth as all of us are learning.”

She hinted that 2013 budget of N4.987 trillion promotes the continuity of the four main pillars on which the 2012 Budget, namely: Macroeconomic stability, Structural reforms, Governance and institutions, and Investing in priority sectors.

“This budget continues the theme of fiscal consolidation with inclusive growth and is underpinned by the following parameters: Oil production of 2.53 million barrels per day compared to 2.48 million barrels per day in 2012; Benchmark oil price of $79 per barrel, up from $72 per barrel in 2012; Projected real GDP growth rate of6.5 per cent and Average Exchange Rate of N160/$,” she added.

The Finance minister gave the priorities of the budget as the reduction in the cost of governance, the restructuring the budget in favour of capital expenditure, the extension of IPPIS to more MDAs, the commencement implementation of the Steve Oronsaye report while awaiting the “White Paper” and the debt management/sinking fund – retiring maturing obligations.

Others are: Focus on infrastructure , especially ongoing capital projects, Job creation through (a) reducing infrastructure challenges, (b) YouWin, SURE-P, etc., as well as fiscal measures aimed at promoting domestic industry and creating employment as well as supporting gender programmes and sporting activities.

Against the backdrop of criticisms that the 2012 budget did not perform, the minister said the 2012 budget financed a number of important projects across the country, including the rehabilitation of tracks for the Lagos-Kano railway line; the ongoing construction of the East-West Road and the dualisation of the Kano-Maiduguri Highway.

“In spite of the turbulent global economic environment and changing global oil map, the Nigerian economy has been resilient, experiencing a robust growth in 2012 of 6.5 per cent compared with global growth of 3.2 per cent. Inflation is now down to single-digits at 9 per cent in January 2013, compared with 12.6 per cent in January 2012. Our fiscal deficit is on a downward trajectory, and below our threshold of 3 per cent, while the exchange rate has remained stable,” she stated.

Speaking further, Okonjo-Iwuala said: “Government is also building up the necessary savings to cushion the economy against a possible global recession or collapse of oil prices. For instance, the balance in the excess crude account has increased from $4.22 billion in August 2011 to about $9 billion at the end of 2012.

“In addition, we have launched Nigeria’s Sovereign Wealth Fund, with an initial capitalization of $1 billion, and we hope to increase this Fund further in the future. Our foreign reserves have also grown steadily, and now stand at $47.38 billion as at the end of February 2013 – the highest level for almost 3 years!

“There has been strong external validation of the management of Nigeria’s economy, despite the global economic slowdown. The leading international rating agencies – Fitch, Standard & Poor’s, and Moody’s – have upgraded the outlook for the Nigerian economy, even at a time when other developed and emerging economies are being downgraded.

“Nigeria’s domestic bonds have also gained international prominence, and were recently included in the JP Morgan and Barclays Emerging Market indices. All these external endorsements provide further testimony to our strong macroeconomic fundamentals.”

The Finance minister continued: “The 2013 Budget makes provision for an aggregate expenditure of N4.987 trillion, representing a modest increase of 6.2% over the N4.697 trillion appropriated for 2012.

“This is made up of N387.97billion for Statutory Transfers; N591.76 billion for Debt Service; N2.38 trillion for Recurrent (Non-Debt) Expenditure, of which N1.717 trillion is the provision for personnel cost while overhead cost is projected at N208.9; and a total of N1.62 trillion has been provisioned for Capital Expenditure. In addition, N273.5 billion has been provisioned for the Subsidy Reinvestment (SURE-P) programme.

“Based on the above assumptions, the gross federally collectible revenue is projected at N11.34 trillion, of which the total revenue available for the Federal Government’s Budget is forecast at N4.1 trillion, representing an increase of 15 per cent over the estimate for 2012. Non-oil revenue is projected to sustain its growth in 2013.”


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RMRDC Urges Investors to Patronise Research Outputs, Embrace Domestic Resource Based Manufacturing

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The Raw Material Research and Development Council (RMRDC) is wooing Nigerian investors to patronise its research outputs by embracing domestic resource based manufacturing that would end Nigeria’s industrial dependency.

The RMRDC made at the Nigeria Manufacturing and Equipment/Nigerian Raw Materials (NME/NIRAM) Expo 2025 through its Director Agricultural and Agro Allied Raw Materials Department, Raw Material Research and Development Council (RMRDC), Dr. Sab C. Ebiriekwe, and the Managing Director of Jola Global Industries Limited, Dr. Moses Omojola, who was formerly a director with RMRDC.

They pointed out that the Nigerian manufacturing sector is relying on importation for over 75 per cent of its industrial inputs while about 80 per cent of manufacturing firms in Nigeria are owned by foreigners.

Ebiriekwe said in his presentation titled “Harnessing Local Resources: Enhancing Value Addition Through Innovation in Raw Material Sourcing” that Nigeria is grappling with industrial dependency despite being endowed with vast natural resources, adding that no country industrialises sustainably without local raw material transformation through innovation.

He said that despite the abundance of local raw materials, only 35 per cent of local manufacturers in Nigeria could rely on steady access to local raw materials.

He added that a gap exists between research outcome and practical application as “only 5.0 per cent of research outputs reach commercialisation.”

According to him, Nigeria’s failure to beneficiate and industrialise its raw material is hindering its bid for economic diversification, jobs creation and export competitiveness.

“As value of industrial raw material imported in 2023 was N2.41 trillion; share of imported manufacturing inputs are over 75 per cent and non-oil export is dominated by unprocessed raw/agro products.”

Omojola, who retired as a director with RMRDC, said during the panel session that about 80 per cent of industries in Nigeria are owned by foreigners, especially Asians.

He asked: “How come Nigerians are going into manufacturing? I have lectured in the university and have worked in RMRDC for 25 years but I told myself that it will be disservice to leave RMRDC without taking home one project. And to the glory of  God I am today a manufacturer in Ekiti State.”

According to him, manufacturing “is very stressful but more rewarding,” which is the reason Asians are coming to Nigeria? “When I ask my Asian friends why they are in Nigeria they will reply that Nigeria is good. And now that I have started manufacturing, I have known that Nigeria is good,” he said.

Omojola also challenged politicians to invest the money they have made from politics into manufacturing in order to create more jobs in the economy.

“We should be going into resource based industry. I produce vegetable oil. Today, Indonesia and Malaysia cannot bring in vegetable oil into Nigeria because our own price is cheaper than their own. Therefore, no imported vegetable oil can compete with us,” he said.

The Founder of AfricanFarmer Discovery Hub, Mr. AfricanFarmer Mogaji, said that chemical extracted from water leaf had been used to coat mugs by Oluwa Glass in Ondo State.

“That was innovation. But unfortunately, it was not scaled. In Ibadan, the shell of the cashew nut had been used in making brake pads. We can revisit these innovations at Small and Medium Enterprises (SMEs) level,” Mogaji said.

He also urged retire military generals to invest in manufacturing like their counterparts in Malaysia that funded Malaysia’s turn around.

However, the Managing Director of Spectra Industries Limited, Mr. Duro Kuteyi, said that absence of government’s policies that could protect the SMEs is one of the reasons Nigerians are not going into manufacturing.

Kuteyi said: “Unless government will come up with policy the way India is protecting its products and SMEs, it will take time for us to grow.

“I started using Nigerian raw materials to make products like natural cocoa powder that is good for diabetics, hypertension, etc. We also use soya as one of our basic raw materials.

“But as it is currently, SMEs are finding it difficult in the market place where they are competing with multinationals that are ready to kill them and kill them totally.

“A multinationals firm went to the market and offered generators to my customers to stop dealing on my products.”

The Managing Director of FACCO West Africa, Mr. Femi Adelayo, said that wealthy Nigerians should be encouraged to embrace manufacturing rather than buying houses in Dubai.

Adelayo also said that manufacturers should be supported with a holistic robust policy to ensure their survival and enable Nigeria to withstand the emerging global trade dynamics that is being characterised by punitive tariffs.

He appealed to the RMRDC to help his livestock feed manufacturing firm with raw materials that could substitute for maize and soya. He said: “We work in the feed mill industry where we produce livestock feeds. But maize and soya are major challenges. We will like RMRDC to help us to have alternative protein production.”


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Zinox Chairman Leo Stan Ekeh Donates State-of-the-Art Tech Experience Centre to Federal University Birnin Kebbi

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Federal University Birnin Kebbi (FUB) received a significant boost in its quest to produce globally competitive graduates, following the donation of a multimillion-naira Tech Experience Centre by the Leo Stan Ekeh Foundation (LSEF).

The facility, donated by Mr. Leo Stan Ekeh, Chairman of Zinox Group and Founder of LSEF, was commissioned on his behalf by the President of the Nigeria Computer Society (NCS), Dr. Muhammad Sirajo Aliyu, FNCS.

The centre is equipped with the latest Zinox computers, powered by the iPower renewable energy suite, which features high-performance solar panels and certified lithium batteries. It is also connected to a 24-hour, non-disruptive satellite internet service powered by Starlink, a service that the LSEF has committed to funding for the next five years.

According to Mr. Ekeh, the Tech Experience Centre is dedicated to the use of students and knowledge workers at FUB, with the aim of equipping them with the digital skills and resources required to compete with their peers globally and contribute meaningfully to Nigeria’s economic development.

This centre is one of several cutting-edge technology hubs donated by the Leo Stan Ekeh Foundation to tertiary institutions across Nigeria. It supports the Federal Government’s vision to upgrade the nation’s higher institutions to world-class standards.

For over 25 years, Mr. Ekeh and the Zinox Group have consistently invested in promoting digital education by donating tech laboratories and innovation hubs. In recent years, the Foundation has delivered and equipped centres at St. Augustine University, Lagos, and Imo State University and refurbished older facilities it had donated in the past. According to Mr. Ekeh, the next phase will see the Foundation extend similar interventions to secondary schools across the country.

He called on politicians, government agencies, and wealthy Nigerians to intentionally invest in the nation’s education sector, stressing that a well-educated populace is the Foundation for national development.

Mr. Ekeh expressed his appreciation to the Chairman of the University Council, the council members, Vice Chancellor Professor Muhammad Zaiyan Umar, members of the University Management, staff, and students of FUB, as well as the Honourable Minister of Education, Dr. Tunji Alausa, for their support in accommodating the LSEF’s vision.

Speaking on behalf of the university, Professor Muhammad Zaiyan Umar, Vice Chancellor of FUB, expressed deep appreciation to Mr. Ekeh and the LSEF for the generous donation.

“This Tech Experience Centre will make a remarkable difference in the academic and research output of our students and staff. We are grateful for Mr. Ekeh’s vision, generosity, and long-standing contributions to this institution and to digital education in Nigeria. This facility is more than a building with computers; it is an investment in the future of our graduates and the growth of our nation.”

Speaking on the sidelines of the commissioning, Mr. Chimezie Orisakwe, Head of Corporate Communications for the Zinox Group, highlighted Mr. Ekeh’s sustained promotion of digital learning across Nigeria — from interventions in the media sector to landmark projects with the media, Independent National Electoral Commission (INEC), the National Population Commission (NPC), and others.

He also highlighted Mr. Ekeh’s reflection on the current state of Nigeria’s education sector, warning that many institutions, both public and private, face severe funding deficits. This, he noted, raises the risk of closures, which would deprive graduates of the enduring legacy of their alma maters.

To address these challenges, the Zinox Chairman proposed that the Federal Government adopt a college system and reclassify existing universities. He recommended granting approvals for specialized professional colleges affiliated with reputable universities, similar to the Lagos University Teaching Hospital (LUTH) model with the University of Lagos.

Ekeh emphasized that the quality of an institution’s academic content now matters more than its physical size. Those passionate about establishing tertiary institutions must be focused on their core mission, be willing to invest adequately, and possess the mental and financial capacity to sustain standards.

He further urged that educational institutions be regulated even more stringently than banks, given their central role in producing the human capital that drives both the public and private sectors.

“Educational institutions are not limited liability companies that can be liquidated at will. Their true profit is not in short-term returns but in the quality of graduates they produce, men and women who can lead this nation and give back to the institutions that shaped them,” Ekeh stated.

The donation to FUB is the latest in a long list of interventions by the Zinox Group to support Nigeria’s technological advancement. Through the Leo Stan Ekeh Foundation, the Group has also funded thousands of scholarships, donated modern digital learning facilities nationwide, extended non-interest loans to budding entrepreneurs, and supported churches, hospitals, and humanitarian causes.


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No More Leaks: FIRS Slaps ₦5m Fine on Info Disclosure

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Nigeria Revenue Service (NRS) Act has introduced strict penalties for the unauthorised disclosure of confidential information and documents by its staff, with offenders facing fines of up to N5 million, imprisonment for up to three years, or both.

The NRS Act is one of four bills recently signed into law by President Bola Tinubu, alongside the Nigeria Tax (Fair Taxation) Law, the Nigeria Tax Administration Law, and the Joint Revenue Board (Establishment) Law. The regulations will take effect on January 1, 2026.

In Part VI of the NRS Act, covering miscellaneous provisions, the law designates all internal records—including institutional information, memoranda, and communications—as confidential.

“Without prejudice to the provisions of any other Act concerning data privacy or data protection, institutional information or communication, all internal information, communications, documents or memoranda of the Service are confidential,” the law states.

It further warns that, “Except as otherwise provided under this Act, any other law or any enabling agreement or arrangement or as otherwise authorised by the Executive Chairman or management of the Service, any person who discloses or attempts to disclose institutional information, communication, document or memorandum of the Service is liable on conviction to a fine not exceeding N5,000,000 or imprisonment for a term not exceeding three years or both.”

The provision applies to all officials and individuals involved in the administration of the Act. The NRS also specified that business records, tax returns, notices, assessments, and documents relating to a person’s assets, liabilities, or profits must be “treated as secret.”

Exceptions to the confidentiality rule include disclosures authorised by the service, those mandated by court order, or situations where the information is needed for the enforcement of Nigeria’s tax laws.

The development follows a February 20, 2024, warning from the federal government cautioning civil servants in ministries, departments, and agencies (MDAs) against leaking sensitive documents to the public.


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