FOLLOWING the drop in the revenue from federation allocation to
states in the country, Akwa Ibom State House of Assembly has advised the
various ministries, departments and agencies of government to
prioritize the items on their budget proposals that will generate
revenue for the state.
Chairman, House Committee on Finance and Appropriations, Mr. Usoro
Akpanusoh, gave the advice, yesterday, during the 2016 budget defence
organised by his committee for the 57 MDAs in the state. Gov Emmanuel Udom of Akwa-Ibom
This came as most of the MDAs demanded for increase in the vote
appropriated for them for year 2016 while making their presentations
during the budget defense.
Akpanusoh appealed to them to understand the current economic
situation in the country and ensure judicious use of the funds allocated
to the items in their proposals for the effective implementation of the
2016 budget.
He said, “My appeal is that you should prioritize items on your
budget. There is no need asking for more allocation of funds especially
when you are not sure that you will access all during the fiscal year.”
He said that with the drop in the oil revenue, the state was seeking
other ways of improving its internally generated revenue to fund the
2016 budget.
The systems used included the Direct Rule, the Indirect Rule and the Settler Rule. Direct rule Imperialist countries that established a home base in a claimed territory used the direct rule method. With direct rule, conquering nations transplanted their language, culture and system of government into a subordinate territory. The government overtly attempted to "civilize" the indigenous people by undermining their traditional institutions. Native inhabitants who wished to succeed under direct rule had to adopt the values and lifestyle of the ruling power. They had centralized administrations, usually in urban centres that stressed policies of assimilation. Direct rule also used the strategy of "divide and rule" by implementing policies that intentionally weakened indigenous power networks and institutions. The people in the colonies were under direct rule of the mother country. The natives of the colony were like inhabitants of the mother country. Th...
The Economic and Financial Crimes Commission,EFCC, has arrested a former Minister of State for Finance, Bashir Yuguda, for his alleged involvement in the sharing of the N450m allocated to Zamfara State out of the $115m deposited in Fidelity Bank Plc. by former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, during the 2015 general elections. Yuguda is one of the former ministers in the administration of former President Goodluck Jonathan who are being investigated by the anti-graft agency. Yuguda, in his statement, on Wednesday, May 11, 2016, admitted to have collected N450 million in his capacity as a chieftain of the PDP, in his state. The former minister, who hails from Zamfara State, also stated that he supervised the sharing of the money in his home. According to him, a former Secretary to the Zamfara State Government and member of PDP Presidential Campaign Committee 2015, Aminu Ahmed Nahuche, collected the sum of N450m ...
