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Sanwo-Olu To Present 2021 Budget To State Assembly Today

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Lagos State Governor Mr. Babajide Olusola Sanwo-Olu will present the Y2021 budget estimates to the Lagos State House of Assembly today, Tuesday, November 10, 2020, at 10am.

The budget session is expected to focus on advancing the T.H.E.M.E.S. Agenda of the State Government.

Members of the public are encouraged to watch the presentation, which will be aired live on Lagos State Television and Radio Lagos/Eko FM.

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Finance

27 Year Old Man Stabbed To Death After Winning N15M Bet

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A 27-year-old man identified as Prince Mieyebi has been reportedly stabbed  to death by three armed men in Warri, Delta State after winning N15 million in a betting game. 

Grassroots.ng gathered that the young man was killed while closing a shop belonging to his Aunt at the popular Ogbe-Ijoh market in Warri South Local Government Area of the State on November 27.

According to reports, the assailants fled with the deceased’s mobile phone after stabbing him on various parts of his body. He died before he was rushed to a near-by hospital.

An uncle to the deceased, Mr. Thomas Ogisi, who confirmed the murder on Saturday, claimed that the deceased had played the betting game a week before his death with all his predictions going through to the sum of N15 million.

It was not clear if the murder is connected to the reported N15 million win as his account could not be accessed since the assailants made away with his phone.

“The boy stays with my elder sister. On that fateful day, they were in Ogbe-Ijoh market and were preparing to close when suddenly three boys blocked him in the shop and they stabbed him. The incident happened around 6pm on Friday. After stabbing him, they collected only his phone and left. Before he was rushed to the hospital, he was already dead,” Mr Ogisi told Daily Independent.

The information we are hearing from his friends indicate that he was killed because he won N15 million from a betting game. He was expecting the money to be paid to him on Wednesday before he was stabbed to death on Monday. Some of his friends were aware of the money,”

“We are demanding for justice for the gruesome killing of our son. We want thorough investigation by the police. We are not also happy with the level of security at the market.” he added.

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Finance

Rivers Executive Council Approves Budgetary Proposal Of Over N448 Billion For 2021

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Rivers State Executive Council has approved a budget proposal of Four Hundred and Forty Eight Billion, Six hundred and Sixty million, Seven Hundred and Seventy Three Thousand, Four Hundred Seventy Six Naira (N448,660,773.000) for 2021 fiscal year.

The approval was given during the council meeting on Monday, 30th November 2020, which was presided over by the State Governor, Nyesom Ezenwo Wike at the Banquet Hall of Government House, Port Harcourt.

Commissioner for Finance, Mr. Isaac Kamalu who briefed journalists after the meeting said the proposed budgetary estimate will help government to accomplish all ongoing projects in the state and also enable the government to make life better for the people.

Mr Kamalu, who is also supervising the affairs of the State Ministry of Budget and Economic Planning, said the council also approved the Medium Term Expenditure Framework for the State for 2021-2023.

Also addressing the journalists, Commissioner for Information and Communications, Paulinus Nsirim said the council further approved a budget for use by the Rivers State Independent Electoral Commission (RSIEC). The budget will enable the State electoral umpire to conduct the 2021 Local Government election in the State.

According to him, a total sum of Two Billion, Seven Hundred and Forty Seven Million, Three Hundred and Fifty One Thousand, Four and Five Naira, Thirteen Kobo (N2,747,351,405.13) was approved for RSIEC, which is expected to conduct the local government election in line with 1999 constitution.

The Information Commissioner, further said that the council also approved the construction of a new motor park within the precinct of the newly commissioned Rebisi Flyover, which is intended to curb activities of illegal park operators in that axis.

“This is in line with the urban renewal vision of His Excellency. Recall that the new Rebisi Flyover Bridge that was commissioned a few weeks ago has changed the landscape and skyline in that vicinity.

“And to ensure that the illegal motor park around the flyover does not deface the aesthetics that have been achieved, government is acquiring land near the flyover bridge to build a befitting motor park for them.”

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Finance

CACOVID To Donate N100bn For Arms, Rebuild 44 Police Stations

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The Coalition Alliance Against COVID-19 pledged to rehabilitate all the police stations that were burnt down in the country during the recent #EndSARS protests, the Central Bank of Nigeria (CBN) revealed on Wednesday.

The CBN Governor disclosed that CACOVID had so far spent N43.27bn on the acquisition of medical equipment and supplies, and food palliatives for the vulnerable, among others.

Godwin Emefiele, said, “CACOVID has committed to fully rehabilitate all 44 damaged and destroyed police stations nationwide in a bid to restore provision of security in affected locations.

“To further strengthen the security apparatus in the country, CACOVID has committed to provide over N100bn to procure equipment and gadgets for the Nigerian Police Force over the next two years; as our contribution to fully modernise the Nigerian Police.”

He said its preliminary analysis indicated that unemployment, particularly among the youth, was a critical factor behind the unrest.

As a result, he said, CACOVID had committed to create a high impact youth development programme that would provide technical and vocational education to over four million Nigerian youths over the next five years.

“Over N150bn is expected to be deployed towards the set up and implementation of the youth development programme, which will be available at select training centers across the country,” he said.

Emefiele said selected students on conclusion of the programme would be certified by the appropriate standards board and would be eligible to receive loans to support their entrepreneurial pursuits.

So far, he said, over N25bn would be domiciled in a fund to support these entrepreneurial pursuits, which would also include acquisition of related equipment to conduct business activities.

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