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TSA, BVN eliminating ghost workers in government – NITDA Boss

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Malam Kashifu Abdullahi, Director-General (DG), National Information Technology Development Agency (NITDA) has said  the use of Treasury Single Account (TSA) and Bank Verification Number (BVN) have eliminated ghost workers on governments payroll.

Abdullahi revealed this during the 2021 Pre-Democracy day conference organised by the Global Integrity Crusade Network (GICN) in collaboration with Transparency Advocacy for Development Initiative (TADI) on Friday in Abuja.

The conference with the  theme: “Appraising the Impact of President Muhammadu Buhari’s Anti-Corruption Fight on the Nigerian Economy since 2015”  was attended by several CSOs, anti-corruption agencies among others.

Abdullahi represented by Dr Usman Abdullahi, Director IT Infrastructure Solution at NITDA, said the use of ICT had also helped the government save lots of funds and made the fight against corruption easier.

According to him, ICT is critical towards the fight against corruption by making tracking of activities easier, thereby enabling government to save billions of naira.

“The implementation of the Treasury Single Account, Bank Verification Number has helped government save billions of naira, eliminated ghost workers and made tracking and tracing of activities of government especially the fight against corruption easier.

“President Muhammadu Buhari’s agenda is fighting corruption, insecurity, facilitating and diversifying the economic and this has been majorly achieved with the use of ICT.

“Though corruption has not been eliminated completely, but it limits it and makes it transparent because transparency and accountability is put to use.

” So if there is a success story for this administration, it is the TSA because it has made substantial impact. If not because of TSA we wouldn’t be where we are today.

“We know the challenges we have as a country in terms of funds, particularly in government that is why the government is not able to do those things.

” So with the little money, government was able to save through TSA and a lot has been achieved,” he said.

Earlier, Dr Isa Pantami, Minister of Communications and Digital Economy, highlighted the role ICT had played in curbing corruption in the country.

Pantami, represented by Dr Abimbola Alale, MD/CEO, Nigerian Communications Satellite Limited (NIGCOMSAT LTD) added that over N23 billion had been saved by the ministry on ICT projects under the current administration.

Also, Mr. Baba Ashiru,  Director, Public and Enlightenment Department at the Independent Corrupt Practices Commission (ICPC),  said every individual in the country could participate in the fight against corruption.

Ashiru, represented by Mrs Kemebradikum Badejo, Head, Media and Events, ICPC noted  that Nigerians could be involved in the fight through any of its platforms based on their preference, specialties and qualifications.

“We have the Students Anti-Corruption cCubs meant for students in primary, secondary schools. Students Anti-Corruption Vanguard for tertiary institutions and the NYSC Anti-Corruption CDS Group.

” We also have the National Anti-Corruption Coalition meant for NGOs, CSOs, faith-based
organisations. Anti-Corruption and Transparency Monitory Unit meant for MDAs functioning like a mini-ICPC all in a bid to ensure a corruption free society,” he said.

In his welcome address, the Chairman, Board of Trustees and President of GICN, Edward Omaha, said the conference was convened to address the question of corruption as it affects the Nigerian economy.

Omaha said it also aimed at encouraging all to join hands in promoting good governance for sustainable development.

According to him, recent protests and uprisings in the country have sent clear messages that the people will no longer tolerate cynical and corrupt practices.

He said citizens had been demanding transformation of economic, legal and social structures indifferent to accountability.

“No doubt, corruption has disproportionately impacted women, children and the vulnerable, limiting their access to information and public resources.

“At the advent of Covid-19 pandemic, instances abound where inadequate oversight and or lack of transparency on the side of relevant Government Agencies led to the diversion of relief materials from those in need to warehouses or private residences.

“These corrupt acts when uncovered resulted in massive upheavals from citizens who felt cheated.

“Today’s Conference therefore, acknowledges the need for the government to restore public trust and faith in our social contract by taking concrete steps to eliminate corruption,” he said. (NAN)

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Business & Economy

N’Assembly Positioning Nigeria For One Trillion Dollar Economy by 2030 – Bamidele  

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Senate Leader, Michael Opeyemi Bamidele
Leader of the Senate, Senator Michael Opeyemi Bamidele
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The Leader of the Senate, Senator Opeyemi Bamidele on Tuesday reeled out the accomplishments of the 10th National Assembly, saying the upper chamber had been passing diverse laws aimed at creating an environment for economic competitiveness and positioning Nigeria for a $1 trillion economy by 2030.

Bamidele, currently representing Ekiti Central, added that many of these legislative initiatives are already making a difference in the daily lives of the citizenry and the collective prosperity of the country.

He made these remarks yesterday at a meeting with the delegation of the United Kingdom Parliament held at the conference room, New Senate Wing, National Assembly Complex, Abuja.

Led by MP Kate Osamor of Edmonton & Winchmore Hill, the delegation comprises a member of the Parliament for Dumfriesshire, Clydesdale & Tweeddale, Rt. Hon. David Mundell; member of the Parliament for Westminster North; Dame Karen Buck; member of the House of Lords; Lord Jonathan Oates; member of the Parliament for Worthing West; Dr Beccy Cooper and member of the Parliament for Plymouth Moor View; Rt Hon. Fred Thomas, among others.

At the session with members of the UK Parliament, Bamidele explained that the National Assembly would continue to play pivotal roles in building a resilient economy and functional political system, which guarantees the security of the citizenry.

He said: “Since the birth of the 10th Senate about two years ago, I have been discharging the duties of my office with modest records of accomplishment. One of such accomplishments is the timely passage of key legislations, particularly in the areas of fiscal reform and national security

“By engaging my colleagues across all political divides, we have successfully passed laws aimed at creating an environment for economic competitiveness and positioning Nigeria for a $1 trillion economy by 2030. I am proud to say that many of these legislative initiatives are already making a difference in the daily lives of our citizens.

“As we look towards the future, we remain deeply committed to strengthening Nigeria’s democratic institutions and ensuring that the National Assembly continues to play its pivotal role in building a resilient economy and a functional political system that guarantees the security of all.”

Bamidele disclosed that the nation’s parliament is building synergy with different parliamentary associations and institutions across the world to address the dearth of institutional capacity.

In her own presentation, the leader of the delegation, MP Kate Osamor, solicited for inclusion of more women in the National Assembly to address the existing gender gap in the nation’s electoral offices.

Osamor said: “We have to make sure more women are in the parliament. Every society is a reflection of elected representatives.”

On the issue of gender sensitivity, the senate leader promised the delegation that the 10th Senate would give priority attention to the issue, recalling that the 9th Senate was almost resolving the issue before it came to an end in June 2023.

 

 

 

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CBN Stops Free Withdrawals For Customers Using Other Banks’ ATMs

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CBN Headquarters Abuja
CBN Headquarters Abuja
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The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs.

This was contained in a circular dated February 10, 2025, and addressed to all banks and financial institutions, the apex bank’s acting Director of Financial Policy and Regulation Department, John Onojah.

“The three free monthly withdrawals allowed for remote-on-us (other bank’s customers/not-on-us consumers) in Nigeria under Section 10.6.2 of the Guide shall no longer apply,” the circular partly read.

The CBN directed banks and other financial institutions to apply the following charges with effect from March 1, 2025.

The apex bank said while customers withdrawing at the ATMs of their banks and financial institutions won’t be charged, customers withdrawing from the ATM of other banks would now be charged ₦100 per every ₦20,000.

The CBN said for off-site ATMs — automated teller machines not on a bank’s premises – like those at shopping malls, eateries and other public places — a surcharge of not more than ₦500 per every ₦20,000 will apply in addition to the statutory ₦100 fee for withdrawals by customers of other banks’ ATMs.

The apex bank attributed the reviewed charges to rising costs and the need to improve the efficiency of ATM services in the country.

“This review is expected to accelerate the deployment of ATMs and ensure that appropriate charges are applied by financial institutions to consumers of the service,” the circular stated.

 

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Senate Passes MTEF/ FSP, To Probe N8.4tn Withheld Subsidy Funds By NNPCL

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Nigerian Senate
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The Senate has passed the 2024 – 2026 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for implementation by the Federal Government.

The passage followed the presentation of a report by the chairman of the Joint Committees on Finance and National Planning & Economic Affairs presented by Sen. Musa, Mohammed Sani (Niger East).

The senate also tasked its Committees on Finance and Petroleum as well as Gas to investigate allegations of withheld funds by the NNPC, including NGN 8.48 trillion in petrol subsidies, and $2 billion (NGN 3.6 trillion) in unpaid taxes.

The allegation was highlighted by reports from the Nigeria Extractive Industries Transparency Initiative (NEITI) and the Revenue Mobilization, Allocation, and Fiscal Responsibility Commission.

The development comes following the Office of the Auditor-General of the Federation, saying it had received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim by the Nigerian National Petroleum Company Limited against the government.

The Senate approved the exchange rate projection of 1,400 USD for 2025-2027 with a provision for review in early 2025, based on prevailing monetary and fiscal policies.

They also resolved that any excess on the official figure would be used for debt servicing.

During the debate on the report submitted by the Chairman Senate Committee on Appropriations, Senator Sani Musa (APC, Nigeria East ), the Lawmakers also demanded a reduction in the petrol prices against the backdrop of the commencement of the Port Harcourt Refinery.

Chairman of the Senate Committee on Appropriations, Senator Adeola Olamilekan referenced the Federal Government’s Compressed Natural Gas initiative as the underlying imperative for the adoption of the N1400 to one dollar.

According to him: “With the functioning of our refineries the demand for Forex will drop. With the CNG initiative, Nigerians will have an option for your information if you leave Benin to Lagos the amount of fuel is about 130 thousand but with CNG you can’t use more than 48 thousand Naira. Another issue to be addressed is the recurrent to-capital ratio which is very high.

The need to support the manufacturing industries was also raised by Senator Yahaya Abdullahi, of the Peoples Democratic Party, Kebbi North if the projections of the MTEF are to be achieved.

In their resolutions, the Senate also adopted inflation rate projections of 15.75, 14.21 and 10.04 per cent for 2025, 2026 and 2017 respectively.

According to the recommendations, “The 2025 Federal Government of Nigeria budget proposed spending of N47.9trilion of which N34.82 trillion is retained. New borrowings stood at N9.22tn, made up of both domestic and foreign borrowings.

Capital expenditure is projected at 16.48 trillion naira with statutory transfers standing at 4.26 trillion naira and sinking funds projected at N430.27billion.

 

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