The atmosphere was charged, yesterday, as
participants at the special Town Hall meeting organized
by Ministry of Information and Culture, in collaboration
with the Alumni Association of National Institute for
Policy and Strategic Studies, AANI, in Abuja, confronted
nine ministers, demanding for quick remedy to the
current economic hardship in the country.
Some of the aggrieved participants told the ministers
that Nigerians were tired of the talkshops and that
government should do more to put food on their tables.
Speaking at the meeting, Minister of Budget and National
Planning, Senator Udoma Udo Udoma, said 2017 Budget
would be submitted to the National Assembly by October
this year.
According to the minister, necessary consultations on
preparing the 2017 budget are ongoing.
He revealed that government had already released
N331.5 billion to date, as part of capital allocation of the
2016 budget, to key ministries covering sectors that will
turn around the economy.
He said the ministries that received the capital released
were power, works and housing, defence and security,
water resources, transportation, agriculture and Niger
Delta.
*-N100bn ready for capital projects-*
Presenting his scorecard at the meeting, Minister of
Works, Power and Housing, Mr. Babatunde Fashola, told
the audience that the present administration had been
able to reverse the negative trend of spending the bigger
chunk of its annual budget on recurrent expenditure to
capital by increasing the vote from 10-15 per cent to 30
per cent in the 2016 budget.
He, however, disclosed that the Federal Government was
ready to release additional N100,00 billion for capital
expenditure, in addition to the N331 billion earlier
released in June.
Of the N331 billion, Fashola said his ministry received
N102 billion as at July 29, and had paid N70 billion to
contractors, project managers, consultant, who had not
received money for about two and half years.
He said: “We are paying out, with the understanding that
they will begin to bring back all the workers they have
laid off. That is the way to go, and out of this recession.
We are not doing anything usual, but working with
thinner resources to do more.
*-On power-*
He explained that the administration was trying to
complete transmission lines from Gurara, Kashim
Mambila plants, and some other NIPP projects across
the country to boost power supply. The idea, he said,
was to evacuate power immediately after generation,
saying progress is being made on other transmission
lines.
*-Borrowing-*
In her presentation, Minister of Finance, Mrs. Kemi
Adeosun, said the current effort by Federal Government
to borrow some funds was justifiable, in the sense that
the funds would be channelled into infrastructure
development.
Adeosun, who bemoaned the present economic
hardship in the country, told the audience that she also
inherited 1.2 million civil servants, with over N160 billion
total wage bill per month.
She described the size of the public sector as a reflection
of the failure of the private sector in the country.
“We can’t continue that way. That is why we have a very
conservative appetite for borrowing,” Adeosun said,
adding that there was no quick solution to the present
economic challenges. She noted that there was a
fundamental problem but assured that government was
moving in the right direction.
*-Adopts ranching-*
On his part, Minister of Agriculture and Rural
Development, Chief Audu Ogbeh, said the Federal
Government had adopted ranching as the only remedy
to the lingering farmers and herdsmen crisis in the
country.
Ogbeh, who traced the problem to the Structural
Adjustment Programme, SAP, of Babangida’s
administration of 1986, pointed out that "the situation in
Nigeria at present did not start today."
He said: “This recession started long time ago in 1986,
when the then federal government introduced structural
adjustment programme. Then we threw our doors open
for all kinds of importation.”
*-To partner states in mining-*
Also in his presentation at the meeting, Minister of Solid
Minerals, Dr. Kayode Fayemi, stated that there should be
synergy among the federal, state and local governments
for mining to thrive in the country.
He said: "Solid mineral is the backbone of
industrialization. About $3.3 billion of skilled labor in
iron ore and steel is imported into the country. This has
to stop for the sector to move forward.
‘’We do not want people to come into the sector and
export mining products. If you are in it, you have to set
up processing plants to enable us create resources
available in that area and send out finished products like
cement,’’ Fayemi said.
Earlier, the Minister of Information and Culture, Alhaji
Lai Mohammed, had said the administration was always
willing to engage with Nigerians to explain its policies
and programmes, as well as seek the necessary input
from them.
He lamented that some individuals and groups had
made it their pastime to continually castigate the present
government over an economic situation which was not
its own making.
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