ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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BUDGET BREAKDOWN: ANAMBRA STATE GOVERNMENT EXPLAINS THE N170 BILLION CONTAINED IN THE 2022 REVISED BUDGET DRAFT.(PHOTOS).

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Budget Breakdown: Anambra State Government Explains The N170 Billion Contained In The 2022 Revised Budget Draft 



Anambra State Government through the ministry of Budget and Economic Planning has given the breakdown of 170 billion naira which is the budget size of the 2022 revised draft budget.

Recall that Governor Chukwuma Soludo presented the revised budget before the members of the state House of Assembly May 19.

The Commissioner for Budget and Economic planning, Ms Chiamaka Nnake who did the breakdown today during a press briefing revealed that the Recurrent expenditure accounts for 36 percent of the total budget while the capital expenditure accounts for the remaining 64 percent.

She went further to explain that about 60 percent of the capital expenditure is targeted at delivering infrastructure that the average citizens can feel, see, use or touch and which will have highest developmental impact.

Ms Nnake also gave the breakdown of the budget allocations across the priorities of the state which include works, transport, security, community choose your project, youth development, water and power, education, health, agriculture, ICT, reforming and digitizing revenue collection in the state, airport work in progress among others.

She also explained that the budget will be funded by 24 percent Internally generated revenue, 36 percent Federal allocation and 40 percent loan.

N108 billion was allocated to capital expenditure while N61.4 billion was allocated to recurrent expenditure for the year ending 2022.

The Commissioner for Information, Mr Paul Nwosu and the permanent secretary in the ministry of Budget and Economic planning, Mrs Stephanie Kerry-Uzo were present during the briefing.
More photos below. 



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