OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...

FG TO SPEND N3TN ON NEW MINIMUM WAGE PENSIONS, GRATUITIES.(PHOTO).


 FG to spend N3tn on new minimum wage, pensions, gratuities


The Federal Government is set to spend N3tn on the new minimum wage and the payment of pensions and gratuities.


The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Friday during a meeting with the Senate Committee on Appropriations, chaired by Olamilekan Adeola.


The minister presented the general principles of the newly amended 2024 budget to the committee at the meeting.


Recall that President Bola Tinubu had, after a meeting with the leadership of the Nigeria Labour Congress and the Trade Union Congress on Thursday, approved a new minimum wage of N70,000 for Nigerian workers. The president also pledged to review the national minimum wage law every three years.


The National Assembly, in both chambers, had on Wednesday passed for first and second readings an amendment of N6.2tn to the 2024 budget, increasing the budget size to N33.7tn.


In a letter to the Senate, read in plenary by the Senate President, Godswill Akpabio, Tinubu sought the withdrawal of N3.2tn from the Consolidated Revenue Fund for capital expenditure. Additionally, he requested another N3tn for additional recurrent expenditure for the year ending on December 31, 2024.


For expeditious consideration, the Senate gave the requests presented as executive bills, first and second readings, and mandated its committees on Appropriations and Finance to inject more legislative inputs and report back within a week. In his lead debate on the Appropriation Amendment Bill, the Senate Leader, Opeyemi Bamidele, said the amendment sought to authorise the issuance of N3.2tn for capital expenditure and N3tn for recurrent expenditure from the consolidated fund. He explained that this would help fund capital infrastructure development, education, healthcare access, and public welfare initiatives.


Senator Adamu Aliero supported the bills, citing the need to fund the expected minimum wage for workers. Senator Adams Oshiomhole emphasised the necessity of funding the personnel costs arising from the minimum wage adjustment. He stressed that the increase in personnel expenditure must be legally backed to prevent financial shortfalls.


During the Friday meeting with the Senate Committee on Appropriations, the minister noted that the new budget additions would not be funded by loans but by an already reserved profit.


Bagudu explained that priorities were given to projects that would open up roads for investments and emergencies, while other road projects would be addressed in subsequent batches. He highlighted the country’s historical underinvestment in infrastructure as a root cause of recent problems and commended President Tinubu for addressing the infrastructure deficit.


Bagudu assured that the Federal Executive Council would continue to approve funding for other road projects as funds become available. He provided a sectoral overview of the N3.2tn for the Renewed Hope Infrastructure Projects and the N3tn increase in the recurrent component of the budget.


Senator Adeola affirmed the government’s capacity to finance the 2024 budget and requested a detailed breakdown of the N6.2tn approval.


This breakdown, to be submitted next week, will be debated by both chambers of the National Assembly. Senate Spokesperson, Senator Yemi Adaramodu, confirmed that ministries, departments, and agencies would defend their budget allocations before the relevant Senate committees.


The recurrent budget of N3tn will fund the minimum wage, pensions, and gratuities, while the capital component of N3.2tn will augment existing road projects on state and federal routes, including coastal roads, the Sokoto-Badagry road, railway construction, and dam irrigation.


The Nigeria Labour Congress on Friday night stated that its acceptance of the N70,000 minimum wage proposed by Tinubu was an act of solidarity.


The congress made this known in a statement released at the end of its National Executive Council meeting. The statement, which was signed by the National President of the NLC, Joe Ajaero, affirmed that the NLC would continue to defend the rights of Nigerian workers at all times.


The statement read, “NEC-in-session concluded that this decision, though challenging and far from our initial demand, was made in the spirit of solidarity and sacrifice for the Nigerian masses to avert a threatened further hike in the price of petrol, which would inflict more hardship on the already suffering masses.


“Once again, NEC-in-session restates the commitment of the NLC to continue standing resolutely in its mission to defend and advance the rights of Nigerian workers and the Nigerian people at all times.


“It therefore calls on all Nigerians to unite in this cause and to hold our leaders accountable to the same standards of sacrifice and service.”

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