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Home Business News Business

House of Reps calls for larger capital projects for the Army in 2021

William Ukpe by William Ukpe
November 6, 2020
in Business
NCC, MDA, SEEPCO, local content laws, CBN Cashless Policy: Reps eye policy reversal, court Emiefele approval , Lawmakers tackle Finance Minister over failed CCTV project worth $460 million , Former Ghanaian President, Mahama begs Buhari to open border Former President of Ghana, John Mahama has appealed to President Muhammadu Buhari to open up its borders saying that Ghana has been heavily affected by Nigeria’s decision to close its borders. Mahama said that for economic activities to resume in West Africa, Nigeria needs to reconsider its decision on the total border closure. He made this plea while delivering the seventh anniversary lecture of investiture into The Realnews Hall of Fame and the unveiling of a book, titled: Pathways to Political and Economic Development of Africa. According to the former president as reported in The Nation, the closure of especially the Benin border, was taking a significant toll on many small and medium businesses, especially in Togo, Ghana and Cote D’Ivoire, which relied on inter-country trade. “I am sure that businesses in Nigeria that rely on supplies from these countries are also suffering. With the signing of the joint border task force agreement between Nigeria and her neighbours, I will like to take this opportunity to appeal to Nigeria to open up her border so that economic activities can resume,” Mahama said. While reacting to the shut down of shops owned by Nigerians by the Ghana Union of Traders’ Association (GUTA) as retaliation to the border closure, Mahama said; “Back home in Ghana, I also look forward to our government’s intervention that brings an immediate cessation to the forceful and illegal closure of shops of foreigners, especially Nigerians, by members of the local trade associations”. Mahama who is a former Chairman of the Economic Community of West Africa States (ECOWAS) spoke on how he still has an abiding interest in the progress of ECOWAS and its people. In this light, he said that Nigeria being the home of ECOWAS and the largest economy in West Africa should not allow the objective principles for establishment of ECOWAS to be lost. Meanwhile, the Vice Chancellor of Niger Delta University, Bayelsa State, Prof. Samuel Edoumiekumo, advised President Muhammadu Buhari not to yield to pressure to reopen the borders. Edoumiekumo who was also present at the lecture said President Buhari should remain firm in his resolve to ensure economic growth and the country’s development as the border closure will generate more revenue for the nation and tackle smuggling., Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry , FMBN ex-MD ordered to refund his salary, submit FMBN accounts over infractions
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The House of Reps Committee on the Army has called for larger capital projects allocations in the Army’s budget for 2021 – to enable the Nigerian Army purchase more weapons to deal with insecurity in the country.

This was disclosed by the Chairman House Committee on Army, Rep Abdulrazaq Namdas, on Thursday, during the Army’s 2021 budget defense at the National Assembly.

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What you should know 

Nairametrics reported in August that the Nigerian Airforce had the highest Capital Expenditure Ceiling allocation among parastatals in the Ministry of Defense, as it got N31.97 billion from the ministry’s total Capital Expenditure Ceiling of N120.04 billion for the year 2021.

The Nigerian Army came second with 23.22% at N27.87 billion, while the Navy got 16.92% of the Defence Ceiling at N12.04 billion.

READ: FG to inject over N198 billion on capital projects in power sector in 2021

The House Committee Chairman said on Thursday that the N27 billion allocated to the Army for capital projects was too small and would strengthen the resolve of its enemies when they hear the amount allocated to the Military.

According to news sources, in yesterday’s Budget Defence, the Nigerian Army proposed a budget of N509 billion, which is higher than its N463 billion 2020 budget.

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The Committee’s Chairman argued that the rise of banditry and insurgency means the Nigerian Army has way more to deal with than even last year.

The Army, represented by Lt. Gen. Lamidi Adeosun, in the Budget defense added that capital project allocations so far have been used to upgrade infrastructure and training.


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William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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