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Akwa Ibom State House of Assembly Puts Election Imbroglio Behind, Passes 2019 Budget

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The 2019 budget for Akwa Ibom state recently passed as the state shakes the election rumbles off, has a total outlay of N672,984,760,760 made up of N447,902,796,440 for capital expenditure, N97,395,624,590 for recurrent expenditure and N127,686,339,730 for consolidated revenue fund charges.
The House on Wednesday also passed into law the Akwa Ibom Youth Development Fund Bill, christened the 2019 appropriation bill ‘the budget of industrialization and poverty alleviation’.
In his remarks after the passing into law of the budget, Speaker of the House, Rt. Hon. Onofiok Luke said the state’s 2019 budget was an economic transition proposal which will support the completion agenda of the Governor Udom Emmanuel administration.
He said: “While this is the last budget that we have had the privilege to legislate upon as the 6th assembly, it stands as the pioneer economic blueprint for the proposed Completion Agenda of the next 4 years.
“As a legislature, we have reviewed the key components of the appropriation law, weighing them against the policy objectives which leverage the short and long term development ambitions of government.
He noted that “to meet salient socio-economic agenda of government, which includes infrastructural development, job creation, and revenue generation, the total budget size was increased by a little over 2billion Naira to meet the expectations of stakeholders who considered the parameters for the 2019 proposals during the public hearing on the budget.”
According to him, the inputs by the people during the public hearing inspired need-based augmentations especially in the Social Sector.
“Our overall objective was to see to it that priority was given to areas of immediate importance to the people while we pursue the larger goal of full-scale industrialisation.
“For instance, to further strengthen secondary education in the state, augmentation to the tune of 61.976 million Naira was made to the State Secondary Education Board. We made similar augmentation to the Akwa Ibom Universal Basic Education Board where specific provisions were made for the upgrade of library facilities with reading materials including newspapers, magazines and journals for our children. To strengthen local government administration, we augmented the initial 150 million Naira provision for Local Government Service Commission by 447million Naira. Under that provision, we included an extra subhead providing for the establishment and setting up of computer units and laboratories at the Local Government Service Commission and in all the 31 Local Government Areas in the state.”

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UBA Partners LCCI for 2019 Lagos International Trade Fair

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Pan African financial services institution, United Bank for Africa (UBA) Plc, and the Lagos Chamber of Commerce and Industry(LCCI), have partnered to organize the 2019 edition of the Lagos International Trade Fair.

 

The Fair, which holds between November 1st and 10th, 2019, is the 33rd edition and is expected to provide an avenue for networking and other business opportunities that will assist to catapult business activities in Africa’s largest and busiest city, Lagos and in Nigeria.

 

UBA, which is the headline partner will be working together with LCCI, to provide a veritable platform that is intended to grow both domestic and international trade. It further presents participants and visitors with opportunities to seal medium and top business deals.

 

In line with UBA’s unflinching support to the growth of small and medium enterprises (SMEs), the bank is giving a 20% discount to its Small and Medium business customers who register to attend the fair.

 

UBA’s Group Head, Marketing, Mrs Dupe Olusola, who expressed excitement at the partnership, noted that the bank, with its extensive spread across Africa and other major economies of the world, is always on the lookout for partnership opportunities that will benefit the business environment and the economies where it operates.

 

Olusola noted that the Bank is delighted as this year’s Lagos International Trade Fair is coming after a very successful organisation of UBAmarketplace by the Bank in Abuja, where over 120 SMEs from 20 African countries exhibited their products, attracting over 50,000 footfalls.

 

She said, “UBA, the Pan African financial institution, has branches in 20 African countries, including the United Kingdom, the United States of America and France and has always been involved in activities that aim to strengthen business connections and networks across key economies.

 

“Thus, we have decided to partner with LCCI to promote this year’s fair which is in its 33rd edition because the Lagos International Trade Fair has become a genuine avenue for both domestic and international trade through business to business meetings, product launches, enlightenment opportunities for government agencies’ programmes, and international trade partnership deals across borders” she explained.

 

She added that the partnership will also offer the bank the opportunities to showcase its array of products to its teeming and new customers, adding that the bank will set up stands at various points to serve its customers and attend to various concerns.

 

The Director General of the Lagos Chamber of Commerce and Industry, Mr. Muda Yusuf who praised the collaboration between both institutions, noted that it is a partnership that is expected to yield great benefits, owing to the fact that the LITF hosts an average of 2,000 exhibitors annually, with over 200 foreign exhibitors from 16 countries.

 

He also added that arrangements have been put in place to make this year’s fair even bigger and better than the previous editions, adding that already, existing and potential exhibitors have been responding positively to register and participate at the Fair.

 

“We at LCCI believe that this is part of the bold initiatives of the bank with a corporate culture founded upon strong organizational values and performance-driven operating standards”, Yusuf said.

 

Yusuf stressed that the Chamber would maintain the brand promise of the Fair, with the theme ‘Connecting businesses, Creating value’, adding that this will be sustained this year in all its marketing campaigns.

 

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CABINET TO BE INAUGURATED THIS WEEK – SANWO-OLU

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Lagos State Executive Council will be fully inaugurated on Tuesday, Governor Babajide Sanwo-Olu, has said.

The Governor said he would not delay the swearing-in of Commissioner- and Special Adviser-designates already cleared by the State House of Assembly. He spoke at the weekend while receiving a body of retired top civil servants under the aegis of the Association of Lagos State Retired Heads of Service and Permanent Secretaries (ALARHOSPS).

Sanwo-Olu said that the wheel of governance would be in full gear before the end of the coming week, in fulfillment of his campaign promise to inaugurate his cabinet within 90 days. He added that new Permanent Secretaries would also be sworn in on Monday to complement the activities of Commissioners and Special Advisers.

He said: “Next week, by God’s grace, we are swearing in all other complements of cabinet and also Permanent Secretaries to have the engine of governance on full swing. At that point, we believe that all the campaign promises we made can come to reality and Lagosians can benefit more from the choice they made at the last election.”

The cabinet members are expected to be allocated their individual ministries during the inauguration ceremony, scheduled to start at 9am.

The Governor described the body of retired civil servants as “valuable assets” to the state, noting that their actions while in service contributed to the “enviable height” Lagos attained among states in the nation.

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YAM FESTIVAL: OONI CHARGES FARMERS, HERDERS TO EMBRACE PEACE TO ENHANCE PRODUCTIVITY

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The Arole Oodua & Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi Ojaja II on Sunday played host to thousands of Ile Ife natives and guests from other parts of the country to celebrate the 2019 edition of the annual yam festival.

While addressing the multitude at his Ile Oodua Palace in the town, the Ooni who was flanked by his beautiful queen, Olori Naomi Silekunola Ogunwusi, Ife High-Chiefs, priests, farmers and traders across the land noted that peaceful coexistence is the secret to economic prosperity.

The foremost African traditional ruler who lamented that the country has suffered economically from the clashes between farmers and herders charged the two groups to embrace peace as a tool to enhance productivity.

“Both farmers and herders are two critical stakeholders in food production, I want to advise them to use peace to boost productivity.

“The government has been trying and has even promised to step up the fight against insecurity in the country. So I call on all stakeholders in food production especially the farmers to be patience with the government’s approach towards stabilizing peaceful coexistence across the country.” Ooni said.

On the motivation behind the recent economic boom across Ile Ife markets, Ooni described the ancient city as the one prominent for countless economic activities earlier before modern civilization.

“The abandoned Ile Ife market also known as Oja Ejigbom’ekun which is the first market in the world and others like the Itakogun and Ajifowobaje markets as well as Oja Tuntun have been revived to bring back the lost economic glories of Ile Ife.” The Ooni noted.

Afterwards, he offered prayers and sliced a tuber of yam which is a declaration that farm produce can now be consumed across the land, after which tubers of yam and other farm produce were shared among the excited participants.

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