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Tag: 2024 Budget

  • Why we increased 2024 budget – Rep Bitchi

    Why we increased 2024 budget – Rep Bitchi

    Chairman of the House of Representatives Committee on Appropriation, Rep Abubakar Bitchi has opened up on why the National Assembly (NASS) increased Nigeria’s 2024 budget by over N1.2 trillion.

    Rep Bitchi disclosed that MDAs pledged to increase their revenue-base in the 2024 fiscal year in order to fund the budget.

    The Rep said this after the House approved the 2024 Budget proposal which was presented before the joint session of the National Assembly by President Bola Tinubu on Nov. 29.

    Tinubu had presented a budget proposal of N27.5 trillion before the lawmakers, while the lawmakers on Dec. 30 approved a total of N28.777 trillion, which was an addition of N1.2 trillion.

    Bichi, however, explained that the rationale behind the increased was because revenue-generating agencies pledged a substantial revenue increase in 2024 to support the budget.

    “We had a meeting with Government-Owned Enterprises (GOEs), we believe that their submissions are not enough. They have agreed to increase their revenue,” Bichi said.

    “That is how we are able to get that N1.2 trillion which we applied to capital.”

    Bichi said the budget increase in the appropriation bill is allocated to the capital component rather than recurrent expenditure.

    “This is the first time the capital component is bigger than recurrent and  I believe this budget is brilliant and Nigerians will see a lot of impacts, ” he said.

    Bichi said a one-day town hall meeting was held where citizens made contributions into the 2024 appropriation bill.

    He added that the joint NASS committee on appropriations worked closely with the executive on the budget.

  • 2024 Budget: Defense, Education to receive largest share (Full List)

    2024 Budget: Defense, Education to receive largest share (Full List)

    The list of Ministries that got the highest allocations have been unveiled according to the approved 2024 budget.

    Findings show that the Ministry of Defence got the highest allocation – N1.3tn in the approved 2024 budget.

    Recall that on Saturday, December 30th, an increased appropriation Bill was passed by both chambers of the National Assembly.

    The parliament increased the budget submitted by President Bola Tinubu by the sum of N1.2 trillion.

    This was made known to newsmen by the Chairman, House Committee on Appropriation, Abubakar Bichi,.

    Bichi said that at the end of the special session on Saturday that the N1.2 trillion increase was because of inflation, as well as the promise by Government Owned Enterprises, GOEs, to increase their revenue.

    See Full List Below

    In the approved budget the Ministry of Defence got the highest allocation of N1.3tn.

    This is followed by the Ministry of Police Affairs with N869.121bn.

    The Ministry of Education got N857.134bn.

    The Ministry of Health and Social Welfare – N667.577bn.

    The Ministry of Interior – N362.552bn.

    The Ministry of Youths – N201.467bn.

    The Office of the National Security Adviser – N199.763bn.

    The Ministry of Foreign Affairs – N140.456bn.

    The Ministry of Agriculture and Food Security – N110.248bn.

    The Office of the Secretary to the Government of the Federation – N100.248bn.

    The Presidency – N97.913bn

  • How NASS inflated 2024 budget by N1.2 trillion

    How NASS inflated 2024 budget by N1.2 trillion

    The National Assembly (NASS), composed of the Senate and the House of Representatives on Saturday passed the 2024 Appropriation Bill, being Nigeria’s 2024 budget.

    TheNewsGuru.com (TNG) reports President Bola Tinubu had on November 29th presented a 2024 budget of N27.5 trillion before a joint session of the NASS.

    However, the 2024 budget passed by both legislative chambers showed an increase of over N1.2 trillion

    Reps pass N28.777 trillion 2024 appropriation bill as judiciary gets highest statutory transfer

    The House of Representatives on Saturday passed the sum of N28.777 trillion in expenditure for the 2024 fiscal year, following a report by Rep. Abubakar Bitch, Chairman, House Committee on Appropriation.

    The approved sum is N1.2 trillion higher than the N27.5 trillion presented by the President during the joint session of the National Assembly.

    Speaker Tajudeen Abbas who read the breakdown of the report during plenary gave the National Judicial Council (NJC) the highest allocation of N341.626 billion under statutory transfer.

    The breakdown of the N28.777 trillion approved budget showed that the sum of N1.743 trillion is for statutory transfers and N8.271 trillion is for debt servicing.

    The sum of N8.769 trillion is for recurrent (non-debt) expenditure, while N9.995 trillion is for capital expenditure for the year ending December 31, 2024.

    The N9.179 trillion fiscal deficit for the year under review is to be financed through asset sales and privatisation (N298,486,421,740); multilateral and bilateral project – N7,828,529,477,860.

    The total debt service of N8.271 trillion was approved for the year 2024, while the sum of N5.300 trillion is to be incurred through domestic debts, including ways and means, and N2.748 trillion through foreign debts.

    Also, the sinking fund for the retirement of maturing promissory notes stands at N223.662 billion.

    The statutory transfer was followed by the Niger Delta Development Commission (NDDC), with N338.925 billion after the NJC.

    The Universal Basic Education Commission (UBEC) got the sum of N263.044 billion; the North East Development Commission (NEDC) got N131.836 billion; and the Basic Healthcare Provision Fund (BHPF) got N131.522 billion.

    The National Agency for Science and Engineering Infrastructure got the sum of N131.522 billion; the Public Complaint Commission got N14.460 billion; and the National Human Rights Commission got N5 billion, respectively.

    The breakdown of the National Assembly budget showed that the sum of N78.624 billion is for the House of Representatives, while N49.145 billion is for the Senate.

    Also, the sum of N36.727 billion is for the NASS Office; N30.807 billion for General Services; N20.388 billion for Legislative Aides; N15.189 billion for Service Wide Vote; and N15 billion for the National Assembly Hospital Project.

    The sum of N12.326 is for the National Assembly Service Commission (NASC); N12.123 billion for the National Assembly Library Complex (take-off grant); and N10 billion for the ongoing construction of NASC headquarters.

    Also, the sum of N9.008 billion was approved for the National Institute for Legislative and Democratic Studies (NILDS) and N4.500 billion for the completion of the ongoing NILDS building.

    The sum of N4 billion was also approved for the National Assembly Recreation Centre, while N4 billion was approved for the design, construction, furnishing, and equipping of the NASS Budget and Research Office.

    The sum of N3 billion was also approved for the procurement of books for the NASS Library, while N3 billion was approved for the Senate Car Park and N3 billion for the House of Representatives Car Park.

    The sum of N3 billion was approved for the upgrade of the NASS key infrastructure, and N3 billion was approved for the design, construction, furnishing, and equipping of the NASS ultramodern printing press, among others.

    From the total sum of N50.451 trillion approved for recurrent (non-debt) expenditure, the Ministry of Defense got the highest allocation of N1.308 trillion.

    This was followed by the Ministry of Police Affairs with N869.121 billion, the Ministry of Education with N857.134 billion, and the Ministry of Health and Social Welfare with N667.577 billion.

    Also, the Ministry of Interior got N362.552 billion, the Ministry of Youth got N201.467 billion, and the National Security Adviser (NSA) got N199.763 billion.

    The Ministry of Foreign Affairs got N140.456 billion, while the Ministry of Agriculture and Food Security got N110.248 billion.

    Also, the Secretary to the Government of the Federation (SGF) got N100.248 billion, and the Presidency got the sum of N97.913 billion.

    Senate passes N28.7 trillion 2024 Appropriation Bill

    Meanwhile, on the floor of the Senate, the lawmakers passed a N28.7 trillion 2024 Appropriation Bill, increasing the budget from the N27.5 trillion presented by President Bola Tinubu with about N1.2 trillion.

    The passage of the bill, followed the approval of a report of the Senate Committee on Appropriation at plenary on Saturday.

    Presenting the report the committee chairman, Sen.Solomon Adeola, said that the Committee adopted the Medium Term Expenditure Framework and Fiscal Paper (MTEF/FSP) approved by the National Assembly in preparing the budget.

    He said the committee adopted the 77.96 dollar per barrel oil benchmark 1.78 mbpd and 800 dollar exchange rate to Naira as against 750 dollars proposed by the executive.

    He listed the highlights of the bill to include a total aggregate expenditure of N28.7 trillion, statutory transfers of N1.7 trillion,recurrent expenditure of N8.7 trillion,while the capital expenditure component stood at N9.9 trillion.

    He said the committee in processing the bill worked closely with the executive harmoniously.

    He said through the close and harmonious appropriation process, the executive forwarded a request for additional funding of some items on expenditure that were not included in the bill as submitted by the President.

    He, however, said that the committee observed that the 2024 Appropriation Bill was presented to the National Assembly late.

    This, he said, was against the Fiscal Responsibility Act that required the Bill to be presented not later than three months before the next financial year.

    Adeola also said there were inconsistencies in the revenue of some Government Owned Enterprises (GOEs).

    He also said that there was removal of some agencies’ personnel costs from the Federal Government payroll and inadequate funding in some allocation of government Ministries, Departments and Agencies(MDAs).

    Adeola said to ensure thorough scrutiny of budget proposals, the executives should comply with the provisions of the Fiscal Responsibility Act.

    He also urged the executive to ensure compliance with the provisions of relevant extant laws, as it concerns government agencies.

    He urged agencies removed from the federal government budget to step up their revenue generation, fund itself and remit more to the Consolidated Revenue Fund (CRF).

    He also called for provision of additional funds to some MDAs not appropriately funded.

    He urged the executive to sustain the increase in capital component over recurrent to ensure developmental programmes across the country.

  • Gov Aiyedatiwa signs 2024 budget into law in Ondo state

    Gov Aiyedatiwa signs 2024 budget into law in Ondo state

    Newly sworn-in Ondo state Governor, Lucky Aiyedatiwa has signed the state’s 2024 budget into law.

    According to tje budget, N395 ,257 billion was signed this Friday at the Exco chamber governor’s office in Akure, after it was passed by the State House of Assembly.

    Recall that Aiyedatiwa had earlier presented a total Budget of N384,533 billion for the 2024 fiscal year to the Assembly.

    The approved budget was increased by N10,724,,000,000 billion.

    Lucky Aiyedatiwa was sworn in as the Ondo State Governor on Wednesday following the confirmation of the death of Rotimi Akeredolu.

    He has since made some key appointments to run his government.

    The Governor is expected to announce his deputy any moment from now.

  • Oyo Govt reacts over frozen accounts as Gov Makinde assents 2024 budget

    Oyo Govt reacts over frozen accounts as Gov Makinde assents 2024 budget

    Oyo State Government says it is still studying the ruling of an Abuja Federal High Court that ordered the freezing of 10 of its bank accounts.

    Special Adviser to the Governor on Media, Mr Sulaiman Olanrewaju, stated this in a chat in Ibadan on Friday.

    Recall that Justice A.O. Ebong had, on Dec. 15, issued an order attaching the state government’s accounts in 10 commercial banks in the country.

    Ebong gave the order while ruling on a garnishee proceeding initiated by the local government chairmen who were sacked by Gov. Seyi Makinde on May 29, 2019.

    The Supreme Court had, on May 7, 2021, voided the sack of the chairmen and councilors, as pronounced by the governor on the day of his inauguration for his first term in office in 2019.

    The sacked council chairmen had gotten a N4,874,889,425.60 judgment against Makinde and other officials and agencies of the state, of which N1.5 billion had been paid, leaving a balance of N3.5 billion.

    But, the special adviser, while speaking with NAN, said that the court ruling was still being studied by the office of the Attorney-General and Commissioner for Justice.

    He said that after the ruling must have been properly studied, the state government would now come up with its own position on the issue at stake.

    “You will agree with me that it is a sensitive matter. So the ruling needs to be properly studied after which government will now come up with its own position,” Sulaiman said.

    Makinde assents to N438.4bn Appropriation Bill for 2024

    Meanwhile, Gov. Seyi Makinde of Oyo State, on Friday, gave his assent to the N438.4 billion Appropriation Bill for  the 2024 fiscal year.

    In a brief speech after signing the document at the Executive Chamber of the Government House, Makinde said he would ensure that the budget achieved at least 80 per cent performance.

    He solicited the support of the lawmakers and organised labour for the effective implementation of the budget for the financial year.

    The Governor had on December 5 presented N434.2 billion budget proposal, tagged “Budget of Economic Recovery” to the House of Assembly.

    It comprised N222.3 billion for capital expenditure and N211.8 billion for recurrent expenditure.

    The lawmakers, however, raised the estimate by N4.2 billion, bringing the sum to N438 billion.

  • Zamfara Assembly walks out Commissioner

    Zamfara Assembly walks out Commissioner

    Zamfara State House of Assembly on Thursday walked out the Commissioner for Budget and Economic Planning, Abdulmalik Gajam, shortly after accompanying the State Governor for the presentation of the State 2024 budget.

    The Speaker, Bilyaminu Moriki, directed the Sergeant-at-Arm to walk out the commissioner from the chamber.

    This followed a motion of urgent importance raised by the member representing Gummi constituency, Bashir Aliyu, which was unanimously adopted by the House.

    In the motion, Aliyu reminded the members of the insolence of the commissioner to the assembly.

    He said that the Assembly had invited Gajam to appear before it on three occasions but refused to turn up or even dignify the assembly with explanation as to why he failed to honour the invitations.

    Aliyu said even though the assembly has been working with the executive for better policies and programmes beneficial to the people of the state, the lawmakers should not condone any act of disrespect to the assembly by any appointee of government.

    “With this therefore, I call on members of the house to kindly support the motion and agree to send out the commissioner from the session, and should henceforth not come to the assembly complex,” Aliyu said.

    Contributing to the motion, the member representing Kaura Namoda South constituency, Aminu Kasuwa-Daji, said the commissioner has been very disrespectful to assembly and entire people of the state.

    He added that Gajam must publicly apologise to the house and the entire people of the state for his insolence.

    Also, the member representing Maradun I constituency, Faruk Dosara, said the House should withdraw its confirmation of the commissioner, and henceforth stop entertaining anything from his ministry.

    The motion was unanimously adopted, and the Speaker ordered that Gajam be walked out of the assembly’s chamber.

  • Budget defence: Senate tells IGP to arrest CAC Registrar General

    Budget defence: Senate tells IGP to arrest CAC Registrar General

    The Senate Committee on Finance has urged the Inspector General of Police to compel the Registrar General of Corporate Affairs Commission,(CAC) Mr Garba Lawal to appear before it for 2024 budget defence within 24 hours.

    The Chairman of the Committee, Sen. Sani Musa said this on Wednesday in Abuja, when officials of CAC appeared before the committee for budget defence.

    Musa said that the Registrar General had refused to honour the Committee’s invitation for the third time.

    He said that the registrar general was needed to provide some information on the discrepancies in the commission’s budget.

    “The four senior officials of the Corporate Affairs Commission having confirmed several letters of invitation by the Clerk of the Senate Committee on Finance could not explain the registrar general absence, “Musa said.

    Also, Sen. Abdul Ningi a member of the committee advised the CAC officials to ensure that the registrar general appeared before the committee, so he could provide the information needed by the committee.

    ”Mr Chairman, it is imperative to understand where they are coming from that this is not the first time they are appearing before the Committee.

    “There was a deliberate discussion with you that there was discrepancies in revenue generation and expenditure by the Corporate Affairs Commission and we said, the Registrar General should be here.

    “Yet you are here and you probably told him that you can do the job.,even if you can do the job, this job is not for you please. Don’t take the bullet that is meant for him,” Ningi said.

  • BREAKING: Oborevwori signs Delta 2024 budget into law

    BREAKING: Oborevwori signs Delta 2024 budget into law

    Delta State Governor, Rt. Hon. Sheriff Oborevwori, Wednesday, in Asaba, assented to the state’s 2024 Appropriation Bill of N724,979,313,867 billion.

    The approved budget is made up of N316,624,462,711 recurrent expenditure while the sum of N408,354,851,156 is for capital expenditure.

    While signing the budget tagged “Budget of Hope and Optimism”, Governor Oborevwori said the 2024 budget is geared towards putting the economy of the state on the path of sustainable growth.

    He remarked that the budget would boost both domestic and direct foreign investments and productivity and enhance the ease of doing business in the state.

    He underscored the significance of the budget, adding that “the law provides a veritable foundation for the sustainable delivery of our social and economic pact – the MORE Agenda to the good people of Delta State.

    He said: “I am happy to welcome you to this budget signing. I am happy because this time last year I stood here to present the 2023 budget for assent as Speaker, but by the grace of God I am sitting here as Governor of Delta to asent to the bill.

    “We have allocated 44% and 56% of the budget to recurrent and capital expenditure amounting to N724,979,313,867 billion total budget size.

    “The budget is very key to the developmental programme of the state and the budget we signed today is less by 12 percent compared to that of 2023.

    “In preparing these estimates, we were very mindful of the current economic realities thus the evident 12% reduction in the size of this budget when compared to that of 2023.

    “We are cutting down on recurring expenditure to free up much needed funds for the sustainable financing of our critical infrastructure and human capital.

    “These would allow for the ease of doing business, attract domestic & direct foreign investments, and improve productivity thus sustaining the growth of our domestic economy.

    “By the grace of God since the commencement of our administration in the last six months we have not borrowed and we are paying our contractors and meeting all our obligations.”

    He commended the Speaker and members of the House of Assembly for their support and cooperation in the interest of the state.

    “The Objectives of the 2024 budget include: To control the effects of inflation through fiscal discipline and judicious allocation of resources, accelerated infrastructural development;  stimulate growth of the non-oil sector and make the economy more resilient to external shocks.

    “The budget will further enhance the business competitiveness of the state by nurturing and promoting the growth of Micro, Small, and Medium Enterprises; create employment for the state’s teeming youth population and raise the productivity of the state’s land, labour, and capital assets.

    “We appreciate the Delta State House of Assembly for the passage of this Bill and previous Administrations for entrenching the core values of service through partnerships, innovation, transparency, accountability, inclusiveness and fiscal responsibility.

    “Let me assure our people of faithful implementation of the 2024 Budget. This administration is focused, process driven, and result-oriented in its governance style.

    “The progress that we have made in the last six months should give hope to our people that the goals we have set in this budget will be pursued with similar zeal and dedication”.

    Presenting the Appropriation Bill, the Speaker of the Assembly, Rt. Hon. Emomotimi Guwor, said that the Bill was presented to the House on November 29 and passed on December 14 after passing through all legislative processes.

    Guwor said the Budget as passed by the House aligned with the state’s policy direction of fiscal discipline, sustainable growth, investment and productivity, transparency, accountability, and efficient and effective service delivery.

    He added that the report of the Finance and Appropriation’s Committee on the Appropriation Bill, 2024 encapsulated consensus view points of the MDAs and the Standing Committees of the House.

  • NASS frowns at 2024 budget of petroleum ministry

    NASS frowns at 2024 budget of petroleum ministry

    The Ministry of Petroleum Resources has presented its budget of N9.641bn to the Joint Committees of Senate and House of Representatives on Petroleum Resources (Upstream and Downstream and Gas Resources).

    The presentation was part of 2023 budget implementation and 2024 budget defence by Ministries, Departments and Agencies (MDAs) to relevant National Assembly Committees.

    The ministry was represented by the Minister of State, Petroleum Resources (Oil), Sen. Heineken Lokpobiri and the Minister of State, Petroleum Resources, (Gas), Mr Ekperikpe Ekpo.

    In his opening remarks at the sitting, the Chairman Senate Committee on Gas, Sen. Jarigbe Agom, said it was their duty as a joint committee to ensure effective allocation of resources for the advancement of the country’s petroleum sector.

    Agom added that the oversight function of the committee was predicated on fostering transparency, efficiency and sustainable development within the Ministry, the Nigerian National Petroleum Company Ltd. (NNPCL) and its subsidiaries.

    He urged all stakeholders to engage in open dialogue and provide insightful inputs that would contribute to the formulation of a budget that aligned with national priorities.

    The legislators raised a number of reservations about some inadequacies and shortcomings of the budget.

    Specifically, they frowned at the paltry budget as it did not capture the refineries and its failure to include other initiatives aimed at alleviating the sufferings of Nigerians occasioned by subsidy removal on Premium Motor Spirit (PMS).

    In his response, Lokpobiri explained that Ministry’s 2024 budget was a substantial improvement on the 2023 budget.

    Lokpobiri also emphasised that the Ministry of Petroleum Resources was more of a policy-driven Ministry and did not execute projects that addressed given concerns.

    He cited the Host Communities Fund provided by the Petroleum Industry Act (PIA) targeted at addressing the concerns of oil producing communities.

    The minister explained that it had many agencies that were mandated to carry out different responsibilities, while the ministry provided policies that would guide the operations of the companies doing business in the oil and gas industry.

    He, therefore, assured the legislators that the concerns they expressed would be taken to the appropriate quarters so that those concerns would be addressed.

    In his remarks, Ekpo stated that the ministry as a policy making organ, was to provide an enabling environment for investment in the oil and gas sector for the good of the country.

    He called for synergy between the executive and legislative arms of government with a view to arriving at a level that would give renewed hope to Nigerians.

  • Tinubu fires warning at new NNPC board, threatens sack

    Tinubu fires warning at new NNPC board, threatens sack

    President Bola Tinubu has urged the Board of the Nigerian National Petroleum Company Limited (NNPCL) to immediately get to work, warning that non-performance would not be tolerated.

    Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, in a statement, said Tinubu said this while inaugurating the Board of the NNPCL at the State House, on Monday in Abuja.

    Tinubu also said that conducts suggesting a sense of entitlement would not be tolerated, warning that the Board could be dissolved without prior notice to members over non-performance.

    “The challenge is corporate governance. Yes, we will improve the security situation. We are working very hard. Sincerely, the Chief Executive Officer, Kyari, is doing very well, and doing all that I know.

    “But you could be suddenly dissolved if there is no sustained excellence in performance. It is my honour to inaugurate this Board, which has people of great integrity. I am honoured that we are doing this. I recognize all of you,’’ he said.

    Tinubu said corporate social responsibility for the Niger Delta must be taken seriously, considering the devastating effects of oil exploration and exploitation on the environment.

    “Niger Delta must be seen as the goose that lays the golden egg, and we must treat that region with the deserved respect and care. It is not asking for too much to ensure quality and constant water supply, schools, medical facilities, and roads.

    “It is not about us. It is about the well-being of the entire country and the lifeblood of the nation. We should care more about the environment. We will do more for security to minimise stealing and vandalisation,’’ he stated.

    The President directed that more attention should be given to gas as Nigeria transitions to cleaner energy, adding: “We need to show that we are committed to the welfare of our country.

    “Take a look at the Petroleum Industry Act (PIA), and know what the pitfalls are. The Cabinet members and Board should decide what we can do differently for production increase, profitability, and governance. It is in your hands. I will work with you,’’ he said.

    In his remarks, the Chairman of the Board, Chief Pius Akinyelure, commended the President for the removal of petrol subsidy, noting that the nation would have drowned in debt, but for his decisiveness.

    “Our focus is to increase production. We must address the problem of stealing and pipeline vandalisation in the Niger Delta. We are aware of the efforts in the past, but we will do more,’’ he said.

    2024: NNPCL pledges to produce 2m barrels of crude oil daily

    Meanwhile, the newly appointed Board and Management team for the Nigerian National Petroleum Company Ltd (NNPCL) on Monday pledged to produce two million barrels of crude oil on a daily basis from 2024.

    Chief Pius Akinyelure, Non-Executive Board Chairman of NNPCL, stated this while briefing State House Correspondents shortly after the inauguration of the board by President Bola Tinubu.

    Akinyelure also promised that the board would overhaul the security architecture of the NNPCL with a view to curb incidents of stealing and vandalisation of pipelines.

    “We have just concluded our inauguration ceremony by Mr President and we have assured him of our collective efforts to turn around the fortune of the Oil and Gas.

    “And to make it a company that we will all be proud of and a company that will help sustain the economy and make sure we create some element of prosperity for Nigerians.”

    He revealed that the President had assured the new board of his support to enable them discharge their mandate diligently and effectively.

    “He (President) has assured us of his support and on our own part too, we have given him our one 100 per cent assurance.

    “We will do the best we can to make sure that the key performance in the oil and gas industry in Nigeria probably will become number one in Africa and probably compete with the leading oil and gas industry around the world.

    “It is not an easy task but we know we had the challenge of oil stealing, vandalisation of our pipelines.

    “Our commitment is to produce at the rate of two million barrels per day anytime from next year.

    “But to do this, we have to overhaul our security architecture, so that the incidences of stealing, vandalisation of pipelines can be reduced.

    “And this will possibly help to keep all our cash book and we will become a better nation,” Akinyelure said.

    Tinubu recently approved the appointment of a new Board and Management team for NNPCL with effect from Dec. 1.

    Chief Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, who made the announcement, said the appointment was in compliance with Section 59 (2) of the Petroleum Industry Act, 2021.

    The appointees are: Chief Pius Akinyelure — Non-Executive Board Chairman, Malam Mele Kolo Kyari — Group Chief Executive Officer, and Alhaji Umar Isa Ajiya — Chief Financial Officer.

    Others are Mr Ledum Mitee — Non-Executive Director, Mr Musa Tumsa — Non-Executive Director, and Mr Ghali Muhammad — Non-Executive Director.

    The rest are Prof. Mustapha Aliyu — Non-Executive Director, Mr David Ogbodo — Non-Executive Director, and Ms Eunice Thomas — Non-Executive Director.