The
atmosphere was charged, yesterday, as participants at the special Town Hall
meeting organized by Ministry of Information and Culture, in collaboration with
the Alumni Association of National Institute for Policy and Strategic Studies,
AANI, in Abuja, confronted nine ministers, demanding for quick remedy to the
current economic hardship in the country. President Buhari says We must produce
our food locally President Buhari says We must produce our food locally Some of
the aggrieved participants told the ministers that Nigerians were tired of the
talkshops and that government should do more to put food on their tables.
Speaking at the meeting, Minister of Budget and National Planning, Senator
Udoma Udo Udoma, said 2017 Budget would be submitted to the National Assembly
by October this year. According to the minister, necessary consultations on
preparing the 2017 budget are ongoing. He revealed that government had already
released N331.5 billion to date, as part of capital allocation of the 2016
budget, to key ministries covering sectors that will turn around the economy.
He said the ministries that received the capital released were power, works and
housing, defence and security, water resources, transportation, agriculture and
Niger Delta. N100bn ready for capital projects Presenting his scorecard at the
meeting, Minister of Works, Power and Housing, Mr. Babatunde Fashola, told the
audience that the present administration had been able to reverse the negative
trend of spending the bigger chunk of its annual budget on recurrent
expenditure to capital by increasing the vote from 10-15 per cent to 30 per
cent in the 2016 budget. He, however, disclosed that the Federal Government was
ready to release additional N100,00 billion for capital expenditure, in
addition to the N331 billion earlier released in June. Of the N331 billion,
Fashola said his ministry received N102 billion as at July 29, and had paid N70
billion to contractors, project managers, consultant, who had not received
money for about two and half years. He said: “We are paying out, with the
understanding that they will begin to bring back all the workers they have laid
off. That is the way to go, and out of this recession. We are not doing
anything usual, but working with thinner resources to do more. On power He
explained that the administration was trying to complete transmission lines
from Gurara, Kashim Mambila plants, and some other NIPP projects across the
country to boost power supply. The idea, he said, was to evacuate power
immediately after generation, saying progress is being made on other
transmission lines. Borrowing In her presentation, Minister of Finance, Mrs.
Kemi Adeosun, said the current effort by Federal Government to borrow some
funds was justifiable, in the sense that the funds would be channelled into
infrastructure development. Adeosun, who bemoaned the present economic hardship
in the country, told the audience that she also inherited 1.2 million civil
servants, with over N160 billion total wage bill per month. She described the
size of the public sector as a reflection of the failure of the private sector
in the country. “We can’t continue that way. That is why we have a very
conservative appetite for borrowing,” Adeosun said, adding that there was no
quick solution to the present economic challenges. She noted that there was a
fundamental problem but assured that government was moving in the right
direction. Adopts ranching On his part, Minister of Agriculture and Rural
Development, Chief Audu Ogbeh, said the Federal Government had adopted ranching
as the only remedy to the lingering farmers and herdsmen crisis in the country.
Ogbeh, who traced the problem to the Structural Adjustment Programme, SAP, of
Babangida’s administration of 1986, pointed out that “the situation in Nigeria
at present did not start today.” He said: “This recession started long time ago
in 1986, when the then federal government introduced structural adjustment
programme. Then we threw our doors open for all kinds of importation.” To
partner states in mining Also in his presentation at the meeting, Minister of
Solid Minerals, Dr. Kayode Fayemi, stated that there should be synergy among
the federal, state and local governments for mining to thrive in the country.
He said: “Solid mineral is the backbone of industrialization. About $3.3
billion of skilled labor in iron ore and steel is imported into the country.
This has to stop for the sector to move forward. ‘’We do not want people to
come into the sector and export mining products. If you are in it, you have to
set up processing plants to enable us create resources available in that area
and send out finished products like cement,’’ Fayemi said. Earlier, the
Minister of Information and Culture, Alhaji Lai Mohammed, had said the
administration was always willing to engage with Nigerians to explain its
policies and programmes, as well as seek the necessary input from them. He
lamented that some individuals and groups had made it their pastime to
continually castigate the present government over an economic situation which
was not its own making.
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