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Makinde sends N50bn supplementary budget to Oyo Assembly

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The Oyo State Governor, Engr Seyi Makinde has sought the consideration and approval of the State House of Assembly for a supplementary budget of #50billion.

The request was contained in a letter sent to the House of Assembly on Tuesday by the Governor and read at plenary by the Speaker, Hon Adebo Ogundoyin.

The Governor said that the #50billion Supplementary Budget was to cater for three major projects not captured in the approved 2021 budget.

The three projects, according to Governor Makinde included,  Ibadan Circular Road which takes the largest sum of Twenty-Five billion naira (#25,000,000,000,00), Iseyin -Ogbomoso Road which takes Fifteen billion naira (#15,000,000,000,00) and Ibadan Airport Improvement which has the lowest sum of Ten billion naira (#10,000,000,000,00).

He added that ” the #50billion will be provided by the Central Bank of Nigeria under the Differentiated Cash Reserves Requirements, DCRR of which #100billion was approved by the House of Assembly.

With this development, the 2021 budget will increase from Two Hundred and Sixty-Eight billion, Seven Hundred and Seventy-Seven million, Nine Hundred and Sixty-Four thousand, Eight Hundred and Sixty naira only (#268,770,964,860,00) to the sum of Three Hundred and Eighteen Billion, Seven Hundred and Seventy million, Nine Hundred and Sixty-four thousand, Eight Hundred and Sixty naira only (318,770,964,860).

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Trump Ends Legal Status for Over 500,000 Immigrants, Orders Mass Expulsions

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The United States has announced the termination of legal status for over 500,000 immigrants, ordering them to leave the country within weeks, as President Donald Trump pushes forward with what he calls the largest deportation campaign in American history.

The sweeping directive, issued on Friday, affects approximately 532,000 Cubans, Haitians, Nicaraguans, and Venezuelans who arrived under a programme launched by Trump’s predecessor, Joe Biden, in October 2022 and later expanded in January 2023.

According to the Department of Homeland Security (DHS), the affected immigrants will lose their legal protections 30 days after the order is published in the Federal Register on Tuesday. This means they must leave the United States by 24 April, unless they secure another immigration status permitting them to stay.

Welcome.US, an organisation that supports asylum seekers, has urged those impacted to “immediately” seek legal counsel regarding their options.

A Reversal of Biden’s Immigration Policy

The Processes for Cubans, Haitians, Nicaraguans, and Venezuelans (CHNV) programme, introduced in January 2023, allowed up to 30,000 migrants per month from these nations to enter the United States for two years. The initiative was designed to offer a “safe and humane” alternative to the dangerous crossings at the US-Mexico border, which had seen a surge in arrivals.

However, the DHS reiterated on Friday that the programme was never meant to provide permanent residency.

“Parole is inherently temporary, and parole alone is not an underlying basis for obtaining any immigration status, nor does it constitute an admission to the United States,” the agency stated.

Mass Deportations Under Trump

Trump, who has made immigration control a cornerstone of his presidency, has vowed to crack down on migrants—particularly those from Latin America.

Last week, he invoked rare wartime legislation to deport more than 200 alleged members of a Venezuelan gang to El Salvador, a country that has controversially offered to imprison both migrants and U.S. citizens at a discounted rate.

The latest order signals Trump’s intent to follow through on his hardline immigration policies, raising concerns among human rights advocates about the humanitarian impact of such mass deportations.

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Trump’s Foreign Aid Cuts Push 80,000 Nigerian Children to Brink of Starvation – UNICEF

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Tens of thousands of malnourished Nigerian children face a dire future as lifesaving food supplies are set to run dry, the United Nations Children’s Agency (UNICEF) warned on Friday, attributing the crisis to a funding shortfall exacerbated by U.S. foreign aid cuts under President Donald Trump’s administration.

The agency said that within the next two months, 80,000 children suffering from severe acute malnutrition in Nigeria could lose access to vital treatment, while a total of 1.3 million children under five in Nigeria and Ethiopia remain at risk of starvation this year.

“Without new funding, we will run out of our supply chain of Ready-to-Use-Therapeutic-Food by May, and that means that 70,000 children in Ethiopia that depend on this type of treatment cannot be served,” UNICEF’s Deputy Executive Director, Kitty Van der Heijden, said in a video press briefing from Abuja. “Interruption to continuous treatment is life-threatening.”

The situation in Nigeria is even more urgent, with UNICEF warning that food supplies for malnourished children could be exhausted as early as the end of this month. Van der Heijden recounted a harrowing experience at a hospital in Maiduguri, where she saw a child so severely malnourished that her skin was peeling off.

U.S. Aid Suspension Escalates Crisis

UNICEF’s funding crisis follows a significant drop in international donor contributions in recent years, compounded by the U.S. government’s decision to halt all foreign aid for 90 days upon Trump’s return to the White House in January.

According to Reuters, the U.S., a major donor to UNICEF, implemented sweeping suspensions on USAID programmes worldwide, disrupting the delivery of essential food and medical aid. The impact has been catastrophic, with global humanitarian efforts thrown into disarray.

“This funding crisis will become a child survival crisis,” Van der Heijden warned, adding that the abrupt nature of the cuts left UNICEF unable to cushion the impact.

Health Services Crippled in Ethiopia

Beyond food shortages, UNICEF highlighted the devastating effects of the funding crunch on health services in Ethiopia. Programmes providing nutrition and malaria care for pregnant women and children have suffered, with 23 mobile health clinics shut down in Afar, leaving only seven operational.

As the crisis unfolds, humanitarian organisations continue to urge global donors to step in and prevent a full-blown catastrophe. Without urgent intervention, tens of thousands of children in Nigeria and Ethiopia may not survive the coming months.

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FAAC Shares N1.7 tn Revenue to Federal, State, Lgs in February 2025

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The Federal Account Allocation Committee (FAAC) has distributed a total revenue of N1.678 trillion among the federal, state, and local governments for February 2025.

The revenue distribution was announced in a statement issued on Saturday by the Director of Press and Public Relations, Bawa Mokwa. The allocation was finalised at the March 2025 FAAC meeting in Abuja, which was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and attended by the Accountant General of the Federation, Shamseldeen Ogunjimi.

Breakdown of Distributable Revenue

The total distributable revenue of N1.678 trillion comprised:

Statutory revenue – N827.633 billion

Value Added Tax (VAT) revenue – N609.430 billion

Electronic Money Transfer Levy (EMTL) revenue – N35.171 billion

Solid Minerals revenue – N28.218 billion

Augmentation – N178 billion

According to the FAAC communiqué, the total gross revenue available for February 2025 was N2.344 trillion. Deductions for the cost of collection amounted to N89.092 billion, while transfers, interventions, refunds, and savings stood at N577.097 billion.

The communiqué also revealed that gross statutory revenue for February 2025 was N1.653 trillion, which was N194.664 billion lower than the N1.848 trillion recorded in January 2025. Similarly, gross VAT revenue fell from N771.886 billion in January to N654.456 billion in February, reflecting a decrease of N117.430 billion.

Revenue Allocation to Tiers of Government

From the total N1.678 trillion distributable revenue:

Federal Government received – N569.656 billion

State Governments received – N562.195 billion

Local Government Councils received – N410.559 billion

Derivation revenue (13% of mineral revenue) to benefiting states – N136.042 billion

Allocation from Statutory Revenue (N827.633 billion)

Federal Government – N366.262 billion

State Governments – N185.773 billion

Local Government Councils – N143.223 billion

Derivation revenue (13%) – N132.374 billion

Allocation from VAT Revenue (N609.430 billion)

Federal Government – N91.415 billion

State Governments – N304.715 billion

Local Government Councils – N213.301 billion

Allocation from EMTL Revenue (N35.171 billion)

Federal Government – N5.276 billion

State Governments – N17.585 billion

Local Government Councils – N12.310 billion

Allocation from Solid Minerals Revenue (N28.218 billion)

Federal Government – N12.933 billion

State Governments – N6.560 billion

Local Government Councils – N5.057 billion

Derivation revenue (13%) – N3.668 billion

Allocation from Augmentation (N178 billion)

Federal Government – N93.770 billion

State Governments – N47.562 billion

Local Government Councils – N36.668 billion

Revenue Trends and Economic Outlook

The FAAC report highlighted a significant increase in Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) revenues for February 2025. However, there were declines in Value Added Tax (VAT), Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and CET Levies compared to the previous month.

 

 

 

 

 

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