The accounts, which will be opened with Zenith Bank, Access Bank, Guarantee Trust Bank, UBA; and First Bank, will be subject to “existing TSA arrangement” and the donations will be used go find a 2020 supplementary budget.
Thursday, May 07, 2020
FG Says COVID-19 Donations To Be Used To Fund Supplementary Budget
The ministry of finance says the federal government will be using private sector COVID-19 donations to fund a 2020 supplementary budget.
The office of the accountant-general of the federation, via a new framework seen by TheCable.ng, said “in addition to the main CACOVID Fund Account with CBN,” President Muhammadu Buhari has “approved the opening of five COVID-19 Donor Accounts”.
The accounts, which will be opened with Zenith Bank, Access Bank, Guarantee Trust Bank, UBA; and First Bank, will be subject to “existing TSA arrangement” and the donations will be used go find a 2020 supplementary budget.
The accounts, which will be opened with Zenith Bank, Access Bank, Guarantee Trust Bank, UBA; and First Bank, will be subject to “existing TSA arrangement” and the donations will be used go find a 2020 supplementary budget.
55 comments:
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What is wrong with our government 😏😏😏😏😏, who didn't we offend?.
ReplyDeleteSo before this pandemic they never had plan for their budget or what.
And Lagos State was complaining of insufficient beds just days ago? Oh God of creation
Delete@Orire,
Delete...Direct our noble cause.
...Guide our leaders right...
@AGELESS T
Shame on them
DeleteEvil people
DeleteI have concluded that the so-called "Organised Private Sector" is also part of our problems. Is it tenable that donors pooled money into CACOVID-I9 account without conditions? But why would they, when they are direct beneficiaries of government's patronage.
ReplyDeleteSo I get. It's a circle, a game of reciprocity that leaves the poor, hungry masses on the sidelines.
What happened to the IMF loan and internal borrowing the government has secured or about to secure?
Da Epic pen you should know by now that Nigeria is a huge conspiracy: The Government, The Church, Politicians, Financial institution and Celebrities. This is who we are.
DeleteHmmmm ... thoughts!!!
DeleteBless up Big Mama Thorton
The government cannot spend the donated money except it is budgeted for and approved by the national assembly. Some of you are just too ignorant.
DeleteIt's like your friend, neighbour , colleague gifts your son money. The money belongs to your son but he can't spend the money without your approval. You may even get angry and punish him if he uses the money without your consent.
The money was gifted to the federal government but presidency needs the approval of the national assembly before the money can spent.
Alexander
The generality of Nigerians are just ignorant. You all think running Nigeria is just like running your households. Why don’t you take the pains to do some research to find out what the rules of engagement are before coming here to comment on a subject you know nothing about. Maybe then someone would be able to appreciate the impact of such a drastic drop in oil prices..
DeleteAlternative Facts, you can enlighten others without the insults. SMH
Delete@Alexander, that's correct the Executive can only spend what is appropriated by the NA. And since the Appropriations Act 2020 has been passed, it's only reasonable for a supplementary budget to reflect the new streams of income and projected expenditure.
My own intervention is on government to give cash palliatives to vulnerable Nigerians in the supplementary budget, and not just to fill up the spaces with consultancy fee, fueling, pick-up vans. etc.
Check my post below.
DeleteThree Senior Advocates of Nigeria, Sebastine Hon, Femi Falana and Dayo Akinlaja have said President Muhammadu Buhari does not need the approval of the National Assembly to disburse funds donated to the federal government by the private sector.
In separate interviews, the senior lawyers said the power of the National Assembly over appropriation was explicitly limited to public fund by the combined effect of sections 59, 80 and 81 of the 1999 Constitution.
The question remains, why would the FG propose to use PRIVATE donations to finance supplementary budget? Was there any agreement to pass it through the tedious budgeting process for accountability purposes?
@Alexander and @Alternative Facts, the two of you should learn some manners, especially when addressing others. It's important. Don't come under my comment to spill vitriols.
They definitely need to learn some manners. Referring to people as ignorant. So much for being experienced and knowledgeable 😏
DeleteThe more experienced and knowledgeable you are, the more humble and "Knowledge-thirsty" you would be. #mylittleexperience.
DeleteBunch of jokers!!!
ReplyDeleteNigeria is truly a joke. How on Earth was I born a Nigerian? This is one bitter and painful reality I have come to live with.
ReplyDeleteFeel same bro.
DeleteIt's painful to be a Nigerian.
Delete@ Teekay nor be only you Waka come o, it's well.
DeleteNo dear, you are a joke and a very ignorant person who is too lazy to find out while government is budgeting for the money
DeleteAlexander
What did I just read? OH MY GOD!!!!
ReplyDelete😂😂 sorry, take heart. Here, drink some 🥃 to calm za nerves 😄. But we’re y’all expecting them to actually listen and assist the people with some cash? Even if Buhari approves it, the ones behind him will make sure it doesn’t come to pass. When one of them can come on national tv or SM and say ‘those of you in the South havé people abroad, call them to send you money’. Naaaaa, i wasn’t and ain’t expecting anything from this government.
DeleteWe weren't expecting any positive news ,
ReplyDeleteWe saw this coming Nigerians its time to make these leaders accountable,
The docility of the citizens isn't even helping matters, I really hate talking about the issues of our leaders cos it throws me into an emotional rollercoaster 🤒🥺
Please don't be emotional for Nigeria. It is not worth it!
DeleteAs in, its not
DeleteWetin man go talk now. Y'all just just throw in the towel already. Nobody is saving us
ReplyDeleteOwo to de....govt abeg chop and clean mouth on jare😜😜
ReplyDeleteI received the emails this morning from my bank and I immediately deleted. What happened to all the loans that the FG has been collecting upandan since? Abacha loot,
ReplyDeletenkor?
My COVID-19 donations are going straight to my nanny that has never left my side since this pandemic came, to help her people, as well as other people around me that their sources of income have been adversely affected.
God bless you
DeleteThank you!!
DeleteOur donations have been going straight to individuals.
I think this is the best way.....looking for the needy around you and gifting them,not even online because some greedy people that are not even in need will be the beneficiary.
DeleteZukky, way to go.
DeleteGod bless that beautiful heart of yours.
Stay safe
Ndi ara united!!
ReplyDeleteIs this news true? I font trust cable network ooo. I hope its not true.
ReplyDeleteThen they should just know the debt relief he is looking for is in his dreams.
Is anyone surprised?
ReplyDeleteThis polithieves have been eyeing that money to squander.
😏😏😏😏
😭😭😭😭😭😭😭😭😭😭😭 Naija my country
ReplyDeleteWHAT A NATION😣
ReplyDeletewho did we offend in this country,
ReplyDeletewhat is wrong with our leaders.
Here we go.... answer to the the cries of the poor masses, answer to the question people have been asking.
ReplyDeleteSo in their mind covid19 hasn't done enough bad to the poor masses so no need to spend the donated funds on th poor masses, but it will be good for the supplementary budget which them all greedy ass politicians and their partners in crime from the private sectors are still going to put into their pockets ...yeah right,no hope for the poor masses.
I HATE THIS COUNTRY WITH GREAT PASSION IT SHALL NOT BE WELL WITH OUR SO CALLED CURSED LEADERS OF DOOM!!!!!
ReplyDeleteYou hate yourself and all those displaying their ignorance here. Government cannot spend a Kobo without the approval of the national assembly.
DeleteAlexander
Let me give FG benefit of doubt that the proposed supplementary budget covers cash palliatives for Nigerians.
ReplyDeleteTruth is that, Nigerians so much love their oppressors. Come 2023, they will still vote for the same categories of people into power.
DeleteBut Teejay, how do politicians manage to pull this off? Deceit and exploitation are their stocks in trade, and yet at the expiration of a democratic cycle, they would confidently troop out to canvass for and successfully win votes.
DeleteBut like you said, Nigerians so much love their oppressors. How else would you describe our 'staunch' (in Dino's voice) support for those who pillaged, plundered, ransacked, looted and fleeced our commonwealth during electioneering season.
Imagine! That's the perfect way to steal it without trace. Clueless leaders.
ReplyDeleteI knew these donations would end in the polithiefcians pocket. They have been eyeing it since it started rolling in and I don't name them.
ReplyDeleteI blame all the banks that could not share money to their customers and gave it to FG, I blame all Telecom company that could not share airtime and data to their subscribers and gave money to FG. If these donations didn't come in where would they have gotten money to run their useless budget that doesn't benefit the masses?
The loan from IMF what is that meant for?
Abacha loot (that has become asset according to Malami) what is that meant for? FG una well-done..
So they can't use that money build or renovate one to five hospitals and make it very standard.
ReplyDeleteSince the youths are busy online trolling each other, then politicians keep playing around.
If this is true, seeing the callous way our govt is handling Covid19 in Nigeria, one would think that Covid19 is a scam in Nigeria and the government know something we don’t.
ReplyDeleteIs it their plan to scare us with this Covid19 increase in cases and deaths till we start begging for the “ TRIAL” vaccines they have been bribed to try out on Nigerians as lab rats.
Yesterday in the north, able bodied men claiming to be Covid19 patients were protesting.
Same Covid19 patients in other parts of the world that complain of fatigues, pain and short breath and even in South America, Covid19 dead bodies were littered on the streets, the same Covid19 patients were shouting out their LUNGS in protest in the Northern Nigeria?
Hmmmm
DeleteThis is worth questioning.
The patients protesting at Gombe are they really COVID-19 positive?
Is there a conspiracy indeed in Nigeria.
After this pandemic, am dusting myself and getting out of Nigeria.
Kai!!!
God I'm sorry, but to the people that proposed this, visit them with corona virus. I'm begging you. People are dying and they do this....visit them o Lord. Send down your anger with the virus.
ReplyDeleteWhy are we sounding surprised?Were you guys really expecting the government to act on the contrary?Una no serious sef!Now they want to use the donations to fund part of the 2020 budget.This government will never cease to amaze me.I knew from the outset that it would be channelled into something different from its original purpose.I am not surprised by the statement:all of us go suffer am..Una never see anything!
ReplyDeleteAnon 15:33.What are you even saying?Are you ignorant of the modus operandi of your government?And who told you funds budgeted cannot be misappropriated?No be this Country we dey?Why are you talking as if you dont live in this Nigeria,or are you a paid APC agent?The bottom line is that funds donated by private individuals for the fight against COVID-19 is being directed for another use,therefore giving it a legal backing to be siphoned.You no wise?
ReplyDeleteI'm laughing here
ReplyDeleteThis people
ReplyDeleteThe most useless party and govt in the whole world is APC AND BUHARI GOVT
ReplyDelete