Buhari orders local production of Nigeria’s E-Passport, assigns task to company

According to reports, barring any unforeseen scenario such as a salary cut which can only be done by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) or a reduction in the total number of ministers which stands at 43 at the moment, the ministers designate who are currently undergoing training and orientation in Abuja will be costing Nigeria a whooping sum of N2.53 billion in salaries and allowances within the next four years. With the breakdown, each minister will get at least N58.766 million in four years, the Vanguard reports. However, the above sum will be much higher should estacode and allowances for foreign and local duty trips be added. According to standard rules right now, ministers are entitled to estacode allowance of $900 per night and duty tour allowance of N35,000 per night. This is exclusive of a refundable vehicle loan of N8.106 million. Further more, each of the ministers is entitled to a furniture allowance of N6.079 million and a severance package of N6.079 million which totals N12.158 million. According to the conditions of service, a minister will earn N2,026,400 as annual basic salary while a Minister of State will get N1.8 million. Other highlights of the emoluments package include: Estacode Allowance ($900 per night); Utilities Allowance (Telephone/Electricity/ Water) –30 per cent of Annual Basic Salary (N607,920); Domestic Staff Allowance, 75 per cent of Annual Basic Salary, N1,519,800; Newspaper Allowance, 15 per cent of Annual Basic Salary, N303,960; Duty Tour Allowance, N35,000 per night; Furniture Allowance, 300 per cent of basic salary, N6,079,200; Severance Allowance, 300 per cent of annual basic salary, N6,079,200; Others are Accommodation Allowance, 200 per cent of annual basic salary, N4,052,800; Motor Vehicle Fuelling Maintenance Allowance, 75 per cent of Annual Basic Salary, N1,519,800; Leave Allowance, 10 per cent of basic salary, N202,640. Also, Personal Assistant Allowance, 25 per cent of Basic Salary, N506,600; Entertainment Allowance, N607,920; Monitoring Allowance, N303,960; and Motor Vehicle Loan, N8,105,600.

President Muhammadu Buhari has directed that the production and personalization of all Nigerian E-passports and related documentation should be solely carried out by the Nigerian Security Printing & Minting Company, NSPMC.forty-three days after the 2019 budget was signed into law by President Muhammadu Buhari, the Federal Government has yet to release funds to Ministries, Departments and Agencies for the implementation of capital projects. Buhari had on 27th May signed the 2019 budget of N8.91tn, made up of capital expenditure of N2.09tn, recurrent expenditure of N4.07tn, statutory transfers of N502bn, fiscal deficit of N1.92tn and special intervention of N500bn. Top officials of the government confided in our correspondent that as of the close of work on Tuesday, no amount had been released for funding of capital projects contained in the 2019 budget. One of the officials attributed the delay in releasing fund for capital projects to various factors, some of which include the procurement process, the non-constitution of a cabinet and the low approval limit of Permanent Secretaries. The source said, “You will recall that the budget was signed over a month ago by the President and as was expected, funding of projects particularly those that are critical to the developmental objectives of the government ought to have started. “However, this has not been the case, because MDAs have yet to get their funding for the implementation of capital projects. “Part of the reasons could be that the cabinet members have not been appointed and this is crucial to the release of funds for MDAs.” [READ ALSO] Traffic: Sanwo-Olu opens Lekki toll-gate to motorists When contacted on reasons for the delay in releasing fund for capital projects, the Director of Information in the Ministry of Finance, Mr Hassan Dodo, said he had no information on the enquiries from our correspondent.

His directive was contained in a statement signed and forwarded to DAILY POST by his Media Adviser, Femi Adesina, on Thursday.

Popularly known as The Mint, the company was established in 1963 with the objective of producing the nation’s currency notes and coins for the Central Bank of Nigeria, CBN, as well as security documents for ministries, departments and agencies of government, banks and other blue chip companies.

According to the statement: “With the new directive from the President, all existing memoranda of understanding and contracts on printing by other institutions/ companies will not be renewed.

“The Mint is the largest banknote and security documents specialist printing company in West Africa. However, its performance was rapidly dwindling in terms of both currency production and security documents prior to 2014.

Under the chairmanship of the CBN Governor, Mr Godwin Emefiele, new targets were set, and Managing Director/Chief Executive Officer of The Mint, Mr Abbas Umar Masanawa recounts some of the achievements to include: zero importation of currency from 2014 to date, with attendant benefits of conservation of foreign reserve, revenue and employment generation, as well as safeguarding the nation’s sovereignty.

Speaking, Masanawa said: “The Mint has returned to profitability. From a moribund organization with heavy losses, the company grew from a loss position of N14. 6 million in 2014 to a profit of N14. 3 billion in 2018. Turnover also grew from N17.8 billion in 2014 to N61. 4 billion in 2018.

“Other achievements include enhanced production capacity, revenue diversification, reduced cost of production, institutionalization of corporate governance, improved staff welfare and industrial harmony, among others.”

The Managing Direction pledged that The Mint would justify the renewed the confidence reposed on it by the President, “as we are moving to the Next Level, and poised to boost national security and integrity, we will conserve scarce foreign exchange, improve revenue generation, create job opportunities, and boost acquisition/transfer of technology.”