Binos Dauda Yaroe

Binos Dauda Yaroe (born on January 1, 1955) is the senator representing Adamawa South Senatorial District of Adamawa State at the Nigerian 10th National Assembly. Quotes I think in Nigeria today, everyright-thinking person knows the difference between when PDP was in power, and now that we are under another party at the centre. Look at all the indices, what was the exchange rate in 2015, and what is it today? What was the rate of inflation in 2015, and what is it today? What was the cost of one bag of rice in 2015, what is it today? Just look at every index of development and you will know that people have never had it this bad. What was the security situation in 2015, and what is it like today? In 2015, we were only talking about the North East; today it is the entire country. There is no safe place. In 2015, you could travel from here to Abuja by road and you would not be afraid, but today you cannot. There are so many things that have gone wrong because of the government we have put in place because they don’t know what they are doing and because they have no idea of how to run things. As a senator from the minority party in the Senate, I sympathize with our future generation because the borrowing spree by the Federal Government of Nigeria is a deliberate action tantamount to mortgaging their future. I want to tell you that all efforts by senators of the Peoples Democratic Party (PDP) extraction and other stakeholders to get the leadership of the Senate to rescind the retrogressive action have fallen on deaf ears. The worrisome aspect of the borrowing is that the monies are used in maintaining the lifestyles of people in power instead of carrying out capital projects that will add value to the lives of all Nigerians. So, year in, year out, we have been engaging in large scale borrowings to fund the budget deficit. What this means is that we are putting the future of our children yet unborn into great difficulty because they must pay the debt and that is something that should be of concern to every Nigerian. Year in, year out, this country has been living beyond its means presenting deficit budgets. In other words, the expenditure we proposed to incur for many years is now more than the revenue we are expecting to generate. We are using the resources of the future to live for today and to maintain our lifestyles. The worrisome aspect is that much of the budget is always dedicated to recurrent expenditure, which is generally to maintain services not to create any further development. An ugly part of the narrative is the failure of the Federal Government to logically prosecute its touted anti-graft war. I can assure that if the government is serious, it could have recouped trillions of naira stolen from the treasury to fund its budget deficit of over N6 trillion in the 2022 budget instead of budgeting to enriching themselves. It is not a hidden fact that the antigraft war has yielded no positive results. This is so because upon all the arrests, trials and recoveries, government has not recouped stolen monies to fund its budget deficit of over N6 trillion in the 2022 budget. In my contribution at the Senate, I alluded to this and I said if we truly pursue the corruption cases that we have, we should be able to recover enough money to bridge the budget deficit. There is a case of former managing Director of a subsidiary of the Nigerian National Petroleum Corporation (NNPC), who looted over $3 billion. It was also revealed recently that through forensic audit in the Niger Delta Development Commission (NDDC) that a large scale looting has taken place. What has the anti-graft agency done to bring those involved to book or to disclose the amount involved to the appropriate authorities for necessary actions to serve as a deterrent to others. Rather, such individual would be transferred to another hidden office as cover. Believe me; if you aggregate all the major cases of corruption, you will have more than N6 trillion looting that has taken place in few years. I drew the attention of the Senate leadership to this so as to reduce the issue of borrowing. The rationale behind the sponsorship of the bill for a Federal University of Education, Numan, is as a result of the absence of a tertiary institution worth its name in the whole of Adamawa South Yaroe Senatorial Zone despite being the cradle of education right from time. I thank the leadership of the Senate and my constituents for the massive goodwill and turnout during the public hearing on the bill; history will be kind to them in that respect. External links Category:1955 births Category:Living people Category:Politicians from Nigeria