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Govs Protest Nation’s Worsening Security Situation

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Governors have joined the growing list of Nigerians bemoaning the security situation in the country.
They have planned a meeting with President Muhammadu Buhari and the Service chiefs to discuss “this worrisome and rapidly degenerating situation.”
The states helmsmen conveyed their feelings in a letter to their counterpart – Borno State Governor BabaganaZulum – whose convoy last week came under attack between Baga and Monguno in his state while on a trip.
The attackers are suspected to be fighters of insurgent group, Boko Haram.
Zulum accused the military of sabotage.
He criticised troops for not showing enough commitment to the fight against insurgency.
The governor threatened to mobilise hunters and members of the Civilian Joint Task Force (CJTF) to battle Boko Haram should the troops fail to perform after some time.
In the letter to Zulum, the Chairman of the Nigerian Governors Forum (NGF), Ekiti State Governor KayodeFayemi, described what happened to Zulum as “one unwarranted attack too many”, which “epitomises our collective vulnerability and the fragility of the country’s security architecture.”
The letter added: “Although you emerged from this incident unscathed, we note with regret the injuries sustained by two members of the CJTF and a police officer attached to your convoy and do accordingly pray for their quick recovery.
“Mr. Governor, forum members are resolutely behind you in your effort to rid Borno State of these dastardly and wicked agents of evil.

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I Did Not Accuse NASS Members Of NDDC Contracts Fraud -Akpabio

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The Minister of Niger Delta Affairs, Godswill Akpabio, yesterday, denied that he accused members of the National Assembly of fraud concerning contracts from the Niger Delta Development Commission, NDDC.
The minister had, during an investigative hearing at the House of Representatives, claimed that 60 percent of NDDC contracts went to the federal lawmakers.
However, as the House threatened to initiate a criminal complaint of perjury and explore the possibility of a civil defamation suit against him, Akpabio denied he ever referred to members of the 9th House of Representatives as beneficiaries of contracts in NDDC.
He noted that NDDC was yet to fully implement any budget since the commencement of the 9th National Assembly.
Also, Akpabio while responding to questions after a visit to the acting Clerk of the National Assembly, Olatunde Ojo, said the misunderstanding between him and lawmakers was caused by mischief-makers. On the peace talks being initiated and whether he had resolved to exonerate the lawmakers, who allegedly collected 60 percent of the contracts in NDDC, Senator Akpabio said: “No no no, you are wrong.
“That was not what the Speaker demanded. The Speaker wanted to know whether there was undue influence from any section of the National Assembly in respect of contracts in the NDDC.
“He (Speaker) did not say whether they were contractors. So I’m hearing it from you.” On why he was at the Nationa Assembly complex, Akpabio explained, “I am a Senator. Seeing me in the National Assembly should not be a surprise as a former Minority Leader and a Senator, and I believe that I’m a Senator for life.
“So nobody will refer to me as Governor Akpabio, but they refer to me as Senator Akpabio. This is like homecoming and the National Assembly ought to have resumed today (Tuesday). But they postponed it; so I intended that as soon as the resumption takes place, I am here “It’s part of my effort to support the President’s decision that there must be a much more cordial relationship between the Executive and Legislature.
“In fact, the President recently set up a tripartite committee made up of the party (APC), the National Assembly and the Executive to ensure oneness because we are running one government.
“It is important that we all remember that whatever we do, we want to leave a legacy for Nigeria and we cannot do this if all the arms of government are not cooperating.
“So far, I believe that whatever disagreement that could have occurred between my own ministry and the National Assembly must have been as a result of mischief and that mischief must be put to rest so that we can work in one accord for the sake of the nation.”

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NGO Trains 200 Rivers Indigenes On Civil Education

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A non-governmental organisation (NGO), Care and Development Centre (CADEC) in   partnership with other NGOs in Nigeria  has  trained over 200 indigenes of Ogbogoro community in Obio/Akpor Local Government Area of Rivers State on Civil  education and political participation.
The one -day programme is designed to enable the community get the information necessary to demand for service delivery in their local area.
The Executive Director of CADEC in Rivers State, Mrs Rhoda Omorodion said the essence of the one day training and capacity building was to acquaint the people  on information gathering on service delivery for the development of their various communities.
Speaking on the topic: “Civil Education on Strengthening Governance and Democratic Processes at the Local Level in Nigeria,” the executive director explained that the community would benefit from more of information that would enable them understand their right with regards to  governance and power sharing in their local area.
“We believe that with the training, the community people will benefit from certain information that will enable them understand their right towards various governance and various sectors and stakeholders participations,” Omorodion said.
She thanked the people of Ogbogoro community for their participation in the programme and said that the charter demands would enable them to develop the concept of reaching understanding with the politicians before an election.

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Nigeria Owes World Bank N3.96trn -DMO

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Nigeria’s highest external debt stock to a single multilateral or bilateral financial institution in history now stands at $10.46billion (N3.965trillion at the official rate of N379/$).
Giving this revelation in its latest indebtedness figures in Abuja, at the weekend, the Debt Management Office of the Federal Ministry of Finance disclosed that the Federal Government was owing the total sum to the World Bank Group.
An analysis of the country’s external debt stock as of June 30, 2020, showed that Nigeria’s indebtedness to the International Development Association and the International Bank for Reconstruction and Development were $10.05billion and $409.51million, respectively, the DMO said.
The International Bank for Reconstruction and Development and the International Development Association are both organisations of the World Bank Group.
Other organisations of the multilateral financial institution include the International Finance Corporation, the Multilateral Investment Guarantee Agency and the International Centre for Settlement of Investment Disputes.
The World Bank Group and the African Development Bank Group are two prominent multilateral institutions that lend to the nation.
Nigeria’s total indebtedness to the multilateral institutions during the period under review was put at $16.36billion, representing 51.97 per cent of the country’s total external debt stock.
The DMO put the country’s indebtedness to the AfDB Group at $5.896billion.
The external debts of Nigeria to African Development Bank, Africa Growing Together Fund and African Development Fund are $1.325billion, $140,000, and $921.91million, respectively.
Nigeria’s debt to other organisations of the AfDB Group such as the Arab Bank for Economic Development in Africa, European Development Fund, Islamic Development Bank and International Fund for Agricultural Development, are $5.88million, $52.52million, $30.22million and $201.68million, respectively.
Further analysis of the country’s external debts showed that Nigeria’s total indebtedness to bilateral organisations, which in this case include foreign nations, was $3.948billionn as of June 30.
This represents 12.54 per cent of the country’s entire $31.477billionn external debt stock during the period under review.
For the bilateral organisations, the country’s indebtedness to China (Exim Bank of China) was $3.24billionn, while its debt to France (Agence Francaise Development) was $403.65million.
The country’s debt to Japan (Japan International Corporation Agency) was $76.69million, while Nigeria owes India (Exim Bank of India) $34.87million.
Nigeria also owes Germany the sum of $192.7million.
Still under Nigeria’s external debt stock as of June 30, the DMO put the country’s Eurobonds at $10.87billion, while its Diaspora Bond was $300million.
Eurobond and Diaspora Bond are commercial external debt stock and account for $11.168billion, representing 35.48 per cent of the country’s external debt stock.

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