Politics
Buhari Seeks Senate’s Approval For Additional External Loans
President Muhammadu Buhari has sought approval of Senate for additional external loan under the 2018 to 2021 Federal Government external borrowing plan.
Buhari’s request was contained in a letter addressed to President of Senate, Ahmad Lawan and read at plenary, yesterday.
Buhari in the letter said the loan which would be sourced from the multilateral organisations would be used to finance critical projects of the Federal and States governments.
“Addendum to the Request for Senate concurrent approval of Multilateral Fund Projects under the 2018 to 2021 Federal Government external borrowing plan.
“I write on the above subject to submit attached addendum to the proposed 2018 to 2021 Federal Government external borrowing rolling plan for the consideration and concurrent approval of the Senate.
“Senate may wish to recall that I had earlier transmitted a request from the proposed 2018 to 2020 Federal Government external borrowing plan for the concurrent approval of Senate in May 2021.
“However, in view of other emerging needs and to ensure that all critical projects are covered, the Federal Executive Council as at June 2021 incorporated.
“I hereby forward an addendum to the proposed external borrowing plan.
“The projects listed in the addendum to the 2018 to 2021 Federal Government external borrowing plan are to be financed through sovereign loans from the World Bank, French Development Agency, China Exim Bank, International Fund for Agriculture Development (IFAD),Credit Swiss Group, and Standard Chartered, in the credit total sum of 4.5 billion dollars,710 million euros and grant component of 125 million dollars.
“The Senate is kindly invited to know that the projects and programmes in the borrowing plan were selected based on positive technical and economic evaluations and the contributions that will make the socio- economic development of the country including, employment generation and poverty reduction and protection of the most vulnerable in the society.
“All the said projects in the addendum, form part of the 2018-2021 external borrowing plan and covered all the Federal and state governments projects and are geared toward realisation of Nigeria’s sustainability plan.”
Buhari said the sustainability plans cuts across key sectors, such as infrastructure, health, agriculture and food, security energy, education and human capital development.
He urged the senate to give consideration and approval to the request, given the timing and benefits due to be accrued to the implementation of the projects across the country.
Politics
Don’t Risk Your Legacy, Citizen Begs Jonathan Against 2027 Presidential Race
In a letter titled, “An Open Letter to Former President Goodluck Jonathan,” the observer said Dr Jonathan should be careful not to allow himself to be drawn into partisan calculations driven by ambition rather than national interest.
He cautioned the former president against allowing himself to be used by what he described as desperate political interests.
“I believe this is the time to protect the good name and legacy you have built over the years. You should not allow yourself to be used by desperate political elements who may be more interested in their own ambitions than in the future of Nigeria,” the letter read.
The Social Commentator further warned Dr Jonathan to be wary of those advocating for his comeback, claiming many of them were previously opposed to his administration.
“Many of those calling for your return today were your antagonists, those who frustrated your government back then. You should be careful not to become a pawn in a game designed by others or else they will stain your white with their ‘roforofo’,” he said.
He maintained that Dr Jonathan’s legacy remains defined by his decision to concede defeat in 2015, which he described as a landmark moment in Nigeria’s democratic history.
“Your legacy was built through years of public service and your decision to put the country’s peace above personal ambition at a critical moment in Nigeria’s history. That legacy should not be put at risk because of the desperation of a few politicians,” he added.
Mr Adenuga also alleged that some of the promoters of Dr Jonathan’s return have lost credibility in the public space.
“The truth is that some of the people pushing you to contest have already damaged their own reputations. They should not be allowed to stain your legacy with their soiled hands. What they could not achieve on their own should not be pursued through your name and goodwill,” he stressed.
He concluded by urging the former president to remain above political manoeuvring and protect his place in history.
“History has been kind to you. Preserve that honour and remain above the political games of those who want to use your name for their own purposes,” he wrote.
Recall that former President Goodluck Jonathan recently emerged as the presidential candidate of the Kabiru Turaki-led Interim National Working Committee of the Peoples Democratic Party (PDP) following a special convention held in Abuja, where delegates ratified his nomination ahead of the 2027 general elections.
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