President Muhammadu Buhari’s administration has come under attack over Nigeria’s debt profile.
This is as Reno Omokri, former aide to ex-President Goodluck Jonathan, last Wednesday, condemned Buhari’s government over increasing foreign debt in the last four years.
Omokri told the government to rather borrow ‘wisdom’ in its remaining years in power rather than more money.
The former presidential aide on his Twitter page wrote: “In 2020, instead of Nigeria’s leaders to borrow $29.6 billion, what they should borrow is wisdom.
“In the last 4 years, this administration has tripled our foreign debt by borrowing more than in the last 30 years combined. Borrow sense not money.”
However, the Minister of Information and Culture, Alhaji Lai Mohammed said there were misrepresentations in the figures being pushed out in certain quarters about the debt profile, adding that the country had not reached its debt ceiling of 25 per cent in total public debt stock to Gross Domestic Product (GDP).
The minister said figures of debt profile were being misrepresented, adding that Nigeria had a debt ceiling of 25 per cent in the total public debt stock to Gross Domestic Product (Debt/GDP), which it had operated within.
He said the ratio for December 31, 2018 and June 30, 2019 were 19.09 per cent and 18.99 per cent respectively.
FG Moves To Stop Influx Of Illegal Aliens
The Federal Government has promised to put measures in place to end the movement of illegal immigrants into the country to secure the country.
The government stated that the era where aliens easily enter the country with fake travel documents must stop.
The Minister of Interior, Olubunmi Tunji-Ojo, according to a statement on Saturday by the Director of Press of the Ministry, Afonja Ajibola, disclosed this when the Director, the Bureau of Public Service Reforms, Dasuki Arabi visited him.
The statement read, “The Minister assured he is working seriously on efficient ways at securing Nigeria borders; saying a situation where illegal aliens easily find their ways into the country often with fake travel documents has to be stopped. In his view, Nigeria cannot be secured if its borders are not secured”.
The Minister also said the Ministry was ready to partner with the BPSR in proffering effective solutions to the nation’s security challenges, especially in securing the nation’s borders.
“I am ready to actively collaborate with the Bureau of Public Service Reforms to find solutions to our security challenges,” he was quoted as saying.
ECOWAS Condemns Plot To Obstruct Peace In Sierra Leone
The Economic Community of West African States (ECOWAS) has condemned the plot by some individuals to disturb peace in Sierra Leone.
The condemnation is contained in a statement issued by ECOWAS in Abuja, yesterday.
ECOWAS said, “The bloc has learnt, with utter disgust, a plot by certain individuals to aquire arms and disturb the peace and constitutional order in Sierra Leone.
“ECOWAS condemns this act and calls for the arrest and prosecution of everyone involved in the illegality.
“The bloc has always maintained its zero tolerance for unconstitutional change of government.
“We want to reaffirm our commitment to supporting the government and the people of Sierra Leone’s quest to deepen democracy and good governance by consolidating peace and security so as to foster socio-economic development”.
Earlier, the Sierra Leonean Government had declared a 24-hour nationwide curfew in a proactive step to ensure that the peace is not tampered with.
Bad Roads Fuelling Insecurity In N’East -Govs
Worried by the security challenges confronting the region, governors of the North East have resolved to embark on more collaborative efforts among member states to come up with a security architecture design for the region.
The governors noted that bad federal roads are fuelling insecurity in the region and called on the Federal Ministry of Works to follow through with road contracts awarded in the region.
This is contained in a communique issued at the end of the 9th meeting of the forum, held at the banquet hall of the Adamawa State Government House in Yola last Saturday.
According to a statement signed by the Chairman of the Forum and Governor of Borno State, Babagana Zulum, the forum said there was a need for a robust platform for regional economic development and resolved to work as an entity in strengthening the human capacity and socio-economic development of its people.
The communique read in part, “Forum is continuously disturbed about the poor infrastructural base of the region. More concerned that the federal roads within and between the states in the region have been neglected.
“We call on the Federal Ministry of Works to follow through with road contracts awarded in the region. The poor road network is fuelling insecurity stalling development and making life more difficult for our people in the region.
“Forum notes that the bad federal roads within and between the states are major setbacks to the infrastructural development of the region.
“Forum notes the poor energy situation in the region. To mitigate the situation, Forum resolved to work with Shanghai Electric to construct a 60 MW Coal Power Power Plant in each state of the region.
“Forum decried the lack of modern rail projects in the region and called for repairs on the old gauge rail lines which no longer useful and sustainable technology. Forum calls for inclusion of the region into the Nigerian National Railway Transport Plan using the Modern Guage rail.”
On climate change and environmental degradation, the forum resolved to strengthen its collaboration with all initiatives such as the Great Green Wall and the Global Initiative of Carbon Credit financing.
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