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
Cleric Tasks APC On Internal Stability, Warns Otti
He predicted that before the next election cycle, Abia’s political landscape would witness broken alliances, surprising mergers, and new contenders emerging from within established networks.
Prophet Arogun concluded with a broader appeal to Nigeria’s political leaders, emphasizing the need for justice, peace, and integrity in public governance.
“Nigeria is the assignment. Only righteousness will stabilize this nation. Only fairness will preserve the mandate. Let those who have ears hear”, he said softly.
Politics
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Politics
Makarfi Resigns As PDP BoT Secretary
Senator Makarfi’s resignation comes on the heels of the national convention that saw the emergence of the new Chairman of PDP, Dr Kabiru Tanimu Turaki (SAN).
In his letter of resignation, which was addressed to the PDP BoT Chairman, Senator Adolphus Wabara, and made available to journalists in Kaduna on Monday evening, the former governor said, “Chairman and Members of the Board of Trustees may recall that about two months ago I had resigned as Secretary of the Board and posted same on the Board’s WhatsApp platform.
“Mr Chairman, you may also recall that you personally urged me to stay on until after a convention that produced a Chairman.”
He added that the principal reason he initially tendered his resignation then “and now, was and is still my belief that the National Chairman of the Party and Secretary of the Board of Trustees should not come from the same geopolitical zone.
“Now that a chairman has emerged from the North West, where I come from, it’s necessary to give him full space to do the needful. Accordingly, I hereby formally resign as Secretary of the Board of Trustees of the Peoples Democratic Party with effect from today, November 17th, 2025.”
While commending the BoT Chairman for his support during his tenure as Secretary of the Board, he stressed, “I truly appreciate the very respectful relationship between us during my period as Secretary,” adding that, “I also appreciate all Board members for their support and the good relationship that prevailed during my period as Secretary.”
Meanwhile, Dr Turaki on Monday pledged to ensure that power returns to the Nigerian people, urging the judiciary to uphold the tenets of democracy.
Dr Turaki, while giving his acceptance speech after the swearing-in of new officers at the end of the Elective Convention of the PDP in Ibadan, assured that there will be “no more impunity, no more suppression of the will of Nigerians”.
The chairman appealed to the judiciary to uphold the principles of stare decision, abiding by the decisions of the Supreme Court, and not to “willingly or unwillingly put yourselves in a situation where, rightly or wrongly, it may be assumed, correctly or incorrectly, that you are part and parcel of the process to truncate Nigerian democracy.”
According to him, the new leadership of the party would be open to listening to the yearnings of members, with a view to aligning with their will, declaring that “No more monkey dey work, baboon dey chop,” adding that “if baboon wants to chop, baboon must be seated to work.”
He noted that the PDP has maintained its original name, motto and logo, unlike the other parties that started with it, making it a recognised brand anywhere in Nigeria.
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