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Buhari Seeks Senate’s Approval For Additional External Loans

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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.

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2023: Southern PDP Leaders Consider Fresh Option

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Leaders of the Peoples Democratic Party (PDP) in the Southern 17 states have begun move to ensure that the presidential ticket is secured by an aspirant from one of the three geo-political zones.
In the alternative, they are also looking at a northerner with strong roots in the South.
The plan, according to sources, is to have a second strategy or an Option B, as it has become obvious that the party leadership will not yield to the demand for the presidential ticket to be specifically zoned to the South.
The Southern leaders are moving to ensure that their delegates vote only for either a particular southern aspirant or to adopt a northern candidate, who is not from the far North.
The strategy of the southern PDP leaders behind this plot is to ensure that the outcome of the PDP primary produces a win-win situation for the South, irrespective of where the candidates come from.
A chieftain, who spoke on phone, said: “We want to ensure that the South converts the disadvantage of the PDP refusing to zone the presidential position to the South in line with the rotation arrangement in the party’s constitution becomes a benefit to us.
“We will work to ensure that the South decides who the presidential candidate is, even if he is not from our zone.
“Southern delegates may come together and choose a northern candidate who has strong roots in the South. He must be somebody who has a close affinity and filial relationship with us. He must be somebody who understands the challenges facing the South and can run a government that is based on equity, justice and inclusiveness, and knows what it is to suffer injustice or the pains of the minority.”
“It is the reason why we will not support aspirants from the far North. We will rather support an aspirant whose zone has not produced any of the two positions in the Presidency. An ideal candidate for the PDP is somebody from either the South or the Northern minority.
“It is the only way we can show that without having a southern candidate; we can have a president who believes he owes the South and that the support of the southern delegates is instrumental to his victory. That means that if the South plays its card very well, it can produce a southern candidate from the North.”

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Buhari To Determine Malami,Other Returning Ministers’ Fate – Lai Mohammed

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President Muhammadu Buhari will decide the fate of those members of the Federal Executive Council (FEC) who made a u-turn on their political ambitions and continue to serve in the current administration.
Information and Culture Minister, Alhaji Lai Mohammed, who disclosed this Wednesday to newsmen after the FEC meeting at the State House, Abuja, said he will need to confirm from the president the status of the returning ministers on whether or not they have been reabsorbed into the cabinet.
He said: “The  question about ministers returning or not going, I think you need to give me more time so that I can tell you exactly what the situation is. Right now, I need to cross check. I need to confirm again from Mr President what the situation is. You see the final decision on who is going, who’s coming back, who’s not going lies with Mr. President.”
The Minister of Labour and Employment, Dr Chris Ngige; his Women Affairs counterpart, Dame Pauline Tallen; Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami; and Minister of State for Petroleum Resources, Timpre Sylva, had earlier rescinded their decision to contest for elective offices in 2023.
Malami was physically present at Wednesday’s Council meeting, while Tallen and Sylva attended the meeting virtually from their various offices in Abuja.
Ngige is said to be away on official engagement in Durban, South Africa, where he is attending the International Labour Organization’s (ILO) global conference on Child Labour.

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2023: Ganduje Refuses To Endorse Amaechi For Presidency

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Governor Abdullahi Ganduje of Kano State has refused to endorse the former Minister of Transport, Rotimi Amaechi, for the presidency come 2023.
Amaechi visited Kano on Wednesday as part of his consultations ahead of the All Progressives Congress’ presidential primary.
The former minister had resigned from President Muhammadu Buhari’s cabinet to pursue his presidential ambition under the platform of the APC.
At the meeting, with other APC stakeholders present, Ganduje said Kano as a “swing state, will continue to swing.”
He added that Amaechi would know where the state eventually swung to at the right time.
TheTide source gathered that Amaechi, who had told the governor that the people in the APC already knew where Ganduje’s loyalty was, added that he was in Kano to convince him that he was the most qualified among the aspirants.
Our source recalled that when Amaechi visited the Governor of Lagos State, Babajide Sanwo-Olu, he was equally not endorsed as the governor told him former Governor Bola Tinubu was their rallying point.
Ganduje is also known to be an ally of Tinubu, who is also aspiring for the Presidency.
Meanwhile, Amaechi said he was more qualified than Tinubu, noting that the former Lagos governor had never been a minister, and even as a lawmaker, Tinubu only served for a few months.
He equally noted that he was more qualified than Vice President Yemi Osinbajo, adding that while Osinbajo was a commissioner in Lagos, he was already a Speaker of Rivers State House of Assembly.

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