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Lawan Gives Committee One Week To Consider Buhari’s Loan Requests

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President of the Senate, Dr Ahmad Lawan, yesterday, referred the request of President Muhammadu Buhari, seeking to borrow $4.054billion, €710million, $125million external loans to the Committee on Foreign and Local Debts.
Lawan asked the committee, led by Senator Clifford Ordia, to work on Buhari’s request and submit its report next Tuesday.
This followed a motion to that effect by the Senate Leader, Yahaya Abdullahi, and seconded by the Minority Leader, Enyinnaya Abaribe.
The Senate had received a formal request from Buhari, last week, to consider and approve an external loan to fund projects captured under the 2018-2021 borrowing plan.
Buhari, in the letter, explained that the projects listed in the 2018-2021 Federal Government Borrowing Plan are to be financed through sovereign loans from the World Bank, French Development Agency, China-Exim Bank, International Fund for Agricultural Development, Credit Suisse Group and Standard Chartered/China Export and Credit in the total sum of $4,054,476,863.00; €710,000,000.00 and grant component of $125,000,000.00.
He explained that the amount would be used to fund federal and states government projects across key sectors such as infrastructure, health, agriculture and food.
It also includes security, energy, education and human capital development and the Covid-19 response efforts.
Buhari said the projects which are spread across the six geopolitical zones of the country would bring about employment generation and poverty reduction, as well as protection of the most vulnerable and very poor segments of the Nigerian society.
Part of the letter read, “I write in respect of the above subject and to submit the attached addendum to the proposed 2018-2021 Federal Government External Borrowing (Rolling) Plan for the consideration and concurrent approval of the Senate for same to become effective.
“The Senate President may wish to recall that I earlier transmitted a request on the proposed 2018-2020 Federal Government External Borrowing Plan for the concurrent approval of the Senate in May, 2021.
“However, in view of other emerging needs and to ensure that all critical projects approved by the Federal Executive Council, as of June, 2021, are incorporated, I hereby forward and addendum to the proposed Borrowing Plan.
“The projects listed in the addendum to the 2018-2021 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 Agricultural Development, Credit Suisse Group and Standard Chartered/China Export and Credit in the total sum of $4,054,476,863.00; €710,000,000.00 and grant component of $125,000,000.00.
“The Senate is kindly invited to note that the projects and programmes in the Borrowing Plan were selected based on positive, technical and economic evaluations and the contribution they would make to the socio-economic development of the country including employment generation and poverty reduction as well as protection of the most vulnerable and very poor segments of the Nigerian society.
“The Senate may also wish to note that all the listed projects in the addendum form part of the 2018-2021 External Borrowing Plan and cover both the federal and states government projects and are geared towards the realization of the Nigeria Economic Sustainability Plan that cut across key sectors such as infrastructure, health, agriculture and food security, energy, education and human capital development and Covid-19 response efforts.
“A summary of some key projects in each of the six geo-political zones and a summary on the expected impacts on the socio-economic development of each of the six geopolitical zones are attached herewith as Annex II and III.
“Given the importance attached to the timely delivery of the projects listed in the proposed Borrowing Plan and the benefits both the federal and state governments stand to gain from the implementation of same, I hereby wish to request for the kind consideration and concurrent approval of the Senate for projects listed in the addendum to the 2018-2021 Federal Government External Borrowing Plan to enable the projects become effective.”

By: Nneka Amaechi-Nnadi, Abuja

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Kano Gov Congratulates NUJ At 70

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Governor Abba Yusuf of Kano State has congratulated the Nigeria Union of Journalists (NUJ) on its 70th anniversary.
The governor acknowledged the NUJ’s vital role in strengthening democracy and promoting accountability in governance.
This is contained in a statement by the governor’s spokesman, Sunusi Dawakin Tofa in Kano, yesterday.
The governor lauded the NUJ for its unwavering commitment to ethical journalism and nation building.
He commended the union’s leadership, led by Mr Alhassan Yahya Abdullahi, for advancing press freedom and advocating for journalists’ welfare.
“The NUJ has been instrumental in shaping Nigeria’s narrative, promoting democracy and ensuring accountability in governance.
”The Kano state government recognises the critical role of the media in our democracy and will continue to support and collaborate with the NUJ to uphold a free and independent press,” he stated.
Yusuf urged journalists to continue to uphold professionalism, integrity and objectivity.
He reaffirmed his administration’s commitment to fostering a strong partnership with the union, while ensuring that the media remained a pillar of democracy in the state and the country at large.
“Once again, congratulations to the NUJ on this remarkable achievement. May the next 70 years bring even greater successes and accomplishments for the union and its members,” he stated.

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Monarch Lauds Fubara On Enduring Peace, Installs Three Chiefs In Ngo

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The Village Head of Ngo in Andoni Local Government Area of Rivers State, King Dogood Ngere, has commended the Rivers State Governor, Sir Siminalayi Fubara, for his peaceful disposition and leadership qualities in the State.
King Ngere has also appealed to the governor and the Minister of the Federal Capital Territory, Nyesom Wike, to resolve their differences and work together for the interest of peace and development of the State.
The monarch stressed the need for the two leaders to put Rivers State interest above personal interest and reconcile their differences.
He said Fubara’s decision to implement the Supreme Court judgement shows that he is a man of peace and appealed to the Rivers State House of Assembly led by Rt Martin Amaewhule to work with the Executive to move the State forward.
The traditional ruler stated this shortly after he installed three chiefs at his palace in Ngo Town.
The three chiefs are Chief Daniel Dimkpa Nelson of Ebirien Ngere family, Chief John Biboh John of Ngor Egbesi family, and Awajimotumu Ukot Idawaji as chief of Ida Awaji family.
Addressing the new chiefs after their installation, King Ngere charged them to see themselves as role models for their individual families, stressing that as chiefs, it behoves them to be exemplary in their conducts.
According to the traditional ruler, the new chiefs must not only work for the peace of their families but Ngo community in general.
King Ngere also advised members of the three families to give their chiefs the desired respect while also supporting them to succeed.
He commended Governor Fubara for his numerous developmental projects in Andoni, particularly the ongoing Ngo/Oyorokoto Road, saying that when completed, the road will open up economic opportunities in the area.
Also speaking at the occasion, the Secretary of the Egweoke Council of Chiefs, Chief Awajiokan Mbosowo Ukumor, described the installation ceremony as a big success.
He said the three chiefs fulfilled all the conditions for their installation and are therefore admitted as members of the Ngo Council of Chiefs.
The ceremony was attended by people from various walks of life.

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NDLEA Seizes Large Consignments Of Skunk, Heroin Across Six States, FCT

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The National Drug Law Enforcement Agency (NDLEA) has seized large consignments of skunk, heroin, and other opioids in raids across Kano, Kwara, Kaduna, Taraba, Abia, Osun, and the Federal Capital Territory (FCT).
NDLEA’s Director, Media and Advocacy, Mr Femi Babafemi, disclosed this in a statement issued to newsmen in Abuja, yesterday.
Babafemi said that in Kano, a total of 727 blocks of compressed skunk weighing 479kg were recovered from a 40-year-old suspect.
According to him, the suspect was arrested by operatives of the NDLEA at the Chalawa area of the state on March 12.
He added that no fewer than 58,300 pills of tramadol were also intercepted along Kabba-Obajana highway, Kogi, in a commercial bus coming from Lagos, enroute Abuja on March 11.
He added that raid operations in Kachia, in Kaduna on March 13, led to the arrest of a 21 year-old suspect, with 4,900 pills of tramadol 225mg seized from him.
Babafemi said that a similar exercise in the Hayin Banki area of Kaduna North Local Government Area (LGA) on March 14, also resulted in the arrest of another 25-year-old suspect.
According to Babafemi, 2,900 tablets of tramadol 225mg was also recovered from him.
“A total of 40,200 tablets of tramadol 225mg were recovered from the duo of Olowoko Faruk and Akeem Ridwan along Ilorin – Jebba expressway, Bode Saadu, Kwara, on Friday, March 14.
“The NDLEA operatives equally seized 21,700 capsules of same opioid from a suspect, along Eiyenkorin expressway, Ilorin on Thursday, March 13.
“Also, in Taraba, NDLEA officers on Friday, March 14, another 30-year-old suspect, at Bente Road, Kurmi LGA, with 15.77kg of skunk,” he stated.
Speaking further, he noted that agency operatives had also on March 13 in Osun, intercepted a commercial bus with registration number, SGB 564 YS coming from Idumota, Lagos Island.
According to him, the NDLEA operatives recovered a total of 48.7kg Ghanaian Loud, Colorado and Canadian Loud, all strains of cannabis.
“Not less than nine suspects have been arrested in connection with the seizure in Osogbo and Ile-Ife during follow up operations.
“A 58-year-old suspect was on March 11, arrested along Gwagwalada expressway, Federal Capital Territory (FCT) Abuja, with 27,800 pills of tramadol 225mg.
“Another 26 year old suspect sold was nabbed same day with various quantities of skunk and cocaine at Wuse zone 3 area of Abuja.
“In Abia, NDLEA operatives had also on March 15, raided the Ntigha community, Isiala-Ngwa North LGA, where a 34-year-old suspect was arrested.
“Operatives recovered from him, 274grams of heroin, 141grams of methamphetamine, 2.931kg of cannabis sativa, four grams of cocaine and N753,015 monetary exhibit,” he said.

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