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PDP Condemns FG’s $5.5bn Loan Request …Says Buhari Mortgaging Children’s Future …As Senate Considers Request
The Peoples Democratic Party (PDP) has criticised the external loan request of President Muhammadu Buhari as an attempt by the All Progressives Congress-led Federal Government to mortgage the lives of unborn Nigerian children for many years to come, even as the Senate yesterday began consideration of the President’s request.
In a statement signed by the party’s National Publicity Secretary, Prince Dayo Adeyeye yesterday, the PDP said “it received with shock, the plan by the All Progressives Congress-led Federal Government to plunge Nigeria into further debt, and consciously mortgage the Future of our unborn generations through needless and mindless borrowing of the sum of $5.5billion.
“Like other well-meaning Nigerians, we consider this new bid for a foreign loan of $5.5billion being sought by the administration of President Muhammadu Buhari as an attempt to push the nation down into the black hole of debt that will affect negatively, the future of this nation,” the party lamented.
It stated that, “As a party that governed this nation meritoriously for 16 years and handed over a buoyant economy to the APC in 2015, we are concerned that by the time Nigerians would have the opportunity to push out the APC government in 2019, the economy of the nation would have been damaged irreparably.
“For emphasis, we are dismayed at the rate by which the APC is plunging the nation into debt through local and foreign borrowing without concomitant developmental projects in any sphere of the nation’s economy to justify the huge borrowing,” Adeyeye noted.
“The figure released recently by the Debt Management Office (DMO) stating that the nation under the administration of the APC government in the last two years of being in office, has borrowed N7.51trillion is mind-boggling.
“Mind-boggling because all-round infrastructural decay has now reached alarming proportions. The roads have deteriorated, the state of power supply has become worse, and there is no increase in wages to match the skyrocketing inflation. As a result, workers in educational institutions and other government agencies have spent more time at home observing strike action than they spent at work; insecurity has sky-rocketed beyond what anyone can imagine, while those in power continue to delude themselves that they are providing plausible leadership for the country,” the party said.
“We are constrained to ask the government of President Muhammadu Buhari to explain to Nigerians what his government has done with the several huge sums borrowed in the last two years in the name of financing infrastructural development in the country.
“The data shows that since President Buhari was sworn-in, the nation’s debt has risen by 61.96 per cent in only two years.
“As major stakeholders in the Nigerian Project, we are worried that if the National Assembly does not stop this latest demand for foreign loan, the money when released, will go the way of other loans obtained in the last two years without any tangible result to show for it,” the PDP said.
Meanwhile, the Senate has begun consideration of President Muhammadu Buhari’s request for the approval of an external loan of $5.5billion to enable the Federal Government finance the 2017 budget as well as re-finance domestic debts.
The move by the Senate to commence consideration of the external loan request followed Executive Communication by the Senate Leader, Senator Ahmad Lawan, yesterday, who said that the “Senate do consider the Request of Mr.. President C-in-C for the Approval of External Loans for: 1. Issuance of $2.5billion to finance the 2017 Appropriation Act; and ii. $3billion to re- finance debts.”
After the communication, Deputy Senate President, Ike Ekweremadu, who presided over yesterday’s plenary session, referred the request to the Senator Shehu Sani, APC, Kaduna Central-led Senate Committee Foreign and Local Debts, and report back in two weeks.
It would be recalled that President Muhammadu Buhari had, last Tuesday, written to the Senate, asking for the approval of an external loan of $5.5billion to enable the Federal Government finance the 2017 budget.
Buhari’s request for external borrowing to the tune of $5.5billion was contained in a letter to the Senate President, Dr Bukola Saraki which was read on the floor of the Senate.
The four-page letter, which was addressed to Senate president, was entitled, “Request for the approval of External Loans for: 1. Implementation of the External Borrowing Approved in the 2017 Appropriation Act: 11 External Borrowing to Re-finance maturing domestic debts through the issuance of $3.00billion Eurobond in the International Capital Market or through a loan syndication.”
According to the letter, while $3billion would be sourced through Eurobond, the remaining $2.5 would come from other sources in the international capital market.
Buhari had, however, allayed fears of Nigerians on possible effect or problems that may come up; saying that the proposed external borrowing of $3.0billion re-finance maturing domestic debt would not lead to an increase in the public debt portfolio against the backdrop that the debt exists, already in the form of high interest short term domestic debt.
According to him, the substitution of domestic debt with relatively cheaper and long-term external debt will lead to a significant decrease in debt service cost, just as he said that government’s moves in re-financing of domestic debt through external debt would also achieve more stability in the debt stock, adding that it would create more borrowing space in the domestic market for the private sector.
Also recall that the Senate had, last week, stepped down the recommendation of its committee to consider the issue of external borrowing for the executive on grounds that it was yet to receive any formal request in that regards.
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Tinubu Commissions Afam 11 Power Plant …Urges Stronger Private Sector Partnership In Power Sector
President Bola Tinubu has restated the commitment of the Federal Government towards achieving sustainable electricity supply and industrialisation in Nigeria.
Tinubu gave the declaration during the commissioning of the newly constructed 180 megawatts Afam 11 Power Plant located in Afam, Oyigbo Local Government Area in Rivers State on Wednesday.
He said the completion of the project within just 16 months was a key achievement in the power sector.
The President who addressed Nigerians virtually during the event, emphasized that the project, which is a landmark partnership between Crescendough Nigeria Limited (CNL) and Sahara Power Group, underscored the tenacity of his administration to promote success in private sector partnership and development, adding that the feat will increase industrialisation and economic growth in the country.
The president commended the Rivers State Government, the contractors, Sahara Energies and Crescendough Nigeria Limited (CNL) for the successful delivery of the project on record time.
While urging stronger collaboration among stakeholders to achieve a more globally competitive Nigeria, Tinubu said achieving sustainable power supply remains an unwavering goal under his administration
The President described the project as a testament to the blossoming investment opportunities fostered by his administration’s well-structured policies, which prioritize national development and private sector participation.
He emphasized that the Afam II Plant will not only bolster Nigeria’s power generation capacity by adding 180MW to the national grid but also energize businesses, industries, healthcare facilities, and households, igniting hope for a brighter economic future.
“The completion of the Afam II Plant within just 16 months reinforces our capacity to overcome challenges through collaboration, tenacity, and unwavering commitment under the Renewed Hope Agenda,” President Tinubu stated. “Achieving stable power supply remains a top priority for this administration. I have directed the Honourable Minister of Power and all stakeholders in the power value chain to work collectively towards our declaration to light up Nigeria.”
“We solicit the support of all Nigerians as we implement reforms and strategies to transform the power sector. Our administration will continue to enforce policies that attract investments—both local and foreign—to achieve this critical goal,” he affirmed.
In his remarks, the Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (Rtd), hailed the project as a product of visionary leadership and private sector empowerment.
He noted that President Tinubu’s enabling policies have spurred bold investments across key sectors, including power, agriculture, oil and gas, education, and transportation.
“This power plant reflects the long-standing vision of successive Rivers State administrations to expand energy infrastructure beyond oil and gas, driving industrial growth,” Vice Admiral Ibas said. “Beyond boosting electricity supply, this project has created jobs and skills development opportunities for youths in Afam. I commend the host community for their cooperation, proving that peace and development go hand in hand,” he said.
The Minister of Power, Adebayo Adelabu, described the Afam II Plant as a commendable milestone showcasing the private sector’s pivotal role in enhancing power generation within a conducive business environment.
Similarly, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, applauded Rivers State’s sustained investments in energy infrastructure since 2011, culminating in the Afam II Plant’s success.
Speaking at the event, the Group Managing Director of Sahara Power Group, Kola Adesina, highlighted that the partnership reinforces Sahara’s position as Nigeria’s largest private-sector electricity provider, contributing 20% of the nation’s power supply and driving sustainable development.
He described the project as a celebration of collaboration, intentional strategic and sustainable partnership that make Nigeria an industrial hub.
He commended President Tinubu’s Renewed Hope Agenda, while also thanking the host communities for their support.
The Tide reports that the Afam II Power Plant stands as a beacon of progress, underscoring Nigeria’s resolve to achieving energy security, economic growth, and industrial transformation under the Renewed Hope Agenda.
Taneh Beemene
As Muslim faithful celebrate the Eid-el-Kabir today, security agencies, including the Federal Road Safety Corps, National Security and Civil Defence Corps, and the Nigerian Police have deployed over 50,000 personnel to secure shopping malls, prayer grounds, motor parks, markets, recreational centres and various government buildings for the celebrations.
The FRSC, in a statement by its spokesperson, Olusegun Ogungbemide, on Wednesday, stated that over 36,000 personnel, including regular and special marshals, will be deployed across the country.
This is as he disclosed that the FRSC has commenced a nationwide special patrol operation in preparation for the Eid el-Kabir celebrations slated for today.
The operation will be supported by 750 patrol vehicles, 120 ambulances, 25 tow trucks, and more than 200 motorbikes.
The initiative, which runs from June 5 to June 11, aims to ensure road safety and manage traffic flow during the festive period.
The statement read in part, “Pursuant to the declaration of Friday, 6 June 2025 as the day of Eid el Kabir in Nigeria, the Federal Road Safety Corps has commenced massive Mobilisation of its personnel and operational equipment for the Sallah special patrol aimed at ensuring safer road environment, before, during the festive period and beyond.
“The Operations Order states that not fewer than 36,000 of the FRSC regular, special marshals, and about 750 patrol vehicles, 120 ambulances, 25 tow trucks and over 200 Bikes would be on the road during the special operation that would commence from 05 to 11 June 2025.”
The statement noted that the Corps Marshal, Shehu Mohammed, disclosed that the special patrol was designed to facilitate free vehicular movement, enable prompt rescue operations, and promptly clear road obstructions.
Mohammed stressed the corps’ commitment to reducing road traffic crashes through effective patrols and public enlightenment.
The statement read in part, “To ensure the effectiveness of the operations, the Corps Marshal, Shehu Mohammed, directed commanding officers operating across various formations nationwide to ensure that the 52 corridors are properly manned throughout the operations.
“He, however, appealed to motorists to obey all traffic rules and regulations and cooperate fully with the FRSC and other law enforcement agencies that would be deployed for traffic management duties, saying mobile courts would be in session across the country for prompt dispensation of justice to recalcitrant traffic violators.
“The Corps Marshal also directed that the operatives pay first-rate focus on effective traffic control, wrongful overtaking, use of phone while driving, driver licence violation, lane discipline, removal of rickety vehicles on the road, driving with expired/worn-out tyre and those without spare tyre etc.”
The statement added that commanding officers have been instructed to ensure full coverage of 52 key corridors across the country, including major highways such as Akwanga-Lafiya-Makurdi, Abuja-Kaduna-Kano, Sagamu-Mowe-Lagos, and Jos-Bauchi-Gombe, among others.
The corps also stated that it had equipped its officers with radar guns and breathalysers to monitor speed and deter drunk driving.
It urged all road users to cooperate with enforcement officers and to advocate for responsible driving habits during the festivities.
In the same vein, The Lagos State Police Command has rolled out a robust security plan to ensure a safe and peaceful Eid el-Kabir celebration across the state.
This was contained in a statement yesterday, by the command’s Police Public Relations Officer, CSP Benjamin Hundeyin, issued on behalf of the Commissioner of Police, CP Olohundare Jimoh.
According to the statement, the CP has ordered the deployment of various tactical and conventional police teams across the State to preempt and prevent any form of criminal activity during the festive period.
The statement partly read, “The Commissioner of Police, Lagos State Command, CP Olohundare Jimoh, has ordered the immediate deployment of conventional police personnel, the Rapid Response Squad, the Eko Strike Force, and other tactical squads of the Nigeria Police Force to all strategic locations across the length and breadth of Lagos State.
“Special anti-crime prevention teams have also been deployed to identified black spots, criminal hideouts, and other flashpoints to prevent crimes and criminality throughout the state, build public confidence, and dispel the fear of crime from the minds of all Lagosians and visitors alike, to guarantee safety and ensure a hitch-free Eid el-Kabir Sallah celebration during this festive season and beyond.”
It added that to strengthen operational coverage, the commissioner also deployed highly trained officers from the Force’s elite units.
“Consequently, the Commissioner of Police has deployed strike forces of the NPF and tactical squad officers from the Police Mobile Force, Counter-Terrorism Unit, Special Protection Unit, Intelligence Department, Anti-Bomb Squad, and conventional teams across the state, with Armoured Personnel Carriers and other vehicular patrol teams, to focus strictly on providing security and protection at all Eid praying grounds, mosques and religious facilities, venues of gatherings and celebrations, and other areas of recreation, in order to ensure the safety and security of Muslim faithful and other non-Muslims who will be joining in the celebrations”, the statement further stated.
The command also assured Lagosians that key public areas would be closely monitored, stating, “Particular security attention is focused on recreation centres and other public spaces where large gatherings are anticipated. These spaces will be thoroughly policed to ensure effective crowd control, traffic management, and ease of movement across Lagos State.
“Additional proactive measures are being implemented to prevent crimes, ensure prompt detection of criminal activity, and address any emerging security concerns across the state.”
The statement further added that maintaining peace throughout the celebration remains a top priority for the Lagos Police Command, stating, “The maintenance of public order before, during, and after the festivities remains the utmost priority of the Command.
Meanwhile, the NSCDC in Lagos has also mobilised 2,150 officers across the state.
A statement by the Lagos Civil Defence Public Relations Officer, Oluwaseun Abolurin, indicated that the officers are to ensure adequate security and prevent unscrupulous elements from vandalising critical national assets and infrastructure in the state.
The statement quoted the Lagos State Commandant of the NSCDC, Mr Adedotun Keshinro, as assuring that operational strategies had been put in place to help rid the state of criminals and eradicate the nefarious activities of vandals and other criminal elements that take action inimical to the economic growth and development of the state.
“The officers and men across all formations of the command have been charged to bring the right and appropriate impetus on board to protect all strategic locations, points, facilities, right of ways, oil pipeline installations, religious and worship centres, parks and gardens and all assets belonging to the local, state, and Federal Government of Nigeria and more in the state,” the statement read.
In Katsina, the State Police Command said it had deployed adequate security measures to protect lives and property during and after Sallah celebrations across the state.
This was contained in a statement by the Command Public Relations Officer, DSP Abubakar Sadiq and made available to newsmen in Katsina, on Wednesday.
According to the statement, “The Katsina State Police Command under the able leadership of CP Bello Shehu, is pleased to announce that given the forthcoming Eid-el Kabir festival, it has put in place adequate security arrangements to ensure a peaceful and hitch-free Sallah celebration throughout the state. To achieve this, the command has deployed adequate personnel and assets to strategic locations across the state.”
It warned against reckless and unlawful horse riding, dangerous driving, unlawful gathering, substance abuse, etcetera, which may cause chaos and endanger the lives of good people of the state.
In Delta, the Commissioner of Police, CP Olufemi Abaniwonda, ordered massive deployment of personnel from Area Commands, Tactical formations, and divisions to provide adequate security in all Muslim prayer grounds and strategic locations across the state.
The commissioner also directed all Divisional Police Officers to intensify raids of criminal hideouts and black spots within their areas of responsibility.
This was contained in a signed statement by the police public relations officer for Delta State Command, SP Bright Edafe, on Wednesday.
According to the statement, the police boss has assured the public, particularly the Muslim faithful, of adequate security and free flow of traffic in the state during the Eid-el-Kabir celebration.
The Commissioner of Police noted that “in recognition of the significance of the sacred occasion, the Command will be working in close synergy with other sister security agencies which include the Military, DSS, NSCDC, Road Safety, etc to ensure that the activities of all unfriendly forces such as kidnappers, armed robbers, cultists, etc are nipped in the bud.”
In Kwara State, the NSCDC assured all residents and visitors of a peaceful and well-secured festive season across the state.
The State Commandant, Mohammed Umar, ordered the deployment of 2,900 officers and men across all 16 local government areas to ensure full coverage of critical infrastructure, prayer grounds, recreational centres, and other high-traffic locations.
A statement by the Public Relations Officer of the command, Ayoola Michael, on Wednesday, said, “All area Commanders, Divisional Officers, and Tactical Units have been directed to remain on high alert and sustain proactive engagements with communities.”
Meanwhile, the Federal Capital Territory Command of the NSCDC has “deployed 4,500 personnel across the nooks and crannies of the FCT” ahead of the upcoming Eid-el-Kabir celebrations.
Commandant Olusola Odumosu, who heads the FCT Command, announced the deployment as part of efforts to ensure public safety and the protection of critical national assets before, during, and after the festivities.
According to a statement signed by the command’s spokesperson, Monica Ojobi, on Wednesday, the deployment spanned specialised units, including the Female Strike Force, Arms Squad, Operation Adkasu, Critical National Assets and Infrastructure Unit, and the Chemical, Biological, Radiological, Nuclear, and Explosives Unit.
The statement revealed that officers had been stationed at key public locations considered vulnerable, such as shopping malls, prayer grounds, motor parks, markets, recreational centres, the City Gate, the Three Arms Zone, amusement parks, and various government buildings.
Odumosu emphasised the importance of full personnel deployment and warned that lapses would not be tolerated.
Residents of the FCT were urged to remain vigilant and report any suspicious activity to the nearest security agency. The command assured the public of its readiness to provide a safe environment throughout the celebration period.
Odumosu also warned criminals and vandals to steer clear of critical infrastructure, noting that covert security personnel are actively monitoring the city and will take swift action against any offenders.
“My personnel are ready to ensure you have a peaceful celebration, you have a part to play too by being proactive,” he stated.
The Federal High Court (FHC) of Nigeria will on July 28 begin its annual vacation.
The Chief Judge (CJ) of FHC, Justice John Tsoho, made this known yesterday in a statement by the court’s Director of Information, Dr Catherine Christopher, in Abuja.
The statement is titled “Notification of Federal High Court Annual Vacation for the Year 2025 and Roaster for Vacation Judges.”
Tsoho said the announcement was by virtue of the provisions of Order 46, Rule 4 (d) of the Federal High Court (Civil Procedure) Rules 2019.
“The vacation will commence from Monday, the 28th day of July 2025, to Tuesday, the 16th day of September, 2025.
“The court shall resume sitting on Wednesday, the 17th day of September, 2025.
“During the vacation period, the core Divisions; Abuja, Lagos and Port-Harcourt Judicial Divisions will remain functional for cases of extreme urgency.
“Consequently, the litigating public will be at liberty to approach ONLY the above listed Courts located nearest to them,” he said.
The CJ said the vacation judges are Justice Emeka Nwite and Justice Musa Liman for the Abuja division while Justices Deinde I. Dipeolu and Musa Kakaki would serve for the Lagos division.
The CJ said Justices P. M. Ayua and A. T. Mohammed will serve as vacation judges for the Port- Harcourt.