Politics
Presidency Lists Beneficiaries Of External Borrowing Plan
The Presidency has said that a total of 15 projects, spread across the six geo-political zones of the country, are to be financed with more than $4 billion from multilateral institutions, under the 2018-2021 medium-term (rolling) external borrowing plan.
President Muhammadu Buhari had requested the Senate to approve sovereign loans of $4.054 billion and €710 million as well as grant components of $125 million for the proposed projects.
According to the letter by the President, the sovereign loans will be sourced from the World Bank, French Development Agency (AFD), China-Exim Bank, International Fund for Agricultural Development (IFAD), Credit Suisse Group and Standard Chartered/China Export and Credit (SINOSURE).
The President’s request to the Senate listed 15 proposed pipeline projects, the objectives, the implementation period, benefiting States, as well as the implementing Ministries, Departments and Agencies (MDAs).
A statement by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu said a breakdown of the ‘‘Addendum to the Proposed Pipeline Projects for the 2018-2021 Medium Term (rolling) External Borrowing Plan,’’ shows that the World Bank is expected to finance seven projects including the $125 million grant for ‘‘Better Education Services Delivery for All’’.
According to the statement, the Global Partnership for Education grant is expected to increase equitable access for out-of-school children and improve literacy in focus states.
It further stated that the grant, which will be implemented by the Federal Ministry of Education and the Universal Basic Education Commission (UBEC), will strengthen accountability for results in basic Education in Katsina, Oyo and Adamawa States.
Other projects to be financed by the World Bank are, the State Fiscal, Transparency, Accountability and Sustainability Programme for Results as well as the Agro-Processing, Productivity, Enhancement and Livelihood Improvement Support Project.
The statement said, “The benefiting States for the agro-processing project are, Kogi, Kaduna, Kano, Cross River, Enugu and Lagos with the Federal Ministry of Agriculture and Rural Development as the implementing ministry.
“The objective of the project is to enhance agricultural productivity of small and medium scale farmers and improve value addition along priority value chains in the participating states.
“Similarly, the World Bank is also financing the Nigeria Sustainable Water Supply, Sanitation and Hygiene (WASH) project in Delta, Ekiti, Gombe, Kaduna, Katsina, Imo and Plateau States, for the next five years.
“The project, when completed, is expected to improve rural water supply, sanitation and hygiene nationwide towards achieving Sustainable Development Goals (SDGs) for water supply and sanitation by 2030.
“Under the external borrowing plan, the World Bank-supported projects also include Nigeria’s Covid-19 Preparedness and Response Project (COPREP), under the supervision of the Federal Ministry of Health and Nigeria Centre for Disease Control (NCDC).
“The project, which has an implementation period of 5 years, will respond to threats posed by Covid-19 through the procurement of vaccines.
“Furthermore, no fewer than 29 states are listed as beneficiaries of the Agro-Climatic Resilience in Arid Zone Landscape project, which is expected to reduce natural resource management conflicts in dry and semi-arid ecosystems in Nigeria.
“The benefiting states for the project to be co-financed by World Bank and European Investment Bank (EIB) are Akwa Ibom, Borno, Oyo, Sokoto, Kano, Katsina, Edo, Plateau, Abia, Nasarawa, Delta, Niger, Gombe, Imo, Enugu, Kogi, Anambra, Niger, Ebonyi, Cross River, Ondo, Kaduna, Kebbi, Jigawa, Bauchi, Ekiti, Ogun, Benue, Yobe and Kwara.”
Continuing, it said, “The World Bank is also funding the Livestock Productivity and Resilience project in no fewer than 19 states and the federal capital territory (FCT).
“The China EXIM Bank is expected to finance the construction of the branch line of Apapa-Tin Can Island Port, under the Lagos-Ibadan Railway modernisation project.
“The French Development Agency will finance two projects, which include the National Digital Identity Management project and the Kaduna Bus Rapid Transport Project.
“The digital identity project will be co- financed with World Bank and EIB.
“The Value Chain Development Programme to be financed by IFAD and implemented in Anambra, Benue, Ebonyi, Niger, Ogun, Taraba, Nasarawa, Enugu and Kogi States will empower 100,000 farmers, including over 6,000 and 3,000 processors and traders respectively.
“The loan facility to be provided by European ECA/KfW/IPEX/APC will be spent on the construction of the Standard Gauge Rail (SGR) linking Nigeria with the Niger Republic from Kano-Katsina-Daura-Jibiya-Maradi with a branch to Dutse.
“The specific project title, Kano-Maradi SGR with a branch to Dutse, has an implementation period of 30 months and will be implemented by the Federal Ministry of Transport.
“The Chinese African Development Fund through the Bank of China is expected to provide a loan facility of $325 million for the establishment of three power and renewable energy projects including solar cells production facility Phase 1 & II , electric power transformer production, Plants 1, II, III and high voltage testing laboratory.
Politics
Senate Extends 2025 Budget Implementation To Sept. 30
Senate has again approved a three-month extension implementation period for capital component of the 2025 Appropriation Act from June 30 to Sept 30.
This followed the adoption of a motion moved by Senate Chief Whip, Mohammed Monguno (APC- Borno) at plenary yesterday.
Monguno, moving the motion, said the extension became necessary given the unutilsed substantial funds released to Ministries, Departments and Agencies (MDAs) for implementation of projects under the 2025 budget.
According to him, delays caused by procurement processes, project implementation challenges and administrative procedures had slowed the execution of several critical government projects.
Monguno said many strategic projects across key sectors of the economy were already at advanced stages of completion and required additional time for execution, certification and payment.
“Failure to extend the implementation period of the 2025 Appropriation Act may result in the abandonment of critical projects, the wastage of already committed public resources and the disruption of ongoing government interventions,” he said.
He argued that some allocations contained in the budget might not be accommodated in subsequent appropriation cycles if the implementation window expired.
This, he said would create funding gaps and ultimately undermine development objectives.
He said that extending the validity period of the budget would improve budget performance, facilitate the efficient utilisation of released funds and support economic growth.
“Granting a further extension of the implementation period is in the national interest and will ensure value for money in public expenditure,” he said.
Chairman, Senate Committee on Appropriations, Sen. Solomon Adeola (APC-Ogun), supporting the motion, explained that the extension was specifically targeted at the capital component of the budget.
According to him, when President Bola Tinubu presented the 2025 budget to the National Assembly, there is an understanding that 30 per cent of the budget implementation will be completed by March 31, while the remaining 70 per cent will be rolled into the 2026 budget.
Adeola said that the implementation timeline was not fully achieved, prompting the National Assembly to earlier extend the budget’s lifespan to June 30.
“While we were passing the 2026 budget, due to the non-implementation of that promise, we were forced to extend the budget to June 30,” he said.
He said although payments had commenced, significant obligations remained outstanding.
“There is a need to extend this budget beyond June 30 to September 30, by then, we are hopeful that the outstanding 30 per cent will have been paid in full, while implementation of the components transferred to the 2026 budget can commence.”
Adeola urged senators to support the extension to ensure proper implementation of projects and prevent disruptions to government programmes.
Sen.Victor Umeh (NDC-Anambra), who seconded the motion cited the need to sustain the execution of projects captured under the 2025 Appropriation Act.
“In view of the need to sustain the continued execution of the projects covered in the 2025 Appropriation Act, as amended, I hereby second the motion,” Umeh said.
Following deliberations, Senate President Akpabio put the proposal to a voice vote and it was overwhelmingly adopted by the lawmakers..
Akpabio in his remarks said the decision was necessary to prevent interruptions in payments and project execution.
“The payment would have stopped halfway if this was not done,” he said.
The Senate President commended the Chairman of the Appropriations Committee and other lawmakers involved in handling the matter.
He directed that the Senate’s resolution be transmitted to the executive for implementation.
“Accordingly, the resolution of the Senate is being communicated to the Executive that the 2025 Appropriation Act has been extended to Sept 30.
The National Assembly had earlier extended the implementation period of the 2025 budget to June 30, following delays in the release and utilisation of capital funds.
Senate, thereafter, adjourned plenary to July 7.
Politics
Reps Elect Bayelsa Lawmaker, Agbedi, As Minority Leader
The member representing Sagbama/Ekeremor Federal Constituency of Bayelsa State, Frederick Agbedi, yesterday emerged as the new Minority Leader of the House of Representatives.
Agbedi’s emergence follows the resignation of former Minority Leader, Kingsley Chinda of Rivers State, who recently defected from the Peoples Democratic Party to the ruling All Progressives Congress, creating a vacuum in the leadership structure of the opposition caucus in the Green Chamber.
His nomination was contained in a letter transmitted to the Speaker of the House, Tajudeen Abbas, by the minority caucus during plenary, yesterday.
In the letter, the caucus announced that its members had reached a consensus on the replacement of vacant principal offices allocated to opposition parties in the House.
Abbas, while reading the letter said, “The election of the House of Representatives, Federal Republic of Nigeria, the minority members of the 10th Assembly hereby unanimously nominate the following members by consensus to fill the vacant positions of the minority in the parliament.
“Number one is the Minority Leader, Hon Frederick Agbedi.
“Number two is the position of minority whip, and the person they have endorsed is Hon Mansur Soro (APM, Bauchi).
“The last but not the least is my brother from the North-West, Hon Abdussamad Dasuki (ADC, Sokoko) for the position of Deputy Minority Leader.
“Honourable colleagues, today the body of principal officers is complete, and I want to seize this opportunity on behalf of the whole entire House to congratulate the three people and to wish them all the best in their new positions.”
With the development, Agbedi assumes the responsibility of coordinating opposition lawmakers in the House and articulating the position of minority parties on legislative matters before the chamber.
A ranking lawmaker and one of the longest-serving members of the House, Agbedi has represented Sagbama/Ekeremor Federal Constituency since 2011.
His appointment is expected to strengthen the voice of the opposition caucus at a time when defections and realignments continue to reshape the political landscape ahead of the 2027 general elections.
Also announced was the emergence of Hon Mansur Soro of the Allied Peoples Movement as Minority Whip and Hon Abdussamad Dasuki of the African Democratic Congress as Deputy Minority Leader, completing the minority leadership structure in the 10th House.
Speaking after the announcement, Abbas congratulated the newly appointed principal officers and pledged the cooperation of the House leadership.
“The leadership of the House will work with them assiduously in ensuring that we achieve our legislative agenda objectives of this very important 10th Assembly,” he added.
The emergence of the new minority leadership comes amid recent changes to the House Rules governing the selection of principal officers. The amendments, which introduced fresh eligibility requirements, have generated debate within opposition ranks and influenced the contest for key leadership positions.
Shortly after the announcement, a lawmaker from Imo State who had been nominated for the position of Minority Leader last week, Ikenga Ugochinyere, formally withdrew from the race.
He cited the amended House Rules and the new eligibility criteria for principal officers as the basis for his decision.
The latest appointments are expected to restore stability within the opposition bloc following weeks of uncertainty triggered by Chinda’s defection and the subsequent scramble for leadership positions.
Political observers believe the new leadership team will face the immediate challenge of forging unity among lawmakers drawn from different opposition parties while providing effective legislative scrutiny of the executive and the ruling APC-dominated parliament.
For the PDP, which remains the largest opposition party in the House despite recent defections, Agbedi’s emergence is seen as a strategic move aimed at maintaining cohesion within the minority caucus and strengthening its influence in parliamentary proceedings.
Politics
Don’t Risk Your Legacy, Citizen Begs Jonathan Against 2027 Presidential Race
In a letter titled, “An Open Letter to Former President Goodluck Jonathan,” the observer said Dr Jonathan should be careful not to allow himself to be drawn into partisan calculations driven by ambition rather than national interest.
He cautioned the former president against allowing himself to be used by what he described as desperate political interests.
“I believe this is the time to protect the good name and legacy you have built over the years. You should not allow yourself to be used by desperate political elements who may be more interested in their own ambitions than in the future of Nigeria,” the letter read.
The Social Commentator further warned Dr Jonathan to be wary of those advocating for his comeback, claiming many of them were previously opposed to his administration.
“Many of those calling for your return today were your antagonists, those who frustrated your government back then. You should be careful not to become a pawn in a game designed by others or else they will stain your white with their ‘roforofo’,” he said.
He maintained that Dr Jonathan’s legacy remains defined by his decision to concede defeat in 2015, which he described as a landmark moment in Nigeria’s democratic history.
“Your legacy was built through years of public service and your decision to put the country’s peace above personal ambition at a critical moment in Nigeria’s history. That legacy should not be put at risk because of the desperation of a few politicians,” he added.
Mr Adenuga also alleged that some of the promoters of Dr Jonathan’s return have lost credibility in the public space.
“The truth is that some of the people pushing you to contest have already damaged their own reputations. They should not be allowed to stain your legacy with their soiled hands. What they could not achieve on their own should not be pursued through your name and goodwill,” he stressed.
He concluded by urging the former president to remain above political manoeuvring and protect his place in history.
“History has been kind to you. Preserve that honour and remain above the political games of those who want to use your name for their own purposes,” he wrote.
Recall that former President Goodluck Jonathan recently emerged as the presidential candidate of the Kabiru Turaki-led Interim National Working Committee of the Peoples Democratic Party (PDP) following a special convention held in Abuja, where delegates ratified his nomination ahead of the 2027 general elections.
-
Politics4 days ago
I DIDN’T PROMISE YOU TICKETS, AKPABIO TELLS APC SENATORS WHO FAILED PRIMARIES
-
Rivers5 days agoPolice arrest 3 suspects over killing of driver in Rivers
-
News5 days agoFUBARA ASSURES NUT OF SECURITY OF SCHOOLS IN RIVERS
-
News5 days agoNDLEA Arrests Four Notorious Female Drug Dealers In Four States
-
News13 hours ago
Nigeria, Ethiopia Seal Agreement To Transfer 100 Nigerian Prisoners
-
News13 hours ago
Nigeria No Longer Safe For Drug Cartels – Marwa
-
Nation14 hours ago
Asarama Kingdom Condemns Gruesome Murder of A Commercial Vehicle Driver
-
Rivers14 hours ago
Monarch Raises Alarm Over Defamatory Politics … Urges For Unity In Ogoni
