Tag Archives: Buhari

House Okays Buhari’s $22.29bn Loan Request

President Muhammadu Buhari’s foreign loan request has been approved by the House of Representatives.

The approval of the $22.29bn loan by the House was in concurrence with the Senate.

This approval is coming days after Buhari wrote to the National Assembly to request approval of fresh external borrowings totalling $ 5 . 513 bn.

Buhari had, in his letter read in the Senate and House on Thursday , said the funds were for 2020 budget deficit , financing of critical projects.

The $ 22 . 79 bn loan is part of the 2016 –2018 Federal Government External Borrowing ( Rolling ) Plan.

The Senate had on March 6 approved the loan amidst controversy. The Minority Leader , Senator Enyinnaya Abaribe , had particularly led the protests.

The House on March 11 suspended its consideration of the request indefinitely .

The Speaker , Femi Gbajabiamila , would later on March 18 disclose that the protest by National Assembly members from the South- East geopolitical zone led to the suspension of work on the loan .

He had said the House was already in talks with the Federal Government officials on how the zone would be accommodated in the execution of projects with the loan .

At the plenary on Tuesday , the House considered and adopted the report by the Committee on Aids, Loans and Debt Management led by Mr Ahmed Safana , which inserted the Port Harcourt- Maiduguri rail line project, asking the Federal Government to seek a separate loan for its execution .

The Speaker noted that the leadership of the House had drawn the commitment of the finance minister that the project must be captured in the next loan if the lawmakers must approve it.

The committee in its report , however, echoed the concerns expressed by Nigerians on the country ’ s rising debt profile and the implication for the economy .

Obaseki: “God gave me power. If he wants me to return I will continue”

Godwin Obaseki, Edo State Governor, claims he has confident that he will be re-elected to power as Governor of the state because “power comes from God.”

This was made public by the governor on Wednesday, in an interview on Channels Television breakfast programme, Sunrise Daily, where noted that he is a man of peace, not a violent person.

The Governor made this statement in response to instances of insecurity in the state which have been attributed to the coming elections.

Governor Obaseki also spoke with regards to long raging the political rift within his party the All Progressives Congress (APC) in Edo State, adding that he is not distracted, adding that his focus is on developing Edo State.

He added that though there are issues in the Edo State chapter of the APC, those issues can be revolved within a democratic setting. Added that things are made worse by persons that are bent on compelling him to succumb to their wimps and caprices.

He continued to emphasize his optimism that the rule of law will prevail in the affairs of the State and that his confidence was based on the fact President Muhammadu Buhari will allow the rule of law to guide the affairs of the state.

‘Buhari Not Probing Kyari’s Office’ Presidency Debunks Rumour

A report that President Muhammadu Buhari cancelled about 150 memos authorised by former Chief of Staff, the late Mallam Abba Kyari, was incorrect, the Presidency said last night.

Senior Special Assistant to the President on Media and Publicity Mallam Garba Shehu urged Nigerians to ignore the report in a statement.

It reads:

“The attention of the Presidency has been drawn to media reports alleging that President Muhammadu Buhari has cancelled a number of memos and appointments signed off by his former Chief of Staff. Not surprisingly, these reports have quoted unnamed sources.
“There is not a grain of truth in these reports and Nigerians should please ignore the insinuations behind them.

“President Buhari was duly re-elected by Nigerians in February 2019. He has not and will never cede to anyone else, that power and trust given to him by the Nigerian people.”
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BREAKING: FG Receives Native Cure For COVID-19 From Madagascar

The Federal Government of Nigeria has announced that they have taken delivery of the native remedy for the COVID-19 from Madagascar.

President Buhari’s Senior Special Assistant, Garba Shehu, has taken to tweeter to announce on this Saturday that the Federal Government of Nigeria has take delivery of the native remedy for the COVID-19 from Madagascar.

Mr Garba says samples of the native remedy were brought by the President of Guinea Bissau, Umaro Embalo.

However, he noted that President Buhari reiterated that all necessary procedures will be put in place before allowing traditional or any new medicines to be administered on Nigerians.

Buhari Appoints New Chief Of Staff

Former Minister of Foreign Affairs, Professor Ibrahim Agboola Gambari, has been appointed the new Chief of Staff to President Muhammadu Buhari. With his appointment, he replaces Mallam Abba Kyari, who died last month of COVID-19.

Gambari, who was Buhari’s Foreign Minister and confidant as military Head of State in the 1980s, met with the President at about 8am on Tuesday at the State House, Abuja.

The new Chief of Staff will resume work at the Presidential Villa on Wednesday.
Gambari, as foreign minister, played a key role in quelling the diplomatic uproar generated by the failed attempt to kidnap Mallam Umaru Dikko from UK by the Buhari military government.

A scholar and seasoned diplomat, Gambari served as minister of External Affairs between 1984 and 1985. He was appointed by former United Nations Secretary Ban Ki-moon and the chairperson of the African Union Commission as Joint African Union-United Nations Special Representative for Darfur in 2010.

He also served as Special Adviser on the International Compact with Iraq and Other Issues for the UN Secretary General. Prior to that, he served as Under-Secretary Generay of the United Natio for the Department of Political Affairs (DPA).

The new chief of Staff, an Ilorin prince, was born on November 24, 1944.

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