Tag Archives: Politics

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 .

‘I Will Emerge Victorious Now and In October Elections’ Akeredolu Boasts Ahead Of Ondo APC Primary

Ondo state Governor , Rotimi Akeredolu declared on Saturday that he was ready for either direct or indirect primaries.

Speaking through the state Commissioner for Information , Mr Donald Ojogo , the governor expressed confidence that he would win the party ticket and the main election in July and October respectively .

He said that he isn’t not afraid of any direct primaries ; the noise being orchestrated by members of the Unity Forum is to bring impression that Governor Akeredolu is afraid of direct primaries .

He further emphasized that he would prefer direct primaries as they are even more prepared for the direct primaries than those who claimed the governor in support of indirect primary elections.

He concluded boasting that the governor will surely emerge the winner in the primary and in the general election come October.

I Copied Aregbesola’s Work And I Have No Regrets – El-Rufai

The Kaduna state governor, Mal. Nasiru el-Rufai, has revealed that he replicated the social programmes implemented by Rauf Aregbesola as Osun state governor in his state.

El-Rufai made this submission during a virtual colloquium to mark Aregbesola’s 63rd birthday anniversary. He said the the the programmes struck him and helped him connect with Aregbesola.

Commending the impact of Aregbesola’s programmes in Osun, El-Rufai said he was moved to replicate the programmes in Kaduna when he was elected governor.

“He did many innovative things to create prosperity in Osun and the results are clear.

“By the time I got elected as governor, I sent a team to Osun state to look at some of these policies and adjust them for implementation in Kaduna.

He further stated that Aregbesola did so many innovative things in Osun, that’s why when he became governor, he sent a team to see how things are been done. He concluded that if something works, he would be shameless to copy it.

The governor however sighted the fall in oil price as the cog which hindered the implementations of some of the programmes while Aregbesola was Osun governor.

Ogbeni Rauf Aregbesola is the current Minister of Interior.

Other panelists that participated in the colloquium were Abubakar Bagudu, Kebbi state governor; Yemi Kale, the statistician general of the federation; Yemi Cardoso, the chairman of Citibank; Bismarck Rewane, CEO, Financial Derivatives Company; Hajara Adeola, Lotus Capital CEO; and Joe Abah, DAI country director.

‘Praise Buhari For Taking Nigeria To Next Level of Better Change’ Lai Muhammed

The Minister of Information and Culture, Lai Mohammed has said Nigerians should give kudos to the leadership provided by President Muhammadu Buhari which is bringing the country closer to same level with league of great nations.

The minister who spoke at a press conference in Abuja yesterday to mark the first anniversary of the second term of President Muhammadu Buhari, noted that “Change is never easy, and the birth of a new nation comes with pains.”

He said the federal government thanked Nigerians for their support and perseverance, reassuring of its unrelenting commitment to make life more meaningful.

On the achievements of the present administration, he said the president is taking Nigeria to the “next level of irreversible change for the better”.

He said though the COVID-19 pandemic might have briefly slowed down activities in infrastructure, work was set to resume in over 50 major projects across 26 states.
He listed the projects as the Second Niger Bridge, the Abuja-Kano Expressway, the Owerri Interchange, Lagos-Ibadan Expressway and the Port Harcourt-Enugu Expressway.

He said similarly, all was set for the commencement of road repairs in 92 locations across 24 states by the Federal Roads Maintenance Agency.

Lai Muhammed said the government is unhappy about the increase in numbers of Covid-19 infected persons in the country. He however stated that the case would have been worse than this, thanks to proactive measures put in place by President Buhari.

He as well briefly talked about Mr. President’s fight against corruption. He said in the last one year alone, the Independent Corrupt Practices and Other Offences Commission had recovered assets worth N81.23bn and secured 25 convictions and EFCC on its part had secured 1,270 convictions and recovered huge amounts of money within the period under review.

‘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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