POLITICS
Senate Approves FG’s 2022-2024 External Borrowing Plan

The Senate has approved President Bola Tinubu’s request on the 2022-2024 external borrowing rolling plan of 7.4 billion dollars and 100 million euros.
This followed the adoption of report of the Senate Committee on Local and Foreign Debt at plenary.
Presenting the report, Sen.
He said the debt service figures constitute a huge drain on the nation’s revenue to the extent that it accounts for over 30 per cent of its expenditure in the annual budget.
Manu said due to the shortfall on the nation’s annual revenue in relation to its need for rapid infrastructural and human capital development, the National Assembly have had to pass deficit budget every year.
This, he said required borrowing to finance the deficit in the budget.
Manu said the borrowing request seeking approval of National Assembly was proposed to be borrowed from various financial institutions.
According to him, the proposed projects in the Ministries’ of Education, Agriculture and Women Affairs were mostly ongoing projects and programmes in respect of which external borrowed funds have been spent in the past, including loans.
He said the projects have a great multiplier effect on stimulating economic growth through infrastructure development, job creation and poverty alleviation, stimulation of commercial and engineering activities.
The Taraba senator said the projects also have consequent tax revenues payable to government as a result of the productive activities.
He said the committees found that the World Bank has expressed its willingness to provide funds to improve the reliability of electricity supply, achieve financial and fiscal sustainability, and enhance accountability and to also ensure that all existing grid-connected capacity is utilised to deliver more power.
According to him , the projects are also intended to improve states’ land administration, business-enabling environment and public Private partnership.
Similarly, Senate also gave expeditious approval for securitisation of the balance of N7.3trillion
ways and Means revenue in the Consolidated Revenue Fund (CRF) of Nigeria.
The approval followed the consideration of President Bola Tinubu request in a letter addressed to President of Senate, Godswill Akpabio and read at plenary.
Senate also confirmed the appointment of Executive Commissioners for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
This followed the adoption of the report of Senate Joint Committee on Petroleum Upstream on screening of the nominees.
Those confirmed were Bashir Indabawa North-West , Executive commissioner, exploration and acreage management
Kelechi Ofoegbu , South-East, Executive Commissioner, Corporate Services and Administration.
Enorense Amadasu South-South , Executive Commissioner, Development and Production.
Babajide Fasina South-West,Executive Commissioner, Economic Regulation and Strategic Planning.
Senate thereafter,adjourned plenary until Jan 23. (NAN)
POLITICS
2027: I have No Presidential Ambition – Yahaya Bello

Former governor of Kogi, Alhaji Yahaya Bello on Friday said he won’t contest against President Bola Tinubu in 2027 because he has no presidential ambition.
In a statement signed by Michael Ohiare, his Media Director, Bello expressed surprise and shock over a video post of his 2022 rally, claiming he had started campaigning against President Tinubu for 2027.
The statement read: “While we state categorically, that our principal, Bello, has no 2027 presidential ambition, we want to also stress his unflinching commitment to the re-election of President Tinubu come 2027.
“The indices cannot lie. The President and his team have done exceedingly well for the country, despite global challenges.
On merit, he deserves the support of well meaning Nigerians.“Nigerians should disregard the mischievous post insinuating a fresh presidential support rally as what it is – a senseless post by a confused, witless mind
“The fabricators forgot that the 2022 dates are boldly written on the banners on display. Yet, they expect reasonable people not to see this as the handiwork of detractors. ” he said.
Ohiare described the post as a “senseless post” by mischief makers, who have no other job than to fabricate falsehood and disseminate same to mislead unsuspecting Nigerians.
According to him, the fabricators have tried so hard in their “bring-him-down-at-all-costs” mission against Bello but have always failed woefully.
The director stated that it was not the first time detractors and their co-travellers would fly absolute falsehood with the aim of setting the former governor against President Tinubu.
“But this latest slant of reposting a 2022 rally afresh and insinuating that it is just happening, connotes nothing but sheer mischief.
“Nigerians should be wary of witless persons who concoct stories without thinking, just to satisfy the interests of their paymasters, ” he said
He stressed that the post was out of desperate bid to create crisis where there is none. (NAN)
POLITICS
2027: APC Governors Endorse Tinubu

The Progressive Governors Forum on Thursday at the All Progressives Congress (APC) National Summit held in Abuja endorsed President Bola Tinubu as sole candidate for the 2027 presidential election.
The endorsement, which was moved by Gov. Hope Uzodimma of Imo and Chairman of the forum Chairman, was seconded by Gov.
Uba Sani of Kaduna State.Uzodimma, who spoke on behalf of the forum, emphasised commitment to mobilising resources and ensuring victory for Tinubu in their respective states.
The governors expressed confidence in Tinubu’s leadership and reforms, promising to deliver their states in the upcoming elections.
This endorsement follows similar moves by other APC regional leaders, including the North Central governors who recently passed a vote of confidence in Tinubu’s administration, praising his developmental strides and inclusive governance approach.
(NAN)POLITICS
Senate Passes Bill Establishing FMC Adikpo into Law

By Eze Okechukwu, Abuja
The Senate yesterday passed into law a bill for the establishment of a Federal Medical Center, Adikpo in Benue state.
The bill which was sponsored by Senator Emmanuel Udende (APC, Benue North East) was read for the third and final time during plenary with an unanimous approval by the legislatures when it was committed to the Committee of the whole.
The bill, according to Udende, seeks to establish a federal medical center in Adikpo which will not only cater for the health needs of the people of Benue North East senatorial zone but Benue state and Nigeria in general and beyond.
“The bill awaiting presidential assent seeks to bring medical care closer to the people, especially in times of emergency.
The distance between Adikpo , a Nigerian boarder town and Makurdi, Benue State capital where a Federal Medical Center exists is over 300 kilometers, so patients who need medical care within the Adikpo axis are on a danger line, hence my resolve to use the instrumentality of the parliament to address the troubling health challenge”, senator Udende said.He explained that the people of Kwande who share boundaries with the Republic of Cameroon most often are required to seek medical attention outside their country and in most cases are frustrated or cannot afford the cost.
According to senator Udende, the strategic location of the health facility will provide potential economic benefits of trade and cultural exchange, giving its proximity to the Republic of Cameroon.
He stressed that the Federal Medical Centre will also trigger infrastructure development, healthcare and open up the locality in terms of education while expressing concerns that the absence of such institutions on the side of the Nigerian border town has grossly caused underdevelopment.
The senator however commended the senate Committee on Health and Tertiary Institutions for conducting a public hearing which gave rise to the final parliamentary journey of the bill.