Connect with us

POLITICS

Senate Approves FG’s 2022-2024 External Borrowing Plan

Published

on

Share

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.
Haruna Manu, the Vice Chairman of the Committee, said the committee noted with utmost importance, the genuine and very serious concerns of Nigerians about the level and sustainability, serviceability of the nation’s borrowing activities in the last decade.

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

Ombugadu Intensifies Grassroots Engagement Ahead Nasarawa North Senatorial Bye-Election

Published

on

Share

From Abel Zwanke, Lafia

The Peoples Democratic Party (PDP) candidate for the Nasarawa North Senatorial bye-election, David Emmanuel Ombugadu on Wednesday intensified his grassroots engagements across Nasarawa Eggon Local Government Area, receiving widespread support from residents, traditional leaders, women, youths, elders, and religious leaders ahead of the poll.

Earlier in his consultations across the constituency, Ombugadu visited Igga-BrumBrum, Ikka-Wangibi, Mada Station, Lambaga/Arikpa, and Kagbu wards, where he was warmly received by enthusiastic supporters.

The visits formed part of his ongoing efforts to mobilise support and engage directly with the electorate ahead of the forthcoming election.

The PDP candidate also paid a visit to the hometown of the late Senator Godiya Akwashiki, where he met with members of the family. During the visit, the father of the late senator described Ombugadu as his son and symbolically adopted him as “Ombugadu Akwashiki.” He prayed for the success of the PDP candidate and urged him to remain committed to the ideals of service, unity, and development championed by the late senator.

In his latest round of engagements, Ombugadu visited Ezen/Lizzi, Agunji/Ogbagi, and Alogani/Gale communities, where large crowds turned out to welcome him. Women groups, youths, elders, and pastors offered prayers for the PDP candidate and publicly endorsed his senatorial ambition, expressing confidence in his ability to provide quality representation at the National Assembly.

Speaking during the meetings, several community leaders recalled projects executed by Ombugadu during his tenure in the House of Representatives, noting that the impact of those interventions remains visible years after he left office.

According to them, many communities continue to benefit from the developmental projects he attracted, a record they said has strengthened public confidence in his leadership.

“The projects Ombugadu brought to our communities are still fresh in our minds. We have not forgotten what he did for our people, and that is why we are supporting him for the Senate,” a community representative said during one of the engagements.

Addressing supporters, Ombugadu expressed gratitude for the overwhelming reception and assurances of support from the various communities. He pledged to provide effective representation and attract more development projects to Nasarawa North if elected.

“I am humbled by the love, prayers, and confidence the people continue to show me. This support is a call to greater service, and I assure our people that I will continue to work for the progress and development of every community in Nasarawa North,” he said.

The former Lawmaker reiterated his commitment to promoting infrastructure development, education, youth empowerment, agriculture, and improved social services, stressing that his campaign remains focused on issues that directly affect the lives and wellbeing of the people.

Political observers say the growing turnout at Ombugadu’s campaign engagements across Nasarawa Eggon reflects increasing grassroots momentum as candidates intensify consultations and voter outreach ahead of the highly anticipated senatorial bye-election.

Continue Reading

POLITICS

 Insecurity: Reps Give Marching Orders to Service Chiefs

Published

on

Share

By Ubong Ukpong, Abuja

The House of Representatives yesterday raised fresh concerns over Nigeria’s worsening security situation, warning that the nation’s service chiefs should consider honourably resigning if they fail to restore public confidence and reverse the tide of insecurity within a reasonable period.

The lawmakers also called on President Bola Tinubu to immediately deploy a comprehensive and aggressive security strategy aimed at dismantling bandit, terrorist and kidnapping networks operating across the country.

The resolution followed the adoption of a motion of urgent public importance moved by Rep.

Ibe Osonwa during plenary. The motion highlighted the rising cases of banditry, mass abductions, attacks on schools and places of worship, and the growing sense of insecurity among Nigerians.

Leading the debate, Osonwa lamented the continued targeting of vulnerable communities, educational institutions and worship centres by criminal groups, warning that the situation was disrupting education, deepening poverty and threatening constitutional rights.

The House reminded the Federal Government of its constitutional obligation to protect lives and property, stressing that the security and welfare of citizens remain the primary responsibility of government.

Lawmakers condemned the persistent wave of kidnappings and attacks across the country and resolved to formally appeal to President Tinubu, in his capacity as Commander-in-Chief, to intensify efforts to secure schools, communities and religious centres while ensuring the rescue of citizens held captive by criminal elements.

The House further directed its Committees on Defence, National Security and Intelligence, and the Army to strengthen oversight of security operations and report back within two weeks.

Meanwhile, prominent Islamic cleric, Sheikh Ahmad Gumi, has defended his visit to Ibadan, Oyo State, dismissing allegations that he was promoting the Islamisation of the South-West or advancing northern religious interests in the region.

Responding to criticisms in a social media post, Gumi said his attendance at an Islamic gathering in Ibadan was in his capacity as a representative of the Coalition of Northern Muslim Ulama and not at the invitation of any South-West Muslim group.

The cleric maintained that no individual or organisation could prevent him from travelling to any part of Nigeria, insisting that his constitutional rights entitled him to move freely across the country.

Gumi also linked the controversy surrounding his visit to what he described as growing Islamophobia in parts of the South-West, arguing that his participation in the event had been unnecessarily politicised.

His comments came amid renewed public debate over security and religious issues following reports surrounding the abduction of residents in Oyo State, although one of the victims recently dismissed claims that the kidnappers demanded the introduction of Sharia law as a condition for their release.

The developments underscore growing national concerns over security, social cohesion and the need for stronger government action to address the challenges confronting the country.

Continue Reading

POLITICS

State Police Debate: Adebayo’s Four-Year-Old Position Resonates

Published

on

Share

By Mike Odiakose, Abuja

As Nigeria moves closer to renewed constitutional conversations around the creation of state police, comments made about four years ago by former Social Democratic Party (SDP) presidential candidate, Prince Adewole Adebayo, are drawing fresh relevance.

In an interview conducted during the build-up to the 2023 presidential election, Adebayo strongly defended the creation of state and local government policing, arguing that Nigeria’s highly centralised security structure had become ineffective and disconnected from local realities.

According to him, any level of government empowered to make laws should also possess the authority to enforce them.

He argued that it was contradictory for states to legislate on issues including criminal offences, sanitation, public order and local administration while depending almost entirely on a centrally controlled police system headquartered in Abuja.

Adebayo maintained that most offences affecting everyday life — including murder, theft, arson and other serious crimes — are prosecuted under state laws, raising questions about why states have little operational control over policing.

Using Lagos as an example, he questioned situations where incidents occurring entirely within a state still require intervention and decisions from federal authorities.

He said such arrangements weaken accountability and delay justice.

The former presidential candidate also called for wider police reforms beyond decentralisation, arguing that policing in Nigeria should move away from what he described as a culture of force toward one rooted in public service and community trust.

According to him, police should belong to the people rather than function as an extension of government power.

He further proposed stronger institutional links between policing and the justice system, including reforms that would reinforce the role of legal institutions in ensuring accountability.

Beyond security, Adebayo linked Nigeria’s security challenges to broader failures in economic governance.

He rejected arguments that Nigeria’s fiscal problems stem primarily from insufficient taxation, insisting instead that the country loses substantial revenue through leakages, resource theft and weak administration.

He argued that government should prioritise recovering legally due revenues rather than imposing additional tax burdens on citizens and businesses.

Adebayo pointed to crude oil theft and illegal extraction of solid minerals as examples of areas where stronger governance could significantly improve national income.

He also criticised arbitrary tax practices, warning that unrealistic assessments discourage productivity and encourage corruption.

According to him, economic recovery requires efficient revenue collection, transparent administration and stronger protection of public resources.

While the interview was held years ago, many of the issues raised — particularly around decentralised policing, insecurity and economic management — remain central to Nigeria’s ongoing governance debate.

With discussions on state police once again gaining policy attention, Adebayo’s earlier arguments are returning to public conversation as part of wider calls for security and structural reforms.

Continue Reading

Advertisement

Top Stories

Metro17 hours ago

Tinubu Visits Benue, Commissions Projects Tomorrow

ShareFrom Attah Ede, Makurdi Benue State is set to host the First Lady of the Federal Republic of Nigeria and National...

International Federation of Association Football (Fédération Internationale de Football Association) International Federation of Association Football (Fédération Internationale de Football Association)
SPORTS17 hours ago

Fifa to Pay Somali Referee Artan Full World Cup fee

ShareSomali referee Omar Artan, who was denied entry to the United States to officiate at the World Cup, will still receive his full...

Foreign News17 hours ago

 Delegates in China Denounce Xenophobic Attacks

ShareAfrican delegates attending seminars in China have condemned reported xenophobic attacks against foreign African nationals in South Africa and called for greater unity across the continent. The delegates made the...

NEWS17 hours ago

Kogi Targets 240,000 Children for Schistosomiasis Mass Drug Administration

ShareFrom Joseph Amedu, Lokoja The Kogi State Government said it will reach over 240,000 children aged 5–14 years in 39 wards across 15 Local...

NEWS17 hours ago

Anambra Urges Residents to Provide Information on Fake Pastors, Others

ShareFrom Sylvia Udegbunam, Enugu The Anambra State Government, under the leadership of Prof. Chukwuma Charles Soludo, has extended the “War Against Fake Native Doctors”...

NEWS17 hours ago

Boat Mishap Kills 11 in Benue River

ShareFrom Attah Ede, Makurdi No fewer than 11 persons were Saturday night feared dead when a boat said to be conveying them...

NEWS17 hours ago

Terrorism: After Gen Rabe’s Death, Buratai Warns of Darker Days Ahead

ShareBy David Torough, Abuja Nigeria’s deepening insecurity crisis has triggered fresh alarm across military, political and religious circles following the...

NEWS1 day ago

Black Sunday : Nigeria is bleeding – CAN

ShareBy Laide Akinboade Abuja The Christian Association of Nigeria (CAN), on Sunday, lamented the spate and incessant insecurity challenges across...

Health1 day ago

Zuba Braces for Major Sickle Cell Awareness Walk, Health Outreach

ShareBy David Torough, Abuja Preparations have reached an advanced stage for the World Sickle Cell Day 2026 Awareness Walk and...

NEWS3 days ago

Nasarawa Governor’s Aide Empowers 250 Women in Karu

ShareBy Tambaya Julius, Abuja Two hundred and fifty (250) women from Panda/Kare Electoral Ward in Karu Local Government Area, Nasarawa...