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Buhari Resends Request for $29.96bn Loan to Senate

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President Muhammadu Buhari on Thursday re-sent the $29.96bn 2016-2018 external borrowing plan to the Senate for its consideration and approval.

Buhari made the request a day after the International Monetary Fund warned Nigeria against rising debts. The Debt Management Office has said out of Nigeria’s total debt profile of N25.7tn as of June 2019, external borrowing accounts for about 32 per cent while the 68 per cent is domestic.

The President’s  financial plan was approved by the Federal Executive Council in August 2016 and sent to the 8th Assembly in September 2016.

The leadership of the federal parliament led by Senator Bukola Saraki and Yakubu Dogara,  invariably rejected the request in November 2016.

Buhari had asked the 8th Assembly  to approve plans to borrow the amount abroad to fund infrastructure plans from 2016 to 2018.

The President of the Senate,  Ahmad Lawan,  who read the fresh request sent by Buhari during plenary,  did not give details of the executive communication.

In the letter, dated November 26, 2019, Buhari said the 8th National Assembly approved only a part of the External Borrowing request forwarded to it in September 2016.

This, according to him, stalled the Federal Government’s implementation of critical projects spanning across the mining, power, health, agricultural, water and educational sectors.

The letter reads, “Pursuant to Section 21 and 27 of the Debt Management Office (Establishment) Act, I hereby request for Resolutions of the Senate to approve the Federal Government’s 2016 – 2018 External Borrowing plan, as well as relevant projects under this plan.

“Specifically, the Senate is invited to note that: While I had transmitted the 2016-2018 External Borrowing Plan to the 8th National Assembly in September, 2016, this plan was not approved in its entirety by the Legislature.

“Only the Federal Government’s Emergency projects for the North East, (Four (4) States’ projects and one (1) China Exam Bank Assisted Railway Modernisation Projects for Lagos – Ibadan Segment) were approved, out of a total of thirty-nine (39) projects.

“The Outstanding projects in the plan that were not approved by the Legislature are, nevertheless, critical to the delivery of the Government’s policies and programmes relating to power, mining, roads, agriculture, health, water and educational sectors.

“These outstanding projects are well advanced in terms of their preparation, consistent with the 2016 Debt Sustainability Analysis undertaken by the Debt Management Office and were approved by the Federal Executive Council in August 2016 under the 2016 – 2018 External Borrowing Plan.

“Accordingly, I have attached, for your kind consideration, relevant information from the Honourable Minister of Finance, Budget and National Planning the specific outstanding projects under the 2016 – 2018 External Borrowing plan for which legislative approval is currently sought.

“I have also directed the Minister to make herself available to provide any additional information or clarification which you may require to facilitate prompt approval of the outstanding projects under this plan.”

According to the President’s letter, the total cost of implementing the projects is $29.960bn consisting of a Projects and Programme loan of $11.274bn.

Others are, Special National Infrastructure Projects of $10.686bn, Euro Bonds of $4.5bn and Federal Government Budget Support of $3.5bn.

The letter also revealed that the projects and programmes were selected after positive technical economic evaluation and presumed contribution to the socio-economic development of the country.

The projects he said, would be implemented across the 36 States of the Federation and the Federal Capital Territory.

The President explained that it was necessary to resort to external borrowing to fund the financial gap required to address the huge infrastructural deficit in the country such as power, railway, road projects and assured lawmakers of its resolve to implement the projects in a financially sustainable manner.

The President also admitted  that the World Bank had provided the sum of $575m for the purpose of reconstructing and rehabilitating the North East.

He said the amount, which was outside the 2016-2018 External Borrowing Plan had been earmarked for urgent implementation in the region.

Some of the areas of intervention according to him are,  Polio Eradication support and routine immunization project- ($125m); Community and Social Development Project ($75m).

Others are the Nigeria States Health Programme Investment project ($125m); State Education Programme Investment Project ($100m); Nigeria Youth Employment and Social Support Project ($100m) and the Fadama III Project ($50m).

The President therefore urged the Senate  to immediately approve the $575m grant by the World Bank to enable its immediate disbursement before further consideration and authorization of the 2016-2018 borrowing plan.

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Tinubu Spent Millions of Dollars to Hide ‘Drug’ Records, US Firm Alleges

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A United States-based policy advisory and lobbying firm, Von Batten-Montague-York, has alleged that Nigeria’s President, Bola Tinubu, spent millions of dollars to prevent the release of records of his alleged drug trafficking case.

Von Batten-Montague-York made this allegation in a post on its verified X handle late Tuesday.

According to the firm, Tinubu’s claim that he was not attempting to block the release of the records is contradictory to the action of his own legal team in the ongoing Freedom of Information Act (FOIA) case.

It accused Tinubu of having petitioned the court and consulted with the Federal Bureau of Investigation (FBI) and Drug Enforcement Administration, DEA, as part of efforts to prevent the records from being released.

“Despite claiming innocence, Tinubu has spent millions of dollars to ensure that his drug trafficking records are never released.

“The description of the underlying matter is merely a civil case. The involvement of US law-enforcement agencies in the records dispute demonstrated that the matter involved sensitive investigative material,” the firm said.

The latest allegation from the firm came against the backdrop of the ongoing legal battle over the release of records held by the US Department of Justice, DOJ, FBI and DEA, concerning historical investigations involving Tinubu.

United States District judge, Beryl Howell, had granted Donald Trump-appointed attorney, Jeanine Pirro, additional days to release the alleged drug-trafficking records.

Tinubu had joined the request of the US Department of Justice for a 10-day extension to respond to a motion seeking the release of records relating to allegations of drug trafficking.

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Tanzania’s Vice President Emmanuel Nchimbi Resigns

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Tanzania’s Vice President, Dr Emmanuel John Nchimbi, has announced his decision to resign from office and retire entirely from public service and active politics, effective September 4, 2026.
In an official public notice dated August 25, 2026, issued from the Office of the Vice President in Dodoma, Dr Nchimbi revealed that he had formally tendered his resignation letter to President Samia Suluhu Hassan.
Dr Nchimbi cited constitutional provisions under Article 50(2)(c) read together with Article 149(2) of the Constitution of the United Republic of Tanzania as the basis for stepping down to allow President Hassan to appoint a new Vice President.
Reflecting on his tenure, Dr Nchimbi referenced a commitment he made to the Head of State a year earlier, stating that he pledged to serve faithfully to the nation and step aside whenever a change was desired.
“On August 27, 2025, I promised Her Excellency President Dr Samia Suluhu Hassan that I would assist her and our country to the best of my ability and with utter faithfulness,” Dr Nchimbi stated.
“I also assured her that whenever she sees the need for another Vice President, I will vacate the position. I am fully satisfied, without any doubt, that Her Excellency the President desires change, and thus I have decided to fulfil my promise.”
Dr Nchimbi expressed gratitude to President Hassan and the ruling party, Chama Cha Mapinduzi (CCM), for their confidence in his leadership.
He also thanked Tanzanians for their support during his time in public office, reassuring the nation that he would remain a patriotic citizen.
Nchimbi’s journey as a seasoned Tanzanian statesman

Born on December 24, 1971, in the Mbeya Region, Dr Emmanuel John Nchimbi grew up in a family rooted in public service. His father, Mzee John Nchimbi, hailing from Songea District, served as an Assistant Commissioner of Police (ACP) and Regional Police Commander for Mtwara.

Beyond his law enforcement career, the elder Nchimbi was actively involved in politics, serving two terms as a National Executive Committee (NEC) member for Chama Cha Mapinduzi (CCM) through the armed forces wing and later as a CCM regional secretary.

Dr Nchimbi began his primary education at Oysterbay Primary School in Dar es Salaam from 1980 to 1986. He pursued his O-Level studies at Uru Secondary School (Form I to III) from 1987 to 1989 before transferring to Sangu Secondary School, where he completed Form IV in 1990.

He then moved to Forest Hill Secondary School in Mbeya for his A-Level education between 1991 and 1993.

Advancing to higher education, Dr Nchimbi earned an Advanced Diploma in Administration from the Institute of Development Management (IDM) Mzumbe in Morogoro between 1994 and 1997.

Upon graduating, his political trajectory accelerated rapidly: he was elected as a member of CCM’s National Executive Committee (NEC), and by 1998, he was elected Chairman of the CCM Youth Wing (Umoja wa Vijana wa Chama cha Mapinduzi – UVCCM).

Alongside his rising political responsibilities, Dr Nchimbi built a professional background in public service and academia. He worked at the National Environment Management Council (NEMC) from 1998 to 2003.

During this period, he pursued further studies, obtaining a Master of Business Administration (MBA) specialising in Banking and Finance from Mzumbe University between 2001 and 2003. He was later appointed District Commissioner for Bunda (2003–2005) and went on to complete a Doctorate (PhD) at Mzumbe University between 2008 and 2011.

Dr Nchimbi launched his parliamentary ambitions in his home region of Songea Town.
In the 2005 General Election, backed by a strong CCM grassroots network, he secured the Songea Town parliamentary seat with 67.6 per cent of the vote against his main rival, Edson Mbogoro of CHADEMA, who garnered 30.5 percent.
Following his election to Parliament, President Jakaya Kikwete appointed him Deputy Minister for Information, Culture, and Sports in January 2006.

He served in that capacity until October 2006, when he was reshuffled to serve as Deputy Minister for Labour, Employment, and Youth Development until February 2008. He subsequently served as Deputy Minister for Defence and National Service until November 2010.

Source: The Star

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Tinubu Orders Arrest, Suspension of Three Perm Secs As ICPC Uncovers Another Fake Govt Agency

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President Bola Tinubu on Friday ordered the immediate arrest and suspension of three federal Permanent Secretaries over their alleged involvement in the operation of another fake agency uncovered by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

ICPC Chairman, Dr Musa Adamu Aliyu, who disclosed this to newsmen after briefing President Tinubu on the latest findings from the commission’s ongoing investigation into fictitious agencies and weaknesses in public sector processes named the affected Permanent Secretaries to include M S Danjuma, Engr Nadungu Gagare, and Richard Pheelangwah.

The Commision’s latest discovery is coming barely few weeks after exposing the fictitious Presidential Foreign Intervention Promotion Council (PFIPC).

According to Aliyu, the newly uncovered entity, operating as National Brands Development and Made-in-Nigeria Special Project Office, had allegedly secured office accommodation within the premises of the Office of the Secretary to the Government of the Federation (OSGF) without authorisation from the President.

The discovery, he said, was made during the broader investigation into the PFIPC, which President Tinubu had directed the ICPC to undertake.

The fake agency, according to ICPC boss, was promoted by Prince George Buchi Nwabueze, who allegedly operated under several variations of his name, including George Nathan Nwabueze, Honourable George Buchi Nwabueze, Prince George Buchi Nwabueze and George Buchi Nwabueze.

Aliyu disclosed that the commission was engaging relevant officials in the Office of the Secretary to the Government of the Federation to establish how the purported agency came to operate from government premises and to obtain other vital information required for the investigation.
“I have briefed Mr President comprehensively on these new developments. ICPC will continue with its investigation,” he said.

Following the fresh findings, Aliyu said President Tinubu had directed the immediate arrest of Prince George Buchi Nwabueze, as well as the immediate suspension of the three named permanent secretaries.

The commission is expected to establish the roles played by the suspended officials and other individuals in the emergence and operation of the purported agency.

Aliyu said the latest discovery underscored the need for tighter controls and greater scrutiny of government institutions and internal administrative processes.

He commended President Tinubu for ordering a wider policy audit of federal agencies and government processes, describing the initiative as a proactive measure to strengthen the governance system.

His said: “President Bola Tinubu must be commended for the proactive step of directing the policy audit of MDAs and internal government processes towards strengthening government governance system.”

The latest development has widened the scope of the ICPC’s investigation into the proliferation of fictitious government entities and alleged exploitation of official structures by individuals seeking to create the impression of government authority.
The commission’s investigation into the PFIPC was initiated after the purported agency came under scrutiny, with the President subsequently directing the ICPC to unravel those behind its operations and determine whether public officials facilitated its activities.

With the discovery of another purported agency operating from government premises, the ICPC probe is now expected to examine broader institutional weaknesses that may have enabled unauthorised entities to gain access to federal government facilities and present themselves as legitimate government bodies.

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