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Why We Suspended Buhari’s $22.7bn Loan Approval – Gbajabiamila
The Speaker, Femi Gbajabiamila, has said the protest by National Assembly members from the South-East geopolitical zone led to the suspension of work on the $22.79bn external borrowing request by the President, Major General Muhammadu Buhari (retd.).
Gbajabiamila said the House of Representatives was already in talks with the Federal Government on how the zone would be accommodated in the execution of projects with the loan.
The Speaker said this in Abuja, on Wednesday, when he hosted Leaders of the South-South and South-East Faith Forum.
The House had, on March 11, suspended consideration of the $22.79bn loan request indefinitely.
It had scheduled consideration of the report by the Committee on Aids, Loans and Debt Management, on the 2016-2018 Federal Government External Borrowing (Rolling) Plan, but Gbajabiamila asked that the consideration be stood down without giving a new date.
On March 13, members of the South-East caucus in the National Assembly, led by the Senate Minority Leader, Enyinnaya Abaribe, met separately with President of the Senate, Ahmad Lawan; and the Speaker behind closed doors.
Responding to the call by the Leaders of Faith Forum that the Federal Government should jettison the idea of taking the loan at this critical time, the Speaker said the issue was debatable, adding that government should be given the benefit of the doubt.
Gbajabiamila disclosed that the confirmation process was discontinued due to protests that the South-East would not benefit from the loan.
The Speaker said he spoke with Minister of Finance, Budget and National Planning, Zainab Ahmed; and the Director General of the Budget Office of the Federation, Ben Akabueze, to find a solution to the impasse.
He said, “There has been a lot of agitation about South-East not benefiting from the loan. It is one of the reasons we haven’t considered the loan in the House. I’ve discussed with the finance minister and the DG Budget. It is a matter that we are looking into seriously.
“I’m hoping that there will be some kind of amicable resolution, so that everybody will be carried along. Equity suggests that all zones must be carried along.
“With the quality of members that you have and the generality of the House, we’ll work towards a fair resolution of the issue so that it leads to something that will bring us together and unite us as a country.”
Gbajabiamila also said the House was already addressing the issues of open grazing and insecurity, among others, as raised by the clerics, challenging them to come up with alternatives and possible solutions to any issue that they were uncomfortable with.
The Speaker also urged religious leaders to always pray for Nigerian leaders because they need prayers all the time in order to succeed.
He appealed to the clerics to avail Nigerian leaders with their wisdom and knowledge, especially in the areas of politics and governance.
Earlier, leader of the delegation, Bishop Sunday Onuoha, said the visit was to discuss issues of concerns with the Speaker, saying, while they applauded the Federal Government’s food security agenda, farmlands across the country were still unsafe.
The leaders urged the government to urgently address the situation and avert impending hunger in most communities that depend on staple food like cassava and rice.
The religious leaders said the issue of open grazing must stop, adding that it generated insecurity and people were no longer safe in their farmlands.
The Punch
Headlines
‘Hands off’: Millions of People Join Protests Against Trump and Elon Musk Across All US States
Millions of people took part in protests against President Donald Trump and Elon Musk across all 50 states and globally on Saturday, organized by a pro-democracy movement over “hostile takeover” and attack on American rights and freedoms.
According to CNN, over 1,400 “Hands Off!” mass-action protests were held at state capitols, federal buildings, congressional offices, Social Security’s headquarters, parks and city halls throughout the entire country – anywhere “we can make sure they hear us,” organizers said.
“Hands Off!” demands “an end to this billionaire power grab.”
“Whether you are mobilized by the attacks on our democracy, the slashing of jobs, the invasion of privacy, or the assault on our services – this moment is for you,” the event flyers state. “We are setting out to build a massive, visible, national rejection of this crisis.”
Nearly 600,000 people had signed up to attend the events, some of which took place in major cities like London and Paris, according to Indivisible, one of the organizations leading the movement in collaboration with a nationwide coalition that includes civil rights organizations, veterans, women’s rights groups, labor unions and LGBTQ+ advocates.
Organizers say they have three demands: “an end to the billionaire takeover and rampant corruption of the Trump administration; an end to slashing federal funds for Medicaid, Social Security, and other programs working people rely on; and an end to the attacks on immigrants, trans people, and other communities.”
Commissioner of Police, CP Olajide Rufus Ibitoye, acting on the orders of the Inspector General of Police, Kayode Egbetokun, through the Deputy Inspector-General of Police in-charge of Force Intelligence Department (FID) Abuja, has extended an invitation to the Emir of Kano, Muhammad Sanusi II, for an “investigative meeting with regards to an incident that occurred during the Sallah celebration within your domain”.
The said incident is in connection with the violence that broke out during the recent Eid-el-Fitr procession in Kano, which resulted in the death of a local vigilante member.
The incident happened as the Emir’s entourage moved from the Eid prayer ground to the palace in a traditional procession. The clash, which marred the otherwise peaceful celebration, led to the tragic loss of life of a vigilante member, Surajo Rabiu, and left one other injured.
The invitation was conveyed in an official letter dated April 4, 2025, and signed by Commissioner of Police, CP Olajide Rufus Ibitoye, on behalf of the Deputy Inspector-General of Police in-charge of Force Intelligence Department (FID) Abuja.
The letter reads: “I have the directives of the Inspector General of Police, through the Deputy Inspector General of Police, Force Intelligence Department (FID), to invite you for an investigative meeting with regards to an incident that occurred during the Sallah celebration within your domain.”
The Emir has been requested to appear before the Force Intelligence Department in Abuja, opposite the Police Headquarters, Area 11, by 10:00am on Tuesday, April 8, 2025.
This development comes amid heightened tensions in Kano State following the earlier decision by the State Police Command to ban the annual Durbar festival due to security concerns. The ban, announced days before the Eid-el-Fitr celebration, was intended to prevent any possible breakdown of law and order during the festive period.
However, despite the suspension of the Durbar, a motorcade procession of Emir Sanusi II still took place on the third day of the Eid-el-Fitr celebrations.
The Kano State Police Commissioner, CP Ibrahim Adamu Bakori, had also inaugurated an eight-member Special Investigation Panel (SIP) to investigate the violence.
As at the time of this report, there has been no official response from the Emir Sanusi II’s palace regarding the Police invitation.
Dr Hakeem Baba-Ahmed, the political adviser to President Bola Tinubu, has resigned his appointment.
Reports say the former spokesman of the Northern Elders Forum (NEF) tendered his resignation about two weeks ago.
Further reports quoting presidency sources did not, however, provide details of the reasons for his decision, but only stated that it was on personal grounds.
Baba-Ahmed was appointed in September 2023 as Special Adviser on Political Matters in the Office of Vice President Kashim Shettima.
Over the past 17 months, he had represented the presidency at several public fora, including a recent national conference themed: “Strengthening Nigeria’s Democracy: Pathway to Good Governance and Political Integrity”, which held from January 28 and 29, 2025 in Abuja.
