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Tinubu seeks National Assembly approval to access $7.8 billion and €100 million external loans

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President Bola Tinubu has urged the National Assembly to approve his request to access $7.8 billion and €100 million external loans as contained in the 2022 – 2024 borrowing plan of the federal government.

The request was contained in a letter he sent to both chambers of the National Assembly, which was read at plenary by Senate President Godswill Akpabio.

Tinubu yesterday urged the National Assembly to approve his request to access $7.8 billion and €100 million external loans as contained in the 2022 – 2024 borrowing plan of the federal government.

The president said the Federal Executive Council under former President Muhammad Buhari had approved the loan facility on May 15, 2023, to finance infrastructure, health, education, agriculture, security and other sectors.

He explained that the African Development Bank (AfDB) and the World Bank Group (WBG) had indicated interest to assist the country in mitigating the economic shocks and effects of recent reforms with a sum of $1 billion and $2 billion, respectively.

Part of the letter read, “The Senate is invited to note that following the removal of fuel subsidy and its impact on the economy in the country, the AfDB and the WBG have indicated interest to assist the country in mitigating the economic shocks and recent reforms with a sum of $1 billion and $2 billion, respectively, in addition to the Federal Executive Council approved 2022-2024 external borrowing plan.

“Consequently, the required approval is in the sum of $7,864,508,559 and in terms of euro, €100 million.”

Tinubu said the foreign loans became necessary in order to bridge the financial gap and return the economic activities of the country to normalcy. He noted that if the loan request was granted, the funds would be used to develop infrastructure, agriculture, health, education, water supply, security and employment, as well as financial management reforms.

He said, “The project cuts across all sectors with specific emphasis on infrastructure, agriculture, health, education, water supply, security and employment as well as financial management reforms, among others.

“The total facility of the projects and programmes under the borrowing plan is $7,864,508,559 and €100 million respectively.”

The president added that the projects to be funded with the borrowed fund were selected based on economic evaluation and socio economic development of the country. He said all the projects would be implemented across the 36 states, including the Federal Capital Territory.

Tinubu said, “I would like to underscore the fact that the projects and programmes borrowing plans were selected based on positive technical economic evaluations as well as the expected contribution to the socio-economic development of the country.

“These include employment generation, skills acquisitions, supporting the emergence of more entrepreneurs, poverty reduction, and food security to improve the livelihood of an average Nigerian.

“The projects and programmes will be implemented in all the 36 states of the federation and the Federal Capital Territory.

“In view of the present economic realities facing the country, it has become imperative that we resort to using the external borrowing to bridge the financing gap, which will be applied to key infrastructure projects, including power, railway, health, among others

“Given the nature of these facilities and the need to consolidate the country to normalcy, it has become exigent to request the Senate’s consideration and approval of the 2022-2024 external borrowing plans.

“It will enable the government deliver its responsibilities to Nigerians through expeditious disbursement and efficient project implementation.”

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“Why did soldiers bury my son’s brain after killing him,” mother of slain Abuja NYSC member questions

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Madam Habitat Abubakar, the mother of a 24-year-old civil engineer, Abdulsamad Jamiu, who was allegedly shot dead by soldiers in the Kubwa area of Abuja, has demanded justice for her son.

Abdulsamad, popularly known as Kesh, was reportedly killed inside his bedroom in the early hours of Saturday, April 26, 2026.

His mother was in Okene, Kogi State, with her husband for a burial and firdau prayers when the incident occurred.

She was said to have been shielded from the full details of her son’s death until she arrived at the family compound in Abuja, where she fainted after learning the truth.

She questioned the circumstances surrounding her son’s death and the alleged actions of the soldiers after the incident.

She said, “Why did they jump my fence? Why did they enter my son’s room? Why did they kill him? Why did they call the vigilance team to come and mop his blood? Why did they instruct them to go and bury my son’s brains?”

She described Abdulsamad as a responsible young man with a bright future.

“He was a responsible boy. He did not joke with his five daily prayers. He was straightforward. He had a bright future. He had plans for himself, for his siblings, for his mother. And just like that, his dream was cut off right in his room,” she said.

Abubakar appealed to President Bola Tinubu, the First Lady, Kogi State Governor, Ahmed Ododo, his wife, Sefiya, activists and Amnesty International to intervene and ensure justice for her son.

“This fight is too big for me. This pain is too big for me to bear,” she said.

 

 

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Fubara sets January deadline for completion of creek road market project

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River State Governor, Sir Siminalayi Fubara, on Tuesday, inspected the ongoing construction work at the Creek Road Market, Port Harcourt, declaring that the project will be completed by January 2027.

The new market, which is divided into three sections is designed to provide a decent and more conducive environment for traders who had for many years extended their buying and selling activities to the road due to congestion in the old market.

The governor was conducted round the project site by Architect Opiribo West, the site engineer for E.S.T Masters Construction, the firm handling the project, alongside Hon. Tonye Belgam, the State Commissioner for Special Projects.

Addressing newsmen at the end of the inspection tour, Governor Fubara explained that the reconstruction of the market was borne out of the need to provide adequate space for the traders and clear the surrounding roads of the spillover from the market.

He noted that the ongoing rehabilitation of the network of roads in the old Port Harcourt Township had been significantly hampered by the lack of a modern market, stressing that the new market will be a promise kept and part of the high-quality infrastructure and urban renewal programme of his administration.

“You are aware that we did promise our people that all the roads in town will be fixed. But we had a very serious issue because of the Creek Road section of the township roads . Because of not having adequate space to accommodate the traders in the market, they extended their activities into the road and that became a serious issue for our construction work.

“So we decided that for us to deliver a better project that would impress our people, we must, as a matter of fact, embark on building a better and more comfortable market for our people,” he said.

In a statement signed by Onwuka Nzechi, Chief Press Secretary to the Governor, Sir Fubara explained that while construction work has begun in Section A of the market, Section B is being prepared for immediate commencement of construction while Section C will require a more rigorous engineering approach because of it’s location on a borrow pit.

“As you are aware, we’ve been here once to check the activities of the contractor. Today, I’m here to see for myself the extent of work that is ongoing. And I feel very happy that they are doing a very good job.

“They just informed me that the market is divided into three sections. The section A and the section B and the section C. The A is the one we just saw here that they’ve already started from the ground. This B section is the other side which they will start soon, while the C section is the one that they discovered that it was a borrow pit.

“And you know, you can’t build on top of a borrow pit. So we had to do evacuation and filling. So I believe that once those things are done, the other part of the section of the market will also commence. They even assured me that the timeline I gave to them for January that they are going to deliver the project fully for our people to use,” he said.

Governor Fubara emphasised that the investment in a modern market is an integral part of his administration’s agenda on good governance through the delivery of legacy projects.

 

 

 

 

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How army, police, NDLEA frustrate lives with 32 checkpoints along Onitsha-Enugu expressway

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By Bonaventure Melah

Although the federal government is currently working on the Onitsha-Enugu expressway, one of the major interconnectivity roads in South East, concerns have continued to mount over the presence of over 32 checkpoints along the expressway which, observers say, are constitution serious barrier to smooth movement of persons and goods, thereby defeating the objective of reconstructing the road, in the first place.

Below is the list of the 32 security checkpoints along Onitsha- Enugu expressway:

1. Army Gate Onitsha
2. Nkwelle Junction
3. Awkuzu Junction Army
4. Awkuzu Junction FRSC
5. Dunukofia LG hqts Police
6. Enugwu-Ukwu Junction Police
7. Amawbia Junction Police
8. Unizik Junction Army
9. Mopol base Awka Junction Police
10. Prince and Princess hostel front army
11. Amansea boundary Police
12. Ugwuoba boundary Police
13. Ugwuoba bridge police team
14. Ugwuoba Junction Army
15. Ugwuoba Junction NDLEA
16. Ugwuoba Junction FRSC
17. Ugwuoba Central Army
18. Oji River Junction Army 1
19. Oji River Junction Army 2
20. Ezeagu express Army
21. Near Nkwo ezeagu Police
22. Near tiles factory Police
23. Umumba Ndiuno express Police 1
24. Umumba Ndiuno express Police 2
25. 9th Mile Checkpoint
26. Nude express (approach to ninth mile) Police
27. Ngwo express Army
28. Ngwo express anti terror squad
29. Onyeama Hill (near refuse dump) Army
30 Onyeama Hill (near coal mine) Army
31. Abakpa Interchange Police
32. Abakpa Junction FRSC.

Note: A traveller moving just 105 KM from Onitsha to Enugu will endure will have to endure this nightmare. A journey that should ordinarily take about 40 mins therefore ends within 3 hours.

Approximately, it stands at a ratio of one checkpoint after every 3.7 km. This is in addition to heavy extortion motorists face from the security operatives stationed at the checkpoints.

Source: Dr Amaka Oforbuike.

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