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FG approves $618m to procure 6 fighter jets, ammunition for Air Force

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The Federal Executive Council has approved a loan of about $618m form a group of financiers for the procurement of six fighter aircraft and ammunition for the Nigerian Air Force.

This was disclosed by the Minister of Information and National Orientation, Mohammed Idris, in Abuja on Wednesday following the conclusion of the FEC meeting presided by President Bola Tinubu, reports Voice of Nigeria.

Idris, who stood in for the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said, “From the Honorable Minister of Finance, who is away on official duty in the US. I’m going to let you know what those FEC approvals are.

“The first one is that there have been approvals for some contracts, about seven of them for the Nigerian custom service. The next one is that there’s an approval for an agreement for the elimination of double taxation with respect to taxes on income and prevention of tax evasion and avoidance between the Federal Republic of Nigeria and the Hong Kong Special Administrative Region of the People’s Republic of China.

“The third one is an approval to obtain a credit facility in a sum of 443,330,781.49 euros and another 141 million US dollars from a group of financiers for the procurement of six units of M346 fighter aircraft and ammunition for the Nigerian Air Force. And the last one from the Federal Ministry of Finance is the approval for signing of an agreement for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance between the Federal Republic of Nigeria and the Republic of Botswana.”

Earlier in October, the Air Force said it was acquiring 24 M-346 combat jets and 10 AW109 Trekker helicopters as part of a fleet renewal strategy. The first three M-346 jets are expected to be delivered by early 2025, with subsequent deliveries running until mid-2026.

At the press briefing, it was also revealed that the FEC had approved the establishment of the Creative Economy Fund to ensure the deepening of the sector.

Minister of Art, Culture, Tourism and Creative Economy, Hannatu Musawa, told State House Correspondents that the Council approved the establishment of the Creative Economy Fund.

“FEC gave approval for the creation of a Creative Economy Development Fund. This is a special purpose vehicle that will allow members within the creative economy to have access to funding and use their IP as collateral in terms of monetisation. We identified very early on that the very basic structures in order for us to really tap into the potential of the creative economy was missing.

“So, we got to work in putting up those structures. IP policy is one of those very basic structures that was missing. We are working together with the Ministry of Industry, Trade and Investment and with the Ministry of Justice to ensure that we deliver IP policy, hopefully within maximum, at the very last phase, within the next two weeks.

“This is a special purpose vehicle that will give them funding that will be able to allow us to leverage funding that we’re getting. We already have commitment, for example, from Afreximbank that has committed to giving us $200m and a number of other sources.

 

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Criminal charges: Lawyers ready to defend Natasha with ‘factual evidence ‘

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The legal team of suspended Kogi Central Senator, Natasha Akpoti-Uduaghan, say they are ready with factil evidence to defend her in court.

The team received a formal summons in the case filed against her by the Federal Government at the Federal Capital Territory High Court last week.

On Friday, May 16, 2025, the Federal Government filed the suit, marked CR/297/25, over alleged defamatory remarks made during a live appearance on Channels Television’s Politics Today on April 3, 2025.

The government accused the senator of “making imputation knowing or having reason to believe that such imputation will harm the reputation of a person”, citing Section 391 of the Penal Code, cap 89, Laws of the Federation, 1990.

Among the witnesses listed to testify during the trial were Senate President, Godswill Akpabio, and a former governor of Kogi State, Yahaya Bello.

Others include Asuquo Ekpenyong, a senator; Sandra Duru; Maya Iliya, investigating police officers; and Abdulhafiz Garba, investigating police officers.

However, in a statement issued Friday night by Dr. Ehiogie West-Idahosa (SAN) on behalf of the legal team, Akpoti-Uduaghan’s lawyers confirmed receipt of the formal summons and pledged to prepare all “factual and statutory defences” available to the lawmaker during trial.

“At about 2:30pm on Friday, May 23, 2025, within the premises of the Federal Capital Territory High Court, Abuja, we received the information filed by the Director of Public Prosecutions, containing three counts alleging that our client, Senator Natasha Akpoti-Uduaghan of Kogi Central, made imputations she had reason to believe would harm the reputation of Senator Godswill Akpabio, President of the 10th Senate,” the statement read.

“We received the said information on her behalf through a letter of authority duly issued and filed in the court’s registry.

“The legal team will fully prepare and present all factual and statutory defences available to our client during the trial.”

 

 

 

 

 

 

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FCTA begins take over of PDP hqtrs, 4,793 other properties over unpaid ground rent

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The Federal Capital Territory Administration (FCTA) will on Tuesday next week begin the take over of 4,794 properties in Abuja, including the Peoples Democratic Party (PDP) headquarters, due to unpaid ground rent.

The PDP headquarters, currently under construction in Abuja’s Central Business District, is among the affected properties, having been revoked in March for several years of unpaid ground rent. The FCTA disclosed that 4,794 titles had been revoked for failure to pay ground rent, with some defaults dating back 43 years.

The affected properties are located in various districts, including Central Area, Garki I and II, Wuse I and II, Asokoro, Maitama, and Guzape.

The defaulters owe over N6.96 billion in ground rent. The FCTA had given a 21-day grace period for owners with debts under 10 years, which has now expired.

The FCTA officials announced that the takeover would begin on Monday, May 26, 2025, with the sealing off and restriction of access to the affected properties.

The Director of Land Administration, Chijioke Nwankwoeze emphasized that the revocations were carried out under Section 28(5)(a)(b) of the Land Use Act, which empowers the government to reclaim land when the terms of occupancy are violated.

 

 

 

 

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Plane crash-lands, two injured

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Two people sustained serious injuries when a training aircraft crash-landed at the Ilorin International Airport on Friday.

Director of Public Affairs and Family Assistance, NSIB, Mrs Bimbo Oladeji, who disclosed this in a statement, said the incident occurred at 17:28 local time on May 23, 2025, during a simulated instrument approach on Runway 05 at Ilorin International Airport.

Oladeji said the aircraft veered off the runway and came to a stop on the grass verge, leaving the two occupants on board injured.

She stated: “Both sustained serious injuries and were swiftly evacuated to a medical facility, coordinated by the Nigerian Airspace Management Agency, NAMA.

“In response, the NSIB Go-Team is currently preparing to depart from Abuja to Ilorin to conduct on-site investigations. The team will secure the site, collect physical evidence, interview witnesses, and retrieve operational data to establish the cause and contributing factors of the incident.”

Quoting the Director General of the NSIB, Captain Alex Badeh Jr., she said “Our thoughts are with the injured, and we commend the swift medical and emergency response. Now, our focus is on understanding exactly what went wrong. Every investigation is an opportunity to improve safety. We are deploying our team to Ilorin to ensure that no detail is overlooked.”

 

 

 

 

 

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