News
Tinubu to borrow fresh $6b
President Bola Ahmed Tinubu has formally approached the Nigerian Senate, seeking legislative approval to secure a fresh $5 billion external loan, as part of efforts to sustain his administration’s economic and development agenda.
The request, contained in a letter addressed to the upper legislative chamber, underscores the Federal Government’s continued reliance on external financing to bridge fiscal gaps and support key sectors of the economy. If approved, the loan is expected to play a crucial role in funding budgetary needs, infrastructure projects, and broader economic stabilization initiatives.
The proposed borrowing comes at a time when Nigeria is navigating a challenging economic environment marked by revenue constraints, rising inflation, and increasing demands for public spending. The Tinubu administration has consistently emphasized the need for strategic financing to maintain government operations while pursuing reforms aimed at strengthening the economy.
According to government sources, the loan will be channeled into priority areas that have the potential to stimulate growth, create jobs, and improve the overall standard of living. These include critical infrastructure such as transportation networks, energy development, and social sector investments.
Nigeria’s growing debt profile remains a subject of national discourse, with stakeholders expressing mixed reactions to continued borrowing. While the government argues that loans are essential to fund development in the face of limited revenues, critics warn about the long-term implications of accumulating debt.
Concerns have particularly focused on the country’s debt servicing obligations, which consume a significant portion of government revenue. Experts argue that without a corresponding increase in revenue generation, additional borrowing could place further strain on public finances.
Nevertheless, supporters of the administration’s approach maintain that borrowing is not inherently problematic, provided the funds are invested in projects that yield economic returns and strengthen the country’s productive capacity.
News
Dozens injured in accident while traveling for army recruits training
Several candidates recently shortlisted for recruitment into the Nigerian Army from Imo State have sustained varying degrees of injuries after the vehicle conveying them to the Nigerian Army Depot in Zaria, Kaduna State, was involved in a road accident on Saturday.
The candidates were said to be travelling to the training institution to commence their basic military training when the accident occurred.
Military sources familiar with the incident disclosed that the journey was being coordinated under the supervision of Lieutenant Colonel P.D. Ngal.
A military source said the victims had successfully passed the recruitment process and were heading to the Depot Nigerian Army in Zaria to begin their recruit training before the accident disrupted the journey.
“The candidates from Imo State were on their way to the Depot Nigerian Army in Zaria to begin their recruit training when the accident happened this morning,” the source said.
Videos seen by our correspondent showed several injured candidates lying by the roadside and inside damaged vehicles as emergency responders and other travellers made frantic efforts to evacuate them.
Many of the injured candidates were subsequently rushed to nearby hospitals for medical attention.
As of the time of filing this report, the exact cause of the accident and the number of casualties had yet to be officially confirmed.
News
Police condemn killing of Benue MACBAN chairman
Benue State Police Command has condemned the killing of the Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Benue State chapter, Ardo Rabo Mohammed, and another man, Yakubu Isa, describing the attack as a senseless criminal act capable of undermining ongoing peace and security efforts in the state.
The victims were reportedly attacked by gunmen while returning from a security meeting along the Okwudu-Ogoli Road in Otukpo Local Government Area.
In a statement issued on Saturday, the Police Public Relations Officer, DSP Udeme Edet, said the Commissioner of Police, CP Cletus C.N. Nwadiogbu, condemned the killings and expressed condolences to the families of the deceased.
“The Commissioner of Police strongly condemns in its entirety the brutal killing of the Chairman of Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Benue State chapter, Ardo Rabo Mohammed, and one Yakubu Isa, who were reportedly attacked by unknown assailants while returning from a security meeting along Okwudu-Ogoli Road, Otukpo,” the statement read.
According to the police, the command has commenced a full-scale investigation into the incident, with tactical and intelligence teams deployed to track down those responsible.
The Commissioner assured residents that the command would leave no stone unturned in ensuring the perpetrators are identified, arrested and prosecuted.
He appealed to members of the public to remain calm, avoid taking the law into their own hands, and refrain from spreading unverified information capable of escalating tensions.
The police also urged anyone with credible information that could aid the investigation to report to the nearest police station or contact the command through its emergency lines.
News
Lady identifies bandits that abducted her, leading to their arrested wth N11m recovered
Three bandits have been arrested in Benue state after a lady who they had kidnapped and released, identified them at a motor park and raised alarm.
The k!kidnappers came to Ihotu park to board a vehicle to Makurdi and were met by the lady they had earlier kidnapped and released after collecting ransom from her relatives.
They were even using a bag they collected from the girl. The girl raised the alarm, held one inside the vehicle, and two took to their heels, but were caught.
They had a ghana-must-go bag at the back of the vehicle. N11m was found inside the bag.
Following the confirmation of their identity by another lady who was also their victim, mob gathered around with the intent to beat them up and possibly set them ablaze.
But the park manager decided to invite the police and soldiers who rescued them and took them to their station.
It was later gathered that the Benue state Governor, Rev. Father Hyacinth Alia called and said he was interested in the case which made the police to take the apprehended bandits to Makurdi, the state capital.
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