Category: Featured

  • 2nd year anniversary: Oborevwori, Bago list achievements

    2nd year anniversary: Oborevwori, Bago list achievements

    Delta State  Governor Sheriff Oborevwori and his Niger State counterpart Mohammed  Bago yesterday reeled out their achievements in office since they assumed office May 29, 2023.

    While Oborevwori attributed his success to his MORE agenda, Bago credited his to Niger residents support. 

    Delta Governor spoke at the state House of Assembly in Asaba.  Niger governor’s scorecard was contained in a statement by his Chief Press Secretary Bologi Ibrahim.

    At the Assembly, where he addressed the members, Oborevwori listed 42 projects due for inauguration to mark his two years in office.

    He received a confidence vote from the Assembly members after listing the projects billed for inauguration and others that are ongoing.   

    The governor explained that his MORE Agenda was  driven by the core values of ‘’servant leadership, transparency, accountability, innovation and excellence.’’

    The projects are in different towns and communities in the state, including Asaba, Warri, Kwale, Ughelli, Sapele, Abraka, Oghara, Akumazi, Ellu, Onicha-Ukwuani, Okpanam,  Ibusa, Agbarho,  Ekpan and Udu.

     Oborevwori also highlighted his administration’s flagship projects, which include three flyovers and three slipways in   Warri and Effurun.

      “These are currently at various stages of completion and are expected to be commissioned in the first quarter of 2026,” said the governor.

    Oborevwori said that upon assuming office, he presented a roadmap for growing the state’s economy, maintaining fiscal responsibility, enhancing a focused and efficient civil service, promoting investment, supporting social enterprises and ensuring that the poor and vulnerable can benefit from. 

    He explained that his presence at the Assembly was to report the progress made and to offer a glimpse of what residents of the state should expect in the next two years of his administration.

     Speaker   Emomotimi Guwor noted that the governor had done well through transformational leadership and strategic financial management.

    In Minna,   Governor Bago said residents of the Niger State were central for his administration’s accomplishments.

    Read Also: Oborevwori managing Delta’s funds prudently, says aide

    He said the anniversary was more than just a calendar date,  but a time to reflect, appreciate and renew his commitment to building a future defined by resilience and prosperity.

    He said the success stories in agriculture, infrastructure, education, health, economic empowerment, transportation, and security were the result of collective effort and shared vision.

    “The achievements made so far are testaments to a shared vision and collective will of the people. The building of New Niger is on, and my administration remains committed to it,” the governor stated.

      Bago also extended his appreciation to the media and called on them to continue with objective and ethical reporting.

    Umahi does not control me, says  Nwifuru

     At an anniversary lecture in Abakaliki, Ebonyi State,   Governor  Francis Nwifuru denied that his predecessor, Senator   Dave Umahi, dictates his policies and actions.  

      Nwifuru was   Speaker of the state House of Assembly between 2015 and 2023 when Umahi was governor.

    Umahi had declared in several fora that he fought forces to make his “son” Nwifuru succeed him, while the latter always called the   Works Minister his “father and boss”.

    The governor told former Governor Sam Egwu and former Secretary to the Government of the Federation(SGF) Anyim Pius Anyim, who were among the prominent figures at the lecture that that he is responsible for all actions.

    He said: “I am logically stubborn, and Umahi knows this well.

    “Umahi is a man whose ways are clear and has never insisted that I do things this way or that. The minister knows that if he does that, I will resist it. 

    “Any shortcoming on my part rests entirely on me and not on anyone else.

    “I could have been a better leader if Umahi actually controls me.” 

    He pledged to defend the integrity of the state in the country and urged all stakeholders present to toe the same line.

     The governor referred to the altercation between Ebonyi North Senator Onyekachi Nwaebonyi and former Education Minister Oby Ezekwesili, saying he stood by the federal lawmaker.

    He argued that Ezekwesili couldn’t have described  Nwaebonyi as a hooligan if he were to be from  ‘’Kano, Anambra or any other state.’’

    His words: “I truly commend Senator Onyekachi Nwebonyi for standing his ground when a former female minister called him a hooligan at a Senate hearing.

    “The woman did that because Nwebonyi is from Ebonyi and could not have done so if he were from Kano, Anambra or any other state.

    “Nwebonyi’s defence was not only for himself but for the entire people of our state.   People should not look down on us anymore.” 

    Anyim, a former Senate President and Egwu commended the governor for his strides within two years and urged him not to be distracted in implementing his People’s Charter of Needs mantra.

  • Leaders mark ECOWAS at 50 with hope for brighter future

    Leaders mark ECOWAS at 50 with hope for brighter future

    Leaders of Togo, Liberal and Guinea Bissau joined President Bola Ahmed Tinubu yesterday in Lagos to mark the 50th anniversary of the Economic Community of West African States (ECOWAS).

    The only surviving founding father of the sub-regional organisation, Gen. Yakubu Gowon was the cynosure of all eyes at the ceremony held inside the same hall at the Nigerian Institute of International Affairs (NIIA) on Kofo Abayomi Street, Victoria Island, on May 28, 1975.

    Gowon, 90, was Nigeria’s military head of state between 1967 and 1975.

    His government was overthrown in a bloodless coup barely two months after in July 1975.

    The highlight of the ceremony were the African Union (AU) expressed solidarity with sub-regional body with a combine 400m people, was the cutting of the 50th anniversary cake.

    Presidents Umaro Sissoco Embaló (Guinea Bissau), Joseph Nyumah Boakai (Liberia) and Faure Gnassingbé (Togo) were at the event.

    President Tinubu described ECOWAS as a beckon of African unity.

    He charged leaders in the sub-region on the need to implement policies and programmes agreed to for the good of the citizens of the community.

    Tinubu hailed Gen. Gowon and other founding fathers of the sub-regional body describing them as “Wise men of West Africa”.

    The celebration has as a theme: stronger together for a Brighter Future”

    Tinubu said: “ECOWAS is a beacon of African unity in overcoming colonial policies and legacies. We brought together anglophone, francophone and  lusophone countries.”

    He expressed concern  that member states are lagging behind in the area of implementation of policies and programmes.

    He urged them to invest on the people, especially the women and youth.

    Tinubu who is also ECOWAS Chairman said: “Despite our progress, challenges remain. Our greatest task now is implementation. We are lagging behind on implementation, and I urge all member states to match policy with action.

    “Let us, our citizens, feel the real impact of our shared efforts. Our young people, our young people are women, who have, who form the majority, must be at the heart of ECOWAS development. We must invest deliberately in their education, entrepreneurial development, health care, and leadership.

    “We must mentor them. Their success is the key to the future and stability, prosperity of ECOWAS.”

    “For nearly 40 years, Nigeria has supported regional capacity building through technical aid control.

    “We remain committed to deploy skilled professionals to ECOWAS countries, and we continue to honour every eligible request. I promise you.”

    He added: “As we look forward to the next 50 years, let us renew our contact with one another with courage, clarity, respect, and determination.”

    Read Also: ECOWAS marks 50th anniversary in Lagos, charts vision for 2050

    Speaking of the initiators of ECOWAS, Tinubu said they brought joy and ease to the region through their actions, describing them as true wise men.

    He said: “That you brought us joy and ease. That you got together the instincts and determination of wise men. You are the wise men of West Africa”.

    Recounting the beginning, General Gowon, said his interactions with fellow leader after Nigerian Civil war which ended in January, 1970 culminated in the formation of ECOWAS.

    He recalled that he worked closely with former Togolese Present Gnassingbé Eyadema, the father of incumbent Togolese President Gnassingbé, who was present at yesterday’s event.

    Gen. Gowon said: “The idea started soon after the civil war, when I went on a thank you visit to member States to thank them for their understanding and support, and was also engaged in entering into, similar bilateral agreement, with each President and Heads of State of the region then. But with General Gnassingbé Eyadema of Togo, we further discussed extending the idea beyond the bilateral level, to what is happening in some parts of the world e.g, in Europe, EEC, later EU, ECA in East Africa, Africa and Caribbean organization.

    “We both agreed to get to work at it and got our respective Ministers of Economic and External Affairs to produce a working document for consideration. Prof. Adebayo Adedeji and Dr. Okoi Arikpo from Nigeria and Mr. Edem Kodjo and another from Togo and their staff set to work, getting other member States involved to produce a working document for consideration.”

    He expressed his sadness over the withdrawal of the three-member countries  -Burkina-Faso, Mali and Niger.

    “ECOWAS was hopefully looking forward to a trouble-free peaceful golden jubilee this year, then the bombshell from the Alliance of Sahel States (AES) – Mali, Burkina Faso and Niger, withdrawing from the Community. This came as a great concern to the Community which curtailed its 50 years of existence. It is sad that the Community is Celebrating its Jubilee short of the 50 years as full original membership.”

    “Although ECOWAS had to reluctantly let them go as they decided, it is commendable of the Commission still leaving the door open and also consider giving the group (AES) to be joint partner and for ECOWAS now to be ECOWASS – ECONOMIC COMMUNITY OF WEST AFRICAN STATES (and) SAHEL. It is still to maintain its original name and purpose.”

    He however said despite the plight, there is reason to celebrate the milestone.

    “But it is 50 years of the majority members of the Community and they should be duly Celebrated and let us say happy golden jubilee, ECOWAS”, he said.

    Dr. Omar Alieu Touray, President, ECOWAS Commission said, “Today, ECOWAS

    represents more than an Institution—it is a symbol of the enduring aspirations of over

    400 million citizens.

    He said: “In these five decades, our Community has made remarkable strides:

    We have facilitated free movement across borders, allowing our people to travel,

    trade, and connect without barriers. We have advanced intra-regional trade,

    implemented a Common External Tariff, and developed critical regional

    infrastructure, linking our capitals and markets. We have laid the groundwork for a single currency, built a regional electricity market, and extended digital connectivity across borders.

    “We have stood together in the face of epidemics, insecurity, and natural disasters, offering humanitarian support and strengthening healthcare and food systems. We have invested in our most valuable resource—our people—by promoting gender equality, youth empowerment, and human capital development. We have upheld democracy, dispatched election observation missions, and deployed our Standby Force in defence of peace and regional stability.

    “These achievements, while significant, are not merely chapters in our history. They are the building blocks of a future that we must continue to shape—together. The challenges we face today—terrorism, climate change, unconstitutional changes of government, poverty, and economic disparities—are formidable. But so too is our collective will.

    “As I have often said, ECOWAS is better and stronger together as a Community. Our

    strength lies in our unity, in our shared identity, and in the spirit of solidarity that

    defines our Union.

    “This 50th Anniversary is not only a moment for celebration, but it is also a moment for introspection, recalibration, and recommitment. Let us recommit to an ECOWAS of the

    People—where peace, prosperity, and justice are not just ideals, but lived realities.”

    Mahmoud Youssouf, Chairperson of the African Union Commission (AUC), commended ECOWAS for acting decisively as a guardian of peace and a builder of dialogue amidst regional challenges.

    Represented by the Deputy Chairperson of the AUC, Selma Haddadi, Youssouf

    described the anniversary as a momentous milestone marking 50 years of perseverance, purpose, and progress in Africa’s collective journey.”

    Minister of Foreign Affairs, Amb. Yusuf Tuggar  said that the anniversary is so important because “it reminds us of the vacuum that only common action and common purpose and common values can fill. The post-Cold War era is over: new divisions are emerging; technology is advancing at an extraordinary pace: the pressure on the old order is intense. It does not mean the arguments for multilateralism are diminished. On the contrary: we need ECOWAS more than ever to meet the challenge of unfiltered data, unregulated crypto currency, AI, climate change, organised crime, cyber-slavery and human trafficking and violent extremism. It is self-evident that institutions need to adapt to remain relevant. ECOWAS continues to move forward. It is our rich history and promise for the future.”

  • Chelsea beat Real Betis 4-1 to win UEFA Conference League

    Chelsea beat Real Betis 4-1 to win UEFA Conference League

    Chelsea roared back to beat Real Betis 4-1 in the UEFA Conference League final in Wroclaw on Wednesday, becoming the first club to claim all four major European trophies.

    Manuel Pellegrini’s enterprising Betis caught the favourites cold in Poland through an early goal from Abde Ezzalzouli but Enzo Maresca’s team were a changed side in the second half.

    Two goals in five minutes changed the complexion of the game, with man-of-the-match Cole Palmer creating both openings for Enzo Fernandez and Nicolas Jackson.

    Substitute Jadon Sancho made the game safe in the 83rd minute, finishing from an tight angle and Moises Caicedo added gloss to the scoreline.

    It means Chelsea become the first club to win the full set of Champions League, Europa League, Conference League and the now-defunct Cup Winners’ Cup.

    It is also the first silverware for the club since Todd Boehly’s consortium took over from former owner Roman Abramovich in 2022, following an era of unprecedented success for the club.

    After a bright start from both sides, Betis broke the deadlock in the ninth minute through Ezzalzouli, who scored the goal against Fiorentina that took his side to the final.

    Malo Gusto lost the ball in midfield and Betis surged forward. Captain Isco produced a clever pass to find Ezzalzouli on the edge of the box and the Moroccan drilled a left-footed shot across Filip Jorgensen.

    Minutes later Marc Bartra tried his luck from distance as Betis pressed for a second, but this time Jorgensen was equal to the task, producing a flying save.

    Read Also: Chelsea vs. Betis: GOtv to air Live  Conference League Final

    Urged on by their massed ranks of fans at Wroclaw stadium, Betis went close again when Johnny Cardoso’s shot from inside the box was deflected behind by Benoit Badiashile, with Chelsea clinging on.

    The Premier League side were enjoying the bulk of possession but struggling to create meaningful chances, with Betis defending well and Isco, a five-time Champions League winner with Real Madrid, pulling the strings.

    As half-time approached Betis goalkeeper Adrian raced off his line to deny Enzo Fernandez but Chelsea went in at half-time goalless.

    – Palmer magic –

    Maresca brought on Chelsea captain Reece James for the struggling Gusto at the break.

    The Betis boss was forced a change when goalscorer Ezzalzouli was forced off, with Jesus Rodriguez coming on to replace him.

    Chelsea were level in the 65th minute following a fine move down the right after Cole Palmer produced a fine cross to pick out Fernandez.

    The midfielder got between two defenders to head the ball down and past Adrian.

    Suddenly Chelsea’s tails were up and the fans behind the goal were in full voice.

    In the 70th minute Palmer produced some magic on the edge of the box before producing a delightful cross which hit Jackson’s chest and went in.

    Jackson should have scored a second goal but a heavy touch allowed Adrian to gather.

    But Sancho made it 3-1 when he combined with fellow substitute Kiernan Dewsbury-Hall and Caicedo added a fourth.

    Victory for Chelsea breaks an astonishing cycle of wins for Spanish teams.

    Taking into account World Cups, European Championships, Champions League and the UEFA Cup/Europa League, of the previous 27 men’s finals involving Spanish teams, all 27 had had Spanish winners.

    Four Spanish club sides had been defeated in that time, but in all cases by fellow La Liga sides.

    Earlier, the centre of Wroclaw was packed with fans from both clubs, with green-and-white clad Betis fans outnumbering their English rivals.

    Poland’s interior minister said police made 28 arrests after supporters clashed in the city’s market square.

    AFP

  • Buhari hails Tinubu at midterm, urges Nigerians to be patient with reforms

    Buhari hails Tinubu at midterm, urges Nigerians to be patient with reforms

    As the administration of President Bola Ahmed Tinubu reaches its midterm milestone, former President Muhammadu Buhari has extended warm congratulations, while calling on Nigerians to remain patient and resilient in the face of ongoing reforms.

    In a statement issued on Wednesday by his spokesperson, Mallam Garba Shehu, Buhari encouraged citizens to continue supporting the All Progressives Congress (APC) government, emphasizing that effective leadership is a long-term journey that thrives on unity and endurance.

    The former president commended Tinubu for navigating the country through difficult but essential reforms, stressing that “desired changes must not fall victim to nettlesome domestic politics.”

    He acknowledged the economic strain currently felt by Nigerians, especially the most vulnerable, but stressed that the hardship is not without purpose.

    Read Also: Osun 2026: Former Buhari aide Omoworare joins guber race

    “Reforms take time to yield results. The task of reducing poverty and inflation, which have hit the poorest families the hardest, is immense and must not be left only for the government. The private sector and all of us as citizens must join in all ways we can”, Buhari said. 

    The former president’s message comes at a time of both reflection and challenge for the Tinubu administration, which has launched several ambitious economic and institutional reforms under the Renewed Hope Agenda. 

    While supporters highlight the groundwork being laid for long-term prosperity, critics have questioned the immediate impact on living standards.

    Buhari, who handed over to Tinubu in May 2023, offered a tempered but encouraging outlook. 

    “Our expectations from our governments should not get heavy,” he cautioned, calling for balanced civic engagement and collective responsibility in nation-building.

    “I am wishing President Tinubu heartfelt congratulations on his two years in office. May you keep leading with wisdom and care”, the former president prayed.

  • JUST IN: Senate passes harmonised report on tax reform bills

    JUST IN: Senate passes harmonised report on tax reform bills

    The Senate on Wednesday adopted the harmonised conference committee report on the four tax reform bills.

    The resolution of the Senate followed its consideration and approval of the recommendations of the conference committee of both chambers set up to harmonize the Bills.

    The Chairman of the Senate Committee on Finance and leader of the Senate delegation in the conference committee, Senator Mohammed Sani Musa, presented the report.

    Read Also: Tinubu seeks Senate approval to raise $2bn in domestic debt market 

    The four tax reforms Bills which were transmitted to the National Assembly in November last year by President Bola Ahmed Tinubu include: The Joint Revenue Board (Establishment) Bill, 2025 (SB. 583); Nigeria Revenue Service (Establishment) Bill, 2025 (SB. 584); Nigeria Tax Administration Bill, 2025 (SB. 585); and Nigeria Tax Bill, 2025 (SB. 586).

    Details shortly…

  • JUST IN: Ogun athletes protest over allowances, ground activities at Gateway games

    JUST IN: Ogun athletes protest over allowances, ground activities at Gateway games

    Athletes from Ogun State in the early hours of Wednesday blocked the main entrance of Babcock University, venue of the camp for all the athletes at the 2024 Gateway Games over unpaid allowance for the ongoing games.

    The Nation reports that the athletes since 5.00am blocked the main gate of the camp preventing vehicular movement, leaving many states stranded.

    It was gathered athletes from other States who also feel ill-treated are secretly supporting the protest by their Ogun counterparts.

    The Nation gathered as of the time of filing this report the protest was still ongoing.

    Details Shortly…

  • Nigerians, others to be affected as US suspends student visa interviews

    Nigerians, others to be affected as US suspends student visa interviews

    The U.S government has suspended the scheduling of new interviews for student visa applicants worldwide as it considers strict vetting of applicants’ social media profiles.

    The directive was issued by the US Secretary of State, Marco Rubio, in a cable sent out to diplomats worldwide on Tuesday, according to Politico.

    This means that US embassies in Nigeria and many other countries will stop setting up new interview appointments for people who want to apply for student visas, such as the F-1 visa.

    Although this is only temporary, during this period, no new applicants will be able to schedule an interview, which is a required step in the student visa process.

    Rubio, however, ordered that interviews that have already been scheduled can proceed.

    “Effective immediately, in preparation for an expansion of required social media screening and vetting, consular sections should not add any additional student or exchange visitor (F, M and J) visa appointment capacity until further guidance is issued,” Rubio said.

    He stated that the guidance on social media vetting is expected in the coming days.

    Thousands of Nigerian students study in American universities for both undergraduate and postgraduate programmes, with more seeking to join them.

    The latest action is part of the US government’s efforts to control foreign students’ entry to American schools over claims they have contributed to an atmosphere that promotes antisemitism.

    The Trump administration is currently pressuring US universities to change their race-conscious admission policies.

    Last week, the administration revoked Harvard University’s ability to enrol international students by revoking its Student and Exchange Visitor Program certification.

    The Department of Homeland Security attributed this to the university’s refusal to comply with its requests for the behavioural records of student visa holders.

    Read Also: ECOWAS hails Nigeria Customs over B’Odogwu system

    It had earlier frozen $2.3 billion in federal funds to the university.

    The administration has also revoked the visas of hundreds of foreign students.

    Last Month, PREMIUM TIMES reported that about 600 international students in over 90 colleges and universities have had their visas revoked or their legal status terminated.

    In April, Cynderila Patrick, a Nigerian and graduate of Youngstown State University in Ohio, filed a lawsuit against the US government after her student visa was revoked.

    Many other international students affected have also filed lawsuits.

    Last Thursday, a federal judge issued a ruling that prevents the US government from terminating the legal status of foreign students while a court case challenging the previous terminations was pending.

    Meanwhile, Rubio stated that the State Department had likely revoked thousands of student visas across the country and was open to revoking more.

    “We’re going to continue to revoke the visas of people who are here as guests and are disrupting our higher education facilities.

    “A visa is a privilege, not a right,” he told Congress last Tuesday.

  • Elite, elders, clerics failed Rivers, says Ibas

    Elite, elders, clerics failed Rivers, says Ibas

    Rivers State Administrator  Vice-Admiral Ibok-Ete Ibas says the elite, elders and religious failed the state by not acting proactively to end the face-off between suspended Governor Siminalayi Fubara and Federal Capital Territory Minister Nyesom Wike.

    Ibas said instead of being neutral, many of them took sides and fuelled tension in the state.

    He laid the blame just as stakeholders under the aegis of  Social Action (SA) Nigeria called for urgent resolution of the face-off that resulted in imposition of a six-month emergency rule on the state and appointment of Ibas as administrator of the state in March by President Bola Ahmed Tinubu.

    The administrator  spoke during a public lecture to mark the 58th anniversary of the state in   Port Harcourt yesterday.

    The lecture titled  ‘Rivers State, Yesterday, Today, and Tomorrow: Search for Sustainable Peace and Opportunities for Development’, highlighted the state’s journey and the urgent need to overcome political divisions in the state.

    Lamenting the negative impact of political conflicts on governance in the state, the administrator called on the indigenes,   particularly political leaders, to embrace forgiveness, reconciliation and unity for peace to be fully restored in the state.

    READ ALSO: Neglected Lagos roads

    Ibas reflected on the state’s struggles for identity and self-determination since its creation in 1967, saying Rivers emerged as Nigeria’s second-largest economy with a $28.4 billion Gross Domestic Product(GDP) and over 40 per cent of Nigeria’s onshore crude oil production.

    The administrator added in a   statement by the  Senior Special Adviser to the state government, Hector Igbikiowubo, that despite the achievements,  political conflicts had strained institutions, eroded trust and undermined governance.

    ‘’This is not the Rivers State we dreamt of. It is not the legacy our forebears fought to build, and it must not be the path we continue to walk,” he said.

    Ibas praised President Bola Tinubu for intervening to prevent anarchy in the state.

    Administrator to defend budget before National Assembly joint committee

    The Senate said in Abuja yesterday that  Ibas would defend the state’s 2025 budget of N1. 48 trillion before the joint National Assembly Ad-hoc Committee Overseeing emergency rule in the state.

    It, however, did not state when the administrator would appear for the defence of the  N1. 48 trillion budget forwarded to the National Assembly by President Tinubu five days ago.  

    The Senate  assured Nigerians of its  determination  to ensure that  Rivers people “are not short-changed due to the declaration of emergency rule by President Bola Ahmed Tinubu on March 18.”

    Stakeholders seek early resolution of crisis

    At a summit on ‘Building Stakeholders  Resilience for Sustained Accountability and Development in the Niger Delta,’ in Port Harcourt yesterday, SA Nigeria said the Federal Government and political leaders needed to resolve the political crisis in the state with utmost urgency and fairness.

    It said the emergency rule in the state should ‘’not become a pretext for authoritarian control’’ but  ‘’a short-term measure with a clear plan to restore elected government and the rule of law.’’

    The group also advised that ‘’the root causes, godfather interference, disloyal security apparatus, breakdown of legislative independence in the state must be addressed head-on.’’

    It  warned that “If Rivers  democracy collapses, it would   set  a precedent that could unravel democracy across Nigeria.’’ 

    The summit organised by the organisation in partnership with the MacArthur Foundation brought together, various stakeholders and civil society groups to proffer solutions to corrupt practices hindering  Niger Delta’s development. 

  • Tinubu seeks National Assembly’s nod for 2025-2026 external borrowing, domestic bond

    Tinubu seeks National Assembly’s nod for 2025-2026 external borrowing, domestic bond

    • Funds meant for infrastructure, clearing of pension arrears, others

    President Bola Ahmed Tinubu seeking approval for the implementation of three types of borrowing to finance critical government projects in the face of financial constraints. 

    The three types of borrowing are: capital grazing funds, the FGN 2025-2026 external borrowing plan, and a request for approval for issuance of domestic bond to fund retirees’ pensions through the Contributory Pension scheme. 

    In three separate letters to the National Assembly read by the presiding officer of the Senate and the House of Representatives, the President has requested for approval to borrow $2 billion for capital grazing funds, $21,543,647,912, 2,193,856,324.50 Euro, 15 billion Japanese yen, a grant of 65 million Euro and N757,983,246,571.

    One of the letters reads: “The House of Representatives is invited to note that the 2025-2026 borrowing plan covers all sectors with specific emphasis on infrastructure, agriculture, health, education, water supply, growth, security, and employment generation, as well as financial and monetary reforms, among others. 

    “The total facility of the programme under the borrowing plan is $21,543,647,912, and also EURO 2,193,856,324.54, in Japanese Yen, 15 billion Yen and grant of 65 million Euro, respectively. 

    READ ALSO: Celebrating President Tinubu’s remarkable two years in office

    “In the light of the removal of the fuel subsidy and its impact on the national economy, approval is called for the borrowing plan, which amounts to $21,543,647,912, and EURO 2,193,856,324.54. And in Japanese Yen, 15 billion Yen and grant of 65 million, respectively.

    “This initiative aims to generate employment, promote skill acquisition, foster entrepreneurship, reduce poverty, and enhance food security, as well as to improve the livelihoods of Nigerian. Majority of these projects and programmes will be implemented across all 36 states and the Federal Capital Territory (FCT). 

    “In light of the significant infrastructure deficit in the country and the power of financial resources needed to address this gap amid declining domestic demand, it has become essential to pursue prudent economic borrowing to close the financial shortfall.

    “These funds will primarily be directed towards critical infrastructural projects, including railways, healthcare, among others. Given the market nature of these needs and the importance of stabilising the economy, it is crucial to seek the consideration and approval of the House of Representatives for the 2025-2026 External Borrowing Plan. 

    “This will enable the government to fulfill its obligations to the Nigerian people through timely disbursement and effective project implementation.”

    The President also asked the lawmakers to approve the issuance of a domestic bond to offset the liabilities of retirees under the contributory pension scheme.

    He recalled that governments in the past failed to meet the obligations set out in the Pension Reforms Act.

    The letter added: “The Federal Government is requesting the approval of the National Assembly for the issuance of Federal Government of Nigeria bonds in the domestic market by the Debt Management Office (DMO) to settle outstanding pension liabilities under the Contributory Pension Scheme.

    “I write to request for the kind approval of the National Assembly for the issuance of Federal Government of Nigeria bonds in the domestic market by the Debt Management Office to settle outstanding pension liabilities under the Contributory Pension Scheme as of February 2023 in the sum of N757,983,246,572…”

    Also, President Tinubu has requested the House to approval the establishment of a foreign currency-denominated issuance programme in the domestic debt market.

    The proposed capital raise of up to $2 billion would be implemented by the DMO in line with the Presidential Executive Order on Foreign Currency Denominated Financial Instruments, Local Issues Programme, 2023.

    The President said the proceeds from the bond would be deployed into critical sectors of the economy capable of driving growth, enhancing infrastructure, creating employment, and boosting foreign exchange inflows, adding that the initiative would offer dollar-denominated investment opportunities for local investors, deepen Nigeria’s financial market, and strengthen foreign reserves while promoting exchange rate stability.

  • PDP, APC clash over one-party claim

    PDP, APC clash over one-party claim

    The one-party rule issue came to the fore again yesterday, leading to a clash between the opposition Peoples Democratic Party and the ruling All Progressives Congress (APC).

    In a communiqué issued after its 99th National Executive Committee (NEC) meeting in Abuja, the PDP accused the APC of plotting a ‘one-party totalitarian rule’.

    The party spoke against the backdrop of the mass defection from its fold into the APC.

    Governors, senators, members of the House of Representatives, and other elected officials have deserted the opposition party, which is itself in turmoil.

    President Bola Ahmed Tinubu, who spoke at the APC’s summit on Thursday, dismissed the one-party fear.

    That did not stop the PDP from reaffirming the claim.

    Yesterday, the APC responded, saying the PDP was hallucinating.

    READ ALSO: Neglected Lagos roads

    Party spokesman Felix Morka said opposition parties are living with the fear of the harmless.

    Morka said: “The communique of the PDP NEC is nothing but a piece of tranquillising lullaby meant to calm the frailed nerves of members of a pathetic and self-defeating party.

    “Rather than concentrate its scant energies in search of solutions to its internecine strife, PDP’s NEC chose, instead, to delude itself by blaming the APC for its woes, including its thinning membership.”

    Morka, who said the ruling party would not want to join words with the opposition, assured Nigerians that President Tinubu remains focused on building a prosperous Nigeria.

    In the 10-point communiqué, the PDP heaped the blame for the ‘economic woes of the country’ on the Federal Government.

    It called on the government to rescind its policies, which it claimed had made Nigerians poorer.

    It added that the government had failed to prevent insecurity and kidnapping.

    The NEC, presided over by Acting National Chairman Umar Damagum, ratified the composition of the Zoning Committee, led by Bayelsa State Governor Douye Diri, and the National Convention Panel chaired by Adamawa State Governor Ahmadu Fintiri.

    Other members of the Zoning Committee are Governor Dauda Lawal (Zamfara, Vice Chairman) and Caleb Mutfwang (Plateau, Secretary).

    Osun State Governor Ademola Adeleke is Vice Chairman of the Convention Committee, and his Enugu counterpart, Peter Mbah, is Secretary.

    Damagum said: “NEC resolved to consider the resolution of the Southeast Zonal Executive at the next NEC meeting scheduled to be held on June 30 in respect of the position of national secretary.”

    The Southeast caucus is pushing for Sunday Ude-Okoye in place of Samuel Anyanwu.

    The NEC also fixed the convention for August 28 to 30.

    The meeting was held at the party’s national secretariat at Wadata Plaza, temporarily shut on Monday by the Federal Capital Territory Administration (FCTA) over non-payment of ground rent for many years.

    But the property and others in the same situation got a reprieve of two weeks granted by the President to fulfil their obligation.

    Also at the meeting were Governors Bala Mohammed (Bauchi), who is PDP Governors’ Forum Chairman; Agbu Kefas (Taraba), and Seyi Makinde (Oyo), and BoT members – former Senate President Adolphus Wabara,  Chief Olabode George, Chief Tom Ikimi, and Senator Ben Obi.

    Former Vice President Atiku Abubakar, FCT Minister Nyesom Wike and Akwa Ibom State Governor Umoh Eno were absent.

    ‘Those who left will return’

    Mohammed said the governors had resolved to stand by the platform and halt the gale of defections.

    The Bauchi Governor said: “Our members are standing strong and resolute. There is no intimidation that we are not going through. There is no caressing or cajoling that members and elected governors are not going through if you ask anyone of them. But certainly, we are resolute. We will not abandon the mandate.

    “That is why you can see us here together. Yes, we wish well for those who have left. But we believe this is not the first time people left PDP and came back. I’m sure they will come back.

    “The governors are united. We are ready to work. No amount of intimidation or exclusion by the Federal  Government will make us give in. And we are ready to tolerate and swallow all the melancholy, all the abuses that we will get.”

    Lauding the NEC members for their patience, he added: “This 99th NEC is to us a triumph of democracy, a triumph of good governance about the evil that we are experiencing in this country.”

    Wabara described the PDP as the most credible platform for national transformation, adding that its future is bright.

    He said: “We must be honest with ourselves. There is still much work to do. Divisions, mistrusts, and lingering grievances within our ranks have at times hampered our progress and blurred our vision.

    “As the party of the people, we must recommit to healing these wounds and restoring faith among our members.

    “As chairman of the Board of Trustees, the conscience of the party, I call on all of us leaders, elders, youths, and stakeholders to embrace reconciliation, not just as a political tactic, but as a moral imperative. We must open our hearts to forgive, to dialogue, and to debate.”

    Party leadership, not Wike, to blame, says Suswam

    Former Benue State Governor Gabriel Suswam berated the PDP leadership for the protracted crisis.

    Suswam, who spoke on television, faulted leadership for holding secret meetings with Wike without the knowledge of major stakeholders.

    He said: “The lack of leadership in the PDP is at the root of the crisis within the party.

    “According to the FCT Minister, there was a meeting in Lagos.  He was invited and had an agreement in Lagos. There was another meeting in Abuja in the house of a former Senate President, where those agreements were consolidated.

    “If you are sincere with the people, when we were called by former and current governors for a meeting about two weeks ago, none of these issues were before us.

    “Nobody knew that there was a secret meeting where the agreement was reached with the FCT minister. 

    “If you engage someone in an agreement, it is only honourable to keep that agreement. If you are not interested, why give false hope in the first place?”

    Suswam added: “I don’t blame Wike. It is a lack of capacity of the leadership of the PDP, and the leadership has not been straight with party followers.

    “We are stakeholders. If we are called to a meeting by the current governors, under the leadership of Bala Mohammed, and we are not aware of secret meetings held earlier with Wike and the agreements, it means that we were hoodwinked, and I think that is not right.

    “There was no need to make an agreement with Wike at the expense of other people.”

    George chides Wike

    George condemned the sealing of the party’s national secretariat by the FCT administration, describing the action as a betrayal by Wike.

    He expressed disappointment that Wike, a long-time beneficiary of the PDP, would allow such an act to take place under his watch.

    George, who spoke on television,  said: “I was shell-shocked. He is my political son. He rose through the ranks on the platform of this party—from local government chairman to governor, minister (state education), and now FCT minister.

    “You don’t go to your village, become the local government chairman, and the first thing you do is lock up your father’s house because he owes the village dues. That is betrayal.”

    He added: “They waited until the very day we had to hold our NEC meeting to seal our office. He should have just paid it and brought the receipt to us. That is what a true and loyal son of the house would do.”

    According to the FCTA, the owner of the PDP secretariat building, Senator Samaila Mamman Kofi, owes ground rent for over 28 years.

    Why I won’t attend NEC, by Lamido

    Former Jigawa State Governor Sule Lamido insisted that he would not participate in PDP activities unless Wike and former Benue State Governor Samuel Ortom were expelled.

    The former Minister of Foreign Affairs, who was absent at the NEC meeting, also frowned at the claim by Anyanwu, the embattled National Secretary, whom he said had been rejected by the Zonal Executive Committee.

    Though Wike and Anyanwu were not at the NEC meeting, the newly inaugurated Board of Trustees (BoT) member, Samuel Ortom, was in attendance at yesterday’s meeting.

    Decked in his Tiv traditional cap and a white kaftan, the immediate past Benue State governor came into Legacy House in the company of the PDP Governors Forum Chairman and Bauchi State Governor.

    Lamido, who is also a member of the PDP BoT, told reporters in Abuja that the Minister and the former governor should be expelled for anti-party activities and for working against its interest in the 2023 general elections.

    The former Jigawa governor berated the FCT minister for his apathy to peace.

    He said: “Here is someone who was honoured by the PDP, brought into relevance by the PDP, and now turns around to fight the very party that made him. Wike is, quite frankly, a disaster. “What he has done is un-African and un-Nigerian.

    “I don’t understand how someone, simply because of his own ambition, can take things so personally and act so destructively. There used to be a party culture that prioritised collective good, something altruistic, but that seems lost now.

    “To seal the PDP secretariat — a party that produced you, nurtured you — no matter your grievances, no matter your bitterness, it’s like destroying your own home. He claims he financed the party.

    “But is it wrong for a son to take care of his own mother? Does it now mean the mother must submit to the son and take orders from him simply because he’s providing her clothing?

    “Wike is thinking in a very warped way. He lacks the values and traditions that define our political culture. I’m glad, however, that President Tinubu intervened.

    “The office was reopened by his order. The very man Wike is trying to please by destroying his own political family is the one saying, ‘No, you can’t do that.’”

    Lamidu also faulted Ortom, whom he accused of publicly endorsing the 2023 Labour Party (LP) presidential candidate, Mr. Peter Obi, at the expense of the PDP candidate.

    He said: “Look at the BOT. People like Ortom, who declared support for Peter Obi in 2023, are still members. That’s why I’ve said I will not attend any PDP meeting unless Wike is expelled and people like Ortom are removed from the BOT.

    “I remain a PDP member, but I will not participate in party functions or answer calls to meetings while these individuals remain in leadership.

    “How can I sit with someone like Ortom in the BOT to discuss the future of PDP? Or someone who is rejected in his own zone and is now being imposed by another zone? These are impostors.”

    Lamenting the lack of discipline in PDP, Lamido said: “During our time, the party was supreme. It held full authority, and everyone respected it, whether in the North, South, East, or West. Anyone, no matter how influential, who crossed the party line would be sanctioned.

    “Today, people openly working against the PDP are still being tolerated. “Someone like Wike, who claims to love the PDP but is clearly undermining it, should be expelled by the NWC. Why hasn’t that happened?”