Tag: Senate

  • NDDC’s 2015 budget: Jonathan seek Senate’s approval of N299.5b

    NDDC’s 2015 budget: Jonathan seek Senate’s approval of N299.5b

    President Goodluck Jonathan, Tuesday presented the sum of N299.5billion as the 2015 budget of the Niger Delta Development Commission (NDDC) for consideration and approval.

    The amount is N23.1billion lesser than that of 2014 which was N322.6billion.

    Jonathan in the letter read at plenary by Senate President, David Mark, said he was acting, pursuant to Section 18 (1) of the NDDC Establishment Act.

    He said, “The Commission has submitted a budget proposal of N299, 526,463,156.12 for 2015 as against N322, 600,000,000.00 only in 2014 representing a decline of 7.1 per cent over last year’s budget.”

    The proposed budget  according to the President,  is made up of personnel expenditure of N16,133,370.00, recurrent expenditure of N10,423,031,000, Internal capital expenditure of N1,879,076,000.00 and capital projects development expenditure of N271,089,900,000.00 only.

    The sources of revenue for the proposed budget, he added, are, revenue brought forward of N10billion;  Federal Government contribution of N70billion; Unpaid arrears by FG of N20billion; and Oil companies contribution and others of N160billion.

    Jonathan also explained that the budget would be funded with Ecological fund of N40billion and other internally generated revenue estimated at N100million, amounting to the total sum of N300.1billion.

    Meanwhile, the absence of the Chairman, Senate Committee on Appropriation, Senator Ahmed Maccido, stalled the formal presentation of its report on the 2015 National budget.

    Maccido, was not available to present the document when he was invited to do so by the Senate Leader, Victor Ndoma – Egba.

    This necessitated the postponement of the presentation to the next legislative day.

    The Petroleum Industry Bill also suffered setback as the chairman of the Joint Committee on Petroleum (Upstream & Downstream), and Gas Resources, Senator Emmanuel Paulker,  was not also available to present the report before the lawmakers.

  • Mark, Gemade receive certificate of return

    Mark, Gemade receive certificate of return

    Senate President, David Mark and Senator Barnabas Gemade Tuesday received their certificate of return as Senators-elect from the Independent National Electoral Commission (INEC).

    An INEC National Commissioner, Chief Lawrence Nwuruku handed the certificates to them at the National Assembly according to a statement by the Chief Press Secretary to the Senate President, Paul Mumeh, in Abuja.

    The statement reads in part: “Mark would be returning to the Senate for the 5th time on the platform of People Democratic Party (PDP) while Gemade who came to the Senate in 2011 on the platform of PDP, would be returning to the Senate the second time on the platform of the All Progressive Congress (APC).”

  • Furore over Akwa Ibom Senate seat

    •Group seeks Ikot Ekpene poll’s cancellation

    The Re-claim Essien Udim Group has urged the Independent National Electoral Commission (INEC) to cancel the National Assembly election into the Senate for Ikot Ekpene Senatorial District.

    The group described the election as a “sham and a cocktail of electoral irregularities”.

    According to the group, in a transparent democracy, both the process and procedure are as important as the final outcome.

    They said: “Regrettable, the elections into the Senate as well as the Presidential and House of Representatives elections in Ikot Ekpene Senatorial district was characterized by massive rigging of unimaginable proportion before, during and after the elections which ended up rendering the ballot process a barren exercise.

    “All this happened under the watchful eyes of officers and men of the police who accompanied the Commissioner. The impunity did not end there. INEC officials were not given the election result sheets. Rather they were ordered to the Commissioners House where fraudulent election results were written.”

    Also the group said in Abak Local Government Area , there was no election material for the polls, a deliberate conspiracy to disenfranchise the electorate and rig the polls.

    In Essien Udim LGA, the hometown of Governor Akpabio, the group said it was an open secret that the Governor had diverted election materials to his private residence where he had camped both electoral officers and NYSC ad hoc staffs.

    The stakeholders also said in Odoro Ikot clan, results were falsified.

    They alleged that results were also falsified in Obot Akara ,Ini, Ikono, Ikot Ekpene, Ika , Ukanafun , Oruk Anam Local Governments.

    The stakeholders thanked the APC teaming supporters across the senatorial district for maintaining the peace despite the action of the PDP and Governor Akpabio which was highly provocative.

  • Senate, House of Reps adjourn over lack of quorum

    THE Senate and the House of Representatives yesterday adjourned plenary due to lack of quorum.

    Senate Leader Victor Ndoma-Egba moved a motion for adjournment barely 10 minutes after Senate President David Mark said prayer.

    Ndoma-Egba referred to the inability of the Senate to form quorum for the day’s business as his reason for seeking adjournment, which was moved to April 14.

    Before Mark put the question, he said it was obvious Nigerians were anxiously waiting for the results of the March 28, 2015 presidential election.

    He added: “We are all glued to the television. It is going to be difficult for us to form quorum to continue plenary.”

    The anxiety that engrossed the country since March 28 over the outcome of the presidential and National Assembly election was also palpable on the floor of the Senate chamber.

    Ndoma-Egba, who briefed the press after the adjournment, evaded most of the questions as one of the senators said that it was better to wait for the final outcome of the presidential election before making comment.

    Most of those who attended the aborted session were All Progressives Congress (APC) senators.

    In the House of Representatives, only 16 out of 360 members showed up.

    The Speaker of the House of Representatives, Aminu Tambuwal, who spoke on the floor of the house, announced that the house would, therefore, resume plenary on April 1.

    “I can say that this is the first time we are recording the lowest attendance of lawmakers in this chamber.

    “And I can understand that it is in view of what is going on in the country.

    “Since yesterday, results were being released and of course, we are waiting for the big one, which is the announcement of the presidential result,’’ Tambuwal said.

    The Leader of the House, Mrs. Mulikat Akande-Adeola (Oyo-PDP), moved the motion for adjournment, which was unanimously adopted without contributions from the 16 members that turned up in the House.

  • Kure fails to return to Senate

    Two-term legislator and Maritime Transport Senate Committee Chairman, Senator Zaynab Kure, lost her bid to retain the Niger South Senatorial District ticket to the All Progressives Congress (APC) candidate.

    She polled 64,107 votes against 164,250 votes of Gen. Mohammed Garba of the APC.

    The Independent National Electoral Commission (INEC) Returning Officer for Niger South, Prof. Hussani Anthony Makun, in Bida, declared Garba as the winner.

     

  • APC wins Senate election in Presidential Villa polling units

    The All Progressives Congress (APC) candidate has also won the election in the two polling units 021 and 022 inside the Presidential Villa, Abuja.

    The total votes scored in the two units showed that APC got 597 votes while PDP garnered 567 votes.

    Sorting and counting for the presidential election in the two units is still ongoing.

     

  • Senate: Those favoured to win

    Senate: Those favoured to win

    Just like the presidential election, the National Assembly poll also promises to be a battle of the titans today. While many of the legislators are seeking to return, some of the candidates are sitting governors, who are also running today.

     

    Sen  Tinubu
    Sen Tinubu

    Senator Oluremi Tinubu will be seeking second term in the Senate in today’s election. She currently represents Lagos Central Senatorial District on the platform of the All Progressives Congress (APC) and would have Dr. Ade Dosunmu, of the Peoples Democratic Party (PDP), as her major opponent. Political analysts have described Dr Dosunmu as no match for Senator Tinubu.

    She is one of the candidates tipped to win the election following her robust contributions on the floor of the Senate and her enduring impact on her constituents. An educationist, administrator, philanthropist and Officer of the Order of the Niger, she was the exemplary First Lady of Lagos State between 1999 and 2007, during which period she founded the New Era Foundation, a non-profit organisation dedicated to youth development, girl-child education, women empowerment and inspiring young persons to excellence.

    Over the years, she has made tremendous impact on the lives of several people and institutions within and outside Nigeria.

    As Senator, she hosts a quarterly Town Hall Meeting with her constituents to render accounts of her stewardship and obtain feed-backs on their developmental needs.

     

    Senator Gbenga Ashafa of the APC will also be seeking a second term in the Senate in today’s election. He was first elected into the Senate in 2011 under the defunct ACN. He represents Lagos East in the current 7th National Assembly. He  is the Vice-Chairman, Senate Committee on Lands, Housing and Urban Development. He is also a member of Senate committees on Environment and Ecology Committee, Committee on Federal Character and Inter-Governmental Relations, Gas Committee, and Senate Services Committee.

    The contest appears to be an easy ride for him judging by the fact that his main opponent in the PDP, Mrs. Olabisi Owolabi Salis-Fakos, is relatively young and unknown in the political terrain. If analysis by political watchers is anything to go by, Ashafa  may have an easy ride to the next legislative session.

     

    8  News 28-03-15.
    Sen Saraki

    Abubakar Bukola Saraki: The former governor of Kwara State is one of the candidates that  may have an easy ride to victory in today’s election. He is seeking a second term in the Senate to  represent Kwara Central Senatorial District.

    He was elected governor on May 2003 and served for  two terms in office. In the April 2011 elections, he was elected Senator for Kwara Central, succeeding his sister, Gbemisola Saraki-Forowa. He was a member of the ruling People’s Democratic Party (PDP) but defected to the All Progressives Congress (APC).

    He prides himself as  one of the few senators in the 7th assembly who post their weekly activities, so Kwarans and Nigerians at large can see, follow and contribute to what he is doing both in the legislative and constituency.

    He surely stands shoulder above any of his political opponents going by his political clout and antecedent.

     

    David Mark: The Senate President is one of the senators that will be seeking reelection to the Senate. He has contested and won election to represent Benue South on four occasions. He will be seeking his fifth term in the Senate in today’s election. The former Minister of Communication will have the All Progressives Congress candidate Dan Onjeh to battle with to determine who represents the area in the 8th legislative session. Mark was elected to his position as the Senate President on June 6, 2007 and ran for re-election to the Senate for Benue South in April 2011 and was elected for a fourth term. Prior to his senatorial career, Mark was a military governor of Niger State. He retired as a Brigadier-General.

     

    George Akume: The former governor of Benue State is looking forward to his third tenure in the Senate after today’s election. He is contesting on the platform of the APC and has Hon. Mike Nku of the PDP as one of his top contenders. His journey to the Senate began in 2007 when he won election to represent the people of Benue North West in the  legislative arm of government. And was reelected Senator in the April 2011 elections.

    He is currently the Minority Leader of the Senate. With his wealth of political experience as the governor of the state from 1999 to 2007 and his quality participation in his two terms in the Senate, he is likely to coast to victory at the end of the day.

     

    Senator Barnabas Gemade: The former national chairman of the PDP is a member of the current Senate. He will be contesting on the platform of the APC to represent Benue North East, for a third term in the upper legislative arm. He has the incumbent governor, Gabriel Suswan, to contend with. The battle will no doubt rank among the toughest for a seat in the next Senate.

    •Sen. Akume
    •Sen. Akume

    But such challenge may not be new to the leading chief from the Tiv ethnic minority who holds the title of the Nom-I-Yange-I-Tiv . In the first National Convention of the PDP after the April 1999 General Elections, Gemade was elected National Chairman after a tough competition with one of the party’s founding fathers, the late Chief Sunday Awoniyi. He succeeded Solomon Lar, the first Chairman of the party, and was elected in part due to zoning rules which favoured giving the post to a northerner.

    It appears Gemade  has what it takes to shrug off the challenge of Governor Suswam, who has left no one in doubt of his preparedness to snatch the seat from him at the end of the day.

     

    Shaaba Lafiagi: Like Bukola Sarski, Lafiagi will also be taking a second shot at the Senate in today’s election. He currently represents Kwara-North Senatorial District and will be squaring it up with Hon. Yinusa Yahaya, the PDP candidate, and others to clinch the seat. Yahaya is a former Chairman, House of Representatives Committee on Works as well as a two-term lawmaker for Edu/Patigi/Moro federal constituency between 1999 and 2007.

    The APC candidate is not a new comer in the business of politics. He was elected the governor of the state on the platform of the then Social Democratic Party in 1991. After some years of absence from public office, he was elected senator representing Kwara-North in 2011. He was returned unopposed as the senatorial candidate of the district to take part in today’s election.

     

    Prof. Adeyeye
    Prof. Adeyeye

    Professor Olusola Adeyeye: He is a biologist who was elected Senator for the Osun Central constituency of Osun State in the April 2011  elections. Back then, he ran on the platform of the defunct Action Congress of Nigeria (ACN). Today, he is seeking reelection to the Senate on the platform of the APC.

    He is currently the Vice-Chairman of Senate Committee on Cooperation and Integration in Africa and NAPED  and also  Education (Science and Technology).

    Before he was elected to represent his constituency in the Senate, Prof Adeyeye was a member, House of Representatives between 2003/2007.  The outspoken lawmaker definitely has an intimidating political record that qualifies him to emerge victorious in today’s election. Chief Oluwole Aina is the PDP candidate for the senatorial district. Both of them will be joined by other candidates to slug it out for the senatorial seat.

     

    Gov.  Kwankwaso
    Gov. Kwankwaso

    Mohammed Rabiu Musa Kwankwaso: He was governor of Kano State from 1999 to 2003. He was re-elected for a second term as governor on 26 April 2011. He was among the five PDP governors that defected to the new opposition party APC after they were dissatisfied with developments in the ruling party. He contested the APC presidential primary alongside General Muhammadu Buhari. He is contesting for the Kano Central Senatorial District in the election. He would contend with the incumbent senator, Basheer Garba Mohammed Lado, in what pundits have termed the battle of the titans. With his experience in different political capacities, analysts opine that Kwankwaso has all it takes to defeat the incumbent senator.

     

    Aliyu Wamakko: He ran successfully for governor of Sokoto State in April 2007 on the Peoples Democratic Party (PDP) platform, and assumed office on 29 May 2007 and still in charge of the state till date. He is one of the candidates jostling for Sokoto West senatorial seat in today’s election. He has been tipped to win the contest by political commentators who have cited his political sagacity as rare strength that would give him victory in any electoral contest.

     

    Dr. Chris Nwabueze Ngige, who is also seeking to return to the Senate in today’s election, was elected Senator for Anambra Central Constituency in April 2011. He ran  for the election  on the Action Congress of Nigeria (ACN) platform. He contested with the late former Minister of Information,  Professor Dora Akunyili and won.

     

    Magnus Abe is a member representing Rivers South-East Senatorial District in the National Assembly. He was elected Senator for the constituency in April 2011. He is gunning for a second term in office in today’s election on the platform of the APC. With the political profile he has built over the years, his chances of returning to the Senate in the next legislative session appear to be very bright.

  • Benue Northeast: Suswam, Gemade battle for Senate

    Benue Northeast: Suswam, Gemade battle for Senate

    In Benue Northeast District, the die is cast between Governor Gabriel Suswam, the senatorial candidate of the  Peoples Democratic Party (PDP) and Senator Barnabas Gemade, who is running on the platform of the All Progressives Congress ( APC ). UJA EMMANUEL examines the preparations for the poll and the chances of the aspirants.

    The senatrial election in the Benue Northeast District promises to be a battle of titans. The contest is between Governor Gabriel Suswam of the Peoples Democratic Party (PDP) and the former National Chairman of the party, Chief Barnabas Gemade, who is contesting on the platform of the All Progressives Congress (APC).

    The two personalities are political heavyweights. Governor Suswam is fondly called the “Civilian General“ by his political associates.

    Since he joined politics in 1999, he has never lost a contest.In 1999, he  contested for the House of Representatives in Ukum/Logo/Katsina Ala Constituency  and won. In 2003, he was elected for a second term. Not satisfied with the outcome of the election, his opponent, Mamud Akiga, challenged it at the tribunal. But, Suswam won at the Appeal Court in Jos.

    Suswam contested for governor in 2007 as a lawmaker and won. He was re-lected in 2011. After the 2011 elections, he faced a protracted litigation.  The candidate of the defunct Action Congress of Nigeria (ACN), Prof. Steven Ugbah, backed by Senator George Akume, gave him a run for his money. He pursued the matter from the tribunal to the Appeal Court.

    Now, Suswam has set his eyes on the Benue Northeast senatorial seat. The seat is currently occupied by the APC candidate.

    Going by his antecedents, Suswam is not likely to give up easily. His body language suggests that he is determined to take over the seat, using the advantage of being the incumbent governor. He had used the incumbency factor to defeat Gemade at the party primaries, before the latter defected to the APC to pursue his ambition of returning to the Upper Chamber.

    This is the sentiment being field by Suswam’s political bloc, the Sankera, which controls three out of the five local governments in the district.

    Suswan is expected to receive massive votes from the zone and his foot soldiers would work for additional votes in the other two local government areas: Kwande/Ushongo and Konshisha/Vandeikya. This, according to observers, puts Gemade at a disadvantage.

    As a result, Suswam has a better chance of defeating his opponent. But, politics is no Mathematics; particularly as his main challenger is also an experienced politician.

    Gemade came to limelight as the Mnanaging Director/ Chief Executive Officer of Benue Cement Company( BCC), now known as Dangote Cement Gboko,Benue State.

    Since then, he has never looked back. At the time he was in-charge of BCC, the company was at its peak of production with almost 100 trailers on three shift production. This is a record no other chief executive of the company has beaten.

    He was appointed Secretary of Works. Later, the late General Sani Abacha regime  appointed him chairman of CNC.

    He became the National Chairman of the PDP during the Obasanjo era and later, a member of the Board of Trustee (BOT). He was a founding member of the party .

    Gemade is not new to political contest. In 2007, he contested for the Benue Northeast seat against Joseph Akaageger, but the election was inconclusive. However, events in Benue South, where Gen. David Mark was squaring up against Gen. Lawrence Onoja, compelled President Obasanjo to declare Mark winner. Akaagerger, who was set for a second ballot against Gemade, became a beneficiary by default.

    But, in 2011, Gemade defeated Akaagerger, who latter picked the defunct ACN ticket and again lost to Gemade at the general election.

    During the build up to the PDP senatorial primaries. Gemade cried foul. He said Suswam has manipulated the process against him. After a series of petitions and complaints at the PDP National Secretariat, Gemade dumped the party for the APC, where he subsequently contested the party’s senatorial primaries.

    During the APC campaign flag-off in Zakibiam, Gemade told his supporters that he is capable of defeating Suswam in a free and fair contest.

    Suswam has asked the people of Benue Northeast District to evaluate his performance as a federal lawmaker and governor.

    The governor also told his audience during local government election in Wannune that any time he sets his eyes on anything, he goes for it and makes sure that he gets it.

  • Senate: Old warhorses test strength in Oyo

    Senate: Old warhorses test strength in Oyo

    All eyes appears to be on the April 11 governorship election in Oyo State, but from all indications, the battle for the three senatorial seats in the state would be not be less fierce and unpredictable, reports Remi Adelowo 

    The political climate in Oyo State has been turbo-charged in the last couple of weeks, no thanks to the heated campaign by the leading political parties all aiming at winning the hearts and souls of the electorate ahead the next general elections.

    While the major focus is on the governorship seat currently occupied by Senator Abiola Ajimobi of the All Progressives Congress (APC), the race into the National Assembly, particularly the Senate, has equally reached a feverish pace, with none of the major candidates leaving anything to chance.

    Without any prejudice to the other registered political parties fielding candidates for the Senate, it is incontestable that candidates of four parties-the All Progressives Congress (APC), the Peoples Democratic Party (PDP), the Labour Party (LP) and the Accord Party (AP)-are, unarguably, the frontrunners for the three senatorial seats comprising of Oyo Central, Oyo South and Oyo North.

    Another factor that would make the race even more interesting is the quest for another term by the current occupiers of the seats, all of who are household names in the politics of the pacesetter state.

    The three senators are Olufemi Lanlehin of the Accord representing Oyo South; Ayoola Agboola popularly known as Halleluyah of the PDP and Ayoade Adeseun, also of the PDP, representing Oyo North and Central zones respectively.

    In the run-up to the primaries of the respective parties, Lanlehin and Adeseun had defected from the APC following irreconcilable differences with Governor Ajimobi.

    Would these men retain their seats or get swept off by new comers?

    Oyo Central

    The intense jostling for this seat currently held by Ayo Adeseun would, no doubt, be too close to call. The election in the district, which cuts across three major towns of Ibadan, Oyo and Ogbomoso, is between Adeseun, who hails from Ogbomoso; Speaker of the House of Assembly, Monsurat Sunmonu of the APC and Oyebisi Ilaka, the AP candidate, both of whom hail from Oyo town.

    The dark horse in the race is Comrade Olu Abiala, the candidate of the Labour Party (LP), who is banking on the influence of his party’s governorship candidate, Adebayo Alao-Akala, to clinch the seat.

    Adeseun’s strength and weaknesses

    A former member of the House of Representatives where he held the Chairmanship of the powerful Committee on Appropriation, Adeseun is vying for a second term in the Red Chamber of the National Assembly.

    In 1999, he was a member of the Alliance for Democracy (AD) and in 2003, he defected to the PDP before joining the defunct Action Congress of Nigeria (now APC) on which platform he contested for the Senate in 2011.

    Very popular across the district, he is an experienced politician with a solid structure strong enough to deliver on Election Day.

    Beside his goodwill among his constituents, the lawmaker is also counting on his goodwill among constituents, support of the Presidency and his party’s governorship candidate in the state, Teslim Folarin, to retain his seat come March 28.

    But unlike his election in 2011, Adeseun may find it tougher this time around. Not only has party’s popularity decline in the state, his fall-out with Akala, who wields a larger than life influence in Ogbomoso, may also count against Adeseun when the chips are down.

    In Ogbomoso, his home town, three people are vying for both governorship and senatorial seats on the platforms of different parties. While Alao-Akala is vying under the LP platform, Hon. Fatai Buhari is the APC’s senatorial candidate for Oyo North. He is the third candidate from the town. Obviously, votes in the town will be divided across the three lines.

    Adeseun is not likely to pull any meaningful votes in Oyo, where Sunmonu and Ilaka hail from and the remaining two local governments in Ibadan.

    The senator would, however, count on the PDP’s strength in Ona-Ara, Oluyole and perhaps, Egeda local governments to get sizeable chunk of votes.

    Ilaka’s best chance

    A United Kingdom-trained tax consultant, Ilaka contested and lost to Adeseun in 2011. But the fortune of Accord has risen in the last two years in Oyo, making him a strong contender once again.

    The candidates fielded by Accord are mostly riding on the fame of Senator Rashidi Ladoja, who is well known in the state. With the possibility of getting reasonable votes in Oyo, Ilaka is also likely to enjoy Ladoja’s goodwill in some parts of Ibadan.

    Sunmonu, no pushover

    A former employee of the British Immigration Service, she returned to Nigeria in 2010 to join politics. She represents Oyo East/Oyo West Constituency in the House of Assembly.

    Described as a no nonsense politician, her tenure as Speaker has witnessed unprecedented peace in the House, judging by the vices that have assailed the parliament since 1999. This, no doubt, has boosted her popularity in the district and the entire state.

    The APC and Accord had zoned the senatorial slot to Oyo due to the fact that it is the only town in the district that has not produced a senator since 1999 and this factor, pundits argue, would work in the speaker’s favour.

    Her party, the APC also seems to be waxing stronger in two local governments in Ibadan among the five that make up the district in the capital city. They are Lagelu and Akinyele.

    With her grassroots style and gender appeal, Sunmonu stands a good chance in the race.

    The major hurdle she is likely to face is the opposition from Ilaka, whose popularity in Oyo has been on an upward swing in the last few months. It is, however, expected that with the alleged support of the paramount ruler of the town, Oba Lamidi Adeyemi, to her aspiration, the speaker could still record a good showing in her hometown.

    Abiala stands an outside chance

    Abiala, a renowned labour unionist, is in partisan politics for the first time.

    An unlikely victory for the former Secretary of the Nigerian Union of Teachers (NUT), Oyo State chapter, analysts say, would be a major upset. But that is almost an improbable task for the Ibadan-born former unionist.

    Oyo South

    Can Lanlehin win another term?

    The senator joined Accord from the APC earlier this year. An experienced politician, the distinguished senator hopes to win another term with his power of incumbency and popularity. He may also enjoy some goodwill in Ibadan because of the Ladoja factor, say political analysts.

    But on the other hand, Lanlehin, who rode to victory on the platform of the defunct CAN, may not find it smooth sailing this time. The political space is not only sharply polarised today, the APC-run administration in the state is working harder daily to win more voters.

    Another big minus against Lanlehin’s candidacy is what many perceive as his unprincipled political philosophy due to his flirtation with many political parties since the advent of democracy in 999.

    From being a member of the Alliance for Democracy (AD) in 1999, Lanlehin has crisscrossed across other political parties including PDP to ACN and now Accord.

    Adedeji Otiti

    The PDP candidate relies mostly on her party and gender appeal to win the election. The PDP candidate in the 2011 election, Kamorudeen Adedibu, was defeated by the incumbent, Lanlehin.

    A relative greenhorn in the politics of the state, her political inexperience and lack of a strong network may ultimately be her undoing at the polls.

     

    Soji Akanbi

    The APC candidate, Soji Akanbi, was a governorship aspirant in 2011.  Since he picked the APC ticket, he has been working to entrench himself within and outside the party across the senatorial district.

    A follower of the late Alhaji Lam Adesina, a former governor of the state, Akanbi is close to key players in the Lam Adesina political family.

    His party is an added advantage because it is popular in the district. But he must work very hard to defeat Lanlehin and also need to warm himself into the hearts of voters outside his immediate political camp.

    Nurudeen Akinyo

    Nurudeen Akinyo, who recently defected to the LP, is also new in Oyo politics.

    A former Special Adviser to the current governor, he hails from Ibadan, but that may not count much when the poll gets underway on the basis of his weak political structures and inexperience.

    Keen contest expected in Oyo North

    Hosea Agboola

    The incumbent Senator Hosea Agboola is, unarguably, the candidate to beat in this senatorial election.

    A grassroots politician who is well entrenched in the district, the power of incumbency may also count for him.

    He, however, faces a huge hurdle in his Oke-Ogun constituency, because the LP candidate, Hon. Tajudeen Abisodun Kareem, who represents Atibo/Saki East/West in the House of Representatives, is also a grassroots mobiliser.

    Both former political associates of Alao-Akala, Kareem however followed his boss to LP from the PDP.

    The major hurdle Agboola faces in the election is getting foothold in the three local governments in Ogbomoso, which Alao-Akala delivered for him in 2011.

    Fatai Buhari banking on APC appeal

    A former member of the House of Representatives, he is the immediate former Commissioner for Local Governments and Chieftaincy Affairs. He relies on his popularity and that of his party, the APC, in Oke-Ogun and Ogbomoso to win the election.

    But, Buhari will need to work extremely hard to win the three councils in Ogbomoso, where Alao-Akala also hails from. Sources also say he must go the extra length to garner enough votes in Oke-Ogun to win the election.

  • Senate endorses $300m Diaspora bond

    Senate endorses $300m Diaspora bond

    The Senate yesterday gave President Goodluck Jonathan the nod to raise $300 million Diaspora Bond from the International Capital Market.

    This approval comes over one year after President Jonathan sought the approval of the Senate to raise the fund.

    The presidency increased the bond request from initial $100 million to $300 million.

    Chairman, Senate Committee on Local and Foreign Debts, Senator Ehigie Uzamere, presented the report of the joint Committee on Local and Foreign Debt and Finance which recommended that the Senate should approve the request.

    The joint Committee was mandated by the Senate to consider the request for the increase in the amount from $100 million to a maximum of $300 million to be raised through the Diaspora Bond from the International Capital Market.

    Uzamere said that the Senate at its sitting on February 4, 2014 considered Executive Communication from Mr. President for an increase in the amount to be raised through the Diaspora Bond from the International Capital Market and referred same to the joint committee.

    He noted that the proposed increase in the Diaspora Bond is to fund critical infrastructure in the country.

    He added that the proposed increase is believed will accommodate a greater number of Nigerians in the Diaspora who have interest to invest in the development of the country.

    Uzamere informed the Senate that the provisions of Sections 41,42,44,and 47 of the Fiscal Responsibility Act, 2007 prescribed conditions for borrowing and verification of compliance limit upon which approval of the National Assembly will be premised.

    He noted that based on the submissions by the Director General, Debt Management Office and several interactions the joint committee had, the committee observed as follows:

    That the $100million Diaspora Bond as passed in the Borrowing Plan 2012-2014 is too small considering the life of Nigerian Diaspora

    That the larger and present amount of $300 million is consistent with the Public Debt Management Strategy.

    That with the dwindling revenue from crude oil sale, it has become necessary to diversify sources of funding for government.

    That the Diaspora Bond is necessary to create more space in the domestic market for other borrowers particularly, private firms.

    That the Federal Government plans to utilise the proceeds of the Diaspora Bond in the construction of key capital projects in priority sectors of the economy including the second Niger bridge, the Lagos-Ibadan expressway and infrastructure for the Abuja Medical City.

    The joint committee concluded that the concept of raising funds through Diaspora Bond has been employed by several countries over the years with tremendous success.