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FG seeks Senate’s approval of donor fund projects under 2018-2020 borrowing plan

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The Senate has received a request from President Muhammadu Buhari to approve donor fund projects under the 2018-2020 Federal Government External Borrowing (Rolling) Plan.

The request was contained in a letter addressed to the Senate President, Ahmad Lawan, dated 6th May, 2020, and read during plenary.

According to President Buhari, the Upper Chamber’s approval would enable projects listed under the 2018-2020 External Borrowing Plan to be financed through sovereign loans from the World Bank, African Development Bank (AfDB), French Development Agency (AFD), Islamic Development Bank, China EXIMBank, China Development Bank, European Investment Bank, European ECA, KtW, lPEX, AFC, India EximBank and International Fund for Agricultural Development (IFAD).

He added that the projects are geared towards the realization of the Nigerian Economic Sustainability Plan that cut across key sectors such as Infrastructure, Health, Agriculture and Food Security, Energy, Education and Human Capital Development and COVID 19 Response efforts in the six geo-political zones of the country.

The letter reads: “It is with pleasure that I forward the list of all the Donor funded projects under the 2018-2020 Federal Government External Borrowing (RoIIing) Plan for the consideration and concurrent approval of the Senate for same to become effective.

“The Projects listed under the 2018-2020 External Borrowing Plan are to be financed through sovereign loans from the World Bank, African Development Bank (AfDB), French Development Agency (AFD), Islamic Development Bank, China EXIMBank, China Development Bank, European Investment Bank, European ECA, KtW, lPEX, AFC, India EximBank and International Fund for Agricultural Development (IFAD) at a total sum of USD 36,837,281,256 plus Euro 910,000,000 and Grant Component of USD 10,000,000.

“Distinguished Senate President may wish to know that the projects and programmes in the Borrowing Plan were selected based on positive, technical and economic evaluations as well as the contribution they would make to the socio economic development of the country including employment generation and poverty reduction as well as protection of the most vulnerable and very poor segments of the Nigerian society.

“Distinguished Senate President may also wish to know that all the listed projects form part of the 2018-2020 External Borrowing Plan covered both the Federal and States Governments’ Projects and are geared towards the realization of the Nigerian Economic Sustainability Plan that cut across key sectors such as Infrastructure, Health, Agriculture and Food Security, Energy, Education and Human Capital Development and COVID 19 Response efforts.

“A summary of some key projects in each of the six geo political zones and a summary on the expected impacts on the socio economic development of each of the six (6) geo-political zones.

“Given the importance attached, to the timely delivery of the projects listed in the proposed Borrowing Plan and the benefits both the Federal and States Governments stand to gain from the implementation of same, I hereby wish to request for the kind consideration and concurrent approval of the Senate for the 2018 2020 Federal Government External Borrowing (Rolling) Plan to enable the projects become effective.”

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Sanusi Reinstated As Emir Of Kano

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Four years after Muhammadu Sanusi II was deposed as the Emir of Kano, Governor Abba Yusuf of Kano State has reinstated him to the throne.

“With the full support of the kingmakers, I have approved the reappointment of Malam Sanusi Lamido,” the governor said to cheers at the Art Chamber of the Kano State Government House around 5:16 pm on Thursday.

He announced the decision right after signing the Kano State Emirate Council (Repeal) Bill 2024 into law.

The new law replaces the Kano State Emirates Council Law, 2019, and dissolves the emirate councils created by Governor Yusuf’s predecessor Abdullahi Ganduje.

It was based on the law that Ganduje split the Kano Emirate into five in December 2019 and deposed the 14th Emir of Kano, Muhammadu Sanusi II on March 9, 2020. The emirates created by the Ganduje administration were Karaye, Bichi, Rano, and Gaya, in addition to Kano.

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FG Offers 2-Month Free Ride On Abuja Light Rail

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Nyesom Wike
Nyesom Wike
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The federal government has offered 2-month free ride services to passengers on the Abuja Light rail after its inauguration on Monday.

Nyesom Wike, The FCT Minister, disclosed this in Abuja on Thursday at a ministerial press briefing on the one year in office of President Bola Tinubu.

He said President Tinubu would inaugurate the rail project on Monday, while it would start commercial services on Tuesday.

“For those who are saying that the rail system had already been commissioned, don’t make a mistake. What was earlier commissioned was the building. What we want to commission on Monday is commercial operations.

“If you are going to the airport, from here to airport is 20 minutes. Seeing is believing. Go on Tuesday. We are going to allow for free rides for two months.

“You know, Mr. President, he can even say extend it to six months just to reduce the pain of our people. That is renewed hope agenda. When you say something, you do it,” Wike said.

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Sanusi II To Be Reinstated As Kano Emir …..As State Assembly Dethrones Emir Bayero, Others

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Former Emir of Kano, Muhammadu Sanusi II
Former Emir of Kano, Muhammadu Sanusi II
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Sanusi Lamido Sanusi II has been reinstated as the Emir of Kano, according to a report by LEADERSHIP newspaper.

This decision followed the Kano State House of Assembly’s resolution to dethrone the current Emir and also dismantle the four new Emirates in the State established under a controversial 2019 law.

Though it has not been officially announced, LEADERSHIP reported that it had it on a good authority that Sanusi II had been reinstated, and was expected in Kano on Friday.

“According to credible inside sources, ‘So certainly with the passage of the Bill, Sanusi automatically stands reinstated. No need for confirmation, the thing to is wait for the Governor to assent to it’.

“The then restructuring of the Kano Emirate is seen as a political manoeuvre to diminish the influence of then Emir Sanusi II, a vocal critic of the former Governor Abdullahi Ganduje administration. The creation of the new emirates fragmented the authority of the old Kano Emirate Council, diluting its power and influence.

“Meanwhile, the Majority Leader of the Kano State House of Assembly, Lawan Hussaini Chediyar Yan Gurasa, who sponsored the Amendment Bill, shortly after Thursday’s session, revealed to journalists that, “the bill has been sent to the governor for assent, now there is no longer an active Emir in Kano in all the five Emirates; Kano, Bichi, Gaya, Rano and Karaye. The law now provides the governor to call on the traditional kingmakers to choose a new king.”

“Our correspondent also reports that all the district heads elevated or appointed under the repealed law are to revert to their previous positions.”

 

 

 

Source: Leadership

 

 

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