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Presidency Lists Beneficiaries Of External Borrowing Plan

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The Presidency has said that a total of 15 projects, spread across the six geo-political zones of the country, are to be financed with more than $4 billion from multilateral institutions, under the 2018-2021 medium-term (rolling) external borrowing plan.
President Muhammadu Buhari had requested the Senate to approve sovereign loans of $4.054 billion and €710 million as well as grant components of $125 million for the proposed projects.
According to the letter by the President, the sovereign loans will be sourced from the World Bank, French Development Agency (AFD), China-Exim Bank, International Fund for Agricultural Development (IFAD), Credit Suisse Group and Standard Chartered/China Export and Credit (SINOSURE).
The President’s request to the Senate listed 15 proposed pipeline projects, the objectives, the implementation period, benefiting States, as well as the implementing Ministries, Departments and Agencies (MDAs).
A statement by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu said a breakdown of the ‘‘Addendum to the Proposed Pipeline Projects for the 2018-2021 Medium Term (rolling) External Borrowing Plan,’’ shows that the World Bank is expected to finance seven projects including the $125 million grant for ‘‘Better Education Services Delivery for All’’.
According to the statement, the Global Partnership for Education grant is expected to increase equitable access for out-of-school children and improve literacy in focus states.
It further stated that the grant, which will be implemented by the Federal Ministry of Education and the Universal Basic Education Commission (UBEC), will strengthen accountability for results in basic Education in Katsina, Oyo and Adamawa States.
Other projects to be financed by the World Bank are, the State Fiscal, Transparency, Accountability and Sustainability Programme for Results as well as the Agro-Processing, Productivity, Enhancement and Livelihood Improvement Support Project.
The statement said, “The benefiting States for the agro-processing project are, Kogi, Kaduna, Kano, Cross River, Enugu and Lagos with the Federal Ministry of Agriculture and Rural Development as the implementing ministry.
“The objective of the project is to enhance agricultural productivity of small and medium scale farmers and improve value addition along priority value chains in the participating states.
“Similarly, the World Bank is also financing the Nigeria Sustainable Water Supply, Sanitation and Hygiene (WASH) project in Delta, Ekiti, Gombe, Kaduna, Katsina, Imo and Plateau States, for the next five years.
“The project, when completed, is expected to improve rural water supply, sanitation and hygiene nationwide towards achieving Sustainable Development Goals (SDGs) for water supply and sanitation by 2030.
“Under the external borrowing plan, the World Bank-supported projects also include Nigeria’s Covid-19 Preparedness and Response Project (COPREP), under the supervision of the Federal Ministry of Health and Nigeria Centre for Disease Control (NCDC).
“The project, which has an implementation period of 5 years, will respond to threats posed by Covid-19 through the procurement of vaccines.
“Furthermore, no fewer than 29 states are listed as beneficiaries of the Agro-Climatic Resilience in Arid Zone Landscape project, which is expected to reduce natural resource management conflicts in dry and semi-arid ecosystems in Nigeria.
“The benefiting states for the project to be co-financed by World Bank and European Investment Bank (EIB) are Akwa Ibom, Borno, Oyo, Sokoto, Kano, Katsina, Edo, Plateau, Abia, Nasarawa, Delta, Niger, Gombe, Imo, Enugu, Kogi, Anambra, Niger, Ebonyi, Cross River, Ondo, Kaduna, Kebbi, Jigawa, Bauchi, Ekiti, Ogun, Benue, Yobe and Kwara.”
Continuing, it said, “The World Bank is also funding the Livestock Productivity and Resilience project in no fewer than 19 states and the federal capital territory (FCT).
“The China EXIM Bank is expected to finance the construction of the branch line of Apapa-Tin Can Island Port, under the Lagos-Ibadan Railway modernisation project.
“The French Development Agency will finance two projects, which include the National Digital Identity Management project and the Kaduna Bus Rapid Transport Project.
“The digital identity project will be co- financed with World Bank and EIB.
“The Value Chain Development Programme to be financed by IFAD and implemented in Anambra, Benue, Ebonyi, Niger, Ogun, Taraba, Nasarawa, Enugu and Kogi States will empower 100,000 farmers, including over 6,000 and 3,000 processors and traders respectively.
“The loan facility to be provided by European ECA/KfW/IPEX/APC will be spent on the construction of the Standard Gauge Rail (SGR) linking Nigeria with the Niger Republic from Kano-Katsina-Daura-Jibiya-Maradi with a branch to Dutse.
“The specific project title, Kano-Maradi SGR with a branch to Dutse, has an implementation period of 30 months and will be implemented by the Federal Ministry of Transport.
“The Chinese African Development Fund through the Bank of China is expected to provide a loan facility of $325 million for the establishment of three power and renewable energy projects including solar cells production facility Phase 1 & II , electric power transformer production, Plants 1, II, III and high voltage testing laboratory.

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APC Lawyers Express Security Concerns At Benue LG Polls Tribunal Venues

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Lawyers representing the All Progressives Congress (APC) at the ongoing local government election tribunals in Benue State have written to the panels’ chairmen over growing security concerns at the tribunal venues.
The lawyers expressed their fears in three separate letters signed by Matthew Burkaa (SAN), Mohammed Ndarani (SAN), and Sunday Ameh (SAN) for Zone A, B and C senatorial districts, addressed to the tribunal chairpersons and made available to journalists in Makurdi.
The local government councils election petitions tribunals were all sitting in Makurdi, the state capital.
In their letters titled “Re: Notice of Tribunal Sitting on Monday 24th February 2025, and Our Security Concerns”, the lawyers urged the court not to sit because of the security concerns.
Mr Burkaa, who is representing the Zone B senatorial district in his letter, said he and his team were representing 294 respondents in all the pending 104 petitions before the tribunal in the zone.
He stated that they received notice through the tribunal secretary, Emmanuel Awuhe, via the ‘Local Government Petition Tribunal Makurdi’ WhatsApp group of the tribunal’s intention to sit on February 24.
Mr Burkaa said the lawyers had received a directive that the tribunal would not sit on February 21, the initially scheduled date and would be heard Monday, February 24.
“We hereby, with regard to the hearing notice against Monday, state our reservation against the said sitting of the tribunal on the following grounds:
“We have noted the brewing tense security situation around the court premises and within the state in the past few days.
“The state of affairs has created a serious security concern for us, as we fear for the safety of our team of lawyers and our clients should they attend the sitting on the said date.
“Consequent upon the above, we hereby respectfully request that the tribunal sitting be adjourned to a further and tentative date when adequate security measures would have been put in place to guarantee our collective security.
“We will be delighted if our request is granted with immediate and adequate consideration,” he said.
Also, Mr Ndarani, representing respondents in the 93 petitions pending before the Zone A senatorial district tribunal, aligned completely with Mr Burkaa.
Mr Ameh, counsel for Zone C respondents in the pending petitions at the tribunal, said the issue of security raised in his letter was a serious one.

 

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PDP Member Wants Court To Declare Nwoko’s Senate Seat Vacant

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A member of the Peoples Democratic Party (PDP), Marvis Ossai, on Monday prayed a Federal High Court in Abuja to declare the Delta North Senatorial seat vacant, following the defection of Sen. Ned Nwoko to the All Progressives Congress (APC).
Mr Ossai, filed the suit marked: FCH/ABJ/CS/325/2025, seeking the lawmaker’s removal, having defected from the party on which platform he came into the Senate.
The plaintiff also urged the court to direct the Independent National Electoral Commission (INEC) to, within 60 days from the delivery of judgement in the matter, conduct a by-election into the Delta North Senatorial District.
Aside from Nwoko, the INEC, PDP and the Senate, were cited as defendants in the matter.
Specifically, the plaintiff, through his team of lawyers led by Mr. Johnmary Jideobi, posed a lone question for the determination of the court.
He prayed among other reliefs, for: “An order of this Honourable Court, directing the INEC (the 2nd defendant) to conduct a bye-election into the Delta North Senatorial District of the Nigerian Senate within sixty (60) days from the date of the delivery of judgment herein.
“An order of this Honourable Court declaring vacant the seat of Ned Munir Nwoko and cancelling his Certificate of Return issued to him by INEC.
“An order of this Honourable Court mandating the 1st Defendant, Nwoko, to refund into the Consolidated Revenue Fund of the Federation, forthwith, all the salaries, emoluments and allowances received by him since January, 2025 until the date of the final judgment in this matter.
“An order disqualifying the 1st defendant from standing election into any elective post under the amended 1999 Constitution of the Federal Republic of Nigeria until and unless he complies with every terms of the judgment in this suit.
“An order mandating the 4th defendant (Senate) to immediately give effect to the judgment of this Honourable Court.”
In a five-paragraph affidavit deposed to by one Ibrahim Isa, the plaintiff, told the court that Sen. Nwoko had on Jan. 30, resigned from the PDP which was the political party on whose platform he was elected to occupy the Delta North Senatorial seat till 2027.
According to the plaintiff, who told the court that he is from Oshimili North Local Government Area in Delta North Senatorial District, Sen. Nwoko’s continued stay in office after his defection, would amount to a gross violation of the constitution.
“That since when the 1st defendant decamped from the PDP up to the present moment of initiating the instant suit, there is never any division in the national leadership of the Peoples Democratic Party (PDP).
“That the ideology of the 1st defendant’s new party, APC, to which the 1st defendant now fully subscribes, does not bear any similarity or represent the political philosophy of the PDP (which is the basis upon which the Plaintiff resolved to cast his vote for and elected the Defendant in 2023).
“That the conduct of the defendant in defecting from the PDP to APC has dealt a major blow to the fortunes of the plaintiff’s party, the PDP.
“That the conduct of the 1st defendant being challenged herein if not condemned and upturned by this Honourable Court will continue to encourage political harlotry, legislative rascality and destroys the reasons for the laws made to regulate the defection of National Assembly Members by the Constitution of Nigeria itself.
“That the continuous stay of the 1st defendant at the Federal Senate of the Federal Republic of Nigeria does no longer represent the Plaintiff’s interest or that of thousands of other members of our constituency who voted him in on the basis of our faith in our Party’s manifesto which they believed the 1st Defendant was capable of representing in the Federal Senate of the Federal Republic of Nigeria.
“That the defendant is now representing adverse interests of the people who fought the Plaintiff’s party tooth and nail [in the year 2023] to forestall the emergence of the 1st Defendant as the Member Representing Delta North Senatorial District Federal Constituency on the platform of the People’s Democratic Party, (PDP).
“That time is of the greatest essence in the instant application.
“It will be in the interest of justice for this Honourable Court to grant the prayers contained on the face of this Originating Summons,” the affidavit further read.
The suit is yet to be assigned to any judge for hearing.

 

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Tax Reform Bills To Shape Nigeria’s Economy -Akpabio

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President of the Senate, Sen. Godswill Akpabio, on Monday, defended the tax reform bills introduced to the National Assembly by President Bola Tinubu, saying that the bills would shape the future of the country’s economy.
He spoke in Abuja as the Senate Committee on Finance opened the long-awaited public hearing on the bills, urging all stakeholders to thoroughly examine the bills, considering the impact they would make on revenue generation and redistribution in the country.
The tax reform bills are, The Nigeria Tax Bill (NTB) 2024; The Nigeria Tax Administration Bill (NTAB) 2024; The Nigeria Revenue Service (Establishment) Bill (NRSEB) 2024; and The Joint Revenue Board (Establishment) Bill (JRBEB) 2024.
Sen. Akpabio noted that the misconceptions and fears about the bills were spread mostly by persons and groups that had hardly read the provisions.
He called all those opposing the bills to seize the opportunity of the public hearing to tell Nigerians why they believed the bills were bad for their well-being.
The Senate President stated, “The four bills, some leaders and elders have never read them. They only rush to the television to make comments.
“I call on all Nigerians, who are against the bills, to come and make their contributions. Don’t follow social media commentaries to act, read the bills.
“This is the future of Nigeria, these tax reform bills. All oversights by the Senate are suspended for now for us to devote enough time to the public hearing.”
Sen. Akpabio observed that while discussions or pronouncements about tax scare people, the truth remains that less than 30% of Nigerians pay taxes.
According to him, over-reliance on crude oil revenue has made many Nigerians to assume that paying taxes is unnecessary.
“At a time when oil revenue is dwindling, we have to think out of the box by sourcing money from other areas. This is a fact.
“I don’t think up to 30% of Nigerians pay tax. Yet, everyone wants good services and good governance.
“This is Nigeria. Nobody believes in the rule of law and nobody believes that tax works”, he added.
A long list of stakeholders attended the opening of the hearing on Monday.

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