Despite the nationâs rising debt profile, the Senate, last week, approved the federal governmentâs request for another $1.5bn, â¬995m external loans, reports Udora Orizu
On April 21, the Senate gave the federal government the nod to borrow a total of $2.7 billion out of the $5.5 billion external borrowing request sent to the National Assembly by President Muhammadu Buhari in May, 2020.
Buhari had last May requested the Senate to approve the external borrowing to finance various priority projects of the federal government and to support the state governments facing fiscal challenges.
Over the years, given the countryâs rising debt profile, Nigerians always express concerns whenever they hear that the government is seeking one loan or another. Nigeria, under President Muhammadu Buhari, is currently on a borrowing spree.
Gbajabiamila, Abaribe call for paradigm shift from current democratic rule Gbajabiamila, Abaribe call for paradigm shift from current democratic rule
Share
The Speaker of the House of Representatives, Hon Femi Gbajabiamila on Monday assured Nigerians and the international community of the 9th Assembly’s resolve to follow due process in the process of enacting Local Government autonomy in the ongoing amendment.
Gbajabiamila gave the assurance in Abuja after declaring open the leadership capacity training for Delta State Local Government Councillors, held at the instance of the House Minority Leader, Hon Ndudi Elumelu.
The Speaker who acknowledged that Local Government remains the foundation of democratic governments in Nigeria ideally ought to be the centre of governing activities and governments innovations that serve to improve quality of life for all Nigerian people, however, argued that “the system we have in place now, with an overemphasis on the centralized policy plan
Share
A trouble-shooting team in the Peoples Democratic Party, the Reconciliation and Strategic Committee headed by a former Senate President, Bukola Saraki, met last week with critical stakeholders in the main opposition party. Amidst speculation of mass defection to the ruling All Progressives Congress (APC), TAIWO AMODU and LEON USIGBE examine the efforts of the six-member committee and its chances of aborting a depletion in the PDP.
Last December, the Prince Uche Secondus-led National Working Committee (NWC) of the Peoples Democratic Party (PDP) inaugurated a six-member National Reconciliation and Strategic Committee with the immediate past Senate President, Bukola Saraki, as chairman.
Senate President seeks peace between Senators Adeyemi, Abaribe Senate President seeks peace between Senators Adeyemi, Abaribe
Share
President of the Senate, Ahmad Lawan, has initiated a peace move to douse tension in the Senate. His troubleshooting initiative was a sequel to a face-off between Senator representing Kogi West, Smart Adeyemi and his counterpart representing Abia South, Eyinaya Abaribe.
Senator Adeyemi has rattled his colleague from Abia state when he called the governor of Abia state, Okezie Ikpeazu, as a “champagne drinking man.”
While making his contribution on a motion, ‘Urgent need for the Restoration and Revalidation of the Safe School Initiative in Nigeria,” sponsored by Senator representing Cross Rivers North, Odey Stephen, Senator Adeyemi said leaders in Abia State are governed by a drunkard.