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Senate Approves $1bn External Loan for FG – THE AUTHORITY NEWS


April 21, 2021
By Ignatius Okorocha
The Senate on Wednesday at plenary gave approval to the federal government for external borrowing to finance federal and state governments priority projects in the revised 2020 budgets.
The approval was contained in the report of the committee of the Upper Chamber on Local And Foreign Debts is part of measures aimed at addressing the impact of the Covid-19 Pandemic and to improve on the country’s food security.
The President, Muhammadu Buhari, in a letter dated 19 May, 2020, asked the Senate to approve for borrowing, the sum of Five Billion, Five Hundred and Thirteen Million Dollars ($5, 513, 000, 000).
The funds according to the letter read by the Senate President, Ahmad Lawan, is meant to “finance priority projects of the government and projects to support state governments.” ....

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Tambuwal, a Prospect for United, Better Nigeria


Anthony Silverman
The unity of the Nigerian state has never been so badly threatened than now. Sixty years after independence, Nigeria is today on the precipice of breaking up; no thanks to leadership without clear direction, crimes and terrorism, poor human development, insecurity, ethnoreligious division, mutual suspicion, illiteracy and unemployment as well as corruption. There is no gain disputing the fact that Nigeria needs help; just as it earnestly needs a leadership that understands the imperatives of such salvation.
Yes. Nigeria requires a leader that can galvanize resources and instigate impactful policies that can engender such remedy. We need no pundit to tell us that Nigeria is no longer a united country. Without unity, Nigerians can never realize the dreams of our founding fathers. A dream long abandoned. Unity, they say, can only be achieved when there are better coordination and mutual understanding in the society. Unity will come when there is no friction ....

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Why govt should support Nigerians to travel abroad –Teriba


Punch Newspapers
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Tunde Ajaja
An economist and Chief Executive Officer, Economic Associates, Dr Ayo Teriba, has called on government at all levels to support Nigerians to travel abroad, whether as migrants or for educational and other related purposes.
He noted that it is archaic to view migration as brain drain, noting that some developed countries sponsor their citizens to other countries to acquire skills and education, and in turn make a lot of money from remittances and knowledge transfer.
Teriba was one of the lead discussants at the 2021 Centre for International Advanced and Professional Studies Roundtable, tagged ‘Fiscal Transparency Accountability and Sustainability of Nigerian States’, which held virtually a few days ago. The event was chaired by CIAPS Director, Prof Anthony Kila. ....

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