News
Senate moves to endorse Tinubu’s N1.77tn loan request within 24hrs
President Bola Tinubu has requested the National Assembly for approval of N1.767tn loan already captured in the external borrowing plan for implementation of the N28.7trillion 2024 budget.
President Tinubu who made the request in separate letters read in Senate and House of Representatives during plenary on Tuesday, said if approved, the loan will be used to part-finance the budget deficit of N9.7tn for the 2024 budget.
The Senate President , Godswill Akpabio after reading the letter , mandated the Senate Committee on Local and Foreign to work on the request and report back within 24 hours .
“The Presidential request for $2.2billion , equivalent of N1.767trillion loan is already enshrined in the external borrowing plan for the 2024 fiscal year .
” The Senate Committee on Local and foreign debts , should therefore , give the request expeditious consideration and report back within 24 hours .
The president has also forwarded the Medium Term Expenditure Frame work (MTEF) and Fiscal Strategy Paper (FSP) for 2025- 2027 to both the Senate and the House of Representatives .
In giving the request expeditious consideration , Senator Godswill Akpabio after reading the letter containing it , mandated the Senate Committee on Finance , National Planning and Economic Affairs to consider it at committee level and report back in one week.
Key parameters in the 2025 – 2027 MTEF/FSP documents needed for consideration and approval of the proposed N47.9trillion 2025 budget are ÷ $75 oil price benchmark per barrel, Daily Oil Production of 2.06 million barrels , Exchange Rate of N1,400 to $1 and targeted GDP Growth rate of 6.4%..
President Tinubu in another letter to both chambers of the National Assembly , sought approval for Social Investment Programme Amendment Bill
The proposed amendment aims to strengthen the framework for implementing the government’s social welfare programmes, ensuring greater transparency and efficiency.
He explained further that the amendment seeks to designate the National Investment Register as the primary tool for targeting beneficiaries of social investment initiatives. This measure, he said, would ensure that welfare programmes are data-driven and deliver effective social protection to Nigeria’s most vulnerable citizens.
“The amendment will make our social and welfare programmes more transparent, efficient, and impactful in addressing the needs of vulnerable Nigerians,” he said
He further noted that the request was made in accordance with Section 58(2) of the 1999 Constitution (as amended) and urged the Senate to give the bill urgent consideration.
The proposed amendment, if passed, will improve the management and delivery of social investment programmes, enhancing their capacity to combat poverty and inequality across the country. The Senate has referred the bill to relevant committees for review and is expected to deliberate on the proposal in subsequent sessions.
This development indicates that the Tinubu’s administration is committed to leveraging technology and data to optimize the impact of its social welfare initiatives.
The Senator representing Taraba Central Senatorial District Manu Haruna has embarked on massive training of students across his constituency in Taraba State.
Recall that before this training, Senator Manu had embarked on similar training in his constituency where over 1000 students benefitted with starter packs.
In this on going program put together by Senator Manu Haruna and the Centre for National Productivity started on Wednesday and is expected to end on Thursday, where the trainees will collect their starter packs consisting of computers and other necessary gadgets.
The program is on going in five local governments namely: Gassol LGA
Sardauna LGA Bali LGA Kurmi LGA
Gashaka LGA.
While declaring the program open, representative of Senator Manu Haruna Director General of his Campaign, Hon Simon Dogari, who also led other members council to the event said:
“This is not the first of its kind that our iconic leader Senator has organized, in the past he had organized similar training programs where over 3,000 students benefitted across our Senatorial District.
He said: ” This particular program will sharpen the skills of all participants to prepare them for the new world order of internet surfing.
“I plead with you all to attend to to your lectures with all seriousness as at the end of this program you will get starter packs consisting of a laptop.
Others who represented Senator Manu at the event include:
Hon Alhassan Hamman Gassol
Alh. Shaibu Ishaka Kurmi
Hon. Abbas Kaura
Hon. Dr Abdullahi Jugulde
Hon. Hassan Bako
Hon. Somalia Sule
Alh. Falalu Manu
Alh. Alhassan Doro
Hon. Mohammed Nagogo
Prof. Yushua Ahmed Bali
Hon. Muslim Aruwa Commissioner for science and Technology Taraba State
***Says, action shameful disastrous
By Francesca Hangeior
Pope Francis marked 1,000 days since Russia’s invasion of Ukraine Wednesday, calling it a “shameful disaster for humanity” at an audience attended by First Lady of Ukraine, Olena Zelenska.
“Yesterday marked 1,000 days since the invasion of Ukraine. A tragic anniversary for the victims and the destruction it has caused,” the Argentine pope said at the end of his weekly general audience at the Vatican.
“But at the same time, (it is) a shameful disaster for all humanity,” he added in front of the thousands of faithful gathered in St. Peter’s Square, where Zelenska sat with the first ladies of Armenia, Lithuania and Serbia.
He expressed his closeness to the “martyred Ukrainian people” and called for efforts “so that weapons give way to dialogue”.
Francis then read a letter addressed to him by a Ukrainian student in which he describes the war and how people are suffering.
Russia launched its full-scale attack on Ukraine in February 2022 and since then, the pope has frequently called for an end to the conflict.
By Francesca Hangeior
Nigerian music star Tiwa Savage has revealed that she once returned a Range Rover gifted to her by an admirer for her birthday.
In an interview on The Beat 99.9 FM, Savage explained her decision.
She stated, “I once got a Range Rover for my birthday, but I returned it because I was not feeling the guy.”
The singer, renowned for hits like Somebody’s Son, also disclosed that US rapper Nicki Minaj is the most famous contact in her phonebook.
Tiwa Savage remains a trailblazer in the entertainment industry, with her music earning widespread acclaim and numerous awards.
Beyond her musical achievements, her foray into acting and filmmaking highlights her versatility and creative depth.
MASSIVE Empowerment: Senator Manu embarks another ICT training Taraba Central (Video)
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