News
JUST IN: Tinubu seeks NASS approval to borrow fresh $21.5m, other external borrowing plans
President Bola Ahmed Tinubu has requested the National Assembly’s approval to secure external loans of $21.5 million and ¥15 billion as part of the federal government’s proposed 2025–2026 external borrowing plan.
Also, the request consists of a grant of €65 million to be included in the federal government’s external borrowing plan.
The president’s request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary on Tuesday.
In the letter, Mr Tinubu said that the funds will be used to create employment, promote skill acquisition, enhance entrepreneurship, reduce poverty, and boost food security.
He emphasised that the proposed projects and programmes are designed to have a nationwide impact, spanning all 36 states of the federation and the Federal Capital Territory (FCT).
This fresh loan comes as Nigeria’s total public debt stood at N144.7 trillion (approximately $94.2 billion), according to Debt Management Office December 2024 data.
A breakdown of the existing public debt showed that about 51.4 percent of the total (N74.4 trillion) is domestic debt, while 48.6 percent (N70.3 trillion) is external debt
News
Ayo Fayose Gets Presidential Portfolio As REA Board Chairman
Fayose will head the board of REA, with Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta appointed as members and non-executive directors,” said Onanuga.
President Bola Tinubu has appointed the former governor of Ekiti State, Ayo Fayose, as chairman of the Rural Electrification Agency (REA) Board.
The President also appointed Major General Junaid Bindawa as chairman of the National Salaries, Incomes and Wages Commission.
24 others were also appointed to 10 federal government agencies and commissions.
The appointments were contained in a statement issued by the presidential spokesman, Bayo Onanuga, in Abuja.
According to the statement, “All the appointments take immediate effect.”
“Fayose will head the board of REA, with Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta appointed as members and non-executive directors,” said Onanuga.
News
BREAKING: ICPC grills Gbajabiamila over PFIPC scandal
According to Jiti Ogunye, Gbajabiamila’s counsel, the president’s chief of staff appeared at the ICPC headquarters on Monday, where he was questioned over the PFIPC controversy.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has interrogated Femi Gbajabiamila, chief of staff to President Bola Tinubu, over his role in the emergence of the controversial Presidential Foreign Investment Promotion Council (PFIPC).
According to Jiti Ogunye, Gbajabiamila’s counsel, the president’s chief of staff appeared at the ICPC headquarters on Monday, where he was questioned over the PFIPC controversy.
Details soon
(The Cable)
News
NBC Begins Training of Free -To- Air TV Installers
” We are doing it to ensure that they can properly track the NigComsat signal. We found out that installers are very critical to the success of the DSO project because we recently launched the DTH project. We are going DTT. We are going DTH. We are doing mobile App.”
•50 set-top box installers and technicians in Ibadan
The National Broadcasting Commission (NBC) has commenced nationwide capacity-building exercise to prepare installers for the rollout of the country’s renewed Digital Switchover (DSO) programme.
The Head of the DSO Unit and Deputy Director of Public Affairs at the Commission, Mrs. Clementine Usman-Wamba, announced the development during training of more than 50 set-top box installers and technicians in Ibadan, the Oyo State capital.
According to her, broadcasters would be shut out of analogue broadcasting transmission by 2028, hence the need for the training of installers that are professionals to assist in the process.
She said, “We are actually here in Ibadan to train installers specifically to be part of the Digital Switch Over process.We are doing it in conjunction with Nigeria Communication Satellite Limited, (NigComSat). It is a joint outreach that we are doing here today.”
” We are doing it to ensure that they can properly track the NigComsat signal. We found out that installers are very critical to the success of the DSO project because we recently launched the DTH project. We are going DTT. We are going DTH. We are doing mobile App.”
She said that the installation of Free TV is to enable Nigerians to have access to many channels without subscription, noting that the NBC has embarked on the training of the installers of decoders and dishes nationwide for effective take off of the project.
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