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Nigerians Oppose Further Borrowings as Tinubu Seeks fresh N1.8trn Foreign Loan

Civil Society Organisations (CSOs) in Nigeria and experts have opposed President Bola Ahmed Tinubu’s plans to borrow an additional N1.767 trillion.
The CSOs have questioned the Tinubu-led government’s continuous borrowing even as the president has written to the National Assembly, seeking approval to borrow the said amount.
Tinubu is seeking approval for a N1.767 trillion ($2.209 billion) new external borrowing plan in the 2024 Budget (Appropriation Act).
Tinubu’s request was contained in a letter entitled “Request for a Resolution of the National Assembly for the Implementation of the New External Borrowing of N1.767 trillion (About $2.209 billion) in the 2024 Appropriation Act” and addressed separately to the
Senate President, Godswill Akpabio and the Speaker of the House, Rt Hon Abbas Tajudeen. The President said the borrowing was to part-finance the 2024 budget deficit of N9.179 trillion.
Tinubu said that the 2024 Appropriation Act approved N7.828 trillion in new borrowings, of which domestic borrowing stood at N6.061 trillion and new external borrowing was pegged at N1.767 trillion, to part-finance the N9.179 trillion budget deficit.
The Right Honourable Speaker may wish to recall that the 2024 Appropriation Act approved the sum of N7,828,529,477,860.00 as new borrowings to part-finance the 2024 budget deficit of N9.179 trillion.
The total new borrowings of N7.828 trillion was further subdivided into new domestic borrowing of N6.061 trillion and new external borrowing of N1.767 trillion,” part of the letter read.
Tinubu explained that the external borrowing funds were needed to give more impetus to the ongoing implementation of the projects and programmes in the 2024 Appropriation Act, which were designed to stabilise the economy and put it on the path of sustainable growth and development.
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Group Plans One Million Solidarity March to Jonathan, following apologies

“Bring Back Our Goodluck” North-East group planned to stage a one-million-man march to the former president Goodluck Jonathan’s country home in Bayelsa to prevail on him to contest the 2027 presidential election after their tour of the whole regions in Nigeria.
The National Chairman of the group, Grema Kyari stated this in Maiduguri when hundreds of youths gathered to strategise on the return of Goodluck Jonathan to presidential villa in 2027.
The group tendered an unreserved apology to former President Goodluck Jonathan over what they described as a damaging narrative of sponsoring Boko Haram terrorists used in removing him from office in 2015.
They said that they now believed that the former President was removed from office in 2015 as a result of “regime change” orchestrated by foreign powers, especially the Democrats-Obama/Biden US administration of 2014 in connivance with some desperate politicians in Nigeria.
“We are gathered here today at a time when our beloved country stands at a decisive crossroads.
The Nigeria of today is struggling under the weight of economic hardship, rising insecurity, and deepening divisions.
Citizens are losing trust in the very institutions meant to protect and serve them.
“I come before you not only as the National Chairman of ‘Bring Back Our Goodluck’ but as a witness to history and as a Nigerian who, like millions of others, was once misled. I am from Borno State, one of the epicenters of the Boko Haram insurgency.
“During the presidency of Dr. Goodluck Ebele Jonathan, a damaging narrative was widely spread in our communities that he sponsored Boko Haram and used the military to suppress us.
These lies thrived in an environment of limited restricted access to truth. But today, with broader exposure and clear understanding, I know those accusations were false.”
News
Christian Chukwu’s Burial Photos

• by Ohibaba.com

The funeral procession

Governor Peter Mbah made a speech

Peter Obi , other dignitaries with Chukwu’s family
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Mbah, Obi, Bid Farewell to Christian Chukwu
Consoling the family, Governor Mbah said, “As a government, we will always stand by you and ensure that Chukwu is immortalised, for indeed he served and loved Enugu and Nigeria with all his heart.

Image credit: Peter Obi / X
A 10- days night of tributes in Lagos and Enugu for the former Super Eagles captain and head coach -Christian Chukwu, ended today with his burial at his country home, Obe, in the Nkanu West Local Government Area of Enugu State.
Chukwu, popularly called “Chairman”, died on April 12, at the age of 74.
Dignitaries at the burial were former Labour Party presidential candidate Mr Peter Obi., President of the Nigeria Football Federation (NFF) Alhaji Ibrahim Gusau, represented by the Chairman of the Nigeria National League, Mr George Aluo, and Senator representing Anambra Central, Sen. Victor Umeh.
Others are members of the Enugu Executive Council, the retired Anglican Archbishop of the Enugu Diocese, Rt. Rev. Emmanuel Chukwuma, ex-Rangers players, the former Chairman of the Enugu Sports Club, Chief Nnanna Atuonwu, and others.
Governor Peter Mbah of Enugu State said at the event: “For me, and I believe for so many as well, it is difficult for you to have met Chairman without being inspired by his simplicity and humility.
“Without a doubt, he was disciplined, dignified, polite, and empathetic,” Mbah said.
Consoling the family, Governor Mbah said, “As a government, we will always stand by you and ensure that Chukwu is immortalised, for indeed he served and loved Enugu and Nigeria with all his heart.
Let us be comforted by the remarkable memory and legacies he left behind,” he added.
Earlier in his homily, the Anglican Bishop of Enugu Diocese, Rt Rev. Samuel Ike, extolled Chukwu’s exploits, contributions and development to football in Nigeria and Africa.
He described him as a “strong man” that led his team on a journey and fought and won several battles, as well as a committed family man that loved his family and relations.
“Chukwu has won battles with Rangers, Super Eagles and others. The Lord has been gracious unto him through several battles; he was an all-rounded man, very generous, and his generosity extended to the family of St Philip’s Church, Obe,” Ike said.
In response on behalf of the family, Mr Chukwuemeka Chukwu Jr thanked the guests for honouring and paying their last respects to his father.
Chukwu was born in Enugu and is widely regarded as one of Nigeria’s greatest defenders of all time.Chukwu, revered for his leadership and defensive mastery, captained both Enugu Rangers and the Nigerian national team, leading the country to its first Africa Cup of Nations title in 1980.
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