NEWS
FG Allocates N19bn For N-Power Training And Additional Programs
The Nigerian Federal Government has approved a whopping sum of N19.24bn to cover several projects across the country, including the training of 50,000 non-graduate N-power beneficiaries, and the installation of taxiway lighting systems at the airports in Port Harcourt, Lagos, and Abuja.
The announcement was made by the Ministers of Humanitarian Affairs, Aviation, Education, and Water Resources Sadiya Umar Farouq, during an extraordinary meeting of the Federal Executive Council chaired by Vice President Yemi Osinbajo at the State House, Abuja.
The sum also includes consultancy services for the Dadin Kowa 40MW power project in Gombe State and the furnishing of the Nigerian Maritime Administration and Safety Agency’s 10-storey headquarters in Lagos.
Prior to this, the FG had in March 2023 approved the engagement of four of its agencies to train 50,000 Non-Graduate N-Power beneficiaries for nine months. They include the National Institute of Transport Technology, Industrial Training Fund, National Institute for Hospitality and Tourism and the Hydraulic Equipment Development Institute.
Farouk said “The other memo is submitted, which is to seek Council’s approval for the engagement of four federal agencies for the training of the non-graduates N-Power beneficiaries. This is in the total sum of N14.21bn with 7.5% as VAT.”
She added that the life skills acquisition programme had been on since the inception of the N-Power programme in 2016 as the third batch begin training soon.
“We’re now in Batch C of that programme. And we have received a report from these agencies of what we have done thus far and we are very satisfied with them. We have engaged them again and this is what we brought to the Council for approval and it graciously approved,” said the Minister.
Farouk added that the council approved a policy on the homegrown school feeding programme. An initiative she said has reduced the number out-of-school children nationwide.
Although silent about the actual figures, she expressed hope that Nigeria’s out-of-school population would be drastically reduced by 2030.
“One memo we presented today is a policy on the national home-grown school feeding programme which is a food-based and cost effective programme widely used around the world.
“This is under the national social investment programme. It is an important aspect of that programme because it seeks to address issues of education, health, social protection and agriculture.
“It also seeks to address the issue of out-of-school children. Recall that this programme feeds primary one, two and three pupils in schools daily and in fact, we have witnessed significant school enrollment nationwide,” Farouk explained.
She said the programme has provided significant socio-economic relief to poor and vulnerable households, encouraging them to allow their children to attend school.
‘So this policy is the guiding document that is supposed to guide the activities and enhance this program delivery for a period of time. Hopefully, between now and 2030 we should be able to get all our children that are out of school back to school,” she said.
The Minister of Aviation, Hadi Sirika, revealed that the council approved the full business case for the establishment of an aviation leasing company and the sum of N3.05bn for taxiway lighting and other equipment for airports nationwide.
Sirika said, “So today in council, something very significant has happened in the world of civil aviation, part of our roadmap. The Aviation Leasing Company has been established and approved by council.
“Therefore, entrepreneurs and civil aviation will have access to lease equipment at affordable rates and within Nigeria.
“A second memo was for the award of contract for the procurement and installation of taxi lighting system and photometric pattern for Port Harcourt, Lagos, Abuja airports and some other equipment all over the country.”
He explained that the contract sum for the photometric and taxi lighting system for the airports amounts to N3.05bn with seven and half per cent VAT and to be completed by MSSRS KSR3 Global Nigeria Limited within 12 months.
On his part, the Minister of Water Resources, Suleiman Adamu, said the FG approved the sum of N605m as a five-year consultancy fee to supervise the concession of the Dadinkowa 40MW hydropower project.
The independent consultant is appointed to supervise the facility’s operations and income generation.
“It is for the first five years, renewable every five years for a total of 25 years. The amount is N605m for the first five years and then subsequently, based on performance of the consultant, it can be renewed.”
The council also approved another memo to regularise an ongoing lease arrangement with a concessionaire under the auspices of the Upper Niger River Basin Development Authority.
The approval extends the initial 10-year lease period of lands to farmers in the River Basin and Gurara, Niger State, to 25 years.
The Minister of State for Transportation, Ademola Adegoroye, revealed that the council approved N1.3bn as furniture costs for the newly-acquired 10-storey building to house the headquarters of the Nigerian Maritime Administration and Safety Agency in Victoria Island, Lagos.
It also approved Nigeria’s implementation of six international maritime organizations’ conventions, treaties and protocols. Adegoroye said although Nigeria had been a signatory to the six treaties, it was yet to fully implement them.
“The FEC approved that memo and also directed the Attorney-General and Minister of Justice to present the treaties conventions, all six of them before Mr. President for eventual execution,” he explained.
Also speaking was the Minister of Education, Adamu Adamu, who revealed that the FG approved the establishment 37 new private universities nationwide.
Monday’s approval brings the total number of universities approved for establishment under the Buhari-led government to 72. They include, 14 Federal Universities, 21State Universities and 37 Private Universities from 2015 to date.
Adamu who declined mentioning the names of the newly-approved higher institutions of learning only revealed that one of the 37 was an online university operated by a female Chancellor from Bauchi State.
“One of the universities is an online university by a woman from Bauchi State and this is significant in the sense that we always want to have our women coming forward in education,” he said.
When questioned about the FG’s move to establish more universities despite the ailing public university structure nationwide, Adamu argued that the country needs more universities to school its swelling youth population.
Adamu argued, “As far as I’m concerned, we need more universities. We are still under-University. And if there are universities that are underfunded, they should be funded. It shouldn’t affect new universities that are been established.
“In any case, this one is by the private sector. And I assure you that the regulatory process is such that they will not be established unless they are fully ready for it.”
NEWS
Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation
The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.
In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’
ALSO READ: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations
The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.
He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.
Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.
“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.
“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from
NEWS
N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden
Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.
In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.
READ ALSO: CSR: Dangote Cement Fuels Education With Support Projects At Lagos Schools
He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.
The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.
“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.
He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.
“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.
Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.
“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said
He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.
“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”
Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.
He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.
“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.
Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.
“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.
He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.
International News
ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others
The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.
In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”
READ MORE: Osun Govt Decries Attempted Murder Of Park Mgt Chairman By Police
The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.
Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.
The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.
With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.