NEWS
FG justifies N1.4bn vehicle purchase to Niger Republic
THE Federal Government on Wednesday justified the approval of the sum of N1,145,000,000.00 for the purchase of vehicles for Niger Republic.
There have been outrage over the Federal Government generosity to the neighbouring country as some have questioned why such money should be given to Niger Republic when public universities in Nigerian remained closed for about five months over the inability of the government to meet up with the demands of staff.
The outrage was generated by the measure exposed by a popular social media influencer, David Hundeyin.
But the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, when asked to confirm the reports argued that even though Nigerians have the right to question the approval, President Muhammadu Buhari, who approved the purchase also has the right to make his own assessment on situations and act accordingly.
Responding to questions at the end of the weekly Federal Executive Council, FEC, meeting presided over by President Buhari at the Council Chambers, Presidential Villa, Abuja, the Minister said Nigeria has a policy of assisting its neighbours to strengthen capacity to deal with insecurity.
According to her, over times, Nigeria has been supporting her neighbours, adding that the donation was to enhance the capacity of Niger Republic to maintain security.
She said that the President has the liberty to access what is in the best interest of the country.
While maintaining that the President reserved the right to take decisions in the interest of Nigeria, she said, “this was not the first time the country is proving such interventions to her neighbors.
READ ALSO: Dismay, as Buhari allegedly approves N1.4B to purchase 10 vehicles for Niger republic
“Let me just say that overtime, Nigeria has had to support its neighbors especially the immediate neighbors to enhance their capacity to secure their countries as it relates to us. This is not the first time that Nigeria had assisted Niger Republic, Cameroon or Chad.
“The President makes an assessment as to what is required based on the request of their Presidents. Such requests are approved and interventions are provided.
“It is to enhance their capacity to protect their countries, as it relates to security and also to Nigeria.”
She further added, “Nigerians have the rights to ask questions, but also the President has the responsibility to make an assessment of what is in the best interest of the country and I cannot question the decision myself.
“I have said that this is not the first time and that Nigeria as a country has provided an intervention to our neighbors. It is in the best interest of Nigeria to do so”
Report had had it that the President approved about 10 number Toyota Land Cruiser vehicles to the Republic of Niger, but did not however, specify the purpose for such approval
The document released by the media influencer showed that the president approved the release of the fund on the 22nd of February this year.
The contract to supply the 10 units of Toyoya Land Cruisers was awarded to IFO Kaura Motors Nig. Limited.
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.
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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.