NEWS
Reps Debate Tinubu’s Loan Request
A significant clash is expected in the House of Representatives this week as lawmakers from the ruling party and the opposition prepare to debate President Bola Tinubu’s request for a $2.2 billion loan to cover a N9.7 trillion deficit in the 2024 budget.
The Senate has already approved the request, with the House set to deliberate on it in the coming days.
Approval Likely, Says Deputy Spokesperson
Deputy Spokesperson of the House, Philip Agbese, expressed confidence that the loan would be approved. Speaking with The PUNCH, he emphasised that the Tinubu administration has been prudent with resources, and the loan aligns with capital projects outlined in the President’s letter to the National Assembly.
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“The Tinubu-led government has been prudent with our resources. We will approve the loan request without hesitation,” Agbese stated, assuring that the process would adhere to strict procedures.
Nigeria’s total public debt currently stands at N136 trillion. Despite this, Agbese defended the loan, citing the administration’s focus on critical infrastructure and fiscal policies to safeguard taxpayer resources.
He emphasised the government’s commitment to accountability, stating that the loan would be monitored to ensure its use aligns with its intended purpose.
However, members of the minority caucus have warned against the over-reliance on borrowing. Minority Leader Kingsley Chinda stressed that borrowing should be a last resort. “What did we get as income, and how was it applied that we required borrowing? What efforts have we made to raise funds without borrowing?” he asked, insisting that only verifiable answers to these questions would justify the loan.
Labour Party lawmaker Afam Oghene echoed similar concerns, pointing out the nation’s growing debt profile and urging transparency in how the funds would be allocated. “Nigerians are worried about the Presidency’s repeated requests for loan approvals… The concern is not just about the loans but also about the transparency and integrity of how the funds are being deployed,” he noted.
Some lawmakers argue that the loan is necessary for national development. APC representative Chike Okafor asserted that under-investment in critical sectors like health, education, and infrastructure necessitates borrowing. “What I do not support is borrowing to fund ordinary appetite. By this, I mean borrowing just to fund recurrent expenditures,” he clarified.
As the debate unfolds, the House must balance the need for infrastructural development with concerns about the country’s growing debt. The ruling party appears committed to securing the loan, while opposition lawmakers vow to scrutinise its necessity and terms.
This week’s deliberations will likely determine the trajectory of Nigeria’s fiscal policy amid mounting economic challenges.
NEWS
Kano Businessman’s Daughter Kidnapped After ₦8m Ransom Payment
In a shocking incident on Sunday morning, unknown gunmen suspected to be kidnappers invaded the home of Alhaji Auwal, a prominent businessman, in Garo Town, Kabo Local Government Area of Kano State.
The gunmen, estimated to be around 10 in number, forced their way into the residence, breaking down a door to gain entry.
An anonymous source revealed that the attackers were heavily armed, with three carrying firearms and the rest wielding other weapons.
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They quickly gathered the entire family in one room, instilling fear and panic in the household.
According to the source, Alhaji Auwal pleaded with the assailants to spare his family and agreed to meet their demands.
The kidnappers, who were determined to extort money, received ₦8 million from the family.
Despite this payment, the gunmen took the businessman’s eldest daughter, Zainab, a secondary school graduate, before fleeing the scene.
The whereabouts of Zainab remain unknown, and as of now, the kidnappers have not contacted the family.
This abduction comes just 48 hours after the tragic kidnapping and subsequent murder of former Gombe State Permanent Secretary, Atiku Mu’azu, who was killed by gunmen after a ₦10 million ransom was paid.
The two incidents have left the residents of Kano in shock and fear, prompting calls for increased security measures in the area.
Attempts to reach the spokesperson for the Kano Police Command, SP Abdullahi Haruna, for comment were unsuccessful as his phone remained unreachable.
Authorities have yet to make any official statements regarding the investigation.
International News
Colombia Blocks US Deportation Flights Over Migrant Treatment
In a bold move, Colombian President Gustavo Petro declared on Sunday that he would not allow US deportation flights carrying Colombian migrants to access his country’s airspace.
The left-wing leader took to X (formerly Twitter) to express his strong stance, stating, “The United States cannot treat Colombian migrants as criminals. I forbid entry to our territory to US planes carrying Colombian migrants.”
Petro made it clear that such flights would only be accepted once Washington established a protocol to ensure the “dignified treatment” of deported migrants.
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The president later confirmed in a separate post that he had already turned back US military planes that were en route with Colombian migrants on board, although he did not provide further specifics on the matter.
While AFP sought confirmation from US authorities regarding the blockade of deportation flights, no immediate response was forthcoming.
Petro’s statements come just a day after Brazil’s government voiced similar outrage over the treatment of deported Brazilians.
Brazil condemned the US administration under President Donald Trump, citing instances where Brazilian migrants were deported while handcuffed on flights, describing it as a “flagrant disregard” for their basic rights.
In his remarks, Petro emphasized that he would be open to allowing civilian US flights to transport deported migrants as long as they were not subjected to treatment “like criminals,” signaling a broader call for humane treatment of migrants under international deportation policies.
NEWS
Four Dead, Many Injured As Explosion Rocks Niger State Mining Site
An explosion at a mining site in Sabon Pegi, Mashegun Local Government Area of Niger State, claimed the lives of four individuals and left several others injured on Sunday morning.
The blast occurred as miners resumed operations, sending shockwaves through the community.
While the exact cause of the explosion remains undetermined, local residents have pointed to the poor handling of explosive devices by mining companies as a possible factor.
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The incident has sparked concerns about safety practices within the mining sector.
Community sources confirmed the recovery of four bodies, but authorities fear the death toll could rise.
Investigations are ongoing to establish the cause of the blast and assess the full extent of the damage.
One resident, Aminu, described the chaos that followed the explosion. “The sound was so loud that many of us thought it came from the hydroelectricity dam nearby. People panicked and ran into the bush for safety,” he recounted.
Another community member highlighted the potential role of mining operations in the tragedy.
“Mining companies here frequently use explosives during their activities, and this seems like an operational issue, not something related to terrorism,” the resident said, dismissing concerns about a security threat in the area.
As of the time of reporting, neither the state government nor security agencies have released an official statement regarding the explosion.