Legislature
Senate resolves to probe FG’s failed controversial Make Up Gas deal
**As lawmaker accuses former President Buhari’s Finance minister for the messy deal
Former President Muhammadu Buhari’s minister of Finance of finance, Dr Zainab Ahmed came under critisms on Thursday over a failed controversial Make Up Gas Deal which the Senate resolved to probe and get to the root of the matter.
The former Minister was fingered to be responsible for railroading the country into the messy deal.
The senates resolution followed a motion sponsored by Senator Aniekan Etim Bassey representing Akwa Ibom Northeast Senatorial District, titled: “Need to Investigate the Controversial Make Up Gas, MUG, Reprocessing Deal Involving the Federal Ministry of Finance, Niger Delta Power Holding Company , Calabar Generating Company Limited and ACUGAS Limited.
Senator Aniekan explained that the FG was expected to pay over $10 million monthly to ACIGAS Limited which was under the protection of “take or pay” clause.
The clause, he explained, compelled the Federal Government not to default payment of $10 million, whether the Calabar Genco takes delivery of gas or not.
The Lawmaker frowned at the controversial clause, stressing that Nigerians are also worried, given the serious financial burden, it would have on the national treasury.
He said: “Recalls that under the said GSA , the Federal Government is obliged to pay over $10 million monthly to ACUGAS Limited and this monthly obligation was protected and secured with a “take or pay”, clause, implying that the monthly payment of over $10 million must diacharge unfailingly by the FG.”
He lamented that all effort to get the FG out of the doldrum failed, leading to a Reprocessing arrangement of gas already paid but not utilised.
According to him, the bid to get Nigeria out of the controversial “take or pay”, failed and put in place an arrangement to reprocess and redirect the gas for which Nigeria has already paid for, but not utilised over time.
The Lawmaker linked the former Minister of Finance under the immediate past administration of Muhammadu Buhari as responsible for railroading the country into that mess.
“The then Minister of Finance, Budget and National Planning Dr Zainab Ahmed initiated a Make Up Gas Reprocessing Deal Involving Calabar Genco and ACUGAS Limited.”
In their reaction, Senators were unanimous that the development was unfortunate and a rape on the national coffers.
The Deputy Senate President, Senator Jibrin Barau who presided over Thursday’s plenary upheld prayers that the relevant Committee will investigate the matter when constituted.
Barau insisted on due diligence in the handling of government transactions with private sector, “urging the Federal Government particularly the Office of the Attorney General of the Federation to ensure due diligence in the preparation and execution of transaction agreements with companies and other investors to avoid the ugly scenario government is facing.”
Legislature
President Tinubu urges Senate to approve ₦1.767trn External Loan
President Bola Ahmed Tinubu has formally requested the National Assembly’s approval for a $2.209 billion (₦1.767 trillion) external borrowing plan to finance part of the ₦9.17 trillion fiscal deficit in the 2024 budget. The loan, included in the 2024 Appropriation Act, is critical to the government’s broader strategy for economic recovery and growth.
In a letter to Senate President Godswill Akpabio, President Tinubu noted that the borrowing aligns with the provisions of Sections 21(1) and 27(1) of the Debt Management Office (DMO) Establishment Act, 2003. He also indicated that the Federal Executive Council (FEC) had approved the plan.
The President explained that the funds would be sourced through Eurobonds or similar external financial instruments. A detailed summary of the loan’s terms and conditions accompanied the letter to guide legislative scrutiny.
“This borrowing is necessary to address the budget deficit and fulfill our fiscal strategy for 2024. Swift approval will enable us to move forward with mobilizing these funds,” the President stated, emphasizing the urgency of the request.
Senate President Akpabio referred the matter to the Committee on Local and Foreign Deb
Legislature
Senator Natasha Transforms Kogi Central Schools with 5,000 Digital Learning Devices
By Isah Bala
Access to quality education is a cornerstone of societal progress, and Senator Natasha Akpoti-Uduaghan is embodying this vision by bringing transformative educational tools to Kogi Central. In a groundbreaking initiative, the senator recently provided 5,000 digital learning devices to public primary and secondary schools in her district, aiming to bridge the digital divide and set a new educational standard.
The devices, unveiled at Abdul Aziz Attah Memorial College (AAAMCO), are preloaded with the Nigerian curriculum from UBEC and internationally acclaimed educational resources, including Khan Academy and Discovery Kids. Through this initiative, students will experience interactive learning, enabling them to explore subjects in depth, enhance digital literacy, and engage with complex topics in a hands-on way.
This project is just the beginning of Senator Natasha’s ambitious plan to make “smart schools” the norm in Kogi Central. She envisions a future where every child in her district has equal access to digital learning, stating, “My dream is to equip all public primary and secondary schools in Kogi Central with digital learning devices before the end of my tenure in 2027.”
Beyond device distribution, the senator’s initiative includes UBEC-led teacher training to ensure educators are equipped to integrate these tools into their classrooms effectively.
With this dual approach of student and teacher empowerment, Senator Natasha is laying a foundation that will support digital literacy and skill development for years to come.
Senator Natasha’s commitment to educational advancement represents a significant step forward for Kogi Central, ensuring that young students have access to the tools they need to succeed in an increasingly digital world. This initiative marks her dedication to the constituency that entrusted her with this mandate.
Legislature
Newly Appointed Ministers Thank Senator Basheer Lado for Supportive Screening Process
Seven newly appointed ministers-designate have expressed their deep appreciation to Senator Basheer Lado, the Special Adviser to President Bola Tinubu on Senate Matters, for his instrumental role in ensuring a smooth Senate screening and confirmation process.
During a visit to Lado’s office, Ambassador Bianca Odumegwu-Ojukwu, the designated Minister of State for Foreign Affairs, spoke on behalf of her colleagues. She praised Lado’s guidance and support throughout the process, noting his efforts to make them comfortable at every stage.
“We can’t thank you enough for navigating us through this process and making everything feel manageable,” Odumegwu-Ojukwu remarked. She shared her initial anxiety, explaining how Lado’s personal touch—regular communication, detailed explanations, and readiness to help at any hour—helped them feel reassured and prepared.
The six other ministers-designate, who joined her in expressing gratitude, include Dr. Nentawe Yilwatda (Humanitarian Affairs and Poverty Reduction), Muhammadu Maigari Dingyadi (Labour and Employment), Dr. Jumoke Oduwole (Industry, Trade, and Development), Idi Muktar Maiha (Livestock Development), Rt. Hon. Yusuf Abdullahi Ata (Housing and Urban Development), and Dr. Suwaiba Said Ahmad (Minister of State for Education). Each expressed their thanks for Lado’s dedication to their success.
Odumegwu-Ojukwu conveyed the group’s appreciation, emphasizing Lado’s patience and availability: “Your commitment, your guidance, and even the late hours you kept to assist us—these made a significant impact on each of us. We are truly grateful for your support.”
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