Legislature
N30tr Ways and Means probe is fully on course -Senate
The Senate Ad – hoc committee Investigating the N30trillion Ways and Means facility expended by former President Muhammadu between 2015 and 2023 has declared that it is fully on course
Chairman of the Committee, Senator Isah Jibrin (APC Kogi East), gave the insight through a statement he personally signed refuting an online report which alleged that the investigation is in a limbo.
The Chairman in his rebuttal, attached letter of reminder written to the office of Accountant General for the Federation requiring for vital information for thoroughness of the investigative exercise
Senator Jibrin who doubles as Chairman , Senate committee on Customs and Excise Duties explained in the statement that though the Ad – hoc committee was given six weeks when inaugurated in March to carry out the exercise and report back to the Senate , but thoroughness and diligence required for the sensitive national assignment had made the committee to exceed the time .
” The essence of an investigation is to come up with factual findings and not just roll in report within specified time frame.
“Investigation on the N30trillion Ways and Means , is on course and not in anyway , in limbo as insinuated by an online platform today .
“Some of the required findings have been made and still being made as clearly shown by letter of reminder recently written to the office of Accountant General of the Federation”, he said.
The letter dated 19th June , 2024 , personally signed by Senator Isah Jibrin and titled : ” Request for Submission of Additional Information ” reads : ” You may recall our earlier letter on the above subject dated 27th May , 2024, requesting for the following additional information on Ways and Means , which you are yet to respond to .
“The required information are ÷ Details of disbursements under ways and means , Names of the beneficiaries , Amount / date of disbursements , purpose of the disbursements , terms of the disbursement ( where applicable ), repayment schedule ( where applicable ) and adherence to the repayment schedule” .
Ways and Means is a loan facility through which the Central Bank of Nigeria ( CBN) , finances the federal government’s budget shortfalls.
This way of financing government deficits usually results in macroeconomic instability, leading to inflation and high exchange rates because of the excess liquidity injected into the economy.
The CBN law limits advances under ways and means to 5 percent of the previous year’s revenue, but this has been mostly breached over the years.
As a way of remedying the situation, the CBN Governor , Olayemi Cardoso, declared in February this year , that the bank would no longer grant ways and means advances to the government “until all outstanding debts are refunded”.
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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