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Uproar as Buhari Makes Fresh Request for $29.96bn Loan

President Muhammadu Buhari on Thursday re-sent the $29.96bn 2016-2018 external borrowing plan to the Senate for its consideration and approval.
Buhari made the request a day after the International Monetary Fund warned Nigeria against rising debts. T he Debt Management Office has said out of Nigeria’s total debt profile of N25.7tn as of June 2019, external borrowing accounts for about 32 per cent while the 68 per cent is domestic.
The President’s financial plan was approved by the Federal Executive Council in August 2016 and sent to the 8th Assembly in September 2016.
The leadership of the federal parliament led by Senator Bukola Saraki and Yakubu Dogara, invariably rejected the request in November 2016.
Buhari had asked the 8th Assembly to approve plans to borrow the amount abroad to fund infrastructure plans from 2016 to 2018.
The President of the Senate, Ahmad Lawan, who read the fresh request sent by Buhari during plenary, did not give details of the executive communication.
In the letter, dated November 26, 2019, Buhari said the 8th National Assembly approved only a part of the External Borrowing request forwarded to it in September 2016.
This, according to him, stalled the Federal Government’s implementation of critical projects spanning across the mining, power, health, agricultural, water and educational sectors.
News
Pastor Adeboye Bans Braids and Heavy Makeup for RCCG Clergy

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has openly criticized clergymen who wear braided hair and clergywomen who use false eyelashes and heavy makeup. During the church’s recent annual convention, he announced that these trends among church workers would no longer be accepted.
“In Yorubaland, the only men who braid their hair are Sango priests, the god of thunder,” Adeboye remarked. “Some say this is a new age, and we must adapt to modern trends, but not in this mission. Even after I’m gone, this will not be allowed.”
He made it clear that any pastor, particularly female pastors, who appears overly made up like a Nollywood star would be removed from the altar. “You may not like it, but if you are my children, you can’t defy me. Real men don’t wear makeup because they believe God made no mistakes in their creation.”
Adeboye further questioned the use of false nails, stating, “When you begin to fix false nails, I wonder what you are trying to achieve. If God wanted to make you a bird, He would have given you false nails and eyelashes.”
He urged those who take pleasure in unconventional appearances to repent and embrace modesty. “You can quote me on this: If anyone questions why you are making these changes, tell them, ‘Daddy GO said so,'” he concluded.

News
PDP Reaches Out to Peter Obi for 2027 Presidential Ticket

In a major political development, Professor Jerry Gana, a founding member of the People’s Democratic Party (PDP), has confirmed that the party has officially reached out to Peter Obi, inviting him to return and contest the 2027 presidential election under the PDP banner.

Gana described the move as part of a broader strategy to reposition the party ahead of 2027 by rallying credible leaders with proven integrity. He emphasized Peter Obi’s strong grassroots appeal and untainted public record as key reasons the PDP wants him back.
“We have reached out to Peter Obi to return home for our party’s presidential ticket,” Prof. Gana stated.
Do you think Obi should return to the PDP or continue with his current coalition?
News
Tinubu Engages Power Sector Leaders, Pushes for Lasting Energy Reforms

President Bola Ahmed Tinubu on Friday held a strategic meeting with key stakeholders in Nigeria’s power sector at the Presidential Villa in Abuja, as part of renewed efforts to tackle the nation’s long-standing electricity issues.
The high-level session was chaired by the President, with his Chief of Staff, Femi Gbajabiamila, and Minister of Power, Adebayo Adelabu, in attendance.
Also present were some of the industry’s most prominent figures, including Heirs Holdings Chairman, Tony Elumelu; Chairman of the Association of Power Generation Companies, retired Colonel Sani Bello; Managing Director of Sahara Group, Kola Adesina; and Acting Chairman of the Nigerian Electricity Regulatory Commission (NERC), Musiliu Oseni.
The meeting focused on exploring sustainable solutions to Nigeria’s energy challenges, with a strong emphasis on collaboration, regulatory reform, and long-term investment.


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