Senate
Tinubu seeks Senate’s validation for $8.6bn, €100m loans approved by Buhari’s govt
President Bola Ahmed Tinubu has asked the Senate to give him the authorization to borrow $8,699,168,559 and €100 million to carryout critical projects across the country.
The president’s request was contained in a letter read at the begining of plenary on Tuesday by Senate President Godswill Akpabio.
Tinubu, in the letter, indicated that the request was part of the federal government 2022-2024 external borrowing plan approved by former President Muhammadu Buhari’s administration.
He said the projects to be funded with the loan cuts across different sectors of the economy, and were selected based on economic evaluation and the expected contribution to the country’s development.
The letter reads, “I write in respect of the above subject and to submit the attached the federal government 2022-2024 external borrowing plan for consideration and early approval of the National Assembly to ensure prompt implementation of the projects.
“The Senate may wish to note that the past administration approved a 2022-2024 borrowing plan by the federal executive council (FEC) held on May 15, 2023.
“The projects cut across all sectors, with specific emphasis on infrastructure, agriculture, health, water supply, roads, security, and employment generation as well as financial management reforms.
“Consequently, the required approval is in the sum of $8,699,168,559 and €100 million.
“I would like to underscore the fact that the projects and programmes in the borrowing plan were selected based on economic evaluations as well as the expected contribution to the social economic development of the country, including employment generation, and skills acquisition.
“Given the nature of these facilities, and the need to return the country to normalcy, it has become necessary for the Senate to consider and approve the 2022- 2024 external abridged borrowing plan to enable the government deliver its responsibility to Nigerians.”
Appointment
Creation of Ijebu State inches closer as bill scales first reading at senate
In a historic move, the Nigerian Senate on Tuesday passed a bill for the first reading that is seeking to create Ijebu State from the existing Ogun State. The bill, titled “Constitution of the Federal Republic of Nigeria (Sixth Alteration) Bill, 2024 (Creation of Ijebu State),” was sponsored by Senator Gbenga Daniel, representing Ogun East Senatorial District.
During the plenary session, Senate Majority Leader, Michael Opeyemi Bamidele, introduced the bill as the “fourth order of the day,” with Senate President Godswill Akpabio presiding over the proceedings. The bill successfully passed its first reading, setting the stage for further legislative deliberations.
The push for Ijebu State creation is part of a broader national discussion on state creation aimed at fostering local governance, improving political representation, and boosting regional development. Proponents believe that Ijebu State would bring about greater administrative efficiency and promote economic growth in the region.
The legislative journey for state creation involves multiple stages, including further readings, committee reviews, and constitutional amendments. Approval requires a two-thirds majority in the National Assembly and endorsement by at least 24 state Houses of Assembly.
If successful, Ijebu State would become Nigeria’s 37th state, underscoring ongoing efforts to address regional demands for administrative autonomy and improved governance.
Senate
Tinubu Seeks Senate Approval for Social Investment Programme Amendment Bill
President Bola Ahmed Tinubu has forwarded the National Social Investment Programme Agency Establishment Amendment Bill 2024 to the Senate for legislative approval. The proposed amendment aims to strengthen the framework for implementing the government’s social welfare programmes, ensuring greater transparency and efficiency.
In a letter read by Senate President Godswill Akpabio during Tuesday’s plenary, President Tinubu explained that the amendment seeks to designate the National Investment Register as the primary tool for targeting beneficiaries of social investment initiatives. This measure, he said, would ensure that welfare programmes are data-driven and deliver effective social protection to Nigeria’s most vulnerable citizens.
“The amendment will make our social and welfare programmes more transparent, efficient, and impactful in addressing the needs of vulnerable Nigerians,” the President stated.
He further noted that the request was made in accordance with Section 58(2) of the 1999 Constitution (as amended) and urged the Senate to give the bill urgent consideration.
The proposed amendment, if passed, will improve the management and delivery of social investment programmes, enhancing their capacity to combat poverty and inequality across the country. The Senate has referred the bill to relevant committees for review and is expected to deliberate on the proposal in subsequent sessions.
This development indicates that the Tinubu’s administration is commited to leveraging technology and data to optimize the impact of its social welfare initiatives.
Senate
Tinubu Requests Senate’s Confirmation for INEC Commissioners
President Bola Ahmed Tinubu has forwarded a request to the Senate for the confirmation of nominees for the positions of Commissioners in the Independent National Electoral Commission (INEC).
In a letter addressed to the Senate President, Tinubu stated that the request complies with the provisions of Section 154(1) of the 1999 Constitution of the Federal Republic of Nigeria, as amended.
The nominees for confirmation included Mr. Tukur Abdurazak Yusuf – National Electoral Commissioner, representing the Northwest, Professor Sunday Ajah – National Electoral Commissioner, representing the Southeast and Saseyi Fayemi
Resident Electoral Commissioner for Ondo State
The President expressed hope that the Senate would consider and confirm the nominees in its usual expeditious manner.
The letter concluded with Tinubu extending his assurances of highest consideration to the Senate President and distinguished senators.
The Senate President referred the matter has been referred to the Senate Committee on INEC and Electoral Matters for further deliberation, with instructions to report back to the full assembly promptly.
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