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Chinese loans now worth $3.59bn – DMO

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The Debt Management Office has clarified that China’s loans to Nigeria, which total $3.59 billion, account for only 9.4% of the country’s total foreign debt stock of $37.9 billion.

Ms Patience Oniha, the Director-General of the DMO, stated this in an interview with the News Agency of Nigeria on Saturday in Abuja.

She also clarified that the loans were mostly subsidized because no national assets were used as collateral.

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According to NAN, news about some African countries, including Nigeria, facing the threat of losing some critical national assets to the Asian country due to high levels of indebtedness has recently flooded both social and mainstream media.

“As of September 30, Nigeria’s total debt stock was $37.9 billion, which included the external debt stock of the Federal Government, 36 state governments, and the Federal Capital Territory.

“However, China’s total loans amount to $3.59 billion, accounting for 9.47 percent of the country’s total external debt. The loans were largely concessional and did not require any national assets as collateral,” she said.

Oniha urged Nigerians to always seek official confirmation of sensitive information before disseminating it.

She explained that before foreign loans were contracted, multiple government institutions took very careful steps to ensure that they were beneficial to the country.

“Before any foreign loan is contracted, including the issuance of Eurobonds, the Federal Executive Council must first approve it, followed by the National Assembly.”

The approval of loan agreements by the Federal Ministry of Justice is an important and crucial step.

“Before the agreements are signed, the Attorney-General of the Federation and the Minister of Justice issue an opinion.”

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“Several measures have been put in place that work together to ensure that debt data is available and that debt is serviced when it is due. Annual budgets include explicit debt service provisions,” she explained.

Oniha explained that the loan agreements laid out a series of steps to follow in the event of a dispute.

“The parties should try to resolve it among themselves first, and if that fails, they should go to arbitration.”

“In other words, a lender, in this case China, would not seize an asset at the first sign of a dispute, including defaults,” she explained.

She explained that the DMO kept accurate debt records, projected debt service payments, and processed actual debt service payments.

She noted that those responsibilities were shared with the Office of the Accountant-General of the Federation (OAGF) and the Central Bank of Nigeria (CBN).

Over 20 people killed, property destroyed in new bandit attacks on Kaduna villages

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More than 20 people have been killed in Kaduna State as a result of new bandit attacks.

The bandits are said to have attacked a number of villages in the state’s Giwa Local Government Area.

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According to sources, the marauders attacked the villages on Saturday and Sunday mornings, shooting indiscriminately.

Several villagers were injured as a result of the attacks.

The villages include Kauran Fawa, Marke, and Riheya, according to Samuel Aruwan, the Kaduna State Commissioner for Internal Security and Home Affairs.

During the attacks, the bandits also set fire to several houses, trucks, and cars, as well as agricultural produce at various farms, according to Aruwan.

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Security operatives, on the other hand, have been deployed to maintain patrols in the general area, he said.

Governor Nasir El-Rufai has expressed regret for the attack and directed the Kaduna State Emergency Management Agency to conduct an immediate assessment of the area in order to provide relief to the victims.

Young Christian Forum of Nigeria congratulates Rev Pam on TheNigerian News Award

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Positive reactions has continued to trail the recent award of ‘Icon of Peaceful Coexistence in Nigeria’ on the Executive Secretary of Nigeria Christian Pilgrims Commission (NCPC), Rev. Yakubu Pam by TheNigerian News, a leading online media platform, during her 5th-year anniversary ceremony on Thursday, 16/12/2021.

Rev. Yakubu Pam who joined other notable personalities who have devoted themselves to selfless services to God and humanity, to be recognized by the media outfit, has been an unwavering advocate of peaceful coexistence in Nigeria.

A group known as Young Christian Forum of Nigeria, while congratulating Rev. Yakubu Pam, described the Pilgrims commission boss as a “man of peace and a great patriot who has used his current position to preach peaceful co-existence amongst Nigerians”.

Further speaking on the award, the leader of the group, Itodo Goodluck, said Rev. Pam is amongst the few great achievers who have never been commensurately decorated for their uncommon devotion to the greater good of humanity, congratulating TheNigerian News for doing the unusual by giving honour to whom it is due. Itodo also notes that Rev. Pam who has left a tall mark of excellence and cerebral leadership since his inception as the Executive Secretary of NCPC, is a man who has like the lamb of God, prepared to take any risks in the quest for a harmonious coexistence in Nigeria.

He expressed his optimism that this recognition will buoy Rev. Pam who has remained one of the few voices of peace in “a nation badly divided along ethnic, religious and regional lines, to be dauntless in his vigorous pursuit for a one united, peaceful Nigeria.

Itodo also used the opportunity to call on other religious leaders to emulate Rev. Pam’s peace advocacy and take advantage of their positions and influences to advocate for peace in Nigeria.

“Permit me to conclude this release by reiterating that this group rejoices with Rev. Yakubu Pam for the award well-deserved and will continue to support his peace initiatives which are geared towards healing our dear country and offering a platform of peace to every strata of the society“, Itodo Goodluck said.

League of Patriots congratulates former Senate President Anyim on TheNigerian News Award

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The League of Patriots has congratulated former Senate President, Senator Anyim Pius Anyim, on being conferred with an award of excellence by UK-based media group, TheNigerian News.

According to a statement signed by its president Hon. Samson Agbo on Friday, the group said the award is an acknowledgement of Senator Anyim’s numerous contributions to the nation’s democracy.

At an event to mark the company’s fifth anniversary in Abuja on Thursday, the former Secretary to the Government of the Federation was conferred with an award as ‘Grand Icon of Democracy’.

Senator Anyim was presented the award by His Royal Highness, the Emir of Lafia, Justice Sidi Bage (rtd).

Other distinguished Nigerians recognised alongside the former Senate President are Governor Yahaya Bello, Ambassador Tukur Buratai, Nigeria’s Ambassador to Benin Republic and former Chief of Army Staff, Engr Dr Funmi Adekojo among others.

Congratulating Senator Anyim, the group said his many records of quality service delivery and courageous contribution to the advancement of democracy in Nigeria is unrivalled.

It added that Anyim is a great patriot who has carried out his national assignment with an unflinching commitment to national interest.

The group, however, urged other political leaders in the country to emulate the former SGF.

Agriculture Ministry expresses regrets, after failing to account for N48 billion

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According to the latest government audit report, the Federal Ministry of Agriculture and Rural Development failed to account for extra-budgetary contractual liability totaling over N48 billion in 2019.

According to the report, the failure was due to a flaw in the ministry’s internal control system, which allowed for misappropriation of public funds and difficulty in funding the budget. According to the report, the ministry owes money because it failed to take the necessary steps to pay eligible contractors.

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Auditors cited Financial Regulations (FR) paragraph 2906 (ii), which states that “…all procurement plans must be supported by prior budgetary appropriation as proof of fund availability.” In other words, payments that are not included in the annual budget will be rejected.”

In addition, the report states that “Expenditure shall strictly be classified in accordance with the Estimates, and votes must be applied only to the purpose for which the money is provided.” Expenditure that has been incorrectly charged to a vote is disallowed.”

The ministry also used over N7 billion released for the 2019 first quarter capital project to pay for its traditional capital project from the previous year, according to the auditor-report. general’s (2018).

The report stated, “The Ministry’s 2018 Capital Project Appropriation was duly funded and released in the year, and there were no acceptable justifications for using 2019 first quarter capital release to pay for 2018 projects.”

The action was regretted, and the matter was under investigation by relevant anti-graft agencies, according to a letter from the agriculture ministry’s management dated November 3, 2020.

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Despite President Muhammadu Buhari’s repeated promises to revive the country’s agricultural sector, the sector continues to be underfunded, and funds allocated to the ministry are frequently mismanaged and diverted.

Mr Buhari fired the then-Minister of Agriculture, Sabo Nanono, in September due to inefficiencies in the ministry.

Six people convicted in Madagascar court over plot to kill president

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Six people were found guilty of plotting to assassinate President Andry Rajoelina by a Madagascar court, and they were sentenced to 20 years in prison with hard labor.

Paul Rafanoharana, a dual French-Malagasy national who was once a presidential adviser, was given the harshest sentence in the trial for conspiring to kill his former boss, according to reports.

In 2019, Rajoelina began his second term as president of the Indian Ocean island.

Philippe François, a former officer in the French military, was sentenced to ten years in prison.

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Another 14 people have been found not guilty.

The six, who included a retired Malagasy army general, were found guilty of charges including plotting to overthrow the government and criminal association with the intent to endanger the president’s life, according to a high court judge in the capital Antananarivo. All of them had denied the allegations.

One of Rafanoharana’s lawyers, Maître Willy Razafinjatovo, said he would appeal the ruling to a higher court.

He stated, “We are going to…have this trial set aside.”

“I’m shocked. The ruling is “scandalous,” according to Maître Arlette Rafanomadio, another lawyer for Rafanoharana.

The suspects were apprehended in July and August of this year, but the plot’s details have yet to be revealed.

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In a coup in March 2009, Rajoelina, 47, took power in the former French colony of 26 million people, deposing Marc Ravalomanana. Until 2014, he remained in power as the head of a transitional government.

PDP ready to provide better governance – Wike

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Mr. Nyesom Wike, the governor of Rivers State, has stated that the Peoples Democratic Party (PDP) is committed to providing better governance in order to change Nigeria’s fortunes ahead of the 2023 general elections.
At a reception to formally welcome former Deputy Speaker of the House of Representatives, Chibudom Nwuche, into the PDP fold at Government House in Port Harcourt yesterday, he made the statement.

Governor Wike stated that, as a PDP-controlled state government, his administration has touched every aspect of Rivers State and provided the people with the best good governance that money can buy.

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PDP, he claims, has remained a household name and most trusted to savage the country because of what it has continued to do in terms of responding to the needs of Nigerians.
“Welcome to God’s domain (Nwuche).” It is God’s property. “No matter what happens, PDP remains very strong, very firm, and very willing to change the fortunes of this country.”

Chibudom Nwuche, according to Governor Wike, is a democrat with a recognizable name who can add value to the PDP while also not becoming a liability.
PDP woos people who can contribute to the party, work for the welfare of members, and speak up for their people, according to Governor Wike.

As a result, he urged party members to let go of their fears that Nwuche would usurp their position in the party.
Governor Wike insisted that more people should join the party because there is enough room for everyone and no one will be denied what is rightfully theirs.

“Today is yet another wonderful day in our political history, as one of those who has contributed to the strength of democracy, as one of those who has made democracy what it is supposed to be.”

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“Let everyone know that we are not at odds with anyone here.” We lack the sophistication to even suggest that people should not return. People should not claim that because Chibudom has returned, I will not receive what I am entitled to. He’s come to add to the number of people in our group. “It’s better if there’s a lot of it.”

Governor Wike went on to say that the opposition factions in Rivers State’s All Progressives Congress should be more concerned about whether his administration is performing or has been untruthful to the people of the state.
Chibudom Nwuche, on the other hand, explained that he made mistakes in his decision to leave the PDP because he was angry at the time.

He took a sabbatical, according to him, but has since returned to where he discovered people-oriented leadership.

He claimed that in the last six years, Governor Wike has transformed Rivers State and transformed Port Harcourt into a modern city with cutting-edge infrastructure.

“They can’t deny one fact, no matter how much they despise you: you’ve worked so hard, and you’ve put your heart in this state.”

Nigeria seeks concrete support in combating terrorism

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President Muhammadu Buhari has urged the Turkey-Africa Partnership Summit to provide concrete support to the African continent’s fight against terrorism and insurgency.

President Buhari said on Saturday at the third edition of the Summit that the boko haram terrorist group is still active and preying on soft targets, despite being fragmented by internal strife and degraded by Nigeria’s defense forces.

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The President expressed his delight that the Summit convened by Turkish President Recep Tayyip Erdogan addressed the issue of terrorism while also focusing on Africa’s development and infrastructure.

“Another area on which this Partnership should focus is the global challenge of climate change, which affects Nigeria, Turkey, Africa, and the rest of the world.”

“Food insecurity, lake drying, loss of livelihood, and youth migration, among other things, have all become catalysts for conflict.”

“The trend is the same all over the world, with communities being engulfed by forest fires, rising sea levels, flooding, drought, and desertification.”

“I’d like to take this opportunity to call for support for initiatives like Africa’s Great Green Wall on Environment and Land Management, which aims to combat the effects of climate change and desertification in the continent.”

“By 2030, the initiative aims to restore 100 million hectares of degraded land in 11 Sahel-Saharan countries, capture 250 million tons of carbon, and create 10 million green jobs,” he said.

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COVID-19

President Buhari urged nations to follow the example of Africa-Turkey cooperation in combating the global coronavirus pandemic, which emphasizes solidarity and support.

“The pandemic is a global problem that necessitates global cooperation and solutions, and the Africa-Turkey cooperation model has proven to be a model for the rest of the world.”

“There has been mutual support not only in responding to the pandemic, but also in building resilience and sustainable development in other sectors.”

“We also applaud the African Union for the outstanding job it has done in coordinating the Partnership’s implementation,” he added.

In light of the increasingly unpredictable nature of today’s global challenges, the Nigerian leader stated that world leaders must continue to prioritize the well-being of humanity for the common good and prosperity of all.

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“In order to better equip us to address current and future challenges in a more equitable and sustainable manner, we must promote science, technology, and innovation, as well as share knowledge from research and development.”

“In this regard, Nigeria strongly supports both the Summit Declaration and the Joint Action Plan 2022-2026,” he said.

Trade

President Buhari welcomed the significant increase in trade figures between Africa and Turkey, reaffirming that international trade is an engine for development and sustained economic growth, as well as the global eradication of poverty.

He urged the African Continental Free Trade Agreement (AFCTA) to help boost trade between Africa and Turkey, resulting in a win-win situation for all parties.

President Buhari praised President Erdogan for establishing the Turkey-Africa Partnership in 2008.

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“We are confident that this cooperation mechanism will be a game-changer for our countries and set us on the path of sustainable development for our peoples, given the level of openness, trust, and commitment manifested in the Africa–Turkey Partnership,” the Nigerian leader added.

IMF approved $258 million loan disbursement to Kenya

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The International Monetary Fund’s Executive Board has approved a $258 million loan to Kenya.

According to the IMF, the board’s decision on the disbursement will bring total IMF financial support to $973 million under Kenya’s Extended Fund Facility and Extended Credit Facility programs.

“Kenya has shown remarkable resilience in the face of the COVID shock in 2020, and the country is on the mend economically.” “In 2021, growth is expected to accelerate to 5.9%,” according to the IMF.

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“Though uncertainty and pandemic-related pressures will persist until vaccinations become widely available,” it said of Kenya’s COVID-19 vaccination program.

Kenyan authorities have demonstrated strong commitment to their reform agenda in a difficult environment, according to the IMF, and have kept careful control of government spending to keep the deficit under control.

In Ogoni, CSO seeks to distribute portable water

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Social Action, a civil society organization, has called for the immediate distribution of portable water across the four local government areas of Ogoniland in Rivers State, as recommended by a UNEP report.

The demand was made during a town hall meeting in the state’s Bori Khana Local Government Area, with the theme “Where is the water for Ogoniland?”

Dr. Isaac Osuoka, the Executive Director of Social Action, spoke out about his concern for the health of the people in the area.

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Despite the establishment of an interventionist agency such as the Hydrocarbon Pollution Remediation Project (HYPREP) to implement the UNEP report, he stressed that communities in Ogoni are still struggling to obtain portable water as a basic need.

Osuoka, who was represented by the group’s Communication Coordinator, Peter Mazzi, said the UNEP report recommended two phases of activities to address environmental contamination in Ogoniland: emergency measures and remediation.

He bemoaned the fact that the HYPREP is beset by priority misplacement, administrative bottlenecks, and politics, all of which have contributed to the people’s continued health problems.

“To address environmental contamination in Ogoniland, the UNEP recommended a two-phase tenure of activities,” he said. The phases of emergency measures and remediation.

“The emergency measures include a recommendation for providing access to clean water and forming a health organization, as well as providing immediate relief in the face of life-threatening environmental contamination.”

“The first goal is to address the critical needs of the communities in advance of a full-scale environmental remediation process that could last up to 30 years.”

“Administrative bottlenecks, politics, and priority misplacement have hampered the cleanup process. Until recently, HYPREP’s activities were primarily focused on soil remediation, which has a number of flaws and drawbacks.

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“Communities still lack access to clean drinking water ten years after the report was released and five years after the cleanup of Ogoniland was flagged off.

“This is despite UNEP’s warnings of a major health crisis and risk posed by contaminated soil, which has been reported to be 800 times higher than the World Health Organization’s (WHO) limit in some areas.”

He stated that the organization’s visits to various communities all faced the same challenges, which included a lack of portable water.

“All of the communities’ testimonies are the same: there is no safe drinking water.” People continue to drink and use water from the same contaminated sources identified in the report as death traps, with surface and underground water contaminated by hydrocarbons remaining the primary sources of water for most community members,” Osuoka said.

Some community members who spoke spoke about the difficulties they faced in obtaining clean water from far-flung communities.

“We need water in Ogoni because we don’t have water,” said Barilogbene Charity, a native of Kaani in Khana LGA. We are pleading with the government to provide us with safe drinking water.

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“We walk to the stream to fetch water, and we don’t like it when we have to trek through lonely bushes to get the water.” On the way, one could be kidnapped and no one would know. Even the water we have to walk a long distance to get is filthy. The water used to be blackish in color, and it is true that the water is not good.

“The water makes us sick all of the time.” We want the government to provide us with water and electricity.”