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$4.9bn fresh loans: Buhari, Osinbajo zones get highest projects


North-West and South-West, the geopolitical zones of the President, Major General Muhammadu Buhari (retd.), and the Vice President, Yemi Osinbajo, respectively have the highest number of projects in the fresh loans the President is asking the National Assembly to approve.
Buhari had asked the National Assembly to approve fresh external loans of $4.05bn and €710m for his regime.
He also sought the legislature’s approval for grant components of $125m in the 2018-2020 external rolling borrowing plan.
These were contained in a letter addressed to both chambers of the National Assembly and read by the Senate President, Ahmad Lawan, and Speaker of House of Representatives, Femi Gbajabiamila, respectively on Tuesday on the floor at the resumption of plenary.
Buhari in the letter, dated August 24, 2021, explained that the projects listed in the 2018-2021 Federal Government Borrowing Plan would be financed through sovereign loans from the World Bank, French Development Agency, EXIM Bank International Fund for Agricultural Development, Credit Suisse Group and Standard Chattered/China Export and Credit in the total sum of $4,054,476,863 and €710m and grant components of $125m.
According to the President, a summary of some key projects in each of the six geopolitical zones that will be funded by the loans and a summary on the expected impacts on the socioeconomic development of each of the six geopolitical zones were attached to the letter.
North-West, South-West ahead other regions with four mega projects
According to the breakdown obtained exclusively by our correspondent, 13 key projects each to be funded with the loans were listed for the North-West and South-West, making them the geopolitical zones with the highest number of projects.
The President is from Katsina State in the North-West while Vice-President Yemi Osinbajo is from Ogun State in the South-West.
Our correspondent, however, noticed that most of the projects that were listed for the two zones are projects that are common to all the geopolitical zones or more than two zones, leaving only one project that is peculiar to the South-West and two that are peculiar to the North-West.
The only project peculiar to the South-West is the Lagos-Ibadan railway modernisation project (Apapa-Tin Can Island Ports Project); while the two that are peculiar to the North-West are the Kaduna Bus Rapid Transport Project and the Kano-Katsina-Jibiya-Maradi Rail Line.
Apart from the North-West and South-West that have 13 projects each, 11 projects each were allocated to the North-Central, North-East and South-East while 10 projects were allocated to the South-South.
Six zones listed as beneficiaries of $62m NASS solar power infrastructure
Curiously, however, the provision of 17 megawatts hybrid solar power infrastructure for the National Assembly complex which is to be funded with the $62,120,000 to be provided by Standard Chartered Bank/China Export and Credit (SINOSURE) was listed as item 9 for all the six geopolitical zones as beneficiaries.
This is despite the fact that the impact of the project was stated in one of the documents as “to address the National Assembly complex’s power supply deficit and to reduce higher overhead burdensome cost of running and maintaining fossil fuel generators (25 megawatts installed capacity) to power the National Assembly complex.”
Besides the projects peculiar to the geopolitical zones, however, are many others that have all the geopolitical zones as beneficiaries.
They include the $750,000,000 World Bank’s facility for State Fiscal, Transparency, Accountability and Sustainability Programme for Results: the $400,000,000 Nigeria COVID-19 Preparedness and Response Project – Additional Funding; the $700,000,000 Agro-Climatic Resilience in Arid Zone Landscape Project; and the $700,000,000 Nigeria Sustainable Water Supply, Sanitation and Hygiene Project.
Others are the €100,000,000 National Identity Management Project; the $500,000,000 Livestock Productivity and Resilience Support Project; the $276,981,586 three power renewable energy projects and the $200,000,000 Agro-Processing Productivity Enhancement and Livelihood Improvement Support Project, among others.
Five bodies would jointly provide the $4,054,476,863 component of the loan.
They include the World Bank – $3,250,000,000; China Exim Bank – $225,120,000; IFAD- $50,000,00; European ECA/KfW/IPEX/APC -$190,255,276; Bank of China -$276,981,587; and Standard Chartered Bank/China Export and Credit (SINOSURE) – $62,120,000.
The Euro component of €710m will be provided by AFD – €210,000,00 and Credit Sussie Group €500,000,000 while the World Bank will provide the grant components of $125m.
Part of Buhari’s letter to the National Assembly had read, “I write on the above subject and submit the attached addendum to the proposed 2018-2020 external rolling borrowing plan for the consideration and concurrent approval of the Senate for the same to become effective.
“The distinguished Senate President may recall that I submitted a request on the 2018-2020 borrowing plan for the approval of the Senate in May 2021.
“However, in view of other emerging needs and to ensure that all critical projects approved by the Federal Executive Council as of June 2021 are incorporated, I hereby forward an addendum to the proposed borrowing plan.
“The projects listed in the external borrowing plan are to be financed through sovereign loans from the World Bank, French Development Agency, EXIM Bank and IFAD in the total sum of $4,054,476,863 and €710m and grant components of $125m.
“A summary of some key projects in each of the six geopolitical zones and a summary on the expected impacts on the socioeconomic development of each of the six geopolitical zones are attached herewith as Annex II and III.”
PUNCH
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UK Confirms Koi Herpesvirus Outbreak, Restricts Fish Movement

Authorities in the United Kingdom have imposed movement restrictions on aquatic animals following the confirmation of a Koi herpesvirus (KHV) outbreak at a fish-growing facility in Aspley Guise, Milton Keynes.
The Fish Health Inspectorate (FHI) confirmed the outbreak at a facility at Tree Farm on September 10, triggering statutory measures designed to prevent the virus from spreading to other fish farms and waterways.
KHV is a serious viral disease that affects common carp and ornamental carp, including koi. According to the UK Government, the disease can cause significant fish deaths, particularly when water temperatures range between 16°C and 28°C.
Affected fish may develop white or brown patches on their gills, damaged or rough skin, excessive loss of mucus and sunken eyes.
However, authorities stressed that KHV poses no risk to human health.
Under the restrictions, operators within the designated area are prohibited from moving aquatic animals, including live fish, eggs or gametes, into, out of or within the affected zone without written approval from the FHI.
Dead aquatic animals and related biological material must also be disposed of through approved Category 2 animal by-product waste procedures.
The FHI will monitor the affected facility and inspect compliance with the restrictions. Operators are required to immediately report any renewed fish deaths or evidence that the disease has spread to other facilities or bodies of water within the designated area.
Any proposed physical changes to affected sites, including alterations to boundaries, water bodies or their use, must also be reported to the inspectorate in advance.
The FHI said requests for necessary permissions should generally be submitted at least five working days before the proposed movement or activity.
Additional control measures could include enhanced biosecurity, further movement restrictions, culling of infected fish, and thorough cleaning and disinfection of affected premises.
KHV outbreaks have been subject to statutory controls in the UK since 2007, with the country maintaining a surveillance programme for the disease.
Authorities have urged fish owners and aquaculture operators to strengthen biosecurity measures and promptly report suspected cases to help prevent further spread.
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Enugu tasks partners on measurable improvements in health outcomes

The Enugu State Government has tasked health partners and stakeholders on translating government policies, investments and strategic plans into measurable improvements in health outcomes meant to uplift residents’ health status.
The state Commissioner for Health, Prof. George Ugwu, gave the task on Saturday in Enugu while formally declaring open the 2026 Enugu State Health Sector Joint Annual Review (JAR) Meeting.
Ugwu assured that the state government remained committed in building a stronger, more responsive and resilient health system.
The commissioner called for renewed commitment, accountability and collective action to strengthen healthcare delivery across the state.
He commended Gov. Peter Mbah for his remarkable commitment to transforming the health sector through sustained investments, reforms and initiatives aimed at improving access to quality healthcare for the people.
Ugwu noted that the meeting provided an important platform for partners and stakeholders to take stock of the implementation of the 2026 Annual Operational Plan, assess progress, identify gaps and bottlenecks.
The commissioner said that the meeting would provide opportunities for agreements on practical actions to accelerate health sector performance.
In a remark, the Permanent Secretary, Ministry of Health, Dr. George Nwachi, stressed the importance of the review as a mechanism for strengthening accountability, evidence-based decision-making and effective implementation of health programmes.
Nwachi emphasised the need for stakeholders to critically examine achievements and challenges, close identified implementation gaps and develop realistic priorities that would further improve service delivery across the state.
The technical sessions featured the presentation of the 2025 JAR Resolutions by the Director of Planning, Research and Statistics of the Ministry of Health, Mrs Ann Oguejiofor, providing a basis for assessing progress on previously agreed actions.
The Sector-Wide Approach (SWAp) Desk Officer, Mrs Uju Ewoh, also presented an update on the Maternal and Neonatal Mortality Reduction Innovation and Initiative (MAMII) initiative.
The State Monitoring and Evaluation Officer, Mr Ikechukwu Obodo, presented the validated JAR template to guide the assessment of health sector performance and ensure that the review is anchored on reliable data and measurable indicators.
The outcomes of the two-day critical stakeholders’ meeting would serve as a critical foundation for the development of the 2027 Annual Operational Plan, further advancing Enugu State’s determination to deliver stronger, more efficient and people-centred healthcare services.
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Gov Mbah Bags Transformational Leadership Award, Promises More

…As Nsukka LG boss, Asogwa bags Best Council Chairman Award_
Governor Peter Ndubuisi Mbah’s transformational leadership and developmental strides took centre stage, yet again, as Enugu Media Village honoured him with an Award of Excellence for dedication to transformational leadership and outstanding governance.
This was even as the Chairman of Nsukka Local Government Area, Engr. Jude Asogwa, emerged winner of the 2025/2026 Enugu State Best Performing Local Government Chairman Award, while Isi-Uzo Council Chairman, Barr. Obiora Obeagu came second in the poll.
The awards were presented during the organisation’s 2025/2026 Best Performing Local Government Chairman Poll and Leadership Recognition Ceremony, which took place at the International Conference Centre, Enugu.
Presenting the awards on behalf of the organisation, the Board of Trustees Chairman of Enugu Media Village and former Chairman of Agwu Local Government Area, Hon. Nnanna Nze, commended Governor Mbah for what he described as his remarkable transformation of the state in just three years.
Nze noted that the governor’s developmental strides in critical sectors of the economy had continued to attract commendation from residents and stakeholders.
Earlier in his welcome address, the Founder and Director General of Enugu Media Village, Mr. Kelvin Uche Edeh, described the organisation as a media platform established to promote developmental governance and ensure that information about government projects reaches the grassroots.
He noted that Governor Mbah had demonstrated that governance was a powerful tool for transforming communities and improving lives.
“Governor Peter Mbah has shown us that governance is about changing communities and transforming systems.
“We are committed to supporting developmental governance by ensuring that information reaches the grassroots across all local government areas,” Edeh stated.
Receiving the award, Governor Mbah said the honour belonged to members of his team and the entire people of Enugu State for entrusting their mandate to him.
He, however, said that the people of Enugu State had only seen a tip of the iceberg, as he remained committed to exceeding expectations in delivering more dividends of democracy to the people.
Mbah, who was represented by the state’s Attorney General and Commissioner for Justice, Barr. Osinachi Nnajieze, said the people of Enugu State deserved only the very best, hence his insistence on excellence, innovation and high performance from members of his administration.
Another major highlight of the event was the emergence of Engr. Jude Asogwa, as winner of the 2025/2026 Enugu State Best Performing Local Government Chairman Award.
The poll, which featured all 17 local government areas of the state, recorded Nsukka Local Government Area as the overall winner with 110,447 votes, ahead of Isi Uzo, Uzo Uwani, Igbo Eze North and Enugu South LGAs, in that order.
In his acceptance speech, Engr. Asogwa, who dedicated the award to God, Governor Mbah, his family and the people of Nsukka, said the recognition reflected his Council’s commitment to delivering development to all 52 communities in the LGA.
He further reaffirmed Nsukka’s support for Governor Mbah’s re-election, citing the administration’s investments in the area such as 20 Smart Green Schools, 21 Type-2 Primary Healthcare Centres, dualization of the over 44.1-kilometre Enugu – Opi – Nsukka Road, the 52.2km Nguru – Lejja – Aku – Akpakume Nze – Egede – Affa – Eke road, and N1 billion oxygen plant, among other development projects designed to improve lives and grow Nsukka and Enugu North Zone’s economy.
“Let me just tell us that the secret of our performance is Dr. Peter Ndubuisi Mbah. He is a leader that supports the local government council chairmen. He is a governor who does not tamper with the allocations of the LGAs. That is the secret of the results you are seeing. In addition, he has delivered 267 Smart Schools and 260 Type 2 Primary Healthcare Centres in the 260 wards.
“So, Nsukka is for Governor Peter Mbah. Also, we had earlier decided as a zone that come 2027, we will support and deliver not only the governor but also President Bola Ahmed Tinubu, whose administration has contributed to the growth and development of our people, including the appointment of the first indigenous Vice Chancellor of the University of Nigeria, Nsukka,” he said.
The event also featured the presentation of Awards of Excellence to distinguished public office holders and leaders in recognition of their contributions to governance, leadership and public service.
Among the awardees were Senator Osita Ngwu, representing Enugu West Senatorial District; Senator Ikeje Asogwa, representing Enugu North Senatorial District; Hon. Chimaobi Sam Atu, representing Enugu North and South Federal Constituency; Barr. Osinachi Nnajieze, Attorney General and Commissioner for Justice; and Chie Chukwudi Nnaji.
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Reps Member Escapes Death in Ore–Ondo Road Crash

The Member representing Ilaje/Ese-Odo Federal Constituency in the House of Representatives, Donland Ojogo, narrowly escaped death on Saturday when his two-vehicle convoy was involved in a road accident.
The incident, which occurred along the Ore–Ondo Road, reportedly involved a commercial bus that dangerously overtook the lawmaker’s vehicle and collided with an oncoming vehicle, causing panic and confusion among road users.
Although Hon. Ojogo, who recently secured a return to the National Assembly, did not sustain any serious injuries, some members of his entourage were affected in the crash.

The federal lawmaker was said to be en route to Arogbo in Ese-Odo Local Government Area for a political l engagement when the accident happened.
Reacting to the incident, Ojogo expressed gratitude to God for sparing his life and that of his team, noting that the situation could have been fatal if not for divine intervention.
According to him, “God took perfect control of the situation and prevented what could have turned into a tragic incident.”
He, however, blamed the driver of the commercial bus for the accident, accusing him of reckless driving and impatience on the highway.
Meanwhile, those who sustained injuries in the crash have been rushed to a nearby hospital where they are currently receiving treatment.

Petroleum marketers have slowed fuel purchases from the Dangote Petroleum Refinery amid uncertainty surrounding the company’s decision to sell Premium Motor Spirit (PMS) in U.S. dollars, raising concerns over possible disruptions in fuel supply across Nigeria.
While some marketers claimed that fuel loading had been suspended at the Lekki-based refinery, the company dismissed the reports, insisting that loading operations were continuing as normal.
Industry players, however, said many marketers had deliberately reduced or halted large-scale purchases while awaiting clarification on the refinery’s new pricing structure and the expected landing cost of imported petroleum products.
The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, explained that marketers were reluctant to buy large volumes because of uncertainty over future petrol prices.
According to him, products currently in circulation were purchased at between ₦1,250 and ₦1,300 per litre, while fresh supplies could be priced differently depending on the new crude oil pricing template and imported fuel costs.
“The challenge is that marketers do not know whether petrol prices will rise or fall after making fresh purchases. Consumers still expect fuel to be sold at the prevailing pump price, making it risky for marketers to stock up,” Ukadike said.
He noted that although fuel distribution had not stopped entirely, the volume of products being loaded had reduced significantly. He urged the Federal Government to intervene quickly by resolving the pricing uncertainty to restore confidence in the downstream petroleum sector.
Similarly, the IPMAN Western Zone Chairman, Oyewole Akanni, confirmed that the uncertainty had forced many marketers in the South-West to suspend fresh purchases, resulting in temporary closures of some filling stations.
Speaking to the News Agency of Nigeria (NAN), Akanni said the situation followed the reported suspension of PMS loading at the Dangote Refinery about four days ago, forcing marketers to rely on private depots where prices have risen sharply.
According to him, ex-depot prices at private facilities in Lagos now range from ₦1,200 to ₦1,220 per litre, excluding transportation costs, with some depots reportedly selling at up to ₦1,250 per litre. He added that products were still available from suppliers such as NIPCO and Aiteo at around ₦1,200 per litre.
Akanni disclosed that four truckloads of petrol meant for his filling stations had remained at the refinery since loading was reportedly suspended.
“I was supposed to receive four truckloads of PMS four days ago, but that has not happened because the trucks are still at the Dangote Refinery,” he said.
Despite the situation, Akanni maintained that Nigeria was not experiencing fuel scarcity and advised motorists against panic buying. However, he warned that prolonged uncertainty could eventually lead to an increase in pump prices.
The developments have heightened anxiety in the downstream sector, with marketers closely monitoring pricing decisions before resuming normal fuel purchases.
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