Politics
Clash looms in Reps Tuesday as Tinubu presents $2.2bn fresh loan request
A showdown looms in the House of Representatives this week between lawmakers elected on the platform of the ruling party and their opposition counterparts over the $2.2m (N1.77tn) loan request by President Bola Tinubu.This is as the Deputy Spokesperson of the House, Mr Philip Agbese has declared that the Green Chamber will have no trouble approving external borrowing request from President Bola Tinubu, Deputy Spokesman of the Green Chamber, Congressman Philip Agbese has said.
President Tinubu’s loan request was contained in a letter transmitted to the parliament and read by the Speaker of the House of Representatives, Tajudeen Abbas, during Tuesday’s plenary.
If approved, the President said the loan would fund the N9.7tn deficit in the 2024 budget.
The Senate has already approved the loan request, with the House expected to debate same ahead of its approval later in the week.
Speaking on Sunday, the Benue lawmaker who doubles as the Deputy Chairman, the Committee on Media and Publicity, advanced reasons the House will not hesitate to follow the footsteps of the Senate in granting the request of the President to borrow externally to fund the budget deficit.
According to him, the House will approve the loan request as long as it is meant for the execution of capital projects across the country as stipulated in the letter transmitted to the National Assembly by the President.
“The Tinubu-led government has been prudent with our resources. We will approve the loan request without hesitation,” he said, adding that the request will be treated in conformity with standing procedures.
“I can tell you that the relevant Standing Committees have commenced scrutiny of the loan request ahead of the consideration by the House. But I assure Nigerians that as their representatives, we will abide by strict standard procedures in doing our job as far as this request is concerned,” he said.
Debt burden
Although Nigeria’s total public debt currently stands at N136tn, Agbese justified the President’s quest to borrow more, saying, “The kind of critical infrastructure we have seen the current government investing their scarce resources on are encouraging. From the Honourable Minister of Finance to the Accountant General’s Office, we have seen fiscal policies that aim to safeguard taxpayers’ resources.”
He added that just as past approvals by the parliament were done in line with due consultation with other relevant stakeholders and experts, “The situation would not be different this time.”
On what has changed since the inauguration of the incumbent All Progressives Congress-led administration, Agbese who represents Ado/Ogbadibo/Okpokwu Federal Constituency of Benue State, noted that “the executive is enhancing our budget system in terms of priorities.”
While declaring that “it may not be far from the truth that past administrations took foreign loans to spend on disposables,” he insisted that “the 10th parliament is carrying out its oversight functions to see that every penny counts in the overall interest of our people.”
‘Govs change stand’
Reacting to an exclusive report by The PUNCH quoting some lawmakers saying that some state governors appeared to have changed their rigid stand on Tinubu’s tax reform bill, now before the parliament for consideration, the lawmaker added that the resilience of legislators may have informed the development.
“Many (governors) are doing so because they have seen the resilience of the parliament to do what is right for Nigerians. This is what you get where there’s patriotism above personal and selfish interest of just a few entities.
“The House of Representatives under the leadership of Rt Hon Tajudeen Abass has done something novel and Nigerians are equally commending his leadership. There’s no doubt that our approach to inviting the key drivers of the tax reforms in Nigeria and doing so at the same time with our in-house experts, has changed the narrative completely in Nigeria,” he added.
In a veiled jibe at former Vice President Atiku Abubakar, who in July described the National Assembly as an enabler of executive recklessness, Agbese said Nigerians “don’t take him seriously, so, the parliament won’t be bothered about his opinion which was probably expressed from abroad or somewhere in Dubai.
“The only time that politician won an election was when another candidate from the south carried him on his back as a running mate. The only thing he sees about Nigeria is when an election will take place.”
The lawmaker assured Nigerians that when granted, the loan would be used for the intended purpose, saying, “The House of Representatives will ensure that such monies if approved are not diverted. What we understand the President is doing is repositioning critical institutions for optimum performance as well as delivering on infrastructure that will stand the test of time.
“It’s possible to extend the lifespan of the 2024 budget to ensure that ongoing critical projects receive the desired attention and are completed.”Also speaking, an APC lawmaker from Imo State, Chike Okafor, said the loan request by the President was in order.
He said, “Our country in the past years suffered from under-investment in the very critical sectors that stimulate the economy. How much of our resources go to funding/financing infrastructure in such critical things like roads, health, education, and agriculture? Any economy that fails to sustain good investment in the above critical sections of the economy is creating short and long-term deficits in those areas.
“What do you do if/when your current revenue and receipts are inadequate to fund the necessary and required investments necessary to sustain the stimulation of your commerce and economy? You resort to borrowing, especially if/when you reserve the capacity to do so.”
He added, “What I do not support is borrowing to fund ordinary appetite. By this, I mean borrowing just to fund recurrent expenditures. Once a borrowing is geared towards the funding of critical capital items, then we’re moving in the right direction.”
Minority caucus warns
Meanwhile, the minority caucus of the House of Representatives has warned that the provision for deficit financing in the 2024 budget is not automatic, adding that borrowing should be the last option rather than the first resort.
Leader of Minority Caucus in the House, Kingsley Chinda, said, “We no doubt provided for the executive to borrow in the 2024 budget, but it’s not automatic. Borrowing should not be the first resort. It should be the last option, particularly when borrowing with interest.”
Chinda, who represents Obio/Akpor Federal Constituency of Rivers State, added that in activating the loan option, some questions need to be asked.
“What did we get as income, and how was it applied that we required borrowing? What efforts have we made to raise funds without borrowing and what are the results? Is the borrowing very necessary?”
He added, “What are the specific projects you intend to fund with the money? What are your repayment plans? This information must be cogent and verifiable.”
The Peoples Democratic Party lawmaker noted that “it is only when these questions are answered positively that we can consider the loan,” or else, “The loan will be an additional burden on the government, and the people of Nigeria and should be avoided as a fish should avoid a bait.”
On his part, the Chairman of the Public Accounts Committee, Bamidele Salam, gave a condition to support the loan approval.
“I personally think that the best approach is to scrutinise the loan request. I will only support it if the loan terms are favourable and only if the money will be spent on urgent critical infrastructure for which funding cannot be sourced elsewhere,” he said.
Debt profile worrisome
On his part, a Labour Party federal lawmaker from Anambra State, Afam Oghene, also expressed worry over the nation’s growing debt profile.
He told The PUNCH, “Many Nigerians are worried about the Presidency’s repeated requests for loan approvals, as well as the country’s growing loan profile. The concern is not just about the loans themselves, but also about the transparency and integrity of how the funds are being deployed and the projects they are attached to.”
Oghene, who represents Ogbaru Federal Constituency of Anambra State, stated, “As of June 30, 2024, Nigeria’s total public debt stock stood at N87.38tn ($113.42bn). This is a significant increase from previous years, and it is understandable that many Nigerians are uneasy about the trend.”
He added that the opposition would continue to ask relevant questions in relation to the demands for good governance.
By Okey Maduforo, Awka
The All Progressives Grand Alliance (APGA) has dismissed reports that aggrieved aspirants who lost the party’s primary elections are plotting to work against its candidates in the 2027 general elections.
Following the conclusion of the party’s primaries a few weeks ago, reports had alleged that some unsuccessful aspirants were considering supporting candidates of other political parties in protest, with the aim of undermining APGA’s chances at the polls.
However, APGA National Publicity Secretary, Mazi Ejimofor Opara, described the claims as false, insisting that the party remains united after a reconciliation meeting convened by Governor Charles Soludo.
“I am hearing this from you. As a party, we have not received any report of such a plot. Let me state clearly that all the aspirants have resolved to work for the success of the party in the 2027 general elections,” Opara said.
He explained that during the meeting held at the Light House in Awka, aspirants and candidates openly discussed issues arising from the primaries, stressing that none of the participants accused the party of conducting an unfair or non-transparent process.
“Everyone expressed their views about the primary elections. No one alleged that the process lacked transparency. The only concern expressed was that each aspirant had hoped to emerge victorious.
“At the end of the meeting, every misunderstanding, anxiety and misgiving surrounding the primaries was resolved, and the party remains one united family,” he added.
Opara also warned opposition parties against what he described as deliberate attempts to spread falsehoods and create disaffection within APGA.
He cautioned individuals engaging in cyberbullying and name-dropping for political purposes to desist, warning that the party would not hesitate to pursue legal action against anyone found defaming its members.
“This is nothing but cheap blackmail by the opposition. They should be mindful of the legal consequences of cyberbullying and name-dropping. We urge our party faithful and the general public to disregard these spurious reports,” he said.
This version improves grammar, flow, attribution, and readability while preserving the substance of the original report.
Former Minister Uche Nnaji
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured a court order permitting it to detain former Minister of Science, Technology and Innovation, Geoffrey Uchechukwu Nnaji, for an initial 14 days as investigations into alleged certificate forgery continue.
The remand order followed Nnaji’s arrest on Wednesday at the Nnamdi Azikiwe International Airport, Abuja, shortly after he arrived from Enugu aboard a chartered flight.
According to an official of the anti-graft agency, the court-approved remand will enable investigators to interrogate the former minister over the allegations, with the possibility of seeking an extension should further investigation require additional time.
Nnaji was apprehended following the execution of a bench warrant earlier issued by the Federal High Court after he allegedly failed to honour several invitations extended by the commission.
The ICPC subsequently confirmed the arrest in an official statement signed by its spokesperson, John Odey, stating that the former minister is in the commission’s custody as investigations continue into allegations bordering on the forgery of academic credentials and a National Youth Service Corps (NYSC) discharge certificate allegedly submitted during his ministerial screening process.
By Okey Maduforo Awka
Despite the Federal High Court pronouncement against the leadership of the All Progressives Congress (APC ) in Anambra state, the National Working Committee( NWC) of the party has issued nomination forms to candidates of the National and state Assemblies of the party .
Recall that the Federal High Court Abuja had ruled that Sen Emma Anosike is not the Chairman of the party; a judgement that is unsettling party in the area which the plaintiffs denied knowledge of the suit insisting that it is a kangaroo pronouncement.
The affected state executive members, Bright Osemeka, Mrs Ify Chinwoko Nzekwe and Amaechi Chinweze had contended that they never filed any action challenging the leadership of Sen Emma Anosike adding that they remain loyal to the Anosike led executive.
According to the Deputy National Organizing Secretary of the party Mr Emeka Okafor ;
“The Federal High Court pronounent did not mention the nominated candidates of the party for the National and state Assembly elections and we have issued nomination forms to the candidates”
“Again the matter neither joined the nominated candidates nor had any legal position on the primary elections of the party in Anambra state hence the nominated candidates remain our candidates for Anambra state ” he said.
Recall that Sen Emma Anosike as at the period of the primary elections was the Chairman of the party an exercise that was adjudged peaceful and transparent by the National Working Committee of the party and the Election Committee sent to the state by the Leadership of the party in Abuja .
Similarly, the expelled members of the party did not take part in the election following the suit filed by them against the party in Anambra state.
They were suspended by the party because the party found out that they did not explore the laid down avenues of conflict or dispute resolutions before heading to the Court which the party stated that it is against the constitution of the party which also stipulates outright expulsion.
Meanwhile it is not clear if the said Chairman of the party who the Court endorsed has taken over the party Secretarate in Awka , nor has he convened any meeting of the party; a development that has deepened the unsettled state of affairs of the party .
It is however gathered that sustained legal battle is on in Abuja over the said judgement as the crisis lasts .
By Okey Maduforo Awka
Structures belonging the trio of People’s Democratic Party PDP, All Progressives Congress APC and Nigeria Democratic Congress NDC have been collapsed into the candidacy of Chief Chukwudi Oli of All Progressives Grand Alliance (APGA) for Dunukofia – Njikoka -Ananocha Federal Constituency.
The development followed the adoption of his candidacy by a group made up of members of the Peoples Democratic Party (PDP), All Progressives Congress (APC), and, Nigeria Democratic Congress (NDC) in Njikoka LGA, which is part of federal constituency.
Members of the group declared their support for Oli during a consultative meeting they held with the APGA House of Representatives candidate’s campaign organisation held at Abagana yesterday.
Members of the campaign organisation which is headed by a former chairman of Njikoka LGA as the Director-general (DG), Hon. George Ozor present at the meeting received the three structures into the fold of the organization.
In their separate speeches on behalf of members of the group, the leader, Ozo Ejiamatu, and , chairman, Mr. Onyenechi Ezeaso stated that they decided to throw their support behind Oli because of his proven passion and commitment toward the progress of the various communities within the federal constituency, and, humanity at large.
”In this our group, some of us are members of the PDP, APC, NDC, and, other political parties.
”But we decided to come together, to support you because we are convinced that by supporting you, we are working for ourselves because we know that you are going to work for the progress of DNA (Dunukofia/Njikoka/ Anaocha federal constituency) when you get to the House of Representatives.
”We don’t want to allow selfish politicians who have been deceiving our people to win election in this federal constituency, again, because they have deceived us enough “, Ejiamatu stated further.
Also, in his speech, Ezeaso made it clear that the group was not an APGA political group, adding that the support of the members for the party’s House of Representatives candidate in the federal constituency did not mean that the members of his group have adopted all APGA candidates.
Expressing gratitude to members of the group for trusting him, Oli pledged that he would not disappoint them if elected.
He said that his political mantra was anchored on “accountability, transparency, togetherness, and, touching lives”.
He vowed that if elected into the House of Representatives he would not use his position to pursue personal gains, but, would deploy his capacity and influence to the development of the federal constituency while awaiting for the divine reward.Stating that he would be guided by the philosophy of his mentor, the state-born popular oil mongul and philanthropist, Prince Arthur Eze, Oli pledged that when elected the ordinary people in the federal constituency would breath fresh air, and, life made worth living for them.
Chairman of the campaign organisation, Chief Ozor, and, chairman of APGA in Njikoka LGA, Hon. Chinedu Anakwe eulogised members of the group for the confidence they reposed in Oli.
”We know that this federal constituency election will be one of the toughest elections in Anambra state, but, because we know the capacity of your leader, Ozo Ejiamatu, and, some of you we have no doubt that the fight has been made a lot easier and our victory assured”, Ozor stated.
The APGA chairman in Njikoka described the support of members of the group as a source of great courage, and, moral boost for the party and the House of Representatives candidate, and, indeed, other candidates of the party in the area, including for the senate , Hon Dozie Nwankwo.
Videos circulating on social media showed demonstrators chanting slogans while calling for a review of the party’s decision, although the authenticity and context of the footage could not immediately be independently verified.
Political observers said the protest exposed growing tensions between rival blocs within the state chapter of the APC, with disagreements centring on the selection of candidates and the influence of senior party figures.State & Local Government
While some party members alleged that Dr. Osamaye sympathised with the protesters, others insisted there was no evidence that she organised or officially endorsed the demonstration. The commissioner did not immediately respond to requests for comment.
A source in the governor’s camp reiterated Gov. Aiyedatiwa’s administration’s commitment to party discipline, saying all public office holders were expected to support decisions reached through established party structures.
“We remain committed to unity, discipline and due process. Anyone with concerns should utilise the internal mechanisms provided by the party rather than actions capable of creating public misunderstanding,” the source said.City & Local Guides
The APC’s state chapter also appealed for calm, urging members to avoid inflammatory rhetoric while internal consultations continued. Party officials maintained that disagreements over candidate selection should be resolved through dialogue and existing dispute-resolution mechanisms.
Political analysts noted that disputes over endorsements are common during election cycles, particularly where multiple aspirants command significant grassroots support. They warned that unresolved disagreements could undermine party cohesion and distract from preparations for the general election.Government
Although the immediate political consequences remain uncertain, observers said the episode illustrates the delicate balance party leaders must strike between enforcing discipline and accommodating internal dissent. Whether the disagreement develops into a broader political crisis is likely to depend on the outcome of ongoing consultations among key stakeholders in the party.State & Local Government.
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