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Government

MINA Blog- The Federal Government of Nigeria has announced Sept. 30, as new date for the Nigeria at 60 Jubilee Special Award ceremony.

 

Otunba Adeniyi Adebayo, the Minister of Industry, Trade and Investment in a statement  issued by  his  Special Assistant on Media, Mr Ifedayo Sayo, on Monday in Abuja said the ceremony will be held at the Presidential Banquet Hall, Aso Villa.

 

The Award was scheduled earlier to hold on Sept. 3, but was postponed by the committee charged with the planning of the ceremony.

 

Adebayo, who is the Chairman of the award committee, said that 60 notable Nigerians who contributed immensely to the growth of the country would be honored.

 

The special award ceremony was put together by the Ownership Subcommittee of the Nigeria@60 Committee in collaboration with ‘Say It Loud Limited’, a media and digital communication firm.

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Finance, Government

The Senate has received a formal request from President Muhammadu Buhari to consider and approve an external loan to fund projects captured under the 2018-2021 borrowing plan.

 

The letter dated 24th August, 2021 was read during plenary by the Senate President, Ahmad Lawan.

 

Buhari in the letter explained that the projects listed in the 2018-2021 Federal Government Borrowing Plan are to be financed through sovereign loans from the World Bank, French Development Agency (AFD), China-Exim Bank, International Fund for Agricultural Development (IFAD), Credit Suisse Group and Standard Chatered/China Export and Credit (SINOSURE) in the total sum of USD4,054,476,863.00; Euro 710,000,000.00 and Grant Component of USD125,000,000.00.

 

He explained that the amount would be used to fund Federal and States Government projects cut across key sectors such as Infrastructure, Health, Agriculture and Food Security, Energy, Education and Human Capital Development and COVID-19 Response efforts.

 

According to the President, the projects which are spread across the six geo-political zones of the country would bring about employment generation and poverty reduction, as well as protection of the most vulnerable and very poor segments of the Nigerian society.

 

The letter reads: “I write in respect of the above subject and to submit the attached addendum to the proposed 2018-2021 Federal Government External Borrowing (Rolling) Plan for the consideration and concurrent approval of the Senate for same to become effective.

 

“The Senate President may wish to recall that I earlier transmitted a request on the proposed 2018-2020 Federal Government External Borrowing Plan for the concurrent approval of the Senate in May, 2021.

 

“However, in view of other emerging needs and to ensure that all critical projects approved by FEC as at June 2021 are incorporated, I hereby forward and addendum to the proposed Borrowing Plan.

 

“The Projects listed in the addendum to the 2018-2021 Federal Government External Borrowing Plan are to be financed through sovereign loans from the World Bank, French Development Agency (AFD), China-Exim Bank, International Fund for Agricultural Development (IFAD), Credit Suisse Group and Standard Chatered/China Export and Credit (SINOSURE) in the total sum of USD4,054,476,863.00; Euro 710,000,000.00 and Grant Component of USD125,000,000.00.

 

“The Senate is kindly invited to note that the projects and programmes in the Borrowing Plan were selected based on positive, technical and economic evaluations and the contribution they would make to the socio-economic development of the country including employment generation and poverty reduction as well as protection of the most vulnerable and very poor segments of the Nigerian society.

 

“The Senate may also wish to note that all the listed projects in the addendum form part of the 2018-2021 External Borrowing Plan and cover both the Federal and States Government projects and are geared towards the realization of the Nigeria Economic Sustainability Plan that cut across key sectors such as Infrastructure, Health, Agriculture and Food Security, Energy, Education and Human Capital Development and COVID-19 Response efforts.

 

“A summary of some key projects in each of the six geo-political zones and a summary on the expected impacts on the socio-economic development of each of the six (6) geo-political zones are attached herewith as Annex II and III.

 

“Given the importance attached to the timely delivery of the projects listed in the proposed Borrowing Plan and the benefits both the Federal and State Governments stand to gain from the implementation of same, I hereby wish to request for the kind consideration and concurrent approval of the Senate for projects listed in the addendum to the 2018-2021 Federal Government External Borrowing Plan to enable the projects become effective.”

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Government

Governor Babajide Sanwo-Olu has won an endorsement for the way he has positioned Lagos State on the path of growth, despite the State being hit by inadvertent crises in the past year. The validation came from the Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila, who extolled the competence and leadership style of the Governor.

 

In an interview aired on Channels TV on Tuesday, Gbajabiamila said Sanwo-Olu has been doing “good job” in governing Lagos, stressing that the Governor must not be distracted on the assignment.

 

The lawmaker representing Surulere 1 Federal Constituency in the green chamber of the National Assembly mulled the idea that Sanwo-Olu be allowed to renew his mandate in the next general election, pointing that the Governor’s performance in the last two years has surpassed expectations.

 

Gbajabiamila said: “The present Governor of Lagos State (Sanwo-Olu) is doing a good job. The fact that we had a one-term Governor at one time doesn’t mean it is going to be the same forever. This Governor is doing a good job under the current circumstances. It’s been a difficult time in his last two years and he has come out well. So, why should anyone upset the apple cart? I think he (Sanwo-Olu) is doing a good job.”

 

The Speaker also cleared the air on his rumoured ambition to contest for the Lagos’ governorship seat in 2023, saying he had “no immediate plan” to contest. He said the task before him as Number 4 citizen in the country was enormous and tough enough for him to be distracted by the rumour.

 

Asked if he is nursing a governorship ambition, Gbajabiamila said: “That (question) provokes a smile. No, I don’t have any such plan and I don’t have immediate plan. I have a job I am doing right now; it’s a very tough job. Sometimes, it’s the most difficult job and I say it to people in the world. People don’t understand that, but this is not a forum I’m going to break it down.

 

 “I don’t want distractions. I am working as a Speaker of the House of Representatives with a lot of responsibilities on my shoulder right now. Any other thing would be a distraction. As for Lagos State Governorship? I have not even thought about it. Why? Because, the present Governor is doing a good job.”

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Energy

Lagos State Government, through its Ministry of Energy and Mineral Resources, on Tuesday signed a Memoranda of Agreement (MOA) with Ikeja Electric and Sahara Power Group to increase power supply and provide uninterrupted power to residents of the State.

 

The agreement between Lagos State Government and the energy firms signed will also include distribution of free prepaid meters to low income areas, with the pilot phase of 20,000 meters to be distributed in Alimosho Local Government Area of the State.

 

Speaking during the signing of the agreement at the Lagos State Secretariat, Alausa, the Commissioner for Energy and Mineral Resources, Mr. Olalere Odusote, said the aim of the agreement is to increase power supply to at least 22 hours daily, from about eight to 12 hours daily.

 

The Commissioner said the implementation would start immediately, adding that Lagos State Government has identified a number of feeders that can provide power in 20,000 low income areas with plans to replicate the initiative across the state.

 

He said: “This Memoranda of Agreement is to ensure the provision of uninterrupted power to residents, especially the low income areas. It is also part of efforts to solve the problem of metering and infrastructure deficit to ensure these areas get power supply which is also measurable.

 

“The 20,000 meters have been procured by the state government and would be distributed free to low income areas in Alimosho Local Government Area as the pilot phase. Our intention is to replicate this gesture in other areas of the state once the pilot phase is successfully executed.

 

“We have identified a number of feeders that can provide power in these communities and implementation would start immediately.”

Also speaking, the Managing Director of Ikeja Electricity Distribution Company (IKEDC), Folake Soetan expressed the firm’s readiness to support Lagos State Government in ensuring uninterrupted power supply to residents of the State.

 

In his address, the Managing Director of Sahara Power Group, Anthony Youdeowei, said his company will be transparent in its dealings with the Lagos State Government and Ikeja Electric to provide power supply for Lagosians.

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Energy

MINA Blog- The Federal Government of Nigeria is set to intervene in the 40 Mega Watts (MW) Dadinkowa Power project in Gombe State, the Minister of Power, Mr Abubakar Aliyu has assured.

 

Mr Austin Asoluka, the Deputy Director, Press, Ministry of Power in a statement in Abuja said this when the Gov. Muhammadu Yahaya of Gombe State paid him a courtesy visit in his office.

 

The minister said that he would study relevant papers pertaining to the power project and make appropriate recommendation for its completion.

 

The minister appreciated the governor for taking his time off to congratulate him on his elevation.

 

“From Minister of State, Works and Housing, to substantive Minister of Power,” Aliyu said, describing the visit as brotherly and friendly.

 

Yahaya had earlier said he was in Abuja to congratulate his brother

 

on his new appointment as a minister of power.

 

 He added that it was an opportunity to also brief the minister on the position of the 40MW Dadinkowa Power Project.

 

“And other hydropower projects in Gombe State that needed federal government intervention,” the governor said.

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