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FEC Approves $618m Loan For Fighter Jets, Ammunition

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The Federal Executive Council has approved a loan of about $618m from a group of financiers for the procurement of six fighter aircraft and ammunition for the Nigerian Air Force.

This was disclosed by the Minister of Information and National Orientation, Mohammed Idris, in Abuja, on Wednesday, following the conclusion of the FEC meeting presided over by President Bola Tinubu, reports Voice of Nigeria.

Also on Wednesday, the FEC approved N740bn for the Berger stretch of the Abuja-Kano route, among other high-profile road projects, according to The PUNCH.

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Idris, who stood in for the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said, “From the Honorable Minister of Finance, who is away on official duty in the United States, I’m going to let you know what those FEC approvals are.

READ ALSO: 26-year-old Overseas-bound Man Dies During ‘Success’ Ritual

“The first one is that there have been approvals for some contracts, about seven of them for the Nigerian Customs Service.

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“The next one is that there’s an approval for an agreement for the elimination of double taxation with respect to taxes on income and prevention of tax evasion and avoidance between the Federal Republic of Nigeria and the Hong Kong Special Administrative Region of the People’s Republic of China.

“The third one is an approval to obtain a credit facility of 443,330,781.49 euros and another $141m from a group of financiers for the procurement of six units of M346 fighter aircraft and ammunition for the Nigerian Air Force.

“And the last one from the Federal Ministry of Finance is the approval for signing of an agreement for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance between the Federal Republic of Nigeria and the Republic of Botswana.”

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READ ALSO: How Nigeria Became Burial Ground Of Policies —Obasanjo Laments

Earlier in October, the Air Force said it was acquiring 24 M-346 combat jets and 10 AW109 Trekker helicopters as part of a fleet renewal strategy.

The first three M-346 jets are expected to be delivered by early 2025, with subsequent deliveries running until mid-2026.

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At the press briefing, it was also revealed that the FEC had approved the establishment of the Creative Economy Fund to ensure the deepening of the sector.

Minister of Arts, Culture, Tourism and Creative Economy, Hannatu Musawa, told State House correspondents that the council approved the establishment of the fund.

“FEC gave approval for the creation of a Creative Economy Development Fund.

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READ ALSO: Edo: APC Protests Composition Of Okpebholo’s Transition C’ttee

“This is a special purpose vehicle that will allow members within the creative economy to have access to funding and use their IP as collateral in terms of monetisation.

“We identified very early on that the very basic structures in order for us to really tap into the potential of the creative economy were missing.

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“So, we got to work in putting up those structures. IP policy is one of those very basic structures that was missing. We are working together with the Ministry of Industry, Trade and Investment and with the Ministry of Justice to ensure that we deliver IP policy, hopefully within the maximum, at the very last phase, within the next two weeks.

“This is a special purpose vehicle that will give them funding that will be able to allow us to leverage funding that we’re getting. We already have a commitment, for example, from Afreximbank that has committed to giving us $200m and a number of other sources.

“So, this is a special purpose vehicle that will allow us to give this funding to members within the community. And hopefully, we’ll be able to tap into the potential and reach our targets of economic expansion, creative expansion, cultural expansion and of course job creation, specifically for a younger demographic,” the minister added.

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Bandits Abduct Kebbi Deputy Speaker

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The Deputy Speaker of the Kebbi State House of Assembly, Samaila Bambu, has reportedly been abducted by bandits suspected to be Lakurawa terrorists.

According to a resident familiar with the incident, Bambu was abducted on Friday evening in his hometown, Bagudo, in Bagudu Local Government Area of the state.

Confirming the incident, the Chief Press Secretary to the Governor, Ahmed Idris, said he had just received the information when contacted by The PUNCH.

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He added that he would provide full details once he received a briefing from the state’s Director of Security.

“Yes, I just got the information about the alleged abduction of the Deputy Speaker in his hometown this evening. I am in touch with the Director of Security in the state.

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Once I get the details of what transpired, I will alert you very soon on the government’s position,” Idris said.

“I can assure you that the state government is on top of the situation and will ensure he is released safely.”

 

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JAMB Flags 2,658 Admissions As Illegal

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The Joint Admissions and Matriculation Board has flagged a total of 2,658 admissions conducted during the 2024/2025 academic session as illegal.

The illegal admissions were flagged from a total of 17 universities, polytechnics, and colleges of education, according to a breakdown of institutional analysis conducted by the board, which was obtained by our correspondent on Friday in Abuja.

This is as public universities ended the admission processes for the 2025/2026 academic session on Friday.

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READ ALSO:Reps Summon JAMB Registrar After Officials’ Walkout

According to the data, the affected institutions with illegal admissions are: Abubakar Tafawa Balewa University (1,847); Osun State University (492); Abubakar Tafari Ali Polytechnic (148); Federal College of Animal and Health Production (66); University of Calabar (28); College of Education, Oro (12); Michael and Cecilia Ibru University (12); Redeemer’s University (five); Pan-Atlantic University (five); Nigerian Army College of Education (two); Kwara State Polytechnic (one); and Best Solution Polytechnic (one), among others.

JAMB categorises admissions conducted outside its Central Admissions Processing System, popularly known as CAPS, as illegal.

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Over the years, the board has issued directives to institutions and candidates on the dangers of issuing and accepting admissions outside CAPS.

READ ALSO:5 Nigerian Universities That Don’t Require JAMB UTME For Admission

During the 2025 policy meeting organised by the board, the Minister of Education, Dr Tunji Alausa, warned that severe sanctions, including withdrawal of assets and punishment of officials, would be meted out to institutions involved in illegal admission racketeering.

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CAPS, introduced in 2017, is being implemented to ensure transparency, fairness, and merit-based admissions, according to JAMB.

Candidates can track admission offers, accept or reject admissions, and verify their statuses.

Students who accept admissions outside CAPS risk ineligibility for the mandatory National Youth Service Scheme.

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Gombe Wins Northeast Quiz Competition On Legislature, Democracy

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Gombe State has emerged as the winner at the 2025 North East Zonal Quiz Competition on legislature and democracy organised by the National Institute for Legislative and Democratic Studies (NILDS) for senior secondary schools across Northeast on Friday.

Speaking before the commencement of the 2025 edition of the zonal debate which focuses on the legislature, democracy and governance, the Director-General of NILDS, Prof. Abubakar Sulaiman, said the exercise was to deepen the knowledge of legislative and democratic governance among secondary school students and youth.

According to him, it was also to broaden their knowledge on the history, practice and procedure of the legislature and encourage deeper understanding of civic and democratic governance.

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The competition, he added, would stimulate the interest of the young students in politics and make them more proactive in matters relating to the legislature and democracy.

READ ALSO: Bauchi: Auto Crash Claimed 432, Injured 2,070 Persons In 1 Months — FRSC

He explained that enhancing the knowledge of young Nigerians in the legislature would not only foster an inclusive and participatory legislature in Nigeria but would also serve as an avenue for citizen engagement in the legislative process.

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Represented by Mr Jeremiah Agada, NILDS Northeast Zonal Quiz Coordinator, Sulaiman added that the quiz competition would take place in all the six geo-political zones and the Federal Capital Territory (FCT).

“It is also to inspire young Nigerians to cultivate the interest to participate in legislative governance.

“This 10th edition of the competition is therefore the fourth time the competition has been held at the national level.

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READ ALSO:Bauchi Board Laments Low Teacher Turnouts In Training Exercise

“As the 2025 NILDS Zonal quiz competition is declared open, I therefore urge all competing students and their teachers to abide by the rules of the game so that the desired objectives of the competition are achieved,” he said.

Also speaking, the Bauchi State’s Commissioner for Education, Dr Muhammed Lawal, said the exercise was a welcome development in the circle of education, adding that it was a ground where students in the zone could be tested among other students in the country.

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“This will enable us to improve the quality of our delivery in our various schools to our teeming students across the zone.

“I want them to take it upon themselves that in an engagement like this, there is no loser. You put in your best, and if at the end of the day, you don’t make it up to the top, your efforts will be crowned.

READ ALSO:AGILE Leads 200 Girls On Road Walk To Create Awareness In Bauchi

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“I hope this will be well covered because it will stimulate other schools to be part of and perform better so that they can come up to this level as well,” he said.

Mohammed appreciated the commitment of teachers and moderators who coached the students to fully participate in the competition and reaffirmed the government’s commitment to revamping the education sector under Gov. Bala Mohammad’s leadership.

Announcing the winner of the competition, the Quiz Master Mr. Lucky Tongs, announced Gombe State as the overall winner of the debate with 75 points

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He also announced Taraba State as the first runner up with 55 points and Yobe State as the third position with 50 points, adding that the winner is expected to represent the Northeast sub-region at the National competition in Abuja.

Other states that participated in the competition included Adamawa and Bauchi.

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