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FG Okays $3.45bn W’Bank Loan Application For Power, Others

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The Federal Executive Council on Monday approved the application for a $3.45bn loan to finance five items.

They include projects in the power sector, renewable energy, states’ resource mobilisation programme, adolescent girls’ initiative for learning and empowerment and a women’s empowerment project.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, told State House Correspondents that the FG would proceed to receive the $3.5bn “zero-interest” loan payable within 40 years with a 10-year moratorium, meaning payments would begin from 2033.

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Edun explained, “Today at the Federal Executive Council, I presented five memos which were gracefully approved by the Council. They had to do with concessional and, in many cases, zero-interest financing by the World Bank and the International Development Association, which is the very concessional financing arm.

“The projects that were approved for funding were in the power sector and then the renewable energy sector. There was funding for states for resource mobilisation programmes to help them with the internally-generated revenue efforts.

“There was a project for adolescent girls’ initiative for learning and empowerment. And then finally the fifth financing that was approved was for Women project.”

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The Finance Minister explained that the girls’ programme worth $700m would support young girls within secondary school age to equip them with marketable skills in addition to their academic achievements.

READ ALSO: Tough Economy: Schools Now Accept Payments In Esusu Style

Putting a figure to the project, Edun said, “$700m is the size of the current project.

“So those were five loans totalling $3.45bn. And as you know, the tenure is all around 40 years, with a moratorium period of around 10 years and interest very low, or in the cases of either loans, zero interest. However, some fees would be incurred.”

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Explaining further, the Minister of Education, Dr Tahir Mamman, said the girls’ programme, which initially began in seven states, was expanded across 11.

Mamman said, “Initially, from seven participating states, we will now have about 11 additional states participating in this project, which will lead to the empowerment of girls between 10 to 20 right across the participating states.

“This is a very major escalation of this programme that is meant to empower our girls, our teachers and the provision for additional schools in the country.”

He added that the programmes were in line with the Tinubu administration’s agenda to reduce, “if not eliminated altogether,” the number of out-of-school girls and children generally.

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The Federal Executive Council also approved the setting up of the Humanitarian and Poverty Alleviation Fund with the hope of raising the sum of $5bn annually for emergency responses to humanitarian crises.

The minister of humanitarian affairs and poverty alleviation, Dr. Betta Edu, disclosed this. Edu said the money would be raised from the government, contributions from development partners, private sectors, and individuals, among others.

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Shettima Launches NEDC’s School Enrollment Drive Programme

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Vice President Kashim Shettima has launched the Accelerated Senior Secondary School Education Programme (ASSEP) initiated by the North-East Development Commission (NEDC) in collaboration with the office of the VP to enhance child enrollment drive in schools within the North-East sub-region.

Speaking during the launching of the programme in Bauchi on Saturday, the VP said that consequences of the nation’s action and inaction were evident in all indices used to assess development.

He said while primary education provides a foundation, secondary education is a bridge, adding that the Northeast sub-region has been the victim of inability to enforce a uniform policy to drive school and the persistent cultural perversion to formal education in the country.

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READ ALSO: Excitement, Dance As ‘Looted Ancestral Stools’ Return To Oba Of Benin

We in the Northeast occupy a quantum of position in ranking of essential services. Education being a key sector of this country, this is especially pronounced in the post primary education, while the Northeast secondary school enrollment drive stands at 19 percent, far below the nation’s 39 percent,” he said.

Earlier, the Managing Director of NEDC, Mohammed Alkali, said that the primary education completion level of 85 per cent in the Northeast is among the best in Nigeria, but secondary school enrolment is a mere 15 per cent, the second worst nationally.

According to him, due to the challenges in the post-primary education segment, JAMB UTME applications and admissions into tertiary institutions in 2019 were the lowest for the Northeast compared to other regions.

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He added that, nationally, the Northeast has the lowest number of teachers and the highest percentage 55 per cent of those available are without literacy skills.

The MD also revealed that the challenges in the post-primary education segment include weak quality indices and a wide demand-supply gap driven by economic and cultural factors.

“The Accelerated Senior Secondary Education Programme seeks to boost the post primary education rating across the North East region through improved enrolment into tertiary institutions.

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“It’s also to improve skills development as well as the elevation of teacher quality. It would pay special focus on Science, Technology, Engineering, Mathematics and communication.

READ ALSO: JUST IN: Tinubu Appoints Governing Board Members For 111 Tertiary Institutions

“These would foster creativity and critical thinking; motivates and inspires young people to generate new technologies and ideas to learn from inquiry-based tasks,” he said.

Alkali also explained that the programme would also raise awareness about after-school possibilities and the potential for diligent students to become successful and prominent contributors to the North East region and Nigeria at large.

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He expressed gratitude to the Federal Government especially, the Vice President for the deep interest and commitment to human development in the North-East.

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Edo Police Break Silence On Operatives Fighting Dirty In Viral Video

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By Joseph Ebi Kanjo 

The Edo State Police Command says a trending video showing two operatives of the command engaging in a fight is a handiwork of mischief makers.

In the video which has gone viral on the internet, two policemen are seen fighting themselves, while a voice commentary in the background claims they are from the Igueben Decisional Police Station headquarters in the state.

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A writeup also attached to a version of the video sighted by Info Daily also claims that the policemen were fighting because of sharing formula of money collected from motorists on the highway. The writeup also claims that the incident happened yesterday, May 17th, 2024.

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But reacting to the viral video in a statement issued by SP Chidi Nwabuzor, Police Public Relations Officer, the command said contrary to the claim, the incident happened in 2020, adding that disciplinary measures were taken against the erring policemen.

The statement which issued electronically to newsmen in Benin on Saturday evening partly reads: “Edo State Police Command wishes to inform the general public that it’s aware of a video trending on the internet showing two policemen that engaged themselves in a fight in public spaces and wishes to state as follows that;

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“The now trending video happened in April 2020 in a community called Ebelle in the Igueben local government area of Edo State.

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“The two erring policemen, namely; (i) F/NO.491112 CPL Ozimeade Aidonojie and (ii) F/NO. 516384 PC Salubi Stephen were attached to Ebelle Police Divisional Headquarters.

“They defaulted, tried in an orderly and upon conviction dismissed from the Force for the offence of discreditable conduct contrary to Paragraph ‘E’ Sub Section 111 of the Police Act and Regulations 370 Cap. P19 of Federation of Nigeria 2004.”

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Nwabuzor in the statement reiterated the state Commissioner of Police, Funsho Adegboye, commitment to “making Edo State a desired secured state where the law abiding citizens and the general public go about their lawful businesses in making Edo State economic hubs of Nigeria without fear or intimidation.”

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Excitement, Dance As ‘Looted Ancestral Stools’ Return To Oba Of Benin

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It was a moment of joy, excitement and dance at the palace of the Oba of Benin as the revered monarch, Oba Ewuare II took custody of two looted royal stools from the German government.

They were handed over to the National Commission for Museums and Monuments, NCMM on behalf of the Nigerian government by the German authorities in 2022.

The Director-General of
National Commission for Museums and Monuments, Mr Olugbile Holloway made the presentation on behalf of the Federal Government on Saturday May18, 2024 in Oba of Benin Palace, Benin City.

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According to history, the artefacts — Bronze and wooden Royal stools (Ekete), made during the reign of Oba Eresoyen and Oba Esigie several Centuries ago, were looted from Oba Palace during the punitive expedition in 1897.

READ ALSO: Over 100 Priests, Palace Chiefs Storm Court For Oba Of Benin In Solidarity 

Addressing the Benin Throne during the presentation of the artefacts, Mr Holloway, pledged on behalf of NCMM, to work-hand-in hand with the Benin Royal Court in uplifting and displaying Edo heritage.

He revealed that as the Benin Bronzes and other art works are gradually making their way home (Nigeria), “NCMM will join hands with the Royal Court to create a befitting destination for people around the world to come and appreciate these works”.

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“What you see before us were originally taken away from the Royal family in 1897.

“We have a stool made of Bronze and a wooden stool.

“I speak for every member of my team, to say that we remain loyal to the Royal Court. And if there is anything we can do, we will do to support this laudable initiative.

READ ALSO: Oba Of Benin Suspends Six Officials For Posing As Palace Emissaries To Ooni Of Ife

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“This heritage is not just Benin heritage, but Nigeria’s heritage.
When we speak of Benin heritage, there is nobody that doesn’t know the great works of ours.

“I appreciate you, we will always do what we can do with our powers to make His Royal Majesty lineage in memory”, he said.

After unveiling the repatriated Artefacts, Oba of Benin, who danced joyfully to Benin traditional rendition in dramatic dance steps, with excited Chiefs and members of the Royal family, offered prayers to Almighty God and his ancestors.

The traditional ruler, who was visibly overwhelmed with joy, appreciated the German government and the Federal Government and the NCMM leadership for their efforts.

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The royal father, thereafter, in a historic move, sat in one of the royal stools (Ekete), and personally presented a chunk of white, which, according to belief, symbolizes peace and blessings to the Director-General of National Commission for Museums and Monuments, Mr Olugbile Holloway.

Oba Ewuare II also prayed for Mr Holloway and his team, accompanied by the Curator, National Museum, Benin, Mr Mark Olaitan, Director, Legal Services, NCMM, Barrister Babatunde Adebiyi on the visit where Royal Drummers gave a good account of their stewardship.

 

 

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