Connect with us

News

Fuel Subsidy: ‘Suspend Disbursement Of $800m Loan To FG’, SERAP Tells World Bank

Published

on

Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr David Malpass to use his “good offices to suspend any disbursement of the $800m loan to the Federal Government and to request the incoming administration to provide satisfactory explanations for the loan.”

SERAP urges Mr Malpass and the World Bank “to reopen discussion on the reportedly approved $800m loan with the incoming administration to clarify the details on the rationale and use of the loan because the term of office of the government of President Muhammadu Buhari ends in May 2023.”

Advertisement

The Federal Government in April announced its plan to spend the $800 million loan as ‘part of its subsidy palliatives measures’. Also, last week, President Buhari requested the Senate’s approval for the World Bank loan. It is unclear whether the request to the Senate is for a fresh loan or the one announced in April.

In the letter dated 13 May 2023 and signed by SERAP deputy director Kolawole Oluwadare, the organization said: “The World Bank should comply with its own Articles of Agreement in disbursing any loans. The Bank should not sacrifice international standards in the rush to disburse the $800m loan to the government.”

READ ALSO: SERAP Files Contempt Suit Against FG Over Failure To Recover Double Pay From Ex-governors

Advertisement

SERAP said: “Suspending any disbursement of the loan to the government would reduce the risks and vulnerability to corruption and mismanagement.”

The letter, read in part: “SERAP is concerned that the government is seeking to spend the loan when it has barely two weeks to leave office and when the project objectives and intended purposes for which the loan is reportedly approved and will be disbursed remain unclear.”

“The government has not satisfactorily explained or justified the need for the loan at this time, especially given the lack of clarity on its use and the crippling debt burden, and the disproportionately negative impact of these retrogressive measures on poor Nigerians.”

Advertisement

“The World Bank cannot close its eyes to these important transparency, accountability and human rights issues.”

“The National Economic Council (NEC) on April 27 reportedly suspended the planned removal of subsidy on petroleum products by the end of the Buhari administration.”

READ ALSO: SERAP Sues Buhari Over Failure To ‘Reverse Unlawful Electricity Tariff Hike’

Advertisement

“We would consider the option of pursuing legal action should the World Bank refuse to suspend the disbursement of the loan to the Federal Government and to implement the other recommendations contained in this letter, and we may join the government in any such suit.”

“The crippling debt burden is a human rights issue because when the entire country is burdened by unsustainable debts, there will be little money left to ensure access of poor and vulnerable Nigerians to legally enforceable socio-economic rights.”

“There is also a lack of transparency and accountability in the spending of the loans so far obtained. The details of the projects on which approved loans are spent are often shrouded in secrecy.”

Advertisement

“The Bank has a responsibility to ensure that the Federal Government is transparent and accountable to Nigerians in any discussion to obtain loans, credits or grants from the bank and how it spends any approved loans, credits or grants.”

READ ALSO: Trust TV: SERAP Drags Buhari To Court Over N5m Fine

“The Bank’s power to provide loans is coupled with a fiduciary responsibility to ensure that the spending of such funds by the government meets international standards of transparency and accountability, including those entrenched in article 5 of the UN Convention against Corruption.”

Advertisement

“The World Bank should also seek transparency and accountability commitments if the incoming government decides to use the loan to implement the National Social Safety Net Programme (NASSP) because the spending on the programme has been mostly shrouded in secrecy.”

“Under the programme, the government reportedly plans to transfer the sum of N5,000 per month to 10.2 million poor and low income households for a period of six months.”

“SERAP encourages you and the World Bank to in any future engagements with the incoming government insist on accessing information on the spending by the government on the National Social Safety Net Programme (NASSP) since 2015 and the publication of the details of such spending.”

Advertisement

READ ALSO: NIN-SIM: SERAP Tackles FG Over Planned Blocking Of 72 Million Telephone Lines

“Under Article 1 of the World Bank Articles of Agreement, the stated purposes of the Bank include ‘to assist in the reconstruction and development’. The Bank is also to ‘be guided in all its decisions by the purposes.’”

“Under Article 3 section 4(vii) of the World Bank Articles of Agreement, loans made or guaranteed by the Bank ‘shall be for the purpose of specific projects of reconstruction or development.’  Also, under Article 3 section 5(b), the Bank ‘shall make arrangements to ensure that the proceeds of any loan are used only for the purposes for which the loan was granted.’”

Advertisement

“According to our information, the Federal Government of Nigeria recently secured a $800 million loan from the World Bank.”

“The government reportedly plans to spend the loan as part of its ‘subsidy palliatives measures’, and aims to target 50 million vulnerable Nigerians or 10 million households.”

“According to the Debt Management Office, Nigeria’s total public debt stock, including external and domestic debts, increased to N46.25 trillion or $103.11 billion in the fourth quarter of 2022.”

Advertisement

Advertisement
Comments

News

NAS Offers Free Medical Services To Over 800 Residents In Imo Community

Published

on

National Association of Seadogs (Pyrates Confraternity) has provided free medical services to more than 800 residents of the Orogwe community in the Owerri West Local Government Area of Imo State as part of the association’s humanitarian service.

The medical mission, held at the National Primary Healthcare Centre, was part of the association’s 49th National Konverge and Annual General Meeting in Owerri.

Advertisement

The event offered diagnosis, treatment, and essential medications to hundreds of community members, many of whom had been unable to access healthcare due to financial hardship.

NAS Cap’n, Dr Joseph Oteri, said the initiative was part of the confraternity’s broader vision to support vulnerable communities and bring healthcare directly to those most in need.

“This programme targets those who ordinarily cannot afford basic healthcare, especially treatment for non-communicable diseases,” Oteri said.

Advertisement

READ ALSO: Seadogs Champions Social Justice Through Inaugural Art Exhibition In Owerri

“Today, we attended to a child with a serious condition. Thankfully, we had a paediatrician on the ground who stabilised her and referred her to the Federal Medical Centre, Owerri. We’ve also identified a few cases that will require surgery, and we plan to support their hospital bills.”

He emphasised that NAS, formed in 1952 by seven young idealists including Imo-born Ralph Opara, has evolved into a formidable force for social advocacy, committed to humanitarian and civic interventions.

Advertisement

Dispelling common misconceptions about the association, Oteri said: “We are not a cult group. We exist to protect the downtrodden and drive positive societal change.”

The association’s Chief Programme Officer, Chief Bart Akelemor, echoed this commitment, stressing that the NAS legacy is one of access, equity, and community service.

“Our mission is to promote a just society where citizens can access resources such as healthcare, education, and employment,” Akelemor said.

Advertisement

READ ALSO: Seadogs Want FG Declares State Of Emergency On Kidnapping As Insecurity Worsens Nationwide

“With Nigeria’s growing population and the acute shortage of doctors and functioning medical facilities in rural areas, bringing this medical outreach to Orogwe is both timely and necessary.”

According to him, 41 volunteer doctors, drawn from across Nigeria and the diaspora, participated in the programme, attending to hundreds of patients with ailments ranging from malaria and hypertension to vision and dental issues.

Advertisement

One of the beneficiaries, Mrs Chizoba Igwe, who received treatment for malaria, described the initiative as a “life-saving intervention.”

With the way things are in the country now, I couldn’t afford hospital bills or medication,” she said.

“This free treatment is a big relief. Many people here share the same feeling.”

Advertisement

READ ALSO: Seadogs Pyrates Provide Free Medical Services To Benin Residents

Another resident, Mrs Mmesoma Njoku, received medicated glasses after undergoing an eye test.

“I’ve been struggling with my sight for a while, but couldn’t go to the hospital because of money. Today, I not only got tested, but they gave me glasses that now help me read tiny print. I am truly grateful,” she said.

Advertisement

NAS Medical Pyrate, Dr Chiazor Odoemene, confirmed that over 800 residents were treated during the outreach, with critical cases referred to public hospitals for further management.

Beyond healthcare, the association also launched an arts exhibition aimed at promoting awareness around good governance, security, poverty alleviation, and Nigeria’s path to a more prosperous future.

The medical outreach has been lauded as a meaningful complement to the efforts of the Imo State Government in improving healthcare access and delivery, particularly in underserved areas.

Advertisement

Continue Reading

News

2027: Otuaro Urges N’Delta Youth To Resist Politicians’ Ploy To Destabilise Region

Published

on

Dr. Dennis Otuaro

The Administrator of the Presidential Amnesty Programme, Dr Dennis Otuaro, has warned ex-agitators in the Niger Delta to resist being manipulated by desperate politicians plotting to destabilise peace in the Niger Delta, ahead of the 2027 general elections.

Speaking during the closing ceremony of a three-day strategic Leadership, Alternative Dispute Resolution, and Mediation training organised by the PAP in collaboration with the Nigerian Army Resource Centre, Abuja, Otuaro expressed concern over the recent rise in politically-charged rhetoric and some politicians’ coordinated attempt to pit ex-agitators and beneficiaries of the programme against the Federal Government.

Advertisement

In a statement signed by his Special Assistant on Media, Mr Igoniko Oduma, on Sunday, he added that such moves were “reckless and unnecessary,” especially in light of President Bola Tinubu’s demonstrable commitment to the region.

READ ALSO:Otuaro Lauds President Yar’Adua For Establishing Presidential Amnesty Programme

There is no basis for anyone to cause destabilisation. We can all see the commitment of His Excellency, President Bola Ahmed Tinubu, GCFR, and the National Security Adviser, Mallam Nuhu Ribadu, to the Presidential Amnesty Programme. Ex-agitators and beneficiaries in general should not be deceived and distracted by some politicians,” Otuaro told the ex-agitators and stakeholders.

Advertisement

He cautioned that any calls for confrontation or disaffection at this time were “not only misplaced but also harmful to the gains we have recorded,” urging stakeholders to focus on peace, stability, and progress in the region.

According to Otuaro, the Tinubu administration has backed its support with tangible action.

Be assured that nobody will do it better than President Tinubu. As Niger Delta people, we have to thank the President for his genuine love for the Presidential Amnesty Programme and our region as a whole.

Advertisement

READ ALSO:Group Urges Public To Disregard Reports Of Rift Between Otuaro And King Ateke

“The President has expanded the budget of the programme, allowing us to reach more beneficiaries and strengthen our reintegration and rehabilitation initiatives,” he stated.

He also pointed out that the inclusion of Niger Delta citizens in key federal positions was further evidence of Tinubu’s goodwill.

Advertisement

Furthermore, Niger Deltans have been appointed to strategic positions in key ministries and agencies. This level of inclusion is unprecedented and deserves acknowledgement. All we need to do is to be united for the President,” Otuaro declared.

The PAP boss, who presented certificates to participants of the training and later hosted them at a reception at the PAP headquarters, reiterated his commitment to sustaining peace and building human capital in the region.

He further called on traditional rulers, community leaders, and other stakeholders to keep sensitising the youth to reject political manipulation, stating that “Lasting progress can only be achieved through cooperation, not conflict.”

Advertisement

Continue Reading

News

Afenifere Hails UN For Declaring July 7 World Amotekun Day

Published

on

The Pan-Yoruba socio-political organisation, Afenifere, on Sunday, commended the United Nations following its declaration of July 7 of every year as “World Amotekun Day.”

Afenifere’s position was contained in a statement released by its national publicity secretary, Jare Ajayi, in Ibadan, the Oyo State capital.

Advertisement

It would be recalled that Amotekun’s formal recognition by the UN was made public last week by the President of the World Peace, Ambassador Peer Stafsen, while presenting the certificate of affiliation to the Commandant of the Ondo State Amotekun Corps, Adetunji Adeleye, in Akure, the state capital.

Represented by the Director of Information and Communications of the association, Ambassador Markwili Mgbara, Stafsen said the recognition was due to the activities of Amotekun corps in “promoting safety and protecting lives and property across Nigeria’s South-West region.”

The affiliation certificate was issued under the auspices of the United Nations Economic and Social Council and the International Association of World Peace Advocacy.

Advertisement

READ ALSO:Osun Amotekun Arrest Three Over ₦4.5m Steel Theft, Others For Burglary

Afenifere’s statement said the recognition of Amotekun by the UN was unprecedented in this part of the globe.

“Amotekun’s invitation to attend meetings of the body’s affiliates on security and human rights is a big morale booster.

Advertisement

“It is also a testament that those who brought it about and have been sustaining it were exemplary, as further attested to by some states in Nigeria who have shown interest in replicating the concept in their respective areas.

“The World Peace is part of the global body, the UN. Ondo State is significant on the issue of Amotekun as its former Governor, late Arakunrin Rotimi Akeredolu (SAN), was pivotal in the establishment of the corps.

READ ALSO: Amotekun Arrests Suspected Drug Kingpin In Ogun

Advertisement

With this recognition, the South-West Security Network (Amotekun) will now be officially attending the United Nations’ annual general meeting starting with the one coming up in New York, United States of America, on September 22, 2025, which will mark the 80th anniversary of the global body,” the statement partly read.

Afenifere said the certification of the security outfit confirmed the affiliation of the Ondo State Amotekun Corps as a trained security unit recognised by the UN.

Ajayi also lauded the late former Governor Akeredolu, who, along with his fellow governors in the South-West, then were steadfast in ensuring that the security outfit took off and was sustained, in spite of the obstacles placed on its ways in various guises.

Advertisement

Amotekun was launched on January 9, 2020, in Ibadan, Oyo State, by the governors of the South West, i.e. Ekiti, Lagos, Ogun, Ondo, Osun and Oyo States.

READ ALSO:My Wife Arrested Me With Amotekun ‘For Owing Bank N500,000’ —Husband

The establishment of the security outfit emanated from the regional security summit that took place in Ibadan in June 2019 under the auspices of the Development Agenda for Western Nigeria Commission,” Ajayi stated.

Advertisement

Afenifere’s spokesperson submitted that the formal invitation to attend annual security meeting is a clear indication that the establishment of the outfit was a very good step to take.

He recalled that Amotekun, in its early formation, faced a lot of avoidable challenges, especially from the Federal Government then led by the late President Muhammadu Buhari.

READ ALSO:Protest In Osun Over Alleged Amotekun’s Arrest, Detention Of Community Chiefs

Advertisement

Ajayi praised the governors in the region for not succumbing to intimidation then.

In his words, “Their not succumbing to intimidation has helped greatly in checking crimes in the region and in reducing the menace of armed bandits, including unscrupulous Fulani herders who are making going to farms perilous.”

The national publicity secretary then called on the governments of the southwestern states to leverage on the latest international recognition.

Advertisement

We seize this opportunity to also call for an expeditious action on the establishment of state police and the provision of all that is needed to ensure that crime and banditry are reduced to the barest minimum,” he added.

Advertisement
Continue Reading

Trending