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

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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.”

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.

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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

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

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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.”

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

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“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’

“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.”

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“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.”

“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.”

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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.”

“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.”

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“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.”

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

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“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.’”

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

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“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.”

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PAP Sends Additional 34 Foreign Post-graduate Scholarship Beneficiaries To UK Varsities

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The Presidential Amnesty Programme (PAP) has deployed an additional 34 foreign post-graduate scholarship beneficiaries to various universities in the United Kingdom for the 2025-2026 academic year.

This was contained in a statement made available to newsmen in Warri by Mr Igoniko Oduma, Special Assistant on Media to Dr. Dennis Otuaro, the Administrator, PAP.

According to the statement, the scholars’ programmes include data science, fintech analytics, cyber security, international energy law and policy, construction project management, public health, agri-food technology, electrical and petroleum engineering, among others.

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The statement added that more foreign post-graduate scholars will be sent to UK universities in the current academic session.

“In December 2025, nine students, who were the first set of offshore post-graduate scholarship developments by the PAP Administrator, Dr Dennis Otuaro, for the 2024-2025 academic year, graduated from their various programmes in UK universities.

READ ALSO:PAP Scholarship Scheme Vehicle For Better Future For Niger Delta —Otuaro

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“Otuaro has deployed over 9000 students to universities within and outside Nigeria for different industry-relevant programmes since he assumed office in March 2024,” the statement partly reads.

Speaking at the pre-departure orientation programme for the scholars at the PAP headquarters in Abuja, on Thursday, Otuaro said that the large-scale deployment was aimed at making the Niger Delta a knowledge-driven region.

He said that his leadership reinvigorated the programme to give it a new momentum in service delivery to the people of the region based on the mandate of President Bola Tinubu.

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Otuaro said, “We are sending all of you for post-graduate studies in various universities in the United Kingdom.

“The PAP now has a new momentum and direction because of the repositioning and broad reforms that we carried out in line with the mandate of His Excellency, President Bola Ahmed Tinubu GCFR.

READ ALSO:Otuaro Tasks Media On Objective Reportage

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The objective behind the huge scholarships deployment is to ensure that we develop the needed human capital to transform the Niger Delta and generate knowledge-wealth.

“We want to develop relevant manpower in critical disciplines for our region and by extension, the country, because you are expected to contribute your quota to national development after successful graduation.”

The PAP boss, who was represented at the event by his Technical Assistant, Mr Edgar Biu, advised the scholars to study hard to achieve academic excellence in their various fields of research.

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According to him, the scholars have an obligation to justify the Federal Government’s investment in their education and future.

READ ALSO:I’m Not Distracted By Anti-Niger Delta Elements, Says PAP Boss, Otuaro

He reiterated his warning that beneficiaries should not take for granted the opportunity to further their academic pursuits in the interest of the Niger Delta and indeed the country.

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Otuaro expressed appreciation to President Tinubu for his “enormous interest and support for the Programme”, particularly the approval of an upward review of the programme’s budget from N65billion to N150billion.

He also expressed gratitude to the National Security Adviser, Mallam Nuhu Ribadu, for his impeccable guidance and supervision of the programme’s initiatives.

Otuaro, therefore, cautioned the scholars to obey their host country’s laws and the rules and regulations of their various institutions, stressing that they are ambassadors of Nigeria, the Niger Delta and their communities and families.

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Highpoint of the orientation programme was the presentation of laptops to the scholars to help them in their studies.

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Industrial Court Bars Resident Doctors From Strike

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The National Industrial Court in Abuja has issued an interim injunction restraining the Nigerian Association of Resident Doctors (NARD) and its agents from embarking on any form of industrial action, including strikes, go-slows, picketing, or preparatory steps for protest, from Monday, January 12, 2026.

Justice E.D. Subilim ordered that the injunction remain in force pending the hearing of the motion on January 21. The suit was filed by the Attorney General of the Federation (AGF) and the Federal Government against NARD, its president, Dr Mohammad Suleiman, and Dr Shuaibu Ibrahim.

The court order comes days after resident doctors at the Usmanu Danfodiyo University Teaching Hospital (UDUTH), Sokoto, declared their full support for the nationwide strike announced by NARD over the government’s alleged failure to honour critical welfare and training agreements.

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UDUTH doctors cited the non-reinstatement of five disengaged resident doctors at the Federal Teaching Hospital, Lokoja, unpaid promotion and salary arrears, and incomplete implementation of the Professional Allowance Table as key grievances. Other unresolved issues include withheld specialist allowances, delayed house officers’ salaries, postgraduate training certification delays, and deteriorating hospital infrastructure.

READ ALSO:Resident Doctors Suspend Strike, Issue Fresh Four-week Ultimatum

However, NARD had on Tuesday noted that there was no going back on the industrial action, insisting that the strike is necessary and not politically motivated. Speaking in Abuja, Dr Suleiman said the withdrawal of services from midnight on Monday is a response to “unmet commitments, shifting government positions and worsening working conditions for resident doctors, not partisan considerations.”

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He argued that none of the demands outlined in the Memorandum of Understanding signed with the Federal Government on November 27, 2025, have been implemented.

“Every issue is either at the same point where it was when we signed the MoU or we have even gone backwards,” Dr Suleiman said, adding that claims by the Ministry of Health that some issues had been resolved were misleading.
He further challenged the government to show where N90 billion, allegedly allocated in the 2026 budget for health workers’ professional allowances, has been provided.

READ ALSO:Doctors’ Strike Continues As NARD Demands Fair Deal, Better Pay

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The association also demanded the immediate reinstatement of the five disengaged resident doctors at FTH Lokoja with full back pay and rejected plans to redeploy them elsewhere.

Other grievances include delayed promotion arrears across 62 tertiary institutions, non-recognition of specialist certificates, and outstanding salary and allowance payments affecting nearly 40 percent of resident doctors.

While NARD remains open to dialogue and has appealed to President Bola Ahmed Tinubu for decisive intervention, it warned that unless concrete action is taken, the planned industrial action will go ahead, potentially disrupting healthcare services nationwide. Dr Mujitaba Umar, President of the UDUTH chapter, described the situation as “difficult but unavoidable,” while the chapter’s General Secretary, Dr Muhammad Abdulrahman Hassan, urged the Federal Government to act swiftly “in the interest of the Nigerian populace and the healthcare system.”

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Nigeria To Get Fresh $9.5m Abacha Loot From UK’s Jersey

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Nigeria to receive fresh $9.5 million (£7 million), believed to be stolen funds linked to former military Head of State, Sani Abacha, from the United Kingdom’s Jersey.

According to the BBC, Jersey has agreed to repatriate the fund to the Nigerian government.

The money, described as proceeds of “tainted property,” is said to be part of the vast fortune stolen by Abacha, who ruled Nigeria between 1993 and 1998.

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READ ALSO:How I Transited From Abacha’s Friend To prisoner — Lamido

The funds were kept in a bank account in Jersey and had been tied up in legal proceedings for several years.

Although the assets were first recovered during the administration of former President Goodluck Jonathan, court challenges stalled their return to Nigeria. Progress was made in December 2025 when Jersey’s Attorney-General, Mark Temple, signed a memorandum of understanding, MoU, with Nigerian authorities to enable the repatriation.

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The latest agreement builds on two earlier arrangements between Jersey and Nigeria that led to the return of more than $300 million (£230m) in recovered assets.

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