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Senate approves Tinubu’s fresh N1.15trn loan request

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Senate in session in the chamber

By Our Correspondent

Senate on Wednesday at plenary approved President Bola Tinubu’s fresh request to source N1.15 trillion loan in the domestic debt market to fund the deficit in 2025 budget.

The approval was sequel to the presentation and consideration of the report of the Committee on Local and Foreign Debts, chaired by Senator Aliyu Wamakko (APC Sokoto North) during plenary.

In his presentation, Senator Wamakko, who was represented by the Vice Chairman of the committee, Senator Haruna Manu (PDP Taraba Central), recommended the Senate’s approval for the borrowing programme to fund the 2025 budget deficit, which now has a gap of N14.10 trillion following the increase in size.

The report said the 2025 Appropriation Act provided for a total expenditure of N59.99trn, representing an increase of N5.25trn over the N54.74trn initially proposed by the executive arm.

Out of the N14.10 trillion deficit gap, N12.95trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15trilliion

It would be recalled that President Tinubu’s letter seeking a fresh N1.15 trillion borrowing from the domestic debt market was read in the Senate during plenary on November 4.

The letter reads: “I write to kindly request the approval of the National Assembly to establish a N1,150,000,000.00 borrowing program in the domestic debt market to close the unfunded deficit gap created by the increase in the budget size over and above the prior approved revenue and borrowing plans.

“This request is pursuant to the provisions of Section 44, Subsection 1 to 2 of the Fiscal Responsibility Act, FRA, of 2007, which requires the approval of the National Assembly for all new borrowings by the Federal Government of Nigeria.

“The distinguished President of the Senate may wish to note that the National Assembly passed a budget of N54.9 trillion, an increase of N5.25 trillion from the N49.74 trillion budget proposal by the Executive.

“This increase created a budget deficit of N14 trillion

“However, the proposed borrowing approved in the budget was N12.95 trillion, which occasioned an unfunded deficit of N1.1 trillion.

“It is therefore necessary to increase the domestic borrowing limit in the 2025 budget by N1.147 trillion to close this gap.

“Based on the foregoing, I wish to request the approval of the Senate for the establishment of a N1,150,000,000 borrowing program in the domestic debt market to close the unfunded 2025 budget deficit gap.

“A specimen of the approval required for this purpose is attached as an extra tool.”

The President of the Senate, Senator Godswill Akpabio, who read the letter, thereafter referred it to Senator Aliyu Wammakko- led Committee on Local and Foreign Debt, to report back within one week for further legislative action.

Politics

INEC Ends CVR Phase II With 3.7 Million Registrations, Begins Claims and Objections

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By Our Correspondent

As the 2027 general elections draw close,Independent National Electoral Commission (INEC) has concluded the second phase of the nationwide Continuous Voter Registration (CVR) exercise on Friday, recording a total of 3,748,704 completed registrations across the country.

The figure contained in the commission’s weekly update for week 14 of the second phase of the exercise comprises both online pre-registrations and in-person completions at designated centres nationwide, reflecting sustained public participation in the voter registration process ahead of the 2027 General Election.

A breakdown of the registrations shows that 2,259,288 Nigerians completed their registration through the online pre-registration portal, while 1,489,416 finalized their registration physically.

The commission notes that the figures are preliminary and subject to further verification.

With the conclusion of the registration phase, INEC has now shifted focus to the display of the Register of Voters for Claims and Objections, a critical stage in ensuring the accuracy and credibility of the voter register.

The display exercise will take place at designated centres nationwide from 29th April to 5th May, 2026, providing an opportunity for citizens to verify their details and raise objections where necessary.

The commission urges all Nigerians who registered during the second phase to take advantage of this window to confirm the accuracy of their information and assist in identifying ineligible entries, including duplicate registrations, deceased persons and non-citizens.

The CVR exercise is being conducted in phases. The first phase commenced on 18th August 2025 and ended on 10th December 2025, while the second phase ran from 5th January 2026 to 17th April 2026.

The date for the commencement of the 3rd phase will be made public in due course.

The commission reaffirmed that maintaining a clean and credible voter register remains central to the conduct of free, fair, and transparent elections.

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Politics

ADC TO TINUBU: You Should be Scared, Your battle is Against Suffering Nigerians -Says President’s Comments Are Unpresidential

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By George Mgbeleke

The African Democratic Congress has said that President Bola Ahmed Tinubu should be afraid of a major defeat in 2027 because he would be contesting against millions of Nigerians who have faced unprecedented hardship under his government.

In a statement by National Publicity Secretary Bolaji Abdullahi, the party made the remark in reaction to a statement by the President that he is not scared of the opposition, whom he mocked as holding its convention on the street.

The party, however, described the remarks as unpresidential, saying that with his utterances, the President appears preoccupied with politics even as the majority of Nigerians sink deeper into poverty and are left helpless in the hands of insurgents and kidnappers.

The full statement reads:

The African Democratic Congress (ADC) has taken note of the comments made by Bola Ahmed Tinubu at the Presidential Villa concerning the ADC and the state of the opposition.

What Nigerians saw was not the confidence of a leader in control. It was the anxiety of a President increasingly disconnected from the reality of hardship, insecurity, and frustration facing millions of citizens.

At a time when families are battling a historic cost of living crisis, food inflation, rising debt burdens, and collapsing purchasing power, the President chose to mock the opposition instead of addressing the suffering of Nigerians. However, even as he spoke, reports of children being abducted from examination centres were circulating. This is the reality of today’s Nigeria, insecurity spreading deeper into everyday life while government appears distracted.

The President should not be ridiculing the opposition. He should be deeply concerned that the majority of Nigerians have rejected his government, whose ill-conceived policies have ruined lives and destroyed livelihoods. These are the reasons he should be scared, because the people are determined to vote him out.

We also reject the false narrative around the ADC National Convention. We did not hold our convention on the street. If that was the story supplied to the President by agents of disruption, then he has been misinformed.

But even if any opposition party were forced to gather outside established venues, Nigerians would understand why. Under this administration, democratic space has shrunk significantly. No government before now had denied political parties fair access to public venues such as Eagle Square, a national civic ground that belongs to all Nigerians, not to any ruling party.

The President also cannot preach separation of powers while simultaneously assuming the role of interpreter of the law, political referee, and commentator on judicial matters. President Bola Ahmed Tinubu cannot be a President and a judge at the same time.

If this administration truly respected separation of powers, Nigerians would not have witnessed the repeated weakening and humiliation of institutions meant to serve as checks and balances. The legislature, in particular, has too often appeared reduced to an extension of executive convenience.

We also note the President’s recent attempt to ingratiate himself with the supporters of late President Muhammadu Buhari. After years of distancing himself from the late President and denigrating his record, blaming him for every failure of his government, it is hypocritical to suddenly make a U-turn because of the coming election. It is too late.

The issue before the country today is simple: hardship is rising, insecurity is worsening, debt is mounting, and hope is fading. No amount of political theatre can hide that truth.

The ADC remains focused on building a credible alternative anchored on competence, security, prosperity, and democratic freedom. Nigerians deserve better than excuses, propaganda, and power games.

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CITRE says Purported INC Election Was Illegal,null and Void –Yet To fix Date for Election

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HRM, King Bubaraye Dakolo Agada IV,

By David Owei,Bayelsa

Barely four days the Council of Ijaw Traditional Rulers and Elders (CITRE) has on Thursday said, there is no elections into the executive council of Ijaw National Congress (INC) on Monday 13th April 2026 as been speculated in some quarters that elections was held.

CITRE being the only body that superintendents over the INC still maintained it’s action suspending the election into the executive positions of the Ijaw National Congress (INC), insisting on the guiding principles of the INC Constitution. The alleged election had procedural errors, without due process and therefore declared null and void,as there were constitutional violations marred with irregularities that were at variance with CITRE,s constitution.

Addressing press conference in his office at the state Traditional Rulers Council Secretariat in Yenagoa the state capital, Chairman of CITRE, HRM, King Bubaraye Dakolo Agada IV, Ibenanaowei of Ekpetiama Kingdom, who is also the Chairman of Bayelsa Traditional Rulers Council, on Thursday said CITRE stand on the Constitutional Process and the INC Electoral Timeline.

Speaking further said, ” no elections on the 13th of April 2026. We asked our people not to participate in that kangaroo elections and they stayed away. Maybe the outgoing president,Prof. Benjamin Okaba has a motive behind his actions,that is why he is in a hurry to conduct an elections without following due process as stipulated by INC constitution.

” The purported elections was just another efforts in futility. The seven man committee will have it inaugural meeting on Monday 20th April 2026 and at the end, we will organized a credible, peaceful and rancour Free elections.

“Until issues are settled and you withdraw your case and show evidence that you have withdrawn, then you can conduct an elections. Why would he want to deceive everybody, then there must be a motive. There is nothing wrong if he cannot conduct an elections and his time expires, CITRE can take over and manage the affairs of the Ijaw apex body until a proper elections is conducted.

” The constitution has given us power to settle disputes including elections disputes. On this matter CITRE has taken a decision and the decision is final’.

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