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Senate Approves Stricter Measures to Tackle Human Trafficking, Slavery in Libya,Other ….seeks stricter tenancy laws

By George Mgbeleke The Nigerian Senate has approved recommendations to strengthen anti-trafficking laws, investigate suspected trafficking networks, increase funding for relevant agencies and establish a national...

Uncategorized2 weeks ago

HURIWA To TINUBU: Who Sold Ministerial Positions , Who Collected Billions, And Why Is The Presidency Silent?

By George Mgbeleke Rights group demands independent investigation into explosive allegation by APC campaign spokesperson, warns EFCC, ICPC and Code of Conduct Bureau against complicity through...

Business & Economy2 weeks ago

$20.5 Billion External Borrowing Plan: Will the National Assembly Rise to Its Constitutional Responsibility?

By HallowMace Africa President Bola Ahmed Tinubu’s request for National Assembly approval to secure $20.5 billion and €1.05 billion in external loans under the 2026–2027 Supplementary...

Uncategorized2 weeks ago

$20.5 Billion External Borrowing Plan: Will the National Assembly Rise to Its Constitutional Responsibility? By HallowMace Africa President Bola Ahmed Tinubu’s request for National Assembly approval to secure $20.5 billion and €1.05 billion in external loans under the 2026–2027 Supplementary External Borrowing Plan raises fundamental questions about Nigeria’s debt sustainability, fiscal responsibility, and the independence of the legislature. While external borrowing may be necessary to finance critical infrastructure, security, healthcare, education, agriculture, and other development priorities, Nigerians deserve clear answers about the purpose, cost, and long-term implications of such a substantial financial commitment. The question is not whether Nigeria should borrow, but whether this borrowing is necessary, transparent, sustainable, and in the best interest of Nigerians. With a general election approaching, the timing of this request deserves careful scrutiny. A borrowing plan of this magnitude should not be treated as an ordinary legislative formality or rushed through Parliament to meet an executive timetable. Reports that the initial request lacks a detailed project-by-project breakdown, specific lender identities, and clearly stated interest rates and repayment terms make comprehensive scrutiny even more imperative. The National Assembly must insist on full disclosure before reaching a decision. What Should HallowMace Expect from the National Assembly? – Demand full details before approval. Lawmakers must establish precisely how the funds will be utilised, which institutions will provide them, the applicable interest rates, repayment schedules, and the expected economic returns. – Audit the impact of previous borrowings. Nigerians deserve an account of what previous loans have achieved. What projects have been completed? What remains outstanding? What tangible benefits have citizens received? Additional borrowing must not become a substitute for accountability. – Protect legislative independence. The National Assembly must demonstrate that it is an independent arm of government, not a rubber stamp for the Executive. Its responsibility is to scrutinise, question, amend where necessary, and reject proposals that fail to meet the required standards. – Consider the burden on future generations. Lawmakers must evaluate debt-servicing obligations, foreign-exchange risks, revenue projections, and the potential impact on public services. Development financing must not mortgage Nigeria’s future. – Refuse unnecessary haste. If the required documentation is incomplete, the National Assembly should demand further information and allow adequate time for due diligence. The scale of this commitment warrants scrutiny, regardless of political considerations or electoral timelines. At HallowMace Africa, we believe that lawmaking must take precedence over politicking, and national interest must prevail over political loyalty. The credibility of the 10th National Assembly is on the line. This is an opportunity for lawmakers to reassure Nigerians that the legislature is capable of exercising meaningful oversight, even when the proposal before it comes from the President. A strong President does not need a weak legislature. Indeed, a sound and independent legislature strengthens democracy, promotes accountability, and protects the public interest. Our position is straightforward: Do not approve what you have not thoroughly scrutinised. Do not borrow without accountability. And do not sacrifice the future of Nigerians on the altar of political expediency. The National Assembly must rise to its constitutional responsibility. Nigerians are watching, and history will judge the decisions made today. HallowMace Africa……We treat the issues, not the people. Signed. Amb. Anderson Osiebe Executive Director HallowMace Africa Amb. Hyginus John Oguh Head, Public Communications HallowMace Foundation God bless Nigeria.

By HallowMace Africa President Bola Ahmed Tinubu’s request for National Assembly approval to secure $20.5 billion and €1.05 billion in external loans under the 2026–2027 Supplementary...

Business & Economy2 weeks ago

Tinubu writes NASS, seeks approval for $20.5bn, €1bn external loans

By George Mgbeleke President Bola Tinubu has asked the National Assembly to approve a fresh supplementary external borrowing plan of $20.52 billion and €1.05 billion to...

Uncategorized2 weeks ago

N-Youth League: Bayelsa Starlets Target Third Straight Win Against JCE FC ‎ ‎… Yenagoa-Based Academy Eyes Perfect Start in First Away Fixture

By David Owei ‎ ‎Bayelsa Starlets Academy of Yenagoa will aim to extend their winning streak to three matches when they face JCE Football Club of...

Business & Economy2 weeks ago

Nigeria’s Blue Economy Gains Are Tinubu’s Vision in Action-SSA to Mr President

By David Owei Prof. Busayo S. Fakinlede, Senior Special Assistant to the President on Marine and Blue Economy, has attributed all transformational milestones recorded in Nigeria’s...

General News2 weeks ago

PAP Administrator Otuaro Not Under Pressure – Phase Two Leader

By David Owei, Bayelsa The National Chairman of the Presidential Amnesty Programme (PAP) Phase Two, Ibena Rufus Salvation, has dismissed reports suggesting that the programme’s administrator,...

Uncategorized2 weeks ago

Gov Diri Unveils Robotic Tutors At Bayelsa Medical University *Inspects Teaching Hospital, Emergency Health Facilities

By David Owei Governor of Bayelsa State, Senator Douye Diri, has unveiled Artificial Intelligence (AI)-powered robotic tutors and other digital learning innovations at the Bayelsa Medical...

Politics2 weeks ago

INEC Opens 2027 Preliminary Voters’ Register Online After Public Outcry

By our corresponden The Independent National Electoral Commission (INEC) has made the Preliminary Register of Voters for the 2027 general election available online following concerns by...

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Senate Approves Stricter Measures to Tackle Human Trafficking, Slavery in Libya,Other ….seeks stricter tenancy laws

HURIWA To TINUBU: Who Sold Ministerial Positions , Who Collected Billions, And Why Is The Presidency Silent?

$20.5 Billion External Borrowing Plan: Will the National Assembly Rise to Its Constitutional Responsibility?

Tinubu writes NASS, seeks approval for $20.5bn, €1bn external loans

N-Youth League: Bayelsa Starlets Target Third Straight Win Against JCE FC ‎ ‎… Yenagoa-Based Academy Eyes Perfect Start in First Away Fixture

Nigeria’s Blue Economy Gains Are Tinubu’s Vision in Action-SSA to Mr President

PAP Administrator Otuaro Not Under Pressure – Phase Two Leader

Gov Diri Unveils Robotic Tutors At Bayelsa Medical University *Inspects Teaching Hospital, Emergency Health Facilities

INEC Opens 2027 Preliminary Voters’ Register Online After Public Outcry

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