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$29 Billion Loan: Ethical and Constitutional Sin of Overlooking South East

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Nigeria is basically administered in line with the provisions of the Constitution of 1999 (as amended). 

Irrespective of the manifest irregularities and imbalances that the military’s imposition of the National constitution of 1999 foisted on us especially with regards to how the North as a region got more constituencies delineated and recognized in the constitution based on some unverifiable statistical data on population density, the Supreme law for Nigeria remains the constitution. 

The current set of political office holders starting from President Muhammadu Buhari down to the local council officials are guided by the provisions of the Nigerian Constitution which is binding and sacrosanct and in that constitution the oath of office administered on these officials forbids them from adopting postures, policies and projects that promotes their personal interest above national interest. 

We will proceed to reproduce the oath of office sworn to by the president of the Federal Republic of Nigeria as provided for by the seventh schedule of the Nigerian Constitution thus: “I,  do solemnly swear/affirm that I will be faithful and bear true allegiance to the Federal Republic of Nigeria; that as President of the Federal Republic of Nigeria, I will discharge my duties to the best of my ability, faithfully and in accordance with the Constitution of the Federal Republic of Nigeria and the law, and always in the interest of the sovereignty, integrity, solidarity, well-being and prosperity of the Federal Republic of Nigeria; that I will strive to preserve the Fundamental Objectives and Directive Principles of State Policy contained in the Constitution of the Federal Republic of Nigeria; that I will not allow my personal interest to influence my official conduct or my official decisions; that I will to the best of my ability preserve, protect and defend the Constitution of the Federal Republic of Nigeria; that I will abide by the Code of Conduct contained in the Fifth Schedule to the Constitution of the Federal Republic of Nigeria; that in all circumstances, I will do right to all manner of people, according to law, without fear or favour, affection or ill-will; …and that I will devote myself to the service and well-being of the people of Nigeria. So help me God.”

In recent times since coming to office the Nigerian President has adopted certain positions that have totally negated the basic constitutional tenets of equity, equality, fairness and justice even as some top level defence appointments have overlooked the South East of Nigeria which has some of the largest population of Nigerians scattered all over.

Our attention however is on the current decision by the President to approach multilateral funding institutions for a whooping loan of $29 billion to enable the government implement some infrastructural projects but the South East of Nigeria was loudly left out as if the people are not part of the entity called Nigeria.

This ill-advised decision is unconstitutional, illegal and totally reprehensible just as it is so very unwise and it’s not in any way smart.

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Flipping through some articles from Harvard Business Review chronicled in the book aptly titled “On making smart decisions”, the reader would immediately understand that the decision by the Nigerian government to exclude the South East of Nigeria from the zonesite or component parts  that would benefit from the strategic national infrastructural projects to be implemented whenever the $29 billion is found,  smacks of ethnic hatred for the people of the South East of Nigeria. 

The belated excuse that the projects are not based on zoning as offered by the ministry of finance in Abuja is puerile and laughable since it is commonly known that the states meticulously but mischievously included to benefit from the loan package are made up of persons from certain Ethnicity and States of Nigeria. 

Writing about what they call “the status-quo trap”, the authors of the aforementioned book stated thus: “we all like to believe that we make decisions rationally and objectively. But the fact is, we all carry biases, and those biases influence the choices we make. Decision makers display, for example, a strong bias toward alternatives that perpetuate the status quo.”

The constitutional provision in Chapter four, section 42 (1) that bans discrimination of any group of persons is an effective check and balance against such illegal decision by the current government to scheme out the South East of Nigeria from the areas that would clearly benefit from those projects under the proposed loan scheme which in any case would be paid by the corporate entity called Nigeria and from the commonwealth of all Nigerians. 

That Section states as follows: “(1) A citizen of Nigeria of a particular community, ethnic group, place of origin, sex, religion or political opinion shall not, by reason only that he is such a person:- (a) be subjected either expressly by, or in the practical application of, any law in force in Nigeria or any executive or administrative action of the government, to disabilities or restrictions to which citizens of Nigeria of other communities, ethnic groups, places of origin, sex, religions or political opinions are not made subject; or (b) be accorded either expressly by, or in the practical application of, any law in force in Nigeria or any such executive or administrative action, any privilege or advantage that is not accorded to citizens of Nigeria of other communities, ethnic groups, places of origin, sex, religions or political opinions.”

In the book “Fragile Peace: State Failure, Violence and development in crisis regions” edited by Tobias Debiel with Axel Klien, the authors warned that: “…the arrogance of ruling cliques is central cause of war and obstacle to development”.

There is little doubt that the current President Muhammadu Buhari’s administration is organised in such an opaque fashion that certain unelected persons and family members have constituted themselves into a clique or cabal that dictates the states that should benefit from the resources belonging to all Nigerians.  The Secretary to the government of the Federation Engineer Babachir Lawal was only recently quoted in the press as accepting that he is a member of the cabal or kitchen cabinet of President Muhammadu Buhari.  The Wife of President Muhammadu Buhari Mrs Aisha Buhari had told the Hausa service of the British Broadcasting Corporation that there is indeed a clique in the presidency. President Buhari has denied that his Nephew  Mamman Daura is the power behind the throne in the Presidency.  

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Away from the issue of the  clique within the Nigerian Presidency, it is a fact that  Since the Nigerian government disclosed her plan to seek for the loan most observers are asking so no single project in the entire South East meets the priority of the Federal Govternment in the utilization of the $29.96B FOREIGN LOAN? 

One of the South East civil society activist even shouted that It is important to note that generations of Igbos yet unborn will be part of repaying this loan and yet, are not considered worthy as beneficiaries.

The activist continued thus “not even 2nd Niger Bridge or the death traps that Federal roads in the east have become? Not even reviving the Oji Power Station or doing something about the coal in Enugu and environs? Not even completing the Enugu International Airport. What manner of injustice is this? 

This same sentiments runs through the minds of all those who love justice because any injustice done to one is injustice to all.

In what appears a further marginalization of the South East zone, the newspapers reported analytically that the  Federal Government has left out the region in projects which President Muhammadu Buhari plans to execute with the pro-posed $29.960 billion infrastructure loan.

A breakdown of how the loan would be spent on infrastructure between 2016 and 2018 shows that none of the projects contained in the government’s document is located in the South East geopolitical zone.

President Buhari had asked the Senate to approve the loan from multilateral financial institutions to enable his administration execute critical infrastructure and other social intervention initiatives across the country. The Senate has turned the request down but the Presidency is mounting intense pressure to get the Senate to capitulate to her demand. The sidelining of the South East can in no way be explained away just as what the officials and spindoctors of the Finance Ministry have attempted to spew out. 

The Finance Ministry said the $29.960 billion loan is designed to address infrastructure deficit in the country.

 I ask, which part of Nigeria suffers the most deliberate infrastructural deficit? The South East of course suffers the worst case scenario in terms of infrastructure deficit. 

But in a statement released to journalists recently amidst criticism of the lopsided allocation of  the projects to be funded by the loan, there was no single infrastructural project allocated to the South East – an area most acutely hit by poor infrastructure and an acute shortage of various social amenities the Finance Ministry has other funny idea on how to explain away in the most flippant fashion this all disturbing issue of deliberate scheming out of South East of Nigeria.

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According to the statement, issued by the Special Assistant to the Minister of Finance on Media, Mr. Festus Akanbi, infrastructural projects are allocated $18.3 billion.

The projects to be embarked upon are the Mambilla Hydro Electric Power Project ($4.8 billion), the Modernization Coastal Railway Project (Calabar-Port Harcourt-Onne Deep Sea Port Segment) valued at $3.5 billion and the Abuja Mass Transit Rail Project (Phase 2) put at $1.6 billion.

Others are the Lagos-Kano Railway Modernization Project (Lagos-Ibadan Segment Double Track) estimated at $1.3 billion and the Lagos-Kano Railway Modernization Project (Kano-Kaduna Segment Double Track) valued at $1.1 billion.

The balance of $11 billion will be expended on Eurobond ($4.5 billion), Federal Government Budget Support ($3.5 billion), Social Support for Education and Health ($2.2 billion), Agriculture ($1.2 billion), and Economic Management and Statistics ($.2 billion).

According to the statement, the borrowing has a three-year plan covering proposed projects for 2016-2018 and is expected to be phased over the three year period.

The ministry said that the borrowings are highly concessional (non-commercial), with low interest rates and long tenors.

The Federal Government affirmed that the funding is being sought from multilateral institutions such as the World Bank, the Africa Development Bank (AfDB), the Islamic Development Bank (IDB), Japan International Co-operation Agency (JICA) and the China Exim Bank.

The planned Eurobond issuance in the international capital markets, the statement pointed out is the only commercial source of funding.

When contacted, Akanbi on the apparent omission of the South East on the project allocation, he said that the loan has nothing to do with regional consideration. He said that the government would still reflect all the regions in the 2017 Budget.

Akanbi said: “I don’t have an answer to your question. This is just a Federal Government thing that was presented today. It’s not a regional thing. There are other projects like agriculture.

“These are strategic things just like intervention for three years’ programme. That does not stop the Federal Government from planning for all the regions next year and in the 2018 budget. It’s just for support. It’s not the main thing, just an ad-hoc initiative.

“The government is going to sit down and work on the 2017 budget and all the regions will be covered. It has nothing to do with regions. These are specific projects on ground”.

This is ridiculously unreasonable and totally condemnable.  President Buhari must go back to the drawing board and ensure that the critical infrastructures of the South East that have collapsed must be accommodated specially in this $29 billon loan arrangements.  Any thing less than this amounts to apartheid and should be vigorously challenged legally.

*Emmanuel Onwubiko is Head of Human rights Writers association of Nigeria and blogs @ www.emmanuelonwubiko.com. 

 

 

 

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2027: ADC Coalition Deceiving Nigerians – Baba-Ahmed

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Labour Party vice presidential candidate, Senator Yusuf Datti Baba-Ahmed

The 2023 Labour Party (LP) vice-presidential candidate, Datti Baba-Ahmed, has warned Nigerians that the opposition coalition under the African Democratic Congress (ADC) is giving false hope about rescuing the country from underdevelopment.

“They are deceiving us,” Baba-Ahmed said during an interview on Channels Television’s Politics Today on Friday.

Baba-Ahmed, who ran alongside Peter Obi in the 2023 presidential election won by Bola Tinubu of the All Progressives Congress (APC) expressed his willingness to be Obi’s running mate in the 2027 presidential election.

Although Obi has shown interest in the 2027 race and is aligning with ADC coalition figures such as David Mark, Atiku Abubakar, Nasir el-Rufai, Rotimi Amaechi, and Rauf Aregbesola, Baba-Ahmed stressed that he wants Obi to remain in the Labour Party and contest as its presidential candidate.

“I’m in the Labour Party. I’m a Peter Obi man. I still want Peter Obi to come back to the Labour Party and contest the 2027 election,” Baba-Ahmed stated.

When asked about his plans for the 2027 race, Baba-Ahmed confirmed his readiness to serve as a running mate for like-minded leaders committed to restoring Nigeria.

“If Nigeria is still around and there is an electoral system to follow, my love for Nigeria is undying.

I would appropriately associate with groups and individuals aligned with restoring the nation,” he said.

Baba-Ahmed also revealed two potential leaders he would consider deputising, with Peter Obi being his primary choice. “The first one has not said anything.

The second one is Peter Obi. I’m always with Peter Obi until he decides not to,” he added.

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Tinubu Secures Fresh $238m Loan from Japan

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President Bola Ahmed Tinubu

Nigeria has secured a $238 million loan from the Japan International Cooperation Agency (JICA) to support the expansion and modernization of the national power grid.

The deal, confirmed during engagements at the ninth Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan, reflects a strategic shift towards implementation-driven energy development.

President Bola Tinubu highlighted that Nigeria’s participation at TICAD9 focused on concrete, outcome-oriented partnerships rather than ceremonial diplomacy.

“We are moving from planning to implementation, from agreements to delivery, and from promises to measurable results,” he said.

Details of the JICA Loan Project

The $238 million loan, supported by a Federal Executive Council counterpart funding of ₦19,083,192,805.30, will finance significant upgrades to Nigeria’s transmission infrastructure.

Key components of the project include:

Construction of 102.95 km of new 330kV double-circuit lines

Construction of 104.59 km of 132kV double-circuit lines

Development of four 330/132/33kV substations and two 132/33kV substations

Multiple line bay extensions to improve efficiency and reduce system losses

According to Minister of Power, Chief Adebayo Adelabu, the partnership with Japanese companies such as Toshiba, Hitachi, and Japan’s Transmission & Distribution Corporation is essential for unlocking Nigeria’s energy potential.

“Our focus is on transmission infrastructure, operational efficiency, and strategies to reduce system losses.

This $238 million loan from JICA provides the backbone for that transformation,” Adelabu explained.

Adelabu acknowledged Japan’s consistent support for Nigeria’s power sector, highlighting contributions in infrastructure, technical studies, training, and financing.

He emphasized that JICA’s backing is critical to expanding access to reliable, affordable, and sustainable electricity across the country.

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The project aims to strengthen Nigeria’s power transmission network, improve system reliability, and enhance overall efficiency, ultimately supporting industrial growth and meeting rising electricity demand nationwide.

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News

‘Gate of Hell’ Will Open on Gaza’– Israeli Defence Issues Finally Warning to Hamas

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Hamas militants kill Israeli male hostage, injured two female hostages in Gaza

Israeli Defence Minister Israel Katz has issued a fierce warning to Hamas, declaring that Gaza City will face complete destruction if the militant group refuses to accept Israel’s conditions for ending the war.

Katz, in a statement shared on social media on Friday, August 22, 2025, used sharp words to describe Israel’s next steps.

He said the “gates of hell” would open on Hamas if it failed to disarm and release all hostages.

“Soon, the gates of hell will open upon the heads of Hamas’s murderers and rapists in Gaza until they agree to Israel’s conditions,” Katz wrote.

He added that if Hamas refused, Gaza City would suffer the same fate as Rafah and Beit Hanoun, two cities previously flattened by Israeli offensives.

His comments mark one of Israel’s strongest warnings since the escalation of the conflict.

The minister’s remarks came only hours after Prime Minister Benjamin Netanyahu announced that negotiations had been ordered to free the hostages held in Gaza.

Netanyahu explained in a video address that Israel’s military operation in Gaza City would not stop during talks. “Defeating Hamas and releasing our hostages go hand in hand,” he said.

The prime minister also confirmed the mobilisation of 60,000 reservists to join the offensive.

Meanwhile, mediators have been waiting for Israel’s response to a ceasefire plan that Hamas accepted earlier in the week.

The proposal suggests a phased release of hostages, but Israel insists that only a deal ensuring the release of all captives at once will be accepted.

Israel’s hardened stance has sparked growing concern worldwide.

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International leaders have cautioned that an expanded assault on Gaza City could worsen the humanitarian disaster already unfolding in the region.

Gaza’s health ministry says more than 62,000 Palestinians, most of them civilians, have been killed since Israel’s military campaign began.

The United Nations considers these figures credible.

The war was triggered by Hamas’s October 2023 attack, which left 1,219 people dead in Israel, mostly civilians.

Since then, the conflict has intensified, with both sides showing little sign of compromise.

With Katz’s threat to turn Gaza City into rubble if demands are not met, the conflict appears to be entering an even deadlier stage.

The international community continues to press for a ceasefire, but Israel’s leadership insists that victory over Hamas and the release of all hostages remain its top priorities.

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Health

NAFDAC Raises Alarm as Fake Cowbell Milk Floods Nigerian Markets

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised alarm over the circulation of fake Cowbell “Our Milk” 12g sachets in Nigeria.

In a statement issued on Friday, August 22, 2025, the agency explained that the counterfeit milk is packaged to look like the discontinued Cowbell “Our Milk,” but it is unauthorised and unsafe for consumption.

Fake cowbell milk.

NAFDAC clarified that Promasidor Nigeria Ltd, the authentic manufacturer, stopped producing Cowbell “Our Milk” in September 2023.

The product was replaced with Cowbell “Our Creamy Goodness.” Despite this, fake versions of the old product have found their way into Nigerian markets.

Picture of Fake cowbell milk.

Picture of Fake cowbell milk.

The counterfeit sachets bear the brand name, NAFDAC registration number, and familiar packaging design, making them difficult for unsuspecting buyers to identify as fake.

Health Dangers of Fake Cowbell Milk

NAFDAC warned that the consumption of these counterfeit products poses serious health risks.

Fake milk could contain toxic chemicals, harmful additives, or diluted ingredients that endanger human health.

Infants, children, pregnant women, and the elderly are the most vulnerable. Possible dangers include:

  • Foodborne illnesses
  • Allergic reactions
  • Organ damage
  • Long-term health complications
  • In extreme cases, death

Counterfeit Product Details

  1. Product Name: Cowbell “Our Milk” 12g sachet
  2. Purported Manufacturer: Promasidor Nigeria Ltd
  3. Production Date: 04/2025
  4. Expiry Date: 12/2028

Picture of original cowbell milk.

NAFDAC Issues Strong Warning

The agency urged Nigerians to remain vigilant and avoid purchasing the counterfeit milk.

Healthcare professionals, distributors, and consumers have been advised to report suspicious sales of substandard or fake products immediately.

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Reports can be made through:

The nearest NAFDAC office

Toll-free line: 0800-162-3322

Email: sf.alert@nafdac.gov.ng

NAFDAC also called on traders and retailers to stop selling the fake sachets.

The agency assured the public that strict enforcement measures are being taken to remove the counterfeit products from circulation.

This is not the first time Nigerians have faced risks from fake food and beverages.

Experts warn that counterfeit consumables are becoming more sophisticated, often making them difficult to spot.

Consumers are advised to always check product details, expiry dates, and packaging changes announced by manufacturers.

By highlighting the dangers and raising awareness, NAFDAC says it hopes to protect Nigerians from avoidable health crises linked to fake milk products

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Africa

‘Misplaced Priority’: Peter Obi Blasts FG’s ₦142bn Bus Terminal Project

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Former Labour Party presidential candidate Peter Obi has slammed the Federal Government’s approval of ₦142 billion for the construction of bus terminals across Nigeria, describing it as a reckless misplacement of priorities.

Obi issued a statement on Friday, August 22, via his Official X formerly Twitter platform, warning that the project reflects poor leadership and lack of focus in managing Nigeria’s limited resources. He titled his statement, “₦142 Billion for Bus Terminals.”

According to him, the true test of leadership is how scarce resources are prioritized.

He stressed that investing such a huge amount in bus terminals while critical sectors like healthcare suffer shows a government that is out of touch with citizens’ realities.

Obi said: “The difference between success and failure in any nation is how leaders prioritise resources.

The decision to spend ₦142 billion on six bus terminals exposes a lack of competence and vision. It is a clear sign of poor leadership.”

The Federal Executive Council had recently approved the funds for the construction of one modern bus terminal in each of the six geopolitical zones.

The government described it as part of efforts to modernise transport infrastructure and improve mobility nationwide.

But Obi strongly disagreed. He compared the allocation to healthcare funding, pointing out that the combined budget for all teaching hospitals and federal psychiatric centres in Nigeria is less than ₦100 billion in the 2024 budget.

“This is disturbing,” Obi continued, “because health remains one of the most critical sectors of development. Yet it is underfunded and deteriorating rapidly.

The World Health Organization has reported that over 20 million Nigerians live with mental health conditions.

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This is a tragic irony. How can the government ignore this crisis and focus on bus terminals?”

He argued that the health sector, alongside education and poverty reduction programs, deserves priority attention.

Obi insisted that until government spending reflects the real needs of Nigerians, the country will remain trapped in poor governance.

Many Nigerians have also taken to social media to express anger, echoing Obi’s concerns. Critics argue that the decision proves the Federal Government is disconnected from the economic struggles of ordinary citizens.

For Obi, the ₦142 billion project is not just a case of wrong timing.

He sees it as a clear example of governance failure and misplaced priorities.

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