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The Senate has approved the sum of 266 million dollar as contained in the 2016 to 2018 External Borrowing Plan of President Muhammadu Buhari for Niger State Development Policy Operation.
This followed recommendation of the Senate Committee on Local and Foreign Debts.
The loan among other things is aimed at stimulating internally generated revenue.
It is also aimed at developing critical infrastructure that will attract private investors to the state thereby increasing employment opportunities for residents and citizens.
Presenting the report, the Committee Chairman, Senator Shehu Sani said that the fund for DPO from the World Bank was proposed to finance important programmes of Niger State Government.
He said: “The World Bank Development Policy Operation is a budget-support facility meant to finance budget gaps that governments often encounter in implementing their annual budgets.”
Sani said the committee in its finding, discovered that the credit facility had an attractive low financing data of 1.25 per cent interest; moratorium of five years and a 25 year maturity tenure.
He said: “According to the latest Debt Management Office figures, Niger s
State has a total debt stock of $232.1 million.
“Approving the current loan request of $266 million for Niger state will bring its total debt stock to $498.1 million.”
The Senate had in 2017, mandated the committee to consider the Niger State DPO as contained in the 2016-2018 approved external borrowing plan following its approval of the loans’ request for seven states.

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Bauchi youths disappointed after finding warehouse empty

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By Charly Agwam – Bauchi
Following the widespread looting at Covid-19 warehouses across the nation, Bauchi state youths who attempted to raid a store where COVID-19 palliatives were kept on Sunday were disappointed after finding it empty.
The State governor, Bala Mohammed who made this known on his twitter handle on Sunday, said he ordered his Chief of Staff to open the warehouse when he learnt that youths had laid siege on the store to loot palliatives.
He said, “Today, hoodlums attempted a raid on the #COVID-19 palliative warehouse in Bauchi State. My Chief of Staff was informed and he ordered the warehouse to be opened.
READ ALSO: VIDEO: Hoodlums attempt to loot ATM for quick cash
“They saw it was empty, and they turned back. And that’s because we shared everything to beneficiaries as and when due. For accountability, when we started distribution months ago, I ensured to set up a high powered committee that included myself, my deputy, the State @OfficialPDPNig Chairman and Chairmen of all political parties in the state, including traditional rulers, and others.”
“The core of my mandate remains the crucial drive to give Bauchi State citizens a better prospect and more excellent opportunity for a prosperous life. We are doing this, and we will continue to do more. #GreaterBauchi.”
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BREAKING: Curfew now 8pm to 6am —Sanwo-Olu

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Lagos State Governor , Babajide Sanwo -Olu , has again reviewed the curfew imposed on the state to curb the civil unrest in the aftermath of the # EndSARS protests against police brutality .
Sanwo – Olu had eased the 24 -hour curfew on Friday to start from 6pm to 8 am.
But in a notice on Sunday evening by his Commissioner for Information and Strategy , Gbenga Omotoso , the governor said the curfew time is now between the hours of 8 pm and 6am , meaning that residents can go out by 6 am and return home before 8 pm .
The commissioner stated , “ The curfew in Lagos State has been reviewed . Restriction time is now 8 pm to 6 am .
“ Lagosians are enjoined to plan their journey times as they go about their lawful businesses . Public schools remain shut till further notice .”

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