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Senate moves to approve Buhari’s request for N2.3trn loan

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The Senate, on Tuesday, asked its Committee on Local and Foreign Debts, led by Senator Clifford Ordia to look at President Muhammadu Buhari request on the implementation of the External Borrowing of N2.343 trillion ( about $6.183billion) in the 2021 Appropriation Act.

President of the Senate, Ahmad Lawan, had last month, read on the floor of the Senate a letter from President Buhari dated May 6, 2021, in which he sought the lawmakers’ formal approval to part-finance the Budget Deficit of 5.602 trillion in the 2021 Budget.

President Buhari had said that “the proceeds of the USD6.183 billion (82.343 trillion New External Borrowing in the 2021 Appropriation Act) will be used to fund specific Capital Projects in the Budget.

“This includes projects from priority sectors of the economy, namely: Power, Transportation, Agriculture and Rural Development, Education, Health, Provision of Counterpart Funding for Multilateral and Bilateral projects, Defence and Water Resources.”

He further revealed that the fresh loan would be raised from a combination of sources; namely: multilateral and bilateral lenders, as well as from the International Capital Market (ICM) through the issuance of Eurobonds.

The Senate mandated the Committee on Local and Foreign Debts to submit its report within 14 days.



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Southern California parents die of covid-19, leaving behind five children — including a newborn

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The Macias children, who are being cared for by Daniel’s parents, have not quite grasped what has happened to their mother and father, Serey said. After Daniel died on Sept. 9, a counselor explained to the two eldest children, 7 and 5, that both of their parents were gone, Serey said. While the oldest child — Daniel and Davy’s only son — understood the situation, his younger sister is “still looking for mommy,” Serey said. All of the children, Serey has heard from the grandparents, “spend a lot of time at night looking for mom and dad.”

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Thomas Stemen sentenced to 10 years in prison for injecting stranger with semen

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Last week, Stemen, 53, was sentenced in Anne Arundel County Circuit Court to 10 years in prison for the February 2020 assault at a grocery store in Churchton, Md. He was also convicted of second-degree assault for making contact with, but not hurting, a 17-year-old girl in the same supermarket, and sentenced to five years of probation for that.

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Photographer Alejandro Prieto wins award for photo of roadrunner “blocked” by Trump’s border wall

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Prieto, who has been documenting wildlife for more than 20 years, has been on a mission to show how plants and animals along the U.S.-Mexico border have responded to the barriers. A lot of attention was placed on how the wall would affect immigration and drug smuggling, he said, but he worried about the natural ecosystem.

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