x

Nwawuba Condemns NASS $22.7b Loan Approval

By Samuel Itsede

Member representing Mbaitoli-Ikeduru Federal Constituency in the House of Representatives, Rt Hon Henry Nwawuba, has condemned in strong terms, the House of Reps approval of $22.7b loan request submitted to the National Assembly for approval by the Executive, despite agitation by South East Lawmakers over the exclusion of the South East in the loan utilization plan.

Rt Hon Henry Nwawuba had earlier in March on the flour of House of Representatives, stopped the passage of the loan request vide a petition from the South East Elites pin pointing the deliberate exclusion of the South East in the distribution of key infrastructural projects to be funded with the $22.7b loan. In this same vein, Nwawuba also called for a review of the spending plan to accommodate projects from the South East.

It is regrettable, and very undemocratic to note that the loan request got the approval of the National Assembly without the South East which contributes substantially to the GDP and revenue earnings of the Federation.

It has become very difficult to fathom the rationale behind the stark discrimination against the South East in such critical matter that affects not only the present generation, but generations unborn. More worrisome is the fact that, despite the exclusion of the South East in the utilization plan of the loan, the South East will contribute to the repayment of the loan.

The Federal Government by this singular action, have succeeded in implanting in the psyche of South Easterners, a feeling of distrust, discrimination and marginalization.

As representatives from the South East, my colleagues and I have on different occasions communicated the displeasure of our constituents to the leadership of the National Assembly, on the need to redress the injustice done to our geopolitical zone. Unfortunately, our arguments were drowned out by the voice votes of the rest of the members of the House and the “Ayes” carried the day

I hereby call on all political leaders from the South East, irrespective of political affiliations to join forces with National Assembly members from the zone in demanding that federal projects in the South East are given the same level of priority as projects in other geopolitical zones are given.

There is need for the Federal Government to convince the South East that they are an integral part of this country by seeking alternative ways of funding the Eastern Corridor Rail Line that runs from Port-Harcourt through Enugu to Makurdi, down to Maiduguri, just as they seek to fund projects like the Western Rail Line that runs from Lagos through Ibadan to Kano, with the approved $22.7b external loan.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

NCDMB Raises Bayelsa Media Awards Prize Money to N1m to Foster Journalism Excellence

By Amgbare Ekaunkumo, Yenagoa The Nigerian Content Development and Monitoring...

Diri’s Reforms Transform Local Government Welfare, NULGE Declares

By Amgbare Ekaunkumo, Yenagoa The National Union of Local Government...

Kano Governor Approves Dismissal of Two Aides Over Drug Baron Bail, Palliative Diversion

By Jabiru Hassan The Kano State Government, under Governor Abba...

City and Guilds Approves ITF as Examination Centre

By Israel Adamu, Jos The Industrial Training Fund (ITF) has...

ITF Adopts Digital Communication to Boost Efficiency, Automation

By Israel Adamu, Jos The Industrial Training Fund (ITF) says...

Deputy Speaker, Kalu Bags PhD In Policy and Strategic Studies From UniAbuja

Deputy Speaker of the House of Representatives, Hon. Benjamin...

Ambode Declares Total Support for President Tinubu’s 2027 Re-Election Bid

• Dismisses claims of gubernatorial ambition under ADC. Former Lagos...
spot_img

Related Articles

Popular Categories

spot_imgspot_img