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

5 Suspected Vandals of TCN’s Otukpo–Yandev 132kV Line Arrested by Local Vigilante

By Jabiru HassanThe Transmission Company of Nigeria (TCN) says...

I Will Always Respect the Military, Says Wike Amid Abuja Land Dispute

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike,...

NCPC Mourns Death of Chief Moses Adediran Adegbite at 86

By Joyce Remi-BabayejuThe Nigerian Christian Pilgrim Commission (NCPC)...

TCN Commends NSCDC for Arresting Three Suspected Vandals at Osogbo Transmission Substation

By Jabiru HassanThe Transmission Company of Nigeria (TCN) has...

National Youth Alliance Vows to Continue as Movement Until Youth Lead Nigeria

By Jabiru HassanThe National Youth Alliance (NYA) has reaffirmed...

UNICEF Condemns Deadly Attack on Kebbi School, Calls for Immediate Release of School Girls

Joyce Remi-BabayejuThe United Nations Children Fund, UNICEF,...

Mahmoud Urges Asian Investors to Leverage Abuja’s Infrastructure for Business

By Joyce Remi-BabayejuFCT Minister of State, Dr. Mariya...

National Youth Alliance Vows to Continue as Movement Until Youth Lead Nigeria

By Jabiru HassanThe National Youth Alliance (NYA) has reaffirmed...

Salem University Lokoja to Graduate 168 Students at 7th Convocation Ceremony

By Noah Ocheni, LokojaSalem University, Lokoja, is set to...

Bayelsa Trains 1,000 Teachers in Digital Skills to Boost Education Quality

By Amgbare Ekaunkumo, YenagoaBayelsa State has concluded a year-long...

Cancer Elimination: WHO Charges Countries to Make Cancer Tools Accessible to Girls, Women

By Joyce Remi-BabayejuThe World Health Organization, WHO, ...

BAVCCA, COCSON warn against campaign of calumny to kill local fuel refining

Bloggers and Vloggers, Content Creators Association in Nigeria (BAVCCA)...

Related Articles

Popular Categories

spot_imgspot_img