Buhari
NASS Approval For $200m Loan For Lagos
President Muhammadu Buhari has written to the Senate President Bukola Saraki requesting for the confirmation of appointment of Ahmed Kuru as the managing director of Assets Management Corporation of Nigeria (AMCON) for a first term of five years.
This is as the president also asked the National Assembly to approve a loan request of $200 million from the World Bank for Lagos State.
Similarly, he also requested for the confirmation of Dr William Babatunde Fowler as executive chairman of the Federal Inland Revenue Service (FIRS) Board for a first term of four years in conformity with section 3(2)(a) of the Federal Inland Revenue Servicesb( establishment) Act, 2007.
Also, the confirmation of the appointment of Engr Professor Umaru Garba Danbatta as the executive vice chairman of the Nigerian Communication commission (NCC) for a first term of five years in accordance with section 8(1) of the Nigerian Communication Act, 2003.
Alongside the confirmation of Kuru as AMCON Boss, is also a request for confirmation of Kola Ayeye (executive director), Eberechukwu Fortunate Uneze (executive director) and Aminu Ismail (executive director)
President Buhari had made the appointments when the Senate was in recess and the appointees have been operating in acting capacity since their appointments, pending their confirmation by the Senate.
In separate letters addressed to the Senate President Bukola Saraki, and President to the Speaker of the House, Rt. Hon. Yakubu Dogara, PMB requested for special approval of Lagos State development policy operation II ( DPO II) under the federal government external borrowing rolling plan (2015-2017).
The loan, which is for a Development Policy Operation (DPOII) was earlier approved in 2010 by the World Bank and it is expected to be implemented in three tranches.
The letter added that the first tranche of the loan was approved by the National Assembly in the 2010 to 2012 Federal Government External Borrowing Plan and the second tranche was contained in the 2012 to 2014 Plan.
Buhari also noted that the DPO-1 was successfully implemented by the Lagos State in 2014.
The letter reads in part: “Following the successful implementation as adjudged by the World Bank, the bank’s Board of Directors approved the second tranche of the DPO on April 29, 2015.”
“The DPO-III was captured in the federal government external (Rolling) borrowing plan of 2014 to 2016 which was discussed with the National Assembly, but was not concluded.’’
Leadership
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