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FEC okays €443.3m, $141m loans to buy fighter jets, ammunition
FEC okays €443.3m, $141m loans to buy fighter jets, ammunition
The Federal Executive Council (FEC) approved credit facilities to improve the Nigerian Air Force’s capabilities, including €443 million and $141 million for the acquisition of fighter aircraft and ammunition.
The Minister of Information and National Orientation, Mohammed Idris, made the announcement on Wednesday after a meeting at the Presidential Villa in Abuja presided over by President Bola Tinubu.
Idris explained that the approval was requested by the Federal Ministry of Finance, which is currently represented by the Minister while on official duty in the United States.
In addition to the fighter aircraft procurement, the FEC also authorized several contracts totaling approximately N44.2 billion for the Nigeria Customs Service (NCS).
He highlighted key approvals made during the meeting, including a credit facility of €443,330,781.49 and $141 million for the purchase of six M346 fighter aircraft and ammunition for the Nigerian Air Force.
Approval was given for agreements aimed at eliminating double taxation and preventing tax evasion with the Hong Kong Special Administrative Region of China and the Republic of Botswana.
Additionally, the FEC approved N78.35 billion for the construction and rehabilitation of two water supply projects: the Buruku/Gboko Water Supply Project in Benue State and the Greater Dutse Water Supply Project in Jigawa State.
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Professor Joseph Utsev, the Minister of Water Resources and Sanitation, shared details about these projects, which will serve over 1.5 million people in Jigawa and 506,000 in Benue. Both projects will utilize solar energy systems to promote sustainability and reduce carbon emissions.
The Minister also addressed the government’s response to recent dam collapses, noting that a committee is assessing critical dams across the country to prevent future incidents. The assessment teams are currently working in various states to gather data and report their findings.
In an initiative for the creative sector, the FEC approved the establishment of a Creative Economy Development Fund.
Minister of Arts, Culture, Tourism and Creative Economy, Hannatu Musawa, reported that Afriexim Bank has committed $200 million to kickstart the fund.
This initiative aims to provide members of the creative industry access to funding, allowing them to leverage their intellectual property as collateral.
Musawa emphasized the importance of establishing basic structures to harness the potential of the creative economy, including the development of an Intellectual Property policy.
This policy is expected to be finalized soon in collaboration with the relevant ministries.
FEC okays €443.3m, $141m loans to buy fighter jets, ammunition
metro
200,000 repentant terrorists surrender, drop arms in North East – CDS
200,000 repentant terrorists surrender, drop arms in North East – CDS
The Chief of Defence Staff, General Christopher Musa, has disclosed that about 200,000 repentant terrorists have so far dropped their arms and surrendered to troops in the North East, noting that the twin strategy of kinetic and non-kinetic operations was responsible for this achievement.
The CDS made this known at the Security and Justice Symposium organised by the Office of the National Security Adviser (ONSA) in collaboration with the British High Commission, which began at the National Counterterrorism Centre in Abuja on Tuesday.
He disclosed that the theme of the symposium, ”Securing Peace, Ensuring Justice, Protection, Conduct, and Accountability,” speaks volumes about the deluge of security challenges the armed forces and security agencies are facing.
His words, “All the challenges we are facing today have to do with fairness, equity, justice, and accountability.
“There will not be peace without justice, equity, fairness, and accountability. In our operations, we are conducting both kinetic and non-kinetic strategies, which have to a large extent yielded significant successes, and we want to particularly thank the National Security Adviser for his great support in this regard.
“Nigeria is going through so many challenges, and we feel we’re able to address this, and everybody has a sense of belonging. A lot of the security challenges we are having, we are sure, will go down. I want to thank the National Security Advisor for all the support he’s given us, both the kinetic and the non-kinetic.
“We have said it; the kinetic aspect is just less than 30%. The non-kinetic has a lot to play. The non-kinetic, because when you have democracy, people must have the evidence of democracy. As long as it tells people to sleep well and be peaceful, and they are hungry, their children cannot eat, and all this creates more problems.
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“The issue of informants. We have to look at how we tackle this issue of informants. Because these are the people who have created the issue.
200,000 repentant terrorists surrender, drop arms in North East – CDS
metro
Robbers kill two members in shoot-out with Delta police
Robbers kill two members in shoot-out with Delta police
The spokesperson for the police in Delta State, SP Bright Edafe, has confirmed the death of two robbery suspects in the state.
Mr Edafe, who disclosed this to journalists on Tuesday in Warri, said that the deceased were killed from the bullets shot by their gang members.
According to him, the incident occurred on Wednesday at Effurun, Uvwie Local Government Area of the state.
Mr Edafe explained that the deceased were leading the police surveillance team attached to the Ekpan Division to their hideout when they were caught during a shoot-out.
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“The suspects were arrested at Effurun roundabout with a bag containing 57 live cartridges and other items. They were leading the surveillance team to their hideout at Warri/Sapele road when their gang members, on sighting the vehicle of the police team, engaged them in a shootout.During the gun duel, the arrested suspects that were leading the police team were fatally wounded by the gun shot of their colleagues. The two injured suspects were taken to the hospital and later died while receiving treatment,” he said.
Mr Edafe said that items recovered from the hoodlums hideout included: one English pump action gun, one locally made cut-to-size gun and eight live cartridges.
Others were: six iPhones, Smart phones and a Rolex wrist watch.
He said that the command had intensified manhunt on the fleeing members of the gang.
Robbers kill two members in shoot-out with Delta police
(NAN)
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