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REVEALED: $22.7bn Loan, Buhari Gave ZERO Allocation To South East

SAHARANEWS – The Senate yesterday approved a $22.7 billion loan after a heated debate. Below are the projects it is going to be used for and the regions that benefited.



General:

  • Emergency road rehabilitation and maintenance ($434.7m, nationwide)

– Abidjan-Lagos corridor highway development project study ($1.5m; multinational)

  • Nigeria Housing Finance Project Guarantee Scheme ($100m; national)



– National Social Safety Net Project ($500m, nationwide)

– TCN overall transportation system enhancement project ($200m; nationwide)

– Nigeria Electricity Transmission and Access Project ($364m; nationwide)



– Better Education Service Delivery for All (BESDA) ($500m, nationwide)

– Development finance project ($500m, nationwide)

– Development finance project (2) ($450m, min. of power)

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– MSMEs project ($1.28bn; nationwide)

– NTA digitisation project ($500m; nationwide)

– Agriculture Transformation Agenda Support Project II (ATASP) ($200m, nationwide)



– Staple crops processing zone projects (2) (500m; nationwide)

– Regional disease surveillance systems enhancement project in West Africa ($90m, nationwide)

– Fiscal Governance and Institutions Project (FGIP) ($200m, government institutions)



– Institutional strengthening and implementation of policy reforms ($33.7m, min. of works and housing)

South west:

– Power transmission project ($200m; Lagos, Ogun)

South south

– East-west road ($800m; Niger Delta)

  • Railway modernisation coastal railway project (Calabar-Port Harcourt-Onne deep sea port segment ($3.47bn; Cross River and Rivers states)
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South East

North East

– Multi-sectoral crises recovery programme ($200m, north-east)

– North-east Nigeria integrated social protection, basic health, education, nutrition services and livelihood restoration project ($100m; north-east)



North west

– Kano – Lagos railway modernisation project (kano – Ibadan segment double track) ($5.53bn; kani – Ibadan states)

– Vocational training in power sector ($50m; FCT, Lagos, Ogun. Kano, Plateau, Niger, Enugu, Kaduna and Cross River)

– Kaduna state economic transformation program for results ($35m, Kaduna)

– National Information and Communication Technology Infrastructural Backbone Project (NICTIB) phase II ($328.1m; Lagos, Abuja, Ibadan, Akure, Maiduguri, Lokoja, Kaduna, Akwanga, Bauchi, Kano, Katsina)

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  • Health System Project ($110m, Katsina)

– Rural water supply and sanitation ($150m; north-east, and Plateau)

– Lake Chad Basin Commission ($13m, multinational)

– Integrated programme for development and adaption to climate change in the Niger Basin ($6m; Nigeria and Niger)

– Development of the mining industry ($150m, nationwide)



North central:

– Staple crops processing zone support project ($100m, Kogi)

– Greater Abuja water supply project ($381m; FCT)

  • Abuja mass rail transit project (phase 2) ($1.25bn; FCT)

– Mambila hydro-electric power project ($4.8bn; Taraba)



Summary:

General: $5,853,900,000.00

South west:-$200,000,000.00

South south:- $4,270,000,000.00

South east:-$ 0

North west:-$6,372,000,000.00

North east:-$300,000,000.00

North central:-$6,531,000,000



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1 Comment
  1. Juwon says

    Nigeria is in a big mess. South west and south east should reduce procreation because the payment for these loans will definite come from them and their children will be the slaves to pay back whereas they are getting little from the loan. RESTRUCTURE IS A MUST IF WE MUST STOP THIS USELESS SYSTEM OF ‘MONKEY DEY WORK BABOON THE CHOP’.

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