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Sunday, August 16, 2020

There’s nothing bad in borrowing- Lai Mohammed

 

There?s nothing bad in borrowing- Lai Mohammed

As Nigerians continue to express worry over the nation's increasing debt profile in China and other countries, the Minister of Information and Culture, Lai Mohammed, has said that there is nothing bad in borrowing, provided the funds are invested in infrastructure rather than services or consumption.   

 

According to a statement released by his media aide, Segun Adeyemi, the Minister said this on Saturday, August 15, while speaking with journalists after he and Rotimi Amaechi, minister of transportation, inspected the Lagos-Ibadan rail line.

 

Mohammed said the government does not borrow money for overhead but for capital projects.

 

“There is no better way to answer Nigerians as to what we have done with the money we have borrowed than this trip. On this trip, you have seen first hand the stations being constructed, the rail lines, and the people who are working on the projects.

Rather than arguing with critics, we opted to allow you (journalists) – the ears and eyes of Nigerians – to come and see for yourselves what we are doing with the money we are borrowing.

We didn’t borrow money for services or overhead expenditure. We borrowed money for capital projects: rail; roads; bridges; power – infrastructure generally.

There is nothing bad in borrowing, provided the funds are invested in infrastructure, especially when it will create jobs, create an enabling environment for the economy"  he said

 

On his part, Amaechi said $1.6 billion is being expended on the Lagos-Ibadan standard gauge rail line and the stations.

 

He appealed to the national assembly to approve a $5.3 billion Chinese loan request to enable the government execute the Ibadan-Kano standard gauge rail line.


Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi

 

Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi

 A welcome party for Adama Inidimi and her husband, Prince Malik Ado-Ibrahim, was held in Ebiraland in Kogi state on Saturday, August 15.

 

The welcome party was held in the palace of the Ohoniyi of Ebiraland, Alhaji Ado Ibrahim, on Saturday, August 15. Malik is one of the sons of the Royal father while Adama is the daughter of billionaire oil magnate Mohammadu Indimim

 

Adama and Malik got married in Maiduguri, Borno state on Saturday, August 9.

 

See more photos below..

 

Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi

Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi   Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi Photos and videos from the welcome party of billionaire daughter, Adama Indimi and her husband in Kogi

DSS invites ex-House of Reps speaker, Ghali Na’Abba, over recent TV interview

 



DSS invites ex-House of Reps speaker, Ghali Na?Abba, over recent TV interview

The Department of State Service (DSS) has invited for questioning a former speaker of the house of representatives, Ghali Na'Abba, over his recent interview on Channels TV.

 

During the interview on Thursday August 13, Na'Abba who is a co-chairman of the newly formed political movement, National Consultative Front (NCFront), said Nigeria is now a failed state. He attacked the Buhari-led administration, describing it as incompetent. 

 

In a statement issued on Saturday, August 15, Yunusa Tanko, the spokesman of the NCFront, said Na’Abba would appear at the DSS headquarters on Monday, August 17.

“Please, be notified that the DSS, on Friday, sent an invitation to NCFront Co-Chair and Former Speaker of Nigeria, Rt Hon Ghali Umar Na’Abba after his very profound interview on Channels Television on Thursday, with regards to the NCFront agenda to bring about a new Nigeria that works for all.

However, our leader, Ghali Umar Na’Abba, has decided to honour the DSS invitation and therefore shall be visiting the DSS Headquarters in Abuja, on Monday, at 12 noon.

“All NCFront organs, structures and allies nationwide are, by this notice, put on the alert as eternal vigilance is the price of liberty.”the statement read

 

Na'Abba's invitation comes days after the DSS invited and grilled former deputy governor of the Central Bank of Nigeria CBN, Obadiah Malaifa, over his recent allegation that one of the governors in the Northern states is the leader of Boko Haram sect in Nigeria.


‘It’s an honour to run against you’ - Kanye West congratulates Kamala Harris on democratic VP nomination while calling himself ‘future president'

 


??It?s an honour to run against you? -  Kanye West congratulates Kamala Harris on democratic VP nomination while calling himself ?future president

Kanye West has congratulated Democratic vice presidential nominee Kamala Harris, who was recently selected by Joe Biden as his running mate for the 2020 presidential election.

 

The Billionaire rapper, 43, sent his good wishes to Harris via his Twitter page and acknowledged himself as the 'future president.'

 

He wrote: '‘I know my mum and Kamala Harris would have been friends… 

 

‘Congratulations on being the democratic Vice President nominee… all love and respect from the future president.’

 

 ‘It’s an honour to run against you.’

 

 

Harris will be the first female, the first black and first Asian-American vice-president if Biden is elected on November 3.

 

Kanye West announced his presidential bid last month and is contesting for president under the 'birthday party'. His vice presidential candidate is  Michelle Tidball, a Wyoming life coach.

 

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