Politics
Senate Set to Approve Tinubu’s $2.2bn Loan Request

The Nigerian Senate is poised to approve President Bola Tinubu’s $2.2 billion loan request today. This loan, part of the external borrowing plan, will partially finance the N9.7 trillion budget deficit in the 2024 fiscal year, as outlined in the N28.7 trillion national budget.
Senate President Godswill Akpabio directed the Committee on Local and Foreign Debts to expedite their review of the request, with a report expected within 24 hours. “This loan is already part of the 2024 external borrowing plan and requires urgent consideration,” Akpabio stated.
In addition to the loan request, President Tinubu submitted the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper for 2025–2027. Key metrics in the MTEF include a $75 per barrel oil price benchmark, daily oil production of 2.06 million barrels, an exchange rate of N1,400 to $1, and a 6.4% GDP growth projection. These figures will guide the proposed N47.9 trillion 2025 budget.
Tinubu also forwarded a Social Investment Programme Amendment Bill to enhance transparency and efficiency in delivering welfare programs. The amendment seeks to designate the National Investment Register as the primary tool for targeting beneficiaries, ensuring data-driven implementation.
“The proposed amendment will make our social welfare programs more impactful in addressing the needs of Nigeria’s most vulnerable citizens,” Tinubu explained.
Both the loan request and legislative proposals signal the administration’s focus on bridging fiscal gaps and improving social welfare mechanisms to combat poverty and inequality across the country.
Politics
Lagos Assembly Crisis: ‘No plan to defect to Labour Party’ — Lawmakers

Members of the Lagos State House of Assembly have denied allegations of defecting from the All Progressives Congress (APC) to the Labour Party.
In a statement signed by Mr. Stephen Ogundipe, Chairman of the House Committee on Information, Strategy, and Security, the Assembly members refuted rumors circulating online, claiming that 25 members were planning to leave APC for an unnamed political party. A similar claim surfaced recently, suggesting that 27 members were considering joining the Labour Party due to leadership disputes within the Assembly.
Ogundipe stated that these claims had been unequivocally refuted, with members expressing their unwavering commitment to APC and their confidence in resolving internal issues through established party mechanisms.
“To avoid any confusion, no APC member of the Lagos State House of Assembly is considering defection. As true progressives, we acknowledge that challenges may arise, but we remain committed to addressing them through democratic and lawful processes,” he said.
He added that the party leadership is fully engaged, and any outstanding issues would be resolved amicably. Ogundipe urged the public to disregard the baseless reports designed to mislead and create unnecessary tension.
“We reaffirm our loyalty to the leader of our party and President of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu,” Ogundipe concluded, emphasizing that the Lagos State House of Assembly would continue focusing on its legislative duties, enacting laws that promote the development of Lagos State.
Finally, he advised those spreading falsehoods to desist, reaffirming the Assembly’s dedication to its legislative mandate.
Politics
Atiku Abubakar Denies Plans to Leave PDP for New Political Party

The media office of former Vice President Atiku Abubakar has dismissed reports suggesting that he is preparing to leave the Peoples Democratic Party (PDP) for another political platform ahead of the 2027 general elections.
In a statement released in Abuja on Saturday, Atiku’s camp described the rumors as baseless and misleading.
“We have observed that some news platforms are peddling unverified information that former Vice President Atiku Abubakar is abandoning the Peoples Democratic Party,” the statement read.
The former vice president’s media team clarified that Atiku remains committed to the PDP and is actively working on forming a broad coalition to challenge the ruling All Progressives Congress (APC) in 2027.
“Atiku is advocating a robust coalition that would accommodate all opposition parties – the PDP inclusive,” the statement added. “It is fallacious and unfounded to allege that the Waziri is jumping the PDP ship.”
The statement further emphasized that Atiku’s focus remains on uniting opposition forces to “rescue Nigeria from the grip of the APC.”
Atiku, who was the PDP’s presidential candidate in the 2023 election, has been vocal about the need for a strong opposition alliance to counter what he describes as the failures of the current administration.
The media office urged Nigerians to disregard speculations about Atiku’s defection, reaffirming that he remains a committed member of the PDP.
Politics
Anambra guber: Concerns over PDP aspirants’ inability to pick forms

The All Progressives Congress (APC) has officially adopted the indirect primary method for selecting its candidate for the November 8, 2025, Anambra governorship election. This decision was announced by the party’s National Secretary, Ajibola Bashiru, after a National Working Committee (NWC) meeting held at the party’s national headquarters in Abuja.
Bashiru stated that the decision aligns with the position of the Anambra State chapter of the APC. He also confirmed that the Abdullahi Ganduje-led NWC will meet with aspirants and stakeholders next Tuesday to finalize the modalities for the primary. Dismissing speculations that the party had already endorsed a preferred candidate, Bashiru emphasized that all seven aspirants remain in contention.
Meanwhile, the Peoples Democratic Party (PDP) is facing concerns over its inability to attract aspirants for the Anambra governorship race. With the deadline for the sale of nomination forms fast approaching, no candidate has yet purchased the party’s N40 million expression of interest and nomination forms.
The PDP had recently expressed confidence in reclaiming Anambra, following a peaceful zonal congress in Enugu, where party leaders unanimously re-elected the Ali Odefa-led executive. However, reports indicate that high costs and internal crises within the party are discouraging aspirants.
With uncertainty surrounding the PDP, aspirants are now turning to alternative platforms such as the APC, Labour Party (LP), and the All Progressives Grand Alliance (APGA) for their governorship ambitions.
As the election race intensifies, political observers will be watching to see how the PDP resolves its internal challenges and whether the APC’s chosen primary process will unify or divide its ranks.
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