SouthEast Nigeria and the $22.7 Billion Loan Distribution

SouthEast Nigeria and the $22.7 Billion Loan Distribution

It was painful reading this morning how South East senators are protesting that Nigeria did not include South East in the recent $22.7 billion loan distribution which the Senate recently approved. It was really ugly. This is what I found, looking into the loan:

Nigeria’s $22.7b Loan: Projects/Services By Political Zones.

1) South West:-$200,000,000.00
2) South South:- $4,270,000,000.00
3) South East:-  $0.00
4) North West:-$6,372,000,000.00
5) North East:-$300,000,000.00
6) North Central:-$6,531,000,000
General: $5,853,900,000.00

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)

South East
– Nil Nil Nil Nil.

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

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)
– Health System Project ($110m, Katsina)
– Rural water supply and sanitation ($150m; north-east, and Plateau)
– 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)
– Integrated programme for development and adaption to climate change in the Niger Basin ($6m; Nigeria and Niger Republic) – Hope For Nigeria

Source: Damian

President Buhari, do not allow this injustice to stand. Update that distribution and make it to reflect federal character. I think it is fair since South East will help in paying the loan.

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4 thoughts on “SouthEast Nigeria and the $22.7 Billion Loan Distribution

  1. From the people that drafted the documents capturing the projects to those that approved it, didn’t they read the document, and what was the explanation?

    Check this:

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

    We will ‘rehabilitate’ ‘repentant’ Boko Hatam members, and then asked to choose schools of their choice, plus the kind of food they want to it; for killing Nigerians in their thousands.

    When you reward evil deeds so handsomely, then expect more evil to befall you.

    How much did the Nigerian State vote for renovation of Eastern Nigeria, after the destructions of the Civil War? But it sounds so cool for us to amass debt to fund the damage caused by Boko Haram.

    And you are asking Mr President to do something about the injustice? Ok, let me wait and see if he will hear this one, because he hasn’t been hearing other wailing and complaints from Nigerians since!

    Nigeria, we hail thee.

    Reply
  2. The truth is that East is designed for this. It’s their destiny as far as Nigeria is concerned and there is not going to be any remedy. The only way is not in Nigeria but in Biafra.
    That’s the only solution

    Reply
  3. There’s absolutely nothing shocking about the issue; South-East has nothing doing in the forced union called Nigeria. Economically, South-East has the potential to match any part of the world if we can collectively pursue the Biafran agenda.

    We forward to people like you to keep prodding the UN, US, British Govt. and other world powers to free Biafra from the shackles of a tyrannical, poor & unproductive country called Nigeria. #Enoughisenough

    Reply
  4. There’s absolutely nothing shocking about the issue; South-East has nothing doing in the forced union called Nigeria. Economically, South-East has the potential to match any part of the world if we can collectively pursue the Biafran agenda.

    Many of us are looking forward to people like you to keep prodding the UN, US, British Govt. and other world powers to free Biafra from the shackles of a tyrannical, poor, unthinking, backward & unproductive country called Nigeria; but nobody is talking. #Enoughisenough

    Reply

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