Senator Shehu Sani Gives DMO Marching Order On How To Educate Nigerians
The Senate has stressed that with more advocacy on the issue of debt management and servicing, Nigerians will be better placed to lend their support to government’s effort in raising funds from the capital and bonds’ market for development purposes.
The chairman, Senate Committee on Local and Foreign Debts, Senator Shehu Sani, has advised Debt Management Office (DMO), to embark of enlightening Nigerians why debts are taken, for what purpose and what the society stands to benefit from such borrowing.
Senator Shehu, who spoke at a three-day retreat, organised for members of the committee by the DMO in Minna, Niger State said with such enlightenment, Nigerians would be in a better position to support initiative aimed at driving development.
He advised the DMO to develop a framework in the major languages in the country to get the citizens to understand the nitty gritty of debts.
“There is need for strategy mix anchored on proper advocacy on what debt management is all about. Nigerians want to know why governments borrow, to what purpose such debts are taken and I can say that once it is well explained, the people will key into the programme.
“I therefore hope that the DMO will rev up its advocacy especially in the major languages because a whole lot of Nigerians don’t seem to understand why their states governments will take loans and they cannot see why the loan was taken in the first instance.
“Debt is a veritable tool for economic growth and development if properly managed. I also believe that an effective debt management that emphasizes transparency due process, and fiscal discipline can precipitate a turnaround in the economy.”
Senator Shehu promised that the Senate will look at the DMO Act to amend it to meet the realities of the present economic situation, even as he said that the legislature should be involved in the negotiations of loans as it will not only enhance their capacity but offer a clear insight into the terms and conditions of such loans.
Also, a member of the committee, Senator Sani Yerima, said there was need for greater collaboration between the National Assembly and the executive so that Nigerians can stand to reap the benefits of borrowed funds.
Yerima explained that loans help to fast track development, employment generation and helps government to bridge the funding gap but decried a situation of arbitrary borrowing by states without a ceiling.
“As governor, we had caps to what we could borrow. But today states borrow arbitrarily and leave debts that will be repaid for the next 3- to 40 years. The National Assembly will work closely with the DMO to develop a framework on this matter.”
This was even as the Director General of the DMO, Dr. Abraham Nwankwo said that the workshop with the theme; Processes and Procedures for External and Domestic Borrowing and Settlement, has become imperative given the funding of the 2016 budget from loans.
Nwankwo said that the federal government does not just borrow for borrowing sake but to address the challenge of development and infrastructure growth.
He explained that the workshop is not only to keep the lawmakers abreast of developments in the Nigerian debt sector but to get their buy-ins in the DMO’s drive to seek for funding from the capital market.
The DMO boss said that states have not been barred from raising funds rather that the National Economic Council was against borrowing from commercial banks but supports states seeking for capital from bonds, which is cheaper and more sustainable in the long run. [myad]








Dino Melaye, Stop Fighting ‘God’ In Kogi, By Omeiza Ajayi
I would have called your cell-phone to bare my mind to you, but knowing from experience, that you hardly pick calls nor reply text messages of people you have not met or interacted with before, I have chosen this medium only as a last resort.
When in late January, during the swearing-in of “Mallam” Bello, in a crass display of sycophancy, you abused and made mockery of the voting power of the Kogi electorates, you did not foresee what laid ahead. You had unabashedly stated that while the people of Kogi state voted en mass for the late Prince Abubakar Audu, the immortal God voted for Alhaji Yahaya Bello, and then, at the height of your self-proclaimed, albeit false claim, to prophet-hood, warned of dire divine consequences for those who may want to go against the tide.
As a partisan politician, you conveniently elected to forget the Latin maxim, Vox Populi, Vox Dei. Sir, you should have known that the voice of the people is the voice of God. The people voted for APC, irrespective of who its candidate was.
It was therefore with great consternation that on Monday, June 13, I saw you and your fellows of identical plummage flock into the national secretariat of the APC in Abuja in a manner that appeared more like a breach of protocol.
You had just finished a meeting where you constituted an 11-man disciplinary committee to probe the alleged anti-party tendencies of Gov. Bello.
While you chair the committee, other members include some “yesterday men” – Sen. Mohammed Salami Ohiare, Sen. Salihu Ohize, Sen. Abubakar Abdulrahman and Sen. Nicholas Ugbane. Others are Haddy Ametuo, Hon. Buba Jibril, Hajia Hajara Aliyu, Folasade Joseph, Suleiman Baba Ali and Barrister S. Adejoh.
And your grouse according to you is that; “Out of 15 commissioners the governor appointed, 13 are from PDP and two from the APC. Out of 105 members of the caretaker committees for the 21 local government areas, PDP has 72 and APC 33.
“Out of the 28 special advisers and senior special assistants he appointed, PDP has 24, APC one, APGA one, Labour Party one and Accord Party one”.
Knowing that you were once in the PDP along with many of those on your committee, would it be right to deny you full integration into the APC and still refer to you as “PDP guys?”
Should President Muhammadu Buhari be accused of anti-party activities for appointing Rotimi Amaechi, Nasir el-Rufai, Audu Ogbeh, Heineken Lokpobiri and many other ex-PDP bigwigs into his cabinet? While you might be right to say that some of the governor’s appointees were ex-PDP men, just like you, you would most certainly be stretching political lunacy too far to still posit that those appointees are currently card-carrying members of the PDP.
Perhaps, rather than just brandish figures, it would do you much good to mention the names of Bello’s appointees who are PDP members so that they can directly defend themselves.
In any case, these allegations, on the surface value, are weighty except that they lack any evidential value.
As you very well know, in law and in fact, the onus probandi or burden of proof lays with you. To put it more explicitly, semper necessitas probandi incumbit ei qui agit, (that is, the necessity of proof always lies with the person who lays charges).
Indeed, rather than “summoning” the governor, a power which, ab initio your committee does not possess and cannot consequently exercise, you should be proving to the relevant organs of the party, by way of a strong petition with evidences showing that your allegations are worth the paper on which they are penned.
In the light of the ethno-political fault-lines and tension in the state, would it even be a bad idea to run a Government of State Unity just as we have governments of national unity in some climes?
Distinguished, what has changed between January 27 and June 13? Why the sudden change of attitude? The governor has accused you of wanting to nominate all his appointees from the Western Senatorial flank of the state and that his insistence on “following his mind” is the reason why your ego is bruised. Anyway, that was what he said. It’s left for you to give us a counter-narrative.
Lest I forget my manners, how is family? Hope you are all doing fine? Please, say me well to Uncle Bukky, and Bros #CommonSense. Lastly, don’t forget my Ramadan rice o. Plus millet too. Boys are not smiling, atol, atol.
Ehen, don’t forget to remind Adayi Ohiare of the character that wrote the petition which eventually led to his disgraceful sack from the senate. We hear they are now together in arms against the governor.
Omeiza Ajayi, JP, is an Abuja-based Journalist and can be reached on Whatsapp via: 08050562095 or, omezonline@gmail.com.