Loan request – Tedxyouth Caltech http://tedxyouthcaltech.com/ Wed, 08 Dec 2021 09:09:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://tedxyouthcaltech.com/wp-content/uploads/2021/10/icon-5-120x120.png Loan request – Tedxyouth Caltech http://tedxyouthcaltech.com/ 32 32 BOC launches online loan application service for SMEs https://tedxyouthcaltech.com/boc-launches-online-loan-application-service-for-smes/ Sat, 13 Nov 2021 20:11:39 +0000 https://tedxyouthcaltech.com/boc-launches-online-loan-application-service-for-smes/ BOC, Sri Lanka’s largest state-owned commercial bank, recently entered another new customer-centric feature by unveiling the official “SME Online” loan application process. The inauguration took place recently at the BOC television premises under the patronage of the Bank’s Managing Director, Mr. KED Sumanasiri. Deputy Managing Director (Sales and Channel Management) Mr. Priyal Silva, Marketing Director […]]]>

BOC, Sri Lanka’s largest state-owned commercial bank, recently entered another new customer-centric feature by unveiling the official “SME Online” loan application process. The inauguration took place recently at the BOC television premises under the patronage of the Bank’s Managing Director, Mr. KED Sumanasiri. Deputy Managing Director (Sales and Channel Management) Mr. Priyal Silva, Marketing Director Mr. Sameera Liyanage, AGA (Development Bank) Mr. DASS Wimalasiri, AGM Province Sales Management Ms. Udaya Kumari, AGA (Marketing) Mr. AT Hettiarachchi, and officials from the Development Banking Division participated in the launch.

The Bank of Ceylan in its quest to improve the facilities and opportunities available to Sri Lankan Small and Medium Entrepreneurs (SMEs) by providing modern digital banking facilities. In recent times, the world has seen virtual transactions gain momentum, especially after the Covid-19 period. The Bank, while keeping intact its client orientation, launched this processing of SME loan application online without neglecting the SME sector of the country in this period of pandemic.

This SMB online service can be obtained simply by logging into the BOC website and filling out the simple request form in the client’s preferred language. (Sinhala, Tamil, English) which could be done even using a cell phone.

The completed application will reach BOC’s Development Banking Division and after the initial processing process, the application will be forwarded to the respective area managers and then to the relevant branch through an online process for final execution and processing. completion. The process will take the minimum possible time depending on the availability of the minimum required documents.

With a range of loan programs to meet the different requirements of SMEs, the bank wishes to respond with a futuristic vision to enhance the contribution of sectors such as agriculture, fisheries, dairy production and manufacturing to the national economy.


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Senate approves Buhari’s $ 16 billion, € 1 billion and $ 125 million loan request https://tedxyouthcaltech.com/senate-approves-buharis-16-billion-e-1-billion-and-125-million-loan-request/ https://tedxyouthcaltech.com/senate-approves-buharis-16-billion-e-1-billion-and-125-million-loan-request/#respond Thu, 11 Nov 2021 07:10:48 +0000 https://tedxyouthcaltech.com/senate-approves-buharis-16-billion-e-1-billion-and-125-million-loan-request/ THE Senate on Wednesday approved President Muhammadu Buhari’s request to borrow $ 16,230,077,718; € 1,020,000,000 and a grant component of $ 125,000,000 under the 2018-2020 external borrowing plan. The approval follows the review and approval of its committee’s report on local and foreign debt. The loans were, however, approved without the terms and conditions as […]]]>

THE Senate on Wednesday approved President Muhammadu Buhari’s request to borrow $ 16,230,077,718; € 1,020,000,000 and a grant component of $ 125,000,000 under the 2018-2020 external borrowing plan.

The approval follows the review and approval of its committee’s report on local and foreign debt.

The loans were, however, approved without the terms and conditions as the Senate urged President Buhari to pass the terms of the loan to the Upper House.

President Muhammadu Buhari had, in a letter read on the Senate floor on September 15, 2021, asked lawmakers to approve the loans.

Loans must come from the World Bank, China EXIM Bank, Industrial and Commercial Bank of China, Chinese Development Bank, African Development Bank (ADB), French Development Bank (AFD) , the European Investment Bank, the International Capital Market and Standard Chartered. Bank.

The loans, Buhari said, were to finance critical infrastructure projects across the country.

Committee chairman Senator Clifford Ordia said his panel found that out of more than $ 22.8 billion previously approved for borrowing by the National Assembly under the Rolling Plan of 2016-2018 external borrowing, only $ 2.8 billion, or 10 per cent, was disbursed in Nigeria.

“The Committee therefore notes that the pressure exerted on the human and financial resources of the National Assembly to approve loans within the framework of the medium-term external borrowing plans is not necessary.

“The committee observes that these projects, some of which require additional funding, will have a significant multiplier effect on stimulating economic growth through infrastructure development, job creation, poverty reduction, health care and improving the security architecture, ”he said.

Ordia therefore recommended that the Senate approve the “ongoing negotiation of external loans in the amount of $ 16,230,077,718; € 1,020,000,000 and a grant component of $ 125,000,000 under the 2018-2020 external borrowing plan.

YOU MUST NOT MISS THESE TITLES NIGERIAN TRIBUNE

Lagos is the second least livable city in the world for 2021

Lagos is the second least livable city in the world for the year 2021. This is according to the most recent annual ranking established by the Economist Intelligence Unit (EIU) …

FACT CHECK: Has UNICEF declared that blocking children’s access to pornography is a human rights violation?

ALLEGATION 1: A Twitter user claims that UNICEF has said that any effort to prevent children from accessing pornography could violate their human rights.

VERDICT: MISLEADER!


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Senate approves Buhari’s foreign loan request without knowing terms and conditions https://tedxyouthcaltech.com/senate-approves-buharis-foreign-loan-request-without-knowing-terms-and-conditions/ Wed, 10 Nov 2021 08:00:00 +0000 https://tedxyouthcaltech.com/senate-approves-buharis-foreign-loan-request-without-knowing-terms-and-conditions/ The Senate on Wednesday approved the federal government’s request to borrow 16.2 billion euros, 1 billion euros and a subsidy of 125 million dollars as part of the external borrowing plan (rolling) 2018-2020. Approval follows review and approval of the Senate Committee Report on Local and Foreign Debt. The loans are however approved without the […]]]>

The Senate on Wednesday approved the federal government’s request to borrow 16.2 billion euros, 1 billion euros and a subsidy of 125 million dollars as part of the external borrowing plan (rolling) 2018-2020.

Approval follows review and approval of the Senate Committee Report on Local and Foreign Debt.

The loans are however approved without the terms and conditions as the Senate urged President Buhari to pass the terms and conditions of the loan to the Upper House.

President Muhammadu Buhari had, in a letter read to the Senate on September 15, 2021, asked the Red Chamber to approve loans of $ 4,054,476,863, € 710,000,000 and $ 125,000,000.

The loans must come from the World Bank, the Chinese Bank EXIM, the Industrial and Commercial Bank of China, the Chinese Development Bank, the African Development Bank (ADB), the French Development Bank (AFD) , the European Investment Bank, the International Capital Market and Standard Chartered Bank.

The loans, Buhari said, were to finance critical infrastructure projects across the country.

Committee chairman Sen. Clifford Ordia (PDP, Edo) said his panel found that out of more than $ 22.8 billion previously approved by the National Assembly as part of the rolling plan to 2016-2018 external borrowing, only $ 2.8 billion, i.e. 10% disbursed in Nigeria.

“The committee therefore notes that the strong pressure exerted on the human and financial resources of the National Assembly to approve loans under the medium-term external borrowing plans is not necessary.

“The Committee observes that these projects, some of which require additional funding, will have a significant multiplier effect on stimulating economic growth through infrastructure development, job creation, poverty reduction, health care and improving our security architecture, ”he said.

He said the committee therefore recommended that the Senate approve the “ongoing negotiation of external loans in the amount of $ 16,230,077,718; € 1,020,000,000 and a grant component of $ 125,000,000 as part of the 2018-2020 external borrowing plan.

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Viral Voice Note on Fake WhatsApp Billing

Complain: A viral WhatsApp voice note, allegedly authored by the director and CEO of WhatsApp, claims that users will have to start paying for WhatsApp services.

Verdict: The viral WhatsApp voice note claim is a hoax. The content is not new and has been released as a broadcast message several times in the past.

Senate approves Buhari’s foreign loan request without knowing terms and conditions


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Sokoto APC condemns Tambuwal’s demand for 28.7 billion naira loan https://tedxyouthcaltech.com/sokoto-apc-condemns-tambuwals-demand-for-28-7-billion-naira-loan/ https://tedxyouthcaltech.com/sokoto-apc-condemns-tambuwals-demand-for-28-7-billion-naira-loan/#respond Mon, 08 Nov 2021 17:53:17 +0000 https://tedxyouthcaltech.com/sokoto-apc-condemns-tambuwals-demand-for-28-7-billion-naira-loan/ The Sokoto State All Progressive Congress (APC) has accused the state governor and his political party of maladministration in the performance of his constitutional duties. The party also disapproved of the quest of Governor Aminu Tambuwal’s administration to receive a new loan amounting to N28.7 billion. The chairman of the party, the Hon. Isa Sadiq […]]]>

The Sokoto State All Progressive Congress (APC) has accused the state governor and his political party of maladministration in the performance of his constitutional duties.

The party also disapproved of the quest of Governor Aminu Tambuwal’s administration to receive a new loan amounting to N28.7 billion.

The chairman of the party, the Hon. Isa Sadiq Acida, speaking to reporters in Sokoto on Sunday, described the governor’s decision as an act of “wickedness” aimed at imposing inexplicable debts on unborn generations.

“We at the APC are seriously disbursed by the recent revelation that the Sokoto state government is going to receive another huge loan of 28.7 billion naira.

“With this development, Sokoto State is poised to become the second most indebted state in Nigeria, just behind Lagos.

“We are disburdened by the fact that a state like Sokoto, with a weak economy, becomes even more impoverished with loans that are wasted on unprofitable businesses,” Acida said.

Acida also raised the party’s concern over what he described as a deliberate removal of some people from the payroll of local government councils in the state.

According to Acida, “These deliberate suppressions, otherwise known as omissions, have become another political weapon in the hands of the PDP administration in Sokoto State.

“We want to categorically call on the state government to put an end to this political vendetta. If the government does not call its officials to order, the APC will not hesitate to roll-call victims and their relevant data, for appropriate action.

The party said it praised the people of the state for their endurance, adding that “any well-meaning state citizen should be seriously disbursed with the manner and manner in which the PDP-led administration has handled the affairs of our state “.

He further accused the party of being unable to differentiate politics from administration, stressing that the PDP-led administration in the state is a complete failure.

The press release says the few capital projects are designed more as a showcase to impress visitors.

He said the quality of the projects cannot stand the test of time because “a number of them have already started to collapse, especially the new two-lane track near the Federal College of Sciences, Sokoto “.

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Viral Voice Note on Fake WhatsApp Billing

Complain: A viral WhatsApp voice note, allegedly authored by the director and CEO of WhatsApp, claims that users will have to start paying for WhatsApp services.

Verdict: The viral WhatsApp voice note claim is a hoax. The content is not new and has been released as a broadcast message several times in the past.

Experts say mixture of snail slime and evaporated milk cannot cure stroke

CLAIM: Facebook user claims water from snails (snail slime) and spike milk can cure partial or full stroke.

VERDICT: The claim that the water obtained from snails (snail slime) and spike milk can cure partial or complete stroke is false.

FULL STORY: On July 26, 2020, Facebook user Prince Nnamdi Enyinnaya Emelelu Eluwa claimed in an article that water obtained from snails (snail slime) and spike milk can cure an accident partial or complete cerebrovascular. The post, which is over a year old, was recently re-shared by other Facebook users.

Marburg virus: what you need to know about the disease recently detected in West Africa

On Monday August 9, 2021, the World Health Organization (WHO) confirmed the first case of Marburg virus in West Africa in Guinea. This development has sent shivers down the spines of West Africans who are still grappling with the effects of the coronavirus pandemic. But before this dreaded disease is greeted with rumors and misinformation, here’s what you need to know about the virus. APC says it’s creating a health emergency trust fund …

FACT CHECK: US failed to grant Nigeria 48-hour ultimatum to detain Abba Kyari

CLAIM: Several social media posts claim that the United States of America (United States) has given the Nigerian federal government 48 hours to arrest suspended Deputy Police Commissioner Abba Kyari on pain of severe penalties.

VERDICT: The assertion is false and misleading. The United States did not give the Nigerian federal government a 48-hour ultimatum to detain Abba Kyari.


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Cadott Lead Drinking Water Service Line Loan Application Notices Solicited | News from the region https://tedxyouthcaltech.com/cadott-lead-drinking-water-service-line-loan-application-notices-solicited-news-from-the-region/ Fri, 05 Nov 2021 07:00:00 +0000 https://tedxyouthcaltech.com/cadott-lead-drinking-water-service-line-loan-application-notices-solicited-news-from-the-region/ MADISON, Wisconsin – The Wisconsin Department of Natural Resources (DNR) today announced that the village of Cadott is an applicant for funding under the Drinking Water Loan Program (SDWLP) to fill gaps in its public drinking water system. The project involves the replacement of lead service lines in the village of Cadott. The activities related […]]]>

MADISON, Wisconsin – The Wisconsin Department of Natural Resources (DNR) today announced that the village of Cadott is an applicant for funding under the Drinking Water Loan Program (SDWLP) to fill gaps in its public drinking water system. The project involves the replacement of lead service lines in the village of Cadott.

The activities related to this project are minor actions under chapter NR 150, Wis. Admin. Code, for which no environmental analysis is required; However, per federal requirement SDWLP 40 CFR §35.3580, an environmental review must be performed prior to funding this project.

The SDWLP has determined that the Project will not cause significant adverse environmental effects and that no further environmental review or analysis is necessary before proceeding with funding for the Project.

The public is encouraged to submit comments regarding this decision and the potential environmental impacts of this project. Submit your comments by November 19, 2021 to:

Ministry of Natural Resources

C / O Kevin Olson, Community Financial Aid, CF / 2

Based on the comments received, the SDWLP can prepare an environmental scan before proceeding with the funding process. The analysis would summarize MRN’s review of project impacts and reasonable alternatives.


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The strange request for a mosquito net loan https://tedxyouthcaltech.com/the-strange-request-for-a-mosquito-net-loan/ https://tedxyouthcaltech.com/the-strange-request-for-a-mosquito-net-loan/#respond Mon, 01 Nov 2021 04:38:42 +0000 https://tedxyouthcaltech.com/the-strange-request-for-a-mosquito-net-loan/ CRITICS continued to follow the federal government’s controversial plan to spend $ 200 million, or more than 82 billion naira, on the purchase of mosquito nets and ancillary drugs to fight malaria in 13 of the 36 states of the federation. . The disapproval of this unusual proposal by many Nigerians is not only based […]]]>

CRITICS continued to follow the federal government’s controversial plan to spend $ 200 million, or more than 82 billion naira, on the purchase of mosquito nets and ancillary drugs to fight malaria in 13 of the 36 states of the federation. .

The disapproval of this unusual proposal by many Nigerians is not only based on the colossal amount of money to be spent on what amounts to frivolity under the circumstances, but also on the fact that the government is considering taking out a foreign loan to make the purchase since he doesn’t have the money. Why is the purchase of mosquito nets so critical at this time that the country must
to increase its already colossal stock of foreign loans? Yes, malaria is still a disease that poses a serious threat to the health of many Nigerians, but they have always found ways around it, and there are no urgent or new indications of extraordinary exacerbation or serious illness-related health problems to warrant borrowing. buy mosquito nets right now. In addition, advocacy for the fight against malaria all over the world makes mosquito nets free. Even local philanthropists and non-governmental organizations (NGOs) distribute mosquito nets for free. Indeed, there is almost an overabundance of mosquito nets in the country.

And assuming, but not admitting, that there is a compelling need for bed nets in the country, why can’t the government use its goodwill to attract local and international donors to help fill any gaps? Given the commitment and dedication of many of these donors to their causes, as evidenced by the intense advocacy often given to the distribution of free mosquito nets, it is reasonable to assume that many of them would gladly partner with them. government to distribute free mosquito nets. Why does the government not explore this option, especially when it does not have the resources to obtain the mosquito nets, that leaves much to be desired. And anyway, what happens to the 450 million naira that would have been budgeted to fight against malaria in the 2022 budget bill? Is there an unclean motive behind buying mosquito nets using debt capital? Isn’t it fun and curious that “not to be sold” is always printed on the nets, when they are readily available for sale in the market?

Why does this government seem to have a frenzied predilection for loans? Does this mean good for the country? And if the government is to appease its apparent penchant for borrowing, why has it not provided for local production of mosquito nets so that at least the colossal sum to be borrowed circulates through the country’s economic system? Why should the government agree to an arrangement that gives the creditor disproportionate leeway to dictate how and on what to spend the loan, and perhaps with foreign net suppliers? How will the country benefit most from the planned foreign loan when almost all of it will be
to be pumped to foreign economies by subterfuge?

The World Health Organization (WHO) has just approved the first vaccine against malaria. The hype around this important breakthrough may not be that high
diseases of global concern, but countries in the tropics like Nigeria where malaria is most prevalent should seriously consider
vaccinate their citizens instead of borrowing to buy mosquito nets. The plan to borrow to buy mosquito nets is strange and amounts to a serious shift in priority which casts it in the mold of an administration that is not serious or serious about good governance. And with this quirk, how will the international community now look at Nigeria and how would other world leaders view their colleague who could not set his priorities correctly?

We applaud the Senate for questioning queer lending, especially its purpose. In the current circumstances, it is unreasonable to increase the country’s already worrying external debt
in order to fight against malaria, especially if the intention is not to stimulate the local production of mosquito nets and auxiliary therapies to fight against the disease.


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Senate Committee Denies Buhari’s $ 700 Million Loan Request For Water Project | The Guardian Nigeria News https://tedxyouthcaltech.com/senate-committee-denies-buharis-700-million-loan-request-for-water-project-the-guardian-nigeria-news/ Thu, 28 Oct 2021 07:00:00 +0000 https://tedxyouthcaltech.com/senate-committee-denies-buharis-700-million-loan-request-for-water-project-the-guardian-nigeria-news/ The Senate Committee on Local and Foreign Debt rejected President Muhammadu Buhari’s request for a loan for sustainable water supply, sanitation and hygiene in urban and rural areas (SURWASH) under the supervision of the Ministry of Resources in water. This came 24 hours after the health ministry appeared before the panel to seek approval of […]]]>

The Senate Committee on Local and Foreign Debt rejected President Muhammadu Buhari’s request for a loan for sustainable water supply, sanitation and hygiene in urban and rural areas (SURWASH) under the supervision of the Ministry of Resources in water.

This came 24 hours after the health ministry appeared before the panel to seek approval of $ 200 million for the purchase of mosquito nets and malaria medicine.

Lawmakers, who took turns criticizing the request, asked the ministry to provide the panel with the loans collected so far and the projects they were linked to.

The chairman of the committee, Senator Clifford Ordia, recalled that three different loans had been approved for various water-related projects.
He said: “$ 450 million for the Ministry of Water project financed by the African Development Bank (AfDB) and another loan of $ 6 million under the integrated development program also financed by the AfDB and Gurara Water Project.

“You have to tell us what you are doing with $ 700 million for water projects.” The panel therefore decided to summon the minister, Adamu Suleiman, to offer an explanation of the previous loans and how they were deployed.

In his contribution, Senator Obinna Ogba said he was against the offer, arguing that previous credits had not been felt. Senator Ibrahim Oloriegbe sought out the criteria for selecting recipient states amid his opposition to the new loan.

Also opposed, Senator Sani Musa advised the committee to choose one that works after careful consideration. Earlier, the permanent secretary of the ministry, Ms Esther Didi Walson-Jack, who could not provide a convincing explanation for the previous loans, told the committee that SURWASH would last five years, adding that $ 640 million was needed. for the project and $ 60 million for capacity building.

FURTHER, the Senate Interior Committee announced that it will meet with the Chief Justice of Nigeria (CJN), Tanko Muhammad, the Nigerian Bar Association (NBA) and other stakeholders on the decongestion of detention centers and the fate of detainees awaiting trial.

Committee chair Senator Kashim Shettima dropped the hint when Nigerian correctional officials appeared before the 2022 budget advocacy panel. He confirmed that 47,000 of the 66,000 detainees in detention centers of the federation were awaiting trial.

The former governor of Borno state regretted that the situation had resulted in the congestion of centers nationwide. The legislator added that the decongestion of penitentiary establishments had become necessary to make them habitable and truly reforming prisoners.

The committee said it would advocate an upward revision of the cost of feeding prisoners from N450 to N1000 per day. The NCoS, in its 2022 estimates, proposed an increase in the cost of feeding from N450 to N750, citing the high cost of food products. But a member of the panel, Senator Chukwuka, said the amount was “woefully insufficient to feed the detainees.”


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Senate committee rejects Buhari’s $ 700 million loan request for water project https://tedxyouthcaltech.com/senate-committee-rejects-buharis-700-million-loan-request-for-water-project/ https://tedxyouthcaltech.com/senate-committee-rejects-buharis-700-million-loan-request-for-water-project/#respond Wed, 27 Oct 2021 17:26:48 +0000 https://tedxyouthcaltech.com/senate-committee-rejects-buharis-700-million-loan-request-for-water-project/ Members of the Senate Committee on Local and Foreign Debt on Wednesday rejected President Muhammadu Buhari’s request for a $ 700 million loan to the National Assembly for the sustainable supply of water, sanitation and hygiene in the environment. urban and rural (SURWASH) under the Ministry of Water Resources. It comes 24 hours after the […]]]>

Members of the Senate Committee on Local and Foreign Debt on Wednesday rejected President Muhammadu Buhari’s request for a $ 700 million loan to the National Assembly for the sustainable supply of water, sanitation and hygiene in the environment. urban and rural (SURWASH) under the Ministry of Water Resources.

It comes 24 hours after the health ministry appeared before the committee to seek approval for loans of $ 200 million for the purchase of mosquito nets and malaria medicine.

Lawmakers who in turn questioned the Urban and Rural Water, Sanitation and Hygiene Sustainable Supply (SURWASH) loan asked the ministry to provide the committee with updates on the loans collected. so far for water projects within the ministry.

According to the chairman of the committee, Senator Clifford Ordia, said that three different loans have been approved for various water projects.

Ordia said: “$ 450 million for the Ministry of Water project financed by the African Development Bank and another loan of $ 6 million under the integrated development program also financed by the African Bank of development and the Gurara water project.

“You have to tell us what you are doing with $ 700 million for water projects.”

The Committee therefore agreed to summon the Minister of Water Resources, Adamu Suleiman, to appear before it to explain the loans and the status of loans collected so far.

Speaking against the loan, Senator Obinna Ogba (Ebonyi Central PDP) said he would be against approving the loan as some of the loans collected so far for water projects are unsuccessful.

He said: “This loan, I no longer support this one, that’s enough”

Also opposing the loan, Senator Ibrahim Oloriegbe (APC Kwara Central) asked what the criteria for selecting recipient states were, adding that the details provided by the permanent secretary of the ministry were not sufficient to justify the loan.

Oloriegbe asked, “What are the criteria for selecting recipient states, the details you provide are not enough, what projects do you want to do with $ 640 million and how many water projects are you going to do.”

“You give $ 3 million to each state to develop staff capacity, do we need a loan to do that function, you mean all states can’t do it alone.”

Senator Sani Musa (APC Niger), while opposing the loan, advised the Committee to consider all requests and choose the one that is necessary.

The Nigerien senator said, “We should look at this loan and take the ones that are needed and we should give up the ones that are not needed. We have to look at it very critically. “

Senator Brima Enagi also protested against the request for loans of $ 700 million for sustainable urban and rural water supply, sanitation and hygiene (SURWASH) which asked the ministry to know the status of the project. Gurara.

Previously, the Permanent Secretary of the Ministry of Water Resources, Ms. Esther Didi Walson-Jack, who was unable to provide an explanation on previous loans approved for water projects, told the Committee that the supply in Urban and Rural Sustainable Water, Sanitation and Hygiene (SURWASH) will last five years.

She added that $ 640 million will be used for the project while the $ 60 million will be used for capacity building.

The permanent secretary said the proposal was negotiated with the World Bank in April 2021 and approved by the Federal Executive Council (FEC) on August 11, 2021.

The states that will benefit from the $ 700 loan from the World Bank are Delta, Ekiti, Gombe, Imo, Kaduna, Katsina and Plateau with matching funding of $ 175 million.

The program will provide improved water sanitation and hygiene (WASH) services to 2,000 schools and health facilities and help 500 communities achieve open defecation free status.

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Viral Voice Note on Fake WhatsApp Billing

Complain: A viral WhatsApp voice note, allegedly authored by the director and CEO of WhatsApp, claims that users will have to start paying for WhatsApp services.

Verdict: The viral WhatsApp voice note claim is a hoax. The content is not new and has been posted as a post several times in the past. Senate committee rejects Buhari’s $ 700 million loan request for water project

Senate committee rejects Buhari’s $ 700 million loan request for water project


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Non-us $ 200 million mosquito net loan request – NPHCDA https://tedxyouthcaltech.com/non-us-200-million-mosquito-net-loan-request-nphcda/ https://tedxyouthcaltech.com/non-us-200-million-mosquito-net-loan-request-nphcda/#respond Wed, 27 Oct 2021 16:43:40 +0000 https://tedxyouthcaltech.com/non-us-200-million-mosquito-net-loan-request-nphcda/ The National Primary Health Care Development Agency (NPHCDA) said it was not advocating a loan of $ 200 million for the import and local production of mosquito nets in the country. A statement made available to Tribune Online on Wednesday in Abuja, signed by its head of the public relations unit, Mohammad Ohitoto, indicates that […]]]>

The National Primary Health Care Development Agency (NPHCDA) said it was not advocating a loan of $ 200 million for the import and local production of mosquito nets in the country.

A statement made available to Tribune Online on Wednesday in Abuja, signed by its head of the public relations unit, Mohammad Ohitoto, indicates that the attention of the National Primary Health Care Development Agency has been drawn to a Online publication citing ED / NPHCDA CEO, Dr Faisal Shuaib to advocate for a loan of $ 200 million for the import and local production of mosquito nets in the country.

“This is to inform Nigerians that this statement is not only false, but also the brainchild of the writer, as the CEO never discussed the malaria program nor granted an interview on the malaria control program.

“It is relevant to specify that the malaria control program is a responsibility of the National Malaria Elimination Program (FMOH). Therefore, the chief executive has no reason to discuss or advocate funding for any intervention. This is fake news that should be ignored by all well-meaning Nigerians, ”the statement said.

The Senate Committee on Local and Foreign Loans on Tuesday spoke out against the federal health ministry’s proposal to borrow $ 200 million under the malaria program to purchase bed nets in the 2022 budget.

The committee’s condemnation was in response to the Health Ministry’s submission on its intention to borrow the proceeds to purchase bed nets for 13 vulnerable states.

The permanent secretary of the ministry, Mahmuda Mamman, had justified the proposal before the panel by declaring that “the loan, if approved by the National Assembly and accessible, will be used to medically fight against malaria in the 13 orphan states which cover 208 councils and 3,536 primary health care centers ”

Angered by his submission, the chairman of the Senate Health Committee, Senator Ibrahim Oloriegbe and the other senators present leaned heavily on the permanent secretary and the executive secretary of the National Agency for the Development of Primary Health Care, the Dr Faisal Shuaib.

Oloriegbe wondered why 450 million naira was budgeted for malaria treatment in the proposed budget for 2022 and yet there are plans underway to borrow 200 million dollars for the same purpose.

He said, “This is unacceptable. We should be able to give up when we deal with these donor or creditor organizations about what loans to take out and what they should be spent on. “

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Viral Voice Note on Fake WhatsApp Billing

Complain: A viral WhatsApp voice note, allegedly authored by the director and CEO of WhatsApp, claims that users will have to start paying for WhatsApp services.

Verdict: The viral WhatsApp voice note claim is a hoax. The content is not new and has been released as a broadcast message several times in the past.

Experts say mixture of snail slime and evaporated milk cannot cure stroke

CLAIM: Facebook user claims water from snails (snail slime) and spike milk can cure partial or full stroke.

VERDICT: The claim that the water obtained from snails (snail slime) and spike milk can cure partial or complete stroke is false.

FULL STORY: On July 26, 2020, Facebook user Prince Nnamdi Enyinnaya Emelelu Eluwa claimed in an article that water obtained from snails (snail slime) and spike milk can cure an accident partial or complete cerebrovascular. The post, which is over a year old, was recently re-shared by other Facebook users.

Marburg virus: what you need to know about the disease recently detected in West Africa

On Monday August 9, 2021, the World Health Organization (WHO) confirmed the first case of Marburg virus in West Africa in Guinea. This development has sent shivers down the spines of West Africans who are still grappling with the effects of the coronavirus pandemic. But before this dreaded disease is greeted with rumors and misinformation, here’s what you need to know about the virus. APC says it’s creating a health emergency trust fund …

FACT CHECK: US failed to grant Nigeria 48-hour ultimatum to detain Abba Kyari

CLAIM: Several social media posts claim that the United States of America (United States) has given the federal government of Nigeria 48 hours to arrest suspended Deputy Police Commissioner Abba Kyari on pain of severe penalties.

VERDICT: The assertion is false and misleading. The United States did not give the Nigerian federal government a 48-hour ultimatum to detain Abba Kyari.


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Sokoto Assembly approves Tambuwal N 28.7 billion loan request https://tedxyouthcaltech.com/sokoto-assembly-approves-tambuwal-n-28-7-billion-loan-request/ Tue, 26 Oct 2021 07:00:00 +0000 https://tedxyouthcaltech.com/sokoto-assembly-approves-tambuwal-n-28-7-billion-loan-request/ Posted October 26, 2021 The Sokoto State House of Assembly on Tuesday approved Governor Aminu Tambuwal’s request to access two loan facilities worth N 28.7 billion for the state. Nigeria’s news agency reports that the development followed consideration of the two letters sent to the Assembly by the Governor by the Committee of the Whole, […]]]>

The Sokoto State House of Assembly on Tuesday approved Governor Aminu Tambuwal’s request to access two loan facilities worth N 28.7 billion for the state.

Nigeria’s news agency reports that the development followed consideration of the two letters sent to the Assembly by the Governor by the Committee of the Whole, as requested by Bello Ambarura.

NAN also reports that the requests include the Federal Government Response Facility of N18.7 billion and N10 billion on behalf of the state’s 23 local government councils.

Ambarura said the federal government response facility was among the 656.1 billion naira approved by President Muhammadu Buhari for the 36 states of the federation.

He said, “The facility aims to help states cushion the repayment effects of the current federal government intervention on budget support.

“It also includes a loan backed by a gross surplus and a salary arrears rescue facility.

“In addition, it will allow the state government to close the gap in the forecast shortfall and increase current budget arrangements in some of the economic sectors.”

The legislator added that the funds would be used to finance overdue payments for investment projects and certain expenses essential to economic development.

He said the condition of the loan facility, as specified by the Central Bank of Nigeria, was to include a six-tranche disbursement mode, a term of 30 years and an interest rate of nine percent per annum.

Other conditions, according to the legislator, are a two-year moratorium, a monthly repayment method and an irrevocable standing payment order.

Regarding the N10 billion loan requested from Fidelity Bank Plc on behalf of the state’s 23 LGAs, Ambarura said it was aimed at accelerating the socio-economic development of the boards.

“The loan facility was negotiated between ISPO and Fidelity Bank for the pursuit of development projects across the state.

“This is an interest rate of five percent per year until February 2022, then nine percent per year from March 2022, with a term of 80 months and repayment via the allowance federation account allocation commitment, “he said.

Vice-Chair Abubakar Magaji, who chaired the meeting, put the motion to a voice vote after a closed-door meeting of the Committee of the Whole.

It was then adopted by the majority of lawmakers.

(NOPE)


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