OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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PRESIDENT TINUBU REQUEST THE APPROVAL OF $7,864BILLION LOAN FROM AFDB.(PHOTO).#PRESS RELEASE

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PRESIDENT TINUBU REQUEST THE APPROVAL OF $7,864BILLION LOAN FROM AFDB



President Bola Tinubu has this wednesday sent a letter  requesting  the Senate  approval of a loan of  $7,864billion and 100million euro  from  the African Development Bank (AFDB) for infrastructural development across the 36 States of the Federation and the Federal Capital Territory.


The planned loans as explained in the letter and read in plenary by the President of the Senate, Godswill Akpabio, are also meant to mitigate the adverse effects of fuel subsidy removal on Nigerians through palliative measures.


President Bola Ahmad Tinubu in the letter also explained that part of the loans being sought for, were earlier approved by the immediate past government in the 2022 -2024 External Borrowing plans which however had to be jerked up by the present government as a result of fuel subsidy removal.


The  planned projects cut across all sectors with specific emphasis on infrastructure, agriculture, health, education, water supply, security and employment as well as financial management reforms, among others.


In the letter President Tinubu said the senate is invited to note that following the removal of fuel subsidy and its impact on the economy in the country, African Development Bank (AFDB) and the World Bank Group (WBG) have indicated interest to assist the country in mitigating the economic shores and recent reforms with a sum of $1 billion and $2 billion respectively.


The president further explained that the projects and programmes borrowing plans were selected based on positive technical economic evaluations as well as the expected contribution to the social economic development of the country, including employment generation, skills acquisitions , supporting the emergence of more enterprenuers, poverty reduction and food security to improve the livelihood of an average Nigerian.

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