TEAM LAGOS EMERGES TOP AT 23RD NATIONAL SPORTS FESTIVAL SOUTH WEST ELIMINATION. (PHOTOS). #PRESS RELEASE.

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 TEAM LAGOS EMERGES TOP AT 23RD NATIONAL SPORTS FESTIVAL SOUTH WEST ELIMINATION Lagos State athletes proved their dominance in the South West by edging out regional competitors and emerging top in the five team events contested at the elimination series qualifier for the 23rd National Sports Festival later this year in Enugu. The elimination series featured team events in volleyball, basketball, football, beach volleyball, and cricket in male and female categories. While the team clinched only the female football ticket by topping their group, they showed dominance in three other sports by winning both the male and female tickets. Team Lagos took first position in the volleyball male and female categories. The male team defeated their counterparts from Ondo in the finals by 25-18, 24-26, 25-20, and 25-20, while the female team defeated Team Oyo by 25-18, 22-25, 28-26, 16-25, and 15-8. The Osun basketball team fell to the superior firepower of the Team Lagos male team in their last ...
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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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