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Ekiti Assembly approves Fayose’s N19.6bn loan request
Ekiti State House of Assembly on Wednesday unanimously approved N19.6bn loan facilities for the state government.
The News Agency of Nigeria reports that the approval followed two different letters written by Governor Ayodele Fayose requesting the house consent to access the loans.
The letters are, “Consideration of the proposal of the State Government to partake in the Excess Crude Account and Consideration of the Intention of Ekiti State Government to partake in the Federal Government Bailout Package to pay Backlog of Workers’ Salaries.”
A breakdown of the loans showed that the state would access N10bn from Access Bank on 10-year and 9 per cent repayment arrangement.
Also, the state government would access N9, 604,430,000 from Skye Bank on 20-year and 9 per cent repayment arrangement.
The Leader of the house, Mr Akinyele Olatunji, had appealed to members to give the request accelerated considerations.
Olatunji described the government’s intention as a good development, saying it would better the lives of Ekiti people.
Olatunji said, “Access to the N10bn Excess Crude Account and over N9.6bn Federal Government bailout loan, respectively is a good development for the state.
“The loans will enable the present administration provide basic infrastructure and social amenities for the people.
“If the government is able to access these loans, the government will be able to execute developmental projects.
“Apart from the loan being used to pay the backlog of workers’ salaries, it will also enable the government provide some basic social amenities in the state.”
The views of the leader of the house were corroborated by the trio of Messrs Gboyega Aribisogan (Ikole I), Deputy Speaker, Segun Adewumi (Ekiti West I), and Dele Fajemileyin (Gbonyin).
They described the decision by the state government to access the loans as the best way out of the current financial situation.
“If these loans are obtained, it will take care of government campaign promises to the people,” they said in their different contributions to the debate.
Earlier, the Speaker, Kola Oluwawole, had read the two executive letters from the governor requesting the house’s permission through resolutions.
NAN
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Buratai Pays Tribute to Ihejirika at 70, Hails Mentorship and Legacy of Leadership
Buratai Pays Tribute to Ihejirika at 70, Hails Mentorship and Legacy of Leadership
Former Chief of Army Staff and Nigeria’s immediate past Ambassador to the Republic of Benin, Lt. Gen. (Rtd) Tukur Yusuf Buratai, has paid a glowing tribute to his predecessor, Lt. Gen. OA Ihejirika, as the retired General marks his 70th birthday.
In a heartfelt message released in Abuja on Friday, Buratai described Ihejirika as not only a distinguished soldier and statesman, but also a commander, mentor, and “architect of leadership” whose influence shaped a generation of senior military officers.
Buratai recalled that his professional rise within the Nigerian Army was significantly moulded under Ihejirika’s command, citing key appointments that defined his career trajectory.
According to him, the trust reposed in him through early command responsibilities, including his first command posting at Headquarters 2 Brigade and later as Commandant of the Nigerian Army School of Infantry, laid a solid foundation for his future leadership roles.
“These opportunities were not mere appointments; they were strategic investments in leadership,” Buratai noted, adding that such exposure prepared him for higher national responsibilities.
He further acknowledged that the mentorship and professional grounding he received under Ihejirika’s leadership were instrumental in his eventual appointment as Chief of Army Staff and later as Nigeria’s Ambassador to the Republic of Benin.
Buratai praised Ihejirika’s command philosophy, describing it as professional, pragmatic, and mission-driven. He said the former Army Chief led by example, combining firm strategic direction with a clear blueprint for excellence that continues to influence military leadership practices.
“At seventy, General Ihejirika has earned the right to reflect on a legacy secured,” Buratai stated, praying for good health, peace, and enduring joy for the retired General as he enters a new decade.
He concluded by expressing profound gratitude for the leadership, mentorship, and lasting example provided by Ihejirika over the years.
The tribute was signed by Lt. Gen. Tukur Yusuf Buratai, who described himself as a grateful mentee and successor, underscoring the enduring bonds of mentorship within the Nigerian Army’s top leadership.
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