FG Seeks $400m World Bank Loan to Rebuild North East

Theophilus Danjuma
  • PCNI meets service chiefs over terrorism, reconstruction
  • Navy to build outpost in Lake Chad

Paul Obi in Abuja

The federal government tuesday said it was seeking about $400 million World Bank loan to rebuild the North-east of the country, where Boko Haram terrorists had destroyed many of its infrastructure and social system.

Chairman of the Presidential Committee on North-east Initiative (PCNI), Lt. Gen. Theophilus Danjuma (Rtd), stated this during a visit by the Security and Peace Building Sub-Committee of the PCNI to the service chiefs in Abuja.

Danjuma who was represented by the Deputy Chairman of the committee, Alhaji Tijani Tumsah, said the federal government was committed to kick-starting the robust rebuilding of the North-east in order to bring normalcy to the troubled region.

He said: “The federal government is seeking a World Bank loan to rebuild the North-east. These figures will reach up to $400 million.

“And so we seek collaboration with the Nigerian Air Force (NAF) in a lot of ways, some of the areas, including using your experiences to curb violent extremism, disarmament, mobilisation, construction and renovation of schools.”

Tumsah said going forward, there was need to enhance the delivery of humanitarian services, adding that the Armed Forces must not relent in their efforts to make sure that the insurgency was completely ended.

At the Defence Headquarters, the Chief of Defence Staff (CDS), General Abayomi Olonisakin, pledged the military’s unflinching support and collaboration in line with the committee’s action plan of ensuring a coordinated framework for lasting peace and stability in the North-east

Represented by the Chief of Defence Policy and Plans, Air Vice Marshal Bashir Saidu, the CDS said the military was ready to collaborate with the PCNI in every area that would obliterate the suffering of the displaced persons and assist in the speedy rebuilding of the damaged infrastructure.

The CDS commended the quality of the committee’s membership, stating that all that was needed was a close collaboration between the military on one side and the committee on the other side until the war against insurgency was brought to a successful conclusion.

He added that the military was willing to provide strategic intervention towards peace building initiatives as it pushed for continuous synergy with stakeholders in the North-east.

At the Nigerian Air Force Headquarters, the Chief of Air Staff, Air Marshal Sadique Abubakar, assured the committee of the force’s readiness to assist the PCNI in its intervention efforts in the North -east.

Abubakar explained that what was critical at the moment was the need to ensure that Internally Displaced Persons (IDPs) returned to their homes and also to support their stay in the camps and make them a bit comfortable.

The CAS pledged to assist the committee to transport any humanitarian materials to the North-east as a strategy to reduce the burden in the region.

At the Naval Headquarters, the Chief of Naval Staff (CNS), Vice Admiral Ibok Ete-Ibas, who also met with the PCNI, said plans were underway by the Nigerian Navy to build an outpost station in the Lake Chad Basin.

Ibas explained that the plan would ensure that all forms of criminality and terrorism perpetuated by groups like the Boko Haram would be checkmated.

While commending the efforts of President Muhammadu Buhari for setting up the committee, Ibas said: “It is needless to say that this committee is pivotal to sustaining enduring peace in the North-east by winning hearts and minds of the people and quickly resettling those affected to their various communities.

“We have the Navy participation through the on-going operation in the North-east. We also have identified the strategic importance of the Lake Chad.

“And to that effect, the Navy is currently consolidating on the establishment of the Navy outpost in the area.”

Ibas maintained that the setting up of the outpost was geared towards resuscitating both military operations and socio-economic activities within the region.

Meanwhile, the Director of Information, Nigerian Navy, Rear Admiral Christian Ezekobe, yesterday handed over to Captain Suleiman Dahun, who takes over in acting capacity.

  • Obi

    Yet another borrowing, getting deeper & deeper in debt!
    The govt needs to stop borrowing & cut down on extravagant spending (politicians & govt officials don’t deserve to be living like kings while the country suffers). Billions of dollars (if not more) can be saved just by cutting spending.

  • Chym

    Northern Nigeria is cursed, no amount of money will solve her problems after all you guys have been ruining this country with nothing to show for it. Pigs

  • Milito

    Jokers indeed!

    Please also take loan to rebuild the South South, the South East (the defunct Biafran region since devastated by civil war of 1970s) as well as rebuild all the areas where FULANI herdsmen has destroyed.

  • Daniel Obior

    The $400 million is small money for this general who got an oil block for free when they the military were running the country. He sold a part of his interest in the oil block for $2 billion. Being from that part of the country where the loan is being requested for development, is it too much for him to support his own people with the required $400 million? He can easily afford it from the wealth he (illegitimately?) acquired. Where the hell is the sense of patriotism in these people?

    • Segun Abiodun

      My brother Danjuma stole 3 oil blocks not one. 2 of those blocks have proven reserves of over a billion barrels. Further it is estimated that in one of the blocks owned by Danjuma recoverable reserves is about 800 million barrels.
      Danjuma we must all remember was a civil servant. He spent his entire career in the Nigerian army. So the question to ask is how did he get those oil blocks? How much did he pay for those assets?.
      Why must he be allowed to keep such stupendous wealth while the true owners of those oil assets in the Niger Delta are left in abject poverty?
      Who really is the oil thief here?
      Nigerians do not ask the right questions.

      Today 83 percent of all the oil blocks in Nigeria are owned by Northerners – source DPR report on indigenous oil asset ownership in Nigeria 2013.
      There is no wealthy Northerner who does not have his proboscis in the oil of the Niger Delta Dangote inclusive.
      While those people from the Niger Delta are largely excluded from oil asset ownership.
      So why would there not be trouble in that zone? When the indigenes are dispossessed of their resources while others mainly Northerners feed fat on the resources of the Niger delta?
      Until there is fairness in the distribution of Nigerias resources, there would certainly be continued agitation for true federalism and regional autonomy.

      • share Idea

        My gee please do not raise this your posers as APC e-mob will descend on you. Nigeria we hail thee

      • William Norris

        Whatever you think of Danjuma and his ilk, the Niger Deltans must be called out for what they are – craven COWARDS of the worst kind.

        What does it take to kill or kidnap somebody like Danjuma and his family members? Why is it that Nigerians never see fit to PERSONALLY and PHYSICALLY attack the people who stole from them ???

        Why are Niger Deltans letting people like the Alakijas, Indimi and Dangote and Sanusi, all owners of vast oil blocks in their lands, go free and walk around proudly with their loot? Evil elites get killed for less in Arab, Asian and European countries, but never in Black Africa !!!

        Why are the Niger Deltans such COWARDS? What will it take? Does Danjuma need to come and take away your women or your testicles before you react?

    • Demola

      If he had sense of patriotism in the first place, he wouldn’t have solicited and gotten the oil block illegally in the first place. You cannot reign beyond your death if your wealth is not God given. Th name will become irrelevant and disappear as soon death come knocking, where is Okotie Eboh today?