President Bola Tinubu writes to Nigeria’s Senate seeking approval for a promissory note programme to reimburse Yobe State about N100.5 billion for the Muhammadu Buhari International Cargo Airport in Damaturu. Outlets report that the request is contained in a letter addressed to Senate President Godswill Akpabio and read during plenary, asking the Senate to authorise the Debt Management Office to issue the notes.
The outlets say the reimbursement is linked to a Federal Executive Council decision approving the federal government’s takeover of the airport, which Yobe had built. Premium Times adds that the takeover involves federal ownership and control, creating the need for reimbursement through a promissory note arrangement. Nigerian Eye reports that the Bureau of Public Procurement reviewed the project and recommended a reimbursement of N100,509,017,234.55, and that the request has been referred to the relevant Senate committee for further legislative action.
Some coverage also notes a parallel request to the House of Representatives for backing on the same reimbursement. The figures are consistently reported as around N100 billion, with variations reflecting rounded amounts versus the exact recommended figure.
