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Reps approve $347m loan for Lagos-Calabar highway, others

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The House of Representatives, on Wednesday, approved President Bola Tinubu’s request to the National Assembly, seeking approval to borrow $347m under the 2025–2026 borrowing plan.

The Speaker of the House of Representatives, Tajudeen Abbas, read the President’s correspondence on the floor of the Green Chamber during Wednesday’s plenary.

According to the President, the loan is necessary due to a rise in the funding needs for the Lagos-Calabar Coastal Highway project, whose cost increased by $47m, from $700m to $747m.

Justifying the loan request, the President said that when the borrowing plan was transmitted to the parliament, the lead arranger for financing only had financing commitments of up $700m from lenders, stressing that the shortfall in the financing was covered by export credit agencies.

“It is, therefore, necessary to increase the value of the financing for the project by $47m to ensure it aligns with the loan size agreed in the finance documents for the project,” the President said in the letter.

He noted that $300m is needed for the Nigerian universal communications access project, a landmark telecommunications initiative aimed at bridging the digital divide through the deployment of 7,000 telecommunications towers across hard-to-reach rural dwellings.

Recall that in May, Tinubu sought the approval of the parliament to approve the 2025-2026 borrowing plan of $21.54bn, €2.19bn and ¥15bn, in addition to a €65m grant.

With the extra $47m for the Lagos-Calabar road project and $300 million for the universal communication access project, the initial $21.54bn has witnessed a marginal increase to $21.89bn.

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On Wednesday, the House adopted the report presented by the Nasarawa lawmaker, Abubakar Nalaraba, who chairs the House Committee on Aids, Loans and Debt Management.

The lawmaker noted that despite increased borrowing, Nigeria’s debt portfolio “remains sustainable.”

He said, “At over N145tn, the debt-to-GDP ratio of about 50 per cent is within the international threshold (56 per cent).

“The current administration has succeeded in reducing the high debt service to revenue ratio from over 90 per cent to less than 70 per cent.

“The Federal Government’s capacity to service the new debt is bolstered by the anticipated revenue gains from the Nigerian Tax Act 2025, projected to grow by over 18 per cent year-on-year starting from 2026.”

The Deputy Speaker, Benjamin Kalu, who took over the plenary after the Speaker had left midway into the session, then approved the request.

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PHOTOS & VIDEO: Fire razes part of Ogun free trade zone, Igbesa

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A fire outbreak has occurred at the mattress section of the Ogun–Guangdong Free Trade Zone (OGFTZ), Igbesa, on Sunday.

It was gathered that the fire was triggered by a gas explosion from a foam-producing company in the industrial park.

The incident has reportedly caused chaos and fear among students living around the Obanla axis of the area.

In a video obtained by our correspondent, students were seen running out of their hostels as the thick smoke covered the sky.

An eyewitness, Kuwhede Vincent, a student of the Ogun State Institute of Technology, OGITECH, Igbesa, disclosed that there was a loud noise followed by smoke and fire.

Vincent said, “ It started around 8 am in the morning, we first saw smoke then fire coming from the company.

“The company is very close to my hostel but I don’t think any hostel was affected. We just carried our bag because we don’t know what can happen next”.

He noted that the fire service were on ground to curtail the fire.

Reacting to the incident, President of the Student Union Government in OGITECH, Ilo Fadilu Temitope, in a statement signed by its secretary, Moses Josephine and PRO Segbetin Sunday, and made available to  called for calm among students, urging them to be vigilant, and adhere strictly to safety measures.

Part of the statement reads, “The attention of the Students’ Union Government has been drawn to information reaching us regarding a fire outbreak at the Ogun–Guangdong Free Trade Zone (OGFTZ), Igbesa, which is in close proximity to some student hostels around the Obanla axis.

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“While relevant authorities are reportedly responding to the situation, the Students’ Union deems it necessary to prioritize the safety and well-being of all students.

“In view of this, students especially those residing around Obanla axis and its environs are hereby advised to remain calm but vigilant, and to strictly observe the following safety measures: Avoid unnecessary movement towards the affected area or fire scene, stay indoors where it is safe to do so and keep doors and windows closed if there is smoke in the environment, switch off electrical appliances and gas sources as a precaution.”

As of the time of filing this report, there has not been any official statement on the cause of the incident.

When contacted by our correspondent, the Commissioner of the State’s Ministry of Environment, Ola Oresanya said, “Thanks for the information, I will work on it immediately.”

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Demolition notice: Ogun communities cry out, call for Gov Abiodun’s intervention

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About 15 communities in the Abeokuta South Local Government Area of Ogun State have called for the intervention of Governor Dapo Abiodun over alleged plot to demolish their villages and acquire their land.

The communities include Itori Mogan, Laaki, Jaguna, Ogunu, Paashi, Kumapayi, and Abule Odo of Ijemoland among others.

According to the villagers, the community which is over 300 years was excised by former governor Otunba Gbenga Daniel’s administration.

It was gathered that the state government, through the its Planning and Development Permit Authority, Abeokuta Metro Zonal Planning Office, served a demolition notice with service number 00047932 on the occupiers of Itori Mogan village on Friday, accusing them of contravening the Land Use Act of Ogun State for residing in Hillcrest Estate.

In the demolition notice dated January 9, 2026, the government gave the occupiers three days deadline to vacate the affected villages that fell within its acquisition.

Expressing their displeasure on Saturday, the Baale of Ogunro, Chief Olakunle Bodunde, speaking on behalf of the villages marked for demolition, lamented that the present administration is bent on taking the remaining part of the community for an estate development, while rendering members of the community homeless.

He noted that the matter was in court and despite several meetings with the government, a demolition notice was pasted on their buildings.

He said, “We have taken significant steps to address this issue. We had meetings with the government, and now the matter is in court.

“We have served them, and the government has been notified, but they are not showing up in court, and now they have come to paste demolition notices on our buildings.

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“We want things to be done with due process. The court has not made a pronouncement yet.”

Also speaking, Chief Oludare Salako, the Baale of Itori Mogan, said the communities have different ancestral gods which according to him cannot be relocated, saying that forceful eviction could spell danger.

He appealed to the state governor to intervene, expressing the belief that he may not be aware of the incident.

“We want Governor Dapo Abiodun to intervene, as we believe he may not be aware of these alleged land grabbers in his government. We want him to look critically into the matter and stop their actions,” Salako added.

The Aro of Egbaland and Oluwo of Ijemo, High Chief Oluyinka Kufile, urged the villagers to engage in dialogue with the government and be hopeful.

“If you have a right, no government will stop you from exercising your right. So my advice is to dialogue.

“We have signed pacts with the present government on some particular land and villages. Go there, visit the office, and make inquiries. Why again are they trying to take back the land,” he said.

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Full List Of Countries Nigerians Travel To Without Visa

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Nigerian passport holders can now travel to 45 countries worldwide without obtaining a visa in advance, according to the latest update from Visaindex.

The development significantly eases international travel for Nigerians, providing broader options for tourism, business, education and family visits.

Of the 45 destinations, 27 countries allow visa-free entry for Nigerian citizens, while the remaining operate visa-on-arrival or Electronic Travel Authorisation (eTA) regimes. Entry conditions vary by country, but the update signals an expansion of global mobility opportunities for Nigerians.

Several African nations have adopted open-border policies aimed at boosting regional integration, trade and tourism.

The Gambia – Since 2019, the country has declared itself a visa-free zone for all African travellers, extending the policy to Commonwealth nations, the European Union, and select Baltic states.

Benin – Inspired by Rwanda, Benin lifted visa restrictions for all Africans in 2019, strengthening its position as a commercial and transit hub in West Africa.

Kenya – In October 2023, President William Ruto announced the removal of visa requirements for all African visitors to enhance trade, tourism and continental connectivity.

Rwanda – Since November 2023, Rwanda has granted visa-free entry to all Africans without fees, reinforcing its reputation as a leading tourism and conference destination.

Ghana – Ghana recently joined the visa-free league for Africans, a move expected to attract investors, tourists and business travellers as it positions itself as a regional hub.

Other Visa-Free Or Easy-Access Destinations

Nigerian passport holders can also access the following countries either visa-free, via visa-on-arrival, or through eTA arrangements:

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Barbados

Burkina Faso

Cameroon

Cape Verde

Chad

Cook Islands

Côte d’Ivoire

Dominica

Fiji

Guinea

Guinea-Bissau

Haiti

Kiribati

Liberia

Mali

Micronesia

Montserrat

Niger

Saint Kitts and Nevis

Senegal

Sierra Leone

Togo

Vanuatu

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