Wednesday, January 13, 2016

FG approves $200 million loan for Lagos

The Federal Executive Council, FEC, today approved a $200 million loan for Lagos state government. Announcing this to state house correspondents after the FEC meeting, Minister of Information and Culture, Lai Mohammed and Minister of Works, road and Power Babatunde Fashola, said the loan was part of a $600 million loan granted by World Bank to finance the construction of roads and other infrastructural development projects in the state.

Buhari May Spend One Term In Office, ‘president Already Has A Successor In Mind’

Chief Bola Ahmed Tinubu, the APC National leader has hinted at the possibility of President Buhari spending a single tenure in office. He discussed this while expressing concerns over the wave of defections by members of the Peoples Democratic Party (PDP).

Tinubu who spoke to newsmen betrayed his political body language and showed concerns about the defections from the opposition party to the ruling party.

Iran Has US Navy GPS Equipment, Will Prove 'American Ships Were Snooping

Iran's semiofficial Fars new agency reported the two US Navy boats detained in the Persian Gulf had illegally traveled more than a mile into Iran's territorial waters, and that GPS equipment confiscated by Islamic Revolutionary Guards Navy forces would "prove that the American ships were 'snooping' around in Iranian waters."

The Pentagon reported earlier Tuesday that it briefly lost contact with two small US Navy boats operating in the Persian Gulf. The vessels were picked up by Iran, which has assured Washington that both ships and all crew members would be returned to the US "promptly."

Vladimir Putin’s interview with the German newspaper Bild

Question: Mr President,
We have just marked the 25th anniversary of the end of the Cold War. Last year, we witnessed a great number of wars and crises across the world, something that had not happened for many years. What did we do wrong?

President of Russia Vladimir Putin: You have started just with the key question. We did everything wrong from the outset. We did not overcome Europe’s division: 25 years ago the Berlin Wall fell, but Europe’s division was not overcome, invisible walls simply moved to the East. This created the foundation for mutual reproaches, misunderstanding, and crises in the future. Many people, including in the Federal Republic [of Germany], criticise me for my well-known speech at the Munich Conference on Security. But what was so unusual that I said?