Tinubu Seeks Senate Approval For N100.5bn Damaturu Airport Reimbursement

President Bola Tinubu has requested the Senate to approve a N100.5 billion promissory word programme to reimburse the Yobe State Government for the price of the Muhammadu Buhari International Cargo Airport in Damaturu.

In a letter addressed to Senate President Godswill Akpabio and skim throughout Tuesday’s plenary in Abuja, Tinubu sought legislative approval for the institution and issuance of the promissory word programme by way of the Debt Management Office (DMO).

The President instructed the Senate that the Federal Executive Council (FEC), at its second extraordinary assembly held on May 23, 2023, accepted the takeover of the airport, constructed by the Yobe State Government, in addition to the reimbursement of the mission value by way of a promissory word programme.

According to the letter, the Bureau of Public Procurement (BPP) has accomplished its evaluation of the mission and really helpful N100,509,017,234.55 for reimbursement to the state authorities.

“In the light of the foregoing, I urge the Senate to consider and approve the establishment and issuance by the Debt Management Office of a promissory note programme in the sum of N100,509,017,234.55,” Tinubu acknowledged.

The President additionally appealed to lawmakers to expedite consideration of the request.

“While looking forward to the expeditious action on this submission, please accept, Distinguished Senate President, the assurances of my highest esteem,” the letter learn.

The request was subsequently referred to the related Senate committee for additional legislative consideration.

If accepted, the proposed programme would offer a mechanism for the federal authorities to reimburse Yobe State for the price of the airport mission, according to the association accepted by the Federal Executive Council.

The Senate’s choice will decide the following step within the proposed reimbursement course of.