Why We’re Taking Huge N9.61 Trillion Loan– FG

The federal government has explained why it wants to take a $30.54 billion (about N9.61 trillion) loan, which is believed to be the biggest single external loan request by any government in recent history.

President Muhammadu Buhari, who on Tuesday requested the National Assembly’s accelerated approval of the borrowing plan, said it would include a $575 million World Bank loan.

The total loan will fund a number of key projects in the country, he said.

The projects cut across key sectors of the economy, with special emphasis on infrastructure development, agriculture, health, education, water supply, growth and employment generation, poverty reduction through social safety net programmes and governance and financial management reforms.

Mr. Buhari said the proposed programmes would receive about $11.274 billion of the total loan, while special infrastructure projects would take $10.69 billion. Euro bonds will take $4.4 billion and federal budget support, $3.5 billion, he said.

Details of the projects to be executed with the World Bank loan include polio eradication support and routine immunization project ($125 million); community and social development project ($75 million), and Nigerian states health programme investment project ($125 million).

Others include State education programme investment project ($100 million), Nigerian youth employment and social support project ($100 million), and Fadama 11 project ($50 million).

The huge loan is the highest single borrowing by the Nigerian government in history.

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Buhari Taking Nigeria Out Of Wilderness- Osinbajo

Vice-President Yemi Osinbajo says President Muhammadu Buhari is taking Nigeria out of the wilderness just as Moses took the children of Israel out of Egypt to the Promised Land.

Osinbajo said this at the 56th Independence Anniversary Interdenominational Church Service at the National Christian Centre, Abuja, on Sunday.

The promise of God, he said, included building a new Nigeria where there would  be peace from North-East to the Niger Delta, and where there would be jobs for the unemployed.

The Vice-President urged Nigerians to see beyond the current problem instead of asking to ‘return to Egypt.’

He said, “We are on our way out of the wilderness. We should not be like the children of Israel when He took them out of Egypt and after few problems became grumblers-in-chief.

“As children of God, we must declare this nation will prosper, we must be like our father who is the great encourager. Our message to Nigeria is be strong and be of good courage; do not be dismayed, every Nigeria will benefit from the new Nigeria.

“God saw our nation and decided to put this leadership in place, this leadership will take us across the Red Sea to the new Nigeria.”

The President of the Christian Association of Nigeria, Rev. Samson Ayokunle, in his message said that the leaders needed divine revelation and to receive wisdom from God in order to handle the economy.

He said Nigeria was in recession because the government failed to save during the oil boom.

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Here’s What The Drug Maria Sharapova Was Taking Does To Your Body

Champion tennis player Maria Sharapova has admitted that she failed a drug test at the Australian Open for taking a drug that was added to the World Anti-Doping Agency’s list of banned substances in January.

But what does the drug, meldonium, actually do to the body?

Meldonium (also known as Mildronate) is an “anti-ischemic” drug, which means it is used to treat inadequate blood flow to the organs, especially the heart.

According to the Latvian pharmaceutical company Grindex, which manufactures the drug, it not only protects against tissue damage in patients with angina pectoris (chest pain caused by heart disease), chronic heart failure, and disorders of brain circulation, but it also improves physical capacity and mental function in both ischemic and healthy people.

Sharapova said she had been taking the drug since 2006 because ofseveral health concerns, including magnesium deficiency, an irregular EKG (a test of heart function), and diabetes, a condition she said runs in her family.

Some animal studies and small human studies suggest that meldonium, in combination with other drugs, may help treat diabetes. But others studies suggest the drug could increase the endurance performance of athletes by increasing oxygen uptake, which is why it was banned by anti-doping authorities, the Associated Press reports.

Meldonium is legal in Lithuania, but it is not approved for use in the US. Before it was banned, meldonium was popular among Russian athletes, according to AP reporter James Ellingworth.

Credit: Yahoo

Meet The Woman Taking On Boko Haram

Hafsat Mohammed uses hope to counter hate, but the activist knows the threats she faces are all too real.

On a long, barren road in northeastern Nigeria, Hafsat Mohammed, squeezed into a public minibus, saw the gunmen materialise from the bush like a mirage.

The 33-year-old was on her way to Maiduguri, the capital of Borno State and the epicentre of the Boko Haram insurgency, when two Hilux pickups swerved onto the road ahead.

The minibus stopped. Men in combat fatigues and balaclavas emerged from the first pickup and aimed their guns at the windshield. They ordered the passengers out onto the hot tarmac. The second pickup sped off towards a nearby village.

The men beat the passengers with their guns, jeering and calling them names as they did so.

A former radio journalist-turned-civil society activist, Mohammed wasn’t usually afraid to speak up; she thought she might shout or scream, but, instead, she found herself mute.

“I was praying in my mind,” she recalls. “I did not dare pray out loud.”

Then they opened fire.

Mohammed remembers how the dead body of a woman fell on top of her and how she lay there, beneath it.

She heard the screams of two women as they were forced into the pickup. Then the gunmen were gone, leaving tyre marks behind in the dirt.

They had killed five passengers, but Mohammed was unharmed. She and the other survivors, including the driver, got back into the minibus and drove off.

I first met Mohammed in January 2014, just weeks after the attack. She was back at her office in a nondescript high-rise in Kaduna city, the old political capital of the north, gearing up for initiatives to tackle religious intolerance in Nigerian schools.

For the past year, she had been working at the grassroots, community-led Interfaith Mediation Centre, founded by a Muslim imam and a Christian pastor to address interreligious violence.

In sentences often punctuated by a loud, raucous laugh, Mohammed spoke about her work and the attack.

“It motivated me to go back to the northeast,” she said. “It was something that kept on bothering me: ‘What do you do to conquer this [violence]’?”

Her answer to that question has been to try to counter violent extremism by engaging young people at the grassroots level, getting them to imagine a different future and their individual ambitions for it.

“I was in that bus and I saw hell,” the mother of two reflected. “But it motivates me to work for peace.”

Credit: Reuters

Teen Falls To Death While Taking Extreme Selfie

Seventeen-year-old Andrey Retrovsky from Vologda, Russia, had gained some notoriety — at least on Instagram — for his selfies.

Strictly speaking, some were images of him that looked like they were taken by someone else. The effect, though, was to show his daredevil spirit. Many were of him on rooftops or other dangerously high places.

Sadly, as the International Business Times reports, his latest idea was to hang from a roof by a rope, thereby pretending he was falling. But the rope reportedly snapped and he fell from the 9-story building to his death.

Some estimates suggest that more people have been killed by selfies than by sharks in 2015. But of course it isn’t the selfie that kills, it’s the person who takes risks while taking one.

Read More: C-net

Justin Bieber Drops Fan’s iPhone While Taking A Selfie (PHOTOS)

Justin Bieber had just left the New York City Z100 radio station when the incident took place.

After signing autographs and taking many pictures, he was left looking pretty ruddy sheepish when one of the iPhone’s slipped out of his hand and onto the floor.

However, Bieber proved that he’s a pretty decent lad as instead of leaving it in pieces on the floor for one of his ‘people’ to deal with, he wasted no time in jumping down to grab everything and put the phone back together in front of the shocked fan and the phone was as good as new.

Credit: Yahoo

Photo Credit: REX