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

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

In a letter addressed to the President of the Senate, Godswill Akpabio, Tinubu sought approval for the issuance of the promissory notice by the Debt Management Office (DMO) to cowl the price of the airport venture.

The quantity proposed for reimbursement is N100, 509, 017, 234.55, following a overview of the venture by the Bureau of Public Procurement (BPP).

Tinubu mentioned the Federal Executive Council (FEC), at its second extraordinary assembly on May 23, 2023, authorised the Federal Government’s takeover of the airport and the reimbursement of the development price by a promissory notice programme.

“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,” the President said within the letter.

He additionally urged the lawmakers to expedite consideration of the request to facilitate the reimbursement course of.

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

Following the submission, the Senate referred the request to the related committee for additional legislative consideration.

The proposed association is meant to offer a proper mechanism for the Federal Government to settle its monetary obligation to Yobe State over the development of the airport, according to the FEC’s earlier approval.

The reimbursement, nevertheless, stays topic to the Senate’s consideration and approval of the promissory notice programme.