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

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

In a letter addressed to Senate President Godswill Akpabio and read during Tuesday’s plenary in Abuja, Tinubu sought legislative approval for the establishment and issuance of the promissory note programme through the Debt Management Office (DMO).

The President told the Senate that the Federal Executive Council (FEC), at its second extraordinary meeting held on May 23, 2023, approved the takeover of the airport, constructed by the Yobe State Government, as well as the reimbursement of the project cost through a promissory note programme.

According to the letter, the Bureau of Public Procurement (BPP) has completed its review of the project and recommended N100,509,017,234.55 for reimbursement to the state government.

“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 stated.

The President also 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 read.

The request was subsequently referred to the relevant Senate committee for further legislative consideration.

If approved, the proposed programme would provide a mechanism for the federal government to reimburse Yobe State for the cost of the airport project, in line with the arrangement approved by the Federal Executive Council.

The Senate’s decision will determine the next step in the proposed reimbursement process.