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Soaring Debt Burden: ActionAid Nigeria Calls for Urgent Fiscal Reforms
Soaring Debt Burden: ActionAid Nigeria Calls for Urgent Fiscal Reforms
By: Michael Mike
ActionAid Nigeria has called for urgent fiscal reforms to address the soaring public debt which has risen to N134 trillion and pushed debt burden to N620,000 per citizen.
The organisation in a press statement on Saturday, said it is deeply alarmed by Nigeria’s escalating public debt, which now stands at an unprecedented N134.297 trillion as of June 2024, according to figures from the Debt Management Office (DMO).
It decried that this staggering debt has grown by nearly N13 trillion in just three months—a rate of nearly 11%—placing a burden of approximately N619,501 on each Nigerian citizen, a figure that far exceeds the recently approved minimum wage of N70,000. Without immediate intervention, Nigeria risks falling into a full-blown debt crisis.
It said this debt burden, driven primarily by large-scale borrowing, underscores a critical need to reassess Nigeria’s fiscal policies. While infrastructure development is crucial, the cost of these projects should not come at the expense of Nigerians’ access to basic services. With a population of over 216 million, this unsustainable trajectory has led to widespread concerns about the impact on poverty, healthcare, education, and overall quality of life.
ActionAid said Nigeria’s public debt profile is divided between N63 trillion in external debt and N71.2 trillion in domestic debt. The Federal Government holds the bulk of this debt, accounting for N55.8 trillion externally and N66.9 trillion domestically, while states collectively owe N7.1 trillion in external and N4.2 trillion in domestic debt. Lagos State carries the heaviest domestic debt burden at N885.99 billion, followed by Rivers State at N389.20 billion. These figures reveal a stark fiscal imbalance, indicating that both federal and state governments must re-evaluate their spending priorities and debt management practices.
It noted that “the impact of this debt extends beyond mere statistics; it represents a substantial barrier to essential services for the Nigerian people. Despite high debt levels, millions of Nigerians lack access to adequate healthcare, education, clean water, and poverty relief. Many families struggle to meet their daily needs, and with every citizen effectively saddled with a debt obligation of almost N600,000, urgent fiscal action is required to protect and uplift Nigeria’s most vulnerable populations.
“The removal of the subsidy was intended to free up significant resources, with the promise that these funds redirected to all tiers of government and drastically cutting down the country’s dependence on borrowing. However, as the nation’s public debt continues to soar, the question arises: where is the money from the fuel subsidy savings going?”
It insisted that: “If managed effectively, the funds from the subsidy removal should not only reduce the need for further loans but also enhance fiscal stability by enabling better investment in education, healthcare, and poverty reduction programs.
“These funds must be managed with full accountability and transparency, ensuring they are invested efficiently in ways that directly benefit the most vulnerable citizens. Without strict oversight and clear reporting on the allocation and impact of these funds, there is a risk they could be mismanaged or diverted to wasteful projects, leaving the promise of the subsidy removal unfulfilled and worsening the country’s financial situation.”
The statement signed by Country Director, ActionAid Nigeria Andrew Mamedu, further read that: “Nigeria’s debt-to-GDP ratio has now surpassed 50%. This marks a significant shift in the country’s fiscal landscape, highlighting the growing strain on the economy. While Nigeria has long maintained that its relatively low debt-to-GDP ratio allowed room for increased borrowing, the rapid rise in debt now limits the country’s ability to secure additional funding without exacerbating its fiscal challenges.
“The increasing debt burden, coupled with a high debt service-to-revenue ratio, threatens to undermine the government’s ability to invest in essential services, leaving the nation vulnerable to further economic instability. To prevent a full-blown debt crisis, Nigeria must adopt a more sustainable fiscal approach, curbing excessive borrowing and prioritising efficient allocation of resources to foster long-term economic growth.
“We recommend a reduction in the allowances of high-ranking government officials, including legislators and ministers, as a symbolic and practical step toward more responsible governance. By cutting these expenses, Nigeria can free up critical funds to address pressing social needs in education, healthcare, and poverty reduction.
“Beyond these cuts, ActionAid Nigeria urges a complete overhaul of fiscal policies to prioritise the needs of Nigeria’s poorest and most marginalised populations. Our current fiscal trajectory not only stifles economic growth but also risks worsening inequality and social unrest. With essential public services consistently underfunded, Nigeria’s per capita debt burden has reached a level that is both unsustainable and unacceptable.
“To alleviate the debt crisis, the government must diversify its revenue streams and adopt more progressive taxation measures. We urge the government to reform its taxation system, ensuring that wealthier individuals and corporations contribute their fair share, rather than over-relying on regressive taxes that disproportionately affect lower-income Nigerians. Additionally, the elimination of wasteful expenditures beyond salaries is necessary to build a robust, inclusive economy that works for all.”
It added that: “While the Federal Government carries a substantial portion of the debt, states like Lagos and Rivers are also burdened with high debt levels, highlighting regional fiscal disparities. The Federal Government must acknowledge these disparities and ensure that fiscal policies consider the unique economic realities of each state. A truly inclusive development plan must equitably distribute resources and opportunities across all regions of Nigeria.
“Nigeria’s mounting debt is not merely a result of borrowing; it is symptomatic of systemic governance issues, including inefficiency and mismanagement. ActionAid Nigeria calls for a transparent and accountable approach to borrowing and spending practices, particularly in implementing infrastructure projects. Every naira borrowed must be spent effectively, with a direct positive impact on Nigerians.
“This transparency is crucial for rebuilding public trust and demonstrating a commitment to responsible governance.
Nigeria’s growing debt signals an unsustainable economic path that urgently needs correction. To avert a worsening debt crisis, the Nigerian government must adopt a people-centered approach to development, prioritising human welfare over infrastructure projects that do not directly benefit the nation’s most marginalized citizens.”
It however said it remains committed to advocating for policies that promote the welfare of Nigeria’s most vulnerable and calls on the government to reorient its fiscal strategies to secure a sustainable, inclusive future.
Soaring Debt Burden: ActionAid Nigeria Calls for Urgent Fiscal Reforms
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Police arrest three officers for attempted murder of colleague’s son in Lagos over alleged affair with wife
Police arrest three officers for attempted murder of colleague’s son in Lagos over alleged affair with wife
By: Zagazola Makama
The Lagos State Police Command has arrested three police inspectors for allegedly assaulting a 22-year-old man to a state of coma at the 22 PMF Barracks, Ogudu.
Sources told Zagazola Makama that the incident occurred on Tuesday around 6:00 p.m. when the officers Inspector John Alom of 63 PMF Ikorodu, Inspector Sunday Adoga of CTU Base 2 Ikeja, and Inspector Jehovah Usam of 22 PMF Ikeja allegedly lured the victim, Jacob Sunday, to their room.
Jacob, said to be the son of Inspector Sunday Ochepo, was accused by the suspects of having an affair with the wife of one ASP Audu Richard, identified as Sarah Richard, who also resides in the barracks.
According to the sources , the victim was stripped naked and severely beaten until he lost consciousness.
He was later rescued by a team of detectives and taken to the Police College Cottage Hospital, Ikeja, where he is currently receiving treatment at the emergency unit.
The three officers have been arrested and detained pending disciplinary action.
Sources said that the Command said investigation into the incident is ongoing.
Police arrest three officers for attempted murder of colleague’s son in Lagos over alleged affair with wife
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Nigeria’s Strategic Partnerships: What the French Military Academy’s Visit to NDA Really Means
Nigeria’s Strategic Partnerships: What the French Military Academy’s Visit to NDA Really Means
By Senator Iroegbu
The recent visit of Lt-Gen. Emmanuel Charpy, Commandant of the École Spéciale Militaire de Saint-Cyr (ESM)—France’s foremost military academy—to the Nigerian Defence Academy (NDA) in Kaduna may have seemed like another routine diplomatic engagement. But its more profound implications for Nigeria’s national security, strategic autonomy, and regional leadership are far more profound.
At a time when social media critics are quick to politicise every foreign engagement, the symbolism of this visit deserves sober reflection. It wasn’t about subservience or colonial nostalgia. It was an affirmation of mutual respect, professional excellence, and Nigeria’s growing capacity to engage the world on its own terms.

Unfortunately, there is a popular but dangerous misconception that any cooperation with Western nations represents neo-colonial dependence. This mindset, disguised as patriotism, is in fact strategic illiteracy. True sovereignty is not measured by whom you refuse to engage, but by your ability to partner with powerful nations as an equal while preserving independent decision-making.
The Commandant of one of the world’s most prestigious military academies did not visit Nigeria as a benefactor to a client state. He came as a peer, recognising that the NDA—after over six decades and more than 20,000 graduates—has matured into a globally respected institution, currently hosting cadets from 14 allied countries. The French visit was earned, not solicited. It was Nigeria’s capacity, not its dependency, that drew attention.
Look to the Sahel for caution. The Alliance of Sahel States—Mali, Burkina Faso, and Niger—chose to expel Western forces and sever partnerships with France, only to replace them with heavy dependence on Russia’s Wagner Group, now rebranded as Africa Corps. The results? Escalating insecurity, deteriorating governance, and rising civilian casualties.
They traded one external dependency for another, gaining rhetorical sovereignty but losing absolute control. This is not the path Nigeria should emulate. The smart path is the one that balances partnerships, diversifies alliances, and builds capacity across multiple fronts without ideological rigidity.
Against this backdrop, Nigeria’s geography and regional role demand multilingual, multinational competence. We are surrounded by Francophone nations, including Niger, Chad, Cameroon, and Benin. For our Armed Forces, proficiency in French isn’t a luxury; it’s an operational necessity for border coordination, intelligence sharing, and peacekeeping.

The NDA–ESM collaboration directly addresses this need. It enhances leadership development, language proficiency, and training methodology. Far from diminishing Nigeria’s sovereignty, it strengthens our defence capabilities and reinforces our regional leadership role in ECOWAS, the African Union, and United Nations missions.
Partnerships like these are not about dependency; they are about mutual learning and growth. French cadets will also gain exposure to African security dynamics and cultural diversity—critical experiences for future global officers.
To this end, Nigeria’s defence and foreign policy must be guided by one principle: national interest, not by emotional reactions to historical grievances, nor by blind alignment with any global bloc. The question we must always ask is: Does this partnership serve Nigeria’s long-term security and development objectives?
If the NDA–ESM partnership enhances training quality, language capability, and international recognition, then it passes that test. And this is only one among many—Nigeria maintains robust defence relations with the United States, United Kingdom, China, Russia, India, and several African nations. Our policy is not “either/or.” It is strategic flexibility—extracting value from multiple sources while maintaining autonomy.
Real patriotism is not loud rejection of foreign engagement; it is the quiet, steady pursuit of excellence. It means making pragmatic decisions that strengthen our national capacity, regardless of where functional expertise originates. It means wanting Nigerian officers to be among the best trained in the world—and knowing that achieving that standard requires learning from global best practices.
The NDA–ESM partnership exemplifies this approach: selective, strategic, and mutually beneficial. It reflects confidence, not submission. It reflects maturity, not dependence.
As other nations in the Sahel drift into isolationism and populist anti-Western rhetoric, Nigeria is charting a more balanced course—engaging without capitulating, cooperating without compromising sovereignty. That’s not weakness; that’s wisdom. It’s the kind of leadership Africa urgently needs: autonomy rooted in strength, not isolationism driven by insecurity.

The world’s power dynamics are shifting. Nations that will thrive are those able to build strategic bridges—not walls. Nigeria’s Defence Academy, by opening its gates to peer collaboration, is quietly doing just that.
In a nutshell, the visit of General Charpy to the NDA was more than a diplomatic gesture. It was recognition of excellence, a celebration of partnership, and a demonstration of Nigeria’s growing stature in global military education. It tells a story of a country confident in its identity, secure in its sovereignty, and determined to engage the world on its own terms.
Nigeria’s national interest must come first—not East, not West, but Nigeria first. The NDA’s example shows that by engaging wisely, learning broadly, and acting decisively, we can build a military—and a nation—worthy of our aspirations.
Senator Iroegbu is a security, geopolitics and development analyst. Email: Senator.iroegbu@yahoo.co.uk
Nigeria’s Strategic Partnerships: What the French Military Academy’s Visit to NDA Really Means
News
Man killed in love-related fight in Yobe community
Man killed in love-related fight in Yobe community
By: Zagazola Makama
A 20-year-old man, identified as Jibrin Saidu Lamido, has been killed following a violent altercation over a romantic relationship in Gurdadi village, Yusufari Local Government Area of Yobe State.Sources said that the incident on Tuesday, saying it occurred around 2 a.m. on Monday when the deceased reportedly visited the home of his girlfriend, identified as Saratu Gata, aged 22, in Kalameri village.
An unknown man was said to have arrived at the scene, took the lady away, and challenged the deceased to follow them if he was “truly a man.” A fight subsequently broke out between both men, during which the suspect allegedly attacked Jibrin with a cutlass, inflicting severe injuries on his neck.
Security operatives from Kumaganam Outstation rushed the victim to the General Hospital, Kumaganam, where he was confirmed dead by a medical doctor.
His remains were later released to relatives for burial after an autopsy was conducted.
Police say efforts are ongoing to apprehend the fleeing suspect.
Man killed in love-related fight in Yobe community
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