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Nigeria’s debt N39.6 trillion and growing- DMO

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Nigeria’s debt N39.6 trillion and growing- DMO

Nigeria’s debt N39.6 trillion and growing- DMO

By: Michael Mike

The Debt Management Office (DMO) said on Thursday that the nation’s public debt has grown to US$95.779 billion or N39.556 trillion at the end of last year.

Director-General of DMO, Ms. Patience  Oniha during a media briefing in Abuja said the amount represents the total external and domestic debts of the federal government, 36 state governments and the Federal Capital Territory (FCT).

She noted that the comparable figure for December 31, 2020 was US$86.392 billion or N32.815 trillion.

She also disclosed that the public debt stock for December 31, 2021 includes new borrowings by the federal government and the sub-nationals, noting that for the federal government the 2021 appropriation and supplementary acts included total new borrowings (from domestic and external sources) of N5.489 trillion to part finance the deficit.

Oniha said borrowings for this purpose and disbursements by multi-lateral and bi-lateral creditors account for a significant portion of the increase in the debt stock, adding that increases were also recorded in the debt stock of the states and the FCT.

She revealed that borrowings were raised from diverse sources, primarily through the issuances of the Eurobonds, Sovereign Sukuk and FGN Bonds, which were utilized to finance capital projects and support economic recovery.

Also Read: Medical doctor cautions against excessive alcohol, limits…

She said: “With the total debt stock to gross domestic product (GDP) as at December 31, 2021 of 22.47%, the debt to GDP ratio still remains within Nigeria’s self-imposed limit of 40%. 

“This ratio is prudent when compared to the 55% limit advised by the World Babb and the International Monetary Fund (IMF) for countries in Nigeria’s peer group, as well as, ECOWAS Convergence Ratio of 70%.”

She however noted that the federal government is mindful of the relatively high Debt-to-Revenue Ratio and has initiated various measures to increase revenues through the Strategic Revenue Growth Initiative and the Introduction of Finance Acts since 2019.

She corrected the erroneous belief that the present administration was responsible for the rising debt profile, insisting that this was the accumulation of years of budget deficits and the need to borrow to finance the deficit budgets.

She lamented that we have not had budget surplus since way back 2010 even when the price of oil revenue was on the high.

She explained that many countries due largely to COVID-19 pandemic fell into recession and had to borrow to pull out of this, insisting that Nigeria was no exception to recession and need to get loan to finance her way to succession.

Nigeria’s debt N39.6 trillion and growing- DMO

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NSCC Appoints Yilwatda Its Ambassador

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NSCC Appoints Yilwatda Its Ambassador

By: Michael Mike

The National Senior Citizens Centre (NSCC) has appointed the Minister of Humanitarian Affairs and Poverty Reduction, Professor Natawe Goshwe Yilwatda, as its ambassador.

The appointment was made in Jos, Plateau State as part of activities to commemorate the National day of Older persons.

This significant appointment which was on the sidelines of the 6 day medical outreach organized by the Centre in collaboration with the Federal Ministry of Humanitarian Affairs and Poverty Reduction recognizes Professor Yilwatda’s unwavering dedication to humanitarian service, poverty alleviation, and the protection of vulnerable populations, particularly senior citizens.

According to a statement, as NSCC Ambassador, Yilwatda will serve as a key advocate for the rights, dignity, and well being of older persons across Nigeria.

The statement read: “His leadership and commitment are expected to drive impactful initiatives that promote healthy, active, and inclusive aging, in alignment with the NSCC’s national mandate.

“The NSCC looks forward to a fruitful partnership with Professor Yilwatda in advancing policies and programmes that uplift and empower the elderly in our communities.”

NSCC Appoints Yilwatda Its Ambassador

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Marwa: NDLEA Open to Controlled Exportation of Cannabis Oil

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Marwa: NDLEA Open to Controlled Exportation of Cannabis Oil

By: Michael Mike

Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA) has said the agency is not averse to the controlled and regulated export of cannabis oil to countries who desire it but remains opposed to its local consumption.

Speaking at a stakeholders workshop themed “Cannabis Oil Debate: The Path Forward for Nigeria”, organized by the Nigerian Academy of Science in Abuja on Wednesday, Marwa said the dialogue on cannabis oil is a welcome development.

He said: “At NDLEA, our position on cannabis oil is simple: we welcome dialogue. We believe Nigeria must make informed choices, not choices driven by half-truths, commercial interests, or global trends. Cannabis oil may have medicinal properties worth investigating, but it also carries health risks, potential for misuse, and implications for public safety. This is why it is crucial that scientists, medical experts, policymakers, and regulators are in the same room to bring facts to the table, scrutinise evidence, and weigh options carefully.

“Let me assure you that NDLEA is not opposed to science, nor are we indifferent to innovation. What we insist on is caution. Policy must protect lives, safeguard public health, and strengthen—not weaken—our fight against drug abuse. As such, the agency will not be averse to the idea of controlled export of cannabis oil to foreign companies and countries who desire it, as part of our drive as a country to enhance foreign earnings. After all, some countries have approved the use of cannabis oil for therapeutic purposes while others including Nigeria have not.

“Our concern however is about its consumption in Nigeria. In essence, we are not opposed to the idea of exporting the oil to those who desire it but such must be strictly controlled, licensed and monitored by NDLEA with such process located only within export free zones.”

Explaining further the position of the agency, the NDLEA boss said the conversation is necessary because “we are talking about Cannabis, which is not just another plant. It is a substance with complex medical, social, and economic dimensions. For decades, the debate has been one-sided. Advocates often highlight the supposed benefits of cannabis oil, while its risks and consequences are glossed over. This, no doubt informs the decision by us at the NDLEA to commission an ongoing study on cannabis oil by this respected apex body of scientists, the Nigerian Academy of Science.”

He added that: “In a country like Nigeria, which is already contending with a high burden of drug abuse, it is imperative that we approach this matter with sobriety, clarity, and balance. Till today, much of the public debate highlights the potential therapeutic uses of cannabis oil and the commercial value of its export. What about the risks? Evidence shows that cannabis, including its oil extracts, can have adverse effects on mental health, especially among young people. The prolonged or uncontrolled use of cannabis and its extracts is linked to anxiety, depression, psychosis, and cognitive impairment. In addition, dependence and addiction are real concerns as well. In reality, these side effects create additional social and economic costs for families, communities and society at large.

“Another fundamental issue that we must take cognisance of is that the lack of standardised production and regulation in many countries means products sold as “cannabis oil” often vary in potency, contain contaminants, or are misused outside of medical supervision. Already, Nigeria has one of the highest rates of misuse of cannabis worldwide. For a country already grappling with 14.4 percent substance abuse prevalence rate as against the global average of 5.6 percent and a staggering figure of 10.6 million cannabis users based on the last drug use survey report of 2018, the risks associated with cannabis cannot be dismissed. Rather, the reality should remind us that while cannabis oil may have medical potential, its dangers are real and must be addressed with strong safeguards before any policy shift is considered”

He said as part of efforts to mitigate the consequences of illicit drug cultivation and production is the decision by the agency, as the first in Africa, to introduce alternative development project in 2023.

According to him, “The Alternative Development Project demands ethical responsibility and commitment to develop transformative policies and humanitarian responses to mitigate drug-related problems and end the complexities and violence of the war on drugs in Nigeria and globally. In Nigeria, the Alternative Development Project will focus on reducing the vulnerabilities of ignorance, poverty, hunger, unemployment and underdevelopment that push people into illicit economies, particularly illicit drug cultivation. Aside from its link to transnational organised crime, illicit drug cultivation fuels national organised crime that causes agricultural states to abandon food crop cultivation for cannabis plantations in some communities across Nigeria. We intend to reduce these vulnerabilities both in urban centres and rural areas through the provision of functional mechanisms and facilities for sensitisation, skills acquisition, empowerment and positive engagements for sustainable livelihoods.”

In his welcome remark, President of the Nigerian Academy of Science, Prof Abubakar Sambo who was represented by the Vice President of NAS, Prof Friday Okonofua noted that several research studies have considered various uses of cannabis and its side effects. He said the workshop was aimed at reaching a consensus on the contentious issue of the use of cannabis oil.

“At the end of the day, we’ll have evidence-based consensus work, which will be properly documented that will lead us to decide what we should be doing regarding the use of cannabis in this country”, he stated.

Chairman of NAS study committee on cannabis oil use, Prof Musbau Akanbi commended NDLEA for being proactive and working with the Academy to obtain science driven guide for Nigeria. “As we all know, cannabis oil is extracted from cannabis and the legalisation of the use of the oil would translate to large-scale cultivation of the weed itself. The Nigerian Academy of Science consequently constitutes the consensus study committee on cannabis oil debate, comprising experts in all fields that had to do with the study request. The committee collected a lot of literature on the subject matter from all over the world, reviewed what is happening in other lands, and decided to arrange this workshop where experts from various related fields will come together with stakeholders and present evidence that will be collated to assist NDLEA in carrying out its honest responsibility.”

Also speaking at the workshop, Dr. Samuel Adekola who represented Governor Lucky Aiyedatiwa of Ondo state noted that “this all-important workshop will offer our great country, Nigeria, the opportunity to move from debate to design, from potential to policies and I urge all participants to contribute constructively so that together we can rise to craft a model that not only benefit the consumers of health, also the sunshine state and Nigeria, but also position our nation as a leader on the African continent in this emerging field. Let us proceed with vision, with courage, and with unity of purpose”

In his keynote address, the Director, WHO Collaborating Centre for Research and Training in Mental Health, Neurosciences, and Substance Abuse, University of Ibadan, Prof. Oye Gureje, stated that cumulative evidence suggests that “cannabis has some limited medical use”, and “widespread recreational use is likely to lead to increased risk of psychosis”, while “public health may be moderately affected by increased use (e.g. road accidents)”

Marwa: NDLEA Open to Controlled Exportation of Cannabis Oil

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Zagazola Makama replies U.S. Congressman: Stop weaponising religion to deny Nigeria arms

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Zagazola Makama replies U.S. Congressman: Stop weaponising religion to deny Nigeria arms

By: Zagazola Makama

Security analyst and counterinsurgency expert, Zagazola Makama, has dismissed as false, baseless, and hypocritical the recent claims by U.S. Congressman Riley M. Moore alleging “systematic persecution and slaughter of Christians” in Nigeria.

Makama said the Congressman’s remarks were nothing but an orchestrated attempt to exploit religion as a political weapon, while disguising the real agenda to deny Nigeria access to weapons and military hardware needed to defeat terrorism.

This entire narrative of so-called Christian genocide is not only false but deliberately crafted to cripple Nigeria’s counterterrorism capacity. The same terrorists who attack churches also bomb mosques and kill Muslim villagers. They are not fighting for faith they are fighting against peace,” Makama said.

He noted that Moore’s claim of 7,000 Christians killed in 2025 was not supported by any verifiable evidence or credible international monitoring body, including the United Nations, Amnesty International, Human Rights Watch, or even the U.S. Embassy in Abuja, which maintains real-time intelligence on Nigeria’s security situation.

“If the U.S. Embassy in Abuja with its vast intelligence network has never classified the violence in Nigeria as religious genocide, then where exactly did this Congressman get his statistics from? Certainly not from facts,” he said.

Makama said it was deeply disturbing that individuals in the U.S. Congress could be misled by propaganda designed to portray Nigeria as a country at war with its Christian population, when in fact, victims of insurgency and banditry cut across all religions and ethnicities.

He warned that blocking arms sales to Nigeria under the guise of human rights or religious concerns would directly strengthen the terrorists and make the U.S. Congress complicit in the killings they claim to condemn.

“When you deny Nigeria weapons to fight terror, you are helping the terrorists who get theirs through illegal back channels. That means the so-called human rights defenders in Congress are aiding mass murder by ensuring that innocent civilians remain defenceless,” Makama stated.

He also reminded the U.S. lawmaker that earlier this year, Washington itself admitted that American taxpayer money through USAID had found its way into the hands of terrorist-linked organizations in the Sahel, yet no one has been prosecuted.

“So before pointing fingers at Nigeria, the U.S. should first look inward. Their own agencies have admitted to indirectly funding terrorists, and yet, they continue to lecture other nations about accountability,” he said.

Makama described the Congressman’s statements as a dangerous attempt to sow religious division and mislead the international community into viewing Nigeria through a sectarian lens.

“Nigeria’s security crisis is not a Christian-versus-Muslim war. It is a fight between lawful citizens and violent extremists. Any attempt to twist it into a religious war is dishonest and deeply irresponsible,” he said.

He added that countless soldiers and civilians of both faiths have sacrificed their lives in defence of the country, and their bravery should never be undermined by political actors seeking to weaponise faith for foreign agendas.

“Those who peddle this false narrative are not friends of peace. They are knowingly promoting religious hatred and helping the enemies of Nigeria by trying to cut off its access to essential defence support,” Makama said.

He called on international partners to rely on verified intelligence, credible data, and first-hand reports from reputable organizations rather than politically motivated fabrications designed to damage Nigeria’s reputation.

“If the U.S. truly stands for global peace and religious freedom, it must stop empowering propaganda that fuels division and weakens nations fighting terrorism on the frontlines,” he concluded.

Zagazola Makama replies U.S. Congressman: Stop weaponising religion to deny Nigeria arms

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