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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.

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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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Unidentified visitor dies suddenly at Niger Government House Lodge

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Unidentified visitor dies suddenly at Niger Government House Lodge

By: Zagazola Makama

The Niger State Police Command has confirmed the sudden death of an unidentified man who collapsed and died at Government House Lodge, Minna. Zagazola learnt that the incident occurred on Friday, Aug. 2, 2025.

Sources said that the deceased had visited House No. 8, Government House Lodge, in an attempt to see Mr. Sammy, Chairman of Niger Foods. However, upon meeting his host’s absence, the man suddenly took ill.

Medical doctors were reportedly contacted from the IBB Specialist Hospital, Minna, for urgent attention. Unfortunately, by the time the doctor arrived, the man had already passed away.

Following the report, a team of police operatives from GRA Division visited the scene. The body was photographed and evacuated to the IBB Specialist Hospital Mortuary for autopsy to determine the exact cause of death.

Unidentified visitor dies suddenly at Niger Government House Lodge

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Bauchi Guber: Sen Buba accepts calls by Bauchi North APC members to contest in 2027

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Bauchi Guber: Sen Buba accepts calls by Bauchi North APC members to contest in 2027

By Amina Ahmed Dankawuwa

The Senator representing Bauchi South at the national assembly, Senator Shehu Buba Umar has accepted the calls by the members of the All Progressives Congress (APC) Bauchi North Senatorial District to contest for Governorship come 2027.

The Director General of the campaign for the actualisation of Sen Buba’s Gubernatorial ambition, Alhaji Muhammad Sade (Usman) accepted the calls on behalf of the Senator during a town hall meeting held on Saturday by the members of the All Progressives Congress (APC) Bauchi North Senatorial in Azare.

He appealed to members of APC to maintain peace with all other aspirants within the party.

“Let’s respect other aspirants, such that anybody who win the primary election can have will be assisted by others, so we must value and respect each other”, he reasoned.

Muhammad Sade also called on party members to commence looking for delegates for ahead of the party primaries.

“It is now that we have to look for those that have votes. I call on our esteemed supporters to start mobilizing for delegate”, he emphasized.

He also advised social media handlers (citizens journalist) to avoid creating problems for personal gain, adding that social media some times create a lot of problem within and out side the party endorsed Senator representing Bauchi South, Senator Shehu Buba Umar for Bauchi Governor come 2027.

Baushe Daily Times reports that members of the APC gathered in thousands during the meeting in Azare during which they unanimously agreed to support Senator Shehu Buba for Governor come 2027.

Earlier in a welcoming address, former majority leader in the Bauchi state house of assembly, Hon Tijjani Mohammed Aliyu, the choice to support Sen Shehu buba Umar’s Governorship ambition was due to his concern and care he has for the people of Bauchi state.

“He respects us, he values our people politically and he also call on party members to respect each other because politics shouldn’t be considered as a do or die affair”, he said.

Also speaking, Alhaji Bashir Bukar Rimin Zayam charged the youth to cast their votes for the youth only and avoid voting older politicians who will always be going abroad for medical attention.

He therefore, appealed to members of APC to mobilised people to support Sen Shehu Buba for Governor.

Among those who attended the town hall meeting include state assembly member Azare/Madangala Hon Zakariyya sale maigero, comr sabo Mohammed S A to Sen Shehu Buba on media and communication, Hon kasuwa Shehu Damana, Hon Adamu Fanta Misau, Hon maiwada Misau,Hon Mohammed Hassan, Barr Muktar Umar, Alhaji Nura Adamu among others.

Bauchi Guber: Sen Buba accepts calls by Bauchi North APC members to contest in 2027

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NHRC: Closure of Badeggi Radio, A Suppression of Press Freedom, Affront to Democracy

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NHRC: Closure of Badeggi Radio, A Suppression of Press Freedom, Affront to Democracy

By: Michael Mike

The National Human Rights Commission (NHRC) has condemned in strong terms the closure of Badeggi Radio in Niger State by the State Governor Mohammed Bago, discribing it as not only a suppression of press freedom but an affront to democracy.

The Executive Secretary of the Commission Dr Tony Ojukwu, condemned the action while reacting to the ugly incident. He said the governor’s decision to shut down the radio station without following due process is disappointing and a clear violation of the right to freedom of expression, as guaranteed by Section 39 of the 1999 Constitution and Article 9 of the African Charter on Human and Peoples’ Rights.

Ojukwu noted that the consequences of suppressing press freedom are far-reaching and can lead to increased government opacity, reduced citizen participation, creat obstacles to accountability, and weakening of democratic institutions.

He said: “The arbitrary shutdown of media outlets undermines the checks and balances essential to a functioning democracy.”

He called on Governor Bago to immediately unseal the Radio Station and allow it to resume full operations, asking him to channel issues concerning any alleged unconstitutional operations of the Radio Station to the appropriate authority and not act with impunity.

He said: “This is both a moral imperative and a democratic requirement.”

Ojukwu who is also the president of the Network of National Human Rights Institutions in West Africa ( NNHRI-WA) urged the governments to protect journalists and media freedom, foster a culture of tolerance, and support independent media. “Journalists must be able to operate without fear of harassment, intimidation, or violence,” He emphasized.

He lamented that the media has severally come under attack in various forms, a situation he termed as unacceptable in a civilized society.

He called on the Nigerian Broadcasting Commission (NBC) to be firm in carrying out its Statutory mandate which must not be abused at any slight opportunity.

He used the opportunity to ask media practitioners to be professional at all times in order to prevent needless censorship by political office holders.

He also called on Nigerian Guild of Editors to provide professional guidance at regular intervals as this will curb the use of hate speech, fake news and other unprofessional conducts capable of adversely affecting the media houses.

He insisted that the Commission remains committed to promoting and protecting human rights in Nigeria and would continue to monitor the situation closely.

NHRC: Closure of Badeggi Radio, A Suppression of Press Freedom, Affront to Democracy

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