National News
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
National News
ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border
ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border
By: Michael Mike
The Economic Community of West African States (ECOWAS) has issued ECOWAS National Biometric Identity Cards (ENBIC) to more than 260 women traders in border communities between Senegal and Guinea-Bissau in a move aimed at strengthening regional integration and easing cross-border trade.
The cards were presented during a ceremony held on March 16, 2026, in the twin border communities of São Domingos and Mpack, with support from the German Agency for International Cooperation (GIZ).
The initiative, led by ECOWAS’ Directorate of Free Movement of Persons, Migration and Tourism, is designed to facilitate the movement of women engaged in cross-border economic activities while addressing administrative barriers faced by vulnerable populations who often lack awareness or access to ECOWAS travel documents.

The event brought together officials from both countries, including the Governor of Cacheu in Guinea-Bissau, Honorina Vasconcelos, and the Governor of Ziguinchor in Senegal, Mor Talla Tine, alongside representatives of national boundary commissions and the ECOWAS Commission.
Speaking at the ceremony, Vasconcelos expressed appreciation to ECOWAS for selecting São Domingos as a beneficiary of the pilot phase of the initiative, describing the programme as an important step toward strengthening regional integration and facilitating free movement across the sub-region.
Also addressing participants, Tine commended the programme and stressed the importance of transforming border communities into hubs of economic opportunity while maintaining vigilance against security threats and cross-border crime. He noted that around 100 women cross the Mpack–São Domingos border daily without adequate knowledge of required travel documents, highlighting the need for broader community sensitization.
Representing ECOWAS’ Director of Free Movement of Persons, Migration and Tourism, Obinna Ajugwo said the initiative demonstrates the organisation’s commitment to translating regional integration policies into tangible benefits for citizens.
He explained that the ECOWAS National Biometric Identity Card plays a critical role in facilitating cross-border travel while enhancing security through modern identity verification systems.
In total, 262 women traders received the biometric cards, a development that was greeted with enthusiasm and appreciation by beneficiaries who rely on daily cross-border trade for their livelihoods.
ECOWAS said the programme forms part of its broader efforts to strengthen border management systems, improve migration governance and advance the free movement of persons across West Africa.
Established in 1975 in Lagos, the regional bloc continues to pursue economic integration and cooperation among its member states, with a long-term vision of building an “ECOWAS of the People: Peace and Prosperity to All by 2050.”
ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border
National News
VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri
VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri
By: Our Reporter
Vice President, Senator Kashim Shettima, Borno State Governor, Professor Babagana Umara Zulum, joined thousands of muslim faithful to observe the Eid prayers at Ramat Square, Maiduguri.
The two units prayer were observed peacefully at the main Eid ground and other prayer grounds across the state under tight security, marking the end of the month-long Ramadan fast.

In a sallah message shortly after the sermon by the Imam Idaini of Borno, Shettiima Mamman Saleh, the Vice President called for unity and peaceful coexistence in the state and the country as a whole.

Senator Shettima assures the Federal Government Gommitment to protecting the lives and properties of the citizenry, stressing that the fight against insurgency would be tackled head-on.
The Imam Idaini admonished worshippers to imbibe the lessons learned during the holy month and encouraged Muslim faithful to give alms to the poor (zakatul fitr) and to fast six days in the month of Shawwal to receive Allah’s bounties and rewards.

Borno State Governor, Professor Babagana Umara Zulum, in a sallah message, called on faithful to recharge their spiritual beings towards rebuilding a secure, peaceful, and prosperous Borno.
He saluted the courage, resilience, and commitment of the people to all initiatives aimed at deepening security and peace-building among the various components of society, fragmented by the Boko Haram insurgency over the years.
The Eid prayer was attended by the Shehu of Borno, Shehu Abubakar Ibn Umar Garbai Almin El-Kanemi; the Borno State Deputy Governor, Umar Usman Kadafur; the APC Deputy National Chairman, North, Senator Mohammed Ali Ndume; and Senator Kaka Shehu Lawan SAN, Minister of State for Regional Development.

Other dignitaries include members of the House of Representatives and the Borno State House of Assembly, former deputy governors, the Secretary to the State Government, Commissioners, APC stalwarts, and other top government officials.
VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri
National News
Eid-el-Fitr: IPCR Urges Nigerians to Embrace Unity, Peaceful Coexistence
Eid-el-Fitr: IPCR Urges Nigerians to Embrace Unity, Peaceful Coexistence
By: Michael Mike
The Institute for Peace and Conflict Resolution (IPCR) has called on Nigerians to strengthen unity, tolerance and peaceful coexistence as Muslims across the country celebrate Eid-el-Fitr, marking the end of the holy month of Ramadan.
In a statement issued on Thursday in Abuja, the Director-General of the institute, Dr. Joseph Ochogwu, congratulated the Muslim Ummah in Nigeria and around the world on the successful completion of the Ramadan fast.
He said the occasion, which signifies the end of a period of fasting, reflection and spiritual devotion, provides an opportunity for citizens to renew their commitment to the values of peace, compassion and national unity.
Ochogwu urged Muslims to sustain the virtues cultivated during Ramadan—such as self-discipline, patience, charity and piety—beyond the festive period, stressing that such values are essential for building harmonious communities and strengthening the nation.
According to him, Nigerians must also rise above religious, ethnic and political differences and embrace mutual respect and peaceful coexistence as vital ingredients for national development.
“At a time when the country is confronted with complex challenges, unity of purpose and collective responsibility are crucial to overcoming divisions and building a more secure and prosperous nation,” he said.
The institute also expressed concern over recent security incidents in parts of the country, including the tragic bomb blast in Maiduguri, Borno State, which claimed several lives.
Ochogwu extended condolences to families of the victims, praying for the repose of the deceased and speedy recovery for those injured in the attack.
He reaffirmed the institute’s commitment to its mandate of promoting peacebuilding, conflict prevention and resolution across Nigeria, noting that IPCR would continue to work with government institutions, communities and other stakeholders to address the root causes of conflict.
The IPCR boss further urged citizens to remain vigilant, cooperate with security agencies and actively support peacebuilding initiatives in their communities.
“Peace is a shared responsibility, and every Nigerian has a role to play in safeguarding it,” he added.
Ochogwu also prayed that the Eid-el-Fitr celebration would usher in renewed hope, healing and unity for Nigeria while advancing peace, stability and national progress.
Eid-el-Fitr: IPCR Urges Nigerians to Embrace Unity, Peaceful Coexistence
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