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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
News
Integrated campaign to boost health of 1m children, women in Gombe
Integrated campaign to boost health of 1m children, women in Gombe
The Gombe State government in collaboration with the Federal Government and the United Nations Children’s Fund (UNICEF), has inaugurated the National Immunisation Plus Days campaign in the state.
The integrated campaign is targeting 1, 046, 553 beneficiaries, comprising 832, 427 children for vaccination against polio and 214,126 pregnant women to be provided multiple micronutrient supplements.
Mr Manassah Jatau, the state’s Deputy Governor while inaugurating the campaign on Friday in Swa community in Balanga LGA of Gombe State said the event also marked the launch of the Maternal Newborn and Child Health Week (MNCHW).
Jatau who was represented by Dr Ahmed Kashere, Chairman of the Governing Council of the Gombe State Primary HealthCare Development Agency described the campaign as crucial towards protecting the health of children and expectant mothers.
He said that the integrated campaign would ensure that children were protected from diseases that threaten their lives.
“This campaign targets 832,427 eligible children and pregnant mothers across 11 LGAs, focusing on polio vaccination for children under five.
“It will ensure vitamin A supplementation for 770,852 children aged 6-59 months, to boost their immune system and prevent night blindness
“Deworming for children aged 12-59 months, to improve their nutritional status and reduce the burden of worm infestation would also be part of the campaign.
“During the exercise, malnutrition screening for children aged 6-59 months, to identify and manage malnutrition early would be carried out.
“Multiple micronutrient supplements would be provided for 214,126 pregnant women, to ensure they have the necessary nutrients for a healthy pregnancy,” he said.
According to him, Sulphadoxine pyrimethamine will be provided for pregnant women, to prevent malaria and its complications.
Jatau stated that the campaign would also feature health education on key household practices, to empower communities across the state with knowledge on healthy living.
He urged all stakeholders, community members, and well-meaning individuals to support the campaign, towards protecting children, pregnant women, while promoting healthy practices in communities.
The deputy governor commended development partners for their continued support and commitment to improving health outcomes in the state while also appreciating community leaders and health workers for their contributions.
Mr Haruna Gambo, the Zonal Technical Officer, National Primary HealthCare Development Agency restated the commitment of the Federal Government to the wellbeing of children and mothers across the state and country.
Gambo said that the collaborative approach through the integrated campaign would strengthen the immunisation system towards improving the health of communities.
In her remarks, Dr. Nuzhat Rafique, Chief UNICEF Bauchi Field Office said that the earlier campaign in the year recorded remarkable success, reaching thousands of children.
Rafique said that the success of the earlier campaign demonstrated what is possible when governments, communities, health workers, and partners unite behind a common goal.
She stated that immunisation remained one of the most powerful tools to protecting children from life-threatening, yet entirely preventable, diseases.
“In Gombe State, the immunisation campaign is being integrated with the MNCHW to ensure that more children and mothers are reached with essential health services.
“As part of our support, UNICEF has provided over 20,000 bottles of Multiple Micronutrient Supplements (MMS) for pregnant women.
“We have also provided over 700,000 doses of Vitamin A to boost the immunity of children and keep them healthy,” she said.
While thanking all donors and governments at all levels, Rafique called on parents, caregivers, community leaders, and partners across all sectors to “help ensure that no child is missed.”
Mothers who came out en masse with their children told our Correspondent that they were appreciative of the government and development partners’ efforts at offering them free vaccines and supplements.
According to them, mothers and their children in their community no longer fall ill as they used to since they embraced health initiatives from the government and donor partners.
Integrated campaign to boost health of 1m children, women in Gombe
News
Alaafin Assures NDLEA of Support, Collaboration in Fight Against Illicit Drugs
Alaafin Assures NDLEA of Support, Collaboration in Fight Against Illicit Drugs
By: Michael Mike
The Alaafin of Oyo, Oba Abimbola Owoade has assured the Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Buba Marwa (rtd) of support and collaboration in his renewed mandate to curb the scourge of substance abuse and illicit drug trafficking in the country.
The revered traditional ruler gave the assurance when he led two other royal fathers: Oloro of Oro, Oba Joel Olaniyan Olatoye and Olusin of Ijara Isin, Oba Ademola Julius Ajibola, on a courtesy visit to Marwa at the agency’s national headquarters in Abuja on Friday.

He said he is proud of Marwa’s trajectory as Atunluse of Yoruba land.
According to him, “to be kind with you, we are proud of you. Your being in this position at the moment is not just by chance, it’s because of your devotion, your commitment. You have this amiable character. That’s why you are able to govern Borno and Lagos States, and you have always been a performer. Another thing which I can’t forget about you is the legacy of Keke Marwa that you brought to Nigeria.”
Responding directly to the appeal by the NDLEA boss to traditional rulers to support ongoing efforts against drug abuse in the country, the Alaafin assured of his readiness to mobilise his colleagues to work with the agency.
He said: “I’ve heard your message and the same thing with some of my colleagues here and some of my other traditional rulers, we are ready to collaborate with you. I have to tell you, we are at the grassroots, we are close to the community people. We know a lot about what’s going on. So, I’m using this opportunity to tell you that we are ready. We are more than ready to work with you and to give you all the necessary support to make sure that you are successful in this job. We can tell you that anytime you are in need of us, we will always be there for you.”

In his welcome remark, Marwa congratulated the Alaafin for ascending the throne of his forefathers. He charged him and other traditional rulers across the country to leverage on their influence at the local level to work with NDLEA to stamp out substance abuse in communities.
Marwa said: “The drug scourge in Nigeria is at an unacceptable limit and from the drug use survey report of 2018, we find that close to 15 million Nigerians aged 15 to 64 use drugs. It’s a big problem and we have been mandated by President Tinubu, to stand up, fight the drug scourge, arrest those responsible, prosecute them and seize their assets, the traffickers. And on this assignment, we would like to call on the traditional institutions because it’s a very, very important institution.
“Nigerians respect the traditional institutions. Whoever you are in Nigeria, you still come from somewhere. And when you go back to that place, you pay homage to whoever is the leader of the community. And so when the traditional leader speaks, it carries weight. And equally we plead for traditional leaders to also engage the religious leaders in charge of churches and mosques in their domains, they should do serious advocacy against the use of drugs. The NDLEA is always prepared to work with the traditional institution.”

He said the agency will also appreciate getting information about drug dealers in local communities from traditional rulers because of the risk they pose to many youths and their families. “We really appreciate this collaboration and I know for a fact that if we are able to control drug use, even the criminalities will come down because all the people that are kidnappers and the insurgents, terrorists, bandits everywhere, they use drugs first to charge themselves up, to make them high.”
He expressed appreciation to Alaafin for the visit and wished him long successful reign in
good health, peace, development and prosperity in the entire Oyo Kingdom.
Alaafin Assures NDLEA of Support, Collaboration in Fight Against Illicit Drugs
News
Mignot: Africa/Europe Ties Destined, Rests on Mutual Respect
Mignot: Africa/Europe Ties Destined, Rests on Mutual Respect
By: Michael Mike
The European Union (EU) Ambassador to Nigeria and ECOWAS, Gautier Mignot has described the ties between the continents of Europe and Africa as destined and rest on long-term impact, sustainability and mutual respect.
Speaking at a reception organized for African Union and European Union in Abuja, Mignot said “the ties between both continents as a “community of destiny,” adding that Africa’s and Europe’s wellbeing are deeply interconnected.
He emphasized that the partnership rests on long-term impact, sustainability and mutual respect—principles he believes will continue to guide cooperation in the coming years.
The reception which marked the successful conclusion of the 7th African Union–European Union Summit and the 25th anniversary of the AU–EU partnership hosted by the European Union Delegation to Nigeria and ECOWAS, in collaboration with the Embassy of Angola, had in attendance envoys from both European and African countries.
The reception was jointly led by the EU Ambassador and the Ambassador of Angola, José Bamóquina Zau, whose country hosted the summit in Luanda at the end of November.
In his remarks, the EU Ambassador praised Angola for its hospitality, noting that the summit’s success was anchored largely on the commitment and support of the host government and people. He extended the appreciation of all participating delegations to Ambassador Zau and commended Angola for facilitating what he described as “a real sense of community” among nations.
Although President Bola Ahmed Tinubu was unable to attend the summit in Angola due to domestic engagements, Nigeria was represented by Vice-President Kashim Shettima.
The ambassador noted that the strong representation from both African and European sides underscored the significance attached to the partnership. According to him, the joint statement endorsed in Luanda by countries representing about 40 percent of the global community demonstrated unity and shared resolve.
He said the summit reaffirmed a shared commitment to a more inclusive global order and a fairer international financial system capable of addressing the needs of citizens across the two regions. Over the past 25 years, he added, the AU–EU partnership has matured into a platform that drives concrete results across critical areas including peace and security, economic transformation, green and digital transitions, education and regional integration.
Highlighting the Global Gateway Investment Strategy, Mignot noted that more than half of its 264 flagship projects are focused on Africa, with investment commitments of at least €150 billion.
He also cited major initiatives aligned with the AU Agenda 2063, including the €1.2 billion Team Europe programme supporting the African Continental Free Trade Area, and the Africa-Europe Green Energy Initiative targeting the delivery of 50 GW of renewable energy and electricity access for 100 million Africans by 2030.
He noted that despite occasional misconceptions about the strength of the relationship, but stressed that the EU remains Africa’s largest trading partner, leading investor, top provider of development and humanitarian assistance, and the biggest contributor to the African Peace and Security Architecture.
He highlighted youth mobility and women’s empowerment as areas of particular pride for the partnership.
On his part, Ambassador of Angola, José Bamóquina Zau on the event hosted in Angola, said: “Luanda stood up as a platform of hope and a symbol of the African desire to establish continuous relations with Europe in search of benefits of both sides.”
He said hope must be anchored on building channels of dialogue and cooperation in the areas of peace and security, trade and investment, governance, education and health, climate action, and digital transformation.
The envoy said: “We must guide our actions with a spirit of pragmatism, free from the prejudice and bureaucracy that so often hinder the implementation of important decisions taken together.”
He however stated that Africa cannot continue to be dominated by poverty while remaining a major supplier of essential raw materials to the world.
He added that: “We must to build a new, solid, and effective vision between Africa and European financial institutions, with investments in development. This is the most assertive way to avoid the suffocation caused by excessive debt burdens.”
He however said: “Our strategic partnership will only be strong and resilient if it aligns with the African Union’s Agenda 2063, and capable of responding to current global and local geopolitical challenges.”
Mignot: Africa/Europe Ties Destined, Rests on Mutual Respect
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