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Soaring Debt Burden: ActionAid Nigeria Calls for Urgent Fiscal Reforms

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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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Lafarge Africa rakes in N97.95bn profit in Q1 2026

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Lafarge Africa rakes in N97.95bn profit in Q1 2026

By Hajara Usman

Lafarge Africa Plc says it has reported a big profit for the first three months of 2026. The company made N97.95 billion after tax. This is much higher than the N48.64 billion it made in the same period in 2025.

The company also earned more money from sales. Its net sales increased to N334.88 billion. This is a 35 percent rise from N248.35 billion last year.

The Chief Executive Officer, Lolu Alade-Akinyemi, said the good result came from higher sales and careful spending. He said better factory work, more production, and improved delivery helped the company grow.

He also said operating profit rose by 97 percent to N141 billion. Profit after tax increased by 101 percent. According to him, this was made possible by strong demand, good cost control, and better supply.

The company said it will keep working with its partner, Huaxin Building Materials Ltd, to improve its operations.

Lafarge Africa added that demand for cement is growing in Nigeria, especially in building and construction. The company plans to continue controlling costs and growing its business.

It also thanked its customers and partners for their support and promised to keep delivering good results in the future.

Lafarge Africa rakes in N97.95bn profit in Q1 2026

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2027: Don’t Pull Down the Roof

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2027: Don’t Pull Down the Roof

By Senator Kashim Shettima, GCON

The political season is upon us again, and with it comes the familiar fever of democracy. Across our wards and local governments, across party offices and private homes, consultations have begun. Aspirants are making calls, elders are receiving visits, supporters are counting delegates, and the marketplace of ambition is alive once more.

This is proof that our democracy still breathes. It is evidence that power in our republic is still something to be negotiated, contested, persuaded, and earned. But every season of politics also comes with its temptations. It comes with the temptation to mistake disagreement for betrayal, competition for enmity, preference for exclusion, and media interpretation for truth.

This is why, at this delicate hour, we must speak to ourselves with candour, but also with restraint. We must remind ourselves that a political party is not a battlefield. It is a family. And even in the most spirited family, the roof must never be pulled down because one room appears warmer than another.

We are members of one political household. We may have different aspirations, different loyalists, different zones of influence, different calculations, and different preferred outcomes. That is normal. Democracy was never designed to abolish ambition. It was designed to civilise it. It was designed to teach us that we can compete without destroying one another, disagree without demonising one another, and lose without setting fire to the very platform that gave us a voice.

We must therefore refuse the temptation to be manipulated by the media, by mischief-makers, by vested interests, or by those who profit from division. There will always be those who whisper that one leader has been slighted, that one bloc has been excluded, or that one interest has been buried. These are familiar tricks in the theatre of politics. They are meant to provoke suspicion, inflame supporters, and turn comrades into adversaries before the real contest even begins.

But leadership demands that we rise above provocation. Leadership demands that we ask: who benefits when brothers fight? Who gains when a party weakens itself before facing the opposition? Who profits when those who should be building bridges begin to dig trenches?

The truth is simple. The real challenge before us does not end with the primaries. In fact, it begins after the primaries. The primaries will produce candidates, but the general election will test the strength of our unity. A fractured party may produce a candidate, but only a united party can produce victory. A ticket may be won in a hall, but an election is won in the streets, in the villages, in the markets, in the polling units, and in the hearts of the people.

This is why every party chieftain, every aspirant, every stakeholder, every delegate, and every supporter matters. Each of us is a raindrop, and each raindrop matters in the making of a flood. No raindrop is too small to be ignored. No stakeholder is too insignificant to be respected. No supporter is too ordinary to be heard. The strength of a party is not only in its most visible leaders; it is in the quiet loyalty of the people who stand by it when the applause has faded.

For this reason, moderation must be our watchword. Moderation is not weakness. It is wisdom in public conduct. It is the discipline to speak without poisoning the well. It is the maturity to pursue an interest without injuring the family. It is the grace to understand that today’s disappointment may become tomorrow’s opportunity, and that the bridge we burn in anger may be the road we need in another season.

We cannot all win at the same time. This is the first hard lesson of politics. For every ticket, only one candidate will emerge. Many will consult. Many will spend. Many will hope. Many will be encouraged by supporters, friends, and elders. But at the end of the process, only one name will be submitted. That outcome, however painful to others, is not always an injustice. It is often the unavoidable arithmetic of democracy.

The true test of a politician is not how loudly he campaigns when the wind is behind him. The true test is how he behaves when the wind turns against him. Anyone can celebrate victory. It takes character to manage disappointment. It takes statesmanship to congratulate a rival. It takes patriotism to remain loyal to the house even when the room assigned to you is not the one you desired.

We must also be honest with ourselves. Endorsements are not strange to politics. Preferences are not crimes. Leaders, elders, and stakeholders will naturally have opinions about those they believe can consolidate achievements, protect party interests, and advance the public good. But preference must never become provocation. Influence must never become intimidation. Persuasion must never become exclusion. The credibility of our process is the foundation of our legitimacy.

Party leaders must therefore act with fairness. Aspirants must be treated with dignity. Delegates must be allowed to act without fear. Processes must be transparent enough to command respect, even from those who lose. Where there are grievances, they must be addressed with patience and justice. Where there are rumours, they must be answered with clarity. Where there are wounds, they must be healed before they become infections.

But aspirants and their supporters also owe the party a duty of restraint. No ambition is worth the destruction of the platform that nurtured it. No grievance is worth the collapse of the house we all helped to build. No ticket is worth turning comrades into enemies. No loss is final enough to justify permanent bitterness.

Politics is a long road. Those who understand this do not burn their vehicles because of one rough turn. They do not abandon the journey because one gate did not open. Our history is filled with men and women who lost today and won tomorrow, who were overlooked in one season and became indispensable in another, who endured the pain of temporary defeat and later found the door of destiny opened wider than they imagined.

That is the beauty of patience. That is the wisdom of loyalty. That is the reward of staying useful.

We must also remember that the people are watching us. Nigerians are not merely listening to our speeches; they are studying our temperament. They are watching how we manage disagreement. They are watching whether we place service above ego. They are watching whether we can subordinate personal ambition to collective survival. A leader who cannot manage disappointment cannot be trusted to manage power. A politician who destroys his party because he lost a ticket may destroy a state because he lost an argument.

Our great party must not become a victim of its own strength. We are a large family, and large families must learn the art of accommodation. We are a party of many tendencies, many histories, many interests, and many sacrifices. That diversity is not a curse. It is our capital. But it must be managed with humility, fairness, and discipline.

We must not allow outsiders to narrate us into conflict. We must not allow headlines to dictate our emotions. We must not allow commentators, who will not stand with us in the rain, to push us into quarrels that will weaken us in the sun. The media has its place, and public scrutiny is part of democracy. But we must have the wisdom to separate honest analysis from engineered mischief.

At this moment, what our party needs is not noise but steadiness. Not suspicion but conversation. Not bitterness but maturity. Not factional triumphalism but collective responsibility. Every leader must lower the temperature. Every aspirant must discipline his camp. Every supporter must remember that today’s opponent in a primary may be tomorrow’s ally in a general election.

We have a larger duty to our nation. Politics is not an end in itself. It is a vehicle for service. It is the means through which we deliver security, education, jobs, infrastructure, prosperity, justice, and dignity to our people. If we reduce politics to personal entitlement, we betray the people whose mandate we seek. If we turn primaries into wars of ego, we abandon the very citizens who expect governance from us.

His Excellency, President Bola Ahmed Tinubu, GCFR, has shown, through a long political journey, that democracy thrives on accommodation, persuasion, resilience, and coalition-building. That example must guide us. The strength of a party is not in the absence of disagreements, but in its capacity to resolve them without losing its soul.

So, I appeal to our leaders: let us be fair. I appeal to our aspirants: let us be patient. I appeal to our supporters: let us be disciplined. I appeal to our party faithful: let us be united. The roof over this house shelters all of us. If we pull it down in anger, nobody will be spared by the storm.

Contest, but do not destroy. Disagree, but do not defame. Aspire, but do not divide. Lose, if it happens, with dignity. Win, if it happens, with humility. And after the primaries, let us close ranks, because the real battle will not be among ourselves. The real task will be to go before Nigerians with one voice, one purpose, and one renewed covenant of service.

Each of us is a raindrop. Alone, we may appear small. Together, we can become the flood that carries our party to victory and our country towards greater hope.

Let us therefore protect the house. Let us preserve the family. Let us choose moderation over mischief, unity over suspicion, and service over ego.

We will all have our season, but only if the house still stands.

By Senator Kashim Shettima, GCON.
Vice President, Federal Republic of Nigeria.

2027: Don’t Pull Down the Roof

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Outrage in Kogi as ‘Unarmed’ Student Killed by School Guards, Raising Fresh Questions on Extrajudicial Violence

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Outrage in Kogi as ‘Unarmed’ Student Killed by School Guards, Raising Fresh Questions on Extrajudicial Violence

By: Michael Mike

The killing of a final-year student, Andrew Amehson Aziko, allegedly by security guards at Nana College of Health in Okpo, Olamaboro Local Government Area of Kogi State, is drawing mounting scrutiny, with legal experts and rights advocates warning that the circumstances point to a possible extrajudicial execution and a broader failure of accountability.

The incident, captured in widely circulated video footage, has triggered calls for an independent investigation by the National Human Rights Commission (NHRC), amid growing concern over what residents describe as a troubling pattern of unlawful killings by local security actors in the area.

In the footage, the victim—reportedly unarmed and visibly distressed—is seen being beaten repeatedly with batons before he is shot at close range. He is heard pleading in Igala, asking the guards to “touch his hand,” while calling some of them by name, suggesting they were familiar with him. Community sources say Andrew had been undergoing treatment for mental health challenges and had wandered into the school premises after leaving a rehabilitation facility.

Under Nigerian law, the right to life is protected by Section 33 of the Constitution of the Federal Republic of Nigeria 1999, which permits the use of lethal force only in strictly defined circumstances, such as self-defence or the prevention of escape from lawful detention. Legal analysts say the conditions visible in the footage do not appear to meet that threshold.

“Even where there is suspicion of wrongdoing, force must be necessary and proportionate,” Abuja-based human rights lawyer Sadiq Bello said. “From what is publicly available, this raises serious questions of unlawful killing.”

Although the individuals involved are reportedly private security guards, rather than police officers, legal responsibility may still arise under the Criminal Code Act, which criminalises homicide, assault and excessive use of force. Experts note that private guards are not empowered to administer punishment and are expected, at most, to restrain suspects and hand them over to law enforcement authorities.

The case has also amplified concerns about the regulation and oversight of private security personnel operating in schools and other institutions, particularly in rural communities where formal law enforcement presence may be limited.

Rights advocates are now urging the National Human Rights Commission to step in, arguing that an independent, federal-level probe is necessary to ensure credibility and public trust. Under its statutory mandate, the Commission can investigate human rights violations, summon witnesses, conduct public inquiries and recommend prosecution or compensation.

A senior official familiar with NHRC processes said the Commission’s intervention could help ensure that evidence is preserved and that accountability mechanisms are not compromised at the local level. “This is precisely the kind of case that demands independent oversight,” the official said.

The killing is the second reported incident of its kind in Olamaboro within two months. In the earlier case, a young man reportedly died after being beaten by members of a vigilante group following a domestic dispute. That incident sparked protests and led to the arrest of several youths after clashes with security personnel, with some detainees said to remain in custody.

Residents say the recurrence of such incidents is deepening fear and eroding confidence in local security structures. “There is a pattern emerging—people taking the law into their own hands and facing no consequences,” a community member said.

Beyond the immediate act, questions are also being raised about the apparent absence of standard policing procedure in the handling of the situation. Established protocols require that suspects be apprehended using minimal force, that injured individuals receive immediate medical attention, and that incidents involving violence be promptly reported to the police, with scenes preserved for forensic investigation. None of these steps appear evident from available accounts.

The victim’s mental health condition has further intensified concern, with advocates stressing that individuals in distress require de-escalation and medical support, not force. “This reflects both a legal and humanitarian failure,” a Lokoja-based mental health advocate said. “A vulnerable person was treated as a threat rather than someone in need of help.”

Amid reports of planned protests, the Chairman of Olamaboro Local Government Area, Hon. Williams Ameh, has called for restraint, urging residents not to take the law into their own hands and to allow due process to run its course. However, skepticism remains high among residents who point to previous incidents where, they say, justice was neither transparent nor swift.

As of press time, the Kogi State Police Command had yet to issue an official statement or confirm whether any arrests had been made, a silence that has only intensified public concern.

Stakeholders are now calling for immediate steps, including the suspension of the implicated guards, the securing of the crime scene, and a transparent investigation involving independent oversight. For many in Okpo, the case has become more than an isolated tragedy—it is a test of whether the rule of law can still prevail.

“If this goes unpunished,” one resident said, “it tells everyone that a life can be taken without consequence.”

Outrage in Kogi as ‘Unarmed’ Student Killed by School Guards, Raising Fresh Questions on Extrajudicial Violence

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