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Nigeria incurred N24.33trillion debt in just three months — Debt Management Office

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The Debt Management Office (DMO) has said that Nigeria’s total public debt has surged to N121.67trillion, marking an increase of N24.33trillion or 24.99 percent over a span of three months.

The DMO’s new figure of Nigeria’s public debt contrasts with a total debt of N97.34 trillion recorded as of December 2023.

According to the revelation made by the Office in a statement issued on Thursday in Abuja, the current public debt figure encompasses both domestic and external debts of the Nigerian government, the 36 state governments, and the Federal Capital Territory (FCT).

The DMO report states, “Nigeria’s total public debt stood at N121.67 trillion (USD91.46 billion) as of March 31, 2024. The comparative figure for December 31, 2023, was N97.34 trillion (USD108.23 billion). Total Domestic Debt amounted to N65.65 trillion (USD46.29 billion) while Total External Debt stood at N56.02 trillion (USD42.12 billion).”

Also, on Thursday, it was reported that the government had secured loans totaling $4.95billion from the World Bank over the past 12 months, amid concerns about rising costs associated with servicing external debt.
Meanwhile, the government anticipates the approval of fresh loans amounting to $4.4 billion from both the World Bank and the African Development Bank within the coming year.

Nah una way be citizens of dis kontry go pay for the money ????????????????

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Benue govt declares public holiday ahead of Tinubu’s visit

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The Benue State Government has declared Wednesday, June 18, 2025, a public holiday to mark the official visit of President Bola Ahmed Tinubu to the state.

Ekwutosblog reports that Tinubu had announced that he would cut short his schedule to visit Benue State over the recent attacks on the state.

In a statement signed by the Secretary to the State Government, Serumun Deborah Aber, the President is expected in the state on a one-day condolence visit to commiserate with the government and people of Benue over the recent spate of violent attacks that have led to numerous deaths.

 

The government stated that the holiday is intended to give citizens the opportunity to receive the president warmly but clarified that the directive excludes workers in essential services, including medical personnel, security agencies, and banking institutions.

“Residents across the state are encouraged to come out in large numbers to welcome the President and his delegation during what has been described as a significant and symbolic visit,” the statement added.

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Natasha: Akpabio’s aide petitions IGP over alleged hacking of account, defamation

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Former Delta State Commissioner and Special Adviser on Communications/Strategy to the President of the Senate, Mr. Kenny Okolugbo, has formally petitioned the Inspector General of Police, calling for an urgent investigation into what he described as a coordinated cyberattack and defamation campaign targeted at destroying his credibility and misleading the public.

In the petition, Okolugbo alleged that his verified social media account on X was hacked and used to publish damaging statements falsely attributed to him.

The fabricated content, he claims, was then amplified by three popular social media influencers, Tunde Ednut (@mazitundeednut), Rufai Oseni (@ruffydfire), and Adeola Fayehun (@adeolafayehun), who, according to him, embellished the post with additional falsehoods, including allegations of phone cloning, voice manipulation, and fictitious meetings in London.

“These allegations are not only untrue but impossible based on verified evidence,” he wrote.

“Most disturbing is that the fabricated post was simultaneously circulated and embellished by these influencers using identical language and coordinated timing, pointing to a syndicated disinformation campaign,” he added.

Okolugbo alleged that the campaign was orchestrated to lend undue credibility to allegations made by Senator Natasha Akpoti Uduaghan.

He emphasized that the false narratives promoted online were not contained in the original hacked post, showing that it was indeed orchestrated, suggesting deliberate malice and manipulation aimed at tarnishing his public image.

As part of his plea to the Nigeria Police Force, Okolugbo requested the following actions:

“A full-scale investigation into the hacking and impersonation of his verified social media account, citing violations under the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015;

“Identification and prosecution of individuals responsible for the forgery, defamation, and spread of malicious content;

“Preservation of all relevant digital evidence from social media platforms and third-party service providers for forensic analysis.”

He noted that the matter was of significant public interest and personal concern, urging the Police Force to act “swiftly and decisively.”

Okolugbo also disclosed that he had enclosed his travel documents showing he has not visited London or anywhere outside Nigeria as alleged this year 2025 and the last time he was in London was 5th November 2024 and had no meetings in London, printouts of the alleged defamatory and manipulated posts to support his claims and provide context for investigators.

The Nigeria Police Force is yet to issue a formal response to the petition as of the time of this report.

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Tinubu Signs Kalu’s Bills Establishing 3 Tertiary Institutions in Abia, Imo into Law

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President Bola Ahmed Tinubu has signed into law three bills sponsored by Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu, establishing Federal College of Education, Bende, Abia State; Federal University of Medical and Health Sciences, Item Bende, Abia State, and Federal University Okigwe, Imo State.

The institutions aim to provide quality education, research opportunities, and cater to the educational needs of the South East region

Kalu expressed gratitude to President Tinubu for signing the bills into law, he urged the people of the South East people to continue supporting the Tinubu-led government, promising more democracy dividends.

 

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