Atiku accuses Tinubu of making Buhari’s borrowing mistakes - Newstrends
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Atiku accuses Tinubu of making Buhari’s borrowing mistakes

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2027: Sanwo-Olu's Aide Accuses Atiku of Using Subsidy to Turn Nigerians Against Tinubu
President Bola Ahmed Tinubu and Alhaji Atiku Abubakar

Atiku accuses Tinubu of making Buhari’s borrowing mistakes

Atiku Abubakar, the Peoples Democratic Party’s 2023 presidential candidate, has criticised President Bola Tinubu’s 2025 budget proposal, accusing him of repeating his predecessor Muhammadu Buhari’s borrowing mistakes. 

Atiku, who scrutinised the budget, claimed that it lacked the fundamental reforms and budgetary discipline required to confront Nigeria’s complex economic problems.

In a statement released on Sunday, Atiku questioned the budget’s ability to promote long-term economic growth or address the country’s long-standing issues.

On Wednesday, President Bola Tinubu delivered an N47.9 trillion budget proposal to a joint session of the National Assembly.

The proposed budget sets aside N4.91 trillion for military and security, N4.06 trillion for infrastructure, N2.48 trillion for health, and N3.52 trillion for education.

AtikuE criticised the budget proposal, saying it reflected a continuation of “business-as-usual” fiscal practices, which he claimed had persisted under the All Progressives Congress-led administration since 2016.

He contended that these tactics had resulted in chronic budget deficits and an increased reliance on foreign borrowing.

“To bridge this fiscal gap, the administration plans to secure over N13tn in new borrowings, including N9tn in direct loans and N4tn in project-specific financing.

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“This borrowing strategy mirrors the approach of previous administrations, leading to escalating public debt and compounding risks related to interest payments and foreign exchange exposure,” Atiku added.

The former Vice President emphasised the budget’s reliance on deficit financing, noting that it estimates N48 trillion in expenditures against a revenue prediction of N35 trillion, resulting in a deficit of more than N13 trillion—equivalent to 4% of the country’s GDP.

Atiku attacked the 2024 budget’s underperformance, which he attributed to weak execution capabilities.

“By the third quarter of 2024, less than 35% of the capital expenditure allocated to ministries, departments, and agencies had been disbursed, despite claims of 85% budget implementation. This raises concerns about the effective execution of the 2025 budget.

“The 2025 budget lacks the structural reforms and fiscal discipline required to address Nigeria’s multifaceted economic challenges.

“To enhance its credibility, the administration must prioritise reducing inefficiencies in government operations, tackling contract inflation, and focusing on long-term fiscal sustainability rather than perpetuating unsustainable borrowing and recurrent spending patterns.”

He also voiced concern about the allocation of N15.8 trillion (33% of total expenditure) to debt servicing, noting that it is roughly equivalent to the anticipated capital investment of N16 trillion (34%).

“This imbalance undermines fiscal stability, crowds out essential investments, and perpetuates a cycle of increasing borrowing.

“The government’s recurrent expenditure, which accounts for over N14tn (30% of the budget), remains disproportionately high, according to Atiku.

“This reflects the continued operation of an oversized bureaucracy and inefficient public enterprises, leaving limited resources for development projects,” Atiku said.

He further mentioned the inadequacy of capital spending, stating, “After accounting for debt servicing and recurrent expenditure, the remaining funds for capital spending—representing 25% to 34% of the total budget—are insufficient to address Nigeria’s infrastructure deficit or stimulate growth.

“This equates to an average capital allocation of N80,000 (approximately $45) per capita, which is inadequate for a country grappling with slow economic growth and infrastructural underdevelopment.”

He condemned the administration’s decision to increase the VAT rate from 7.5% to 10%, calling it a regressive measure that would exacerbate the cost-of-living crisis and impede economic growth.

“By imposing additional tax burdens on an already struggling populace, without addressing inefficiencies in governance, the government risks stifling domestic consumption and deepening economic hardship,” Atiku said.

Atiku advocated for a transition towards disciplined and growth-orientated fiscal policies, highlighting the need to reduce waste, improve the efficiency of public spending, and prioritise investments in important industries.

He finished by pushing the administration to reconsider its borrowing policy and implement changes that would ensure long-term fiscal sustainability and economic growth.

Atiku accuses Tinubu of making Buhari’s borrowing mistakes

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Bandits Demand Over ₦100m Ransom for 15 Abducted Islamiya Students in Niger

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Bandits Demand Over ₦100m Ransom for 15 Abducted Islamiya Students in Niger

 

Suspected bandits who abducted 15 students of an Islamiya school in Niger State have reportedly demanded more than ₦100 million for their release, heightening fears over the safety of the children and prompting fresh calls for urgent government intervention.

 

The victims were reportedly kidnapped while assisting their teacher, Malam Aminu Bako, in harvesting maize on his farm in Tungan-Bako village, Rafi Local Government Area of Niger State, during the weekend.

 

The teacher disclosed that the armed men had contacted community leaders to communicate their ransom demand, leaving parents and residents increasingly worried about the fate of the abducted children.

 

According to reports, the kidnappers initially believed the victims were students of government-owned schools. However, a parent, identified as Malam Adamu, said community representatives informed the abductors that the children attended an Islamiya school.

 

Adamu explained that the bandits had demanded more than ₦100 million before being informed about the actual identity of the school.

 

The teacher, who confirmed the ransom demand, also appealed to the Federal Government and Niger State Government to urgently intervene and ensure the safe return of the students.

 

Bako expressed concern that the children might be facing harsh conditions in captivity, revealing that information gathered through local vigilantes suggested they were still being held somewhere within Niger State.

 

According to him, the students were reportedly locked inside an isolated building guarded by heavily armed men.

 

“We heard that they were still within Niger State, locked in a building, probably without food. We are worried; we want the authorities to come to our aid to rescue them,” he said.

 

The teacher maintained that the situation required urgent intervention by the military and other security agencies, warning that community vigilantes might not have the capacity to confront the heavily armed kidnappers.

 

He also expressed dissatisfaction with what he described as the limited government presence since the incident, saying the affected families and school management had largely been left to depend on local vigilantes for information and assistance.

 

Bako disclosed that the acting chairman of Rafi Local Government Area and the Divisional Police Officer were the only government officials who had visited the community following the abduction.

 

He said the absence of further engagement from the state government had increased anxiety among parents, who had continued to approach him for updates on their children’s whereabouts and safety.

 

“We are also worried that nobody has visited us from the state government, at least to give us hope that something is being done to ensure their release,” he added.

 

The teacher consequently appealed to the authorities to demonstrate greater commitment towards securing the students’ freedom, stressing that the community needed more than assurances.

 

Meanwhile, the Niger State Police Command has confirmed the abduction, although its preliminary account differed slightly from the number of victims identified by the teacher.

 

The Police Public Relations Officer, SP Wasiu Abiodun, said suspected bandits invaded Tungan-Bako village and abducted some people working on a farm.

 

According to him, preliminary police information indicated that about 14 of the victims were Islamiya school students who had accompanied their instructor to harvest maize.

 

Abiodun, however, assured that joint security operations were ongoing to rescue the abducted persons.

 

The police assurance came amid concerns from residents, who maintained that local vigilantes were the only security personnel visibly involved in efforts to trace the abductors.

 

The Commissioner for Homeland Security in Niger State, Justin Maurice Magaji, was reportedly unavailable for comments when contacted, as he was attending a State Executive Council meeting.

 

The teacher subsequently released the names of the 15 students reportedly taken away by the bandits.

 

They are Hassana Isah, Aliya Ahmad, Hajara Musa, Hauwa’u Abubakar, Halima Yahaya, Asma’u Jamilu, Radiya Salisu, Aminatu Salisu, Aisha Bello, Rahinatu Sani, Aminatu Alhassan, Nafisa Ayuba, Bilkisu Adamu, Salaha Abdullahi and Hajara Salisu.

 

The reported discrepancy between the 15 names released by the teacher and the 14 Islamiya students mentioned in the police account has also raised questions about the exact number of victims.

 

The latest development has renewed concerns over the persistent activities of armed bandits in parts of Niger State, particularly attacks targeting rural communities and vulnerable residents.

 

For the families of the abducted students, however, the immediate priority remains the safe return of their children.

 

They are calling on the Federal Government, Niger State Government and security agencies to intensify rescue operations and ensure that the children are reunited with their families without further delay.

 

Bandits Demand Over ₦100m Ransom for 15 Abducted Islamiya Students in Niger

 

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FG’s N50,000 Relief: OPay Details Eligibility Check Process, Issues Strong Warning Against Scams

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BREAKING: OPay Warns Customers Against Viral Shutdown Message, Threatens Legal Action

FG’s N50,000 Relief: OPay Details Eligibility Check Process, Issues Strong Warning Against Scams

 

Lagos, Nigeria — Following the Federal Government’s introduction of the N50,000 relief package, leading financial technology platform, OPay, has released comprehensive guidelines on how customers can verify their eligibility for the funds. The company has simultaneously issued a stern warning to users regarding the rise of fraudulent schemes targeting beneficiaries.

 

In a statement released on Tuesday, November 3, 2026, and reported by Punch, OPay clarified the procedural steps for Nigerians to determine if they qualify for the government’s financial intervention. The move comes as millions of citizens seek clarity on accessing the relief aimed at cushioning economic hardship.

 

How to Check Eligibility

 

According to OPay, the verification process is designed to be seamless and accessible directly through the OPay mobile application. Customers are advised to log into their updated OPay app to access the dedicated section for the Federal Government’s relief program.

 

The fintech giant explained that users will be required to provide specific details to verify their status. Once logged in, customers can navigate to the designated “Government Relief” or notification tab where the eligibility checker is situated. The system cross-references the user’s verified identity (such as their Bank Verification Number, BVN, and National Identification Number, NIN) with government databases to confirm qualification.

 

Strict Warning Against Fraudsters

 

In a critical advisory, OPay warned customers to remain vigilant against scammers who are leveraging the news of the N50,000 relief to defraud unsuspecting citizens. The company emphasized that it will never ask customers to pay a fee or provide sensitive information over the phone to claim the relief.

 

“OPay urges all Nigerians to be cautious. The N50,000 relief is a government initiative, and no fee is required to check eligibility or receive funds,” a representative stated. “We will never ask for your OPay PIN, passwords, or OTPs via phone calls, text messages, or social media. Beware of fake links claiming to be from OPay or the government.”

 

Security Tips for Users

 

To ensure safety, OPay advised users to follow these guidelines:

 

· Use Only the App: Only check your eligibility through the official OPay mobile application.

· Protect Your Data: Never share your ATM card details, OPay PIN, or One-Time Passwords (OTPs) with anyone.

· Ignore Suspicious Links: Do not click on links received via SMS or WhatsApp claiming to offer the N50,000 relief.

· Verify Information: Always confirm information through OPay’s official customer service channels or verified social media pages.

 

The company reaffirmed its commitment to the financial security of its customers and stated that it is working closely with relevant government agencies to ensure a smooth and transparent disbursement process for eligible beneficiaries.

 

For those who may face difficulties checking their eligibility, OPay has encouraged customers to contact their customer care team through the in-app support feature.

 

FG’s N50,000 Relief: OPay Details Eligibility Check Process, Issues Strong Warning Against Scams

 

 

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‘I Went to My Pastor for Deliverance, Ended Up in Bed With Him’ – Lady Recounts Encounter

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‘I Went to My Pastor for Deliverance, Ended Up in Bed With Him’ – Lady Recounts Encounter

 

A Nigerian woman has sparked controversy on social media after recounting an alleged sexual encounter with her former pastor during a deliverance session.

 

The unidentified woman reportedly made the revelation during a video interview shared by social media platform NewsVista, claiming that what began as a visit to seek spiritual intervention eventually ended in a sexual encounter.

 

In the viral clip, the woman expressed confusion over how the incident happened, insisting that she still struggles to understand how a session she had expected to be devoted to prayer and deliverance turned into an intimate encounter.

 

The interview has since attracted attention online, with the allegation raising concerns about the relationship between religious leaders and members who approach them for spiritual guidance and counselling.

 

Although details surrounding the alleged incident remain unclear, the woman’s account has triggered discussions about the responsibility of religious leaders to maintain professional and ethical boundaries while attending to vulnerable members of their congregations.

 

Some social media users have criticised the alleged conduct, arguing that pastors and other religious leaders occupy positions of trust and should not exploit their spiritual authority or the vulnerability of people seeking assistance.

 

Others have called for religious organisations to strengthen accountability measures and introduce safeguards for private counselling and deliverance sessions.

 

However, the identity of the pastor, the church involved and the location where the alleged incident occurred have not been disclosed.

 

It is also unclear when the alleged encounter took place or whether the woman has made any formal complaint to the relevant authorities.

 

NewsTrends.ng cannot independently verify the circumstances surrounding the woman’s account. The allegation should therefore be treated as unverified pending further details or an official response from the person concerned.

 

The development has once again drawn attention to the need for accountability, transparency and appropriate boundaries in religious counselling, particularly where individuals place their trust in spiritual leaders for help with personal challenges.

 

‘I Went to My Pastor for Deliverance, Ended Up in Bed With Him’ – Lady Recounts Encounter

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