Abbas makes u-turn on comment condemning borrowing, demands transparency - Newstrends
Connect with us

News

Abbas makes u-turn on comment condemning borrowing, demands transparency

Published

on

Speaker of the House of Representatives, Abbas Tajudeen

Abbas makes u-turn on comment condemning borrowing, demands transparency

The Speaker of the House of Representatives, Tajudeen Abbas has called for transparency and accountability in public borrowing, with effective oversight by the federal legislature.

This, according to him, would ensure that loans translate into real development in the areas or roads, schools, hospitals and other critical infrastructure.

The Speaker’s position on public borrowing was clarified on Monday night by his Special Adviser on New Media, Jowosimi Enitan.

The clarification became necessary following an earlier report quoting the Speaker to have condemned the rising borrowing by the federal government.

The said report had quoted the House Committee Chairman on Public Accounts, Rep Bamidele Salam who represented the Speaker at an official event earlier in the day.

Salam, who stood in for the Speaker at the conference of West Africa Association of Public Accounts Committees, had expressed concerns that Nigeria’s debt had reached “a critical point” and called for urgent reforms in borrowing practices and oversight.

“As of the first quarter of 2025, Nigeria’s total public debt stood at N149.39tn, equivalent to about $97bn.

“Even more concerning is the debt-to-GDP ratio, which now stands at roughly 52 percent, well above the statutory ceiling of 40 percent set by our own laws.

READ ALSO:

“This is not just a budgetary concern but a structural crisis that demands urgent parliamentary attention and coordinated reform,” the representative of the Speaker was quoted as saying.

In a swift rebuttal, however, by the Speaker’s aide, he said there was misrepresentation of the statements attributed to Abbas in the said report.

“Let it be known: oversight of public debt is a constitutional duty and a moral responsibility of parliament. This is about safeguarding Nigeria’s financial future, not playing to the gallery of mischief-makers,” the aide said.

Enitan further clarified that the Speaker never called for a blanket condemnation of borrowing, but that he supports responsible public debt when properly overseen.

“For the record, Speaker Abbas Tajudeen, never condemned borrowing.

“On the contrary, at the 11th Annual Conference and General Assembly of the West Africa Association of Public Accounts Committees, where Speaker Abbas was duly represented by a PDP chieftain, MHR Bamidele Salam, made it clear that public debt, if managed prudently, can be a tool for growth and prosperity.

“The legislature’s role is to ensure that every Naira borrowed delivers tangible value to Nigerians.

“President Bola Tinubu, is already working assiduously to reduce reliance on borrowing through a robust non-oil revenue drive – proof of responsible fiscal management.

“For the first time in decades, Nigeria has met its 2025 revenue target ahead of schedule, without reliance on borrowing. This is proof that with discipline, focus, and courage, we can reduce dependence on external loans and secure our economic sovereignty.”

Abbas makes u-turn on comment condemning borrowing, demands transparency

News

Plateau Palm Sunday Massacre: US Lawmaker Warns Nigeria

Published

on

United States lawmaker, Riley Moore
United States lawmaker, Riley Moore

Plateau Palm Sunday Massacre: US Lawmaker Warns Nigeria

The United States lawmaker, Riley Moore, has issued a strong warning to Nigerian authorities following a deadly Palm Sunday attack in Jos, Plateau State, describing it as part of a disturbing pattern of attacks on Christians during religious observances. Moore, reacting via his X handle, stated that at least 10 Christians were killed in Jos, adding: “Radical Islamic terrorists opened fire on the Christians before hacking them to pieces with machetes. This is sickening and unacceptable, but it’s not surprising.”

He warned that such incidents are increasingly recurrent. “This tragedy follows a pattern of radical Islamic terrorists massacring Christians on Holy Days. In fact, terrorists have attacked Christians in Nigeria on every single holy day in recent memory,” he said. The lawmaker urged the Nigerian government to take immediate and decisive action, saying, “Abuja knows this pattern and they must massively ramp up security for the Triduum and Easter. If they don’t take this threat seriously and mobilise to defend our brothers and sisters in Christ, blood of these martyrs will be on their hands, and there will be significant consequences for Nigeria’s relationship with the United States.”

READ ALSO:

The violence took place on March 29, 2026, in Gari Ya Waye, Angwan Rukuba, Jos North Local Government Area, when suspected gunmen on motorcycles opened fire on residents. Eyewitnesses described chaos and panic, with families fleeing as the assailants moved through crowded streets, targeting civilians, traders, and passersby. State authorities confirmed that 27 people were killed and many others injured in the attack. Following the tragedy, Plateau State Governor Caleb Mutfwang imposed a 48-hour curfew in affected areas and directed security agencies to intensify efforts to apprehend the perpetrators.

The attack prompted widespread outrage, with residents defying the curfew to protest and demand improved security. Civic groups and community leaders condemned the killings, calling for urgent action to protect civilians. The Christian Association of Nigeria (CAN) decried the attacks, demanding accountability and highlighting the repeated targeting of Christian communities during religious holidays.

Moore’s warning underscores the international attention on security challenges in Nigeria’s Middle Belt, where violence from armed groups and communal conflicts remains a persistent threat. Analysts say attacks like the Palm Sunday killings risk eroding confidence in Nigeria’s ability to protect its citizens and could strain diplomatic relations with key allies such as the United States.

Plateau Palm Sunday Massacre: US Lawmaker Warns Nigeria

Continue Reading

News

UK, US, France Among 10 Nations Granting Agrément to Nigerian Ambassadors

Published

on

Spokesperson of the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa
Spokesperson of the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa

UK, US, France Among 10 Nations Granting Agrément to Nigerian Ambassadors

The Federal Ministry of Foreign Affairs has announced that it has secured agrément (formal approval) from 10 countries for Nigeria’s newly appointed ambassadors‑designate, marking a significant step in the country’s diplomatic engagements. The ministry confirmed the development in a statement released by its spokesperson, Kimibie Ebienfa, noting that approvals from additional nations are still being awaited.

The 10 countries that have granted consent so far include the United Kingdom, France, United States of America, Ireland, Qatar, Republic of Benin, Ethiopia, Djibouti, Senegal, and Sierra Leone. According to the ministry, these approvals clear the way for the ambassadors‑designate to begin official duties once they are inducted.

Ebienfa said that details of the formal induction ceremony would be announced once final confirmations are received from the presidency. She explained that the process of receiving agrément is ongoing, and the Ministry is actively following up with other host countries.

READ ALSO:

We have received agreements from the United Kingdom, France, United States of America, Ireland, Qatar, Benin Republic, Ethiopia/Djibouti, Senegal, Sierra Leone, among others,” the statement read.

Receiving agrément is a critical step in international diplomacy, ensuring that host countries formally accept ambassadorial nominees before they present their credentials. It signifies official recognition and allows envoys to begin their diplomatic duties.

This announcement comes after President Bola Ahmed Tinubu approved the posting of 65 ambassadors‑designate and high commissioners to key global missions, reinforcing Nigeria’s commitment to strengthening bilateral relations, trade partnerships, and citizen services abroad. Some high-profile postings among the approved nations include the United Kingdom, United States, and France, which are strategic for Nigeria’s diplomatic and economic interests.

With the approvals in place, the Ministry of Foreign Affairs is now preparing to induct the ambassadors-designate, ensuring that Nigeria’s missions abroad are fully staffed and able to advance foreign policy priorities, support Nigerian citizens, and bolster international cooperation.

UK, US, France Among 10 Nations Granting Agrément to Nigerian Ambassadors

Continue Reading

News

Fani-Kayode fires back, denies Germany snub over ambassadorial posting

Published

on

Former Aviation Minister Femi Fani‑Kayode

Fani-Kayode fires back, denies Germany snub over ambassadorial posting

 

Former Minister of Aviation, Femi Fani-Kayode, has strongly refuted reports alleging that his ambassadorial nomination was turned down by the German government, describing the claims as false and politically motivated.

An online publication, Peoples Gazette, had earlier reported that German authorities declined his posting over concerns tied to alleged ethnic and religious remarks, as well as what it described as a “controversial track record.”

The report claimed the decision was taken on March 13, 2026, citing unnamed officials who reportedly raised issues about his “erratic behaviour” and past comments deemed divisive and potentially destabilising. It further suggested that the former minister could be reassigned to another country, possibly South Africa.

Bola Tinubu had previously approved Fani-Kayode’s nomination as an ambassador-designate to a Central European nation, as part of broader diplomatic postings.

Reacting swiftly via his official X (formerly Twitter) account, Fani-Kayode dismissed the claims as “fake news,” insisting that no such rejection had occurred. He accused unnamed opposition figures of orchestrating a smear campaign aimed at derailing his appointment.

According to him, critics unsettled by his nomination are actively pushing narratives to discredit him and frustrate the process.

“Fake news everywhere. These opposition elements are so pained by my appointment, and they are doing everything to discredit me and scuttle it,” he wrote, adding, “Whether they like it or not, I will serve my country.”

The development adds a fresh layer of controversy to Nigeria’s ongoing ambassadorial appointments, with official clarification from the Federal Government or German authorities yet to be issued.

Continue Reading
HostArmada Affordable Cloud SSD Shared Hosting
HostArmada - Affordable Cloud SSD Web Hosting

Trending