Nigeria debts will rise to N38.68tn in 2021 -Minister - Newstrends
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Nigeria debts will rise to N38.68tn in 2021 -Minister

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Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the total public debts of Nigeria would hit N38tn by December 2021.

The Minister stated this on Tuesday, in her presentation to the Senate Committee on Local and Foreign Debts.

The Minister said, ” The total public debt stock comprising the External and Homes debts of the Federal and state governments and the Federal Capital Territory stood at N31.01trn (USD85.90 billion) as at June 30, 2020.

“It is projected, based on existing approval, to rise to N32.51 trillion by December 31, 2020 and N38.68 trillion by December 31,2021.”

She attributed reasons for numerous abandoned road projects across the country to poor funds releases occasioned by dwindling revenue.

She explained that the current Sukuk fund is N162bn for 45 roads cutting across the six geopolitical zones.

She said, “I am one person that feels that we should just take one major road in one geopolitical zone and finish it.

“We were not able to do that because of the processes in which appropriation is made both at the executive as well as the legislative arms of government.

“But truly, if we are able to just take one or two projects at a time and complete it before going to the next one, it will be better.

” What the contractor does is the bit that has been cut out for him to do in that particular area.

“Once the fund is released and it is finished, we stop again. That’s the consequence of these numerous projects that we put in the budget.

“It is not related to Sukuk-funded projects alone, it cuts across all the projects.

“You will see a road that costs, may be, N5 bn, and you will see a provision for N100m, N200m or 300m.

“Of course the project will never finish. After two years, the contractor comes back and asks for variation, and the amount keeps growing.

” I wish that we get to a point when we sit down as government and agree that let us select a few projects, finish them in 2020, and then in 2021, we select the next so that on a geopolitical basis, those selections are done as a collective process.”
– The Punch

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US Lawmakers Raise Fresh Alarm Over Alleged Christian Genocide in Nigeria

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US lawmaker Riley Moore
US lawmaker Riley Moore

US Lawmakers Raise Fresh Alarm Over Alleged Christian Genocide in Nigeria

Several United States lawmakers have raised fresh alarm over alleged Christian persecution and genocide in Nigeria, urging diplomatic intervention, policy action, and international attention to the country’s ongoing security crisis.

Republican Representative Riley Moore highlighted violence by armed groups, including Boko Haram and Fulani militias, which have displaced hundreds of thousands of Christians, particularly in Benue State. Moore described the attacks as “genocidal” and has called for stronger U.S. engagement to protect vulnerable communities.

In Congress, lawmakers have introduced resolutions condemning violence against Christians in Nigeria, with some pushing to designate the country as a “Country of Particular Concern (CPC)”, a U.S. foreign policy measure that could trigger sanctions and diplomatic pressure. Supporters argue the move is necessary to compel Nigeria to strengthen security, while critics caution that such a designation could strain U.S.–Nigeria relations.

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The Federal Government of Nigeria has dismissed the genocide narrative as propaganda and misinformation, noting that Nigeria’s security challenges affect both Christian and Muslim communities. Abuja has also hired U.S.-based lobbyists to communicate its security efforts and clarify that the violence is linked to terrorism and communal conflict, not targeted religious extermination.

Religious and civil society voices remain divided. Some emphasise the real threat to Christian communities, while others warn that framing the situation as genocide oversimplifies Nigeria’s multifaceted security challenges, which include terrorism, banditry, and communal violence.

As debate intensifies, the controversy continues to influence international perceptions, diplomatic relations, and discussions on religious freedom and security policy in Nigeria.

US Lawmakers Raise Fresh Alarm Over Alleged Christian Genocide in Nigeria

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Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations

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Former President Olusegun Obasanjo and General Ibrahim Badamasi Babangida
General Ibrahim Badamasi Babangida and Former President Olusegun Obasanjo

Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations

Former President Olusegun Obasanjo met privately with ex-military ruler General Ibrahim Badamasi Babangida at Babangida’s residence in Minna, Niger State, in a closed-door meeting that has sparked widespread speculation about potential political alignments ahead of the 2027 general elections.

The meeting, which lasted about 30 minutes, drew attention as both leaders emerged as key elder statesmen whose counsel and influence are often sought by Nigeria’s political elite. Neither Obasanjo nor Babangida spoke to journalists after the session, and no official statement was released, fueling discussions about behind-the-scenes strategic planning and coalition-building for 2027.

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Political analysts note that such high-profile consultations are common ahead of major elections, as party leaders, former presidents, and influential figures explore alliances, policy priorities, and national governance strategies. Observers also link this meeting to recent PDP and APC elder consultations, signaling continued efforts by senior politicians to shape the electoral landscape.

The rendezvous underscores Obasanjo’s continuing role as a political kingmaker, leveraging his network and experience to influence party strategies, candidate selection, and national discourse. With the 2027 elections approaching, similar closed-door meetings among Nigeria’s top political figures are expected to intensify in the coming months.

Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations

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Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing

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Vice‑President Kashim Shettima

Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing

There has been widespread anger in Borno State after the All Progressives Congress (APC) omitted Vice‑President Kashim Shettima from the official banner at the party’s North‑East zonal public hearing on constitutional amendments in Maiduguri. The banner, which featured President Bola Ahmed Tinubu, the five APC governors from the region, and the party’s National Legal Adviser, conspicuously left out Shettima, a native of Borno State.

The omission prompted immediate backlash from party leaders, including Abdulkarim Lawan, Speaker of the Borno State House of Assembly, who described it as “provocative and unfair,” stressing that it was inappropriate to sideline a senior party official in his home state. The speaker recalled a similar controversy at an APC event in Gombe State last year, highlighting persistent sensitivities within the party’s North‑East faction.

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Attendees of the Maiduguri hearing, convened to discuss proposed constitutional amendments, expressed support for Lawan’s remarks, with loud applause and calls for the Vice‑President’s recognition. In response, the APC Deputy National Chairman dismissed the exclusion as an oversight by organisers, insisting there was no intention to diminish Shettima’s status and affirming that the hearing’s focus remained on party reforms rather than politics.

The incident comes amid speculation about internal APC dynamics ahead of the 2027 general elections, including questions around representation and leadership within the North‑East. Analysts note that repeated omissions of Shettima at high-profile events could fuel perceptions of internal rifts and affect party cohesion in the region.

Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing

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