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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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Politics

Accord Party Crisis Deepens As Another Governorship Candidate Emerges For Osun Polls

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A faction of Accord Party has held its own governorship primary, where Mr. Clement Bamigbola emerged as the faction’s governorship candidate for the 2026 Osun State election.

This is coming just four days after the emergence of Governor Ademola Adeleke as the party’s flag-bearer.

Recall that the party under the leadership of Maxwell Mgbudem, on Wednesday, held a similar exercise which produced Governor Ademola Adeleke as the party’s candidate.

However, a faction of the party rejected his emergence, insisting that Barrister Maxwell Mgbudem is not the legally recognized national chairman of the Accord Party.

In a fresh development on Sunday, about 300 delegates of the Accord Party from across Osun State elected Bamigbola as the factional candidate during a primary held at Regina Suite, Osogbo.

Bamigbola emerged through a voice vote conducted by the delegates, after which the Chairman of the Primary Committee, Hon. Olufemi Ogundare, declared him the party’s candidate for the 2026 Osun State governorship election.

 

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Tinubu, ECOWAS leaders meet in Abuja over Benin coup, regional stability

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President Bola Tinubu and leaders of ECOWAS countries are currently meeting in Abuja.

The 68th Ordinary Session of the ECOWAS Authority of Heads of State and Government is taking place at the State House Conference Centre, in Abuja.

Leaders of West African countries at the meeting include President Julius Bio (Sierra Leone, ECOWAS Chair), President Patrice Talon (Benin), José Maria Neves (Cabo Verde) and Alassane Ouattara (Côte d’Ivoire).

Others are Adama Barrow (The Gambia), John Mahama (Ghana), Umaro Embaló (Guinea-Bissau), Joseph Boakai (Liberia), Bassirou Faye (Senegal) and Faure Gnassingbé (Togo).

The meeting is coming against the backdrop of five turbulent years for West Africa, which saw coups in Mali (2020, 2021), Burkina Faso (twice in 2022), and Niger (2023).

The latest incidents include an attempted coup in Benin on December 7, 2025, and renewed instability in Guinea-Bissau.

At the time of filing this report, details of the meeting are yet to be disclosed.

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Breaking: Diri Orders Autopsy on Bayelsa Deputy Governor’s Death, Warns Against Politicisation

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Bayelsa State Governor, Senator Douye Diri, has ordered an autopsy to determine the cause of death of the state’s Deputy Governor, Lawrence Ewhrudjakpo.

Governor Diri gave the directive on Saturday while receiving former President Goodluck Jonathan at the Government House in Yenagoa.

Ewhrudjakpo reportedly collapsed in his office on Thursday and was rushed to the Federal Medical Centre (FMC), Yenagoa, where he was pronounced dead on arrival.

Reacting to the incident, the governor condemned what he described as widespread misinformation and speculation on social media, warning against any attempt to politicise the deputy governor’s death.

“I want to make an appeal. I have seen people politicise his death. In Ijaw land, there is no enmity in death. Let nobody politicise the passing of our dearly beloved deputy governor,” Diri said.

“If anyone truly loves him, this is the time to show it. I have directed that an autopsy be carried out to reveal the cause of his death. There is a lot of nonsense going on on social media.”

The governor further urged the public to focus on mourning and honouring the late deputy governor, noting that the state government had declared three working days of mourning in his honour.

“If anyone is issuing statements to eulogise him, let it end there. Let us mourn him because Bayelsa State is in a mourning mood,” he added.

Governor Diri also called for unity and love among the people, reminding them of the inevitability of death.

Speaking during the condolence visit, former President Goodluck Jonathan described the late Ewhrudjakpo as a committed and dedicated individual who played a key role in the activities of his foundation.

“For me, he was someone my foundation and I will never forget. He represented the governor in all our programs,” Jonathan said, adding that Ewhrudjakpo worked tirelessly in that role, even more than when he served as deputy governor.

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