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13 States To Borrow Fresh N380bn In 2025 [SEE LIST]

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No fewer than 13 state governments have projected an Internally Generated Revenue of N613bn for 2025.

The states also planned to secure fresh loans totaling N380bn in the upcoming year, The PUNCH’s investigation has revealed.

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This comes despite a 40 per cent increase in the states’ statutory allocations from the Federation Account.

In the first half of 2024, about 22 states collectively borrowed N446bn, with debt servicing consuming a significant portion of their IGR.

These loans have pushed the total debt stock of Nigerian states to N11.47tn as of June 30, 2024.

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An analysis of public debt reports from the Debt Management Office (DMO) shows a 14.57 per cent increase from the N10.01tn recorded in December 2023.

The increase was primarily driven by a sharp rise in external debt, and exacerbated by the naira’s devaluation.

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External debt for the states and the Federal Capital Territory climbed from $4.61bn to $4.89bn, reflecting a 6.14 per cent increase, while domestic debt saw a significant decline of 27.12 per cent, dropping from N5.86tn to N4.27tn.

In naira terms, however, foreign debt surged by a staggering 73.46 per cent, rising from N4.15tn to N7.2tn, following the devaluation of the naira from N899.39/$1 in December 2023 to N1,470.19/$1 by June 2024.

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States and the FCT accounted for 8.54 per cent of Nigeria’s total public debt of N134.3tn as of June 2024, down from 10.29 per cent in December 2023, despite an increase in their nominal debt levels.

According to their 2025-2027 Medium-Term Expenditure Framework and Fiscal Strategy Papers, 13 states plan to borrow a combined total of N380bn to finance budget deficits in 2025.

These states include Adamawa, Kano, Anambra, Bauchi, Borno, Ebonyi, Gombe, Jigawa, Kebbi, Kaduna, Akwa Ibom, Niger, and Oyo.

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Adamawa, which did not take any loans this year, plans to borrow N31.5bn next year while projecting an IGR of N22.7bn.

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This was as Kano, which borrowed N6.4bn in the first half of 2024, projects fresh borrowings of N11bn and an IGR of N47.5bn for 2025.

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Anambra targets a financing estimate of N18.5bn, including loans sourced through fundraising activities.

Despite taking loans of N19.2bn this year, Bauchi States also plans to take fresh loans of N71bn, with an IGR target of N47.2bn.

Borno borrowed N20bn this year but plans to raise N53bn through loans next year, targeting N30bn in IGR.

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Similarly, Niger State borrowed N34bn in 2024 and projects N31bn in loans next year, with an IGR target of N74bn.

Other loan projections include N35bn for Kebbi, N11.6bn for Kaduna, N8.5bn for Akwa Ibom, N13bn for Ebonyi, N8bn for Jigawa, N76.8bn for Oyo, and N11.7bn for Gombe. Their respective IGR targets for 2025 are N25.5bn, N68bn, N62bn, N26.5bn, N65.9bn, N67bn, and N6.8bn.

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An economic expert, Paul Alaje, recently warned that debt servicing and accumulating loans could stifle economic development at the sub-national level.

He emphasised that the significant debts inherited from previous administrations have hindered growth and stressed the need for thorough scrutiny of state borrowing practices and the projects financed with these loans.

 

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Over 600 Pilgrims Hospitalised After Chlorine Gas Leaked In Iraq

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More than 600 pilgrims in Iraq were briefly hospitalised with respiratory problems after inhaling chlorine as the result of a leak at a water treatment station, authorities said on Sunday.

The incident took place overnight on the route between the two Shiite holy cities of Najaf and Karbala, located in the centre and south of Iraq, respectively.

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This year, several million Shiite Muslim pilgrims are expected to make their way to Karbala, which houses the shrines of the revered Imam Hussein and his brother Abbas.

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There, they will mark the Arbaeen — the 40-day period of mourning during which Shiites commemorate the death of Hussein, grandson of the Prophet Mohammed.

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In a brief statement, Iraq’s health ministry said, “621 cases of asphyxia have been recorded following a chlorine gas leak in Karbala”.

All have received the necessary care and left the hospital in good health,” it said.

READ ALSO:Fire Guts Nigerian Pilgrims’ Hotel In Makkah

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Security forces charged with protecting pilgrims, meanwhile, said the incident had been caused by “a chlorine leak from a water station on the Karbala-Najaf road”.

Much of Iraq’s infrastructure is in disrepair due to decades of conflict and corruption, with adherence to safety standards often lax.

In July, a massive fire at a shopping mall in the eastern city of Kut killed more than 60 people, many of whom suffocated in the toilets, according to authorities.

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PHOTOS: US Soldier Searching For Her Nigerian Father

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Old photos of Zainab James Parents, Lateef Quadri and Claudine James. Credit: Facebook

A US soldier, Zainab James, has launched a public search for her Nigerian father, identified as Lateef Quadri

The 31-year-old took to Facebook on Sunday to share old photographs of her father and her late mother, Claudine James, including one where Claudine was pregnant with her.

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According to Zainab, her mother became pregnant in 1993, and she was born in 1994. Sadly, she lost her mother.

Old photos of Zainab James Parents, Lateef Quadri and Claudine James. Credit: Facebook

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In her post, Zainab wrote, “Update: Mother’s name : Claudine James, born Decenber 9, 1969 in Montego Bay, Jamaica (deceased) , Hey All! A real shot in the dark but why not! My mom(pictured) got pregnant with me in 1993 ( I was born 1994) while living in Brooklyn New York. I’m looking for my father or any of his family. All I know is he was Nigerian, possibly named Lateef Quadri or something like that. They didn’t have a long term relationship as he wasn’t present at my birth but he did choose my name. No one in my family met him either. Apparently she was friends with his sister who worked in a jewelry store with her.”

Old photos of Zainab James Parents, Lateef Quadri and Claudine James. Credit: Facebook

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FULL LIST: 13 More Cars Now Eligible For Up To £3,750 UK’s Electric Vehicle Grant

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The United Kingdom (UK) government has announced 13 additional cars that qualify for its new electric vehicle grant. None of them currently qualify for the full discount available.

According to a statement on the government’s website, Transport Secretary Heidi Alexander confirmed that from August 5, buyers can get £1,500 off four Citroën models – the Citroën ë-C3, ë–C4, ë-C5 and the ë-Berlingo. The discount will be applied automatically at purchase, with no extra paperwork required.

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These are the first models approved under the £650 million Electric Car Grant (ECG) scheme. More vehicles are expected to be added in the coming weeks. The ECG allows carmakers to apply a discount at the point of sale for eligible electric vehicles that meet high sustainability standards.

The scheme is funded until the 2028–2029 financial year and aims to boost EV sales, support jobs, and attract investment.

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Since July 2024, over 17,300 public chargepoints have been installed in the UK — a 27% increase from last year — bringing the total to more than 82,000. The government plans to expand this to over 100,000 in the coming years, with a new chargepoint added roughly every 30 minutes.

Models from Renault, Nissan and Vauxhall are also now eligible for the £1,500 grant, although none meet the criteria for the full £3,750 discount yet as they are classified among the Band 2 cars. Nissan believes its new Leaf, to be built in Sunderland, may qualify for the higher grant, but this is not confirmed.

Eligibility Criteria

To qualify for the grant, a vehicle must:
Be an M1 passenger vehicle
Produce 0g CO₂/km at the tailpipe

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Have a minimum range of 100 miles (160 km)
Include a 3-year or 60,000-mile warranty (whichever comes first)

Be powered by a battery with an 8-year or 100,000-mile warranty (whichever comes first)

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Meet minimum sustainability standards

Cars Eligible for EV grants
Nissan

Micra – Based on the Renault 5 with some design changes, sharing the same motors and batteries. Starting price after the grant is under £22,000.

Ariya – Electric SUV with a spacious interior. Nissan plans to reduce the price to qualify for the grant.

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Leaf – The new model offers up to 375 miles of range. Nissan expects it may qualify for the full grant.

Renault & Alpine

Renault 5 – Compact hatchback priced under £23,000 before the grant.
Renault 4 – Larger and roomier than the Renault 5, starting at £27,000.
Renault Megane – Modern design with Google-based infotainment. Prices start at £32,500.
Renault Scenic – Family-sized EV with up to 381 miles of range. Starts at £35,495 after the grant.
Alpine A290 – Performance-focused version of the Renault 5.

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Vauxhall

Corsa Electric – Small hatchback with potential savings beyond the grant.
Combo Life Electric – Practical MPV with a spacious interior.
Astra Electric – Family car available in hatchback or estate form.
Mokka Electric – Compact SUV with distinctive styling.
Frontera Electric – Affordable SUV with a large boot.
Grandland Electric – Larger family SUV with a lower price than some competitors.

Citroën

ë-C3 – Compact EV priced from £20,600 after the grant.

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ë-C3 Aircross – Larger version of the ë-C3 with more boot space.
ë-C4 – Alternative to the VW ID.3 with a simpler interior layout.
ë-C4 X – Saloon-style version of the ë-C4.
ë-C5 Aircross – Flagship SUV arriving in the UK in October 2025.
ë-Berlingo – Large electric MPV with a focus on practicality.

The government has confirmed more models from other manufacturers will be added to the scheme as they are approved.

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