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

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.
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.
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.
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.
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.
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.
Headline
Trump Warns Of More Strikes In Nigeria If Attacks On Christians Continue

US President Donald Trump has warned that he could authorise additional military strikes in Nigeria if attacks against Christians continue, citing the security situation in the West African nation as a key concern.
In an interview with the New York Times on Thursday, Trump was asked whether the Christmas Day strikes in Sokoto State, which targeted Islamist militants, were intended as part of a broader campaign. “I’d love to make it a one-time strike. But if they continue to kill Christians, it will be a many-time strike,” he said.
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Trump’s comments follow his 2025 designation of Nigeria as a “country of particular concern” due to what he described as an “existential threat” to its Christian population. The remarks have drawn criticism from Nigerian officials, who insist that jihadist groups target people regardless of religion. “Muslims, Christians and those of no faith alike” are affected, a government spokesperson said, rejecting claims that Christians are being singled out.
When pressed about reports that most victims of jihadist groups in Nigeria are Muslims, Trump responded, “I think that Muslims are being killed also in Nigeria. But it’s mostly Christians.” Nigeria, with a population exceeding 230 million, is roughly evenly divided between Christians in the south and Muslims in the north.
The December strikes targeted camps run by a jihadist group known as Lakurawa in Sokoto, a largely Muslim region near the border with Niger. Both the US and Nigerian authorities have linked the militants to Islamic State-affiliated groups in the Sahel, although the IS has not formally claimed any association with Lakurawa. Details of casualties from the strikes remain unclear, as neither government has provided official figures.
Nigeria’s Foreign Minister Yusuf Maitama Tuggar said the operation was a “joint effort” and emphasised that it was not motivated by religion. He confirmed that the strikes had the approval of President Bola Tinubu and included
participation by Nigerian armed forces. Addressing the timing of the strikes, Tuggar added that they were unrelated to Christmas, though Trump described them as a “Christmas present”.
Headline
Science Discovers Why Hungry, Broke Men Prefer Bigger Breasts

A scientific study has found that men who feel financially insecure or hungry are more likely to find larger female breasts attractive.
The research was published in the peer-reviewed journal PLOS ONE and was conducted by psychologists Viren Swami and Martin J. Tovée.
The study examined whether breast size acts as a signal of fat reserves and access to resources, and whether men facing resource insecurity rate larger breast sizes as more attractive than men who feel economically secure.
Researchers carried out two separate studies across Malaysia and the United Kingdom.
In the first study, 266 men from three areas in Malaysia were assessed. The locations represented low, medium and high socioeconomic backgrounds. Participants were shown rotating computer-generated images of women with different breast sizes and asked to rate which they found most attractive.
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The findings showed a clear socioeconomic pattern.
Men from low-income rural areas preferred larger breasts.
Men from middle-income towns preferred medium to large breasts.
Men from high-income urban areas preferred smaller to medium breasts.
PLOS ONE study showing how hunger and financial insecurity affect men’s breast size preferences
Cover page of a PLOS ONE study examining how resource insecurity influences men’s breast size preferences. Source: PLOS ONE
As stated in the study, “Men from relatively low socioeconomic sites rated larger breast sizes as more physically attractive than did participants in moderate socioeconomic sites, who in turn rated larger breast sizes as more attractive than individuals in a high socioeconomic site.”
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The researchers noted that the lower a man’s financial security, the stronger his preference for larger breast size.
The second study focused on hunger rather than income.
In Britain, 124 male university students were divided into two groups. Sixty-six participants were classified as hungry, while 58 had recently eaten. Both groups viewed the same breast size images under identical conditions.
Hungry men consistently rated larger breasts as more attractive than men who were full.
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According to the researchers, “Hungry men rated a significantly larger breast size as more physically attractive than did the satiated group. Taken together, these studies provide evidence that resource security impacts upon men’s attractiveness ratings based on women’s breast size.”
The researchers explained that these shifts suggest attraction is not fixed but responsive to immediate conditions.
They noted that men experiencing hunger or financial pressure may place greater value on physical traits that signal access to resources or stability.
The study added that temporary states such as hunger can shape attraction in the same way long-term economic conditions do, reinforcing the idea that social and environmental factors play a key role in how physical attractiveness is judged.
Headline
Man With Lengthy Criminal Record Shoots Nigerian To Death Inside Bus In Canada

A 40-year-old man with an extensive criminal history has been charged with first-degree murder after a Nigerian national was shot dead on a GO bus at the Yorkdale GO Bus Terminal in Toronto, marking the city’s first homicide of 2026.
Toronto Police, in a statement on their website, said officers were called to the terminal, near Yorkdale Road and Allen Road, at about 7 p.m. on Sunday, January 4, following reports of a shooting. Investigators allege that both the suspect and the victim boarded a GO bus at the terminal, where the suspect shot the victim before fleeing the scene on foot.
According to the statement, officers arrived to find a man suffering from a gunshot wound, but despite carrying out life-saving measures, the Nigerian was pronounced dead at the scene.
The victim was later identified as Osemwengie Irorere, a 46-year-old man from Nigeria, the Toronto police said in a later statement.
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Local media reports noted that an eyewitness who was seated just behind the victim said the bus had been dark and crowded as passengers waited to depart when a single gunshot rang out.
“I assumed it was a popped tyre or something, but immediately after, a guy sitting in front of me got up, shoved his hands in his pocket and ran off the bus,” the witness said, requesting anonymity for safety reasons.
“Right after, I stood up and I looked at the seat in front of me and I saw a guy, bleeding,” he added, saying he could smell smoke in the air after the shot was fired.
Police said the suspect was located and arrested a short time later near the Yorkdale subway station, and a firearm was recovered.
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The accused has been identified as Tyrel Gibson, 40, of Toronto. He appeared at the Toronto Regional Bail Centre on Monday, January 5.
Court documents show that Gibson has a lengthy criminal record dating back to 2000, with nearly two dozen charges. He has previously been convicted of offences including attempted murder and firearm-related crimes. In 2015, he pleaded guilty to aggravated assault, using a firearm, possession of a firearm with ammunition and possession of an unauthorised firearm and was handed a lifetime weapons prohibition. He was sentenced to eight years in prison in 2017, although it remains unclear how much of that term he served.
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