Headline

77 Trillion Debt: Alarm Over National Debt Unnecessary – DMO

Published

3 years ago

January 5, 2023

The Debt Management Office (DMO) has said that the alarm created around the country’s projected public debt was unnecessary.

The Director-General, Mrs Patience Oniha, said this in a statement to react to reports that the next government would inherit N77 trillion debts.

She stated that Nigeria’s debt would only attain that level when the Ways and Means Advances from the CBN were securitised.

According to her, the securitisation of the Ways and Means Advances will enable the DMO to include the debt in the public debt stock thereby improving debt transparency.

Oniha had explained the projected debt stock using the actual public debt stock of N44 trillion as a basis.

She stated that the total debt stock included external and domestic debts of the Federal Government, the 36 state governments and the FCT.

“Taking into account a number of on-going activities, the total public debt stock; that is the external and domestic debts of the Federal Government, the 36 state governments and the FCT would be about N77 trillion.

“The debts that will be added to the public debt data in 2023 include the N1 trillion Ways and Means Advances to finance the supplementary budget.

“This has already been approved by the National Assembly (NASS).

“It also includes N22.72 trillion Ways and Means Advances currently under the consideration by the NASS.

“The projected debt stock for May 2023 also includes N5.567 trillion, representing about 50 per cent of the new borrowing of N11.134 trillion in the 2023 Appropriation Act.

“It also includes new Promissory Notes estimated at N1.5 trillion to be issued to settle arrears of the FGN and judgement debts,’’ NAN quoted her as saying.

According to her, also included are estimates for new borrowings by state governments and the FCT.

“From these figures, it is clear that the Ways and Means Advances of N22.72 trillion which represents funds already spent, is the largest source of the increase,’’ Oniha stated.

Headline

U.S. Lawmaker Reacts To Nigeria, U.S. Airstrikes

Published

4 hours ago

December 26, 2025

Editor

United States Congressman, Riley Moore, has stated that President Donald Trump is determined to put an end to the killing of Christians in Nigeria, warning that further action may follow if the violence persists.

Moore made the statement on Friday via his official X handle.

According to the lawmaker, the strike represents the first step in addressing what he described as the ongoing slaughter of Christians and the broader security crisis affecting Nigerians across religious and ethnic lines.

“President Trump has been clear that the killing of Christians in Nigeria must end,” he said.

He that the administration’s resolve on the matter should not be underestimated.

“As I stated at the outset: Do not test President Trump‘s resolved in this matter.

“Tonight’s strike in coordination with the Nigerian government is just the first step to ending the slaughter of Christians and the security crisis affecting all Nigerians,” he said.

He stressed that the operation signals a stronger stance by the United States in support of Nigeria’s efforts to tackle terrorism and violent extremism, noting that further measures could be taken if the situation does not improve.

Headline

US Dept Of War Shares Video Of Air Strikes In Nigeria

Published

5 hours ago

December 26, 2025

Editor

A video footage of the US military air strikes in Nigeria has emerged.

The video was released by the US Department of War following its air strikes against terrorists in Sokoto.

Earlier, the US secretary of War, Pete Hegseth had confirmed that military air strikes hit terrorists in Nigerians, saying it was deadly.

Later on, the US. African Command, confirmed that it conducted the attacks described as very deadly by President Donald Trump.

Trump said he was only keeping the promise he made earlier last month to strike the terrorists he believes are killing innocent Christians.

Although described as powerful and deadly, the casualty caused by the attack is yet to be released.

Explaining further, security expert, Brant Philip, said the strikes may have been launched “from the USS Paul Ignatius, using a Tomahawk missile.”

The Nigerian government through its ministry of foreign affairs has also confirmed that the strikes were successful.

Watch video here

Headline

JUST IN: US Forces Bomb Terrorists Camps In Nigeria

Published

6 hours ago

December 26, 2025

Editor

United States President Donald Trump said US forces conducted deadly strikes against Islamic State terrorists in northwestern Nigeria, and vowed more attacks if the militants keep killing Christians.

“I have previously warned these Terrorists that if they did not stop the slaughtering of Christians, there would be hell to pay, and tonight, there was,” Trump posted on his Truth Social platform, adding that “the Department of War executed numerous perfect strikes.”

Trump stated that the Department of War “executed numerous perfect strikes, as only the United States is capable of doing. Under my leadership, our Country will not allow Radical Islamic Terrorism to prosper.”

The US president wished everyone Merry Christmas, “including the dead Terrorists, of which there will be many more if their slaughter of Christians continues.”

Details later.