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Edo Govt., APC In Verbal War Over State’s Rising Debt Profile
Published
1 year agoon
By
Editor
By Joseph Ebi Kanjo
The Governor Godwin Obaseki-led Edo State government and the state chapter of the All Progressives Congress (APC) on Friday locked horns over the alleged rising debt profile of the state.
Jarrett Tenebe, the state acting chairman of the APC, during a press briefing in Benin, while accusing the state government of plunging the state into “debt profile of N135 billion Naira and $35.6 billion Dollars,” the state Commissioner for Communication and Orientation, Mr. Chris Nehikhare described the acting chairman’s allegation as “infertile rambling, wild and completely off-the-mark.”
On Tenebe’s allegation that the Edo
State Government has requested “a loan of N17.5 billion Naira with
no corollary of project attached there to the said facility, and also that the facility is not contained as loan to be taken in the 2024 fiscal budget just recently passed,” Nehikhare said “recent facility approved by the State Assembly was to amongst other projects, enable the State Government procure electric buses to enhance the states transportation system.”
Tenebe said: “Information at the behest of the members of the Edo State House of Assembly is to the effect that they were recalled from their holiday or leave by the Speaker on the request of the State Governor for the immediate approval of the said facility which accord to them were said to be N9billion Naira but as event unfolded, after the mammoth request by the opposition in the house as to the rationale for a facility as stupendous as N9billion Naira for fathom projects which only existed in the imagination of the Governor, it was
discovered that the facility was not even N9billion Naira but a figure wrapped in secrecy as much as N17.5 billion Naira to which the opposition in the house rejected and or refused to be part of the approval.
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“While it is important to state that the citizens of Edo State have been taken through difficult and hard times by the Obaseki led administration, it is our request and most profoundly too that the Obaseki administration to hence forth stop these borrowings which its proceeds found their way into his pocket and that of his co-travelers, as Edo State has suffered enough decay in infrastructural and other developmental sects,” Tenebe lamented. (Sic)
But the state Commissioner for Communication fired back: “Even if that was what was written for him, he should have known that the figure is wrong and can’t be true .
“In reality, our debt stock is not a secret and in fact, we are ‘under borrowed’. Emperor Tenebe would have known this if he understood the economics of governance, fiscal responsibility and debt-to-GDP ratio.
“The recent facility approved by the State Assembly was to amongst other projects, enable the State Government procure electric buses to enhance the states transportation system.
READ ALSO: Army Seizes 5m Litres Of Stolen Crude Oil In Rivers
“Tenebe’s undoing is that he and his party have been so used to looting of the people’s treasury and cannot bear the pain that they would never have access to the State’s purse with which the governor has continued to pursue developmental projects across the state.
“It is even more saddening that a party’s chairman only thinks about brick and mortar when it comes to development.
“Tenebe’s attention must be drawn to the fact that opposition politics is not cynicism. Opposition politics requires intelligence, tact and not childish tantrums.”
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Labour Party leader and former presidential candidate, Peter Obi, has criticised President Bola Tinubu’s planned trip to Saint Lucia, describing it as poorly timed and lacking in sensitivity, especially amid Nigeria’s deepening economic and security challenges.
Tinubu is expected to leave Nigeria on Saturday for Saint Lucia and is also scheduled to attend the upcoming BRICS summit in Brazil.
In a post shared on X (formerly Twitter) on Saturday, Obi expressed dismay over the president’s travel, questioning the state of governance in the country.
Obi argued that Tinubu’s trip highlights a pattern of misplaced priorities by the administration, particularly at a time when citizens are grappling with widespread hunger and insecurity.
READ ALSO:Strike: NLC To Shutdown FCT After Tinubu’s Project Inaugurations Labour
“What I have seen and witnessed in the last two years has left me in shock about poor governance delivery and apparent channelling of energy into politics and satisfaction of the elites, while the masses in our midst are languishing in want,” Obi stated.
He lamented the toll of rising insecurity across Nigeria, pointing out the country’s deteriorating safety situation.
“In the past two years, Nigeria has lost more people to all sorts of criminality than a country that is officially at war.
“Without any twilight, Nigeria ranks among the most insecure places in the world. Nigerians are hungrier, and most people do not know where their next meal will come from,” he wrote.
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Obi said he was stunned when he learned of the President’s travel plans, especially following what he described as a recent holiday in Lagos.
“With such a gory picture of one’s country, you can imagine my bewilderment when I saw a news release from the Presidency announcing that President Bola Tinubu is departing Nigeria today for a visit to Saint Lucia in the Caribbean,” he said.
Quoting Saint Lucia’s Prime Minister, Philip J. Pierre, Obi noted that the visit comprises both official and personal segments.
“According to the Prime Minister’s announcement, ‘two of these days, June 30 and July 1, will be dedicated to an official visit, with the remainder of the trip set aside as a personal vacation,” he said.
Obi noted that he initially found the report hard to believe.
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“I told the person who drew my attention to the Caribbean story that it cannot be true and that the President is just coming back from a holiday in Lagos.
“I didn’t want to believe that anybody in the position of authority, more so the President… would contemplate a leisure trip at this time,” Obi said.
He condemned Tinubu’s failure to visit disaster-stricken areas like Minna in Niger State, where over 200 people reportedly died and hundreds remain missing due to flooding.
“This is a President going for leisure when he couldn’t visit Minna, Niger State where over two hundred lives were lost and over 700 persons still missing in a flood natural disaster,” he said.
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Obi also took issue with Tinubu’s recent trip to Benue State, claiming it was politically motivated rather than compassionate.
“The other state in crisis where over two hundred lives were murdered, the President yielded to public pressure and visited Makurdi… for what turned out to be a political jamboree than condolence as public holiday was declared and children made to line up to receive the President who couldn’t even reach the village, the scene of the brutal attack,” he said.
Drawing comparisons between Nigeria and Saint Lucia, Obi questioned the logic of prioritising a visit to the Caribbean nation over addressing pressing domestic issues.
“Makurdi is 937.4 Km², which is over 59% bigger than St Lucia, which is 617 km², and Minna is 6789 square kilometres, which is ten times bigger than St Lucia. St Lucia, with a population of 180,000, is less than half of Makurdi’s 489,839 and Minna, with 532,000 is almost three times the population of St Lucia,” the former Anambra governor said.
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He concluded his post by stressing the urgent need for leadership that is grounded in empathy and focused on addressing the suffering of ordinary Nigerians.
He said, “I don’t think the situation in this country today calls for leisure for anybody in a position of authority, more so the President, on whose desk the buck stops.
“This regime has repeatedly shown its insensitivity and lack of passion for the populace…”
Obi added, “This very obvious indifference of the federal government to the suffering of the Nigerian poor should urgently be reversed.
“One had expected the President to be asking God for extra hours in a day for the challenges, but what we see is a concentration of efforts in the 2027 election and on satisfying the wealthy while the mass poor continues to multiply in number.”
News
World Bank Lists Nigeria Among 39 Nations Facing Rising Poverty, Hunger
Published
1 hour agoon
June 28, 2025By
Editor
The World Bank has listed Nigeria among 39 countries where poverty and hunger are deepening as a result of conflict and instability.
In a report released on Friday, the bank said the economies, a mix of low- and middle-income countries, span all global regions. Among them are Afghanistan, Burkina Faso, Cameroon, Ethiopia, Libya, Mali, Nigeria, Sudan, Ukraine, and Zimbabwe.
The report, which assesses the economic impact of conflict and fragility in the post-COVID-19 era, revealed that 21 of the 39 countries are experiencing active conflict.
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According to the findings, extreme poverty is rising more rapidly in these countries, taking a severe toll on economic development, worsening hunger, and derailing progress toward key development goals.
Since 2020, the report noted, the average per capita GDP of these economies has declined by 1.8 per cent annually, in contrast to a 2.9 per cent growth rate recorded in other developing countries.
The report partly reads: “This year, 421 million people are struggling on less than $3 a day in economies afflicted by conflict or instability—more than in the rest of the world combined.
“That number is projected to rise to 435 million, or nearly 60% of the world’s extreme poor, by 2030.”

Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, according to the latest data released by the Debt Management Office (DMO).
The nation’s public debt represents the indebtedness of the federal and state governments, as well as the Federal Capital Territory.
The Federal Government owes N74.89 trillion, while the 36 states and the Federal Capital Territory (FCT) owe the balance of N3.87 trillion.
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The figure represents about 4. 72 trillion or 3.3 percent increase over the preceding quarter, with a debt stock figure of N144.67 trillion.
The data showed that external debt rose minimally by 0.5 percent between the end of 2024 and the end of March 2025 (N344 billion).
Although the nation’s external borrowing has been quite low since the last quarter of 2024, the Naira depreciation has had a very negative effect on the stock.
Domestic debt stood at N78.76 trillion as of the end of the first quarter compared to N65.65 trillion in March 2024.
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