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.

As part of activities marking the second anniversary of President Bola Tinubu, Minister of the Federal Capital Territory FCT, Nyesom Wike stunned the residents when he announced that no fewer than 19 projects had been completed and ready for inauguration.

Wike was right but the people, who had never seen such a feat in many decades, never believed the minister. And, it came to pass that as the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, began the cutting of tapes to signal the completion of life-changing projects across the FCT, the people marvelled.

However, due to the itinerary of the president, the minister was forced to scale down the projects from 19 to 17, stating that he would commission the others on his own.

The first project that was commissioned was the newly-renovated Abuja International Conference Centre AICC, which happened on June 10.

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According to Wike, the president accepted to commission 10 of the projects while Vice President Kashim Shettima will commission three on behalf of the president. The Senate President, Godswill Akpabio and Speaker, House of Representatives, Tajudeen Abbas were to commission two projects apiece, on behalf of the president.

The remaining two were to be commissioned by the FCT administration to round off the series of projects completed by the FCT administration under Mr. Wike, a PDP strong political ally of Mr. President who does not mind working closely with the APC-led Tinubu administration.

Out of 11 projects so far commissioned, the president has personally commissioned five.

Apart from the ICC (now Bola Ahmed Tinubu International Conference Centre courtesy of Wike), some of the projects so far commissioned include; the Arterial Road N16 (Shehu Shagari Way) from Ring Road One (Nnamdi Azikiwe Way) to Arterial Road N20 (Wole Soyinka Road) and some other roads in Katampe District; the Left-Hand Service Carriageway of Outer Southern Expressway OSEX Stage II from Ring Road 1 Junction to Wasa Junction also known as Apo – Wasa road; and, The Greater Abuja Water Supply Network, Loops 1,2,5&6 of the Federal Capital City FCC.

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Others are: Mabushi Bus and Taxi Terminal; Collector Road CN2, also known as Mabushi – Katampe road; the Arterial Road N5 (Obafemi Awolowo Way) from Life Camp Junction to Ring Road III (RR3); the 15-kilometre road from A2 Junction on the Abuja – Lokoja road to Pai town in Kwali Area Council; the 16-kilometre right-hand service carriageway of the Inner Northern Expressway INEX from Ring Road 3 to the Outer Northern Expressway ONEX (Murtala Muhammed Way), also known as the Idu – Zuba road; the Interchange bridges of Arterial Road N20 (Wole Soyinka Way) over the Outer Northern Expressway (Murtala Muhammed Expressway) by Katampe Extension; and, the Kugbo Bus and Taxi Terminal.

Within the period, President Tinubu also turned the sod for the design and construction of the headquarters annex of the electoral umpire in Maitama, Abuja.

Other projects commissioned include the 10km Aguma Palace–Radio Nigeria–Market Road in Gwagwalada; the 18km Nyanya–Karshi dual carriageway; the 7.4km Dutse Alhaji–Usuma Dam Road; and the 16.4km dualized road from Ushafa to War College and Army Checkpoint among others.

Months before then, Wike had commissioned some other roads in the satellite towns, including the 9km Paikon Kore – Ibwa road in Gwagwalada Area Council; the 7.2km Gaba – Tokulo road in Bwari Area Council; the 5km dualized Kuje township road from Tipper Garage to LEA Secretariat; the 11km Sukuku-Ebo-Yangoji road in Kwali Area Council; and, the 5km road to Saburi I and II in Abuja Municipal Area Council AMAC from old Keffi road near the Dei-Dei International Market.

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Residents react

As expected, there has been a flurry of positive reactions from residents, including the high and mighty.

While the president has been effusive with praises of his FCT minister in his speeches at all the events, the Senate President, Godswill Akpabio said he had never witnessed such pace of rapid development.

“I was a minister in the last administration. I can’t remember a day I went for commissioning of any project in the FCT”, said Akpabio.

A civil servant, Ayinde Olaniyi who lives around the Jahi area said the Arterial Road N20 (Wole Soyinka Way) Interchange Bridge over Outer Northern Expressway (Murtala Mohammed Expressway) has improved connectivity within the axis.

“With this bridge, it is easier to turn to the other Lane without having to drive for long. Also, the aesthetics is lovely. People around Jahi, Katampe, Katampe Extension and Also will benefit massively from this. But it will also benefit all those who use this route daily, whether they are coming from the Kubwa do Nyanya axis”, he said.

Olaniyi however begged security agencies to ensure that miscreants don’t loiter or sleep under the bridge at night.

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An Uber driver, Usman Ali said it would take some time for him and others to master some of the new roads, saying there is probably a need for Google Navigation system to reconfigure the Google Map and add the new directions.

He said; “Honestly, these roads are something else. Give it to Wike. You may not like him politically but you cannot deny the fact that he has performed. Look at this Idu – Zuba road. I never imagined that the road would be done. But today, it is done and open to traffic. It is 16 kilometres of smooth sailing”.

Residents of Pai town in Kwali Area Council were also happy about the 15-kilometre A2 Junction (from the Abuja-Lokoja Expressway) to their community.

They are even more elated by the fact that the 15.4 kilometre stretch from Pai to Gomani is currently under construction while another 15 kilometre from Gomani to Yangoji has been awarded.

Some of the locals said they now have easy access to the primary school and health centre in the area.

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Kubwa residents beg

Meanwhile, residents of Kubwa in Bwari Area Council have begged the minister to include them in the scheme of things.

While they praised Wike for his developmental strides in the territory, particularly in Ushafa, Bwari and neighbouring Saburi community, the residents said Kubwa being Abuja’s largest suburban town is home to a very large population and businesses.

One of the residents, Isaiah Jacob said; “We are happy with what the minister is doing. Honestly, he has tried. That is not debatable. The other day, I went to Zuba Spare Parts Market and I decided to test-drive my car and discovered a new road. I drove on the road until I found myself in Tunga Maje. Honestly, I never knew that Wike had constructed that road. You don’t need to use the Express Way to access Tunga Maje from Zuba or vice versa. And he did not make noise about it. I don’t even think the road was commissioned. I think he just constructed it and opened it to traffic without any funfair. We are only pleading that, as his budget improves, he turns his magic wand on Kubwa”.

A pastor in Kubwa, Abraham Wetkos, listed some of the roads needing emergency repairs in Kubwa.

“The longest road here is the Gado Nasko road. It needs rehabilitation. The Arab Road which remains uncompleted, also needs a lot of work. Till now, the bridge linking it to F01 is not completed. Then, there is the Chikakore road and the Sultan Dasuki Road. I don’t think all the roads combined are up to 40 kilometres. Please, honourable minister, come over to ‘Macedonia’. We need your help in Kubwa”, he said.
(VANGUARD)

The Comptroller-General (C-G) of the Nigeria Customs Service (NCS), Mr. Wale Adeniyi, has been elected as Chairman of the World Customs Organisation (WCO) Council.

The election was held during the concluding session of the 145th/146th WCO Council Meetings, yesterday, at the WCO Headquarters in Brussels.

The WCO is the highest decision-making body in global customs administration.

CGC Adeniyi succeeds Edward Kieswetter, Commissioner of the South African Revenue Service, and becomes the first Nigerian to hold the office since the WCO’s establishment in 1953.

Reacting to the appointment, Mr. Adeniyi expressed profound appreciation to the Council members for the confidence reposed in his leadership, describing the moment as both humbling and historic for Nigeria and the African Customs community at large.

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“This honour is not mine alone, it reflects the collective progress of the Nigeria Customs Service and the transformative agenda we’ve pursued over the past two years.

“As Chairperson, I pledge to uphold the core values of the WCO, while promoting innovation, equity, and deeper collaboration among member states in response to the complex realities of global trade,” he said.

The CG also expressed gratitude to the Council for electing him the Chairperson.

He pledged unwavering support for the World Customs Organisation’s ongoing modernisation efforts and affirmed his commitment to implementing its 2025–2028 strategic plan.

He added, “We are entering a critical phase in the evolution of global trade, where customs must balance facilitation with enforcement, transparency with innovation, and sovereignty with cooperation.

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“I intend to work closely with member administrations and stakeholders to position the WCO as a dynamic, forward-looking institution fit for today’s challenges.”

The customs boss acknowledged the commendable work of his predecessor, for the guidance and stability provided to the Council.

He noted that his leadership laid a solid foundation upon which current reforms can thrive.

The CGC further expressed optimism towards the coming sessions of the Council, affirming his readiness to facilitate meaningful dialogue and progress among the global customs community.

The WCO Council is the organisation’s supreme governing body, established by the Convention on the Establishment of a Customs Co-operation Council. Its core mandate promotes uniformity, modernisation, and global best practices among customs administrations. All WCO working bodies report to the Council, whose policy decisions guide the operations of customs administrations across its 185 member states.

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As Chairperson, CGC Adeniyi is expected to provide strategic leadership to the WCO Policy Commission, steering the global customs agenda and facilitating high-level discussions on trade facilitation, revenue optimisation, security, cross-border cooperation, and digital transformation.

He will also work closely with the WCO Secretary-General, Mr. Ian Saunders, and the WCO Secretariat to ensure implementation of the organisation’s Strategic Plan, while championing greater inclusivity, capacity development, and sustainability in customs operations, particularly for developing countries.

The Chairperson also plays a key diplomatic role, representing the WCO at high-level global fora and strengthening relationships with external partners such as the Private Sector Consultative Group (PSCG), international donor bodies, and multilateral trade institutions.

Shortly after the Council Session, in a symbolic moment that captured the significance of Nigeria’s ascension, the South African flag was symbolic ally lowered, while the Nigerian flag was hoisted at the WCO headquarters, a powerful gesture signifying Nigeria’s leadership as Chair of the Council.