News
World Bank Remains Nigeria’s Top Creditor As Debt Hits N152.4tn — DMO

Nigeria’s total public debt stock has risen to “N152.40 trillion as of June 30, 2025, according to the latest figures released by the Debt Management Office” on Saturday.
The figure represents a N3.01tn increase from N149.39tn recorded at the end of March 2025, marking a 2.01 per cent rise within three months. In dollar terms, the debt profile grew from $97.24bn to $99.66bn, reflecting a 2.49 per cent increase.
The new data underscore the government’s growing reliance on both domestic and external borrowing to plug fiscal deficits, even as revenue reforms and foreign exchange liberalisation continue to reshape the macroeconomic landscape.
A breakdown of the figures shows that “Nigeria’s external debt climbed to $46.98bn (N71.85tn) in June, up from $45.98bn (N70.63tn) in March.
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“The World Bank remained Nigeria’s single largest external creditor, with $18.04bn outstanding, mostly through the International Development Association. This represents about 38 per cent of total external obligations.
“Overall, multilateral lenders accounted for $23.19bn or 49.4 per cent of the external portfolio. Other multilateral partners include the African Development Bank, the International Monetary Fund, and the Islamic Development Bank.
“Bilateral loans contributed $6.20bn, led by the Export-Import Bank of China with $4.91bn, while smaller exposures were owed to France, Japan, India, and Germany.
“Commercial borrowings, mostly Eurobonds, stood at $17.32bn, accounting for 36.9 per cent of the external debt. Nigeria also owed $268.9 million under syndicated facilities and commercial bank loans.”
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The country’s heavy exposure to Eurobonds could heighten its vulnerability to global market shocks, while dependence on concessional multilateral loans points to persistent fiscal fragility and limited access to cheaper credit.
On the domestic front, total debt rose to N80.55tn in June, up from N78.76tn in March, an increase of N1.79tn or 2.27 per cent.
The portfolio was dominated by Federal Government bonds, which stood at N60.65tn accounting for 79.2 per cent of the total domestic debt. This includes, N36.52tn in naira-denominated bonds, N22.72tn in securitised Ways and Means advances from the Central Bank of Nigeria and N1.40tn in dollar bonds.
Other components included Treasury bills worth N12.76tn (16.7 per cent), Sukuk bonds valued at N1.29tn savings bonds of N91.53bn, green bonds of N62.36bn, and promissory notes totalling N1.73tn.
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The securitisation of CBN’s Ways and Means lending, essentially converting overdrafts into long-term debt, highlights the fiscal pressures facing the Tinubu administration, even as it seeks to tighten monetary discipline and restore investor confidence.
According to the DMO, “the Federal Government accounted for N141.08tn, or 92.6 per cent of the total public debt stock. This includes N64.49tn in external obligations and N76.59tn in domestic liabilities.
“Subnational governments, comprising the 36 states and the Federal Capital Territory, owed a combined N11.32tn representing 7.4 per cent of total public debt. Of this, $4.81bn (N7.36tn) was external, while N3.96tn was domestic.”
Nigeria’s rising debt comes amid ongoing efforts by the Federal Government to boost non-oil revenues, curb inflation, and stabilise the naira under its economic reform agenda.
While the DMO insists that the debt remains within sustainable limits, concerns persist over the cost of borrowing, and exchange rate adjustments.
News
Otuaro Tasks Media On Objective Reportage

The Administrator, Presidential Amnesty Programme (PAP) Dr. Dennis Otuaro has charged media practitioners particularly members of the Ijaw Publishers’ Forum to promote ethical journalism through their reportage.
He gave the charge in Warri on Wednesday during the 2nd Annual Ijaw Media Conference organised by the Ijaw Publishers’ Forum (IPF).
Represented by Princewill Binebai, spokesman, Ijaw Youth Council (IYC) Worldwide, Otuaro while stating that the Niger Delta stories have been told in such a way that is quite different from what is obtainable in the real sense, said this, IPF must do everything possible to correct.
The administrator added: “I am happy that Ijaw journalists have boldly come out together to champion the Ijaw struggle in a very dynamic perspective”.
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“The Ijaw story was misrepresented over the years, but IPF’s emergence had corrected this error and the story is gradually changing for better.”
Otuaro, however, challenged Ijaw media practitioners to be objective, truthful, accurate and fearless in their reportage to correct many years anomalies of the Ijaw struggle.
He admonished members of IPF to see themselves as brothers and love one another in the discharge of their activities to achieve a common goal.
News
Police Confirm Edo Tanker Explosion, say No Casualty

The Edo State Police Command has confirmed tanker explosions that rocked Auchi, the administrative headquarters of Etsako West Local Government Area of the state.
The Command’s Police Publice Relations Officer, Eno Ikoedem, who confirmed the incident via the phone, said the explosion occurred at about 6:30 p.m. following the fall of a fuel tanker along the road.
Ikoedem said the incident occurred on Wednesday evening at about 6:30 p.m. following the fall of a fuel tanker along the road.
READ ALSO:Edo SSG Calls On Media To Support Govt Policies, Assures Better Welfare
She explained that spilled fuel seeped into underground tunnels, which later ignited and caused three explosions in different parts of the Auchi community.
According to her, officers from the Auchi Divisional Police Headquarters and the Area Command were mobilised to the affected areas and successfully cordoned them off to prevent loss of lives.
She added: “No casualty was recorded. Our men on ground were able to cordoned the affected areas.”
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It was gathered that three separate explosions rocked the town simultaneously in different parts, which led to properties worth millions of naira destroyed.
A resident who does not want his name in print said via the telephone that the blasts occurred along Igbei Road, Igbo Shade, and along the Auchi–Okene Road, close to Winners Junction.
The resident, who alleged the explosions appeared to have been coordinated, called for a thorough investigation into the incident to prevent future occurrences.
Calls put across to Mr. Monday Edogiawere, Chairman, Red Cross, Edo State, were not picked.
News
IPF Hosts Media Conference, Seeks Protection For N’Delta Environment

The Ijaw Publishers’ Forum (IPF) on Wednesday , December 17, 2025 held its annual media conference in Warri, Delta State, where the media practitioners sought protection of the Niger Delta’s natural resources and environment for future generations.
In his welcome address at the conference themed: ‘Safeguarding the Niger Delta Natural Resources for Future Generations,’ IPF President, Comrade Austin Ozobo, while emphasising the importance of protecting the Niger Delta’ environment and resources, highlighted the devastating impact of oil theft, environmental pollution, exploitation by oil companies, federal government and deforestation on the region.
He called on oil exploration companies to prioritize the well-being of the people and the environment.
Comrade Austin also provided a brief history of the IPF, which was formed in October 2023 to promote the Ijaw struggle and its identity.
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He noted that the IPF has made significant strides in telling the Ijaw story and advocating for the rights of the Ijaw nation.
Ozobo, who noted that the conference was aimed at addressing the challenges facing the Niger Delta region and find solutions to safeguard its natural resources for future generations, said: “We must stop oil theft, environmental pollution which has destroyed fishing and farming activities or occupation in our region. We must equally stop deforestation and waste of other forest and aquatic resources. Our resources are our future. Our environment is our wealth. Pollution does not just affect our environment but it shortens our life span. Stealing our crude or sabotaging it, is as well as stealing our common wealth, invariably creating poverty, unemployment and lack of opportunities in our region. This message largely affects our oil exploration companies. The IOC and indigenous oil companies management should stop exploitation and deliberate environmental pollution if our well-being should be prioritized”.
“We have proactively told the Ijaw story in all dimensions, we have propagated and seamlessly advocated for the struggle of the Ijaw nation. We have actively defended the Ijaw nation from willful blackmails, people who are hellbent to hand twist, incite government, its military against Ijaw nation to jeopardise Ijaw identity. This is not to entertain you but well-meaning leaders, stakeholders and youths could attest to it”.
READ ALSO:IPF Holds Annual Ijaw Media Conference December
“There is no gainsaying that IPF has balanced the equilibrium, the Ijaw nation is now more significant in the media industry than ever, there is now a checks and balances between those who bastardise our collective image or identity in the name of telling our story. We have corrected many such narratives and we will continue to put a stop to it. I can assure you that the rate at which the foreign papers battered our identity have reduced to the barest minimum since we took charge and made Ijaw significant in the media industry”
“The Yoruba has their media houses, Hausa has its own, Igbo has, Itsekiri has, Urhobo has, so the commitments and efforts made by brilliant Ijaw sons and daughters to strengthen Ijaw presence in the media industry should be encouraged by all well-meaning Ijaw leaders and critical stakeholders. Our mission and visions are to defend, advocate, propagate Ijaw/Niger Delta self-determination struggle and build dependable media houses for the Ijaw nation in no distance time. So that when all papers and broadcasting stations will show patriotism to their origins, political Godfathers and hand twisted governments in the unforeseen dark days, Ijaw nation will not be left in the rain and sun to be battered”.
READ ALSO:Ex-Nigerian Amb., Igali, To Deliver Keynote Address As IPF Holds Ijaw Media Conference
The conference was attended by prominent guests, including High Chief Dennis Otuaro, Administrator of the Presidential Amnesty Programme, and RT. Hon. Emomotimi Guwor, Speaker of the Delta State House of Assembly, Chief Lawuru Promise, Amb. Godknows Igali, Pandef National leader, Chief Oyakemeagbegha Izinebi, INC publicity Secretary, Chief Wellington Bobo, Chief Emmanuel Amgbaduba former commissioner of oil and gas, Delta State, Chief Udens Eradiri, IYC spokesman Princewill Binebai, Ijaw women Rights’ Protection Forum IWRPF, Ijaw women in politics, for peace and Culture, Ayakoromo ladies, President Amnesty students leadership and others.
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