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

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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.

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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.

READ ALSO:World Bank, Nigerian Govt Disagree ON n 2025 Budget Assumptions

“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.

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“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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READ ALSO:Nigeria Set To Receive Fresh $2.2bn World Bank Loan – Edun

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.

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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.

REAS ALSO:Nigeria’s Poverty Reduced By Seven Per Cent – World Bank

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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.”

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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.

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Children’s Day: Chaos At Ogbe Stadium As Dozens Faint

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Chaos erupted on Wednesday during the Children’s Day celebration as dozens of students reportedly collapsed following a stampede triggered by the use of pepper spray.

The event,
organised by the Edo State Ministry of Education at the Samuel Ogbemudia Stadium was disrupted after some male students of Ihogbe College allegedly made uncompromising advances towards female students at the venue.

‎ A parent who identified himself as Oboh Emmanuel said, “the behaviour of those uncultured students attracted the attention of bouncers stationed at the stadium as they rebuked the male students.”

‎Oboh said the affected students later regrouped and attacked the bouncers, leading to a confrontation within the crowded arena.

READ ALSO:Children’s Day: Edo Commits To Child Protection

It was gathered that in the ensuing confusion, the bouncers were reported to have deployed pepper spray in an area occupied by a large number of students.

‎Several students, particularly female students, reportedly fainted after inhaling the substance, while others sustained injuries after being stepped on during the ensuing melee.

‎The panic was said to have spread across the stadium as students, teachers and parents scampered for safety.

‎Many of the affected students were reportedly rushed to the Edo Specialist Hospital for medical attention.

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READ ALSO: Egor LG Chair, Ogbemudia, Vice, Osawe Impeached

Reacting to the incident, Chief Press Secretary to Governor Monday Okpebholo, Dr Patrick Ebojele, said the security personnel that fired the tear gas had been detained.

He said all the students, except two, that were rushed to the hospital have been discharged.

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Ebojele stated that doctors wanted to observe the students till tomorrow before allowing them to go home.

The two students are not seriously injured. Doctors want to observe them overnight. Permanent Secretary, Ministry of Education is still at the hospital. The man who used pepper spray has been detained.

“The incident did not happen the way it is being exaggerated. All modalities were put in place to ensure the children enjoyed their day.”

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Okpebholo Salutes Edo Muslims, Seeks Continued Support, Prayers

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Governor Monday Okpebholo of Edo State has urged Muslims and all Nigerians to continue to pray for peace, unity and progress in the country even as they celebrate the annual Eid-al-Adha

The governor, who was represented by his deputy, Dennis Idahosa, stated this during the annual Eid-al-Adha celebration with Muslim faithfuls held at Government House in Benin City.

He reiterated his administration’s commitment to fairness, inclusivity and equal opportunities for all citizens irrespective of religion and tribe.

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READ ALSO:ADC Penetrates Okpebholo’s District As Defections Strengthen Party in Edo Central

According to him, the present administration remains determined to building a government that reflects the diversity of Edo State, noting that competent and qualified Muslims have continued to play vital roles in his government because of their capacity, integrity and commitment to service.

“As a government, we remain committed to fairness, inclusivity and equal opportunity for every Edo citizen, irrespective of religion, ethnicity or political affiliation. This is why quality and competent Muslims are serving in key positions in our administration.”

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Okpebholo appreciated the Muslim community in Edo State for their unwavering support and continuous prayers for his administration, noting that such prayers and support have contributed immensely to the peace and steady development being witnessed across the state.

READ ALSO:Okpebholo Felicitates Muslims On Eid-el-Fitr Celebration

He then called on all Nigerians to use the occasion of Eid-al-Adha to pray for the administration of President Bola Ahmed Tinubu, stressing that the country needs collective prayers, unity and cooperation to overcome its present economic and security challenges.

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I urge all Muslims and indeed all Nigerians to use this occasion to pray for our dear nation and for the administration of President Bola Ahmed Tinubu. Nigeria needs our collective prayers, unity and support as we strive to overcome our challenges and build a more prosperous future for all.”

In his remarks, the Chief Imam of Edo State, Abdulfatai Enabulele, applauded the governor for what he described as remarkable developmental strides recorded in less than two years in office.

The cleric commended the administration for ongoing infrastructural development and efforts geared towards improving governance in the state, but appealed to the government to revisit and complete some abandoned projects inherited from the previous administration for the benefit of the people.

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Children’s Day: Edo Commits To Child Protection

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The Edo State Government has reaffirmed its commitment to protecting the rights of children, promoting quality education, and strengthening sports development across the state.

This assurance was given by the governor of Edo State, Monday Okpebholo, during the 2026 Children’s Day Celebration and Governor’s Cup Finale held on Wednesday at the Samuel Ogbemudia Stadium, Benin City.

Addressing pupils, students and teachers,
the governor described children as the pride of Edo State and the future of the nation.

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The governor, represented by his deputy, Dennis Idahosa,
noted that the annual celebration provides an opportunity to honour their dreams, talents, and limitless potential.

READ ALSO:Eid-el-Kabir: Edo Deputy Gov Solicits prayers For Okpebholo

Speaking on this year’s Children’s Day theme, “Choose Kindness, Reject Bullying,” the governor said the message was timely and significant, as it emphasizes the need to create safe, supportive, and inclusive environments for children both in schools and communities.

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He stated that bullying in all forms — physical, verbal, emotional, or online — has no place in society, adding that the Edo State Government remains fully committed to protecting the rights and dignity of every child.

According to him, the administration will continue to strengthen policies and programmes that promote child protection, discipline, mutual respect, and positive learning environments across schools in the State.

The governor urged children to embrace kindness, compassion, teamwork, and respect for one another, stressing that true strength lies not in intimidation but in empathy, good character, and mutual understanding.

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