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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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NiMet Warns Of Flash Flooding In 19 States

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The Nigerian Meteorological Agency (NiMet) has warned that 19 states across the country may experience flash flooding.

In an advisory issued yesterday, NiMet said increased surface runoff and flash flooding could occur during heavy early rains due to dry and hardened soils that prevent water from properly soaking into the ground.

The agency listed the states likely to be affected as Zamfara, Nasarawa, Kwara, Oyo, Lagos, Ogun, Ekiti, Delta, Imo, Anambra, Enugu, Ebonyi, Akwa Ibom, Cross River, Rivers, Edo, Ondo, and Bayelsa.

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NiMet said the possible impacts include flooded roads, traffic disruption, damage to homes, farmlands, and infrastructure, blocked drainage systems, power outages, telecommunication disruptions, and increased risks of injuries and water-borne diseases.

READ ALSO:Meningitis: NiMet Lists High-risk States

The agency advised residents to clear blocked drainage and stay updated with weather and flood alerts.

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NiMet also cautioned motorists and pedestrians against driving or walking through flooded areas.

The agency asked relevant authorities and stakeholders to strengthen coordination, preparedness, and emergency response measures to reduce flood-related risks.

An informed community is a prepared community. Know the risks and act early,” the advisory read.

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READ ALSO:NiMet Predicts Three-day Rain, Thunderstorms From Monday

The Federal Government had warned that 14,118 communities in 33 states and the Federal Capital Territory (FCT) are at risk of severe flooding in 2026.

The states include Abia, Adamawa, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Enugu, Gombe, Imo, Jigawa, Kaduna, and Kano.

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Others are Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe, and Zamfara, and the FCT.

READ ALSO:NiMet Predicts 3-day Thunderstorms, Rains

Meanwhile, Nimet and the National Emergency Management Agency (NEMA) have intensified efforts to improve disaster management in the country with plans to develop a national early warning system roadmap.

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The move was announced yesterday during a courtesy visit by the Director General of NEMA, Zubaida Umar, to the Director General of NiMet, Charles Anosike, at the NiMet headquarters in Abuja.

Mrs Umar applauded NiMet for the timely release of the 2026 Seasonal Climate Prediction and its consistent weather forecasts, noting that the agency had recorded significant improvements under Prof. Anosike’s leadership.

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‘Nothing New’ – Wike Defends Houses For Judges, Dismisses NBA Criticism

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Federal Capital Territory, FCT, Minister, Nyesom Wike, on Friday defended the construction of houses for judges and justices in Abuja, dismissing concerns that the projects could compromise the independence of the judiciary.

Wike spoke after inspecting ongoing judicial infrastructure projects, including judges’ residences, the Court of Appeal Abuja Division and proposed residential projects for judges of the Industrial Court and the Code of Conduct Tribunal.

The minister’s remarks followed criticisms reportedly raised by the Nigerian Bar Association (NBA) over executive involvement in the provision of infrastructure for the judiciary.

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Rejecting the concerns, Wike argued that government provision of facilities for judicial officers was neither new nor a threat to judicial autonomy.

He said: “The mere fact that the executive constructs buildings does not mean it will interfere with the judiciary.

READ ALSO:2027: Wike Opens Up On Preferred Rivers Guber Candidate

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“We have built public houses for the National Assembly and for the judiciary before. The Supreme Court was built by government. So there is nothing new in this.”

Wike accused the NBA leadership of inconsistency, alleging that the association frequently sought financial support from state governments for its conferences and activities while criticising government interventions in the judiciary.

“All they are interested in is when state governments will sponsor NBA activities. If governments fund their conferences, does that mean they are no longer independent?” he queried.

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He maintained that the FCT Administration would not be distracted from implementing projects designed to improve the welfare and working conditions of judges and justices.

“This is a voluntary act by government to make judicial officers comfortable and focused on their work. It is not done to erode judicial independence,” the minister added.

READ ALSO:Open Bank Account In PDP Name, See What Will Happen – Wike Dares Turaki Faction

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Wike said the projects formed part of activities lined up to mark President Bola Tinubu’s third anniversary in office.

He expressed satisfaction with the completion level of the judges’ quarters, describing the project as well executed and nearly ready for inauguration.

We’ve seen the judges’ quarters beautiful. I’m very elated that the job was done well. The houses are well furnished and almost 99 per cent ready,” he stated.

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The minister also disclosed that preparations had begun for the groundbreaking ceremony of residences for judges of the Industrial Court and the Code of Conduct Tribunal.

However, he expressed dissatisfaction with aspects of the finishing at the Court of Appeal Abuja Division project, despite its advanced stage of completion.

READ ALSO:Trump Tired Of War In Iran – Shehu Sani

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Almost 90 per cent complete, but I must say it’s not the quality I expected. I have told the contractor that several errors must be corrected before inauguration,” he said.

Wike assured that the administration would continue monitoring contractors to ensure all projects are delivered according to specification and within schedule.

All the promises that have been made, we are going to fulfil them. That is why we are going around to inspect and ensure contractors are ready,” he added.

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LASG Fixes Dates For Public Service Exams, Releases CBT Guidelines

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The Lagos State Government, through the Ministry of Basic and Secondary Education and the Lagos State Examinations Board, has released the timetable and guidelines for the 2026 Public Service Examinations.

In a statement by the Lagos State Government, the announcement, which aligns with a prior circular from the Head of Service with Ref No: CIR/HOS/’26/005 dated January 21, 2026, sets out key instructions for candidates preparing for the exercise.

The examinations will hold between Tuesday, May 12 and Tuesday, May 19, 2026, at the Lagos State Public Service Staff Development Centre (PSSDC), Magodo, Lagos.

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They include the Compulsory Examination for all cadres in the State Public Service, the Combined Confirmation/Promotion Examination for Clerical Officers II (CO II) and Clerical Assistants (CA), as well as the External Secretarial Examination.

READ ALSO:Lagos Begins 2026 Civil Service Promotions

According to the board, candidates are expected to begin printing their examination slips from Tuesday, May 5, 2026, through the official portal using their registration login details.

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The slip will contain key information such as each candidate’s exam date and time.

“All candidates are required to present valid identification at the examination centre. Acceptable forms of identification include Staff Identity Cards, National Identification Number (NIN) slips, and Lagos State Residents Registration Agency (LASRRA) cards,” the statement said.

Candidates are also required to bring printed copies of their examination slips to the venue and must strictly follow the date and time allocated to them.

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READ ALSO:Why Tinubu Didn’t Attend Project Commissioning In Lagos —Presidency

The board further advised candidates to acquaint themselves with basic computer skills ahead of the exercise, as the examinations will be conducted using a Computer-Based Test, CBT, format.

It also warned that dressing must be formal, adding that inappropriate dressing will not be allowed at the examination centre.

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Candidates were urged to comply fully with all instructions to ensure a smooth and orderly process.

“The Lagos State Examinations Board urges all candidates to comply fully with these guidelines to ensure a smooth and orderly examination process,” the statement added.

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