The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the total public debts of Nigeria would hit N38trn by December 2021. The Minister stated this on Tuesday, in her presentation to the Senate Committee on Local and Foreign Debts. The Minister said, ”The total public debt stock comprising the External and Homes debts of the Federal and state governments and the Federal Capital Territory stood at N31.01trn (USD85.90 billion) as at June 30, 2020. “It is projected, based on existing approval, to rise to N32.51 trillion by December 31, 2020 and N38.68 trillion by December 31,2021.” She attributed reasons for numerous abandoned road projects across the country to poor funds releases occasioned by dwindling revenue. She explained that the current Sukuk fund is N162bn for...
President Muhammadu Buhari has condemned the ambush on entourage of Gov. Babagana Zulum of Borno, which led to the death of security men and some operatives of Civilian-JTF. The President made the condemnation in a statement by his Senior Special Assistant on Media and Publicity, Malam Garba Shehu, in Abuja on Saturday. He described the attack, on Maiduguri-Baga route, as an orchestrated sabotage against long planned return of displaced persons to their local communities. Buhari noted, with deep sympathy, the loss of lives of security men on the convoy, ahead of the return of Internally Displaced Persons (IDPs), commiserating with their families and loved ones. The president advised the government of Borno, working with security and intelligence agencies, to remain firm in their determinat...
Chairman of Edo State Peoples Democratic Party (PDP) Campaign Council, Chief Dan Orbih, has urged voters in the state not to be deceived by the litany of lies and propaganda of the All Progressives Congress (APC) and its candidate, Osagie Ize-Iyamu ahead of the September 19, 2020, gubernatorial election, saying that the APC candidate’s ‘Simple Agenda’ manifesto can’t solve the huge problems created by former Governor Adams Oshiomhole. Orbih who spoke to the party’s faithful in wards 3, 4, 7 and 10, in Esan West Local Government Area of the state weekend, said the forthcoming election was not just about Obaseki but the future, progress and development of Edo State. He appealed to the people to cast their votes en-masse for Governor Godwin Obaseki and his deputy, Comrade Philip Shaibu, to fu...