- Nigeria piles up N2.36tn debt stock in three months
Nigeria’s total public debt stock rose from N33.11tn as of March 31, 2021, to N35.47tn as of June 30, 2021. This shows an increase of N2.36tn or a 7.13 percent increase within the three-month period.
The Director-General of the Debt Management Office, Patience Oniha, provided a breakdown of the public debt stock for the second quarter of 2021 during a virtual media presentation on Wednesday. The total external debt stock rose from N12.47tn as of March 31 to N13.71tn as of June 30, indicating an increase of N1.24tn or 9.94 percent.
The total domestic debt stock rose from N20.64tn as of March 31 to N21.75tn as of June 30, indicating an increase of N1.11tn or 5.38 percent.
National Assembly defends Buhari’s $4.9bn loan plan, APC, PDP clash over debt
The Senate on Wednesday justified the President, Major General Muhammadu Buhari (retd.)’s plan to obtain $4.054bn and €710m ($$839m) loans.
The Chairman of the Senate Committee on Media and Public Affairs, Senator Ajibola Basiru, who stated this in an interview with one of our correspondents in Abuja, said there was no country that does not engage in deficit financing.
Basiru said this as the Director-General of the Debt Management Office, Patience Oniha while giving a breakdown of the public debt stock for the second quarter of 2021 during a virtual media presentation on Wednesday, said Nigeria’s total public debt stock rose from N33.11tn as of March 31, 2021, to N35.47tn as of June 30, 2021.
- Abiodun eyes FG’s N83.5bn loan for Ogun cargo airport, others
Ogun State Governor, Dapo Abiodun, on Wednesday, said the state is seeking N83.5bn loan for the construction of its agro cargo airport. The agro cargo airport initiated by former governor Gbenga Daniel is located in Iperu in the Ikenne local government area of the state.
The project became controversial following the disagreement between Abiodun and his predecessor, Ibikunle Amosun, over the ongoing construction of a passenger airport at Waeimi in the Ewekoro Local Government Area of the state. Speaking on his plan for the agro cargo airport, Abiodun said his administration eyes the loan from the 1.68 percent of Natural Resources Fund overseen RMAFC.
- Gunmen invade farmhouse, kidnap businessman, shoot passerby
Gunmen have kidnapped a livestock farmer, Jide Lawal, at his farmhouse around Agohun community, Emoren-Imota, a boundary area between Lagos and Ogun states.
PUNCH Metro gathered that Lawal went to monitor his farm on Wednesday when the armed men waylaid him at the front gate.
The businessman was said to be waiting for his guard to open the gate when the assailants took advantage of the situation to block him. At gunpoint, the bandits reportedly demanded he surrenders himself.
- Ondo now borrows to pay Wages, says Akeredolu
Ondo State Governor Oluwarotimi Akeredolu has said that he reviewed his earlier stance on not to borrow to pay salaries because he could not allow workers to be seen as suffering due to no fault of his administration.
The governor in January began payment of percentage salary because allocation from the federation account for December 2020 was N2.3billion, after the deductions of government obligations, whereas total gross salary (net + deductions) payable to all categories of workers summed up to N5.21billion.
Payment of percentage salary made doctors in the government employ embark on an indefinite strike.
- Nigerian airstrike kills 10 Chibok girls during the rescue operation, new book claims
A Nigerian military airstrike at Sambisa Forest, Borno State killed about 10 Chibok schoolgirls, according to a new book.
The book – Bring Back Our Girls: The Untold Story of the Global Search for Nigeria’s Missing Schoolgirls – written by Joe Parkinson and Drew Hinshaw was published in March 2021.
Drew Hinshaw was a correspondent for Wall Street Journal in West Africa. He now covers Europe. Joe Parkinson is currently the Africa Bureau Chief for Wall Street Journal.
- Jonathan yet to join APC, Nabena insists