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Nigeria Records Highest Debt-to-GDP Ratio in History Amid Alarming Borrowing Surge-Obi

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Labour party 2023 presidential candidate Peter Obi

 

Former Labour Party presidential candidate Peter Obi has voiced strong concerns over Nigeria’s escalating public debt, following recent approvals by the National Assembly for massive external loans and domestic bond issuances. Obi made this known on his verified Facebook page in a detailed post addressing the fiscal implications and the broader socio-economic effects of Nigeria’s borrowing practices.

Senate Approves Massive Loans for 2025–2026 Fiscal Year
On July 22, 2025, the Nigerian Senate approved an additional $21 billion, €2.2 billion, and ¥15 billion in external borrowings for the 2025–2026 fiscal cycle. It also greenlit a N750.98 billion domestic bond issuance and a €65 million grant. According to Obi, with the nation’s public debt already at N149.39 trillion in Q1 2025, the new borrowings will spike the total debt to approximately N187 trillion, with projections suggesting it could exceed N200 trillion by year-end. (Source: Peter Obi, via Facebook post)

Nigeria’s Debt-to-GDP Ratio Hits Historic High

Obi highlighted that before the GDP rebasing, which placed the nation’s GDP at N269.2 trillion (roughly $180 billion), the total borrowing represented nearly 70% of the GDP. Even after the rebasing to N372.8 trillion (around $243.7 billion), the debt-to-GDP ratio remains at a staggering 50.16%—the highest in Nigeria’s history. (Source: Peter Obi)

Public Debt Soars With Little Tangible Impact

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Despite a year-on-year debt increase of N27.72 trillion and a quarter-on-quarter spike of N4.72 trillion, Obi lamented the lack of significant improvements in critical sectors. He pointed to stagnation in education, healthcare, electricity generation, and national security.

Human Development Indicators Still Alarmingly Low

Obi decried Nigeria’s poor rankings across major development indicators. Education funding continues to decline, healthcare remains out of reach for millions, and security has worsened. He cited figures of 10,217 lives lost and 672 villages destroyed between May 2023 and May 2025, despite increased security spending from N2.98 trillion in 2023 to N4.91 trillion in 2025. Infrastructure is similarly affected, with 135,000km of the country’s 195,000km road network remaining unusable.

Soaring Poverty and Child Deaths Amid Government Inaction

Over two years into the current administration, Obi noted that poverty continues to deepen. Approximately 133 million Nigerians are considered multi-dimensionally poor, while 652 children have died due to worsening malnutrition in the north. These statistics were compounded by a recent alert from Médecins Sans Frontières (MSF), flagging Katsina as one of the hardest-hit areas. (Source: Peter Obi / MSF)

Leadership Failures Highlighted in Debt Management

Obi criticized the government’s lack of transparency and accountability in managing borrowed funds. He argued that the absence of impactful investment and policy direction has led to generational consequences for Nigeria’s youth. (Source: Peter Obi)

Call for Economic Discipline and Inclusive Growth

The former candidate advocated a return to disciplined and prudent economic policies. He urged leaders to cut governance costs, block financial leakages, and invest in human capital to build a truly productive economy.

Vision for a New Nigeria
In closing, Obi called for responsible leadership and people-centered development. He emphasized that every borrowed kobo must be tied to measurable impacts that foster sustainable growth. Echoing his signature campaign message, he concluded: “A new Nigeria is Possible.”

 

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Terrorist Logistics Suppliers Apprehended in Borno

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By Yusuf Danjuma Yunusa

 

Troops of Operation Hadin Kai, OPHK, have apprehended 18 suspected logistics suppliers allegedly enroute Gubio, with plans to proceed to the Gudumbali axis, a known Boko Haram terrorists, BHTs, enclave.

Troops of Operation Hadin Kai, OPHK, have apprehended 18 suspected logistics suppliers allegedly enroute Gubio, with plans to proceed to the Gudumbali axis, a known Boko Haram terrorists, BHTs, enclave.

This is contained in a daily operational report made available to the News Agency of Nigeria on Wednesday.

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The military said the suspects were intercepted while travelling towards the location to deliver the goods to the terrorists.

According to the report, preliminary investigation revealed that all 18 suspects confessed to engaging in the supply of goods to the terrorist group.

“They admitted that they routinely purchase and convey items to the terrorists.

“Their justification was lack of employment, which points to a deeper socio-economic challenge in Maiduguri and its environs,” the army said.

The development, according to the reportt, validates recent remarks by the Chief of Defence Staff on the link between economic hardship and the sustenance of insurgency logistics networks.

“The arrest highlights the critical role of civilian collaborators in sustaining terrorist operations, particularly in remote areas such as Gubio and Gudumbali,” it added.

The army called for a comprehensive approach combining military operations with economic empowerment and job creation to address the root causes of insurgency in the region.

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Kano Gov’t  Offers Study Scholarship to SWAN Members

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By Abdulgafar Oladimeji

Kano state government has  facilitated and supported   members of the Sports Writers Association of Nigeria, SWAN Kano chapter  to proceed to pursue professional certification courses  in sports journalism, our correspondent reports .

The Special  Adviser , youths and sports to Kano state governor, Sani Musa Danja, disclosed that the offer covers their tuition fees.

He said ,   the beneficiaries  have been identified and their enrolment process have been completed.

According to him,  through interactions with stakeholders , the decision was reached for  some sports writers, who  are faced with the challenge of acquiring the required professional qualification to practice their trade should be given support to fill the gap.

said, findings have revealed that , for Kano sports writers to compete favorably there exists the urgent need to empower members of the association  to acquire certain requisite qualification to enable them feature amongst the best in Nigeria and beyond.

Danja speaking, when he hosted SWAN members in his  office , located within the premises of Kano state Library Complex, along Ahmadu Bello Way said that  the state government, under Abba Kabir Yusuf ,  on discovering this major   challenge , acted swiftly to address the lapses, by offering  to sponsor 10 SWAN  members to pursue professional diploma in Sports Journalism at El Roi London University.

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In his word  “ we give thanks to almighty Allah for his mercies, I want to thank our mentor and leader, his excellency governor, Abba Kabiru Yusuf , who made this possible.

“his excellency takes the issue of empowering our people very seriously, the challenge facing our sports journalists is principally the issue of professional certification, some of our sports journalists have their degrees in other fields, but we are aware that, they also require to obtain certain  minimum qualification in journalism or other related fields to help them to excel .

“in line with the policy of the government of his excellency, we have moved in to make sure , these sons and daughter of Kano overcome  this hinderance that may hinder their professional progress.

“the sports media is the back bone of sports development and sports promotion, our government is focused and committed to  support and reshape the sports media to achieve the set out goal to empower Kano youths through sports.

“the mission  of his excellency through this gesture is   to empower our professional sports journalists and give them the required qualification to continue with their pursuit to upward steadily representation of  Kano state in that sector.

 

Danja hinted that,  Kano state government remains unrepentant  in its  upward investment drive to create a generation  of professionals that  would keep the state afloat on the terrain of quality and abundance human resources.

Reacting, chairman SWAN Kano chapter, comrade Zahradeen Saleh thanked the state government for the support.

He said, the scholarship offer is an major step towards uplifting the practice of sports journalism in the state.

He said the dividends of sports could only  accrue with the effective operations of the sporting press through the training and re-training of sports writers.

He admitted that, acquiring the requisite qualification to practice  sports journalism has been one of the major challenges confronting members of the association.

“ our members  who are the beneficiaries of this offer are  youths, on completion of the professional course, they will have stable professional growth and  would be better equipped to contribute their quota to the development of the state.” Zahradeen said .

 

 

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Obi Raises Alarm Over Arrest of Cleric Who Hosted Him in Kaduna

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By Yusuf Danjuma Yunusa

Peter Obi, the Labour Party’s 2023 presidential candidate, has condemned the arrest of a Muslim cleric who hosted him over the weekend, describing the incident as a sign of deepening threats to civil liberties in Nigeria.

In a statement shared on his X (formerly Twitter) account on Tuesday, Obi said he was notified that Sheikh Ahmad Tijjani Umar was taken into custody by security operatives shortly after their meeting in Kaduna on Sunday.

“This development underscores the deeply troubling state of our nation and our democracy, where freedom of speech and movement is increasingly threatened, and where citizens and perceived political opponents face harassment and unnecessary persecution,” Obi wrote.

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The former Anambra governor warned that such actions risk eroding Nigeria’s democratic foundations if left unchecked. He urged authorities to uphold the rule of law and refrain from tactics that intimidate dissent.

“This country must defend freedom and free speech, which are the hallmarks of every democratic society. Suppression and intimidation of dissent can never stand in a democratic society, and this Nigerian government must understand this fact,” he added.

Obi called on those “bent on undermining our already fragile democracy” to desist and adhere to democratic principles in dealing with citizens.

As of Tuesday morning, security agencies had not issued an official statement regarding the cleric’s arrest or the circumstances leading to it. Sheikh Umar, a respected religious figure in Kaduna, has not been publicly charged.

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