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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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2027: I Will continue distributing job offers as i did in the past – Goro

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Former member, representing Fagge federal constituency at the House of Representatives, Aminu Suleiman Goro has pledged to continue distributing job offers the way he did during his past times as lawmaker.

Goro, the candidate of National Democratic Congress (NDC) for the Fagge federal constituency in the 2027 elections, made the pledge in an interview with newsmen in Kano on Wednesday.

According to Goro, who was the Chairman, House Committee on Tertiary Institutions during his time at the green chamber, he had distributed a lot of job offers to the youths in his constituency as part of his drive to human development.

Fondly called “Mai Gonar Offer”, literally means the owner of farm that produces job offers, added that that he would continue provide a lot of job opportunities toll youths at his constituency, as he had already begun exploring ways in that regard.

“As called ” Mai Gonar Offer”, i have already begun exploring hectares of land to cultivate job offers. This is something i am known for.

” I will continue from where i stopped many of those that secured federal jobs through me have attained the level of Director as their respective places of work. We will continue to build more people because that is the ideology of Kwankwasiyya,” Goro stated.

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He expressed gratitude to the leader of the Kwankwasiyya movement, Rabiu Musa Kwankwaso, reaffirming his loyalty to the former governor of Kano state.

I thank Almighty Allah for giving me another opportunity under the leadership of Senator Rabiu Musa Kwankwaso. I also appreciate all his associates and supporters for their confidence in me,” he said.

Reacting to rumours that he could betray Kwankwaso if elected into office, the former lawmaker dismissed the claims as baseless, saying he decided to join Kwankwasiyya when its leader lost a government from the defection of governor Abba Kabir Yusuf to the All Progressives Congress, APC.

“That is not true. We supported Kwankwaso even when he was not in government. Our loyalty is not because of political office or power. We joined him because we believe in his leadership and ideology. If it is for political interest, i would have rejoined with Kwankwaso at the inception of administration of governor Abba Kabir Yusuf,” he said.

Goro assured the constituents of Fagge that his political camp would not only revive its past achievements but would also improve on them while defending the interests of the local government, Kano State, and the Kwankwasiyya ideology.

“By the grace of Allah, we will not only restore what we were known for, but we will also improve on it. We will continue to protect the interests of our people and the Kwankwasiyya movement, which is a movement for the common man,” he stated.

According to him, the Kwankwasiyya movement is rooted in Kano’s political history and inspired by the late Aminu Kano, whom he described as the ideological foundation of the movement.

“This ideology was inherited from Kano State. From Kano came leaders like Malam Aminu Kano, and in this generation, Senator Rabiu Musa Kwankwaso represents that same political philosophy,” Goro added.

Goro also expressed optimism that the NDC would win elections at all levels in 2027, attributing the success to the party’s ideology and manifesto.

“We are united in Kano and fully committed to supporting Kwankwaso politically. By Allah’s grace, the NDC will form government from top to bottom,” he said.

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Eid Al-Adha Felicitations-Prof Muhammad Abbas

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From Professor Muhammad Adamu Abbas
Director General, Kano State Centre for Disease Control (KNCDC)

To:
His Excellency, Alhaji Abba Kabir Yusuf
Executive Governor of Kano State and the Good People of Kano State

Assalamu Alaikum Warahmatullahi Wabarakatuh

On this blessed occasion of Eid Al-Adha, I extend my warmest felicitations to Your Excellency, the Executive Governor of Kano State, Alhaji Abba Kabir Yusuf, and to the entire people of Kano State.

Eid Al-Adha reminds us of sacrifice, obedience, and compassion for humanity. As we celebrate, I pray that Allah (SWT) accepts our sacrifices, grants us peace, good health, and strengthens the bonds of unity across Kano State.

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Your Excellency, I commend your unwavering commitment and readiness to support disease prevention, early detection, and rapid response in Kano State. Your leadership has created the enabling environment for public health institutions to thrive and serve the people effectively. The people of Kano are fortunate to have a Governor who places health security and the wellbeing of citizens at the heart of governance.

Under the guidance of the Honorable Commissioner for Health, Dr. Abubakar Labaran Yusuf, the Kano State Centre for Disease Control, KNCDC, remains fully committed to its mandate. I assure Your Excellency and the good people of Kano State that KNCDC stands ready, with the continued support of Your Excellency and the strategic direction of the Honorable Commissioner, to prevent, detect, and respond promptly to all epidemic-prone diseases in the state.

May this Eid bring joy to every home, healing to the sick, and renewed strength to our collective efforts in building a healthier and safer Kano.

Eid Mubarak!
May Allah bless Kano State and Nigeria with peace, prosperity, and good health.

Signed,
Prof. Muhammad Adamu Abbas
Director General
Kano State Centre for Disease Control, KNCDC

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Atiku Wins ADC Presidential Primaries in Kano

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By Abbas Yushau Yusuf

Former Vice President Atiku Abubakar has emerged victorious in the presidential primaries of the African Democratic Congress (ADC) held in Kano State, securing an overwhelming majority of votes cast across the state’s 484 wards.

Announcing the results in Kano on Tuesday, Dr. John Ayuba, a representative of the ADC national headquarters, declared that Atiku polled 155,995 votes to defeat his closest rivals in the keenly contested exercise.

According to the official figures released at the end of the collation process:

Atiku Abubakar — 155,995 votes

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Rotimi Amaechi — 15,914 votes

Mohammed Hayatu-Deen — 9,994 votes

Dr. Ayuba stated that the primary election was conducted peacefully across all the 484 wards in Kano State, with party officials and delegates participating in the democratic process.

Speaking shortly after the announcement, he said the outcome of the Kano exercise would now be transmitted to the ADC national leadership for final collation and ratification.

“The election was conducted in the 484 wards of Kano State. We are going to forward the results to the national headquarters, and from there we will know who becomes the presidential flagbearer of the party,” he said.

 

The outcome further strengthens Atiku’s influence within the party structure in Kano, one of Nigeria’s most politically significant states with a large voting population.

Political observers say the margin of victory recorded by the former vice president reflects his strong grassroots support and established political network in northern Nigeria ahead of the next general election.

Supporters of Atiku who gathered at the venue of the announcement celebrated the victory, describing it as a sign of confidence in his leadership experience and national appeal.

Meanwhile, party officials urged members to remain united after the exercise and work towards strengthening the ADC ahead of the presidential election.

The ADC national headquarters is expected to compile results from other states before making an official declaration on the party’s presidential candidate.

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