On July 22, 2025, the Nigerian Senate approved an additional $21 billion, €2.2 billion, ¥15 billion of external borrowing for the 2025–2026 fiscal cycle. It also approved a N750.98 billion domestic bond issuance and a €65 65million grant. With an already existing public debt of about N149.39 trillion as at the first quarter of 2025, adding the approved loans of about N37.2 trillion) brings our current total debt to about N187 trillion with concerns that our debt might likely be over N200 trillion by the end of 2025.
As our GDP before rebasing was about N269.2 trillion (about $180 billion), the government has borrowed the equivalent of nearly 70% of our previous GDP. Even after the rebasing, which pushed our GDP to about N372.8 trillion (about $243. 7billion), the government would have borrowed about 50.16 % of the new GDP (with the approved loans), the highest debt-to-GDP ratio in our history as a nation.
While the year-on-year increase is about N27.72 trillion and the quarter-on-quarter increase is about N4.72 trillion, we are accumulating very exponential levels of unsustainable debt with little or nothing to show for it in critical areas such as education, healthcare, electricity generation, security of lives and property, and pulling people out of poverty.
We still rank low in all major human development indicators. While education is underfunded and standard in continuous decline, healthcare remains inaccessible to millions of Nigerians particularly the poor. Security of lives and property has deteriorated with over 10,217 people killed and 672 villages sacked between May 29th 2023, and May 29th 2025, even when security spending has significantly increased from N2.98 trillion in 2023 to N4.91 trillion in 2025. Infrastructure decay persists across the country, with about 135,000km of our 195,000km of roads remaining unpaved, largely unmotorable, and unusable. It is the same depressing situation in almost all sectors of the economy, with the power sector an unquestionable example, with less than 5,000 MW supplied for over 200 million Nigerians.
Today, over two years after the present government took over and with all the humongous borrowing, we are still confronted with negative reports of worsening poverty with about 133 million (63%) Nigerians classified as multi-dimensionally poor, increasing unemployment and disheartening news like 652 children dead as the malnutrition crisis worsens in Northern Nigeria.
Médecins Sans Frontières (MSF), also known as Doctors Without Borders, has just sounded the alarm over an escalating malnutrition crisis in Northern Nigeria, with Katsina State emerging as one of the worst-hit areas.
This is a country blessed with enormous resources, yet nobody should go to bed hungry. Still, a persistent deficiency in leadership has thrown the majority of our citizens into increasing multi-dimensional poverty.
Borrowing is not inherently bad if it is sustainable and tied to productive investments with measurable outcomes. Unfortunately, this current pattern of borrowing without accountability, without transparency, and without transformational impact is simply mortgaging the future of our children. The government should consider the inter-generational consequences of their unsustainable borrowings and show at least a minimum consideration and interest in future of young and unborn Nigerians.
We must return to a disciplined and prudent economic management culture, cutting the cost of governance, blocking leakages, investing in human capital, and building a productive economy. Nigeria cannot continue to borrow recklessly while poverty deepens and public trust erodes.
It is time to stop this fiscal indiscipline. We must build a New Nigeria, where leadership is responsible, development is people-centred, and every kobo borrowed or spent delivers a measurable impact to achieve sustainable and inclusive development and growth.
A new Nigeria is POssible.
-PO
“People still think they are voting for me Peter Obi. But no. If you think you’re voting for Peter Obi, then Peter Obi will defend your vote. But if you understand that you’re voting for yourself and your future, then you will defend your vote.” ~~ HE Peter Obi.
The Obidient Movement has observed with deep concern a circulating video in which the Governor of Edo State, Monday Okpebhola, Allegedly warns His Excellency @PeterObi never to set foot in Edo State again without pre-informing him.
Atiku knows very well that Obidients won’t support him as ADC presidential candidate. It will be very honorable for him to do away with his incessant quest to contest for President & support PO who we all know will positively & remarkably change Nigeria
NIGERIA NEEDS PO URGENTLY
Look for the revised edition of the NYSC Bye Laws. You can download the extant Bye Laws on the NYSC website.
What someone posted under the comment section of your post should be from the outdated edition.
You people are defending madness in the name of supporting a terrible regime.
First, corps members are not civil servants or public servants. Section 2 of the NYSC Act states that every eligible Nigerian shall be called-up to serve for a continuous period of one year national service. It is National Service, not federal or civil service.
The NYSC is an agency of the Federal Government, but corps members are not employees of the federal government or staff of the NYSC. Corps members are not employed or recruited into the NYSC.
Second, the Certificate that is issued to corps members on completion of their National Service as prescribed in Section 11 of the NYSC Act is called Certificate of National Service, not certificate of employment. Corps members are not issued employment letters by the Federal or State Governments.
Third, every employee under the law (including the Labour Act, Employees Compensation Act, etc.) is entitled to be paid salary. That is the legal consideration for the services rendered.
Corps members are not paid salaries by the government (Federal and State). They are only paid paltry sums as allowances. Some States do not even pay allowances to corps members.
Fourth, the term employer as used in the NYSC Act is used loosely in relation to the Place of Primary Assignment where the corps member is posted to. Employers under the NYSC Bye Laws are only required to issue Letters of Acceptance to corps members posted to them, not letters of employment.
Fifth, there is nothing in the objectives of the Corps or scheme as enumerated in Section 1 of the NYSC Act that remotely supports the view that corps members are employees in the legal sense.
The NYSC was established by the military as a fallout of the civil war to promote national unity and interrelationship among Nigerians of different ethnic backgrounds.
Sixth, there is no provision in the NYSC Act that subjects corps members to civil service Rules.
Criticizing the President or the government is not an offence under the NYSC Act (See Section 13). It is also not an offence under the NYSC Bye Laws (See Section 4 of the Revised Bye Laws, 2011).
Seventh, I have watched all the videos of this lady that are being debated. There is nothing slightly partisan in her comments.
She merely expressed her justified frustrations with the state of affairs in the country, particularly the impact of the scourging inflation on her and other Nigerians. That is within her constitutional right to freedom of expression as guaranteed by Section 39 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).
I am in contact with the lady, we will ensure that her rights are protected if the need arises.
By the way, I entirely agree with her view that Tinubu is a TERRIBLE President.
I have attached some relevant Section of the NYSC Act on the objectives of the scheme and the provisions of the current Bye Laws relating to offences and penalties.
Brethren, behold your first ever BCS MOST INNOVATIVE BETHEL CHOIR CHAIRMAN OF THE YEAR 2024. It's a rare privilege.
Bishop Nyikke Cletus Nkanga a.k.a Minister of Happiness (MOH)
I just learned of the arrest of @DeleFarotimi, a respected human rights lawyer and advocate, over an allegation of defamation.
This action is a gross misuse of police powers and a grave assault on the principles of democracy and justice in Nigeria.
I condemn this action in totality. It represents not only an attempt to intimidate opposing voices from questioning authority .
It is also a worrying signal to every Nigerian who loves and values freedom of expression and dares to demand accountability and transparency.
The Nigeria Police Force exists to protect the rights of citizens, not to suppress them.
Defamation, by its nature, is a civil matter that should be addressed in court through due legal process in line with the dictates of the rule of law in a democracy.
As a private citizen, former governor, and even today, I am frequently defamed, insulted, and lied about and against. Yet, I have never resorted to using the Nigerian police or filing reports to silence others.
Those who feel otherwise should seek redress through the proper legal channels, not by weaponizing the police or abusing their access to authority or state power.
The resort to police action, in this case, reeks of abuse of power and raises serious concerns about the independence and professionalism of the police as a civil force.
I hereby request that Dele Farotimi should be released immediately and unconditionally. The police must recognize that their allegiance is to the Constitution and the people of Nigeria, not to narrow interests at the behest of those in power.
A new more Just and fair Nigeria is possible!
-PO
Isaac Tamunobiefiri Bristol (99% Oppressed @PIDOMNIGERIA) is one of us. He is all of us.
Engr. Khalid @KHALYD16 is one of us. He is all of us.
#Dadiyata is one of us. He is all of us.
#EndSARS protesters are one of us. They are all of us.
#EndBadGovernanceInNigeria protesters are one of us. They are all of us.
Today, they're either missing or locked up for speaking up.
The difference between them and us is time. Who is next? You or I? Only time will tell.
#DontPoliceMySpeech
#FREEPIDOMNIGERIANOW
#FreeEngrKhalid
#WhereIsDadiyata
#FreeEndSARSProtesters
#FreeEndBadGovernanceProtesters
Kudirat Kekere-Ekun, Denied US Visa Over Judicial Corruption in 2020, Becomes Chief Justice of Nigeria
Justice Kudirat Kekere-Ekun, who was denied entry to the U.S.
https://t.co/iX4cPQWXfG