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Politics › Re: Chant Of "Ole" As Tinubu's Convoy Drive Pass Airport (Video, Photos) by Ofunaofu: 10:01pm On Sep 30
He has stolen so much from the people of Lagos state for over two decades and counting
Politics › Re: Trending Video Of NDC Ward Meeting In Kano That Has Got People Asking Questions by Ofunaofu: 9:17pm On Sep 30
Tata boys are now churning out senseless threads because, after three and a half years, they’ve run out of anything meaningful to campaign with. When the record is this empty, I guess you have to manufacture a Peter Obi thread.
Politics › Re: Picture: What Is Going On Here: OK or KO by Ofunaofu: 9:16pm On Sep 30
Tata boys are now churning out senseless threads because, after three and a half years, they’ve run out of anything meaningful to campaign with. When the record is this empty, I guess you have to manufacture a Peter Obi thread.
Politics › Re: Workers To Begin Strike Friday If FG Fails To Cut Petrol Price To ₦500 by Ofunaofu: 4:36pm On Sep 30
The people at the helm today are hypocrites.

The same people who said Jonathan must go when fuel was N97 per litre are today telling you that Tinubu is “transforming the economy and implementing bold reforms while fuel is around N1,500 per litre, with the attendant high transportation costs, rising cost of living, and reduced purchasing power.

Apparently, what was unacceptable at N97 is now reform at N1,500.

Politics › Re: 2023 Elections: Imo Result Sheets Photographed Hours Before Voting Began - Mundx by Ofunaofu: 2:24pm On Sep 30
FSBoperator:
Didn't your Giringori win Imo by a massive landslide ?

Then that is proof that there was massive rigging across the SE.
The news said Ikeduru/Mbaitoli Federal Constituency, but here you are, a notorious wanderer, jumping from thread to thread with absolute compression problem, dragging Peter Obi into conversations that have nothing whatsoever to do with him
Politics › Re: France Trip: Tinubu Has Set Bad Precedent, NASS Big Rubber Stamp – Rufai Oseni by Ofunaofu: 12:51pm On Sep 30
The Tinubu presidency is a bad precedent
Politics › Re: Nigerians Will Be SHOCKED By Projects We've Completed Nationwide - FG by Ofunaofu: 12:27pm On Sep 30
Truly, Nigerians are shocked, not by any infrastructure, because there’s none to be shocked by, but by the level of incompetence and unprecedented drift: worsening insecurity, high inflation, soaring fuel prices, hunger, and deaths that Tinubu’s draconian policies, masquerading as economic reforms, have inflicted on them.
Politics › Re: Makinde Is Clueless, An Embarrassment To Oyo State - Alli Campaign Organisation by Ofunaofu: 12:16pm On Sep 30
Oyo people shouldn't make the mistake of voting those Lapping themselves
Politics › Re: Atiku Demands Release Of Five Nigerians Arrested Over ‘tinubu Must Go’ T-shirts by Ofunaofu: 11:34am On Sep 30
Obiedun:
That is story. If you yourself fail to behave well, we will jail you and nothing go happen. There's a limit to everything even your rights.
Behave well is how governments turn rightful dissent into disobedience.

Yes, rights have limits, but who decides what bad behaviour is? If “Jonathan must go” was legitimate political expression yesterday, why is “Tinubu must go” an offence today?

Democracy isn’t the freedom to speak only when government approves.

And remember: the government you defend today may one day make you its victim. When that happens, don’t assume the same machinery you applauded for silencing others will come to your rescue.

Defend rights as principles, not privileges.

Otherwise, it isn’t democracy
Politics › Re: Atiku Demands Release Of Five Nigerians Arrested Over ‘tinubu Must Go’ T-shirts by Ofunaofu: 11:07am On Sep 30
We were told he fought for democracy.

Now, under him, apparently, democracy comes with handcuffs.

The same people who weren’t arrested when they shouted “Jonathan must go” are now arresting people for saying “Tinubu must go.”

So much for the struggle for democracy. It seems the freedom to protest expired the moment they grabbed it snatch it and run away with power

A NADECO wannabe, indeed.
Politics › Re: I Enjoyed Myself, Rumors Will Always Emanate Says Tinubu After Returning(vid) by Ofunaofu: 9:49am On Sep 30
TopBanter:
Both are not compatible? What do you believe "working vacation" means? Perhaps you should google it.
Topbanter abeg relax. Nobody said “working vacation” is an oxymoron. We all understand the phrase.

The point is, if Bayo Onanuga says it was a “working vacation,” while the man himself says he went to enjoy himself, I’m allowed to point out the contradiction without needing a lecture on Google definitions.

But the venom with which you rushed to defend the phrase is impressive. At this point, you must either be Bayo Onanuga himself or one of the tata boys on duty.
Politics › Re: I Enjoyed Myself, Rumors Will Always Emanate Says Tinubu After Returning(vid) by Ofunaofu: 9:35am On Sep 30
He said he went to enjoy himself but Bayo Onanuga and the tata boys said he is on working vacation
Politics › Re: Abdulsalami Abubakar Used In Indian Hospital Advert by Ofunaofu: 8:51am On Sep 30
Soon Tinubu will be used in a french hospital advert video

And tata boys will hail him
Politics › Re: Crowd As Tinubu's Return To Lagos Caused Hours-Long Traffic Jams (Video) by Ofunaofu: 9:18pm On Sep 29
Hired crowd?

We don’t want to hear stories about hired individuals not being paid in full.
Politics › Re: Mike Arnold: Tinubu Still In France Despite Report Of His Return. by Ofunaofu: 7:40pm On Sep 29
FSBoperator:
The only reason you are on this thread is to plan obituary .

The only place someone will drink corpse water this year is in your household.
Imagine being asked whether you’re wishing your president death and responding with an entire obituary and funeral speech. You really told on yourself
Politics › Re: Mike Arnold: Tinubu Still In France Despite Report Of His Return. by Ofunaofu: 7:32pm On Sep 29
FSBoperator:
Have you come back from his burial ?
Are you wishing your president death or something?
Politics › Re: President Bola Tinubu Arrives In Lagos After Vacation in Europe by Ofunaofu: 7:24pm On Sep 29
The video didn't show anything
Politics › Re: Mike Arnold: Tinubu Still In France Despite Report Of His Return. by Ofunaofu: 7:22pm On Sep 29
FSBoperator:
This temu low budget CIA operative has come again.

Well, he knows the audience and followers that engage him on his SM handles.
When is Tinubu coming back
Politics › Re: Favour Pour Water For My Head O, If Tinubu Win 2027 I Go Run Leave Ona Man Warn by Ofunaofu: 2:37pm On Sep 29
It might sound funny, but that’s the reality.

Tinubu continuing to stay in office as president of this country is a threat to the survival of ordinary Nigerians.

Tinubu is a weapon fashioned against the survival of ordinary Nigerians
Politics › Gombe 2027: Wike-backed PDP Clears Pantami, 2 Others For Fresh Primary Today by Ofunaofu(op): 8:38am On Sep 29
Gombe 2027: Wike-Backed PDP Clears Pantami, 2 Others for Fresh Primary Today

The Nyesom Wike-backed faction of the Peoples Democratic Party (PDP) in Gombe State will conduct its fresh governorship primary today, Tuesday, September 29, with former Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami, among the three aspirants cleared to participate.

The other two aspirants are Usman Aliyu Garry and Khamisu Ahmed Mailantarki.

The exercise follows a September 24 judgment of the Federal High Court in Gombe, which nullified the earlier PDP governorship primary that produced Pantami and directed the party to conduct another primary within 30 days.

The State Publicity Secretary of the faction, Abdulkadir Ahmed Dukku, confirmed on Monday that preparations had been completed for the fresh exercise.

Dukku said the primary would be conducted in accordance with the court judgment and the relevant rules of the party.

“We will conduct the fresh primary in accordance with the judgment of the Federal High Court,” he said.

The party had earlier announced September 29 as the date for the repeat primary and directed eligible members and delegates to assemble at their respective ward areas to participate in the exercise.

The fresh contest has reopened the battle for the PDP governorship ticket in Gombe after Pantami’s earlier emergence was set aside by the court.

Pantami had emerged from the party’s May 26 primary through a voice affirmation after joining the PDP following his withdrawal from the All Progressives Congress (APC) governorship race.

His emergence was subsequently challenged by rival aspirants, including Garry and Mailantarki, who questioned the procedure used by the party to produce him as its candidate.

The Federal High Court, presided over by Justice Amina Aliyu Mohammed, held that the process did not comply with the PDP’s internal regulations and applicable electoral provisions.

The court consequently ordered the party to return to the primary process and conduct a fresh exercise.

However, the court did not grant the request seeking to remove Pantami from the PDP or permanently prevent him from seeking the party’s nomination.

That aspect of the judgment has become a major point of disagreement ahead of today’s exercise.

Garry, who was among those who challenged the earlier primary, has opposed Pantami’s participation in the fresh contest.

Speaking with journalists in Gombe on Monday, Garry said the fresh primary should be limited to aspirants who met the relevant requirements within the stipulated period.

He recalled that a screening committee led by former Kaduna State Governor, Senator Ahmed Makarfi, had screened the party’s governorship aspirants before the earlier primary.

According to Garry, some aspirants were prevented from taking part in the previous exercise, leading to the legal action that eventually resulted in the court-ordered rerun.

He said he and other aspirants had written to the PDP leadership and the Independent National Electoral Commission (INEC), asking that Pantami be prevented from participating in the fresh primary.

Garry’s argument centres on the timing of Pantami’s entry into the PDP.


He maintained that the former minister joined the party after the list of governorship aspirants had already been submitted to INEC.

“Pantami joined the PDP on May 19, and the court also confirmed that. Therefore, his name was not on the list of the party’s aspirants submitted to INEC. He should not be allowed to participate in the fresh primary,” Garry said.


The Federal High Court judgment itself did not permanently disqualify the former minister.

It instead nullified the earlier primary and ordered the PDP to conduct another exercise in compliance with its rules and applicable electoral laws.

Mailantarki, another aspirant who challenged the earlier process, has taken a different position ahead of the fresh contest.

The former member of the House of Representatives called for calm among PDP members and supporters across the state’s 11 local government areas and 114 wards.

He also urged the party leadership to ensure a transparent process and provide equal opportunity for all the aspirants.

Mailantarki said the court judgment had addressed concerns he and others had raised over the previous primary.

“It is a good development and we are going to run in the contest together with him, and so it’s a good development, and we are calling even all our supporters to be calm and to take this in good faith, to abide by whatever comes out of it,” he said.

On the reported appeal against the judgment, Mailantarki said any party member dissatisfied with a court decision was entitled to seek further judicial clarification.

He also urged PDP members to respect the outcome of the fresh primary once it is concluded.

The controversy over Pantami’s eligibility has also coincided with a recent Supreme Court decision concerning provisions of the Electoral Act 2026 relating to party membership registers and candidate nomination procedures.

The apex court restored key provisions dealing with membership registers and nomination processes.

The judgment has generated fresh questions over politicians who changed political parties before seeking nominations for the 2027 elections.

However, reports on the Supreme Court judgment indicate that it did not make a candidate-specific determination disqualifying Pantami from today’s Gombe PDP primary.

The separate Federal High Court judgment in Gombe dealt directly with the process through which Pantami emerged from the earlier PDP primary.

Meanwhile, INEC has confirmed that it will monitor the fresh PDP governorship primary.

The commission’s Public Relations Officer in Gombe, Mohorret Bigun, confirmed that the state office had received communication from the commission’s national headquarters regarding the exercise.

“Yes, we received a letter to that effect from the National Headquarters, the primary elections will hold on Tuesday,” Bigun said
https://politicsnigeria.com/2026/09/29/gombe-2027-wike-backed-pdp-clears-pantami-2-others-for-fresh-primary-today/?utm_source=operamini&utm_medium=feednews&utm_campaign=operamini_feednews

Politics › Re: Tinubu And The Audacious Northern Trajectory by Ofunaofu: 8:33am On Sep 29
You can tell a sponsored post when you see one just by reading the first few lines.

This one fits the description perfectly.
Politics › Re: You're Dubious, Insincere - Nigerians Blast Peter Obi Over Subsidy Somersault by Ofunaofu:
APC and tata Boys Blast!

Not Nigerians.

Let’s get that very clear.

APC and hordes of tata boys will surely blast anyone who promises a credible alternative to the catastrophe Tinubu has inflicted on this country.

APC and their hordes of tata boys blasted Atiku.

Now, they’re blasting Peter Obi.

Their job is to blast.

Ask them to point out what Tinubu has actually done, any achievements, any positives, and suddenly, everyone develops selective amnesia.
Politics › 21-day Absence: Sowore Demands Tinubu’s Impeachment by Ofunaofu(op): 7:05am On Sep 29
Presidential candidate of the African Action Congress (AAC), Omoyele Sowore, has called for the impeachment of President Bola Tinubu over his prolonged absence from Nigeria, arguing that the President cannot continue to govern the country from abroad.

Symfoni reports that he (Sowore) argued that the constitutional provision on presidential absence should be activated if the President stays outside the country beyond 21 days without formally transferring power.

“If he’s not back, then we should be talking about his impeachment tomorrow morning,” Sowore said.

According to him, the Constitution requires the President to formally transmit a declaration to the National Assembly when proceeding on vacation or when unable to discharge the functions of his office.

Sowore rejected the argument that Tinubu could continue performing his presidential duties from abroad, insisting that Nigeria cannot be effectively governed by a President who is outside the country for an extended period.

“I don’t believe that there is any working visitation. You have to be in town to be President of Nigeria,” he said.

The AAC presidential candidate also compared the situation with previous instances of prolonged presidential absence, arguing that Nigeria should not repeat what he described as past mistakes involving former Presidents Umaru Musa Yar’Adua and Muhammadu Buhari.

The Presidency has maintained that Tinubu’s foreign stay was a working visit and that he remained in contact with officials while away from the country.

Sowore, however, insisted that the constitutional provisions governing presidential absence must be followed, saying the Vice-President should assume the necessary presidential functions where the constitutional conditions are met.


https://symfoninews.com/21-day-absence-sowore-demands-tinubus-impeachment/
Politics › Re: Tinubu Dragged To Court Over Refusal To Handover Power To VP Shettima by Ofunaofu(op): 7:17pm On Sep 28
Tinubu is a threat to democracy and rule of law
Politics › Tinubu Dragged To Court Over Refusal To Handover Power To VP Shettima by Ofunaofu(op): 6:40pm On Sep 28
The African Action Congress (AAC) has dragged President Bola Tinubu, the Attorney General of the Federation and other senior government officials before the Federal High Court in Abuja over the President’s failure to transmit power to Vice President Kashim Shettima during his prolonged vacation outside Nigeria.

The suit was filed on Monday, September 28.

It challenges what the party described as President Tinubu’s failure to comply with Section 145(1) of the 1999 Constitution, as amended, which provides for the transmission of written declaration when a President is proceeding on vacation or is otherwise unable to discharge the functions of his office.

The case was filed through an Originating Summons by the AAC National Legal Adviser and Lagos-based human rights lawyer, Inibehe Effiong.

The party is asking the Federal High Court to declare that Tinubu’s alleged failure or refusal to transmit a written declaration to the President of the Senate and the Speaker of the House of Representatives was unlawful and unconstitutional.

According to the AAC, such a declaration would have enabled the National Assembly to pass a resolution authorising Shettima to perform the functions of the office of President as Acting President.


The party is also asking the court to declare that the failure of the National Assembly to pass a resolution enabling Shettima to act as President after Tinubu’s absence exceeded 21 days was unconstitutional.

The suit, marked FHC/ABJ/CS/2353/2026, also seeks an order of perpetual injunction restraining Tinubu and future Nigerian presidents from proceeding on vacation without complying with the constitutional provisions relating to the transfer of presidential powers.

The AAC’s case is contained in a 30-paragraph affidavit deposed to by its National Secretary, Oshiokhue Philip Ikpeminoghena.

In the affidavit, the party stated that Tinubu left Nigeria on August 30, 2026, for a working vacation in Europe and subsequently announced an extension of his stay on September 21.

The AAC questioned the extension and argued that the President’s continued absence created an obligation under the Constitution concerning the transfer of presidential functions.

The party also criticised the role of the National Assembly leadership during the President’s absence.

It stated that Senate President Godswill Akpabio, rather than taking steps the AAC believes were required under the Constitution, announced that he had travelled to the Prayer Ground of St. Padre Pio in San Giovanni Rotondo, Italy, to pray for Nigeria.

Akpabio, the Speaker of the House of Representatives, Tajudeen Abbas, the National Assembly and Attorney General of the Federation, Lateef Fagbemi, SAN, were joined as defendants in the case alongside President Tinubu.

The party’s 2027 presidential candidate, Omoyele Sowore, was also present at the Federal High Court to witness the filing of the suit.

The legal challenge comes shortly after Vice President Shettima returned to Nigeria from New York, where he represented President Tinubu at the 81st Session of the United Nations General Assembly.

Shettima had departed Nigeria on September 20 on Tinubu’s mandate to lead the Nigerian delegation to the annual gathering of world leaders.

During the UN General Assembly, the Vice President delivered Nigeria’s national statement and presented the administration’s position on issues including reform of the United Nations Security Council, development financing, climate support, regional integration and global economic cooperation.

Nigeria renewed its demand for permanent African representation on the UN Security Council and called for reforms aimed at improving developing countries’ access to international financing.

Shettima also participated in discussions on Africa’s mineral resources, where Nigeria advocated moving away from the export of raw minerals towards local processing, manufacturing and value addition.

He further represented Nigeria at a high-level education financing event co-hosted by Nigeria and Italy, where he reiterated the Federal Government’s position that investment in education was important to human capital development and economic growth.

The Vice President also met Nigerians in the diaspora and held engagements with the new leadership of the Economic Community of West African States Commission and UN Deputy Secretary-General Amina J. Mohammed.

His return to Nigeria has coincided with renewed attention on Tinubu’s continued absence from the country.

The Presidency has, however, rejected concerns over the President’s absence and maintained that Tinubu remains in charge of government.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, said on Sunday that Tinubu was “hale and hearty” and “perfectly entitled” to take a working vacation.

“President Tinubu is hale and hearty,” Onanuga said.

He argued that the President did not have to be physically present in Abuja at all times to perform his constitutional responsibilities, particularly because modern communication technology allows him to remain in contact with officials and monitor government activities.

“In this digital age, he does not need to be physically present in Abuja to do the work for which he was elected in 2023,” Onanuga said.

The Presidency also said Tinubu had remained engaged with developments in Nigeria while abroad and had held meetings with investors and other stakeholders in France.

It cited the President’s involvement in discussions around a proposed $7 billion deep-sea port project in Ogun Waterside as an example of his official engagements during the vacation.

The Presidency had earlier announced that Tinubu’s working vacation, which began on August 30, would be extended by a few days. It subsequently indicated that the President was expected to return to Nigeria on Tuesday, September 29, through Lagos.

Tinubu is also expected to participate in activities connected to Nigeria’s 66th Independence anniversary on October 1 before returning to Abuja. The Presidency said he is expected to attend the premiere of a movie commemorating the late businessman and politician, MKO Abiola, during the Independence Day period.
https://politicsnigeria.com/2026/09/28/breaking-tinubu-dragged-to-court-over-refusal-to-handover-power-to-vp-shettima/?utm_source=operamini&utm_medium=feednews&utm_campaign=operamini_feednews

Politics › Re: Atiku: El-Rufai As EFCC Chairman, Peter Obi As Finance Minister (See Full List) by Ofunaofu: 6:05pm On Sep 28
LordIsaac:
When the head is rotten, the body cannot function. Read "My Watch"!
Just as the current head is rotten
Politics › Re: NDC "Obidient Palm Oil" In Rivers State (Video) by Ofunaofu: 12:46pm On Sep 28
duro4chang:
simply because you are going to fail as usual. No chance for obi. He should go back to agulu and be their president. Sharing of palm oil is a waste of time and resources. Obi can never be president.
I didn't mention Obi, and I certainly didn't mention Tinubu.

So why are you this agitated?

What exactly brought Obi into this conversation?

Or are you having nightmares already?
Politics › Re: NDC "Obidient Palm Oil" In Rivers State (Video) by Ofunaofu: 12:34pm On Sep 28
duro4chang:
Vote buying taking too far. But I know sha that it's effort in futility.
What makes it an effort in futility?

According to the Supreme Court judgment, APC doesn't have a candidate in Rivers. The Wike rainbow confusion is in tatters, running helter-skelter.

Wike, in trying to outwit everyone else, ended up outwitting himself and his own rainbow confusion.
Politics › Reactions As Tinubu Announces He Has Built CREDICORP by Ofunaofu(op): 10:36am On Sep 28
Reactions As Tinubu Announces He Has Built CREDICORP And That Nigerians Can Now Buy Things On Credit


Social media users have taken to their official X account to react after it was announced that President Bola Ahmed Tinubu has built an institution that will help Nigerians to get loans and buy things on credit.

The announcement was made on the official X account of President Bola Ahmed Tinubu on Monday, September 28, 2026.

In the post that surfaced online, the President stated that his administration has built a credit based institution known as CREDICORP. He said the institution will allow Nigerians to buy things on credit and pay later.

The President stated that his administration will continue to put out measures that will lift burdens on the people of Nigeria.


According to President Bola Ahmed Tinubu on his official X account;

"That promise was about something practical. A worker with access to credit can buy what the family needs and pay over time and a small business can invest today against the income it expects tomorrow.


"We have been building the institutions to make that possible. Through CREDICORP, working Nigerians can access consumer credit".


https://news-af.feednews.com/news/detail/5917457e3db629eec0010aba0e5bdf8c?client=news

Politics › Regactions As Nigeria’s Debt Burden Per Citizen Hits N716, 822 by Ofunaofu(op): 9:52am On Sep 28
Nigeria’s public debt burden has again sparked public and economic concern after fresh calculations showed that every Nigerian now carries an estimated N716,822 in public debt, up from N383,442 three years ago — an increase of about 87 per cent.


This individual debt figure is based on the latest figures from the Debt Management Office (DMO) divided by the World Bank’s population estimates for both periods.

The rise is even more stark when measured against what Nigerians actually earn, with debt per person now accounting for a far larger share of average income than it did three years ago.

The disclosure has renewed debate about debt sustainability, with economists warning that the pace of borrowing is outstripping the country’s capacity to service its debt. Debt-servicing costs have become a growing concern, with Nigeria projected to spend more than $11.6 billion on debt servicing in 2026 — up sharply from the previous year — even as recurrent government spending continues to rise.


Nigeria’s Debt Stock Grows 90.9% In 3 Years As Borrowing Hits N166.79trn

LEADERSHIP’s checks showed that three years ago, at the end of June 2023 — the first debt figure published after President Bola Tinubu assumed office — Nigeria’s total public debt stock stood at N87.38 trillion.

Divided by the World Bank’s population estimate for that year, 227,882,945, the per-capita debt burden worked out to roughly N383,442 at the time.

Today, with the debt stock at N166.79 trillion as of June 30, 2026, and the population estimated at 232,679,478, per-capita debt has surged to N716,822 — an increase of N333,380 per person, or about 87 per cent, in three years.

The debt stock itself nearly doubled in naira terms, rising by N79.41 trillion, or 90.9 per cent, over the same period.

The per-capita figure shifts depending on the population estimate applied. Using the National Population Commission’s (NPC) own projection of slightly more than 216 million — last updated by NPC Chairman Nasir Isa Kwarra — the current per-capita debt burden rises to roughly N772,175.

Analysts have, however, noted that part of the naira-denominated surge reflects currency depreciation rather than new borrowing alone.

Recall that in June 2023, shortly after the naira was floated under the new administration, the official exchange rate closed the month at N769.25/$1 at the I&E window. By comparison, the official NFEM rate as of September 2026 stood at about N1,329/$1 — a depreciation of about 72.8 per cent over the three-year period.

That currency slide means Nigeria’s dollar-denominated debt grew far more moderately than the naira figures suggest: from about $113.6 billion in June 2023 to $120.93 billion in June 2026, an increase of only about 6.4 per cent.



Debt Burden Outpacing Income

A more troubling picture emerges when per-capita debt is weighed against per-capita income.

According to World Bank data, Nigeria’s GDP per capita stood at roughly $1,596.6 in 2023. At the June 2023 exchange rate of N769.25/$1, this translated to approximately N1,228,378 per person. That put per-capita public debt of N383,442 at about 31 per cent of per-capita income at the time.

By 2024 — the most recent year for which World Bank figures are available — Nigeria’s GDP per capita had fallen to $806.9, a drop of more than 49 per cent, driven largely by the naira’s devaluation and the rebasing of the economy. Converted at the current exchange rate of roughly N1,329/$1, that amounts to approximately N1,072,368 per person in naira terms.

Against this lower income base, per-capita debt of N716,822 now represents nearly 67 per cent of per-capita income — more than double the debt-to-income share recorded three years ago.

The decline in dollar-denominated income has been dramatic by regional standards. Nigeria’s GDP per capita, which remained above the Sub-Saharan Africa average from 2002 to 2023, fell to $806.9 in 2024 — about $710 below the regional average of $1,516.4, the widest gap in more than two decades.

Economists say this combination — a debt burden rising even as the income base against which it must be repaid shrinks — is a central reason why the per-capita debt figures have alarmed analysts more than the naira totals alone might suggest.



The Current Numbers

The DMO’s most recent data puts total public debt at N166.79 trillion as of June 30, 2026, up from N159.35 trillion recorded at the end of March 2026, representing a 4.7 per cent quarter-on-quarter increase.

A breakdown shows that domestic debt accounted for N91.59 trillion, or 54.91 per cent of the total, while external debt stood at about N75.20 trillion, or 45.09 per cent.

The federal government accounted for N152.77 trillion of the total, comprising N86.99 trillion in domestic debt and N65.77 trillion in external obligations, while the states and the FCT jointly held N14.01 trillion.

The disclosure has drawn sharp reactions from civil society, economists, business leaders and ordinary Nigerians, many of whom questioned whether the country’s rising debt has translated into tangible benefits for citizens.

Commenting on the development, the executive director of the Civil Society Legislative Advocacy Centre (CISLAC) and Head of Transparency International (TI) Nigeria, Auwal Ibrahim Musa Rafsanjani, raised concerns over the country’s rising debt profile.

Describing it as “a major concern”, he said: “CISLAC is really particularly concerned about the growing pressure that debt servicing can place on public finances.

“Borrowing can be a legitimate instrument of development when it finances productive infrastructure, human capital, industrial development, and investments capable of generating economic returns.

“But the kind of borrowing and debts we have have nothing to do with what I have just mentioned. It is more of an opportunity to divert and still waste public taxpayers’ money. For us, accumulating debts while citizens continue to experience inadequate healthcare, deteriorating public education, poor electricity supply, unemployment, poverty, insecurity and infrastructure deficits are actually serious issues.

“It means that the question of value for money, fiscal discipline and accountability is completely absent from what we are seeing today in Nigeria.

“Nigeria cannot continue borrowing and transferring repayment obligations to future generations without demonstrating clearly where the money went. We want to know what projects were financed, who executed those projects, what results were achieved, and how these investments will generate economic or social returns.”

On his part, the national president of the Association of Small Business Owners of Nigeria (ASBON), Dr Femi Egbesola, said the rise in Nigeria’s estimated debt burden per citizen from N383,442 to N716,822 was concerning, but clarified that this did not mean every Nigerian personally owed that amount.

He explained that the figure was simply the country’s total public debt divided by its population.

“Debt itself is not necessarily bad if it is used to finance productive investments that expand the economy, create jobs and increase government revenue,” he added.

He explained that the real concern was whether the country was borrowing to create value or simply borrowing to meet recurrent obligations while the cost of servicing the debt continued to rise.

“For businesses and MSMEs, the key question is whether these borrowings are translating into better infrastructure, reliable power, lower production costs and easier access to finance. For me, this is not so at the moment.

“Nigeria must move from simply measuring how much we owe to asking what we are achieving with what we borrow.”

Also, the founder of DAL Concept Strategy, Pelumi Oladeji, said the rising debt could further limit the government’s ability to fund critical areas of the economy if the trend was not properly managed.

“A growing share of government revenue will continue to be spent on debt servicing instead of critical sectors such as education, healthcare, infrastructure and security,” he said, warning of reduced fiscal flexibility and slower national development.

Oladeji said the way forward would depend on the government’s ability to grow revenue faster than it takes on new debt.

This, he said, would require “stronger economic productivity, improved revenue generation, export growth, and greater discipline in public spending,” adding that reducing the debt burden should be viewed as “a medium- to long-term objective rather than an immediate expectation.”

A statistician, Oluwatimileyin Onasanya, however argued that the rise in Nigeria’s debt burden should not necessarily be viewed as a problem, stating that borrowing could help a developing country finance important projects.

“The main issue is not borrowing but actually failing to use the borrowed money for its intended use,” he said.

According to him, borrowing should create opportunities through investments in infrastructure and other projects, but this has not happened because of how the funds are allocated.

Onasanya added that Nigeria should not stop borrowing but must ensure that borrowed funds are properly channelled towards development.

“A country cannot develop on its own resources,” he said, adding that the focus should be on improving the debt-to-GDP ratio and ensuring that borrowing contributes to economic growth.

He also said the rising debt was not directly responsible for the cost-of-living crisis, pointing instead to “the cost of dollars vs the naira” and the imbalance between imports and exports.

In his own reaction, Mr Eyitayo Oladapo said he did not see any clear benefit Nigerians were getting from the rising debt.

“We don’t believe what they are telling us they use the money to produce,” he said, adding that “the rich are getting richer and the poor are not getting out of it.”

He also expressed concern about continued borrowing, saying the country could not afford to keep accumulating debt at the current rate.

“They are borrowing money and they are saying that we are the ones that will pay it. I don’t understand,” he said, noting that the rising debt was coming at a time when Nigerians were already struggling with high living costs.

The vice chairman of Highcap Securities Limited, David Adonri, said the rise was worrisome because borrowing had not translated into improved living standards.

“If debt per citizen has moved from N383,000 to over N716,000 in three years, we should be seeing corresponding improvement in infrastructure, power and productivity. Instead, cost of living is rising and purchasing power is declining,” he said.

Adonri warned that continued borrowing without efficient utilisation could crowd out private-sector investment and put pressure on future budgets through debt-servicing obligations.

The Managing Director of Globalview Capital Limited, Mr Aruna Kebira, said borrowing was not bad in itself if the funds were channelled into productive purposes and the return on investment outweighed the cost of funds.

Kebira said the government borrows to finance budget deficits when it needs to spend beyond what it generates within a fiscal year.

“When you are borrowing, you make sure that what you are putting the money into is justified. If it is for business, you ensure the return on investment is higher than the cost of funds. Assuming it is used judiciously and channelled into the projects for which it was borrowed, there is no problem,” he added.

He, however, expressed concern that in developing countries, especially in Africa, borrowed funds often do not match the purposes for which they were borrowed.

“What has characterised Africa is that this fund will end up in private pockets. Then the debt becomes government’s own while the fund becomes private,” he said.

Kebira noted that while the United States is the highest debtor globally, it has the advantage of owing in its own currency, which it can print to repay. In contrast, Nigeria has to source dollars or use oil revenues to repay dollar-denominated debts.

He warned that rising debt was a bad signal because debt servicing is included in the following year’s budget, potentially forcing the government into a cycle of deficits.

He advised the government to reduce borrowing and focus on critical infrastructure, adding that even borrowed funds are often inflated, poorly executed or abandoned.

https://leadership.ng/reactions-as-nigerias-debt-burden-per-citizen-hits-n716-822/
Politics › Re: Increase Minimum Wage Now — Atiku Tells Tinubu by Ofunaofu: 9:25am On Sep 28
NewHe:
Just like that! Does this man even understand what Federalism entails?
There's always tripartite committee saddles with that!
Did Tinubu understand federalism when he literally increased the fuel pump price from N187 per litre to over N1,500 per litre?

Was there a tripartite committee set up to discuss the effects of such a wicked and draconian increase on the living standards of Nigerians?

Just asking.
Politics › Re: Governor Soludo Is More Intelligent Than Me —Peter Obi Begs Soludo by Ofunaofu: 5:54am On Sep 28
DennisEche:
Peter obi should stop making it looks like Joke, Prof Soludo is an intellectual
Soludo busted your lies,
Obi where is our 2B naira
You don't ask about the whereabouts of a so-called N2 billion on social media. That's foo.lish.ness.

Visit the nearest EFCC office and submit a petition.

That's how sensible people behave, bro.

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