Connect with us

News

Abia, Enugu, Ebonyi lead in S’East as Govs leave huge debts behind

Published

on

The governors of 28 states who are leaving office on May 29 or running for re-election and the Minister of the Federal Capital Territory have piled up about ee sub-national debts amid an economic crunch.
The debt figures were based on an analysis of the   sub-national debts reports by the Debt Management Office.

Out of the 28 states, 11 governors will be seeking re-election in March.

They include Governors Mohammed Yahaya of Gombe;  Babagana Zulum (Borno); Abdullahi Sule (Nasarawa); Seyi Makinde (Oyo); Mai Buni (Yobe); Bello Matawalle (Zamfara); Babajide Sanwo-Olu (Lagos); Ahmadu Fintiri (Adamawa);  Dapo Abiodun (Ogun); Bala Mohammed (Bauchi) and Abdulrahman Abdulrazak of Kwara state.

Those that will not be seeking re-elections are Emannuel Udom (Akwa Ibom); Samuel Ortom (Benue)  Ifeanyi Okowa (Delta); David Umahi (Ebonyi); Mohammed Abubakar (Gombe) Aminu Masari (Katsina);  Bello Bagudu (Kebbi);  Abubakar Bello (Niger);  Aminu Tambuwal (Sokoto);  Simon Lalong (Plateau)  and Darius Ishaku of Taraba.

Other governors that are not seeking re-election include the  Kaduna State Governor, Nasiru El-rufai; Abdulahi Ganduje (Kano); Victor Ikpeazu (Abia); Ifeanyi Ugwuanyi (Enugu); Ben Ayade( Cross Rivers) and Nyesome Wike of Rivers.

Advertisement

The sub-national debts are classified into domestic-borrowings from local creditors and external-borrowings from foreign or international creditors like the World Bank.

The domestic and external debts published on the DMO’s website were as of September 30 and June 30, 2022, respectively.

According to the reports, sub-national domestic debts were about N4.38tn while their external debts were about $3.15bn or N1.42tn based on the exchange rate of the Central Bank of Nigeria of N449.53 to a dollar as of Thursday.

The data further shows that Lagos has the highest debt, with N877.04bn domestic debt and $1.27bn foreign debt.

It is followed by Kaduna, with a domestic debt of N86.86bn and external debt of $586.78m.

Advertisement

The third highest debt is Rivers, with a domestic debt of N225.51bn and foreign debt of $140.18m.

In the fourth highest debtor position is Cross Rivers, with N175.2bn domestic debt and $215.75m external debt.

It is followed by Ogun with N241.78bn domestic debt and $122.73m foreign debt.

Others include Bauchi (N144.28bn domestic debt and $172.76m external debt); Enugu (N89.89bn and $123.02m); Kano (N125.19bn and $109.42m); Abia (N104.57bn and $95.63m) and Adamawa (N122.48bn and $77.01m).

Other debtor states are Akwa Ibom (N219.62bn and $46.567m), Benue (N143.37bn and $30.47m), Borno (N96.33bn and $18.7m), Delta (N272.61bn and $60.05m), Ebonyi (N67.06bn and $59.84m), Gombe (N139.1bn and $46.93m), Jigawa (N44.41bn and $27.61m), Katsina (N62.37bn and $55.82m), Kebbi (N60.13bn and $42.40m), Kwara (N109.55bn and $45.94m), and Nasarawa (N72.63bn and $53.73m).

Advertisement

Also on the list are Niger (N98.26bn and $69.27m), Oyo (N160.07bn and $76.97m), Plateau (N151.90bn and $33.74m), Sokoto (N85.58bn and $37.13m), Taraba (N90.81bn and $22.28m), Yobe (N92.86bn and $23.09m) and Zamfara (N109.69bn and $29.33m).

The FCT had a domestic debt of N112.49bn and external debt of $25.38m.

These hese states and the FCT owed up to 81.72 per cent of the N5.36tn sub-national domestic debts and 69.08 per cent of $4.56bn external debts.

Speaking with our correspondent on Thursday over the phone, the Director, Portfolio Management Department of the DMO, Dele Afolabi, noted that each state was expected to send in quarterly  information on their domestic debts.

He added that by being transparent with their debt profiles, states would be able to access more funding.

Advertisement

The debt servicing is done by the Federal Government but it is deducted from the federal allocation to the states.

States’ debts

In its December 2022 edition of the Nigeria Development Update, the World Bank noted that states’ debts would rise above 200 per cent of the revenue generated in 2022 and 2023.

The report read, “Debt levels for an average state are estimated to increase from 154.6 per cent of revenues in 2021 to above 200 per cent of revenues in both 2022 and 2023.”

According to the Washington-based bank, the increase in debts will be due to low allocation from the Federation Account, which will likely weaken the fiscal condition of the states.

Advertisement

The report added, “The fiscal condition of sub-national governments is expected to weaken in 2022, as Federation Account transfers for the average state are estimated to decline due to weak net oil revenue collection.

“For an average state, statutory transfers—the main source of state revenue—are estimated to decline by 5.5 per cent and internally generated revenue is estimated to remain at broadly the same levels as in 2021 (declining slightly by 0.8 percent).

‘’Nevertheless, total revenues for an average state are estimated to remain broadly unchanged in nominal terms as gains in VAT revenues are estimated to offset the declines in statutory transfers. However, expenditure is expected to increase by almost 4 per cent for an average state in nominal terms, especially capital expenditure, which is estimated to increase by 17.3 per cent in nominal terms in the run-up to the 2023 general election.

“Consequently, the fiscal deficit of an average state is estimated to reach 37.9 percent of revenues in 2022, as opposed to 31 percent of revenues in 2021 and 17 percent of revenues in 2020.

‘’Recurrent expenditure between 2021 and 2022 is estimated to have contracted by almost 5.4 per cent for an average state, raising concerns about accumulation of arrears. These trends are estimated to continue in 2023 with the fiscal position of the states weakening.”

Advertisement

The global lender had earlier said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation level increases budgetary pressures for the states.

According to the bank, the declining revenue from the federation level has put many states in a precarious fiscal position.

It warned that many states would be unable to meet up with their expenditures, adding that there was an increase in debt servicing expenditures of states.

But the special Adviser Media and Publicity to the Cross River Governor, Christian Ita blamed the state’s debt burden on previous administrations.

He stated, “The debt burden on the state is something that was inherited by this administration. Indeed, as at May 29, 2015 when the current administration came on board, the state had attained the threshold of borrowing, a situation that made it impossible for the current administration to borrow.

Advertisement

“The disconcerting part is that while the administration was prevented from borrowing by the Debt Management Office, the federal government has been deducting between N1.6bn to N2bn monthly from the state’s allocation, thus leaving the state in dire straits.”

Speaking on its huge debt profile, the Lagos State government explained that its domestic and foreign debts were necessary because there was no other way the government could fund the projects executed in the state.

According to the estimate made by The PUNCH, Lagos state has the highest domestic debt of N876bn and a foreign debt of $1.27 bn.

Lagos defends debts

But the state Commissioner of Information, Mr Gbenga Omotoso, insisted that the debts were sustainable and would not hinder any development after May 29, adding that what the debts were used for was what mattered.

Advertisement

He said, “The debts are more than sustainable. Recently, Lagos State got a Fitch AA+ rating and what it means is that we are running our finances very well and we are super creditworthy. I think we are the only state in Nigeria to have had such a rating.

“Apart from that, people say Lagos State debt is high but the problem is not the high domestic or foreign debts but what they are used for. The United States of America has the highest debt profile in the world, yet many are flocking there. To borrow money to pay salaries is bad but to borrow it to fund projects that will generate revenue and provide jobs is good.

“Lagos has a high debt profile because it has embarked on and executed a lot of infrastructural and transport projects, among many that will in turn generate income. We have not expended up to 50 per cent of our Gross Domestic Product so we still have enough room to borrow money and that is why you see that people are turning over to Lagos because they know that the state is creditworthy.

“There is no way you can embark on the big projects that the Lagos State Government has executed without borrowing money. Where will the cash come from? Look at the Blue Rail, can you imagine the number of people it will be conveying daily and the jobs it has created? So there is no way you can fund that kind of project without borrowing money at all.

“This will never affect any development after May 29. In fact, if anything, it will bring more developments. By the time you say you save billions of naira to build a railway, even the people who should ride on it would have died, so one needs to find a way of funding it, and the better way is to borrow money, and local financial institutions are coming to Lagos to lend money to the government because they know the economy has a bright future.”

Advertisement

When contacted about the debts Governor Wike would be leaving for the incoming administration, the Rivers State Commissioner for Finance, Isaac Kamalu said he was in a meeting and could not comment.

Kaduna government

Similarly, there was no reaction from the Kaduna State Government when asked about its plans to address the huge debts on Thursday.

The Special Adviser on Media and Communication to the governor, Mr.  Muyiwa Adekeye could not be reached on the phone and he did not respond to the query sent to him on the Whatsapp platform.

Officials of Ogun State Government kept mum as both the state Commissioner for Information and Strategy, Waheed Odusile and Chief Press Secretary to the state governor, Kunle Somorin did not respond to calls or messages sent to their phones.

Advertisement

Meanwhile, the All Progressives Congress in Delta State has kicked against alleged plan by Governor Okowa to borrow N40b.

The party in a statement on Thursday warned all commercial banks and lending institutions in the country to be wary of the outgoing PDP government in the state.

The party said, ‘’It has come to the notice of the public and to the knowledge of the All Progressive Congress that the government of Delta state is yet again negotiating a loan facility for N40b.’’

In the statement endorsed by the APC governorship candidate in Delta State, Senator Ovie Omo-Agege, the party noted with concern that “the need for such a facility has not been made public, neither has the purpose for which the credit is being sought.”

“It is also our knowledge that a bill seeking the approval for such a facility has not been presented before the House of Assembly and neither has approval been obtained”, it further stated.

Advertisement

Consequently, the party warned all commercial banks and lending institutions in the country to be wary of such borrowings.

The statement read partly, “Now therefore, be it known to all banks, lending institutions, credit agencies etc that any facility, loan, credit, advancement or borrowing by any other name known made or advanced to the government of Delta state in the course of the remaining tenure of the present administration will not be acceptable to the people of Delta state.

“The next administration and the citizens of Delta state will not be further encumbered by the rascality and profligacy of the present government.

“We state unequivocally that the state is over-borrowed and the citizens will not accept the encumbrance and obligations of further borrowing.’’

Advertisement
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Rights Group Petitions IGP, Seeks Probe of Police Role in Controversial Enugu Land Disputes

Published

on

The Rule of Law and Accountability Advocacy Centre (RULAAC) has petitioned the Inspector-General of Police (IGP), IGP Olatunji Rilwan Disu, over alleged abuse of office and misuse of police powers by officers of the Enugu State Police Command in connection with a controversial land dispute involving Ostara Farms Limited and the Okpogho Community in Ezeagu Local Government Area of Enugu State.
In a petition dated May 29, 2026, and signed by its Executive Director, Okechukwu Nwanguma, RULAAC accused the Officer-in-Charge of the Directorate of Legal Services, Enugu State Police Command, and other officers of allegedly interfering in ongoing land litigation, intimidating community members, and using criminal proceedings to influence a dispute that is already before several courts.
According to the organisation, the controversy centres on an agreement through which Ostara Farms Limited allegedly acquired about 2,000 hectares of communal land from individuals said to be acting on behalf of the community for a consideration of N50 million.
RULAAC said a significant number of community members have challenged the transaction, alleging that the agreement was entered into under questionable circumstances and contains terms that unfairly favour the company.
The rights group noted that several lawsuits concerning ownership and control of the disputed land are currently pending before courts in Enugu State, including Suit Nos. A/24/2025, AWH/41/2022, E/299M/2025, A/58/2025, A/59/2025, A/60/2025 and A/61/2025.
Despite the ongoing litigation, RULAAC expressed concern that police authorities have increasingly become involved in the matter through criminal investigations and prosecutions.
The organisation alleged that criminal allegations arising from the burning of a company-owned caterpillar by unidentified persons were being used to target outspoken opponents of the land transaction.
According to the petition, rather than identifying those directly responsible for the incident, the company allegedly supplied names of community leaders and critics of the land deal who were subsequently treated as suspects.
“If true, such actions amount to an abuse of police processes and a dangerous weaponisation of criminal justice mechanisms to suppress dissent, intimidate citizens and gain advantage in a civil dispute,” the organisation stated.
RULAAC further linked the matter to an earlier land dispute involving Obeagu Awkunanaw and Amechi Uwani communities and Private Estates International West Africa Limited (PEIWA), noting that both companies are reportedly associated with businessman Kingsley Tobechukwu Eze.
The organisation recalled that concerns over police involvement in the PEIWA dispute had earlier been brought to the attention of the IGP and referred to the Police Monitoring Unit at Force Headquarters.
It also referenced reports that Kingsley Eze, Chamberlin Mbachu and Private Estates International (W.A.) Limited are facing criminal charges before the Federal High Court, Enugu, relating to the alleged forgery of a survey plan connected with the acquisition of ancestral lands in Enugu.
According to the charge sheet, the defendants were accused in Count I; “That you Kingsley Eze, Chamberlin Mbachu and Private Estates International (W.A.) Limited, sometimes in 2009 or thereabouts, at Amechi Awkunanaw, Enugu South Local Government Area of Enugu State, within the jurisdiction of this honourable court, did conspire among yourselves to commit a felony to wit: forgery of the Survey Plan titled “Permanent Site of Enugu State University of Science and Technology” of 1985 and thereby committed an offence contrary 3 (6) and punishable under Section 1 (2) (c) of the Miscellaneous Offences Act Cap M17, Laws of the Federation of Nigeria, 2004.”
COUNT II
“That you Kingsley Eze, Chamberlin Mbachu and Private Estates International (W.A.) Limited, sometimes in 2009 or thereabouts, at Amechi Awkunanaw, Enugu South Local Government Area of Enugu State, within the jurisdiction of this honourable court did make or utter the Survey Plan titled “Permanent Site of Enugu State University of Science and Technology” of 1985 knowing same to be false or with intent that it may in any way be used or acted upon as genuine and thereby committed an offence punishable under Section 1 (2) (c) of the Miscellaneous Offences Act…”
RULAAC also referred to findings reportedly contained in the Enugu State House of Assembly’s Special Committee Report on Land Matters and Disputes adopted in December 2024.
The organisation urged the IGP to direct the Police Monitoring Unit to immediately take over investigations and prosecutions arising from the Ostara Farms dispute, investigate allegations of misconduct against one CSP Justice Attah, the Officer-in-Charge, Directorate of Legal Services in Enugu, and review any criminal proceedings allegedly initiated for purposes of harassment or intimidation.
Meanwhile, in a separate petition dated May 28, 2026, the organisation called on the IGP to intervene in two criminal cases pending before the Federal High Court, Enugu, over the repeated failure of police authorities to produce defendants for arraignment.
The cases are Charge No. FHC/EN/CR/84/2025, IGP v. Kingsley Eze & 2 Others, and Charge No. FHC/EN/CR/222/2024, IGP v. Alex Ifeadi & 2 Others.
According to RULAAC, the charges were filed following investigations by the Force Intelligence Department (FID), Abuja, and the Force Criminal Investigation Department (FCID) Annex, Enugu, indicating that investigations had been completed and prosecution was ready to proceed.
The organisation, however, lamented that despite the filing of the charges, the defendants have repeatedly not been produced before the court for arraignment, resulting in prolonged delays.
RULAAC said the cases came up before the Federal High Court on May 20, 2026, where the court reportedly expressed concern over the inability of the prosecution to present the defendants for plea.
The rights group warned that the continued delays could lead to the cases being struck out for lack of diligent prosecution, thereby undermining public confidence in the criminal justice system.
It urged the IGP to direct the FCID Annex, Enugu, and the FID Abuja, through the Directorate of Legal Services, to ensure the production of the defendants on the next adjourned date of June 18, 2026, and facilitate diligent prosecution of the matters.
RULAAC maintained that its intervention was aimed at safeguarding the integrity of the justice system and ensuring that police powers are exercised impartially and in accordance with the rule of law.
Continue Reading

News

Police Declare 6 IPOB Members Wanted Over Protests Against Kanu’s Jail Terms

Published

on

By Okey Maduforo Awka

Six members of the Indigenous People Of Biafra IPOB have been declared wanted by the Nigerian Police .

The six persons led by Mr Chukwuebuka Ohaechesi, include Emma Okonkwo, Jude Uwa, Gentle Okoro, Uchenna Dike, and Emmanuel Nwankwo who are said to be at large.

The were said to have fled to neighboring states in the South East hence signaling the other four Police Commands in the geopolitical zone to assist in the manhunt for them

The Police accused them of executing protests against the detaintion of the leader of IPOB Mazi Nnamdi Kanu who is currently serving jail terms in Sokoto Correction Center.

Advertisement

According to a statement issued by the Abia Police Public Relations Officer of the Command, ASP Eguavon Omokaro, the individuals are suspected members of IPOB who have allegedly participated in protests at various times and locations within the state.

The statement alleged that the protests were organised in connection with the continued detention of Mazi Nnamdi Kanu and demands for justice through the judicial process.

The Police Command further stated that these protests have allegedly resulted in breaches of peace and disruptions to law and order in Abia State. Consequently, the Police Intelligence Department reportedly concluded that the named individuals were among the principal organisers and coordinators of the demonstrations.

The statement further alleged that; ;
“It should be noted that on every 30th day of May, these men and their cohorts convene for the so-called remembrance of Biafra, holding clandestine meetings at various locations in the name of the emancipation of the Biafran Republic and the release of Mazi Nnamdi Kanu.”

According to the police, the six individuals were invited on several occasions for questioning in relation to the allegations against them.

Advertisement

The statement indicated that the first invitation was issued on 18 December 2025, followed by a second invitation on 7 February 2026, and a third invitation on 3 March 2026.

The police alleged that the individuals failed to honour all three invitations.

The statement further asserted:
“These individuals were invited by the police on several occasions. Firstly, on 18 December 2025, they failed to honour the invitation. Again, they were invited on 7th February 2026 and failed to appear. Finally, they were invited on 3 March 2026, and they also failed to present themselves before the police.” It stated.

As a result, the Abia State Police Command announced that all six individuals had been formally declared wanted.

The police appealed to members of the public to provide any reliable information that could lead to their arrest and prosecution, stating that informants would be suitably rewarded.

Advertisement

The declaration of the six individuals as wanted persons is linked to allegations of their participation in pro-Biafra activities, demonstrations concerning the detention of Mazi Nnamdi Kanu, and their alleged association with IPOB, an organisation that has been the subject of extensive scrutiny and security operations by Nigerian authorities.

Continue Reading

News

Power Doesn’t Last Forever, It Has Expiry Date — VeryDarkMan Warns Wike

Published

on

Social media activist and commentator, , popularly known as VeryDarkMan (VDM), has criticized the Minister of the Federal Capital Territory, , over comments he allegedly made concerning teachers protesting in solidarity with colleagues and schoolchildren affected by insecurity in Oyo State.

In a statement shared on social media, VeryDarkMan argued that Wike may not fully understand the pain and trauma experienced by parents of abducted children and affected teachers. He claimed that the minister’s children were educated abroad, away from the security challenges facing many Nigerian families.Nigerian entertainment news

The activist stated that insecurity, kidnapping, and attacks on schools remain serious national concerns and should not be dismissed or reduced to political issues. He stressed that the fears and frustrations of parents whose children face security threats deserve greater attention from public officials.

VeryDarkMan further warned that political power is temporary, urging leaders to remain accountable to the people and sensitive to the challenges confronting ordinary Nigerians.

Continue Reading

News

DSS Detains Novelist Okey Ndibe at Lagos Airport, Awaits Clearance from Abuja

Published

on

DSS Detains Novelist Okey Ndibe at Lagos Airport, Awaits Clearance from Abuja
Renowned Nigerian novelist, journalist, and academic, Okey Ndibe, was reportedly detained by operatives of the Department of State Services (DSS) upon his arrival at the Murtala Muhammed International Airport, Lagos, on Monday morning.
Ndibe disclosed his situation in a message sent while in custody, stating: “I’ve been with the SSS now for more than an hour. They’re waiting for clearance from some oga before they let me go.”
According to sources close to the writer, his detention follows a pattern that dates back to previous administrations, including that of former President Goodluck Jonathan, during which he was frequently stopped and questioned over his critical commentaries on Nigerian governance and public affairs.
However, associates noted that Ndibe has largely stepped away from active commentary in Nigerian media over the past two years, focusing instead on writing books and his academic responsibilities at University of Massachusetts Amherst, where he teaches.
A close friend of the author and former Anambra State Commissioner for Information and Public Enlightenment, C. Don Adinuba, said similar incidents had occurred several times in the past. He explained that airport DSS officials typically contacted their superiors in Abuja before eventually releasing Ndibe.
“It is a pity that this agency doesn’t update its database to enable officers on duty at the airport to know that the agency no longer regards Prof. Ndibe as a security threat to the administration,” Adinuba said.
He added that on previous occasions, the DSS had apologized to the respected author after determining that his detention was unwarranted.
As of the time of filing this report, there was no official statement from the DSS regarding the circumstances surrounding Ndibe’s latest detention. The development has raised renewed concerns about the treatment of government critics and the continued use of security watchlists affecting returning Nigerians.

Continue Reading

News

US Secretary of War explains anti-ISIS strikes in Nigeria 

Published

on

The United States Secretary of War, Pete Hegseth, has disclosed that President Donald Trump directed the Pentagon to prioritise the protection of Christians in Nigeria targeted by Islamic State of Iraq and Syria-linked groups.

Hegseth made the disclosure during a press conference at the White House on Wednesday, where he said the directive was issued about a year ago after Trump became aware of attacks against Christians in Nigeria.

He explained that the operation involved behind-the-scenes coordination and deployment of military assets, adding that intelligence gathered during the mission contributed to the killing of Abu-Bilal al-Minuki, identified as ISIS’s second-in-command, during a joint operation involving U.S. and Nigerian forces in the Lake Chad Basin.

“Maybe a year ago, he heard the call of Nigerian Christians who were being targeted and killed by ISIS in Nigeria, and he said, ‘Pete, I want the War Department to focus on ensuring that we do everything we can to protect those Christians,’” Hegseth said.

According to him, the operation yielded significant results in the fight against terrorism in the region.

Advertisement

“And we got the assets there, and over the last month, and there hasn’t been much coverage of this, we killed ISIS number two in Nigeria, who’s most responsible for killing Christians and trying to target the U.S. homeland,” he stated.

Hegseth further said intelligence obtained during the operation led to the elimination of several ISIS fighters linked to attacks on Christians in Nigeria and threats against the United States.

Hegseth added that working on the Intel gathered, they have killed hundreds of ISIS members who were targeting and killing Christians in Nigeria.

The U.S. defence chief described the operation as part of the Trump administration’s broader commitment to counterterrorism efforts and the protection of vulnerable communities.

“So there are a lot of things we do that the media pays attention to, and a lot of things that the President empowers the Department to do on behalf of the American people that he deserves great credit for,” Hegseth stated.

Advertisement

ISIS second in command, Abu-Bilal al-Minuki was killed in a coordinated U.S.-Nigeria military operation in northeast Nigeria earlier this month.

Continue Reading
Advertisement

Trending