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Nigeria’s Debt Per Capita Hits ₦619,501 as Total Public Debt Rises to ₦134 Trillion

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The National Bureau of Statistics (NBS) has reported that Nigeria’s debt per capita now stands at ₦619,501, following a review of the country’s debt portfolio for the second quarter of 2024.

The Debt Management Office (DMO) disclosed that Nigeria’s total public debt has surged to ₦134.297 trillion as of June 2024, marking an increase of ₦13 trillion from the previous quarter’s total of ₦121 trillion.

Based on Nigeria’s estimated population of 216.7 million, the debt per person averages ₦619,501. The DMO’s report breaks down the debt into domestic and external components: domestic debt stands at ₦71.2 trillion, while external debt totals ₦63 trillion.

Within the external debt figure, the federal government owes ₦55.8 trillion, and states owe ₦7.1 trillion.

Domestically, the federal government’s debt is significantly higher at ₦66.9 trillion, with states owing ₦4.2 trillion.

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The rising debt has reignited discussions around Nigeria’s reliance on borrowing, with increased calls for the government to explore sustainable financing strategies to reduce the debt burden on citizens.


 

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Catholics in Benue Pray and Ask God to Bring Peace and End the Killings

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Photo source: Google

Catholics across Benue State came together on Thursday in a heartfelt prayer walk, seeking God’s help for peace to return to the troubled region. The walk, which drew large crowds from different parishes, was marked by hymns, placards, and quiet reflection. Priests, religious groups, and lay faithful joined in solidarity as they moved through the streets.

They also prayed for the victims of the recent violence, including those killed in the attack on Yelwata, Guma Local Government Area, where many lives were lost. Those who took part in the procession spoke out about the rising insecurity and called for healing, unity, and a renewed sense of justice in the state.


 

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Tinubu’s Surprise Visit to Benue Sparks Outrage Over Political Rally Amid Mourning

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The recent surprise visit to Benue State by President Bola Tinubu has stirred many reactions from the public.

It was reported that some school children who were outside were urged to welcome the president under the rain.

It was also noted that what started as a simple welcome turned into a political rally for the President and the Governor of the state.

This gained many criticisms from the public, especially online, as they shared their thoughts on the visit and the welcome. Many highlighted the fact that it was meant to be a condolence visit and not a celebratory event.


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President Tinubu Arrives in Benue Amid Ongoing Violence and Public Outcry

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It has been reported that President Bola Tinubu just arrived to Benue State amid the violence attacks happening.

It can be recalled that the state recently through a massacre as 200 lives were lost due to the violence attacks by armed people.

No solutions has been addresses to what will happen in Benue state, till now. President Tinubu arrives to Benue state, the people now hope for a solution to be given and justice to be served.


 

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