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“Nigeria’s Rising Debt is a Threat to Future Generations” – Obasanjo Warns
Former President Olusegun Obasanjo has raised concerns over Nigeria’s escalating debt, warning that it poses a serious challenge for both current and future generations.
He shared his thoughts during a recent Zoom discussion titled Boiling Point Arena, where he reflected on the country’s economic path and leadership choices.
Nigeria’s debt has experienced a significant increase, climbing by a staggering N12.6 trillion within just three months.
As of the end of the second quarter of 2024, the nation’s total debt stood at N134.3 trillion (about $91.3 billion), marking a sharp 10.35% rise from the N121.7 trillion recorded at the close of the first quarter.
Obasanjo, who was instrumental in securing debt relief for Nigeria during his tenure from 1999 to 2007, expressed deep concern over the current state of affairs.
He noted that his administration’s efforts to clear the country’s debt burden have been undermined by the recent trend of heavy borrowing.
“Yes, I was able to secure debt forgiveness for the nation before I left office, but now we’re facing a debt problem that will affect not just this generation, but the next as well,” he stated.
A viral clip has made its way online showing a police officer in Delta State shooting a suspect who had already been restrained.
It can be noted that the suspect was pleading, claiming he had been framed and deceived, and said he would lead them to the right place.
However, while he was pleading, the police officer shot him. The officer later stated that the suspect was armed with a gun.
It was later revealed that the police officer has been arrested, as it is against the law to shoot a restrained suspect.
It was reported by the Kogi State Government that 24 children were abducted from an orphanage home. It was shared that this happened on the 26th of April, Sunday, and gunmen were seen in the area that day.
The information was shared by the Commissioner of Information, Kingsley Fanwo, who shared this sad news and described it as unfortunate.
“We condemn in strong terms the abduction of innocent children from an orphanage, the government is working closely with security operatives to ensure their safe return,”
Ghanaian media personality Afia Schwarzenegger speaks on the xenophobia issues occurring around Africans in South Africa.
She stated that Ghana is not the same as Nigeria and shared that if such issues happen to Ghanaians in South Africa, they will speak up and not keep quiet. She added that they will react.
“Ghana is not like Nigeria and we won’t hesitate to return the stupid favour.”
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