National

By Abdullahi Mukhtar Algasgaini

President Bola Ahmed Tinubu has assured Nigerians that the worst of the country’s economic challenges are behind them, saying the nation has “finally turned the corner.”

In a nationwide broadcast on Tuesday to mark Nigeria’s 65th Independence Anniversary, Tinubu admitted that his economic reforms, including the removal of fuel subsidy and the unification of exchange rates, brought temporary hardship.

However, he defended the policies as crucial to saving the country from what he described as a “near-collapsed economy” and “economic chaos.”

“The worst is over, I say. Yesterday’s pains are giving way to relief,” the President declared from the Presidential Villa.

He praised Nigerians for their patience, resilience, and support during the difficult period.

Tinubu used the address to present what he described as his administration’s progress report, outlining 12 key milestones achieved since May 2023.

He cited recent economic growth of 4.23 percent in the second quarter of 2025, the fastest in four years.

Inflation, he said, had eased to 20.12 percent in August, the lowest in three years, while external reserves had climbed to $42.03 billion, the highest since 2019.

Other achievements highlighted include a ₦7.46 trillion trade surplus, improved oil production at 1.68 million barrels per day compared to under one million in 2023, and the stabilisation of the naira, with the gap between official and parallel market rates narrowing significantly.

On security, the President praised the armed forces for “making significant sacrifices to keep us safe,” noting that peace was gradually returning to previously troubled communities in the North-East and North-West.

He also addressed the youth, pointing to programs such as the National Education Loan Fund (NELFUND), which has disbursed ₦99.5 billion, and the YouthCred initiative for corps members.

“We will continue to give you wings to fly sky-high,” he assured.Tinubu called on Nigerians to embrace a culture of production rather than consumption, urging citizens to farm the land, build factories, and support made-in-Nigeria goods.

“Let us be a nation of producers, not just consumers,” he said.

The President closed his address on a hopeful note, expressing confidence in a “new, prosperous, self-reliant Nigeria.”

He declared that with divine guidance, the nation’s brighter future had already begun.

By Anwar Usman

The President of Nigeria, Bola Tinubu, on Wednesday stated that his administration has disbursed N330 billion to eight million households under the Federal Government’s social investment programme, designed to support poor families and vulnerable Nigerians.

The president disclosed this in his 65th Independence Day broadcast, noting that the disbursement was part of his administration’s resolve to cushion the impact of economic reforms on the most disadvantaged groups.

He noted that many of the beneficiaries had already received one or two out of the three tranches of N25,000 each.

“Under the social investment programme to support poor households and vulnerable Nigerians, N330 billion has been disbursed to eight million households, many of whom have received either one or two out of the three tranches of the N25,000 each,” Tinubu said.

The President further admitted that Nigeria had for many years failed to make critical investments in infrastructure, power, and public services, leaving a heavy burden on the present generation.

“Fellow Nigerians, we are racing against time. We must build the roads we need, repair the ones that have become decrepit, and construct the schools our children will attend and the hospitals that will care for our people,” he said.

According to him, the neglect of the past has resulted in poor electricity supply, crumbling roads, and a lack of modern facilities that can compete globally.

He further stated, “We have to plan for the generations that will come after us. We do not have enough electricity to power our industries and homes today, or the resources to repair our deteriorating roads, build seaports, railroads, and international airports comparable to the best in the world, because we failed to make the necessary investments decades ago. Our administration is setting things right”.

The President assured Nigerians that his government was already implementing corrective measures to reverse the country’s decline in infrastructure and the economy.

He praised Nigerians for their resilience in enduring tough times, pledging not to betray the trust that had been reposed in him.

By Fatima Badawi

The Department of English and Literary Studies at Bayero University, Kano (BUK), successfully convened a two-day National Conference to critically examine and celebrate the prolific, well-grounded and giant literary works of the literary guru, Professor Aliyu Kamal, one of the Northern Nigeria’s most influential literary figures.

Held at the University’s Main Campus under the theme “Interdisciplinary perspectives on the works of Aliyu Kamal,” the conference attracted a diverse gathering of academics, writers, students, and family members of the prolific English author.

The event served as a significant platform to re-evaluate Kamal’s contributions to Nigerian literature and his unique portrayal of the socio-cultural dynamics of Northern Nigeria, which some view as Islamic genre.

The opening ceremony was chaired by the Vice-Chancellor of Bayero University, Professor Haruna Musa, who was represented by the Deputy Vice Chancellor Research and Development, Professor Amina Abubakar. In his address, the Vice-Chancellor commended the department for its initiative, stating that “Aliyu Kamal’s works are not merely stories; they are cultural archives that document the complexities, the joys, and the challenges of our society. This conference is a vital step in preserving our intellectual heritage, and it will pave way to getting a Nobel Laureate, starting from home.”

The keynote address was delivered by the renowned literary scholar, Professor Sani Abba Aliyu, mni. In a compelling presentation were he maintained that
Kamal possessed an uncanny ability to weave intricate tales that are simultaneously local and can equally be regarded as universal. His characters grapple with issues of modernity, tradition, governance, religion and personal identity in a way that resonates deeply across the Northern Nigerian landscape. He gave a distinct voice to the Northern Nigerian experience, ensuring it was an integral part of the national literary conversation.

Over the course of the conference, multiple lead papers featured presentations from scholars from various universities across the country. Papers explored diverse aspects of Kamal’s oeuvre, including feminist readings of his female characters, post-colonial interpretations of his narratives, stylistic and metaphorical analyses of his use of language, the Islamic genre and the philosophical underpinnings of his themes.

The Head of the Department of English and Literary Studies, Dr. A’isha Umar, in her remarks, described the conference as a resounding success. “Our objective was to ignite a renewed scholarly interest in Aliyu Kamal and to introduce his rich legacy to a new generation of students. We expect an overwhelming participation and the quality of discussions today and in the remaining days of the conference. This is not an end, but a beginning of a more sustained engagement with his works.”

Some of the participants urged that the papers presented should be compiled and published in an edited volume, ensuring that the critical insights generated would contribute to future scholarship on Nigerian literature. The event firmly re-established Aliyu Kamal’s position as a cornerstone of the nation’s literary canon.

The conference is still ongoing and it is expected to finish next Thursday.

By Anas Abbas 

Abuja may soon face a sanitation crisis as contractors responsible for cleaning the city have threatened to suspend operations from September 25 over the non-payment of nine months’ wages.

The Association of FCT Solid Waste and Cleaning Contractors (AFSOWAC), which oversees sanitation services across 44 lots in the capital, raised the alarm in a letter to the Coordinator of the Abuja Metropolitan Management Council.

“Despite our loyalty and sustained service delivery, we have not received payments since January 2025,” the group said. “We have reached a point where passion and commitment alone cannot sustain this essential service. Without payment, we cannot continue.”

According to the association, its members clear more than 1,000 tonnes of refuse daily using over 100 refuse trucks and 60 tippers, while engaging more than 3,000 workers. Many of these workers, it said, depend solely on the job for their livelihoods.

AFSOWAC disclosed that contractors had kept operations afloat by borrowing heavily from banks and informal lenders, but warned that such means had been exhausted. It added that the Abuja Environmental Protection Board (AEPB), which supervises their contracts, had continued issuing daily directives without addressing the financial challenges.

The contractors further lamented the deteriorating state of the Gosa dumpsite, describing it as “deplorable” and urging urgent intervention to improve access roads and equipment.

They also called on the FCT Administration to expedite the procurement process initiated in October 2024 and review payment rates to reflect current economic realities, such as the removal of subsidies and the devaluation of the naira.

The association warned that a strike would trigger a rapid build-up of waste in Abuja, a city renowned for its relative cleanliness, and could expose residents to serious public health risks.

“We can no longer guarantee uninterrupted services in the Federal Capital City without urgent payment,” AFSOWAC cautioned.

By Abdullahi Mukhtar Algasgaini

President Bola Ahmed Tinubu is scheduled to travel to Kaduna State on Friday, September 19, for a one-day visit that includes a high-profile wedding and a private condolence call.

According to a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President’s itinerary is centered on two key events.

The primary reason for the visit is the President’s attendance at the wedding ceremony of Nasirudeen Yari, the son of former Governor of Zamfara State and current Senator for Zamfara West, Abdul’aziz Yari.

Nasirudeen will be wed to Safiyya Shehu Idris.Following the wedding festivities, President Tinubu will pay a courtesy visit to Aisha Buhari, the widow of former President Muhammadu Buhari, at the family’s residence in Kaduna.

The visit is seen as a gesture of respect and condolence following the passing of the former leader.

The President is expected to return to the nation’s capital, Abuja, on the same day after concluding his engagements.

By Muhammad Abubakar

The Federal Government has removed the 5% excise duty on telecommunications services in Nigeria.

The tax, introduced under the administration of former President Muhammadu Buhari, was to be applied on both voice and data services. It drew strong opposition from telecom operators and consumer groups.

Executive Vice Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, said President Bola Ahmed Tinubu ordered its removal during discussions on the recently passed Finance Act.

The decision is expected to provide relief to over 171 million active telecom subscribers, who have also faced a 50 per cent tariff increase earlier this year.

By Uzair Adam 

The national grid has collapsed once again, plunging most parts of the country into darkness.

Power generation, which stood at 2,917.83 megawatts (MW), dropped drastically to 1.5 MW between 11:00 a.m. and 12:00 p.m. on Wednesday.

Confirming the development, the Nigeria National Grid, via its X handle, announced that “System restoration is in progress.”

In another update, the account disclosed that all electricity distribution companies (DisCos) across the country, except Ibadan DisCo, recorded zero allocation of power.

“Disco load” refers to the amount of power (in megawatts) allocated from the national grid to each distribution company.

Meanwhile, the Abuja Electricity Distribution Company (AEDC) in a statement appealed to its customers for patience, assuring them that efforts were ongoing to stabilise the grid.

The statement read, “Dear Valued Customers, please be informed that the power outage currently being experienced is due to a loss of supply from the national grid at 11:23 hrs today, affecting electricity supply across our franchise areas.

“Rest assured, we are working closely with the relevant stakeholders to ensure power is restored once the grid is stabilised. Thank you for your patience and understanding.”

By Nasiru Ibrahim 

Nigeria’s debt situation has become more confusing and concerning in recent years. After removing fuel subsidies, which had always been used to justify heavy borrowing, many expected a change in direction. But surprisingly, debt has continued to rise—and sharply. 

In less than two years, Bola Ahmed Tinubu’s administration has added over ₦62 trillion to our total debt. This comes on top of Muhammadu Buhari’s already heavy debt legacy. Yet if you check the 2025 budget, it still carries a huge deficit. This is despite relatively stable oil prices and a slight improvement in crude oil production. So, something is clearly not adding up.

How can a country that has removed one of its biggest expenditures—fuel subsidies—still be borrowing more than ever? Is it that the revenue reforms aren’t working, or is this a deeper issue with how we manage our economy? These are real questions that need honest answers. The reality is that Nigeria’s current borrowing trend is worrying not just because of the amount, but also because of the manner in which it’s happening and what it reflects.

According to the Debt Management Office, as of March 31, 2025, Nigeria’s public debt stood at ₦149.39 trillion. Tinubu alone has added ₦62.01 trillion to that figure in under two years. Now, let’s compare that with previous administrations: Goodluck Jonathan borrowed ₦5.9 trillion in five years. Buhari borrowed ₦74.78 trillion in eight years—including the controversial “Ways and Means” borrowing from the Central Bank of Nigeria (CBN). That’s how bad things have gotten.

“Ways and Means” are short-term loans from the Central Bank to the Federal Government, intended to cover urgent expenses such as paying salaries or addressing unexpected shortfalls. Think of it like an overdraft facility. But the law is clear—the CBN Act, 2007 (Section 38) states that the Federal Government can only borrow up to 5% of the previous year’s revenue from the CBN, and it must be repaid in the same year. Under Buhari, this law was ignored. His government borrowed ₦22.7 trillion through Ways and Means, without obtaining proper approval from the National Assembly.

This ₦22.7 trillion had not been reflected in official debt figures for a long time. It only became part of Nigeria’s domestic debt record in May 2023, when Buhari’s government securitised it—basically converted it into long-term bonds. That move alone caused the total public debt to jump from ₦44.06 trillion at the end of 2022 to ₦87.38 trillion by June 2023. That’s a massive increase in just six months.

Now, some economists argue that Tinubu’s debt figures appear worse primarily due to the exchange rate. That argument is simple: Nigeria borrows in foreign currencies, such as the dollar, euro, or yuan, but records the debt in naira. So when the naira weakens, the same dollar loan becomes much bigger in naira terms.

Let’s look at the exchange rate across administrations. Under Jonathan, the exchange rate was around ₦ 157 to $1 in 2015. Under Buhari, the exchange rate was ₦770/$ in 2023. And under Tinubu, the exchange rate is now approximately ₦1536/$ as of 2025. So when you convert the same external loan, the naira value explodes as the currency weakens. Just this exchange rate movement has added ₦29.75 trillion to Tinubu’s external debt and ₦5.9 trillion to Buhari’s.

To properly check if the debt spike is mainly due to FX changes, let’s fix the exchange rate at ₦157/$ for all the administrations and see how much was actually borrowed. The formula is simple:

Old Dollar Debt × New Exchange Rate – Old Dollar Debt × Old Exchange Rate.

Using the DMO’s external debt figure of $38.81 billion in 2023:
$38.81bn × ₦770 = ₦29.85 trillion
$38.81bn × ₦1536 = ₦59.63 trillion
₦59.63 trillion – ₦29.85 trillion = ₦29.78 trillion

So, if the exchange rate had remained at ₦157/$, Nigeria’s external debt of $42.46 billion in 2025 would have been approximately ₦6.6 trillion. Under that fixed exchange rate, Jonathan’s total external borrowing would have been approximately ₦1.07 trillion over five years. Buhari’s about ₦4.48 trillion in eight years.

Tinubu’s about ₦1.12 trillion in under two years. This means if Tinubu continues at this pace, he’ll hit Buhari’s figure—₦4.48 trillion—in about eight years. Yes, the exchange rate plays a significant role. But that’s not the whole story.

Others argue that Tinubu’s debt problem is not just about FX. It’s also about spending discipline. Unlike Buhari, Tinubu removed fuel subsidies and slightly increased oil production (1.5–1.6 million barrels per day, compared to Buhari’s average of 1.2–1.3 million barrels), and customs and tax revenue also improved. Buhari faced more challenging conditions—global oil crashes, two recessions in 2016 and 2020, the COVID-19 pandemic, and high subsidy payments—during his early years. So, Tinubu had more room to save, but instead, borrowing has increased.

The 2025 budget projects a deficit of ₦13.08 trillion. It assumes oil at $77.96 per barrel and production of 2.06 million barrels per day. However, in reality, March production was only 1.65 million barrels per day, including condensates. And as of July 8, Brent crude was $70.20 and WTI was $68.42—both below the assumed price. That means revenue projections may fall short, and the government will likely borrow even more.

Tinubu has already requested $21.6 billion in new loans. In May 2025, Reuters reported that he also asked the National Assembly to approve loans of €2.2 billion, ¥15 billion (approximately $104 million), and an additional $2 billion in domestic loans. That’s not all.

The Federal Government also secured a $747 million syndicated external loan to fund Phase 1, Section 1 of the Lagos-Calabar Coastal Highway—from Victoria Island to Eleko Village. At ₦1536/$, this loan adds ₦1.147 trillion to the debt. The lenders include Deutsche Bank, First Abu Dhabi Bank, Afreximbank, and Zenith Bank, among others. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is providing insurance. That brings Tinubu’s total borrowing to about ₦63.157 trillion in under two years.

This highway is being built under a Public-Private Partnership using an EPC+F model. The road is over 70% complete and is designed using CRCP technology—concrete with a 50-year lifespan and low maintenance requirements. While the loan adds to debt, it shows some confidence from global investors and introduces a financing model that shares risk between the government and private firms.

Now to the bigger picture. As of 2024, Nigeria’s debt-to-GDP ratio is around 25.1%, based on ₦144.67 trillion in debt and a nominal GDP of about $375 billion. That means debt accounts for about one-quarter of the economy—not yet alarming, but becoming risky if borrowing continues at this rate. What’s more worrying is the cost of servicing debt.

In 2024, debt service took up 4.1% of GDP—up from 3.7% in 2023 (AfDB report). That’s a lot. Imagine 4.1% of the entire economy going towards just paying off debt, instead of building schools, roads, or hospitals. Even worse, the debt service-to-revenue ratio rose from 76.86% in 2023 to 77.4% in 2024 (APA News). This means more than three-quarters of government revenue is now used to repay debt. That leaves very little for anything else. That’s not sustainable.

As Economics graduates, the way forward is clear. First, we need to depoliticise how we manage public finances. Countries like Chile, Sweden, and the UK have independent Fiscal Councils that enforce rules like debt limits and balanced budgets. Nigeria needs something like that to restore discipline and rebuild investor trust.

Second, loans must be tied to development goals—not used for consumption. Borrowing should be used for essential services like roads, electricity, and digital infrastructure, rather than paying salaries or covering bloated administrative costs. Rwanda and Ethiopia have shown how debt used for infrastructure can boost exports and growth. A cost-benefit analysis should accompany every loan.

Third, we must cut waste and off-budget liabilities. That includes fuel subsidies, failing state-owned enterprises, and unauthorised bailouts. Ghana passed a Fiscal Responsibility Act in 2018, capped its deficit at 5% of GDP, and ran audits that exposed massive leakages. Nigeria can cut borrowing by 30–40% just by following that path.

Fourth, improve tax collection—not by harassing small traders, but through fairness and the use of technology. Indonesia raised its tax-to-GDP ratio by digitising filing, automating risk detection, and linking tax IDs with national identity numbers. Nigeria can do the same—target high earners and multinationals instead of informal workers.

Fifth, public-private partnerships and syndicated loans, such as the Lagos-Calabar road, shouldn’t be used to conceal debt. They should help us attract private capital, share risks, and deliver real development. Countries like Morocco and Kenya make their PPP contracts public. Nigeria should also strive for greater transparency.

Finally, if things get out of hand, we can consider debt restructuring—but only as a last resort and if tied to fundamental reforms. Ghana restructured its debt in 2023 by extending maturities and cutting interest under IMF guidance. But what made it work was reform—cutting subsidies and improving tax systems. Without reform, restructuring solves nothing.

This is the time for Nigeria to act. If we continue on this path, we are only postponing a more profound crisis. But with the right decisions, we can still change direction.

Ibrahim is a graduate of Economics from Bayero University, Kano. He can be reached via nasirfirji4@gmail.com.

By Muhammad Abubakar

The Federal Government of Nigeria has approached the World Bank for a fresh loan of $1.75 billion to support its economic reform agenda.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed that the facility would help cushion the impact of recent policy adjustments, including the removal of fuel subsidy and the unification of the exchange rate, which have placed significant strain on households and businesses.

He explained that the request, if approved, would provide critical budgetary support, strengthen fiscal sustainability, and help address the nation’s infrastructural and developmental challenges.

Nigeria’s President, Bola Ahmed Tinubu, has repeatedly defended his administration’s reforms, insisting they are necessary to revive the economy and attract foreign investment.

World Bank Country Director for Nigeria, Shubham Chaudhuri, confirmed that discussions are ongoing, although no official approval has been given yet.

Nigeria, Africa’s largest economy, has in recent years relied on multilateral loans to bridge financing gaps amid rising debt obligations and dwindling revenues.

By Ibrahim Mustapha

I read a story entitled “Fraud, Job racketeering scandal rocks Nigeria’s Technical Education Board,” carried out by Sahara Reporters, an online media outlet, on August 14, 2025, with great shock. Ordinarily, one should not have bothered to reply to the tissues of lies, misrepresentation of facts, and poor grasp of public service rules by Sahara Reporters and its co-sponsors. However, considering the weight of allegations and how gullible minds can be negatively influenced, it has become pertinent to set the record straight. 

Though one had expected Sahara Reporters to produce a balanced story by contacting the executive secretary of the board, Professor Idris Bugaje, who remains accessible to share his side, this has never happened. The online media is so desperate to give a dog a bad name in order to hang it. The online media has discarded professional ethics and turned into a willing tool to smear the good image of Professor Bugaje and NBTE through fictitious allegations.

To accuse Professor Idris Bugaje of fraud and so-called jobs racketeering is nothing but lies, vendetta, and a deliberate campaign of calumny aimed at tarnishing his reputation, which he has built over many years. Government organisations carry out recruitment to fill vacancies created by staff death, retirement, and other circumstances.

Those organisations also recruit to meet their workforce demand. NBTE, like any other government organisation, is not exceptional. It carried out its recruitment exercise after vacancies had been identified, a waiver had been granted, and the Head of the Civil Service of the Federation had approved. There has never been any recruitment conducted without due process and the extant laws duly followed. 

Another lie concocted by the Sahara Reporters and their sponsors is that Professor Idris Bugaje is bypassing the Minister of Education in all the recruitment he carried out. There is no iota of truth, as the executive secretary ensures that he consults widely with the Minister of Education for seamless policy implementation and recruitment exercises. Therefore, their allegations are nothing but a figment of their imagination.

The sponsors of the publication have spent considerable energy on “wild goose chase” allegations that Professor Idris Bugaje has made staff redundant and opted for a few to work with them. I think these people are rushing to blackmail Professor Idris Bugaje and cannot even stop to see some of his reforms that have transformed the board. For instance, upon assumption of office, Professor Idris Bugaje unbundled the NBTE by opening regional offices across the country. The “raison d’être” was to simplify work and assign more responsibilities to staff. If Bugaje wanted to make staff redundant, he would not have opened new offices across the country. 

Regarding the allegation of rapid promotion for transferred staff, Sahara Reporters and its co-travellers have also gotten it wrong. Professor Idris Bugaje will never approve of illegality. He ensured the proper placement of staff. You cannot expect a staff member on level 14 to be demoted to level 13 because they have transferred their service to NBTE. That is why those who have been promoted to directors are eminently qualified.

Professor Idris Bugaje has been transforming NBTE in various aspects of human development. He is poised to achieve sound and qualitative technical and vocational education in line with Mr President’s renewed Agenda. Under his watch, NBTE has achieved great success through the monitoring and evaluation of vocational and technical institutions. It is sad to note that some unscrupulous people are bent on tarnishing his hard-earned integrity through spurious and blatant lies. 

No amount of blackmail can distract Professor Idris Bugaje from initiating and implementing policies in line with the NBTE mandate.

 Ibrahim Mustapha Pambegua, Kaduna State, via imustapha650@gmail.com.