News
Obi to Tinubu: Where is your conscience, why are you doing this to Nigeria?
For the umpteenth time, Peter Obi, presidential candidate of the Labour Party (LP), in the 2023 election, has assailed President Bola Tinubu and his All Progressives Congress (APC), over the reckless manner of borrowing and piling up of debts without consideration of how generations of Nigerians would pay.
Using his X handle, Obi, who took umbrage on the heels of a fresh wave of borrowings approved by the Senate recently, warned that the country’s fiscal trajectory could compromise future generations and worsen living conditions for millions of citizens.
Railing against the latest approvals, which included $21 billion, €2.2 billion, and ¥15 billion in new external loans for the 2025-2026 fiscal cycle, in addition to a N750.98 billion domestic bond issuance and a €65 million grant, Obi lamented that this had brought the nation’s total public debt to approximately N187 trillion, with projections suggesting it could exceed N200 trillion by year-end.
Hear him: “With an already existing public debt of about N149.39 trillion as at the first quarter of 2025, adding the approved loans of about N37.2 trillion brings our current total debt to about N187 trillion, with concerns that our debt might likely be over N200 trillion by the end of 2025.
“We are accumulating exponential levels of unsustainable debt with little or nothing to show for it in critical areas such as education, healthcare, electricity generation, and security. Nigeria’s pre-rebased GDP stood at N269.2 trillion (around $180 billion), meaning total borrowing now represents nearly 70% of the previous GDP.
“Even after the recent GDP rebasing, which revised the figure upward to N372.8 trillion (approximately $243.7 billion), Nigeria’s debt-to-GDP ratio now hovers at 50.16%—the highest in its history. Nigeria reported a year-on-year debt increase of N27.72 trillion and a quarter-on-quarter rise of N4.72 trillion, key development metrics remain stagnant or deteriorating.”
While bemoaning the situation where insecurity remained rampant, with over 10,217 deaths and 672 villages sacked within a two-year span, despite a government that has increased annual security spending from N2.98 trillion in 2023 to N4.91 trillion in 2025, Obi also lamented how basic infrastructure also continued to lag, with roughly 135,000 kilometres of Nigeria’s 195,000 km road network remaining unpaved, while electricity supply has stagnated below 5,000 megawatts for a population of over 200 million.
Citing the alarming statistics on poverty and malnutrition, with 133 million Nigerians – around 63 per cent of the population now classified as multi-dimensionally poor, the former Governor of Anambra State, called attention to a report from Médecins Sans Frontières (MSF) that disclosed the deaths of 652 children in Northern Nigeria due to malnutrition, singling out Katsina State as one of the most affected.
His words: “This is a country blessed with enormous resources, yet nobody should go to bed hungry. A persistent deficiency in leadership has thrown the majority of our citizens into increasing poverty. Borrowing is not inherently detrimental if targeted at productive, high-impact investments with transparent and measurable outcomes. “This pattern of borrowing without accountability and transformational impact is simply mortgaging the future of our children. The government should show minimum consideration for the future of young and unborn Nigerians. It is time to stop this fiscal indiscipline. We must build a New Nigeria, where leadership is responsible, development is people-centred, and every kobo borrowed or spent delivers measurable impact.”
Justice Muhammad Nuraddeen Bello of High Court sitting in Sokoto State has sentenced three men, including a foreign national, to death by hanging, after convicting them on charges bordering on terrorism and arms proliferation.
The convicts, Yusuf Muhammad (alias Sallau), a Nigerien; Jabbi Alhaji Yalle; and Kabiru Muhammad, were apprehended on 13th June, 2025, by the Department of State Services (DSS) Counter Terrorism Unit in connection with cross-border criminal activities bordering on arms trafficking and terrorism.
Bello, who found all three defendants guilty as charged and sentenced them to death by hanging, while also ordering the forfeiture of all monetary exhibits recovered from the convicts to the Federal Government, said: “The conviction is the latest in a series of successful prosecutions by the DSS in its sustained operations against terrorism and organised cross-border criminal networks across Nigeria.”
The sentencing is coming about two weeks after the Federal High Court sitting in Abuja sentenced each of the five suspects arrested on May 31, 2026, by the DSS for their involvement in the November 21, 2025, attack on St Mary’s Catholic School, Papiri, Niger State, to 25 years’ imprisonment.
Justice Binta Nyako, had handed down the judgment after the men, including two Nigeriens, pleaded guilty to all four terrorism-related charges, bordering on support for the commission of an act of terrorism, breaching both Section 16 of the Terrorism (Prevention and Prohibition) Act, 2022, and the Firearms Act, were pressed against them.
According to Count One, the men were accused of jointly conspiring to assist a terrorist by agreeing and intentionally playing various roles towards conveying 15 AK 103 rifles as well as about 1,434 rounds of 7.62mm live ammunition from the Diffa region, Republic of Niger, to one Malam Ahmad, a member of the Boko Haram terrorist group based in Borgu, Niger State, and thereby committed an offence contrary to Section 26(1) of the Terrorism (Prevention and Prohibition) Act, 2022.
Primate Elijah Ayodele, is on the verge of coughing out a whopping N10billion, if he fails to offer unrestrained apology to Rabiu Musa Kwankwaso, former Governor of Kano State within the next 24 hours, and retract his claim that the former Minister of Defence is bidding his time to betray Peter Obi, to whom he is to contest the 2027 presidential election as a running mate.
Without doing so, the controversial cleric, should be ready for a major court battle with the vice-presidential candidate of the Nigeria Democratic Congress (NDC), the platform on which the pair is to contest the election.
In a letter indicating a legal action against Ayodele of the INRI Evangelical Spiritual Church over defamatory remarks, Kwankwaso, through Magaji Mato Ibrahim, SAN & Co., his lawyers demanded an immediate retraction and apology from the cleric over the allegations.
Details of the letter, dated June 11, and unveiled through the X platform of the legal team, was based on a viral video recorded during a live-streamed church service, where the preacher made allegations targeting Kwankwaso’s integrity as Peter Obi’s running mate under the NDC.
Quoting the cleric as stating: “KWANKWASO IS A FAKE TO OBI, KWANKWASO WILL BETRAY YOU. KWANKWASO HAS BEEN PAID TO BE VICE PRESIDENT TO OBI AMONG OTHER LIBELOUS COMMENTS WHILE PRETENDING TO BE A PREACHER,” the former governor said the comments were unprovoked, grossly unfounded, and carefully designed to create a rift within the ranks of the political party and its supporters.
Handing Ayodele a 24-hour ultimatum to publish a full and unequivocal retraction across all social media platforms and news outlets with the same prominence as the original video, they also demanded a written undertaking that he would cease and desist from making any further malicious statements against their client, warning that failure to comply, would lead to full legal actions.
The letter stated: “We shall claim substantial damages to the tune of Ten Billion Naira and cost of the action on a full indemnity basis amongst other reliefs.”
President Bola Ahmed Tinubu on Tuesday demanded the immediate end to the exportation of minerals from countries in Africa in their raw forms, which he said had led to massive exploitation of the continent.
The President, told member countries of the African Minerals Strategy Group (AMSG), a forum of Ministers in charge of Mining and Solid Minerals on the continent to speak with one voice to promote, collective interests, ensure value addition, and prevent the continent from becoming merely a source of raw materials for the rest of the world.
As the Grand Patron of the group, chaired by Dele Alake, Nigeria’s Minister of Solid Minerals Development, gave the charge while receiving a delegation of AMSG in the State House, Tinubu told the delegation that the group had a critical role to play in strengthening Africa’s bargaining power in the global mineral market and ensuring that the continent derives maximum value from its natural resources.
His words: “ What we should do is avoid bureaucracy and deceit; we must put an end to exploitation. The rest of the world won’t mind if your country is a cesspit of dams and rubbish and excavates your raw materials without giving value.
“It is our responsibility to collaborate and cooperate to ensure that these metals and minerals bring value to us, bring technology to us, and we can do it. It is how much each country will put into the research, development and refinery. I don’t see reasons we cannot demand centralisation of that conversation somewhere on the continent. So why not utilise that in our research and development and knowledge-based economy to enhance the quality of life and bring prosperity to our people.”
Emphasising that Africa possessed enormous mineral wealth that should be strategically harnessed to drive industrialisation, create jobs and accelerate economic transformation across the continent, the President, said the era of exporting raw minerals without local processing and beneficiation must give way to a new model that encourages investment in local industries, technology transfer and the development of value chains that retain wealth within Africa.
Alake, who had earlier expressed gratitude to the President for his exemplary leadership under the Renewed Hope Agenda, said the gesture had shown support for Nigeria’s mineral sector, especially in the local value-addition and economic diversification drive, where artisanal miners are empowered.
He told the President: “You encouraged us to look at the focal point of the establishment of this group, which is to ensure that the African natural resources, especially with regards to minerals, critical matters, are localised, the beneficiation coming directly to Africans generally.
“You charged us that we should set our sails very high and ensure that local value addition is a pivot around which all the objectives of this organisation should revolve.
“So, sir, we have gone implemented your charge and we are quitted that today local value addition is reverberating all over Africa.”
He added that some member countries have gone ahead to ban the export of raw minerals.
He explained members of the body were in Abuja for the Fifth edition of the African Natural Resources and Energy Investment Summit (AFNIS 2026), to push for a new continental approach to resource management and industrial development.
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