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Speaker Abbas cautions on Nigeria’s borrowing, calls for urgent reforms

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Nigeria’s mounting debt crisis has triggered a strong warning from the Speaker of the House of Representatives, Abbas Tajudeen, who cautioned that the nation’s borrowing has breached its statutory ceiling and now poses a threat to fiscal stability.

The Speaker raised he alarm on Monday at the opening of the 11th Annual Conference and General Assembly of the West Africa Association of Public Accounts Committees, held at the National Assembly in Abuja.

The conference, which drew parliamentarians, development partners, and financial experts from across West Africa, is focusing on the theme “Strengthening Parliamentary Oversight of Public Debt: The Role of Finance and Public Accounts Committees.”

In his speech, Abbas expressed concerns that Nigeria’s debt had reached “a critical point” and called for urgent reforms in borrowing practices and oversight.

“As at the first quarter of 2025, Nigeria’s total public debt stood at N149.39 trillion, equivalent to about US$97 billion. This represents a sharp rise from N121.7 trillion the previous year, underscoring how quickly the burden has grown.

“Even more concerning is the debt-to-GDP ratio, which now stands at roughly 52 per cent, well above the statutory ceiling of 40 per cent set by our own laws.

“This is not just a budgetary concern but a structural crisis that demands urgent parliamentary attention and coordinated reform,” the Speaker warned.

The revelation comes at a time when debt servicing continues to gulp a significant portion of government revenue, leaving little room for critical spending on infrastructure, health, and education.

According to fiscal experts, Nigeria now spends more on repaying loans than on social services, raising fears that the economy may be edging toward unsustainable levels.

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Abbas described the breach of the debt limit as “a signal of strain on fiscal sustainability,” stressing the need for “stronger oversight, transparent borrowing practices, and a collective resolve to ensure that tangible economic and social returns match every naira borrowed.”

He drew parallels with the wider African debt landscape, where several countries are trapped in spiralling debt service obligations.

To mitigate fiscal risks, the Speaker announced that Nigeria is ready to champion the establishment of a West African Parliamentary Debt Oversight Framework under WAAPAC.

The framework, he explained, would harmonise debt reporting across the sub-region, set transparency standards, and empower parliaments with timely data to scrutinise borrowing practices.

In addition, he unveiled plans for a regional capacity-building programme for Public Accounts and Finance Committees, designed to equip members with modern tools for debt sustainability analysis and fiscal risk assessment.

While acknowledging that borrowing remains an important tool for development, Abbas warned against reckless debt accumulation.

“Borrowing should support infrastructure, health, education, and industries that create jobs and reduce poverty. Reckless debt that fuels consumption or corruption must be exposed and rejected.

“Oversight is not just about figures but about the lives and futures behind those figures,” he stressed.

The Speaker further reiterated the 10th House’s commitment to transparency and accountability in public finance. He said under its Open Parliament Policy, all major borrowing proposals would be subjected to public hearings, while simplified debt reports would be made available to citizens.

Abbas urged participants to approach deliberations with dedication, noting that the resolutions would play a vital role in strengthening fiscal responsibility and accountability across the continent.

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NDLEA trains NYSC members in Edo

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The National Drug Law Enforcement Agency (NDLEA), Edo Command on Thursday trained members of the National Youth Service Corps Drug Free Club as anti-drug abuse advocates.

The specialised one-day “Anti-Drug Abuse Train the Trainer” seminar, held in Benin on Thursday, was meant to strengthen grassroots sensitisation and prevention efforts among young people.

Speaking during the event, Mitchell Ofoyeju, who is the state Commander of the NDLEA, said the initiative was designed to equip corps members with the knowledge and skills required to champion drug abuse prevention campaigns in their communities.

Ofoyeju, who officially decorated the President of the NYSC Drug Free Club, Patience Ichin, as a War Against Drug Abuse partner, urged the corps members to serve as role models and peer educators in the fight against substance abuse.

He also presented copies of the NDLEA Edo State Command magazine to participants to support their advocacy activities.

Delivering a lecture titled, “Drug Use Among Youth: A Global Perspective,” Ofoyeju highlighted the growing prevalence of substance abuse among young people and its social, health and security implications.

According to him, youths remain one of the most vulnerable groups affected by drug abuse, making preventive education and community engagement critical in tackling the menace.

Also speaking, the Head of Counselling, Treatment and Rehabilitation of the command, Hope Aigbogun, stressed the importance of the NYSC Drug Free Club in combating drug abuse.

Aigbogun described corps members as strategic change agents capable of influencing positive behavioural change among their peers and within communities.

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The training also featured a drug exhibition session where participants were exposed to various illicit substances and educated on their harmful effects

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Atiku demands release of El-Rufai before Eid celebrations, says detention unfair

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Ex-Vice President Atiku Abubakar on Friday called on federal authorities and the Kaduna State Government to immediately release former Kaduna State Governor Nasir El-Rufai, describing his continued detention before the Eid-el-Kabir celebrations as “cruel, unjustifiable, and deeply troubling.”

Atiku described the situation as a violation of civil liberties, democratic norms and the rule of law, and warned against the use of state institutions to intimidate perceived political opponents.

The position was contained in a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu.

The former vice president, a chieftain of the African Democratic Congress, described El-Rufai’s continued detention as politically provocative and inconsistent with the principles of justice and democracy.

He said: “At a time when millions of Muslims across Nigeria and around the world are preparing to celebrate Eid-el-Kabir — a sacred season of sacrifice, compassion, forgiveness, and family reunion — it would be unconscionable for any government to weaponise state power in a manner that denies a citizen his liberty without just cause, particularly in circumstances that raise legitimate concerns about political persecution.

“Eid is a time for mercy, reconciliation, and humanity. There is absolutely no justification for keeping a man away from his family during such a solemn and spiritually significant occasion, especially where due process has not been clearly demonstrated.

“I therefore call for the immediate release of Mallam El-Rufai and urge all relevant authorities to rise above political bitterness and act in the interest of justice, peace, and national cohesion.”

Atiku said the Federal Government and Kaduna State authorities must ensure that democracy is judged by how fairly perceived opponents are treated, warning that selective justice undermines confidence in the rule of law.

He said that if the former Kaduna governor is being detained through a legal process, authorities should be transparent with Nigerians.

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“Mallam El-Rufai, regardless of political differences or shifting alliances, remains a Nigerian citizen entitled to the full protection of the Constitution, including his rights to dignity, liberty, and due process.

“Democracy does not grant the government the licence to punish dissent, settle political scores, or deploy coercive institutions as instruments of intimidation.

“The Federal Government and the Kaduna State authorities must understand that selective justice is injustice. The credibility of any democracy is measured not by how it treats loyalists, but by how it treats perceived opponents,” he said.

The demand comes one week after the Independent Corrupt Practices and Other Related Offences Commission announced that a Federal High Court in Kaduna granted El-Rufai access to medical treatment while in custody.

The ruling followed a plea by defence counsel during proceedings in the ongoing trial of the former governor over alleged money laundering and corruption-related offences.

El-Rufai and co-defendant Joel Adoga are facing a 10-count charge before Justice Rilwan Aikawa of the Federal High Court, Kaduna, bordering on alleged conversion and possession of proceeds of corruption, as well as money laundering contrary to the Money Laundering (Prevention and Prohibition) Act, 2022.

Both defendants pleaded not guilty to the charges.

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Sand depletion threatens construction, food security — LASG

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The Lagos State Government has raised alarm over the growing sand depletion deposits across the state, warning that unchecked dredging activities could worsen construction costs, damage aquatic ecosystems and threaten food security.

“We need proper data. We need to know how many people are dredging, how much sand is being dredged daily, and what is left within those areas,” the Commissioner for Waterfront Infrastructure Development, Dayo Bush Alebiosu, said during the ministry’s two-year scorecard presentation at the annual ministerial press briefing held at the Bagauda Kaltho Press Centre.

Alebiosu said increasing demand for sand used in reclamation and infrastructure projects, particularly within the Lekki-Ajah corridor, had intensified pressure on available deposits across Lagos.

According to him, developers handling reclamation projects in Lekki and Ajah now source sand from communities as far as Ikorodu, pumping materials across distances of between 10km and 12km because deposits in closer locations are becoming exhausted.

He said the development confirmed fears that sand resources around Ajah were gradually running out, stressing that the state government has become more cautious in issuing dredging licences and permits.

The commissioner warned that the continued depletion of sand reserves could significantly increase the cost of construction and infrastructure delivery in Lagos, thereby placing additional pressure on housing and urban development.

He also linked indiscriminate dredging to threats to food security, especially in fishing communities that depend on healthy aquatic ecosystems for their livelihoods.

“It is putting food security at risk. We are encouraging people to consume more protein, such as fish, but whenever dredging disturbs aquatic life, fishermen are forced to work harder, and naturally, the cost of fish goes up,” he said.

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According to Alebiosu, aggressive dredging disrupts aquatic microorganisms and marine habitats, forcing fishermen to travel farther and spend more resources before making catches.

The commissioner further disclosed that host communities are increasingly facing infrastructural damage caused by heavy-duty dredging equipment and commercial activities associated with sand excavation.

He cited Ibese as one of the affected communities where roads and public infrastructure have reportedly deteriorated due to dredging operations.

Alebiosu said the Ministry of Waterfront Infrastructure Development remains the agency legally empowered to regulate dredging and sand dealing activities in Lagos State.

He added that the ministry collaborates with relevant agencies, including the Ministry of Environment and Physical Planning, as well as host communities, to tackle illegal dredging through monitoring, enforcement and whistleblowing mechanisms.

The commissioner also urged residents to support enforcement efforts by reporting illegal dredging activities, noting that some operators deliberately conceal their activities to evade detection.

“We cannot continue blaming foreigners alone. We must ask ourselves how they got there in the first place. They definitely have the connivance of some locals,” he said.

The Lagos State Government reaffirmed its commitment to stricter regulation of dredging activities to curb environmental degradation, protect waterfront communities and ensure the sustainable use of natural resources across the state.

A statement released later on Thursday by the Director, Public Affairs of the Ministry of Waterfront Infrastructure Development, Morenikeji Akodu, noted that commissioner warned that the increasing desperation for sand across Lagos was already exposing the dangers of over-exploitation of waterways and coastal resources.

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He also warned that the development pointed to mounting pressure on available sand deposits across the state and underscored the need for stricter regulation and proper monitoring of dredging activities.

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