State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
Category : Search result: Ogun State debt
Akpabio Calls for Remo-Ijebu Unity for New State
Senate President Godswill Akpabio urges Remo people to collaborate with Ijebu kinsmen for Ijebu-Remo State creation at Remo Day 2025. Governor Abiodun announces airport cargo ops.
Abiodun Promises Historic Peaceful Transition in Ogun for 2027
Ogun State Governor Dapo Abiodun pledges a seamless 2027 power transfer, citing economic expansion and infrastructure as his legacy. Read his full Christmas message and vision for the state's future.
LCCI: N15.52tr Debt Service a Huge Fiscal Burden
LCCI warns Nigeria's N15.52 trillion debt service allocation threatens economic stability. DG Chinyere Almona calls for stricter borrowing, revenue mobilisation. Read the full analysis.
Power Grid Crashes to 3,000MW, N5 Trillion Lost
Nigeria's power crisis deepens as grid output averages 3,000MW, far below 13,625MW capacity. Experts blame N4 trillion debt and poor remittance, leaving many in darkness this Christmas. Read the full analysis.
N2.7 Trillion Spent on External Debt Service in Q2 2025
Nigeria's debt burden deepens as 45.2% of Q2 2025 revenue goes to servicing external loans. Experts warn of fiscal risks and crowding out of critical spending. Read the full analysis.
DMO Sells N1.6tn T-Bills, Bonds Demand Spikes in November
Nigeria's debt market surged in Nov 2025 with DMO selling N1.6tn in T-bills. FGN Bonds & OMO Bills saw massive oversubscription as the Naira appreciated. Full market analysis inside.
Nigeria's Q2 2025 External Debt Service Hits N2.70tr
Nigeria's external debt service consumed 45.2% of Q2 2025 revenue, as total public debt stock rises to N152.40 trillion. Experts warn of exchange-rate risks and financing conditions.
Ogun Assembly Directs TRACE to Tackle Kuto Flyover Parking
Ogun State House of Assembly mandates TRACE to end illegal parking under Abeokuta's Kuto Flyover to improve safety. State also reveals plans for a state-owned airline and modern bus terminals. Read more.
DMO Issues Fresh Warning to States Over Borrowing Rules
The Debt Management Office urges state governments to strictly comply with borrowing laws to avoid loan approval delays. Learn the key guidelines for responsible debt management.
ADC: 2026 Budget Built on Quicksand, More Debt
The African Democratic Congress (ADC) criticizes Tinubu's 2026 budget proposal, calling it fiscally reckless and a debt trap that mortgages Nigeria's future. Read their full analysis.
Telefonica Cuts 5,500 Jobs in Spain
Telefonica announces a massive voluntary departure plan affecting 5,500 employees in Spain, costing €2.5 billion. The move is part of a new strategic focus. Read more.
Supreme Court rules for Fidelity Bank in N30bn debt suit
Nigeria's Supreme Court has delivered a final judgment in a two-decade debt dispute, ruling in favour of Fidelity Bank. The court set key terms for the N30 billion repayment. Read the full details.
Ogun Appoints New Statistician-General, Adebayo
Governor Dapo Abiodun appoints Mrs. Omolara Adebukola Adebayo as Ogun State's new Statistician-General to strengthen data operations. Also, police aid defrauded Cameroonian national in Ibafo.
Ogun Assembly Commends Housing Ministry's Achievements
Ogun State House of Assembly commends the Housing Ministry for affordable housing and GRA regeneration. Commissioner unveils new legacy projects for 2025, including an International Conference Centre.
Ogun Assembly Commends Housing Ministry on GRA Regeneration
Ogun State House of Assembly lauds Housing Ministry for affordable housing and GRA regeneration. Commissioner unveils plans for an International Conference Centre, Appeal Court complex, and more. Governor appoints new Statistician-General.
Visa Scam: Cameroonian Woman Loses N2m in Ogun
A Cameroonian woman was defrauded of over N2 million in a visa scam in Ibafo, Ogun State. Swift police action led by the DPO ensured her welfare and safe return. Read how the incident unfolded.
Ogun Customs Seizes ₦2.6B Drugs, Contraband
Nigeria Customs Service in Ogun intercepts heroin, cannabis, spaghetti, and oil worth billions in major crackdown. Read details of the intelligence-led operations.
Nigeria's Debt, Salaries Exceed Revenue in 2025
Nigeria's Federal Government spent more on debt servicing and salaries than it earned in 2025's first seven months, with a N10.19tn revenue shortfall. Oil earnings slumped over 60%. Read the full analysis.
Okada Riders Clash with Ogun Councils Over N200 Insurance Fee
Commercial motorcyclists in Abeokuta protest a new N200 daily health insurance levy, calling it exploitation. Council chairmen defend the scheme as vital welfare. Read the full story.
Okada Riders Kick Against Daily Insurance Fee in Ogun
Okada riders in Abeokuta protest a new ₦200 daily insurance premium, calling it an extra burden. Council chairmen defend the scheme as vital health coverage. Read the full story.
Gas Issues, N6tr Debt Cripple Nigeria's Power Generation
Nigeria's electricity supply plummets due to gas constraints and a massive N6 trillion debt owed to power generation companies. Find out why the grid remains unstable.
FG Issues N1.23tr Bond to Settle Power GENCO Debt
The Federal Government plans a N1.23 trillion bond to clear debts owed to power generation companies and restore liquidity in the electricity market. Read more.
DMO to States: Comply with Fiscal Responsibility Act on Loans
The Debt Management Office has urged state governments to strictly adhere to the Fiscal Responsibility Act when borrowing. DMO DG Patience Oniha says compliance is non-negotiable for sustainable public finance. Read more.
Reps summon 3 DisCos over N100bn debt to FG
The House of Representatives Public Accounts Committee has summoned IBEDC, BEDC, and PHEDC over an alleged N100 billion debt. The companies have 72 hours to appear or face sanctions. Read more.
LP to Sue Ogun State Over N1.669 Trillion Budget Loan
Labour Party warns Governor Dapo Abiodun against borrowing to fund Ogun's 2026 budget, threatens court action. Details on the N518.9bn debt plan and political showdown.
ADC to Protest FG's N500bn Debt to Contractors, Pensioners
The African Democratic Congress (ADC) threatens to join ongoing protests by unpaid local contractors and pensioners. The party condemns the APC-led Federal Government's staggering debts, calling it insensitive governance.
Worker stabs supervisor over N10,000 debt in Rivers
A 35-year-old construction worker, Joshua, is in police custody after allegedly stabbing his supervisor into a coma over a N10,000 payment dispute in Ikwerre LGA. The victim is hospitalized, calling for justice.
Lawmaker seeks sack of Finance Minister over N4tr debt
Rep. Ikenga Ugochinyere calls for the dismissal of Finance Minister Wale Edun and FIRS Chairman Zacch Adedeji over N4 trillion unpaid contracts, accusing them of sabotaging Tinubu's agenda. Contractors protest non-payment.
Nigeria starts N185bn gas legacy debt repayment
The Federal Government has commenced settling N185 billion in legacy debts to gas producers. This move, approved by NEC, aims to revitalize the gas sector, improve electricity generation, and stimulate economic growth. Read more.
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