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Peter Obi Sounds Alarm Over Nigeria’s Soaring Borrowings: Calls For Prudent Management Of Resources

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Peter Obi Sounds Alarm Over Nigeria’s Soaring Borrowings: Calls For Prudent Management Of Resources....KINDLY READ THE FULL STORY HERE▶

In a candid expression of concern, former presidential candidate Peter Obi has voiced apprehension over Nigeria’s escalating debt profile, urging for greater transparency and accountability in the management of borrowed funds….READ ALSOPeter Obi Warns That CBN’s 22.75% Interest Rate Will Worsen Economic Conditions, Leading To Increased Job Losses

 

 

Obi, who contested in the 2023 presidential elections under the Labour Party (LP), took to his official social media platform to articulate his unease regarding the country’s borrowing practices. He lamented the lack of visible investment and development projects corresponding to the astronomical debt accrued over the years.

Highlighting the staggering debt figures, Obi underscored the need for a comprehensive evaluation of previous borrowings and a reassessment of the nation’s borrowing trajectory. He particularly raised alarm over the addition of approximately N10 trillion to Nigeria’s debt portfolio within a single quarter, without commensurate utilization or tangible benefits to the nation.

Drawing attention to the exorbitant debt-servicing costs, which surpass budgetary allocations for critical sectors like defense, education, health, and infrastructure combined, Obi called on the government to exercise restraint in borrowing and prioritize prudent resource management.

In his vision for a “New Nigeria,” Obi envisioned a paradigm shift from consumption-driven to production-oriented economic strategies, emphasizing the importance of judiciously managing scarce resources to foster sustainable development and prosperity.

As Nigeria grapples with the challenges posed by its mounting debt burden, Obi’s impassioned plea for fiscal responsibility resonates as a call to action for policymakers to steer the nation towards a path of economic resilience and progress.

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UNICEF Breaks Silence! The Truth Behind The Viral Photos Of Messi And Baby Lamine Yamal!.

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UNICEF has officially authenticated the viral images of Lionel Messi bathing an infant Lamine Yamal, confirming they are not digitally altered.....KINDLY READ THE FULL STORY HERE▶

  • Origin: The images were captured over 18 years ago by Spanish photographer Joan Monfort during a UNICEF charity calendar photoshoot intended to raise funds.

  • Participants: The shoot featured a young Lionel Messi, the infant Lamine Yamal, and Yamal’s mother, Sheila.

  • Clarification: UNICEF addressed public skepticism and rumors of image manipulation by explicitly confirming the authenticity of the photos on their platform.

  • Current Roles: Both Messi and Yamal now serve as UNICEF Goodwill Ambassadors, utilizing their respective platforms to advocate for children’s rights globally.

  • Symbolism: Many fans view the resurfaced images as a symbolic “passing of the torch” between two football generations, a sentiment highlighted as Messi’s Argentina prepares to face Yamal’s Spain in an upcoming FIFA World Cup match.

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Ambassadorial Nomination Under Fire: Frank Tie Tie Exposes ‘Mistake’ Regarding Ex-FUOYE VC Fasina!.

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Human rights lawyer Frank Tietie has criticized the nomination and subsequent confirmation of Professor Abayomi Fasina, the former Vice-Chancellor of the Federal University, Oye-Ekiti, as a non-career ambassador designate.....KINDLY READ THE FULL STORY HERE▶

  • Prior to his confirmation, a coalition of civil society organizations protested at the National Assembly on July 7, 2026, opposing Fasina’s nomination due to pending court cases involving allegations of sexual harassment, human rights violations, and victimization.

  • Despite these protests, the Nigerian Senate officially confirmed Fasina’s appointment as a non-career ambassador on Thursday.

Frank Tietie’s Position

  • During an interview on ARISE Television, Tietie argued that nominating an individual with such “baggage” was a mistake, emphasizing that ambassadors represent Nigeria in the same capacity as the President.

  • Tietie stated that the government should have sent the “right signals” by avoiding such controversial appointments, especially given the current state of governance.

  • He argued that even in the absence of a final court judgment, the allegations themselves have “tainted” Fasina’s reputation, and the Senate should have delayed the confirmation until the legal matters were resolved.

  • Tietie also suggested that the National Assembly’s decision overlooks significant social changes regarding how such allegations are now viewed by society.

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“They Want Me Gone!” Peter Obi Speaks Out Amidst Mounting Assassination Fears!.

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Peter Obi, the 2027 presidential candidate for the Nigeria Democratic Congress (NDC), has publicly claimed that there was an orchestrated plan to assassinate him in April 2025 during a scheduled humanitarian trip to Benue State. He detailed these allegations during a high-level roundtable discussion in Berlin, Germany.....KINDLY READ THE FULL STORY HERE▶

  • The Venue: Obi made the disclosure while participating in the “Nigeria in 2027 and Beyond” roundtable, an event organized by the European Council on Foreign Relations (ECFR) in Berlin.

  • The Benue Incident: The former Anambra State governor explained that his planned outreach in Benue State was initially halted after the state government issued a cautionary directive advising him against making the trip.

  • The Attack: Obi claimed that a shootout actually occurred when he attempted to visit the location, confirming his fears of an active plot against his life.

  • Frustration Over Skepticism: Expressing deep disappointment over the state government’s handling of the situation and the public’s doubt regarding his safety, Obi challenged the skepticism. He emphatically asked, “What else do you need? Do you need somebody to die before you believe it? There was already a shootout when I tried to visit the place. Once they said, ‘Don’t come here.’ What else do you want me to tell you about the attempt on my life.”

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