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“Nigerians Drowning in Debt? Sell Government Waste, Says Aigbogun”
Frank Aigbogun, Publisher and Chief Executive Officer of BusinessDay, has urged the Federal Government to immediately sell off idle and underperforming national assets as a strategic measure to tackle Nigeria’s ballooning debt burden.....KINDLY READ THE FULL STORY HERE▶
According to NIVONEWS, Aigbogun made the call during his opening remarks at the 17th edition of the BusinessDay CEO Forum, held Thursday in Lagos under the theme “Nigeria: From Reform to Recovery.”
“We want to see quick movement on the fiscal side, especially on the long-awaited asset sale. This will avoid piling debt for generations unborn. I don’t see how it’s more attractive to take on more debts than to sell some of the assets we see around Nigeria,” Aigbogun said.
Nigeria’s debt profile has soared to nearly ₦150 trillion as of Q1 2025, with projections suggesting it could surpass ₦187 trillion before year’s end. According to NIVONEWS, the estimated value of dormant or underutilised federal assets is over ₦180 trillion—resources that, if liquidated, could fund long-term productivity-enhancing infrastructure and reduce the nation’s dependence on borrowing.
Aigbogun also commended the reform measures rolled out by the Tinubu-led administration over the past 18 months, asserting that Nigeria may have begun to “turn the corner.” He noted a gradual revival in investor interest and an easing of economic volatility.
According to NIVONEWS, Aigbogun highlighted that the pace of inflation is beginning to moderate, and businesses are starting to find more stability in the economic environment, indicating cautious optimism about Nigeria’s recovery trajectory.
”NIVONEWS REPORTS”
Former lawmaker, Senator Shehu Sani, has weighed in on the escalating crisis within the Peoples Democratic Party (PDP), joking that the party’s remaining governors may soon have to constantly reassure each other of their loyalty.....KINDLY READ THE FULL STORY HERE▶
Sani shared his remark on X on Wednesday, noting that if PDP is eventually left with only two governors—Seyi Makinde and Bala Mohammed—they might find themselves frequently checking in with one another.
“Now that the PDP has only two governors remaining, the two will have to be calling each other every hour to be sure…with words like ‘I hope we are still together’ or ‘I hope you still dey,’” he wrote.
His comment comes amid rising tensions following a Court of Appeal ruling, which upheld earlier judgments preventing the Independent National Electoral Commission (INEC) from recognising the results of the party’s disputed national convention in Ibadan, Oyo State, in November 2025.
The court found that the convention violated both statutory requirements and the PDP constitution, further deepening divisions within the party.
The National Chairman of the All Progressives Grand Alliance (APGA), Sylvester Ezeokenwa, has urged the Independent National Electoral Commission (INEC) to reintroduce the indirect mode of primaries.....KINDLY READ THE FULL STORY HERE▶
Ezeokenwa made the call on Tuesday during an appearance on Channels Television’s Politics Today, speaking on the electoral framework as the 2027 general elections approach.
He explained that while political parties can technically conduct direct primaries, logistical challenges make indirect primaries more practical, especially for smaller parties.
“It’s not about electing a candidate indirectly at the general election. If INEC could conduct elections during the COVID-19 era, political parties can certainly hold direct primaries,” Ezeokenwa said.
However, he noted that the stance of IPAC (Inter-Party Advisory Council) highlights a critical concern: “The National Assembly’s position on primaries tends to stifle smaller political parties, which often lack the resources to organize direct primaries on a large scale.”
He added, “Consider nominating a presidential candidate and conducting primaries across over 8,800 wards nationwide. The logistical demands of direct primaries are immense. That is why IPAC is urging the National Assembly to bring back the indirect mode of primaries.”
Prominent businessman Obi Cubana has declared his support for President Bola Tinubu via the newly launched City Boy Movement, a youth-centered initiative focused on educating and empowering communities to drive national development.....KINDLY READ THE FULL STORY HERE▶
Speaking during a meeting with Enugu State Governor Peter Mbah, Cubana clarified that the movement is not a political party, but a platform supporting Tinubu’s re-election bid.
“The unique aspect of this movement is that it’s composed mostly of young businessmen, not politicians. Our mission is to uplift our communities by educating and reorienting people about our collective path forward,” he said.
Cubana stressed the importance of unity and constructive engagement with the Federal Government. “We believe in the leadership of Asiwaju Bola Ahmed Tinubu. As young professionals and successful entrepreneurs, we are letting our people know that we are fully behind the President and his re-election. Igbo voices must be included at the center, and divisive politics should be avoided,” he added.
He highlighted the need for regional development and connection to federal initiatives, noting, “There must be balance and recognition of every region. Our communities need access to infrastructure, gas, and rail systems.”
Cubana further emphasized that meaningful progress requires collaboration with the government. “Opposition without engagement won’t leave a lasting impact. The City Boy Movement stands on Tinubu’s mandate. Our aim is the advancement of Igbo land, and it is our responsibility to educate our people. We are solidly behind Tinubu,” he concluded.
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