EVERY NIGERIAN, INCLUDING NEWBORNS, NOW OWES ABOUT N700K AS NIGERIA'S PUBLIC DEBT HITS N166.79TN

Every Nigerian, including newborn babies, is now carrying an estimated debt burden of about ₦700,000, according to Tolulope, a presenter with Nairametrics.

Speaking on Nigeria’s rising debt profile, Tolulope said the country’s external debt had climbed from approximately $43.1 billion when President Bola Ahmed Tinubu assumed office to about $54.5 billion by June 2024, representing an increase of roughly $11.4 billion.

She added that domestic debt also jumped from around ₦59 trillion to ₦91.5 trillion. Combined, Nigeria’s total public debt currently stands at ₦166.79 trillion.

According to the presenter, the Federal Government also projected borrowing an additional ₦29.2 trillion under the 2025 budget.

The government has maintained that the funds being borrowed are largely being channelled into economic reforms, infrastructure and other development initiatives.

However, Tolulope noted that the growing debt raises questions about its impact on ordinary Nigerians, particularly if debt-servicing costs begin to put pressure on government spending, taxation and the wider economy.

She explained that while borrowing could provide funding for roads, electricity and other developmental projects, the key issue is whether the borrowed money is generating sufficient economic growth, employment opportunities, infrastructure and government revenue to justify the additional burden.

“The real question is not simply whether Nigeria’s debt has increased, but whether the borrowed funds are producing enough economic growth, jobs, infrastructure, and government revenue to justify the additional debt burden,” she said.

TRENDING ON RWGBLOG NEWS

SLEEPING FOR NINE HOURS A NIGHT LINKED TO HIGHER RISK OF EARLY DEATH THAN GETTING LESS THAN SIX HOURS OF SLEEP - STUDY

Image
Sleeping for nine hours or more every night could be linked to a higher risk of early de@th, according to a new study. Researchers tracked the sleeping habits of more than 3,000 people over 30 years and found that those who slept seven to eight hours nightly had the lowest mortality rate. The study recorded 10.57 de@ths per 1,000 people among those sleeping seven to eight hours. The figure rose slightly to 10.97 among those getting fewer than six hours of sleep, while people sleeping more than nine hours recorded the highest rate at 11.27 deaths per 1,000. The researchers said sleeping for longer was associated with a 17 per cent higher risk of dying from any cause, although the precise reasons remain unclear. They noted that people who sleep for longer may be more likely to have high blood pressure and increased inflammation, while excessive sleep could also affect the body’s internal clock, hormonal regulation and immune system. The Taiwanese researchers said sleep durati...
Continue Reading »

A BIRD AT HAND IS WORTH MORE THAN A MILLION IN THE BUSH - VICTOR TOMBARI URGES OGONIS TO DEMAND AN OGONI GOVERNOR FOR NOW

Image
Ogoni leader and political stakeholder, Victor Tombari Pidomson, has responded to growing calls for the creation of Ogoni State, describing the demand as a brilliant idea but noting that achieving state creation through Nigeria’s democratic system may be a difficult and lengthy process. Speaking with RwGBlog News, Pidomson commended Ogonis for advocating for the creation of an Ogoni State but urged them to first channel their efforts towards producing an Ogoni governor. According to him, securing the governorship would be a more immediate political objective, after which the agitation for state creation could be pursued more vigorously. He stressed that Ogonis should focus on what he described as an achievable political goal before pursuing the longer-term demand for state creation. “A bird at hand is worth more than one million in the bush. The Ogoni should demand for a governor for now,” he said.
Continue Reading »

PLATEAU MAN ALLEGEDLY DISCONNECTS COMMUNITY POWER, WATER AFTER LOSING ELECTION

Image
A man in Plateau State has reportedly disconnected electricity and water supplies from his community after losing an election, allegedly because he personally financed the projects. According to reports circulating online, the man allegedly removed the transformer he had installed in the community and took away electrical cables, leaving residents without power. He was also said to have disconnected the community’s water supply, reportedly removing pipes, tanks and submersible pumps that he had personally provided. In an alleged message to the residents, the man reportedly told them to approach the person they voted for to provide electricity and water for them. The controversy reportedly extended to education, with claims that he terminated scholarship support for about 60 students whom he had previously sponsored. According to the account, he blamed the parents of the beneficiaries for failing to support him during the election, which he subsequently lost. The development...
Continue Reading »

BREAKING NEWS: JONATHAN, ASARI DOKUBO, OTHERS ATTEND CORONATION OF CHARLES DOUGLAS MACPEPPLE AS KING OF OPOBO

Image
Opobo Kingdom has witnessed another historic moment as Charles Douglas Macpepple Jaja, Jeki VI, was reportedly crowned the new King of Opobo. The grand coronation ceremony, held in Opobo Kingdom, Rivers State, attracted dignitaries and prominent personalities from across Nigeria and beyond. Among those in attendance were former President Goodluck Jonathan, former First Lady Patience Jonathan, Asari Dokubo, former Rivers State Commissioner Dakuku Peterside, the King of Bonny Kingdom, the Deputy Governor of Rivers State, and several other distinguished guests. The colourful ceremony marked a significant moment in the history and traditional institution of Opobo Kingdom. Below are highlights from the historic event.
Continue Reading »

IN MY ALMOST 40 YEARS IN POLITICS, I HAVE NEVER SEEN A PRESIDENT WITH BETTER PLAN FOR NIGERIA THAN TINUBU - AMINU MASARI

Image
Former Speaker of the House of Representatives, Aminu Masari, has praised President Bola Tinubu, saying that in his almost 40 years of political involvement, he has never seen a Nigerian president with better plans for the country. Masari made the statement while addressing a group of women at a recent public function in Kaduna. His remarks were contained in a video shared by Hausa-language media outfit HM Arewa on Facebook on Tuesday. “Even if I were asked to swear, on my age and my political involvement for almost 40 years, I can confidently say I have never seen a president with better plans to make Nigeria great than Bola Ahmed Tinubu. I have simply never seen anyone like him,” Masari said. He also dismissed claims that Tinubu’s administration has achieved little, saying such criticism is similar to attacks faced by previous presidents. Masari cited former President Olusegun Obasanjo, who he said was accused of tribalism and sectionalism after his first term ended in 19...
Continue Reading »

NUTRITIONISTS WARNS NIGERIANS AGAINST BOILING EGGS AND RICE TOGETHER

Image
Registered dietician-nutritionists have urged Nigerians to stop boiling unpeeled eggs and rice together in the same pot, warning that the practice could increase the risk of cross-contamination and foodborne infections. The experts explained that Salmonella and E. coli may be present on eggshells and could contaminate rice as both foods cook together. They noted that bacteria may survive while the water is still warming before reaching boiling point. Speaking with PUNCH Healthwise, Registered Dietitian-Nutritionist James Oloyede said rice begins absorbing water as soon as it is placed in the pot, meaning bacteria in contaminated water could be absorbed along with it. Oloyede said, “Cooking egg and rice together in the same pot has been found to be a risk factor in cross-contamination of certain bacteria, especially Salmonella, that can be found on the shell of the egg even after washing with the rice that is being cooked.” “The safest way of cooking egg and rice is to boil ...
Continue Reading »

OVER 74,000 WORSHIPPERS FILL OLD TRAFFORD, FOR PASTOR JERRY EZE'S NSPPD PRAYERS AND DECLARATION U.K CONFERENCE

Image
Old Trafford, the iconic 74,000-capacity home of Manchester United, was transformed into a house of worship on Saturday, September 26, as Nigerian pastor Jerry Eze led the NSPPD UK Prayer Conference that drew thousands of believers. The event, hosted by Streams of Joy International, featured several well-known gospel ministers alongside Eze, including Sunmisola Agbebi, Mercy Chinwo, Dunsin Oyekan, and Kaestrings.  Together, they led attendees in prayer, worship, and fellowship, turning the football arena into a theatre of praise and worship. Prior to the event, local media reports say ticket demand for the event surpassed availability, with many turning to TikTok in search of spare tickets. The event is a physical manifestation of online influence exerted by Pastor Jerry Eze. Through his New Season Prophetic Prayers and Declarations (NSPPD) platform, Eze built a global following by hosting daily prayer streams that attracted millions of viewers across social media. What...
Continue Reading »

PROPHET JOHN PAPA ANNOUNCES 6,000 NAIRA MINIMUM CHURCH OFFERING FOR MEMBERS, SAYS TRANSPORT FARE HIKE INFLUENCED DECISION

Image
A Ghanaian cleric, Prophet John Papa Jesus, has announced a new minimum offering of GH₵50 for members of his church, citing the recent increase in transport fares as part of the reason for the decision. The prophet made the announcement in a video shared on X on Monday, September 28, 2026, where he explained that he had increased the church’s offering rate by 20%. “I’ve increased the church offering rate to 20%. I will accept only offerings of GH₵50 and above,” he said. According to him, the decision was influenced by the recent increase in transport fares, noting that he would also adjust his church’s offering expectations in response. “I’m not the same as Mahama, so I will increase my offering by 20%. Because transport fares have been increased by 8%,” the prophet said. He further stressed that offerings below the newly announced GH₵50 minimum would not be accepted.
Continue Reading »

OGONI FILMMAKER REJECTS $40,000 OFFER FOR ADULT SHOOT

Image
An Ogoni filmmaker, Idum Felix, has narrated how he rejected a $40,000 deal to produce adult-content films after discovering the true nature of the project. Felix, while sharing his experience, said the opportunity began in 2020 during the COVID-19 pandemic when he met a man on Facebook who introduced himself as a filmmaker. According to him, they remained in contact until 2021, when the man offered him a production contract. Felix said the offer initially appeared attractive because he was expected to produce about 10 minutes of a series every week. «“It was indeed a nice deal. I needed money, and I needed to make that money with my craft,” he said.» He explained that after a video call to confirm his identity, they finalised the deal, after which the man sent him $355 along with an agreement. Felix admitted that, excited about the opportunity, he did not initially read the agreement carefully. He said the producer later sent him details of the type of actors he wanted for...
Continue Reading »

RIVERS ASSEMBLY ORDERS ARREST OF PROF. SMITH JAJA, VC PAMO UNIVERSITY, SEEKS RECOVERY OF UNACCOUNTED FUNDS

Image
The Rivers State House of Assembly has resolved to issue a warrant of arrest against the Vice-Chancellor of PAMO University of Medical Sciences over his repeated failure to appear before the House Ad-hoc Committee investigating funds released to the institution under the state government’s scholarship scheme. The resolution was reached on Friday, September 25, 2026, during the 53rd Legislative Sitting of the House, following consideration of the report of the Ad-hoc Committee, presented by its Chairman and Deputy Speaker, Rt. Hon. Dumle Maol  The House also called on the Rivers State Government to establish a committee to recover all funds found to be unaccounted for by PAMO University and return such funds to the Consolidated Revenue Account of the State. The Assembly had constituted the Ad-hoc Committee to investigate the disbursement and utilisation of funds released to PAMO University and establish the number of students covered under the scholarship arrangement. In...
Continue Reading »