News
‘Children’ll Curse Nigeria’s Leaders For Accumulation Of Debts’
The 14th Emir of Kano, Muhammadu Sanusi II, has said that children in Nigeria will curse the leaders of the country’s accumulation of both internal and external debts following the country’s continued borrowing.
“Nigeria children will curse the leaders of the country’s accumulation of both internal and external debts with the country continuous borrowing,” he lamented.
Speaking in Kaduna in his address titled, “Building a resilient economy” at the Kaduna Investment Summit, Sanusi said that Nigeria’s economy has been tied to the oil and gas sector, saying that subsidy removal is fast mitigating the growth of the economy, the country has continued to be a rentier state.
He opined that it does not exist for development but as a sight of rent, and extraction to make those who control the state rich turning them into billionaires overnight.
In 2023, he explained that if the country holds election, the country cannot continue to have the trend; stressing that any continuation would lead to insecurity and might get us to Mali, Burkina Faso’s situation.
“We can’t keep pushing towards the brink; we have to come back,” he stated.
In other words, he observed that debt service is now 108percent of revenue as every naira the Federal Government earns goes to service debt, and it is not enough, (as the FG) has to borrow to service the debt and begin to borrow to build roads, pay salaries and overheads.
Sanusi noted that the present leadership is leaving a mountain of debt for the children, stressing that the children might curse them because they are taking all the money borrowed to subsidise petrol and enjoy it cheaply.
He lamented that the country sees the problem and the leadership going to continue, saying that he is sorry for the next president who comes in June and says he is removing fuel subsidy after day one.
News
198 UNIBEN Students Bag First Class
News
Bayelsa Education Fund, British Council trains tra 1,000 teachers
News
RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
-
Maritime1 day agoCargo Tracking System’ II Save Nigeria N900bn In Revenue Leakages ……SEREC
-
Editorial1 day agoHYPREP And The Collapsed Water Tank
-
Niger Delta1 day agoPINL Mulls Synergize With NDLEA Against Drug Abuse
-
Sports1 day agoOgoni Nation Cup: Victory Against Amee Base Excites Coach
-
Niger Delta1 day agoTraditional Ruler Seeks End To Benin Artifacts Unauthorized Promotion
-
Maritime1 day agoNIMASA :FG Appoints Iyelolu As Registrar Of Ships
-
News1 day agoFederal High Court Debunks Claim Of Assassination Attempt On Justice Omotosho
-
Rivers1 day agoPoor Parenting, Pressure, Bane Of Cybercrime – Don
