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Tinubu working assiduously to engender responsible borrowing to address Nigeria’s public debt – Speaker Abbas

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Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen
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…Advocates stronger oversight to align with the Renewed Hope Agenda for sustainable growth

By Saint Mugaga, Abuja

The Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen, Ph.D., GCON, has said that President Bola Ahmed Tinubu, GCFR, is working assiduously to address Nigeria’s public debt through a non-oil revenue drive.

This is even as the Speaker noted that public debt, if well utilised, can engender growth and development in any country.

He said Nigeria could leverage responsible borrowing for sustainable development as demonstrated by the Tinubu administration.

“Indeed, public debt, when managed prudently, can be a tool for growth and prosperity. Yet, when left unchecked, it becomes a burden that erodes economic stability and threatens the welfare of future generations,” Speaker Abbas noted.

The Speaker said while delivering his keynote address in Abuja on Monday at the opening of the 11th Annual Conference and General Assembly of the West Africa Association of Public Accounts Committees (WAAPAC). He was represented at the event by the Leader of the House, Prof. Julius Ihonvbere.

The Public Accounts Committee of the House, with the support of WAAPAC and international development partners, organised the event with the theme ‘Strengthening Parliamentary Oversight of Public Debt: The Role of Finance and Public Accounts Committees.’

A statement by the Special Adviser on Media and Publicity to the Speaker, Musa Abdullahi Krishi, noted that the Speaker’s remarks were not a call to reject borrowing outright but reflected a responsible approach to debt management—one that ensures that borrowing translates into real value for Nigerians.

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This, the statement noted, aligns squarely with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises fiscal discipline, prudent resource management, and channeling funds into critical areas like infrastructure, education, green energy, and social welfare.

Last week, President Tinubu announced during a meeting with the stakeholders of The Buhari Organization in Abuja, Nigeria, had met its revenue target for 2025 ahead of schedule and would no longer rely on borrowing to fund its budget.

The President also said his administration’s non-oil revenue drive had yielded enough to meet this year’s projections by August, reducing Nigeria’s dependence on external loans.

“Today I can stand here before you to brag: Nigeria is not borrowing. We have met our revenue target for the year, and we met it in August,” the president said.

At the WAAPAC event, the Speaker emphasised the “need for stronger oversight, transparent borrowing practices, and a collective resolve to ensure that tangible economic and social returns match every naira borrowed.”

He added, “When we examine the sources of Africa’s external financing, it becomes clear that the weight of debt on our continent is shaped by whom we borrow from and on what terms. Today, Western private lenders hold about 35 percent of Africa’s government debt through banks, asset managers, and oil traders.

“Multilateral institutions, such as the World Bank and the IMF, account for another 39 percent, while bilateral loans from other governments comprise 13 percent. Chinese creditors, despite much of the public debate, hold only 12 percent.

“To place this in sharper focus, in 2019, bondholders alone represented 27 percent of Africa’s external debt, making them the single largest creditor group, ahead of China at 13 percent.”

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Speaker Abbas stated that if Africa is to grow stronger, the countries must not only negotiate fairer terms of borrowing but also rethink their dependence on external finance.

“We must channel more energy into mobilising domestic resources, fostering intra-African trade, and creating financial instruments that serve the continent’s own development priorities. Only then can we move from vulnerability to resilience, and from dependency to true economic sovereignty,” he said.

The Speaker stated that the conference could not have come at a more opportune time, “as our nations face mounting fiscal pressures that demand stronger legislative oversight of public debt and borrowing.”

He also noted that the theme “speaks directly to the urgency of safeguarding our financial future,” stressing that it “goes to the very heart of democratic governance and sustainable development.”

Speaker Abbas said, “Therefore, oversight of public debt is a democratic duty and a moral responsibility of the legislature. Our parliaments must ensure that every borrowing decision reflects prudence, transparency, and the collective interest of our citizens.

While noting that the implications of this debt structure are far-reaching, the Speaker said a “significant share of our national revenues is tied to debt servicing rather than being invested in the things our people need most: roads, schools, hospitals, and innovation.”

He added that the high cost of commercial loans, coupled with the burden of repayment in foreign currencies, leaves many African economies vulnerable to market shocks. “This narrows fiscal space, constrains domestic policy choices, and slows the pace of sustainable development,” he said.

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Senate Halts Rehabilitation, Reintegration of Repentant Terrorists

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Senate President Godswill Akpabio
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–Senate delegation to Visit Tinubu over insecurity

By Isa Abdul, Abuja

The Senate on Tuesday asked the federal government to halt the practice of pardoning and rehabilitating repentant terrorists into society.

The resolution was adopted with majority of members of the upper chamber supporting it through voice votes during the plenary while considering a motion on the abduction and killing of retired major general, Rabe Abubakar, and other military officers by bandits.

Abdulaziz Yar’Adua, the senator representing Katsina Central Senatorial District, sponsored the motion with the senator representing Edo Central, Joseph Ikpea, making an additional prayer calling for the abolition of the rehabilitation and reintegration programme for repentant terrorists.

The senator representing Edo North, Adams Oshiomhole, supported the proposal, arguing that the practice of pardoning and rehabilitating criminals “does not make common sense.”

The Deputy Senate President, Barau Jibrin, who presided over the session, put the proposal to a voice vote, and a majority of senators adopted it.

Meanwhile, the Senate’s resolution is not legally binding on the executive, as motions have no force of law. They represent the opinions of the upper chamber and are communicated to the Presidency as counsel for consideration.

The decision to abolish or significantly alter State policy or law requires legislative amendments to existing laws or policies governing them like Nigeria’s counterterrorism policy.

Generally, rehabilitating and reintegrating repentant terrorists has always been a controversial counterterrorism strategy right from 2016 when it was adopted as a non-kinetic weapon to fight terrorism particularly in the North-east, following sustained offensives against Boko Haram and later its splinter faction, the Islamic State for West Africa Province (ISWAP).

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In 2021, the policy was further expanded with thousands of fighters and their families surrendering after tense inter terror group fights.

The federal government’s Operation Safe Corridor (OPSC), a non-kinetic deradicalisation, rehabilitation and reintegration programme established in 2016 and coordinated by the Defence Headquarters involves the military, security agencies, and several ministries, departments, and agencies, including the ministries of justice, education, health, women’s affairs, and humanitarian affairs, as well as the National Orientation Agency.

The programme screens former fighters who are assessed as not having committed serious crimes to undergo psychological counselling, religious reorientation, vocational training, literacy education, and civic instruction at a rehabilitation centre in Gombe State. Upon completing the programme, the participants are handed over to their state governments for reintegration into their communities.

North-east states including Borno, Adamawa and Yobe, have received rehabilitated ex-combatants under the programme. Borno State, the epicentre of insurgency in the North East has also implemented its own reintegration initiatives, with state authorities claiming that encouraging defections weakens insurgent groups and provides valuable intelligence for military operations.

But the policy has received sharp criticism from victims’ groups, civil society organisations and some security experts.

Critics argue that many communities remain traumatised by years of violence and are unwilling to accept former insurgents, especially where victims have received little, no compensation or justice st all. The adequacy of the screening process has equally been questioned with the fears that some rehabilitated fighters could and do return to insurgency.

But supporters of the programme, maintain that rehabilitation is in sync with global Disarmament, Demobilisation and Reintegration (DDR) principles. They argue further that military force alone cannot end insurgency and that providing a pathway for defections encourages more fighters to surrender, thereby reducing the strength of terrorist groups.

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Presenting the motion in the Senate, Yar’Adua, a retired colonel, expressed concern over Nigeria’s worsening security challenges, particularly terrorism and banditry.

He said terrorist networks had become more sophisticated and emboldened, extending their attacks from rural communities to the coordinated abduction of military personnel.

The senator condemned the abduction and killing of Rabe Abubakar and several other military officers who have fallen victim to bandits in recent times.

He urged the Senate leadership to constitute a delegation to pay condolence visits to the family of the late military spokesperson, the Katsina State Government and the Nigerian Army.

Mr Yar’Adua also called on the Senate to urge the federal government to accelerate the deployment of modern security technologies, including unmanned aerial systems, geospatial intelligence capabilities, integrated command-and-control platforms, advanced communication systems and other force-multiplying technologies needed to combat terrorism, banditry and kidnapping.

Meanwhile, the Senate Minority Leader, Abba Moro, during the session also proposed another prayer for the Senate to constitute a delegation to interface with President Bola Tinubu on the country’s worsening security situation.

The deputy senate president put the prayer to a voice vote, and the majority of senators adopted it.

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Osinbajo New NCF Board of Trustees president

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By Seyi Balogun

Former Vice President, Prof. Yemi Osinbajo, is the new President of the Board of Trustees (BOT) of the Nigerian Conservation Foundation (NCF).

Following his emergence as new president, Osinbajo pledged yesterday while delivering his acceptance speech at the Foundation’s 37th Annual General Meeting (AGM) in Lagos that he will strengthen environmental conservation and climate action.

He further paid tribute to the founding fathers of the NCF, particularly its President Emeritus, Chief Philip Asiodu, for their foresight in promoting environmental conservation decades before climate change became a global concern.

The eminent jurist and former Nigeria Vice President also acknowledged the contributions of the late Chief S.L. Edu and other founding trustees, saying their vision laid the foundation for Nigeria’s environmental conservation movement.

According to him, the founders recognised the importance of biodiversity conservation long before climate change gained global prominence. He said the effects of climate change had become increasingly evident across Nigeria through flooding and rising temperatures noting that parts of Europe were experiencing temperatures of between 38 and 41 degrees Celsius, underscoring the urgency of collective climate action.

Osinbajo described the NCF as Nigeria’s foremost non-governmental organisation dedicated to environmental conservation and climate action.

Consequently, he commended the Foundation’s trustees, members, management, staff, volunteers and development partners for sustaining its conservation programmes over the years.

Accepting his new responsibility, he pledged to build on the achievements of his predecessors and deepen collaboration with stakeholders.

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Asiodu, the Foundation’s President Emeritus, served the NCF for more than 20 years and stepped down from the position at the age of 92.

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Ransom Fuels Kidnapping and other Crimes: Why I rejected ₦300m ransom demand for my kidnapped brothers — Zamfara Gov

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By Michael Lim

Zamfara State Governor, Dauda Lawal, has revealed why he refused to pay a ₦300 million ransom request by kidnappers who abducted his brothers in 2019, insisting that paying ransom surely fuels kidnapping and other criminal activities.

Speaking Thursday, 9th July 2026, on ARISE News/THISDAY Town Hall Conference on State Police and National Security in Abuja, the governor maintained his opposition to negotiating with bandits as he renewed his support for the establishment of state police.

Lawal recalled that his brothers were held captive for about three months after their abduction, but he declined to meet the kidnappers’ ransom demand despite the personal ordeal.

“My own brothers were kidnapped in 2019, and the kidnappers demanded about ₦300 million. I told them I was not going to pay a dime. If they wanted to kill them, they could go ahead.”

According to him, his brothers were eventually released without any ransom being paid.

His argument remains that paying ransom emboldens criminal groups by providing them financial incentives for further kidnappings:

“If we continue to pay ransom, we are encouraging these criminals to kidnap more people. The cycle will only continue unless we stop rewarding criminality.”

Lawal stressed that his position on ransom payments remains unchanged, insisting:

“I will not negotiate, and I will not pay ransom to any criminal, no matter what happens.”

He used the occasion to renew his call for the establishment of state police, saying that governors should have greater operational authority over security within their states regretting the current constitutional arrangement that leaves governors with responsibility for security without corresponding powers:

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“In as much as I am called the chief security officer of the state, I do not have the command-and-control authority to direct the operations of the security agencies”, adding that he was ready to support and fund state police.

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