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Nigeria’s debt profile hits N41.6tr

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Nigeria’s debt profile hits N41.6tr

The Director-General of the Debt Management Office (DMO), Patience Oniha has confirmed that Nigeria’s debt profile as of March 2022 stood at N41.60 trillion.

Oniha, during her appearance at the ongoing engagement on the 2023 – 2025 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) held by the House of Representatives Committee on Finance, attributed Nigeria’s high debt profile to a lack of revenues and approval of the yearly budget with a deficit by the National Assembly, which increased the debt stock.

She regretted that the country has been running a deficit budget for many years with an increased level of borrowing, especially since the outbreak of the Covid-19 pandemic, stressing that the only way out of the problem is improved revenue generation.

Oniha said: “As of December 2020, the debt stock of the federal, state governments and the Federal Capital Territory was N32.92 trillion. By December 2021, it jumped to N39.556 trillion. We publish quarterly, and as of March of this year, it was N41.6 trillion. On average, Federal Government is owing about 85 per cent of the total sum.

“We have been running a deficit budget for many years and each time you approve a budget with a deficit, by the time we raise that money because when you approve it, it is giving us a mandate, authority to borrow, it will reflect in the debt stock, so debt stock will increase. Also, note that states are also borrowing. So, we add their own.

“Until the issues of personnel, overhead and capital expenditure are properly addressed in the budget, borrowing would not stop.”

Recall that the Minister of Finance, Budget and National Planning, Zainab Ahmed, had laid before the lawmakers on Tuesday, the 2023-2025 MTEF/FSP, where she disclosed that the Federal Government will borrow over N11 trillion and sell national assets to finance the 2023 budget deficit.

Last year’s total deficit (fiscal and project-tied loans) stood at N7.35 trillion. The figure, in the best scenario) is expected to jump by 53.7 per cent to N11.3 trillion next year. Under subsidy removal conditions, it will hit N12.4 trillion.

Continuing, Oniha said: “A World Bank report showed that in terms of debt to GDP ratio, Nigeria is low but for debt service to revenue ratio, we are very high. So, if you look at the tax to GDP ratio of these other countries, they are multiple of Nigeria.

“The World Bank survey report of about 197 countries revealed that Nigeria is number 195, meaning we beat only two countries and that is Yemen and Afghanistan. I don’t think we want to be like those places.

“You must look at revenues very closely for funding our activities as opposed to the deficit. We talk about the N11 trillion deficit and borrowing for 2023, how much is the revenue there? That’s one. When we look at the first tranche which was N10 trillion for a full year of subsidy and N9 trillion for subsidy next year, the size of the borrowing was 62 per cent of the budget. That’s high. The responsibilities, I think, are on both sides. Query the various expenditure lines and see what it is we can handle. So, if the deficit is lower, the borrowing will be lower and that’s how to grow on a slower pace.”

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NUC upgrades universities medical-related programmes

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The National Universities Commission (NUC) says it has upgraded some medical-related programmes in the Nigerian universities from Bachelor’s degree to doctoral status.

This is disclosed in a statement signed by the commission’s Acting Director of Public Affairs, Mrs Franca Chukwuonwo, and made available to newsmen in Abuja on Wednesday.

Chukwuonwo said the decision was driven by the need to incorporate more clinical and practical sessions, improve foundational course coverage, enhance clinical skills, and address all specialty areas comprehensively.

She noted that the upgrade aligned with global best practices for training professionals in these fields.

“This quest to upgrade the status of some medical-related programmes from Bachelor’s Degree to Doctor was borne out of the desire to incorporate more clinical/ practical sessions.

“It is to provide sufficient coverage of foundation courses, improve on clinical skills and cover all specialty areas.

“The trend seeks to also align with global best practices applicable in the training of professionals in these medical related programmes.

“Furthermore, the certificates obtained from the Nigerian University System (NUS) can be at par with those obtained in similar programmes from other climes” she said.

She added that it would also ensure the requisite harmonisation, mutuality and global competitiveness of Nigerian graduates in terms of certificates evaluation, employability and further studies in the relevant disciplines.

She listed the programmes upgraded as: Doctor of Pharmacy (Pharm D), Doctor of Physiotherapy (DPT), and Doctor of Optometry.

She added that the duration of the programmes was increased from five to six years to accommodate the additional courses and clinical incorporated into the curriculum.

“The general public and all stakeholders are hereby informed that the Doctor of Medical Laboratory Science (DMLS) programme does not exist in the NUC’s BMAS or CCMAS.

“And thus has not been captured as an upgraded programmes. Consequently, DMLS programme is not approved in any university in the country,” she said.

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NCDC urges collaborative action on health emergencies

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Nigeria Centre for Disease Control and Prevention (NCDC) has reaffirmed the critical role of risk communication and community engagement in addressing public health challenges.

Dr Tochi Okwor, the Head of Disease Prevention and Control at NCDC, made this known during the reopening meeting of the National Risk Communication Technical Working Group (NRCTWG) in Abuja on Wednesday.

Okwor stressed the urgency of proactive measures to safeguard Nigeria against current and emerging health threats.

She acknowledged the foundational work of the first Risk Communication Lead at NCDC, whose leadership facilitated the establishment of the NRCTWG in June 2018.

She said “this multispectral platform has since played a pivotal role in coordinating responses to public health emergencies across ministries, departments, agencies and partners.”

She highlighted the multiple health challenges the country continues to face, including annual outbreaks of Lassa fever, cholera, cerebrospinal meningitis and the growing threat of antimicrobial resistance, which she referred to as “the silent pandemic.”

She also raised concerns about looming threats such as the re-emergence of Ebola, the Marburg virus, and the ongoing response to human metapneumovirus.

“Our preparedness and response efforts hinge on effective risk communication and community engagement.

“This is not just about sharing information but ensuring the right information reaches the right people at the right time, inspiring trust and action,” she said.

She stressed the devastating consequences of misinformation, citing the saltwater bath rumours during the Ebola outbreak and the conflicting narratives during the COVID-19 pandemic.

“These instances highlight the critical need for harmonised, evidence-based communication to manage health emergencies effectively,” she added.

Nma Ogbonna, Head of Health Promotion at the Federal Ministry of Health, commended efforts in risk communication, particularly in public health emergency surveillance at airports.

Ogbonna revealed the ministry’s active involvement, including an information committee focused on risk communication.

However, she acknowledged gaps in formal reporting and expressed the need for better documentation and collaboration with international partners to strengthen Nigeria’s public health response.

Dr Olufemi Ayoola, Director of Health and Social Care at the National Orientation Agency (NOA), expressed gratitude for past collaborations that have nurtured growth.

Ayoola highlighted professional advancements within the team and reaffirmed the commitment of the Agency under new management to strengthen partnerships, including with NCDC, for continued public health progress.

Mrs Maureen Kojo, Chief of Animal Health at the Federal Ministry of Livestock Development (FMLD), announced that the Ministry has notified all 36 states and the FCT to be on alert and take preventive measures to avoid the spread of anthrax.

Kojo said that a surveillance team has been deployed to the states and RCCE activities have begun to educate and raise awareness about the disease.

Mr Yunus Amadou, State Facilitator,

UNICEF, emphasised using the meeting as a platform to reflect on past achievements, identify areas for improvement, and strategize for greater impact in the future.

Amadou acknowledged the hard work, collaboration, and commitment of stakeholders in protecting Nigerians’ health and well-being, urging continued collective efforts to make a difference.

Ms Racheal Abujah, Senior Health Correspondent at the News Agency of Nigeria (NAN), underscored the importance of transparent communication and accurate reporting in public health efforts.

Abujah stated that collaborative efforts, such as those between NCDC, NOA, and international partners, are crucial in building trust and ensuring effective risk communication, particularly during health emergencies.

Additionally, she highlighted the role of the media in disseminating clear, reliable information to the public, reducing misinformation, and driving community engagement to improve health outcomes in Nigeria.

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Tanker explosion kills driver, injures 1 in Ibadan

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A tanker loaded with Premium Motor Spirit (PMS) has exploded, killing its driver and injuring one other person in Ibadan.

Mr Yemi Akinyinka, General Manager (GM), Oyo State Fire Service Agency, confirmed the incident in a statement made available to newsmen on Wednesday in Ibadan.

He explained that the tanker lost control, rammed into two other trucks, and somersaulted into a nearby pit before bursting into fire.

The GM said the incident resulted in the death of the tanker driver and injured the motor boy.

“The incident happened around Fijabi House, Agbowo, Ojoo/Iwo Road Expressway.

“The agency received a distress call about the fire incident at exactly 2.45 a.m. through a telephone call.

“The service swiftly deployed personnel to the scene and curtailed the fire from spreading to the nearby residential area.

“On arrival, we met three trucks of 20-metre distance from one another involved in the fire incident,

“The driver was burnt to death while the motor boy was rescued alive and taken to the University College Hospital (UCH), Ibadan, for treatment,” he said.

Akinyinka stressed that the tanker was utterly destroyed by the fire while the other two trucks were rescued by the agency’s personnel.

“The agency’s Director of Operations, Mr Ismail Adeleke with team members, the police, and some other security agencies were at the scene to prevent a breakdown of law and order,” he said.

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