Featured post

Peter Obi Raises Alarm Over Nigeria’s Growing Debt Crisis

Image
Former Anambra State Governor and 2023 presidential candidate, Peter Obi , has once again voiced deep concern over Nigeria’s mounting national debt, warning that the country is edging dangerously toward a financial cliff . Obi, known for his consistent advocacy for transparency and fiscal responsibility, criticized the recent approval of massive foreign loans by the National Assembly—reportedly amounting to over $21 billion , €2.2 billion , and ¥15 billion . He emphasized that the current debt trend under the Tinubu administration is unsustainable and could leave future generations burdened with unpayable obligations. According to Obi, Nigeria’s debt has ballooned from ₦12.6 trillion in 2015 to a staggering ₦149 trillion in 2025 , a growth rate he described as "disturbing and reckless." He questioned the country’s borrowing culture, especially when there is little to show in terms of infrastructure, job creation, or improved living standards. “The government must stop li...

₦150 Billion Presidential Jet Returns to Nigeria Amid Public Outcry

The Nigerian government’s newly acquired presidential jet, reportedly worth ₦150 billion, has returned to the country after undergoing refurbishment in South Africa. The Airbus A330-200 aircraft, now painted in Nigeria’s national green and white colours, has officially joined the Presidential Air Fleet.

This jet was purchased to replace the ageing Boeing 737 used by previous administrations, which was said to have become unsafe and costly to maintain. According to reports, over ₦20 billion had been spent on repairs and maintenance of the older fleet in less than two years.

However, the timing of the jet’s return has sparked public outrage. Many Nigerians are expressing anger on social media, questioning the sense in spending such a huge sum on luxury travel while the country faces economic hardship, high inflation, and increasing poverty levels.

Presidency officials, in defense, argued that the purchase is not a luxury but a necessity. They say the decision to acquire the refurbished aircraft was made to ensure the President’s safety and reduce long-term maintenance costs. They also clarified that it was not a brand-new aircraft, but a refurbished one acquired at a lower cost and upgraded to meet global standards.

The jet had been flown to South Africa shortly after purchase for full upgrades, interior redesign, and a new paint job. It has now returned and is expected to be used for the President’s official international and domestic travels.

While supporters of the government view it as a smart investment, critics see it as a misplaced priority, especially at a time when many citizens can barely afford daily necessities. The return of the jet has reopened the debate on government spending and the growing gap between leadership decisions and the plight of the average Nigerian.

Comments

Popular posts from this blog

Benin Republic, Niger enjoy smuggled fuel as Nigerians keep vigil at petrol stations

Nigerian blogger Olufunke 'Angels Empire' Afeh is set to appear in court on April 8 following her recent arrest and detention in connection with allegations of cyberstalking and harassment.

Anambra Boutique Owner Sues NAFDAC Over Claimed Theft of Merchandise During Onitsha Drug Market Operation