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Peter Obi Raises Alarm Over Nigeria’s Growing Debt Crisis

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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...
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Femi Falana Blasts Lagos State Over Unlawful Renaming of Charly Boy Bus Stop

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Prominent human rights lawyer, Femi Falana (SAN), has openly condemned the Lagos State Government for the arbitrary renaming of Charly Boy Bus Stop, calling the move both unconstitutional and undemocratic.

The bus stop, a long-standing landmark in the Gbagada area of Lagos, was recently renamed 'Lateef Jakande Bus Stop' without proper consultation with the local government or affected residents. Falana, in a public statement, said the Lagos State Government had overstepped its constitutional bounds by taking unilateral action in renaming roads, streets, and landmarks—functions that are reserved for local governments under the Nigerian Constitution.

“Lagos State has no legal authority to rename streets or bus stops without going through the appropriate local councils. This is a direct violation of the 1999 Constitution,” Falana stated.

The Senior Advocate emphasized that such actions erode the essence of democracy, community identity, and public inclusion in decision-making. He also questioned the motive behind the sudden name change, stating that renaming an iconic location like Charly Boy Bus Stop without community involvement amounts to disrespect for history and culture.

Backlash and Public Reactions

The decision has sparked outrage from residents, commuters, and public commentators who believe the action was politically motivated and lacked transparency. Many argue that the name "Charly Boy Bus Stop" had become a cultural identity marker and changing it without input from the people is both high-handed and insensitive.

Falana has urged the Lagos State Government to reverse the decision and to respect the rule of law by channeling such matters through the appropriate local authorities and allowing community participation.

🔍 Summary:

  • What happened? Lagos State Government renamed "Charly Boy Bus Stop" to "Lateef Jakande Bus Stop".
  • Falana's stand: The renaming is illegal, unconstitutional, and must be reversed.
  • Why it matters: Local governments—not states—have the authority to rename streets and landmarks under Nigerian law.
  • Public reaction: Residents and commuters express disappointment and demand reinstatement of the original name.


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