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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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Title: Kaduna Govt Under Fire for Over ₦16 Billion Payment to Ronchess

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Fresh controversy has erupted over revelations that the Kaduna State government, under former Governor Nasir El-Rufai, paid more than ₦16 billion to a little-known road-marking company, Ronchess Global Resources PLC, for several road and junction projects across the state. The report, published by Sahara Reporters, alleges that while massive funds were disbursed, many of the projects remain incomplete.

According to documents cited by Sahara Reporters, some of the awarded contracts include road upgrades and markings in strategic areas like Sokoto/Bank Road, Isa-Kaita Road, PAN Drive, and other busy Kaduna routes. One of the major contracts reportedly started at ₦9.9 billion but was later adjusted to over ₦15 billion due to exchange rate variations and inflation. Shockingly, over 50% of the contract sum was allegedly paid upfront before major work commenced.

What has fueled further outrage is the reported connection between Ronchess and Pastor Adeolu Adeboye, the son of respected Nigerian cleric, Pastor E.A. Adeboye. Although Ronchess has denied any wrongdoing and insists Pastor Adeolu was not a board member or shareholder at the time, the allegations have sparked public outcry and legislative scrutiny.

The Kaduna State House of Assembly has already launched an investigation and is demanding Ronchess refund approximately ₦6.61 billion for work considered incomplete or unjustified. The Assembly is also looking into other contractors in what appears to be a broader probe of financial mismanagement during the El-Rufai administration.

This development raises serious concerns about procurement processes, transparency, and accountability in state government contracts. As investigations continue, the public is demanding answers and justice for what many see as a blatant misuse of taxpayer funds.

The full outcome of this case could set a strong precedent for how similar allegations will be treated across Nigeria in the future.

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