Today's Headlines: We May Be Pushed To Invade Niger—US Tells Coup Plotters, FG’s Reliance On Borrowings Must End—Tinubu
We May Be Pushed To Invade Niger—US Tells Coup Plotters
Source: Vanguard paper
The United States of America has warned the Niger junta that America may be pushed to be involved militarily if the country’s military rulers do not return to constitutional order.
The US acting Deputy Secretary, Victoria Nuland, in a special briefing on Niger disclosed this a teleconference on Tuesday.
She noted, “…There is still a lot of motion here on many sides with regard to where the governance situation will go.
“So we will be watching that closely and there are a number of regional meetings coming up and consultations with allies and partners that we need to make.
(Photos Credits: Google)
FG’s Reliance On Borrowings Must End—Tinubu
Photos Credits: Vanguard paper
President Bola Tinubu yesterday vowed to end Nigeria’s over-reliance on borrowing to finance public spending. He made the vow at the inauguration of the presidential committee on fiscal policy and tax reforms.
Nigeria’s total public debt rose sharply by 501 per cent in the nation’s total debt in eight years to N72.55 trillion in March 2023, from N12.06 trillion in March 2015, a development driven by increased borrowing, worsened by the global pandemic and economic recessions in 2016 and 2022.
Data from the Debt Management Service, DMO, shows that the N75 trillion total public debt comprises N19.64 trillion of foreign debt, N30.21 trillion of domestic debt and N22.7 trillion of Ways and Means lending to the Federal Government by the Central Bank of Nigeria, CBN.
Furthermore, the country spent N3.36 trillion to service debts in 2022, representing 14.68 per cent increase from N2.93 trillion in 2021.
While the country spent N1.07 trillion to service its external debts, it expended N2.56 trillion to service domestic debts.
Ministerial list: Don’t Confirm El-Rufai for Nigeria to have peace – Shehu Sani
Photos Credits: Daily Post
Shehu Sani, a socio-political commentator, has advised the Senate against confirming former Kaduna State governor, Nasir El-Rufai to be minister.
Sani warned that El-Rufai should not be cleared if Nigeria wants peace to reign.
Describing the former governor as playing god while he was governor, Sani said El-Rufai was now at the mercy of the Senate.
Tweeting, he identified the former governor as a religious extremist and a fanatic.
According to Sani: “The Unconfirmed Ministerial nominee; The Imp who was intoxicated with power, and who arrogantly played God is now at the mercy of those wielding power.
“A religious extremist with a fanatical political agenda should have no place in the seat of power if that nation desires peace.”
Tinubu appoints UI 400-level student into Tax Reforms Committee
Photos Credits: Daily Post
President Bola Ahmed Tinubu has appointed a University of Ibadan, UI, 400-level student, Orire Agbaje as member of the Presidential Committee on Fiscal Policy and Tax Reforms.
The committee was inaugurated on Tuesday in Abuja.
The presidency in a tweet on Tuesday said, “one of the members of the Presidential Committee on Fiscal Policy and Tax Reforms inaugurated by President @officialABAT today is a 400-level Economics student of the University of Ibadan, Miss Orire Agbaje, who is also the President of @ui_taxclub, President of @SEIHUnibadan, and a Nigeria Higher Education Foundation (NHEF) Scholar.”
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