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CISLAC explains Africa’s rising debt profile

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Civil Society Legislative Advocacy Centre (CISLAC) says a major contributor to Africa’s rising public debt is the unprecedented influx of private lenders flooding developing economies looking for higher returns outside advanced economies.

Mr Auwal Rafsanjani, Executive Director, CISLAC, said this at a news conference in Abuja on Monday organised in collaboration with Christian Aid Nigeria on the Increasing Role of Private Creditors in Nigeria’s Debt Crisis and its Human Costs.

He said Nigeria’s debt was growing and increasingly putting the country in a precarious situation, adding that it had significant implications for human rights.

Rafsanjani said the situation also had implications on education, health, climate change, mitigation and adaption and these called for a collective action to address the debt crisis.

He said the past decade had seen the largest, fattest and most broad-based increase in debt in emerging and developing countries over the past 50 years.

He said the total debt in these areas has risen by 54 per cent points of Gross Domestic Product (GDP) to a holistic peak of almost 170 per cent of GDP in 2028.

“A major contributor to this increased public debt level is the unprecedented influx of private lenders flooding developing economies as they look for higher returns outside advanced economies.

“This is sequel to the global financial crisis of 2008.
“According to the Debt Management Office (DMO), Nigeria’s total public debt stock as of June 30, 2022 was N42.84trillion.

“It is instructive to recall that Nigeria’s debt service cost presently outweighs its revenue with clear signs of economic dangers ahead,” he said.

Rafsanjani said with refusal of private creditors to embrace debt relief initiatives, the Nigerian government would continue to spend a significant part of its budget to service loans.

He said this would come under stringent conditions including high interest rates, adding that it would drastically reduce due commitment to more critical socio-economic sectors like health and education.

Rafsanjani said in the Nigerian context, about 90 per cent revenue was devoted to debt serving at the expense of development projects.

He said the group was concerned with the lack of vigorous scrutiny and attention by lawmakers in granting requests for loans without reflecting the provisions of the Fiscal Responsibility Act and the greater implication for the nation economic state.

He said that the Nigerian legislators had the constitutional and legislative mandate to approve loan request only on the basis of public interest and should put this clause as a prerequisite to any approvals they might want to give.

Rafsanjani said the group had inaugurated a research product centred on revealing and challenging role of private creditors in hindering peoples recoveries to enhance the urgency with which the international community should address sovereign debt crisis.

 

(NAN)

 

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Bamidele: 2026 Electoral Act Reflects Stakeholders’ Consensus, Not Legislative Imposition

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Senate Leader, Senator Michael Opeyemi Bamidele
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The Leader of the Senate, Opeyemi Bamidele, has stated that the provisions of the 2026 Electoral Act were the outcome of broad consultations with stakeholders rather than unilateral decisions by the National Assembly.

In an Easter message issued on Sunday through his Directorate of Media and Public Affairs, Bamidele explained that the new electoral law aligns with global best practices and was not designed to serve any political interest. He urged political actors to adhere to the rules collectively established to ensure stability, peace, and order within Nigeria’s democratic system.

His remarks come amid criticisms from opposition parties, particularly the African Democratic Congress (ADC), which alleged that certain provisions—such as Sections 77 and 84 of the Act—were introduced to weaken their chances ahead of the 2027 general elections. However, Bamidele dismissed the claims, insisting that all sections of the law were products of consensus involving civil society groups, development partners, and other stakeholders.

He defended the requirement for political parties to submit a digital register of members to the Independent National Electoral Commission (INEC), describing it as a transparency measure aimed at preventing undue influence by individuals outside party structures. According to him, the reform is essential for strengthening internal democracy and ensuring that party decisions reflect the will of legitimate members.

Bamidele also justified the restriction of candidate nomination processes to either direct primaries or consensus arrangements, noting that the move is intended to eliminate the delegate system, which he said had been susceptible to manipulation by wealthy individuals. He added that the new system empowers party members and reinforces majority rule in line with democratic principles.

Beyond electoral matters, the Senate leader condemned recent violent attacks in Plateau and Kaduna states, describing them as unacceptable acts against innocent citizens. He assured that the National Assembly is collaborating with federal and state authorities to tackle insecurity and prevent further loss of lives.

He disclosed that ongoing legislative efforts, including amendments to the Terrorism (Prevention and Prohibition) Act, are aimed at introducing stricter penalties for kidnappers, their sponsors, and collaborators. Bamidele expressed confidence that these measures would help restore security and stability across the country.

Reflecting on Easter, Bamidele called on Nigerians, especially political leaders, to embrace the values of sacrifice, tolerance, and unity exemplified by the resurrection of Jesus Christ, urging a collective commitment to nation-building.

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FG to Deploy AI Cameras to Tackle Insecurity in Plateau — Tinubu

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President Bola Tinubu
President Bola Ahmed Tinubu
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President Bola Tinubu has announced that the Federal Government will deploy over 5,000 artificial intelligence-enabled digital cameras across Plateau State to help security agencies combat rising insecurity.

The President made this known on Thursday during a visit to Jos, following the March 29 gun attacks in Angwan Rukuba, Jos North Local Government Area, which claimed several lives. He assured residents that such incidents would not recur, pledging decisive action to bring perpetrators to justice.

Tinubu directed security chiefs, including the Minister of Defence, Chief of Army Staff, and Inspector General of Police, to track down those responsible for the killings. He also tasked the Minister of Communications and Digital Economy, Bosun Tijjani, with overseeing the immediate installation of the surveillance system, starting in Jos and later expanding across the state.

Expressing sympathy to affected families, the President said no compensation could replace lost lives but promised government support and justice. He also directed the Ministry of Humanitarian Affairs to compile data on victims to ensure fair distribution of relief.

Plateau State Governor Caleb Mutfwang described the incident as a temporary setback, noting that the state had previously enjoyed relative peace. He expressed confidence in ongoing security efforts and thanked the Federal Government for approving the recruitment of 1,000 forest guards to strengthen local security.

Stakeholders at the meeting, including former governors and political leaders, called for greater collaboration and dialogue among Plateau indigenes, stressing that lasting peace would require collective responsibility.

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El-Rufai Returned to ICPC Custody After Court Appearance in Kaduna

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Former Kaduna State Governor,Nasir El -Rufai
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Former Kaduna State governor, Nasir El-Rufai, has been returned to the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) following court proceedings in Kaduna.

El-Rufai, who had earlier left custody on March 27, 2026, due to the death of his mother, was re-arraigned on Tuesday.

He first appeared before the Kaduna State High Court over a separate charge filed by the ICPC. However, proceedings were stalled due to the absence of the second defendant, prompting the court to adjourn the case until April 10, 2026.

Following the adjournment, El-Rufai was taken to the Federal High Court in Kaduna, where his application for bail was scheduled to be heard.

The court had earlier fixed March 31, 2026, for the hearing of his bail application.

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