.274bn debt: Nigeria faces impending bankruptcy – Obasanjo warns | Fastest Delivery Of Magazine
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Former , Olusegun Obasanjo, has said faces the risk of impending bankruptcy, over the continuous accumulation of debt by the government.

Obasanjo stated this while speaking as a keynote speaker at the ‘ I am Alive’ campaign on Friday in .

According to him, the piling up debts would leave a burden for future generations, who would have to pay such loans.

Obasanjo said as at 2015, Nigeria’s total external debt was about $10.32bn. By March , he claimed the country’s external debt had increased to $81.274bn.

“Such a situation talks about an impending bankruptcy. No entity can survive while devoting 50 per cent of its revenue to debt servicing.

“It has recently been pointed out that in 2018 that total debt servicing took over 60 per cent of government revenue.

“What’s more, we are not doing enough to address the fundamental, deep-seated and structural challenges that inhibit the expansion of our ,” Obasanjo said.

Obasanjo added that to worsen matters, the current administration was currently seeking to add another $29.6bn loan to “our already overburdened debt portfolio.”

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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Herdsmen shoot Gov. Ortom in Benue

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Herdsmen shoot Gov. Ortom in Benue Samuel Ortom 1024x576 2

The Governor of Benue State, Samuel Ortom, has narrated how he narrowly escaped death after suspected herdsmen shot at him in his farm.

Ortom said he was shot while in his farm located along Makurdi – Naka road in Makurdi, Benue state capital.

The Governor, who spoke to journalists in Makurdi on Monday, reiterated his call for arrest and prosecution of the leadership of Meyitta Allah for allegedly instigating violence against farmers in the state.

The Gov. said, “I went to my farm last week and the herdsmen, who were coming back to Benue state in their numbers shot at me.”

Ortom further explained that it took the intervention of men of Operation Whirl Stroke who responded timely and rescued him before the herdsmen ran away.

The Governor expressed concern that herdsmen were allowed to carry sophisticated weapons more than security agencies.

He said that herdsmen were not coming for grazing, stressing “anti-open grazing prohibition law is still in force and anyone who wants to do business of animal husbandry must embrace ranching”.

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Buhari orders airstrikes on bandits, kidnappers

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Buhari orders airstrikes on bandits, kidnappers ff96935b muhammadu buhari on arise 7 696x522

Muhammadu Buhari has received assurances that with the harmattan dust gradually easing its hold on the skies, fighter aircrafts would this week join the efforts to provide effective air attacks against bandits, kidnappers and cattle rustlers that have been attacking remote communities around Dogon Gona forest in Niger State.

In a statement sent to DAILY POST on Sunday by Garba Shehu, the President, described the repeated attacks leading to the loss of several lives in the communities “as a disaster for the nation,”

He had authorized the deployment of air power to support troops and policemen sent to the “difficult terrain,” to counter the menace of the attackers operating in the forest area bordering Kaduna, Niger and Zamfara states.

The statement added that in line with this directive, the Nigerian Air Force is setting up refueling facilities at Minna, Niger State to support the aircraft operations, giving assurances that given the improved weather conditions, a major exercise to “visually acquire targets” and launch attacks will soon follow.

The Police Command in Niger has equally given assurances that the planned dedicated air raids to complement the police helicopter gunship operations remain the best approach given the lack of motorized roads in the areas constantly under attack.

President Buhari also commiserated with the government and people of Niger State following the attacks and the loss of lives that followed, and assured that victim communities in the state will not be abandoned by the rest of the country.

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