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From Debt Relief To Debt Trap: Nigeria’s Worrisome Return To Borrowing – Isaac Asabor

At a time in Nigeria’s political history, the country stood at the cusp of an economic renaissance, having successfully negotiated its way out of the crushing weight of external debt. Under the skilled leadership of Dr. Ngozi Okonjo-Iweala, who served as Minister of Finance and Economy, Nigeria achieved what many thought was impossible, a significant debt forgiveness from its creditors. This milestone freed Nigeria from a heavy burden, leaving the country virtually debt-free. It was a period of hope and optimism as the nation was poised for economic growth without…

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Kingibe knocks Abure, as Obi, Otti notify INEC of LP’s 29-member caretaker c’tee Members

Ireti Kingibe, senator representing the Federal Capital Territory district, has backed the 29-member caretaker committee established by the national leader of the Labour Party, Peter Obi, Abia Governor Alex Otti, and party stakeholders last week to oversee an expansive national convention. The Abuja senator gave her endorsement at the launch of a four-day free medical outreach, which she facilitated for her constituents in Abuja. The free medical outreach, organised in collaboration with the National Commission for Refugees and Internally Displaced Persons, attracted many people seeking eye tests, free treatment, and…

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Ohanaeze Youths Laud  Tinubu, Reps Speaker-Kalu For Establishing SEDC

…Say: Partnership  good for  Ndigbo Ohanaeze Youths Council, OYC, the apex socio-cultural organization of Igbo youths, have condemned in totality, the efforts by some alleged “misguided and misinformed” persons aimed at allegedly discrediting the dogged and patriotic inputs of the Deputy Speaker of the House of Representatives, Rt. Hon Benjamin Kalu in ensuring the passing  of the  bill that has established the South East Development Commission, SEDC. OYC frowned at the alleged actions of Dr Josef Onoh, President Bola Tinubu’s South East campaign spokesman’s statement which  downplaying Rt Hon Kalu’s…

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ASUU Begins Indefinite Strike

The Academic Staff Union of Universities (ASUU), Gombe State University chapter, has declared a total and indefinite strike over unmet demands. The strike was announced after a congress meeting on Wednesday. This is the first internal strike since the university was founded. Key grievances include the non-implementation of a 2021 Memorandum of Action, which outlined financial improvements for the institution. Among the unresolved issues are unpaid academic allowances, the lack of a training fund for academic staff, unfulfilled minimum wage adjustments, and the non-payment of promotional arrears for the years…

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Joe Igbokwe, Criticizes Rising Cost Of Living, Blames Inflation For Citizens’ Woes

APC Leader, Joe Igbokwe, Criticizes Rising Cost Of Living, Blames Inflation For Citizens’ Woes APC chieftain, Joe Igbokwe, has once again expressed deep concern over the rising electricity tariffs currently affecting the country. In an open letter to President Tinubu over the weekend, Igbokwe highlighted the growing burden of high electricity costs. He cautioned that without swift government intervention, many businesses could face closure due to the crippling expenses. In a series of fresh posts on his Facebook page, the staunch APC supporter reiterated his concerns, warning that if electricity…

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What Happens When a Customer With Bank Loan Dies?

When a customer with a bank loan passes away, banks typically have procedures to handle the situation, especially for unsecured loans that lack collateral. Generally, these loans include life insurance that covers the debt in the event of the borrower’s death. This ensures that the borrower’s family is not burdened with the debt. If a borrower secures an unsecured loan, they are usually required to have a salary account with the bank, with consistent salary deposits. Some banks allow for easier loan qualification if the employer has a memorandum of…

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Akagburuonye hails Uzodinma’s Many Achievements In Imo.

…Donates borehole to Journalists as Patron Barr. Success Obioma Akagburuonye, on Wednesday, commissioned the borehole which he had sunk for a faction of lmo State Chapter of the Nigeria Union of Journalists, NUJ, at the Union’s second Secretariat, at New Owerri. Akagburuonye was also conferred the Patron of the Union, following all he is said to have been doing for the Union. Speaking at the event, Akagburuonye said, he had prayed to God to bless him so that he would be a blessing to others, pointing out that, he has…

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PROWIF Demands  Investigation Of Murder Of Imo Youth

A young man identified simply  as Obinna, was said to have been allegedly gunned down on September 9, 2024, when some police officers on road block at Agbala along the Owerri-Aba Road, were said to have stopped him and his friend on their way to a building site said to be his friend’s. The deceased was said to be accompanying his friend to see how work was progressing at the said building site somewhere at Agbala. According to deceased’s friend, after a police officer stopped them, a little while another…

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Imo LGA  Election: Chika Ibekwe Not Qualified To Be LG Chairman In Ngor Okpala .

…It’s Central Zone’s turn . Politics is all about the people. Politics is what the people want and how they wish that desire to be accomplished. The desire of Ngor Okpala Local Government people  is for their council to grow and develop. That growth and development can only be achieved if the wishes, aspirations and demands of the larger people be met through negotiations. When this is achieved, the persons desirous of being elected or appointed into positions and offices must be those who are duly qualified in character, competence,…

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Money Borrowed By Nigeria ,Swallowed By Snakes,  We’re now In  GwoGwoGwo Ngwo State-Peter Obi

Former Anambra State Governor Peter Obi has expressed his concerns about Nigeria’s economic situation, describing it as a state of “Gwo Gwo Gwo Ngwo,” which suggests a dire economic crisis. In a recent video shared on social media, Obi highlighted the country’s Gross Domestic Product (GDP) in 2005, which was nearly $500 billion with a per capita income of over $2,500. However, he noted that the current per capita income is only slightly above $1,000. Obi also criticized Nigeria’s debt situation, stating that the country’s debt has “tripped.” He questioned…

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