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Here’s our picks on today’s top buzzy stories on Nigerian Tribune Newspaper. We prepare it as a quick-read for our visitors who also enjoys Tribune.
Nigeria Owed ₦32.2trn By September 2020 ― DMO
Nigeria’s total public debt as at September 2020 stood at ₦32.223 trillion or $84.574 billion according to statistics released on Thursday by Debt Management Office (DMO). Total public debt is owed by federal and sub-national governments put together.
A break down of the stock showed that 37.82per cent was external, while the balance of 62.18 per cent was domestic. The figures showed an increase of ₦1.214 trillion when compared to the total public debt stock of N31.009 trillion as at June 30, 2020. The corresponding figures for March 31, 2020, were ₦28.628 trillion or USD79.303 billion.
“FGN, state governments and FCT all recorded increases in their debt stock due to borrowings to enable them to respond appropriately to the COVID-19 pandemic and to meet revenue shortfalls. The increase in the Debt Stock by ₦2.381 Trillion or USD6.593 Billion was accounted for by the USD3.36 Billion Budget Support Loan from the International Monetary Fund, New Domestic Borrowing to finance the Revised 2020 Appropriation Act including the issuance of the ₦162.557 billion Sukuk, and Promissory Notes issued to settle Claims of Exporters.
Insecurity: Whatever Has A Beginning, Has An End, IBB Tells Nigerians
Former military head of state, General Ibrahim Babangida, has asked Nigerians to be patient in the face of economic, health and security challenges, saying that everything that has a beginning has an end.
In an interview with Channels Television on New Year Eve, Babangida said, “2020 has been a challenging period, not for this country alone but throughout the world. If look at the world, there was covid-19 which is here in Nigeria, then the economic situation, there were also issues of security. So 2020 has been a very challenging year in terms of health, security and the economy.
“I think in Nigeria, it has been quite challenging. We remain grateful to God that He will get us through these challenges. What affected the world has affected us. The lesson we have to learn as a result of what we went through in 2020 has something to do with how we were able to address issues of Covid-19. It hasn’t finished yet. Some new mutations have been discovered. So whatever lesson we have acquired or learnt in 2020, we should be able to do better in 2021.
Buhari’s New Year Address Empty, Directionless — PDP
The Peoples Democratic Party (PDP) has described the 2021 New Year address by President Muhammadu Buhari as empty and directionless, saying that it confirms the party’s belief that the nation has indeed has become leaderless.
In a statement issued in Abuja in reaction to the broadcast on Friday, the main opposition party observed that the president’s speech underscores the urgent need for compatriots to come together and salvage the nation that, it said, is fast heading to a failed state.
Kola Ologbondiyan, National Publicity Secretary of PDP, in the statement lamented as appalling that on New Year Day, all that President Buhari could offer a troubled and frustrated nation was “a regurgitated script full of lame excuses and empty promises that address nothing. As a President, President Buhari has not demonstrated the capacity to play his own part, as he claimed, having failed to find solution for the security and economic challenges that pervade our nation under his incompetent and lethargic watch.
Revisiting 2014 Confab Document More Important Than 2023 Poll, Says Olabode George
Former Deputy National Chairman of Peoples Democratic Party (PDP), Chief Olabode George, has noted that giving the numerous challenges facing the country currently, the real task before every Nigerian is to call for revisit of the 2014 Constitutional Conference documents.
George said this became imperative in order to allow for redesign of the nation along a true, fair, equitable and civilized federation, declaring that such was even more important than the 2023 presidential election.
George made this call on Friday in a statement titled: “A New Year, A New Beginning,” while identifying cankerworm of banditry, kidnappings, the #EndSARS protests that triggered ruin and bloodletting in the country alongside the “terrible” COVID-19 pandemic from which no nation was spared and whose scourge still festers across the globe. The elder statesman, who is also the Atona Odua of Yoruba land, while describing the year 2020 as indeed Annus Horribilis and at once Annus Miserabillis as well as a very terrible year on all fronts, lamented that it was amid all this that the country was still challenged with the burden of inequitable obviousness in the machineries of the state.
FG Launches Improved NIN Slip, Mobile App
The Minister of Communications and Digital Economy, Dr Isa Pantami, has approved the development and release of an improved National Identity Number (NIN) slip and a Mobile App. The highly anticipated Web Service (MWS) Application, called the NIMC Mobile App, and the improved National Identification Number (NIN) slip are now available for public use. The app provides a secure channel for all Nigerians and legal residents to easily verify and authenticate their identities on-the-go using smartphones. It also enables them to link the NIN to their phone numbers.
A statement by the Technical Assistant (Information Technology) to the Minister, Dr Femi Adeluyi said this is part of the Federal Government’s Policy to improve the process of obtaining NIN and linking it to SIM, which was sent to the National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) for implementation.
“The N20 and N40 fees for NIN verification by individuals and Mobile Network Operators, respectively, were also waived. These efforts are aimed at supporting the policy to link subscribers’ NIN to their SIM, which was approved by the Federal Government earlier in the year and communicated to the NCC on the 4th of February, 2020”, the statement noted.
Mr. Joseph Simeon is an Editor/Content Creator at Naija Buzz News. He is an experienced content creator. He currently leads a small group of talented writers at Naija Buzz News. He previously served as the Relationship Editor at 1Push.Ng. He studied Public Administration at the Federal Polytechnic Idah, Kogi State, before proceeding to Kaduna Polytechnic Kaduna for his Advance Studies in Public Administration. Simeon loves and enjoys playing football.