NewStats: 3,263,620 , 8,180,780 topics. Date: Friday, 06 June 2025 at 08:48 PM 5t4ov

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Celestialsword's Posts 4q1i5c

Celestialsword's Posts

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Celestialsword: 8:43pm
Kobojunkie:
I don't think anyone forced her into marrying her enemy, though. Na she go find her a way commot from that circle fortunately after ensuring the man lands in jail at least for a couple of nights for the money he stole. 🥱🥱🥱
Marriages are spoons before they metamophos into fork.

As time goes on, you begin to know more about the person you got married to,

There are many sheeps in wolf clothings in marriages.

A sheep and a wolf cannot live peacefully under the same roof,as you rightly said one have to give way,and that's the sheep
Celestialsword: 7:39pm
SagittariusFx:
Hey guys, I’m 31, didn’t finish school, and somehow (let’s just say not the best way), I was able to gather around 8 million naira. I know how easy it is to blow money in this country, so I don’t want to make wrong moves now.

So far, I’ve opened 2 POS shops and I’m planning to start a laundry business here in the East. But I’m thinking long-term now.

I’m in a serious relationship with a really good lady and hope to get married soon, so I want something stable that can my future family and also help with my responsibilities back home.

I learned forex trading, and while I understand it, I’ve not been consistently profitable — it feels too risky to rely on.

Now I’m asking:
• Should I focus more on growing businesses or learn a digital skill?
• Is 31 too late to start learning tech or digital skills?
• If not, which skills are profitable and worth learning now?
• Any business ideas you think are good for my location?

I also have a big ion for cars, especially modification. I’ve been considering learning car wrapping and turning it into a business. Is that a good idea?

Lastly, I’m thinking of getting a small car and relocating to Abuja or Port Harcourt to try e-hailing.
I just want something steady and reliable — not a hustle that will fade fast.

Please drop any real advice, ideas, or skills you think I should consider. I’ll appreciate every suggestion 🙏🏽
Seun nlfpmods please push to front page
Why didn't you invest the money into where you made it from.

Why going into other strange areas that you knows nothing about

1 Like

Celestialsword: 7:28pm
midform:
70y years old man o
Yes he is a successful 70 years old man.

This is just an example of self discovery,in this life, just be yourself and do what gives you joy and fulfilments.

That's Charly boy you
Celestialsword: 5:02pm
helinues:
Hardship hardship but go to Ijebu and visit the hotels, they are full
Nigerians are hypocrisy is like 5 and 6
Celestialsword: 4:52pm
Kobojunkie:
You would need to do the deep thinking here since your statement is what makes no sense as far as reality or my personality. Think carefully about it! undecided
let me put it better to your understanding.

If you're solitary,you don't mingle and socialize with people or doing things alone you would think you are Free from mistakes

That in itself is a mistake.No mortal on earth is above mistakes and there's nothing like small mistakes

Some mistakes you think are small will end up haunting you in future
Celestialsword: 4:41pm
Kobojunkieee:
. I am afraid your comment makes no sense to as far as my personality. Reason it out yourself, and you will realize this even for yourself. undecided
think deep
Celestialsword: 6:15am
As Nigerian Muslims their counterparts in other parts of the world to celebrate the Eid-el-Kabir, prices of food items and transport fares have risen sharply.

Also, the prices of various sizes of rams, which is symbolically slaughtered to mark the ocassion has gone up, forcing many Muslim faithful to settle for alternatives.

Soaring prices dampen celebrations

In Ibadan, Oyo State, the soaring food prices have dampened the celebrations, forcing many to rush for last-minute purchases.

At Bodija Market, Ibadan, Vanguard spoke with several Muslim faithful and vendors, who shared their experiences amid the challenging circumstances.

Alhaji Ganiyu, a ram seller, expressed his frustration with this year’s sales, stating “My stall is usually busy at this time, but this year is different. Many can’t afford to buy even one ram.”

A mother, who gave her name as Khadija, recounted her difficulties in preparing for Eid-el-Kabir. Despite saving for months, soaring prices have significantly reduced her budget.

“I have kids who are looking forward to Eid-el-Kabir, but I’m concerned about letting them down. We’ll make do with what we can, but it’s a challenge.”

Prices soar in major Lagos markets
The prices of perishable and non-perishable food items have soared in some major markets in Lagos.
A visit to the popular Oyingbo market revealed that the price of Scotch Bonnet popularly called (Ata Rodo) ranges between N2,000 and N8,000 depending on the quantity as against N200 and N500 last month.

Meanwhile, a bag of Rodo on the eve of Sallah celebration is N200,000, as against N110,000 before. A trader told Vanguard that the price hike started on Monday

Also, a bag of bell pepper, called tatashe, yesterday, was N200,000 as against N130,000 last week.
A bag of chilli pepper popularly known as bawa or shombo, now costs N200,000 as against N120,000 last week and a basket of tomatoes cost N220,000 as against N160,000 last week.

At Sabo, a pepper seller lamented that the cost of pepper has negatively affected their sales.
According to him, “The changes in the prices started on Monday, when Hausa traders started travelling back to the North.

“This situation has also rubbed off on people as they no longer patronize us as it used to be. I am also not happy the way things are going this year.

“Last year, it was a little better than what we are experiencing this year. Imagine that a lot of people want to celebrate Sallah without having food. Some people prefer to buy dried pepper because it is cheaper than the fresh ones.”

Vanguard gathered that, in major markets including Mile 12, Oyingbo, Mushin, Lagos Island, and Ajah, Epe) between Monday and yesterday, prices of food items jumped by almost 300 per cent in some cases within the space of one year.

A trader at Mile 2 martket told Vanguard: “A basket of tomatoes which was sold between N145,000 and N160,000 in 2024 had risen to N200,000 at Mile 12, N220,000 in Oyingbo market while places including Mushin, Lekki, Ajah, Epe, Iyana-Oba, Orile, cost as high as N16,000, N12,000, N10,000 and N8,000 per small measurement depending on the area.”

Vanguard gathered that onions are relatively cheap perhaps, it is in its season. But, it is still costly compared to what it was in 2024.

Mohammed, an onions seller in Oyingbo revealed that, a 100kg basket of onions is now selling for N100,000 against N70,000 in 2024.

“Today, a bag of 50kg rice ranges between N50,000 and N65,000 depending on the product and quality,” he added.

Also, prices of rams, goats and cows in Lagos have soared.

A medium-sized cow ranged from N700,000 to as high as N1.5million, a ram ranged from N250,000 to N700,000 and a goat from N100,000 to N150,000 depending on bargaining strength.

Eggs and chickens have also jumped as a crate of eggs is sold between N6,000 and N7,000 as against 2024 when it was sold for N4,500.

Price hike in Kwara state
Transport fares from Ilorin to Lagos and vice versa have increased by 300 per cent. It used to be N10,000 but it’s now 30,000.

Also, transport fare from Ilorin to Abuja and vice versa is now N28,000, it used to be N25,000 before Sallah.

Omu Aran to Ilorin was N2,500 before Sallah, but it’s now N4,000.
It was gathered that the prices might increase till late in the evening and return to normalcy by tomorrow morning.

Price of one bag of rice has remained stable or even lower, it was N68,000 before now, but it oscillates between N60,000 and N62,000 during this Sallah period.

Transport hike in Osogbo
Although the prices of food items remain unchanged, the cost of transportation almost doubled.
There is price hike in both intra and inter state travels.

Those traveling from Osogbo to Iwo, which was N2,000 went up to N3,000, while travellers to Ibadan from Osogbo now pay N4,000 as against N2,500 before now.

Travellers going to Lagos State paid N12,000 against N7,000 before sallah season.

Hardship forcing prices down in Sokoto
The current prices of foodstuffs in Sokoto is decreasing by the day with a 50kg bag of parboiled rice being sold at N63,000 as against the N90,000 in March and early April this year.

A sack of local potatoes sold for N20,000 in April is now N12,000. The prices of beans and soya beans have also dropped significantly from the initial prices despite the anticipated Sallah festivities.
Prices of tomatoes, onions, pepper and other vegetables have also dropped.

Many believe that the crash in prices of foodstuffs in the state was due to economic downturn.
Sokoto markets have been flooded with all kinds of foodstuffs, including yam, fresh maize and Irish potatoes which is so common to many households in the state.

According to the Chairman, Sokoto Traders Association, Alhaji Bashir Gishiri, the crash in prices of foodstuffs in Sokoto and other parts of North West is an act of God.

“The security situation had forced many farmers to abandon farming for fear of bandits and other criminal gangs operating in the region.

“As God wants, the prices of farm produce is still falling. I am optimistic it will continue to crash as security sitituation improves and many farmers go back to farms.”

Prices skyrocket Ogun
A visit to markets in Abeokuta, Ogun State, revealed that prices of food commodities have gone up compared to what was obtained in May.

At the popular Olomore market, a basket of tomatoes that was sold for N45,000, is now N150,000, while pepper, which sold for N60,000 in May, is now between N150,000 and N170,000 per basket.

A visit to different locations where they sell rams showed that the prices have also gone up, compared to last year. Small rams sell for between N400,000 and N500,000, while big ones sell between N800,000 and N900,000.

A bag of rice is between N60,000 and N61,000.

A ram seller, who identified himself as Mallam Abdullah Sanni attributed the high cost of rams to transportation cost.

He explained that transporting the animals from the North costs more compared to last year.
He also attributed the high cost to low supply and insecurity in some parts of the northern states.

Fares rises as food items remain stable in Kaduna

In Kaduna, prices of food items have remained stable. Mrs Aisha Muhammad, who resides in Kaduna North, said a 50kg bag of rice sells for between N55,000 to N70,000, depending on the grade, compared to before when foreign rice sold for over N100,000.

She said a local measure of 8-cup sells for between N2,200 to N2,500.

A local measure of 8-cup of beans cost N2,500 and that of gari sells at N1,200. Before it was sold for 1,500. A bag of maize sells for between N50,000 to N55,000, compared to a couple of months ago when it sold for about N70,000.

On transport fare in the the state, a trip by bus from Kawo Kaduna to Abuja cost between N9,000 to N10,000. A trip to Zaria by bus costs between N1,500 to N2,000. Before, a trip to Abuja was between N6,000 to N7,000, while from Kaduna to Zaria was from N900 to N1,000.

Within Kaduna town, a journey from Sabon Tasha to Kawo cost between N800 to N1000, while commuters pay between N500 to N600 from Gari Kasuwa to Gonin Gora. From Kawo to Gari Kasuwa cost N300, either by commercial buses or Keke Napep.

Prices up in Kano
Prices of foodstuffs remain relatively low but prices of vegetables and livestock which are essential commodities for the preparation of the foodstuffs had soared.

A customer, Ramatu Aminu said a basket of tomatoes which was sold for N11,000 to N20,000 on Sunday now goes for N40,000.

She also said a basket of pepper was around N80,000, but now heading to N150,000.
The story is the same as commuters lamented hike in transport fare.

A traveler, Abdulwaheed Kola said he boarded vehicle from Kano to Lagos at the cost N27,000 a month ago but it now cost him N35,000.

Another traveler, Muntari Masanawa said he boarded vehicle from Kano to Malumfashi LGA in Katsina State at the cost of N3,000 but now cost N3,500 while from Kano to Funtua LGA in Katsina State, which cost N4,000 now goes for the cost of N4,500.

Ram traders lament rising preference to cows
Some ram traders in Lagos State have lamented the preference for cows to rams by Muslim faithful.
The traders said that most people prefer to buy cows than rams because of the size and the fact that five families could buy and share for the celebration.

A ram trader, Mr Ibrahim Hassan, at the Lawanson area of the state, said patronage has been decent, but with an interesting twist.

“The patronage this year is not bad, but I have noticed that people are buying more cows than rams. I believe the reason behind this shift is that cows are more economical and offer better value for money.

“When families or even groups of friends come together, they can share a cow and still fulfil the sacrifice. That way, instead of each person buying a ram for over N500,000, they split the cost.

“The cheapest cow you can get right now is around N800,000, while the cheapest ram starts at about N550,000. Prices also vary depending on the size and weight of the animal.

“I have ed my sources for more cows, but the market price has gone up since last week. It’s a volatile market, and prices can change quickly,” Hassan said.

Also, Mr. Shakiru Gbadamosi, another ram seller at Lawanson, said he observed that “People are weighing their options this Sallah, and they have been buying more of cows.

“I was surprised to see some buyers turning to cows, and this trend has been on for weeks. Although many still prefer rams for Sallah because it’s about tradition and religious significance.

“The ram is the symbolic animal for the sacrifice, and that’s not something easily replaced.

“Prices have gone up this year, an average size ram now costs between N550,000 and N700,000 depending on the size and breed. But despite that, the demand remains steady.

“Some people have been buying younger rams because they are less expensive but still acceptable.
“The younger rams are sold for between N130,000 and N250,000,” Gbadamosi said.

A buyer, Mr. Folajimi Aderibigbe, who confirmed the trend, said buying a cow seems like a better option.
“We are a family of eight, and instead of buying two small rams, we ed with my brother-in-law and bought a cow. It cost us N950,000, but we split it. Everyone still gets to perform their sacrifice and save money.

“Traditionally, rams are the preferred animal for Eid-el-Kabir (Sallah). However, economic realities have changed things, and we must find a way to adapt,” he said.

Also, vegetable oil traders said they have observed increased patronage due to the Sallah celebration.
Mrs. Linda Nwachukwu, a cooking oil trader at the Lawanson Market, said the demand for cooking oil increased because of preparations ahead of Sallah.

“The celebration usually increases the demand for groundnut oil. Consumers have been stocking up oil since last week.

“Cooking oil prices have risen, but it is cheaper than last December, a 25-litre container cost N110,000, a price that persisted until April 2025.

“A recent price adjust-ment, three weeks ago, sets the current rates for groundnut oil at N78,000 for 25 litres, N35,000 for 10 litres, and N18,500 for five litres.

“This is unusual, groundnut oil prices normally surge in December and then decrease by January or February, but it stayed high for a long time,” she said.

Another trader, Mrs. Imoleayo Fakunle, said she buys in larger jerrycans and sell in measured portions to customers who cannot afford bigger sizes.

“Not everyone can buy 25 litres or even afford the branded ones, so as a vendor, what I do, is to buy in larger containers and sell in small portions.

“Groundnut oil is expensive, but it is essential. A lot of customers have been buying the measured portions, and they are always happy that they can save money.

“Despite rising prices, customers prioritise the essential ingredient for their celebrations,” she said.
Mrs. Taraoluwa Alausa, a consumer at the Idi-Araba Market, said she had learned to prioritise when buying cooking oil since the increase in the price of groundnut oil.

“I purchase measured portions of oil specifically for frying and use a good branded oil for general cooking.

“Lately, I have become more conscious about the type of oil I use. I want something natural and less processed. It’s a bit pricier, but I think it’s good for healthy living.

“However, for this celebration, there is going to be an exception because I will be frying with the measured portions I bought. This way, I can save more and even fry more,” Alausa said.

Residents groan high cost of ram, settle for alternatives

In Abeokuta and its environs, the situation is the same, as residents lamented the high cost of ram, while opting for alternatives.

Some of them in separate interviews, noted that the exhorbitant prices of sacrificial animals could make them seek alternatives.

Alh. Ganiyu Babalola, a civil servant, explained that he used to buy, at least, two rams to celebrate the festival with his parents and children.

Babalola said the amount spent in 2024 to buy two rams is what he spent buying one this year.
“I bought the two rams N250,000 each but this year, I got one for N470,000. Instead of buying two, I called my siblings and we contributed to buy a cow to the ram I bought,” he said.

Akande Jimoh, a welder, said he has no plan to buy a ram this year, considering the cost implications.
“I can not afford to buy a ram this year. The price of a big ram ranges from N550,000 to N800,000. Where will I get such money? I have decided to take two of the goats I am rearing to celebrate the festival. My God will understand.

“I wish the government has the power to control the prices of these animals,” he said.

On her part, Mrs. Bidemi Ahmed, said: “Ram, whether big or small is not affordable this year compared to 2024.

“Although, my husband has bought one, but I must say I’m not so happy with the choice he settled for, at the rate of N250,000.

“Gone are those days when they will be begging you to buy, but right now, when you turn your back, they won’t even call you back,” she said.

Mallam Abdulfatah Akanni, an Islamic scholar, described the situation as a challenging moment for Muslims.

“As Muslims, we have to be cautious. Let’s cut our coat according to the size of our clothes,” he said.
Malam Yusuf Sanusi, a ram vendor, also attributed the high cost of ram to transportation cost and other logistics.

Farmers, traders lament low sales
Meanwhile, All Farmers Association of Nigeria, AFAN, and foodstuffs traders in Lagos have lamented low patronage of foodstuffs this Sallah season due to inflation which affected consumers purchasing power.
The Lagos State AFAN Vice Chairman, Mr. Shakin Agbayewa, said consumers purchasing power had reduced despite the drop in the price of some produce in the country.

“The celebration this year is associated with mixed feelings. Some of the produce have dropped in price but the purchasing power of the people have dropped.

“The price of a bag of rice in Lagos State and its environs is between N51,000 and N57,000 depending on the location. However, people can buy rice, the ram but have no money to buy pepper to cook for the Sallah.

“For pepper, as of today, pepper is on the high side. It is really on the high side. A lot of people are complaining about pepper.

“We encourage people to start cultivating pepper in the state. The cost of transportation is what has made pepper costly at this celebration season.

“Sometimes, I think, the price hike of these produce during the Sallah celebration is intentional, the traders just want to make extra profit because of the celebration.

“After the celebration, the prices of pepper and tomatoes, I believe, will drop,” Agbayewa said
On her part, Mrs. Tolu Agunbiade, a foodstuff trader at Agege area of the state, said patronage was quite low when compared with 2024 Sallah.

“The price of rice has drastically dropped in comparison to last year’s Sallah celebration. A bag of rice now sells between N56,000 and N62,000 depending on the location and species. In comparison to last year’s celebration, a bag sold at N98,000 to N110,000.

“However, the purchasing power of the consumers is quite low, people are not buying as they ought to, even with the reduced price.

“Even the price of groundnut oil has dropped, last year a five litre keg sold for N13,000 to N16,000, presently, the same quantity sells at N10,000 but the patronage is quite low,” Agunbiade said.
A caterer and foodstuff trader, Mrs Pat Gbagi, said prices would drop after the Sallah celebration, while urging consumers to be patient.

“This week, the price of tomatoes and pepper is quite high due to the Sallah celebration.
“The cost of pepper is astronomically high, a bag of pepper at Mile 12 market sold at N200,000 but today the same quantity sells between N250,000 and N300,000.

“If not for the celebration, I do not advise anyone to go to the market this week. However, people will only buy what they can afford,” Gbagi said.

Ram sellers lament low patronage as prices soar

Ram traders in Osogbo, Osun State, yesterday, lamented low patronage, attributing it to rising costs and economic challenges in the country.

Some ram sellers said there is decline in patronage compared to what was applicable last year due to increase in the price of rams in the market.

Ismail Musa, a trader at the Powerline market, Osogbo, lamented that patronage is not encouraging compared to last year, noting that the cost of sourcing rams from the North has affected the price.
Musa said that the patronage was low due to the present economic situation in the country.

“People do not have much money. I have only sold five rams and four goats in the last three days. Last year’s sales were impressive, but this year’s sales have been slow.

“We are selling a big sized ram for N400,000 to N420,000 and the small sized ram between N120,000 and N130,000.

“The rams that we sold for N200,000 last year are now selling for N450,000,” he stated. He identified the cost of transportation from the North as the major factor that has contributed to the rising cost, calling for the reduction in the price of petrol.

Another ram seller, Abioye Saheed, said a medium size ram is being sold between N350,000 and N500,000 against N200,000 last year.

“Last year, the transportation cost was between N700,000 and N800,000 per trailer, but this year, we are paying over N2 million from the northern part of the country,” he disclosed.






© 2025 Vanguard Media Limited, Nigeria
Celestialsword: 5:26am
It's their nature it's feminine, You will believe when you are madly in love.

A dog that wants to die doesn't hear his master's whistle

58 Likes 4 Shares

Celestialsword: 5:21am
Kobojunkie:
None of the mistakes of my past have ever resulted in damages of the magnitude you describe, though. undecided
It means you are a docile personality
Celestialsword: 11:44pm On Jun 05
Kobojunkie:
I believe I have yet the make any mistake that is of significance. undecided
small mistakes that you call insignificant,can cause a whole lot of damage
Celestialsword: 11:39pm On Jun 05
Foodqueen:
When you patronize them, if you can, double their money.
Why,are they beggars
Celestialsword: 11:15pm On Jun 05
Professor Jibril Aminu, a renowned Nigerian scholar, politician, and diplomat, has ed away at the age of 85.

A family source confirmed the news to Daily Trust , on Wednesday.


Hon. Abdullahi Prambe, Commissioner for Housing and Urban Development in Adamawa State, also confirmed the news


Aminu, who celebrated his 85th birthday on August 25, 2024, was a towering figure in Nigerian public life.

Born in Song, Adamawa in 1939, his illustrious career spanned several critical sectors.

He was a Consultant Cardiologist, an influential educational , and a seasoned statesman.

His extensive public service included pivotal roles as Minister of Education, Minister of Petroleum and Mineral Resources, Nigerian Ambassador to the United States, and a Senator who represented Adamawa Central.

Prambe expressed profound sorrow over the loss, describing the deceased as a mentor and a guiding light for both Adamawa and Nigeria.

“His contributions to education, healthcare, and governance will remain etched in our history,” Prambe stated.

A family source said the funeral is scheduled for today, following the Zuhr prayer, at the Abuja National Mosque.

The family is yet to release an official statement regarding the exact cause of death or further funeral arrangements.


1998 - 2025 Media Trust Limited. All rights reserved.
Celestialsword: 10:57pm On Jun 05
shinaola21:


Well that's their problem,I don't even give my stepbrother face cause I despise people who make others cry but I'm really pitying my mom who's associating herself with a criminal!😐

I rather starve than do Yahoo cause what you don't work hard for doesn't last forever..
That's one hundred percent correct

2 Likes

Celestialsword: 10:46pm On Jun 05
seborrhic:

I don't believe that boy told them he purchased ritual soap for 100k.
The other things he said maybe true,but this soap own, I doubt he said that.
If he didn't tell them,how did they know.Are they magicians.
Celestialsword: 10:42pm On Jun 05
shinaola21:
🌺

Na so one of my stepbrother dey do yahoo,I just dey warn my mama which is also his mother to be careful around him but my mom doesn't take it as a big deal,I'm going to play deaf if they arrest both of them

Most yahoo boys parents do know what their children are doing only few doesn't
Any yahoo that pays now is into plus, which is rituals which mostly involved blood

2 Likes

Celestialsword: 10:40pm On Jun 05
funshint:
All these spoilt kids. One idiot once borrowed my laptop back then in 2011 when I was in final year and went to sell it for ₦12,000 naira just to buy drugs. Thank God I had my final year project saved on my USB flash. His rich parent bought me another one the next day. I pray God intervenes in his life before he self-destrcts
These rich parents always over pampers and spoil their kids.

Despite the wealth and opulence, majority of them are misfits in the society.

That's why they take them abroad to hide their delinquent behaviors but they, in most cases became worsen with western influences.

5 Likes 1 Share

Celestialsword: 10:22pm On Jun 05
Elivyne:
Their journey has not even started
It has started long time ago from primary school
Celestialsword: 10:18pm On Jun 05
UkoAnnang:
cheesy

But if him no do this ritual how him go take pay him school fees eeeh Babcock?

Make una no say school fees must be paid Ooooh
yahoo+ rituals involve blood
Celestialsword: 7:52pm On Jun 04
Delta State Polytechnic, Otefe-Oghara (DESPO), in Ethiope West Local Government Area of Delta State, held a historic convocation ceremony on Saturday, marking its second combined graduation in the institution’s history—and the first in a decade.

The grand occasion celebrated 10 sets of graduands from the 2014/2015 to 2023/2024 academic years, comprising a total of 72,540 students. Of this figure, 53,432 received National Diplomas (ND), while 19,108 earned Higher National Diplomas (HND). Notably, 244 HND and 196 ND graduands finished with distinction, while many others attained upper and lower credit honours.


The conference hall of the polytechnic hosted the momentous event, attended by a cross-section of dignitaries, traditional rulers, staff unions, students, parents, and community .

Addressing the gathering, the Rector of the polytechnic, Professor Emmanuel Ufuophu-Biri, described the convocation as “a solemn, significant and prestigious ceremony dating back to Europe’s earliest universities.”

“It signifies a rite of age and honour for students who have just graduated,” he said. “It is a ritual to welcome successful graduates to the world of scholars and academically refined individuals.”

According to the Rector, the ceremony also provides an opportunity “for the Visitor to visit and interface with the polytechnic annually, offer advice, make productive and progressive announcements, commission projects, and do other good things for the polytechnic.”



Reflecting on his three-year tenure, Prof Ufuophu-Biri outlined several milestones achieved through Internally Generated Revenue (IGR), including the completion of the Rt. Hon. Sheriff Oborevwori istrative Building, named in honour of the state governor. He also highlighted the ongoing construction of a 40-office School of Applied Science and Technology Complex.

One of the institution’s most celebrated breakthroughs, he said, was the 2023 invention of a fuel-less generator, developed by a team of researchers and technologists. The innovation, which operates without fuel, solar, hydro, or biogas, has drawn international attention and placed DESPO at the forefront of applied research and innovation.

The Rector also announced the establishment of a School of Environmental Studies, which will house programmes in architecture, building technology, and surveying, among others.

He further revealed that in 2023, DESPO secured 100% five-year full accreditation for its 30 academic programmes, as well as institutional accreditation from the National Board for Technical Education (NBTE). In late 2024, following a rigorous resource verification process, NBTE approved 23 additional academic programmes, raising the total to 53. These include cutting-edge offerings such as ND in Civil Engineering and HNDs in Mass Communication, Artificial Intelligence, and Cyber Security and Data Protection.


Prof Ufuophu-Biri appealed to Governor Sheriff Oborevwori to approve the convocation as an annual event. He also urged the state government to complete the long-abandoned lecture auditorium project, which began around 2003 but remains unfinished after more than two decades.

Commending Governor Oborevwori’s commitment to education, the Rector likened Delta State to the “Boston area of Africa,” citing its high concentration of tertiary institutions. He called for national reforms to enable polytechnics to award Bachelor of Engineering degrees and for the Chief Lecturer rank to be elevated to Associate Professor.

Addressing the graduands, he encouraged them to become loyal ambassadors of the polytechnic:

Chairman of the Governing Council, Andrew Orugbo, noted that the ceremony was DESPO’s second-ever convocation and the first in the last ten years. While commending the state government for its , he stressed the urgent need for academic and non-academic staff to meet the demands of new and expanding programmes.


In his remarks, Governor Sheriff Oborevwori congratulated the graduands, describing their success as a testament to their perseverance and dedication.

“To our graduating students, I say congratulations. Your journey has not been easy, but your dedication has brought you to this proud moment. You have earned not only certificates but the confidence to take on the future.”

The governor praised the polytechnic for producing graduates who are driving innovation and contributing meaningfully to national development. He reaffirmed his istration’s commitment to education, particularly in the technical and vocational sectors, which he described as vital to economic transformation.

“This is not the end but the beginning of a new chapter,” he told the graduates. “Step into the world with confidence, integrity, and creativity. You have been prepared to lead, to innovate, and to solve problems. Be proud ambassadors of this great institution and let your light shine wherever you go.”

He also thanked the polytechnic’s management and staff for their dedication and contribution to institutional growth.

Meanwhile, Okene Efemena was announced as the Overall Best Graduating Student across the 10 academic sets, having earned a CGPA of 3.86.

The ceremony also featured the conferment of the Fellowship of Technology of Delta State Polytechnic, Otefe-Oghara, on six distinguished Nigerians in recognition of their contributions to education and society. Honourees included HRM Noble Oyibo Eshemtan, Orefe III, the Ovie of Oghara Kingdom; Olorogun John Oguma, CEO, Obakpor Engineering Ltd; HRM Obukohwo Monday Whiskey, Udurhie I, the Ovie of Idjerhe Kingdom; Hon Barr John Obukohwo Nani, Chairman, DESOPADEC; HRM Matthew Ediri Egbi, Owahwa II, the Okobaro of Ughievwen Kingdom; and Engr Mike Orugbo.

The event was a vibrant blend of tradition, academia, and celebration, firmly etching the polytechnic’s name in the annals of Nigerian higher education.


© 2025 African Newspapers of Nigeria Plc. All Rights Reserved.
Celestialsword: 7:10pm On Jun 04
olawaleatanda:
remain atiku and Peter Obi
Yes, they are the only ones that will tell him the truth about his wrong and ill timed policies and not all these praise singers
Celestialsword: 11:08am On Jun 04
nairalanda1:


Bayelsa gets 700 bn for budget this year

That is 443 million dollars, less than what one hospital in the USA spends per annum. Or what another hospital in the USA used to expand facilities

Nigeria is not a rich country. The day you realize this is the day you know why our leaders are bad, and why we haven't had good leaders
Why use the dollar a benchmark to rate the economy of the country.

There a lot of things that are sourced locally that can improve the live of the people.This is Nigeria and not America.
Celestialsword: 10:50am On Jun 04
Atarakpa:
Many of our state governors are lazy
The truth is that many states are not viable,they can't sustain themselves even with the federal allocation given to them.

The monthly sharing of the federal allocation is because of some northern states

They should stop agitating for the creation of more states, instead some of these states should be merged together
Celestialsword: 4:55am On Jun 04
The National Emergency Management Agency says it has deployed its officials in 15 high-risk states to further enlighten residents on the impending floods and the need to relocate from flood-prone areas, saying victims of the tragedy in Mokwa, Niger State lived in gully areas and were caught unawares by the recent flooding disaster in the state despite official warnings.

Head of the Press Unit at NEMA, Manzo Ezekiel, said the states include Kogi, Imo, Enugu, Adamawa, Taraba, Borno, Zamfara, Katsina and the Federal Capital Territory.

He lamented that many victims of the May 23 flooding built their residences in gully areas prone to floods.

The flood in Mokwa, a commercial hub in Niger State, claimed over 200 lives, with hundreds of others declared missing.

The rainy season usually runs from April to October in Nigeria and last Wednesday, the Nigerian Meteorological Agency issued a forecast of heavy storms for Abuja and 14 of the country’s 36 states, including Niger.

Niger, Nigeria’s largest state by landmass, is home to three major dams – Kainji, Jebba and Shiroro – which contribute significantly to the country’s electricity grid. A fourth dam is under construction.

The state has been prone to flooding in recent times. In April, water released from one of the dams destroyed more than 5,000 farms in 30 communities, including in Mokwa. Reports suggested it was the sixth flood in the state this year.

In 2022, floods killed more than 600 people, displaced about 1.4 million and destroyed 440,000 hectares of farmland.

Ezekiel said, “Although Mokwa was identified as one of the local government areas that were at risk of being flooded, the magnitude at which it occurred was unprecedented. If you visit the location where the flooding happened, you will see that the houses were built in a big gully. And there are so many communities that are living in those kinds of areas.”

NEMA’s press chief maintained that although official warnings, which identified Niger State as being at risk of flooding, did not designate the state as ‘high risk,’ residents were obligated to remain alert.

“That is why we are saying that people should not relax, even those LGAs that were not identified. Because the forecasting agency did not mention that Mokwa LGA is at high risk, it is not an excuse for anybody or any community to relax. Everybody must be on alert. Every community needs to take a necessary step to forestall flooding in its area,” he onished.

Ezekiel explained that victims who lived in gullies and other flood-prone areas were caught unawares.

“Of course, they didn’t see it coming,” he stated. “But you know, once a hydrological runoff cannot take the water that comes as a result of intensive rain, like what happened in that area, the likelihood that the community will be swept away is very high. And that is what has happened.”

The NEMA official acknowledged that Nigeria has “so many places that are at risk,” citing the 2024 Maiduguri flooding.


He warned, “It happened last year in Maiduguri. Nobody saw it coming that the Alau Dam would break and lead to that kind of thing. Every community needs to be on alert and take the necessary steps to forestall what happened in Mokwa from coming to their area.”

Meanwhile, the Federal Government said it has ramped up efforts to mitigate the impact of the flooding, working with state governments and emergency agencies.

Ezekiel revealed that the NEMA Director-General Zubaida Umar reported at the flood site within 24 hours.

“The NEMA DG arrived at that location less than 24 hours after the incident, to show the seriousness that NEMA attached to what had happened,” Ezekiel noted.

“Given the seriousness we attach to providing care and necessary , we activated our operations office, and the Director of Search and Rescue was to strengthen being provided at that location.’’

Ezekiel added that the NEMA DG’s activity on the flood site included raising awareness to prepare every community to handle floods.

The agency noted that it has escalated its anti-flooding advocacy nationwide, especially to reach citizens who seemed not to understand the anti-flooding message.

Ezekiel remarked, “We deployed anti-flooding advocacy teams to the 36 states of the federation and the Federal Capital Territory. The responses have been overwhelming. We sent messages to them, but most of them didn’t even know the implications until they saw of our advocacy come to speak to them on the issues related to the flooding. So, we can say all hands are on deck in collaboration with states.”

Ezekiel explained that the agency chose the in-person methodology to “meet with the people in the community and also take from them,” especially because “in some of the communities, the people are not even aware of the problem.” NEMA’s activities included training on emergency healthcare and evacuation procedures.

In some communities, we gave them first aid boxes and taught them how to ister them, because those are some of the immediate problems that may occur if there is a flood,” he asserted. “We interact with the community, and the communities we visit are usually those that have been identified to be at risk.

“We advise them on evacuation plans. It can be difficult for people to vacate their places of comfort, but we inform them of the need for early evacuation. During one of the advocacy programmes in Gombe, the deputy governor gathered all the local government chairmen and even integrated local emergency management committees to boost awareness in the communities. It is a big win for us.”

He explained that it has worked smoothly with state agencies in its campaign, noting, ” We do not operate on our own when we get to the states. We make sure that state officials are part of the advocacy. State emergency management officials and other state-level stakeholders, from the relevant ministries, the Ministry of Health, the Ministry of Transport, the Red Cross, to the civil defence and the police operating in those states are also brought in.”

While Ezekiel hailed NEMA’s collaboration with state-run agencies’ response as “very overwhelming to us,” he called for from the political actors.

Speaking on the Mokwa flooding on Tuesday, the Minister of Water Resources and Sanitation, Joseph Utsev, dispelled reports that water released from Kainji and Jebba Dams caused the flooding and deaths in the town.

Utsev clarified this during a press conference held in Abuja, where he blamed the lack of adherence by the people in the state to flood warnings.

He said, “The Federal Ministry of Water Resources and Sanitation extends its heartfelt sympathy and solidarity to the Government and the good people of Niger State, especially the affected communities in Mokwa, who have experienced losses, deaths and displacements as a result of this natural disaster.

“I like to emphasise that the flood was not caused by water releases from either the Kainji or Jebba dams and that both dams are intact and safe.

“We commend the immediate response efforts of the Niger State Government, local authorities, and first responders who have been working tirelessly to provide relief and to the victims.

“The flood in Mokwa town was primarily caused by heavy rainfall due to extreme weather conditions occasioned by Climate change, an emerging Global Phenomenon which overwhelmed local drainage systems.

“Additionally, unregulated buildings and construction activities blocked an ephemeral tributary of River Dingi, a regressive river, a tributary of River Niger, which remains dry almost all year round with flows solely dependent on surface runoff by rainfall.

“The absence of efficient alternative pathways to redirect the excess water further worsened the flood’s impact on the communities

“Nigerians would recall that the Federal Ministry of Water Resources and Sanitation through the Nigeria Hydrological Services Agency in the 2025 Annual Flood Outlook on the 10th of April 2025 predicted flooding in 19 LGAs of Niger state including Mokwa LGA.”

communities in 176 Local Government Areas in 33 states and the FCT fall within the High Flood Risk Areas, while 2,187 communities in 293 LGAs in 31 states, including the Federal Capital Territory, fall within the Moderate Flood Risk Areas.

The High Flood Risk States are Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Federal Capital Territory, Gombe, Imo, Jigawa, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Rivers, Sokoto, Taraba, Yobe, Zamfara.

“Let me take this opportunity to re-echo the key warnings and recommendations from the 2025 Annual Flood Outlook.

“We had urged and we are still urging states and local governments to act on these early warnings by strengthening drainage infrastructure; relocating vulnerable communities from flood plains; engaging in sustained public awareness campaigns; and enforcing land-use regulations to prevent encroachment into flood-prone areas.’’

As Mokwa residents continued to reel from the devastating floods, the Niger State Emergency Management Agency said the death toll has risen to 160 though reports claimed over 200 corpses had been buried.

It explained that four dead bodies were recovered on Monday and three corpses on Tuesday.

The agency, in a statement, disclosed that the casualties include two children buried under tree debris.

The Director General of NSEMA, Abdullahi Baba-Arah, who signed the statement, stated that the recovered corpses were confirmed by NEMA, the International Organisation for Migration and the Red Cross.


“Seven more dead bodies were recovered from the Mokwa flood incident. Four were recovered on Monday evening, while three were recovered on Tuesday morning and afternoon, respectively. One was recovered late this morning, while the other two were recovered in the afternoon.

“This was delayed as we went for verification at the burial sites. It was confirmed alongside Sarkin Hausawa. The two corpses were recovered along Mokwa/Raba axis. There were two children buried under tree debris. We have to employ the services of locals to dig out the corpses. The total corpses recovered is now 160 as of June 3, 2025. This was verified by NSEMA, NEMA, IOM, and Red Cross,” Baba-Arah said.

In a related development, the League of Northern Democrats called for compensation and for families of victims of the Mokwa flooding.

The group also urged the Federal Government to implement resettlement and rehabilitation measures, including constructing low-income, subsidised housing for displaced residents.

It made the call in a statement signed by its National Publicity Secretary, Dr Ladan Salihu, on Tuesday.

The statement read, “The League of Northern Democrats appeals to the Federal Government to take further measures to resettle and rehabilitate the victims of the Mokwa flood disaster. We equally call on the government to consider humanitarian compensation and for victims and families who have lost loved ones, homes, or livelihoods, helping them recover and rebuild their lives.

“We call on the government to prioritise the relocation of the affected communities to higher land elevation and engage the Federal Ministry of Works to construct low-income, subsidised housing homes for the victims.

“Considering the fact that more than 700 Nigerians lost their lives in the flood disaster, we appeal to Individuals with the gift of wealth, financial institutions and corporate organisations to come to the aid of victims of this massive disaster.”

Stressing that hundreds were affected by the incident, the LND renewed its call on the government, well-meaning individuals, organisations, and institutions to assist the victims.

The group further urged the Federal Government to relocate affected communities to safer areas and begin the rebuilding of critical infrastructure, including roads and bridges, to restore access and revive economic activity.

“In addition, the government must urgently invest in rebuilding and restoring critical infrastructure, such as roads and bridges, to facilitate access to affected areas and revive economic activities.

“The government should also invest in flood control measures, such as dam management and drainage systems, to mitigate the impact of future floods.

“Public awareness campaigns can be launched to educate residents in flood-prone areas about early warning signs and preventive measures, reducing the risk of casualties and future occurrences,” the statement read.

To prevent flooding, NEMA has intensified community engagements to avert a flood disaster in Ekiti State.

NEMA Deputy Director, Disaster Risk Reduction, Dr Evans Ugoh, urged the residents to guard against behaviour and activities that could cause flooding and other disasters.

Ugoh spoke at Ikere Ekiti on Tuesday during a community forum as part of activities for the ‘Stakeholders’ engagement on national disaster preparedness and response campaign 2025’ organised by NEMA in conjunction with Ekiti State Emergency Management Authority.

Ekiti State has been listed by NIMET among states likely to experience flooding.

The NEMA deputy director cautioned residents against dumping refuse in the waterways and channels to ensure the free flow of water.

He said, “We are here primarily for enlightenment on mitigation, prevention and preparedness actions by relevant stakeholders, state, local government and communities.

“Mitigation/prevention has to do with activities aimed at preventing disaster occurrence, and proactive measures put in place reduce the impacts if it eventually occurs.


“Preparedness has to do with activities taken in advance to ensure effective response to disaster occurrence, such as early warning systems, capacity building, public enlightenment, risk assessment and mapping, among others.’’

SEMA General Manager, Oludare Asaolu, who highlighted the negative effects of flooding, harped on the need to avert it, urged residents “to be change agents by sensitising our people on what can predispose our environment to flooding.”

Asaolu said, “Flooding, a natural disaster, carries a range of consequences from immediate risks to long-term impact on human health, infrastructure, the environment and economy. Businesses can be disrupted, leading to job losses and economic downturns.

“It can lead to loss of lives (drowning and health injuries), damage to properties, essential infrastructure and displacement of population- people may be forced to evacuate their homes and may experience long-term displacement.

“Additionally, flooding can contaminate water sources, increase the risks of waterborne diseases like cholera, hepatitis and disrupt vital services like electricity and water treatment, roads, bridges and other public infrastructure can be damaged, hindering access to essential services.

“Floods can destroy crops, leading to food shortages and economic losses. This community forum is to save our people from all the losses enumerated above,” the SEMA boss said.

The Ogoga of Ikere Kingdom, Oba Adejumi Adu-Alagbado, who lauded NEMA, SEMA and other disaster management agencies for their proactive initiative, however, called for attention to the dumping of refuse in canals, channels and drainage prevalent in some communities in the state.

Oba Adu-Alagbado said, “I will ask the SEMA DG to take up this. It is a challenge. The chairmen of the local government and local council development area have assured me that after our announcements through the town criers about the evil or the negative effects of dumping refuse in the channels or canals, they will be arresting anybody who is caught. That will be a deterrent to anybody who wants to do that,” the monarch said.
https://punchng-com.cdn.ampproject.org/v/s/punchng.com/flood-alert-nema-deploys-teams-in-15-high-risk-states/?amp=&amp_gsa=1&amp_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17490166229707&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fpunchng.com%2Fflood-alert-nema-deploys-teams-in-15-high-risk-states%2F

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Celestialsword: 4:17am On Jun 04
Trustme2:

Why can't we use our black rats native to Africa or is it not still good enough?
These ones are cultured unlike our native black rats
Celestialsword: 5:46pm On Jun 03
Seven states spent an average of 190 per cent of their Internally Generated Revenue on debt servicing in the first quarter of 2025, a development that shows the worsening fiscal strain facing subnational governments.

Data from the Q1 2025 Budget Implementation Reports of Bayelsa, Adamawa, Benue, Niger, Kogi, Taraba, and Bauchi states show that debt service expenditure in each of the states exceeded their IGR, in some cases by more than 300 per cent.

The trend, when compared with figures from the preceding quarter (Q4 2024), also reflects a sharp quarter-on-quarter surge in debt service cost, which rose by approximately 51 per cent across the states reviewed.

The PUNCH observed that seven Nigerian states spent a total of N98.71bn on debt servicing in Q1 2025, marking a sharp increase of N33.48bn or 51 per cent compared to the N65.24bn recorded in the previous quarter.

The data further revealed that the combined IGR for the seven states rose modestly from N44.05bn in Q4 2024 to N51.92bn in Q1 2025, indicating an increase of N7.87bn. However, this marginal revenue improvement was outpaced by a surge in debt repayment obligations, highlighting the widening fiscal gap at the subnational level.

Disbursements from the Federation Allocation Committee to the affected states increased from N360.75bn in Q4 2024 to N419.86bn in Q1 2025, representing a rise of N59.11bn within three months. The increase shows the continued dependence of states on federal transfers to meet not only operational costs but also mounting debt obligations.

In Q1 2025, the seven states required a combined total of N46.80bn from their FAAC allocations to fully cover the shortfall between IGR and debt service.

This amount represents approximately 11.15 per cent of their total FAAC inflows of N419.86bn during the period

In Benue State, debt service costs rose from N1.99bn in Q4 2024 to N21.40bn in Q1 2025, while IGR improved from N1.98bn to N5.18bn within the same period. This means that debt service in the first quarter ed for 413 per cent of the state’s IGR and 31.6 per cent of total expenditure. The state relied on at least N16.22bn from its FAAC allocation of N58.71bn to meet the shortfall.

Kogi State reported a Q1 2025 IGR of N9.63bn but spent N23.88bn on debt servicing, equivalent to 248 per cent of its IGR. In the preceding quarter, debt service stood at N10.17bn against an IGR of N7.86bn.

The state received N55.41bn from FAAC and recorded total expenditure of N110.13bn, of which 21.7 per cent was used for debt repayment. The Kogi State Government recently said that it has liquidated a total debt of N98.8bn since assuming office 15 months ago.

The State Commissioner for Finance and Economic Planning, Ashiru Idris, disclosed this during a briefing with journalists following the Executive Council meeting held at the Council Chambers, Government House, Lokoja.

The commissioner explained that the debts settled include liabilities dating back to the istration of Alhaji Ibrahim Idris, as well as the N50bn bailout fund granted to the istration of Idris Wada.

“So far, this istration, under the leadership of Alhaji Ahmed Usman Ododo, has cleared a total of N98.8bn inherited from previous istrations, including the N50bn salary bailout granted to Captain Idris Wada’s istration,” he stated.


Idris attributed this achievement to a significant increase in internally generated revenue. “This success was made possible through the proactive efforts of the Chief Servant of our state, Alhaji Ahmed Usman Ododo, who empowered the Kogi State Inland Revenue Generation Agency with the mandate to enhance the state’s revenue generation,” he added.

However, existing data shows that the state’s IGR cannot fully cover its debt service costs.

Adamawa State generated N4.07bn in IGR in Q1 2025 but recorded debt servicing of N8.42bn, representing 206.9 per cent of IGR and 20.7 per cent of the N40.77bn spent in the quarter. The state relied on at least N4.35bn from its FAAC allocation of N37.03bn to meet debt commitments.

While debt service declined slightly from N8.71bn in Q4 2024, the drop in IGR from N4.61bn further exposed the state’s fiscal fragility.

Bayelsa State spent N13.55bn on debt servicing in Q1 2025, exceeding its IGR of N12.55bn by 107.9 per cent. Although FAAC inflows of N120.55bn were sufficient to cover the gap, the data points to a consistent pattern of IGR insufficiency.

Debt servicing constituted 6.1 per cent of the state’s total Q1 expenditure of N221.54bn. In Q4 2024, Bayelsa had spent N11.98bn on debt servicing, against an IGR of N10.05bn, representing 119.2 per cent.


Kogi clears N98.8bn debt in 15 months, says commissioner
In Niger State, debt servicing stood at N12.43bn in Q1 2025 compared to an IGR of N12.13bn, meaning 102.4 per cent of local revenue was used to repay debt.

While this was an improvement from Q4 2024, when IGR was N5.44bn and debt service was N9.27bn, the state still required N296m in FAAC to cover its repayment obligations. Debt service ed for 23.2 per cent of the N53.51bn spent in the period.

Taraba State generated only N3.38bn internally in Q1 2025 but spent N7.83bn on debt servicing, equating to 232 per cent of IGR. Debt repayment made up 19.3 per cent of the state’s total expenditure of N40.47bn, and it required at least N4.45bn of its N52.39bn FAAC allocation to close the gap.

In Q4 2024, the state had spent N6.43bn on debt servicing against an IGR of N5.80bn, showing a deterioration in its revenue capacity.


Bauchi State reported an IGR of N4.97bn in Q1 2025, with debt servicing at N11.20bn, amounting to 225 per cent of its locally generated revenue. The state needed N6.23bn from its N47.23bn FAAC inflow to meet the shortfall.

Debt service made up 11.6 per cent of the total expenditure of N96.84bn. In Q4 2024, Bauchi generated N8.31bn and spent N16.68bn on debt service, a slightly better performance relative to IGR but a worse financial position overall due to declining revenue.


Collectively, the seven states generated N51.91bn in IGR in Q1 2025 and spent N98.36bn on debt servicing, approximately 190 per cent of what they earned internally. This figure represents a significant rise from the N65.26bn spent on debt repayment in Q4 2024, despite the modest growth in IGR.

In most of the states reviewed, debt service costs ranged from 6 per cent to 32 per cent of total government expenditure, illustrating how rising debt burdens are crowding out developmental spending. The over-reliance on FAAC disbursements to meet debt servicing needs exposes the fiscal vulnerability of subnational governments.

The National Orientation Agency earlier stated that the Bola Tinubu istration’s twin policies of ending petrol subsidy and floating the naira were “tremendous blessings to the states”, leading to a freeing up of revenues, with states witnessing a leap in federal allocations.

The PUNCH earlier reported that eight states were to pay a combined N424.28bn in debt service and to borrow N1.21tn over the next two years, with financial commitments slated for 2025 and 2026.

According to the states’ medium-term fiscal frameworks, the eight states in review – Abia, Adamawa, Bauchi, Borno, Kebbi, Osun, Benue, and Kano – were projected to experience varying debt service and borrowing trends. The analysis indicates differences between 2025 and 2026, with some states facing substantial increases in debt service while others focus on reducing borrowing.

The total public debt service for the eight states is projected to be N180.95bn in 2025, with an increase to N243.33bn in 2026, bringing the total public debt service for the two years to N424.28bn.

Regarding financing (loans), the total for 2025 is expected to be N616.25bn, while it is projected to decrease slightly to N593.09bn in 2026. This results in a total financing (loans) figure of N1.21tn for the 2025 – 2026 period.

These figures highlight the significant financial commitments these states are facing in the coming years, driven by rising debt obligations and continued borrowing.

The Director and Chief Economist at Proshare Nigeria LLC, Teslim Shitta-Bey, earlier warned that the rising debt burden on Nigeria’s subnational governments is likely to challenge their fiscal stability in the coming years.

He stressed that most state governments, along with the Federal Government, have failed to effectively manage their balance sheets.

Speaking to The PUNCH, Shitta-Bey said, “The challenge here is that most of the governments, including the Federal Government, are unable to manage their balance sheets properly. While borrowing might seem like an easy way to run operations, it is not necessarily the right approach.”

According to Shitta-Bey, borrowing should not be the default solution for governments. “Governments could consider longer-term debt structures that resemble equity, which might actually be more beneficial in the long run,” he explained.

He also called for a comprehensive of national assets to help states raise capital. He used the example of the National Stadium, which has not been used for major activities for a while.

Shitta-Bey further lamented the underuse of state revenue bonds, which were originally designed to generate revenue. “States need to focus on raising revenue bonds, instead of general obligation bonds,” he said.
https://punchng.com/seven-states-spend-190-of-revenue-on-loan-repayment/?amp

1 Like

Celestialsword: 5:25pm On Jun 03
No landlord is wicked,every compound has its written and unwritten laws.

Study the landlord and your co tenant very well.

Stay in a compound that befit your status, to avoid jealousy

3 Likes 1 Share

Celestialsword: 12:08pm On Jun 03
motymop:
These returns are lies. They are built on perception rather than truth.

The problem with this data is that they didn't say the price, they bought and sold.

They presented the data as if stocks is like a money doubling scheme where as there are other companies that did very poor.

In 2023, the lowest price of transcorp stock was N3.19, it highest was N19.20

If you put 1m at N3.19 that is 313.5k shares
If you put 1m at N19.20, you will get 52k shares


In 2025,, the lowest price of transcorp stock was NGN 42.90 and the highest is N43

If you sell, 313.5k shares at 42.90, you will make N13.4m but your profit is 12.4m

If you sell 52k shares at N43, you will make 2.2M but your profit will just be N1.2M

So your profit depends on the amount of shares you have, the price you bought it and the price you sold it

What is the percentage increase in the shares of Transcorp stock from 2023 to date
Celestialsword: 11:51am On Jun 03
Validated:
Wike is prideful and will be disgraced soon. Nothlasts forever.
Wike don't know how to manage power.He is power drunk
Celestialsword: 10:37am On Jun 03
Former presidential spokesman, veteran journalist and broadcaster Dr. Reuben Abati has taken a swipe at the Minister of the Federal Capital Territory (FCT), Nyesom Wike, describing him as “rude and disrespectful” in his criticism of former Rivers State Governor, Rotimi Amaechi.

Abati identified “hubris”—excessive pride and arrogance—as the root of Wike’s persistent attacks on political figures who once ed his rise to power.

Abati’s remarks came in response to recent statements by Wike, who had derided Amaechi’s claim of political hunger at an event in Abuja. At his 60th birthday celebration last Friday, Amaechi hinted at aligning with the opposition coalition led by Atiku Abubakar ahead of the 2027 presidential race, saying, “I’m hungry,” and suggesting he was open to ing forces to unseat President Bola Tinubu.

Wike, reacting at a media parley in Abuja, accused Amaechi of dishonesty and desperation for power.
“I don’t know why a man would choose his 60th birthday to tell lies,” Wike said.
“He was Speaker from 1999 to 2007… governor from 2007 to 2015… minister from 2015 to 2023. When he was borrowing money, he didn’t talk about hunger. Two years after office, he says, ‘I’m in coalition because I’m hungry.’ He is only hungry for power, and that shows failure on his part.”

Wike further stated, “How do you insult Nigerians? How do you trivialise the issue of hunger or poverty?… He ed Atiku, and el-Rufai, all because he is hungry. Has he not insulted Nigerians? Just that he can’t stay out of power.”

However, Abati, during a live broadcast on Arise News, condemned Wike’s tone and attitude toward his former political mentor.

“When we teach students dramaturgy, we talk about flaw of character as a major trope in tragic stories. It’s called either Amartya or Hubris. I think what we’re dealing with with regard to Nyesom Wike is Hubris—Hubris, which relates to his own character,” Abati said.

He reminded viewers that Amaechi had played a critical role in Wike’s political ascent.
“Nyesom Wike is very rude, disrespectful, because Rotimi Amaechi is his boss in politics… It was Rotimi Amaechi that helped him to become local government chairman. He subsequently became chief of staff to Amaechi. It was Amaechi who recommended him to become a minister of state for education.”

Abati referenced a pattern in Wike’s behaviour, citing past instances where the minister publicly disrespected other political figures.

“This same Nyesom Wike… has also abused Peter Odili, Sir Peter Odili, an elder statesman. There is no name he has not called Dr. Peter Odili and his wife. He even referred to him as one man and his wife as one woman. This is a statement about character,” he added.

“This same Nyesom Wike says he’s fighting for President Jonathan and that there’s nobody in PDP that can stop him—not even Chief Olabode George, whom he referred to as a ground rent debtor. So who will Nyesom Wike not insult?”

He also warned that Wike’s conduct could one day extend to the current president.

“He has shown signal that he’s also going to insult President Bola Ahmed Tinubu… He pointed out that if he had known President Tinubu was going to declare a state of emergency in Rivers, he would have offered different advice. That’s already a signal to the President to know that this man you are dealing with is only interested in his own interests—permanent interests, not permanent friends.”

© 2022 - Politics Nigeria Ltd. All Rights Reserved.
Celestialsword: 10:26am On Jun 03
anonimi:


Nearing completion of 30 kms of the over 700 kms total?

Interstate highways are the responsibility of the federal government.
I think work is still ongoing

1 Like

Celestialsword: 10:10am On Jun 03
anonimi:


Won’t it be nicer to fix the bad roads all around the country instead of borrowing money for this white elephant project?
Is this a white elephant projects, road that is nearing completion.

Fixing of bad roads in different states is the responsibility of the state government, what are the using the monthly federal allocation to do

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Celestialsword: 9:57am On Jun 03
ricson11:

https://www.youtube.com/watch?v=Ewoq2LACbWY?si=9NPnOA9uBY8IhFqh


A newly released aerial video highlights the construction progress on Phase 1 of the Lagos-Calabar Coastal Highway, developed by Hitech Construction Company.

The project marks a major step in Nigeria’s infrastructure development along the southern corridor.
This is nice

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