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Ex-Govs Incur N1.58TRN Debt for 21 states

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A month long investigations by Nigerian Pilot has revealed that 21 state governments in Nigeria owe an estimated debt of N1.58 trillion (domestic and foreign debts) as at May 29, 2015.

Top on the list is Lagos State under former Governor Babatunde Fashola with N418.2billion, followed by Kano during the administration of Dr. Rabi’u Kwankwaso with N294.5billion and Rivers led by Rotimi Amaechi N138.3 billion and Jigawa under Sule Lamido (N117).

Except Lamido, the other three former governors were elected or defected to the All Progressives Congress, APC, which at present controls the Federal Government and most states of the federation.

Other highly indebted states are Akwa Ibom (Godswill Akpabio-N125.7bn); Plateau-N104bn (Jonah Jang); Kaduna-N71bn (Ramalah Yero); Niger-N57bn (Babangida Aliyu); Zamfara-N53bn); Benue -N31.6bn (Gabriel Suswam); Osun-N25.4bn (Rauf Aregbesola); Imo-N32.4bn (Rochas Okorocha); Adamawa-N22.4bn (Murtala Nyako); Cross River-N38.3bn (Liyel Imoke); Edo-N34.6bn (Adams Oshiomhole); Ogun-N27.8bn (Ibikunle Amosun); Oyo-N32.6bn; Kwara-N28.7bn; Anambra N17.6bn (Peter Obi); Bauchi N17.5bn (Isa Yuguda) and Ebonyi N10.5bn (Martin Elechi) and Abia N6.76 bn (Theodore Orji).

While most of the highly indebted states have accumulated debts through issuance of bonds, Abia State has been very cautious about doing this, hence its position as one of the least indebted states.

Nevertheless, the survey showed that all the states are indebted except Katsina which is debt-free.

Nigeria’s total public debt stock, according to the Debt Management Office, DMO, as at December 2014 stood at about $67.73billion and N11.2trillion, which is about N1.2trillion higher than the 2013’s figure of N10.04trillion.

According to Nigeria Pilot, a  breakdown of the figures showed that external debt, including those of the states, was $9.71 billion and N1.63trillion.

The Federal Government’s domestic debt was $47.05billion and N7.9trillion, while those of the states stood at $10.97billion and N1.708trillion.

Based on the huge debt profile of the state governments, the Federal Government had last year directed Deposit Money Banks not to grant fresh loans to state governors until they get approval and clearance from the Federal Ministry of Finance.

The directive had stirred misgivings from most state governments, which accused the Federal Government of attempting to frustrate them from securing funds from banks to settle contractors and finance ongoing developmental projects.

According to the immediate past Minister of State for Finance, Bashir Yuguda, “The domestic debt profile of some states is scary. The states are so much in debt that only a small amount of their allocations get to them at the end of the day, because most times, money for debt servicing is removed from source.”

The former minister said this was the reason the Federal Government had to discourage states from further borrowing.

Even where it becomes necessary that they must take such loans, the minister said they must be for the execution of priority projects with prospects of high returns to service those loans on schedule.

Commenting on the situation, World Bank Consultant and former Abia State Finance Commissioner, Dr. Phillip Nto, blamed it on lack of frugal management of resources and penchant by some immediate past state governors for bonds.

“Ordinarily when you collect bond, you are mortgaging your future because you pay over a long period of time. A good governor that feels that it is not proper to mortgage the future of his state will not go for bond. For instance, Abia State is trying to come out from the mess, the monumental difficulty which it was pushed into in early 2000, that was why Governor Theodore Orji did not take any new bond, so for the state to be mortgaged again means that the state will be declared insolvent,’’ he said.

Observers attribute the inability of many states to pay staff salaries to the debt issue. As at press time, the following states are owing workers’ salaries running into several months: Abia, Akwa Ibom, Bauchi, Benue, Cross River, Ekiti, Imo, Jigawa, Kano, Katsina, Kogi, Ogun, Ondo, Osun, Oyo, Plateau, Rivers and Zamfara.

With the above scenario, concerns are being expressed about the future of some indebted states with some Nigerians calling for mergers or return to the old regional system of government. Others canvassed the pruning of government functionaries, retrenchment and salary cut.

Already, Kaduna State Governor, Mallam Nasir El-Rufai and his deputy have announced 50 percent cut in their respective salaries.

For instance, DMO recently warned that the financial position of states such as Akwa Ibom, Edo, Kwara, Ondo, Plateau and Taraba are already precipitating to insolvency.

DMO had earlier placed states of the federation into three categories with regards to their solvency profile. While some states are already in the danger mark as a result of their high level of indebtedness, others are considered close to critical on the domestic debt sustainability analysis scale.

Bayelsa, Cross River, Delta, Zamfara, Kogi, Ebonyi and Adamawa states, according to the report of domestic debt sustainability analysis undertaken by the DMO, are all on danger list.

The report presented to the National Executive Council, NEC, by the DMO showed that seven states’ domestic indebtedness relative to their internally generated revenue, IGR, capacities is beyond the recommended international debt threshold of between 92 and 167 per cent.

New Lagos State Governor, Akinwunmi Ambode, inherited a debt burden of N418.2 billion accumulated by the immediate past government of Babatunde Fashola. A breakdown of the debt showed that Fashola’s government has a domestic debt in the tune of N69.666 billion, obtained from funds borrowed from banks; N225 billion from bond issuance and N207.499 billion external loan from foreign agencies . Kaduna State debt comprised N46bn from Local Government Sources, N2bn Internal Bonds and N23bn pending arrears to contractors in the state.

In Ebonyi State, the debt profile excludes outstanding staff salaries. The governor, Chief Dave Umah, recently ordered permanent secretaries and directors of parastatals involved in the award and execution of contracts in the past eight years to provide details of such contracts for immediate scrutiny while his Rivers State counterpart, Nyesom Wike, last week ordered permanent secretaries to present 18 months accounts of their ministries.

But while Governor Simon Bako Lalong of Plateau State insists that the state debt is N104billion, his predecessor, Jonah Jang said that he left a debt profile of N18bn.

There is an indication that the huge debts are already taking their toll on some states. These include their inability to pay workers’ salaries and contractors for job done.

Already, some of the new governors have ordered reversal of the recruitment of members of staff conducted in the last two years, saying their government cannot employ more workers when they have no money to pay their present workforce.

Experts say the huge debts will make it difficult for the new state governments to embark on new development projects or employ fresh hands given the level of unemployment in the country.


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Okonjo-Iweala Urges Nigeria to Shift from Importing Tech to Local Manufacturing

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Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, WTO, has urged Nigeria to move decisively beyond importing technology to manufacturing it locally, warning that sustained dependence on foreign technology weakens the country’s industrial base and constrains job creation in the digital economy.

Speaking at Ahmadu Bello University, ABU, Zaria, Okonjo-Iweala said the current disruption of the global order, driven by technology, geopolitics and climate pressures, presents both serious risks and unprecedented opportunities for Nigeria and Africa, if they are prepared to act strategically.

“It is always a pleasure to come home to Nigeria, but it is particularly special to be here at one of the country’s most important seats of learning,” she said, stressing that universities such as ABU must remain central to Africa’s technological, industrial and economic transformation.

Tracing Nigeria’s post-independence journey, Okonjo-Iweala recalled that at independence in 1960, the country had only one degree-awarding institution, making the rapid expansion of universities a critical pillar of nation-building.

She noted that institutions such as ABU laid the foundation for Nigeria’s scientific, technological and entrepreneurial capacity.

Founded in 1962 as the University of Northern Nigeria, ABU has evolved into a multidisciplinary institution producing graduates across engineering, medicine, sciences, ICT, public administration and the humanities.

“Research conducted here has advanced the frontier of knowledge and offered practical solutions to real-world problems, from animal feed innovations during dry seasons to wind power generation in rural areas,” she said.

Turning to global trends, the WTO chief identified technology, particularly the internet and artificial intelligence, AI, as one of the most disruptive forces reshaping trade, production and employment worldwide.

“The technological shift we are experiencing has made it easier to communicate, produce and trade, but not everyone has shared equally in the gains,” she said, warning that automation and AI could deepen inequality if not properly managed.

She stressed that multilateral institutions and global trade rules must evolve to respond to emerging technologies such as AI and quantum computing.

“We need a new kind of multilateralism, one that is nimble, responsive and capable of addressing new global opportunities,” she said.

Okonjo-Iweala said Africa stands to benefit from what the WTO now describes as “re-globalisation”, the diversification of global supply chains away from over-dependence on a few countries.

She identified opportunities in labour-intensive manufacturing, critical minerals processing, renewable energy technology, pharmaceuticals, agro-processing and electric vehicle, EV, supply chains.

“Africa has the capacity to process its critical minerals all the way to EV battery manufacturing,” she said, pointing to Nigeria’s emerging lithium processing investments and vast renewable energy potential.

Reinforcing her call for local technology production, she said Nigeria must stop importing technologies it can manufacture domestically.

“Instead of importing solar panels, we should be manufacturing them here. That is how we create jobs, build resilience and grow our economy,” she said.

Okonjo-Iweala warned that Nigeria’s projected economic growth of 4.4 percent remains insufficient once population growth is factored in, calling for sustained growth of 6 to 7 per cent driven by productivity, technology and value addition.

She said achieving this would require strong digital infrastructure, skills development and innovation-friendly policies, alongside full implementation of the African Continental Free Trade Agreement, AfCFTA.

“Technology-enabled trade and deeper regional integration could increase intra-African trade by up to 45 per cent and lift millions of people out of poverty,” she said.

With Africa projected to account for about 25 per cent of the global working-age population by 2050, Okonjo-Iweala described Nigeria’s young population as one of its greatest technology assets.

“On an ageing planet, Africa’s youth represent the world’s future talent pool,” she said, urging universities, policymakers and the private sector to better align education, innovation and industrial strategy.

She, therefore, called for stronger collaboration between academia, industry and government to ensure Nigeria does not miss the opportunities created by global technological disruption.

“This country has what it takes. What we need is urgency, coordination and the courage to invest in our people and our ideas,” Okonjo-Iweala said.


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Stanley Amandi, Nollywood Actor Arrested over Alleged Coup Plot against Tinubu

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Stanley Amandi, veteran Nollywood actor and filmmaker, has been arrested by the Nigerian military over his alleged role in a foiled coup plot to overthrow President Bola Tinubu’s government, according to an exclusive report by Premium Times.

Stanley Amandi, Nollywood Actor Arrested over Alleged Coup Plot against Tinubu

Stanley Amandi, Nollywood Actor

The filmmaker, also a former chairman of the Actors Guild of Nigeria (AGN) Enugu State chapter, was reportedly detained in September 2025 alongside several military officers accused of planning a violent overthrow, including potential assassinations of top officials, according to the newspaper’s sources.

Reports indicated that the coup plotters planned to wholesale assassination of top government officials including President Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, and Speaker of the House of Representatives Tajudeen Abbas, among others.

On Monday, the Defence Headquarters confirmed the plan to illegally oust the Tinubu administration, saying the indicted officers will be arraigned before military judicial panels.

In its statement, the Defence Headquarters said the investigation has been completed and forwarded to “appropriate superior authority in line with extant regulations.”

According to the military, the investigation was “comprehensive” and conducted in line with established procedures, examining “all circumstances surrounding the conduct of the affected personnel.”

The military disclosed that the findings identified “a number of the officers with allegations of plotting to overthrow the government,” describing such conduct as “inconsistent with the ethics, values and professional standards required of members of the Armed Forces of Nigeria.”

Mr Amandi has featured in many Nollywood movies and is known for his work as an actor, production manager and director.

His notable works include “The Album,” where he served as director; “Tiger King,” where he also served as director and produced in 2008; “Cornerstone,” produced in 2019; and “Once Upon a Dream,” in which he appeared as an actor in 2024.

Mr Amandi’s last Instagram post was on 19 September 2025, shortly before his arrest.


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Firms Commit to Boost African Robotics Market

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AfricAI and Micropolis Robotics have signed a multi-year exclusive distribution and deployment agreement, which marks one of the continent’s most significant robotics market entries.

Micropolis AI Robotics is a United Arab Emirates-based robotics manufacturer operating in autonomous systems, while AfricAI is a company building practical, revenue-driven artificial intelligence (AI) systems for African businesses, governments, and global partners operating in emerging markets.

According to the agreement, Micropolis Robotics named AfricAI as its exclusive continental partner, prohibiting direct sales, alternative distributors, and third-party agents from operating in the territory.

The partnership establishes AfricAI as the primary execution, localisation, and go-to-market platform for intelligent robotics in Africa’s industrial, security, logistics, and infrastructure sectors.

AfricAI said this exclusive mandate positions the company as the gateway for advanced autonomous systems entering African markets, ensuring regulatory compliance, local capacity building, and sovereign control over deployment frameworks.

The partnership, according to the two parties, moves beyond software- based AI into the realm of physical AI — intelligent machines capable of operating in complex, real-world African environments.

“This is not a collaboration, it is a market-shaping mandate,” said Fareed Aljawhari, CEO of Micropolis Robotics. “AfricAI now represents the exclusive gateway through which Micropolis technologies enter Africa. Their sovereign AI vision, operational reach, and regulatory fluency make them the only partner capable of executing at a continental scale.

Furthermore, the agreement enables AfricAI to integrate Micropolis’ autonomous robotics systems with AfricAI’s sovereign AI stack, resulting in AI-powered security and surveillance platforms, robotics-enabled logistics and port operations, industrial automation, smart infrastructure, and municipal robotics tailored to African operating conditions.

Initial deployments will commence in security, smart infrastructure, and logistics, with phased expansion across multiple African states as part of AfricAI’s broader continental AI, data, and intelligent infrastructure strategy.

The agreement also includes long-term performance-linked expansion rights, automatic renewals, and a defined localisation framework to support robotics deployment, workforce training, and skills transfer across Africa.

Prince Malik Ado-Ibrahim, executive chairman of AfricAI, said: “Africa does not need imported automation — it needs sovereign, context-aware intelligent systems. This exclusive mandate allows AfricAI to industrialise robotics deployment at scale while retaining control, compliance, and value creation on the continent.”

 


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