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

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.
News
Firm Shares Tips for Updating Your Digital Habits for an AI-driven World

As smart devices with artificial intelligence (AI) tools, and always-on services become part of everyday life, the cybersecurity habits many people formed a few years ago may no longer be enough.

From AI-powered scams to social media trends that encourage users to upload personal details, the way people interact online is changing quickly. Ensuring that you stay secure now requires small, deliberate actions in your daily digital behaviour. Experts from Kaspersky, a global cybersecurity and digital privacy company, share the below advice to stay safe online.
- Be cautious with verification requests. Many scams now mimic legitimate verification processes, asking users to confirm accounts, update payment details, or approve login attempts. Because people are used to frequent security prompts, it is easy to respond automatically. Pause before sharing verification codes or personal information and independently verify requests through official websites or by contacting service providers directly.
- Cultivate healthy AI usage habits. AI agents, chatbots and multimedia-generating apps can be convenient and entertaining, but uploading high-resolution photos or personal information carries privacy implications. Facial images can function as biometric identifiers, and once shared with an online service, be it AI or a social network, control over how that data is stored or reused may be limited. Before using AI tools, review privacy policies, minimise the personal information they provide, and avoid uploading sensitive documents or confidential content.
- Do your homework on AI. For parents, the rise of AI assistants introduces another dimension. While AI tools can help in making education interactive and gamified, children may turn to AI tools for homework support or entertainment without fully understanding how their data is used or how to evaluate responses critically.
Open conversations about responsible AI use, privacy awareness, and the importance of not oversharing personal information can help children build safe digital habits from an early age.
- Audit your online subscriptions. Reducing digital exposure is another simple but often overlooked step. Over time, unused subscriptions, dormant accounts, and forgotten apps accumulate personal data and payment details. Regularly reviewing subscriptions, deleting unused accounts, and checking which apps have access to personal information can significantly reduce risks of this data being leaked.
- Secure your devices and home. Device longevity and smart home security also play an important role. Older devices that no longer receive security updates may contain unpatched vulnerabilities.
Ensure that smartphones, laptops, routers, and smart home devices are running the latest firmware and are protected with strong passwords and multi-factor authentication. Changing default passwords on connected devices and securing home Wi-Fi networks are essential steps in protecting both personal data and physical spaces.
As technology and AI becomes more integrated into daily life, security is less about dramatic measures and more about consistent, informed habits.
“Technology evolves quickly, and our online behaviour should keep pace,” says Brandon Muller, Technical Expert for the Middle East and Africa region at Kaspersky. “Take time to review privacy settings, app permissions, and connected third-party services, removing anything that is no longer needed. By being more deliberate about what we share, how we verify requests, and how we manage our devices, we can significantly reduce exposure to modern cyber risks while enjoying all the benefits of new technologies.”
News
EU Pumps €290m into Nigeria’s Digital, Health, Agri Sectors

European Union has unveiled a €290 million investment package for Nigeria, targeting key sectors including digital infrastructure, healthcare manufacturing, agriculture, and migration management.

The announcement was made during the eighth Nigeria–EU ministerial dialogue in Abuja, co-chaired by Yusuf Tuggar and Kaja Kallas. European officials said the funding, part of the EU’s Global Gateway strategy, is designed to strengthen Nigeria’s economy and deepen bilateral cooperation.
The digital sector received the largest allocation, with €131 million set aside to expand connectivity and improve digital services. The initiative aims to deploy about 90,000 kilometres of fibre-optic cable, providing internet access to roughly 33 million Nigerians.g
The programme will also support digital public infrastructure and develop Nigeria’s tech talent pipeline. In the healthcare sector, the European Investment Bank and the Bank of Industry Nigeria signed a €50 million financing agreement to boost local manufacturing of pharmaceuticals, vaccines, diagnostics, and medical devices.
Managing Director of BoI, Olasupo Olusi, described the deal as transformative, saying: “This partnership marks a pivotal step in Nigeria’s journey from being a major importer… to becoming a competitive producer.” EIB Vice-President Ambroise Fayolle added: “We support national health security while improving the resilience of supply chains.”
Another €85 million agreement will support agricultural value chains, particularly cocoa and dairy production, with funding aimed at improving productivity and supporting smallholder farmers and agribusinesses.
EU Commissioner Jozef Sikela said the investment would help Nigeria reduce reliance on imports and scale local production capacity.
The package also includes €16 million for migration management, focusing on reintegration of returnees and efforts to combat human trafficking. Kallas emphasised the broader significance of the partnership, stating: “In the current geopolitical context, the European Union is keen to enhance its partnership with Nigeria.”
Officials noted the investments align with continental goals such as the African Union target of producing 60 percent of vaccines locally by 2040, and the African Continental Free Trade Area framework for regional trade.
The EIB also revealed it has invested over €2.3 billion in Nigeria since 1978, supporting infrastructure, climate resilience, innovation, and small business development.
News
Kaspersky, AFRIPOL Conduct Joint Cybersecurity Training for African law Enforcement

As part of a joint initiative with AFRIPOL, Kaspersky provided cybersecurity training courses for law enforcement representatives from 23 African countries, unfolding the fundamentals of Security Operations Center (SOC) activities and advanced threat hunting techniques.

As cyberthreats continue to grow in scale and complexity, strengthening the technical capabilities of law enforcement agencies has become an important priority worldwide. Through knowledge-sharing programmes, technology companies can contribute practical expertise gained from real-world cyber investigations and threat analysis.
Such collaboration helps equip law enforcement professionals with the skills and tools needed to investigate digital crimes more effectively and strengthen cybersecurity capabilities.
From November 2025 to March 2026, around 40 African officers from 23 countries* received “Security Operations and Threat Hunting” training, provided as part of the cooperation agreement between Kaspersky and AFRIPOL signed in 2024. During the training, African officers gained practical knowledge of Security Operations Center (SOC) activities and modern cyber-defence practices.
The programme covered key aspects of threat detection and incident investigation, including how to identify malicious activity in Windows and Linux environments, analyse attacker tactics, techniques and procedures (TTPs) and use threat intelligence to uncover advanced threats.
As part of the training, a series of online Q&A sessions were organised, providing participants with the opportunity to engage directly with experts and course authors from Kaspersky’s Security Services team. These sessions allowed attendees to clarify complex topics, discuss practical cases and receive additional insights, reinforcing the learning experience and ensuring a deeper understanding of key cybersecurity concepts.
“Cybercrime today is highly sophisticated, borderless and constantly evolving, which means no single organisation can tackle it alone. This is why cooperation and knowledge sharing between the private cybersecurity sector and law enforcement agencies are so critical. Our long-standing collaboration with AFRIPOL demonstrates the value of this approach.
“Over the years, Kaspersky and AFRIPOL have worked together to better understand the cyberthreat landscape across Africa and to support international efforts aimed at disrupting cybercrime. By continuing to invest in training and capacity building, we aim to support law enforcement professionals with the expertise they need to investigate digital crimes effectively and contribute to building a safer and more trusted digital environment for everyone,” says Yuliya Shlychkova, Vice President, Public Affairs, at Kaspersky.
“Strengthening the capabilities of law enforcement agencies is essential to effectively address the growing complexity of cybercrime across the African continent. Initiatives such as this training programme play an important role in equipping officers with the practical skills needed to investigate cyber incidents, analyse digital evidence and respond to emerging threats.
“Cooperation with partners from the private cybersecurity sector, such as Kaspersky, helps law enforcement agencies stay informed about the latest threat trends and investigative approaches.
“We highly value this collaboration and the opportunity it creates to further develop the cybercrime response capabilities of AFRIPOL member countries,” says Dr Mohammed Benaired, Head, Training and Capacity Building Division at AFRIPOL.
In 2024, to further enhance global efforts to combat cyber offenses, Kaspersky and AFRIPOL signed a cooperation agreement in preventing and fighting cybercrime.
Covering a period of five years, the document formalises and facilitates cooperation between the company and the law enforcement agency in sharing threat intelligence data on the latest cybercriminal activities and entails the provision of assistance and know-how in information security analysis.
Kaspersky Expert Training is used by numerous organisations and academic institutions to advance their skills in battling against cybercrime. Since the inception of this online training programme, Kaspersky experts have trained more than 3,000 specialists from 50 countries around the world.
Providing their expertise with 12 educational courses, they share their insights on advanced tactics and strategies in Reverse Engineering, Threat Hunting, Incident Response and more – each divided by the level of students’ experience.
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