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Nigeria’s debt hits N44.6 trillion

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The federal and state governments’ borrowings have driven Nigeria’s total debt stock to N44.06 trillion.

The Debt Management Office announced this Wednesday in Abuja in a statement.

According to the report on September 30, 2022, “the Total Public Debt Stock of Nigeria, which encompasses the Total Domestic and External Debt Stock of the Federal Government of Nigeria (FGN), all State Governments, and the Federal Capital Territory (FCT), was at N44.06 trillion.”

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As of June 2022, Nigeria’s entire national debt was N42.84 trillion before the disclosure.

However, DMO disclosed, “the total domestic debt stock as of September 30, 2022, was N26.92 trillion and the total external debt stock as of September 30, 2022, was N17.15 trillion.”

According to DMO, “largely new borrowings by the Federal Government to part-finance the deficit in the 2022 appropriation Act, and new borrowings by sub-nationals” are to blame for the rise in the debt stock.

Third quarter (Q3) 2022 debt service expenditures for both foreign and domestic debt were estimated at N1.17 trillion, according to data from the DMO. N820.59 trillion was used to pay off domestic debt, while N356.92 trillion was used to pay off foreign debt ($801.23 million).

During the first six months of 2022, the federal government spent N1.33 trillion (or 42.5% more than the N935.46 billion spent during the same period in 2021) on domestic debt payments.

Most funds were utilised to settle debts owed to regional construction firms.

The domestic debt service in the first half of 2022 was N1.19 trillion, a 19.2 per cent rise over the second half of 2021.

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“My dad Wizkid is not the one begging for pussy” — Son

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When it comes to savage responses, the Baloguns specifically those related to Wizkid by blood, are not to be trifled with and being Davido does not save you from such.

In a recent social media exchange, 13-year-old Boluwatife Balogun, the eldest son of renowned Nigerian artiste Wizkid, threw some savage response at his father’s rival, David Adeleke following their online spat.

Facing some online banter from a Davido fan, Boluwatife Balogun came to his father’s defense rather than keep mute.

The ongoing rivalry between Wizkid and Davido escalated in recent days, with both artistes engaging in public spats and trading insults online. Davido, responding to Wizkid’s jibes, took aim at Wizkid’s physical stature, claiming that Wizkid is so short that he wears size 7 shoes and jokingly suggesting he shops at Footlocker Kids.

Some individuals on social media supported Davido’s claims by sharing photos purportedly showing Wizkid wearing shoes matching his son Bolu’s shoe size.

Davido further escalated the feud by disparaging Wizkid’s music, boasting about his own hits, and challenging Wizkid to release new music simultaneously. He also ridiculed Wizkid’s height, suggesting that despite his own short stature, Wizkid is even shorter.

A Davido fan, seizing the opportunity to taunt Wizkid’s family, commented on Boluwatife Balogun’s TikTok page, asking if it was true that both Bolu and his father wear the same shoe size.

Bolu promptly responded to the taunt, defending his father by highlighting Wizkid’s character and integrity, asserting that despite any jokes about shoe sizes, his father doesn’t stoop to begging for attention or engaging in inappropriate behavior.

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Liverpool go Rome ahead of 2024/25 season

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Their current campaign may not be going well despite the huge promises they started it with, but Liverpool are ready to look away and perhaps travel back decades before as they prepare for the post-Jurgen Klopp era.

Ahead of the upcoming 2024/25 season, the Merseyside outfit has released its new home kit for the incoming campaign, with Nike, the club’s official shirt designer taking inspirations from Liverpool’s 1983/84 season that saw the Reds lift their 4th European Cup in Rome.

Go Rome or go Home it appears the plan by Nike for Liverpool heading into the incoming campaign, and the Reds were sure to model the new home kit release.

Liverpool go Rome ahead of 2024/25 season

First team stars such as Virgil van Dijk, Luis Diaz, Trent Alexander-Arnold, Mohamed Salah were on to model the new jersey despite transfer speculations going down about their potential exit from the club post Jurgen Klopp.

Other first team figures seen modeling the new home kit are Alexis Mac Alister, Alisson Becker, Dominik Szoboszlai, Cody Gakpo, Ibrahima Konate, Curtis Jones and Joe Gomez (also rumored to be eyeing an exit).

Liverpool go Rome ahead of 2024/25 season

Missing figures from the new home kit release however are those who currently are on the sidelines thanks to fitness issues, such as Diogo Jota, Conor Bradley, Joel Matip, Thiago Alcantara, Adrian san Miguel and their academy graduates; Jarrell Quansah, Stefan Bajcetic and the likes.

Out from the names, Joel Matip, Thiago Alcantara and goalie Adrian san Miguel are figures doubtful of remaining at the club next season.

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Former Lawmaker Exposes Fake News on UAE Visa Ban Saga

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Former federal lawmaker, Shehu Sabi has criticized the individual responsible for spreading false information about the United Arab Emirates (UAE) lifting the visa ban on Nigeria.

This misinformation surfaced two years after the UAE imposed the ban and rejected pending visa applications from Nigerians.

Despite reports circulating on Tuesday about the resumption of visa services for Nigerians, the Nigerian government promptly refuted the claims.

Sani, who represented Kaduna central senatorial district in the 8th Assembly, expressed dismay, stating that the person behind the fake news is not trustworthy and emphasized that this marks the third occurrence of such misinformation.

He also raised concerns about the possibility of the individual being a travel agent.

 

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