Month: July 2025
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Uncategorized
Edo Slashes Domestic Debt to ₦82.4bn Edo State has reduced its domestic debt from ₦113 billion in the fourth quarter of 2024 to ₦82.4 billion in the first quarter of 2025 — a significant drop of ₦30.6 billion in just three months. The decline is attributed to improved revenue inflows from the Federation Account, which enabled the state to meet its debt obligations promptly. Fred Itua, Chief Press Secretary to Governor Monday Okpebholo, described the development as a testament to Edo’s emergence as a model for fiscal discipline in the country. He noted that while ten other states accumulated a combined ₦417.7 billion in new domestic debt during the same period, Edo charted a different course based on financial prudence, accountability, and strategic planning. Speaking at a recent event, Governor Okpebholo said his administration had reformed the state’s internal revenue system by strengthening the Edo Internal Revenue Service (EIRS) with digital tools, improved compliance measures, and greater public engagement. These reforms, he explained, boosted Internally Generated Revenue (IGR) and reinforced public trust in the state’s financial stewardship. “We are committed to growing Edo’s economy without mortgaging its future,” the governor said. “Borrowing must be strategic, purposeful, and productive—not a default approach to governance. We are here to build, not to burden.” He added that Edo has adopted a value-for-money budgeting approach that prioritizes capital projects and results-oriented spending, with strategic investments in infrastructure, education, healthcare, rural electrification, and digital development.
Edo State has reduced its domestic debt from ₦113 billion in the fourth quarter of 2024 to ₦82.4 billion in…
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Metro plus
ANAROCK: The Rising Giant Building Nigeria’s Future One Project at a Time
ANAROCK: The Rising Giant Building Nigeria’s Future One Project at a Time In the quiet hum of bulldozers and the…
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Metro plus
FG Commences Reconstruction of Eastern Rail Line – NRC
The Nigerian Railway Corporation (NRC) has confirmed that the Federal Government has begun the reconstruction and rehabilitation of the Eastern…
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Newsbeat
Armed Bandits killed Two, Abduct Woman in Katsina Village
Armed Bandits killed Two, Abduct Woman in Katsina Village In the early hours gunmen stormed Gidan Taro in Kafur Local…
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Education
FCT Primary School Pupils Set to Resume Classes as LEA Teachers End Six-Month Strike
FCT Primary School Pupils Set to Resume Classes as LEA Teachers End Six-Month Strike After a prolonged six-month shutdown,…
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Newsbeat
Suspected Fulani Gunmen Burn Bus Carrying Bags of Rice in Guma, Driver Critically Injured
Suspected Fulani Gunmen Burn Bus Carrying Bags of Rice in Guma, Driver Critically Injured Tragedy struck along the Udei–Ngban road…
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Newsbeat
Customs Intercepts N653.9 Million in Undeclared Foreign Currencies at Kano Airport
Customs Intercepts N653.9 Million in Undeclared Foreign Currencies at Kano Airport The Nigeria Customs Service (NCS) has intercepted foreign currencies…
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Politics
Court Strikes Out SDP’s Moses Peter’s Case, Affirms Suspension
Court Strikes Out SDP’s Moses Peter’s Case, Affirms Suspension The Kogi State High Court sitting in Ajaokuta struck out a…
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Education
JAMB Uncovers Fingerprint Fraud in 19 CBT Centres
The Joint Admissions and Matriculation Board (JAMB) has uncovered cases of fingerprint fraud across 19 Computer-Based Test (CBT) centres nationwide,…
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Metro plus
US Reduces Visa Validity for Nigerians to Three Months
The United States Department of State has announced a change in its non-immigrant visa policy for Nigerian citizens, reducing the…
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