Protesters Block Finance Minister, Gunshot Heard in Abuja
Tensions erupted at Nigeria's Finance Ministry as unpaid contractors blocked the minister. A gunshot was fired during the protest over N1.5 trillion debt. Read the full details.
Category : Search result: indigenous contractors debt
N24bn Software Spend: Local Devs Worry Over Foreign Patronage
Nigerian software developers raise alarm as 10 MDAs budget N24 billion for foreign software, citing security risks and capital flight. Experts demand local content enforcement.
NFVCB classifies 1,185 films in 2025, warns defaulters
Nigeria's NFVCB approved 1,185 films in 2025, showing industry growth. English films dominated, but the board urges more family content and indigenous language use. Read the full report.
1,185 Films Classified by NFVCB in 2025
Nigeria's NFVCB approved 1,185 films in 2025, showing industry growth. The board warns defaulters and pushes for more indigenous language and family content. Read the full report.
Presidency Dissatisfied with Abuja-Lokoja Expressway Pace
The Presidency has expressed dissatisfaction with the slow progress on the Abuja-Lokoja and Lokoja-Benin expressways, warning contractors against excuses. Key officials inspected the sites on Monday, revealing alarming delays.
Supreme Court Sends Debt Recovery Case Back to Appeal Court
Nigeria's Supreme Court has ordered Nestoil, Neconde, and the Obiejesis back to the Court of Appeal, stressing debtors must repay debts. Key hearing set for 26th January 2026. Read the full details.
APC Group Warns Tinubu on Local Contractor Debts, 2027 Polls
The APC Young Professionals Forum urges President Tinubu to clear over N2 trillion owed to indigenous contractors, warning of severe political consequences in the 2027 general elections if payments are delayed.
Woman Pays Off Late Mother's N55 Million Debt
A Nigerian woman's emotional journey to clear her late mother's N55 million debt ends in triumph. Read her inspiring story of sacrifice and honour.
Nigeria's Debt & 2026 Taxes Strain Citizens Under Tinubu
Analysis: Nigeria's public debt surged 71% under Tinubu to ₦149.39 trillion. Combined with new 2026 tax laws, experts warn of a severe strain on the economy and daily life for Nigerians.
Akwa Ibom Gov Ends Deals With All Revenue Contractors
Akwa Ibom State Governor, Pastor Umo Eno, has terminated all revenue contractors and consultants to ensure transparency and centralised collection. Discover the new reforms.
ADC: Tinubu's NNPC Debt Cancellation Unconstitutional
The ADC party warns President Tinubu's write-off of NNPCL's legacy debt is illegal and will cause massive revenue loss for states and LGAs. Read the full analysis.
10 States Plan N4.28tn Borrowing for 2026 Budgets
Ten Nigerian states plan to raise N4.287 trillion from loans and grants for their 2026 budgets, totaling N14.174tn. Experts warn of fiscal risks and weak revenue management.
N720bn Contractor Debt Scandal Indicts Nigerian Government
The Federal Government's N720 billion debt to local contractors is a moral failure, crippling businesses and halting projects. This editorial demands urgent action and transparency to fix Nigeria's broken contract system.
Tinubu Approves Policy to Blacklist Poor Contractors
President Tinubu approves a debarment policy to sanction contractors for poor quality jobs. The BPP DG reveals ₦1.1 trillion saved and new community-based procurement initiatives.
NNPCL Cancels N4.01 Trillion Subsidy Debt
The Nigerian National Petroleum Company Limited has cleared N4.01 trillion in subsidy arrears owed by the FG after FAAC reconciliation. Discover the details and implications for Nigeria's economy.
FG Cancels N5.57 Trillion, $1.42 Billion NNPC Debt
President Tinubu approves massive debt write-off for NNPC after reconciliation, aiming for a clean financial slate. Discover the details and ongoing revenue challenges.
Debt Servicing Cripples Africa's Development - Moghalu
Ex-CBN deputy governor Kingsley Moghalu reveals African nations spend more on debt than health & education combined. Nigeria allocates 70% of revenue to repayments. Discover the data blocking development.
State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
N2.7 Trillion Spent on External Debt Service in Q2 2025
Nigeria's debt burden deepens as 45.2% of Q2 2025 revenue goes to servicing external loans. Experts warn of fiscal risks and crowding out of critical spending. Read the full analysis.
Nigeria's Q2 2025 External Debt Service Hits N2.70tr
Nigeria's external debt service consumed 45.2% of Q2 2025 revenue, as total public debt stock rises to N152.40 trillion. Experts warn of exchange-rate risks and financing conditions.
Family Seeks Return of Chinwuba's Portrait to Police College
The family of ACP Aneto Chinwuba demands the Nigeria Police Force restore his legacy as the first indigenous Commandant of the Ikeja Police College, threatening legal action over historical erasure.
FG Orders Contractors to Stay on Sites During Yuletide
The Federal Government has ordered contractors on major highways to keep sites open during Christmas. Minister Umahi also announced a N263bn payment directive to NNPCL to offset debts. Read more.
DMO Issues Fresh Warning to States Over Borrowing Rules
The Debt Management Office urges state governments to strictly comply with borrowing laws to avoid loan approval delays. Learn the key guidelines for responsible debt management.
NBA: Poor Governance Threatens Nigerian Indigenous Companies
The Nigerian Bar Association, Lagos Branch, warns that weak corporate governance and poor succession plans threaten the survival of indigenous Nigerian companies. Learn the critical role of lawyers and AI.
Indigenous Firms Control 50% of Nigeria's Oil, Gas Output
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.
Heirs Energies Gets $750m Afreximbank Financing
Heirs Energies secures a landmark $750 million financing from Afreximbank, marking a major vote of confidence in Nigeria's indigenous energy sector. Read the full story.
The Missing Link in Nigeria's Security Crisis
Analysis reveals how Nigeria's centralized policing model, lacking local knowledge and trust, fuels insecurity. A shift to indigenous community policing is the strategic solution. Read more.
Professor Criticises Livestock Ministry on Protein Crisis
A professor at MOUAU says the new Livestock Ministry hasn't solved Nigeria's animal protein shortage. He calls for unbundling NAPRI and establishing a Southeast research centre.
Nigeria's Mother Tongue Education Policy Revoked
The Federal Government's controversial cancellation of the 2022 National Language Policy sparks outrage. Education stakeholders demand reversal, citing threats to Nigeria's linguistic heritage and flawed reasoning.
N37.59tr Maritime Trade Renews Call for Local Shipping
Nigeria's massive N37.59 trillion sea trade in Q3 2025 highlights a critical need for a strong indigenous shipping industry. Experts warn of billions in annual losses and urge action on the dormant Cabotage Fund to reclaim maritime wealth.
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