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Debt rises by N20.8tn under Buhari, servicing gulps N10.26tn

• Federal Government borrowing not transparent, its purpose not known, says economist
The country’s debt rose by N20.8tn between July 2015 and December 2020, data obtained from the Debt Management Office on Wednesday showed.
This period corresponds with the Presidency Muhammadu Buhari who assumed leadership of the country on May 29, 2015.
According to the statistics obtained from the DMO, Nigeria’s total debt as of June 30, 2015 stood at N12.12tn.
However, as of December 31, 2020, the country’s debt portfolio had risen to N32.92tn.
This shows that within a period of 66 months (five and half years), the country’s debt has risen by N20.8tn. ....

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South East govs ask security agencies, vigilantes to enforce ban on open grazing

• Seek legal backing for Ebubeagu
Governors of the South East geo-political zone, on Sunday, rose from a closed-door meeting with the leadership of religious, political and traditional institutions in the zone, Ohaneze Ndigbo and Joint Security Committee, at the Government House, Enugu, reiterating the adoption of EBUBEAGU as the common Joint Security outfit with its Regional Headquarters in Enugu.
They also ordered immediate enforcement of the ban on open grazing by herdsmen in all the states of the South East.
In a Communiqué read by Chairman of the South East Governors’ Forum (SEGF) and Governor of Ebonyi State, Engr. David Umahi, the leaders stated that “EBUBEAGU will work with the Police and other security agencies in her operations to protect lives and property in South East”. ....

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