A 13-YEAR-OLD FLORIDA BOY LOST HIS LIFE INSIDE OF A TUBE SLIDE AT A PLAYGROUND, LEAVING BEHIND A SHOCKED AND GRIEF-STRICKEN FAMILY.(PHOTO).

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 A 13-year-old Florida boy lost his life inside of a tube slide at a playground, leaving behind a shocked and grief-stricken family. The heartbreaking discovery was made when a father took his two children to Shenandoah Park in Miami on September 25th to work out some energy.  What they discovered when trying to use the tube slide may keep these young children from ever playing in an enclosed slide again. 13-year-old Olvin Ballladares was inside of the slide ...and unresponsive.  According to reports, Olvin had gone to the park that morning instead of school. While at the park, Olvin had attempted to slide down the tube slide. While traveling down the slide, Olvin's shirt became caught on a screw and pulled tight around his neck, cutting off his supply to oxygen.  From the way that he was discovered, it appears Olvin had realized what was happening and tried to free himself but was unable. One arm was trapped fully behind his back.  Olvin remained in that positi...
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PUBLIC DEBT RISES 48% TO N144.67TRN IN 2024 — DMO. (PHOTO).

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 Public debt rises 48% to N144.67trn in 2024 — DMO


Nigeria’s public debt surged by 48.5 per cent year-on-year (YoY) to N144.67 trillion ($94.23 billion) in 2024, up from N97.34 trillion ($108.23 billion) in 2023.


This was disclosed by the Debt Management Office (DMO) in its most recent public debt profile report.


The total debt consists of external debt amounting to N70.29 trillion ($45.78 billion), which is serviced with $4.66 million, and domestic debt of N74.38 trillion ($48.44 billion).


The report revealed that the country’s external debt rose by 83.89 per cent YoY from N38.22 trillion ($42.5 billion) in 2023.


Meanwhile, domestic debt grew by 25.7 per cent YoY from N59.12 trillion ($65.73 billion) in 2023.


Additionally, the report showed that the Federal Government’s domestic debt component rose by 32 per cent YoY, reaching N70.41 trillion from N53.26 trillion in 2023.


In contrast, the domestic debt of states and the Federal Capital Territory fell by 32 per cent YoY to N3.97 trillion in 2024, down from N5.86 trillion in 2023.


The increase in public debt can largely be attributed to fluctuating exchange rates amid changes in global economic conditions.


The sharp rise, particularly in external debt, underscores the nation’s vulnerability to exchange rate fluctuations and shifts in global economic dynamics.


As the naira continues to depreciate, the cost of servicing foreign debt could rise, placing additional strain on the country’s financial resources.

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