40-YEAR-OLD WOMAN RAPE A 12-YEAR-OLD BOY IN AZARE, BAUCHI STATE . (PHOTO). #PRESS RELEASE.

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 PRESS RELEASE   22nd April 2025   To the Editors,   40-YEAR-OLD WOMAN RAPE A 12-YEAR-OLD BOY IN AZARE, BAUCHI STATE   On March 1, 2025, at about 14:00 hours, a concerned citizen from Katagum Local Government Area reported a serious incident to the Divisional Police Headquarters in Azare. The report implicated Fatimah Ibrahim, a 40-year-old resident of Tashan Jama’are, in a troubling case involving a 12-year-old boy, Abubakar Yakubu (not his real name), who had been employed to assist in her business.   The victim, an Arabic pupil, was reportedly housed at the defendant's residence, where he was subjected to inappropriate conduct over two months. During an interview, the victim described how the defendant, who he trusted as a maternal figure, engaged him in acts of a sexual nature, especially when her other visitors were not present. He recounted being given a mixture involving lemon juice, which he believes may have been tampered w...
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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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