PLATEAU STATE GOVERNOR SEEKS DEEPER SECURITY COLLABORATION WITH NAF. (PHOTOS). #PRESS RELEASE.

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PLATEAU STATE GOVERNOR SEEKS DEEPER SECURITY COLLABORATION WITH NAF In a bid to reinforce internal security and deepen intergovernmental collaboration, the Executive Governor of Plateau State, His Excellency Barrister Caleb Manasseh Mutfwang, on Tuesday, 16 December 2025, paid a courtesy visit to the Nigerian Air Force (NAF) Headquarters, Abuja, where he met with the Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke, DFS. The visit underscored the Governor’s commitment to leveraging strategic federal partnerships to address evolving security challenges in Plateau State and the wider North Central region, while conveying the goodwill of the government and people of the state and congratulating the CAS on his appointment as the 23rd Chief of the Air Staff. Governor Mutfwang commended the Nigerian Air Force for its sustained efforts in maintaining peace and responding to security threats in Plateau State, acknowledging the complexity of the operating environment. He noted that...
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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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