EDITORIAL
Nigeria’s Ever Increasing Debt Profile
Stakeholders of Nigeria’s economy are expressing concern over the nation’s spiraling debt profile. They are worried that the nation’s ’s debt stock has risen by over 150 per cent in the last five years from mere $28.727 billion in 2015 to a projection of more than $ 100 billion by the end of the year.
It is unfortunate that more than 100 percent of the nation’s indebtedness in the last five years was incurred by the present administration.
The Federal Government under the leadership of President Muhammadu Buhari has not helped matters in dragging the nation into its current huge debt quagmire.
According to the Minister of Finance, Budget and National Planning, Zainab Ahmed the nation’s total public debt may hit N38.68 trillion by December 2021.The Mnister said, the projection was based on existing approvals when she appeared before the Senate Committee on Local and Foreign Debts recently.
Her revelations came amidst growing concerns over Nigeria’s debt stock even as the nation is going to fund the 2021 budget deficit with N4.28 trillion new borrowings, which represents about one-third of the current budget.Ealier in the 2021 budget presented to the National Assembly in October, President Muhammadu Buhari proposed N13.08 trillion expenditure for the current fiscal year which was eventually approved by the National Assembly.
He also announced that total federally distributable revenue was estimated at N8.433 trillion in 2021 while the total revenue available to fund the 2021 Federal Budget was estimated at N7.886 trillion.
In her presentation, the Minister said the total public debt stock comprising the external and home debts of the federal and state governments and the Federal Capital Territory stood at N31.01 trillion ($85.90 billion) as of June 30.
This is a quantum rise against the nation’s total debt which stood at mere $28.77 billion in 2015 and $39.770 billion in 2018.She further explained that the proposed N4,28 billion borrowing, was broken down equally between Domestic Borrowing of N2.14 billion and External Borrowing of N2.14 billion.
The 2021 budget has a provision of N3.12 trillion for Debt Service while Domestic Debt Service has a provision of N2.18 billion with External Debt Service having a provision of N940.89 billion. While the Minister blamed abandoned road projects across the country on poor fund releases, she explained that the current SUKUK fund of N162 billion, from the Islamic bank, was for 45 roads cutting across the six geopolitical zones.
With the nation’s debt profile ever on the increase, we are urging the present administration to tread with caution when it comes to taking further leans for the country.
Wile loans are necessary to solve short term and long term economic challenges, it is a pity that the present administration has not been able to explain to Nigerians the justification for most of the loans that have put us in the present dire trait.
If the National Assembly had been exercising its oversight functions to the letter, it would not have fallen prey to the executive recklessness which has put the nation in the present situation. It is sad that some of these debts have scant or no economic and social justifications.
Some of them are enmeshed in controversies like those from the People’s Republic of China, which were subject of parliamentary enquiry until they were abandoned midway.
We are urging the National Assembly to further carry out inquest into some of these loans to establish those that are genuine from those that are frivolous .
EDITORIAL
No to Sordid Politics of Branding Women Underwear in Kano State!
The people of Kano State have for ages defined themselves with public morality and decency. To uphold and project these moral fabrics, the State Government established the Hisbah Board; enshrined Sharia-compliant codes, and positioned itself as a guardian of cultural and religious values in Northern Nigeria.
That reputation is now being dragged through the mud by a political campaign so debased that it insults the very women it claims to empower.A viral social media post has shown what purports to be branded underwear distributed to women by state actors under the guise of an “empowerment programme.” But truly, this is not about women empowerment.
It is a moral and political abomination. And if false, the fact that it is believable enough to trend reveals how far the state’s political culture has sunk.True empowerment should lift women out of poverty through skills, capital, education, and access to markets. It should build businesses, pay school fees, and provide healthcare. Reducing “women empowerment” to the distribution of underwear emblazoned with political slogans is not only demeaning, it is a betrayal of every mother, wife, sister daughter, market woman, farmer and student the government claims to serve. It treats adult citizens as objects of ridicule rather than partners in development. The dignity of not just Kano women but all women in Nigeria is not a campaign poster. Their needs are not lingerie.
Kano cannot claim to police public morality through Hisbah raids on dress codes, alcohol and public conduct, while its political class engages in stunts that violate the very standards it imposes on the citizens of the state. Hisbah was created to uphold Islamic values of modesty, privacy, and decency. A government that purportedly brands and shares underwear for political gain makes a mockery of those values. It tells the world that morality in Kano is a tool to control the weak, not a principle that binds the powerful. That double standard corrodes the moral authority of the state and breeds cynicism among the youth.
This episode exposes the rot in campaign culture: the shift from policy to spectacle, from substance to stunts. When politicians cannot articulate a plan for jobs, security, or education, they resort to cheap tokenism. When they cannot defend their record, they distract with scandal. Distributing intimate items with party insignia is not grassroots outreach. It is political grooming disguised as charity. It sexualizes poverty and monetizes shame. No society that respects itself should tolerate this sordid campaign.
Kano is the commercial nerve centre of the North, home to scholars, traders, and industrialists. Its women run major markets, lead cooperatives, and educate the next generation. They deserve policies that expand credit for small businesses, protect girls’ education, and improve maternal health. They do not deserve to be campaign props. The state’s moral identity is not preserved by Hisbah patrols alone. It is preserved when leaders act with the same modesty and restraint they demand from citizens.
DAILY ASSET’s position on this setback is that if the state government sanctioned this distribution, it must apologize, bring those responsible to book and redirect funds to genuine empowerment schemes. The entire saga must be investigated to expose the culprits, and prosecute those using the state’s name to score cheap political points. Silence in this disturbing development amounts to complicity.
Kano cannot preach morality in the morning and practice indecency by noon. The Hisbah Board, religious leaders, women’s groups, and every citizen who believes in the state’s values must denounce this act unequivocally. Politics without ethics is just manipulation. And a state that loses its moral compass will soon lose everything else.
We equally urged organisations like the International Federation of Women Lawyers (FIDA), Federation of Muslim Women’s Association of Nigeria (FOMWAN), Kano League of Senior Lawyers, et al, to rise up and challenge this retrogressive and negative campaign targeted at women. They should swiftly investigate and unearth those behind such an act and initiate a court action to bring them to book.
Public interest litigation must be initiated by the Kano League of Senior Lawyers to enforce Section 34 of the Constitution of Nigeria (as amended) and seek declaratory judgment that such “empowerment” violates constitutional dignity.
The moral grounds on which Kano stands should not be eroded by a few miscreants by negative political campaigns.
EDITORIAL
Walida: Need for Thorough and Accelerated Adjudication
On Wednesday, February 28, 2026, the Department of Security Service (DSS) released Walida Abdulhadi, an indigene of Hadija in Jigawa state reportedly involved in a controversial relationship with an operative of the agency with whom she has a baby, to the Jigawa State Government.
She was handed over to Governor Umar Namadi and several top officials of the state government in Abuja, along with her baby. The release followed intense public debate over the relationship between the young woman and the DSS operative, Ifeanyi Onyewuenyi. All along, the debate had centred on the circumstances surrounding her alleged disappearance in 2023.The governor was accompanied to the SSS headquarters in Abuja by the Speaker of the State House of Assembly, Haruna Aliyu; the Attorney General and Commissioner of Justice, Bello Fanini; the Commissioner of Women Affairs, Hadiza Abdulwahab; and her counterpart in the Ministry of Environment, Nura Ibrahim, among others.
The Director General of the DSS, Adeola Ajayi, alongside principal officers of the Service, handed over Walida to Governor Namadi. The Nigerian Supreme Council of Islamic Affairs (NSCIA) was represented by the Deputy National Legal Adviser, Haroun Muhammad, and a member of the Expanded General Purpose Committee, Najib Jimoh.
The birth of a baby to the DSS operative and Walida’s alleged conversion to Christianity has dominated public discourse reminiscent of Ese Oruru saga who was kidnapped at the age 13 from her mother’s food shop in Yenagoa, Bayelsa, to Kano, where she was forcefully converted to Islam and married off to a commercial tricycle driver in 2015. After a prolonged legal tussle Oruru regained freedom and went to school. Interestingly, she has since graduated from the University of Ilorin with a Second Class Upper Division in Education Technology.
And today we are witnessing something similar to the case of Oruru, leading to the intervention of Jigawa state governor and other stakeholders all of whom are insisting on an independent investigation of the matter for a quick judicial process to determine who and what went wrong. That is the way to go because doing otherwise could be detrimental to religious harmony between Muslims and Christians in the country.
Furthermore, releasing Walida to her home state of Jigawa was a right step in the right direction, more so as the state government has assured of her safety and full recovery from whatever trauma she might have passed through.
Again, the move to keep her under the custody of the state government, pending the resolution of all the contentious issues surrounding the controversial relationship is commendable because it would give enough room for the controversy to be tabled before a law court for a snappy adjudication; so that peace can prevail in due course.
Aside individuals, other bodies that have publicly expressed divergent views on the Walida case include; National Supreme Council for Islamic Affairs (NCIA), Federation of Women Lawyers (FiDA), Muslim Rights Concern (MURIC), Federation of Muslim Women’s Associations in Nigeria (FOMWAN), Muslim Students’ Organisation of Nigeria (MSO), Women in Da’awa, International Human Rights Commission Relief Fund Trust (IHRC-RFT), Arewa Youth Assembly (AYA), Women Voices and Accountability, and Gamji Lawchain. This is a clear demonstration of the intensity the Walida case has generated with palpable tension built up through the prism of divergent views.
DAILY ASSET believes that the controversy over Walida’s age, the circumstances surrounding her alleged abduction, and other contending issues would best be resolved by a competent court of law.
Considering the painfully slow process of Nigeria’s justice system and situating the plural society already struggling with mistrust and sectarian tension, there is a need for absolute urgency in resolving the matter. To this end, the judiciary should quickly swing into action. Mindful of time, it must set aside all forms of technicalities and delve headlong into the substance of the matter. This is the sure way to diffuse tension and permanently resolve the impasse, rather than subjecting the sensitive issue to linger on.
By and large, it is important for all aggrieved individuals, stakeholders, family members and other interested parties in the case to exercise restraint and wait for the final verdict of the court, as was the case during the Ese Oruru saga over a decade ago.
EDITORIAL
National Assembly Should Adopt Electronic Voting For Accountability
The recent controversy surrounding the voice vote in the House of Representatives highlights the need for the National Assembly to adopt an electronic voting system. The incident, which generated unnecessary tension and mistrust, could have been avoided if a more transparent and reliable method was deployed.
The two chambers of the National Assembly – the Senate and House of Representatives, are governed by specific rules.
In the Senate, Order 72 of the Senate Standing Rules outline three modes of voting; Voice Vote, Signing of Register in a division, or using an Electronic Voting device. The lower chamber too has provisions for voting after exhaustive debate on a motion. The chambers are both fitted with electronic voting devices with myriad benefits, which includes; transparency as votes are recorded, and verifiable, leaving no room for disputes.Also, the use of the electronic voting system erases human error and ensures accuracy. Again, it fosters faster voting processes and instant results. Above all, there will be accountability as lawmakers’ votes shall be on record for their constituents and the entire world to know their stance, thus promoting accountability.
In spite of enumerated advantages of using the electronic scoreboard, installed with millions of Naira of taxpayers money for resolution of heated debates, principal officers of the bi-camera Assembly, have totally abandoned the digital platform alternative for resolving thorny and critical issues confronting the country. Instead, they have continued to deploy crooked uncivilized voice votes that often create confusion. This is exactly what the Speaker of the House of Representatives, Tajudeen Abbas, did on February 17, 2026, during the heated debate raging across the country on real-time transmission of election results. The action of the Speaker led to a very rowdy session in the green chamber, prompting some members to stage a walk-out in protest over the controversial bill for the Electoral Amendment Act.
It started after a motion for the House to reverse its decision on the Electoral Act bill, passed on December 23, 2025. After a rigorous debate, the Speaker then put the motion to a voice vote. While the “nays” were louder than the “ayes”, he controversially ruled that the ayes had it, a development which triggered protests. The action of the Speaker amounts to total disrespect and disregard for millions of Nigerians, within and outside who were watching the event live on television.
There have been past instances where the none use of electronic scoreboard generated tension. For instance, during the debate for the declaration of State of Emergency proclaimed by President Bola Ahmed Tinubu, in Rivers State, controversy erupted when the Speaker’s decision on the voice vote was hotly disputed, highlighting concerns about manipulation and lack of transparency. These incidents underscore the need for transparent voting methods, like electronic voting, to ensure accountability and credibility in Nigeria’s legislative process.
Given that the National Assembly has acquired and installed an electronic voting and results transmission device, it raises concern why it is not being utilized to boost public trust, transparency, and accountability.
The action of the Speaker, who glaringly turned down popular voices in favour of real time transmission of electronic votes in the Green Chamber, signals the unwillingness of the few who cling tightly unto power and would not allow popular voices in line with democratic tenants.
Such a unilateral decision from the Speaker might further embolden those peaceful protesters (some of whom have been camping at the entrance gate of the National Assembly) and indeed across the country to continue to escalate their agitation. Already, a coalition of Civil Society Organisations (CSOs) are insisting on Real-Time Transmission 0f Election Results or nothing. The CSOs have teamed up with other pro-democracy activists in Abuja, to keep their agitation live. They are demanding mandatory electronic transmission, which they believe is essential to strengthening electoral integrity and reducing malpractices.
DAILY ASSET is hereby urging the National Assembly to embrace technology and adopt total electronic voting for transparency and accountability.
The parliament is the bastion of democracy. It is the only arm that stands out to defend the masses. Therefore, members of the National Assembly who constantly gauge the mood of their constituents and vote in line with aspirations of their constituencies should not be blacked out through a nebulous voice vote. Their stance on topical issues confronting the country should not be buried. It is the fundamental right of every Nigerian to track the views of elected representatives in order to hold them to account.


