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New government to face significant challenges with rising debt and fuel subsidy crisis

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The federal Republic of Nigeria is currently facing alot of challenges including a staggering debt, insecurity, high subsidies on gasoline, a weak currency, and issues across various sectors, putting the country’s survival in jeopardy.

As the nation prepares to elect a new president in February, top contenders include Peter Obi of the Labour Party, Atiku Abubakar of the Peoples Democratic Party, Bola Tinubu of the All Progressives Congress, and Rabiu Kwankwaso of the New Nigeria Peoples Partyh ave outlined their plans for addressing the various challenges facing Nigeria in their campaign manifestos.

financial and energy experts have warned that whoever is elected will need to go above and beyond these promises to effectively address the country’s issues, but so far, the candidates have not made a strong impression on the public with their campaign promises.

The experts argued that the solutions proposed in the presidential candidates’ manifestos may not be sufficient to address the country’s deep-rooted challenges.

They also stated that some of the contenders have not yet convinced the public of their ability to effectively govern if elected. One example cited was the country’s current debt burden, which they noted should be a major concern for the next president. These experts believe that whoever emerges as the winner in the February general elections will need to deliver more than what is proposed in their manifestos to tackle these issues.

It was gathered that Nigeria’s public debt could reach a staggering N77tn if the National Assembly approves a request by President Muhammadu Buhari to restructure the Ways and Means Advances. The Ways and Means Advances is a loan program through which the Central Bank of Nigeria provides funding to cover shortfalls in the government budget.

“Most of the presidential candidates don’t fully grasp the magnitude of the problems facing Nigeria, as evidenced by their campaign promises,” said Dr Sam Nzekwe, a former president of the Association of National Accountants of Nigeria.

“They are still on the outside looking in, and their perspective on the issues is vastly different from what one would experience from within the system,” he added.

 

 

 

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Politics

Lagos 2027: Doherty Promises Free Education, Books, Exam Fees Within 100 Days If Elected

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The Lagos State governorship candidate of the Nigeria Democratic Congress (NDC), Funso Doherty, has promised to make education, books and examination fees free across the state within his first 100 days in office if elected governor in 2027.

Doherty made the pledge on Thursday during a special town hall meeting hosted by The Platform, a thought leadership initiative of The Covenant Nation, in Lagos.

Speaking on his plans for his first 100 days in office, the governorship candidate said his administration would make education entirely free, including the provision of books and payment of examination fees.

SEE ALSO: 2027: ‘Lagos Is Inhospitable To Youth’ — Doherty

“We will also provide one nutritious meal for every kid in public school. We will also provide a programme by which kids who are in public schools are transported free to school if they need it,” Doherty said.

He explained that the measures were aimed at ensuring that no child is denied access to education.

“Because the children, given our demographics, are the hope of the future and will be the time bomb of the future,” he said.

Doherty also promised what he described as truly free healthcare, with particular attention to maternal and child healthcare.

On housing, the NDC candidate said his administration would adopt a large-scale approach to addressing the housing deficit in Lagos, rather than delivering only a few hundred housing units.

“Our commitment is to deliver about 150,000 units in our first term because a large part of the problem with housing is the fact that supply has not kept up with the demand,” he said.

The pledges form part of Doherty’s proposed agenda ahead of the 2027 Lagos State governorship election.

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2027: ‘Lagos Is Inhospitable To Youth’ — Doherty

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The Lagos State governorship candidate of the National Democratic Congress (NDC), Doherty, has described Lagos as an “inhospitable” and “hostile” environment for young people.

Doherty made the remarks on Thursday during a town hall meeting with Lagos residents, where he said young people should not be regarded as merely the “leaders of tomorrow,” but as the people who constitute the Lagos of today.

According to him, Gen Z accounts for about 25 per cent of Lagos’ population, while millennials make up another 25 per cent, with Gen Alpha bringing the younger population to about 80 per cent.

SEE ALSO: Tinubu Departs Paris for Lagos, Set for Abiola Tribute

“So, in essence, Lagos is you and you are Lagos,” he said.

Doherty questioned why Lagos should feel hostile to young people despite their significant presence in the state.

“So why is it then that Lagos looks so inhospitable to the young? Why is it that it feels like a hostile environment to the young?” he asked.

He cited challenges in education and housing, among others, as factors affecting young Lagosians.

Doherty said many young people feel compelled to leave the state because of the difficulties they face, adding that government should focus on making Lagos attractive enough for them to stay.

“It’s not surprising that many feel they have to leave,” he said. “And, you know, as leaders, we can’t tell them not to leave. What we need to do is to make the place attractive for them to stay.”

The NDC candidate also spoke about what he described as the social contract between government and citizens, arguing that citizens are expected to work, pay taxes and fulfil their responsibilities while government provides the conditions necessary for them to thrive.

He asked attendees whether they believed the government was fulfilling its side of the social contract, saying he saw few hands raised in response.

Doherty also highlighted Lagos’ internally generated revenue, citing information he attributed to the National Bureau of Statistics (NBS).

He claimed that when five states — Delta, Rivers, Ogun, Enugu and the Federal Capital Territory — are separated from the remaining 31 states, Lagos still has more internally generated revenue than the 31 states combined, and also more than the five put together.

He said the state’s resources make the issue of the social contract particularly important.

Doherty outlined his vision of a Lagos where no child is denied education because their parents cannot afford it, no child dies because their parents cannot afford medication, and residents do not have to rely on unsafe transportation or experience abusive interactions with government.

“That is my vision for Lagos,” he said.
He added that his vision would be backed by specific policy actions, announcing that his campaign would release its manifesto to the public the following week.

According to Doherty, the manifesto would contain 34 specific actions that his administration would commit to implementing during its first term if elected.

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Nigerians Must Rise, Reject Inducement and Intimidation at Polls — PDP Chairman

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#NigeriaDecides: FCT PDP Chairman Dies In Accident

The National Chairman of the Peoples Democratic Party (PDP), Kabiru Tanimu Turaki, SAN, has urged Nigerians to rise in unity, reject inducement and intimidation, and take responsibility for the country’s future at the ballot box as Nigeria marks its 66th Independence anniversary.

Turaki made the call in an Independence Day message dated October 1, 2026, titled “Nigeria @66: Like Our Forebears, Let’s Not Miss the Time.”

SEE ALSO: Independence Day: Nigeria Is a Resilient Nation With Nine Lives — Shehu Sani

He said every anniversary of Nigeria’s independence serves as a reminder of the sacrifices made by the country’s forebears in pursuit of a nation they envisioned as a place of prosperity, equality, equity and justice.

According to him, the struggle for self-rule was not achieved without resistance, noting that when the opportunity for independence came, Nigeria’s forebears rejected inducements and resisted threats designed to defeat their objective.

He said they did not delay or miss their moment.

Turaki said Nigerians must draw from that example as the country turns 66, stressing that it is now the responsibility of citizens to rise and act.

“As Nigeria turns 66, it is our turn to rise.”
He called on Nigerians to rise in unison, shun inducement and stand firm against intimidation.

The PDP chairman said citizens must, “now, more than ever,” remain determined to elect, at the earliest opportunity, a government that will build a Nigeria that works for all and not just some.

He said such a government should create a nation characterised by security, economic opportunity, unity and justice.

According to Turaki, the responsibility for achieving that objective rests with Nigerians through their participation at the ballot box.

“That responsibility now rests on us at the ballot box. This is our own time, and we must not let it pass.”

He urged Nigerians to seize the opportunity to shape the country’s future, drawing inspiration from the generation that fought for self-rule and refused to allow inducements or threats to derail its pursuit of independence.

 

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