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Servicing external debt with all our revenues not tenable – Tinubu

President Bola Tinubu has decried the futility of servicing Nigeria’s external debt profile with 90% of the country’s revenue base, saying it is a simple path to destruction and, hence, not sustainable.
His comments came in an apparent move to justify his ongoing economic reforms, declaring that Nigeria will not sustain a failed economic theory that leads to the wastage of 90% of its scarce revenue in the servicing of external debts in the midst of the many development challenges facing the country.
The President made the statement on Sunday in Abuja while declaring open the Annual Conference of the Nigerian Bar Association at the Velodrome, Chief MKO Abiola Stadium, Abuja.
While energising the gathering of 16,190 lawyers in attendance with an extemporaneous speech, President Tinubu stated that the prosperity Nigerians require will only occur once poverty is banished from society with the focused cooperation of Nigeria’s private sector leaders, many of whom were present at the opening ceremony.
“Can we continue to service external debts with 90% of our revenue? It is a path to destruction. It is not sustainable. We must make the very difficult changes that are necessary for our country to get up from slumber and be respected among the great nations of the world,” the President stated.
Speaking on the theme of the conference, “Getting it Right: Charting the Course for Nigeria’s Nation-Building,” the President stated that hard decisions must be made to set the country on a growth trajectory, despite the initial pains that meaningful reforms usually bring.
“We cannot have the country we desire without the reforms we have initiated. It is painful at the beginning, in the short and medium term, but we must do what we have to do to take this nation to its great destiny. It is not about you, and it is not about me. It is about our generations yet unborn, for whom we must bequeath a great and prosperous country,” he affirmed.
Against the backdrop of the renowned judicial reforms he undertook as Lagos State Governor, President Tinubu renewed his commitment to deal conclusively with the pressing issue of remuneration for judicial officers and legal practitioners, noting that true justice reform must begin with world-class salaries and benefits for legal professionals in Nigeria.
“You are learned. I want to learn. Why are we so blessed, yet we are still lacking? We must have a change of attitude and a change of mindset. We accuse our nation and its previous leaders. We complain a lot about the past. Is that the solution? No. Let us look forward and be determined! God has given us what we need. We must work hard with determination to make our country great, and it begins with you, who are seated here with me,” the President said.
Referring to the keynote address delivered by the Chairman of UBA Plc and Heirs Holdings, Mr Tony Elumelu, whom he praised for setting an agenda for economic growth and development, President Tinubu bemoaned the inability of the country to eradicate poverty and tackle poor electricity supply, despite Nigeria’s abundance of gas.
He made a commitment that his administration would ensure that Nigeria generates and distributes the electricity the economy requires to thrive.
“Yes, it is a shame not to have adequate electricity for the mass majority of homes in Nigeria and to power our industries. How can we address poverty without electricity? We can take many people out of poverty with an uninterrupted electricity supply. Poverty is not acceptable, and we must banish it,” President Tinubu concluded.
In his welcome address, NBA President Yakubu Maikyau, SAN, expressed NBA’s confidence in the ability of President Bola Tinubu to deliver good governance to Nigeria because of his pedigree and past track record of excellent performance in Lagos State, where he was the governor between 1999 and 2007.
“President Tinubu got it right in Lagos, and it is our considered expectation that as President of Nigeria, you will not only replicate your achievements in Lagos but surpass them for our country,” he said.
The conference was attended by the Attorney General of the Federation, Prince Lateef Fagbemi; Chief of Staff to the President, Femi Gbajabiamila; Minister of Federal Capital Territory, Nyesom Wike; Minister of Sports, Senator John Enoh; former Secretary to the Government of the Federation, Boss Mustapha; past NBA presidents; and many senior government officials.
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Couple arrested for gun running in Delta, wife confesses to helping hubby dispatch firearms

A couple, Mr. and Mrs. Joshua Bogbon Godwell, have been arrested by operatives of the Delta CP Special Assignment Team (CP-SAT) for alleged gun running in the state.
The couple was picked up from their home following a sting operation by police detective on March 9, 2025.
State Police Public Relations Officer, SP. Edafe Bright, who confirmed this in a statement on Thursday, said that they were held following a credible intelligence on them at their residence in Okpe local government area of the state.
Mrs. Uche Joshua, the wife, was said to have admitted to helping her husband dispatch guns to clients in Warri and Sapele.
The police said it recovered a fabricated Beretta pistol with a single live ammunition, which was planned to be delivered to a client in Sapele from their residence.
During interrogation, Mrs. Joshua confessed to her involvement in the gun-running business, saying, “I helped my husband dispatch guns to clients in Warri and Sapele. I was the one who delivered the guns to the clients.”
Edale said that police are still investigating the couple and their associates, with efforts to recover more firearms and arrest other suspects.
Equally, on February 3, 2025, operatives arrested a suspected cultist and gun runner, Stephen Oma Odu, who has been on wanted list from Obagho community in Warri North LGA Delta State at Sapele town.
His arrest also led to the arrest of another 42 years old suspected cultist, Abel Festus, aka “TOMPOLO.” of Oghareki community in Ethiope West LGA, at Oghara town.
Two pump action guns and 24 rounds of live cartridges were recovered from Festus’ apartment.
“Two other suspected cultists were also arrested during the raid including Godspower Moses m” aka power of Kokori community in Ethiope West LGA Delta State and Oloriode Owebe m” 24 years of Oghareki community in Ethiope West LGA Delta State”, Edafe added.
Police says preliminary investigations revealed that they were suspected members of the Vikings’ confraternity.
Additionally, CP-SAT arrested 26 years old Oboyo, a notorious cultist and suspected kidnapper from Igbopa community in Ethiope West LGA, and recovered a locally made gun with a single cartridge.
According to Edafe, an “FBI” impersonated enlargement carrying his picture was also recovered, which he used for internet fraud.
“Other members of his gang which include Favor omowo “m” 29yrs aka “Voltage” of Jesse town in Ethiope West LGA Delta State and Gift Omowo “26yrs of Jesse community in Ethiope West LGA Delta State were also arrested.
“Trailing of his other fleeing gang members is on course while investigation is ongoing”, the statement added.
News
Nigeria lost ₦120 billion to Illegal charter operations –Keyamo

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed how illegal private charter operations plagued the country’s aviation sector for over five decades and cost the federal government an estimated ₦120 billion in lost revenue over the past 10 years.
The minister made the revelation during fourth edition of the Federal Ministry of Information and National Orientation’s Ministerial Press Briefing in Abuja on Thursday. Keyamo described the issue as a “hydra-headed monster,” revealing that 80% of private jet owners in Nigeria have the habit of obtaining Private Non-Commercial Flight (PNCF) licenses but use their aircraft for commercial operations daily.
He said the PNCF license is intended for private use, such as transporting family members or attending social or business events and that it attracts a significantly lower fees compared to licenses for commercial charter operations, which require higher fees and stricter regulations. The minister explained that private jet owners exploit this loophole to avoid paying fees and taxes for commercial purposes. He said for instance, while a commercial charter operator might charge $10,000 for a flight from Lagos to Calabar and pay the required fees, private jet owners with PNCF licenses conduct similar operations without remitting the necessary revenue to the government.
Keymao said that in the past 10 years, Nigeria lost approximately ₦120 billion due to unremitted fees and taxes from illegal charter operations. “They go and obtain the PNCF license, the private one, but all of them are back every day for business. All of them. This is how the federal government has been losing revenue,” he said.
Keyamo said private jets which operate without proper documentation or passenger manifests, makes it difficult to track who or what is on board. He raised concerns that these jets could be used for illegal activities, including smuggling, money laundering, and even terrorism. “You don’t even have the manifest of those inside the aircraft. Sometimes, when there’s a near accident with a private jet, we struggle to find out who was inside. It’s totally unregulated.”
To address the issue, Keyamo established a task force last year headed by the Managing Director of Aero Contractors, Captain Ado Sanusi to investigate illegal charter operations. The task force submitted its report last week, saying they uncovered “mind-boggling” findings. Among the recommendations the task force made is the total shutdown of the private charter wing at airports for a complete overhaul.
“The task force suggested shutting down the private charter wing for total reconfiguration in terms of security and the kind of machines we use to screen bags. We are still looking into how to implement these recommendations without disrupting passenger movement,” Keyamo said.
Daily Sun
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Women’s coalition condemns Akpoti-Uduaghan’s suspension, writes Tinubu over perceived injustice

We Are All Natasha (WAAN), a coalition of Nigerian women against injustice in a letter addressed to President Bola Tinubu and sent through the Minister of Federal Capital Territory (FCT), Nyesom Wike, has in strong term condemned what it describes as the “misogynistic behaviour,” alleged sexual harassment, and the subsequent suspension of Senator Natasha Akpoti-Uduaghan from the Nigerian Senate.
WAAN in a letter, titled “Petition from Nigerian Women,” demanded that justice be upheld in the matter.
The letter was presented during a peaceful rally held Thursday in Abuja, where hundreds of supporters gathered to raise awareness about the ongoing injustices faced by women in the Nigerian Senate, particularly in light of the suspension of Akpoti-Uduaghan following her allegations of sexual harassment against President of the Senate Godswill Akpabio.
WAAN’s Coordinator, Ireti Bakare, conveyed the message through the coalition’s Secretary, Irene Anuwa-Ikyegh. Anuwa-Ikyegh pointed out that reports indicate Senator Akpoti-Uduaghan filed a petition accusing Senate President Akpabio of sexual harassment and misogyny.
However, instead of addressing these serious allegations with fairness and transparency, the Senate unexpectedly suspended her for six months on the grounds of an alleged breach of Senate rules and ethics.
“This action appears to be a blatant attempt to silence Senator Akpoti-Uduaghan and dismiss her claims without due process,” Anuwa-Ikyegh stated. “We implore Your Excellency to consider our petition, demanding justice for Senator Natasha Akpoti-Uduaghan. It is imperative that an independent investigation is conducted into her allegations.”
Anuwa-Ikyegh further emphasized that sexual harassment and misogyny should never be tolerated, and individuals who come forward with such claims must be heard, protected, and not punished. She called the suspension of Akpoti-Uduaghan an affront to workplace safety, justice, fairness, and equity.
“We stand with Senator Natasha Akpoti-Uduaghan in demanding a swift, impartial investigation and an end to the culture of silence, intimidation, and victim-blaming,” Anuwa-Ikyegh declared.
During the rally, founder of the Dorothy Njemanze Foundation, Dorothy Njemanze, addressed the crowd and condemned the silencing of women in politics. “If there’s any woman here who has campaigned during an election, do you know they ask for her vote? If they ask for her vote, that means they cannot enter office. No woman, no nation!” she exclaimed, urging for more female representation and respect for women in politics.
Another prominent voice at the rally, Gloria Odiahi, founder of Say No to Violence, expressed strong disapproval of the six-month suspension of Senator Akpoti-Uduaghan, noting the that March is Women’s Month, a time to reflect on the need for justice and equality.
“We do not think, as women, that she should be suspended. All we want is a fair hearing. All we want is justice,” Odiahi declared.
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