Tinubu: Nigeria Will Spend $11.6 bn On Debt Servicing+Peter Obi Welcomed By Crowd In Ebonyi| OjyOkpe

Fri, 04 Sep 2026 11:39:03 +0000

President Bola Ahmed Tinubu visited Rwanda for bilateral talks with President Paul Kagame after attending the Africa Forward Summit in Nairobi.

It comes as the President revealed that Nigeria will spend $11.6 billion on debt servicing in 2026—nearly half its projected revenue—with the President blaming high interest rates for limiting investment in key sectors.

Meanwhile, a resurfaced 2024 interview of former President Olusegun Obasanjo criticising Nigeria’s subsidy removal and rising debt has gone viral again, with many Nigerians saying his warning that the country was “deep in debt and spending money like a drunken sailor” now seems prophetic.

In another development, Senate President Godswill Akpabio said Akwa Ibom State would deliver the highest votes in the South-South for Bola Ahmed Tinubu’s 2027 re-election, citing Governor Umo Eno’s peaceful leadership and collaboration with the APC.

Dapo Abiodun has been endorsed by APC stakeholders to contest the Ogun State East Senate seat in 2027, while current Senator Gbenga Daniel dismissed the endorsement as a “desperate sham.”

It comes as videos from alleged “Renewed Hope empowerment” events linked to President Tinubu have sparked outrage online after showing people receiving cash-filled envelopes branded with the President’s name.

In Ebonyi State, Peter Obi drew large, enthusiastic crowds during his visit to Abakaliki for the burial of Catholic Bishop Reverend Peter Chukwu, an event also attended by Governors Francis Nwifuru and Peter Mbah.

Meanwhile, a viral video from the state showing pupils at Community Primary School learning while seated on a dusty floor without furniture has sparked concern online over poor conditions in public schools and the neglect of educational infrastructure.

A disturbing video circulating online from South Africa shows a man warning foreigners to leave the country by June 30, triggering renewed concerns and debate over xenophobia and hostility toward immigrants.

It comes as an AI-generated fake government notice in South Africa falsely ordering foreigners to leave the country sparked panic online, prompting the South African Department of Home Affairs to dismiss it as a hoax.

In our good news report, we highlight the award-winning Nollywood actress and filmmaker Genevieve Nnaji who is set to make a long anticipated return to the screen with "Wahala,” a new drama series produced by BBC Studios.

In another development, the family of Nollywood actor Alexx Ekubo has confirmed he died at age 40 from metastatic kidney cancer after a brief but courageous battle at Evercare Hospital in Lagos, prompting widespread tributes across the film industry.

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