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Nigerian states pay N21.62 billion as external debt deductions in Q1 2022

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theheute-Nigeria Governors

The thirty-six (36) states of the federation parted with a sum of N21.62 billion as external debt deductions in the first quarter of 2022, an increase of 31.5% from N16.44 billion deducted in the corresponding period of 2021.

This is according to data extracted from the Federal Account Allocation Committee (FAAC) report, released by the National Bureau of Statistics (NBS).

Lagos, Kaduna, and Cross River recorded the highest deductions in the review period, with N7.27 billion, N2.26 billion, and N1.36 billion deducted respectively in Q1 2022. A total of N2.18 trillion was shared amongst the different levels of government and various revenue-generating units between January and March 2022.

Notably, the state governments received N590.45 billion as gross allocation in the period under review, while the federal government received a sum of N720.21 billion in the same period. Also, the local governments shared N436.37 billion, while N145.4 billion was allocated to oil-producing states as part of the 13% oil derivation fund.

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Below are the top states with the highest external debt deductions in Q1 2022.

Lagos State – N7.27 billion

A sum of N7.27 billion was deducted from the gross allocation to Lagos State in Q1 2022, representing 33.6% of the total amount for the 36 six states. Lagos State’s external debt deductions increased by 27.93% compared to N5.69 billion deducted in the comparable period of 2021.

A look at the debt profile of Lagos State shows that the economic hub owes a total of $1.33 billion in foreign debt as of December 2021, the highest compared to other states.

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Kaduna State – N2.26 billion

Kaduna State had a sum of N2.26 billion deducted as external debt payment in the review period, accounting for 10.5% of the total states’ deductions, increasing by 47.22% year-on-year compared to N1.54 billion deducted in Q1 2021. As of December 2021, its external debt stood at $595.12 million.


Cross River – N1.36 billion

Cross River’s external debt deduction in Q1 2022 accounted for 6.3% of the total 21.62 billion that was deducted from the entire states in the review period. Meanwhile, its deductions increased by 80.6% from N754.97 million recorded in Q1 2021 to N1.36 billion in the period under review. According to the Debt Management Office, Cross River’s external debt as of the end of 2021 stood at $279.71 million.

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Oyo State – N1.24 billion

A total of N1.24 billion was deducted from the quarterly allocations of Oyo State in Q1 2022 as payment obligation for its external debts, a 12.4% increase compared to N1.09 billion deducted in the previous year. A cursory look at the state’s external debt breakdown shows that Oyo State’s external debt profile stood at $85.27 million as of December 2021.


Rivers State – N800.58 million

Rivers State saw its allocation from the federal purse reduced by N800.58 million as a result of external debt deductions in Q1 2022, an increase of 14.71% compared to N697.92 million deducted in the corresponding period of 2021. As of December 2021, its external debt profile stood at $147.78 million.


Others include

  • Bauchi – N576.41 million
  • Osun – N567.77 million
  • Ogun – N547.23 million
  • Ekiti – N491.88 million
  • Katsina – N481.48 million
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‘Massive!’ Gateway Movement to empower Ogun residents with tractor, SUV, others Oct 2

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The Gateway Movement, in conjunction with Gateway Front Foundation (GFF), will on Sunday, 2nd October, 2022 will be holding a mega empowerment programme.

According to the release made available to Freelanews by organisation’s Deputy Director-General, Hon. John Obafemi, the event will commence by 11:00am at Ita Oba, Akarigbo Palace, Sagamu, Ogun State.

One of those expected at the rally include the former Ogun State Governor, Otunba Gbenga Daniel, who is also the All Progressives Congress (APC) Ogun East Senatorial Candidate for the 2023 general elections.

A major highlight of the event is the raffle where mouth-watering prizes like a N10 million wort of agricultural tractor, Toyota Highlander SUV and 2.5KVA generator.

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Over 500 other items are up for grabs, including sewing machines, grinding machines etc.

The Gateway Movement is a charity organisation with the mission to advance humanitarian causes and make life more pleasant for residents of Ogun State.

On its part, the GFF was founded as a non-governmental organisation 20 years ago and has since been supporting community development, empowerment programmes, microcredits and scholarships throughout the length and breadth of the Gateway State.

The general public, especially well-meaning people across the Ogun East Senatorial District, are hereby invited to this special empowerment programme.

Tickets for participation in the empowerment programs will be available at the entrance of the Akarigbo Palace from 9am on Sunday.

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Celebrating Celestial Church of Christ at 75 …Let’s go within

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The Divine Order for the establishment of the Celestial Church of Christ Worldwide, was given to His Eminence, Saint Samuel Bilewu Joseph Oshoffa of blessed memory on Friday, 29th September, 1947, in Porto Novo, Republic of Benin. And today, Thursday, 29th September, 2022, it is exactly 75 years since that once-in-a-lifetime event occurred.

Today also, the journey that began 75 years ago in very humble, unusual and mysterious circumstances in the forest of Agangue, has metamorphosed into the existence of a religious body that is unarguably the largest white garment church that the world can presently boast of.

The Celestial Church of Christ came with a vision to cleanse the world through the proclamation of the Good News of the Messiah, Jesus Christ. The church was also raised to proclaim deliverance to those bound by the Shackles of Satan and bring healing to the brokenhearted, the sick and also restore hope to the hopeless.

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His Eminence, Reverend Emmanuel Mobiyina Oshoffa, Supreme Head, CCC Worldwide

In his good will message to the church at 75, from his New York base, where he is currently rounding off his pastoral working tour of the United States America, His Eminence, Reverend Emmanuel Mobiyina Oshoffa, Pastor and Supreme Head of the Celestial Church of Christ Worldwide says:

“As Celestians, all over the world, celebrate the 75th anniversary of the birth of our great church, it is important that we go within our individual selves and attempt to find answers to a number of pertinent questions, the most important of which are: ‘How well have you built on the outstanding legacies of the founding fathers of the church? Are you a scatterer or a gatherer? If the last trumpet sounds this moment, would you be found worthy of a place in eternity on the right side of the Most High God?’ Yes, it’s truly a time for celebration but it’s also a time for very sober reflection,” His Eminence concluded.

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CASON Confab proffers solutions to church killings, kidnaps, others

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Faced with the fact that over 6,000 Christians were bombed, beheaded or shot dead between January 2021 and March this year in Nigeria, and about 2,500 were kidnapped for ransom, the Church Administrators Society of Nigeria (CASON) hosted speakers to proffer solutions at its 9th annual conference tagged “The Church and the Challenge of Insecurity” in Lagos, this week.

Speaking at the confab, security expert and chief executive of Halogen Group, Mr. Wale Olaoye identified complacency and distraction as primary reasons why the unchurched and the un-discipled have foisted mayhem on Christians and the rest of the world.

He said, “Church leaders in Nigeria have become complacent. Rather than disciple the nations, they are busy acquiring wealth and building monuments, while their teeming followers idolize them. The truth is that the mark of great churches is not in their seating capacity, but in their sending capacity.

“Back in the day, Christians were eager to travel from the south to the core north on missions to win souls for Christ. But churches have stopped sending and funding missionaries. The alarming result of this is that out of 7.92 billion people in the world, Christians are just 2.26 billion. Amongst the unchurched, 5.27 billion are ISIS, ISWAB, Boko Haram and other terrorists who want to foist their extreme ideologies upon the world through violent bombings, killings, kidnappings, etc,” Olaoye explained.

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According to the CASON Vice President, Pastor Steve Akoni, church administrators and pastors must rethink the new normal “because we are faced with new realities. We invite people to come and worship the Lord in our churches, therefore we are obliged to do all that we can to keep them safe. Technology has made security easy, so let’s install CCTV cameras, train our ushers and gatemen to become security conscious, and raise the security awareness of our congregation.”

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Also speaking at the confab via a recorded video, Dr. Sam Adeyemi, Senior Pastor, Daystar Christian Centre, advised that church leaders must engage in scenario planning and prepare for all eventualities. He emphasised that such pro-activeness is faith-based and God-inspired because, “We need a combination of humanity and divinity to have security.”

Responding to questions, the CASON President and chief host of the confab, Pastor Seyi Oladimeji said, “The insecurity challenge dictates that every church leader today must create a secure but friendly worship facility and environment. We must leverage on both physical and virtual security structures, just as the bible instructs us to put on all of God’s armour so that we would all be able to stand safe against all strategies and tricks of Satan.”

In the heat of insecurity and ahead of the 2023 elections, all the speakers at the 2022 CASON Conference agreed that while all Christians in Nigeria must demand good governance and vote only for politicians with proven integrity, church leaders must look within and begin to do much more to erase ostentatious living, prevent stealing, fraud and fake lifestyles among their numbers.

In addition to this, churches in Nigeria are also encouraged to return to funding missionaries to reach and win the unchurched in order to breakdown the rage against Christianity.

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According to Olaoye, the main speaker, church leaders must be able to predict dangers, prevent them, protect their congregation and respond accordingly to all threats. “In addition to this, churches should begin to do proper risk assessment, background checks on key persons, invest in facility security systems, establish access control, emergency and lockdown procedures, etc. They must also invest in insurance and cybersecurity.”

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Pastor Wole Oladiyun, author, engineer, serial entrepreneur and Senior Pastor, Christ Livingspring Apostolic Ministry (CLAM) rounded off the conference with a fervent prayer session, while commending CASON for taking the initiative to train administrators for the Church in Nigeria, even in its ongoing collaboration with Babcock University.

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