Nigeria’s Public Debt Soars to N144.67 Trillion by End of 2024

Nigeria’s total public debt climbed to N144.67 trillion ($94.23 billion) as of December 31, 2024, marking a 48.58% increase from N97.34 trillion ($108.23 billion) recorded a year earlier.

The Debt Management Office (DMO) disclosed this in its latest report, which also shows a quarter-on-quarter rise of 1.65% from the N142.32 trillion ($88.89 billion) recorded in September 2024.

A major driver of the increase was the Federal Government’s domestic debt, which jumped by 32.19% from N53.26 trillion to N70.41 trillion, reflecting continued dependence on local borrowing to fund budget deficits and infrastructure.

Meanwhile, domestic debt owed by states and the FCT dropped by 32.27%, falling from N5.86 trillion to N3.97 trillion.

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Global military spending rose to $2.72 trillion in 2024, up 9.4% from the previous year and marking the fastest annual increase since the end of the Cold War, according to a report by the Stockholm International Peace Research Institute. The war in Ukraine and broader geopolitical tensions drove growth across all regions, with Europe and the Middle East seeing particularly steep increases.⁠
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Russia spent an estimated $149 billion on its military in 2024, a 38% jump from 2023, while Ukraine spent $64.7 billion—34% of its GDP and the highest military burden globally. SIPRI noted, “Ukraine currently allocates all of its tax revenues to its military,” raising concerns about long-term sustainability.⁠
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The United States accounted for 37% of total global military spending, reaching $997 billion in 2024. That figure represented 66% of all NATO defense expenditures. SIPRI reported that over 100 countries increased military budgets in 2024, often cutting other spending areas in the process.⁠
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What if the HERO you trusted to save MILLIONS was never really here to save you?

For years, BILL GATES has stood as the shining face of global aid in Africa. With billions spent on fighting AIDS and boosting healthcare, many believed his mission was pure hope for a continent that deserved better. But deep inside rural clinics and dusty villages, another TRUTH has started to echo.

Some African leaders, doctors, and activists are now asking bold QUESTIONS. How did so much foreign AID leave local health systems weaker, not stronger? How did billions in drugs and vaccines fail to build lasting independence for African nations?

According to a revealing report by The Guardian (2020), the Bill and Melinda Gates Foundation has more power in shaping global health than many governments themselves. Yet their influence often bypasses local voices, leaving African communities dependent on donors for survival. Instead of empowering homegrown health solutions, it creates a CYCLE OF DEPENDENCY that keeps African health tied to outside interests.

When a single billionaire can control what diseases get attention, what medicines get funded, and which countries get aid, is this really CHARITY — or CONTROL?

Behind closed doors, some claim it’s about more than healthcare. Some say it’s about population management, quiet economic control, and keeping Africa’s fate in foreign hands while appearing generous to the cameras.

Yet hope is not lost. Brave African health workers, young researchers, and community leaders are rising to take back their story. They believe AFRICA must lead its own health revolution, build its own solutions, and stop looking up to billionaires for rescue.

It is up to us to ASK QUESTIONS that matter. Who profits when a continent stays sick? Who loses when Africa becomes self-reliant? And are we bold enough to dig for the answers no one wants us to know?

If you believe Africa deserves to write its own story, to heal its people with its own hands and minds — then your voice matters now more than ever.

FOLLOW our BACKUP PAGE @afrikan_echo because this page faces huge RESTRICTIONS. We share the stories they don’t want you to see.

Elon Musk and Donald Trump’s public feud has reignited after a short-lived pause. “Without subsidies, Elon would probably have to close up shop and head back home to South Africa,” Trump posted on Truth Social, adding, “Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!”⁠
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Trump was responding to a series of criticisms Musk levied over the last two days against the president’s signature “Big Beautiful Bill,” which today passed the Senate and is headed to the House. Musk accused the GOP of abandoning its fiscal promises, calling it the “PORKY PIG PARTY!!” and labeling the bill “political suicide.” He wrote, “Every member of Congress who… voted for the biggest debt increase in history should hang their head in shame!” and pledged to help primary those lawmakers out of office.⁠
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Musk also backed Rep. Thomas Massie, reposted a call to support him, and threatened to launch a new political faction. “If this insane spending bill passes, the America Party will be formed the next day,” he wrote. He also warned that the bill’s defunding of contempt enforcement “enables many other abuses of power by the President,” and posted a poll asking whether such a provision should be allowed.⁠
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On Tuesday, Trump told reporters he would “have to take a look” at deporting Musk and again invoked DOGE, the Department of Government Efficiency that Musk once led. “We might have to put DOGE on Elon,” Trump said, alluding to turning the agency against Musk and potentially targeting his federal contracts and subsidies.⁠
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