Galaxy Television Menu

Reps Set To Investigate Debt Owed FG By States, Non-State Entities

Reps Set To Investigate Debt Owed FG By States, Non-State Entities

The House of Representatives is set to investigate alleged debts owed to the Federal Government by state and non-state actors, agencies and parastatals within and outside Nigeria.

The probe followed a motion sponsored by six lawmakers, led by Katsina State member, Salisu Majigiri, who raised concerns over Nigeria’s rising debt profile.

The lawmakers noted that as of September 30, 2025, Nigeria’s total public debt stood at over N153 trillion, driven largely by increased domestic borrowing and currency depreciation.

According to the sponsors, domestic debt accounts for more than 53 per cent of the total debt stock, while external debt represents about 47 per cent, with debt servicing taking almost half of government revenue in the first nine months of 2025.

In another motion, the House called for an investigation into the persistent increase in the prices of building materials across the country.

Sponsor of the motion, Bayelsa lawmaker, Oboku Oforji, argued that despite local sourcing of major raw materials, Nigerians continue to face high construction costs.

Also, Bayelsa lawmaker, Marie Ebikake, urged the House to intervene in the alleged failure of Oando Nigeria Plc to fulfil its corporate social responsibility to some communities in her constituency, including the provision of electricity.

Meanwhile, the House has tasked the Federal Government to urgently resettle over 10,000 internally displaced persons from Marte, currently taking refuge in Monguno Local Government Area of Borno State.

Sponsor of the motion, Bukar Talba, said the displaced persons have remained in difficult conditions after fleeing attacks in their communities.

The wave of defections continues in the House of Representatives as six lawmakers announced their defection from different political parties during plenary.

Related Articles


The following 6 pages may interest you as well: