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Let’s Call On Obasanjo To Advise President Tinubu On How To Get Debt Relief For Nigeria – Afe Babalola
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Legal icon and founder of Afe Babalola University, Ado-Ekiti (ABUAD), Afe Babalola, has stressed the need for President Bola Tinubu to seek debt relief for Nigeria from the country’s international creditors.
He emphasized the need to seek a reduction in the interest of the loan and the loan itself in order to save Nigeria’s economy from collapse.
Recalling how former President Olusegun Obasanjo got debt relief for Nigeria, Babalola said it is time to call Obasanjo to advise the Tinubu government on how to get it done.
Speaking on Sunday in Ado-Ekiti during the 6th Induction Ceremony of the 2023 graduating set of the College of Medical and Health Sciences of ABUAD, Babalola, if Nigeria does not seek debt relief, the country’s economy may be crippled with the way things are going.
The legal luminary also lamented that the loans accrued by the government have unfortunately been embezzled by some private individuals.
He emphasized that the sorry state of the economy and the frustration of the people are responsible for the protests across some major cities in the country.
He said, “Nigeria is one of the heaviest debtors in the world, I have written articles about it, let us investigate how we came to several trillions of dollars, what do we spend it on? I can assure you, these money are pocketed by those who said they collected it.
“Let us call on Obasanjo again to advise the present government. When we were in serious trouble in the 90s, after he took over, he went round all the creditors and begged them, one, to peg the interest, two, to even reduce the indebtedness and today, we are better for it.
“Unless we do that, this indebtedness will cripple this country and it will lead to anything. I have seen people especially, in the North who are agitating because of the fact that the naira is getting worse, food prices are high, no employment, and those who get it are not paid. Something has to be done about it.”
Speaking further, Babalola condemned the recent killings of two traditional rulers in Ekiti State and the hike in food prices.
He urged the government to intensify efforts at tackling insecurity so that farmers can access their farms without fear and enable all Nigerians to be producers of crops by investing in Agriculture.
Babalola also advocated an increase in the salary of teachers in the country to bolster their teaching delivery towards achieving and sustaining quality education in the country, as it has been in the 20th century.
His words, “Monarchs are killed, it is an unusual development, so, what is behind all these is the fact that we have no money, our money has no value, our currency is as worthless as toilet paper, something has to be done about naira and productivity.
“Farmers have left their farms now because of kidnappers, something has to be done about kidnapping and farmers have to be encouraged to go back to their farms.”
The Federal Government has endorsed a new examination fee of N50,000 for candidates sitting the West African Examinations Council (WAEC) and National Examinations Council (NECO) Senior School Certificate Examinations (SSCE), effective from 2027.
The approval was conveyed in a statement dated June 18 and signed by the Director of Senior Secondary Education at the Federal Ministry of Education, Adeniji Ibrahim. According to the statement, the decision followed a request by WAEC for an upward review of the SSCE registration fee for candidates from 2027.
The new fee represents an 82 per cent increase from the current registration fee of N27,500. Ibrahim explained that the decision stemmed from a meeting held on March 31, 2026, between the Minister of Education and examination bodies, where the need to review examination fees was discussed.
He stated that the Minister directed both WAEC and NECO to adopt a uniform examination fee for the conduct of their SSCE examinations.
You may recall that at a meeting of examination bodies held with the Honourable Minister of Education on March 31, 2026, where the need for an upward review of examination fees was discussed, the Honourable Minister directed that WAEC and NECO should adopt a uniform fee for the conduct of WAEC and NECO SSCE,” the statement read.
“Consequently, I am directed to convey the Honourable Minister of Education’s approval of the sum of Fifty Thousand Naira (N50,000) only as the new examination fee per candidate, with effect from NECO SSCE (Internal), 2027.”
The ministry also directed that the approval be communicated to all relevant stakeholders.
Confirming the development, the Ministry of Education’s Director of Press and Public Relations, Folasade Boriowo, told TheCable that the Federal Government had approved the upward review of the examination fees.
“I can confirm the approval of an upward review of the examination fees. I spoke with the director in charge a few minutes ago and he said the approval was done,” she said.
An Iranian newspaper has published a controversial list naming former U.S. President Donald Trump, Israeli Prime Minister Benjamin Netanyahu, and several European leaders as alleged targets for revenge following the killing of Iran’s former Supreme Leader, Ali Khamenei.
The publication is linked to hardline elements in Iran but it is not clear whether the list reflects official Iranian government policy.
The report comes amid heightened tensions after Khamenei’s death and follows renewed vows of retaliation by Iran’s current Supreme Leader, Mojtaba Khamenei, who has publicly promised revenge for his father’s assassination.
The newspaper’s publication has raised international concern, with analysts warning that such inflammatory rhetoric could further escalate the already volatile security situation in the Middle East. While the list has attracted widespread attention, there has been no official confirmation that it represents an operational threat or an approved policy of the Iranian government.
The development comes as tensions between Iran, the United States, Israel, and their allies remain at one of their highest levels in recent years, with governments closely monitoring the situation for any signs of further escalation.
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Military identifies Army lieutenant who paid supreme sacrifice in rescue of abducted Oyo pupils, teachers
Military sources have confirmed the death of an Army officer, Lieutenant F.A. Isaac, during the operation that rescued 44 abducted pupils and teachers from the Old Oyo National Park.
The victims were rescued on July 10, 2026, in a coordinated operation involving security agencies after spending several days in captivity.
According to the sources, Lieutenant Isaac was killed in the line of duty during the rescue mission and was buried the same day.
Oyo State Governor Seyi Makinde had earlier confirmed that the military recorded a casualty during the operation.
Sources said Lieutenant Isaac was among the officers leading efforts to rescue the abducted pupils and teachers when he was fatally wounded.
The pupils and teachers were abducted in Oriire Local Government Area of Oyo State on or about June 6, 2026, before their eventual rescue by security operatives.
FG jerks WAEC exam fees by 82%, parents to pay N50k
Iranian Newspaper lists Trump, European leaders as alleged revenge targets
Military identifies Army lieutenant who paid supreme sacrifice in rescue of abducted Oyo pupils, teachers
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