EXCLUSIVE: Kogi Governor Usman Ododo to Spend Over N1 Billion on Government House Remodelling and Residential Apartments Amid 80% of Revenue Committed to Debt Servicing in 2026 SaharaReporters’ review of Kogi State’s 2026 draft budget reveals that Governor Usman Ododo plans to spend N1.015 billion on remodelling the Government House, alongside an additional N1 billion earmarked for minor capital works through direct labour. The budget also includes N500 million for constructing residential apartments for lawmakers and the head of legislative services on an “owner-occupier” basis, meaning the government-funded houses would belong to the recipients. These expenditures come amid mounting concerns over Kogi State’s debt profile, with over 80% of the state’s Internally Generated Revenue (IGR) projected to be spent on debt servicing from 2025 to 2027. Analysts have raised alarms about the state’s weak revenue base, heavy reliance on federal allocations, and limited capacity to meet obligations without compromising essential services. Previous budget reviews highlighted that debt servicing overshadowed allocations to critical sectors like health, education, water resources, and public works, raising questions about fiscal prudence and transparency in the management of public resources. #KogiState #GovernmentHouseRemodelling #UsmanOdodo #StateBudget2026 #DebtServicing #FiscalResponsibility #NigeriaNews

💰 Youth Movement Urges National Assembly to Reject Tinubu’s $21.5 Billion Loan Request The Nigerian Youth Movement (NYM) has called on the National Assembly to reject President Bola Tinubu’s proposed $21.5 billion loan request, citing concerns over the nation’s escalating debt profile and potential economic repercussions. In a statement reported by Sahara Reporters, the NYM emphasized that approving such a substantial loan could further burden future generations and undermine Nigeria’s economic sovereignty. They urged lawmakers to prioritize fiscal responsibility and explore alternative solutions to address the country’s financial challenges. The youth-led organization highlighted the importance of transparency and accountability in governmental financial decisions, stressing that unchecked borrowing could lead to long-term economic instability. This appeal comes amid growing public discourse on Nigeria’s debt sustainability and the need for prudent economic management. #RejectTheLoan #NigerianYouthMovement #FiscalResponsibility #NigeriaDebtCrisis