IMF: Nigeria’s Debt Level Sustainable, But Paying 50% of Tax Revenue on Interest Concerning
Insists core parameters of $5bn UAE loan deal still unknown Wants FG to ensure social safety net for vulnerable Urges Nigerian govt to provide quality service amid hike in taxes
Emmanuel Addeh in Abuja and Nume Ekeghe in Lagos
International Monetary Fund (IMF) yesterday stated that although Nigeria’s debt remained sustainable
and the country faced no high risk of distress, the federal government’s growing debt service burden was
a major concern, with about half of its tax revenues being used to pay interest on borrowings.
IMF Resident Representative for Nigeria, Dr. Christian Ebeke, made the remarks during an interview
on ARISE NEWS Channel. Continued on page 8
Inflation Rises Further to 15.93% Amid Food, Energy, Commodity Price Pressures... Page 8 Tuesday 16 June, 2026 Vol 31. No 11391. Price: N400
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Military Rescues Gen Rabe’s Widow from Captivity, Pays Condolence Visit to Family Terrorists raid Niger communities
Linus Aleke in Abuja and Laleye Dipo in Minna
The military has rescued Mrs Amina Abubakar, widow of the late Major General Rabe
Abubakar, a former Director of Defence Information, who was abducted alongside her husband
by bandits in Katsina State some weeks ago, but died in captivity. According to a statement by
Director of Defence Information, The statement explained that Major General Samaila Uba, the sustained offensive operations and rescue followed intensified search- mounting pressure on criminal and-rescue operations conducted elements led troops to make by troops of Operation Fansan Yamma in the affected areas. Continued on page 8
Despite Existing Appeal Court Order, Justice Lifu Directs INEC to Deregister ADC, 4 Others You’re playing with fire, ADC warns govt’s agents, says judge is threat to democracy We’ll be on the ballot in 2027, confident Mark tells members It’s judicial rascality, Atiku slams court Adeleke: deregistration ruling violates appeal court order Obi warns against politicising institutions Your order won’t stand, Sowore blasts court Adebayo demands INEC’s full independence
Story on page 8
Amaechi
Atiku Picks Amaechi as Running Mate LAUNCH OF SMDF EARLY-STAGE MINERAL EXPLORATION AND RESEARCH GRANT...
L–R: The Executive Secretary, Solid Minerals Development Fund (SMDF), Hajiya Fatima Umaru Shinkafi; Chairman, Senate Committee on Solid Minerals, Sen. Ekong Sampson; Minister of Solid Minerals Development, Dele Alake and Chairman, House Committee on Solid Minerals, Hon. Gaza Gbefwi, during the Launch of the SMDF Early-Stage Mineral Exploration and Research Grant Endowment Programme (EMERGE). Application opens on July 10 on smdf-emerge.com.ng
Presidential candidate of the African Democratic Congress (ADC), Alhaji Atiku Abubakar, has picked a former Rivers State governor and former Minister Continued on page 6
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