Nigeria Owes Foreign Creditors 11.26 Billion Dollars

Naira, Market, dollarNigeria’s foreign debt now stands at 11.26 billion Dollars.

This is according to data from the Debt Management Office.

This figure is made up of a 3.65 billion dollar foreign debt by the 36 states of the federation and the Federal Capital Territory.

The data shows Lagos, which has the biggest economy in the country, as the most indebted state to the tune of 1.43 billion dollars.

Kaduna State follows with a foreign debt of 225.28 million dollar while Edo State, with 179.52 million dollars is the third most indebted state.

Jonathan visits Police College

Following the week-long report by Channels Television on the dilapidated state of the Police Training College in Lagos, President Goodluck Jonathan on Friday paid a surprise visit to the college.

Dr. Jonathan who arrived in company of the Chief of Defence Staff, Admiral Ola Ibrahim, expressed shock at the level of dilapidation at the foremost institute.

Apparently responding to pictures of rot in infrastructure broadcast by Channels Television, a visibly angry president queried the authorities of the college on the state of the institution.

He promised to change the tide in the college saying that his government

“Will do something about the institution”, the President vowed.

The chairman of Channels Television, Mr John Momoh was present during the president’s visit.

This is the first time a sitting President would be visiting the Police College built over 70 years ago.

The President’s visit lasted for about an hour, during which he undertook an inspection tour of the school, including the students’ hostel which is in a terrible state.

Throughout the week, Channels Television has broadcast series of reports on the police college.

The police project is the station’s corporate social responsibility for year 2013, and on Tuesday January the 22nd, there would be a forum in Lagos where the private sector will be sensitized on the need to come together to rebuild the college and bring it  to international standard.