National News
Nation’s Record of Ease of Doing Business Responsible for Economic Woes- Lawmakers
Nation’s Record of Ease of Doing Business Responsible for Economic Woes- Lawmakers
By: Michael Mike
Nigerian lawmakers have complained about the nation’s economic situation, insisting that Nigeria’s record of Ease of Doing Business (EoDB) has not been stable and was responsible for the ongoing challenging confronting the country.
This was one of the positions of the Nigerian lawmakers at the Economic Community of West African States (ECOWAS) Parliament during the Presentation of Country Report of Nigeria at the 2023 First Ordinary Session of the Assembly in Abuja on Tuesday.
The lawmaker in the report said: “Nigeria’s record of EoDB is not stable and it is reflective of the ongoing challenges confronting our economy. To improve the situation on 14 February, 2023 the Federal Government under the leadership of His Excellency, President Muhammadu Buhari, signed into law the Busimrss Facilitation (Miscellaneous Provisions) Act 2023, a legislation that fosters an enabling environment for micro, small, and medium-sized enterprises (MSMEs) in Nigeria.”
They explained that the Act among other things would promote accountability and transparency for government agencies and business operations as well as boost technology use in Ministries, Departments and Agencies (MDGs). It would also encourage government to have legally binding agreement with the public, essentially detailing processes, documentation, and timeliness while providing amendments to some Acts such as Companies and Allied Matters Act, The Foreign Exchange (Monitoring and miscellaneous provisions) Act, Nigeria Export Promotion Council Act, National Housing Fund Act and the Nigerian Investment Promotion Commission Acts.”
They however said with the implementation of the law and consolidation of the reforms, there would be result in seamless public and private sector partnerships, thereby improving domestic businesses and attracting foreign investments while extensively impacting the economy.
They also said there are presently concerns over the smooth implementation of the 2023 national budget since the budget is largely funded by crude oil benchmarks and loan grants which are momentarily plummeting., lamenting that “this is as a result of inability of the country to find substantial buyers for its crude oil,” insisting that “this deplorable situation could be compounded by strikes in the French refining sector and maintenance at European plants where Nigeria refines her crude oil.”
The lawmakers equally expressed worries over the debt profile and its management by the Nigerian government. They said: “According to the World Bank, Nigeria used 96.3 percent of its revenue generated in 2022 to service debt and the constant fiscal deficit has aggravated the nation’s public debt stock.
“The fiscal deficit was estimated at 5.0 percent of GDP in 2022, breaching the stipulated limit for a federal fiscal deficit of 3 percent. This has kept the public debt stock at over 38 percent of GDP. As a result, the GDP is projected to be negatively impacted by the trade and financial flow repercussions of the anticipated global economic slowdown in 2023.”
They however expressed optimism, insisting that “the federal government of Nigeria is leveraging on the country’s international partnerships to stabilize the economy.
“In this regard, Nigeria and China have deepened bilateral trade relations in agriculture and agro-allied industries, mining, and investments in gas development as well as the digital economy.”
Nation’s Record of Ease of Doing Business Responsible for Economic Woes- Lawmakers
National News
FG Targets Millions Of Youths For Skill Acquisition, Rallies Global Partners
FG Targets Millions Of Youths For Skill Acquisition, Rallies Global Partners
As VP Shettima calls for coordinated results to drive economic growth
By: Our Reporter
The administration of President Bola Ahmed Tinubu, Tuesday, rallied global development partners, industry leaders, and policymakers to deepen investment in the Federal Government’s ongoing skills acquisition drive targeting millions of Nigerian youths.
This is just as Vice President Kashim Shettima called for clarity, collaboration, and coordinated results from relevant stakeholders, emphasising the need for investments in a more coherent national system, where skills lead to jobs that are enterprising enough to drive economic growth.
The Vice President stated this in Abuja when he declared open the National Skills and Industry Alignment Roundtable Series (Q1 2026) with the theme, “Bridging Skills Supply and Labour Market Demand.”

The event was convened by the Office of the Vice President, with support from the European Union (EU).
Represented by the Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia, the Vice President commended the European Union for its continued partnership and support for Nigeria’s job creation and youth development agenda.
He noted that the collaboration had been instrumental in strengthening coordination and advancing collective efforts to create opportunities for young Nigerians.
Senator Shettima stressed that Nigeria stands at a decisive moment in its history, noting that the country is home to one of the largest youth populations in the world, with millions entering the labour market each year—full of ambition, energy, and potential.

He, however, observed that the vast majority of available jobs are informal, unstable, and not fully connected to productivity and growth, requiring sustained and targeted interventions to ensure graduates are job-ready and equipped with relevant skills.
“This tells us one thing very clearly—the challenge is not simply job creation; it is alignment. Nigeria does not have a talent problem. Until skills meet industry demand, job creation will remain below its full potential,” he said.
Spotlighting the government’s position, the Vice President affirmed that the Tinubu administration is determined to address this challenge.
He continued: “We are moving away from fragmented programmes, isolated interventions, and uncoordinated investments toward a more coherent national system—one where skills lead to jobs, jobs lead to enterprise, and enterprise drives economic growth.
“Last year, under the leadership of the Vice President and with the support of the European Union, the Office of the Vice President undertook a mapping of the national job creation ecosystem and convened a National High-Level Policy Dialogue on Job Creation.
“That engagement made it clear that sustainable employment will not come from government alone, but from a coordinated ecosystem where the private sector leads and government enables. It is in continuation of that effort that we are gathered here today.”
VP Shettima further noted that the Roundtable Series was designed as a structured platform for engagement, bringing together policymakers, industry leaders, development partners, and institutions to align efforts, build trust, and drive practical solutions.
He stated that, beyond ongoing multi-faceted investments, the Federal Government seeks to move from dialogue to deliberate action, connecting the dots between training and employment, education and industry, and policy and outcomes.

He emphasised that while government must align programmes with real economic demand, all stakeholders have a role to play in actualising President Tinubu’s skills policy direction.
“Job creation cannot be outsourced to government alone—industry must take its place at the table, not just as employers but as co-creators of the workforce Nigeria needs. The private sector must clearly articulate the skills it requires and actively participate in shaping them.
“Development partners also have a critical role—not just in funding programmes, but in supporting alignment, coordination, and scale around what works. Ultimately, what we are seeking is simple—clarity, collaboration, and results,” the VP said.
The Vice President declared that the time for fragmented action was over, stressing that the moment demands coordinated results, even as he said Nigeria has the talent, energy, and opportunity, but requires coordination, discipline, and execution from relevant stakeholders.
Earlier, the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, stated that the roundtable was very important to the ministry, noting that many employers are seeking skilled workers.
He explained that housing development involves a wide chain of activities—from architects to engineers to bricklayers—and requires collaboration among stakeholders and development partners to address the housing deficit, which will, in turn, drive economic growth.
For his part, the EU Head of Cooperation for Nigeria and ECOWAS, Massimo De Luca, acknowledged ongoing collaboration with the Office of the Vice President, the Deputy Chief of Staff to the President, and other development partners, including the Tony Elumelu Foundation, to drive impact in skills development and job creation.
According to him, the EU has, in recent years, focused on fostering organic engagement within Nigeria’s production system.
“We grow skills where they matter, where they are required, and where they are defined,” he said, commending the Office of the Vice President for ensuring that relevant fellowship programmes for Nigerians such as 3MTT are embedded within a broader ecosystem.
The Senior Special Assistant to the President on Delivery and Coordination, Akubo Adegbe, described the roundtable series as a deliberate and ongoing effort by the Office of the Vice President and the EU to strengthen coordination across Nigeria’s job creation ecosystem.
He added that the series serves as a structured platform to bring together key actors to deliberate on how to impact priority sectors of the economy, moving from collaboration to measurable outcomes.
Other participants at the roundtable include representatives of the Organised Private Sector, the German Agency for International Cooperation, the Tony Elumelu Foundation, and the Aliko Dangote Foundation.
FG Targets Millions Of Youths For Skill Acquisition, Rallies Global Partners
National News
ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border
ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border
By: Michael Mike
The Economic Community of West African States (ECOWAS) has issued ECOWAS National Biometric Identity Cards (ENBIC) to more than 260 women traders in border communities between Senegal and Guinea-Bissau in a move aimed at strengthening regional integration and easing cross-border trade.
The cards were presented during a ceremony held on March 16, 2026, in the twin border communities of São Domingos and Mpack, with support from the German Agency for International Cooperation (GIZ).
The initiative, led by ECOWAS’ Directorate of Free Movement of Persons, Migration and Tourism, is designed to facilitate the movement of women engaged in cross-border economic activities while addressing administrative barriers faced by vulnerable populations who often lack awareness or access to ECOWAS travel documents.

The event brought together officials from both countries, including the Governor of Cacheu in Guinea-Bissau, Honorina Vasconcelos, and the Governor of Ziguinchor in Senegal, Mor Talla Tine, alongside representatives of national boundary commissions and the ECOWAS Commission.
Speaking at the ceremony, Vasconcelos expressed appreciation to ECOWAS for selecting São Domingos as a beneficiary of the pilot phase of the initiative, describing the programme as an important step toward strengthening regional integration and facilitating free movement across the sub-region.
Also addressing participants, Tine commended the programme and stressed the importance of transforming border communities into hubs of economic opportunity while maintaining vigilance against security threats and cross-border crime. He noted that around 100 women cross the Mpack–São Domingos border daily without adequate knowledge of required travel documents, highlighting the need for broader community sensitization.
Representing ECOWAS’ Director of Free Movement of Persons, Migration and Tourism, Obinna Ajugwo said the initiative demonstrates the organisation’s commitment to translating regional integration policies into tangible benefits for citizens.
He explained that the ECOWAS National Biometric Identity Card plays a critical role in facilitating cross-border travel while enhancing security through modern identity verification systems.
In total, 262 women traders received the biometric cards, a development that was greeted with enthusiasm and appreciation by beneficiaries who rely on daily cross-border trade for their livelihoods.
ECOWAS said the programme forms part of its broader efforts to strengthen border management systems, improve migration governance and advance the free movement of persons across West Africa.
Established in 1975 in Lagos, the regional bloc continues to pursue economic integration and cooperation among its member states, with a long-term vision of building an “ECOWAS of the People: Peace and Prosperity to All by 2050.”
ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border
National News
VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri
VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri
By: Our Reporter
Vice President, Senator Kashim Shettima, Borno State Governor, Professor Babagana Umara Zulum, joined thousands of muslim faithful to observe the Eid prayers at Ramat Square, Maiduguri.
The two units prayer were observed peacefully at the main Eid ground and other prayer grounds across the state under tight security, marking the end of the month-long Ramadan fast.

In a sallah message shortly after the sermon by the Imam Idaini of Borno, Shettiima Mamman Saleh, the Vice President called for unity and peaceful coexistence in the state and the country as a whole.

Senator Shettima assures the Federal Government Gommitment to protecting the lives and properties of the citizenry, stressing that the fight against insurgency would be tackled head-on.
The Imam Idaini admonished worshippers to imbibe the lessons learned during the holy month and encouraged Muslim faithful to give alms to the poor (zakatul fitr) and to fast six days in the month of Shawwal to receive Allah’s bounties and rewards.

Borno State Governor, Professor Babagana Umara Zulum, in a sallah message, called on faithful to recharge their spiritual beings towards rebuilding a secure, peaceful, and prosperous Borno.
He saluted the courage, resilience, and commitment of the people to all initiatives aimed at deepening security and peace-building among the various components of society, fragmented by the Boko Haram insurgency over the years.
The Eid prayer was attended by the Shehu of Borno, Shehu Abubakar Ibn Umar Garbai Almin El-Kanemi; the Borno State Deputy Governor, Umar Usman Kadafur; the APC Deputy National Chairman, North, Senator Mohammed Ali Ndume; and Senator Kaka Shehu Lawan SAN, Minister of State for Regional Development.

Other dignitaries include members of the House of Representatives and the Borno State House of Assembly, former deputy governors, the Secretary to the State Government, Commissioners, APC stalwarts, and other top government officials.
VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri
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