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ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

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ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

…As NEC appeals to organized labour to shelve planned strike

By: Michael Mike

The Vice President, Senator Kashim Shettima, has identified stability as one of the primes in the economic agenda of the Tinubu administration for the year 2024.

This is just as the National Economic Council (NEC) has appealed to the Organised Labour to shelve its planned strike, saying President Bola Tinubu remains committed to the welfare of Nigerian workers.

The Vice President stated that government at the federal, state and local government levels must remain committed to reevaluating their priorities, streamlining processes, and making bold decisions that would reflect key social issues, including social protection, social investment and nutrition.

Senator Shettima stated this on Thursday at the 136th meeting of the National Economic Council (NEC) held in the Council Chamber of the Presidential Villa, Abuja.

NEC, a statutory body that has the mandate to advise the President on the nation’s economic affairs, is chaired by the Vice President, with the Governors of the 36 states of the federation, the Governor of the Central Bank of Nigeria (CBN), Minister of Finance and other stakeholders as members.

In his opening address at the NEC meeting titled, ‘Planning for Stability: Our Agenda for Economic Growth in 2024’, Vice President Shetimma reminded the governors and other members of NEC that the weight of the tough decisions to rescue Nigeria’s economy depends on their cooperation and goodwill.

He noted that what has set President Bola Ahmed Tinubu apart as a Nigerian leader is the courage to embark on fixing the country’s economy through bold reforms.

Identifying stability as a major priority in next year’s economic agenda, the VP said, “It took courage to embark on fixing an economy hindered by decades of political lip service. But that’s what has set President Bola Ahmed Tinubu apart: his bold reforms to reposition the economy and save it from further erosion.

Other highlights of the meeting are as follows;

ACCOUNTS BALANCES:

Excess Crude Account: – $473,754.57

Stabilization Account – N34,936,868,803.58

Development of Natural Resources – N128,330,636,441.14

The Governor of Kogi State and chairman of the Committee on impact of Flood and Disaster Across the States in Nigeria, Yahaya Bello, categorized states based on degrees of damage.

He classified the states as:

Group A
States with over 15 points (most affected)
Anambra, Bauchi, Bayelsa, Benue, Borno, Kogi, Nasarawa, Niger, Rivers, Enugu, Kano, Oyo, Yobe, Zamfara
Group B
States with 10-15 points
Cross River, Delta, Jigawa, Kwara, Ondo
Group C
States with less than 10 points
Katsina, Abia, Adamawa, Akwa Ibom, Bauchi, Ebonyi, Edo, Ekiti, Gombe, Imo, Kaduna, Katsina, Kebbi, Lagos, Ogun, Osun, Plateau, Sokoto, Taraba, FCT.

COUNCIL RESOLUTION:

NEC resolved to develop a roadmap for intervention and directed NEMA to provide immediate intervention on relief to affected states. Roadmap to be developed and articulated by NEC with the Chairman of the Nigeria Governors Forum.

Presentation on the Joint Planning Board (JPB) And National Council on Development Planning (NCDP)

The presentation on the National Council on Development Planning (NCDP) and the Joint Planning Board (JPB) meetings serve as a platform for bringing together Senior Officials from Federal and State ministries, as well as other related Agencies responsible for Budget and Economic Planning, Representatives of the Organized Private Sector, the Academia, Development Partners and Civil Society Organizations to engage in in-depth discussions on economic policy issues, with a view to propose an optimal approach for enhancing economic management processes at both National and Sub-national levels.

B. Status Report on the Implementation of Key Resolutions of the 21st Edition of the JPB/NCDP Meetings

i. The FMBEP should collaborate with the States in the process of designing a template for harvesting the status of implementation of the JPB/NCDP resolutions, factoring the peculiarities of each State. i. The FMBEP should collaborate with the States in the process of designing a template for harvesting the status of implementation of the JPB/NCDP resolutions, factoring the peculiarities of each State.

C. Energy Sufficiency for Sustainable Economic Development: Options for Nigeria

i. Government at all levels should promote the migration of Heavy-Duty Industries/Transport systems from fossil fuel to Gas Infrastructure;

ii. Given the new Electricity Act that empowers States and individuals to participate in all components of the energy sector, State Governments should carry out energy audit to determine Energy needs and explore areas for collaboration with the private sector based on their comparative advantage; iii. States should develop small hydropower plants, on or off-grid, and solar, for communities and MSMEs; iv. The three tiers of Government should institute initiatives for the promotion of attitudinal change regarding energy use, wastage, and theft; and v. The government should promote Research and development, Local Content, New Energy (Hydrogen, Biofuels) Prototype Investments for energy sufficiency.

COUNCIL RESOLUTION:

Council noted that the meeting was successful and approved regular interaction and synergy among commissioners of Economic Planning across the federation.

PRESENTATION ON THE PRESIDENTIAL COMMITTEE ON FISCAL POLICY AND TAX REFORMS

The chairman of the Committee Mr. Taiwo Oyedele made presentation to the NEC on the fiscal policy and Tax Reforms, disclosing that the Committee was set up by His Excellency, President Bola Ahmed Tinubu, GCFR, to review and redesign Nigeria fiscal system with respect to:

(1) Revenue mobilisation, both tax and non-tax

(2) Quality of government spending and

(3) Sustainable debt management in addition, the committee will identify relevant measures to make Nigeria an attractive destination for investment and facilitate inclusive Economic growth.

Deliverables and outcomes

The expected outcomes from the work of the committee will include, but not limited to the following:

  1. Repeal of existing taxes and levies especially those that are suboptimal, obsolete or unduly burdensome and enactment of new harmonised tax laws;
  2. Preparation of a harmonised list of taxes and levies, not exceeding a single digit in number and covering all levels of government;
  3. Review of the 2017 National Tax Policy to produce a new National Policy on Tax and Fiscal Policy for ratification by the federal and state governments;
  4. A national fiscal risk framework for efficient fiscal governance, fiscal consolidation and stability;
  5. Draft bills for constitutional amendments on fiscal matters to promote fiscal federalism;
  6. Enhancements to the revenue administration system to improve revenue mobilization and a robust framework for tax revenue accounting and reporting to improve taxpayer trust;
  7. Establishment of National Office of Tax Ombudsman, Fiscal Policy and Tax Simplification.

COUNCIL RESOLUTION

Council noted the presentation

UPDATES ON PALLIATIVE DISTRIBUTION ACROSS THE STATES

The Governor of Kwara State, Abdulraman Abdulrazaq gave an update on the distribution of palliatives across the States. He told Council that members are making progress and urged them to re-double efforts as states looked forward for more interventions.

ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

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Nigeria Secures Key Commonwealth Role as Bianca Emerges CMAG Vice-Chair

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Nigeria Secures Key Commonwealth Role as Bianca Emerges CMAG Vice-Chair

…Appointment places Foreign Affairs Minister in strategic body monitoring democracy, human rights and rule of law across 56-member Commonwealth

By: Michael Mike

Nigeria has secured a strategic leadership position in the Commonwealth’s democratic governance framework, with Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, appointed Vice-Chair of the Commonwealth Ministerial Action Group (CMAG).

The appointment, announced on Wednesday on the sidelines of the 28th Commonwealth Heads of Government Meeting (CHOGM 2026) in St. John’s, Antigua and Barbuda, places Nigeria in the leadership of a ministerial body responsible for responding to threats to democracy, human rights and the rule of law across the 56-member organisation.

Odumegwu-Ojukwu’s emergence comes as the Commonwealth intensifies efforts to strengthen democratic institutions, promote accountable governance and address political developments capable of undermining its fundamental values.

The group is chaired by Malta’s Minister, Chris Fearne, and comprises foreign ministers serving on a rotating basis to safeguard the political principles underpinning the Commonwealth.

Established in 1995 under the Millbrook Commonwealth Action Plan, CMAG is mandated to assess serious or persistent violations of Commonwealth political values and recommend appropriate collective responses.

Its responsibilities extend beyond responding to military coups and unconstitutional changes of government to include electoral irregularities, restrictions on political participation, suspension of parliaments, interference with judicial independence, human rights abuses and restrictions on the media and civil society.

The group’s mandate was broadened in 2011 to allow more proactive and constructive engagement with member states facing threats to democratic governance, rather than focusing primarily on unconstitutional changes of government.

Odumegwu-Ojukwu’s appointment is expected to give Nigeria a greater platform in Commonwealth deliberations on democratic governance, institutional accountability and the protection of fundamental freedoms.

It also reinforces the country’s participation in shaping collective diplomatic responses to political and governance challenges among member states.

The 28th CHOGM has brought together leaders and representatives of all 56 Commonwealth countries, with King Charles III, Head of the Commonwealth, also attending the week-long summit.

Nigeria Secures Key Commonwealth Role as Bianca Emerges CMAG Vice-Chair

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Okpebholo, Oba of Benin Back Marwa’s Drug War, as NDLEA Moves to Replace Cannabis Farming in Edo

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Okpebholo, Oba of Benin Back Marwa’s Drug War, as NDLEA Moves to Replace Cannabis Farming in Edo

Governor pledges support for agency; monarch seeks stronger collaboration as Marwa mobilises transport unions, religious leaders against substance abuse

By: Michael Mike

The Governor of Edo State, Monday Okpebholo, and the Oba of Benin, Oba Ewuare II, have pledged their support for the National Drug Law Enforcement Agency (NDLEA)’s campaign against substance abuse and illicit drug trafficking, as the agency moves to replace cannabis cultivation with alternative livelihoods in the state.

The two leaders gave the assurances on Wednesday in Benin City when the Chairman and Chief Executive of NDLEA, Brig. Gen. Buba Marwa (rtd), led the agency’s War Against Drug Abuse (WADA) advocacy campaign to Edo State.

At separate meetings with the governor and the traditional ruler, Marwa called for stronger involvement of political, traditional and religious institutions in tackling drug abuse, warning that the scale of the problem required a coordinated, whole-of-society response.

Receiving the NDLEA delegation at Government House, Okpebholo described illicit drugs as a major driver of criminality and urged Nigerians to take collective responsibility for tackling the menace.

“At the root of virtually every crime is the issue of drugs. From our experience, even kidnappers first ask their victims for drugs before demanding ransom. That shows that illicit drug is our enemy,” the governor said.
He commended the NDLEA command in Edo for its operations and pledged his administration’s support for the agency.

“Your officers and men in Edo are doing excellent work. We are ready to work with you, we are ready to partner with you, and we are ready to support you with any request you bring before us,” he said.

The governor was subsequently decorated as a WADA Grand Ambassador in recognition of his commitment to the campaign against drug abuse and trafficking.

Marwa, who commended Okpebholo’s administration for its developmental efforts and position on drug control, said the visit was also aimed at securing the state’s support for the NDLEA’s Alternative Development Programme.

The initiative, introduced last year, seeks to persuade cannabis farmers to abandon illicit cultivation for legitimate agricultural activities capable of providing sustainable livelihoods.

Marwa said the programme’s pilot phase, launched in Ondo State in January, had recorded encouraging results, prompting plans to extend it to Edo, one of the states associated with cannabis cultivation.

He sought the governor’s support for the initiative, alongside additional logistics to strengthen the agency’s operations in Edo.
At the palace of the Oba of Benin, Marwa described drug abuse as one of the three leading challenges confronting Nigeria, disclosing that more than 15 million Nigerians were involved in drug abuse, a prevalence rate he said was about three times the global average.

He warned that substance abuse had spread into schools and communities, including the Benin Kingdom, making the involvement of traditional institutions critical to reversing the trend.

Marwa disclosed that the NDLEA arrested more than 1,200 suspected drug traffickers and seized over 30 tonnes of illicit substances in Edo State last year.
He added that cannabis accounted for 75 per cent of the 16 million kilogrammes of assorted illicit substances seized nationwide by the agency in the last five years, noting that the plant was cultivated locally, with Edo among the producing states.

“It is the job of the NDLEA to enforce the law against drug trafficking, and as well help those who are addicted to drugs with counselling, treatment and rehabilitation. But this is an assignment that we cannot do alone. It is a whole-of-society approach,” he said.

He identified traditional institutions, religious organisations, civil society groups, governments and the media as essential partners, stressing that traditional rulers were particularly influential because of the respect they commanded in their communities.

The NDLEA chairman also acknowledged the Oba’s interventions against social problems, including kidnapping and human trafficking, saying the monarch’s efforts had helped reduce human trafficking in the kingdom.

He appealed to the monarch to encourage communities under his domain to abandon cannabis cultivation and trading and embrace the Alternative Development Programme.

Explaining the initiative, Marwa said Nigeria was the first country in Africa to adopt alternative development as a strategic pillar of drug control, an approach he said had received the endorsement of the United Nations Office on Drugs and Crime (UNODC) and the Federal Government under the Renewed Hope Agenda.

Under the programme, cannabis farmers are encouraged to cultivate legitimate crops such as cassava, yam and maize, with support from the federal and state governments and the NDLEA through farm inputs and community infrastructure, including roads, schools, clinics and water facilities.

He said the initiative was designed to address the economic realities that sustained illicit cultivation by offering farmers viable alternatives.
“The growers themselves have confided in us that they are grateful for this initiative. Even though there is more money in cannabis, they will at least have peace of mind when they cultivate licit crops. With cannabis, they are perpetually ill at ease in their homes with their families for fear of NDLEA,” he said.

Responding, the Oba thanked the NDLEA chairman for recognising the contributions of the Benin Kingdom and its efforts against drug abuse.

He also disclosed plans to forward a written proposal to the agency on ways to improve its operations.
“I have a suggestion that I will make in writing to NDLEA. I would not want to state it here in public. I want to put it quietly as my own thinking on how to improve the work of NDLEA,” the monarch said.

As part of the advocacy campaign, Marwa also met with leaders of the National Union of Road Transport Workers (NURTW) in Edo State, led by Comrade Saturday Oamen, urging them to mobilise their members against substance abuse and drug trafficking.

He called on transport operators to use their networks and influence to sensitise drivers and other members, particularly within motor parks, and collaborate with the agency to keep roads and communities free of illicit drugs.

Marwa was also scheduled to engage religious and civil society leaders as the advocacy campaign continues in the state.

Okpebholo, Oba of Benin Back Marwa’s Drug War, as NDLEA Moves to Replace Cannabis Farming in Edo

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NES president advocates light rail systems across Nigeria

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NES president advocates light rail systems across Nigeria

By: Michael Mike

The President of the Nigerian Environmental Society (NES), Prof. Muhammad Bashar Nuhu, has called for the establishment of light rail systems across Nigeria’s regions to improve accessibility, ease transportation and promote sustainable urban development.

Nuhu made the call at the Nigeria Urban Dialogue, organised by UN-Habitat in collaboration with Hipcity Innovation Centre as part of activities marking Urban October 2026.

Speaking during a panel session themed, “Does the City Around Our Homes Work for Us?”, the NES president stressed the importance of investing in efficient public transportation systems and other critical infrastructure to improve citizens’ quality of life and living standards.

He noted that sustainable urban development requires more than the provision of residential buildings, emphasising that adequate housing must be complemented by reliable transportation networks and supporting infrastructure.

According to him, effective transportation systems are essential for connecting residential communities to workplaces, essential services, economic opportunities and other parts of urban centres.

His contribution highlighted the need for increased investment in public transportation, particularly light rail networks, as well as improved connectivity and accessibility across Nigeria’s cities and regions.

The discussions also underscored the importance of integrated urban planning that considers housing, transportation and essential infrastructure as interconnected components of sustainable city development.

Nuhu’s position reinforced the need for a holistic approach to urban development capable of creating inclusive, accessible, functional and liveable cities.

The NES president’s advocacy aligns with the broader objective of promoting sustainable urban environments where efficient mobility, adequate housing and access to essential services contribute to improved living conditions and the overall well-being of citizens.

NES president advocates light rail systems across Nigeria

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