News
AT 2ND CHRONICLE ROUNDTABLE:
AT 2ND CHRONICLE ROUNDTABLE:
- President Tinubu Taking Wise, Statesmanly Decisions – Assures VP Shettima
- Lists subsidy removal, other policies as options taken to save Nigeria
- Says nation’s economy will witness positive changes after the sacrifices
By: Our Reporter
Again, Vice President Kashim Shettima has implored Nigerians to be patient with the administration of President Bola Ahmed Tinubu as he steers the ship of state through the economic turbulence and storm he met on ground on assumption of office.
“Soon, Nigeria’s economy will experience significant growth once we’ve overcome these sacrifices. Positive changes will soon be evident across all economic indicators – inflation, per capita income, GDP numbers, poverty reduction, food security, and all aspects close to the hearts of our people,” he declared.
Senator Shettima made the appeal on Thursday during the 2nd Chronicle Roundtable organized by 21st Century Media Services, publishers of 21st CENTURY CHRONICLE, as part of its public service enlightenment series, at Ladi Kwali Hall, Abuja Continental Hotel, Abuja.
The Vice President who was the Guest Speaker at the roundtable explained some key policy decisions taken by the Tinubu administration as well as its Economic and Social Agenda, including the removal of subsidy on petroleum products, which he described as the ‘biggest elephant in the room’ before President Tinubu took charge.
Appealing for patience and time to address the serious challenges he said they met on ground, especially the nation’s ailing economy which was already tottering towards an eclipse, Shettima said, “We look forward to the positive impact on the economy that will be brought by some of our new initiatives in the oil and gas sector, creative arts sector, the newly rejigged steel and solid minerals sectors, our housing sector, the blue economy, and the digital sectors, to mention but a few.
“There is no doubt that there’s a time to plant and a time to reap. In between those times, we appeal for patience and seek collective sacrifice from all, especially from us. We wish there were a way to treat this ailment without surgery”.
While delivering his speech titled, “Because These Shortcuts Are Not The Right Ways,” the VP noted that though the decision to remove fuel subsidy was quite tough considering its negative impact on the lives of the citizens, it became an inevitable option when it was discovered that the immediate past administration of former President Muhammadu Buhari did not make provision for it in the 2023 budget.
He explained: “His Excellency, President Bola Ahmed Tinubu, chose the option that would save the life of the nation, instead of one that would merely prolong its imminent and predicted economic death. Before we took charge, the biggest elephant in the room was the question of fuel subsidy removal.
“We understood why our predecessor made the decision to remove it and refused to budget for it in their final fiscal year. The year before we took office, Nigeria’s debt service-to-revenue ratio had grown to 111.8%. The anticipated debt crisis may sound like fancy economic jargon to the man on the street, but you and I are in a better position to understand how such miscalculations have played out in other countries. It’s an economic death sentence.
“In plain terms, our debt servicing was such that if you earned, say, N100,000, the entirety of the money wasn’t only paid to your debtor; you were forced to borrow an additional N11,800 to pay the debtor. How do you intend to survive this, and how many more loans before you become a pariah?
“We are not even discussing the nation’s budget deficits, diversions of resources from critical sectors of the economy, and corruption masterminded in the subsidy regime.”
Acknowledging that government is a continuum, the VP said whoever had “succeeded the previous government would have either chosen to steer the ship through the storm as President Tinubu is doing or jumped ship and let the country implode.”
He observed that those who contested the presidency with President Tinubu did not feel morally justified to question the decision to remove fuel subsidy because it was part of the solutions they also tabled before Nigerians.
“This was because, whether in handling the subsidy matter or the forex crisis, they had also promised the solutions we had adopted. Those who attempted to eat their words were instantly proven wrong by data, history, and their antecedents—those emotionless reality checkers,” he pointed out.
Senator Shettima regretted that for long Nigeria had endured economic sabotage, leading to the resolve by Governor of the Central Bank of Nigeria, Mr. Yemi Cardoso, and the National Security Adviser, Malam Nuhu Ribadu, “to take matters into their hands to neutralise the overpowering influence of currency manipulators who had conspired to frustrate our reforms.
“Today, I stand proud to say that their interventions have translated into desired results, and Naira’s pushback against all odds is an inspiring journey that doesn’t have to be learned in Buenos Aires, as some would want us to do,” he added.
Earlier in his opening remarks, chairman of the Ministry of Finance Incorporated and former Finance Minister, Dr Shamsudeen Usman, praised the content of the Renewed Hope Agenda of the Tinubu administration, describing it as one of the most detailed and carefully crafted policy document in the history of the country.
He stressed the need for the Renewed Hope Agenda document to be reviewed and integrated into the medium and long-term development framework of the country, noting that policy consistency with a long-term vision to transform critical sectors of the economy, is the way to go.
Dr Usman also commended the administration’s establishment of a central coordination delivery unit to track the performance of programmes, policies and key interventions of the Federal Government, insisting that the monitoring of key performance indicators in the policy document was critical to the success of the government.
On his part, the CEO of 2nd Chronicle Newspaper, Malam Mahmud Jega had while welcoming guests to the event, said the need to critically analyse government policies and programmes was not just an expectation from the media but indeed borne out of the necessity to collectively contribute in shaping the nation’s development trajectory.
Also present at the event were the Minister of Information, Alhaji Mohammed Idris; Special Adviser to the President on Political Matters, Dr Hakeem Baba Ahmed; Chairman of 21st Century Chronicle, Amb. Gbara Awanen; notable leaders in the media industry, Dr Ishaq Moddibo Kawu; Mallam Garba Shehu; Mr Segun Adeniyi, and Malam Mahmud Jega, among others.
AT 2ND CHRONICLE ROUNDTABLE:
News
KACRAN Condemns School Kidnappings
KACRAN Condemns School Kidnappings
…Appeals for Immediate Release of Students
By: Michael Mike
The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has condemned the recent tragic kidnapping of secondary school students in Kebbi and Niger States.
The group in a statement signed by its National President, Khalil Bello named Ted that the issue has become a major national concern, highlighted by the decision of President Bola Tinubu to cancel his scheduled trip to South Africa for the G20 Economic Summit to focus on the crisis at home.
Bello said: “The most regrettable aspect of this deeply disturbing incident is that it targets innocent secondary school students. These are children who have left their parents for the first time to attend boarding school, pursuing an education that is vital for the future development of their states, Nigeria, and the world.
“Furthermore, we must consider the lasting emotional and psychological trauma being inflicted upon these young victims. The suffering of their parents and relatives, who are enduring days of uncertainty, hunger, and heartbreak, is a grave humanitarian crisis that threatens their health and overall well-being.”
He addd that: “The Federal Government’s subsequent directive to close over 40 Federal secondary schools across the country, along with closures ordered by the Niger and Katsina State governments, represents a significant educational setback. This is particularly alarming for the Northern region, which is already struggling with a high rate of out-of-school children. KACRAN is profoundly concerned that the perpetrators of this unholy act are now turning their unlawful attacks on vulnerable children who deserve the highest levels of protection.
“The aforementioned incident, which prevented our visionary President from attending the G20 meeting—an event of crucial importance to Nigeria’s global image—is a painful economic and reputational loss for the nation. KACRAN highly appreciates the serious concern and sympathy Mr. President has demonstrated towards the victims and their families.
“At this juncture, KACRAN reiterates its strong condemnation of all acts of violence in the country, especially the unacceptable kidnapping of innocent students. We passionately appeal to the kidnappers to fear the Almighty God and contemplate the day of judgment. As an act of clemency, sympathy for the victims and their families, and for the restoration of our national pride, we urge them to kindly and immediately release these poor students and return them safely to their parents. Nothing is gained from the suffering of small children and their poor families.”
KACRAN called on all Nigerians, regardless of tribe, religion, political affiliation, or region, to reject all forms of violence. “We must embrace one another as one beloved family and unite to firmly develop an indivisible Nigeria, ensuring that our children and grandchildren inherit a better country.
“Finally, while once more commending President Bola Ahmed Tinubu for his government’s sincerity and total commitment to securing the immediate release of these students, we respectfully request him, as a caring father to all, to accept and urgently implement KACRAN’s comprehensive proposal on how to easily resolve insecurity problems in the North-West and North-Central regions within six months.”
KACRAN Condemns School Kidnappings
News
G20 Summit: President Tinubu Demands Equity In Global Mineral Trade, AI Governance
G20 Summit: President Tinubu Demands Equity In Global Mineral Trade, AI Governance
** Says wealth of critical minerals must translate into shared prosperity in Africa
** Seeks fair handling of global financial flows, recurring debt crises
** Urges world leaders to take bold steps in reforming international financial architecture
By: Our Reporter
President Bola Ahmed Tinubu has called for a global framework that benefits communities hosting critical minerals in Nigeria and Africa, ensuring value addition at the source.
This is coming just as Nigeria also backed the creation of global ethical standards for Artificial Intelligence (AI), aimed at accelerating development across the world.
President Tinubu made the call at the Third Session of the 2025 Group of 20 (G20) Leaders’ Summit, held at the Johannesburg Expo Centre, South Africa, themed “A Fair and Just Future for All: Critical Minerals, Decent Work, Artificial Intelligence.”

The President, who was represented by Vice President Kashim Shettima, highlighted that for Nigeria and Africa, critical minerals are more than natural deposits, as they hold the promise of industrial transformation for the continent.
The Nigerian leader stressed that while the possession of resources alone does not guarantee prosperity, relevant authorities and stakeholders must ensure that the extraction and trade of critical minerals are governed by fairness, transparency, and accountability.
President Tinubu emphasised that such responsible extraction and trade are necessary to ensure that the wealth generated from hosting communities translates into shared progress.
He said: “Nigeria calls for a global framework that promotes value addition at the source, supports local beneficiation, and ensures that communities hosting these resources are not left behind.
The issue before us reaches far beyond the narrow arithmetic of economics and speaks to the moral character of the world we aspire to build.”
The Nigerian leader further stated that as the world advances through green and digital transitions, progress must remain people-centred.

“Decent work is the anchor that makes these transitions fair, inclusive, and sustainable. It is the foundation of development that ensures every person has the opportunity to contribute, thrive, and share in national prosperity,” he added.
President Tinubu disclosed that Nigeria, through the Renewed Hope Agenda, is investing in future-ready skills by empowering Nigerian youths through digital literacy, vocational training, and entrepreneurship.
For a fair and just future, President Tinubu urged G20 leaders to deepen collaboration on technology transfer, capacity building, and inclusive investments that prioritise human dignity over profit alone.
On artificial intelligence, which has immense potential to accelerate development globally, the President said the task before G20 leaders, development partners, and governments is to ensure that AI remains a servant of humanity, not a force that reshapes society at the expense of those it ought to uplift.
According to the Nigerian President: “Nigeria supports the creation of global ethical standards for AI that uphold safety, transparency, and equity,” the President said, adding, “We must ensure that AI becomes a tool of empowerment, not exclusion; of job creation, not displacement.”
To harness AI’s job creation and empowerment potential, the President called for deliberate partnerships between developed and developing nations, between the public and private sectors, and between innovation and inclusion.
“The G20 must therefore address systemic bias and foster sustained multilateral dialogue to ensure that the benefits of AI are shared equitably and its risks responsibly managed,” he added.
The President noted that within a broader vision of shared responsibility and global stewardship, critical minerals, decent work, and artificial intelligence are bound by a single calling, which is to shape an economy that uplifts rather than excludes; an economy that measures its strength not only by growth but by the dignity it affords every human being.
He urged the G20 leaders and partners to build a future where Africa is not merely a supplier of raw materials, but a continent of value creation, innovation, and dignity in work.
Similarly, President Tinubu has asked world leaders to come up with a more equitable and responsive system to manage global financial flows and sincerely address the recurring debt crises in a manner that meets the needs of all nations.
This, he said, had become necessary because many developing countries still grapple with systemic barriers restraining economic growth, as well as weakening trade and limiting financial inclusivity.

The Nigerian leader, who is represented at the global event by his deputy, Vice President Shettima, regretted that the multilateral frameworks, currently being relied on, no longer reflect the complexities of the present world, as the were “built in an era far removed from” the present challenges,
In his statement delivered on his behalf by VP Shettima, the Nigerian President pointed out that this year’s theme of the summit, bordering on “inclusive and sustainable economic growth, trade, financing for development and the debt burden, speaks to the realities of developing nations.”
Demanding a fair deal for Africa and other developing countries of the world, he stated: “For trade to be truly inclusive, the G20 must take bold and deliberate steps towards reforming the international financial architecture and the global institutions that sustain it.
“Only a more equitable and more responsive system can manage global financial flows with fairness, address recurring debt crises with sincerity and meet the needs of all nations, especially those in the Global South who have too often stood at the margins of global opportunity.”
President Tinubu said it would be difficult for Africa to realise a positive paradigm shift “in its development trajectory without a collective resolve of the G20,”
He noted that the continent cannot rise on the wings of aspiration alone without confronting the persistent regional challenges confronting it, particularly “the urgent need for sustainable financing to ensure the effective implementation of our developmental priorities.”
The Nigerian leader observed that rising debt burdens have continued “to drag economies back into cycles of fragility,” transforming “local difficulties into global vulnerabilities.”
Accordingly, he implored the G20 to place debt sustainability and the responsible utilisation of critical minerals at the heart of its agenda for inclusive development.
“The G20 must, in adopting the Leaders’ Declaration, take with utmost seriousness the responsibility to advance policies that drive sustainable growth, promote financial inclusion and confront emerging risks,” he added.
G20 Summit: President Tinubu Demands Equity In Global Mineral Trade, AI Governance
News
Three killed as hoodlums attack hunters, burn huts in Adamawa community
Three killed as hoodlums attack hunters, burn huts in Adamawa community
By: Zagazola Makama
Three persons have been killed after armed hoodlums launched attacks on hunters and residents in Song Local Government Area of Adamawa State, authorities confirmed on Friday.
Sources told Zagazola Makama that the incident began at about 3:20 p.m. when local hunters from Barkin Sajo, under the Miyetti Allah hunters association, pursued suspected cattle rustlers into the Mayo Suno forest.
According to the source, a gun duel ensued between the hunters and the hoodlums, resulting in the death of one of the hunters, identified as Buji Alhaji, 40.
He explained that the attackers later moved to Maigero village, where they set seven thatched huts in the local market ablaze before shooting and killing two residents: Alhaji Haruna and Iliya Dabba.
He said security operatives visited the scene and evacuated the bodies to the Cottage Hospital, Song.
The sources added that efforts were ongoing to track down the perpetrators, while the police Criminal Investigation Department (CID) had been assigned to conduct a discreet investigation into the incident.
End
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