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AT 2ND CHRONICLE ROUNDTABLE:

Published

2 years ago

May 3, 2024

Ochuwa Ibrahim

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:

Related Topics:President Tinubu Taking Wise Statesmanly Decisions - Assures VP Shettima

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Zulum: Consensus Remains Preferred Option for APC Primaries in Borno

Published

1 hour ago

May 15, 2026

Ochuwa Ibrahim

Zulum: Consensus Remains Preferred Option for APC Primaries in Borno

By: Our Reporter

Borno State Governor, Babagana Umara Zulum, has called on aspirants seeking various elective positions under the All Progressives Congress (APC) and party stakeholders to adopt consensus as the preferred mode for candidate emergence ahead of the party primaries.

The APC primary elections are scheduled to commence on Friday, 15 May, with the House of Representatives primaries and climax on Saturday, 23 May, with the presidential primaries.

Governor Zulum made the call on Thursday during a critical stakeholders’ meeting held at the Multipurpose Hall of the Government House in Maiduguri, stressing that consensus remains the most viable option for strengthening party unity.

“Let me start by appreciating all our stakeholders for the support and commitment to advancing the course of our great party, APC, and our administration,” Zulum said.

“As we prepare for the party primaries, which will commence on Friday, I want to remind all our aspirants contesting various elective positions that consensus is the best and most viable option for the party in our state. However, if we are unable to arrive at a consensus, we will go for direct primaries,” he added.

The governor further emphasized his commitment to democratic principles, assuring stakeholders that no candidate would be imposed on any constituency.

“As a democrat, I will not force any candidate on a particular constituency, but rather encourage us to continue consultations with stakeholders for consensus candidates to emerge,” Zulum stated.

He urged aspirants to reflect on the past, project better opportunities in the future and maintain party loyalty, noting that those who may not secure tickets in the 2027 elections could still have chances ahead.

Governor Zulum also announced that aspirants who voluntarily withdraw from contests would be considered for appointments and other opportunities at both the federal and state levels.

To facilitate consultations across the state, the governor constituted zonal consultative committees headed by the Deputy Governor, Umar Usman Kadafur, for the Southern Zone; APC Deputy National Chairman (North), Ali Bukar Dalori, for the Central Zone; and Senator Mohammed Tahir Monguno for the Northern Zone.

Governor Zulum also formally presented the APC consensus governorship candidate, Mustapha Gubio, to stakeholders, fulfilling the promise he made during the high-level stakeholders’ meeting held on 25 April.

APC Deputy National Chairman, Hon Ali Bukar Dalori, and State Chairman of the Party, Hon. Bello Ayuba, all re-echo the need for consensus as the means of primary election in the state.

They emphasized that consensus will strengthen party cohesion and unity in the run-up to the 2027 general elections.

The meeting was attended by prominent personalities, including Deputy Governor Umar Usman Kadafur, the APC consensus Gubernatorial candidate, Engr Mustapha Gubio, APC Deputy National Chairman (North), Hon. Ali Bukar Dalori, Former Governor, Senator Maina Ma’aji Lawan, Senators Mohammed Tahir Monguno, Mohammed Ali Ndume, and Kaka Shehu Lawan SAN, serving and former members of the House of Representatives, APC state chairman, former Nigerian Ambassador to China, Amb. Baba Ahmed Jidda, Speaker, Borno State House of Assembly, and other members of the House.

Others include the Secretary to the state government, the acting Chief of Staff, the Commissioner’s designate, Special Advisers, Local Government Chairmen, APC party executives, and other stakeholders.

Zulum: Consensus Remains Preferred Option for APC Primaries in Borno

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Justice Crack’s bail plea suffers setback as two lawyers clash in court over representation

Published

2 hours ago

May 15, 2026

Ochuwa Ibrahim

Justice Crack’s bail plea suffers setback as two lawyers clash in court over representation

By: Michael Mike

The bail application filed by
Chidiebere Justice Mark, popularly known as Justice Crack, on Thursday suffered a setback at the Federal High Court in Abuja after two lawyers, Femi Balogun and Marshall Abubakar, clashed over who to represent him.

Justice Joyce Abdulmalik had, on May 4, fixed today for hearing of Mark’s bail request shortly after he was arraigned by the Department of State Services (DSS) and pleaded not guilty to a three-count charge.

The adjournment followed an application by Mark’s lawyer, Marshall Abubakar, who told the court of the need to admit his client to bail pending trial.

The DSS had, in the charge marked: FHC/ABJ/CR/253/2026, sued Crack, as sole defendant over alleged cybercrime offences linked to a viral video concerning the Nigerian Army.

Mark was alleged to have circulated a false information and publication of materials capable of causing public unrest.

The defendant, who was reportedly arrested by the Nigerian Army, was accused of publishing the viral video and accompanying statements through his X handle, @JusticeCrack, alleging inadequate feeding of Nigerian soldiers.

When the case was called on Thursday, Leyii Abueh, from the Federal Ministry of Justice, informed the court that the Attorney-General of the Federation (AGF) had taken over the matter from the DSS in line with the relevant section of the law.

However, things took a dramatic twist as Femi Balogun and Abubakar stood up to announce appearance for the same Crack.

Balogun told the court that he was briefed by Mark’s family to take up the case.

He notified the court about the defence bail application already filed.

However, Abubakar stood his ground, insisting that he was the defendant’s lawyer, who had been appearing in the case and he had not been disengaged from handling Crack’s matter.

Justice Abdulmalik then asked the defendant to identify his lawyer and Mark pointed at Balogun.

Against this development, Abubakar applied to withdraw all the processes he filed in respect of the case, including the bail application which Balogun had relied on.

The judge struck out the processes filed by Abubakar and adjourned until May 18 for hearing of the fresh bail application.

Justice Crack’s bail plea suffers setback as two lawyers clash in court over representation

News

Nigeria, Germany Deepen Strategic Partnership €65 Million Development Package, €300 Million Credit Facility and Expanded Economic Cooperation Announced

Published

2 hours ago

May 15, 2026

Ochuwa Ibrahim

Nigeria, Germany Deepen Strategic Partnership €65 Million Development Package, €300 Million Credit Facility and Expanded Economic Cooperation Announced

By: Michael Mike

Nigeria and Germany have reinforced their long-standing development and economic partnership with new commitments spanning financial cooperation, private sector investment, skills development, energy transition, agriculture, and digital transformation.

The renewed collaboration was reaffirmed during high-level bilateral engagements and the signing of a Summary of Record in Abuja, where both governments reviewed progress in ongoing programmes and agreed on expanded areas of cooperation aimed at strengthening Nigeria’s reform and development agenda.

Nigeria’s Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, described the partnership as a key milestone in Nigeria–Germany relations, noting that it reflects shared priorities anchored on mutual respect, sustainable development, and inclusive economic growth.

He expressed Nigeria’s appreciation to the Government of Germany, including the Federal Ministry for Economic Cooperation and Development (BMZ), Federal Ministry for Economic Affairs and Energy, KfW Development Bank, GIZ, and other implementing partners, for what he described as constructive and forward-looking negotiations.

A major outcome of the engagements is Germany’s commitment of approximately €65 million in new financial and technical cooperation across agreed priority sectors. In addition, both countries discussed a proposed €300 million export credit guarantee framework, designed to mobilize private investment and expand long-term financing for strategic infrastructure and development projects in Nigeria.

Officials from both sides said the financing arrangements are intended not only to provide direct support but also to unlock broader capital flows into key sectors of the Nigerian economy.

The expanded partnership prioritizes agricultural transformation, climate and energy transition, skills development, health systems strengthening, and inclusive economic growth.

German institutions and private sector actors including Siemens and SAP played a visible role in the engagement, showcasing ongoing projects in Nigeria. Siemens highlighted its involvement in energy sector skills development and power infrastructure-related initiatives, while SAP presented digital solutions aimed at modernizing tax administration and strengthening Nigeria’s digital governance systems.

The German delegation, led by Africa Director at BMZ, Mr. Philip Knill, also referenced ambitions to support large-scale skills development programmes, including proposals aimed at training up to one million Nigerians in technical, digital, and vocational competencies to enhance productivity and employment outcomes.

Both sides acknowledged Nigeria’s ongoing economic reforms under the Renewed Hope Agenda, including macroeconomic stabilization efforts, energy sector reforms, healthcare transformation, and initiatives to improve the investment climate and stimulate private sector-led growth.

Knill expressed confidence in Nigeria’s reform trajectory, describing the country as a key partner in Africa with significant potential for industrial expansion, agricultural modernization, and energy transition.

Nigeria, in turn, reaffirmed its commitment to ensuring that all agreed programmes are nationally owned, properly coordinated, and aligned with long-term development frameworks, including the National Development Plan 2026–2030 and Agenda 2050.

As part of the broader engagement, German officials undertook field visits and technical discussions with Nigerian ministries and agencies, including energy infrastructure sites and development programme locations.

They highlighted existing cooperation outcomes, noting that joint Nigeria–Germany programmes have already supported hundreds of thousands of smallholder farmers, improved access to training, and strengthened thousands of small and medium-sized enterprises across the country. These interventions, they said, have contributed to increased incomes and improved productivity in key sectors.

In the energy sector, both sides discussed ongoing efforts to expand generation capacity and improve transmission systems, with Germany expressing readiness to continue supporting Nigeria’s power sector reforms and renewable energy ambitions.

A key feature of the engagement was the emphasis on development cooperation as a catalyst for private sector investment, innovation, and job creation. Officials stressed that future cooperation must go beyond aid, focusing instead on leveraging private capital and building sustainable economic partnerships.

Knill also noted the importance of strengthening economic ties between Europe and Africa in the context of global instability, including conflicts, supply chain disruptions, and climate-related challenges.

Both governments described the agreements not as an endpoint, but as the beginning of deeper implementation-focused cooperation.

German officials emphasized a “signing today, implementation tomorrow” approach, underscoring the importance of translating agreements into measurable development outcomes. Nigeria echoed this position, reaffirming its commitment to ensuring effective coordination and delivery of agreed programmes.

The renewed Nigeria–Germany partnership marks a significant step in strengthening bilateral cooperation across economic, technological, and development sectors. With fresh financing commitments, expanded private sector involvement, and a shared focus on structural reforms and human capital development, both countries say they are positioning the partnership for greater impact in the years ahead.

The engagement is expected to accelerate ongoing programmes and open new pathways for investment, innovation, and sustainable growth across Nigeria’s priority sectors, particularly energy, agriculture, digital economy, and skills development.

Nigeria, Germany Deepen Strategic Partnership €65 Million Development Package, €300 Million Credit Facility and Expanded Economic Cooperation Announced