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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
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
By: Our Reporter
The Managing Director of the Nigerian Education Loan Fund NELFUND, Akintunde Sawyerr, has visited Borno State to engage with students, educators, and government officials, highlighting the benefits of the NELFUND initiative.
NELFUND, an initiative of President Bola Ahmed Tinubu’s Renewed Hope Agenda, aims to provide all higher institution students with access to financial resources, enabling them to pursue their educational goals and aspirations at ease.
The Managing Director NELFUND Akintunde Sawyerr emphasized his commitment to revitalizing education in the country, stating that the loan programme is designed to also reduce unproductivity and unhappiness amongst Nigerians students, which often lead to broader societal issues.
Sawyerr explained The loan’s modalities, which include creating an online profile as a prerequisite for application, clarifying that the loan is interest-free and does not require a fixed repayment period, making it accessible and flexible for students.
Borno State Commissioner for Education, Science, Technology, and Innovation, Lawan Abba Wakilbe, reiterated the state government’s commitment to facilitating student access to the loan, hence announced the establishment of a dedicated desk officer for NELFUND in the state Ali Sherriff to work in collaboration with the Special Adviser to governor Zulum on Higher Education and other educators.
This initiative, Wakilbe added will guide students throughout the application process and ensure they fully understand THE benefits of the loan, which he described as a low-risk grant and encouraged all eligible students to take advantage of the programme.
During the session, questions were raised seeking further clarification, where the Managing Director provided detailed responses, shedding more light on the programme and its benefits.
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
News
STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
By: Our Reporter
The Nigerian Army Resource Centre (NARC), Abuja, marked yet another significant milestone, as participants of the Strategic Leadership Programme Phase 11/2024 successfully graduated in a brief but colourful ceremony at Hall C, TY Buratai Block of the Centre.
The graduation ceremony followed an intensive five-day executive education course programme, conducted in collaboration with King’s College London, an initiative designed to enhance human resource capacity and deepen participants’ understanding of leadership in an evolving global environment.
The course brought together senior officers of the Armed Forces of Nigeria, government officials, retired senior military officers and professionals from the private sector, equipping them with critical insights into the contemporary complex and dynamic challenges and how to navigate through.
The Special Guest of Honour, Acting Chief of Army Staff, Lieutenant General OO Oluyede GSS mni was represented by the Chief of Training (Army), Major General SG Mohammed, who presented certificates to the participants, thus underscoring the programme’s importance in fostering strategic thinking and professional growth.
The event was further enriched by the esteemed presence of the Director General of NARC, Major General GA Wahab (Rtd), PhD, alongside some management staff the centre and consultants, distinguished members of academia from King’s College London, directors, resource persons, and senior officers, both serving and retired.
The ceremony, further highlighted the enduring partnership between NARC and King’s College London in advancing leadership excellence and human capital development in Nigeria.
STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
News
MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
By: Our Reporter
On Thursday, 21st November 2024, the Nigerian Army Resource Centre (NARC), Abuja, welcomed students from Madonna University, Department of International Relations on an academic field trip designed to enhance their understanding of the practical dimensions of International Relations and Diplomacy. The visit formed a core part of the students’ academic programme, specifically their International Relations Study (IRS) 482 course, which integrates practical learning to bridge the gap between theory and real-world applications.
Major General GA Wahab (rtd) PhD, the Director General of NARC, delivered a compelling presentation titled “Impact of the Military on Nigeria’s External Relations.” He outlined the military’s significant contributions to Nigeria’s foreign policy and international engagement, emphasising its role as a crucial pillar of national power. General Wahab further explained that a country’s foreign policy is deeply influenced by internal factors such as leadership, national security, public opinion, economic conditions, and social structures, as well as external factors, including international relations and global order. He stressed the importance of aligning internal stability with foreign policy goals to foster effective international diplomacy.
The interactive session allowed students to explore the military’s strategic role in Nigeria’s external engagements and its impact on global diplomacy. Accompanied by two faculty members, the students expressed appreciation for the hands-on learning opportunity, which deepened their understanding of how theoretical concepts translate into practical realities.
In his vote of thanks, the team leader, Dr Jude Odigbo, Head, international relations department, thanked the DG NARC for the warm reception, wonderful and enriching presentation and the collaboration between academia and strategic institutions like NARC. He highlighted the importance of such partnerships in developing graduates equipped with practical knowledge and leadership skills necessary for national development.
The field trip underscored the Nigerian Army Resource Centre’s commitment to fostering academic and professional collaboration while promoting awareness of the military’s multifaceted contributions to Nigeria’s development and diplomacy. This initiative serves as an exemplary model of how academic institutions and national establishments can work together to prepare future leaders.
Present at the occasion were Major General AS Ndalolo mni, the Executive Director Consult at NARC, Brigadier General SK Usman (rtd) mni and Lieutenant Tosin Taiwo.
MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
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