Connect with us

News

AT 2ND CHRONICLE ROUNDTABLE:

Published

on

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:

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

UNIFEMGA Urges Positive Mindset, National Unity as Key to Nigeria’s Growth

Published

on

UNIFEMGA Urges Positive Mindset, National Unity as Key to Nigeria’s Growth

By: Michael Mike

Members of the Obafemi Awolowo University Muslim Graduates’ Association (UNIFEMGA) have called on Nigerians to embrace positive thinking, patriotism and collective responsibility as essential ingredients for national transformation and sustainable development.

The association made the call in a communiqué issued at the end of its 2026 Annual National Re-union held at Obafemi Awolowo University, Ile-Ife, Osun State, between May 8 and May 10.

The conference, themed “The Potential Within Nigeria: Positive Mindset and Communication for Success,” brought together Muslim professionals, academics, business leaders and alumni from across the country to deliberate on issues affecting national development, education, governance and economic growth.

The communiqué, signed by the National President of the association, Mohamed Buari, and the National Secretary, Sefiu Ikudaisi, stressed that Nigeria possesses abundant human and material resources capable of transforming the country into a global economic and political force if citizens adopt the right mindset and attitudes.

According to the association, negative narratives, disunity and poor value orientation have continued to undermine the country’s enormous potential.

It noted that Islam encourages development, innovation and the pursuit of knowledge capable of improving the quality of life, provided such advancements remain within the ethical boundaries prescribed by the religion.

The conference commenced with a special Jumat service at the OAU Central Mosque of Unity and a courtesy visit to the Vice-Chancellor of the university, Adebayo Simeon Bamire, and other principal officers of the institution.

During the visit, discussions centred on issues of mutual interest, with the university management reportedly commending the association for its contributions to the growth and development of the institution.

A major highlight of the reunion was the presentation of scholarships worth N14.6 million to 140 students of the university as part of the association’s welfare and educational support programme.

UNIFEMGA disclosed that since the introduction of the scholarship initiative in the 2009/2010 academic session, it has disbursed over N103.4 million to 1,148 students of the institution.

The association also launched a N200 million endowment fund targeted at supporting widows and orphans of members under its welfare scheme.

The event featured a networking dinner sponsored by the Chairman of the Board of Trustees of the association, Rafiu Ebiti, focusing on value-driven entrepreneurship and investment opportunities.

The reunion lecture was delivered by the Director-General of the National Orientation Agency, Lanre Issa-Onilu, while the Managing Director and Chief Executive Officer of Matrix Energy Group, Abdulkabir Adisa Aliu, chaired the occasion.

Also in attendance were representatives of the Osun State Government, including Governor Ademola Adeleke, represented by his Senior Special Assistant on Religious Affairs, Bello Adeniyi, as well as the Pro-Chancellor of the university, Adejare Bello.

The association expressed concern over the growing challenges confronting tertiary education in Nigeria, including brain drain, obsolete learning equipment, unstable academic calendars and outdated curricula.

It urged the government to urgently address the problems and transform the current “japa” trend into an opportunity for “brain gain” capable of enhancing national productivity and innovation.

UNIFEMGA further called for stronger collaboration between universities and the private sector to ensure sustainable research, innovation and technological advancement.

On the economy, the association urged governments at all levels to create an enabling business environment through improved electricity supply, infrastructure development and investment in human capital.

It also stressed the need to tackle unemployment, warning that many jobless youths are vulnerable to manipulation by individuals promoting violence and instability.

The association said that a positive national mindset remains the foundation for building a prosperous and united Nigeria, urging citizens to embrace values that promote peace, productivity, discipline and national cohesion.

UNIFEMGA Urges Positive Mindset, National Unity as Key to Nigeria’s Growth

Continue Reading

News

NSITF Restoring Hope to Injured Nigerian Workers Through Compensation Scheme — Faleye

Published

on

NSITF Restoring Hope to Injured Nigerian Workers Through Compensation Scheme — Faleye

By: Michael Mike

The Nigeria Social Insurance Trust Fund (NSITF) has intensified efforts to restore dignity, confidence and economic relevance to Nigerian workers injured in the line of duty through its Employees’ Compensation Scheme (ECS), with the Managing Director and Chief Executive Officer of the Fund, Oluwaseun Faleye, declaring that no worker should be abandoned after suffering workplace accidents.

Faleye made the declaration in Abuja during the presentation of prosthetic limbs to 10 beneficiaries under the Fund’s rehabilitation and reintegration programme, describing the intervention as a practical demonstration of government’s commitment to social protection and workers’ welfare.

Represented by the General Manager, Claims and Compensation, Mrs. Nkiru Ogunnike, the NSITF boss said the scheme has continued to serve as a lifeline for workers whose lives were disrupted by industrial accidents, occupational diseases and other work-related hazards.

He stressed that the Employees’ Compensation Scheme was not designed merely to pay compensation, but to restore injured workers physically, emotionally and psychologically so they could reintegrate into society with renewed confidence.

According to him, many workplace accidents leave victims permanently altered, with some battling emotional trauma, social stigma and uncertainty about their future livelihoods.

“For many Nigerian workers, a single workplace incident can permanently alter the course of their lives. Through the intervention of the NSITF as administrators of the ECS, affected workers are given a second chance to rebuild their lives and regain independence,” he said.

Faleye cited the case of Daniel Etim, a staff member of the University of Uyo Printing Press, whose arm was amputated after it became trapped in an industrial machine during routine work in May 2024.

He explained that the NSITF not only covered Daniel’s medical expenses under the Employees’ Compensation Scheme but also provided him with a prosthetic arm to aid his rehabilitation and restore his functionality.

“Beyond the payment of medical bills, the Fund extended further rehabilitative support by providing him with a prosthetic arm, reaffirming its commitment not only to compensation but also to restoring dignity, confidence and functionality to injured workers,” he stated.

Faleye also recounted the experience of Festus Okpara, an employee of Tower Aluminium Laos, who lost his hand in a workplace accident in 2015 and endured years of emotional distress and social discomfort.

According to him, the provision of a silicone prosthetic hand by the NSITF has helped Okpara regain confidence and interact freely in public once again.

“Beyond the trauma of the accident itself was the constant public attention, the quizzical looks and the pitying stares that made social interactions difficult. The intervention of the NSITF has helped restore his sense of inclusion and self-worth,” he added.

One of the beneficiaries, Festus Okpara, expressed appreciation to the Fund for what he described as life-changing support.

“I thank NSITF for coming all this way to help. At least with this, I can go out in public and feel free. NSITF has reduced the level of trauma,” he said.

The latest intervention is part of the ongoing rehabilitation and reintegration programme of the NSITF, under which 78 beneficiaries have recently been fitted with artificial limbs.

The Employees’ Compensation Scheme was established under the Employees’ Compensation Act of 2010 to provide compensation for workers who suffer injuries, disabilities, diseases or death arising from workplace activities.

The scheme, funded through employer contributions, was introduced to replace the defunct Workmen’s Compensation Act and broaden social protection for Nigerian workers in both the public and private sectors.

Over the years, labour stakeholders have repeatedly raised concerns over poor workplace safety standards in several sectors of the economy, especially manufacturing, construction and heavy industry, where industrial accidents remain prevalent.

Analysts say the increasing intervention of the NSITF in rehabilitation and compensation is gradually strengthening confidence in Nigeria’s social insurance system and drawing attention to the need for stricter enforcement of occupational safety measures across workplaces.

For many beneficiaries, however, the interventions represent something deeper than compensation — a restoration of hope after tragedy.

NSITF Restoring Hope to Injured Nigerian Workers Through Compensation Scheme — Faleye

Continue Reading

News

Troops eliminates several ISWAP Attackers in failed attempt on Gonori, Recover Weapons in Borno

Published

on

Troops eliminates several ISWAP Attackers in failed attempt on Gonori, Recover Weapons in Borno

By: Zagazola Makama

Troops of Operation Hadin Kai (OPHK) have repelled a late-night attack by suspected ISWAP terrorists on the Forward Operating Base of the 120 Task Force Battalion in Gonori, Borno State.

Military authorities said the failed attack occurred between late Saturday, May 9, and the early hours of Sunday, May 10, 2026, under Sector 2 of the North-East counter-insurgency operation.

The terrorists were said to have advanced toward the location from the Mandunari axis at about midnight but were detected early by troops on ambush positions.

Security sources disclosed that troops immediately launched a coordinated spoiling attack, forcing the insurgents into a heavy exchange of fire before air support from the Air Component of Operation Hadin Kai and the Nigerian Army Aviation joined the operation.

The combined air-land assault reportedly inflicted heavy casualties on the fleeing terrorists, while troops successfully defended the camp without any breach or loss of equipment.

Exploitation of the general area after the encounter reportedly revealed blood trails, body parts and several terrorist corpses within the vicinity, indicating significant casualties among the attackers.

Troops also recovered one General Purpose Machine Gun (GPMG), two PKT machine guns, five AK-47 rifles, belts of assorted ammunition and other items abandoned by the insurgents.

Military authorities confirmed that some soldiers sustained injuries during the encounter but were stable and receiving medical attention.

They added that exploitation and pursuit operations were ongoing to track fleeing terrorists and consolidate gains recorded during the operation.

The military said the latest failed attack further demonstrated the operational readiness of troops and the continued pressure being mounted against terrorist groups across the North-East theatre.

Troops eliminates several ISWAP Attackers in failed attempt on Gonori, Recover Weapons in Borno

Continue Reading

Trending

Verified by MonsterInsights