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VP Shettima To Investors: Nigeria Has Exited Its Phase Of Economic Instability

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VP Shettima To Investors: Nigeria Has Exited Its Phase Of Economic Instability

  • Tasks stakeholders on concrete MoUs, set timelines at Bauchi Investment Summit 2025
  • Says state’s rich natural assets, cultural heritage will boost nation’s tourism, hospitality, creative industries

By: Our Reporter

The Vice President, Senator Kashim Shettima, has assured investors that the most auspicious and convenient time to choose Nigeria as an investment destination is now, saying the nation has exited its phase of economic instability.

He attributed the milestone to the decision made by the administration of President Bola Ahmed Tinubu to get rid of the hurdles that had hitherto clogged the wheels of the country’s economic progress.

Speaking on Wednesday in Bauchi State while declaring open the Bauchi Investment Summit 2025, Senator Shettima noted that the administration assumed office in 2023 with a promise to turn around the fortune of the nation’s economy that was already tottering on the edge of financial crisis, with debt service-to-revenue ratio shooting up to about 100 percent.

He told investors and stakeholders at the two-day summit that under the Tinubu administration, debt service-to-revenue ratio has been reduced to less than 50 per cent, while the GDP growth stood at 4.23 percent as of last month.

“Our non-oil revenues grew by 411 per cent year-on-year in the same month. Our tax-to-GDP ratio now stands at 13.5 per cent, up from barely 7 per cent a few years ago. Our debt-to-GDP ratio remains at 38.8 per cent, far below the limits set by the Fiscal Responsibility Act at 60 per cent, and those of ECOWAS and the World Bank at 70 per cent.

“Our external reserves have grown to 43 billion dollars as of September 2025. Nigeria has exited its phase of economic instability, and I assure investors present here that there is no better time to choose Nigeria,” the Vice President stated.

Explaining why the first decision made by President Tinubu “was to remove those obstacles that had become termites in the timber of” the nation’s progress, VP Shettima said, “You cannot guarantee enduring growth without stability.

“Our predecessors are here to testify to this truth. Each of them endured a fair share of obstacles and pushbacks in their efforts to introduce reforms that set the nation on the path of rediscovery and stability.”

Senator Shettima observed that no system can claim to be suitable for business if it cannot predict the outcome of its investment, maintaining that there can’t be a more potent treatment for a bad economy “than a stable economic stimulus,” which is why the Tinubu administration embarked on bold reforms.

He continued, “It was this dread that inspired our bold reforms to harmonise the exchange rate regime and to dismantle the fuel subsidy structure, an avenue that had become a theatre for round-tripping and rent-seeking, where the privileged few converted the nation’s collective patrimony into their private poverty alleviation scheme.”

“We may spend eternity debating the theories of our inactions, but the truth remains that nobody builds a house in a tsunami.”

The Vice President listed priorities in the administration’s development plan to include job creation, food security, value-chain development, and the unlocking of subnational comparative advantages, even as he pointed out that the plan “is anchored on promises that can only be realised when” stability is achieved.

These priorities, according to him, are inherently rooted in the investment opportunities Bauchi State offers, including “vast arable land and agricultural potential, abundant solid minerals, tourism and game reserves, renewable energy prospects, and improving infrastructure and business-enabling reforms.

“The Federal Government remains resolute in its commitment to ensuring security across the nation because no economy can thrive where fear replaces freedom and where insecurity undermines enterprise,” he added.

Senator Shettima said Bauchi State can spearhead “climate-smart agriculture, commercial outgrower schemes, and agro-processing hubs linked to national and export markets,” with its vast arable land and livestock, among other rich natural resources and cultural heritage that are capable of boosting tourism, hospitality, and the creative industries.

“The solid mineral reserves of this rich state can also enable responsible mining and downstream industrialisation through transparent tendering, geological mapping, and community benefit frameworks.

“Bauchi’s natural assets and cultural heritage can boost tourism, hospitality, and the creative industries, while its renewable energy and gas potential can power industrial clusters through public-private partnerships and off-grid solutions,” he maintained.

Applauding the vision of Governor Bala Mohammed for opening Bauchi State to investment, VP Shettima reaffirmed President Tinubu’s promise that under his watch, the Federal Government will treat “each state as a priority beyond the fiscal glories that accrue from the increased allocations now enjoyed across the federation.

“This is so because an affliction to any state slows down the pace of development in other parts of the nation, and this is the burden of federalism that we must never allow to slow us down. We must either grow together or falter apart,” he added

Declaring the summit open, the VP charged participants and stakeholders “to move beyond talk and commit to concrete memoranda of understanding, set timelines, and appoint joint implementation teams,” to ensure tangible milestones in project execution, insisting that programmes and projects “must align with social and environmental sustainability considerations.”

On his part, former President Olusegun Obasanjo said while the summit is an indication that there is hope for Nigeria, there is a need for partnership as a way of strengthening businesses.

He outlined what he termed the five Ps – Politics, People, Protection, Partnership and Progress, describing them as the bedrock of good investment, just as he expressed worry over the cement situation in Nigeria, calling for more action to strengthen the cement industry.

“Governance must be right because it’s about the people and there must be protection (security), or else investors will not come. There must be strong partnership at the local, community, state, and national levels, as well as the civil society, with the public and private sectors. We need partnership,” he stressed.

For his part, Governor Mohammed thanked the Vice President for always identifying with the state, assuring participants and the people of Bauchi State that the recommendations reached at the summit would be implemented.

The Governor hailed the federal government for establishing the North-East Development Commission (NEDC), which he said is driving development across the six states of the region.

He also assured investors of the safety of their lives and businesses in Bauchi, saying, “We will also utilize partnership and fight corruption in order to enable businesses thrive in our state,” he said.

Also speaking, Chairman of the North East Governors’ Forum, and Borno State Governor, Prof. Babagana Zulum, commended Governor Mohammed for convening the summit, saying Bauchi State’s potential in agriculture is the bedrock for its development.

Urging investors to tap from the available resources as they invest in the state, Zulum said, “Northerners are hospitable. Mineral resources and hydrocarbons are also found here in large quantity. I believe investors will have the opportunity to play around for our future development. There is ease of doing business in Bauchi and the entire North; come and do business here.”

Delivering the keynote address, former Head of Civil Service of the Federation, Mahmud Yayale Ahmed, noted that while leadership is about creating room for others to grow, the current global challenges require serious attention and action.

The erstwhile Secretary to Government of the Federation (SGF) identified education, good governance and human capital development as bases for development at all times, positing that Public, Private Partnership (PPP) and collaboration between the federal and State governments would help boost development.

In his remarks, the Sultan of Sokoto, His Eminence, Abubakar Sa’ad III, regretted that while he had attended a good number of summits in the country, most of them ended with little commitment towards implementation of resolutions.

“What have we achieved? Have we really achieved the goals of such summits? I want to challenge the Governors of Northern states on this. Have we really moved our states and the north forward? I want to challenge all of us to really look inwards. Nobody can take us out of these economic challenges except we, ourselves. The North has everything needed for development,” he said.

The royal father applauded Vice President Shettima’s unflinching support for President Tinubu in leading Nigeria, just as he pledged the support of religious and traditional leaders at all times.

Stressing the need for adequate security, the Sultan said, “Our support is unwavering. But whatever you do, if there’s no security, you can’t really achieve anything,” appealing to all Nigerians to love their country and pray for their leaders instead of cursing them.

Other dignitaries in attendance include representatives of the Governors of Oyo, Gombe, Bayelsa and Jigawa States; former military administrators of Bauchi State, Chris Abutu Garuba and Raji Adisa, and Chairman/Founder of Oriental Energy Resources, Alhaji Mohammad Indimi, among others.

VP Shettima To Investors: Nigeria Has Exited Its Phase Of Economic Instability

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At 30, NHRC Reaffirms Commitment to Protecting All Nigerians

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At 30, NHRC Reaffirms Commitment to Protecting All Nigerians

By: Michael Mike

The National Human Rights Commission (NHRC) has reaffirmed its dedication to safeguarding the rights of all Nigerians as it marks three decades of advocacy, accountability, and service.

Speaking at the NHRC @ 30 Civil Society and Human Rights Defenders Forum and Human Rights Expo, Executive Secretary of the Commission, Dr. Tony Ojukwu highlighted the Commission’s achievements from monitoring detention facilities to shaping national policies on human rights.

Ojukwu stressed that NHRC has remained dedicated to protecting every Nigerian and strengthening its mandate for vulnerable groups.

He said: “As we mark thirty years, we must recommit ourselves to promoting, protecting, and enforcing human rights for all Nigerians, ensuring that every person, regardless of circumstance, can enjoy their rights fully.”

He highlighted key milestones, including national action plans, the National Preventive Mechanism, and leadership in West Africa. He said: “The NHRC has successfully implemented five consecutive National Action Plans and, for the first time in Nigeria, facilitated the adoption of the National Action Plan on Business and Human Rights. We are now designated as the National Preventive Mechanism, strengthening our efforts to prevent torture across the country.”

Ojukwu emphasized the indispensable role of civil society and human rights defenders in the Commission’s work.

“Civil society organisations and human rights defenders have been the backbone of human rights protection in Nigeria. Your courage, advocacy, and relentless commitment have ensured that no violation is ignored and that the NHRC remains accountable and effective,” he said.

He stressed the importance of addressing modern threats to human rights, including technology, climate, and governance issues.

“The future will demand greater attention to emerging issues such as artificial intelligence, digital surveillance, misinformation, and climate-related rights, while ensuring that human rights are fully respected and protected in all areas of governance,” he said.

He also stressed that Nigerians must actively uphold human rights, emphasizing that real progress comes from people, not just institutions.

“Institutions alone do not protect human rights,people do. True progress depends on individuals who refuse to be indifferent, who speak out, and who take action to defend the rights and dignity of every Nigerian,” he said.

Ojukwu called on government, civil society, and citizens to deepen collaboration in tackling emerging challenges such as digital surveillance, climate-related rights, and civic space restrictions.

On his part, the UN Resident and Humanitarian Coordinator, Mohamed Fall, emphasized the National Human Rights Commission’s three decades of steadfast advocacy in protecting human rights, noting its professional and courageous approach in line with international standards.

He said: “For three decades, the Commission has been an indispensable champion of human rights in Nigeria, consistently demonstrating courage, professionalism, and an unwavering commitment to the Paris Principles, serving as a beacon of justice and a stronghold for the vulnerable.”

Fall highlighted the extensive partnership between the UN and NHRC, pointing out the technical support, training, and capacity-building programs that have strengthened the Commission’s independence and operational effectiveness nationwide.

“Over these 30 years, Occupational Safety and Health Administration,OSHA has provided sustained technical assistance, capacity building, advisory services, training, and strategic support that has significantly strengthened the Commission’s independence, investigative mechanisms, monitoring systems, complaint handling processes, and nationwide outreach, helping it grow into one of Africa’s most respected human rights institutions,” he said.

The UN representative commended the leadership of NHRC, particularly its Executive Secretary, for boosting the institution’s credibility, public trust, and regional stature, making it a key player in West African human rights initiatives.

“Under his leadership, the NHRC has reached new heights of effectiveness and public trust, and we congratulate him on his role as chairperson of the Network of National Human Rights Institutions of West Africa, a well-deserved recognition that underscores his regional and continental influence in advancing human rights,” he said.

Fall stressed that NHRC’s 30th anniversary should not only be a celebration but also a moment to renew commitment to democracy, human dignity, and the fight against corruption, ensuring past lessons inspire future action.

“This moment is not just a commemoration of thirty years of existence, but a clear call to recommit ourselves to the ideals of democracy, human dignity, and fundamental freedoms, ensuring that the lessons learned during times of darkness become catalysts for concrete actions in our ongoing quest for a Nigeria where human rights are respected and upheld,” he said.

The European Union ( EU), Ambassador to Nigeria and ECOWAS, Gautier Mignot, emphasized that the European Union values the NHRC’s consistent work over three decades in defending human rights, providing Nigerians with access to justice, and promoting accountability across the federation.

He said: “The Commission’s presence across all states and federations offers Nigerians a reassurance that every citizen can gain access to the Commission in which they can conduct a deep and accountable investigation with a view to the human rights and fundamental freedoms that they value, reflecting the Commission’s enduring commitment to protecting human dignity and justice.”

Mignot highlighted the NHRC’s strategic role in promoting human rights through collaboration with civil society and government actors, leveraging its documentation and data to guide advocacy and reforms.

“The Commission and civil society partners have a strategic role to play in promoting respect for and enjoyment of human rights as guaranteed by the country’s constitution, the African Charter on Human and Peoples’ Rights, and other international human rights instruments, and its monthly Human Rights Situation Classical and the National Observatory of Human Rights provide essential public data to guide effective advocacy and interventions,” he said.

The Ambassador noted the NHRC’s effectiveness in handling complaints and enforcing human rights protections, illustrating its reach and impact with concrete examples such as handling millions of complaints annually.

“Over a 30-year period, the Commission has established itself as the premier defender of people’s rights, handling last year alone 2.5 million complaints on labor rights, gender-based violence, and infractions against women’s rights and freedoms, demonstrating the scope of the Commission and the effectiveness of its services,” he said.

Mignot also stressed the need for evidence-based, public health-centered approaches to challenges like drug abuse, rather than relying solely on criminalization, highlighting NHRC’s role in shaping policy.

“The focus on penalties and the resulting stigma tends to discourage drug users from seeking help, leading to further abuse and mental health issues, and the Commission’s advocacy emphasizes a balanced approach that combines law enforcement with public health strategies, rehabilitation, and community-based interventions to protect the rights and dignity of all affected,” he said.

Law Professor and Senior Advocate of Nigeria (SAN) Prof.Joy Ezeilo emphasized that Nigeria’s return to civilian rule in 1999 was not a gift, but the result of relentless activism and courage by unarmed citizens, civil society, women’s organizations, student unions, and professional associations who demanded accountability despite repression.

“The resilience of civil society, because they didn’t give up, was evident in the civil liberty organizations, the women’s movements, and many others who stood up. Democracy in Nigeria was not handed down as a gift from nature; it was wrested into a system by the courage of unarmed citizens and the persistence of organized groups who risked persecution to demand accountability,” she said .

She highlighted the legal and institutional milestones achieved since 1999, including the new constitution, judicial improvements, and proliferation of NGOs advocating for transparency, accountability, and human rights. However, challenges remain in consolidating democracy and ensuring independent institutions.

“Because of civil society, there has been a proliferation of non-governmental organizations advocating for human rights, transparency, and accountability. Judicial improvement has been observed, yet the independence of the judiciary remains a demand that must be fulfilled, and the legitimacy of our constitution continues to require active engagement from ‘we, the people’ of Nigeria”.

She acknowledged persistent human rights challenges, including impunity by security forces, violence against women and girls, poverty, unemployment, trafficking, and cyber threats.

She stressed the importance of addressing these challenges to protect freedom, dignity, and civic participation.

“Reports of extrajudicial killings, torture, and judicial detention by security agencies continue to surface, while women and girls experience high rates of violence and limited legal protection. Poverty, unemployment, and trafficking exacerbate these vulnerabilities. Democracy must guarantee the dignity and participation of all citizens, including marginalized groups”.

She further emphasized the importance of independent human rights institutions like the NHRC and the support of international bodies such as the UN, African Union, and ECOWAS in monitoring, advising, and ensuring compliance with human rights standards. Effective remedy and institutional autonomy are crucial.

“Today, we are happy that we have an independent human rights institution. Over the past years, it has operated across regimes, documented violations, advised on policy, and engaged in dialogue. International organizations like UN, African Union, and ECOWAS have been the backbone in pushing for accountability and compliance, reminding us that effective remedy and institutional independence are essential to realizing human rights,” she said.

Ezeilo however called for collective responsibility, civic engagement, and continued vigilance to strengthen democracy, protect rights, and ensure that human rights are not just aspirations but a lived reality for all Nigerians.

“As we strive to build a more just society, together we can channel our insights and experiences into a future where human rights are not just aspirations but reality for every Nigerian. The path forward requires unwavering dedication.

At 30, NHRC Reaffirms Commitment to Protecting All Nigerians

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UK, Nigeria Launch Flagship Economic Reform Programmes to Strengthen Stability and Drive Economic Growth

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UK, Nigeria Launch Flagship Economic Reform Programmes to Strengthen Stability and Drive Economic Growth

By: Michael Mike

The British High Commission in Abuja has launched two flagship economic reform programmes – the Nigeria Economic Stability & Transformation (NEST) programme and the Nigeria Public Finance Facility (NPFF) – reaffirming the United Kingdom’s long-term commitment to supporting Nigeria’s economic reform and growth agenda.

Backed by a £12.4 million UK investment, NEST and NPFF sit at the centre of the UK-Nigeria mutual growth partnership and support Nigeria’s efforts to strengthen macroeconomic stability, improve fiscal resilience, and create a more competitive environment for investment and private-sector growth.

Speaking at the launch, Head of Development Cooperation at the British High Commission in Abuja, Cynthia Rowe, said: “These two programmes sit at the heart of our economic development cooperation with Nigeria. They reflect a shared commitment to strengthening the fundamentals that matter most for our stability, confidence, and long-term growth.”

The launch followed the inaugural meeting of the Joint UK-Nigeria Steering Committee, which endorsed the approach of both programmes and confirmed strong alignment between the UK and Nigeria on priority areas for delivery.

Representing the Government of Nigeria, Special Adviser to the President of Nigeria on Finance and the Economy, Sanyade Okoli, welcomed the collaboration: “We welcome the United Kingdom’s support through these new programmes as a strong demonstration of our shared commitment to Nigeria’s economic stability and long-term prosperity. At a time when we are implementing critical reforms to strengthen fiscal resilience, improve macroeconomic stability, and unlock inclusive growth, this partnership will provide valuable technical support. Together, we are laying the foundation for a more resilient economy that delivers sustainable development and improved livelihoods for all Nigerians.”

On his part, the British Deputy High Commissioner in Lagos, Jonny Baxter, highlighted the significance of the programmes within the wider UK-Nigeria mutual growth partnership:

He said: “NEST and NPFF are central to our shared approach to strengthening the foundations that underpin long-term economic prosperity. They sit firmly within the UK-Nigeria mutual growth partnership.”

The launch was attended by senior officials from the Federal Ministry of Finance, Central Bank of Nigeria, Federal Inland Revenue Service, Debt Management Office, Budget Office of the Federation, and international development partners.

UK, Nigeria Launch Flagship Economic Reform Programmes to Strengthen Stability and Drive Economic Growth

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NIS-Flags-Off 2025 Service Delivery Reforms

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NIS-Flags-Off 2025 Service Delivery Reforms

By: Michael Mike

The Nigerian Immigration Service (NIS) has formally launched its 2025 national sensitisation campaign aimed at strengthening transparency, improving efficiency and deepening anti-corruption reforms across its operations nationwide.

The flag-off ceremony, held in Abuja, brought together senior officers of the NIS, representatives of key security agencies, members of the diplomatic community, civil society actors and the media.

The Comptroller General of Immigration, Kemi Nandap emphasised that the campaign, themed: “Elevating for Transparency and Efficiency: Strengthening Service Delivery and Combating Corruption through Reforms,” represents a renewed commitment by the Service to uphold accountability and build a modern, trusted and globally competitive institution.

She said: “This campaign is not merely a slogan. It is our collective pact with Nigerians that service must be transparent, efficient and accountable.”

The CG disclosed that the NIS has expanded its digital architecture to simplify services, automate passport applications and deploy biometric verification systems at national borders.

She said: “Citizens are now able to initiate and track applications with clearer timelines and minimal physical interaction,” adding that: “These reforms have improved processing timelines across commands and significantly reduced opportunities for extortion.”

She further disclosed that passport offices have been restructured nationwide to enhance speed and fairness, supported by a 24-hour call centre, monitored social media channels, and dedicated email platforms to ensure that complaints and enquiries are addressed promptly.

“The worst thing that can happen to anyone is having issues and not knowing where to turn,” she noted. “We corrected that by ensuring Nigerians always have someone listening and responding.”

Reaffirming the Service’s zero-tolerance policy for corruption, the CG announced strengthened internal audits, enhanced enforcement of ethical codes and improved disciplinary measures to deter misconduct.

She said: “Digital payment systems and automated checkpoints now limit cash-based interactions,” she said. “Transparency is not optional it’s the foundation for the work we do.”

She added that officers are undergoing continuous training and process redesign to align with global border management standards.

The CG noted that the NIS has deepened partnerships with sister security agencies, multilateral institutions, migration platforms and the diplomatic corps to support ongoing reforms.

“Change is difficult. Many people resist it,” she said. “But by engaging these agencies and bringing their personnel into our training and sensitisation sessions, they now understand why we are implementing these changes and how to navigate the new systems.”

A major appeal of the campaign is to discourage Nigerians from patronising touts and unauthorised agents.

She said: “You can sit in the comfort of your home and apply for most of our services. Follow our clearly outlined procedures. Do not put yourself at the mercy of anybody.”

She urged the public to use official platforms for enquiries, suggestions and complaints, including phone lines, website portals, social media channels and suggestion boxes.

The CG lamented the killing of NIS officers in the line of duty in Borno, Kebbi and Niger States. She said: “They were attacked by unknown persons while serving their country.”

The CG emphasised that meaningful change requires the collective effort of officers, citizens and stakeholders.

“Efficiency is not achieved by policy pronouncements alone. It requires personal responsibility at every desk, every command and every border post,” she said.

She added that: “The change we seek starts with us. If everyone here decides to do something differently, imagine the transformation we can achieve.”

NIS-Flags-Off 2025 Service Delivery Reforms

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