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ActionAid says Nigeria’s economy could face major fiscal crisis

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ActionAid says Nigeria’s economy could face major fiscal crisis

ActionAid says Nigeria’s economy could face major fiscal crisis

ActionAid has raised an alarm that Nigeria’s economy could face a major fiscal crisis with increasing financing of the fiscal deficit with borrowings.

A press statement issued by the non-governmental organisation on Tuesday after a virtual meeting to review the State of the Nation by its General Assembly Members lamented that the public fiscal deficit, financed mostly by domestic and foreign borrowings, widened with high debt service payments, estimated at more than half of federally collected revenues, pose a major fiscal risk to Nigeria’s economy.

Other observations coming from the meeting are that Nigeria is currently faced with an unprecedented wave of different but overlapping security crises – from kidnapping to extremist insurgencies, lamenting that almost every corner of the country has been hit by violence and crime with the growing insecurity being closely linked to the high rate of poverty in the country.

Also Read: Northern governors convene in Kaduna, Discusses Security…

Attendees of the meeting also described as unhealthy the ongoing strike of medical doctors across the country being the fourth time since the outbreak of the COVID-19 pandemic, with some of them complaining they are owed salaries for several months. They lamented that many Nigerian media outlets are reporting that patients – some with COVID-19 symptoms – are being turned away at short-staffed hospitals.

They however said the ongoing Review of the 1999 Constitution offers the opportunity for Nigerians to shape the constitution with the goal that it reflects the desires and aspirations of the citizens, stressing that some of the provisions to be considered vital for the uplifting of the status of citizens include Socio-Economic and Cultural Rights as contained in Chapter 2 of The constitution, issues of Gender Equality and a thorough reform of the Nigeria Police.

They observed that the Twitter ban by the Federal Government has had severe economic costs, stating that it is a step backwards for civic engagements and threatens the civic space which has continued to shrink in recent years.

They however recommended that the rising public debt, unemployment, inflation, and high cost of living require the immediate embracing of fiscal federalism in absolute terms, noting that this will enable the country to break the vicious cycle of poverty, eliminate the wholesale dependence on oil which makes Nigeria a monolithic economy.

They also advised that the cracking of the nation’s current security challenges requires increasing the manpower and welfare of all security agencies and equipping them with modern combat equipment, skills, and training, urging the government renew its partnership with neighboring countries to enhance intelligence exchange and information sharing that would help in quelling the insurgency and other sundry crimes, while calling for the state-of-the-art combat Tucano and Alpha jets newly acquired to be deployed immediately to help in further neutralizing the criminal elements with precision and bring the protracted insurgency to an end. 

They urged the federal and state governments to explore different models to improve the work environment for medical practitioners, adding that health insurance must be made mandatory with sound mechanisms to prevent corruption for universal health care coverage. 

On the constitution review, they asked that the non-justiciability of the provisions of chapter 2 of the 1999 constitution should be reviewed and amended by removing the non-justiciable character and make them enforceable in line with international treaties which have been domesticated in Nigeria.

ActionAid says Nigeria’s economy could face major fiscal crisis

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Jonathan, Marwa, Onyema, 16 Others to Be Honoured at DICAN Conference

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Jonathan, Marwa, Onyema, 16 Others to Be Honoured at DICAN Conference

By: Michael Mike

A convergence of Nigeria’s diplomatic community, security stakeholders, policy experts, and scholars is set to take place in Abuja on Wednesday, July 23, 2025, as the Diplomatic Correspondents Association of Nigeria (DICAN) hosts the first-ever Diplomatic/Security International Conference, focusing on the intersection of diplomacy, national security, and Nigeria’s 4D Foreign Policy Strategy: Democracy, Development, Demography, and Diaspora spearheaded by the Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar.

This groundbreaking gathering, themed “Nigeria’s 4Ds Foreign Policy Strategy Amidst Global Security Challenges, Strategic Misperceptions, and the Age of Disinformation: The Role of Diplomacy, Intelligence, and Media in Shaping National and Global Stability.” is a timely response to the growing need for informed, cross-sectoral collaboration in safeguarding Nigeria’s sovereignty and global interests.

It will bring together seasoned diplomats, representatives of foreign missions, security chiefs, media professionals, researchers, and civil society actors to dissect key issues shaping the nation’s international engagement and internal stability.

Chairman of DICAN, Idehai Frederick, described the conference as a bold intellectual platform aimed at bridging the gap between security policy, diplomatic action, and media accountability.

According to him, “Nigeria is undergoing a deep recalibration of its foreign policy doctrine under the 4D framework. We believe the media has a crucial role in amplifying these strategies, while experts and diplomats must align security and diplomacy with real-time global shifts. This conference offers that synergy.”

He said in recognition of outstanding contributions to diplomacy, peacebuilding, national cohesion, and security sector reforms, DICAN will present the prestigious DICAN Award of Excellence to 20 distinguished personalities and institutions who have demonstrated unwavering commitment to Nigeria’s progress and international stature.

Among those to be honoured are:

Former President Dr. Goodluck Ebele Jonathan, for his enduring efforts in peace diplomacy and conflict resolution across Africa;

Retired Brigadier General Buba Marwa, Chairman of the National Drug Law Enforcement Agency (NDLEA), for his trailblazing anti-narcotics reforms;

Allen Onyema, Chairman of Air Peace, for fostering regional connectivity, crisis evacuation, and supporting national diplomacy through aviation logistics;

The Embassy of the Arab Republic of Egypt in Nigeria, for its consistent diplomatic engagement and support for bilateral cooperation.

Others on the honour list include top security operatives, humanitarian actors, and institutions whose work has strengthened Nigeria’s international presence and internal security architecture.

The conference, will feature keynote addresses, panel discussions, and thought leadership sessions, with prominent speakers including: Ambassador Yusuf Tuggar, Nigeria’s Minister of Foreign Affairs (Chief Host), The Minister of Defence, The Minister of Interior, Ambassador Gautier Mignot, Head of the European Union Delegation to Nigeria and ECOWAS,

The Ambassador of the Arab Republic of Egypt to Nigeria, Mohamed Fouad,

As well as Nigeria’s Service Chiefs and select heads of foreign missions.

DICAN, as the umbrella body for journalists covering the diplomatic and foreign affairs beats in Nigeria, views this international conference not just as a media initiative, but as a national dialogue to reinforce Nigeria’s place in global diplomacy while confronting existential security challenges.

According to Idehai, “We are living in an era where diplomacy is not just about embassies and bilateral meetings. It is now an essential tool in combating transnational threats, shaping economic development, and projecting national interest. This conference creates that rare space for reflective, inclusive discourse.”
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VP SHETTIMA AT FIDAU PRAYER FOR BUHARI

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VP SHETTIMA AT FIDAU PRAYER FOR BUHARI:

Late ex-President Pursued Justice With Sincerity

** Says Tinubu-led FG will continue to protect dignity of the Buhari family, Katsina people

By: Our Reporter

The Vice President, Senator Kashim Shettima, has said the late former President Muhammadu Buhari pursued justice with the utmost sincerity.

And in death, according to Senator Shettima, the late Buhari has also proved to the world that he was, indeed, one of the greatest sons of Africa.

The Vice President stated this on Thursday during the 3rd day prayers (Fidau) offered for the repose of the soul of the former Nigerian leader, at his residence in Daura, Katsina State.

“Ibn Khaldun reminds us that the goal of civilisation is the attainment of justice. Justice is the bone that holds human society together. It was justice, as he understood it, that President Muhammadu Buhari pursued – often misunderstood, but always with sincerity.

“When you are in power, your friends know you; when you are out of power, you know your friends. In death, President Muhammadu Buhari has proved to the world that he is, indeed, the greatest son of Africa. May Allah grant his soul eternal rest and reward him with Aljannah. May Allah forgive his shortcomings,” he prayed.

On behalf of his boss, President Bola Tinubu, VP Shettima expressed gratitude to Governor Dikko Radda of Katsina State for the reception and kind gesture accorded to the Federal Government delegation throughout their stay in the state.

“We have been together with the governor right from London to Nigeria. He gave a warm reception and all the necessary support,” he said, adding that President Tinubu is personally pained by the loss of his friend, brother and political soulmate.

The VP assured that the Federal Government, under the leadership of President Tinubu, “will continue to protect the image and dignity of Buhari’s family and the entire people of Katsina State.”

He revealed that he will proceed to Abuja with the family of the late former President to attend a Special Valedictory Federal Executive Council (FEC) in honour of the deceased.

Earlier, the governor of Katsina State, Malam Dikko Radda, said the deceased rendered selfless service to the nation, maintaining that nobody can dispute the fact that he was an honest and just person.

He thanked President Tinubu and Vice President Shettima for honouring the remains of late President Buhari, saying, “We, the people of Katsina State, don’t have a word to thank the Federal Republic of Nigeria.

“We appreciate President Bola Ahmed Tinubu, who has shown compassion, respect for the people of Katsina State and the nation entirely. Tinubu has allowed 25 members of his cabinet, under the leadership of Vice President Shettima, to be in Katsina State. The 25 Ministers supported us at this trying moment, and we also thank the President for declaring a public holiday on the day Buhari was laid to rest,” Governor Radda added.

Also, the Minister of Information and National Orientation, Alhaji Mohammed Idris, said the late Buhari has an important place in the national history of Nigeria, appealing to all Nigerians to continue to pray for the repose of the soul of the former President, as reminded by Islamic clerics.

“We want to thank all of you on behalf of the 25 ministers, as directed by Mr President, for finding time to offer prayers for our President and also participate in this national assignment. Indeed, former President Buhari belongs to Daura, Katsina, Nigeria, and the world,” the minister said.

Earlier, the prayer session was opened by the former Minister of Communication and Digital Economy, Prof. Ali Pantami, who emphasised the need for constant prayers for all the departed souls, including late President Buhari.

Pantami further observed that prayer for the departed soul should not be restricted to a number of days.

Similarly, the Minister of State Agriculture, Senator Aliyu Abudullahi, on behalf of the members of the Federal Executive Council (FEC), prayed Almighty Allah to cover the grave of Buhari with mercy and admit him into Aljannah.

Islamic scholars who offered prayer include Prof. Ibrahim Makari of the Abuja National Mosque; Sheikh Yahaya Jingir, Bishop of Katsina; Mamman Musa; Khalifa Mohammad Nasir; and Malam Hassan Daura, among others.

Other dignitaries present at the prayer session are former Vice President Namadi Sambo; Governor Babagana Zulum of Borno State; former Secretary to Government of the Federation, Ambassador Babagana Kingibe; former Minister of Justice, Abubakar Malami (SAN); Ambassador Adamu Daura; former Katsina State Governor, Aminu Masari; former Zamfara State Governor, Senator Abdulaziz Yar’adu, and former National Security Adviser, Babagana Monguno.

Others are former Director-General, National Intelligence Agency (NIA), Ahmed Rufai; Business Mogul, Mohammed Indimi; Buhari’s nephew, Mamman Daura, former FCT Minister, Muhammad Bello, the Emirs of Katsina, Daura and Bade; the Sultan of Maradi from the Niger Republic, and thousands of sympathisers from various walks of life.

VP SHETTIMA AT FIDAU PRAYER FOR BUHARI

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Vice President Shettima Joins President Tinubu, African Leaders for Burial of Former President Buhari in Daura

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Vice President Shettima Joins President Tinubu, African Leaders for Burial of Former President Buhari in Daura

By: Our Reporter

Vice President Kashim Shettima on Tuesday joined President Bola Ahmed Tinubu and other African leaders in Daura, Katsina State, for the burial of former President Muhammadu Buhari, who passed away on Sunday, 13 July 2025, in a London hospital.

Earlier in the day, President Tinubu received the remains of the former President at the Umaru Musa Yar’Adua International Airport in Katsina, where he inspected a military guard of honour before the Nigerian Air Force jet conveying the casket arrived at 1:51 p.m.

The casket, draped in the Nigerian flag, was conveyed by a senior military pallbearer team led by Major General Mike Alechenu, and wheeled in a solemn procession to the hymn “God Be With You Till We Meet Again,” flanked by a full military guard of honour.

Vice President Shettima had accompanied the body of the late President from London, alongside the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, the late President’s widow, Hajiya Aisha Buhari, and close family members.

Upon arrival in Daura, the remains of President Buhari were received by a large crowd of mourners chanting praises of Allah and offering prayers for his soul. The body was later interred at his private residence in a ceremony attended by a cross-section of dignitaries and ordinary citizens alike.

President Tinubu and Vice President Shettima were joined at the burial by former Vice President Yemi Osinbajo, President Umaro Sissoco Embaló of Guinea-Bissau, Prime Minister of Niger Republic Ali Lamine Zeine, and former President of Niger Issoufou Mahamadou. Also in attendance were governors, ministers, service chiefs, former governors, captains of industry, Islamic clerics, and representatives from across the continent, including an envoy of the President of Chad.

Vice President Shettima Joins President Tinubu, African Leaders for Burial of Former President Buhari in Daura

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