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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:
Troops score major victory against terrorists in Kadam Forest, Sokoto
By: Zagazola Makama
Troops of the Chief of Army Staff (COAS) Special Intervention Battalion 7, in collaboration with the 8 Division Strike Team under the Joint Task Force North West Operation FANSAN YAMMA, have recorded a significant operational success following a decisive engagement with a notorious terrorist network in Kadam Forest, Tangaza Local Government Area, Sokoto State.
Zagazola report that the operation was launched after credible intelligence revealed that over 100 terrorists, linked to the Lakurawa extremist group, had gathered deep within Kadam Forest to plan attacks on local communities and transport kidnapped victims to their hideouts.
Acting on the intelligence, troops swiftly mobilised to intercept the terrorist movement, establishing contact at approximately 1200 hours.
The ensuing firefight was intense and sustained, with the terrorists attempting a rear-flanking manoeuvre. Troops responded decisively with superior firepower, maintaining tactical dominance and effectively neutralising the immediate threat.
Exploitation operations into the forest confirmed the neutralisation of three terrorists, while several others were believed to have sustained gunshot injuries during their escape.
Security forces recovered one PKT machine gun, two AK-47 rifles, 350 rounds of PKT ammunition, 111 rounds of 7.62 special ammunition, three magazines, two radios, three motorcycles, and a mobile phone. Follow-up operations are ongoing to ascertain additional enemy casualties and recover further arms and equipment.
The Force Commander of Operation FANSAN YAMMA praised the troops’ professionalism and high morale, describing the engagement as a testament to the effectiveness of intelligence-driven, joint security operations in degrading terrorist networks and disrupting their operational capabilities.
He emphasised that aggressive patrols and sustained operations would continue across the general area to prevent fleeing terrorists from regrouping and launching further attacks on communities and transport routes.
“The commitment and courage of our troops remain unwavering. Operations like this demonstrate that the security of citizens is our priority, and we will continue to disrupt and dismantle terrorist networks wherever they operate,” the commander said.
The operation has reinforced confidence among residents of Tangaza and surrounding areas, highlighting the Nigerian Army’s resolve to ensure safety and stability across Sokoto State.
Troops score major victory against terrorists in Kadam Forest, Sokoto
NEDC finance director takes development to improve living conditions of people in Yobe.
By: Yahaya Wakili
The Director of Finance and Admin. of the North East Development Commission (NEDC), Dr. Abubakar Garba Illiya, PhD, FMNG, has made numerous achievements in providing infrastructure facilities to improve the living conditions for the people of Yobe State since he was appointed to that position
The developmental projects provided by Dr. Garba Illiya include the construction and rehabilitation of schools, primary healthcare centers, and water supply in both rural and urban areas with a view to improving the livelihoods of the people of Yobe State.
Dr. Abubakar Garba Illiya, PhD, FMNG, also constructed and rehabilitated numerous rural roads in some local government areas across the state to facilitate the movement of goods and services.
However, Dr. Illiya also accords the same commitment to the schools by procurement of instructional materials as well as construction and rehabilitation of schools destroyed by Boko Haram insurgency across the northeast region.
“Dr. Illiya’s intervention, the NEDC, has contributed tremendously to increasing food sufficiency and food security in Yobe State and the North East by procuring farm inputs and implements as well as providing enough fertilizers and tractors to farmers.
He also assisted youths and women with the capital for business with empowerment initiated for self-employment and also distributed foodstuffs and other humanitarian assistance to Internal Displaced Persons (IDPs) affected by the Boko Haram insurgency in the region.
Dr. Abubakar Garba Illiya further sent youths for training in different categories, like training in phone repairs, welding, tailoring, carpentry, and others, to be self-reliant and assisted them with take-off funds for capital businesses.
He made all these achievements with a view to improving the lives of the peoples of Yobe State and the northeast region after recovery from the Boko Haram insurgency destruction.
NEDC finance director takes development to improve living conditions of people in Yobe
Police neutralise three bandits in Benue , rescue senator after attack on convoy
By: Zagazola Makama
The Police in Benue says have neutralised three suspected bandits during a gun battle following the killing of a 67-year-old man in Katsina-Ala Local Government Area of the state.
Security sources said the incident occurred on March 7 at about 7:30 p.m., when armed bandits loyal to a local kingpin identified as “Chen” had abducted one Zaki Sughter Agenbeer, 67, from his residence in Une Tongov community.
The attackers reportedly took the victim into the bush and killed him after accusing him of providing information about their activities to security agencies.
The DPO Katsina-Ala, in collaboration with the DPO Ukum, subsequently mobilised patrol teams and tactical units to the area. Police operatives later engaged the bandits in a gun duel during which three of the suspects were neutralised.
The corpse of the slain victim was recovered and deposited at the Zaki Ibiam Hospital mortuary, while security operatives have commenced a combing operation in nearby bushes to track down other fleeing suspects.
Meanwhile, the police also confirmed an attack on the convoy of Sen. Udende Emmanuel, representing Benue North-East Senatorial District, during a visit to Tsua town in Vandekiya Local Government Area for a church service.
Sources said some youths from Vandekiya allegedly attacked the senator’s convoy and damaged one of the vehicles.
The Divisional Police Officer in Vandekiya quickly mobilised to the scene and successfully rescued the senator from the situation.
In a related development, some youths also disrupted a thanksgiving service at Tsemke Church in Vandekiya, destroying plastic chairs before police intervened.
Police authorities said the swift deployment of operatives helped to de-escalate the tension and restore normalcy in the area.
Additional patrol and tactical teams have been deployed to Vandekiya to ensure law and order and facilitate the arrest of those responsible for the disturbances.
The State Criminal Investigation Department (SCID) has commenced investigations into both incidents.
Police said the general security situation across Benue State remains relatively calm, while security agencies continue monitoring developments.
Police neutralise three bandits in Benue , rescue senator after attack on convoy
Troops score major victory against terrorists in Kadam Forest, Sokoto
NEDC finance director takes development to improve living conditions of people in Yobe
Police neutralise three bandits in Benue , rescue senator after attack on convoy
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