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AT 2ND CHRONICLE ROUNDTABLE:

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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:

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Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

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Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

By: Michael Mike

The government of Cuba has accused the United States of escalating economic warfare against the island nation following a sweeping new executive order and fresh sanctions that Havana says could worsen an already severe humanitarian and economic crisis.

In a strongly worded statement issued Thursday in Havana, Cuba’s Ministry of Foreign Affairs condemned the May 1, 2026 Executive Order signed by the White House, describing it as one of the harshest measures imposed against the communist nation in decades.

The Cuban government also denounced a subsequent decision by the United States Treasury Department on May 7 to place Cuban conglomerate Gaesa and mining company MoaNickel S.A. on the List of Specially Designated Nationals, effectively cutting them off from the American financial system and exposing foreign businesses dealing with them to possible secondary sanctions.

Havana described the move as a “ruthless act of economic aggression” aimed at tightening the long-standing United States blockade against Cuba and isolating the country from global trade and financial networks.

According to Cuban authorities, the latest measures threaten to deepen the island’s economic hardship at a time when the country is already battling chronic shortages of fuel, food, medicine and foreign exchange.

The Foreign Ministry argued that the sanctions go beyond bilateral relations between Washington and Havana by attempting to punish foreign companies, banks and governments that maintain economic ties with Cuba.

“The sovereign right of all states that have or wish to maintain economic, commercial and financial relations with Cuba is being explicitly attacked,” the statement declared.

Cuba accused senior United States officials, particularly the Secretary of State, of using intimidation and political pressure to force the international community into compliance with the blockade policy.

The statement further alleged that the new measures were intended to provoke economic collapse and social unrest within Cuba.

Havana warned that worsening economic pressure could create conditions for instability and potentially serve as justification for more aggressive actions against the island.

The Cuban government also accused Washington of attempting to manufacture a humanitarian crisis capable of triggering political upheaval.

The latest confrontation marks another sharp downturn in relations between the two Cold War-era adversaries whose ties have fluctuated between cautious engagement and hostility over the last six decades.

The United States first imposed trade restrictions on Cuba in the early 1960s following the Cuban Revolution led by Fidel Castro and the subsequent nationalisation of American-owned assets on the island. Relations deteriorated rapidly after Cuba aligned itself with the former Soviet Union during the Cold War.

In 1962, Washington formalised a broad economic embargo against Cuba, arguing that the measures were necessary to pressure Havana toward democratic reforms and respect for human rights.

Over the decades, the sanctions evolved into one of the world’s longest-running economic blockade regimes, affecting trade, banking, investment and travel.

Although there were signs of rapprochement during the administration of former President Barack Obama — including the restoration of diplomatic relations and the easing of some restrictions — many sanctions were later reinstated and expanded under subsequent administrations.

In recent years, Cuba has faced mounting economic difficulties caused by declining tourism revenues, inflation, fuel shortages and limited access to international credit markets.

The Cuban government has consistently blamed the United States embargo for worsening living conditions on the island, while Washington maintains that Havana’s centrally controlled political and economic system is primarily responsible for the country’s struggles.

The renewed sanctions are expected to intensify debates within the international community, where many countries and global organisations have repeatedly called for an end to the embargo.

For more than 30 consecutive years, the United Nations General Assembly has overwhelmingly voted in favour of resolutions urging the United States to lift its economic blockade against Cuba, describing the measures as harmful to ordinary citizens and contrary to international law.

Despite the growing pressure, both governments remain firmly entrenched in their positions, raising fears that tensions between Havana and Washington may continue to escalate in the coming months.

Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

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NSCDC Smashes Interstate Car Theft Network, Arrests Syndicate Members Linked to Over 160 Stolen Vehicles

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NSCDC Smashes Interstate Car Theft Network, Arrests Syndicate Members Linked to Over 160 Stolen Vehicles

By: Michael Mike

Operatives of the Commandant General’s Special Intelligence Squad (CG’SIS) of the Nigeria Security and Civil Defence Corps have dismantled a sophisticated interstate car-snatching syndicate allegedly responsible for stealing and trafficking vehicles across several states, arresting multiple suspects and recovering stolen automobiles and dismantled vehicle parts.

The operation, described by security officials as one of the most significant breakthroughs against organised vehicle theft networks in recent months, followed intelligence reports linking the syndicate to coordinated car-snatching activities spanning the Federal Capital Territory, Nasarawa State, Kaduna State, Benue State, Kogi State and Plateau State.

The crackdown was ordered by the Commandant General of the NSCDC, Ahmed Audi, following what the Corps described as rising concerns over the activities of organised criminal groups targeting motorists and vehicle owners on interstate routes.

According to a statement issued by the NSCDC National Headquarters in Abuja on Friday, operatives of the CG’SIS acted on credible intelligence provided by informants and launched a coordinated operation that led to the arrest of key members of the syndicate.

According to the spokesman of NSCDC, Afolabi Babawale, those arrested include Hassan Bukar; Adam Musa, popularly known as Yellow; Ibrahim Haruna, alias Biggie; Adamu Mohammed; Sahal Abdullahi Aliyu; and Abubakar Yusuf, while several other members of the network are said to be on the run.

According to him, investigations by the Corps revealed that the syndicate allegedly specialised in stealing vehicles and supplying them to scrap dealers and vehicle spare parts merchants who dismantled the automobiles to destroy identifying traces and frustrate recovery efforts by owners and security agencies.

The NSCDC said the criminal network had developed a coordinated system for laundering proceeds from the illegal trade through cash payments and Point of Sale transactions in a bid to evade detection.

Commander of the CG’SIS, Commandant Apollo Dandaura, disclosed that five shops located within the Zuba Scrap Market in Abuja had been sealed as part of the ongoing investigation.

He further revealed that operatives recovered an already dismantled Toyota Camry allegedly sold for ₦1.15 million.

Dandaura said the operation exposed an extensive criminal supply chain involving vehicle thieves, middlemen, scrap dealers and buyers spread across several states.

According to him, the NSCDC remains determined to dismantle criminal syndicates threatening public safety and economic stability across the country.

“The Commandant General has directed that investigations be intensified to ensure every member of this network is tracked down and prosecuted,” he said.

One of the major breakthroughs in the investigation came from the interrogation of a suspect identified as Abdulsalam Isa, who allegedly confessed to serving as a courier and facilitator for a fleeing suspect, Ismail Haruna, also known as “Malam na TK.”

Investigators alleged that Isa admitted collecting stolen vehicles from suppliers operating in different parts of the country, including Gwagwalada and Ugwako.

The suspect reportedly disclosed that during the Ramadan period this year, he accompanied Ismail Haruna to Sauka over disputes relating to unpaid proceeds from stolen vehicle transactions involving another suspect identified as Dangwari.

According to the NSCDC, Isa further confessed that Haruna repeatedly instructed him to receive stolen vehicles at strategic locations including Sauka Bridge, Airport Bridge and Zuba Bridge.

Operatives eventually arrested Isa at Zuba Bridge while allegedly attempting to take delivery of another stolen vehicle.

The Corps also disclosed that financial records obtained during the investigation allegedly revealed consistent transactions between Isa and Ismail Haruna, strengthening claims that the suspects operated a coordinated payment structure for stolen vehicles.

Investigators said the evidence gathered so far established a prima facie case against the suspects for offences bordering on criminal conspiracy, theft, belonging to a gang of brigands, dishonestly receiving stolen property and concealment of stolen property under relevant provisions of the Penal Code.

The NSCDC alleged that Hassan Bukar, one of the principal suspects, was arrested in Keffi on April 3, 2026, with a stolen Toyota Corolla.

During interrogation, Bukar allegedly confessed to involvement in the theft and trafficking of more than 160 vehicles since 2014.

Investigators claimed he acted as a major link between vehicle thieves and buyers across the network and allegedly sold a stolen white Toyota Corolla LE to another syndicate member known as Dangwari for ₦900,000, with payments traced to his account.

Another suspect, Adam Musa, alias Yellow, was accused of participating in the purchase and resale of stolen vehicles for at least two years.

The NSCDC alleged that vehicles linked to his operations included a Honda Civic, Toyota RAV4, Toyota Camry and Toyota Sienna.

Musa was also accused of criminal breach of trust involving a vehicle allegedly entrusted to him for sale.

Similarly, investigators alleged that Adamu Mohammed operated as an intermediary and workshop owner who facilitated the disposal of stolen vehicles without documentation while retaining commissions from the transactions.

Another suspect, Sahal Aliyu Abdullahi, was accused of purchasing and dismantling stolen vehicles, including a Toyota Camry recovered during the operation.

Security analysts say the operation highlights the growing sophistication of organised vehicle theft syndicates operating across Nigeria and the increasing involvement of scrap markets and illegal spare parts dealers in the disposal of stolen automobiles.

The NSCDC said efforts were ongoing to apprehend fleeing suspects and dismantle the wider criminal network behind the interstate car theft ring.

NSCDC Smashes Interstate Car Theft Network, Arrests Syndicate Members Linked to Over 160 Stolen Vehicles

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EU Reaffirms Support for Nigeria’s 2027 Elections

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EU Reaffirms Support for Nigeria’s 2027 Elections

By: Michael Mike

The European Union has reaffirmed its commitment to supporting Nigeria’s democratic process ahead of the 2027 general elections, stressing that its role would remain focused on technical assistance, institutional strengthening and capacity building rather than interference in the country’s internal affairs.

Speaking during activities marking the 2026 Europe Day in Abuja, the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot
said the union would continue to support democratic governance initiatives involving key electoral stakeholders, including the Independent National Electoral Commission (INEC), civil society organisations, political parties, the National Assembly and the media.

The envoy said the EU had consistently supported democracy and electoral reforms in Nigeria through its Support to Democratic Governance programme, aimed at improving the credibility and transparency of elections.

According to the ambassador, preparations for the 2027 polls would build on recommendations made by previous EU Election Observation Missions and expert reports submitted after earlier elections.

“We will continue doing what we have been doing consistently, which is trying to reinforce capacities, trying to help reforms and improve the system little by little over the years,” the envoy stated.

Responding to concerns raised by journalists over electoral violence, low voter turnout and the non-implementation of recommendations from previous election observers, the ambassador insisted that the responsibility for conducting credible elections ultimately rests with Nigerian authorities.

“I think your question has to be directed to Nigerian authorities in charge of organising elections. It is a sovereign responsibility of Nigerian authorities,” the envoy said.

The ambassador stressed that the EU was not in Nigeria to impose sanctions, issue “yellow cards or red cards,” or dictate the country’s political direction, but rather to support ongoing reforms where requested.

The envoy also disclosed that the EU’s intervention would not primarily involve direct funding of elections but would focus more on technical assistance, institutional support and training for electoral stakeholders.

On media participation, the ambassador noted that journalists remained an important component of the EU’s democratic governance support framework and would continue to benefit from engagement programmes under the initiative.

The envoy, however, said it was still too early to outline specific activities or financial commitments for the 2027 elections.

Concerns over Nigeria’s democratic future and fears of a possible drift toward a one-party state were also raised during the interaction, but the ambassador maintained that assessing Nigeria’s political direction remained the responsibility of Nigerians themselves.

The EU representative added that a follow-up mission on recommendations from the 2023 elections had already been conducted, while attention was now focused on further implementation of electoral reforms and strengthening public confidence in the electoral system.

EU Reaffirms Support for Nigeria’s 2027 Elections

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