News
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:
VP Shettima’s Agricultural Assessment Visit To Ethiopia
By: Our Reporter
An agricultural economist by training whose love for agricultural transformation and development has never been hidden, as demonstrated recently when he visited the International Institute of Tropical Agriculture (IITA) in Ibadan for an on-the-spot assessment of the Institute’s crops and resource potentials, Vice President Kashim Shettima today embarked on an assessment of the popular Adama Industrial Zone near Addis Ababa in Ethiopia.
Farms visited by the Vice President for the on-the-spot assessment included the Adama Dairy Farms, Luke Avocado Nursery site, Shera Dibandiba Mojo Family Integrated Farm, Biyyo Poultry Farm, and the Bishoftu Pea Farm.
While speaking on areas of agricultural collaboration between both countries, the Vice President ordered specialised coffee beans seeds for massive production in Nigeria while also directing the immediate training of selected Nigerian agricultural extension farmers on the production of specialized avocado seedlings for the Nigerian market.
VP Shettima also sought an exchange of mechanisation technologies between both countries, stressing that the potential of both Nigeria’s and Ethiopia’s agricultural sectors was capable of capturing world markets, especially when fully harnessed and exploited.
VP Shettima’s Agricultural Assessment Visit To Ethiopia
News
Leboku-in-Abuja 2025 Festival Celebrates New Year Festival to Bolster Nigeria’s Rich Cultural Heritage
Leboku-in-Abuja 2025 Festival Celebrates New Year Festival to Bolster Nigeria’s Rich Cultural Heritage
By: Michael Mike
One of the nation’s most celebrated events, the New Year Festival would berth in Abuja, the Federal Capital Territory (FCT) as the Kedei Seh Umor-Otutu, in collaboration with the Federal Ministry of Arts, Culture, Tourism and Creative Economy stage the Lenoku-in-Abuja 2025.
It promises to bolster Nigeria’s cultural heritage and showcase the rich cultural heritage of the Yakurr people in Cross River, the South-South and South-East in the nation and the world at large.
Addressing a pre-festival press conference in Abuja, President of Kedei Seh Umor-Otutu, a community-based association, Queency Patrick said the forthcoming festival with the theme: “A celebration of heritage, unity and harvest,” is one of the kind.
She explained that Lenoku-in-Abuja 2025 is an internationally acclaimed New Yam festival that is celebrated on August 30 in Abuja, under auspices of Kedei Seh Umor-Otutu, an association of Ugep people living in the FCT.
Patrick said: “Leboku-in-Abuja-2025 aligns with national goals of cultural preservation, inter-ethnic harmony and in promoting Nigeria as a cultural destination.
“The Federal Capital Territory provides the ideal backdrop to unite heritage and modernity, welcoming all who believe in peace, identity and pride of origin.
“For us, it is not just a cultural event, it is a call to national unity, peace and cultural tourism development.
“It is also an opportunity for us to showcase the rich cultural heritage of the Yakurr people in Cross River, the South-South and South-East in the nation and the world at large.”
She further explained that: “The event fosters appreciation of Nigeria’s diverse ethnic-root and culture. Leboku-in-Abuja is more than a festival, it is a stage for celebrating our cultural identity, building bridges through tradition and encouraging investment in the creative economy and tourism sector.”
According to her, Mr Obi Asika, DirectorGeneral/CEO of the National Council for Arts and Culture, had in a letter which formally endorsed the association’s collaboration with government described Leboku-in-Abuja, as annual New Yam Festival celebrated in Abuja by Yakurr people of Cross River.
Patrick further quoted him by saying the Leboku festival, deeply rooted in the traditions of the Yakurr people of Cross River, has long been a symbol of unity, celebration, and agricultural prosperity.
Asika, in the letter noted that: “Bringing this renowned festival to Abuja will provide a unique opportunity for cultural exchange, tourism development, and deeper appreciation of our diverse traditions.
“It aligns with the Federal Government’s Renewed Hope Agenda and NCAC’s mandate to promote arts and culture, as essential drivers or Nigeria’s creative economy,” Asika added.
Patrick revealed the event would provide platform for public lecture, economic empowerment, traditional food festival, cultural and arts exhibition, sports, agriculture, trade and tourism development.
The event scheduled to hold at the Bolton White event centre, Wuse Zone 7, Abuja is centered on promoting unity and peace with the toga: “One Yam, One People.”
Leboku-in-Abuja 2025 Festival Celebrates New Year Festival to Bolster Nigeria’s Rich Cultural Heritage
Crisis brews in Gombe SDP as Yakubu emerges acting chairman
The Gombe State chapter of the Social Democratic Party (SDP) has appointed a new chairman, Aaron Yakubu to serve in acting capacity following the suspension of its state chairman, Comrade Adamu Abubakar Modibbo, over allegations of mismanagement, lack of transparency, and misuse of party resources.
His suspension was announced at a news conference held in Gombe on Saturday by the party’s Welfare Secretary, Usman Yahaya, on behalf of concerned members of the state executive.
Reading the statement, Yahaya said there were countless complaints against the now suspended chairman, whom he said had side-lined party stakeholders and running the party like his personal property.
“Since Comrade Modibbo assumed office, the party has experienced no meaningful progress. Instead, the leadership claims he has used his position to witch-hunt loyal stakeholders and frustrated committed party members for his personal gain.”
He accused Modibbo of systematically “caging” the party’s executive members and aspirants, depriving over 90% of both returning and newly acting executive members of access to official SDP membership cards.
He further alleged that the selection of party candidates has been done without due process or consultation, with names being announced solely via national platforms involving prominent figures like Malam Nasir El-Rufai, thereby side-lining the state executive.
Yahaya also accused the suspended chairman of allegedly using his personal residence as the de facto party office.
This, the executives say, violates proper procedures and comes despite funds being made available to renovate the official state party office and rent offices across the local government areas.
“As it stands, the SDP in Gombe State does not have a functional or recognised operational office,”
In the light of the above weighty and numerous allegations against Modibbo, the Welfare Secretary said that the Gombe State chapter of the party has taken decisive action by suspending Comrade Adamu Abubakar Modibbo as chairman with immediate effect.
“In this regard, we hereby announce that the current State Secretary of the party, Mr. Aaron Yakubu, will now serve as the Acting State Chairman of the SDP in Gombe.
“Similarly, Ambassador Lukman Adamu Elkanem, previously serving as the Acting Assistant Public Relations Officer, has now been appointed as the Acting State Secretary of the party.”
Yahaya, on behalf of the state chapter of the SDP, appealed for intervention from the national body of the party to look into the allegations against the former chairman and to restore discipline, accountability, and credible leadership to the Gombe chapter of the party.
Speaking shortly in an interview, Yakubu said he would work to build inclusiveness in the party and ensure all party members were carried along in line with the constitution of the party.
He stated that out of the 13 working committee members of the party, nine were present and in support of the suspension of Modibbo.
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