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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:
News
US Says Latest Visa Decision Against Nigeria Unconnected to BRICS, Venezuelan Refugees

US Says Latest Visa Decision Against Nigeria Unconnected to BRICS, Venezuelan Refugees
By: Michael Mike
The United States Mission has explained that recent reduction in visa validity for Nigerian nonimmigrant travellers is not tied to Nigeria’s position on BRICS nor the Venezuelan deportees.
US President Donald Trump had threatened to impose tariffs on “Any country aligning themselves with the Anti-American policies of BRICS”
Trump made the statement few days ago while BRICS leaders and associates
met in Rio de Janeiro, Brazil for the 2025 summit.
The Minister of Foreign Affairs, Amb. Yusuf Tuggar had on Thursday on one of the National Televisions during his reaction to recent stringent visa regime to Nigerian travellers by the American government noted that it may be as a result of non acceptance of Venezuelan deportees, insisting that the country has trouble of its own
Tuggar said: “We already have over 230 million people,” and cannot add to our headache.
The US Mission in Abuja while clarifying the latest visa validity decision on Friday noted that the decision was rather based on a global security and technical review.
The mission in a statement on Facebook also reaffirmed its commitment to bilateral cooperation with Nigeria and expressed willingness to work with Nigerian authorities to meet the necessary criteria.
The statement read: “The U.S. Mission Nigeria wishes to address misconceptions about the recent reduction in visa validity for most nonimmigrant U.S. visas in Nigeria and other countries. This reduction is not the result of any nation’s stance on third-country deportees, introduction of e-visa policies, or affiliations with groups like BRICS.
“The reduction in validity is part of an ongoing global review of the use of U.S. visas by other countries using technical and security benchmarks to safeguard U.S. immigration systems.
“We value our longstanding partnership with Nigeria and remain committed to working closely with the Nigerian public and government officials to help them meet those criteria and benchmarks, thereby ensuring safe, lawful, and mutually beneficial travel between our nations.”
US Says Latest Visa Decision Against Nigeria Unconnected to BRICS, Venezuelan Refugees
News
Six community guards killed, others feared abducted in Zamfara bandit attack

Six community guards killed, others feared abducted in Zamfara bandit attack
By: Zagazola Makama
At least six members of the Community Protection Guards (CPG) in Zamfara State have been killed and others feared abducted following a deadly ambush by armed bandits in Bungudu Local Government Area.
Zagazola Makama report that the attack occurred at about 12:30 p.m. on Thursday as the CPG members were travelling from Bungudu to Yar Katsina in Kekun Waje District to condole with the family of one of their colleagues who was killed by suspected bandits a day earlier.
According to sources, the group was ambushed along the route by heavily armed attackers who opened fire on them, killing six CPG personnel on the spot.
The assailants also reportedly made away with several pump-action rifles belonging to the victims and one motorcycle.
Shortly after the incident troops of Operation FANSAR, were deployed to the scene. However, the attackers had already fled into the bush before their arrival.
The remains of the slain guards have been transported to Bungudu Town for burial rites, while efforts are underway to trace and rescue other victims suspected to have been abducted during the attack.
Six community guards killed, others feared abducted in Zamfara bandit attack
News
Suspected gunman dies after clash with police in Kogi, officer injured

Suspected gunman dies after clash with police in Kogi, officer injured
By: Zagazola Makama
A suspect linked to unlawful possession of firearms has died following a violent clash between his gang and police operatives in Idah, Kogi State.
The incident began on July 8, when detectives from the State Criminal Investigation Department (SCID) in Lokoja visited Aija area in Idah to arrest the suspect, simply identified as Enemi. Upon sighting the police, the suspect reportedly fled by jumping over the fence of his residence and had remained at large.
However, on July 10, fresh intelligence on his whereabouts prompted the Divisional Police Officer in Idah to mobilize a team of operatives, led by Inspector Ojumu Rokan, to effect his arrest.
While attempting to apprehend him, the team came under sudden attack from members of the suspect’s gang, who allegedly tried to disarm and mob the officers.
In the process, the suspect was shot in the leg while trying to escape, but was quickly whisked away from the scene by his accomplices.
During the confrontation, a police officer, PC Usman Kebiru of the Area Command, Idah, sustained multiple injuries after being attacked with machetes, cutlasses, and stones.
He was rushed to the General Hospital in Idah for treatment.
Subsequent reports reaching the division later confirmed that the injured suspect died at his family residence in Idah.
Security across the area has since been heightened, with all formations placed on red alert. Intensive patrols are ongoing to prevent further unrest and track down members of the fleeing gang.
Suspected gunman dies after clash with police in Kogi, officer injured
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