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:
News
Troops Kill Six ISWAP Fighters, Wound Seven in Failed Attack on Borno Military Base
Troops Kill Six ISWAP Fighters, Wound Seven in Failed Attack on Borno Military Base
By: Zagazola Makama
Six fighters of the Islamic State West Africa Province (ISWAP) were reportedly killed and seven others seriously wounded during a failed attack on a Forward Operating Base (FOB) at Logomani in Borno State, credible intelligence sources have disclosed.
The sources told Zagazola Makama that the terrorists launched the attack on the military position in the early hours of July 7 but suffered significant casualties after troops mounted a fierce resistance.
According to the intelligence assessment, the attackers had assembled at Garal before advancing on the military base.
Following the failed assault, surviving insurgents were reportedly seen regrouping at Chukun Gudu, where they buried six of their fighters killed during the encounter.
Among those reportedly buried was a senior fighter identified as Munzir, also known as Ba Alayi, who was said to be an indigene of Wulgo.
The development comes as troops of Operation HADIN KAI continue sustained clearance operations aimed at dismantling terrorist enclaves and disrupting insurgents’ logistics and mobility across the Lake Chad region.
Troops Kill Six ISWAP Fighters, Wound Seven in Failed Attack on Borno Military Base
Health
Cholera Outbreak Kills Nine ISWAP Terrorists in Timbuktu Triangle
Cholera Outbreak Kills Nine ISWAP Terrorists in Timbuktu Triangle
By: Zagazola Makama
A cholera outbreak has reportedly claimed the lives of nine fighters of the Islamic State West Africa Province (ISWAP) in the Timbuktu Triangle, a known terrorist stronghold in Borno State, intelligence sources have disclosed.
The sources told the News Agency of Nigeria (NAN) that the outbreak had spread through the group’s enclaves, highlighting deteriorating sanitary conditions and limited access to medical care within the insurgents’ camps.
According to the intelligence, two additional ISWAP fighters infected with the disease were allegedly executed by fellow terrorists after attempts to manage their condition at Kimba village proved unsuccessful.
The sources said the development pointed to the worsening health conditions within the terrorist hideouts, where sustained military pressure has disrupted logistics, including access to medicines and treatment facilities.
The sources added that commanders had also been urged to intensify efforts to intercept medical supplies and pharmaceuticals intended for terrorist camps in order to further degrade ISWAP’s treatment capability and operational resilience.
The reported outbreak comes amid sustained offensives by troops of Operation HADIN KAI, who continue to target terrorist enclaves and logistics networks across the Lake Chad region in a bid to degrade the insurgents’ fighting capacity.
Cholera Outbreak Kills Nine ISWAP Terrorists in Timbuktu Triangle
News
Nigerian Children in Crisis ‘Fiscally Invisible’ as New Report Exposes Funding Failure
Nigerian Children in Crisis ‘Fiscally Invisible’ as New Report Exposes Funding Failure
…Study warns millions of children caught in conflict, displacement and hunger are being overlooked in government budgets; journalists launch accountability network to push for reforms
By: Michael Mike
Nigeria’s youngest and most vulnerable children are being failed by a financing system that does not even recognise them in public budgets, a new report has warned, raising fresh concerns over the country’s worsening humanitarian and human capital crisis.
The report, Financing Early Childhood Development in Crisis (ECDiC) in Nigeria: From Fiscal Invisibility to Child-Level Results, released in Abuja on Wednesday by the Moving Minds Alliance (MMA) in partnership with Whole Child Advisors, paints a grim picture of how children aged between zero and eight years living in conflict, displacement, climate emergencies and poverty are largely excluded from government financing despite overwhelming evidence that the early years determine a child’s lifelong prospects.
According to the report, Nigeria’s Human Capital Index stands at just 0.36, meaning a child born today is expected to achieve only 36 per cent of his or her productive potential because of poor health, inadequate nutrition and weak learning outcomes.
The findings come at a time when Nigeria continues to grapple with one of Africa’s largest humanitarian emergencies. Insurgency in the North-East, widespread banditry and communal violence across the North-West and North-Central, alongside climate-induced disasters and economic hardship, have displaced millions of people and disrupted access to healthcare, nutrition and education for children.
The report estimates that 4.9 million children require life-saving humanitarian assistance, while 3.6 million people were forcibly displaced in 2025. It also notes that about 31 million Nigerian children are under the age of five, with between 33.8 and 40 per cent suffering from stunting, an indication of chronic malnutrition that permanently affects brain development and future productivity.
It further revealed that severe acute malnutrition cases surged to about 1.8 million children in 2025, representing a 69 per cent increase over previous estimates, while Nigeria’s under-five mortality remains among the highest globally at 105 deaths per 1,000 live births.
Despite these alarming indicators, the report found that Early Childhood Development in Crisis (ECDiC) has no dedicated budget line in either federal or state budgets, effectively rendering vulnerable children “fiscally invisible.”
The analysis identified five major weaknesses responsible for the financing gap: the absence of dedicated budget lines, poor implementation of approved budgets, fragmented funding channels, recurrent expenditure that crowds out essential child services, and an uneven distribution of humanitarian resources heavily concentrated in Borno, Adamawa and Yobe, leaving crisis-hit communities in the North-West and North-Central with inadequate support.
The report noted that less than five per cent of education spending benefits early childhood or emergency learning programmes.
It concluded that the existing financing framework prioritises institutions rather than children’s actual needs.
“The system is built to fund structures, not children,” the report stated, warning that Nigeria cannot realise its human capital ambitions without creating a financing architecture capable of delivering predictable resources directly to frontline services supporting young children in emergencies.
To reverse the trend, the report recommended seven urgent reforms, including establishing a federal policy framework for Early Childhood Development in Crisis, introducing dedicated budget tags across federal and state budgets, protecting releases of funds, simplifying financing channels, expanding results-based financing tied to measurable child outcomes, redistributing resources according to vulnerability rather than geography, and creating a blended investment mechanism involving government, humanitarian agencies and philanthropic organisations.
Speaking at the launch, the Nigeria Early Childhood Development in Crisis Coalition Coordinator, Arome Agenyi, stressed that the future of millions of Nigerian children depends on decisions taken today.
He said: “Behind every successful adult is an early childhood story. The question is not whether children are developing; they are. The question is whether they are developing to their full potential. In this regard, the stories journalists choose to tell today can shape the policies, investments, and public actions that determine the future of millions of Nigerian children, especially those in crisis contexts across Nigeria.”
As part of efforts to sustain public attention on the issue, the Moving Minds Alliance also inaugurated the Nigerian chapter of the Reporters for Early Childhood in Humanitarian Crisis (REACH) Network, bringing together journalists committed to evidence-based reporting on children affected by humanitarian emergencies.
Global Co-Chair of the REACH Network, Mojeed Alabi, said children who are invisible in government budgets often become invisible in politics and public discourse.
“When children living through conflict, displacement, climate shocks and economic hardship become fiscally invisible, they also risk becoming politically invisible,” Alabi said.
“The launch of the REACH Network in Nigeria is a commitment by journalists to change that narrative. Through sustained, evidence-based reporting, we will amplify the voices of the youngest and most vulnerable children, hold leaders accountable for their commitments, and ensure that early childhood development remains at the heart of public policy and national development.”
Also speaking, Interim Director and Co-Chair of the Moving Minds Alliance, Dr. Katie Murphy, described the report as the clearest roadmap yet for reforming child financing in Nigeria.
“This new report gives us something we haven’t had before: a clear picture of where Nigeria’s investment in its youngest children in crisis is falling short, and exactly what it will take to close that gap,” she said.
Murphy added that the planned Act for Early Years Financing Summit in 2027 would seek commitments from governments, donors and development partners to move from fragmented financing to a system that delivers resources directly to children.
The coalition hopes that by 2028, both federal and state governments will have introduced dedicated ECDiC budget tags, released at least 70 per cent of allocated funds annually, and achieved measurable improvements in child development outcomes across local government areas.
For child development advocates, the report is more than a financial audit; it is a warning that unless Nigeria changes how it invests in children during their earliest years, particularly those growing up amid conflict and displacement, the country risks entrenching poverty, inequality and lost human potential for generations.
Nigerian Children in Crisis ‘Fiscally Invisible’ as New Report Exposes Funding Failure
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