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AT FIRST NEC OF THE YEAR

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AT FIRST NEC OF THE YEAR

Council Moves To Boost Non-oil Revenue, Deepen Engagement With Stakeholders

Cross River Governor Chairs Bi-Partisan Committee On Legacy Projects

VP Shettima: Agriculture, other non-oil sectors, increasingly bearing Nigeria’s revenue weight

By: Our Reporter

The National Economic Council (NEC) has resolved to deepen engagement with stakeholders to boost non-oil revenues in line with the economic blueprint of the administration of President Bola Ahmed Tinubu.

This is just as Chairman of the Council, Vice President Kashim Shettima called for accelerated transition from oil to non-oil economy through competitive manufacturing, export diversification, and private sector investment.

The Council has also approved the constitution of a Committee on the implementation of the President’s directive on the actualisation of the legacy projects.

The committee is chaired by the Governor of Cross River State while one governor from each sub-region will serve as member of the committee as follows: North West (Sokoto), North East (Gombe), North Central (Niger), South East (Abia), and South West (Lagos).

The Permanent Secretary of the Ministry of Budget and Economic Planning, Deborah Odoh, shall serve as Secretary, while the Ministers of Works and Trasnportation will also serve on the committee.

NEC’s decision, taken on Thursday during its 156th meeting and first of the year which washeld virtually, followed a presentation on the economic priorities for 2026 by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.

The presentation highlighted key reforms implemented by the Tinubu administration, including targeted programmes that have removed distortions in the system, stabilised the economy and put Nigeria on the path of sustained recovery and prosperity.

The presentation also reflected the country’s current global recognition, which is reinforcing investor confidence in the economy projected to grow at 4.68% in 2026.

The key priorities according to the Minister, include maintaining Nigeria’s economic competitiveness through sound governance, improved availability and affordability of food, ensuring human capital development with improved social protection and timely payment of debt service, salaries and pensions.

In its resolution, NEC noted and commended the Federal Government’s plans to unlock rapid and sustained job-rich growth, high-quality jobs, and entrepreneurship opportunities.

The Council also resolved to dedicate a special session to address salient issues raised in the country’s food security efforts, particularly issues bothering on agricultural productivity.

In his opening remarks, Vice President Shettima observed that while “global powers assert their interests with renewed confidence, commodity markets will remain volatile,” with oil prices, exchange rates, and capital flows frustrating the nation’s policies.

He noted that the current economic reality has reinforced the urgency of fiscal risk management and the need to reduce the nation’s economic and revenue exposure to oil.

According to him, the non-oil economy has emerged as the backbone of Nigeria’s growth story, accounting for about 96 per cent of the country’s GDP and is expanding at about 4 per cent.

“Services, agriculture, and other non-oil sectors are increasingly carrying the weight of the economy. More importantly, non-oil revenues now contribute nearly three-quarters of total government collections.

“This marks a significant, if gradual, departure from our historic dependence on volatile oil receipts. The task before us is to deepen this transition through competitive manufacturing, export diversification, and private sector investment,” he said.

VP Shettima who is Chairman of NEC acknowledged that while it was the first meeting of the Council for the year 2026, the consequences of the choices made last year demand coherence, courage, and consistency in the new year.

“This moment in our journey calls for neither triumphalism nor despair. What it calls for is perspective. The Nigerian economy has travelled a difficult road over the past year, but it has not travelled it without progress,” he pointed out.

Noting that the nation’s economy witnessed significant growth in 2025, Senator Shettima attributed the rapid growth to the visionary leadership of President Bola Ahmed Tinubu.

His words: In 2025, our economy expanded by 3.9 per cent, the fastest rate of growth in over a decade. Quarter by quarter, this momentum was evident: growth strengthened from 3.13 per cent in the first quarter to 4.23 per cent in the second, before settling at 3.98 per cent in the third.

“This is the outcome of hard decisions taken in difficult circumstances, and this is not a surprise with a visionary like His Excellency, President Bola Ahmed Tinubu, leading the charge.”

The Vice President said, however, that acceleration of economic growth must not be confused with adequacy, observing that “a growth rate of 3.9 per cent, while encouraging, is not sufficient to decisively reduce poverty, generate jobs at the scale our population demands, or lift per capita incomes in a way that ordinary Nigerians can feel.

“With population growth at about 2.6 per cent annually, this rate of expansion leaves us with little room to absorb inflationary pressures or external shocks. Our ambition, therefore, must be higher,” he added.

Highlights of other deliberations and resolutions at the NEC meeting are as follows:

UPDATE ON ACCOUNT BALANCES AS AT 14th January 2026

The Accountant-General of the Federation gave update to Council on the under listed accounts as follows:

Excess Crude Account $535,823.39

Stabilization Account N64,652,693,552.36

Natural Resources Account N97,369,382,081.96

BRIEF ON THE IMPLEMENTATION OF PRESIDENT BOLA AHMED TINUBU, GCFR DIRECTIVES TO THE NATIONAL ECONOMIC COUNCIL (NEC) ON THE CONSTRUCTION OF LAGOS-CALABAR AND SOKOTO-BADAGRY HIGHWAYS

Council was briefed on the level of implementation of Mr. President’s directive concerning the Lagos-Calabar and the Sokoto-Badagry Super Highways, in accordance with the Administration’s Agenda.

In the report, Council was called to note that the President, Federal Republic of Nigeria, Senator, Bola Ahmed Tinubu, GCFR addressed the National Economic Council (NEC) during the 150th (3rd in 2025) meeting held on Thursday, 31st July 2025 where he underscored the need to properly manage the setbacks along the highways to create some form of investments/economic activities.

Flowing from the above, the NEC Secretariat interfaced with the Office of the Secretary to the Government of the Federation (Cabinet Office) on the assignment and was informed that the process had commenced, and is being overseen by the Office of the Secretary to the Government of the Federation.

Similarly, the Office of the Surveyor-General of the Federation has been moved to the Presidency in compliance with Mr. President’s directive.

PRAYER

Council is invited to note the level of implementation of Mr. President’s directive on setting up a committee for actualization of the administration’s legacy projects especially the Lagos-Calabar and the Sokoto-Badagry Coastal Highways and the movement of the Office of the Surveyor-General of the Federation from the Federal Ministry of Works to the Presidency.

COUNCIL RESOLUTION:

The Council constituted a Presidential NEC Committee on the implementation of the President’s directive.

The committee is chaired by the Governor of Cross River State while one governor from each sub-region will serve as member of the committee, namely: North West (Sokoto), North East (Gombe), North Central (Niger), South East (Abia), and South West (Lagos).

The Permanent Secretary of the Ministry of Budget shall serve as Secretary, while the Ministers of Works and Trasnportation will also serve on the committee.

PRESENTATION ON THE NEW WORLD BANK-NIGERIA COUNTRY PARTNERSHIP FRAMEWORK

In the World Bank Group briefing to Council on Partnership Framework Consultations (CPF), the presentation outlined how the World Bank Group supports Nigeria’s development goals.

It emphasized the shifts towards national programmes implemented at the state level (two-thirds of the active portfolio) and result-based financing (half of the active portfolio), all aimed to achieve impact at scale through fewer, but larger national programmes.

The presentation also talked about the First 2,000 days which includes: Securing Nigeria’s Future; Investing in Stunting Reduction and Early Childhood Development, among others.

The presentation also highlighted what needs to be done when the window for early cognitive development is missed, and when it is too late for recovery.

The WBG also set agenda for 2026 as follows:

January 2026: Agree to the development of a national, state-driven Early Years program under the HCD 2.0 Strategy of the National Economic Council.

January 2026: Nominate an HCD focal person and a senior Budget official to serve as State Early Years leads for engagement.

January – June 2026: Support a diagnostic and multisector dialogue process with your teams to emerge state-wise investment plans. (Immediate)
Immediate: Signal willingness to align budgets and MTSS with the emerging Early Years priorities.

The presentation advised that to move into the group of richer nations, we need to invest in Nigeria’s human capital.

NIGERIA’S SUSTAINABLE AGRICULTURAL VALUE-CHAINS FOR GROWTH (AGROW)

The presentation also highlighted agricultural value-chains to include the following:

$500M Results-Based Program: AGROW introduces a unified national platform tied to measurable outcomes, ensuring accountability and performance-driven implementation.

Co-Created with States & Private Sector: Designed collaboratively by MDAs, state governments, private companies, and development partners to ensure ownership and long-term sustainability, among others.

COUNCIL RESOLUTION:

Council lauded the proposed World Bank Group Country Partnership Framework consultations, which, among other aims, are targeted at investing in young Nigerian children, thereby delivering early results for Nigeria’s children and the future of work.

NEC resolved to take the lead in efforts to work with the World Bank in implementing President Bola Ahmed Tinubu’s Renewed Hope Agenda, having shown the capacity to effectively channel local and foreign resources.
Council committed to providing institutional support and commitment to the World Bank’s proposed framework for Nigeria.

UPDATE ON NIGERIA’S TAX REFORM LAWS PRESENTED BY PRESIDENTIAL FISCAL POLICY AND TAX REFORMS COMMITTEE

Update was presented to Council on Tax Reform. It stated that the reform is to address inequity and promote shared prosperity, a broken tax system, fragmented and complex, unconducive for growth, regressive, high burden on Nigerians & businesses.

The committee gave an overview of the entire tax framework with its priorities, targets, challenges and opportunities for economic transformation.

Council directed the committee to prepare a more comprehensive brief for presentation at NEC’s forthcoming conference in February to prepare the sub-nationals for the robust implementation of the tax laws across the country.

CONCLUSIONS AND PRAYERS

We seek the support of states for effective implementation

  1. Political leadership to support the tax reform
  2. Enactment of Tax Harmonisation Law by states
  3. Adoption of presumptive tax regime for informal sector
  4. Resourcing of state internal revenue service to improve capacity for administration
  5. Approval of National Fiscal Policy

COUNCIL RESOLUTION:

Council resolved to take a more robust engagement on the new tax regime at its forthcoming conference in February.

AT FIRST NEC OF THE YEAR

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55 Years of Win-Win: Nigeria and China’s Growing Partnership

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55 Years of Win-Win: Nigeria and China’s Growing Partnership


By Raphael Oni

February 10, 2026, marks a significant milestone in Nigeria-China relations, as the two countries celebrate 55 years of diplomatic ties. Over the years, their partnership has blossomed into a comprehensive strategic cooperation, with China emerging as one of Nigeria’s largest trading partners and investors.

“China and Nigeria are entering a new phase in their bilateral relationship — one that aims to move beyond the traditional, trade-heavy dynamic towards a mutually beneficial development model,” said President Xi Jinping.

The relationship between Nigeria and China is built on mutual respect, trust, and cooperation. The Forum on China-Africa Cooperation (FOCAC) has played a pivotal role in strengthening ties between China and Africa, including Nigeria. Established in 2000, FOCAC has provided a platform for China and African countries to discuss issues of mutual interest, promote economic cooperation, and enhance cultural exchanges.

“Over the years, China and Nigeria have built a strategic partnership anchored on mutual respect, shared aspirations and practical cooperation,” said Hon. Yakubu.

One of the key areas of cooperation between Nigeria and China is infrastructure development. China’s Belt and Road Initiative (BRI) has been instrumental in transforming Nigeria’s infrastructure landscape. The BRI has facilitated the construction of critical infrastructure projects, including the Abuja-Kaduna, Lagos-Ibadan, and Ibadan-Kano rail lines, as well as the expansion and modernization of Nigeria’s international airports.

“The synergy between Nigeria’s resource-rich economy and China’s technological prowess presents vast opportunities for cooperation in areas such as infrastructure development, trade, and security,” noted Ambassador Amedu Ode while speaking on the partnership between the two countries.

The Lekki Deep Seaport, a flagship BRI project, has become a game-changer for Nigeria’s economy, enhancing the country’s trade capacity and positioning it as a major logistics hub in West Africa. China’s investments in Nigeria’s infrastructure have not only improved transportation networks but also created jobs and stimulated economic growth.

The Ministry of Foreign Affairs has reaffirmed Nigeria’s commitment to strengthening bilateral relations with the People’s Republic of China following a courtesy visit by the Chargé d’Affaires of the Chinese Embassy, Zhou Hongyou, to the Spokesperson of the Ministry, Kimiebi Ebienfa, in his office recently. The Spokesperson in a chat with media said, “Nigeria have very cordial relations with the People’s Republic of China. It is a relationship based on mutual respect and cooperation in various areas that spans across economic, cultural, technological transfer etc to mention but few.” He noted that the relationship has direct impact on Nigeria economy, creating jobs, building capacity, technology transfer and many more.

Ebienfa said both sides reaffirmed at the meeting the shared commitment of Nigeria and China toward deepening diplomatic engagement, enhancing institutional cooperation and expanding people-to-people exchanges for mutual benefit. The discussions also focused on the importance of reciprocal visits, study tours and exposure programmes for diplomats to enhance mutual understanding, including short-term and specialized training programmes in governance, administration, strategic communication and public diplomacy. Reference was made to training initiatives coordinated by Chinese academic institutions, particularly Peking University, aimed at promoting experience-sharing among developing countries. “China is prepared to be a partner of Nigeria to stand up to challenges,” said Zhou Hongyou.

Nigeria and China have also strengthened their cooperation in the areas of trade, investment, and technology. China is Nigeria’s largest trading partner, with bilateral trade reaching $21.89 billion in 2024. Nigeria exports crude oil, liquefied natural gas, and other commodities to China, while China exports machinery, electronics, and textiles to Nigeria.

In 2018, Nigeria and China signed a $2.4 billion currency swap deal, which has helped to boost trade and investment between the two countries. China has also established a number of industrial parks and special economic zones in Nigeria, providing a platform for Chinese companies to invest and operate in the country.

“The relationship between Nigeria and China has yielded tangible benefits for both countries, from infrastructure to technology, trade, education and cultural exchanges,” said Joseph Tegbe, Director-General of Nigeria-China Strategic Partnership.

In addition to economic cooperation, Nigeria and China have also strengthened their cultural and educational ties. China has established Confucius Institutes in several Nigerian universities, promoting Chinese language and culture. Nigeria and China have also signed agreements on cooperation in education, science, and technology. “Nigeria has consistently upheld the One-China principle as the basis of its relations with the People’s Republic of China,” stated the Nigeria-China Strategic Partnership.

Nigeria and China have strengthened their bilateral ties, elevating their relationship to a Comprehensive Strategic Partnership in September 2024. This partnership aims to enhance cooperation in infrastructure, technology, education, and cultural exchanges.

Key Areas of Cooperation: China’s involvement in Nigeria spans multiple sectors, driving development across the country. While China maintains a policy of non-interference in Nigeria’s internal politics, its footprint is evident in various key areas. Let us examine the following:

Infrastructure Development: China has contributed significantly to Nigeria’s infrastructure growth, including the construction of roads, bridges, railways (e.g., Abuja-Kaduna and Lagos-Ibadan rail projects), and ports.

Economic Ties: Nigeria is China’s largest engineering contract recipient in Africa and its second-largest export market. Bilateral trade reached $21.89 billion in 2024, with China’s imports from Nigeria totaling $2.99 billion.

Energy and Power: China has invested in Nigeria’s energy sector, supporting projects like the Mambilla Hydroelectric Power Plant and providing solar energy solutions.

Belt and Road Initiative (BRI): Nigeria is a key partner in China’s BRI, with projects like the Lekki Deep Seaport enhancing Nigeria’s trade capacity and positioning it as a major logistics hub in West Africa.

Telecommunications: Chinese companies like Huawei and ZTE have played a major role in expanding Nigeria’s telecom infrastructure, including 4G networks and fibre-optic cables.

Manufacturing and Industrialization: China has established manufacturing hubs in Nigeria, focusing on industries like textiles, cement, and steel production.

Agriculture: China has supported Nigeria’s agricultural development through initiatives like the China-Nigeria Agricultural Technology Demonstration Centre.

Healthcare: China has contributed to Nigeria’s healthcare sector through medical infrastructure development, equipment supply, and training programs.

Education and Capacity Building: China offers scholarships and training programs for Nigerian professionals, promoting knowledge transfer and capacity development.

People-to-People Exchanges: The China-Nigeria Friendship Hospital in Abuja provides medical services to Nigerians, with 200,000 patient visits annually and training for over 1,000 medical professionals.

Strategic Partnership: The Comprehensive Strategic Partnership establishes cooperation in technology, education, and cultural exchanges, promoting mutual growth and global stability.

The diplomatic relations between Nigeria and China, established on February 10, 1971, have been marked by a series of high-level visits that underscore the deepening ties between the two nations. Over the years, these exchanges have fostered cooperation, mutual understanding, and robust partnerships.

“The Comprehensive Strategic Partnership between Nigeria and China is expected to drive economic growth, improve infrastructure, and enhance Nigeria’s global standing,” said Yu Dunhai, Chinese Ambassador to Nigeria.

The comprehensive strategic partnership between Nigeria and China has yielded significant benefits for both countries. Nigeria has gained access to much-needed infrastructure financing and technical expertise, while China has secured a reliable source of energy and a growing market for its goods and services. As Nigeria and China look to the future, there are opportunities for further cooperation in areas such as agriculture, healthcare, and renewable energy. The two countries can also work together to promote regional integration and stability in Africa.

The diplomatic relations between Nigeria and China, established on February 10, 1971, have been marked by a series of high-level visits that underscore the deepening ties between the two nations. Over the years, these exchanges have fostered cooperation, mutual understanding, and robust partnerships.

Chinese leaders have played a significant role in shaping the relationship. Vice Premier Geng Biao’s visit in October 1978 laid the groundwork for strengthened bilateral relations. This was followed by Vice Premier Huang Hua’s visit in November 1981, which further solidified ties. Vice Premier Tian Jiyun’s visit in November 1984 marked a significant milestone in economic cooperation. President Hu Jintao’s visits in 2004 and 2006 underscored China’s commitment to Nigeria’s development. Most recently, Wang Yi, Member of the Political Bureau of the CPC Central Committee and Foreign Minister, visited Nigeria in January 2025, highlighting the growing strategic partnership.

Nigerian leaders have also made significant contributions to the relationship. Head of State, Gen. Yakubu Gowon’s visit in September 1974 was a pioneering step in Nigeria-China relations. President Olusegun Obasanjo’s visits in April 1999 and August 2001 strengthened economic ties. President Goodluck Jonathan’s state visit in July 2013 marked a significant milestone in bilateral cooperation. President Muhammadu Buhari’s visit in April 2018 further deepened ties. Vice President Kashim Shettima’s participation in the Third Belt and Road Forum in October 2023 highlighted Nigeria’s engagement with China’s global initiatives. President Bola Tinubu’s visit in September 2024, attending the Beijing Summit of the Forum on China-Africa Cooperation, reinforced Nigeria’s commitment to the partnership.

These high-level visits have woven a tapestry of cooperation, driving progress in trade, investment, infrastructure, and cultural exchange. As Nigeria and China continue to navigate the complexities of a rapidly changing world, their partnership remains a beacon of mutual respect and shared aspirations. These visits have strengthened bilateral ties, with agreements signed on trade, investment, infrastructure development, and cultural exchange.

President Goodluck Jonathan’s 2013 visit led to agreements on a $1.1 billion loan for infrastructure projects, defense cooperation, economic and technical cooperation, and visa exemptions for diplomatic and official passport holders.

In January 2017, Wang Yi’s Visit to Nigeria, Nigeria signed the One China Principle, acknowledging Taiwan as part of China. Nigeria obtained a $40 billion investment pledge from China.

In April 2018, President Muhammadu Buhari‘s Visit to China and Signed agreements worth over $6 billion, including: $1 billion for the Ogun-Guangdong Free Trade Zone, $200 million for gas facilities, $478 million for a 300MW solar power project, $55 million for a granite mining plant, Agreed on a $2.4 billion currency swap deal.

In September 2024, Presidents Xi Jinping and Bola Tinubu announced the elevation of China-Nigeria relations to a comprehensive strategic partnership. Agreements signed during the visits includes; Belt and Road Initiative cooperation, Nuclear energy cooperation, Human resource development, Media exchange and cooperation. His Excellency Wang Yi’s Visit to Nigeria in January 2025 witnessed discussion on cooperation in clean energy, defense, and finance, Nigeria and China agreed to expand the $2 billion currency swap agreement. “China’s commitment to Africa, including Nigeria, is guided by the principle of sincerity, real results, amity and good faith” said Ms. Yan Yuqing, Consul General in Nigeria.

Following President Tinubu’s visit to Beijing in September 2024, Nigeria established a Comprehensive Strategic Partnership with China, with Joseph Tegbe serving as Director General. Tegbe’s extensive international experience has been a significant asset in strengthening China-Nigeria relations. He has led several strategic visits to China and hosted high-level Chinese delegations in Nigeria, contributing to the growth of the partnership between these fraternal nation.

One of the visit hosted by the Nigeria-China Strategic Partnership (NCSP) included a high-powered delegation from the Central Party School of the Communist Party of China (CPC) in Abuja, marking a significant milestone in bilateral institutional cooperation. The visit focused on governance, public service reform, investment, and strategic development planning.

The Chinese delegation, led by Vice President of the Central Party School, Professor Gong Weibin, during the dicussion with the Director General of NCSP reaffirmed Nigeria’s commitment to the One China Policy. Tegbe emphasized Nigeria’s desire to build a forward-looking development partnership founded on mutual respect, strategic coordination, and shared prosperity.

The Director-General of the Nigeria-China Strategic Partnership (NCSP), Mr. Joseph Tegbe in one of his high-level working visit to China, secured key partnerships aimed at driving Nigeria’s development. During his visit, Mr. Tegbe engaged with prominent Chinese companies, exploring opportunities for industrial cooperation and strategic development projects.

These strategic engagements are part of NCSP’s broader mission to build transformative partnerships that leverage China’s technological expertise while addressing Nigeria’s development priorities. The partnerships are expected to drive economic growth, improve infrastructure, and enhance the quality of life for Nigerians.

The NCSP DG’s visit to China demonstrates the organization’s commitment to fostering mutually beneficial relationships between Nigeria and China. The partnerships secured during the visit are expected to have a significant impact on Nigeria’s development, particularly in the areas of infrastructure, healthcare, and environmental sustainability.

These high-level visits have woven a tapestry of cooperation, driving progress in trade, investment, infrastructure, and cultural exchange. As Nigeria and China continue to navigate the complexities of a rapidly changing world, their partnership remains a beacon of mutual respect and shared aspirations.

In conclusion, the multifaceted engagements between Nigeria and China, spanning governmental collaborations and people-to-people connections, underscore a robust foundation for bilateral relations. As a student of international relations, it’s evident that the strategic partnership between these two nations is poised for significant growth, driven by mutual interests and shared developmental goals.

The synergy between Nigeria’s resource-rich economy and China’s technological prowess presents vast opportunities for cooperation in areas such as infrastructure development, trade, and security. Moreover, the cultural exchanges and people-to-people diplomacy initiatives have fostered a sense of camaraderie and shared destiny between the two nations.

As Nigeria and China continue to navigate the complexities of global geopolitics, their partnership is likely to play a pivotal role in shaping regional and international dynamics. With a strong foundation in place, a brighter shared future for China-Nigeria relations seems not only plausible but inevitable, promising benefits for both nations and the broader global community.

Raphael Oni, a renowned Nigerian journalist, diplomatic correspondent, and media consultant with over two decades of experience covering national and international news, focusing on diplomacy, politics, and global affairs. He’s been dubbed the “Dean of Diplomatic Reporters” due to his extensive expertise in diplomatic reporting.

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Nigeria Taps Into $7.7trn Global Halal Market As FG Launches National Economy Strategy

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Nigeria Taps Into $7.7trn Global Halal Market As FG Launches National Economy Strategy

Says it’ll unlock $12bn economic value for Nigeria, position the nation as halal-friendly tourism destination

Minister of Industry, Trade and Investment to Chair Strategy Committee

By: Our Reporter

President Bola Ahmed Tinubu, GCFR, represented by Vice President, Senator Kashim Shettima, has launched Nigeria’s National Halal Economy Strategy aimed at positioning the country to tap into the $7.7 trillion global halal market and diversify its economy.

He described the unveiling of the strategy as a signal of Nigeria’s readiness to join the world in grabbing a huge chunk of the global halal economy already embraced by leading nations, as well as to clearly define the nation’s direction within the market expected to add an estimated $1.5 billion to the nation’s GDP by 2027.

Speaking on Thursday when he unveiled the Nigeria National Halal Economy Strategy at Presidential Villa, Abuja, Senator Shettima called for disciplined, inclusive, and measurable action for the strategy to deliver jobs, and shared prosperity across the country.

“It is with this sense of responsibility that I formally unveil the Nigeria National Halal Economy Strategy. This document is a declaration of our promise to meet global standards with Nigerian capacity and to convert opportunity into lasting economic value.

“What follows must be action that is disciplined, inclusive, and measurable, so that this Strategy delivers jobs, exports, and shared prosperity across our nation,” he stated.

“It is going to be chaired by the supremely competent Minister of Industry, Trade and Investment,” the Vice President added.

The Vice President outlined what he described as clear and measurable ambitions set by the Strategy, including”expanding halal-compliant food exports, developing pharmaceutical and cosmetic value chains, positioning Nigeria as a halal-friendly tourism destination, and mobilising ethical finance at scale,” by 2030.

The cumulative efforts, according to him, “are projected to unlock over twelve billion dollars in economic value, while strengthening food security, deepening industrial capacity, and creating opportunities for small-and-medium-sized enterprises across our states.”

Allaying concerns by those linking the halal with religious affiliation, VP Shettima pointed out that the global halal economy has since outgrown parochial interpretations.

He said, “It is no longer defined solely by faith, but by trust, through systems that emphasise quality, traceability, safety, and ethical production. These principles resonate far beyond any single community.

“They speak to consumers, investors, and trading partners who increasingly demand certainty in how goods are produced, financed, and delivered. It is within this broader understanding that Nigeria now positions itself.”

Many advanced Western economies, the Vice President noted, have since “recognised the commercial and ethical appeal of the halal economy and have integrated it into their export and quality-assurance systems.”

He listed developed countries, including the United Kingdom, France, Germany, the Netherlands, the United States, Canada, Australia, and New Zealand, saying they are currently among “leading producers, certifiers, and exporters of halal food, pharmaceuticals, cosmetics, and financial products.”

The VP noted that what these developed nations have experienced is a confirmation of a simple truth, that “the halal economy is a global market framework rooted in standards, safety, and consumer trust, not geography or belief.”

He explained that while the Nigeria National Halal Economy Strategy is the result of careful study and sober reflection, it was inspired by the commitment of the administration of President Bola Ahmed Tinubu “to diversify exports, attract foreign direct investment, and create sustainable jobs across the federation.

“It is also the product of deliberate partnership, developed with the Halal Products Development Company, a subsidiary of the Saudi Public Investment Fund, alongside Dar Al Halal Group Nigeria, with technical backing from institutions such as the Islamic Development Bank and the Arab Bank for Economic Development in Africa,” he added.

Recall that President Tinubu’s recent state visit to the Republic of Türkiye further reinforces Nigeria’s commitment to developing a globally competitive halal ecosystem.

A major outcome of that visit was the signing of an Agreement in the Field of Halal Quality Infrastructure between Nigeria and Türkiye, aimed at strengthening standards, accreditation, certification, and quality assurance systems to enhanc mome international acceptance of Nigerian halal products and services.

Commenting on the unveiling, Chairperson of the National Halal Strategy Committee and Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the launch of the Nigeria National Halal Strategy by the Vice President is a public-private collaboration that has involved extensive interaction with stakeholders.

She noted that the private sector led the charge in ensuring that it is a whole-of-government and whole-of-country intervention, with the Office of the Vice President coordinating all ministries, departments, and agencies, while the Federal Ministry of Industry, Trade and Investment played a pivotal role.

The minister stressed that what the Halal Strategy has done for Nigeria “is to position us among countries that export Halal-certified goods across the world.

“We are going to leverage the African Continental Free Trade Area (AfCFTA) to ensure we export our Halal-friendly goods to the rest of Africa and beyond to any willing markets; participation is voluntary,” she added, assuring that as chairperson, her ministry would deliver on the objectives of the strategy for the prosperity of the nation.

Earlier, the Chairman and CEO of Dar Al-Halal Group Nigeria Limited, Alhaji Muhammadu Dikko Ladan, expressed satisfaction that the Halal Product Development Company collaborated with the group in developing the National Halal Economy Strategy.

He added that, in addition to the strategy, an export programme is underway involving the Ministry of Trade and Investment, through which Nigerian companies can be onboarded into the Saudi Arabian market and beyond.

Ladan described the Strategy as a landmark opportunity for Nigeria as it creates market access and attracts foreign direct investment.

The French Ambassador to Nigeria, Marc Fonbaustier, represented by Carole Lebreton, Financial Counsellor at the French Embassy in Nigeria, said the Halal Strategy is also key to Nigeria–France relations, as the French government explores more ways to build socio-economic bridges with Nigeria.

She said the French government stands ready to support Nigeria’s export drive, especially in the areas of food, cosmetics, and pharmaceuticals.

The Nigerian delegation at the unveiling included the CEO of the Nigeria Export Promotion Council, Mrs Nonye Ayeni; Managing Director of the Bank of Industry, Mr Olasupo Olusi, and Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle Johnson, among others.

Developed by the Halal Products Development Company (HPDC) of the Kingdom of Saudi Arabia — a wholly owned subsidiary of the Saudi Public Investment Fund — the Strategy is an outcome of the bilateral cooperation agreement signed between Nigeria and HPDC in February 2025 at the Makkah Halal Forum.

The collaboration seeks to deepen Nigeria–Saudi Arabia economic relations while leveraging HPDC’s global reach to attract investment, improve market access, and integrate Nigeria into international halal value chains.

Nigeria Taps Into $7.7trn Global Halal Market As FG Launches National Economy Strategy

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NIS: Corruption Poses Existential Threat to National Security, Economic Development, Nigeria’s International Standing

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NIS: Corruption Poses Existential Threat to National Security, Economic Development, Nigeria’s International Standing

By: Michael Mike

The Comptroller General of the Nigeria Immigration Service (NIS), Kemi Nandap has identified corruption as a serious threat to national security, economic development, and Nigeria’s global reputation.

Speaking in Abuja on Thursday at the inauguration ceremony of the NIS Anti-Corruption and Transparency Unit (ACTU) Desk Officers for formations and commands across the country, Nandap noted that the fight against corruption is inseparable from effective border management.

The inauguration marks a major step toward deepening institutional integrity and accountability in NIS and underscored the Service’s resolve to embed ethical governance at all operational levels through a decentralized and preventive anti-corruption structure.

Speaking at the event, the Comptroller General described the deployment of ACTU Desk Officers as a strategic shift from a largely centralized and reactive approach to a grassroots-driven framework aimed at preventing misconduct and shaping organisational culture.

She emphasized that the Nigeria Immigration Service, as a key agency responsible for border governance and migration management, must uphold the highest standards of professionalism, transparency, and accountability.

She said: “Today marks a deliberate and consequential milestone in our collective resolve to strengthen institutional integrity, transparency, and operational excellence within the Nigeria Immigration Service. We are gathered not merely to inaugurate officers, but to entrench a proactive, grassroots framework for ethical governance through the deployment of Anti-Corruption and Transparency Unit (ACTU) Desk Officers across all formations of the Service.

“The Nigeria Immigration Service stands as a critical sentinel at our nation’s gateways. We are entrusted with the solemn responsibility of border governance and migration management. This trust confers significant authority and, with it, an uncompromising obligation to uphold the highest standards of integrity, professionalism, and accountability.

“Corruption is not merely an administrative failing; it is an existential threat to national security, economic development, and Nigeria’s international standing. It erodes public confidence, weakens the rule of law, and creates avenues for transnational crime. Consequently, the fight against corruption is inseparable from our core mandate of effective border governance.”

She noted that: “While the Service has long maintained codes of conduct and disciplinary mechanisms, the establishment of ACTU Desks represents a strategic shift—from a largely centralized and reactive model to a decentralized, preventive, and culture-shaping framework. You, our newly inaugurated Desk Officers, constitute the foundation of this transformation.

“You are not mere additions to the establishment. You are ethical champions, standard-bearers, and first responders within your respective formations. Your selection was neither incidental nor symbolic; it followed a rigorous process that prioritised proven integrity, courage, and sound judgment. You now serve as accessible and trusted pillars for promoting transparency and addressing misconduct at its source.”

She stated that the ACTU Desk Officers will operate under three core mandates: enlightenment, deterrence, and enforcement. Their duties include leading continuous sensitization on ethics and service regulations, providing confidential channels for reporting misconduct, and ensuring that proven cases of wrongdoing are addressed in line with extant laws and regulations. They will also monitor compliance with transparency measures in key service areas such as passport administration, visa processing, border operations, and the auction of seized items.

The Comptroller General called on Command Comptrollers and Heads of Formations to provide full support to the Desk Officers, stressing that their role is to strengthen, not undermine, command authority.

She assured the officers of the full backing of the Service leadership, urging them to remain firm and fearless in the discharge of their duties despite possible resistance.

The inauguration, she noted, sends a clear signal of the Service’s zero-tolerance stance on corruption and its commitment to building a professional institution that commands public trust and international confidence.

In his speech, the Chairman of Independent Corrupt Practices and Other Related Offenses Commission (ICPC), Dr. Musa Aliyu said: “Although the establishment of ACTUs in Ministries, Departments, and Agencies (MDAs) was initiated by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in collaboration with the Office of the Head of the Civil Service of the Federation (OHCS), ACTUs have now evolved into a government-recognized anti-corruption platform. These Units function as internal mechanisms to identify and address systemic weaknesses while ensuring compliance with ethical standards across MDAs.”

Aliyu, who was represented by the Director of the Systems Study and Review Department, Mr. Olusegun Adigun, noted that aligned with the Service’s vision to be a modern, effective and efficient Immigration Service, manned by well trained and motivated workforce, the ACTU will serve as a strategic instrument to support the Service in achieving these objectives through its mandated duties.

NIS: Corruption Poses Existential Threat to National Security, Economic Development, Nigeria’s International Standing

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