Connect with us

News

ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

Published

on

ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

…As NEC appeals to organized labour to shelve planned strike

By: Michael Mike

The Vice President, Senator Kashim Shettima, has identified stability as one of the primes in the economic agenda of the Tinubu administration for the year 2024.

This is just as the National Economic Council (NEC) has appealed to the Organised Labour to shelve its planned strike, saying President Bola Tinubu remains committed to the welfare of Nigerian workers.

The Vice President stated that government at the federal, state and local government levels must remain committed to reevaluating their priorities, streamlining processes, and making bold decisions that would reflect key social issues, including social protection, social investment and nutrition.

Senator Shettima stated this on Thursday at the 136th meeting of the National Economic Council (NEC) held in the Council Chamber of the Presidential Villa, Abuja.

NEC, a statutory body that has the mandate to advise the President on the nation’s economic affairs, is chaired by the Vice President, with the Governors of the 36 states of the federation, the Governor of the Central Bank of Nigeria (CBN), Minister of Finance and other stakeholders as members.

In his opening address at the NEC meeting titled, ‘Planning for Stability: Our Agenda for Economic Growth in 2024’, Vice President Shetimma reminded the governors and other members of NEC that the weight of the tough decisions to rescue Nigeria’s economy depends on their cooperation and goodwill.

He noted that what has set President Bola Ahmed Tinubu apart as a Nigerian leader is the courage to embark on fixing the country’s economy through bold reforms.

Identifying stability as a major priority in next year’s economic agenda, the VP said, “It took courage to embark on fixing an economy hindered by decades of political lip service. But that’s what has set President Bola Ahmed Tinubu apart: his bold reforms to reposition the economy and save it from further erosion.

Other highlights of the meeting are as follows;

ACCOUNTS BALANCES:

Excess Crude Account: – $473,754.57

Stabilization Account – N34,936,868,803.58

Development of Natural Resources – N128,330,636,441.14

The Governor of Kogi State and chairman of the Committee on impact of Flood and Disaster Across the States in Nigeria, Yahaya Bello, categorized states based on degrees of damage.

He classified the states as:

Group A
States with over 15 points (most affected)
Anambra, Bauchi, Bayelsa, Benue, Borno, Kogi, Nasarawa, Niger, Rivers, Enugu, Kano, Oyo, Yobe, Zamfara
Group B
States with 10-15 points
Cross River, Delta, Jigawa, Kwara, Ondo
Group C
States with less than 10 points
Katsina, Abia, Adamawa, Akwa Ibom, Bauchi, Ebonyi, Edo, Ekiti, Gombe, Imo, Kaduna, Katsina, Kebbi, Lagos, Ogun, Osun, Plateau, Sokoto, Taraba, FCT.

COUNCIL RESOLUTION:

NEC resolved to develop a roadmap for intervention and directed NEMA to provide immediate intervention on relief to affected states. Roadmap to be developed and articulated by NEC with the Chairman of the Nigeria Governors Forum.

Presentation on the Joint Planning Board (JPB) And National Council on Development Planning (NCDP)

The presentation on the National Council on Development Planning (NCDP) and the Joint Planning Board (JPB) meetings serve as a platform for bringing together Senior Officials from Federal and State ministries, as well as other related Agencies responsible for Budget and Economic Planning, Representatives of the Organized Private Sector, the Academia, Development Partners and Civil Society Organizations to engage in in-depth discussions on economic policy issues, with a view to propose an optimal approach for enhancing economic management processes at both National and Sub-national levels.

B. Status Report on the Implementation of Key Resolutions of the 21st Edition of the JPB/NCDP Meetings

i. The FMBEP should collaborate with the States in the process of designing a template for harvesting the status of implementation of the JPB/NCDP resolutions, factoring the peculiarities of each State. i. The FMBEP should collaborate with the States in the process of designing a template for harvesting the status of implementation of the JPB/NCDP resolutions, factoring the peculiarities of each State.

C. Energy Sufficiency for Sustainable Economic Development: Options for Nigeria

i. Government at all levels should promote the migration of Heavy-Duty Industries/Transport systems from fossil fuel to Gas Infrastructure;

ii. Given the new Electricity Act that empowers States and individuals to participate in all components of the energy sector, State Governments should carry out energy audit to determine Energy needs and explore areas for collaboration with the private sector based on their comparative advantage; iii. States should develop small hydropower plants, on or off-grid, and solar, for communities and MSMEs; iv. The three tiers of Government should institute initiatives for the promotion of attitudinal change regarding energy use, wastage, and theft; and v. The government should promote Research and development, Local Content, New Energy (Hydrogen, Biofuels) Prototype Investments for energy sufficiency.

COUNCIL RESOLUTION:

Council noted that the meeting was successful and approved regular interaction and synergy among commissioners of Economic Planning across the federation.

PRESENTATION ON THE PRESIDENTIAL COMMITTEE ON FISCAL POLICY AND TAX REFORMS

The chairman of the Committee Mr. Taiwo Oyedele made presentation to the NEC on the fiscal policy and Tax Reforms, disclosing that the Committee was set up by His Excellency, President Bola Ahmed Tinubu, GCFR, to review and redesign Nigeria fiscal system with respect to:

(1) Revenue mobilisation, both tax and non-tax

(2) Quality of government spending and

(3) Sustainable debt management in addition, the committee will identify relevant measures to make Nigeria an attractive destination for investment and facilitate inclusive Economic growth.

Deliverables and outcomes

The expected outcomes from the work of the committee will include, but not limited to the following:

  1. Repeal of existing taxes and levies especially those that are suboptimal, obsolete or unduly burdensome and enactment of new harmonised tax laws;
  2. Preparation of a harmonised list of taxes and levies, not exceeding a single digit in number and covering all levels of government;
  3. Review of the 2017 National Tax Policy to produce a new National Policy on Tax and Fiscal Policy for ratification by the federal and state governments;
  4. A national fiscal risk framework for efficient fiscal governance, fiscal consolidation and stability;
  5. Draft bills for constitutional amendments on fiscal matters to promote fiscal federalism;
  6. Enhancements to the revenue administration system to improve revenue mobilization and a robust framework for tax revenue accounting and reporting to improve taxpayer trust;
  7. Establishment of National Office of Tax Ombudsman, Fiscal Policy and Tax Simplification.

COUNCIL RESOLUTION

Council noted the presentation

UPDATES ON PALLIATIVE DISTRIBUTION ACROSS THE STATES

The Governor of Kwara State, Abdulraman Abdulrazaq gave an update on the distribution of palliatives across the States. He told Council that members are making progress and urged them to re-double efforts as states looked forward for more interventions.

ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Troops rescue abducted Biu Councillor, religious cleric in Borno as hunt continues for five others

Published

on

Troops rescue abducted Biu Councillor, religious cleric in Borno as hunt continues for five others

By: Zagazola Makama

Troops of the Nigerian Army under Operation Hadin Kai have rescued two civilians abducted by terrorists along the Buni Gari–Buratai road in Borno, following a swift search-and-rescue operation.

Sources told Zagazola Makama that the rescue was carried out by troops of 27 Task Force Brigade in conjunction with 135 Special Forces Battalion and members of the Civilian Joint Task Force (CJTF).

The sources said the operation was launched at about 7:35 a.m. on Wednesday after the kidnapping of seven civilians at about 5:00 p.m. on Tuesday along the Buni Gari–Buratai axis.

“Consequently, at about 11:35 a.m. on Wednesday, troops discovered two of the kidnapped victims who were abandoned by the terrorists upon hearing the movement of troops towards their location ahead of Mangari village,” the source said.

The rescued victims were identified as Alhaji Mohammed Ali Maiakachi, a serving councillor representing Zera/Wuyep Ward in Biu Local Government Area, and Mallam Aliyu Yusuf, an Islamic scholar and Chairman of Shuaaraul Islam, Borno State.

The troops, according to the source, immediately secured the release of the victims and pursued the fleeing terrorists for about 5.4 kilometres, but no contact was made.

The rescued victims reportedly informed troops that five other civilians were still being held captive, including the past and current Vice Chairmen of Biu Local Government Area, as well as three women.

“The effort to rescue the remaining five civilians is ongoing,” the source added.

The victims were initially taken to medical reception station for medical attention before being moved to Biu, where they were reunited with their families.

Troops rescue abducted Biu Councillor, religious cleric in Borno as hunt continues for five others

Continue Reading

News

Northern Christian Youth Coalition Calls for Sack of Matawalle

Published

on

Northern Christian Youth Coalition Calls for Sack of Matawalle

By: Michael Mike

The Northern Christian Youth Coalition (NCYC) has asked for the sack of the Minister of State for Defence, Bello Matawalle, over what it described as “grave allegations” undermining the integrity of the nation’s security architecture.

In a statement issued on Thursday by its National Coordinator, Jeremaid Hudso Bako, the group said the call was driven by the need to uphold accountability and restore public trust in government institutions.

Bako said the recent dismissal of Farouk Ahmed, the former Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), was a welcome step toward promoting transparency in public service but urged that the same standard be applied to other high-ranking officials facing serious allegations.

He said: “The recent dismissal of Farouk Ahmed, the former chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), serves as a crucial reminder of the need for accountability in public office. While we commend this action, we must insist that the Bola Ahmed Tinubu administration extend this cleansing process to include the Minister of State for Defense.

“The accusations against Bello Matawalle are not only severe but also deeply troubling, as they touch upon issues of national security that are paramount to the stability and safety of our nation.

“The allegations surrounding Bello Matawalle are grave and cannot be overlooked. Reports indicate that he has been implicated in various activities that compromise the integrity of our defense apparatus and, by extension, the safety of our citizens.

“In a time when insecurity looms large over our nation, with rampant banditry, terrorism, and other forms of violence threatening the very fabric of our society, it is unacceptable to have a Minister of State for Defense whose actions may exacerbate these challenges.

“The defense of our nation is not merely a bureaucratic function; it is a sacred duty that demands the highest standards of ethical conduct and accountability.
As Northern Christian Youth Coalition, we are deeply concerned about the implications of retaining an individual in such a critical position when there are credible accusations against him.

“The Ministry of Defense is tasked with safeguarding our nation’s sovereignty and ensuring the protection of our citizens. Any compromise in this regard is not just a failure of leadership; it is a betrayal of the trust placed in public officials by the people. We believe that the integrity of our government must be upheld, and this can only be achieved through decisive action against those who threaten it.”

Bako noted that the defence portfolio is a “sacred trust” that demands the highest standards of ethical conduct and transparency.

The NCYC stressed that the Tinubu administration’s stated commitment to transparency, accountability, and good governance must be reflected in decisive action against officials whose conduct raises questions of integrity.

He said: “Thhe failure to act against Bello Matawalle would send a contradictory message, undermining the very principles that the administration seeks to uphold.

“It is essential that the government demonstrates its resolve to cleanse the ranks of leadership of any elements that may threaten the stability and security of our nation.

“Moreover, the Northern Christian Youth Coalition believes that the removal of Bello Matawalle is not just about addressing individual misconduct; it is about setting a precedent for future governance. It is a clarion call for all public officials to understand that their actions have consequences and that accountability is non-negotiable.

“We urge President Bola Ahmed Tinubu to take this opportunity to reinforce the values of integrity and accountability within his administration, ensuring that all officials are held to the highest standards of conduct.

“The Northern Christian Youth Coalition calls upon the President to act swiftly and decisively in the matter of Bello Matawalle’s continued tenure as Minister of State for Defense.

“The time for action is now, as the safety and security of our nation depend on the integrity of those who lead us. We stand ready to support any measures that will contribute to the establishment of a clean and accountable government, one that prioritizes the welfare of its citizens above all else.”

Northern Christian Youth Coalition Calls for Sack of Matawalle

Continue Reading

News

COAS vows overhaul of Nigerian Army training, operations after 2025 conference

Published

on

COAS vows overhaul of Nigerian Army training, operations after 2025 conference

By: Zagazola Makama

The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has pledged a comprehensive overhaul of the Nigerian Army’s training, operations and administrative systems to align with evolving security threats and his command philosophy.

Shaibu made this known on Thursday at the closing ceremony of the Chief of Army Staff Annual Conference 2025, attended by senior military leadership, including Principal Staff Officers from Defence and Army Headquarters, Corps and Theatre Commanders, General Officers Commanding, Brigade Commanders and heads of Army establishments.

The COAS said the conference provided a platform to critically assess the Army’s operational and administrative performance in 2025, with a view to consolidating plans for the coming year.

“It is gratifying that the past few days have been filled with robust and engaging interactions on administration, training and operations of the Nigerian Army,” he said.

According to him, deliberations at the conference revealed the need for immediate reforms to further transform the Army into a more professional, adaptable, combat-ready and resilient force capable of operating effectively in joint and multi-agency environments.

Shaibu announced that Army Headquarters, through the Department of Training, would soon commence a holistic review of curricula across all Nigerian Army schools, with emphasis on mission-specific and realistic training.

“My grand plan for the total overhaul of our schools’ training curriculum will be codified, as realistic training directly influences operational outcomes,” he said.

The COAS added that greater emphasis would be placed on the training and employment of Special Forces and Army Aviation to achieve desired operational outcomes.

He noted that intelligence briefings and operational updates presented at the conference underscored the increasing complexity of Nigeria’s security environment.

“This evolving threat spectrum necessitates enhanced capabilities in intelligence, surveillance, target acquisition and reconnaissance, as well as cyber operations,” Shaibu said.

He stressed the need for continuous learning, adaptation and innovation, particularly in the face of regional instability and global shifts in the character of warfare.

The COAS expressed appreciation to President Bola Ahmed Tinubu, the Commander in Chief of the Armed Forces for sustained political support, especially in military hardware and software procurement, and commended conference participants for what he described as unprecedented contributions.

COAS orders completion of barracks housing, unveils post-service accommodation drive

Abuja, Dec. 18, 2025 (NAN) — The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has ordered the speedy completion of all ongoing residential accommodation projects in Nigerian Army barracks nationwide to address housing shortfalls among personnel.

Shaibu gave the directive on Thursday while addressing participants at the closing ceremony of the Chief of Army Staff Annual Conference 2025 in Abuja.

He said improving troop welfare, particularly accommodation, remained a core component of his command priorities and a continuation of efforts initiated by past Chiefs of Army Staff.

“In line with our welfare commitments to all Nigerian Army personnel, I shall continue to build on the efforts of past Chiefs of Army Staff in addressing the crisis of accommodation shortages,” he said.

The COAS disclosed that all ongoing housing projects would be completed and allocated promptly, while new residential projects would be initiated across divisions and barracks nationwide.

“As a stopgap measure, the Nigerian Army will be investing in a more comprehensive spread of renovation works in all our barracks,” Shaibu added.

He acknowledged that despite progress made so far, significant gaps remained, which required deliberate and sustained intervention.

Beyond in-service accommodation, the COAS said the Army would continue to prioritise post-service housing for soldiers and officers to ensure dignity and stability after retirement.

“With all these efforts aimed at addressing existing accommodation shortfalls, we will continue to strike a balance by also securing post-service housing for all our soldiers and officers,” he said.

Shaibu announced that he would be in Ibadan, Oyo State, on Friday for the commissioning of the Affordable Home Ownership Option (AHOO) project for soldiers, as well as the Post-Service Housing Development Limited shopping complex.

“Under my watch, the post-service housing needs of all our soldiers will remain a top priority, with due attention to the completion of ongoing projects,” he assured.

The COAS expressed confidence that the housing schemes would significantly alleviate accommodation challenges faced by serving and retired personnel, describing them as a critical component of the Army’s broader welfare architecture.

He commended the Chief of Logistics (Army) and other stakeholders for their contributions, and reiterated his resolve to confront accommodation challenges “head on with all the seriousness it deserves.”

COAS vows overhaul of Nigerian Army training, operations after 2025 conference

Continue Reading

Trending

Verified by MonsterInsights