News
ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA
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:
- Repeal of existing taxes and levies especially those that are suboptimal, obsolete or unduly burdensome and enactment of new harmonised tax laws;
- Preparation of a harmonised list of taxes and levies, not exceeding a single digit in number and covering all levels of government;
- 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;
- A national fiscal risk framework for efficient fiscal governance, fiscal consolidation and stability;
- Draft bills for constitutional amendments on fiscal matters to promote fiscal federalism;
- Enhancements to the revenue administration system to improve revenue mobilization and a robust framework for tax revenue accounting and reporting to improve taxpayer trust;
- 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
News
Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria
Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria
By: Zagazola Makama
Hundreds of members of the The Islamic Movement in Nigeria (IMN) in Kano on Saturday staged a protest against a viral statement attributed to United States President Donald Trump, suggesting the possibility of a military strike on Nigeria.
The protest, which took place in several parts of the Kano metropolis, saw large crowds chanting anti-US slogans while carrying placards expressing displeasure with the alleged remarks.

Zagazola Makama report that mobilisation for the protest was largely coordinated through Hausa-language social media platforms, where posts claimed that the United States was planning to “attack Nigeria.”
Video footage circulating online showed youths marching, calling for global condemnation of Trump’s alleged comments, and urging Nigerians to defend the country’s sovereignty.
The members said they viewed the comments as provocative and capable of inciting tension.
“The statement is unacceptable. No foreign nation should threaten Nigeria. This protest is to show that we will not allow external aggression,” a protester said.

The narratives circulating online suggest a growing trend of anti-US sentiment in parts of northern Nigeria, fuelled by misinformation, distrust of Western involvement, and emotional messaging tied to religion and national identity.
They expressed concern that such rhetoric, if unchecked, could escalate and be exploited by extremist groups or political actors.
Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria
News
Anambra 2025: NSCDC Assures Voters of Safety
Anambra 2025: NSCDC Assures Voters of Safety
By: Michael Mike
As the people of Anambra State prepare to cast their votes, the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Prof. Ahmed Audi has reaffirmed the Corps’ dual commitment to protecting lives and securing Critical National Assets and Infrastructure (CNAI) while ensuring a peaceful and credible electoral process.
Speaking through the Deputy Commandant General in charge of Operations, DCG Philip Ayuba, the CG assured citizens that NSCDC personnel deployed for election duty have been thoroughly briefed to operate with professionalism, neutrality, and utmost respect for human rights throughout the exercise.
He said: “Our presence at the polling stations is to protect, not to interfere. We are there to create an atmosphere where voters feel safe, confident, and free to exercise their civic rights.”
He noted that the Corps’ responsibility extends beyond providing physical security to ensuring the protection of critical installations such as electricity, water supply, communication facilities, and other public utilities that support the electoral process and national stability.

“Our mandate compels us to safeguard the assets that keep the nation running, because the credibility of any election depends not just on the safety of voters, but also on the protection of the systems that sustain it,” the CG added.
Audi emphasized that the NSCDC remains steadfast in its constitutional role of protecting lives, securing public infrastructure, and promoting peace during national assignments. He charged officers to maintain vigilance around INEC facilities, government buildings, and other strategic locations, warning that any compromise or political involvement would attract strict disciplinary action.

The Commandant General further assured that the NSCDC will continue to work in synergy with the Nigeria Police Force, the Armed Forces, and other security agencies under the Inter-Agency Consultative Committee on Election Security (ICCES) to deliver a smooth and transparent process.
He appealed to voters to remain calm, law-abiding, and cooperative with security agencies, reiterating that their safety, the protection of vital assets, and the credibility of the election remain the Corps’ top priorities.
End
News
Officials of NCS Accused of Violations of Extant Laws in Auctioning Process
Officials of NCS Accused of Violations of Extant Laws in Auctioning Process
By: Michael Mike
The President of the Association of Licensed Auctioneers of Nigeria, Musa Kurra, has accused officials of the Nigeria Customs Service of engaging in widespread impunity and violating extant laws in disposal of seized goods and containers.
Kurra made the allegation in a statement on Friday, where he described some of the actions of Customs officers in conducting direct allocations of seized items to politically connected companies and individuals as “the reckless disregard for due process”
The allegation was made against the backdrop of leaked documents which exposed direct allocation and sales of impounded containers to some firms by the NCS.
The allocation letters titled: “Direct Auction Allocation of Containers” were signed by HH Hadison, Comptroller, Special Duties, between April and July 2025.
The letters, which bear the seal of the Nigeria Customs Service Committee on Direct Disposal of General Goods, were issued to multiple private companies approving the allocation of 40-foot containers containing vehicles, prefabricated houses, construction slabs, tiles, hospital equipment, and cartons of goods, at auction fees ranging from N1m to N2m.
A review of at least five separate letters suggests a pattern of manual approvals allegedly linked to insiders within the agency.
Each letter followed a similar format, bearing the same signatory, HH Hadison, fwc, psc(+), Comptroller, Special Duties, and written on the Customs’ letterhead and watermark with the “RESTRICTED” mark.
One of the letters, dated 31 July 2025 and addressed to a company with the code MSMU8098517, approved the release of four containers reportedly containing luxury vehicles, including Lexus RX330s, Lexus ES330s, and a Toyota Highlander, at the Tin Can Island Port, Lagos. The vehicles were auctioned at a combined fee of N2m.
Another document dated 15 June 2025 approved the disposal of a container marked TCKU0400440, described as a “prefabricated house,” at N2m, while a separate letter from May 2025 allocated a container of “construction slabs” under similar conditions.
Two earlier letters dated 11 and 17 April 2025, respectively, allocated several containers containing “used hospital equipment,” “cartons of drinks,” “Versace bond cement,” “pallets of tiles,” and “packages of steel,” to unnamed companies, also for N1m to N2m each.
In each of the approvals directive was beneficiaries to make payments within five working days and evacuate the containers within 10 working days or risk forfeiture.
The letters also warned that allocations “transferred or sold to third parties shall be at the buyer’s risk.”
One of the letters titled, ‘Direct auction allocation of containers’ read in part, “I am directed to inform you that the Comptroller-General of Customs has allocated the listed containers to your company.
“This approval is in line with the provisions of the Nigeria Customs Service Act 2023, section 119, via direct auction sale. The containers shall be released to the beneficiary subject to the following conditions which are designed to ensure transparency and integrity throughout this direct auction allorati process
“Evidence of payment of the Auction Fee and 7.5 per cent VAT of the Auction Fee, all to be made at any duty-collecting bank. You are to pay the following charges in addition to the above.
“Payment of 25 per cent of the auction fee being terminal charges. Payment of 25 per cent of the auction fee, including shipping charges.
“You are to provide evidence of payment within 5 working days upon receipt of this auction allocation letter; otherwise, the allocation will be forfeited. All containers disposed of must be evacuated from the premises within 10 working days after payment or time forfeiture. Furthermore, you are to note the following caveats; Applications for the replacement of allocated containers would not be entertained.
“Any allocation letter transferred or sold by the allottee to a third party shall be at the buyer’s risk.
“Please accept the assurances of the highest esteem and regard of the Comptroller-General of Customs.”
Kurra while alleging an underhand tactics in the auctioning, said the recurring pattern of N2m per container suggests a fixed-fee arrangement inconsistent with the valuation process typically applied during legitimate auctions.
He said: “I don’t know why people choose not to respect the law anymore. The impunity with which the Service is carrying out things now is better imagined,” Kurra said. “I don’t understand what kind of country we are.”
He explained that the Bureau of Public Procurement, which was established by law as the regulatory body overseeing procurement matters, also has oversight responsibility in auction processes since auctions involve public assets and financial transactions.
“You see, there is an agency called the Bureau for Public Procurement. The BPP happens to be the regulatory body in charge of anything that has to do with procurement. An auction has to do with procurement,” he said. “BPP’s Act was promulgated by the National Assembly and assented to by the President.”
Kurra, you hike referencing the Proceeds of Crime (Recovery and Management) Act, which he said clearly outlines how confiscated or forfeited assets should be managed and disposed of by any law enforcement agency, explained that: “Under the Proceeds of Crime (Recovery and Management) Act 2022, all forfeited or seized assets by law enforcement agencies, including Customs, are to be disposed of through transparent processes, either by public auction or sale, supervised by the relevant oversight bodies. The Act prohibits direct allocation or sale of seized items to individuals or organisations outside approved channels, with violations attracting criminal sanctions.
“The POCA Act takes care of everything that concerns dealing with forfeited items. Anything that is a proceed of crime must be valued by a qualified valuer before auctioneers are invited to sell the property,” he explained. “But Customs has been flouting these provisions without remorse.”
According to him, the so-called “direct auction allocations” being carried out by the Nigeria Customs Service are illegal and not backed by any law.
“If they follow due process, we don’t have issues with them,” he said. “But when they flagrantly abuse powers that don’t belong to them, that’s where the problem lies. There is no law anywhere in this country that gives them the right to do what they are doing.”
Kurra alleged that Customs officers have been allocating seized cars and containers at ridiculous prices to cronies and companies linked to senior officials.
“What is happening is that Customs officers are issuing cars and seizing items at lower amounts without any publicised auctioning,” he said. “There was a time the Service allocated 380 vehicles to one company for N3.8 million. Among those vehicles were Prados, Hiluxes, and Benzes, each going for N10,000. This is robbery.”
He also cited another instance where 53 vehicles were allegedly allocated to a single company for N530,000, translating to about N10,000 per vehicle.
“Even a bicycle now cannot sell for N10,000, not to talk of a Prado or a Hilux,” Kurra said. “When we traced some of these deals, we discovered that the companies involved belong to Customs officers and their families.”
The auctioneers’ president called on the Federal Government to urgently intervene, warning that unchecked corruption and illegality within the Customs Service are denying Nigeria significant revenue.
“If the government is serious, they need to checkmate these people,” he said. “The president needs money to work for the people, but instead of generating it lawfully through Customs and other agencies, some individuals are enriching themselves.”
Kurra argued that the current situation leaves Customs as both the seizing authority, the valuer, and the auctioneer, a process he described as lawless and self-serving.
“In the case of Customs, they seize, they value, they auction, all by themselves. So, who is regulating them? Nobody,” he lamented. “There is a law guiding these things, but they ignore it. It’s time the government steps in to restore sanity
End
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