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
New civil service association wants Ogun governor to halt hurried implementation of contributory pension scheme until…
New civil service association wants Ogun governor to halt hurried implementation of contributory pension scheme until……
By: Bodunrin Kayode
The entire members of the Association of New Ogun Civil and Public Service Retirees have called on Governor Dapo Abiodun to halt any further accelerated action on the proposed contributory pension scheme (CPS) for civil servants.
The association which comprises more than 600 members and still counting as people are retiring wants Prince Dapo Abiodun, to consider their plights by shifting the proposed hurried implementation of the CPS forward to a later year when all vexatious aspects of the law that established the CPS would have been properly fixed.
In a release signed by about five of the worried retirees, led by Shadrach Omopariola, the members maintain we that “inline with this, we plead with His Excellency Prince Dapo Abiodun CON to order the payment of our monthly pension as from January 1st 2026 to bring back the hope of living in us and put smile on our faces.
“Your Excellency Sir, we heard that your Government is planning to introduce a new idea that is known as ‘Additional Pension Benefits’ This in itself is nothing to be compared with the gains and benefits of the Old Pension Scheme.
” Sir, the payment of our monthly pension would in no small measure improve not only the economic growth of our immediate families but would be a moral booster for the good people of Ogun State inline with Your Excellency’s Mantra of ‘Igbega ipinle Ogun Ajose Gbogbo wa Ni’.
“We will patiently wait for the payment of our gratuity with faith in the government of Ogun State to pay us as soon as possible.
“We remain law-abiding senior citizens of Ogun State even in this difficult situation where we have no money to take care of ourselves, our children, our aged parents, and other dependent relatives.
“We believe in your kind heartedness and goodwill that you will not close your eyes to our pleading but you will come to our rescue within the shortest time possible to bring happiness and joy to all of us.”
The release was jointly signed by Omopariola Shadrach, Adeyanju Joseph, Falola Kayode, Obasan Olufolake and Kayode Mulikat.
The contributory pension scheme is a new scheme first introduced by the fed government in June 2004 following the enactment of the pension reform act by President Olusegun Obasanjo.
The act was later repealed and replaced by the pension reform Act of 2014 which updated the terms of the scheme by exempting employees who had three years or less to retire, those who retired before the enactment, judicial officers, members of the armed forces and the secret service.
Teachers who should have led the list of these exemptions because of their thankless services to humanity like that of the military were completely ignored.
Sub nationals now trying to domesticate the scheme have equally refused to give teachers that special exemption they are entitled to for their thankless services.
New civil service association wants Ogun governor to halt hurried implementation of contributory pension scheme until…
News
At a Time of Fracture, Akpabio Frames AfCFTA as West Africa’s Last Best Shield Against Marginalisation
At a Time of Fracture, Akpabio Frames AfCFTA as West Africa’s Last Best Shield Against Marginalisation
…ECOWAS Parliament President Pushes for Bold Economic Shift
… Odumegwu-Ojukwu Calls for Accelerated Regional Economic Integration, Strengthen Institutional Cooperation
By: Michael Mike
In a region shaken by coups, economic strain and rising global protectionism, President of the Senate Godswill Akpabio has delivered what may be his most forceful case yet for urgent regional consolidation — casting economic integration not as an option, but as West Africa’s survival strategy.
Addressing lawmakers at the Extraordinary Session of the ECOWAS Parliament in Abuja, Akpabio framed the moment in stark terms: a world increasingly defined by hardened borders, supply-chain nationalism and geopolitical rivalry leaves little room for fragmented economies.
His message was unmistakable — West Africa must integrate or risk irrelevance.
At the centre of his argument is the full and uncompromising implementation of the African Continental Free Trade Area (AfCFTA). But beyond ceremonial endorsements, Akpabio challenged lawmakers to confront the uncomfortable truth that trade agreements without legislative alignment, infrastructure readiness and security guarantees remain symbolic.
He warned that if goods cannot move seamlessly from Lagos to Accra or Dakar to Abidjan without bureaucratic bottlenecks, then regional integration remains rhetorical.
More pointedly, Akpabio, who was represented by the Deputy Senate President, Barau Jibrin, linked insecurity directly to stalled economic progress, describing instability as the silent saboteur of intra-African trade. In a region where constitutional disruptions have tested ECOWAS cohesion, he suggested that economic interdependence could become a stabilising force — binding member states not only by treaties but by shared prosperity.
Observers say the Senate President’s remarks signal a shift in tone: from aspirational integration to enforceable integration.
He urged parliaments across the bloc to harmonise national laws with regional commitments, dismantle regulatory contradictions and invest in infrastructure that physically and digitally connects markets. Without such coherence, he warned, West Africa risks remaining a supplier of raw materials while importing finished dependency.
For Nigeria — the region’s largest economy — the speech carried added weight. Akpabio acknowledged that Nigerian growth cannot be insulated from regional fragility, implying that leadership now demands shared uplift rather than dominance.
The underlying message was clear: AfCFTA must move from conference halls into factories, ports, farms and fintech platforms. It must empower small traders, protect cross-border commerce from corruption and unlock value-added production within West Africa.
At a time when global trade blocs are consolidating power, Akpabio’s address positions ECOWAS at a crossroads — either deepen integration and negotiate the global arena collectively, or confront it divided and diminished.
On her part, the President of the ECOWAS Parliament, Mémounatou Ibrahima, called for decisive, measurable action to transform West Africa into a competitive economic bloc, warning that regional integration must move from declarations to delivery.
She declared that the Parliament’s mandate goes beyond representation — it is about responding to the expectations of over 400 million West Africans seeking peace, security and shared prosperity.
At the heart of the session is the implementation of the African Continental Free Trade Area (AfCFTA), which she described as a historic instrument capable of reshaping the region’s economic destiny — but only if fully embraced and effectively executed.

“The AfCFTA has entered its operational phase. Our responsibility is clear: to make it a lever for structural transformation in West Africa,” she said.
Ibrahima stressed that with nearly five decades of integration experience, ECOWAS must not merely follow continental reforms but lead and harmonize them, particularly as the region hosts the AfCFTA Secretariat.
However, she acknowledged stark realities confronting the bloc. Intra-regional trade remains below 10 percent of total trade, industrial capacity is weak, and most member states continue exporting raw commodities such as cocoa, cotton, palm oil and timber with minimal value addition.
“Our economies often compete rather than complement each other,” she noted, adding that delayed ratifications and the absence of clear national strategies in some member states risk slowing coordinated implementation.
Despite these constraints, she highlighted key strengths: a harmonized macroeconomic framework, a Common External Tariff, innovative trade facilitation tools like the Pan-African Payment and Settlement System (PAPSS), and a youthful population representing nearly one-third of Africa’s total demographic strength.
But for AfCFTA to deliver, she insisted, parliamentarians must act decisively — harmonizing legal frameworks, dismantling non-tariff barriers, overseeing community resources and ensuring inclusive participation of women, youth and private sector actors.
Beyond trade, Ibrahima outlined three strategic priorities for 2026: consolidating democracy and constitutional order, strengthening regional security cooperation, and advancing women’s leadership.
She welcomed the lifting of sanctions against Guinea following its December 2025 presidential election and urged peaceful electoral processes in Cape Verde, The Gambia and Benin, while encouraging dialogue in Guinea-Bissau.
On security, she warned that terrorism, violent extremism and transnational crime remain persistent threats that demand intelligence sharing, coordinated action and effective deployment of the ECOWAS Standby Force.

She also called for stronger implementation of gender inclusion commitments, urging the ECOWAS Female Parliamentarians Association to move from advocacy to measurable impact.
In declaring the seminar and Extraordinary Session open, Ibrahima challenged lawmakers to ensure that integration becomes tangible — measured not by speeches, but by expanded intra-regional trade, harmonized policies and improved livelihoods.
“Integration must not merely be proclaimed; it must be implemented,” she said.
Nigeria’s Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, in her intervention asked West African states to accelerate regional economic integration and strengthen institutional cooperation to confront emerging political, economic and security challenges across the sub-region.
Odumegwu-Ojukwu, who was represented by the Head ECOWAS National Unit at the Ministry of Foreign Affairs, Ambassador Nonyelum Afoekelu, in her opening remarks at the First Parliamentary Seminar and First Extraordinary Session of the ECOWAS Parliament, an event which was part of activities marking the Golden Jubilee of the Economic Community of West African States (ECOWAS), stated that regional leaders should use the platform to recommit to the future of integration and shared prosperity.
She said the programme comes at a critical time when West Africa must consolidate its integration agenda, strengthen institutional coherence and collectively respond to socio-economic and security threats affecting the region.
She described the seminar as a strategic platform for reflection, renewed commitment and practical policy dialogue aimed at deepening regional cooperation, harmonizing legislation and accelerating the realisation of ECOWAS objectives.
She also described the keynote theme of the seminar, “Deepening Regional Integration through the African Continental Free Trade Area (AfCFTA): Opportunities and Challenges for the Expansion of Intra-Community Trade within the ECOWAS Region,” was described as highly relevant to the region’s development trajectory.
She noted that declining regional trade has been aggravated by insecurity, unconstitutional changes of government, climate change impacts and other transnational threats that continue to disrupt cross-border commerce.
However, she emphasized that the African Continental Free Trade Area presents a historic opportunity for West Africa to expand trade, attract investment and strengthen regional value chains.
Odumegwu-Ojukwu stressed that ECOWAS is not starting AfCFTA implementation from scratch, noting that the region already has a strong foundation through the ECOWAS Trade Liberalization Scheme (ETLS), which promotes the free movement of goods originating within Member States.
She explained that the ETLS provides a tested institutional and legal framework that can be harmonised with continental trade structures to accelerate economic integration across Africa.
By leveraging existing regulatory instruments and dispute resolution mechanisms, she said ECOWAS can become a continental leader in operationalising AfCFTA and improving the global competitiveness of West African businesses.
She however emphasised that the ECOWAS Parliament must play a central role in translating regional agreements into domestic policies.
She said the Parliament serves as a bridge between regional commitments and national implementation by working with national governments and legislatures to ensure trade policies are aligned with AfCFTA objectives.
In practical terms, she called for: Ratification and harmonisation of trade-related legislation; Adequate budgetary allocations for AfCFTA implementation; Strong oversight of executive compliance; Increased engagement with private sector actors, customs authorities and civil society organisations
Through legislative diplomacy and policy scrutiny, she said the Parliament can help remove regulatory bottlenecks and eliminate non-tariff trade barriers that hinder regional commerce.
Odumegwu-Ojukwu urged delegates to actively participate in deliberations to ensure the session produces practical and actionable outcomes for regional development.
She expressed confidence that the seminar would help strengthen West Africa’s integration agenda and support long-term economic prosperity for the region’s citizens.
As ECOWAS celebrates its 50th anniversary, regional leaders say the focus remains on transforming integration commitments into real economic opportunities for businesses, traders and young entrepreneurs across West Africa.
At a Time of Fracture, Akpabio Frames AfCFTA as West Africa’s Last Best Shield Against Marginalisation
News
GOC convoy foils ambush, kills five terrorists, recovers weapons cache in Kebbi
GOC convoy foils ambush, kills five terrorists, recovers weapons cache in Kebbi
By: Zagazola Makama
A convoy of the General Officer Commanding (GOC), 8 Division and Commander Sector 2 of the Joint Task Force North West Operation FANSAN YAMMA, successfully repelled a deadly ambush near Mayama Hill in Kebbi State, resulting in the neutralization of five suspected Lakurawa terrorists.
The attack occurred as the convoy was en route to visit frontline troops deployed in the state. Armed assailants opened fire from the forested terrain, but the convoy responded swiftly with overwhelming force, foiling the ambush and disrupting the attackers’ plans.

A subsequent sweep of the area led to the recovery of a substantial cache of weapons and materials, including an OJC gun, a PKT gun, two AK-47 rifles, four AK-47 magazines, a bandolier of PKT ammunition, several rounds of 12.7mm ammunition, five motorcycles, two mobile phones, and a camel bag containing ₦840,000.

Troops remain deployed and vigilant in the area to maintain security and prevent further terrorist activity.
Security sources said the operation sent a strong deterrent message to insurgent groups operating in the North West region.
GOC convoy foils ambush, kills five terrorists, recovers weapons cache in Kebbi
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
News10 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
