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ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

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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

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Kano 2026: 19 Northern States battle for glory at maiden table tennis championship

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Kano 2026: 19 Northern States battle for glory at maiden table tennis championship

The ancient city of Kano is set to become the epicenter of Nigerian Table Tennis as the maiden Northern Nigeria Table Tennis Association (NNTTA) Championship officially kicks off tomorrow, Saturday, January 31st, 2026. The high-stakes tournament will be hosted at the Indoor Sports Hall of Sa’adatu Rimi College of Education, Kano.

This landmark event is powered by the massive support and strategic vision of the Vice President of the Nigeria Table Tennis Federation (NTTF), His Excellency, Hon. Khamisu Ahmed Mailantarki. The championship marks a dramatic shift in the promotion of the sport, aiming to elevate Northern talent to national and global elite status.

For the first time in recent history, elite athletes and rising stars from all 19 Northern States will compete for glory. The debut championship features three highly anticipated categories that includes the Men’s Single (battle for the region’s top ranking), Veterans’ Category (celebrating the legends and mentors of the game) and the Super Cup (A high-intensity clash for the ultimate trophy) which will see the region’s top stars compete against the Championship’s top four to be crowned at the end of the maiden NNTTA tourney.

Athletes will be competing for a prestigious haul of Medals, Trophies, and significant Cash Prizes, setting a new standard for regional tournaments in Nigeria.

Speaking on behalf of the Vice President during the pre-tournament press briefing, Adamu Usman Ahmed emphasised that this championship is not just a one-off event but a long-term developmental blueprint.

“His Excellency, Hon. Khamisu Mailantarki, gives his full assurance that this Kano Championship is just the beginning. Our mission is to bridge the regional gap and provide a platform where Northern players can transition into national heroes. We commend the Kano State Table Tennis Association for their hospitality and readiness to host this historic first edition.”

The Vice President further promised that outstanding performers, especially in the active player categories, will receive dedicated support for advanced career development, including potential national team invitations and international exposure.

Meanwhile the Chairman of Kano State Table Tennis Association, Dr. Mustapha Garga stated that about 10 million naira has been set aside for the success of the maiden Championship with participants already arriving the host state of Kano.

Mustapha further commended the massive contribution and support of the NTTF Vice Hon Khamisu Ahmed Mailantarki in ensuring a historic and befitting championship where potential elites are expected to emerge to represent Nigeria at National and international Championships respectively.

Kano 2026: 19 Northern States battle for glory at maiden table tennis championship

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NGX to strengthen economic environment to woo more investors- Kwairanga

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NGX to strengthen economic environment to woo more investors- Kwairanga

Dr Umaru Kwairanga, the Chairman, Nigerian Exchange Group has restated the NGX’s commitment to providing market infrastructure that inspires investor confidence and supports both domestic and international participation.

Kwairanga made the pledge at a dinner organised by the US-Nigeria Council held in Lagos on Thursday.

He stated that capital markets remained a vital bridge in the partnership between the United States and Nigeria.

According to him, efficient, transparent, and well-regulated markets enable businesses to grow, infrastructure to be financed, and innovation to scale.

“From the perspective of Nigerian Exchange Group, we remain committed to providing market infrastructure that inspires investor confidence and supports both domestic and international participation, including from American institutions and enterprises.

“The growing engagement of global investors in Nigeria reflects confidence in our long-term fundamentals and in the reforms underway to strengthen our economic environment.

“As market operators, our responsibility is to ensure that opportunities discussed in forums like this can find practical expression through credible platforms for capital formation and investment,” he said.

Kwairanga lauded the leadership of the US–Nigeria Council for its continued commitment to strengthening the bonds between the two nations.

According to him, the relationship between the United States and Nigeria is one of strategic importance and deep potential.

He described the partnership which he said was grounded in mutual respect, economic complementarity, and a shared belief in enterprise, as a driver of prosperity.

He said that Nigeria as Africa’s largest economy and most populous nation, remained a key partner for the United States in advancing trade, investment, and sustainable development across the continent.

“The US–Nigeria Council plays a critical role in translating goodwill into tangible outcomes.

“By convening leaders from government and business, it helps move conversations from intent to implementation, supporting collaboration in areas that directly affect livelihoods, from food security and agricultural value chains to trade expansion and long-term investment.

“In today’s interconnected global economy, our complementarities are clear. Nigeria brings scale, a youthful and entrepreneurial population, abundant resources, and expanding markets.

“The United States brings capital, innovation, technology, and deep institutional expertise. When these strengths align, the results can be transformative, not only for our two countries, but for broader regional growth,” he said.

The NGX boss thanked American partners for their enduring engagement with Nigeria, stressing that, “your participation in our economy and confidence in our future is deeply valued.”

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Governor Buni seeks FG’s support to establish a kidney center in Yobe

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Governor Buni seeks FG’s support to establish a kidney center in Yobe

By: Yahaya Wakili

Yobe state governor, Hon, Mai Mala Buni CON,COMN has appeal to the federal government to establish a Federal Kidney Disease Center in the state to save the people of the state from this deadly scourge.

Buni added that the government will establish an additional dialysis center in Gashu’a to save patients of kidney disease from travelling long distances to access care.

The governor made the appeal today while commissioning the Biomedical Science Research and Training Centre (BIORTC) permanent site and celebrating Teeneagle Champions and the Identification of Talent Potentials at Yobe State University, Damaturu.

Governor Buni maintained that Africa has been subjected to relying on medical and other research that is conducted in different climes, environments, cultures, and lifestyles without recourse to our peculiarities and genetic diversity.

“I am proud that BIORTC has established Africa’s first major Induced Pluripotent Stem Cell (IPSC) biobank with an African-centered focus, and also BIORTC is leading the establishment of one of Nigeria’s most ambitious and deeply characterized dementia research cohorts. ” he added.

He reaffirmed his commitment to the state-funded kidney disease initiative because this is what responsible governance demands: policy guided by evidence and investment guided by the health needs of the people. Governor Buni is the first African governor to be honored; this is quite inspiring, and he dedicated this award to the good people of Yobe with a pledge to do more.

“For many decades, several communities along the banks of the River Yobe have been plagued by chronic kidney disease, losing precious lives and throwing many families into agony on a daily basis, and this has been a major driving force for the establishment of the center to find a solution to this scourge.

“This administration is equally keen to see the innovative open-science work at BIORTC, including the building and testing of low-cost microscopes that can support field diagnosis and strengthen community-level health services, and urges the federal ministry of health to partner with BIORTC for open diagnostics on malaria microscopy and other related community-level diagnostic programs,” the governor said.

He maintained that the extraordinary performance of three young girls indigenous to Yobe State, Nafisa Abdullahi, Rukkaya Muhammad Fema, and Hadiza Kashim Kalli, at the 2025 TeenEagle competition reflects the success story of our investment in the education sector and noted that the federal ministry of education has designated Yobe State as a role model in foundational education, describing it as exemplary and worthy of emulation.

Buni emphasizes that under this administration, no child in Yobe state will be denied his or her right to education because of his or her economic background. He announces a government scholarship for the three young girls up to the tertiary level and a donation of ₦10 million to each.

Governor Buni seeks FG’s support to establish a kidney center in Yobe

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