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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
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EFCC Receives Petition Alleging $2.98m Fraud Against Senator Cyril Fasuyi, Wife
EFCC Receives Petition Alleging $2.98m Fraud Against Senator Cyril Fasuyi, Wife
By: Michael Mike
The Economic and Financial Crimes Commission (EFCC) has received a formal petition accusing Senator Cyril Fasuyi, who represents Ekiti North Senatorial District, and his wife, Mrs. Elizabeth Adun Fasuyi, of allegedly being involved in a $2,980,535 fraud linked to foreign business transactions.
The petition was filed by Mr. Nuel Wilson, West Africa Regional Representative of Integrated Packaging Systems FZCO (IPS Ingredis) and its Nigerian subsidiary, IPS Ingredis Integrated Systems Limited. It alleges conspiracy, fraudulent conversion, obtaining by false pretence, and diversion of funds arising from a long-standing commercial relationship.
According to the complaint, the business dealings began in 2015 after the Fasuyis, operating through Legacy Foods Limited, were introduced to the Dubai-based company by a third party. The foreign firm claims the couple presented themselves as credible and capable business partners, leading to multiple supply agreements for raw materials such as corn starch, maltodextrin, maltose syrup, and shortening.
The company stated that goods valued at over $9 million were supplied over the course of the relationship. However, it alleged that after the products were delivered and reportedly sold in Nigeria, an outstanding balance of $2,980,535 was never remitted despite repeated demands.
The petition further claims that investigations by the complainant indicated that proceeds from the sales were diverted for personal use rather than being returned to the supplier as agreed. It described the situation as a deliberate attempt to frustrate foreign investment and exploit trade relationships.
The EFCC, an agency mandated to investigate financial crimes and economic sabotage, reportedly acknowledged receipt of the petition on December 10, 2020, and is expected to review the allegations as part of its investigative process.
Mrs. Fasuyi was also named in the complaint as a co-accused, with the petition alleging her involvement in the transactions. At some point during related proceedings, she was reportedly present but allegedly evaded arrest by anti-graft operatives.
As of now, neither Senator Fasuyi nor his wife has issued a public response to the allegations.
EFCC Receives Petition Alleging $2.98m Fraud Against Senator Cyril Fasuyi, Wife
News
NHRC Demands Answers as Civilian Deaths from Military Airstrikes Trigger Fresh Outrage
NHRC Demands Answers as Civilian Deaths from Military Airstrikes Trigger Fresh Outrage
By: Michael Mike
The National Human Rights Commission (NHRC) has demanded a full explanation from the Nigerian Air Force over the recurring wave of civilian casualties linked to military airstrikes across parts of the country, warning that the continued loss of innocent lives is unacceptable and raises grave human rights concerns.
Executive Secretary of the Commission, Tony Ojukwu, said the repeated bombings of civilian communities, markets and vulnerable populations under the guise of counter-insurgency operations have become deeply disturbing and cannot continue without accountability.
While acknowledging the responsibility of the Nigerian State to combat insurgency, banditry and terrorism, Ojukwu stressed that military operations must comply strictly with constitutional provisions, international humanitarian law and Nigeria’s human rights obligations.
“The repeated reports of civilian deaths and injuries, including women, children and other vulnerable persons, arising from aerial bombardments raise serious concerns regarding the protection of the right to life and human dignity,” he stated.
The Commission specifically questioned why civilian casualties linked to airstrikes have continued to recur despite previous public outrage and repeated promises of operational reforms.
“Nigerians deserve to know why this has become a recurring decimal,” Ojukwu said.
He cited recent incidents recorded within April and May alone, including reported airstrike casualties at Jilli Market in Yobe State, Shiroro Market in Niger State and Tumfa Market in Zamfara State.
“For how long will this continue?” he asked.
The Chief Human Rights Officer warned that the principles of distinction, necessity, proportionality and accountability remain binding obligations under international humanitarian law and must guide every military engagement, especially in conflict-affected communities where civilians are at greatest risk.
According to him, civilian populations must never be reduced to “collateral damage” in the conduct of security operations.
The Commission called on the Nigerian Air Force to provide a comprehensive account of the circumstances surrounding the incidents and disclose the safeguards being implemented to prevent future civilian deaths.
Ojukwu further demanded prompt, transparent and independent investigations into all reported cases of civilian casualties resulting from military airstrikes, insisting that victims and affected communities deserve justice, compensation and psychosocial support.
He also urged security agencies to improve intelligence gathering, operational precision and internal accountability mechanisms to reduce the risk of targeting innocent civilians during aerial operations.
The NHRC maintained that national security objectives cannot be pursued outside the framework of legality and respect for human dignity.
“National security and human rights protection are not mutually exclusive,” the Commission stated, warning that public trust in security operations would continue to erode if civilian deaths persist without accountability.
The Commission reaffirmed its commitment to closely monitor developments and engage relevant authorities to ensure the protection of citizens’ rights amid ongoing security operations across the country.
NHRC Demands Answers as Civilian Deaths from Military Airstrikes Trigger Fresh Outrage
News
Power Is Temporary, Humanity Must Endure — Ambassador Alege Declares at Abuja Book Launch
Power Is Temporary, Humanity Must Endure — Ambassador Alege Declares at Abuja Book Launch
By: Michael Mike
Nigeria’s political elite, diplomats, jurists and scholars gathered in Abuja on Tuesday as veteran diplomat, Ambassador Shina Alege, delivered a piercing message on leadership, power, insecurity and the declining state of human compassion during the launch of five books drawn from his decades in public service.
The atmosphere at the event was more reflective than ceremonial as speakers confronted difficult national and global realities — from abuse of power and collapsing communal values to insecurity and the moral burden of leadership.
Former Chief Justice of Nigeria, Olukayode Ariwoola, who chaired the occasion, described the books as a rare fusion of diplomacy, personal experience and social conscience, warning that the issues raised by the author could no longer be ignored.
“This is far beyond a literary celebration,” Ariwoola said. “It is a serious intellectual intervention into the crises confronting leadership, humanity and governance today.”
The retired jurist said Ambassador Alege’s writings carried unusual weight because they emerged from lived experience across turbulent moments in Nigeria’s diplomatic history.
“These are not theoretical arguments crafted from a distance. They are reflections forged in service, crisis and responsibility,” he stated.
At the centre of the gathering was Ambassador Alege himself, whose remarks moved between philosophy, diplomacy and sharp social criticism.
Standing before a packed audience of ambassadors, senior lawyers, professors and government officials, the former envoy warned that many societies had lost the values that once held communities together.
“The essence of life is to build a community,” Alege declared. “What we have today is no longer community — it is a crowd. People watch suffering, record tragedies on their phones, and move on. That loss of humanity is dangerous.”
His comments drew prolonged applause from participants at the event.
The diplomat used the unveiling of his books to issue a broader warning about leadership and the temporary nature of political authority.p

Speaking on one of the books, The Expiry Date of Power, Alege said many leaders behave as though power is permanent, forgetting that history eventually humbles every office holder.
“The only person that powers permanently is God Almighty,” he said. “Absolute power corrupts absolutely. Leadership must be exercised with restraint, accountability and conscience.”
Other books presented at the launch tackled conflict management, insecurity and governance failures across Africa.
According to the author, The Sirens and The Flags explores leadership under pressure and moments of crisis, while Insecurity and Regional Leadership in Africa interrogates the inability of African states to effectively confront rising instability and governance breakdown.
Former Ogun State Governor, Ibikunle Amosun, represented by Barrister Raji Ahmed, praised the diplomat for documenting lessons from years of international service, including sensitive operations involving Nigerians trapped in conflict zones.
“Books like these are earned through sacrifice, experience and reflection,” he said. “They preserve institutional memory and challenge future leaders to think differently about service and responsibility.”
Beyond the intellectual conversations, the event became a deeper reflection on the state of society itself — one in which speakers repeatedly returned to the themes of empathy, moral leadership and national decline.
For many attendees, the strongest message of the day was not merely about diplomacy or governance, but about the urgent need to restore compassion in public life before ambition, power and indifference completely overshadow humanity.
Power Is Temporary, Humanity Must Endure — Ambassador Alege Declares at Abuja Book Launch
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