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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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NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

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NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

By: Michael Mike

The Nigeria Security and Civil Defence Corps (NSCDC) has reinforced its commitment to combating corruption by inaugurating new heads of its Anti-Corruption and Transparency Unit (ACTU) and unveiling a robust Corruption Prevention Strategy.

Commandant General (CG) of NSCDC, Prof. Ahmed Audi on Wednesday charged the newly inaugurated ACTU heads to lead by example, enforce compliance without fear or favour, and resist undue pressure by upholding the values of integrity, transparency, and accountability.

The CG, represented by the Deputy Commandant General (Administration), DCG Adeyinka Ayinla, delivered the keynote address at a one-day sensitization workshop, inauguration ceremony, and integrity award event held at the Corps’ National Headquarters in Abuja.

Audi stated that the new NSCDC Corruption Prevention Strategy is designed to reduce misconduct, promote due process, and reinforce internal discipline within the Corps. He applauded the support of President Bola Tinubu, through the Minister of Interior, Honourable Olubunmi Tunji-Ojo.

Also speaking at the event, the Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC), Dr. Musa Aliyu, stressed that corruption undermines service delivery, erodes public confidence, distorts development priorities, and weakens the security architecture of a nation.

Aliyu, represented by Mr. Olusegun Adigun, assured the NSCDC of the Commission’s continued partnership in championing preventative measures across Ministries, Departments, and Agencies (MDAs), and appreciated the Corps for its strong anti-corruption posture.

Earlier, the Chairman of the NSCDC ACTU, Acting Commandant Audrey Obeh, described the gathering as a “transformative moment” and a testament to the Corps’ dedication to integrity and national development. She commended the Commandant General for his visionary leadership, which has provided an enabling platform for the ACTU to thrive.

“The inauguration of ACTU Heads, integrity awards, and unveiling of the NSCDC corruption prevention strategy all demonstrate how we are intentionally strengthening the pillars of accountability within our system,” Commandant Obeh stated.

A key highlight of the event was the presentation of integrity awards to deserving officers and staff.

The CG of NSCDC, Prof. Ahmed Audi, received the Integrity Champion and Visionary Award.

The erstwhile Chairman of NSCDC ACTU, Commandant of Corps Remi Ekundayo, bagged the Distinguished ACTU Chairperson Emeritus Award.

Other recipients included ASCII Amanze Abraham Onyedikachi (ACTU Integrity, Ethics and Compliance Award), and CSC Aremu Rafiu (Kwara State Command), CSC Akinwande Adesola Comfort (Oyo State Command), SC Umar Abubakar Ladan (Borno State Command), and SC Yusuf Ibrahim Yusuf (Jigawa State Command), who all received the ACTU Outstanding Performance and Distinguished Service Award.

Goodwill messages were also delivered by representatives from sister agencies, including the Controller General of Immigration, the Director General of the National Emergency Management Agency (NEMA), and the National Identity Management Commission (NIMC).

NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

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Indigenous Contractors Call on President Tinubu to Pay Owed N500 billion Contract Money to Stop their Untimely Death

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Indigenous Contractors Call on President Tinubu to Pay Owed N500 billion Contract Money to Stop their Untimely Death

By: Michael Mike

Indigenous contractors have cried to federal government to immediately pay them for contracts they have fully agreed executed in order to stem the tide of death of their counterparts and severe hardship all of them of continued to bear due to continued non-payment of what is due to them.

The group who thronged the federal ministry of finance for the second day running to protest non-payment of over N500 billion to indigenous contractors for contracts already completed and since commission, lamenting severe hardship of contractors and called on the President to intervene immediately.

Speaking during the protest in Abuja, representatives of the Indigenous Contractors Association of Nigeria said the government’s failure to release payments for fully executed 2024 federal projects has pushed many contractors into financial distress, loss of property, illness and in some cases death.

Haruna Gabari, President of the Nigerian Indigenous Contractors Association, highlighted the non-payment of contractors for 2024 projects, expressing frustration over the federal government taking credit for contracts executed by contractors without providing the approved payments.

He said: “We are protesting the contract we executed on behalf of the Nigerian federal government, a contract commissioned and executed by the federal government, particularly by members of the National Assembly, who have taken credit for it. But so far, the federal government has not paid us.”

Gabari called for presidential intervention to ensure payment and accountability. He urged the President to direct the Minister of Finance and the Coordinator of the Ministry of Economy to release the outstanding funds.

“So what we are asking is that the president intervene and demand that the Minister of Finance and the Coordinator of the Ministry of Economy pay us our money,” he noted.

He criticized the Minister of Finance for alleged incompetence and its impact on the economy. He argued that unpaid contractors slow economic activity and blamed the minister for stagnation.

“He has shown himself to be irresponsible in his duties and incapable of handling such an important position. We are the leaders of the economy. When we pay the contractors, the economy moves. But as you can see, the economy is stagnant. It’s stagnant, nothing is moving,” he said.

Gabari highlighted the human cost of the delay in payments. He spoke of contractors who are sick, hospitalized, or have lost property due to the unpaid contracts, condemning the perceived indifference of the Ministry of Finance.

“Some of our members are dying. Some are in the hospital. Some have lost their property. In response to our disaster, the minister told us that people are dying every day. If contractors are dying, what’s so special about that? Because he’s asking us to die, and we’re asking ourselves to die too,” he stated.

He further warned of escalating consequences if payments are not made promptly. He implied that continued inaction could lead to further economic and social distress, pressing the urgency for immediate government response.

“Before the end of December, by His grace, he will be normal. He will join some of our members who have died,” he said, emphasizing the seriousness of the situation and the human toll of delayed payments.

Public Relations Officer of the Association, Rotimi Raheem, emphasized the ongoing delay in payment for 2024 contracts. He highlighted that despite repeated protests and official meetings, the contractors have yet to receive their dues.

“We were here, we protested, this is our third time of protesting. We protested about a month ago in National Assembly, in which the leadership of National Assembly met with the President and told the Minister of Finance, instructed the Minister of Finance to pay us. We have submitted our list for about three weeks ago. Up till now our payment has not been made,” he said.

He pointed out that the contractors have been persistent in their demonstrations to secure payment. Raheem noted that the protesters have been camping overnight and engaging directly with officials to press for immediate action.

“We started this protest yesterday and we slept here all through the night. A permanent secretary came out yesterday that our payment will be made before the month end. We told him we are not for that,” he said.

Raheem stressed the urgency for a prompt resolution within 48 hours, explaining that leadership is trying to negotiate a pathway to ensure the funds are released to contractors without further delay.

“We have called our leadership for negotiation this money, that we should give them way in, so that in the next 48 hours our money will be paid. But up till now, we are trying to convince our members to give them the way so that they can enter,” he said.

He further highlighted the accountability of the Finance Ministry in the delay,stressing that the failure to release funds reflects poorly on the ministry and undermines the economic contributions of contractors.

“The leadership of National Assembly met with the President and told the Minister of Finance, instructed the Minister of Finance to pay us. We have submitted our list for about three weeks ago. Up till now our payment has not been made,” he said.

Indigenous Contractors Call on President Tinubu to Pay Owed N500 billion Contract Money to Stop their Untimely Death

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Envoy: Cinema, Now Tool of Growing Chino-Nigerian Relationship

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Envoy: Cinema, Now Tool of Growing Chino-Nigerian Relationship

By: Michael Mike

The China Cultural Centre, Counsellor Yang Jianxing has explained that cinema is now emerging as the latest tool in building bilateral, stating that film and artistic collaboration would continued to be employed to boost Chino-Nigerian relations.

He made the declaration on Tuesday evening at the Chinese Embassy’s masterclass and special screening of the acclaimed documentary, ‘Rooting’ at the Zuma International Film Festival in Abuja.

Yang said the series of events is not only a cinematic feast, but also a dialogue between civilisations and a testament to friendship.

The counselor, who represented the Chinese Ambassador in Nigeria, Yu Dunhai described the featured documentary Rooting, filmed over four years in Yunnan Province, as “a condensed visual chronicle of China’s poverty alleviation efforts.”

He said the film follows a rural villager who escapes poverty with the help of targeted government policies and has earned multiple awards at international film festivals.

Yang said the film’s message mirrors the hopes of many Nigerians. “The film’s theme resonates deeply with the Nigerian people’s aspirations for national development and a better life, and we believe the authentic footage and heartfelt language will strongly resonate with audiences.”

While speaking further, he extended appreciation to festival organisers and key Nigerian film figures.

He said: “On behalf of the Chinese Embassy in Nigeria and the China Cultural Centre in Nigeria, I would like to express my sincere gratitude to the Zuma International Film Festival Organising Committee for their meticulous preparations and warm invitation.”

He also praised the Chinese filmmakers behind Rooting for travelling to Nigeria for the screening. “I extend my highest respect to Director Chai Hongfang and Director of Editing Zhou Xinxia, who have travelled all the way from China, and express my heartfelt thanks to China Harbour Engineering Company (Nigeria) Ltd. for their tremendous support,” he added.

Highlighting the cultural dynamism of both Nigeria and China, he observed that “China and Nigeria are world-renowned film-producing countries,” adding that Nollywood’s output of 2,500 films annually makes it the world’s second-largest film industry.

He described the Zuma Film Festival as “an important window for exchange and mutual learning between different civilisations.”

Jianxing also spotlighted China’s own cinematic growth. “In 2024, the number of screens in China exceeded 90,000, and the total box office reached 6 billion US dollars,” he said, noting the country’s evolution from black-and-white productions to a global film powerhouse.

He underscored the cultural weight of documentary filmmaking, despite limited commercial returns. “We should pay our highest respects to Director Chai Hongfang, Director of Editing Zhou Xinxia and their colleagues for their dedication and contributions to social progress,” he said.

Yang however announced that another Chinese documentary, SHENZHOU13, filmed by astronauts aboard the Shenzhou Space Station, would also be screened at the festival. “We believe this screening of Chinese films will be another beautiful chapter in the history of cultural exchange between our two countries,” he stated.

Yang while linking the event to broader policy, explained that the outcomes of the Fourth Plenary Session of the 20th CPC Central Committee emphasised deeper global cultural exchanges. He reminded the audience that 2026 is designated the China-Africa Year of People-to-People Exchanges, adding: “We look forward to deeper exchanges and cooperation between China and Nigeria in the film field, playing a bridging role in enhancing the friendship between the two peoples.”

Envoy: Cinema, Now Tool of Growing Chino-Nigerian Relationship

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