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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
News
June 12: Credible Elections Are a Fundamental Human Right, Not a Privilege – NHRC
June 12: Credible Elections Are a Fundamental Human Right, Not a Privilege – NHRC
By: Michael Mike
As Nigeria marks Democracy Day, the Executive Secretary of the National Human Rights Commission, Chief Tony Ojukwu (OFR, SAN), has declared that credible elections are a fundamental human right that must be guaranteed to every citizen, rather than a privilege granted by those in power.
In a statement commemorating the significance of June 12, Ojukwu said the annulled 1993 presidential election remains the strongest evidence that Nigeria is capable of conducting free, fair, and transparent elections when democratic institutions respect the will of the people.
According to him, the electoral framework introduced by Humphrey Nwosu, particularly the Option A4 and Modified Open Ballot systems, demonstrated that electoral credibility is achievable when election management bodies operate with integrity, transparency, and strict adherence to the law.
The NHRC boss emphasized that the right of citizens to participate in governance through genuine elections is guaranteed under Nigeria’s Constitution and regional human rights instruments, stressing that electoral misconduct amounts to a direct assault on fundamental freedoms.
He noted that practices such as voter suppression, vote buying, electoral violence, and manipulation of election results should not be viewed merely as administrative shortcomings but as serious violations of civil and political rights.
Ojukwu expressed concern that more than three decades after the June 12 election, many of the challenges that undermine electoral credibility continue to persist, weakening public confidence in democratic institutions and diminishing citizens’ faith in the electoral process.
“Whenever elections lose their integrity, the rights to freedom of expression, association, participation, and peaceful assembly are also placed at risk,” he said.
The human rights advocate called on the Independent National Electoral Commission (INEC), political parties, security agencies, the judiciary, civil society organizations, and the media to remain committed to neutrality, transparency, and accountability in the conduct of elections.
He assured Nigerians that the Commission would intensify its monitoring of electoral processes across the country, document violations, and pursue appropriate remedies for victims in line with its statutory mandate.
Ojukwu also urged the National Assembly to strengthen legal safeguards that protect the independence of electoral institutions and improve citizens’ access to electoral justice.
He maintained that institutionalizing electoral integrity remains critical to deepening democracy and safeguarding the right of every Nigerian to freely choose their leaders, adding that the NHRC is prepared to collaborate with government and other stakeholders to ensure that credible elections become a permanent feature of the nation’s democratic culture.
The statement, signed by Director of Corporate Affairs and External Linkages, Fatimah Agwai Mohammed, underscored the Commission’s commitment to advancing democratic governance through the protection and promotion of electoral rights.
June 12: Credible Elections Are a Fundamental Human Right, Not a Privilege – NHRC
News
ActionAid Says June 12 Democratic Promise Remains Unfulfilled Amid Poverty, Rights Violations
ActionAid Says June 12 Democratic Promise Remains Unfulfilled Amid Poverty, Rights Violations
By: Michael Mike
As Nigerians mark Democracy Day, ActionAid Nigeria has raised concerns over what it describes as the country’s failure to fully realize the democratic ideals symbolized by June 12, warning that shrinking civic space, rising poverty, insecurity and weak governance threaten the nation’s democratic future.
In a statement issued to mark the June 12 celebration, the Country Director of ActionAid Nigeria, Andrew Mamedu, said the decision by former President Muhammadu Buhari in 2018 to recognize June 12 as Democracy Day was a significant step toward correcting the injustice surrounding the annulment of the 1993 presidential election won by Moshood Kashimawo Olawale Abiola.
According to the organisation, the declaration was more than a symbolic gesture; it represented a commitment to uphold the will of the Nigerian people and strengthen democratic governance. However, ActionAid argued that eight years later, many of the aspirations associated with that promise remain unrealized.
The organisation expressed concern over what it called a growing crackdown on civic freedoms, citing reports of arrests, prosecutions and intimidation of journalists, activists and citizens critical of government actions.
It referenced data from the National Human Rights Commission indicating that hundreds of thousands of human rights complaints were recorded in April 2026, including allegations of extrajudicial killings, abuse of authority and restrictions on freedom of expression and peaceful assembly.
ActionAid also criticized the application of the Cybercrimes Act against journalists and activists, pointing to cases involving media practitioners and civil society actors who were reportedly arrested or prosecuted after exposing governance failures or questioning official claims.
The group further warned that Nigeria’s electoral system faces significant challenges ahead of the 2027 general elections. It argued that the Electoral Act 2026 was enacted without sufficient stakeholder consultation and called for urgent amendments to strengthen public confidence in the electoral process.
According to the organisation, preserving electoral credibility is essential to avoiding a repeat of the political crisis that followed the annulment of the June 12, 1993 election.
Beyond electoral concerns, ActionAid raised alarm over worsening socio-economic conditions, noting that millions of Nigerians continue to struggle with poverty despite decades of democratic rule.
The organisation cited statistics showing that more than 130 million Nigerians live in multidimensional poverty, while insecurity, including banditry, kidnapping and armed conflict, continues to disrupt livelihoods across many communities.
It argued that poverty and insecurity are interconnected challenges stemming from governance failures, weak institutions and limited accountability.
ActionAid also criticized what it described as weak fiscal transparency, alleging that the concurrent implementation of multiple federal budgets has undermined effective oversight and accountability in public spending.
The organisation maintained that these governance shortcomings have contributed to Nigeria’s poor performance in global assessments of government effectiveness.
To address the challenges, ActionAid called on the Federal Government and the National Assembly to undertake comprehensive reforms, including amendments to the Electoral Act, protection of civic freedoms, improved security measures, strengthened social protection programmes and greater transparency in public finance management.
Mamedu stressed that Democracy Day should serve as more than a ceremonial event, urging leaders to take concrete actions that reflect the aspirations of Nigerians for accountable governance, justice and inclusive development.
He said that while recognizing June 12 was an important milestone, the true measure of that decision lies in the government’s commitment to protecting democratic institutions, expanding civic freedoms and improving the welfare of citizens.
ActionAid pledged to continue working with communities and civil society organizations across the country to promote accountability and ensure that the democratic ideals associated with June 12 are translated into tangible benefits for Nigerians.
ActionAid Says June 12 Democratic Promise Remains Unfulfilled Amid Poverty, Rights Violations
News
Troops Recover 61 Cattle During Anti-Kidnapping Raid in Plateau
Troops Recover 61 Cattle During Anti-Kidnapping Raid in Plateau
By: Zagazola Makama
Troops of Operation Enduring Peace have recovered 61 cattle during a clearance operation in Riyom Local Government Area of Plateau State.
Security sources disclosed that the operation was conducted on Thursday as part of ongoing efforts to track down suspected kidnappers who fled following sustained military pressure in the area.
The sources said troops of Sector 6 Operation Safe Haven carried out coordinated raids on suspected hideouts and high-ground locations around Sopp, Hawan Kibo and Rafin Sanyi communities in Riyom LGA.
According to the sources, the operation involved cordon-and-search activities targeting suspected kidnappers’ camps, dens and livestock enclosures believed to be linked to criminal networks operating in the area.
During the operation, troops recovered 61 cattle suspected to belong to the fleeing criminals.
“All identified camps, hideouts and cattle enclosures within the general area were searched during the operation. A total of 61 cattle suspected to belong to the criminals were recovered,” a security source said.
The source, however, noted that no arrests were made as the suspects had fled before the troops arrived.
The recovered cattle have been taken into military custody pending further investigation and necessary action by relevant authorities.
The operation forms part of ongoing efforts by security agencies to dismantle kidnapping networks and other criminal groups operating in parts of Plateau State.
Troops Recover 61 Cattle During Anti-Kidnapping Raid in Plateau
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