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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
ISWAP suffers heavy losses in Timbuktu Triangle, lost 22 fighters in encounter with troops
ISWAP suffers heavy losses in Timbuktu Triangle, lost 22 fighters in encounter with troops
By: Zagazola Makama
At least 22 fighters of the Islamic State West Africa Province (ISWAP) have been killed, while several others were wounded, during recent clashes with Nigerian troops in the Timbuktu Triangle area of Borno State, security sources confirm.
The sources told Zagazola Makama that the encounters occurred during sustained operations by troops of the Nigerian Army’s Special forces in the notorious Timbuktu Triangle axis.
According to the sources, those killed included a senior commander (Qaid) and two unit leaders (Munzirs), while many others escaped with injuries.
“ISWAP suffered significant casualties during the fighting. A Qaid and two Munzirs were among those neutralised, with several other fighters wounded,” the sources said, adding that efforts were ongoing to confirm the identities of the senior commanders killed in the operation.
They further disclosed that surviving ISWAP elements were believed to be regrouping around forested areas near Bulabulin, about 18 to 20 kilometres west of Damboa, and around Korengelen, south-east of Azir.
Security officials said intelligence, surveillance and reconnaissance (ISR) operations had been intensified over the identified locations and surrounding forests to detect and interdict fleeing terrorists.
“The military is sustaining pressure on the remnants of the group through aggressive clearance operations and aerial surveillance,” the sources said.
They added that troops remained resolute in degrading ISWAP’s operational capability in the North-East and restoring lasting peace to affected communities.
ISWAP suffers heavy losses in Timbuktu Triangle, lost 22 fighters in encounter with troops
News
FG, GEF Launch Project to Tackle Plastic Pollution
FG, GEF Launch Project to Tackle Plastic Pollution
By: Michael Mike
Nigeria has taken another step toward addressing plastic pollution with the inauguration of the Global Environment Facility (GEF) Child Project 11193, titled “Circular Solutions to Plastic Pollution in Abuja, Nigeria.”
The project was formally unveiled in Abuja, and is being implemented by the National Environmental Standards and Regulations Enforcement Agency (NESREA) in collaboration with the United Nations Environment Programme (UNEP) and other partners.
It is aimed at reducing plastic waste associated with single-use water sachets through circular economy approaches.
Speaking at the event, the Director-General and Chief Executive Officer of NESREA, Prof. Innocent Barikor described the project as a critical intervention in Nigeria’s environmental sustainability efforts. He noted that while sachet water has improved access to drinking water for millions of Nigerians, its widespread use has contributed significantly to plastic pollution, clogged drainage systems, flooding, ecosystem degradation, and public health concerns.
According to NESREA, Nigeria consumes more than 2.5 billion litres of sachet water annually, produced by over 32,000 manufacturers nationwide. The scale of consumption, the agency said, underscores the urgency of adopting innovative and sustainable solutions to manage plastic waste without compromising access to potable water.
The GEF-supported project is designed around a circular model that goes beyond conventional waste management. Its key focus areas include strengthening policies and regulations on sustainable water packaging, promoting public-private partnerships, piloting reuse and refill systems for community water supply, increasing public awareness, and enhancing coordination and knowledge sharing at national and global levels.
Meanwhile, the Global Environment Facility (GEF) has reaffirmed its support for Nigeria’s efforts to curb plastic pollution with the launch of the Nigeria Plastics Child Project, also known as “Circular Solutions to Plastic Pollution in Nigeria,” under the Plastic Reboot Nigeria initiative.
Speaking at the project launch, Senior Environmental Specialist at the GEF and Lead of the GEF-8 Plastics Integrated Programme, Evelyn Swain,, praised the National Environmental Standards and Regulations Enforcement Agency (NESREA) for convening the event and for its role as the national executing agency.
She also acknowledged the United Nations Environment Programme (UNEP) for its partnership in supporting Nigeria’s transition to sustainable and circular plastic solutions.
Swain noted that the wide representation of government institutions, civil society organisations, the private sector, academia and development partners at the event reflected a shared determination to tackle plastic pollution through inclusive and coordinated action.
She explained that the Nigeria Plastics Child Project is part of a broader GEF-8 investment under the Circular Solutions for Plastic Pollution Integrated Programme, one of eleven integrated programmes approved by the GEF in 2022.

According to her, the integrated programme approach is designed to address the root causes of environmental degradation through systems-based interventions that generate multiple global environmental benefits across climate change, biodiversity, chemicals and ocean protection.
The programme, led by UNEP in collaboration with partners including the World Wide Fund for Nature (WWF), focuses on transforming single-use plastics in the food and beverage sector. Swain stressed that unlike traditional approaches centred mainly on waste management, the initiative prioritises upstream and midstream solutions such as product design, innovative business models, supportive policies and market incentives.
She disclosed that Nigeria emerged from a competitive selection process in early 2023, citing the country’s strong political commitment to plastic pollution reduction, ongoing efforts to track plastic flows, and active engagement through the National Plastic Action Partnership. These factors, she said, demonstrated Nigeria’s readiness to work collaboratively across sectors to achieve large-scale impact.
Following its selection, Nigeria worked with UNEP to develop au project concept aligned with GEF priorities, including policy coherence, financial leverage, innovation and stakeholder engagement. Swain added that while the global integrated programme was officially launched in Washington, DC in 2025 and strengthened through its first annual conference in Brazil, its true success would be measured by results delivered at the country level.
She described Nigeria’s project as a strong example of how national “child projects” serve as the driving force of the integrated programme’s ambitions.
As implementation begins, Swain called for effective coordination and communication within the global programme, deeper private sector involvement—particularly in transforming the sachet water industry—and a strong focus on scaling lessons learned. She emphasised that Nigeria’s experience could inform policy reforms and future investments both within and beyond the GEF partnership.
She noted that the GEF, views Nigeria not only as a beneficiary of the Plastic Reboot initiative but as a potential leader whose actions can help shape global responses to plastic pollution, while ensuring continued access to safe drinking water.
The Nigeria Plastics Child Project is expected to play a key role in reducing reliance on single-use plastic water sachets and advancing circular economy solutions nationwide.
FG, GEF Launch Project to Tackle Plastic Pollution
News
Gunmen kidnap Fulani leader, kill one in Taraba
Gunmen kidnap Fulani leader, kill one in Taraba
By: Zagazola Makama
Suspected gunmen have kidnapped a Fulani community leader and killed one person during an early-morning attack in Taraba State.
Security sources told Zagazola Makama that the incident occurred at about 2:00 a.m. on Jan. 27 at the settlement of Alhaji Dere in Taraba.
According to the sources, the attackers, whose identities are yet to be known, stormed the community and abducted Alhaji Dere, a Fulani by tribe, and took him to an unknown destination.
“In the course of the attack, the gunmen shot one person dead, while another person sustained gunshot injuries,” the sources said.
They added that the injured victim was rushed to the Primary Health Care Centre in Sarkin Kudu for treatment, while the corpse of the deceased was taken for necessary procedures.
Investigation has commenced into the incident, and joint efforts involving army, police operatives, local hunters and community members are ongoing to track down the kidnappers and rescue the abducted victim.
Security patrols have also been intensified in the area to prevent further attacks, the sources said.
Gunmen kidnap Fulani leader, kill one in Taraba
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