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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
NESREA Shuts Sunseed Oil Facility in Zaria Over Air Pollution Violations
NESREA Shuts Sunseed Oil Facility in Zaria Over Air Pollution Violations
By: Michael Mike
The National Environmental Standards and Regulations Enforcement Agency (NESREA) has ordered the closure of the Sunseed Oil processing plant in Zaria, Kaduna State, following findings of severe air pollution linked to the facility’s operations.


NESREA said the action was taken after investigations confirmed that the plant was emitting harmful pollutants into the atmosphere in breach of the National Environmental (Air Quality Control) Regulations.
The regulations require industries to install effective pollution control systems and adopt cleaner production methods to minimize environmental and health risks.
A statement by the agency’s spokesperson, Nwamaka Ejiofor on Tuesday, said the level of emissions from the Sunseed Oil facility posed a direct threat to the surrounding environment and residents in nearby communities, prompting immediate intervention to halt further damage.
She noted that the enforcement exercise reflects the agency’s resolve to ensure that industrial operators comply with environmental standards and to protect the public from the dangers associated with uncontrolled industrial emissions and effluents.
Commenting on the development, the Director-General of NESREA, Prof. Innocent Barikor, warned companies operating across the country to adhere strictly to national environmental laws.
He stressed that the agency would continue to take decisive action against facilities whose operations endanger public health or degrade the environment.
NESREA reiterated its commitment to regular monitoring and enforcement, noting that environmental protection remains a critical component of sustainable development in Nigeria.
NESREA Shuts Sunseed Oil Facility in Zaria Over Air Pollution Violations
News
Atiyaye unveils a book on the history of Kukar-Gadu
Atiyaye unveils a book on the history of Kukar-Gadu
By: Yahaya Wakili
Millions of naira were realized at the Unveiling Potentials of Kukar-Gadu, Launching of History of Kukar-Gadu Book, Presentation of Kukar-Gadu Physical Development Plan, and Commissioning of Kukar-Gadu Empowerment Development Initiative at Kukar-Gadu town of Yobe state.
In his keynote address, the Chairman of the Kukar-Gadu Empowerment Development Initiative (KEDI), TPI, Barnabas Atiyaye, said the Kukar-Gadu Empowerment Development Initiative was triggered by Victim Support Funds’ (VSF) proactive intervention activities chaired by Gen. T. Y. Danjuma from inception to its closure in 2024.
He said through KEDI, we aim to create opportunities where there was once struggle to restore hope, where there was once despair, and to build bridges where there was once division. We are resolved to work for a Kukar-Gadu that is empowered, self-reliant, forward-looking, and united. We desire to be a springboard for the development of not only the Kukar-Gadu or Fika local government area, but the entire Yobe state and, by extension, the nation.
Mr. Barnabas revealed that the master plan of Kukar-Gadu is more than a technical document; it is a covenant with the future, a clear roadmap that defines how we as a community shall shape the physical, social, and economic destiny of our community, and it will also provide guidance for infrastructure, housing, agriculture, education, commerce, and environmental sustainability.
“The history of Kukar-Gadu” is more than a collection of dates and events. It is the story of our fathers, their struggles, their courage, their triumphs, and their faith. It tells of the foundations upon which we now stand, and in commissioning this book, we are not only honoring our past, we are preserving it for generations yet unborn.
Atiyaye appeals to individuals, schools, libraries, and government institutions to obtain copies of this book; it serves as a source of knowledge and inspiration for our youth so that they may know their roots and carry our values forward with pride. We pray that this book will keep alive the spirit of unity, courage, and progress that defines Kukar-Gadu. Ameen.
Speaking, the Chairman of the occasion, Dr. Ali Adamu Tikau (Talban Tikau), ably represented by Professor Dauda Abubakar, said that to have the Emir of Fika, along with the Emir of Pataskum, along with representatives of His Excellency, Governor Mai Mala Buni, CON, COMN, the representative of the Senator of the National Assembly, and many other personalities to come to this village in the Fika local government area, I will say that we are so excited and very proud of what is happening today.
He said the launching of the history of Kukar-Gadu is also a milestone at the program, and it is one of the highlights. It was a book written by Malam Ibrahim Sara Bangalu, who is also a son of Kukar-Gadu, and I had the opportunity of editing the book and making the necessary corrections before it was taken to press. It is a history that will help us reflect on who we are as a people. When a people do not know their history, when a people do not know where they come from, they will easily get lost. That is the purpose of launching.
“I would say that Kukar-Gadu, Goya district, Fika local government, and Gudi are places that are very special because of the type of educated people they have produced. I am a product of this community, and I am a living testament to the opportunities this community gave me, and I believe many are benefiting from it.
Also speaking, the district head of Goya, Alhaji Musa Garba Daya, said what the people of Kukar-Gadu did has become a big challenge to all the people of Goya district; they broke the record and urged the people to wake up to create something for the betterment of the people.
“If you observe, they print a master plan of Kukar-Gadu and focus on many years ahead. So this initiative—I am so impressed with it because it will help for the fiscal planning of the area for over ten years, as Alhaji Musa Garba Daya said.
According to him, the people of Kukar-Gadu are also commissioning the Empowerment Development Initiative, which was triggered by Victim Support Funds (VSF), chaired by Gen. T. Y. Danjuma, and I appreciate it so much because these will greatly assist both our youth and women of the area.
Atiyaye unveils a book on the history of Kukar-Gadu
News
ActionAid Nigeria Warns of Rising Debt, Weak Social Spending in 2026 Budget Proposal
ActionAid Nigeria Warns of Rising Debt, Weak Social Spending in 2026 Budget Proposal
By: Michael Mike
ActionAid Nigeria has raised serious concerns over the Federal Government’s proposed 2026 Appropriation Bill, warning that the budget could worsen Nigeria’s debt burden and further sideline key social sectors critical to poverty reduction and inclusive growth.
In its review of the ₦58.18 trillion budget proposal, the organisation said the 5.8 per cent increase over the 2025 approved budget does not sufficiently address long-standing fiscal and structural challenges. Instead, it noted that the financing plan, size of the deficit, and sectoral priorities pose risks to fiscal sustainability and accountability.
ActionAid Nigeria expressed particular concern over the continued extension of budget implementation timelines, which has resulted in the 2026 budget running alongside extended 2024 and 2025 budgets. According to the organisation, operating multiple budgets simultaneously weakens transparency, limits effective legislative oversight, and increases the risk of mismanagement of public funds, especially for capital and social sector projects.
The group, in a statement on Tuesday by its Country Director, Dr. Andrew Mamedu, also pointed to repeated post-submission changes by the National Assembly, including upward adjustments to allocations without secured funding sources, as a key factor contributing to funding gaps, delayed releases, and the rollover of projects across fiscal years.
On the fiscal outlook, ActionAid Nigeria highlighted that the proposed 2026 budget projects revenue of ₦34.33 trillion against total spending of ₦58.18 trillion, leaving a deficit of ₦23.85 trillion. It described the figure as the largest deficit in Nigeria’s history, representing sharp increases over the 2024 and 2025 deficits.
It warned that heavy reliance on borrowing, without strong investment in productive and social sectors, could deepen inequality and constrain long-term development.
ActionAid Nigeria said that despite government claims that education, health, agriculture, infrastructure, and security are priority areas, lamented that allocations to social sectors remain inadequate.
Mamedu, in the statement, noted that education allocated ₦3.52 trillion, about six per cent of the total budget, and health receiving ₦2.48 trillion, just over four per cent—are both far below international benchmarks, and in contrast with defence allotted spending standing at ₦5.41 trillion.
The organisation also faulted the budget for failing to address underemployment and poor-quality jobs, particularly among women and rural populations, noting insufficient investment in agriculture, rural infrastructure, and women-led enterprises. It further warned that weak funding for social protection programmes could worsen hardship for millions of Nigerians facing rising living costs.
ActionAid Nigeria also criticised the late submission of the Medium-Term Expenditure Framework, Fiscal Strategy Paper, and the 2026 Appropriation Bill, describing it as a breach of the Fiscal Responsibility Act.
The organisation urged the Federal Government and the National Assembly to end the practice of running multiple budgets, strengthen fiscal discipline, reduce dependence on borrowing, and significantly increase funding for education, health, agriculture, and social protection.
It stressed that Nigeria cannot overcome poverty through debt-driven spending, but through a people-centred and accountable budget that prioritises human development.
ActionAid Nigeria Warns of Rising Debt, Weak Social Spending in 2026 Budget Proposal
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