Connect with us

News

ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Zulum establishes quarry centre, procures 70 trucks for infrastructure development

Published

on

Zulum establishes quarry centre, procures 70 trucks for infrastructure development

By: Our Reporter

Borno State Governor, Professor Babagana Umara Zulum, has announced the establishment of a quarry centre in Pulka, Gwoza Local Government Area, to accelerate infrastructure development in the state.

Zulum made this announcement on Monday while flagging off the distribution of 70 brand-new Howo pickup trucks to the Ministry of Works and the State Road Maintenance Agency (BORMA) at the Government House.

The 70 Howo trucks are designed to boost the operational capacity of the Ministry of Works and its supervising agencies. The trucks will enable the swift delivery of materials to sites and faster intervention on distressed roads.

According to the governor, the quarry centre will provide locally sourced materials including granite, gravel and sharp sand to support ongoing and future road projects, reducing dependence on external suppliers and cutting costs.

“We have achieved a lot in health, education, agriculture, security, and road construction among others. However, we still have challenges of constructing roads within the state, especially in rural communities,” Zulum said.

“My administration has established a quarry plant in Pulka with a processing capacity of 120 tons per hour. The State Government spent at least 3 billion to establish the quarry plant”, he added.

According to the governor, due to the prevailing insecurity, most contractors are not willing to work in Borno.

“You know, no serious contractor will take the risk of deploying his equipment to most of the implementing areas, so this is the reason we are here”, the governor reinstated.

“So, we have no option but to strengthen the capacity of the Ministry of Works, the capacity of Borno State Road Maintenance Agency (BORMA), the capacity of special projects, monitoring departments and other MDAs that are responsible for road construction.”

The brief ceremony was attended by the Secretary to Borno State Government, Bukar Tijani, Acting Chief of Staff, Dr Babagana Mustapha Mallumbe, Permanent Secretary Ministry of Works, Engr Baware, BORMA Chairman, Engr Sadu Auno, the Special Adviser on Monitoring and Evaluation, Engr Bukar Gujubawu and other senior officials.

Zulum establishes quarry centre, procures 70 trucks for infrastructure development

Continue Reading

News

Tinubu’s aide launches healthcare centre in Adamawa community

Published

on

Tinubu’s aide launches healthcare centre in Adamawa community

The Shashau community in Hong Local Government Area of Adamawa State has received a healthcare centre built by Mrs Delu Yakubu, Senior Special Adviser to President Bola Tinubu on Humanitarian Affairs and Poverty Reduction.

Speaking at the inauguration, Yakubu said the facility fulfilled a long-held personal dream of improving healthcare access in her hometown.

She recalled growing up in the community without a clinic, saying the centre would help address long-standing healthcare challenges, particularly maternal care.

She said the facility formed part of a national mobile clinic initiative under her office, aligned with President Tinubu’s humanitarian mandate.

Dr Suleiman Bashir, Chairman of the Adamawa Primary Healthcare Development Agency, commended the initiative and pledged to provide medical personnel and supplies for effective service delivery.

He urged residents to protect the facility for sustainable use.

Mr James Barka, member representing Gombi/Hong Federal Constituency, lauded the project and promised to integrate it into his constituency health programmes within three months.

The Speaker of the Adamawa State House of Assembly, Bathiya Wisely, described the facility as a commitment to improving grassroots healthcare and reducing maternal mortality.

He also pledged to provide a borehole for potable water at the centre.

The Paramount Ruler of Hong, Tol Alheri Nyako, urged residents to utilise and safeguard the facility, donating N500,000 in support of its operation.

The inauguration event also featured a free medical outreach and distribution of food and non-food items to underserved communities.

Tinubu’s aide launches healthcare centre in Adamawa community

Continue Reading

News

War on Terror: NHRC Insists Protection of Civilians Must Be Top Priority

Published

on

War on Terror: NHRC Insists Protection of Civilians Must Be Top Priority

By: Michael Mike

The National Human Rights Commission has issued a strongly worded response to the recent surge in terrorist violence across Nigeria, warning that the country risks deepening insecurity if the protection of civilians is not made the central pillar of national security strategy.

In a statement released by its Executive Secretary, Tony Ojukwu, the Commission conveyed condolences to the Nigerian Armed Forces and to governments and citizens of states hardest hit by the attacks, including Borno State, Niger State, Benue State, Kaduna State, Kwara State, Sokoto State, and Plateau State.

The Commission said it is “deeply concerned” about the increasing frequency, coordination, and geographic spread of attacks, noting that both military formations and civilian targets—including markets, places of worship, and public institutions—have come under sustained assault. Particular concern was raised over coordinated attacks on military bases in the North-East, especially in Borno, and suicide bombings in civilian areas such as Maiduguri.

Ojukwu described the pattern of violence as a “grave and systematic assault” on fundamental rights, including the right to life, dignity, and personal security, as enshrined in Nigeria’s Constitution and international obligations like the African Charter on Human and Peoples’ Rights. He stressed that deliberate attacks on civilians and security personnel by non-state armed groups constitute serious violations of international humanitarian law.

Beyond condemnation, the NHRC raised alarm over what it described as an evolving and more dangerous phase of insecurity—marked by coordinated military assaults, mass village raids, suicide bombings, and a widening spread from the North-East into the North-West and North-Central regions.

While acknowledging the sacrifices of the military, the Commission argued that Nigeria must confront a critical gap in its security architecture. “The protection of civilians cannot remain incidental to security operations—it must be their central objective,” Ojukwu said.

To address this, the Commission called for the urgent development and implementation of a comprehensive national policy focused on civilian protection. It said such a framework must place human rights at the core of all security responses, prioritise the prevention of harm in vulnerable communities, enforce accountability for violations by both state and non-state actors, and provide effective support systems for victims and survivors.

The proposed policy, according to the NHRC, should also ensure strict adherence by security forces to the principles of distinction, proportionality, and precaution in military operations, while strengthening early warning systems and community engagement in high-risk areas.

Ojukwu emphasized that civilians must not be treated as “collateral damage” but as rights-holders whose protection and dignity are non-negotiable. He added that a human rights-based approach to national security is not a sign of weakness but a legal and strategic necessity.

“Global evidence shows that sustainable peace can only be achieved where the state consistently protects the rights of its people,” he noted.

The Commission reaffirmed its solidarity with affected communities and security forces, pledging continued collaboration with the Federal Government, state authorities, and civil society to ensure that Nigeria’s counterterrorism efforts reinforce, rather than erode, democratic and human rights principles.

War on Terror: NHRC Insists Protection of Civilians Must Be Top Priority

Continue Reading

Trending

Verified by MonsterInsights