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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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NEMA Provides Relief to Banditry Victims in Kebbi as Communities Struggle to Recover

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NEMA Provides Relief to Banditry Victims in Kebbi as Communities Struggle to Recover

By: Michael Mike

The National Emergency Management Agency (NEMA) has commenced the distribution of emergency relief materials to victims of recent banditry attacks in Kebbi State, offering support to families displaced by a wave of violence that has unsettled parts of the state.

The Director-General of NEMA, Zubaida Umar, flagged off the exercise in Birnin Kebbi, targeting affected residents in Shanga, Yauri and Bunza Local Government Areas. She said the intervention followed a detailed assessment of the affected communities to identify their most pressing needs.

Over the past weeks, suspected bandits reportedly launched coordinated attacks on several villages across the three local government areas. Residents were forced to flee as homes were burnt, food stores destroyed and livelihoods disrupted. Local authorities confirmed casualties and displacement, with many families seeking refuge in neighbouring communities and temporary shelters.

The attacks form part of a broader security challenge confronting parts of northwestern Nigeria, where armed groups have carried out raids on rural settlements, targeting civilians and farmlands. In Kebbi, the violence has compounded existing socio-economic pressures, particularly for farming communities that depend on seasonal harvests for survival.

Speaking at the flag-off ceremony, Umar conveyed the Federal Government’s sympathy to the affected families and the Kebbi State Government. She noted that the relief materials—including food items, bedding and other essential supplies—were provided to cushion the immediate hardship faced by victims.

According to her, the response aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu, which prioritises prompt humanitarian assistance and citizen welfare. She reaffirmed the government’s commitment to supporting vulnerable populations impacted by insecurity and other disasters.

Representing the Emir of Gwandu, the Wazirin Gwandu, Alhaji Abubakar Umar, commended the Federal Government and NEMA for what he described as a timely and compassionate intervention. He urged beneficiaries to make judicious use of the items while praying for lasting peace in the affected communities.

Also speaking, the Wife of the Kebbi State Governor, Hajiya Zainab Nasare Nasir, said the support would help restore hope to displaced families and ease the burden on host communities.

The distribution exercise is part of ongoing efforts by NEMA to mitigate the humanitarian consequences of insecurity and strengthen support systems for crisis-affected populations across the country.

NEMA Provides Relief to Banditry Victims in Kebbi as Communities Struggle to Recover

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Zulum Unveils Infrastructure Push as World Bank Reaffirms Development Support for Borno

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Zulum Unveils Infrastructure Push as World Bank Reaffirms Development Support for Borno

By: Michael Mike

Borno State Governor, Prof. Babagana Zulum has reiterated his administration’s commitment to post-conflict reconstruction and sustainable development following the commissioning of multiple infrastructure and education projects across the state, amid growing international development partnerships.

The projects were formally inaugurated by the Nigeria Country Director of the World Bank, Dr. Mathew Verghis, who described the investments as critical milestones in strengthening human capital development and economic resilience in regions recovering from insurgency.

Verghis praised the Borno State Government for prioritising education and infrastructure as pillars of recovery, noting that long-term stability in conflict-affected regions depends largely on access to quality education, functional infrastructure, and inclusive economic opportunities.

The newly inaugurated facilities include three modern mega schools designed to expand access to quality learning for children in vulnerable communities, as well as major road infrastructure projects aimed at easing movement within Maiduguri metropolis.

The educational facilities include the Government Secondary School Mainusari, the Mega Primary School Maimusari, and the Command Secondary School Maiduguri, all equipped with modern classrooms, learning materials, and student support facilities.

The infrastructure component of the project covers the West End flyover bridge and three major dual carriageway roads spanning Sultan Mainalari, Bursari, and Shehu Sanda Kura corridors. State officials say the roads will improve traffic flow, boost commerce, and enhance security surveillance within the city.

Speaking at the commissioning ceremony, Zulum said his administration is deliberately investing in education as a strategic tool for social transformation. He explained that decades of insurgency had severely damaged school infrastructure and disrupted learning for millions of children.

He disclosed that more than 5,000 classrooms were destroyed during the conflict, displacing thousands of students. To address the challenge, the state government has embarked on massive reconstruction efforts, building new schools while rehabilitating damaged facilities across rural and urban communities.

The governor also highlighted several social intervention programmes aimed at supporting students’ retention in school. These include the distribution of millions of exercise books and textbooks, provision of school uniforms and learning bags, and the expansion of school feeding programmes targeting thousands of pupils annually.

Zulum further stated that vocational and technical education has been prioritised to address youth unemployment. According to him, the state has established multiple vocational training institutes and entrepreneurship schools for women and youth, designed to promote skills acquisition and small business development.

Community leaders, education stakeholders, and development partners attending the event described the projects as a confidence-building step for displaced communities gradually returning to normal life after years of instability.

Observers say the growing partnership between Borno State and international development organisations signals stronger support for recovery, governance reforms, and sustainable growth in the North-East region.

Zulum Unveils Infrastructure Push as World Bank Reaffirms Development Support for Borno

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NESREA Seals Abuja Quarry After Death of 10-Year-Old

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NESREA Seals Abuja Quarry After Death of 10-Year-Old

The National Environmental Standards and Regulations Enforcement Agency (NESREA) has shut down Dai Jin Jia Quarry located in ACO Village along Airport Road, Abuja, following the tragic death of a 10-year-old boy during a blasting operation.

The incident, which occurred on Friday, February 27, 2026, prompted immediate intervention by the agency after it received reports of the fatality linked to activities at the quarry site.

Addressing journalists, the Director of Environmental Quality Control, Mr. Elijah Udofia, who spoke on behalf of the Director-General, Prof. Innocent Barikor, described the development as deeply troubling. He revealed that the facility had previously been sealed by NESREA last year for regulatory breaches but allegedly continued operations in defiance of enforcement directives.

According to him, the agency’s preliminary investigation—conducted alongside officers from the ACO Division of the Nigeria Police—uncovered serious regulatory violations. He stated that the quarry failed to present a documented Blasting Operation Plan and could not provide records of its Charge Load Density (CLD), which details the quantity of explosives used during blasting. These lapses, he noted, constitute violations of Regulation 23 of the National Environmental (Quarrying and Blasting Operations) Regulations, 2013.

Udofia further disclosed that the facility’s warning alarm system, which is required to alert surrounding residents before blasting activities, was found to be faulty at the time of inspection. He emphasized that the absence of such a critical safety measure may have contributed to the tragic outcome.

“It is distressing that despite prior warnings and enforcement actions, the company continued operations in ways that endanger lives and contravene national environmental laws,” he said, adding that the quarry has now been sealed again pending the outcome of a full investigation.

NESREA assured the public that all responsible parties would be held accountable in accordance with the law. The agency also reiterated its commitment to safeguarding host communities and ensuring strict compliance with environmental standards across the country.

The enforcement body called on operators within the quarrying sector and other industries to strictly adhere to national environmental regulations, warning that negligence and non-compliance will attract decisive sanctions.

The agency stressed that protecting lives, communities, and the

NESREA Seals Abuja Quarry After Death of 10-Year-Old

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