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 Disburses ₦2bn Starter Packs to 2,970 Trained Borno Youths in Massive Empowerment Drive

Published

on

Zulum Disburses ₦2bn Starter Packs to 2,970 Trained Borno Youths in Massive Empowerment Drive

By: Michael Mike

Governor Babagana Zulum on Tuesday rolled out a ₦2.05 billion empowerment package for 2,970 young people trained in vocational skills across Borno State, marking a major push in the state’s transition from humanitarian recovery to economic rebuilding after more than a decade of insurgency.

The beneficiaries, who graduated from nine modern vocational enterprise institutes and centres established by the Zulum administration, received comprehensive starter packs and business kits designed to enable immediate take-off of small and medium-scale enterprises.

The ceremony, held at the Muna Vocational Enterprises Institute in Maiduguri, drew senior government officials, lawmakers and technical education stakeholders, underscoring the scale and strategic importance of the intervention.

Addressing the gathering, Zulum described youth empowerment as a cardinal pillar of his administration, particularly in a state where insurgency disrupted livelihoods, deepened unemployment and left thousands of young people vulnerable.

He said the government deliberately prioritised skills acquisition and entrepreneurship as sustainable pathways to restore dignity and rebuild productive capacity.

“We remain mindful of the devastating effects of insurgency on our communities,” Zulum stated. “It became imperative for government to implement sustainable interventions aimed at restoring dignity, creating opportunities and rebuilding productive capacity among our people.”

The governor noted that since 2019, his administration has established five major vocational enterprise institutes in Muna, Mafa, Biu, Shani and Magumeri, reactivated nine vocational training centres, and set up three Second Chance Skills Entrepreneurship Schools targeted at women and girls.

He disclosed that over ₦40 billion has been invested in building, rehabilitating and equipping vocational institutes, training centres and technical colleges across the state. According to him, the investment aligns with a broader Technical and Vocational Education and Training (TVET) strategy aimed at reducing the number of out-of-school youths, promoting self-reliance and creating a skilled workforce capable of contributing to the state and national economy.

The graduates were trained in high-demand sectors such as information technology, construction, plumbing, tailoring, welding and other artisan trades, reflecting the state’s intention to match training with market realities.

Earlier, Commissioner for Education, Engr. Lawan Abba Wakilbe, said the initiative was a direct product of Governor Zulum’s vision to empower conflict-affected youths with practical, employable and entrepreneurial skills.

He explained that the programme was conceived as part of a broader social and economic rebuilding agenda to support vulnerable groups, particularly young people and women whose lives were disrupted by years of insecurity.

The event was attended by the Executive Secretary of the National Board for Technical Education, Professor Idris Bugaje; Senators Mohammed Tahir Monguno, Mohammed Ali Ndume and Kaka Shehu Lawan; Secretary to the Borno State Government, Bukar Tijani; Acting Chief of Staff, Babagana Mallumbe, among other dignitaries.

With the distribution of the ₦2 billion starter packs, the Borno State Government signalled a deliberate shift from short-term relief interventions to long-term economic empowerment, positioning youth entrepreneurship as a central driver of stability, growth and lasting peace in the state.

Zulum Disburses ₦2bn Starter Packs to 2,970 Trained Borno Youths in Massive Empowerment Drive

Continue Reading

News

Send Your Kids To Acquire Technical Education Now……Zulum

Published

on

Send Your Kids To Acquire Technical Education Now……Zulum

By: Bodunrin Kayode

Borno Governor Professor Babagana Zulum has called on residents to send their wards into the technical vocational and education training (TVET) centre for them to acquire skills for livelihood.

He regretted that there are about nine vocational enterprise institutes/ centres in Borno state but young people are not responding to the opportunities that abound in these training centres the way he felt they should embrace it.

The Governor who attended the graduation ceremony of 2,970 trainees Tuesday at the vocational enterprise institute Muna in the outskirts of Maiduguri said he hardly shed tears over anything but the way the young people dismiss the opportunities offered by these centres sometimes make him to tear up.

Speaking in Hausa to the locals present, he went on ” Look I established centres like this one here, in Mafa and all over the state but sadly the young ones are painfully snubbing these places which is there to change their lives and teach them how to fish.

” I hardly shed tears easily but each time I watch our young ones who need these opportunities snubbing what we brought for them to benefit, I feel bad indeed. It makes me feel like shedding tears.

” This is why I am begging you to please hurry up and ensure you enroll your children to grab this opportunity which is lined up for them now that it lasts.”

He assured the Executive Secretary of the National Board for Technical Education (NBTE), Professor Idris Bugaje that Borno will continue to lead in the TVET centre module of training for as long as there are out of school kids and orphans littering the metropolis and the countryside.

He assured the NBTE boss that Borno is not yet done with his agency adding that he will surely find a way to sit down and work something out that would be beneficial to the state on the long term basis.

Zulum posited that a situation in which a serious business man like Dangote will have to bring in as many as 11,000 technicians from India to boast production in his refinery when young Nigerians would have taken such position is sad.

The Governor warned parents that they have only five years left to think about the offers in the centres and enroll their kids so that they too will become beneficiaries of the goodies offered by the system.

At the end of the speech making session, Gov Zulum, awarded 100,000 naira each to the 2,970 beneficiaries who completed their intensive vocational training across the state.

Zulum equally distributed starter packs and business kits valued at ₦2,050,000,000 to the graduates, aimed at equipping them to establish their own enterprises to become self-employed almost immediately.

The beneficiaries were drawn from the nine vocational training institutes located across Borno State offering skills in fields such as information technology, plumbing, construction, tailoring, welding and various artisan trades.

Governor Zulum, while addressing the gathering, reiterated his administration’s commitment to supporting young people, particularly those affected by over 10 years of insurgency in the state.

“Distinguished ladies and gentlemen, one of the cardinal priorities of this administration has been youth empowerment and the protection of vulnerable members of our society. We remain mindful of the devastating effects of insurgency on our communities, which disrupted livelihoods, increased unemployment and exposed many young people to uncertainty and hardship.

“It became imperative for the government to implement sustainable interventions aimed at restoring dignity, creating opportunities and rebuilding productive capacity among our people.

“It is with great honour and a deep sense of fulfilment that I address this distinguished gathering on the occasion of the graduation and presentation of starter packs to 2,970 trainees drawn from nine vocational enterprises institutes and centres across Borno State.

“In addition, we reactivated nine vocational training centres and three second chance skills entrepreneurship schools dedicated to women and girls.” Said Zulum.

The Governor said that the institutes prioritises the enrolment of vulnerable individuals, particularly those affected by insurgency and provide structured training in diverse vocational and technical trades to enhance employability and economic independence.

Prof Zulum revealed that, his administration had invested over ₦40 billion in the establishment, rehabilitation, and equipping of vocational enterprises institutes, vocational training centres and technical colleges across Borno State since he was sworn into office.

According to Zulum, this strategic investment is aimed at reducing the number of out-of-school youths, promoting self-reliance and developing a skilled workforce capable of contributing meaningfully to both the state and national economy through Technical and Vocational Education and Training (TVET).

Commissioner for Education, Lawan Wakilbe, explained Zulum’s vocational training concept, which he noted is a direct product of the visionary leadership and unwavering commitment of the Governor whose administration recognises the urgent need to empower youths with practical, employable and entrepreneurial skills.

The initiative he stressed is equally part of the Governor’s broader agenda to promote self-reliance, restore dignity, rebuild livelihoods, particularly among conflict-affected youths, women and vulnerable members of the society.

Send Your Kids To Acquire Technical Education Now……Zulum

Continue Reading

News

FRSC moves to enforce discipline, professionalism

Published

on

FRSC moves to enforce discipline, professionalism

The Federal Road Safety Corps (FRSC) on Tuesday, sensitised its personnel in Gombe State to enhance discipline, professionalism, and service delivery.

Corps Marshal, Shehu Mohammed while engaging with personnel at the FRSC Gombe Sector Command said the initiative was borne out of the need to respond to recent operational reports that reveal trends “we cannot and will not ignore.”

Mohammed who was represented by an Assistant Corps Marshal Ezekiel SonAllah said the Corps had observed a disturbing decline in discipline and professionalism.

He said that those lapses had manifested as misconduct, unethical practices, abuse of authority, extortion, reckless enforcement behaviours and other actions that contradicted its mandate and were steadily eroding public trust in the Corps.

The Corps Marshal reminded the personnel that such behaviours were not only unacceptable but endangered the credibility and reputation of the Corps.

“Every time a road user loses confidence in us, our mandate becomes harder to achieve; every act of unprofessional conduct damages the image of thousands of disciplined staff and every abuse of authority weakens the trust built over decades,” he stressed.

Mohammed further told personnel that discipline was not punishment but protection, as “ It protects our reputation, our careers, the Corps and ultimately the lives of Nigerians who depend on us daily.”

According to him, professionalism to the Corps is mandatory and not optional.

The Corps Marshal also warned personnel against extortion, harassment and abuse of authority, emphasising that such acts were illegal and would not be tolerated.

He expressed optimism that the engagement with personnel would help restore the highest standards of discipline, rebuild public confidence, towards making the Corps an enduring symbol of professionalism and integrity.

Our Correspondent reports that the theme of the sensitisation is “Discipline, Reinforcement and Strengthening of Command and Control in the Field Commands.”

Recall that FRSC, in February, dismissed 43 of its personnel over offences bordering on desertion, scandalous conduct and patrol-related misconduct.

The move was described by the Corps as a firm demonstration of its zero tolerance for indiscipline and ethical breaches.

FRSC moves to enforce discipline, professionalism

Continue Reading

Trending

Verified by MonsterInsights