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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
All Hands Must Be On Deck To Boost Nigeria’s Business Environment, Says VP Shettima
- Urges states, MDAs, others to work towards actualizing President Tinubu’s reforms at PEBEC Gala and Awards Night
By: Our Reporter
The Vice President, Senator Kashim Shettima, has implored state governments, ministries, departments and agencies (MDAs) of the federal government, the organised private sector, and other stakeholders to do more in advancing the business environment in Nigeria.
He acknowledged the successes recorded this year, describing them “as the triumph of collaboration over silos,” even as he said when the 36 states of the federation, MDAs, development partners and other critical sectors commit to working together across the board, it becomes a big win for Nigeria.
Senator Shettima gave the charge on Tuesday in Abuja during the PEBEC Gala and Awards Night organized by the Presidential Enabling Business Environment Council (PEBEC) to celebrate exceptional public service delivery, reform excellence, and collaborative efforts toward improving Nigeria’s business environment.
He said, “The end of this night does not signal the end of your pursuit of excellence because excellence is a culture, not an event. It lives only where it is nurtured. And so, in the new year, let us do even more to advance the reform agenda for Nigeria’s business environment.
“Let us build a nation where efficiency is normal, where transparency is routine, and where excellence is the governing creed of public service.”
The Vice President underscored the importance of working as a team, noting that while every organisation reflects the kind of people working within, the people cannot “achieve excellence in a vacuum.”
According to VP Shettima, excellence is cultivated – “the result of choices, of discipline, of a refusal to settle for the bare minimum,” adding that it is not something that is inherited.
He observed that it is for this reason that the Gala and Awards Night was organised “to honour the belief that public service can and must be synonymous with excellence.”
Reminding stakeholders that the ball is in their court to make a difference, the VP said, “His Excellency President Bola Ahmed Tinubu has laid the critical foundation for the reforms required to reset our economy, and the success of this depends on the awardees we celebrate tonight.
“Your dedication and excellence embody the spirit of this administration’s Renewed Hope Agenda. You represent the very best of our public sector, and your work is the foundation upon which our nation’s prosperity is built.”
Senator Shettima described the Gala and Awards Night as “a celebration of public servants across Nigeria who have refused to accept mediocrity as our national ceiling,” by working hard to actualize the ongoing reforms undertaken by the Tinubu administration.
“The Presidential Enabling Business Environment Council, PEBEC, has spent the last couple of years championing reforms that speak to the soul of our economic aspirations—reforms that make it easier to do business, that restore investor confidence, that ensure our institutions work at the speed of national ambition.
“And tonight, we salute the men and women driving this mission forward, those who have placed the national interest above their comfort zones,” he said.
Acknowledging that there had been interagency collaboration on reforms that rapidly improve the nation’s business environment, the Vice President cited the establishment of the Ports and Customs Efficiency Committee (PCEC), which he said is “already bearing significant fruit through joint inspection procedures at” the ports.
Earlier, the Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hadejia, said under the leadership of Vice President Shettima, PEBEC has continued to deliver reforms that is incrementally impacting businesses in different sectors across the country.
He, however, reminded stakeholders that the task of transforming Nigeria’s business environment is far from over, as every improvement celebrated at the 2025 awards will be the foundation upon which more lasting reform initiatives will be built.
On her part, the Director-General of PEBEC, Princess Zahrah Audu, outlined some of the achievements recorded by the agency in the past year through deliberate and result-oriented collaboration to transform operations across MDAs, noting that reform is embedded and remains a critical component of PEBEC’s service delivery.
She added that the scope of PEBEC’s achievements under the current dispensation reflects the depth of partnership established and nurtured by management with critical stakeholders across the country over the past months.
The highpoint of the occasion was the unveiling of the 2025 Business Facilitation Act (BFA) Compliance Report and the Subnational Ease of Doing Business Report, as well as the presentation of various categories of awards, including access to justice; legislative trailblazer; leadership of action and business advocacy and partnership, among others.
Also present at the event were the Deputy Governor of Benue State, Dr Sam Ode; Deputy Governor of Enugu State, Mr Ifeanyi Ossai; Chairman of NDLEA, Brig. Gen. Mohammed Buba Marwa; Executive Secretary of the Nigerian Shippers Council, Mr Pius Akutah; Executive Vice Chairman of Nigerian Communications Commission (NCC), Dr Aminu Maida; Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, other heads of agencies and parastatals; members of the diplomatic corps, and captains of industry, among others.
All Hands Must Be On Deck To Boost Nigeria’s Business Environment, Says VP Shettima
PRESIDENT TINUBU NOMINATES GENERAL CHRISTOPHER MUSA AS THE NEW MINISTER OF DEFENCE
By: Our Reporter
President Bola Ahmed Tinubu has nominated General Christopher Gwabin Musa as the new Minister of Defence.
In a letter to Senate President Godswill Akpabio, President Tinubu conveyed General Musa’s nomination as the successor to Alhaji Mohammed Badaru Abubakar, who resigned on Monday.
General Musa, 58, on December 25, is a distinguished soldier who served as Chief of Defence Staff from 2023 until October 2025. He won the Colin Powell Award for Soldiering in 2012.
Born in Sokoto in 1967, General Musa received his primary and secondary education there before attending the College of Advanced Studies in Zaria. He graduated in 1986 and enrolled at the Nigerian Defence Academy the same year, earning a Bachelor of Science degree upon graduation in 1991.
General Musa was commissioned into the Nigerian Army as a Second Lieutenant in 1991 and has since had a distinguished career. His appointments include General Staff Officer 1, Training/Operations at HQ 81 Division; Commanding Officer, 73 Battalion; Assistant Director, Operational Requirements, Department of Army Policy and Plans; and Infantry Representative/Member, Training Team, HQ Nigerian Army Armour Corps.
In 2019, he served as Deputy Chief of Staff, Training/Operations, Headquarters Infantry Centre and Corps; Commander, Sector 3, Operation Lafiya Dole; and Commander, Sector 3 Multinational Joint Task Force in the Lake Chad Region.
In 2021, General Musa was appointed Theatre Commander, Operation Hadin Kai. He later became Commander of the Nigerian Army Infantry Corps before being appointed Chief of Defence Staff by President Tinubu in 2023.
In the letter to the Senate, President Tinubu expressed confidence in General Musa’s ability to lead the Ministry of Defence and further strengthen Nigeria’s security architecture.
End
Finally, DSS Arraigns Sowore on alleged Cybercrime Offences
By: Our Reporter
Judge bars him from inciting public, undermining national security
The Department of State Services (DSS) on Tuesday arraigned a politician and online publisher, Omoyele Sowore, before a Federal High Court in Abuja, for alleged cybercrimes, with the court barring him from further making statements that are detrimental to the peace and security of the country.
Justice Mohammed Umar, in a ruling, threatened to revoke the bail granted Sowore’ should he ever make such statements. The arraignment came after two previous attempts, with the politician’s lawyer introducing what the DSS lawyer, Akinolu Kehinde SAN, called legal obstacles.
On Tuesday, however, Justice Umar held that since there was evidence that Sowore was a presidential candidate in the country before and having also earlier been granted bail by the court, with his international passport still being held by the court, he was entitled to be granted bail on self-recognition.
The ruling was on a bail application argued by his lawyer, Marshall Abubakar, shortly after Sowore was arraigned on a five-count charge, in which he is accused of defaming President Bola Tinubu by referring to him as a criminal in his posts on X and Facebook.
When the charge, being prosecuted by the Department of State Services (DSS), was read to him, Sowore pleaded not guilty.
In the charge, Sowore, the presidential candidate of the African Action Congress (AAC) in the 2019 and 2023 elections, is accused of contravening the provisions of the the Cybercrimes (Prohibition, Prevention, etc) Amendment Act, 2024 and the Criminal Code Act by calling President Bola Tinubu a criminal
The two other defendants listed in the charge, marked: FHC/ABJ/CR/484/2025 are X Incorp (formerly Twitter) and Meta (Facebook) Incorp.
Details shortly.
Finally, DSS Arraigns Sowore on alleged Cybercrime Offences
All Hands Must Be On Deck To Boost Nigeria’s Business Environment, Says VP Shettima
PRESIDENT TINUBU NOMINATES GENERAL CHRISTOPHER MUSA AS THE NEW MINISTER OF DEFENCE
Finally, DSS Arraigns Sowore on alleged Cybercrime Offences
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