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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
U.S. to Deploy Wireless Technology to Nigeria, Benin, Côte d’Ivoire, Ghana and Nigeria
U.S. to Deploy Wireless Technology to Nigeria, Benin, Côte d’Ivoire, Ghana and Nigeria
By: Michael Mike
The U.S. Trade and Development Agency has announced plans to deepen the deployment of American wireless technology in West Africa, targeting underserved rural communities in Benin, Côte d’Ivoire, Ghana and Nigeria.
The agency said it is funding a feasibility study for the installation of about 1,500 turnkey mobile communications base stations using technology developed by Vanu Inc. as part of efforts to bridge the region’s digital connectivity gap and provide an alternative to Chinese-made telecommunications infrastructure that currently dominates the market.
According to the U.S. agency, the project is aimed at expanding trusted and secure broadband access to millions of people in off-grid and rural communities that still rely on outdated 2G and 3G networks or have no access at all.
Deputy Director of the U.S. Trade and Development Agency, Thomas R. Hardy, said the initiative would unlock affordable internet access while also creating export opportunities for American firms.
“USTDA is bringing private sector solutions to unlock widespread, affordable, trusted internet access in off-grid communities across West Africa,” Hardy said.
“By helping American companies compete in these critical markets, we are offering an alternative to insecure infrastructure while creating export opportunities that make America more prosperous.”
The study will be undertaken for Vanu Côte d’Ivoire, with Vernonburg Group LLC providing technical expertise to assess the commercial viability of the large-scale rollout and mobilise financing for implementation.
Officials said the assessment would examine existing telecommunications infrastructure, market conditions, regulatory frameworks and financing options across the four countries.
The proposed deployment is expected to create opportunities for the expansion of U.S.-made wireless solutions, digital infrastructure systems and network management technologies across West Africa.
Chief Executive Officer of Vanu Inc., Andrew Beard, said the initiative would demonstrate that broadband connectivity in difficult and underserved markets could be profitable and sustainable.
He noted that the company’s systems were designed to help mobile network operators provide broadband internet and voice services in economically challenging locations using cost-effective technology built on open interfaces and architectures.
Beard added that the study would help stimulate investment, boost U.S. exports and accelerate the rollout of secure digital infrastructure globally.
The project comes amid growing competition between the United States and China over digital infrastructure development in Africa, where Chinese firms have played a dominant role in telecommunications expansion over the past decade.
The U.S. Trade and Development Agency said the initiative aligns with its mandate of supporting critical infrastructure projects in emerging markets while promoting the deployment of trusted U.S. technologies and services.
U.S. to Deploy Wireless Technology to Nigeria, Benin, Côte d’Ivoire, Ghana and Nigeria
News
Zulum Visits Uba, Chibok Communities, Vows Rescue of Abducted Schoolchildren
Zulum Visits Uba, Chibok Communities, Vows Rescue of Abducted Schoolchildren
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, on Tuesday visited Uba town to sympathise with parents of schoolchildren recently abducted in Mussa community, assuring residents that all efforts were being intensified to secure the safe release of the victims.
Governor Zulum, who has consistently visited communities affected by insecurity to console victims and assess the situation firsthand, met with parents of the abducted children at the palace of the Emir of Uba.
Addressing the gathering, the governor conveyed his heartfelt sympathy to the Emir, the parents of the abducted children and the entire people of the Uba Emirate over the unfortunate incident.
“I want to convey my deepest sympathy to the Emir of Uba, parents of the abducted children and the entire people of Uba Emirate over the recent unfortunate incident,” Zulum stated.
“Let me assure you that the Federal Government under the distinguished leadership of President Bola Ahmed Tinubu, the Nigerian Armed Forces and Borno State Government will do everything possible to secure the release of the children,” he assured.
The governor commended the military and other security agencies for taking proactive measures to prevent further deterioration of the security situation in the area.
He disclosed that the Brigade Commander, Commanding Officer, Divisional Police Officer and other heads of security establishments had already been deployed to strengthen security and facilitate the safe return of the abducted children.
Governor Zulum also pledged to fortify security in Askira, Uba and adjoining communities to prevent a recurrence of similar incidents.
“We have made frantic efforts to stabilize Askira, Uba and adjoining communities through reinforcing security in these areas,” he said.
The governor appealed to the abductors to release the innocent children, noting that they were minors who required the care and protection of their parents.
He further called on residents of the Uba Emirate and the entire people of Borno State to intensify prayers, especially during the first 10 days of the holy month of Dhul Hijjah.
Speaking during the visit, the Emir of Uba, Alhaji Ali Ibn Isma’ila Mamza II revealed that the incident occurred on Friday, 15 May, when 48 persons were abducted in Mussa community, including 37 primary school pupils, six secondary school students and five other residents.
The monarch commended Governor Zulum for his unwavering commitment to addressing insecurity, uniting the people of the state and supporting the emirate.
Also speaking, a representative of the Mussa community, Dr. Chinapi Amanja, appreciated the governor for the visit and acknowledged the deployment of senior military officers and other security personnel to the area.
…Zulum Condoles Chibok Communities
In a related development, Governor Zulum also visited Chibok town to commiserate with communities affected by recent attacks in parts of Chibok Local Government Area.
Addressing district heads, village heads, council members and other stakeholders, the governor said he was deeply saddened by the attacks, which claimed several lives and left many others injured.
“I purposely came to Chibok to sympathize with you over the recent attacks in some parts of the local government which claimed many lives and left others injured,” Zulum said.
“I want to assure you that the Federal Government, Nigerian Armed Forces and the Borno State Government will do everything possible to avert the recurrence of such incidents,” he added.
The governor urged residents to remain calm and law-abiding, assuring them that government was making concerted efforts to restore normalcy in the area through the deployment of additional troops.
He also prayed for the repose of the souls of those who lost their lives and asked God to grant their families the fortitude to bear the loss.
Speaking on behalf of the affected communities, the District Head of Garu, Engr. Zannah Madu, appreciated the governor for the visit and for the continued government intervention in addressing security challenges in the area.
Governor Zulum was accompanied on the visits by the member representing Chibok/Damboa/Gwoza Federal Constituency, Hon. Ahmed Jaha; Acting Chief of Staff to the Governor, Dr. Babagana Mustapha Malumbe; Commissioner for Information and Internal Security, Professor Usman Tar; Permanent Secretary, Government House and Security, Barrister Mustapha Busuguma; Special Adviser on Monitoring, Engr. Baba Bukar Gujbawu; and Special Adviser on Media, Dauda Iliya.
Zulum Visits Uba, Chibok Communities, Vows Rescue of Abducted Schoolchildren
News
Rainy season: NEMA strengthens disaster preparedness, community resilience in Gombe
Rainy season: NEMA strengthens disaster preparedness, community resilience in Gombe
The National Emergency Management Agency (NEMA) on Monday engaged relevant stakeholders in Gombe State on the National Preparedness and Response Campaign (NPRC) 2026.
This is part of ongoing nationwide efforts aimed at strengthening disaster preparedness and community resilience across the state and country.
In her keynote address, the Director General NEMA, Mrs. Zubaida Abubakar Umar represented by the North-East Zonal Director of NEMA, Mr Suleiman Yakubu stated that the campaign was designed to drive early and coordinated action to protect lives and livelihoods during this year’s rainy season.
Also speaking at the engagement, the Head of NEMA Gombe Operations Office, Hajia Ummuna Ahmed, commended the community members and stakeholders for their cooperation and commitment toward disaster preparedness.
Ahmed stressed the importance of early warning information, community participation, and proactive measures in reducing the impact of disasters on lives and livelihoods.
In his presentation on Disaster Risk Reduction Measures, Dr Terungwa Igue specified the various sectorial roles in reducing risks associated with floods.
Igue assured stakeholders of NEMA’s continued commitment to strengthening preparedness initiatives, enhancing public awareness, and promoting safer and more resilient communities across Gombe State.
The engagement further demonstrated the shared commitment of all stakeholders toward fostering safer, better informed, and disaster resilient communities throughout the state.
The team carried out extensive community sensitisation and engagement activities in Wuro Juli Community in Akko LGA of Gombe State.
The sensitisation continued on Tuesday at Yamaltu Emirate in Yamaltu Deba LGA where the Emir of Yamaltu, Alhaji Abubakar Aliyu appreciated NEMA for always coming to sensitise them and charged all the 14 Hakimis who represented 14 villages to take the messages to their domain.
The community engagement exercise focused on enhancing disaster preparedness, promoting early warning awareness, and building community resilience against potential hazards and emergencies, particularly flood related.
The exercise was conducted in collaboration with the Gombe State Emergency Management Agency (GOSEMA), Local Emergency Management Committees (LEMCs), and community leaders, whose active participation and support contributed immensely to the success of the campaign.
The collaboration further reinforced the collective commitment toward disaster risk reduction and effective emergency response at the grassroots level.
Rainy season: NEMA strengthens disaster preparedness, community resilience in Gombe
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