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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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Zulum: Borno Will Deliver Tinubu, APC Candidates in 2027 Elections

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Zulum: Borno Will Deliver Tinubu, APC Candidates in 2027 Elections

By: Our Reporter

Borno State Governor, Professor Babagana Umara Zulum, has reaffirmed the commitment of the people of the state to support President Bola Ahmed Tinubu and all candidates of the All Progressives Congress (APC) in the forthcoming 2027 general elections.

Governor Zulum made the commitment on Monday during the All Progressives Congress, APC, Senatorial District Primary Election for Borno Central, in Maiduguri.

The governor also commended President Tinubu for choosing Senator Kashim Shettima as Vice President of the Federal Republic of Nigeria, describing the decision as a great honor to the people of the state.

“Let me begin by extending a profound appreciation to the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, GCFR, for all the support that he has been rendering to our great party and indeed the government and people of the state and for him to choose one of our own, Senator Kashim Shettima, as the Vice President, we remain eternally grateful to him,” Zulum stated.

He assured the President of overwhelming support from Borno State ahead of the next presidential election.

“Insha Allah, the people of Borno State will vote for President Bola Ahmed Tinubu for a second term,” the governor declared.

Zulum also endorsed Senator Kaka Shehu Lawan for another term as Senator representing Borno Central Senatorial District in 2027.

“Today, it has been affirmed that Senator Kaka Shehu Lawan will return as Senator for Borno Central come 2027, Insha Allah,” he said.

The governor called on party supporters and the electorate to remain united and to support APC candidates at all levels.

Chairman of Borno State Senatorial District Primary Elections Committee, Jones Ode Erue, hailed the rancor-free process of all the primary elections conducted in the state.

He commended Governor Babagana Umara Zulum for providing a level playing field and ensuring the exercise was conducted smoothly.

According to him, since the candidate for Borno Central senatorial district, Senator Kaka Shehu Lawan, is unopposed, his candidacy was affirmed by voice vote.

“We have a single candidate, so what we will do is affirmation in compliance with the electoral Act and the APC Constitution,” Esue said.

“By the powers vested in me as Chairman of Borno State Senatorial District Primary Election Committee, I,
Prophet Jones Ode Erue, hereby declare, affirm, and present Senator Kaka Shehu Lawan, having satisfied the constitution of the APC, as the duly returned candidate for Borno Central District,” he declared.

Senator representing Borno Central and APC Senatorial candidate, Senator Kaka Shehu Lawan, SAN, accepted the party’s candidacy and promised his constituents that he would serve diligently.

He thanked Governor Babagana Umara Zulum for the tremendous support and for allowing him to be the party’s sole candidate.

“I hereby accept the candidacy bestowed on me by the party and promised to serve my constituents without affection or ill will,” Kaka Shehu stated.

Officials from INEC and the Security Agencies monitored the exercise.

The event was attended by the APC Deputy National Chairman North, Hon. Ali Bukar Dalori; serving and newly elected candidates for the House of Representatives; the APC state chairman; APC National and State officials; the Secretary to the State Government; the Acting Chief of Staff; Commissioners; and other senior government officials.

Zulum: Borno Will Deliver Tinubu, APC Candidates in 2027 Elections

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Cuba Accuses US of Building ‘False Case’ for Possible Invasion Amid Rising Tensions

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Cuba Accuses US of Building ‘False Case’ for Possible Invasion Amid Rising Tensions

By: Michael Mike

The Cuban government has accused the United States of fabricating allegations against Havana as a pretext for possible military aggression, following reports that Washington is increasingly concerned about Cuba’s alleged drone capabilities and growing ties with Russia and Iran.

Cuban Foreign Minister, Bruno Rodríguez Parrilla, alleged that the United States was “manufacturing a fraudulent case” against Cuba in an attempt to justify tougher sanctions and heightened pressure on the Caribbean nation.

The accusation followed recent reports in American media suggesting that U.S. intelligence agencies were assessing what they described as an emerging security threat linked to Cuba’s acquisition of military drones.

According to reports, U.S. officials fear that Havana may be strengthening military cooperation with countries considered strategic rivals of Washington, including Russia and Iran.

Cuba, however, dismissed the allegations as politically motivated and part of a long-standing campaign aimed at isolating the communist-led island nation.

The development marks a fresh escalation in already strained relations between United States and Cuba, amid worsening economic hardship in Cuba and renewed geopolitical rivalry involving major global powers.

Analysts say tensions between both countries have intensified in recent months following stricter U.S. sanctions, worsening fuel shortages in Cuba and increased diplomatic hostilities.

The Cuban government has repeatedly accused Washington of fueling economic suffering on the island through decades-old embargoes and restrictive measures, while the U.S. maintains that its policies are targeted at promoting democracy and human rights.

The latest dispute emerged after reports claimed that Cuba may have expanded its drone programme with external support, raising security concerns in Washington over possible threats near strategic U.S. facilities, including the Guantanamo Bay naval base.

Havana strongly denied any hostile intentions, insisting that the allegations were exaggerated to create fear and justify additional punitive actions against the country.

Observers note that the war of words comes at a delicate moment in international relations, with growing global polarization between Western powers and countries aligned with Russia and China.

Cuba Accuses US of Building ‘False Case’ for Possible Invasion Amid Rising Tensions

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EU, UNODC, ECOWAS Back Nigeria’s New Drug Control Plan, Warn of Rising Threats

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EU, UNODC, ECOWAS Back Nigeria’s New Drug Control Plan, Warn of Rising Threats

By: Michael Mike

International partners including the European Union (EU), the United Nations Office on Drugs and Crime (UNODC), and the Economic Community of West African States (ECOWAS) have pledged continued support for Nigeria’s efforts to combat substance abuse and illicit drug trafficking under the proposed 2026–2030 National Drug Control Master Plan (NDCMP).

The commitment was made on Monday during the opening of a two-day NDCMP Consultative Forum organised by the National Drug Law Enforcement Agency in Abuja, where stakeholders commended the agency’s achievements while warning against complacency amid evolving drug threats across Africa.

Speaking at the forum, Deputy Head of the EU Delegation to Nigeria and ECOWAS, Mr. Zissimos Vergos, said the European Union remained committed to strengthening collaboration with Nigeria in addressing the transnational nature of drug trafficking and substance abuse.

According to him, Nigeria’s stability and Europe’s security are interconnected, stressing that the impact of drug abuse and trafficking extends beyond national borders.

“Our presence here today is that of partners who have walked this uphill and rough road ourselves, and we continue doing that,” he said.

“What affects the youth of Maiduguri or the streets of Ibadan does not stay within Nigerian borders. Drug trafficking is a transnational challenge, and the master plan laid before this forum is Nigeria’s contribution to a transnational response.”

Vergos noted that the EU had also updated its own drug strategy and action plan with stronger emphasis on international cooperation, adding that the bloc was ready to work with Nigeria in translating the new master plan into practical outcomes.

He also praised the leadership and personnel of the NDLEA for their dedication and commitment to drug control efforts.

Also addressing participants, UNODC Country Representative, Mr. Cheikh Ousmane Touré, warned that the global drug landscape was rapidly changing, driven by the rise of synthetic drugs, increasingly sophisticated trafficking networks, and the growing use of technology to facilitate illicit markets.

He said Nigeria was at the centre of these emerging threats, making it imperative for the country to adopt a comprehensive, data-driven, and forward-looking strategy.

Touré reaffirmed UNODC’s commitment to supporting Nigeria through technical assistance, institutional strengthening, evidence-based prevention and treatment programmes, and enhanced international cooperation.

“As we look ahead, we see this master plan as an opportunity to deepen impact, strengthen data systems, reinforce institutions across all levels of governance, and ensure that the response is people-centred, inclusive, and sustainable,” he said.

Chairman/Chief Executive Officer of the NDLEA, Mohamed Buba Marwa, said although Nigeria had recorded significant progress over the past five years, the country must confront a more complex and evolving drug threat.

Citing projections by the UNODC, Marwa said drug use in Africa could rise by 40 per cent by 2030, while West Africa continued to serve as a major corridor for cocaine trafficking between Latin America and Europe.

He further identified the growing abuse of synthetic substances, prescription drugs, new psychoactive substances, and the increasing digitalisation of the illicit drug trade through encrypted platforms and dark web operations as major concerns.

“As Africa’s most populous nation and largest economy, Nigeria cannot afford to be a passive observer. The risks to our youth, our workforce, and our national security are too high,” Marwa stated.

He explained that the proposed 2026–2030 master plan would introduce new strategic pillars, including alternative development and sustainable livelihoods to address the socio-economic drivers of the drug trade, as well as the disruption of illicit drug economies through financial intelligence.

Marwa urged stakeholders at the forum to think boldly and propose innovative solutions that would shape Nigeria’s drug control strategy over the next five years.

Also speaking, ECOWAS Commissioner for Human Development and Social Affairs, Dr. Daniel Amankwaah, described Nigeria’s master plan as critical to the regional bloc, noting that several ECOWAS member states often draw policy direction from Nigeria’s framework.

He assured the NDLEA of ECOWAS support, not only in finalising the plan but also during implementation.

Minister of State for Education, Suwaiba Said Ahmad, commended the NDLEA for its sustained advocacy, enforcement, rehabilitation, and stakeholder engagement efforts.

She stressed the need for a holistic and multi-sectoral response involving education, healthcare, law enforcement, community participation, and social support systems to effectively address the root causes and consequences of drug abuse.

Other dignitaries at the event included representatives of the Senate Committee on Drugs and Narcotics and the National Orientation Agency.

EU, UNODC, ECOWAS Back Nigeria’s New Drug Control Plan, Warn of Rising Threats

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