Connect with us

National News

Group Expresses Apprehension Towards FG’s Fiscal Action

Published

on

Group Expresses Apprehension Towards FG’s Fiscal Action

… Demands Accountability

By: Michael Mike

The Centre for Social Justice (CSJ), a Knowledge Institution and leading advocate for fiscal transparency and accountability, has expressed apprehension over recent developments regarding the Federation Account Allocation Committee (FAAC) and the establishment of the Infrastructure Support Fund (ISF) for the 36 states of the Federation.

In a press statement on Friday, CSJ said it takes note of FAAC’s recent resolution to save a portion of the June 2023 distributable revenue, noting that: “While it is commendable to consider saving for the future, we are keen to understand the policy or legal framework guiding this decision.”

It asked: “Is this done under the Excess Crude Account set up by the Fiscal Responsibility Act or under which law or policy framework. Therefore, the establishment of this savings fund must be based on a clear legal and policy framework showing how the funds will be managed including its distribution, accruing interest and investment by the three tiers of government.”

CSJ recalled that the Infrastructure Support Fund (ISF) set up by pronouncement is without legal or policy foundation, insisting that such a fund needs legislative authority for its establishment and operation.

It argued that the reliance on Exchange Difference revenue, which constituted the largest part of the N907 billion distributed among the three tiers of government, is not sustainable, urging the Nigerian government to prioritize diversifying revenue sources to ensure stability and reduce vulnerability to economic fluctuations, also calling on the government to explore more sustainable and viable means of revenue generation.

On the National Economic Council’s Decision on the National Social Register, the CSJ acknowledged the decision of the National Economic Council (NEC) to discard the National Social Register used by the previous administration for conditional cash transfer, citing integrity concerns, adding that: “However, we are apprehensive about the proposition that states should prepare their own registers. This approach may potentially lead to political patronage and lack of transparency.

“We advocate for the establishment of comprehensive criteria applicable across all the states of the federation, to determine the poorest of the poor, ensuring that the register is credible and truly serves its intended purpose. Furthermore, the expectation was the states should clean and correct the lapses identified in the existing register. This would not take more than one to two months.

“Starting the compilation of a fresh register by states will require not less than four months to complete at a time Nigerians are already in dire straits and need immediate action to ameliorate the hardship arising from fuel subsidy removal and unification of the exchange rate.”

CSJ also called for the reintroduction of the practice of publishing allocations to states and local governments in major newspapers and on the website of the Federal Ministry of Finance, noting that increased transparency in revenue allocation will enhance public awareness and promote accountability in the use of public resources.

CSJ urged all Nigerians, civil society organisatiins, organised labour, media, and religious leaders to actively monitor and report on the use of government revenue at the federal, state, and local levels, stating that: “By promoting transparency and discouraging the abuse of government resources, we can collectively work towards a more accountable and responsible governance system,” urging the government to adhere to the rule of law, ensure transparent allocation and usage of public funds, and prioritize sustainable revenue generation for the benefit of all Nigerians.

Group Expresses Apprehension Towards FG’s Fiscal Action

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

At UN Food Summit, Nigeria Maps 10-year Youth-led Agricultural Renewal Plan

Published

on

At UN Food Summit, Nigeria Maps 10-year Youth-led Agricultural Renewal Plan

** We’ve doled out $538m for SAPZs, created 785,000 jobs, says VP Shettima

By: Michael Mike

The Nigerian government has unveiled a 10-year Strategic Action Plan (2026–2035) to transform its agricultural sector, with Vice President Kashim Shettima declaring that the youth-led innovation will be central to the country’s food systems transition.

The plan is part of Nigeria’s national strategy to implement the Comprehensive Africa Agricultural Development Programme (CAADP) Kampala Declaration (2026–2036), adopted by African Heads of State to strengthen food and nutrition security across the continent.

Speaking on Tuesday at a high-level dialogue between African youth agri-food entrepreneurs and African leaders during the United Nations Food Systems Summit Stocktake (UNFSS+4) in Addis Ababa, Ethiopia, Vice President Shettima emphasised the importance of investing in young people to drive innovation and resilience across food systems.

“A nation that is prepared for the future is not known by the promises it makes but by the place it gives to its youth in shaping those promises. To see African youths leading the charge in this essential sector speaks more eloquently than any speech,” VP Shettima stated.

He explained that Nigeria has already inaugurated an Agricultural Sector Working Group and a Technical Committee to coordinate national implementation of the Kampala Declaration and develop the 10-Year Strategic Action Plan.

According to him, the plan will align national and subnational priorities, promote public-private partnerships, and embed strong youth engagement at every level.

The Vice President also noted that the Federal Government has recapitalised the Bank of Agriculture with ₦1.5 trillion ($1 billion) to support the Youth Agricultural Revolution in Nigeria, providing loans of up to ₦1 million to young farmers and agri-groups across the country.

“This is not charity. It is strategic inclusion. It is resilience engineered into policy,” VP Shettima said.

The Vice President listed several ongoing initiatives, including Nigeria’s collaboration with the Netherlands, CGIAR, and IITA under the Youth in Agribusiness Initiative, which is targeting 10,000 youth, with 40–50% of them women, across innovative hubs in horticulture, poultry, aquaculture, and cassava processing.

He also cited investments in mechanisation, greenhouse expansion, and irrigation systems, along with the $1.1 billion Green Imperative Project with Brazil, which is enhancing year-round agricultural productivity and value chain efficiency.

“We launched the first 2,000 tractors in a 70-million-dollar investment, targeting over 550,000 hectares of land and reaching more than 550,000 farming households. In partnership with John Deere, we are deploying 10,000 tractors over five years,” he said.

Shettima reaffirmed Nigeria’s call for increased investment in value addition and agro-processing to end the export of raw commodities and build more resilient local economies.

The forthcoming 10-Year Action Plan, he added, will prioritise training and mentorship in agro-technology and agribusiness, with a strong monitoring and evaluation framework.

“This is not a sprint. It is a generational relay that requires collective action, strategic partnerships, and an unwavering commitment to shared responsibility,” he said.

Meanwhile, Vice President Shettima also addressed the Plenary Session on Transforming Food Systems in Complex Settings, where he disclosed that Nigeria has already committed $538.05 million to the first phase of the Special Agro-Industrial Processing Zones (SAPZ) programme, a flagship initiative aimed at boosting agricultural productivity, improving rural livelihoods, and accelerating agro-industrialisation.

“The SAPZ programme in Nigeria is being implemented in partnership with the African Development Bank (AfDB), the International Fund for Agricultural Development (IFAD), the Islamic Development Bank (IsDB), and other key development partners. The initiative is projected to attract $1 billion in total investments by 2027, reduce post-harvest losses by 80%, and has already generated over 785,000 jobs across targeted regions,” he noted.

VP Shettima added that African youths hold the key to the continent’s agri-food future and thus, no stone should be left unturned in mobilising this greatest asset.

He reiterated the Federal Government’s commitment to tackling food insecurity, noting that the administration of President Bola Ahmed Tinubu has declared a State of Emergency on Food Security, reactivated over 500,000 hectares of arable land, deployed strategic food reserves, and expanded access to seeds and extension services.

VP Shettima also emphasised the importance of security sector reforms to ensure farmers can access their lands safely and continue food production in rural communities.

In addition, he called for international collaboration to recharge the Lake Chad Basin, expand sustainable irrigation systems, and establish a national farm database.

He also advocated for anticipatory action to climate shocks, emergency school feeding programmes in conflict-affected areas, and resilience-building initiatives to secure long-term stability.

“Food security is the trust anchor of peace,” the Vice President stated.

Also speaking, United Nations Deputy Secretary-General, Amina Mohammed, decried worsening global food insecurity, noting that “over 37 million children under five who faced acute malnutrition this year are almost the entire population of Canada.”

“Short-term interventions disconnected from long-term development planning are not the solutions we are seeking. We must choose transformation over dependency,” she said.

She commended leaders, including President Tinubu, who are embedding resilience in national strategies, combining global, digital and traditional knowledge to create inclusive and sustainable food systems.

“We need coordination as a people and not just bureaucracies. Bureaucracies are important; we need strong public institutions, but our efforts must translate into impact in people’s lives,” Mohammed added.

Other speakers at the summit included World Food Programme Executive Director, Cindy McCain; Deputy Prime Minister of Somalia, Salah Jama, and Moubarack Roubo from the Ministry of Agricultural Production and Industrialisation, Chad, among others.

At UN Food Summit, Nigeria Maps 10-year Youth-led Agricultural Renewal Plan

Continue Reading

National News

One killed, another injured as gunmen invade Gari Village in Niger State

Published

on

One killed, another injured as gunmen invade Gari Village in Niger State

By: Zagazola Makama

Armed men have attacked Gari Village in Masamagu area of Niger State, killing one person and abducting another in a violent incident that occurred on Wednesday night.

Zagazola Makama gathered that the attack happened at about 9:30 p.m. on July 24, when six unidentified gunmen stormed the community and macheted a 55-year-old man, Umaru Zakiru, to death.

They also abducted one Hussaini Muhammed to an unknown destination, but the victim later escaped from captivity with a gunshot wound.

A tram of security forces responded promptly and evacuated both the deceased and the injured to the General Hospital in Kontagora for autopsy and medical treatment.

A manhunt has been launched to track down the assailants and bring them to justice.

One killed, another injured as gunmen invade Gari Village in Niger State

Continue Reading

National News

Tinubu Assures Nigerians in Diaspora of Favourable Policies Towards Them

Published

on

Tinubu Assures Nigerians in Diaspora of Favourable Policies Towards Them

By: Michael Mike

President Bola Tinubu on Friday assured Nigerians in Diaspora of his administration’s determination to continue to provide the enabling environment and policies that will boost their active participation in the country’s governance.

Tinubu gave the assurance at the opening of the National Diaspora Day celebrations 2025 at the Banquet Hall, Presidential Villa, Abuja.

This year’s celebration is themed: “Optimizing formidable Diaspora Potentials for National Development and growth”.

The President, who was represented by the Secretary to the Government of the Federation, Senator George Akume, said: “We will continue to provide an enabling platform for effective policies for the Diaspora with the view to galvanizing your support for this administration and concretizing our democracy, optimizing your potentials and setting a good example for other African countries to emulate.

“Let me also state that we will look into the Challenges NiDCOM has enumerated with a view to ameliorating same so that we can harvest maximally the benefits of migration through the engagements with our Diaspora for national development and growth.”

He added that: “It is a great delight to address our over 20 million Nigerians in the diaspora on this auspicious occasion of the celebration of our National Diaspora Day 2025.”

“Only Nigerians both at home and abroad can develop Nigeria,” Tinubu stated.

The President highlighted the contributions of the diaspora, which include increasing remittances, pointing out that in 2024 alone, “Nigerians abroad sent home $20.9 billion through official channels—more than four times the value of the country’s foreign direct investment.

He said: “The Nigerians in the diaspora are also actively investing in our health care, agriculture, education, information, communication technology, housing and real estate, sports, transportation, oil and gas, and other sectors.

“This, I must say, is commendable and in our enlightened self-interest.”

The President stressed how highly the government rates the Nigerians in diaspora, saying “Our renewed hope for foreign policy recognises the diaspora as the fourth pillar for the agenda—namely democracy, demography, development, and diaspora.

In his goodwill message, the minister of Interior, Dr. Olubunmi Tunji-Ojo said:
“When you go to any part of the world, maybe in Asia, Africa, South America, you will see Nigerians excelling. Nigerians breaking barriers. Nigerians breaking ceilings. And Nigerians using ceilings as springboards to greatness.”

The Minister highlighted the economic potential of diaspora remittances—comparing Nigeria’s $21bn in 2024 remittances to $32.91bn in oil earnings and India’s $135.46bn diaspora inflows.

He said: “What does that tell you? It tells you that the power of economic emancipation, a lot of this resides within you, beyond your own imagination,” he said.

The minister also explained that the administration is laying the foundation for long-term national prosperity—even if short-term sacrifices are required.

“You cannot cure a tumor by virtue of a paracetamol. It is important that the Renewed Hope agenda of Mr. President came into being. And today, we can see the results. We can see the economic stability of this country,” he said.

Tunji-Ojo also spoke on the reforms in his ministry which include immigration and the protection of critical national infrastructure.

He therefore called on the diaspora community to trust in the country’s direction under President Tinubu’s leadership.

“Nigeria has never been ready for investment more than now. We are ready for investment.

“I assure you, under the leadership of this President, you will never regret your investment. Nigeria loves you. Nigeria cares about you. And this particular administration cares about you,” he said.

Earlier, in her remark, Chairman of the Nigerians in Diaspora Commission, Dr. Abike Dabiri-Erewa, said “The theme is apt to appreciate the efforts of both the government and the diaspora community in nation building and also to discuss how to make diaspora engagements better for national development.”

She emphasised the role of Nigerians in diaspora in the country’s development.

Dabiri-Erewa announced a proposed Diaspora Presidential Fellowship Programme. The initiative would allow professionals in the diaspora to take part in six-month sabbaticals in Nigeria, aimed at promoting knowledge transfer and innovation across sectors.

“It will strengthen their role in nation-building and serve as a knowledge-driven giveback to the fatherland,” she added.

Highlights of the event was the unveiling of a new Diaspora Home and Abroad Housing Platform, aimed at providing secure housing opportunities for diaspora Nigerians seeking to invest back home.

Tinubu Assures Nigerians in Diaspora of Favourable Policies Towards Them

Continue Reading

Trending

Verified by MonsterInsights