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VP SHETTIMA AT NES ANNUAL CONFERENCE: President Tinubu’s Bold Reforms, Proof Of Political Will In Economic Policy

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VP SHETTIMA AT NES ANNUAL CONFERENCE: President Tinubu’s Bold Reforms, Proof Of Political Will In Economic Policy

*Says, Africa can turn supply chain disruptions, trade protectionism, into opportunities for economic transformation

By: Our Reporter

The Vice President, Senator Kashim Shettima, has said the courageous and unavoidable reforms being undertaken by the administration of President Bola Ahmed Tinubu, which are currently fixing Nigeria’s structural weaknesses, are a proof of the power of political will in economic policy.

Accordingly, he called on African nations to embrace the knowledge economy, saying it is a bridge to transform the continent’s economic growth and development through productivity beyond outdated explanations.

The Vice President who stated this on Tuesday in Abuja during the opening session of the 66th Annual Conference of the Nigerian Economic Society (NES) noted that while Nigeria is not immune to the economic morass Africa had long been enmeshed in, the nation’s comforting prospect is that it currently has a President with a listening ear.

“Nigeria is, of course, not exempt from Africa’s economic tragedies. But our silver lining is the listening ear of His Excellency, President Bola Ahmed Tinubu. Under his leadership, this administration has embarked on bold and inevitable reforms to address structural weaknesses that others before us only paid lip service to.

“These reforms testify to the power of political will in economic policy. Their painful but necessary consequences remind us that a malignant disease can only be cured by painful surgery. The wounds are temporary, but the recovery is permanent,” he stated.

VP Shettima stressed the need for African nations to get rid of the old-fashioned approach to their economy and embrace structural transformation if they must revive human capital challenges and reverse unemployment on the continent.

He said, “We live in a world where a random citizen in Daura can outsource his services to a corporation in Dallas without seeing the inside of a plane or leaving his bedroom. But to catch up with this changing world, Africa must embrace structural transformation that reinvents its human capital and reverses unemployment.

“Poverty must be confronted head-on for the promise of this continent to be realised in the lives of our people. There is no justification for the low per capita income that afflicts our nations amidst the resources at our disposal.”

Senator Shettima observed that though “geopolitical conflicts, trade protectionism, supply chain disruptions, the energy transition, and the disruptive rise of artificial intelligence” may all seem like a threat to the continent’s economy, they are opportunities in disguise.

“They all paint a gloomy outlook. But each threat is also an opportunity in disguise. This is why a society such as yours exists: to light the path of a continent even in the darkest night,” he explained, just as he pointed out it is the mandate that the Annual Conference of the Nigerian Economic Society has been given “to find new pathways to solutions,” while the nation awaits the recommendations.

The Vice President noted while the Tinubu administration did not claim the ongoing reforms would be easy, it has always acknowledged the inflationary impact of the reforms as well as the “spillovers from global crises into our economy,” which explains why President Tinubu “has remained committed to investment-friendly measures and social protection programmes to cushion the vulnerable.

“Policies in transportation, healthcare, and education have been deliberately targeted at reducing inequality because these are the sectors that affect the weakest among us,” he added.

The VP commended the President of the Nigerian Economic Society, Prof. Adeola Adenikinju and his team for challenging the nation “to reflect on what decades of policy failures and vulnerabilities to global risks have created for Africa.

“I urge all participants to take their role in this conference not as a scholarly exercise but as a continental and national assignment—one expected to salvage Africa’s economies from their fragile status,” he further stated.

Earlier, the Minister of Budget and Economic Planning, Abubakar Bagudu, applauded VP Shettima’s significant contributions in the realization of the economic reforms of administration of President Bola Ahmed Tinubu.

Bagudu assured the NES that it will be fully integrated in all of the ministry’s programmes, especially the preparation and implementation of the development plan and the recently approved Renewed Hope Ward Development Programme.

Also, the Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, presented potentials in Nigeria’s livestock sector, estimated at several billions of dollars, offering opportunities for economic diversification.

The Minister expressed readiness to partner with the NES to brainstorm on the “brilliant ideas” needed to implement President Bola Tinubu’s Renewed Hope Agenda for the livestock sector, which he described as “the next crude oil.”

For his part, the President of the NES, Prof. Adeola Adenikinju reiterated the society’s commitment to collaborating with the Tinubu administration to actualise the goal of genuine economic transformation and national development.

He said the NES under his leadership has undertaken reforms aimed at repositioning the body to act as “a bridge between research and policy, a centre for mentoring the next generation of economists, and a trusted partner in Nigeria’s pursuit of sustainable development and Africa’s transformation.”

Highlighting the milestones of his administration, Prof. Adenikinju said under his watch, the NES “established chapters in the across 36 states, FCT and the Diaspora, to ensure national reach and grassroots engagement; Created the NES Women’s Wing and Students’ Wing, to broaden inclusivity and representation,” among others.

He added that the reforms have transformed the society into a modern, inclusive, and globally connected professional body while preserving its core identity as Nigeria’s foremost economic think-tank.

On his part, the Director of the African Development Institute, Dr. Eric Kehinde Ogunleye said the African Development Bank remains committed to the development of Africa and Nigeria, even as he stated that “Nigeria occupies a strategic position in moving the African continent forward.”

Ogunleye commended the Tinubu administration for its bold reforms aimed at achieving structural and economic transformation as well as inclusive growth.

Charging the audience regarding investing in people, he advised: “Let us rethink how we invest in people because these are the people who represent the greatest assets of the continent.”

Other dignitaries who graced the event include the Special Adviser to the President on Economic Affairs, Tope Fasua; Chairman of the Ministry of the Board of Ministry of Finance Incorporated (MOFI), Dr Shamsudeen Usman, Nigeria’s first Professor of Capital Market Studies, Uche Uwaleke; representatives of the Speaker of the House of Representatives, Tajudeen Abass, and the Governor of the Central Bank of Nigeria, Yemi Cardoso.

VP SHETTIMA AT NES ANNUAL CONFERENCE: President Tinubu’s Bold Reforms, Proof Of Political Will In Economic Policy

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Nigerian Children in Crisis ‘Fiscally Invisible’ as New Report Exposes Funding Failure

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Nigerian Children in Crisis ‘Fiscally Invisible’ as New Report Exposes Funding Failure

…Study warns millions of children caught in conflict, displacement and hunger are being overlooked in government budgets; journalists launch accountability network to push for reforms

By: Michael Mike

Nigeria’s youngest and most vulnerable children are being failed by a financing system that does not even recognise them in public budgets, a new report has warned, raising fresh concerns over the country’s worsening humanitarian and human capital crisis.

The report, Financing Early Childhood Development in Crisis (ECDiC) in Nigeria: From Fiscal Invisibility to Child-Level Results, released in Abuja on Wednesday by the Moving Minds Alliance (MMA) in partnership with Whole Child Advisors, paints a grim picture of how children aged between zero and eight years living in conflict, displacement, climate emergencies and poverty are largely excluded from government financing despite overwhelming evidence that the early years determine a child’s lifelong prospects.

According to the report, Nigeria’s Human Capital Index stands at just 0.36, meaning a child born today is expected to achieve only 36 per cent of his or her productive potential because of poor health, inadequate nutrition and weak learning outcomes.

The findings come at a time when Nigeria continues to grapple with one of Africa’s largest humanitarian emergencies. Insurgency in the North-East, widespread banditry and communal violence across the North-West and North-Central, alongside climate-induced disasters and economic hardship, have displaced millions of people and disrupted access to healthcare, nutrition and education for children.

The report estimates that 4.9 million children require life-saving humanitarian assistance, while 3.6 million people were forcibly displaced in 2025. It also notes that about 31 million Nigerian children are under the age of five, with between 33.8 and 40 per cent suffering from stunting, an indication of chronic malnutrition that permanently affects brain development and future productivity.

It further revealed that severe acute malnutrition cases surged to about 1.8 million children in 2025, representing a 69 per cent increase over previous estimates, while Nigeria’s under-five mortality remains among the highest globally at 105 deaths per 1,000 live births.

Despite these alarming indicators, the report found that Early Childhood Development in Crisis (ECDiC) has no dedicated budget line in either federal or state budgets, effectively rendering vulnerable children “fiscally invisible.”

The analysis identified five major weaknesses responsible for the financing gap: the absence of dedicated budget lines, poor implementation of approved budgets, fragmented funding channels, recurrent expenditure that crowds out essential child services, and an uneven distribution of humanitarian resources heavily concentrated in Borno, Adamawa and Yobe, leaving crisis-hit communities in the North-West and North-Central with inadequate support.

The report noted that less than five per cent of education spending benefits early childhood or emergency learning programmes.

It concluded that the existing financing framework prioritises institutions rather than children’s actual needs.

“The system is built to fund structures, not children,” the report stated, warning that Nigeria cannot realise its human capital ambitions without creating a financing architecture capable of delivering predictable resources directly to frontline services supporting young children in emergencies.

To reverse the trend, the report recommended seven urgent reforms, including establishing a federal policy framework for Early Childhood Development in Crisis, introducing dedicated budget tags across federal and state budgets, protecting releases of funds, simplifying financing channels, expanding results-based financing tied to measurable child outcomes, redistributing resources according to vulnerability rather than geography, and creating a blended investment mechanism involving government, humanitarian agencies and philanthropic organisations.

Speaking at the launch, the Nigeria Early Childhood Development in Crisis Coalition Coordinator, Arome Agenyi, stressed that the future of millions of Nigerian children depends on decisions taken today.

He said: “Behind every successful adult is an early childhood story. The question is not whether children are developing; they are. The question is whether they are developing to their full potential. In this regard, the stories journalists choose to tell today can shape the policies, investments, and public actions that determine the future of millions of Nigerian children, especially those in crisis contexts across Nigeria.”

As part of efforts to sustain public attention on the issue, the Moving Minds Alliance also inaugurated the Nigerian chapter of the Reporters for Early Childhood in Humanitarian Crisis (REACH) Network, bringing together journalists committed to evidence-based reporting on children affected by humanitarian emergencies.

Global Co-Chair of the REACH Network, Mojeed Alabi, said children who are invisible in government budgets often become invisible in politics and public discourse.

“When children living through conflict, displacement, climate shocks and economic hardship become fiscally invisible, they also risk becoming politically invisible,” Alabi said.

“The launch of the REACH Network in Nigeria is a commitment by journalists to change that narrative. Through sustained, evidence-based reporting, we will amplify the voices of the youngest and most vulnerable children, hold leaders accountable for their commitments, and ensure that early childhood development remains at the heart of public policy and national development.”

Also speaking, Interim Director and Co-Chair of the Moving Minds Alliance, Dr. Katie Murphy, described the report as the clearest roadmap yet for reforming child financing in Nigeria.

“This new report gives us something we haven’t had before: a clear picture of where Nigeria’s investment in its youngest children in crisis is falling short, and exactly what it will take to close that gap,” she said.

Murphy added that the planned Act for Early Years Financing Summit in 2027 would seek commitments from governments, donors and development partners to move from fragmented financing to a system that delivers resources directly to children.

The coalition hopes that by 2028, both federal and state governments will have introduced dedicated ECDiC budget tags, released at least 70 per cent of allocated funds annually, and achieved measurable improvements in child development outcomes across local government areas.

For child development advocates, the report is more than a financial audit; it is a warning that unless Nigeria changes how it invests in children during their earliest years, particularly those growing up amid conflict and displacement, the country risks entrenching poverty, inequality and lost human potential for generations.

Nigerian Children in Crisis ‘Fiscally Invisible’ as New Report Exposes Funding Failure

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Establishment of Army Depot in South-East Reflects FG’s Commitment to National Unity, Security and inclusiveness– COAS

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Establishment of Army Depot in South-East Reflects FG’s Commitment to National Unity, Security and inclusiveness– COAS

By Zagazola Makama

The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has said that the establishment of the Depot Nigerian Army in Amasiri-Edda, in Ebonyi State is a clear demonstration of the Federal Government’s commitment to national security, inclusiveness, national integration and balanced development across the country.

Shaibu made the remarks while addressing dignitaries during activities marking the inauguration of the newly established military training institution in Abakaliki, Ebonyi State.

According to the Army Chief, the depot, which is the first primary recruit training institution of the Nigerian Army in the South-East geopolitical zone, represents a strategic investment by President Bola Ahmed Tinubu’s administration in strengthening national security and promoting equitable distribution of critical national institutions.

“The establishment of this depot reflects the Federal Government’s commitment to national security, inclusiveness, national integration and balanced development,” Shaibu said.

He described the inauguration of the facility as a landmark achievement in the ongoing transformation of the Nigerian Army under President Tinubu, noting that it would significantly enhance the Army’s capacity to train professionally competent and combat-ready soldiers.

The COAS disclosed that the first set of recruits trained at the new depot would graduate the following day, describing the event as a historic milestone not only for the institution but also for the evolution of recruit training within the Nigerian Army.

“Their graduation will not only mark the successful completion of basic military training but will also usher in a new chapter in the evolution of recruit training in the Nigerian Army,” he said.

Shaibu explained that since its establishment, the depot had steadily developed into a modern recruit training institution designed to produce disciplined, professional and capable soldiers in line with the Nigerian Army’s transformation agenda and long-term strategic vision.

He said the facility forms part of the Federal Government’s broader efforts to modernise the Armed Forces and expand military capacity to address Nigeria’s dynamic security environment.

The Army Chief expressed profound appreciation to President Tinubu for approving the establishment of the institution and providing the necessary resources for its successful implementation.

He noted that the new depot would not only improve military training capacity but also strengthen the strategic importance of the South-East within Nigeria’s security architecture.

According to him, locating the institution in Ebonyi State underscores the government’s determination to ensure that all parts of the country benefit from national development initiatives while fostering greater national cohesion.

Shaibu also commended Ebonyi State Governor Francis Nwifuru for his unwavering support towards the establishment and successful take-off of the depot.

He said the state government provided accommodation, logistics and other essential support that contributed significantly to the successful training of the pioneer batch of recruits.

“From facilitating the historic groundbreaking ceremony to providing sustained support for this institution, the governor has demonstrated remarkable patriotism and an enduring commitment to national security,” he said.

The COAS further described the Government and people of Ebonyi State, as well as the entire South-East, as indispensable partners in the establishment and growth of the institution.

He also acknowledged the contributions of traditional rulers, political leaders, religious leaders, community leaders and residents of the state for creating a peaceful and conducive environment for the depot to thrive.

Shaibu reaffirmed the Nigerian Army’s commitment to deepening its partnership with host communities and stakeholders, stressing that sustained collaboration between the military and the people remains critical to enhancing national security and maintaining lasting peace.

According to him, the state’s sustained support demonstrates a strong commitment to national security, peace and development.

The Army Chief further commended traditional rulers, community leaders, members of the State Development Committee, political and religious leaders, and other stakeholders for fostering a peaceful environment that enabled the successful establishment of the Depot.

He reaffirmed that the Nigerian Army values its partnership with the state and pledged to continue strengthening collaboration in pursuit of improved security and national development.

The COAS also paid tribute to distinguished retired senior military officers from the region for their contributions to the growth and development of the Nigerian Army.

The establishment of the Depot Nigerian Army in Ebonyi is widely regarded as one of the landmark military infrastructure projects under the Tinubu administration, aimed at expanding recruit training capacity while promoting inclusiveness, national integration and balanced development across Nigeria’s six geopolitical zones.

Establishment of Army Depot in South-East Reflects FG’s Commitment to National Unity, Security and inclusiveness– COAS

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Troops, CJTF Arrest Suspected ISWAP Informant Accused of Identifying Kidnap Targets in Borno

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Troops, CJTF Arrest Suspected ISWAP Informant Accused of Identifying Kidnap Targets in Borno

By Zagazola Makama

Operatives of the Military Intelligence Brigade (MIB) under Sector 3 of Operation HADIN KAI, working in collaboration with the Civilian Joint Task Force (CJTF), have arrested a suspected Islamic State West Africa Province (ISWAP) informant in Monguno Local Government Area of Borno State.

Intelligence sources told Zagazola Makama that the suspect, identified as Isa Janyu, 30, was tracked and apprehended at about 7:20 p.m. on July 4 during a targeted intelligence-led operation at Kasuwan Shanu in Monguno town.

According to the sources, items recovered from the suspect included a Tecno mobile phone, a knife, a comb, a mirror, and ₦10,000 in cash.

Preliminary investigation revealed that the suspect is a native of Arianna Mai Massallachi Village in Kukawa Local Government Area and allegedly specialised in identifying wealthy residents for ISWAP elements to facilitate kidnapping operations for ransom.

The suspect is currently in the custody of the Headquarters Sector 3 Military Intelligence Brigade for further investigation and other necessary actions.

Military sources said the arrest was part of ongoing intelligence-driven operations aimed at dismantling terrorist support networks and disrupting the activities of informants providing critical information to insurgent groups in the North-East.

They added that although the general security situation across the theatre remains relatively calm, it is still unpredictable, with troops maintaining a high level of operational readiness and sustained offensive pressure against terrorist elements.

Troops, CJTF Arrest Suspected ISWAP Informant Accused of Identifying Kidnap Targets in Borno

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