News
VP Shettima Says Nigeria Must Transform Debt Into Economic Asset

VP Shettima Says Nigeria Must Transform Debt Into Economic Asset
By: Our Reporter
Vice President Kashim Shettima has inaugurated the Supervisory Board of the Debt Management Office (DMO) as part of efforts by the Federal Government to strengthen fiscal and monetary policy coordination and ensure long-term debt sustainability in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Speaking during the Meeting of the Board on Wednesday at the Presidential Villa, the Vice President who is also Chairman of the Board charged the members to come up with a more strategic approach to public debt management.

He noted that Nigeria must continue to use public debt as a vehicle for the development of critical infrastructure and tool for economic growth and poverty reduction.
“With prudent management, debt can be transformed into an asset for economic growth and poverty reduction. Our goal must be to formulate policies, regulations, and guidelines for the DMO, with a view to achieving long-term debt sustainability for our country,” the VP stated.

VP Shettima explained that this approach aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration, which prioritizes fiscal discipline, economic stability, and sustainable development.
He stressed that borrowing, when applied prudently, could serve as a catalyst for economic growth rather than a financial liability.
“As you all know, public debt, if prudently applied, becomes an asset for economic growth and poverty reduction. However, recent realities in our economy call for stronger coordination between our fiscal and monetary policies,” he said.
The Vice President commended President Bola Ahmed Tinubu for his economic reforms, acknowledging the President’s dogged efforts towards reforming the Nigerian economy.
He also praised the Minister of Finance and Coordinating Minister of the Economy and the DMO leadership for their untiring efforts in the day-to-day management of the nation’s sovereign debt portfolio.
“I want to commend the dedication of our leader, President Bola Ahmed Tinubu, GCFR, in his dogged efforts towards reforming our economy. I applaud the Honourable Minister of Finance and the Coordinating Minister of the Economy, and the DMO Management, for their untiring efforts in the day-to-day management of our sovereign debt portfolio,” he said.
The Vice President also noted Nigeria’s recent success in the global financial market on the issuance of a $2.2 billion double-tranche Eurobond, which he described as a testament to investor confidence in the country.
“I also use this opportunity to congratulate them and other members of the Nigerian delegation for a successful outing in the recent $2.2 billion double-tranche Eurobond issuance. The over-subscription rate of the bonds showed an impressive appetite for our country’s sovereign instruments in the global capital market.
Other members of the Board are Minister of Finance and Coordinating Minister for the Economy, Wale Edun (Vice Chairman); Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (member); Special Adviser to the President on Economic Matters, Dr. Tope Fasua (member); Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso (member); Accountant-General of the Federation (OAGF), Dr. Oluwatoyin Sakirat Madein (member), and Director-General of the Debt Management Office, Patience Oniha (Secretary).
VP Shettima Says Nigeria Must Transform Debt Into Economic Asset
News
Kidnap victim rescued with machete wounds in Suleja

Kidnap victim rescued with machete wounds in Suleja
By: Zagazola Makama
A 45-year-old man, identified as Samuel John, has been rescued by a joint team of police and vigilantes after being abducted and severely injured by suspected kidnappers in the Polosa area of Suleja, Niger State.
Security sources told Zagazola Makama that the incident occurred in the early hours of Friday, June 27, when hoodlums reportedly stormed the community and whisked the victim away from his residence.
According to the sources, a vigilante member, raised the alarm, prompting an immediate response from security operatives attached to the ‘B’ Division Suleja and members of the local vigilante group.
The combined team pursued the kidnappers into the surrounding bush. On sighting the advancing security team, the assailants attacked the victim with machetes, inflicting deep cuts on his head and both hands before abandoning him and fleeing the scene.
The victim was quickly rescued and rushed to the General Hospital Suleja, where he is currently receiving medical attention.
Kidnap victim rescued with machete wounds in Suleja
News
Abducted Sharia Court judge escapes from kidnappers in Zamfara

Abducted Sharia Court judge escapes from kidnappers in Zamfara
By: Zagazola Makama
Alkali Usman, a Sharia Court judge attached to the Higher Sharia Court in Birnin Tudu, Gummi Local Government Area of Zamfara State, has escaped from captivity after being abducted by unknown gunmen.
Zagazola Makama learnt from reliable sources that Usman, who was reported kidnapped on June 26, returned home safely on Friday morning, June 27, at about 10:00 a.m., according to local sources.
Upon his return, the judge was immediately taken to a nearby hospital, where he received medical attention and was subsequently discharged.
He was later debriefed by security operatives and reunited with his family.
Authorities have not disclosed the circumstances surrounding his escape.
Abducted Sharia Court judge escapes from kidnappers in Zamfara
News
Soldier handed over to police for allegedly stabbing ex-colleague to death in Borno

Soldier handed over to police for allegedly stabbing ex-colleague to death in Borno
By: Zagazola Makama
A serving soldier has been handed over to the police in Maiduguri for allegedly stabbing a dismissed military personnel to death during an argument in the Kasuwan Fara area of the Borno State capital.
Zagazola Makama report that the suspect, identified a Lance Corporal of the 7 Division, was brought to the police by a senior officer on June 27.
Sources said that the incident occurred at about 2:00 a.m. on June 26, when Suleiman allegedly stabbed the victim, Musa Adamu, a dismissed soldier, in the chest with a jackknife following a heated disagreement.
The victim was rushed to the Borno State Specialist Hospital, Maiduguri, where he was confirmed dead by a medical doctor. His remains have since been deposited at the hospital morgue for autopsy.
The police have transferred the case and the suspect to the State Criminal Investigation Department (SCID) for thorough investigation and possible prosecution.
Soldier handed over to police for allegedly stabbing ex-colleague to death in Borno
-
News1 year ago
Roger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions3 years ago
THE PLIGHT OF FARIDA
-
Opinions4 years ago
POLICE CHARGE ROOMS, A MINTING PRESS
-
News1 year ago
EYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Columns1 year ago
Army University Biu: There is certain interest, but certainly not from Borno.
-
ACADEMICS1 year ago
A History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Opinions1 year ago
Tinubu,Shettima: The epidemic of economic, insecurity in Nigeria
-
Politics2 weeks ago
2027: Why Hon. Midala Balami Must Go, as Youths in Hawul and Asikira/Uba Federal Constituency Reject ₦500,000 as Sallah Gift