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VP Shettima Says Nigeria Must Transform Debt Into Economic Asset

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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

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Zulum establishes quarry centre, procures 70 trucks for infrastructure development

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Zulum establishes quarry centre, procures 70 trucks for infrastructure development

By: Our Reporter

Borno State Governor, Professor Babagana Umara Zulum, has announced the establishment of a quarry centre in Pulka, Gwoza Local Government Area, to accelerate infrastructure development in the state.

Zulum made this announcement on Monday while flagging off the distribution of 70 brand-new Howo pickup trucks to the Ministry of Works and the State Road Maintenance Agency (BORMA) at the Government House.

The 70 Howo trucks are designed to boost the operational capacity of the Ministry of Works and its supervising agencies. The trucks will enable the swift delivery of materials to sites and faster intervention on distressed roads.

According to the governor, the quarry centre will provide locally sourced materials including granite, gravel and sharp sand to support ongoing and future road projects, reducing dependence on external suppliers and cutting costs.

“We have achieved a lot in health, education, agriculture, security, and road construction among others. However, we still have challenges of constructing roads within the state, especially in rural communities,” Zulum said.

“My administration has established a quarry plant in Pulka with a processing capacity of 120 tons per hour. The State Government spent at least 3 billion to establish the quarry plant”, he added.

According to the governor, due to the prevailing insecurity, most contractors are not willing to work in Borno.

“You know, no serious contractor will take the risk of deploying his equipment to most of the implementing areas, so this is the reason we are here”, the governor reinstated.

“So, we have no option but to strengthen the capacity of the Ministry of Works, the capacity of Borno State Road Maintenance Agency (BORMA), the capacity of special projects, monitoring departments and other MDAs that are responsible for road construction.”

The brief ceremony was attended by the Secretary to Borno State Government, Bukar Tijani, Acting Chief of Staff, Dr Babagana Mustapha Mallumbe, Permanent Secretary Ministry of Works, Engr Baware, BORMA Chairman, Engr Sadu Auno, the Special Adviser on Monitoring and Evaluation, Engr Bukar Gujubawu and other senior officials.

Zulum establishes quarry centre, procures 70 trucks for infrastructure development

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Tinubu’s aide launches healthcare centre in Adamawa community

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Tinubu’s aide launches healthcare centre in Adamawa community

The Shashau community in Hong Local Government Area of Adamawa State has received a healthcare centre built by Mrs Delu Yakubu, Senior Special Adviser to President Bola Tinubu on Humanitarian Affairs and Poverty Reduction.

Speaking at the inauguration, Yakubu said the facility fulfilled a long-held personal dream of improving healthcare access in her hometown.

She recalled growing up in the community without a clinic, saying the centre would help address long-standing healthcare challenges, particularly maternal care.

She said the facility formed part of a national mobile clinic initiative under her office, aligned with President Tinubu’s humanitarian mandate.

Dr Suleiman Bashir, Chairman of the Adamawa Primary Healthcare Development Agency, commended the initiative and pledged to provide medical personnel and supplies for effective service delivery.

He urged residents to protect the facility for sustainable use.

Mr James Barka, member representing Gombi/Hong Federal Constituency, lauded the project and promised to integrate it into his constituency health programmes within three months.

The Speaker of the Adamawa State House of Assembly, Bathiya Wisely, described the facility as a commitment to improving grassroots healthcare and reducing maternal mortality.

He also pledged to provide a borehole for potable water at the centre.

The Paramount Ruler of Hong, Tol Alheri Nyako, urged residents to utilise and safeguard the facility, donating N500,000 in support of its operation.

The inauguration event also featured a free medical outreach and distribution of food and non-food items to underserved communities.

Tinubu’s aide launches healthcare centre in Adamawa community

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War on Terror: NHRC Insists Protection of Civilians Must Be Top Priority

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War on Terror: NHRC Insists Protection of Civilians Must Be Top Priority

By: Michael Mike

The National Human Rights Commission has issued a strongly worded response to the recent surge in terrorist violence across Nigeria, warning that the country risks deepening insecurity if the protection of civilians is not made the central pillar of national security strategy.

In a statement released by its Executive Secretary, Tony Ojukwu, the Commission conveyed condolences to the Nigerian Armed Forces and to governments and citizens of states hardest hit by the attacks, including Borno State, Niger State, Benue State, Kaduna State, Kwara State, Sokoto State, and Plateau State.

The Commission said it is “deeply concerned” about the increasing frequency, coordination, and geographic spread of attacks, noting that both military formations and civilian targets—including markets, places of worship, and public institutions—have come under sustained assault. Particular concern was raised over coordinated attacks on military bases in the North-East, especially in Borno, and suicide bombings in civilian areas such as Maiduguri.

Ojukwu described the pattern of violence as a “grave and systematic assault” on fundamental rights, including the right to life, dignity, and personal security, as enshrined in Nigeria’s Constitution and international obligations like the African Charter on Human and Peoples’ Rights. He stressed that deliberate attacks on civilians and security personnel by non-state armed groups constitute serious violations of international humanitarian law.

Beyond condemnation, the NHRC raised alarm over what it described as an evolving and more dangerous phase of insecurity—marked by coordinated military assaults, mass village raids, suicide bombings, and a widening spread from the North-East into the North-West and North-Central regions.

While acknowledging the sacrifices of the military, the Commission argued that Nigeria must confront a critical gap in its security architecture. “The protection of civilians cannot remain incidental to security operations—it must be their central objective,” Ojukwu said.

To address this, the Commission called for the urgent development and implementation of a comprehensive national policy focused on civilian protection. It said such a framework must place human rights at the core of all security responses, prioritise the prevention of harm in vulnerable communities, enforce accountability for violations by both state and non-state actors, and provide effective support systems for victims and survivors.

The proposed policy, according to the NHRC, should also ensure strict adherence by security forces to the principles of distinction, proportionality, and precaution in military operations, while strengthening early warning systems and community engagement in high-risk areas.

Ojukwu emphasized that civilians must not be treated as “collateral damage” but as rights-holders whose protection and dignity are non-negotiable. He added that a human rights-based approach to national security is not a sign of weakness but a legal and strategic necessity.

“Global evidence shows that sustainable peace can only be achieved where the state consistently protects the rights of its people,” he noted.

The Commission reaffirmed its solidarity with affected communities and security forces, pledging continued collaboration with the Federal Government, state authorities, and civil society to ensure that Nigeria’s counterterrorism efforts reinforce, rather than erode, democratic and human rights principles.

War on Terror: NHRC Insists Protection of Civilians Must Be Top Priority

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