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
NDLEA Arrests 77,792 Suspects, Secures 14,225 Convictions in Five Years
NDLEA Arrests 77,792 Suspects, Secures 14,225 Convictions in Five Years
By: Michael Mike
The National Drug Law Enforcement Agency (NDLEA) on Tuesday said it has arrested 77,792 suspected drug offenders and secured 14,225 convictions over the past five years, as part of its intensified campaign against illicit drug trafficking in Nigeria.
The Chairman and Chief Executive Officer of the agency, Brig. Gen. Buba Marwa (Rtd), disclosed this in Abuja during the 11th Chairman/Chief Executive Officer (CCEO) Awards and Commendation Ceremony held at the NDLEA national headquarters.

Marwa also revealed that the agency seized more than 14.8 million kilogrammes of illicit substances within the said period, describing the achievement as a major blow to both local and international drug cartels operating in the country.
According to him, 128 major drug barons were among those arrested, noting that their capture had significantly weakened criminal trafficking networks.
He stated that beyond enforcement, the NDLEA had also prioritised rehabilitation and prevention, with over 32,000 drug users receiving professional treatment and counselling. Additionally, the agency conducted more than 13,700 sensitisation programmes under its War Against Drug Abuse (WADA) campaign across schools, markets, workplaces, religious centres, and communities nationwide.
Marwa praised President Bola Tinubu for renewing his mandate, describing it as a strong endorsement of the agency’s work.
He pledged to escalate the fight against drug trafficking during his second tenure, with more intelligence-driven and tactical operations
He said: “We will not rest until every drug baron is behind bars and every illicit substance is removed from our streets.”
At the ceremony, 166 NDLEA officers and 17 state commands were honoured for exceptional performance, bravery, and commitment to duty.

Marwa commended the judiciary, security agencies, international partners, civil society groups, and the media for their support in the fight against drug abuse and trafficking in Nigeria.
The NDLEA boss urged officers to remain diligent, disciplined, and proactive, stressing that the agency would continue to strengthen its operations to protect Nigerian youths from the dangers of illicit drugs.
NDLEA Arrests 77,792 Suspects, Secures 14,225 Convictions in Five Years
News
NSCDC FCT Decorates 402 Officers, Pledges Stronger Security in Abuja
NSCDC FCT Decorates 402 Officers, Pledges Stronger Security in Abuja
By: Michael Mike
The Federal Capital Territory (FCT) Command of the Nigeria Security and Civil Defence Corps (NSCDC) has decorated 402 newly promoted officers in a colourful ceremony held at the Command Headquarters in Abuja.
The event, which brought together senior officers, personnel, and invited guests, was described as a milestone in the careers of the promoted officers and a testament to their dedication to national service.
Speaking at the ceremony, the FCT Commandant, Dr. Olusola Odumosu, congratulated the beneficiaries on behalf of the Commandant General of NSCDC, Prof. Ahmed Audi. He stressed that promotion is not a reward for longevity but a recognition of hard work, professionalism, and commitment to duty.
Odumosu reminded the officers that their new ranks come with greater responsibility, urging them to demonstrate higher levels of discipline, integrity, and leadership in the discharge of their duties.
He highlighted the achievements recorded by the FCT Command, noting that since he assumed office, the Command has intensified intelligence-driven operations, proactive patrols, and rapid response to security threats within the nation’s capital.
The Commandant also underscored the Corps’ role in protecting critical national infrastructure, including government facilities, public utilities, and strategic installations across the FCT.
He commended the Agro-Rangers Unit for its efforts in reducing farmer-herder conflicts and promoting peaceful coexistence in rural communities, thereby contributing to food security in the territory.
Odumosu revealed that in 2025, the Command arrested 112 suspected vandals and over 50 illegal miners involved in acts of economic sabotage. According to him, many of the suspects were involved in vandalizing armoured cables, fibre optic installations, streetlights, solar panels, road crash barriers, and telecommunication infrastructure.
He further disclosed that the Command has invested in training and capacity building for its officers in areas such as intelligence gathering, disaster management, crowd control, election security, and human rights compliance.
Addressing the newly promoted officers, the Commandant urged them to serve as role models, uphold ethical standards, and remain loyal to the Constitution of the Federal Republic of Nigeria.
He assured the FCT Minister, the NSCDC leadership, and residents of Abuja that the Command would continue to prioritize professionalism, accountability, and effective security service delivery.
NSCDC FCT Decorates 402 Officers, Pledges Stronger Security in Abuja
News
River guard killed in Yobe, police begin investigation
River guard killed in Yobe, police begin investigation
By: Zagazola Makama
A 40-year-old man, Musa Mohammed, has died after being allegedly attacked and thrown into a river by unknown assailants in Bursari Local Government Area of Yobe State.
Residents of Girim Village, Ya’u Gambo and Adamu Muhammad, told Zagazola Makama that the incident occurred at about 8:00 a.m. on Jan. 19, when the victim, who was employed to guard the village river, was confronted by some unidentified persons.
They said the attackers forcefully held Musa Mohammed, tied his hands and legs, and threw him into the river.
The sources added that about a month earlier, the deceased had a misunderstanding with five men from Dadigar Village in Bursari LGA, who allegedly warned him to stop guarding the river or face consequences.
Upon receiving the report, security operatives visited the scene and evacuated the victim from the river in an unconscious state.
“He was rushed to the Specialist Hospital in Gashua, where a medical doctor later confirmed him dead,” the sources said.
Photographs of the deceased were taken, and his remains were released to his relatives for burial according to Islamic rites.
Musa Mohammed was from Burburwa Village via Mayori in Yusufari Local Government Area of the state.
Investigation into the incident has commenced to identify and apprehend those responsible for the killing.
River guard killed in Yobe, police begin investigation
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