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
State Actors Grumble Over Operational Allowances Within the Hadin Kai Theatre.
State Actors Grumble Over Operational Allowances Within the Hadin Kai Theatre.
By: Bodunrin Kayode
There is a quiet grumble within the ranks of the Joint Security team in the Hadin Kai theatre with an allegation that some forward operational bases are paid discriminatory allowances.
Some sources within the non military rankings who spoke with this reporter claim that their military colleagues in some forward operational bases (FOB) are actually paid higher than the rest of them by the pay masters who are supposed to release these funds.
This has actually led to a silent outcry by some of the security personnel within the ranks of the Hadin Kai theatre who have decried what they described as the unnecessary disparity between their operational allowances and that of the military.
“There has been some underground grumbling within the ranks of the uniformed personnel in the Hadin Kai theatre over allowances and I am talking about the para military and the police who are in the team in this very sector one.
” From our investigation, it has never happened before and that makes it strange and we believe it is not known to the theatre commander (TC) who we all know as a just man who wants all of us to be happy.
” And that is why we are passing this injustice through you people because you are equal partners in the battles we are fighting against our common enemy because we believe the wrong will be reversed as soon as he gets to hear.
“At our own FOB for now, I can say the drilling for crude oil has stopped but we are pinning the ground against the criminals. And I must tell you, the main challenges here is water we don’t have enough water and the food served is not that good.
“we have only been allocated two bags of water for one week in this hot weather and the allowance given is 31,000 naira while the military is 45,000 naira sir.
“So why is there a difference in the money while both of us are working in the same assignment. Before the allowance was N45,000 and was equal to that of the Army but now they have reduced non military to N31,000 and they expect us to pay returns of 5,000 inside the same N31,000” Said the angry operative.
Operatives of operation Hadin Kai are made up mostly of the entire military, Federal Police, immigration, customs, Civil defence, custodial service, vigilante and the civilian jtf.
In spite of all these collaboration among services which includes the state security services sometimes, the war has gone on for almost 17 years with no sign of a true, seize fire, table negotiations or a total end of the hostilities between the country and non state actors.
State Actors Grumble Over Operational Allowances Within the Hadin Kai Theatre.
News
Grumble within ranks in joint security team in Borno
Grumble within ranks in joint security team in Borno
By: Bodunrin Kayode
There is a quiet grumble within the ranks of the Joint Security team in the Hadin Kai theatre with an allegation that some forward operational bases are paid discriminatory allowances.
Some sources within the non military rankings who spoke with this reporter claim that their military colleagues in some forward operational bases (FOB) are actually paid higher than the rest of them by the pay masters who are supposed to release these funds.
This has actually led to a silent outcry by some of the security personnel within the ranks of the Hadin Kai theatre who have decried what they described as the unnecessary disparity between their operational allowances and that of the military.
“There has been some underground grumbling within the ranks of the uniformed personnel in the Hadin Kai theatre over allowances and I am talking about the para military and the police who are in the team in this very sector one.
” From our investigation, it has never happened before and that makes it strange and we believe it is not known to the theatre commander (TC) who we all know as a just man who wants all of us to be happy.
” And that is why we are passing this injustice through you people because you are equal partners in the battles we are fighting against our common enemy because we believe the wrong will be reversed as soon as he gets to hear.
“At our own FOB for now, I can say the drilling for crude oil has stopped but we are pinning the ground against the criminals. And I must tell you, the main challenges here is water we don’t have enough water and the food served is not that good.
“we have only been allocated two bags of water for one week in this hot weather and the allowance given is 31,000 naira while the military is 45,000 naira sir.
“So why is there a difference in the money while both of us are working in the same assignment. Before the allowance was N45,000 and was equal to that of the Army but now they have reduced non military to N31,000 and they expect us to pay returns of 5,000 inside the same N31,000” Said the angry operative.
Operatives of operation Hadin Kai are made up mostly of the entire military, Federal Police, immigration, customs, Civil defence, custodial service, vigilante and the civilian jtf.
In spite of all these collaboration among services which includes the state security services sometimes, the war has gone on for almost 17 years with no sign of a true, seize fire, table negotiations or a total end of the hostilities between the country and non state actors.
Grumble within ranks in joint security team in Borno
News
EU Commits €235 Million to Tackle Escalating Humanitarian Crises in West and Central Africa
EU Commits €235 Million to Tackle Escalating Humanitarian Crises in West and Central Africa
By: Michael Mike
The European Commission has unveiled a €235 million humanitarian aid package aimed at addressing the deepening crises across West and Central Africa, where conflict, hunger, displacement, and climate shocks continue to devastate millions of lives.
The funding will target the region’s most vulnerable populations, including those affected by armed conflicts, food insecurity, forced displacement, and communities cut off from essential services. A significant portion—€75 million—has been earmarked for the Central Sahel, widely regarded as the epicentre of the region’s instability.
Other allocations include more than €72 million for Chad, €33 million for Nigeria, €22 million for the Central African Republic, €16.6 million for Cameroon, €4.8 million for Mauritania, and over €6 million for coastal countries. An additional €6.4 million will support region-wide humanitarian initiatives.
Announcing the intervention, Hadja Lahbib, European Commissioner for Equality, Preparedness and Crisis Management, described the situation as a convergence of multiple emergencies.
“West and Central Africa is facing a storm of humanitarian crises, driven by conflict, poverty, hunger, instability, and climate shocks,” she said, recalling firsthand encounters with displaced families during a visit to Chad.
According to Lahbib, the aid will provide critical relief, including food, clean water, healthcare, shelter, and access to education for children whose lives have been disrupted by violence and displacement.
The region’s humanitarian situation remains dire, with conflicts in the Central Sahel and the Lake Chad Basin continuing to spill across borders, intensifying instability in coastal nations and triggering widespread displacement. The ongoing crisis in Sudan has further strained resources in eastern Chad, while separate emergencies persist in north-western Nigeria, parts of Cameroon, and the Central African Republic.
The European Union reiterated its commitment to acting as a reliable humanitarian partner, emphasizing that the intervention is designed not only to save lives but also to restore dignity and hope for affected communities.
EU Commits €235 Million to Tackle Escalating Humanitarian Crises in West and Central Africa
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