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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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Women’s Inclusion Key to Lasting Peace, Inclusive Governance — WANEP, GNWP

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Women’s Inclusion Key to Lasting Peace, Inclusive Governance — WANEP, GNWP

By: Michael Mike

Stakeholders in Nigeria’s peace and governance sector have renewed calls for the full inclusion of women in political and peacebuilding processes, describing it as indispensable to achieving sustainable peace and national stability.

The call was made by the West Africa Network for Peacebuilding (WANEP) Nigeria and the Global Network of Women Peacebuilders (GNWP) at a two-day town hall meeting held in Abuja under the Women, Peace and Security (WPS) and Youth, Peace and Security (YPS) frameworks.

The meeting, themed “Strengthening Local Leadership in WPS and YPS in Nigeria,” was organised by WANEP Nigeria with support from Global Affairs Canada.

Speaking at the event, Chairman of WANEP Nigeria Board, Kolawole Olatosimi, said the initiative is aimed at generating practical and community-driven solutions to deepen women’s leadership in governance and peacebuilding.

He noted that at a time when several communities are grappling with insecurity, there is a need for collective reflection and solidarity, while extending condolences to victims of recent attacks. According to him, evidence from peacebuilding efforts globally shows that durable peace is more achievable when women are actively involved in decision-making and conflict resolution.

Also speaking, National Network Coordinator of WANEP Nigeria, Bridget Osakwe, said the organisation continues to drive programmes across West Africa that promote nonviolence, democratic governance, and inclusive participation.

She explained that the WPS agenda is not limited to conflict zones but also addresses structural inequalities in everyday governance, which often worsen during crises. Osakwe emphasised that increasing women’s representation in politics remains critical to addressing election-related violence and entrenched barriers that limit their participation.

Highlighting strategies to overcome these challenges, she pointed to mentorship, dialogue, and peer learning among women leaders as essential tools for navigating political systems and strengthening collective influence. She also challenged prevailing stereotypes that frame women as lacking support systems, noting that political competition cuts across gender lines.

Representing GNWP, Ruth Abunaw Bison, drew attention to the realities faced by women leaders, particularly in conflict-affected communities, where insecurity, harassment, and institutional constraints continue to undermine their contributions.

She stressed that investing in women’s political leadership should be seen as a strategic pathway to peace and development, not merely a gender issue. According to her, the forum is designed to amplify women’s voices, strengthen advocacy efforts, and produce actionable recommendations that will advance both the WPS and YPS agendas in Nigeria.

Participants at the town hall expressed optimism that sustained collaboration among government institutions, civil society organisations, and international partners would help dismantle systemic barriers and create a more inclusive governance framework.

They agreed that empowering women at the grassroots level and integrating their perspectives into policy and decision-making processes would not only reduce conflict but also strengthen democratic institutions and promote long-term national cohesion.

Women’s Inclusion Key to Lasting Peace, Inclusive Governance — WANEP, GNWP

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Troops arrest three ISWAP terrorist logistics suppliers in Kwara

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Troops arrest three ISWAP terrorist logistics suppliers in Kwara

By: Zagazola Makama

Troops under Operation Savannah Shield have arrested three suspected terrorist logistics suppliers in Kaiama Local Government Area of Kwara State.

Security sources said the arrests were made at about 7:35 a.m. on March 15 by troops stationed at a Forward Operating Base in Kaiama.

According to the sources, troops initially apprehended a suspect who was allegedly planning to supply three motorcycles to a terrorist group.

Further investigation led to the arrest of two other suspected terrorists believed to be members of Islamic State West Africa Province/Boko Haram, who had reportedly arrived in Kaiama to receive the motorcycles.

The suspects were said to be planning to transport the motorcycles to terrorists operating in Nuku village.

The suspects are currently in custody while investigations continue.

Troops arrest three ISWAP terrorist logistics suppliers in Kwara

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Maiduguri blasts: Police confirm 23 dead, 108 injured as security heightened

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Maiduguri blasts: Police confirm 23 dead, 108 injured as security heightened

By: Zagazola Makama

The Nigeria Police Force in Borno State has confirmed that 23 persons were killed and 108 others injured following multiple explosions that rocked Maiduguri on Monday evening, in what authorities described as coordinated suicide attacks.

The incidents, which occurred at about 7:24 p.m., targeted crowded and strategic locations within the metropolis, including the Maiduguri Monday Market, the gate of the University of Maiduguri Teaching Hospital, and the Post Office Flyover, Maiduguri.

In a statement issued by the Police Public Relations Officer, ASP Nahum Kenneth Daso, preliminary investigations revealed that the explosions were carried out by suspected suicide bombers using improvised explosive devices (IEDs).

The coordinated nature of the attacks, which struck nearly simultaneously across different parts of the city, has raised fresh concerns about evolving tactics by insurgent groups seeking to undermine ongoing counter-terrorism efforts in the North-East.

Zagazola noted that the choice of targets particularly a major market, a hospital vicinity, and a busy flyover suggests an intent to maximise casualties, spread fear, and disrupt socio-economic activities in the state capital.

In response, a combined team of Police Tactical Units, military personnel and other joint security operatives were immediately deployed to the affected areas.

The scenes were swiftly secured and cordoned off, while the Explosive Ordnance Disposal (EOD) Unit conducted detailed sweep operations to rule out the presence of additional explosive devices.

The Commissioner of Police, CP Naziru Abdulmajid, led a high-level assessment visit to the affected locations, where he commiserated with victims and their families.

He assured residents of the command’s unwavering commitment to safeguarding lives and property, noting that enhanced security measures had been activated across the state.

Emergency responders, including the National Emergency Management Agency and the Borno State Emergency Management Agency, worked in coordination with medical teams to evacuate victims to hospitals, where they are currently receiving treatment.

Despite the scale of the attacks, authorities made the efforts to restore normalcy in the affected areas, with security presence significantly increased across Maiduguri and its environs.

Residents have been urged to remain calm but vigilant, particularly in public places, and to promptly report any suspicious movements or objects to security agencies.

The command also commended the resilience and cooperation of residents, reiterating its commitment to maintaining peace and stability in the state.

Maiduguri blasts: Police confirm 23 dead, 108 injured as security heightened

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