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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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Troops recover suspected stolen motorcycle in Plateau

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Troops recover suspected stolen motorcycle in Plateau

By: Zagazola Makama

Troops of Sector 6, Operation Enduring Peace have recovered a suspected stolen motorcycle following a pursuit of suspected motorcycle snatchers in Riyom Local Government Area of Plateau.

Security sources disclosed that the incident occurred at about 6:30 p.m. on May 21 along the Bachi-Banghai road after troops received reports on the activities of suspected motorcycle snatchers in the area.

The sources said the troops immediately mobilised and pursued the suspects, who abandoned the motorcycle and fled upon sighting the security personnel.

According to the sources, the recovered motorcycle has been secured, while efforts were ongoing to identify the rightful owner and apprehend the fleeing suspects.

The military said the operation formed part of sustained efforts to combat criminal activities and enhance security across Plateau.

Troops recover suspected stolen motorcycle in Plateau

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Troops launch rescue operation after abduction in Plateau

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Troops launch rescue operation after abduction in Plateau

By: Zagazola Makama

Troops of Sector 1, Operation Enduring Peace have launched a rescue operation following the abduction of a resident in Bassa Local Government Area of Plateau.

Security sources disclosed that the incident occurred at about 11:00 p.m. on May 21 when gunmen reportedly abducted Mr Eze Emeka from his residence at Agingi village.

The sources said troops swiftly responded to the distress report and commenced rescue operations in collaboration with other security agencies.

According to the sources, efforts were ongoing to track down the kidnappers and secure the safe release of the victim.

The military assured residents that security forces were intensifying operations to curb criminal activities in the area.

Troops launch rescue operation after abduction in Plateau

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JNIM attack in Tillaberi signals deepening jihadist rivalry and expanding Sahel instability

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JNIM attack in Tillaberi signals deepening jihadist rivalry and expanding Sahel instability

By: Zagazola Makama

The reported deadly attack on a Nigerien Army engineering unit near Garbougna in the Tillaberi Region marks a significant escalation in the evolving security dynamics of western Niger and the wider Sahel.

With an estimated 67 soldiers and civilians reportedly killed and a military camp destroyed, the incident underscores both the intensity and increasing sophistication of militant operations in the region.

Beyond the immediate casualties, the attack is notable for its attribution to Jama’at Nusrat al-Islam wal-Muslimin (JNIM), which swiftly claimed responsibility. Tillaberi have long been considered a stronghold of Islamic State in the Sahel (IS Sahel), suggesting a possible shift in operational influence or encroachment into contested territory.

The incident reflects an emerging pattern of geographic diffusion of jihadist violence across the Tera–Niamey corridor, an axis that has repeatedly come under pressure from armed groups. The corridor connects several vulnerable departments, including Tera, Torodi, Say and Ayorou, all of which have experienced repeated attacks in recent years.

The Garbougna attack also fits into a broader sequence of high-casualty operations across Niger since early 2026, including reported strikes near Niamey airport in January and Makalondi in February. These incidents collectively indicate sustained pressure on Nigerien security forces and an expanding operational reach of armed groups closer to strategic population centres.

Of particular concern is the apparent intensification of competition between IS Sahel and JNIM. While both groups have historically operated in overlapping zones, recent claims of responsibility and counter-claims suggest a more overt struggle for influence, recruitment, and territorial control. The reported clash between the two factions near Petel Kole earlier in the year further supports this assessment.

The implications of this rivalry are significant. Rather than reducing violence through competition, the fragmentation of jihadist groups in the Sahel has in some cases resulted in increased attacks, as factions seek to demonstrate operational strength and legitimacy.

At the same time, the weakening of state presence in rural and border communities is compounding the crisis. Reports of closed schools, non-functional health facilities, and inactive markets point to a gradual erosion of governance structures in affected areas. This vacuum continues to facilitate militant mobility and recruitment.

Another critical dimension is the increasing use of improvised explosive devices (IEDs), which has reportedly hindered post-attack clearance operations in the Garbougna area. Such tactics not only slow military response but also expand the risk zone for civilians and security forces alike.

Strategically, Tillaberi remains the epicentre of Niger’s insecurity challenges, given its proximity to the Mali and Burkina Faso border regions. The corridor’s proximity to Niamey raises additional concerns, particularly regarding potential spillover effects into the capital’s security perimeter.

The Garbougna attack, therefore, illustrates a convergence of three destabilising trends: escalating casualty levels, intensified jihadist competition, and shrinking state control in border regions. Taken together, these dynamics suggest a deteriorating security outlook for western Niger, with implications that extend beyond national boundaries into the wider Sahel security architecture.

JNIM attack in Tillaberi signals deepening jihadist rivalry and expanding Sahel instability

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