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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
Rival bandit leaders clash as key peace enforcer is killed in Jibia axis, Katsina
Rival bandit leaders clash as key peace enforcer is killed in Jibia axis, Katsina
By: Zagazola Makama
A prominent bandit leader and key enforcer of a fragile peace arrangement in Jibia, Katsina State, Abdullahi Lantai, also known as “Lantai Officer”, has been killed in a deadly ambush linked to a rival gang.
Security sources told Zagazola Makama on Wednesday that Lantai was executed on Jan. 27 at about 1:00 p.m. by gunmen believed to be loyal to the Bello Turji-led network operating across Sokoto and Zamfara states.
According to the sources, Lantai was lured to what was described as a dialogue and reconciliation meeting following a rivalry clash between his group and the Turji faction on Jan. 24.

“The meeting was reportedly arranged by Turji and Aliyu Aliero to resolve the conflict. However, Lantai and some of his foot soldiers were ambushed and killed on their way to the venue by members of the Turji network led by Dogo Rabe and Black,” a source said.
Preliminary findings indicate that before his assassination, Lantai played a critical role in sustaining a temporary peace deal with bandit leaders in Jibia in collaboration with the Katsina State Government.
“He was a territorial gatekeeper who denied Turji’s gang freedom of action and passage through Jibia forest routes.
“He also blocked transit routes used to move rustled cattle from Zamfara to Maradi in the Republic of Niger, effectively constraining Turji’s operations within the axis,” the source added.
Zagazola warn that the killing could trigger a major escalation in violence across the Jibia axis and its environs.
“This is a calculated power grab. The Turji network appears determined to eliminate a stabilising force and expand its influence, smuggling routes and criminal economy into Katsina State,” the source said.
The threat level in the Jibia axis has now been assessed as high, with strong indications of possible retaliatory attacks by Lantai’s faction and pre-emptive assaults by Turji’s forces to consolidate control.
Residents fear that the relative calm previously enjoyed in the area may give way to renewed instability marked by kidnappings, cattle rustling and attacks on communities as rival groups struggle for dominance.
Zagazola learnt that security agencies are said to be reviewing the situation with a view to deploying robust countermeasures to prevent a total breakdown of the fragile peace in the coming days.
Rival bandit leaders clash as key peace enforcer is killed in Jibia axis, Katsina
News
Troops raid bandits’ hideout in Plateau, neutralise notorious kidnapper
Troops raid bandits’ hideout in Plateau, neutralise notorious kidnapper
By: Zagazola Makama
Troops of Sector 2 of Operation OPEP have raided a suspected bandits’ hideout at Nahuta Village, Kadarko District in Wase Local Government Area of Plateau State, neutralising a notorious kidnapper during the operation.
A security source told Zagazola Makama on Wednesday that the raid was carried out on Tuesday night, Jan. 27, at about 8:30 p.m., following actionable intelligence.

According to the source, the troops came under fire from the criminals on arrival at the hideout but responded with superior firepower, forcing the bandits to flee in disarray.
“In the process, one bandit was neutralised. He was later confirmed to be a notorious kidnapper identified as Mr Timchak Zindang, who had been terrorising the general area,” the source said.
Items recovered from the scene included two locally fabricated rifles, eight cartridges, three rounds of 7.62mm ammunition and one desert camouflage uniform.
Preliminary investigations revealed that the criminal syndicate was responsible for several criminal activities, including kidnapping, cattle rustling and armed robbery along the Wase–Bashir road and its environs.
The source added that efforts were ongoing to track down the other fleeing members of the gang, while further investigation into the network was in progress.
Troops raid bandits’ hideout in Plateau, neutralise notorious kidnapper
News
First Batch of 300 Refugees Returns to Gwoza in Landmark Homecoming
First Batch of 300 Refugees Returns to Gwoza in Landmark Homecoming
By: Our Reporter
The first batch of 300 Nigerian refugees has returned to Gwoza in Borno State, marking the commencement of the fourth phase of a sustained repatriation exercise.
The returnees, comprising 75 households, arrived in Pulka, Gwoza Local Government in a coordinated and dignified homecoming.

The journey for the families represented not merely a border crossing, but an emotional passage from displacement to building their livelihood after 11 years in IDP camp in Cameroon republic.
This milestone follows Borno State Governor Babagana Umara Zulum’s visit to their camp in Cameroon on 8 December 2025, where he pledged a voluntary, safe, and dignified return process.
Chairman of the Borno State Sub-Committee on Repatriation, Engr. Lawan Abba Wakilbe described the exercise as a significant achievement in the lifetime of the present administration.
“This homecoming is a testament to our collective resolve. We are not just moving people; we are restoring lives and reigniting hope in our communities,” Wakilbe stated.
In a show of regional solidarity, the Governor of Cameroon Far North Region, Minjinyawa Bakari, personally bade the refugees farewell, reaffirming bilateral cooperation in addressing the humanitarian impact of insurgency around Lake Chad.

Upon arrival in Pulka, the returnees were formally received by local authorities and security officials. In a show of gratitude,some of the returnees knelt to touch the soil of their homeland; others offered prayers, while children many of whom had spent most of their lives abroad, observed their ancestral home with curiosity.
Each household head received ₦500,000 in cash, with an additional ₦50,000 to each wife to facilitate smooth reintegration.
The Borno State Government provided mattresses and wrappers, while the National Commission for Refugees supplied essential food items, including rice, millet, beans, and cooking oil.
This phase of the exercise is a broader strategy to stabilise resettled communities, rebuild infrastructure, and restore livelihoods across insurgency-affected communities.

Personalities that accompanied the Chairman of the Borno State Sub-Committee on Repatriation, Engr. Lawan Abba Wakilbe included members of House of Assembly representing Kaga, Gwoza and Gulumba Woloji, Honourable Mustafa Alibe Benishiekh, Buba Abatcha, Baba Shehu Gulumba, Chairman Gwoza local government, Abba Shehu Timta and official of National Commission for Refugees, Migrants and Internally Displaced Persons Mr. Murdakai Titus.
First Batch of 300 Refugees Returns to Gwoza in Landmark Homecoming
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