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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
Military, police foil bandit attack in Zamfara, launch follow-up operations
By: Zagazola Makama
The joint troops of Operation FANSAN YANMA has foiled an attempted bandit attack on Farin Ruwa settlement in Maru Local Government Area.
Zagazola report that the incident occurred on April 15, 2026, at about 3:40 p.m., when suspected armed bandits from Bayan Ruwa hideouts in Maradun Local Government Area attempted to invade the community.
According to the sources , the troops under Operation Fansan Yamma, as well as police patrol swiftly responded to the distress call.
The security forces engaged the attackers in a gun duel, forcing them to retreat into nearby bushes with possible gunshot injuries.
The troops said the swift response prevented the attack and restored normalcy in the area, with residents returning to their daily activities.
It added that follow-up operations, including combing of the withdrawal routes, have been ordered to determine whether any of the bandits were neutralised or injured, and to recover possible weapons or traces of blood.
The sources said no casualties have been confirmed among civilians or security personnel at the time of the report.
The command further directed intelligence exploitation and debriefing of local residents to ascertain the strength, movement patterns, and direction of the fleeing bandits.
Military, police foil bandit attack in Zamfara, launch follow-up operations
Three vigilantes killed, village head abducted in Kebbi attack
By: Zagazola Makama
Three vigilante members have been killed and a village head abducted following a suspected terrorist attack on Yantala village in Bagudu Local Government Area of Kebbi State.
Security sources said the incident occurred on April 15, 2026, at about 5:00 p.m., when armed men stormed the community and opened fire sporadically on residents.
The attackers, believed to be members of a terrorist group locally referred to as “Mamudawa Boko Haram,” reportedly killed three vigilantes identified as Usman Riga of Sabon Gari village, Bande of the same address, and Bala Dan Chako of Yantala village.
They were also said to have abducted the village head of Yantala, Garba Ahmadu (85), alongside another resident, Bala Mazuga.
During the assault, one motorcycle was set ablaze before the attackers fled into nearby bush paths.
Local sources said the assailants operated with superior firepower, forcing residents to flee for safety.
Efforts are reportedly ongoing to rescue the abducted victims and track down those responsible for the attack, while tension remains high in the affected community.
Three vigilantes killed, village head abducted in Kebbi attack
Army holds Senior Command and Leadership Seminar in Port Harcourt
By: Zagazola Makama
The Nigerian Army has held its First Senior Command and Leadership Seminar for 2026 in Port Harcourt, Rivers State, aimed at strengthening operational leadership in complex security environments.
Sources said the seminar took place on April 14 at the Port Harcourt Barracks and had in attendance senior officers from various formations.
The Chief of Army Staff, Lt.-Gen. W. Shaibu, was represented by the Commander, Training and Doctrine Command (TRADOC), Maj.-Gen. P.P. Malla, who was received by the General Officer Commanding 6 Division, Maj.-Gen. E.E. Emekah.
According to the source, the seminar featured a lecture titled “Enhancing Operational Level Command and Leadership in a Complex Operational Environment,” delivered by retired Maj.-Gen. I.S. Ali.
The lecture session also had contributions from retired Air Vice Marshal I.G. Lubo and retired Maj.-Gen. S.O. Olabanji as discussants.
The event, which brought together serving and retired senior military officers, was described as hitch-free.
Military authorities said the seminar is part of ongoing efforts to improve command efficiency, decision-making, and inter-agency coordination in contemporary security operations.
Army holds Senior Command and Leadership Seminar in Port Harcourt
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