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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
Less than 24 hours after triple killing, another Fulani youth slain in fresh Plateau attack by Berom Militia
Less than 24 hours after triple killing, another Fulani youth slain in fresh Plateau attack by Berom Militia
By: Zagazola Makama
Less than 24 hours after three Fulani youths were reportedly killed in an attack in Plateau state, another youth has allegedly been killed and one abducted in targeted attack in Riyom LGA by Birom Militia.
Security and local informants told Zagazola Makama that the latest incident occurred on Feb. 21 in Jol community, where suspected Birom militia members attacked herders, killing one Muhammed Sani, while another victim, identified as Faruq Jamilu, was abducted. An unspecified number of cattle were also reportedly killed or injured during the assault.
The development came barely a day after three youths Tahiru Muhammad, Jibrin Salisu and Abdulmumin Isyak were said to have been ambushed and killed on Feb. 19 while returning from Dorowan Babuje in Barkin Ladi area.
Zagazola report that the earlier attack occurred at about 7:00 p.m. near Jong Fulani community. Sources alleged that the victims were intercepted by armed Birom Militia assailants, and security personnel later recovered spent cartridges and a motorcycle and a bottle of alcohol otherwise known as Goskolo at the scene.
Community representatives alleged that the succession of incidents reflected sustained pattern of attacks targeting pastoral settlements and livestock in parts of the state in recent months.
Zagazola report that repeated cases of attacks and killing, cattle poisoning, rustling and arson had heightened tensions and triggered fears of reprisals across the affected areas while the state government and concerned authorities have done little or nothing to fish out the perpetrators.
Less than 24 hours after triple killing, another Fulani youth slain in fresh Plateau attack by Berom Militia
Former CP David Danjuma Auta dies at Air Force Military Hospital, Jos
By: Zagazola Makama
A retired Commissioner of Police, CP David Danjuma Auta (Rtd), JP, KSM, KSS, has died.
He passed away on Feb. 19, 2026, at the Air Force Military Hospital, Jos, after a brief illness.
Born on June 11, 1941, CP Auta enlisted in the Nigeria Police Force on Feb. 26, 1962, and served in several capacities, culminating as Commissioner of Police in Ogun State before retiring on Feb. 26, 1997.
He hailed from Takum Local Government Area of Taraba State.
He is survived by his wife and seven children. The corpse has been deposited at the hospital morgue, and burial arrangements will be communicated in due course.
Former CP David Danjuma Auta dies at Air Force Military Hospital, Jos
Five killed, house burnt in cross-border communal attack in Benue
By: Zagazola Makama
Five persons have been killed and a house razed following a late-night attack on Azoke village in Ado Local Government Area of Benue.
Sources said the incident occurred at about 9:00 p.m. on Feb. 19 when suspected assailants from Akparata community in Ohaukwu Local Government Area of Ebonyi allegedly invaded the village.
The victims were identified as Nwefuru Elu, Nwefuru Agnes, Nwali Nworie Christianana, Obasi Nwode and Nwozo Nwode.
It was gathered that the attackers also set ablaze a house belonging to one Elumu Nwokwo during the assault, heightening tension in the area.
Security personnel who responded to a distress alert visited the scene and documented evidence as part of preliminary investigation.
Authorities said efforts were ongoing to apprehend those responsible, while further investigation had commenced to determine the circumstances surrounding the incident.
Residents were urged to remain calm and cooperate with security agencies as measures were being intensified to prevent escalation of violence in the area.
Five killed, house burnt in cross-border communal attack in Benue
APC conducts congress in 17 local councils in Yobe
Less than 24 hours after triple killing, another Fulani youth slain in fresh Plateau attack by Berom Militia
Police arrest officer previously at large over missing firearms in Riyom Division in Plateau
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