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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
Youth attempt to disarm soldiers enforcing curfew in Niger
Youth attempt to disarm soldiers enforcing curfew in Niger
By: Zagazola Makama
Some youths in Borgu Local Government Area of Niger State allegedly attempted to disarm soldiers enforcing a curfew before fleeing the scene, security sources have said.
Zagazola gathered that the incident occurred at about 10:35 p.m. on March 10 when troops of the 221 Battalion, Wawa Cantonment, were on patrol to enforce the curfew declared by the Chairman of Borgu Local Government.
According to the sources, the troops were patrolling along the Correctional Service Office area in New Bussa when they intercepted some motorcycles.
During the encounter, some aggressive youths reportedly began stoning the soldiers and attempted to struggle with them in a bid to seize a rifle, while also hurling abusive language.
The troops fired warning shots into the air to disperse the youths, who later fled the scene.
The Controller of the Nigerian Correctional Service subsequently reported the incident to the police.
Following the report, the Divisional Police Officer (DPO) in New Bussa immediately mobilised more security personnel to the area, but the youths had already dispersed.
Community leaders, including the village head, were later invited and cautioned to maintain peace and ensure residents avoid confrontations or misunderstandings with security personnel.
Security sources said no arrest was made and no injury was recorded, while the military troops continued their patrol in the area.
Youth attempt to disarm soldiers enforcing curfew in Niger
News
ISWAP appoints Abu Ameer as new pulka commander after neutralization of Modu Kundiri
ISWAP appoints Abu Ameer as new pulka commander after neutralization of Modu Kundiri
By: Zagazola Makama
Following the recent neutralization of Modu Kundiri, the senior commander (Qa’id) of Pulka camp in Gwoza Local Government Area of Borno State, the Islamic State West Africa Province (ISWAP) has appointed a replacement to sustain its operational command in the area.
Intelligence reports obtained on the evening of March 11, 2026, revealed that ISWAP leadership quickly designated Abu Ameer as the new commander (Qa’id) of Pulka camp. The move pointed out to the group’s efforts in maintaining command continuity despite recent setbacks.
Kundiri had served as the senior commander, also known as Qa’id, of the group’s Pulka camp, a strategic operational hub located in the southern axis of Borno near the border with Adamawa State and Cameroon.
Pulka occupies a critical position in the insurgency landscape due to its geographical proximity to the border regions linking Borno State with Adamawa State and neighbouring Cameroon.
The area has historically served as a transit corridor for insurgent fighters, logistics supplies and communication networks operating across multiple theatres.
According to intelligence discussions intercepted on March 11, fighters loyal to the group are still present in Ngalta village, located between Pulka in Gwoza LGA and Madagali Local Government Area in Adamawa State.
The disclosure reportedly came during internal exchanges among insurgent members, where a fighter identified as Konto informed another member, Manya, about the continued presence of fighters in the area.
Such conversations indicated that despite losing commanders, the group continues to maintain operational cells and surveillance elements within the Pulka–Ngalta–Madagali corridor.
The continued presence of fighters in Ngalta village suggests that the insurgents may still retain limited operational capability along the Borno–Adamawa border axis. Such locations often function as temporary regrouping points or staging areas for movement between remote settlements.
The development therefore point to the need for sustained intelligence gathering, aerial surveillance and coordinated ground operations across the corridor.
Zagazola emphasise the importance of maintaining strong collaboration between military forces, local vigilante groups and community intelligence networks to detect insurgent movement.
The development comes amid ongoing operations by the Nigerian military to dismantle ISWAP strongholds across the Northeast and reinforce stability in affected communities.
ISWAP appoints Abu Ameer as new pulka commander after neutralization of Modu Kundiri
News
Buni attends funeral prayers of Wali Shettima, elder brother, in Nauru
Buni attends funeral prayers of Wali Shettima, elder brother, in Nauru
By: Yahaya Wakili
The Executive Governor of Yobe State, Hon. Mai Mala Buni CON, COMN, and other top government functionaries attended today the funeral prayers for Ba Wali Shettima, elder brother to Yobe State Secretary to the State Government, Alhaji Baba Mallam Wali mni, in Nguru town of Yobe State.
Ably represented by his deputy, Hon. Idi Barde Gubana (Wazirin Fune), the funeral prayers were led by the chief imam of Nguru Central Mosque, Shiek Ibrahim Shehu Ahmad.
The governor described the death of the renowned Islamic scholar Ba Wali as a huge loss not only to the Nguru community but to the whole Yobe state.
Gubana further extolled the virtues of the late Ba Wali as a committed and dedicated cleric, an epitome of peace and knowledge who contributed his own quota towards teaching and propagating Islam.
Late Ba Wali died at the University Teaching Hospital, Damaturu, on Tuesday after a protracted illness at the age of 80. He is survived by a wife, ten (10) children, and many grandchildren.
Special prayers were offered by Chief Imam Shiek Ibrahim Shehu Ahmad. May Aljanna Firdausi be the reward of his good deeds. Amin, suma Amin.
Buni attends funeral prayers of Wali Shettima, elder brother, in Nauru
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