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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
National Progressive Hub (NPH) Urges Support for President Tinubu’s Second Tenure
National Progressive Hub (NPH) Urges Support for President Tinubu’s Second Tenure
By Comrade Philip Ikodor
The National Progressive Hub (NPH), a leading support group for the All Progressives Congress (APC), has called on all Nigerians to rally behind President Ahmed Bola Tinubu GCFR for a successful second term in office come 2027.

In a statement, National Coordinator/Convener, Honorable Bukie Okangbe, praised the APC administration for its efforts towards nation-building and economic stability. Okangbe highlighted the NPH’s previous support for President Tinubu, including a National Security and Endorsement event in 2022 that contributed to the party’s successful general election outcome.
The NPH is gearing up for a Grand Endorsement event for President Tinubu’s second term, scheduled to hold on February 26th at the Musa Yaradua Center, CBD, Abuja. The event will also feature the inauguration of 36 state coordinators, including the FCT, and address critical national issues.
“We invite everyone to join us at this significant event,” Okangbe said. “Your presence will be a testament to our collective commitment to Nigeria’s progress and the APC’s vision for a better future.”
The event promises to be a landmark occasion, showcasing the NPH’s dedication to the APC and President Tinubu’s leadership.
National Progressive Hub (NPH) Urges Support for President Tinubu’s Second Tenure
News
Borno: Zulum distributes farm tools, commissions school in Damasak
Borno: Zulum distributes farm tools, commissions school in Damasak
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, on Sunday, distributed farm tools to farmers and commissioned a new high Islamic school in Damasak, headquarters of Mobbar Local Government Area.
Governor Zulum was accompanied by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, and the Minister of Agriculture and Food Security, Senator Abubakar Kyari.

Zulum’s agricultural intervention aimed to boost dry-season farming and enhance the livelihoods of returnees who are gradually resettling in the community.
Zulum said, “From the beginning of this administration, dry season irrigation farming was adopted as a strategic component of the state’s food security framework. Recognising the limitations of rain-fed agriculture in the context of climate variability, insecurity, and population growth, the government implemented a dual-season production strategy to ensure year-round farming.”

He added, “Today’s distribution of 1,000 solar-powered water pumps and 200 complete tubewell drilling kits build upon earlier targeted interventions in Damasak and surrounding communities, including irrigation infrastructure development, mechanisation services, farmer-training, cooperative support, and security stabilisation measures.”
He stated, “The state remains aligned with the Presidential Food Systems Coordinating Unit and continues collaboration with relevant Federal Ministries and development partners to strengthen agricultural productivity, processing, and market integration.”

At the commissioning of the newly constructed high Islamic school, Zulum noted, “the commissioning of the Higher Islamic College, Damasak, represents a major milestone in the state government’s policy to expand and modernise sangaya education across Borno State. This intervention reflects our commitment to building an inclusive education system that integrates spiritual development with academic and vocational advancement.”
“All Higher Islamic Colleges operate under the approved curriculum of the National Board for Arabic and Islamic Studies (NBAIS), enabling students to obtain O-Level equivalent certification and pursue further education where desired.”
In his remarks, the commissioner of education, Engr Lawan Abba Wakilbe, underscores Governor Zulum’s giant strides, stating, “this institution forms part of a wider education recovery and expansion programme implemented across Borno State. Under the leadership of His Excellency,”
“The state has constructed One Hundred and Four (104) Mega Schools, rehabilitated and remodelled One Thousand and Eighty-Seven (1,087) classrooms, executed major works in forty (40) additional schools, restored thirty (30) flood-affected schools, and delivered numerous classroom projects through the State Universal Basic Education Board.”

“These strategic investments have yielded measurable progress. The number of out-of-school children has declined significantly from approximately 2.2 million to fewer than Eight Hundred Thousand (800,000). Current enrolment for the 2025 academic year stands at One Million Four Hundred and Eighteen thousand two hundred and seventy-nine (1,418,279) learners, with further increases expected as Women Leader, Hajiya Fati Alkali Kakenna.
Borno: Zulum distributes farm tools, commissions school in Damasak
News
Air-ground offensive foils Kukawa attack, destroys gun trucks
Air-ground offensive foils Kukawa attack, destroys gun trucks
By: Zagazola Makama
Troops have thwarted a coordinated multi-pronged terrorist assault on positions in Kukawa after a prolonged overnight battle supported by air strikes.
Military sources said the attackers, mounted on gun trucks, motorcycles and on foot, launched the assault from multiple directions late on Feb. 20.

Troops mounted a determined defence, engaging the insurgents in intense combat that lasted into the early hours of Feb. 21 before forcing them to withdraw while dragging away casualties.
Air strikes later destroyed one gun truck and several motorcycles carrying fleeing fighters, neutralising additional terrorists.

During follow-up exploitation, troops recovered 13 AK-47 rifles, 16 loaded magazines, three handheld radios, and other items believed to have been used by the attackers, as well as evidence of casualties evacuated by the group.
One soldier was killed during the encounter, while some equipment was damaged by rocket fire. Injured personnel were evacuated and are reported to be in stable condition.
Military authorities said the coordinated operations demonstrated sustained pressure on insurgent elements and continued efforts to degrade their combat capability across the theatre.
Air-ground offensive foils Kukawa attack, destroys gun trucks
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