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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
Bandits kill two police personnel, cart away weapons in Musawa ambush in Katsina
Bandits kill two police personnel, cart away weapons in Musawa ambush in Katsina
By: Zagazola Makama
Suspected armed bandits, allegedly affiliated with a notorious bandit leader, have ambushed a police convoy in Katsina State, killing two police personnel and carting away their service weapons.
Police sources said the attack occurred at about 5:50 p.m. on April 7, 2026, at Sabon Garin Garu village in Musawa Local Government Area.
The assailants, said to be in large numbers and riding on about 30 motorcycles, were reportedly affiliated with a notorious bandit leader identified as Muhammadu.
They ambushed a vehicle conveying five personnel of the Police Mobile Force (27 PMF) who were travelling from Zamfara State through Katsina State.
A swift response by police tactical teams, including patrol units and community watch groups, led to a gun duel with the attackers, forcing them to retreat.
Three of the police personnel were rescued unhurt during the exchange of fire.
However, two personnel were killed in the attack. They were identified as Sgt. Bilyaminu Babangida and PC Abdulaziz Musa.
The attackers also carted away the officers’ service rifles and a riot gunner.
Police reinforcements from Dutsinma, Kankia, Matazu and Kankara were subsequently deployed to block escape routes, while cordon and search operations were ongoing to apprehend the perpetrators and recover the stolen arms.
Security authorities said efforts had been intensified to restore calm in the area and prevent further attacks along the axis.
Bandits kill two police personnel, cart away weapons in Musawa ambush in Katsin
News
Fake report of unrest at unijos debunked, military assures campus security
Fake report of unrest at unijos debunked, military assures campus security
By: Zagazola Makama
The Management of the University of Jos and the Nigerian military have dismissed as false and misleading a viral report alleging unrest, chaos, and destruction within the institution, describing it as a deliberate attempt to cause panic and misinformation.
The fake report, which circulated on social media alongside an image claimed to depict violence on campus, suggested that “student grievances had escalated into chaos” with alleged destruction and insecurity within the university environment.

However, checks by Zagazola and confirmation from university authorities indicate that the situation at the University of Jos remains calm, peaceful, and under control, with normal activities ongoing.
It was further gathered that the image accompanying the false report was generated using Artificial Intelligence and does not reflect any real incident within or around the university.
A senior security source told Zagazola Makama that the General Officer Commanding 3 Division, Nigerian Army and Commander Joint Task Force Operation ENDURING PEACE, Major General E.F. Oyinlola, personally led troops to the University of Jos following the circulation of the fake report.

During the visit, the GOC met with the Vice Chancellor of the institution and assured management of the Nigerian Army’s commitment to safeguarding the university community, students, and staff against any form of threat or security breach.
The military described the viral publication as “fake news deliberately designed to cause confusion, panic, and distrust,” urging members of the public to disregard it in its entirety.
Authorities further cautioned against the circulation of unverified content, especially digitally manipulated images, warning that such misinformation could incite unnecessary fear and disrupt public peace.
The University of Jos management also reaffirmed that there was no unrest or security breach on campus, stressing that academic activities were proceeding without disruption.
Security agencies assured continued surveillance and protection of the institution as part of ongoing efforts under Operation ENDURING PEACE to maintain stability across Plateau State.
The public has been urged to rely only on verified information from official sources and avoid sharing content capable of undermining peace and order in the state.
Fake report of unrest at unijos debunked, military assures campus security
News
Athena Observatory Warns of Deepening Structural Risks in Nigeria’s Democracy
Athena Observatory Warns of Deepening Structural Risks in Nigeria’s Democracy
By: Michael Mike
A new policy report has raised fresh concerns about the stability of Nigeria’s democratic system, warning that growing political fragmentation and institutional strain could undermine the credibility of elections ahead of the 2027 general polls.
The report, released on Tuesday by the Athena Election Observatory (AEO), marks the debut of its Political Landscape Monitor—a policy series designed to track and analyse the country’s evolving electoral environment. Titled “Nigeria’s Democracy and the Imperative of Competitive Politics,” the inaugural note paints a sobering picture of a political system struggling to keep pace with its own internal dynamics.
According to the Observatory, a pattern is emerging across Nigeria’s major political parties in which leadership disputes, fragile alliances, and factional battles are becoming increasingly common. While these crises may appear isolated, the report argues they are symptoms of a deeper structural imbalance.
At the heart of the problem, it said, is a widening gap between political activity and institutional capacity. Political actors, driven by the urgency of coalition-building and power consolidation, are moving faster than the rules and structures meant to regulate them.
“This is not just about party disagreements,” the report noted. “It is about the weakening of the systems that are supposed to organise competition, manage conflict, and ultimately guarantee meaningful choice for voters.”
The analysis drew from recent developments within prominent parties such as the African Democratic Congress (ADC), the Peoples Democratic Party (PDP), and the Labour Party, where internal tensions and contested leadership claims have repeatedly spilled into the public domain.
Observers say the trend reflects a broader shift in how political disputes are resolved in Nigeria. Rather than being settled through internal party mechanisms, disagreements are increasingly pushed toward external institutions—particularly the courts and electoral regulators.
The report highlighted the pivotal role of the Independent National Electoral Commission (INEC) in this process. Its decisions on which party factions to recognise can effectively determine leadership outcomes, making it a central actor in intra-party struggles.
While acknowledging INEC’s constitutional mandate, the Observatory cautioned that inconsistent or opaque decision-making could erode public confidence. It called for clearer procedures and stricter adherence to impartiality to prevent the Commission from being perceived as a political arbiter.
Equally significant is the growing reliance on the judiciary to settle political disputes. The report warned that while the courts remain essential for upholding the rule of law, their increasing involvement in intra-party conflicts risks displacing internal governance systems.
Legal interventions, it argued, should serve as a last resort—not a default mechanism.
“When courts become the primary arena for resolving political disagreements, parties gradually lose the capacity to govern themselves,” the report states. “Over time, this weakens the entire democratic ecosystem.”
Beyond institutional concerns, the Observatory drew attention to the implications for ordinary voters. A fragmented political landscape, it said, reduces the clarity and credibility of electoral choices, leaving citizens with options that may lack cohesion or long-term viability.
In such conditions, elections risk becoming procedural exercises rather than meaningful expressions of democratic will.
The report ultimately framed the issue as a national, rather than partisan, challenge. Strengthening the institutional foundations of political competition, it argued, is critical not only for credible elections but also for political stability and governance.
As Nigeria edges closer to another election cycle, the findings serve as a stark reminder that the health of a democracy depends not just on the conduct of elections, but on the strength of the systems that shape them long before ballots are cast.
The Athena Election Observatory said it will continue to publish periodic assessments under its Political Landscape Monitor, offering data-driven insights into the trends shaping Nigeria’s political future.
Athena Observatory Warns of Deepening Structural Risks in Nigeria’s Democracy
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