News
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
ISWAP cleric threatens attack on Malam Fatori, after humiliating defeat, troops urged to remain alert
ISWAP cleric threatens attack on Malam Fatori, after humiliating defeat, troops urged to remain alert
By: Zagazola Makama
A suspected ISWAP cleric has issued threats of a possible attack on Malam Fatori following the recent neutralization of 75 terrorists in a failed attack on March 18 2026.
According to intelligence sources, the cleric, who reportedly led this year Eid Fitr prayers in a location near Sabon Tumbu, warned during his sermon that the group would soon retaliate against Nigerian troops for operations carried out in Malam Fatori.
The source said the cleric specifically threatened that the town could be “reduced to ashes” in a reprisal attack, stressing that such statements by insurgents should not be dismissed as mere rhetoric.
Sources noted that past experiences have shown that insurgent groups often act on their threats, urging troops deployed in Malam Fatori to remain on high alert and adequately equipped to counter any potential assault.
They also warned that the insurgents could deploy heavy firepower and adopt tactics such as coordinated assaults and the use of vehicle-borne explosive devices in any attempted attack.
Malam Fatori has for long been described as the town as a long-standing stronghold of military resistance against terrorist elements. The town has, over the years, witnessed decisive military victories against ISWAP fighters, nick named the “Grave Yard of ISWAP” and earning a REPUTATION as a difficult terrain for insurgents to operate.
The troops of the Armed Forces, supported by other security agencies, remain on high alert and have continued to fortify defensive positions in anticipation of any attempted incursion.
According to the sources, intelligence and surveillance have been intensified, while logistics and operational readiness have been enhanced to ensure that any threat is decisively neutralised.
“Experience has shown that insurgents often suffer heavy losses whenever they attempt to attack well-defended positions like Malam Fatori,” the source said.
ISWAP cleric threatens attack on Malam Fatori, after humiliating defeat, troops urged to remain alert
News
Baban Chinedu says Pastor Ezekiel Dachomo is a former Armed robber now turned crises entrepreneur
Baban Chinedu says Pastor Ezekiel Dachomo is a former Armed robber now turned crises entrepreneur
By: Zagazola Makama
Sheikh Yusuf Haruna Baban Chinedu, popularly known as Baban Chinedu, has launched a scathing and evidence-based attack on controversial Plateau pastor Ezekiel Dachomo in a viral video, accusing him of being a former armed robber and a liar who fabricated stories about meeting Jesus after a 1980 bank robbery in Jos.
Baban Chinedu declared: “Ezekiel Dachomo isn’t just someone seen in a photo with a bandit; no, he is the bandit! … Ezekiel committed armed robbery. We have records on him from 1976, from ’76 to sometime after 2000. … This man is a hardened armed robber.”
He played a clip of Dachomo admitting: “Because I went in 1980 is our gang that robbed a bank in Jos, Plateau State, Nigeria. 1980, they make away with a lot of money. It was my best friend that led the operation.” Baban Chinedu challenged: “Praise be to God, I hope you all heard the statement this man made. … He is lying! I want you to listen and know that first of all, this man is a complete hypocrite and a total liar. I swear, it was a gun that shot them! Angels? He claims Jesus came down with seven angels who struck them and killed fourteen people while he hid in the blood? You see, even the angels God sent down… only managed to kill fourteen people and lost track of where that one man was?”
The sheikh alleged Dachomo hid among corpses and was rescued by a gang member named Emmanuel, not Jesus: “He was begging Jesus for God’s sake to forgive him and spare his life. He claims that was where he met Jesus… By Allah, he is lying! … It was a gun that shot them! No Jesus descended there; he is lying to you.” He added: “A lady told me; she heard him when he was shot, and he still has the scar from that wound on his left side. … He is lying! At that time, it was the police, Nigerian security agents, Nigeria Police MOPOL who she said shot them.”
Baban Chinedu accused Dachomo of transitioning from “practical, street-level bandit” to “spiritual bandit” and inciting religious conflict: “The armed bandits of the past are the ones who transformed into these kidnappers. … All those who are making these plans are your boys… You’re insulting her religion, she told us the truth about everything that happened… You are a robber, and the government should investigate you; you’re behind all of this.”
He challenged Dachomo to court: “Ezekiel, I, Yusuf Haruna Baban Chinedu, challenge you: if you know there’s any falsehood in what’s being said about you, take it to court.” The sheikh demanded investigation: “We want the government if possible to investigate this man, I swear to God he’s an armed robber… By Allah, the government should know that Ezekiel is involved in this. Let him tell you the names of those he robbed with.”
The viral video has ignited fierce online reactions, with many praising Baban Chinedu’s evidence-based approach while others condemn the personal attacks on Dachomo, intensifying Nigeria’s ongoing religious and ethnic tensions occasioned by US recent remarks on Christians genocide propaganda. Watch the video in the comment section.
Baban Chinedu says Pastor Ezekiel Dachomo is a former Armed robber now turned crises entrepreneur
Crime
Freed victims expose evolving logistics, coercion tactics of terrorists in Kainji forest
Freed victims expose evolving logistics, coercion tactics of terrorists in Kainji forest
By: Zagazola Makama
Fresh revelations by two freed abductees have shed light on the growing sophistication of terrorist logistics and control mechanisms within the Kainji Forest Reserve, raising concerns over the scale of insurgent entrenchment in the area.
The victims, identified as Badiyu Hamidu and Saminu Isah, regained their freedom and arrived in Babanna at about 1100hrs, providing what security analysts describe as “critical human intelligence” on insurgent operations.
According to their account, no fewer than 10 trucks conveying grains, yams, and other farm produce were offloaded at a terrorist camp deep within the forest. The scale of the supplies, analysts say, points to an organised logistics chain capable of sustaining prolonged insurgent activity.
More striking, however, is the reported use of abducted civilians to support these operations. The victims said they were compelled at gunpoint to assist in offloading the supplies, highlighting a pattern of forced labour increasingly adopted by terrorist groups to reduce exposure and maintain operational secrecy.
The presence of young boys guarding the supply operation further underscores concerns about the continued recruitment and use of minors in insurgent activities, a development experts warn could deepen the cycle of radicalisation in affected communities.
The narrative of “betrayal” advanced by the terrorists against fleeing communities also offers insight into the evolving relationship between armed groups and local populations. According to the victims, the insurgents claimed to have previously granted locals access to restricted economic activities such as farming, fishing, mining, and logging within the forest, despite government prohibitions.
This was interpreted as a form of shadow governance, where terrorist groups create informal economic systems to win local cooperation or compliance. However, the backlash against communities attempting to flee suggests a shift towards coercion as military pressure intensifies.
“The accusation of betrayal indicates that these groups are losing voluntary support and are now resorting to intimidation to retain control,” sources noted.
The development also illustrates the strategic importance of the Kainji forest corridor, which has increasingly emerged as a hub for criminal and insurgent activities, partly due to its difficult terrain and limited state presence.
The reported stockpiling of food and supplies may be linked to preparations for sustained resistance against ongoing and anticipated counter-terrorism operations in the region.
Freed victims expose evolving logistics, coercion tactics of terrorists in Kainji forest
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