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 kills 10 JAS fighters in Kukawa as rivalry clashes escalates
ISWAP kills 10 JAS fighters in Kukawa as rivalry clashes escalates
By: Zagazola Makama
No fewer than 10 fighters of the Jama’atu Ahlis Sunna Lidda’awati wal-Jihad (JAS) were killed on Jan. 8 during a night attack by the rival Islamic State West Africa Province (ISWAP) at Dabar Ledda, within the Doron Naira axis of Kukawa Local Government Area (LGA) of Borno State.
Security sources told Zagazola Makama that ISWAP fighters launched a surprise assault on a JAS checkpoint, locally referred to as an Irasa, in the Dabar Ledda area, overwhelming the position after a brief but intense clash.
Sources familiar with developments in the area told Zagazola Makama that the attack ended decisively in ISWAP’s favour, with about 10 JAS fighters killed. Following the operation, ISWAP elements were said to have withdrawn swiftly to their major stronghold located between Kangarwa and Dogon Chuku, also within Kukawa LGA.
Both group has, in recent years, focused on degrading each other’s capabilities in an attempt to consolidate control over key corridors around Lake Chad as well as Sambisa Forest.
However, the latest clash is expected to trigger a violent response. Intelligence reports suggest that JAS leadership, acting on directives allegedly issued by Abu Umaima, has ordered mobilisation of fighters across the northern and central parts of the Lake Chad region of Borno (LCRBA) in preparation for retaliatory attacks.
The planned counter-offensive could lead to an upsurge in large-scale attacks in the days and weeks ahead, particularly around the Kangarwa–Dogon Chuku corridor, an area that has witnessed repeated factional battles due to its strategic value for logistics, recruitment and access routes.
While the infighting has historically weakened Boko Haram/ISWAP overall cohesion, Zagazola caution that intensified clashes often come at a heavy cost to civilians, as armed groups raid communities for supplies, conscripts and intelligence. Kukawa LGA, already battered by years of insurgency, remains highly vulnerable whenever such rivalries escalate.
ISWAP kills 10 JAS fighters in Kukawa as rivalry clashes escalates
News
Troops foiled bandit attack in Sokoto, recovered rustled livestock in Gudu
Troops foiled bandit attack in Sokoto, recovered rustled livestock in Gudu
By: Zagazola Makama
A bandit attack on Karfen Chana village in Gudu Local Government Area of Sokoto State was successfully thwarted on Saturday evening, with security forces recovering all rustled domestic animals.
Zagazola report that the attack occurred at about 5:00 p.m. when armed bandits, described as Lakurawa, invaded the village and opened fire sporadically, stealing an unspecified number of livestock.
The troops of Operation FANSAN YANMA engaged the bandits in a gun duel, forcing the attackers to retreat towards the Niger border.
All the rustled animals were recovered and returned to their rightful owners. Fortunately, no casualties or injuries were reported among the security personnel.
The troops have continued to maintain rigorous patrols in the area to ensure sustained security and prevent further attacks.
End
News
APC commits to free, fair primary election in Adamawa
APC commits to free, fair primary election in Adamawa
The leadership of All Progressives Congress (APC) in Adamawa in partnership with the party’s Unity Forum is committed to conducting a free, fair and credible primary election in the state ahead of 2027 general elections.
Mr Abubakar Hamma-Girei, Director General of the Forum stated this at a press conference in Yola.
He said that the forum would ensure that all Party members have an equal opportunity to participate in the process, and that the outcome reflects the will of the party faithful.
He expressed gratitude to President Bola Tinubu and all stakeholders for the remarkable achievement recorded in the country that makes opposition to join the party
“We understand the importance of maintaining the trust and confidence of our members, and we are working tirelessly to ensure that the Primary Election is conducted in a transparent and accountable manner.
“Let me assure you that there will be no imposition of the candidate, and that will be free from any form of manipulation or interference.
“We will uphold the principles of internal Democracy and ensure that the best candidate emerges to fly our Party’s flag in the forthcoming elections”, he said.
The DG urged all party members to participate actively in the primary election and to report any irregularities or concern to the relevance authorities.
“Together we build a stronger more united Party that will deliver for our great nation.
“We are calling on all Nigerians who are passionate about positive change and good governance we invite you to join the All Progress Congress (APC) family”, he said.
According to him,, the ongoing membership revalidation exercise is a unique opportunity for shaping the future of the great nation.
Hamma further said that the forum also resolved to support all APC candidates in the forthcoming Local Government election in the state.
“We are directed to intimate all our members across 21 LGA to give them adequate support they deserve”, he said.
APC commits to free, fair primary election in Adamawa
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