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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
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Six killed, nine injured in fatal auto crash in Plateau
Six killed, nine injured in fatal auto crash in Plateau
By: Zagazola Makama
Six persons were killed and nine others injured in a fatal motor accident involving a trailer truck at Shendam Road junction in Langtang North Local Government Area of Plateau State.
Sources said that the accident occurred at about 5:30 a.m. on Jan. 4 when a trailer conveying about 400 bags of unprocessed rice from Yelwa-Shendam en route Kano State lost control and fell off the road.
The deceased were identified as Samaila Dahiru, from Katsina State; Sanusi Ladan Yelwa, from Toro Local Government Area of Bauchi State; Abubakar Sa’id, from Dass Local Government Area of Bauchi State; and Zaradeen Makama, from Birnin Kudu, Jigawa State.
Police said two other victims died in the crash but were yet to be identified as at the time of filing this report.
They added that nine persons sustained varying degrees of injuries.
“On receipt of the distress call, the Divisional Police Officer, Langtang North, mobilised and led a team of policemen to the scene and cordoned off the area,” the sources said.
They said the injured victims were rushed to the General Hospital, Langtang North, with the assistance of personnel of the Federal Road Safety Corps (FRSC) and members of the public for medical attention.
According to the sources , the identified corpses were released to their relatives for burial in line with Islamic rites.
Six killed, nine injured in fatal auto crash in Plateau
News
Realistic training key to winning modern battles, says Army Chief as he declared the TRADOC Conference 2026 open
Realistic training key to winning modern battles, says Army Chief as he declared the TRADOC Conference 2026 open
By: Zagazola Makama
The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has reiterated that realistic, mission-oriented and doctrine-driven training remains the most critical enabler for superior operational outcomes across Nigeria’s diverse theatres of operation.
Shaibu made this assertion while delivering his opening remarks at the 2026 Training and Doctrine Command (TRADOC) Conference, which formally commenced the Nigerian Army’s training activities for the year.

The Army Chief warned that failure to adequately and realistically prepare officers and soldiers for assigned missions would inevitably undermine operational effectiveness, noting that the evolving and increasingly complex security environment demands a force that is professional, adaptable, combat-ready and resilient.
According to him, the conference was convened to promote robust and forward-looking deliberations aimed at aligning training, doctrine and operational concepts with contemporary and emerging security challenges confronting the nation.

Shaibu said Army Headquarters remained firmly focused on sound policy formulation and holistic, mission-specific training, in line with his Command Philosophy.
He charged commandants and leaders of training institutions to internalise this philosophy and translate it into practical outcomes by producing combat-ready, resilient and adaptable troops capable of operating effectively within joint and multi-agency environments.
The COAS described the theme of the conference, “Enhancing Nigerian Army Operational Outcomes Through Effective Training and Doctrine Implementation,” as apt and timely, stressing that doctrine must continue to guide training, planning and the execution of operations across all formations.

He urged participants to relate conference presentations to real operational experiences, with a view to strengthening the Army’s capacity to counter terrorism, insurgency and other contemporary security threats.
Shaibu placed particular emphasis on Exercise MUGUN BUGU, describing it as the hallmark of Nigerian Army training activities. He said the exercise remained central to validating doctrinal principles and assessing operational readiness.
The Army Chief called for greater realism in training scenarios, including the integration of improvised explosive device (IED) threats, explosive ordnance disposal (EOD) procedures and the expanded use of simulators to enhance proficiency and cost-effectiveness.
While acknowledging the sacrifices of Nigerian Army personnel in safeguarding national security, Shaibu reaffirmed his commitment to strengthening fighting power, improving welfare and administration, and providing purposeful leadership to confront threats to peace and security.

He also commended past commanders of the Training and Doctrine Command, retired senior officers and the current TRADOC leadership for their contributions to the development of the Nigerian Army.
The COAS appreciated the conference resource persons for their insights, which he said would help shape the Army’s training and doctrinal direction in the year ahead.
Shaibu further expressed gratitude to the President and Commander-in-Chief of the Armed Forces, President Bola Ahmed Tinubu, GCFR, for his sustained support to the Nigerian Army, while reaffirming the unalloyed loyalty of the Service to the Constitution of the Federal Republic of Nigeria.
In his welcome remarks, the Commander, Training and Doctrine Command, Maj.-Gen. Peter Malla, described the conference as a critical intellectual platform for setting the tone for Nigerian Army training activities in 2026.
Malla said the conference underscored the Army’s unwavering commitment to doctrine-driven, realistic and mission-focused training as the foundation for operational effectiveness, particularly in an increasingly complex and adaptive security environment.
He noted that Nigeria’s prolonged engagements in counter-terrorism, counter-insurgency and other internal security operations had consistently highlighted the vital link between sound doctrine, effective training and operational success.
The TRADOC commander reaffirmed the command’s commitment to Nigerian Army Doctrine as the professional blueprint guiding operations, stressing the need for doctrine to remain dynamic and responsive to emerging threats.
He urged participants to actively engage in deliberations, challenge assumptions and propose practical solutions aimed at enhancing training effectiveness and strengthening the Army’s collective operational competence.
The COAS later formally declared the Training and Doctrine Command Conference 2026 open
Realistic training key to winning modern battles, says Army Chief as he declared the TRADOC Conference 2026 open
News
One killed, nine arrested as rival gangs clash in Kano
One killed, nine arrested as rival gangs clash in Kano
By: Zagazola Makama
One person was killed and nine suspects arrested following a violent clash between rival thuggery groups in Kawo and Mariri areas of Kano metropolis, sources have confirmed.
Sources told the Zagazola Makama that the incident occurred on Jan. 4 at about 9:00 p.m., following a fight between two rival groups led by Kabalo Snu and Faizu Mohammed, popularly known as Chabross of Yar Kasuwa, Kawo Quarters.
According to the sources, the clash was a reprisal attack linked to an earlier confrontation between the two groups. They said that earlier in the day, at about 1:40 p.m., Faizu Mohammed allegedly inflicted injuries on Kabalo during a separate altercation, prompting members of Kabalo’s group to launch a retaliatory attack later that night.
During the reprisal, Faizu Mohammed was reportedly stabbed in the neck with a sharp object, sustaining severe injuries. He was rushed to Sir Muhammadu Sanusi Specialist Hospital, where he died while receiving treatment.
The sources said the corpse was subsequently released to his relatives for burial, while normalcy was restored in the area.
However, tension resurfaced in the early hours of Jan. 5 when information was received that some suspected thugs were mobilising in large numbers at Kawo Quarters, allegedly to carry out another reprisal attack on Kabalo at his residence located at Jar Kuka, Mariri Quarters.
The sources said police operatives were swiftly deployed to the area and arrived to find that the suspects had already broken into a shop belonging to Kabalo.
According to the sources, the operatives charged into the area, arrested nine suspects and recovered some exhibits, while several others fled the scene.
The sources added that the situation has since been brought under control, with normalcy restored across the affected neighbourhoods. Investigation is ongoing, while efforts are being intensified to arrest other fleeing suspects and prevent further breakdown of law and order.
One killed, nine arrested as rival gangs clash in Kano
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