National News
VP Shettima To Investors: Nigeria Has Exited Its Phase Of Economic Instability
VP Shettima To Investors: Nigeria Has Exited Its Phase Of Economic Instability
- Tasks stakeholders on concrete MoUs, set timelines at Bauchi Investment Summit 2025
- Says state’s rich natural assets, cultural heritage will boost nation’s tourism, hospitality, creative industries
By: Our Reporter
The Vice President, Senator Kashim Shettima, has assured investors that the most auspicious and convenient time to choose Nigeria as an investment destination is now, saying the nation has exited its phase of economic instability.
He attributed the milestone to the decision made by the administration of President Bola Ahmed Tinubu to get rid of the hurdles that had hitherto clogged the wheels of the country’s economic progress.
Speaking on Wednesday in Bauchi State while declaring open the Bauchi Investment Summit 2025, Senator Shettima noted that the administration assumed office in 2023 with a promise to turn around the fortune of the nation’s economy that was already tottering on the edge of financial crisis, with debt service-to-revenue ratio shooting up to about 100 percent.
He told investors and stakeholders at the two-day summit that under the Tinubu administration, debt service-to-revenue ratio has been reduced to less than 50 per cent, while the GDP growth stood at 4.23 percent as of last month.

“Our non-oil revenues grew by 411 per cent year-on-year in the same month. Our tax-to-GDP ratio now stands at 13.5 per cent, up from barely 7 per cent a few years ago. Our debt-to-GDP ratio remains at 38.8 per cent, far below the limits set by the Fiscal Responsibility Act at 60 per cent, and those of ECOWAS and the World Bank at 70 per cent.
“Our external reserves have grown to 43 billion dollars as of September 2025. Nigeria has exited its phase of economic instability, and I assure investors present here that there is no better time to choose Nigeria,” the Vice President stated.
Explaining why the first decision made by President Tinubu “was to remove those obstacles that had become termites in the timber of” the nation’s progress, VP Shettima said, “You cannot guarantee enduring growth without stability.
“Our predecessors are here to testify to this truth. Each of them endured a fair share of obstacles and pushbacks in their efforts to introduce reforms that set the nation on the path of rediscovery and stability.”
Senator Shettima observed that no system can claim to be suitable for business if it cannot predict the outcome of its investment, maintaining that there can’t be a more potent treatment for a bad economy “than a stable economic stimulus,” which is why the Tinubu administration embarked on bold reforms.
He continued, “It was this dread that inspired our bold reforms to harmonise the exchange rate regime and to dismantle the fuel subsidy structure, an avenue that had become a theatre for round-tripping and rent-seeking, where the privileged few converted the nation’s collective patrimony into their private poverty alleviation scheme.”
“We may spend eternity debating the theories of our inactions, but the truth remains that nobody builds a house in a tsunami.”
The Vice President listed priorities in the administration’s development plan to include job creation, food security, value-chain development, and the unlocking of subnational comparative advantages, even as he pointed out that the plan “is anchored on promises that can only be realised when” stability is achieved.
These priorities, according to him, are inherently rooted in the investment opportunities Bauchi State offers, including “vast arable land and agricultural potential, abundant solid minerals, tourism and game reserves, renewable energy prospects, and improving infrastructure and business-enabling reforms.
“The Federal Government remains resolute in its commitment to ensuring security across the nation because no economy can thrive where fear replaces freedom and where insecurity undermines enterprise,” he added.
Senator Shettima said Bauchi State can spearhead “climate-smart agriculture, commercial outgrower schemes, and agro-processing hubs linked to national and export markets,” with its vast arable land and livestock, among other rich natural resources and cultural heritage that are capable of boosting tourism, hospitality, and the creative industries.
“The solid mineral reserves of this rich state can also enable responsible mining and downstream industrialisation through transparent tendering, geological mapping, and community benefit frameworks.
“Bauchi’s natural assets and cultural heritage can boost tourism, hospitality, and the creative industries, while its renewable energy and gas potential can power industrial clusters through public-private partnerships and off-grid solutions,” he maintained.
Applauding the vision of Governor Bala Mohammed for opening Bauchi State to investment, VP Shettima reaffirmed President Tinubu’s promise that under his watch, the Federal Government will treat “each state as a priority beyond the fiscal glories that accrue from the increased allocations now enjoyed across the federation.
“This is so because an affliction to any state slows down the pace of development in other parts of the nation, and this is the burden of federalism that we must never allow to slow us down. We must either grow together or falter apart,” he added
Declaring the summit open, the VP charged participants and stakeholders “to move beyond talk and commit to concrete memoranda of understanding, set timelines, and appoint joint implementation teams,” to ensure tangible milestones in project execution, insisting that programmes and projects “must align with social and environmental sustainability considerations.”
On his part, former President Olusegun Obasanjo said while the summit is an indication that there is hope for Nigeria, there is a need for partnership as a way of strengthening businesses.
He outlined what he termed the five Ps – Politics, People, Protection, Partnership and Progress, describing them as the bedrock of good investment, just as he expressed worry over the cement situation in Nigeria, calling for more action to strengthen the cement industry.
“Governance must be right because it’s about the people and there must be protection (security), or else investors will not come. There must be strong partnership at the local, community, state, and national levels, as well as the civil society, with the public and private sectors. We need partnership,” he stressed.
For his part, Governor Mohammed thanked the Vice President for always identifying with the state, assuring participants and the people of Bauchi State that the recommendations reached at the summit would be implemented.
The Governor hailed the federal government for establishing the North-East Development Commission (NEDC), which he said is driving development across the six states of the region.

He also assured investors of the safety of their lives and businesses in Bauchi, saying, “We will also utilize partnership and fight corruption in order to enable businesses thrive in our state,” he said.
Also speaking, Chairman of the North East Governors’ Forum, and Borno State Governor, Prof. Babagana Zulum, commended Governor Mohammed for convening the summit, saying Bauchi State’s potential in agriculture is the bedrock for its development.
Urging investors to tap from the available resources as they invest in the state, Zulum said, “Northerners are hospitable. Mineral resources and hydrocarbons are also found here in large quantity. I believe investors will have the opportunity to play around for our future development. There is ease of doing business in Bauchi and the entire North; come and do business here.”
Delivering the keynote address, former Head of Civil Service of the Federation, Mahmud Yayale Ahmed, noted that while leadership is about creating room for others to grow, the current global challenges require serious attention and action.
The erstwhile Secretary to Government of the Federation (SGF) identified education, good governance and human capital development as bases for development at all times, positing that Public, Private Partnership (PPP) and collaboration between the federal and State governments would help boost development.
In his remarks, the Sultan of Sokoto, His Eminence, Abubakar Sa’ad III, regretted that while he had attended a good number of summits in the country, most of them ended with little commitment towards implementation of resolutions.
“What have we achieved? Have we really achieved the goals of such summits? I want to challenge the Governors of Northern states on this. Have we really moved our states and the north forward? I want to challenge all of us to really look inwards. Nobody can take us out of these economic challenges except we, ourselves. The North has everything needed for development,” he said.
The royal father applauded Vice President Shettima’s unflinching support for President Tinubu in leading Nigeria, just as he pledged the support of religious and traditional leaders at all times.
Stressing the need for adequate security, the Sultan said, “Our support is unwavering. But whatever you do, if there’s no security, you can’t really achieve anything,” appealing to all Nigerians to love their country and pray for their leaders instead of cursing them.
Other dignitaries in attendance include representatives of the Governors of Oyo, Gombe, Bayelsa and Jigawa States; former military administrators of Bauchi State, Chris Abutu Garuba and Raji Adisa, and Chairman/Founder of Oriental Energy Resources, Alhaji Mohammad Indimi, among others.
VP Shettima To Investors: Nigeria Has Exited Its Phase Of Economic Instability
National News
IJAP Affirms INEC Chairman’s Call for End to Courtroom Elections, Reiterates Urgent Reform Agenda
IJAP Affirms INEC Chairman’s Call for End to Courtroom Elections, Reiterates Urgent Reform Agenda
By: Michael Mike
The Independent Judicial Accountability Panel (IJAP), led by Hon. Justice Adekunle Owoade (Rtd) has commendsed the recent proactive statements made by the new Chairman of the Independent National Electoral Commission (INEC), Professor Joash Amupitan, SAN, regarding the need to end the era of endless court battles over election results.
IJAP noted that Professor Amupitan’s emphasis on the necessity for robust legal frameworks, genuine internal democracy within political parties, and his challenge that “Elections must be won at the polling units, not in the courtroom,” is a welcome and highly encouraging statement, stressing that this commitment perfectly aligns with the extensive recommendations developed through its rigorous analysis of post-election justice delivery in Nigeria.
A statement on Wednesday said IJAP’s position, articulated during its 3rd session (September 30 – October 3, 2025), is clear: the current fragility of our electoral process is deeply rooted in the lack of consistency with legal principles of fairness, equity, and compliance with the electoral legal framework.
“We strongly urge the new INEC leadership to immediately prioritise the following critical recommendations made by the Technical Working Group of the Citizens’ Led Engagement on Judicial Accountability in Post-Election Justice Delivery in Nigeria (CLEAP – Justice):
“Pre-election matters should be determined before the election to ensure fairness, prevent multiplicity of actions and enhance election administration.
“The levels of redress for pre-election matters should be reviewed as follows: House of Representatives, Senate, and Governorship elections should have two steps/levels ending at the Court of Appeal, while Presidential pre-election matters should start from Court of Appeal and end at the Supreme Court.
“Primaries not conducted in adherence to INEC regulations & guidelines should be invalidated. Stringent rules and sanctions should determine elevated electoral crimes, and parties should be prohibited from holding public office for five years in case of disqualification.
“INEC Regulations should be separated from the guidelines and gazetted.
“The punishment for electoral offences in the Electoral Act, 2022 (Electoral Act) should be revised to elevate serious offences to a level that disqualifies the political parties and/or candidates from elections.”
IJAP also acknowledged that several bills currently before the House of Representatives Committee on Constitutional Review align with the panel’s reform objectives, demonstrating legislative interest in addressing electoral flaws.
It added that notably, while some progress is reflected in the proposed Electoral Bill 2025, specifically the increase in fines for certain electoral offences, IJAP maintained that this measure is insufficient. The panel strongly reiterated its demand that any revised laws must include the automatic disqualification of candidates and political parties found guilty of serious electoral offences. IJAP emphasized that mere fines are inadequate as a deterrent, especially against deep-pocketed political actors, and that only the threat of direct exclusion can restore integrity to the electoral process.”
IJAP, also in the statement signed by Hon. Justice Adekunle Owoade (rtd), said: “Our independent assessment shows that one key to ending courtroom elections is that INEC should not be a statutory party in election petitions. Professor Amupitan has the unique opportunity to leverage the judiciary’s expertise, as envisioned by IJAP, to institutionalize these reforms. This is the moment for INEC to act decisively and cement its position as a truly independent umpire, safeguarding the will of the people expressed at the polling unit, not the whims of lawyers in the courtroom.”
IJAP Affirms INEC Chairman’s Call for End to Courtroom Elections, Reiterates Urgent Reform Agenda
National News
Marwa: Challenge of Drug Scourge Remains Monumental, Needs More Work to Be Done
Marwa: Challenge of Drug Scourge Remains Monumental, Needs More Work to Be Done
…Discloses 45,853 Arrests Made, 8.5m kilogrammes of Drugs Seized, 9,263 Convicted in 30 months
By: Michael Mike
The Chairman/Chief Executive Officer of National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Buba Marwa (rtd) has said the challenge of drug scourge in the country still remains monumental and as such there’s need for more work to be done.
Marwa, while disclosing that 45,853 arrested were made, 8.5 million kilogrammes of drugs seized, and 9,263 persons convicted in 30 months, commended officers of the agency for raising the momentum of the fight against substance abuse and illicit drug trafficking across the country in the past two and a half years of the administration of President Bola Tinubu.
The commendation was given on Wednesday by the Chairman/Chief Executive Officer of the agency, Brig. Gen. Buba Marwa (rtd) during a presentation of commendation letters and awards to 220 personnel for outstanding performance in the discharge of their duties and the decoration of 15 senior officers with new higher ranks.
In his remark at the event, Marwa said: “Today, we specifically recognize those who have gone above and beyond. We celebrate those who, despite facing immense danger and relentless temptation, chose the path of integrity, selflessness, and uncompromising adherence to our mandate.
“Your commitment to the renewed hope agenda of the administration of President Tinubu has yielded tremendous results in the past 30 months on our two major planks of drug demand reduction and drug supply reduction, leading to 45,853 arrests; seizure of over 8.5 million kilograms of assorted illicit drugs; and conviction of 9,263 offenders; with 26,613 drug users counselled and rehabilitated in our treatment facilities across the country, while a total of 9,848 War Against Drug Abuse (WADA) sensitisation activities were conducted in schools, work places, markets, motor parks, worship centres and communities among others within the same period.”
The anti-drug czar while noting that he has upheld the tradition of hosting the commendation and awards ceremony in the last four and a half years to appreciate and encourage officers, men and women who have distinguished themselves in the line of duty, said the challenge of the drug scourge still remains monumental and as such there’s need for more work to be done.
“Without mincing words, the challenge we face is monumental. Drug abuse, trafficking, and the associated criminal enterprises represent a direct and existential threat to the social fabric, economic stability, and national security of Nigeria. They fuel crime, corrupt our youth, and provide resources for terrorism and insurgency.
“But for every kilogramme of cocaine intercepted, for every clandestine laboratory dismantled, for every major drug kingpin apprehended, a critical blow is delivered to these criminal networks. These victories, are no doubt the direct result of your dedication.”
He said the reward system he established is to maintain the momentum and keep the workforce in optimal condition—both materially and mentally, while ensuring high morale. “This is why we uphold our tradition of rewarding key virtues: hard work, loyalty, sacrifice, integrity, commitment, honesty, courage, and obedience. In addition to the traditional incentives such as promotions, training, and others (which we continue to work towards), we introduced this reward system: the CCEO Commands Awards and Commendations. This has become one of the primary ways management expresses appreciation for the efforts of the NDLEA workforce.
“If anything, our faith in the reward system has been proven right. Over the past four and a half years, we have witnessed an improvement in both the individual and collective ethos of our workforce. However, let us not forget that each gathering to celebrate and honour our finest efforts serves as a reminder to all officers of this noble agency that there is still much work to be done.
“For decades, we lagged behind, constrained by a lack of resources and limited capacity. Now that we are gaining momentum with increased capacity, we must work to roll back the influence and dismantle the structures put in place by drug cartels, using the full force of the law. In carrying out your duties, it is essential to operate within the parameters of our SOPs. Adhering to these guidelines ensures your protection”, he charged.
He expressed appreciation to local and international partners for believing in the Agency and supporting its efforts. “I cannot proceed without thanking our media partners for their collaboration and partnership in supporting our efforts. I would also like to express our gratitude to UNODC, INL, the UK Border Force, the French government, and the Government of Germany for their invaluable contributions.
“At home, we owe a great deal of thanks to the Senate Committee on Narcotic Drugs and the House Committee on Drugs and Narcotics, who, particularly over the past years, have been immensely supportive and crucial to the growth of the NDLEA as an institution. “Similarly, we extend our gratitude to the Minister of Justice and the Attorney General of the Federation as well as the Judiciary as an arm of Government. We must also express our deepest thanks to the President, His Excellency Bola Ahmed Tinubu, GCFR. We are where we are today because of the unwavering support we have received from these institutions, and we are optimistic that this support will continue, enabling us to fulfil our mandate of making Nigeria a drug-free country. Finally, we thank Nigerians for embracing the reforms we’ve implemented and for continuing to be one of our strongest partners”, he added
Marwa: Challenge of Drug Scourge Remains Monumental, Needs More Work to Be Done
National News
Chief of Air Staff vows to build a fearless, intelligent and combat-ready Air Force
Chief of Air Staff vows to build a fearless, intelligent and combat-ready Air Force
By: Zagazola Makama
The Chief of Air Staff, Air Vice Marshal Sunday Kyaoka Aneke, on Wednesday delivered a stirring and inspiring address before the Senate, declaring his unwavering commitment to build a “lethal, intelligent and combat-ready” Nigerian Air Force that will defend the nation with precision, discipline and purpose.
Speaking with rare candour and conviction, Aneke said his duty as Air Chief was not just a professional obligation, but a sacred covenant between the Air Force and the Nigerian people.
“As the Chief of the Air Staff, my duties are very clear, direct and simple to secure the lives, liberties and aspirations of Nigerians through the instrument of air power,” he said.
“This is not merely a professional mandate. It is a sacred trust between the Nigerian Air Force and the people we serve.”
Aneke, a battle-tested pilot and strategic thinker, told lawmakers that every decision he makes, every policy he drafts and every mission he authorises will be driven by a single objective to safeguard Nigeria’s sovereignty and preserve peace.
“Every decision I make will be guided by one purpose to protect our people and ensure that the Nigerian Air Force remains the shield of the nation,” he said.
He vowed to transform the Air Force into a force of speed, precision and intelligence capable of overwhelming threats before they emerge.
“If confirmed, I will dedicate myself to building a combat-ready Air Force one that is operationally versatile, disciplined and lethal,” he declared.
“I use the word lethal in a professional sense, because a man running from you will not have the time to sit down and plan. The Nigerian Air Force will respond swiftly, strike precisely and act intelligently across the full spectrum of military operations.”
Aneke said his vision was anchored on training, technology, safety and strategic innovation, noting that true military power is not measured by brute force but by superior intellect and adaptability.
“When you find yourself in a battle, it is not the strength you have that matters. It is the brain you have that solves the problem,” he said.
“We must use technology wisely and meet our adversaries with intelligence, not just strength.”
The Air Chief, known for his pragmatic leadership style, pledged to deepen inter-agency synergy, especially with the Navy and Army, to ensure unified and effective operations.
“I have served with the Navy and seen firsthand the challenges of joint operations. I will energise and strengthen collaboration among all the services. Together, we will fight as one force for one nation,” he said.
On the question of funding, Aneke offered a blunt but insightful reminder about the real cost of national security.
Aviation is a very expensive business,” he told the senators. You may hear N1.2 billion and think it is a lot, but in the aviation environment, that is like a spoon fetching from the ocean. To train one pilot or fire one missile costs tens of thousands of dollars and we do this every day.”
He appealed for sustained legislative support, insisting that national defence must never be compromised by budgetary hesitation.
“The Armed Forces is that part of government which you must spend money on and hope not to use,” he said.
“If you do not have it, you are a chicken waiting for the hawk. But if you have it, you can look anyone in the face and defend your country with pride.”
Drawing from his experience flying alongside top airmen in the United States and across the world, Aneke said Nigerian officers command respect globally for their professionalism, discipline and intellect.
“I have flown with Americans and officers from other nations. They respect us. A Nigerian is a proud person anywhere in the world all we need is support,” he said.
He concluded his address with an impassioned pledge to the nation:
“I will lead an Air Force that is fearless in the face of danger, relentless in the pursuit of excellence, and uncompromising in the defence of our homeland. We will make Nigeria proud.”
The Senate applauded Aneke’s vision, describing his words as both inspiring and reassuring a reflection of renewed determination within the Nigerian Air Force to defend the nation with courage, intelligence and strength.
Chief of Air Staff vows to build a fearless, intelligent and combat-ready Air Force
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
News6 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
