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
Shehu Dikko Endorses President Tinubu for Second Term
Shehu Dikko Endorses President Tinubu for Second Term
By Comrade Philip Ikodor
Abuja, Nigeria – The Chairman of the National Sports Commission (NSC), Shehu Dikko, has called on Nigerians to support President Bola Ahmed Tinubu’s bid for a second term in office come 2027. Dikko made this assertion at the Grand Endorsement event of President Tinubu’s re-election, organized by the National Progressive Hub (NPH), a prominent support group of the All Progressives Congress (APC), held at the Shehu Yaradua Center in Abuja.

Dikko, who hosted the event, highlighted the achievements of the Tinubu administration, including the establishment of the National Sports Commission, which has driven reforms and innovations in sports administration in Nigeria. He also commended the President’s industrial revolution drive, which has led to economic stability and development.
“President Bola Ahmed Tinubu is a great leader committed to positioning Nigeria as a leading nation. His bold economic policies and interventions have yielded positive results,” Dikko said. He also praised the President’s recent executive bill, which mandates key institutions to remit generated revenue directly to government coffers, calling it a significant step towards economic development.
The event also featured the formal inauguration of the 36 state coordinators and the FCT of the National Progressive Hub (NPH) and the unveiling of the Roadmap Framework for strategic grassroots engagement towards the APC’s victory in 2027.
The NPH, a leading APC support group, has thrown its weight behind President Tinubu’s re-election bid, citing his remarkable achievements and commitment to Nigeria’s development. The group is set to mobilize support for the President across the country, leveraging its extensive network and grassroots presence to ensure a landslide victory for the APC in 2027.
The NPH’s endorsement is seen as a significant boost to the President’s re-election campaign, and a testament to his growing popularity and influence among Nigerians.
Shehu Dikko Endorses President Tinubu for Second Term
National News
FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board
FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board
We’re targeting 50% of working population by 2030, says VP Shettima
By: Our Reporter
The Vice President, Senator Kashim Shettima, has inaugurated the Board of the Nigerian Consumer Credit Corporation (CREDICORP), saying access to consumer credit is critical to Nigeria’s ambition of becoming a one-trillion-dollar economy.

According to him, President Bola Ahmed Tinubu established the CREDICORP to build a trusted credit infrastructure, provide catalytic capital to lower borrowing costs, and help Nigerians overcome long-standing cultural resistance to credit.
Speaking on Thursday in Abuja when he inaugurated the Board on behalf of the President, the Vice President said that the quality of life of Nigerians cannot improve without closing the gap between access to capital and human dignity.

“A civil servant who earns honestly does not have to chase sudden wealth just to buy a vehicle, or save for ten years to buy one. A young professional should not remain in darkness simply because solar power must be paid for all at once,” the Vice President said.
VP Shettima disclosed that in just one year of operations, CREDICORP has disbursed over ₦37 billion in consumer credit to more than 200,000 Nigerians, with over half of them accessing formal credit for the first time.
The Vice President said the organisation is specifically tasked with building credit infrastructure to bridge the trust gap between lenders and borrowers, providing wholesale capital and credit guarantees through its portfolio company.

“Ultimately, these critical jobs of CREDICORP will enable access to consumer credit to at least 50 per cent of working Nigerians by 2030,” he said.
The Vice President explained that the new board’s role is not ceremonial as they are custodians of the organisation’s mission, adding that the long-term strength of the institution would depend on their “vigilance, integrity, sacrifice, and commitment.”
He directed Board members to uphold Public Service Rules, the Board Charter, and all applicable governance frameworks, warning that accountability and stewardship of public resources were non-negotiable.
Earlier, Chairman of CREDICORP, Otunba Aderemi Abdul, expressed appreciation to President Tinubu for his vision behind the formation of CREDICORP and for the confidence reposed in them, noting that the establishment of Corporation marked an important step towards strengthening the nation’s financial architecture.
He assured President Tinubu that the board understands its responsibility and will guide the institution to deliver meaningful benefits to Nigerians.

For his part, Engr. Uzoma Nwagba, Managing Director/CEO of CREDICORP, recalled watching President Tinubu saying 20 years ago that consumer credit is one of the major tools that will improve the lives of Nigerians.
He noted that over the past 18 months, the institution has benefited more than 200,000 Nigerians, including students.
He assured that the presidential vision behind CREDICORP would not be taken lightly, as the team considers their appointments a unique, once-in-a-lifetime opportunity.
Other members of the board inaugurated include Olanike Kolawole, Executive Director, Operations; Aisha Abdullahi, Executive Director, Credit and Portfolio Management; Dr. Armstrong Ume-Takang (MD, MoFI), Representative of MoFI; Engr. Bisoye Coke-Odusote (DG, NIMC), Representative of NIMC; and Mohammed Naziru Abbas, Representative of FMITI.
Others are Marvin Nadah, Representative of FCCPC; Chinonyelum Ndidi, Representative of the Federal Ministry of Finance; Mohammed Abbas Jega, Independent Director; and Toyin Adeniji, Independent Director.
FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board
National News
NAPTIP, UK Government Rally Against Rising Trafficking into Southeast Asia Scam Centres
NAPTIP, UK Government Rally Against Rising Trafficking into Southeast Asia Scam Centres
By: Michael Mike
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP), in collaboration with the British High Commission Abuja, has amplified the voices of trafficking survivors in a bold move to confront the fast-growing crisis of cyber-enabled scam operations across Southeast Asia.
At a landmark survivor-centred forum held in Abuja on Monday, stakeholders gathered under the theme, “Confronting the Global Scam Centre Crisis: Perspectives of Nigerian Survivors,” to spotlight the emerging pattern of Nigerians being lured abroad with fake job offers and forced into criminal cyber-fraud networks.
The event featured testimonies from recently repatriated Nigerians who were trafficked to Myanmar, Laos, Cambodia and Thailand, where they were compelled to operate sophisticated online scam schemes under harsh, exploitative and often abusive conditions.
The programme followed a coordinated rescue effort involving NAPTIP, the Nigerian Ministry of Foreign Affairs, the Nigerian Embassy in Bangkok, the British NGO EDEN, and the International Organization for Migration (IOM). Their joint intervention — including cross-border triangulation at the Thai–Myanmar frontier and welfare visits to detained Nigerians at Bangkok’s Immigration Detention Centre — led to the safe return of 23 survivors earlier this month.
Global data underscore the severity of the crisis. According to the Office of the United Nations High Commissioner for Human Rights (OHCHR) 2026 report titled “A Wicked Problem,” credible estimates indicate that at least 120,000 individuals are currently trapped in forced scam operations inside Myanmar alone, with figures exceeding 300,000 across Southeast Asia. The report notes that victims identified originate from at least 66 countries, and that between 2020 and 2025, 74 percent of known victims trafficked into scam centres were taken to Southeast Asia after being promised lucrative employment.
Speaking at the event, the UK Deputy High Commissioner to Abuja, Gill Lever, said the forum was designed to centre survivors’ voices and ensure their experiences inform prevention and response strategies.
“We are here to listen to survivors who have shown remarkable bravery in sharing their experiences,” she said. “The UK is working closely with Nigerian authorities and partners to ensure trauma-informed care, safe repatriation and stronger safeguards against this rapidly evolving threat.”
Representing the Director-General of NAPTIP, Mrs. Kehinde Akomolafe, the agency’s Director of Public Enlightenment, described the accounts as a stark reminder of the cruelty underpinning modern trafficking networks.
“The courage these survivors have shown is extraordinary,” she said. “Their experiences expose the brutal reality of trafficking into scam centres — a crime that strips individuals of their dignity, autonomy and freedom. NAPTIP remains resolute in protecting Nigerians from this growing menace and strengthening collaboration with international partners.”
One survivor recounted being promised a legitimate job opportunity abroad, only to be trapped in a high-security compound and coerced into online fraud under constant surveillance and threats.
“I was promised opportunity and a better life,” the survivor said. “Instead, I lived in fear and was forced to do things against my will. I am speaking out so other Nigerians can recognise the warning signs. No one should go through what we endured.”
Stakeholders at the forum called for intensified public awareness campaigns, tighter scrutiny of overseas recruitment channels, enhanced intelligence-sharing among Commonwealth partners and stronger victim-protection frameworks.
As cyber-enabled trafficking networks expand across borders, Nigerian and UK authorities signalled that survivor-led advocacy will remain central to dismantling scam syndicates and preventing further exploitation.
NAPTIP, UK Government Rally Against Rising Trafficking into Southeast Asia Scam Centres
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