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
Nigeria, UNESCO Launch World’s First Media and Information Literacy Institute in Abuja
Nigeria, UNESCO Launch World’s First Media and Information Literacy Institute in Abuja
By: Michael Mike
Nigeria has taken a significant step onto the global stage with the launch of the world’s first International Media and Information Literacy Institute (IMILI), a landmark initiative developed in partnership with United Nations Educational, Scientific and Cultural Organisation (UNESCO).
The institute was officially unveiled on Wednesday in Abuja by the Federal Ministry of Information and National Orientation, positioning Nigeria at the forefront of global efforts to strengthen media literacy, combat misinformation, and promote critical thinking in an increasingly complex digital age.

The establishment of IMILI marks a historic milestone not just for Nigeria, but for Africa and the international community, as it becomes the first UNESCO Category 2 Institute globally dedicated solely to Media and Information Literacy (MIL).
Speaking at the launch, UNESCO Assistant Director-General for Communication and Information, Mariya Gabriel, described the institute as a timely and transformative response to one of the defining challenges of the modern era — ensuring that access to information translates into informed, responsible, and empowered societies.

“In a world where the volume of information continues to grow exponentially, the ability to distinguish between reliable and misleading content has become essential,” she said.
IMILI is expected to serve as a global hub for research, innovation, and capacity development in media literacy. It will provide training for educators, policymakers, media professionals, and young people, equipping them with tools to critically engage with information, counter misinformation, and actively participate in democratic processes.
The institute will also support curriculum development, foster international collaboration, and connect Nigeria to a global network of expertise, reinforcing Media and Information Literacy as a universal public good.
UNESCO commended the leadership of President Bola Ahmed Tinubu for his vision and commitment in bringing the initiative to fruition. It also acknowledged the pivotal role played by the Minister of Information and National Orientation, Mohammed Idris Malagi, whose strategic leadership was described as instrumental in advancing the media literacy agenda in Nigeria.
The organisation further recognised contributions from key stakeholders, including the Nigerian National Commission for UNESCO, the UNESCO Abuja Office, and Nigeria’s Permanent Delegation to UNESCO, whose collaborative efforts ensured the successful establishment of the institute.
By hosting IMILI, Nigeria is sending a strong signal that Africa is not only responding to the challenges of the digital age but is actively shaping global solutions. With its vibrant media landscape, youthful population, and expanding digital ecosystem, the country is seen as uniquely positioned to lead this transformative agenda.
Beyond its institutional significance, the launch of IMILI represents a broader commitment to empowering citizens — not just to access information, but to understand, question, and use it responsibly.
As the institute begins operations, it is expected to serve as a catalyst for strengthening trust, promoting informed decision-making, and advancing democratic values across Nigeria, Africa, and the wider world.
Nigeria, UNESCO Launch World’s First Media and Information Literacy Institute in Abuja
National News
China Hands Over Landmark ECOWAS Headquarters in Abuja, as Leaders Call for Stronger West African Unity
China Hands Over Landmark ECOWAS Headquarters in Abuja, as Leaders Call for Stronger West African Unity
By: Michael Mike
The Government of China on Tuesday officially handed over the newly constructed headquarters complex of the Economic Community of West African States in Abuja, in a ceremony marked by strong appeals for unity, deeper integration, and renewed commitment to regional cooperation across West Africa.
The event brought together senior government officials, diplomats, and regional leaders, with speakers consistently framing the project as more than infrastructure—describing it as a strategic symbol of partnership, vision, and collective ambition for the sub-region.
President of the ECOWAS Commission, Omar Alieu Touray, described the occasion as a historic milestone, noting that it coincides with the bloc’s 50th anniversary.
“Today marks an important day for ECOWAS and we should all be glad to be witnesses to this momentous occasion marking the official handover of the New ECOWAS Headquarters Complex to the Commission,” he said, adding that the development comes at an opportune time in the organisation’s integration journey.

Touray clarified that the ceremony represents the completion and handover of the building, while the formal inauguration will take place later in the year. The commissioning is expected to be led by Sierra Leone’s President, Julius Maada Bio, in his capacity as Chairman of the ECOWAS Authority, alongside Nigeria’s President, Bola Ahmed Tinubu, and other heads of state.
Reflecting on the project’s origins, he recalled that the groundbreaking took place in October 2023 with funding support from China amounting to approximately $56.57 million.

“As you may recall, back in October 2023, we convened here for the groundbreaking ceremony of this complex… Today, two years after that initiation, we are gathered for the handover ceremony of this remarkable building,” he said.
Touray commended the speed and quality of delivery, noting: “Considering the time usually taken to complete infrastructure projects of this magnitude and complexity, the completion of this ECOWAS Headquarters Complex within two years is highly commendable and we should all applaud our Chinese brothers and sisters.”
He also extended appreciation to Chinese President Xi Jinping, represented by Ambassador Yu Dunhai, for what he described as a generous contribution to regional development, while acknowledging China’s broader support for ECOWAS peace and security operations, including assistance to the ECOWAS Standby Force.
Touray further thanked Nigerian authorities, including the FCT Minister Nyesom Wike, for their support in facilitating the successful execution of the project.
Chinese Ambassador Yu Dunhai, in his remarks, described the headquarters as a flagship project and a symbol of enduring China-Africa cooperation.
“This headquarter building stands as a milestone—it is China’s flagship aid project for ECOWAS and another headquarters for an international organization,” he said, comparing it to other major Chinese-supported institutional projects on the continent.
Affectionately called the “Eye of West Africa,” the ambassador said the structure was completed after “more than 1,200 days and nights of meticulous craftsmanship,” blending Chinese engineering expertise with West African cultural identity.
“The building harmonizes the excellence of Chinese architectural technique with the unique culture of West Africa,” he said, adding that it will strengthen ECOWAS’ operational capacity and serve as a platform for regional development.
Yu also situated the project within broader diplomatic context, noting that this year marks 70 years of China-Africa relations. He said China continues to support African modernization through initiatives such as the “Ten Partnership Actions,” expanded South-South cooperation frameworks, and zero-tariff access for African exports.
“We remain committed to a demand-driven approach that respects African autonomy and sovereignty, translating our support into tangible actions for Africa’s revitalization,” he said.
He reaffirmed China’s support for ECOWAS and praised its role in regional peace and integration, while also acknowledging Nigeria’s leadership in the partnership.
For Nigeria, the host nation, the project carries deep symbolic weight.
Minister of the Federal Capital Territory, Nyesom Wike, said the occasion represented far more than a physical handover.

“Today is not just about the handover of a building. Today marks the handover of a vision. A vision of partnership. A vision of regional solidarity. A vision of a West Africa that is prepared to build the institutions that will carry its future,” he said.
Wike described the headquarters as “more than concrete, steel, and glass,” calling it “a statement that cooperation still matters” and proof that diplomacy can still deliver tangible results.
He emphasized Abuja’s status as a diplomatic hub, noting: “Abuja is not only the seat of government; Abuja is the diplomatic capital of this nation, a meeting point of nations.”
He added: “Great institutions deserve worthy homes,” describing ECOWAS as a key expression of regional identity and hope.
Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu, also framed the handover as a historic and symbolic moment.
“It is with profound honour and a deep sense of history that I stand before you today,” she said, describing the event as more than the commissioning of a building, but “the consolidation of a vision, a reaffirmation of unity, and a renewed commitment to peace and sustainable development.”
She highlighted ECOWAS’ role since 1975 in conflict prevention, peacekeeping, economic integration, and governance, stressing that the new headquarters would enhance institutional efficiency and coordination.
“This new Headquarters therefore symbolizes more than administrative convenience. It is a strategic asset that will enhance institutional effectiveness… and reinforce the capacity of the Commission to respond to emerging regional and global challenges,” she said.
Odumegwu-Ojukwu praised President Tinubu’s leadership in advancing regional integration and commended China for what she called a “remarkable gesture of goodwill,” adding that the project reflects “mutual respect, shared prosperity, and South-South cooperation.”
She also issued a strong call to member states:
“At a time when our region is confronted with complex challenges… our unity is not optional, it is imperative. We must continue to act in concert, speak with one voice.”
Across all speeches, a consistent message emerged: while the new headquarters represents a major infrastructural achievement, its true value will depend on the political unity and collective resolve of West African states.
As the ceremony concluded, leaders underscored that the building is not an end in itself, but a platform for the next phase of regional integration—one defined not by construction, but by cooperation.
China Hands Over Landmark ECOWAS Headquarters in Abuja, as Leaders Call for Stronger West African Unity
National News
NDLEA, Customs Forge Alliance to Tackle Drug Trafficking
NDLEA, Customs Forge Alliance to Tackle Drug Trafficking
By: Michael Mike
The National Drug Law Enforcement Agency (NDLEA) and the Nigeria Customs Service (NCS) have formalized a strategic partnership aimed at strengthening border security and combating drug trafficking across Nigeria.
The agreement was reached during a high-level meeting at the NDLEA headquarters in Abuja on Monday, where a joint communiqué was signed by NDLEA Chairman, Buba Marwa, and the Comptroller-General of Customs, Bashir Adewale Adeniyi.

Both agencies acknowledged the growing sophistication of transnational organized crime, stressing that a coordinated institutional response is essential to effectively disrupt illicit drug networks.
Under the new framework, NDLEA and Customs will enhance intelligence sharing through a secure and structured platform designed to enable early detection and prevention of criminal activities. The collaboration will also see the deployment of joint task forces at key operational points, including seaports, airports, and land borders.
The agreement further seeks to eliminate operational overlaps and reduce inter-agency friction by clearly defining roles and respecting each agency’s legal mandate. A Standing Inter-Agency Committee will also be established to promptly address disputes and ensure smooth coordination.
Speaking on the development, both Marwa and Adeniyi emphasized that the partnership represents a critical step toward strengthening Nigeria’s security architecture while maintaining the efficiency of legitimate trade operations.

They reiterated their commitment to professionalism, mutual respect, and national interest, noting that aligning the capabilities of both agencies would create a more effective barrier against the trafficking of illicit substances.
The collaboration is expected to significantly boost enforcement efficiency at Nigeria’s entry and exit points, reinforcing ongoing efforts to curb drug-related crimes and safeguard public safety.
NDLEA, Customs Forge Alliance to Tackle Drug Trafficking
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