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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 Turns to Its Global Medical Army as Tinubu, NiDCOM Launch New Drive to Rescue Healthcare Sector
Nigeria Turns to Its Global Medical Army as Tinubu, NiDCOM Launch New Drive to Rescue Healthcare Sector
…Diaspora doctors to power national health renewal as FG creates framework for investment, telemedicine, knowledge transfer
By: Michael Mike
Nigeria has begun a major push to transform its healthcare system by tapping into the expertise of millions of its citizens abroad, with President Bola Ahmed Tinubu declaring that the country’s diaspora community holds the key to unlocking a new era of medical development.
At the centre of the new strategy is the Diaspora Healthcare Impact Initiative (DHII), a programme designed to mobilise Nigerian doctors, nurses, researchers and healthcare professionals across the world to support hospitals, train local practitioners, deliver specialist services and invest in Nigeria’s health infrastructure.
The announcement was made on Friday at the 2026 National Diaspora Day celebration held at the Presidential Villa, Abuja, where the President described Nigerians abroad as “one of Nigeria’s greatest assets” and declared that their expertise must become a critical component of national development.
The celebration, themed “Harnessing Global Diaspora Medical Expertise to Strengthen Local Health Systems for National Development,” attracted Nigerian professionals and diaspora leaders from across continents, including doctors, academics, entrepreneurs, investors, diplomats and representatives of medical associations in Europe, North America, Australia and Africa.
Tinubu, who was represented by the Secretary to the Government of the Federation, Senator George Akume, said Nigeria’s diaspora population represented a reservoir of knowledge, innovation and professional excellence that must be strategically connected to national priorities.
“Our diaspora is one of Nigeria’s greatest assets. Across continents, Nigerian professionals have excelled in medicine, science, technology and innovation. They have built reputations as some of the finest doctors, researchers and healthcare leaders in the world,” the President said.
He added that beyond personal achievements abroad, Nigerians in the diaspora remained deeply connected to their homeland through expertise, networks, investments and commitment to national progress.
From Brain Drain to Brain Gain
For decades, Nigeria has faced the challenge of losing skilled professionals, particularly medical workers, to opportunities abroad. However, the Federal Government is now seeking to transform that narrative by creating pathways for Nigerians overseas to contribute their skills without abandoning their global careers.
Tinubu announced that the government would establish a permanent framework to institutionalise the Diaspora Healthcare Impact Initiative, coordinate contributions, provide incentives for professionals willing to return or invest, and ensure that interventions produce measurable national impact.
The President said the initiative would focus on expanding diaspora medical missions across Nigeria, establishing knowledge-transfer partnerships between diaspora experts and Nigerian universities and teaching hospitals, deploying telemedicine platforms to connect specialists abroad with patients and practitioners at home, encouraging diaspora investment in hospitals, pharmaceutical industries and research centres, and strengthening the capacity of the Nigerians in Diaspora Commission (NiDCOM) to coordinate engagements.
“Whether you are a surgeon in London, a researcher in Boston, a laboratory scientist in China or a nurse in Johannesburg, your skills are vital to building a resilient, inclusive and world-class healthcare system in Nigeria,” Tinubu told Nigerians abroad.
20 States Benefit From Diaspora Medical Missions
Chairman/CEO of NiDCOM, Hon. Abike Dabiri-Erewa, said the DHII had already moved beyond policy discussions into practical interventions, with diaspora medical professionals supporting healthcare delivery in more than 20 states.
She disclosed that Nigerian doctors abroad have conducted specialist medical missions, provided telemedicine services, trained local healthcare personnel and donated medical equipment worth billions of naira.
The programme adopted a zonal approach, with diaspora medical organisations leading interventions based on regional health needs.
In the North Central, the Canadian Association of Nigerian Physicians and Dentists (CANPAD) and Nigerian Medical Association Germany are supporting health systems strengthening and primary healthcare development in the Federal Capital Territory and Nasarawa State.
In the North-West, the Medical Association of Nigerians Across Great Britain (MANSAG-UK) is focusing on maternal, newborn and child health, obstetrics and neonatal care in Kano, Kaduna and Sokoto.
The Concerned Medics Foundation is supporting sickle cell screening and management in Borno State, while the Association of Nigerian Physicians in the Americas (ANPA) is delivering emergency life support, dental and eye surgeries, paediatrics and chronic disease management in the South-East.
Other interventions include gynaecological services in the South-South through the Nigerian-Australian Medical and Dental Association and advanced procedures including neurosurgery, interventional radiology and gastro-endoscopy in Lagos through the Nigerian Doctors Forum, South Africa.
Diaspora Economy Hits $21.8bn
Beyond healthcare, the Federal Government highlighted the growing economic importance of Nigerians abroad, with diaspora remittances estimated at about $21.8 billion annually.
The Minister of State for Foreign Affairs, Amb. Sola Enikanolaiye, who addressed the gathering, said the figure demonstrated that Nigerians abroad were not a burden but a strategic asset for national development.
He said Nigeria’s foreign policy under the current administration places citizens at the centre through the 4D framework of Democracy, Development, Demography and Diaspora, stressing that diaspora engagement remained a major pillar.
According to him, Nigerians abroad contribute far beyond remittances through knowledge transfer, innovation, philanthropy, technology exchange, professional networks and global partnerships.
“The Ministry of Foreign Affairs does not consider our diaspora population as a burden or a basket case of consular responsibility always in need of assistance. Government recognises the diaspora as one of the nation’s most strategic assets,” he said.
He noted that remittances from Nigerians abroad were higher than official development assistance received by Nigeria from donor countries combined, but stressed the need for stronger mechanisms to channel more diaspora resources into productive sectors.
Migration Should Be Seen as Talent Circulation
The Minister also challenged negative perceptions around migration, arguing that Nigerians living abroad represent a form of global talent circulation rather than national loss.
“Migration should not be criminalised, it should not be weaponised or demonised,” he said.
“It is a win-win situation. It is talent circulation—brain gain rather than brain loss.”
He said Nigerians overseas contribute significantly to their host countries while also creating value for Nigeria through investments, skills transfer and international connections.
He urged Nigerians abroad to continue projecting the positive image of the country, noting that the actions of a tiny minority should not define millions of responsible citizens.
“The less than one per cent of Nigerians that sometimes misbehave—the whole world now uses a broad brush to paint every Nigerian. We must engender that narrative,” he said.
Seven Years of Diaspora Transformation
Dabiri-Erewa said NiDCOM had moved from policy formulation to measurable impact since its establishment in 2019.
She highlighted the approval of the National Diaspora Policy in 2021, creation of State Diaspora Focal Point Officers, development of a national diaspora database and partnerships with government agencies and international organisations as major milestones.
She disclosed that NiDCOM, in collaboration with the National Identity Management Commission, is building a database of Nigerian professionals abroad, including doctors, engineers, academics, scientists and creatives.
The Commission has also strengthened education and technology partnerships, including collaborations with institutions in Silicon Valley to train young Nigerians in emerging technologies.
New Investment Frontiers
NiDCOM announced new efforts to deepen diaspora investment, including the Nigeria-Saudi Investment and Tourism Summit scheduled for Abuja in August and the Nigeria Diaspora Economic Conference holding in Toronto, Canada.
The Commission is also partnering with the Federal Mortgage Bank of Nigeria to launch a diaspora mortgage scheme in the United Kingdom.
Looking ahead, Dabiri-Erewa announced plans for a Diaspora Investment Fund, a National Diaspora Health Corps capable of engaging 1,000 diaspora health professionals annually, and continued advocacy for diaspora voting rights.
Unity Message to Nigerians Abroad
The Minister urged Nigerians in the diaspora to remain united and place national interest above ethnic and regional differences.
“Your focus and priority should be Nigeria and the Nigerian people, regardless of your tribe or state,” he said.
“Unity is key. Unity is key.”
As the Federal Government moves to reposition diaspora engagement, the message from Abuja was clear: Nigerians abroad are no longer viewed merely as sources of remittances but as critical partners in healthcare renewal, economic transformation, innovation and global diplomacy.
For President Tinubu and NiDCOM, the future of national development will depend not only on the talents within Nigeria’s borders, but also on the millions of Nigerians building expertise, influence and networks across the world.
Nigeria Turns to Its Global Medical Army as Tinubu, NiDCOM Launch New Drive to Rescue Healthcare Sector
National News
Mandela Day: NHRC, Partners Secure Release of 11 Inmates, Push Humane Reforms at Suleja Correctional Centre
Mandela Day: NHRC, Partners Secure Release of 11 Inmates, Push Humane Reforms at Suleja Correctional Centre
By: Michael Mike
The National Human Rights Commission (NHRC), in partnership with Hope Behind Bars Africa and other stakeholders, has facilitated the release of 11 indigent inmates from the Suleja Medium Security Custodial Centre in Niger State as part of activities commemorating the 2026 Nelson Mandela Day.
The intervention, which involved the payment of fines ranging between N800,000 and N900,000, also included the donation of essential hygiene materials to inmates and sensitisation of correctional officers on international standards guiding the treatment of persons deprived of liberty.
The initiative, according to the organisers, was aimed at promoting the ideals of the late South African leader, Nelson Mandela, whose life remains a global symbol of the fight for justice, equality, dignity and human rights.
Speaking at the event, the Executive Secretary of the NHRC, Dr Tony Ojukwu, SAN, said Mandela Day was an opportunity to remind society that justice, dignity and compassion must extend to everyone, including persons in custodial facilities.
Represented by his Special Assistant and Head of the Commission’s Monitoring Department, Dr Benedict Agu, Ojukwu said the United Nations General Assembly’s decision in 2015 to expand the focus of Mandela Day was to draw attention to humane conditions of imprisonment, recognition of prisoners as continuing members of society and the crucial role of correctional officers as providers of an important social service.
He said the adoption of the United Nations Standard Minimum Rules for the Treatment of Prisoners as the Nelson Mandela Rules remained a fitting tribute to a man who spent 27 years behind bars in pursuit of freedom and justice.
“Today’s commemoration is not about the calendar but about the principles Mandela stood for. For us, it is not just a memorial but a reaffirmation of a life lived for the human person, for the values of human dignity and for the principles of freedom,” Ojukwu stated.
He noted that the theme of Mandela Day 2026, “It’s Still in Our Hands to Combat Poverty and Inequity,” strongly aligns with the realities encountered by the Commission in its human rights work.
According to him, poverty remains one of the underlying factors contributing to crime and prolonged detention, particularly among inmates unable to pay court-imposed fines.
“Most crimes that bring people into custody are often rooted in poverty, and when you look at the fines that continue to keep low-risk inmates behind bars, you can see how poverty and inequity sustain overcrowding in our correctional facilities,” he said.
Ojukwu stressed that the theme must challenge governments, institutions and citizens to address inequality through reforms in policies, laws and practical interventions.
He explained that the Commission had moved beyond monitoring detention facilities and making recommendations by actively supporting vulnerable inmates through payment of fines, welfare assistance and programmes designed to encourage rehabilitation and reintegration.
“For people of means, it is an invitation to join hands in supporting these efforts, so that custodial centres are not overwhelmed and society can benefit from the values and contributions of rehabilitated inmates because they still have something to offer,” he said.
Recalling the Commission’s Mandela Day intervention in 2025, Ojukwu said the NHRC facilitated the release of four indigent inmates at the Suleja facility, donated essential welfare materials and sensitised correctional officers on the Mandela Rules and Bangkok Rules.
He added that the Commission was continuing in that direction by supporting the release of more low-risk inmates, stressing that those in custody remained members of society deserving opportunities to rebuild their lives.
“By these actions we are simply saying that those in custody remain part of our society and deserve opportunities to rebuild their lives. Custody must be a turning point, leading to correction and ultimately reintegration,” he said.
Also speaking, the Executive Director of Hope Behind Bars Africa, Pauline Oloreomi, said justice should not be perceived only as punishment but as a pathway towards reform, rehabilitation and restoration.
Oloreomi highlighted the need to pay greater attention to the specific challenges faced by women in custodial centres, including access to healthcare, protection of dignity during searches and increased adoption of non-custodial measures for pregnant women and nursing mothers.
While acknowledging that legal frameworks exist to protect female inmates, she noted that implementation remained a major challenge and called for stronger collaboration among stakeholders to improve conditions in correctional facilities.
The Programme Supervisor of Hope Behind Bars Africa, Hassan Nurudeen, said the organisation’s work focuses on access to justice, human rights protection, education and rehabilitation as part of efforts to reduce repeat offending.
He explained that the organisation collaborates with correctional centres nationwide to provide vocational training and educational opportunities, including the establishment of a National Open University of Nigeria study centre at the Keffi custodial facility.
Nurudeen disclosed that Hope Behind Bars Africa paid fines for four inmates at Suleja amounting to N400,000, while the NHRC facilitated the release of seven others.
In a goodwill message, the Executive Director of Shamies Unusual Heart Foundation, Dr Sera Abdul, said Mandela’s life demonstrated that no individual should be defined by their lowest moment.
Represented by the foundation’s Programme Officer, Shedrack Okah, Abdul said correctional facilities should not be viewed as the end of a person’s journey but as places where hope could be restored, dignity protected and lives transformed through compassion, education, skills acquisition and second chances.
She stressed that government alone could not address the complex challenges facing Nigeria’s correctional system, including overcrowding, limited resources, rehabilitation gaps and reintegration difficulties.
“Private and civil society partners bring innovation, community trust, specialised expertise and additional resources,” she said, urging continued collaboration between government institutions and non-state actors.
She encouraged inmates at the Suleja facility to take advantage of available opportunities, including education, vocational training, agriculture and counselling, to prepare themselves for productive reintegration into society.
The Officer in Charge of Suleja Correctional Centre, Sunday Ejeh, urged inmates to draw inspiration from Mandela’s journey, noting that the former prisoner rose to become President of South Africa after decades of struggle.
He said Mandela’s story should remind inmates that their current circumstances do not determine their future and that they can still become responsible and productive members of society after serving their sentences.
The NHRC and its partners said the Mandela Day intervention represents a broader commitment to transforming Nigeria’s correctional system from one focused primarily on punishment to a model centred on rehabilitation, dignity, justice and successful reintegration.
Mandela Day: NHRC, Partners Secure Release of 11 Inmates, Push Humane Reforms at Suleja Correctional Centre
National News
Tinubu commends Buni over successful primaries in Yobe
Tinubu commends Buni over successful primaries in Yobe
By: Yahaya Wakili
The President of the Federal Republic of Nigeria, President Ahmed Bola Tinubu GCFR, has commended Governor Mai Mala Buni CON of Yobe State and other stakeholders of the party for the successful primary election that produced Alhaji Baba Mallam Wali MNI as the party’s governorship candidate.
The President gave the commendation when he received Governor Buni and the APC gubernatorial candidate, Alhaji Baba Mallam Wali, MNI, at Aso Villa, Abuja.
President Tinubu expressed appreciation for the healthy political developments in Yobe State ahead of the forthcoming general elections.
The President described Governor Mai Mala Buni, CON, as a political strategist with invaluable strategies that have consistently contributed to the success of the All Progressives Congress (APC) and remain a worthy treasure for the party.
According to the president, “With Governor Buni at the helm of affairs, I have no doubt that Yobe State will always be delivered to the party.
“Yobe State is blessed to have a seasoned bureaucrat with a huge wealth of experience who has consistently been part of the system as the governorship candidate of the party,” President Tinubu said.
He said, “I am sure you will bring your wealth of experience to continue with the legacies of the Buni administration to add to the achievements in education, healthcare, road infrastructure, agriculture empowerment, and the rest,” President Tinubu told Baba Mallam Wali.
Governor Mai Mala Buni further described the candidate as fully prepared for the job and noted that he has been part of the system for a long time, and it will be continuity without wasting time.
He expressed the appreciation of the government and people of Yobe State for the support extended by the Tinubu-led federal government to the state to improve the lives of the people.
Tinubu commends Buni over successful primaries in Yobe
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