Tag: Shettima

  • VP Shettima optimistic of Okpebholo’s ability to transform Edo

    VP Shettima optimistic of Okpebholo’s ability to transform Edo

    Vice President Kashim Shettima says he is optimistic about the ability of new Governor of Edo, Monday Okpebholo, to transform the state.

    Shettima in his address at the swearing-in ceremony of the governor on Tuesday in Benin, emphasised the significance of the mandate given by the people and the shared vision for a prosperous Edo.

    “The election of Sen. Okpebholo and Deputy Idahosa is not just an individual victory but a powerful endorsement of collective will and a hallmark of democracy,” Shettima said.

    The vice president underscored the importance of shared responsibility in governance, saying the inauguration signified that no individual could dominate the path forward.

    According to Shettim, although leadership brings its share of challenges, it also offers the unique opportunity to drive development and dismantle obstacles that hinder progress.

    He commended the newly elected leaders’ character and determination, asserting that Edo’s choice was an affirmation of integrity and competence.

    “Edo State has chosen leaders with character and a record of results.

    “Senator Okpebholo and his Deputy Idahosa embody a commitment to overcome inherited challenges not with fear but with courage and a focus on the common good for all Edo people, supporters and opponents alike,” he said.

    Shettima stated that the incoming administration was poised to enact meaningful changes and build a resilient economy that aligned with aspirations of the people.

    The vice president also addressed the economic landscape, justifying the current economic reforms of President Bola Tinubu.

    Read Also: Shettima, others grace inauguration of Okpebholo as Edo Governor

    According to him, the reforms are meant to enhance Nigeria’s fiscal and monetary stability.

    “We have embarked on these reforms with the goal of creating a strong foundation for new opportunities. Only leaders of integrity can fully harness these reforms for the country’s benefit,’’ Shettima said.

    He applauded Okpebholo’s commitment to transforming Edo into a state where jobs would be  abundant, education was accessible, healthcare was within reach, and a rebut infrastructure.

    The vice president expressed pride in the leaders chosen by Edo’s citizens and urged them to remain steadfast in their dedication to serving the people.

    (NAN)

  • Tinubu’s trade policy yielding result as trade balance hit N6.5trn – Shettima

    Tinubu’s trade policy yielding result as trade balance hit N6.5trn – Shettima

    Vice-President Kashim Shettima says the Federal Government’s ongoing efforts to strengthen the country’s trade sector is showing promising results, as Nigeria recorded N6.5 trillion trade balance in second quarter of 2024.

    Shettima, represented by George Akume, Secretary to the Government of the Federation (SGF), said this at the 3rd National Conference on Non-oil Export on Tuesday in Abuja.

    The News Agency of Nigeria (NAN) reports that the conference was organised by the Nigerian Export Promotion Council (NEPC).

    The theme of the conference was, “Promoting Non-Oil Export for Rapid National Economic Growth”.

    The vice-president, said that the recently implemented trade policy aimed to increase the non-oil sector’s contribution to Gross Domestic Product (GDP) and enhance Nigeria’s position in global trade.

    “For Nigeria to improve its balance of trade, there is a need to ensure the effective implementation of the country’s trade policy.

    “With the policy, we intend to substantially increase the contribution of the trade sector to GDP and increase Nigeria’s share of global trade.

    “It is encouraging to state here that the country’s total external trade recorded a favorable trade balance of N6.5 trillion in the second quarter of 2024,” he said.

    According to him, exports accounted for 60.89 per cent of total trade, which amounted to N19.42 trillion.

    He said that it represented a marginal increase of 1.31 per cent compared to N19.17 trillion in the first quarter, and a 201.76 per cent rise over N6.44 trillion in the second quarter of 2023.

    Shettima expressed the government’s commitment to diversifying the economy and reducing its dependence on oil.

    He also reiterated the commitment to streamlining regulatory frameworks to improve the ease of doing business for Micro, Small, and Medium Enterprises (MSMEs).

    According to him, removing obstacles to trade is key to empowering small businesses and strengthening Nigeria’s position in the global market.

    While reiterating the importance for Nigeria to seize the opportunities provided by the African Continental Free Trade Agreement (AfCFTA), Shettima cautioned against the country being a dumping ground.

    He called for action form both public and private sectors to address challenges in maximising Nigeria’s trade potential.

    Earlier, the Executive Director of NEPC, Mrs Nonye Ayeni, attributed the growth of Nigeria’s non-oil export earnings to the policy strides of President Tinubu.

    According to Ayeni, the country’s non-oil export earnings increased by 6.26 per cent in the first half of 2024, reaching a total of 2.7 billion dollars.

    “Under the Renewed Hope Agenda of President Bola Tinubu, significant strides have been made towards diversifying the Nigerian economy away from oil.

    “This is reflected in the 6.26 per cent increase in Nigeria’s non-oil export earnings, which amounts to 2.7 billion dollars in the first half of 2024,” Ayeni said.

    She said the growth was made possible by the concerted efforts of various stakeholders, the NEPC, and the administration’s commitment to driving industrialisation, digitisation, and manufacturing as part of its broader economic reform agenda.

    She also highlighted the NEPC’s flagship initiative, “Operation Double Your Export”, which aimed to significantly increase Nigeria’s non-oil exports by promoting key sectors such as agriculture, solid minerals, and manufactured goods.

    The NEPC boss said that the country’s vast resources, both human and natural, had immense potential to contribute to Nigeria’s economic growth through non-oil exports.

    According to her, through targeted initiatives and collaboration with stakeholders, Nigeria can unlock these opportunities to build a more resilient and diversified economy.

    “Through such initiatives, we are not only increasing exports but also creating jobs, boosting innovation, and ensuring sustainable economic growth.

    Read Also: Shettima, others grace inauguration of Okpebholo as Edo Governor

    “The NEPC has also introduced various programmes aimed at improving Nigeria’s competitiveness in global markets.

    “These include export certification for Nigerian businesses, the establishment of domestic export warehouses to ease logistics challenges, and efforts to reduce the volume of export rejects,” she said.

    NAN reports that the the conference, which was focused on exploring opportunities for expanding Nigeria’s non-oil export base, brought together policymakers, industry leaders, and export stakeholders.

    It aims to provide a platform for stakeholders to discuss challenges and opportunities within the non-oil export sector, and chart a path toward further diversification of Nigeria’s economy.

    (NAN)

  • Shettima, others grace inauguration of Okpebholo as Edo Governor

    Shettima, others grace inauguration of Okpebholo as Edo Governor

    Vice President Kashim Shettima on Tuesday led the Federal Government delegation to grace the inauguration of Sen. Monday Okpebholo as the fifth democratically elected governor of Edo.

    Shettima was joined by governors across the country, who were elected on the platform of the All Progressives Congress (APC).

    The APC governors include  Sanwo-Olu of Lagos, Dapo Abiodun of Ogun, Hope Uzodinma of Imo, and Ahmad Aliyu of Sokoto, among others.

    The National Chairman of the APC, Dr Umar Ganduje and his predecessor, now Sen. Adams Oshiomhole were also part of the ceremony, at the Samuel Ogbemudia Stadium, Benin.

    Amidst heavy crowd and security presence, Okpebholo, accompanied by his two daughters, took the oath of office and allegiance at 1:00p.m administered by the Chief Judge of the state, Justice Daniel Okungbowa.

    Read Also: BREAKING: Okpebholo, Idahosa sworn-in as Edo Governor, Deputy

    Earlier, Dennis Idahosa, accompanied by his wife, had mounted the podium to take the oath as the Deputy Governor of the state.

    The governor later went ahead to inspect the guard of honour as well as parade by the officers and men of the Nigeria Police.

    (NAN)

  • Shettima calls for selfless leadership, legacy-building at mosque commissioning

    Shettima calls for selfless leadership, legacy-building at mosque commissioning

    • Commissions Mosque in Ogbomoso, warns against selfishness

    Vice President Kashim Shettima has urged Nigerians, particularly leaders, to prioritize community service and legacy-building over personal gain. 

    He urged Nigerians to prioritise spiritual obligations and community service over personal interests in an era where people are becoming more individualistic and giving less premium to God.

    Speaking on Friday during the inauguration of the Ibapon Central Mosque in Ogbomoso, Oyo State, the Vice President expressed worry about the shifting societal values in contemporary Nigeria.

    In a statement issued by his spokesman, Stanley Nkwocha, the Vice President said “today, the world is unfortunately marked by a mindset that values self-interest over selflessness, and many see giving back or even engaging in spiritual obligations as burdens or distractions,” VP Shettima said.

    Read Also: Caging NPFL’s monsters

    According to him, the Mosque, a multi-million naira project built by Senator Abdulfatai Omotayo Buhari representing Oyo North Senatorial District, is a “gift for generations” that stands in stark contrast to prevailing materialistic trends.

    “Every second of our lives is a reminder of our impermanence, and the brevity of life underscores the urgency of filling our days with deeds that matter in the hereafter,” the VP added.

    VP Shettima lauded the project, describing it as an example of Sadaqah Jariyah (continuous charity), noting that such initiatives represent the kind of legacy-building that society desperately needs.

     “This is a legacy, a bridge between this world and the next, grounded in kindness and devotion,” he stated.

    In a pointed message to political leaders and wealthy Nigerians, Shettima questioned the lasting impact of material accumulation: “We must ask ourselves—what remains when this race ends? In the end, all that endures are the records of our selfless deeds, our adherence to our faith, and our acts of charity.”

    The new religious edifice is expected to serve as a major spiritual centre for Muslims in Ogbomoso and surrounding communities, with the Vice President expressing hope that it will “be a source of spiritual strength and inspiration for this community and beyond.”

    Earlier, Deputy President of the Senate, Senator Barau Jibrin, also eulogised Senator Buhari, saying the Mosque project was not just a service to the Muslim Ummah but to humanity at large.

    “My prayer is that God reward you with Al-Jannatul Firdaus. You are an epitome of good character and someone who is always at the forefront of service to this country and humanity at large,” he said.

    On his part, Oyo State Deputy Governor, Barr. Abdul-Raheem Adebayo Lawal, said the immediate family of Senator Buhari would be proud to have someone who makes them very proud all the time.

    “On behalf of the Governor of Oyo State, we appreciate the Vice President for coming to our state,” he said.

    He said the Mosque project is not just a physical building but a spiritual exercise in which the reward extends beyond one’s earthly life.

     “It is also a means of spiritual purification and unity, fostering the unity of Nigeria because whenever we worship, we call for the unity and peace of Nigeria,” he added.

    Responding, Senator Buhari said it was indeed an honour and a dream come true for him to have completed the Mosque project.

    He specifically thanked the Vice President, the governors of Oyo and Kwara States, members of the National Assembly, and community members who contributed to the success of the worship centre.

     There was also a welcome address by the Aare Musulumi of Ogbomosoland and the turbaning of two Imams for the newly commissioned Mosque.

    Other officials at the event included the Governor of Kwara State, Alhaji AbdulRahman AbdulRazaq; the Soun of Ogbomoso Land, Oba Afolabi Ghandi Olaoye, state government officials and traditional rulers.

  • Shun violence, embrace positive change, Shettima urges released minors

    Shun violence, embrace positive change, Shettima urges released minors

    Vice President Kashim Shettima has called on rminors detained for participating in last August’s protest to reject violence and work towards building responsible futures. 

    Speaking at the State House Auditorium, Shettima emphasised that President Bola Tinubu’s directive to release them despite evidence of involvement in the unrest presented them with an opportunity to choose better paths.

    “The President and Commander-in-Chief of the armed forces of the Federal Republic of Nigeria, Bola Tinubu, instructed the release of the suspect on humanitarian grounds, despite incontrovertible digital video and photographic evidence of the perpetration and actions, some of which were uploaded by the actors themselves,” Shettima said. 

    He urged the youths to avoid being drawn into destructive acts that harm both public and private property, citing an economic loss of N300 billion from the protests, mostly from private sector damage.

    Shettima underscored Tinubu’s role as a “father of the nation,” offering the young protesters another chance to “become responsible citizens who will make a positive impact in a drive for a better Nigeria.” 

    He advised them, “I would like to admonish you, young men, not allow yourselves to be used to perpetrate violence and destroy public and private property.”

    Read Also: BREAKING: Tinubu released minors on compassionate ground – Shettima

    The minors’ release followed Tinubu’s directive to the Attorney General of the Federation and Minister of Justice, for their immediate release, without prejudice to any ongoing legal processes. 

    To the newly released detainees, Shettima extended words of guidance, urging them to use this opportunity to reform: “I will advise you, you are our children, to use the opportunity of the President’s magnanimous gesture in ensuring that you overcome and become responsible citizens who will contribute to the growth of the society.”

    Shettima appealed to governors and other elected officials to support the reintegration of the released youths, emphasizing unity.

    “I will urge our governors and our elected representatives here that cut across the political divide; what binds us together as citizens of the Federal Republic of Nigeria supersedes whatever divides,” he said.

    Kaduna State Governor, Uba Sani, speaking in Hausa, pledged to provide financial support for those interested in starting businesses and scholarships for those continuing their education. 

    “As you all know, you are all our children,” Sani said, sharing his own experience of being detained for activism under military rule. 

    He advised the youths to prioritise their futures and urged caution regarding external influences. 

    “If they ask you to come out and protest, tell them to bring their children first,” he said.

    The released protesters were welcomed by Vice President Shettima on behalf of President Tinubu, after which they were handed over to their respective Governors.

  • Shettima, others reiterate importance of credit economy to Nigerians

    Shettima, others reiterate importance of credit economy to Nigerians

    Vice President Kashim Shettima has stressed the importance of a credit-based economy in an emerging economy like Nigeria, even as he noted that the federal government commitment towards achieving this laudable objective has led to the establishment of different policies and legal frameworks.

    He spoke at the First Inaugural Credit Managers Conference of the National Institute of Credit Administration (NICA), in Lagos, recently.

    Shettima, who recalled that one of the major reforms of President Bola Ahmed Tinubu’s administration is the pursuit of a robust credit culture, said this initiative aims to create an economic environment where individuals and businesses, including the esteemed audience, can easily access loans and credit facilities to support their endeavours.

    “President Tinubu firmly believes that a robust citizens’ enterprise is the engine of a flourishing economy. A functional credit-based economy will combat poverty, significantly reduce dependency, and serve as a potent tool in the fight against corruption. A pivotal part of that policy thrust was his commitment to championing a credit culture to discourage corruption while strengthening the effectiveness and efficiency of various anti-corruption agencies.”

    Specifically, Shettima recalled that this administration has introduced several initiatives, including the establishment of the Presidential Council on Industrial Revitalization, the Nigerian Consumer Credit Corporation (CrediCorp) to remove structural market and policy barriers and accelerate access to consumer credit for 50% of all working Nigerians by 2030.

    Read Also: My unforgettable battle with traditionalists in Ota, by cleric

    Expatiating, he said, “The Consumer Credit Scheme, which serves as the lifeblood of modern economies, enables citizens to enhance their quality of life by accessing goods and services upfront and paying responsibly over time. Our Student Loan Scheme provides millions of Nigerian students a credit lifeline and hope. In all these schemes, the administration has meticulously selected and appointed credible and capable hands with equity and transparency.

    “While striving in transitioning the Nigerian economy to a credit-based economy, the administration is also focused on facilitating inclusive economic growth, financial inclusion and resilience. To that effect, in April 2024, I personally led leaders in the public and private sector to sign the Aso Accord for Economic and Financial Inclusion. The accord signifies a commitment to facilitate partnerships and pathways to drive economic and financial inclusion in Nigeria. For the first time in the history of this country, economic and financial inclusion has been elevated to the agenda of the National Economic Council.”

    Also speaking at the event, Mr. Andy Ojei, President/Chairman of the Governing Council, NICA, said “Credit, as we know, is the lifeblood of modern economies. It powers businesses, finances innovation, and creates opportunities for growth in every sector.”

    Ojei, who acknowledged the efforts of NICA towards driving the credit economy, said there was need for a synergy of cooperation amongst stakeholders including government agencies, financial institutions, businesses, and professional bodies to work hand in hand to create a robust framework for credit management.

    Such collaboration, Ojei stressed, “will enable us to address critical challenges in the credit system, from policy formulation to implementation, credit literacy, and risk management.”

    Speaking earlier, the Registrar/CEO of NICA, Prof. Chris Onalo expounded on the role of the Institute in ensuring credit management, including mortgage credit, consumer credit, bank credit, business-to-business credit, trade credit, and government credit.

    Going down memory lane, Onalo attempted a historical journey back in time sharing the humble beginnings of the Institute.

    “The journey to what is now the National Institute of Credit Administration (NICA), chartered, began in 1992 when I first conceived the idea. I was convinced that credit management held the key to unlocking Nigeria’s economic potential. With our vast natural resources and a growing population, the need for a structured credit economy was clear to me. But turning that vision into reality was not an easy task,” he began.

    Expatiating, the don who is acclaimed as the doyen of credit management in the country, said, “In 2000, I took the first big step and got the “Institute of Credit Administration” (ICA) incorporated, but that was just the beginning. For 12 long years, I faced countless challenges trying to get the Institute formally recognised. My insistence on having the word “Institute” in the name added to the complexity, as I believed it was crucial for us to be at par with international norms. It wasn’t until 2007 that we made our first attempt to secure charter status, and to our disappointment, we didn’t succeed.

    “We tried again in 2011 and 2015, each time facing more roadblocks. There were moments of frustration, moments when I asked myself why this was so difficult. But I knew deep down that good things don’t come easy, and this was not just for me—it was for Nigeria’s future. With each failure, we learned valuable lessons, and in 2019, we approached the 9th National Assembly with renewed determination. Finally, on August 16, 2022, our dream became a reality when former President Muhammadu Buhari signed the NICA Bill into law. After 16 years of perseverance, we were officially chartered.

    “Looking back, I can proudly say that NICA has grown to become the 3rd largest credit management institute in the world and the largest in Africa. Our mission is bigger than ever—to advance credit management as a driver of Nigeria’s economic growth. We have two major goals ahead of us: building a world-class headquarters in Lagos and working with Nigerian universities to make credit administration a recognised course of study.

    “It’s been a long and challenging road, but we are here today, stronger and more determined than ever. And we couldn’t have made it without the support of so many dedicated individuals and institutions. I thank you all and look forward to what the future holds for NICA and Nigeria. In closing, I would like to extend my heartfelt appreciation to our partners, sponsors, and everyone who worked tirelessly to bring this event to life. Your support is invaluable, and it strengthens our collective resolve to advance Nigeria’s credit industry. I encourage all participants to engage deeply in the discussions and collaborations over the next two days. Let us learn from one another and find innovative ways to ensure that credit continues to drive Nigeria’s economic growth, in a manner that is both sustainable and inclusive.”

  • Shettima’s Samoa trip cancelled after damage to plane

    Shettima’s Samoa trip cancelled after damage to plane

    Vice President Kashim Shettima’s trip to Samoa for the 2024 Commonwealth Heads of Government Summit has been cancelled due to damage to his plane during a stopover at JFK Airport in New York.

    This was revealed in a statement on Thursday night by Special Adviser to the President on Information and Strategy, Bayo Onanuga. 

    A foreign object struck the plane, damaging the cockpit windscreen, forcing President Bola Tinubu to swiftly approve a ministerial delegation to represent Nigeria at the summit.

    The delegation, led by Minister of Environment Balarabe Abass Lawal, will represent Nigeria at the Commonwealth Heads of Government Meeting (CHOGM) in Samoa’s capital, Apia. 

    The summit, which began on October 21, will conclude on October 26.

    Vice President Shettima and Foreign Minister Yusuf Tuggar have departed New York for Nigeria while repairs on the damaged plane commences.

    “Vice President Kashim Shettima’s trip to Samoa to represent Nigeria at the 2024 Commonwealth Heads Of Government Summit has been cancelled after a foreign object hit his plane during a stopover at JFK Airport in New York.

    “The foreign object damaged the cockpit windscreen of the plane. 

    President Tinubu, acting promptly, has approved a ministerial delegation to represent Nigeria at the summit in the Samoa capital of Apia while the plane’s repair has commenced.

    “The delegation, which will now represent Nigeria at the 2024 Commonwealth Heads Of Government Meeting (CHOGM) in Samoa, is being led by the Minister of Environment, Balarabe Abass Lawal.

    “The summit began on the Pacific island on 21 October. It will end on 26 October. 

    Vice President Shettima and foreign minister Yusuf Tuggar have left New York for Nigeria,” the statement reads. 

  • Shettima to represent Tinubu at CHOGM 2024 in Samoa

    Shettima to represent Tinubu at CHOGM 2024 in Samoa

    Vice President Kashim Shettima will represent President Bola Ahmed Tinubu at this year’s Commonwealth Heads of Government Meeting (CHOGM) in Apia, Samoa, from October 21 to 26.

    It is the first time CHOGM will be held in the Pacific island nation.

    The Vice President will join King Charles of England and other world leaders from 56 member-countries in the Commonwealth to deliberate on the theme: One Resilient Common Future: Transforming our Common Wealth.

    This year’s meeting will focus on how member-countries could harness their strengths through resilience, unlocking potential, leveraging the ‘Commonwealth Advantage’, and fostering a connected, digital Commonwealth.

    A statement yesterday in Abuja by the Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, Stanley Nkwocha, said Nigeria and other member-countries would also elect and appoint the next Commonwealth Secretary-General.

    In line with the Agreed Memorandum on the Establishment and Functions of the Commonwealth Secretariat (Revised 2022) and the principle of regional rotation, the next Commonwealth Secretary-General will come from Africa.

    The candidates for the role are from Lesotho, Ghana, and The Gambia, while Nigeria will have a major role to play as the largest African member in this regard.

    Read Also: Shettima to represent Tinubu at CHOGM 2024 in Samoa

    Consolidating the progress made at CHOGM 2022, Shettima and other world leaders will deliberate on the global economy, environmental and security challenges, discussing how Commonwealth countries can work together to build resilience, boost trade, innovation, growth, and empower the Commonwealth’s 1.5 billion young people for a more peaceful and sustainable future.

    The Vice President is expected to use the Commonwealth Business Forum to further attract investors to Nigeria, as global experts from businesses and the private sector convene to recommend and champion solutions to global challenges.

    Shettima is also expected to participate in the People’s Forum, the single largest opportunity organised by the Commonwealth Foundation for people to engage with leaders on global development issues.

    He will also engage in bilateral meetings and other executive sessions.

  • At NES-30, it was Tinubu’s ideas in Shettima’s voice

    At NES-30, it was Tinubu’s ideas in Shettima’s voice

    For the Presidency, last week shared similarities with the one before it in a lot of ways. President Bola Ahmed Tinubu was abroad, rounding off his two-week working leave, and like the upper week, his leave did not impede the running of the Nigerian system. He made appearances where it was needed, albeit by proxy, and not any less impactful as it naturally would have been if he had been around in person. A couple of events where he was meant to preside went according to natural flow.

    As things went by, just like the week before, there were a couple of occasions when the President came through, running the show as he usually would do. As he was yet on leave abroad, he did all he had to do to ensure nothing goes amiss, through statements and representations. 

    One occasion of significance during the week was the 30th Nigerian Economic Summit on Monday in Abuja, where the President found a platform to outline his economic vision and at the same time address a critical segment, which holds so much influence and meaning to what he is trying to do with the Nigerian economy; the business, economic and commercial community. Represented by his deputy, Vice President Kashim Shettima, who all along has not failed to provide quality representation since their joint-ticket journey started in July 2022, the President emphasized the need for economic diversification, stability, and growth.

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    According to Tinubu, Nigeria’s growth trajectory has been volatile, heavily dependent on oil revenues and unable to create enough jobs for its rapidly growing population. However, he said his Renewed Hope Agenda aims to change this narrative by prioritizing economic diversification. In this plan of his, key sectors such as agriculture, manufacturing, and the digital economy will drive inclusive growth. He said investments in critical infrastructure, social safety nets, and innovation will be crucial, adding that the government has already made significant strides in addressing infrastructure deficits, regulatory bottlenecks, and ease of doing business challenges.

    To show how much progress has been made, he said ongoing projects include roads, railways, and power plants to enhance connectivity and productivity, further adding that harmonizing regulatory processes will reduce bureaucratic hurdles, promoting entrepreneurship and innovation. He also said initiatives like MSME hubs and single-digit loans for manufacturers will support entrepreneurs.

    However, economic growth and competitiveness rely on stability, so he acknowledged the need to address security challenges, fiscal imbalances, and implement fiscal reforms. To this end he his administration is investing heavily in security operations to combat terrorism, banditry, and other forms of insecurity. He said the administration is also expanding social safety nets, like the National Social Investment Programme and National Poverty Reduction with Growth Strategy. These programs protect vulnerable members of society, ensuring the economy remains resilient and inclusive.

    “Distinguished Ladies and Gentlemen, Nigeria’s growth trajectory has been volatile, heavily dependent on oil revenues, and unable to create enough jobs to keep pace with our rapidly growing population. As a nation, we must prioritize economic diversification. With this in mind, my administration, through the Renewed Hope Agenda, has embarked on bold reforms designed to create an environment that fosters sustainable economic growth and shared prosperity. Our focus is on sectors that can offer inclusive and sustainable growth, such as agriculture, manufacturing, and the digital economy.

    “As such, we need to prioritize investments in critical infrastructure, enhance our social safety nets, and promote innovation across all sectors. To achieve this, we must address several key issues, including infrastructure deficits, regulatory bottlenecks, and ease of doing business challenges. The government has already made significant strides in these areas.

    “As we gather here today, it is clear that no single sector or stakeholder can address these challenges alone. What we need now, more than ever, is collaborative action—where the public and private sectors, civil society, and international partners unite to drive a shared vision for growth and development.

    “As we begin this summit, I would like to emphasize that the challenges before us, while significant, are not insurmountable. With the right policies, the right partnerships, and the right level of commitment, Nigeria can emerge stronger, more competitive, and more resilient than ever before. The Nigerian Economic Summit remains an invaluable platform for fostering the dialogue and collaboration needed to move our country forward. Let us use this opportunity to not only discuss but also take decisive actions that will drive growth, enhance competitiveness, and secure long-term stability for Nigeria”, he said.

    In the face of all the socioeconomic vicissitudes we currently experience as a nation, President Tinubu has ensured to place himself in the heart of it all in order to prove that when he says he feels our pains and that he is not far removed from what the ordinary Nigerian is facing, he means it. That is the reason he always finds the occasions and platforms to highlight what he knows is happening to us at the moment and expresses why his government is doing all it is engaged in, one of which was his outing at the NES-30.

    The President made more than just one appearance in the course of the week, he ensured to step in from time to time, showing there is a direction and that he has an answer in every circumstance. For instance, when our national honour and image got tested by rather unseemly and provocative series of events in far away Libya, besides other steps taken by government, the President personally stepped in and sent in his ‘words of the King’ by demanding justice from the relevant authority governing the situation.

    You will recall that the Nigerian national football team, the Super Eagles, was meant to be playing the second leg of the African Cup of Nations’ (AFCON) qualifier in Benghazi against the Mediterranean Knights of Libya on Monday. However, the match had to be psotponed because Libya as a nation decided to be diabolical and unsportsmanlike by attempting to use other means to steal the three points of the match.

    It all started with the Libyan authorities suddenly denying the aircraft conveying the Nigerian contingent landing permission at the Benghazi airport, as scheduled. The aircraft’s crew was told, despite protests that it was low on fuel, to head to the Al Abraq airport, a distance of 236 kilometres and a road driving distance of about three and a half hours. The thing was the flight was originally scheduled to land at the Benghazi Benina International Airport, but on approaching the airport, the Nigerian contingent was informed that “an instruction from way high up” had directed that they could not land where they had been scheduled to land, which was meant to be the city where the match was scheduled to be played.

    At the Al Abraq Airport, our team landed to one of the most hostile receptions, even locked in the airport, not permitted to leave or be visited, a hostage situation; no water, no food, no internet and tossed up and down by officials on duty. For more than 16 hours, the situation was becoming dire and scary until God, humanity and diplomatic moves intervened and they were ‘permitted’ to leave the airport and return to Nigeria.

    A lot of strings were pulled and according to the back-stories gleaned from reliable sources, it was actually President Tinubu who made most of the critical moves. How he did it, who he reached and the content of the conversations are still not public, the key thing is Nigeria managed to escape whatever it was the Libyan authorities were plotting and it all happened even with his being on leave, abroad.

    Besides the steps he reportedly took, President Tinubu has called for sanctions against Libya for its unsportsmanlike conduct. This call is a significant move because the office and person of the Nigerian President control so much weight, not just in Africa, but globally. That is the person who leads one-sixth of the African population, a figure which means a lot in the global community.       

    In a statement issued by his Special Adviser on Information and Strategy, Bayo Ononuga, on Monday, Tinubu called on CAF to do the needful by investigating the circumstances surrounding the hostage-taking of Nigeria’s contingent. Some people have even described that gruesome experience as an attempt on the lives of our representatives, a situation requiring legal action against all involved in the ugly experience. 

    “President Bola Tinubu, deeply moved by the inhuman treatment endured by the Super Eagles of Nigeria at a Libyan airport, warmly welcomes their safe return to Nigeria. President Tinubu expects the Disciplinary Board of the Confederation of African Football (CAF) to conduct a thorough investigation and recommend appropriate action against those who wilfully violated the organisation’s Statutes and Regulations. The President commends the proactive coordination between the Ministry of Foreign Affairs and the Federal Ministry of Sports Development in addressing the unfortunate episode and ensuring the safe return of our players.

    “President Tinubu applauds the players for keeping their spirit alive despite the excruciating ordeal in Libya. The Nigerian leader recognises football’s unifying power in bringing nations and people together and views the treatment of our citizens as unsportsmanlike and inhumane, a stark contrast to the spirit of the game he deeply appreciates”, the statement said.

    By the way, the Presidency cleared the air on a situation that is likely to present itself from time to time. You are aware that President Tinubu has been out of the country on a two-week working vacation and the Vice President has been on ground, running the show. Now there are events opened to be attended abroad, which fell on the Vice President to attend, on behalf of the nation.

    This situation raised old dusts from the public and the question, same as when similar circumstance was encountered in the past, has been who runs the system when both the President and Vice President are offshore? Though it was not like the system grounded to a halt when it happened in the past, those raising the question, who are necessarily not lawyers, ask in order to get clarity. Well, the Presidency provided that clarity in the course of the week, in a statement issued by the President’s spokesman, Onanuga

    “Following enquiries by journalists as to who is in charge of our country as the President and Vice President are out of the country, we want to clarify: It is important to note that the President and Vice President are fully engaged with the nation’s affairs, even while they are away. There is no leadership vacuum in the country. President Tinubu left the country on 3 October and is on a two-week working vacation. During this time, he has been busy answering phones and issuing directives on matters of state. He will soon return to the country before the vacation officially expires.

    “The Vice President departed the country Wednesday for Sweden on an official visit, working for Nigeria. All state organs are functioning as usual. The Senate President, the Secretary to the Government of the Federation, Ministers, and Service Chiefs are all in their respective positions, ensuring the smooth operation of the government. The Constitution, a testament to our adaptability in the virtual age, does not explicitly require the physical presence of either the President or the vice president in the country at all times to fulfill his duties”, the statement said.

  • Shettima heads to Sweden for bilateral talks, investments

    Shettima heads to Sweden for bilateral talks, investments

    Vice President Kashim Shettima is set to begin a two-day visit to Sweden where he will represent Nigeria in high-level bilateral engagements.

    On behalf of President Bola Ahmed Tinubu, the Vice President is expected to meet with the Swedish Prime Minister, Crown Princess Victoria, and other key stakeholders.

    Shettima will use the visit to explore opportunities for strengthened collaboration between Nigeria and Sweden in ICT, innovation, education, digitalisation, sustainable transport, mining, and agriculture.

    A statement yesterday in Abuja by the Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, Stanley Nkwocha, said the Vice President will also meet with key stakeholders in government and private sectors.

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    He will also meet with a Stockholm-based venture capital impact investor, Norrsken, who recently launched Norrsken22, a $205 million tech investment fund for Africa.

    Norrsken22 is a technology growth fund backed by over 30 prominent unicorn founders and partnering exceptional entrepreneurs that are building Africa’s next tech giants.

    The meeting with Norrsken will provide insights into how Nigerian entrepreneurs can benefit from the fund and further strengthen the technology ecosystem in Nigeria.

    Notably, 40 per cent of the investments from Norrsken22 are expected to be allocated to Nigerian technology entrepreneurs.

    Twelve Nigerian private sector companies that are doing business with Sweden are going independently as a private sector bloc.

    While in Sweden, Shettima is also expected to articulate Nigeria’s economic vision and the reforms being undertaken by the Tinubu administration to create a business-friendly environment in Nigeria for investors.

    The myriad of opportunities that abound in Africa’s largest economy will also be showcased.

    The Vice President is expected back in the country on Saturday.