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Subsidy Removal, Currency Reforms Vital For Economic Revival – VP Shettima

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Vice President Kashim Shettima has called on Nigerians to exercise patience with President Bola Tinubu’s administration as it tackles the economic difficulties inherited upon assuming office.

He expressed confidence that the nation’s economy will witness substantial progress in the near future, leading to improvements in key areas such as inflation, income levels, GDP, poverty alleviation, and food security.

The appeal was made during the 2nd Chronicle Roundtable organized by 21st Century Media Services in Abuja on Thursday.

He said “Soon, Nigeria’s economy will experience significant growth once we’ve overcome these sacrifices. Positive changes will soon be evident across all economic indicators – inflation, per capita income, GDP numbers, poverty reduction, food security, and all aspects close to the hearts of our people.”

As the Guest Speaker at the roundtable, Vice President Kashim Shettima, through his spokesman Stanley Nwocha, elaborated on significant policy initiatives undertaken by the Tinubu administration.

These include the removal of petroleum subsidy, which he highlighted as a major issue prior to Tinubu’s leadership.

He emphasized the need for patience and time to tackle the substantial challenges, particularly the nation’s struggling economy, which was in a precarious state upon assumption of office.

Shettima said “We look forward to the positive impact on the economy that will be brought by some of our new initiatives in the oil and gas sector, creative arts sector, the newly rejigged steel and solid minerals sectors, our housing sector, the blue economy, and the digital sectors, to mention but a few.

“There is no doubt that there’s a time to plant and a time to reap. In between those times, we appeal for patience and seek collective sacrifice from all, especially from us. We wish there were a way to treat this ailment without surgery.”

In his address titled “Because These Shortcuts Are Not The Right Ways,” Vice President Kashim Shettima acknowledged the challenging nature of the decision to remove fuel subsidy, given its adverse effects on citizens’ lives.

However, he emphasized that it became a necessary choice when it was revealed that the previous administration of former President Muhammadu Buhari had not allocated funds for it in the 2023 budget.

He explained: “His Excellency, President Bola Ahmed Tinubu, chose the option that would save the life of the nation, instead of one that would merely prolong its imminent and predicted economic death. Before we took charge, the biggest elephant in the room was the question of fuel subsidy removal.

“We understood why our predecessor made the decision to remove it and refused to budget for it in their final fiscal year. The year before we took office, Nigeria’s debt service-to-revenue ratio had grown to 111.8%.

“The anticipated debt crisis may sound like fancy economic jargon to the man on the street, but you and I are in a better position to understand how such miscalculations have played out in other countries. It’s an economic death sentence.

“In plain terms, our debt servicing was such that if you earned, say, N100,000, the entirety of the money wasn’t only paid to your debtor; you were forced to borrow an additional N11,800 to pay the debtor. How do you intend to survive this, and how many more loans before you become a pariah?.”

“We are not even discussing the nation’s budget deficits, diversions of resources from critical sectors of the economy, and corruption masterminded in the subsidy regime.”

Recognizing the principle of government continuity, Vice President Kashim Shettima stated that any successor to the previous government would have faced the same choice: to navigate through the challenges or abandon ship, risking national collapse.

He noted that other presidential contenders did not find it ethically acceptable to criticize the removal of fuel subsidy, as it was among the solutions they had also proposed to the Nigerian people.

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Terrorists on the Run as Troops Destroy Camp, Rescue Kidnap Victims in Zamfara

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Troops Kill 5, Arrest Others During Raid In Kastina Terrorist Camp

The Nigerian Army has recorded another success in its ongoing offensive against terrorism and banditry in Zamfara State, forcing terrorists to flee their hideout, destroying their camp, and rescuing three kidnapped victims.

According to an operational report released on Saturday, troops of Sector 2, Operation Fansan Yamma, carried out the operation on June 12 across communities in Zurmi and Shinkafi Local Government Areas of the state.

The report stated that troops conducting a fighting patrol through Birnin Saba, Yanbuki, and Sabon Garin Daudawa communities came into contact with terrorists operating in the Yanbuki District of Zurmi LGA.

SEE ALSO: How Troops Forced Kidnappers to Abandon Two Bank Staff in Taraba

During the encounter, troops engaged the criminals in a gun battle, successfully neutralising one terrorist while others escaped into nearby areas.

Security forces recovered several items from the scene, including rifles, four magazines loaded with ammunition, two motorcycles, seven mobile phones, two MP3 players, woodland camouflage trousers, and an inner vest.

Maintaining pressure on the fleeing terrorists, the troops advanced toward Sabon Garin Daudawa. On sighting the approaching soldiers, the terrorists reportedly abandoned their camp and fled.

The troops subsequently cleared the area and destroyed the camp to prevent it from serving as a base for future criminal operations.

In the course of the clearance operation, three kidnapped victims were rescued and safely evacuated from the area.

The military said the operation forms part of ongoing efforts to rid Zamfara and other parts of the North-West of terrorist and bandit groups responsible for attacks, kidnappings, and other criminal activities.

The Nigerian Army reaffirmed its commitment to sustaining aggressive operations across the region until lasting peace and security are restored to affected communities.

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NEWS

DSS Foils Arms Smuggling Operation, Arrests Suspect Linked to Zamfara Bandit Leader

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The Department of State Services (DSS) has intercepted a shipment of weapons allegedly destined for a notorious bandit kingpin operating in Zamfara State and arrested a suspected arms courier in Kano State.

According to an operational report obtained by the News Agency of Nigeria (NAN), the suspect was apprehended on Friday in Gezawa Local Government Area of Kano State following intelligence-led operations by DSS operatives.

ALSO READ: Pastor Escapes Into Bush as Gunmen Kidnap His 9-Year-Old Son in Ondo Attack

The report disclosed that the suspect was intercepted while transporting a cache of arms and ammunition from Maigatari Local Government Area of Jigawa State to Funtua in Katsina State, from where the weapons were expected to be delivered to criminal elements.

Items recovered from the suspect included three AK-47 rifles, four rocket-propelled grenade (RPG) tubes and warheads, as well as two empty magazines.

Security sources said preliminary investigations linked the weapons consignment to a suspected bandit leader believed to be operating in parts of Zamfara State.

During interrogation, the suspect reportedly confessed that he had been contracted to move the weapons from Maigatari to Funtua and was promised a payment of N450,000 upon successful delivery.

The report noted that investigations are ongoing to uncover the network behind the arms trafficking operation and identify other individuals connected to the movement of the weapons.

Authorities described the arrest as a significant breakthrough in efforts to disrupt the flow of arms and ammunition to criminal groups responsible for violent attacks, kidnappings, and other security threats across the North-West region.

The suspect remains in DSS custody and is expected to face further investigation and possible prosecution in accordance with the law.

The development comes as security agencies continue to intensify intelligence-driven operations aimed at dismantling logistics networks that support banditry, terrorism, and other forms of organised crime across Nigeria.

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NNPC Ltd Uncovers Pipeline Vandals, Disguising as FG Taskforce

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Well-equipped criminal syndicates are disguising themselves as members of a Federal Government taskforce to steal critical oil infrastructure across Nigeria.

The Nigerian National Petroleum Company Limited (NNPC Ltd) made the revelation, describing it as a disturbing trend in the country’s worsening pipeline vandalism crisis.

According to the state oil major, 24 cases of vandalism had been recorded along sections of the Warri-Kaduna crude oil pipeline corridor since 2025, with about nine kilometres of pipeline already stolen by suspected vandals.

The revelation came as the NNPC Ltd, through its Industry-Wide Security Architecture and its subsidiary, the Nigerian Pipelines and Storage Company, conducted a joint inspection of a vandalised section of pipeline at Pai Community in Kwali Area Council of the Federal Capital Territory (FCT).

The inspection, carried out alongside the Office of the National Security Adviser Special Prosecution Team, the FCT Police Command, the Nigerian Army and other security stakeholders, followed the arrest of three suspected pipeline vandals in the Piri and Pai communities.

ALSO READ: LPG Exports Ban Still in Force – FG

In a statement on Thursday by the Chief Corporate Communications Officer of NNPC Ltd, Andy Odeh, asserted that the inspection was aimed at assessing the extent of damage to the critical national asset, advancing ongoing investigations and reinforcing efforts to combat economic sabotage.

The statement read, “The Nigerian National Petroleum Company Limited through the Industry Wide Security Architecture and Nigerian Pipelines & Storage Company in collaboration with the Office of the National Security Adviser Special Prosecution Team, the Federal Capital Territory Police Command, the Nigerian Army and other security stakeholders, on Tuesday conducted a joint inspection of a vandalised section of the NPSC crude oil pipeline at Pai Community in Kwali Area Council of the FCT, Abuja.

“The high-level inspection was undertaken to assess the extent of damage to critical national assets, advance ongoing investigations, and reinforce coordinated efforts to combat economic sabotage and safeguard Nigeria’s strategic energy infrastructure.

“The visit followed the arrest of three suspected pipeline vandals in the Piri and Pai communities through a joint operation involving the ONSA Special Prosecution Team, the FCT Police Command, and the NNPC Ltd’s Industry-Wide Security Architecture.”

According to Odeh, the Nigerian Pipelines and Storage Company, a subsidiary of the NNPC Ltd, owns and manages more than 5,000 kilometres of crude oil and petroleum products pipelines across the country.

He expressed sadness that pipeline theft across the network has intensified in recent years.

“NPSC, a subsidiary of NNPC Ltd, owns more than 5,000km of crude oil and petroleum products pipeline network. Pipeline theft across NPSC’s network has been on the increase since 2024.

“Well-equipped criminals disguising themselves as the ‘NNPC/Federal Government Taskforce for Recovery of Abandoned Pipelines’ connive with locals to dig out and steal these pipelines,” the statement noted.

The company disclosed that 19 incidents were recorded in 2025 alone.

“In 2025, a total of 19 cases were reported, with about 9km of pipeline section stolen along the Enugu-Makurdi-Yola corridor and between Piri and Izom along the Warri-Kaduna pipeline corridors.

“So far in 2026, five cases have been reported at Piri-Kwali and Gwagwalada along the Warri-Kaduna crude oil pipeline segment and at Badanga along the Jos-Gombe pipeline corridor,” it added.

The affected infrastructure serves as a strategic route for transporting crude oil from the Warri Refining and Petrochemical Company (WRPC) to the Kaduna Refining and Petrochemical Company (KRPC).

Speaking during the inspection, the Group Chief Executive Officer of NNPC Ltd, Bashir Ojulari, represented by the company’s Chief Interface Officer, Dahiru Sani-Gwarzo, said the arrests marked an important breakthrough in the fight against pipeline sabotage.

“The industry-wide security architecture has been actively pursuing criminal elements involved in the sabotage of our energy infrastructure. Those apprehended are only a small part of a larger network.

“Our focus remains on identifying and bringing to justice the masterminds and sponsors behind these criminal activities.
“Beyond the significant economic losses they cause, such acts undermine national development, energy security and investor confidence.

“We will continue to work closely with our security partners to ensure these crimes are decisively addressed,” he said.

On his part, the Commissioner of Police, FCT Command, CP Ahmed Muhammed Sanusi, said the arrests demonstrated the resolve of security agencies to dismantle organised criminal groups targeting national infrastructure.

“The operation demonstrates our collective determination to protect critical national assets and dismantle criminal syndicates involved in pipeline vandalism.

“The suspects were apprehended following intensive intelligence gathering, surveillance operations and targeted patrols after reports of interference with sections of the pipeline.

“Our investigations have already generated valuable leads regarding the sponsors and receivers of the vandalised materials.

“We want to assure Nigerians that all individuals connected to these criminal activities will be identified and prosecuted in accordance with the law,” Sanusi stated.

Also speaking, the Director of Energy Security at the Office of the National Security Adviser, Goodluck Ebele, urged Nigerians to support ongoing efforts by providing timely information to security agencies.

“Public vigilance and cooperation remain critical to protecting national assets and strengthening Nigeria’s energy security.

“We appeal to citizens living around these facilities to report suspicious activities promptly. Pipeline vandalism is not a victimless crime; it affects national revenue, energy supply and economic development,” he said.

Representing the Nigerian Army, Lt. Col. J.O. Ajongbo reaffirmed the military’s commitment to safeguarding oil and gas infrastructure nationwide.

“We remain committed to working closely with NNPC Ltd and all relevant agencies to secure critical energy infrastructure across the country.

“The protection of these assets is a national responsibility, and the military will continue to play its part in ensuring that criminal elements do not succeed in their attempts to sabotage the economy,” he stated.

Similarly, the Deputy Chairman of the House Committee on Petroleum Resources (Upstream), Hon. Sesi Whingan, pledged legislative support to strengthen deterrence against pipeline vandalism.

“We will continue to support measures that enhance the legal and regulatory framework needed to combat pipeline vandalism.

“Those who engage in economic sabotage must understand that there will be consequences, and we will work with relevant institutions to ensure that our laws serve as effective deterrents,” he said.

Pipeline vandalism has remained one of the biggest challenges confronting Nigeria’s oil and gas sector, contributing to production losses, environmental degradation and reduced revenues.

While much of the public attention has focused on crude theft in the Niger Delta, the latest incidents suggest that criminal networks are increasingly targeting pipeline infrastructure in other parts of the country.

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