NEWS
Subsidy Removal, Currency Reforms Vital For Economic Revival – VP Shettima
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.
President Bola Ahmed Tinubu has described his emergence as Nigeria’s President as a special favour from Almighty Allah, saying his position as Commander-in-Chief of the Armed Forces is a privilege that must be matched with dedicated service to the country.
Tinubu made the remarks while reflecting on his spiritual journey to Saudi Arabia for the lesser Hajj (Umrah), during which he was granted access to pray inside the Holy Ka’abah in Makkah.
The President expressed gratitude to Saudi Arabia’s King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman for granting him and members of his Nigerian delegation the rare privilege.
SEE MORE: APC Defends Tinubu Over Electricity Promise, Says President Is Tackling Sector’s Challenges
Speaking after the spiritual exercise, Tinubu said his emergence as Nigeria’s leader was an extraordinary blessing, considering the millions of people in the country.
“I have faith in that, and I believe extremely well that He has done me and my country a great favour. Out of many millions of people, to be the President and Commander-in-Chief is a favour that only Almighty God can do to a human being,” he said.
The President also disclosed that he used the opportunity to pray for wisdom and resilience to continue serving Nigerians, expressing confidence that his prayers had been answered.
“Well, I asked for wisdom and resilience to continue to serve the people. I know that prayer has been granted,” Tinubu said.
Recalling his previous Umrah pilgrimage before the 2023 presidential election, he said he had asked Allah to bless the journey and promised to return to express gratitude.
Tinubu also reflected on the message in Surah Aal-Imran, Verse 26 of the Holy Qur’an, which establishes Allah as the ultimate owner of sovereignty and authority, with the power to give and take leadership.
He said the message reinforces the need for those entrusted with positions of authority to exercise power responsibly, with humility and in the interest of the people.
“There is no other God but Almighty Allah. He is the giver and the taker. He owns power and authority,” the President said.
He reaffirmed his commitment to building a prosperous Nigeria, investing in the future of young Nigerians and pursuing development in line with the aspirations of the people.
Tinubu described the opportunity to enter the Holy Ka’abah as a historic and deeply cherished spiritual experience, adding that it reflected the longstanding friendship and cooperation between Nigeria and Saudi Arabia.
The Ogun State Police Command has received three major honours at the Nigeria Union of Journalists (NUJ), Ogun State Council’s Golden Jubilee Press Week, with Commissioner of Police Bode Ojajuni named a Golden Jubilee Ambassador.
The Command received the Shield of Public Safety Award, while its Police Public Relations Officer, DSP Oluseyi Babaseyi, was presented with the Vanguard of Public Safety Award.
The recognition formed part of activities marking the 50th anniversary of the NUJ in Ogun State, which coincides with the state’s 50th anniversary.
SEE ALSO: Oyo Police Arrest Suspected Serial Burglar, Recover Stolen Items Worth ₦16.2m
According to a statement released on Monday, November 2, 2026, by the Command’s spokesperson, DSP Babaseyi, the awards recognised the Command’s commitment to public safety, proactive policing and effective engagement with the media.
The Golden Jubilee Press Week, held from October 26 to November 1, 2026, was themed, “Truth, Trust and the Press: Protecting Democratic Choice and Rebuilding Public Confidence in Journalism.”
Ojajuni also participated in a panel session during the celebration, where he urged journalists to uphold truth, professional ethics and patriotism, stressing the importance of responsible journalism to national development and public confidence in public institutions.
While receiving the Shield of Public Safety Award, the police commissioner attributed the Command’s achievements, particularly the impact of Operation KOSAYE, to the strategic direction of the Inspector-General of Police, IGP Olatunji Rilwan Disu, under the Handshake Patrol initiative.
He explained that the operation was carried out on the directive of the IGP through collaboration between the Ogun and Lagos State Police Commands, with support from the governors of both states.
According to him, the initiative strengthened security cooperation between the two states and improved coordinated efforts to prevent and combat criminal activities.
Ojajuni was also named among 50 distinguished personalities recognised as Golden Jubilee Ambassadors.
The honour reflects his leadership and previous contributions to policing in Ogun State, where he served as Deputy Commissioner of Police in charge of the State Criminal Investigation Department and Squadron Commander of the 16 Police Mobile Force, Abeokuta, before becoming commissioner.
Similarly, Babaseyi received the Vanguard of Public Safety Award in recognition of his contributions to police-public communication, media engagement and public safety advocacy.
The commissioner dedicated the honours to the Inspector-General of Police and officers of the Nigeria Police Force, acknowledging their commitment and sacrifices in protecting lives and property.
The Command also commended the NUJ Ogun State Council, led by its chairman, Comrade Wale Olanrewaju, for the recognition and its role in promoting constructive engagement between journalists and security institutions.
It reaffirmed its commitment to strengthening its relationship with the media, noting that effective policing depends not only on operational deployment but also on public trust, timely information and stakeholder engagement.
Katsina State Governor, Dikko Umaru Radda, has called on traditional rulers to strengthen their collaboration with the government and security agencies to tackle insecurity and protect farmers, traders and other residents across the state.
Radda made the appeal during a meeting with the District Head of Bakori, Alhaji Garba Tukur Idris, Makaman Katsina, and other traditional leaders in Bakori Local Government Area.
The engagement, which formed part of activities of the Tinubu–Dikko 2027 Campaign Council, was disclosed in a statement issued on November 1, 2026, by the governor’s Chief Press Secretary, Ibrahim Kaula Mohammed.
SEE ALSO: NSC Chair Dikko Vows to End Salary Delays for Nigerian Coaches, Players
The governor said traditional institutions remained essential to efforts to achieve lasting security and development, particularly because of their influence and close relationship with local communities.
“Government cannot achieve sustainable security and grassroots development without the active cooperation of traditional rulers, community elders and other local stakeholders,” Radda said.
He urged traditional leaders to work more closely with security agencies and other community stakeholders to address security threats and strengthen peace across their respective communities.
“Your role in maintaining peace and order in our communities is very important. We need your cooperation to address security challenges and advance development at the grassroots,” he added.
Radda also reaffirmed his administration’s commitment to protecting lives and property, strengthening security operations and ensuring farmers could access their farmlands while traders conducted their businesses without fear.
He called for a coordinated approach involving traditional rulers, security agencies, political leaders, youths and women, stressing the importance of collective action in tackling insecurity and creating economic opportunities.
In his response, the District Head of Bakori, Garba Tukur Idris, welcomed the governor and his delegation, commending the engagement and the relationship between the government and traditional institutions.
Idris identified agriculture, trading and commerce as the major economic activities in Bakori, while highlighting the area’s skilled and unskilled labour force, dams and boreholes as resources that could support increased agricultural productivity and attract investment.
He also commended the cooperation among traditional institutions, local government authorities, security agencies and residents in maintaining peace, urging stakeholders to sustain the collaboration to protect their communities.
The Chairman of Bakori Local Government Area, Musa Abubakar Barde, said the delegation was also in the area to seek the blessings and support of traditional rulers and community stakeholders for the Tinubu–Dikko 2027 campaign.
The delegation included Deputy Governor Faruk Lawal; Campaign Director-General, Ahmed Musa Dangiwa; Campaign Council Co-Chairman, Mustapha Muhammad Inuwa; Deputy Director-General, Abdulkadir Mamman Nasir; and Secretary-General, Abdullahi Aliyu Turaji, among others.
Gas Infrastructure Fund Sets Terms for Indigenous Access to Funding
UN Engages NCDMB to Deepen Female Access to $40m Oil, Gas Fund
Shettima Arrives Calabar for APC Presidential Campaign Rally
‘Becoming Nigeria’s President Is a Divine Blessing’ – Tinubu
Ogun Police Win Public Safety Award as Ojajuni Emerges NUJ Golden Jubilee Ambassador
Afreximbank Charts Côte d’Ivoire’s Rise as a Regional Growth Leader in WA
Trump’s Family Unveils New Cryptocurrency Platform
Senate Denies Receiving Petitions Against Tinubu’s Ambassadorial Nominees
Dangote Cement Lights Up Benue Host Communities With CSR Initiatives
Reps Recommend 3-year Jail Term For Aviation minister
Tems Sets New Record On Billboard Hot 100 Chart
513916 481527I discovered your blog site on google and verify a couple of of your early posts. Continue to sustain up the superb operate. I merely extra up your RSS feed to my MSN News Reader. Searching for forward to reading extra from you in a although! 768068
141484 483621Should you happen to excited about eco items, sometimes be tough shock to anyone them recognise that to assist make unique baskets just for this quite liquids carry basic steps liters associated ceiling fan oil producing. dc totally free mommy weblog giveaways family trip home gardening residence power wash baby laundry detergent 405575
132170 794333As I web internet site possessor I believe the content material matter here is rattling great , appreciate it for your efforts. You need to maintain it up forever! Good Luck. 982496
346762 294353I like this website so considerably, bookmarked . 938576
861149 512035As I web-site possessor I believe the content matter here is rattling amazing , appreciate it for your efforts. You ought to maintain it up forever! Very best of luck. 563239