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.
NEWS
Over 100 Students Hospitalised as Fresh Gas Leak Hits Ogun Schools
Panic swept through parts of Ijebu Ode, Ogun State, on Friday after a fresh gas leak affected more than 100 students and teachers across several schools, forcing many victims to be rushed to hospitals for treatment.
The incident, which occurred less than two months after a similar case in the town, reportedly affected schools including Anglican Girls Grammar School, Obalende, and Our Lady of Apostles Secondary School, Epe Garage, among others.
Witnesses said students suddenly began complaining of breathing difficulties, stomach aches, dizziness, and weakness as the strange gas spread across the affected areas.
ALSO READ: State of Ogun Schools: Your panic response political gimmick, Adebutu tells Abiodun
Videos circulating online showed frightened students running out of school premises while teachers and residents assisted those who fainted into vehicles for emergency medical attention.
Many of the affected students were taken to the Ogun State Hospital in Ijebu Ode, while others were rushed to nearby private medical facilities as worried parents stormed the hospitals.
An eyewitness described the situation as more severe than the previous gas leak recorded in April.
“I am currently at the Ogun State Hospital, Ijebu Ode, and the hospital is overcrowded. Some parents had to move their children to private hospitals. The students are complaining of stomach pain and weakness. This incident affected multiple schools and over 100 students,” the source said.
The Ogun State Commissioner for Environment, Ola Oresanya, confirmed the development, stating that emergency response agencies had been mobilised to contain the situation and investigate the source of the leak.
According to the commissioner, air quality monitoring devices installed within the area detected elevated methane gas concentrations, with readings reportedly peaking at about 13,500 ppm in surrounding locations.
He explained that although the methane level remained below the lower explosive limit, the situation was environmentally significant and required urgent investigation.
Oresanya said the state government had activated a multi-agency environmental and public health assessment team comprising environmental regulators, emergency responders, security agencies, and air quality experts to determine the source and extent of the emissions.
Officials, including the Chairman of Ijebu Ode Local Government, Dare Alebiosu, and the Managing Director of OGEPA, Kenny Bello, were also seen visiting affected schools and hospitals to assess the situation and monitor medical response efforts.
Residents were advised to remain calm, avoid open flames or ignition sources in areas with unusual gas odours, and immediately seek medical attention if they experience symptoms such as dizziness, headaches, nausea, or respiratory discomfort.
The latest incident comes weeks after over 30 students and a teacher were hospitalised following another gas leak at Our Lady of Apostles Secondary School in April, raising fresh concerns over environmental safety in the area.
NEWS
“Free El-Rufai Before Eid” — Atiku Blasts FG Over Detention
Former Vice-President Atiku Abubakar has called on the Federal Government and Kaduna State authorities to release former Kaduna State governor Nasir El-Rufai before the Eid-el-Kabir celebrations, describing his continued detention as unfair and politically troubling.
Atiku made the demand in a statement issued on Friday through his Senior Special Assistant on Public Communication, Phrank Shaibu.
SEE ALSO: Shock as Court Rejects El-Rufai’s Bail Application, Orders Continued Detention
The former presidential candidate condemned El-Rufai’s detention ahead of the Muslim festival, saying it contradicts the spirit of mercy, compassion, and reconciliation associated with Eid-el-Kabir.
According to Atiku, it would be wrong for any government to deny a citizen freedom without clear justification, especially during a significant religious period when families are expected to reunite.
He warned against the alleged use of state institutions to intimidate perceived political opponents, stressing that democracy should not be used as a weapon to settle political scores.
“At a time when millions of Muslims are preparing for Eid-el-Kabir, it is unconscionable to keep a citizen away from his family without just cause,” Atiku stated.
The former vice-president also argued that the credibility of any democratic government depends on how it treats opposition figures and perceived critics.
He urged authorities to ensure transparency if El-Rufai’s detention is connected to ongoing legal proceedings, insisting that every Nigerian citizen is entitled to constitutional rights, including liberty and due process.
The demand comes days after the Independent Corrupt Practices and Other Related Offences Commission confirmed that a Federal High Court in Kaduna granted El-Rufai access to medical treatment while in custody.
El-Rufai and his co-defendant, Joel Adoga, are facing a 10-count charge bordering on alleged corruption, money laundering, and possession of proceeds of crime before Justice Rilwan Aikawa of the Federal High Court in Kaduna.
Both men have pleaded not guilty to the charges.
NEWS
$100,000 Science Prize: NLNG Raises Bar for AI Innovation
The Nigeria LNG Limited (NLNG) has intensified its push for globally competitive artificial intelligence and digital technology solutions, as the 2026 edition of The Nigeria Prize for Science and Innovation attracted a record 237 entries, the highest participation level since the prestigious $100,000 award was established in 2004.
The milestone comes months after the 2025 edition ended without a winner, following a rigorous evaluation process that found none of the 112 entries submitted met the Prize’s benchmark for scientific excellence, originality, scalability and real-world impact.
The entries were formally handed over to the Prize’s Advisory Board during a press conference in Lagos on Thursday, officially commencing the adjudication process for this year’s competition themed: Innovations in ICT, Artificial Intelligence (AI), and Digital Technologies for Development.
The retention of the theme for a second consecutive year reflects growing recognition of the role of AI and digital technologies in solving socio-economic challenges and accelerating national development.
Speaking at the event, NLNG’s General Manager, External Relations and Sustainable Development, Dr. Sophia Horsfall, said the record-breaking number of entries signals renewed confidence in Nigeria’s innovation ecosystem and growing interest among researchers in technology-driven solutions.
“In this fourth revolution, digital infrastructure is as foundational to our survival as electricity or water. For Nigeria, our economic sustainability depends on our ability to move beyond promising research and into undeniable innovation that delivers,” Horsfall said.
ALSO READ: Adoption of AI Feature as NIPetGE Pays Courtesy Call at NNPC Ltd
She noted that the decision not to award a winner in 2025 was difficult but necessary to preserve the integrity and global credibility of the Prize.
“We believe that if a Nigerian discovery is to command global respect, it must withstand the highest levels of scrutiny. It is this conviction that guided the difficult decision seven months ago,” she stated.
According to Horsfall, NLNG responded to last year’s outcome by deepening engagement with Nigeria’s scientific and technology community through nationwide roadshows, media campaigns, collaborations with innovation hubs, and knowledge-sharing sessions with researchers and academic institutions.
“Our response was not to lower our standards but to deepen engagement. Today, we can confidently say those efforts have paid off,” she added.
She described the leap from 112 entries in 2025 to 237 entries in 2026 as evidence of rising momentum in Nigeria’s science, AI, and digital innovation ecosystem.
“It proves that there is a hunger in this country for research, innovation, discovery and recognition. It also proves that we need platforms such as this Prize that elevate scientific endeavour and transform ideas into impact,” Horsfall said.
Receiving the submissions on behalf of the Advisory Board, Chairman of the Board, Prof. Barth Nnaji, described the handover as a crucial stage in the search for transformative scientific breakthroughs capable of addressing Nigeria’s development challenges.
Nnaji, a former Minister of Power, said the no-winner verdict in 2025 reinforced the Prize’s reputation for excellence rather than diminished it.
“Our refusal to award the prize in 2025 was not a dismissal of the hard work of Nigerian innovators; rather, it reinforces that The Nigeria Prize for Science and Innovation holds a gold standard of excellence,” he stated.
He explained that entries would continue to undergo strict intellectual and technical scrutiny, with emphasis placed on originality, relevance, scalability, and measurable socio-economic impact.
“The theme we have focused on for the past two years is perhaps the most critical topic of our time. We are looking for solutions that directly address Nigeria’s real-world challenges, whether through digital health technologies for rural communities or the use of AI in preserving our cultural heritage and languages,” Nnaji added.
He further assured stakeholders that the adjudication process would remain independent, transparent, and merit-driven.
“We look at every entry through a lens of fairness, balance and equity. It is this consistency that has given the Prize its enduring credibility over the years,” he said.
Also speaking, NLNG’s Manager, Corporate Communication and Public Affairs, Anne-Marie Palmer-Ikuku, commended the resilience of Nigerian innovators who returned with stronger entries despite last year’s disappointing outcome.
“To see the numbers rise to 237 this year tells me that innovators did not see last year’s verdict as a deterrent. Instead, they saw it as a challenge,” she said.
The Advisory Board for the Prize also includes Dr. Nike Akande, former Minister of Industry, and Professor Baba Yusuf Abubakar, a professor of quantitative genetics and animal breeding.
The winning entry for the 2026 edition will be unveiled at a world press conference scheduled for September.






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