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Shettima Vows Tinubu Administration Will Do ‘Whatever It Takes’ to Save Nigeria’s Economy

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Vice President Kashim Shettima has reaffirmed the government’s unwavering commitment to steering Nigeria away from potential collapse, emphasizing that the administration of President Bola Ahmed Tinubu will take all necessary measures to restore stability and growth.

Shettima made these comments during the opening ceremony of the 17th Annual Banking and Finance Conference held in Abuja, an event organized by the Chartered Institute of Bankers of Nigeria.

Addressing a room full of banking and financial professionals, the Vice President underscored the crucial role that the banking sector plays in tackling the nation’s economic challenges.

He highlighted that the sector holds the key to unlocking solutions that can address the myriad issues currently plaguing Nigeria’s economy, from rising inflation to fiscal instability.

“We are prepared to do whatever it takes to salvage Nigeria from its current economic difficulties,” Shettima declared.

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“This administration is committed to implementing the necessary strategies and reforms, no matter how difficult, to ensure that the country’s future is secure.”

Shettima called on the conference participants, including financial experts and stakeholders, to leverage the platform to engage in meaningful dialogue on the economic crises facing both Nigeria and the global economy.

He stressed the importance of finding actionable solutions that can help stabilize the nation and improve the living standards of Nigerians.

His remarks come at a time when Nigerians are grappling with serious economic hardships.

The country is currently facing soaring inflation, which reached a staggering 33.40 percent.

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This, coupled with the recent hike in petrol prices—where the cost per liter surged from N617 to N897—has put immense pressure on households and businesses across the nation.

The Vice President acknowledged these difficulties but remained hopeful that, with the concerted efforts of key players in the banking and financial sectors, the government could devise innovative approaches to mitigate the impact of these challenges.

Shettima concluded by assuring the public that the Tinubu administration remains focused on long-term economic recovery and that the government will leave no stone unturned in its pursuit of solutions that will bring relief to the Nigerian people.

The conference provided an important forum for industry leaders to collaborate on addressing not just Nigeria’s internal challenges, but also broader global economic issues, with the hope that collective action can lead to meaningful progress in the months and years ahead.


 

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Politics

Donald Trump Wins 2024 Presidential Election, Secures Key Battleground States

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Republican Donald Trump has won the 2024 U.S. presidential election, achieving the necessary 270 electoral votes across seven battleground states.

World leaders extended congratulations, and Trump addressed a cheering crowd in Florida, pledging to work for a “strong, safe, and prosperous America.”

With Joe Biden’s term ending on January 20, 2025, his administration has vowed a peaceful transition. Key dates from Election Day to Inauguration ensure a smooth process, including state result certifications, transition briefings, and the formal Electoral College vote on December 17.

Biden’s attendance at the inauguration will underscore the peaceful transfer of power.


 

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Kamala Harris Delays Election Night Speech as Votes Are Still Counted

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The campaign team for Democratic presidential candidate Kamala Harris has announced that the vice president will not be addressing her supporters on election night as her path to the White House appears to be narrowing.

Cedric Richmond, a co-chair of Harris’ campaign, spoke to the press in the early hours of Wednesday, acknowledging the uncertainty surrounding the election results.

“We still have votes to count, and several states have not been called yet,” Richmond said.

He emphasized that the campaign would continue working through the night to ensure every vote is counted and every voice is heard.

“You won’t hear from the vice president tonight, but she will speak to you tomorrow,” he added, reinforcing the campaign’s commitment to seeing the process through.

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Earlier that day, as voting wrapped up across the country, Harris shared her plans for election night.

She mentioned having dinner with her family at her Washington, D.C., residence before attending an election watch party at Howard University, the historically black college where she earned her undergraduate degree.

Harris, who has always been vocal about the importance of her alma mater, would have felt a strong connection to the university community as they awaited the results.

Howard University, renowned for its rich history and its role in shaping the careers of many influential African American leaders, holds a special place in Harris’ heart.

Meanwhile, on the other side of the political spectrum, former U.S. President Donald Trump seemed to be gaining ground in his bid to return to the White House.

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U.S. broadcasters had called North Carolina and Georgia, two crucial battleground states, in favour of the Republican candidate.


 

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Tinubu Congratulates Trump on Re-election and Seeks Stronger US-Nigeria Relations

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President Bola Tinubu extends his warmest congratulations to President Donald Trump on his re-election as the 47th President of the United States. 

Tinubu expressed optimism about the renewed partnership between Nigeria and the United States, envisioning a strengthened relationship that meets the complex needs of today’s world.

In his congratulatory message, President Tinubu highlighted his commitment to fostering a productive alliance with the United States under Trump’s leadership.

He noted the potential for Nigeria and the U.S. to enhance economic collaboration, support peace initiatives, and tackle shared global challenges that impact both nations.

He emphasized, “Together, we have the opportunity to create sustainable economic cooperation, promote peace, and address the pressing global issues that touch the lives of our citizens.”

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Tinubu’s message also conveyed his admiration for the democratic process in the U.S., acknowledging the American people’s trust in Trump’s vision for the nation.

He praised the resilience and determination of American voters in upholding democratic principles, recognizing Trump’s victory as a reflection of their confidence in his leadership.

The Nigerian president further remarked on Trump’s prior experience as the 45th U.S. president from 2017 to 2021, stating that this background equips him with valuable insights and strategies to navigate current global issues.

Tinubu is hopeful that Trump’s return to the White House will pave the way for a new chapter of mutually beneficial partnerships between Africa and the United States.

He expressed faith in Trump’s ability to leverage this opportunity to create meaningful development initiatives that support Africa’s growth and contribute to its stability.

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President Tinubu also acknowledged the United States’ global influence, highlighting its unique role in shaping international trends and policies.

He voiced confidence that under Trump’s leadership, the U.S. will continue to work toward building a peaceful and prosperous world.

Tinubu concluded by expressing his hope for a collaborative future, one where Nigeria and the United States can work together to confront global challenges, advance shared interests, and strengthen their long-standing ties for the benefit of both nations and their citizens.


 

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