Politics
Shettima Vows Tinubu Administration Will Do ‘Whatever It Takes’ to Save Nigeria’s Economy
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.
“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.
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.
The Arewa Consultative Forum (ACF) and other key northern figures have pushed back against a call by APC National Chairman Abdullahi Ganduje for the North to hold off on contesting the presidency until 2031.
Ganduje made the statement while hosting a delegation from the Tinubu Media Centre and the Tinubu Northern Youth Forum at the APC headquarters in Abuja. He argued that since former President Muhammadu Buhari, a northerner, served two terms, it would only be fair for President Bola Tinubu to complete eight years as well.
However, northern leaders strongly disagreed. ACF’s National Publicity Secretary, Prof. Tukur Muhammad-Baba, dismissed Ganduje’s stance, calling it an attempt to impose loyalty in a way that does not reflect democratic values.
He made it clear that voters cannot be pressured into supporting a candidate. “What he said is just his opinion. Voters will decide whether to accept, reject, or modify it.
In 2015, people were sold promises of anti-corruption and other things, only to realize later that they weren’t true. Then, in 2023, ‘Renewed Hope’ was introduced, but for many, that hope is now turning into a nightmare,” he said.
The Labour Party has confirmed that Peter Obi will once again be its presidential candidate in the 2027 elections.
Speaking on Channels Television’s Politics Today, the party’s National Publicity Secretary, Abayomi Arabambi, made it clear that the next election won’t be an easy ride for President Tinubu.
“Tinubu won’t have it easy in 2027. We are bringing Peter Obi back to show how serious we are,” he said.
Arabambi also addressed the recent departure of actor-turned-politician Kenneth Okonkwo from the party.
He dismissed Okonkwo’s exit as a relief, claiming the former spokesperson was never truly loyal to the Labour Party and had been working in favour of the APC and President Tinubu.
“We wish Kenneth Okonkwo well, but his resignation is good riddance to bad rubbish. He should stop talking about the Labour Party,” Arabambi added.
He further dismissed claims of a leadership crisis in the party, insisting that the Labour Party is not in turmoil and will remain a strong force ahead of the next election.
In a recent development, governors from Nigeria’s ruling All Progressives Congress (APC) have voiced their opposition to the Central Bank of Nigeria’s (CBN) February 10 deadline for the old N200, N500, and N1,000 naira notes to cease being legal tender.
The governors argue that the policy’s implementation has led to significant hardships for Nigerians, particularly in rural areas where access to banking services is limited.
The APC governors have expressed concerns that the scarcity of the new naira notes is disrupting daily life and economic activities. They highlight that many citizens are struggling to access cash, which is essential for their livelihoods.
In response to these challenges, the governors have sought a meeting with President Muhammadu Buhari to discuss the implications of the policy and to advocate for an extension of the deadline.
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