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President Tinubu’s Address at the Nigeria Economic Summit

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(AS DELIVERED BY VICE PRESIDENT KASHIM SHETTIMA)

Protocol 

It is with immense pleasure that I address the 30th Nigerian Economic Summit. Over the past three decades, this Summit has been a forum for government and private sector stakeholders to exchange ideas, debate policy, and identify innovative solutions to Nigeria’s socio-economic challenges.

  

2.

 The theme of this year’s Summit, Collaborative Action for Growth, Competitiveness, and Stability, could not be more appropriate, as it encapsulates the pressing need for concerted efforts to address the multidimensional issues we currently face.
Like many other nations, Nigeria has experienced significant economic turbulence over the past few years. The challenges have been global and domestic—ranging from the COVID-19 pandemic and fluctuating oil prices to internal security issues, inflation, and structural weaknesses in our economy, such as over-reliance on oil revenue and lack of economic diversification.  

3. Distinguished Ladies and Gentlemen, Nigeria’s growth trajectory has been volatile, heavily dependent on oil revenues, and unable to create enough jobs to keep pace with our rapidly growing population. As a nation, we must prioritise economic diversification. Your role in this process is crucial. Considering this, my administration, through the Renewed Hope Agenda, has embarked on bold and courageous reforms designed to create an environment that fosters sustainable economic growth and shared prosperity. Our focus is on sectors that can offer inclusive and sustainable growth, such as agriculture, manufacturing, and the digital economy.  

4. We have thus prioritised investments in critical infrastructure, enhanced our social safety nets, and promoted innovation across all sectors. I am pleased to report that we are making significant strides in addressing several key issues, including regulatory bottlenecks and ease of doing business challenges. This progress should instil confidence in our collective ability to overcome these challenges.  

5. Our objective is to ensure that the Nigerian economy is inclusive, where small and medium-sized enterprises (SMEs) can thrive alongside large corporations, and where every citizen, regardless of location or background, can benefit from economic opportunities.  

6. We have initiated various programmes, such as the MSME hubs and single-digit loans for manufacturers, designed to provide entrepreneurs with the support they need to succeed. We have also introduced the Credit Corporation to offer our workers consumer loans with single-digit interest. These initiatives collectively will boost the economy and ensure it remains competitive in Africa and globally. 

7. Economic growth and competitiveness can only be sustained with political and economic stability. Since 2009, Nigeria has faced numerous threats to its stability, from security challenges to macro-fiscal imbalances. This government is fully committed to confronting these issues head-on. We are investing heavily in security operations to combat terrorism, banditry, and other forms of insecurity that threaten lives and livelihoods.  

8. Distinguished Ladies and Gentlemen, we are also implementing fiscal reforms to stabilise the macroeconomic environment. Removing fuel subsidies, unification of forex rates, and debt management strategies are all part of a broader effort to restore economic balance and ensure long-term stability. 

9. It is also important to note that stability is not just about managing crises as they arise. It is about building a resilient economy that can withstand shocks, ensuring the stability of the macroeconomic indicators and sustained growth trajectory. To achieve this, we must strengthen our social safety nets and ensure that the most vulnerable members of society are protected during tough times. We are already expanding programmes like the National Social Investment Programme (NSIP), National Poverty Reduction with Growth Strategy and other livelihood support initiatives critical to millions of Nigerians. However, we must do more to institutionalise these safety nets and make them a permanent feature of our economic architecture. 

10. No single sector or stakeholder can address these challenges alone. What we need now, more than ever, is collaboration—where the public and private sectors, civil society, and international development partners collaborate to drive a shared vision for growth and development. 

11. I want to emphasise that the challenges before us, while significant, are manageable and can be overcome. With the right policies, the right partnerships, and the right level of commitment, Nigeria can emerge stronger, more competitive, and more resilient.  

The Nigerian Economic Summit remains invaluable for fostering the dialogue and collaboration needed to move our country forward. Let us use this platform to discuss and make actionable recommendations that will inform policy to drive growth, enhance competitiveness, and secure long-term stability for Nigeria. 

12. On this note, I am honoured to declare the 30th Nigerian Economic Summit Open. I wish you fruitful deliberations.   

13. Thank you for your attention, and may God bless the Federal Republic of Nigeria. 

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Immunization: Stakeholders raises alarm over 2.6m zero dose children in 2020

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By Laide Akinboade, Abuja

Stakeholders in the Health sector, have raised alarm over
2.6 million children in Nigeria being zero-dose, in 2020, meaning they had not received a single dose of any vaccine in the immunization schedule.

Chika Offor, CEO of Vaccine Network for Disease Control, who was one of the speakers, at a recent immunization budget analysis workshop, raised the alarm in Abuja.

The theme for the workshop is, “Sustaining Immunization through Strong Primary Healthcare: Empowering Advocacy and Partnerships for Long-Term Vaccine Financing at the Subnational Level,”.

She lamented that, Kano State has the highest number of zero-dose immunization cases in Nigeria, with 15 local government areas (LGAs) identified as high-burden, according to Save the Children.

According to her, “The 2021 Multiple Indicator Cluster Survey/National Immunization Coverage Survey (MICS/NICS) revealed that in Northern Nigeria, an estimated 65% of children are categorized as zero-dose, with the North East and North West regions accounting for 27% each. Bauchi State in the Northeast has the second-highest zero-dose rate at 35%. These statistics indicate that Nigeria faces significant challenges in achieving the Immunization Agenda (IA2030) target of fully vaccinating 90% of eligible children by 2030.

“Gombe State: Gombe State is estimated to have a significant burden of zero-dose children. Recent reports indicate that Gombe accounts for a substantial proportion of the zero-dose child population in Nigeria, with estimates placing the number around 53,000 and routine immunization coverage for key antigens like DPT1 and DPT3 hovering around 30%.

“Kano State: As the most populous state in Nigeria, Kano faces immense challenges in reaching all eligible children with vaccines. Despite improvements during targeted campaigns, significant coverage gaps remain, with overall routine immunization rates reported at approximately 40% for DPT3, indicating a high number of zero-dose children.
Jigawa State: Jigawa State struggles with optimal routine immunization coverage, recording about 32% for DPT3. Despite efforts to strengthen healthcare systems, a notable number of zero-dose children persist, with estimates indicating that 45,000 children have not received any vaccinations..

“Bauchi State: Bauchi State grapples with low routine immunization coverage, estimated at 38% for DPT3. The state faces challenges related to infrastructure and community acceptance, with approximately 60,000 children classified as zero-dose, highlighting the need for targeted interventions.

“Adamawa State: Adamawa State faces significant challenges in immunization coverage, contributing to a notable burden of zero-dose children. Recent estimates indicate that around 47,000 children in Adamawa have not received any vaccinations. Routine immunization coverage for key antigens, such as DPT3, is reported to be approximately 35%, highlighting a critical need for targeted interventions to improve access and uptake of immunizations. The state’s healthcare infrastructure and community engagement efforts are essential to addressing these gaps and ensuring that all eligible children are vaccinated”, she said.

While Ekiti State has one of the highest number of coverage with over 90% immunization coverage, setting an example of what is possible even within the Nigerian context.

The stakeholders therefore agreed that it is imperative for the three tiers of government and citizens to prioritize domestic resource mobilization to safeguard the country’s immunization progress and prevent the collapse of its Primary Health Care system.

Chika who lamented over the growing vulnerability of the poor, especially as many PHCs in the Federal Capital Territory (FCT) remain shut due to local government staff strikes.

“Do you know that many of the primary health care centers in the FCT are closed?” she asked. “The LGAs are on strike, and because of that, the health centres are shut. Now let’s think what happens to the poor and vulnerable who cannot afford private hospitals?”

Offor commended the resilience of participants who travelled from various states some risking insecurity in the North to attend the workshop.

“I want to celebrate my brothers and sisters who came by road from the North despite all the insecurity. They risked their lives to be here because they believe in strengthening the health system,” she said, drawing applause.

She emphasized the need for Nigerians to take ownership of their health systems and end overreliance on foreign aid.

“Let us come with our passion. Let us come with the desire to make that change to learn. We cannot continue depending on external funding. It’s time we looked inward to finance our own health solutions,” she said

Her sentiments were echoed by Chika Nwannko, Head of Programs at the Vaccinate Health and Disease Program, who argued that the COVID-19 pandemic should have taught Nigeria the importance of self-reliance.

“At the beginning, if nothing taught us anything, COVID did. Despite all the aid from the global net, they prioritized their people and rightfully so. This is our country. We must begin to look inward,” Nwannko said.

She shared stories of grassroots innovation, including one from Imo State, where 30 women, after receiving small grants, raised ₦500,000 to purchase blood pressure monitors and weighing scales for their community PHC.

That’s ownership. That’s sustainability,” she noted.

In Abuja’s Kabusa community, Nwannko highlighted how Beelback Kitchen, a local restaurant, renovated and equipped a PHC through its corporate social responsibility initiative.

What are we talking about? A restaurant is financing a PHC. So yes, anyone can do it. Philanthropists, CSOs, private individuals. It’s time to shift from dependency to partnership and participation.”

According to her, the new approach emphasizes structured collaboration between civil society, government, media, and the private sector with memoranda
memoranda of understanding and clear operational frameworks to ensure sustainability.

As Nigeria continues its efforts to eliminate zero-dose children and expand equitable healthcare, stakeholders at the forum agreed on one thing: the future of public health must be homegrown.

Yes, international donors are welcome. But sustainability? That must be Nigerian,” Nwannko concluded.

Earlier , Muhammad B. Abdullahi, Deputy Director of Primary Healthcare in Jigawa State, said they had drastically reduced the number of zero-dose children through State Outreach Days and mobile immunization teams.

“Our Masaki Project, which uses local food to combat malnutrition, is another community-driven initiative making a difference,” he added.

The Masaki Project trains volunteers to teach families how to use locally available food to prevent malnutrition, identify at-risk children early, and refer severe cases for treatment.

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NPC Commissioner Designate Donates N55m Classrooms to Nasarawa Community

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Dr Joseph Kigbu, newly appointed Federal Commissioner, National Population Commission (NPC) representing Nasarawa State, has donated a classroom block worth N55 million to the Barki Abdullahi (BAD) community, Lafia Local Government Area.

Kigbu inaugurated and handed over the project at the Roman Catholic Mission (RCM) Primary School to government on Friday in Barki Abdullahi.

He said that the donation was meant to give back to the community that made him what he had become in the society.

Kigbu, a former Federal lawmaker representing Lafia/Obi Federal Constituency in the House of Representatives, was recently appointed by President Bola Tinubu as a Commissioner to represent Nasarawa State at the NPC, but yet to assume office.

He explained that the structure consisted of three classrooms, an office, all connected to solar system, and national power grid.

“This is the school I attended and since God has blessed us, we must support the school and make it more conducive for learning.

“Students in our villages do not need to go to schools in cities before they use electricity to learn,” he added.

Kigbu said he had dedicated his life to serving humanity both in and out of public office.

He said: “Even before I was elected to the House of Representatives in 2011, I had a medical forum that offered free medical treatments to indigent people across the state.

“While in public office, there was no part of my constituency that I had not made a mark in terms of projects and empowerment.

“I gave them quality representation, and the free medical treatments are still ongoing  in the state and other parts of the country.

“I have also completed the building of the multi-billion naira hospital for the poor in Azuba, Lafia.

“The hospital, equipped with state-of-the-art equipments, would begin operation in September 2025.

“The hospital is for the poor and services will be free of charge by the grace of God.”

He also used the opportunity to appreciate President Tinubu and Gov. Abdullahi Sule for his recent appointment as a federal commissioner to represent the state in NPC.

He further declared his intention to join the 2027 governorship race in the state.

Receiving the project, Gov. Abdullahi Sule represented by Mohammed Sani-Bala, Permanent Secretary, Ministry of Education, thanked the philanthropist for the gesture.

He described the project as special one  that would go a long way to complement the effort of the government toward providing quality education in the state.

Similarly, Dr Aliyu Bello, Nasarawa State Chairman of All Progressives Congress (APC), appreciated the donor for his philanthropic efforts.

Bello congratulated Kigbu on his new appointment and called on other leaders to emulate him and give back to their communities. (NAN).

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BEDC Rejects Alleged Takeover Plot by Ondo Govt, Urges Respect for Regulatory Framework

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The Benin Electricity Distribution Company (BEDC) and its subsidiary, BEDC Electricity Ondo Limited (BEOL), have strongly condemned an alleged plan by the Ondo State Government to assume control of electricity distribution operations in the state.The condemnation was issued in a statement responding to the announcement by the Special Assistant to the Ondo State Governor on Power, describing the state government’s move as illegal, provocative, and disruptive to ongoing partnerships.

BEDC’s statement was released on Friday in Benin by its Chief Revenue Cycle Manager, Mr Collins Igwe.According to Igwe, while the Electricity Act 2023 empowers states to regulate their electricity markets, it does not authorise them to unilaterally take over distribution operations.
BEDC stated that any such move would violate the joint communiqué reached after a strategic meeting between BEDC/BEOL and the Ondo state government aimed at addressing power challenges.“Any such move undermines the spirit of collaboration and mutual understanding agreed upon to resolve electricity issues in the state.“We have a legal mandate to operate in Ondo. This attempted encroachment is unacceptable,” Igwe said.He emphasised that the power supply challenges in Ondo were part of broader national issues, and reiterated BEDC’s commitment—through BEOL—to implementing long-term, sustainable solutions.“We are open to partnerships, but any approach must respect due legal processes and the agreements made in good faith,” he added.Igwe also explained that the jointly signed communiqué established a clear roadmap for collaborative solutions.He said it recommended the creation of a power supply committee to address electricity access in underserved and unserved communities through a mutually agreed framework.The company warned that any unilateral action or interference in its operations would constitute a breach of agreement and could disrupt electricity distribution services across the state.“The company reaffirmed that it remains the duly licensed operator in Ondo and will protect its infrastructure in line with Nigerian laws and regulatory standards.“We call on those currently attempting to interfere with our infrastructure to desist immediately to avoid legal consequences,” the statement said.Igwe further urged the public to disregard the controversial publication, describing it as misleading, unauthorised, and detrimental to ongoing collaborative efforts.He reaffirmed the company’s commitment to delivering improved electricity services in Ondo state, prioritising transparency, legal compliance, and community engagement.“We remain focused on constructive dialogue with all stakeholders to ensure sustained progress and stability in Ondo state’s power sector,” Igwe said.(NAN)

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