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Hardship’ll Be Over Soon, Shettima Assures Nigerians
Vice President Kashim Shettima has assured that the current economic challenges facing the country will soon be over and urged Nigerians to react to the current realities “in a responsible and mature manner.”
He added that the consequences of our past are the stark realities we face today, such as the rising cost of living as well as pessimism over the government’s ability to turn the economy around for growth and development.
Shettima, who was represented by his Special Adviser on Political Matters, Dr. Hakeem Baba-Ahmed, stated this during the 29th pre-Ramadan lecture organised by the University of Lagos Muslim Alumni (UMA) with the theme, “Economic Reforms for Nigeria: Challenges and Prospects for the Future,” held at the main auditorium of the University of Lagos.
Shettima noted that the forthcoming Ramadan would come with “severe” challenges for many Nigerians, adding that the current reforms might be challenging, but the government has no intention to punish Nigerians.
He said, “The leadership of President Tinubu recognizes that this Ramadan will come with severe challenges for most Nigerians. The road to where we are today was long and full of missed opportunities and tragic failures to build on our great potential.
“The consequences of our past are the stark realities we face today, such as rising cost of living and pessimism over our prospects to turn around our economy in the direction of growth and inclusive development.
“Yet, my brothers and sisters, we do not have the choice of continuing in the direction that brought us where we are today. We have to fix this country, and failure to do this is not an option. All the options we have are difficult and challenging, and they are, without a doubt, more telling on the poor. If there are easier and reliable alternatives to the policy choices we have adopted, we would have adopted them.
“Our administration does not plan to make the lives of Nigerians more difficult. Nor do we intend to deceive fellow citizens that the change in direction and the expected outcome can be achieved without pain or sacrifices.
“We are also acutely aware that ours is a set of related Nigerian problems, and the solutions we seek must be genuinely informed by a Nigerian context, not the experiences of others or the preferences of special foreign interests which are removed from consequences of mis-steps or errors of judgement.
“Fellow alumni, I appeal to you to help make space for our administration to achieve the goal of turning our nation around. As products of a distinguished institution, we have learnt that progress is only possible if it is informed by criticism and critical scrutiny.
“We expect that Nigerians should express their feelings over our circumstances in a responsible and mature manner. We are also a deeply religious people, and we believe in the powers of faith and prayers. Let us be reminded that Allah tests His servants with ease and hardship, and He asks that we pray to Him for relief from hardship, and discipline in times of abundance.
“I join you in praying that Allah will grant us the privilege of undertaking our Ramadan fast as prescribed by Him, and we shall receive the reward.”
Chairman of the occasion, Yusuf Ola-Olu Ali, represented by Deputy President of Muslim Ummah of Southwest Nigeria (MUSWEN), Alhaji Wale Sonaike, said any economic reform must be well thought out and diligently implemented, adding that Nigeria must transform from a consumption nation to a production nation.
Earlier in his welcome address, UMA President, Prof. Khalid Adekoya, expressed hope that the hardship would recede and better times would come when policies being introduced begin to yield good fruits.
Prof. Adekoya said this will materialise only if all stakeholders (government and the governed) “play their part in line with global best practices in rejuvenating an ailing economy and, above all, if we imbibe the fear of Allah in the true sense of it.”
He added, “However, we are obligated to take some practical steps as a nation. We must invest extensively and pragmatically especially in manufacturing and Agro-Allied industries. Manufacturing will promote local production, boost employment and reduce our dependence on imported goods. Agriculture will eliminate hunger and reduce crime and criminality.
“Government should also make concerted efforts to achieve fiscal and monetary policy consolidation to tackle inflation; strengthen our public services to improve efficiency and reduce corruption; improve the business environment to attract investment; fight insurgency and banditry to improve security nationwide.”
The Nigerian rail system generated N1.69billionn in revenue from passengers in the second quarter of 2024, reflecting a 53.14 per cent increase compared to the N1.10billion recorded in the same period of 2023.
This data was disclosed by the National Bureau of Statistics in its report released yesterday.
According to the report, a total of 689,263 passengers travelled by rail in Q2, representing a growth rate of 45.38 per cent compared to 474,117 passengers in the corresponding quarter of 2023.
The volume of goods transported via rail also saw a significant increase, with 143,759 tons moved in Q2 2024, up from 56,936 tons in Q2 2023. Additionally, the Nigerian Railway Corporation reported a volume of 5,940 tons of goods transported through pipelines in Q2 2024, an increase from the 2,856 tons recorded in the same period of the previous year.
Revenue from goods conveyed via rail stood at N537.36m in Q2 2024, a remarkable increase of 206.68 per cent compared to N175.22m in Q2 2023. The movement of goods through pipelines also contributed to revenue generation, with N42.08m collected in Q2 2024, compared to N12.81million in Q2 2023.
Other revenue receipts amounted to N994.68million in Q2 2024, representing a staggering increase of 5,206.68 per cent from the N18.74m recorded in the corresponding period of last year.
In the first quarter, of 2024, The Tide source reported that Nigeria spent more on servicing the debt incurred for building its railways than the revenue generated by its railway system. The country spent 2,470 per cent more on railway debt servicing than it made from revenue from rail services in the first quarter of 2024.
The Niger Delta Development Commission (NDDC) says it is committed to advancing projects and programmes that enhance food security and sustainable growth in the region.
Chief Monday Igbuya, the Delta State representative on the NDDC Board, made this pledge in a statement issued in Port Harcourt, yesterday by the NDDC’s Director of Corporate Affairs, Mrs Seledi Thompson-Wakama.
Igbuya spoke at the inauguration of a training and empowerment programme for women and youths in livestock and agro processing in Amukpe, Sapele area of Delta.
He stated that the NDDC was prioritising livestock training in line with President Bola Tinubu’s Renewed Hope Agenda.
“NDDC is focussed on implementing programmes to ensure food security and agricultural growth in multi sectors, aiming to improve living standards.
“It is our belief that for socio-economic development to take place, there is need to develop manpower in the agricultural sector,” he said.
Igbuya expressed confidence that training farmers would enhance livestock production, create jobs, and alleviate poverty in the Niger Delta.
Mrs Winifred Madume, NDDC Director of Agriculture and Fisheries, said that training farmers and entrepreneurs was essential for improving productivity and market access.
“The commission has been promoting research and development through various institutions and providing farming techniques to beneficiaries,” she said.
The Project Consultant, Dr Simon Akhaine, said that 200 women and youths had registered for the livestock and agro-business skill acquisition programme.
According to him, the programme aims to equip them with the essential knowledge and skills for self-sufficiency in livestock farming, thereby boosting regional food security.
President Bola Tinubu will not attend the 79th session of the United Nations General Assembly in New York this year.
In his stead, Vice President Kashim Shettima will lead Nigeria’s delegation to the annual summit.
Tinubu “wants to focus on domestic issues and address some of the country’s challenges, especially after the recent devastating flooding,” a statement from the President’s Special Adviser on Information and Strategy, Mr. Bayo Onanuga, revealed yesterday.
The statement is titled ‘Vice President Shettima to Lead Nigeria’s Delegation to the 79th United Nations General Assembly.’
It reads, “President Bola Tinubu will not attend the 79th session of the United Nations General Assembly in New York this year.
“Therefore, the President has directed Vice President Kashim Shettima to lead Nigeria’s delegation.”
Tinubu, who returned to the country last Sunday after his trips to China and the United Kingdom, “wants to focus on domestic issues and address some of the country’s challenges, especially after the recent devastating flooding,” said Onanuga.
At UNGA 79, Vice President Shettima will deliver Nigeria’s national statement to the General Assembly, attend important sideline events, and hold bilateral meetings.
The high-level General Debate, with the theme “Leaving No One Behind: Acting Together for the Advancement of Peace, Sustainable Development, and Human Dignity for Present and Future Generations,” will run from Tuesday, September 24, through Saturday, September 28, 2024.
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