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NEC seeks accelerated transition from oil to non-oil economy
The National Economic Council (NEC) has called for accelerated transition from oil to non-oil economy through competitive manufacturing, export diversification, and private sector investment.
Vice-President Kashim Shettima, who is the Chairman of the council, made the call in his opening remarks, during the 156th NEC meeting and first in 2026, held virtually.
Shettima observed that while “global powers assert their interests with renewed confidence, commodity markets will remain volatile,” with oil prices, exchange rates, and capital flows frustrating the nation’s policies.
He noted that the current economic reality has reinforced the urgency of fiscal risk management and the need to reduce the nation’s economic and revenue exposure to oil.
According to him, the non-oil economy has emerged as the backbone of Nigeria’s growth story, accounting for about 96 per cent of the country’s GDP and is expanding at about 4 per cent.
“Services, agriculture, and other non-oil sectors are increasingly carrying the weight of the economy.
” More importantly, non-oil revenues now contribute nearly three-quarters of total government collections.
” This marks a significant, if gradual, departure from our historic dependence on volatile oil receipts.
” The task before us is to deepen this transition through competitive manufacturing, export diversification, and private sector investment,” he said.
Shettima acknowledged that while it was the first meeting of the council for the year 2026, the consequences of the choices made last year demand coherence, courage, and consistency in the new year.
“This moment in our journey calls for neither triumphalism nor despair. What it calls for is perspective.
“The Nigerian economy has travelled a difficult road over the past year, but it has not travelled it without progress,” VP said.
Shettima, who said that the nation’s economy witnessed significant growth in 2025, attributed the rapid growth to the visionary leadership of President Bola Tinubu.
“In 2025, our economy expanded by 3.9 per cent, the fastest rate of growth in over a decade.
“Quarter by quarter, this momentum was evident: growth strengthened from 3.13 per cent in the first quarter to 4.23 per cent in the second, before settling at 3.98 per cent in the third.
” This is the outcome of hard decisions taken in difficult circumstances, and this is not a surprise with a visionary like His Excellency, President Bola Tinubu, leading the charge.”
Shettima added that acceleration of economic growth must not be confused with adequacy.
He observed that “a growth rate of 3.9 per cent, while encouraging, is not sufficient to decisively reduce poverty, generate jobs at the scale our population demands, or lift per capita incomes in a way that ordinary Nigerians can feel.
“With population growth at about 2.6 per cent annually, this rate of expansion leaves us with little room to absorb inflationary pressures or external shocks. Our ambition, therefore, must be higher,” he added.
The News Agency of Nigeria (NAN) reports that after presentation on the economic priorities for 2026 by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the council resolved to deepen engagement with stakeholders to boost non-oil revenues.
The council has also approved the constitution of a committee on the implementation of the President’s directive on the actualisation of the legacy projects.
The committee is chaired by the Governor of Cross River State, while one governor from each sub-region will serve as member of the committee as follows: North West (Sokoto), North East (Gombe), North Central (Niger), South East (Abia), and South West (Lagos).
The Permanent Secretary of the Ministry of Budget and Economic Planning, Deborah Odoh, would serve as Secretary, while the Ministers of Works and Transportation will also serve on the committee.
The presentation highlighted key reforms implemented by the Tinubu administration, including targeted programmes that have removed distortions in the system, stabilised the economy and put Nigeria on the path of sustained recovery and prosperity.
The presentation also reflected the country’s current global recognition, which is reinforcing investor confidence in the economy projected to grow at 4.68 per cent in 2026.
The key priorities according to the Minister, include maintaining Nigeria’s economic competitiveness through sound governance, improved availability and affordability of food.
This, according to him, will ensure human capital development with improved social protection and timely payment of debt service, salaries and pensions.
Similarly, in its resolution, NEC noted and commended the Federal Government’s plans to unlock rapid and sustained job-rich growth, high-quality jobs, and entrepreneurship opportunities.
The council also resolved to dedicate a special session to address salient issues raised in the country’s food security efforts, particularly issues on agricultural productivity.
The highlights of other deliberations and resolutions at the NEC meeting were the update on account balances as at Jan 14.
The Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, gave update to council on the following accounts; Excess Crude Account $535,823.39, Stabilisation Account N64,652,693,552.36 and the Natural Resources Account N97,369,382,081.96.
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IKOH NDI ABIA 2027: The Maturity Of Time For A Calm, Experience And Winning Leadership In Abia State
By Aaron Mike Odeh
Politics, especially in a developing democracy like ours, is beyond mere political activities and electoral contests. It is fundamentally about leadership, vision, emotional intelligence, capacity, and the ability to inspire confidence among the people. In moments when the destiny of a people stands at a defining crossroads, wisdom demands that political parties and stakeholders place competence, experience and acceptability above sentiments and unnecessary experimentation.
As someone who has actively participated in Abia politics for over twenty-six years, occupying different positions at appointment status, i believe I possess the moral standing and practical experience to speak with clarity on the political future of Abia State and the direction the All Progressives Congress (APC), should take ahead of the 2027 governorship election.
My political journey and Media Consultancy has taken me across the length and breadth of NIGERIA including Abia State. From Arochukwu to Ukwa, from Umunneochi to Ikwuano, I have interacted closely with party leaders, grassroots mobilizers, traditional institutions, youths, women groups and stakeholders across different divides. I have watched governments emerge and fade. I have seen political structures built and dismantled. I have equally studied the expectations, emotions and aspirations of Abia people over the years.
From this wealth of experience and practical evaluation of Abia politics, one fact has remained consistently clear: for APC to genuinely position itself for victory in 2027, the party must present a candidate with political maturity, administrative experience, emotional stability, credibility and the capacity to unite various interests within and outside the party.
Without hesitation, I strongly believe that Chief Henry Ikechukwu Ikoh perfectly fits into this critical expectation.
Chief Ikoh represents a rare blend of humility, experience, consistency and strategic political understanding. In a political environment often dominated by controversies, unnecessary bitterness and divisive tendencies, he has remained calm, focused, approachable and remarkably stable. These qualities may appear ordinary to some people, but in practical governance and political management, they are indispensable virtues that sustain leadership and build confidence among the electorate.
One of the strongest assets Chief Ikoh possesses is his maturity and ability to relate across political, ethnic and social lines. Politics in Abia today requires a leader who can build bridges rather than walls; a leader who understands that governance succeeds better when stakeholders are respected and united under a common vision. Chief Ikoh has demonstrated this quality over the years through his interactions with people across party affiliations and communities.
Beyond his personal qualities, Chief Henry Ikechukwu Ikoh possesses extensive experience in public service and political administration. Leadership is not learned overnight. It is developed through years of service, sacrifice, strategic engagement and practical exposure. Abia State at this moment requires a leader who understands governance, appreciates political realities and possesses the administrative competence to navigate the challenges confronting our people.
Another important factor that distinguishes Chief Ikoh is his consistency of purpose. His aspiration to govern Abia State is not a sudden ambition driven by opportunism or political convenience. Since 2003, he has remained steadfast, focused and committed to his vision for the state. Such consistency speaks volumes about conviction, preparedness and genuine passion for service.
In politics, consistency builds trust. It reassures the people that a leader is not merely pursuing personal ambition but is driven by a long-term vision and commitment to societal development. This is one quality many Abians have come to appreciate in Chief Ikoh.
Furthermore, APC as a party must begin to prioritize electability and acceptability ahead of internal sentiments. Elections are won not merely through slogans, but through strategic calculations, grassroots acceptance and broad-based support. The reality before us is that the people of Abia are yearning for a leadership that is calm, responsible, inclusive and development-oriented. They desire a leader who can listen, unite and inspire confidence across different sectors of society.
Chief Henry Ikechukwu Ikoh possesses these qualities in abundance.
His calm disposition, amiable personality and infectious ebullience naturally attract people to him. He is not known for needless controversies or divisive politics. Rather, he embodies the spirit of maturity and responsible engagement that APC needs to expand its acceptance across Abia State.
The journey toward 2027 should therefore not be approached with bitterness, selfish calculations or divisive tendencies. It should be approached with sincerity, wisdom and genuine concern for the future of Abia State and the success of our great party.
There comes a moment in the life of every people when destiny presents an opportunity that must not be ignored. I strongly believe that moment has come for APC in Abia State.
Indeed, as the Holy Scripture declares, “The time to favour Zion, yea, the set time, has come.” For Abia State, this is the maturity of time to embrace tested experience, political maturity and purposeful leadership.
With deep sense of responsibility and commitment to the progress of our state, I most respectfully appeal to APC stakeholders, leaders and delegates to rally behind Chief Henry Ikechukwu Ikoh and support the vision of IKOH NDI ABIA 2027.
This is not merely about an individual ambition; it is about giving APC the strongest opportunity to win the governorship election and provide purposeful leadership for the good people of Abia State.
The task before us is collective. The future is now. And the time is ripe for a leader with capacity, humility, experience and vision.
THE SET TIME IS NOW!
Aaron Mike Odeh, A Public Affairs Analyst, Media Consultant, Human and Community development advocate wrote from Post Army Housing Estate Kurudu Abuja
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Alleged Coup Trial: Cleric Says He Warned That The Plot Would Fail
*Admits he received money for ‘prayers’
A Federal High Court in Abuja, on Monday, viewed a video- recorded statement by Sheikh Sani Abdulkadir, the sixth defendant in the ongoing trial of persons accused of conspiring to overthrow the government of President Bola Tinubu.
In the recording, the Sheikh, who admitted receiving money to pray for the success of the operation, however, claimed that he warned the alleged plotters that their plan was doomed and that they would be sabotaged from within.
The video recording was played during the continuation of trial proceedings, with the fourth prosecution witness (PW4) still in the witness box.
In the recording, Abdulkadir, an Islamic cleric, said he had known the alleged ringleader, Colonel Maaji, for less than a year and was approached through an intermediary identified as Sanda to offer spiritual support for the plot.
He told investigators that Sanda informed him that his “Oga” intended to stage a coup and needed prayers regarding its likely success. After conducting the prayers, Abdulkadir said he advised them the operation would fail and that two persons would eventually expose those involved.
A subsequent request was relayed back to him, he said, asking for further prayers to prevent those two individuals from speaking out. Money was later transferred to him for prayers and charity, and names of alleged participants were forwarded for inclusion.
Abdulkadir said he first learnt of the arrests through media reports, after Sanda had informed him that Colonel Maaji had been unreachable for four days. He maintained throughout the recording that the funds he received were strictly for prayers and not in support of any coup attempt.
He also acknowledged understanding that a coup meant a military overthrow of government but said he did not report the plot because he did not know who to report to.
The cleric said his arrest came after he visited the Economic and Financial Crimes Commission (EFCC) to resolve restrictions placed on his bank account.
Upon contacting an EFCC deputy director, he was invited to the commission’s office to explain the source of the funds. He denied making any coup-related statement while in EFCC custody and stated that he was neither assaulted nor tortured, and that all his statements were made voluntarily.
Following the playback, the prosecution sought to tender extra-judicial statements made by all six defendants before a Special Investigation Panel and military police authorities.
However, defence lawyers of all six defendants objected, arguing the statements were either involuntarily obtained or made in violation of the Administration of Criminal Justice Act (ACJA).
Their objections include failure to inform defendants of their right to legal representation; alleged discrepancies between video recordings and corresponding written statements; allegations of coercion, inducement and torture; and claims that the footage did not adequately establish the physical condition of defendants during recording.
Counsel to the fifth defendant further argued that, given the number of accused persons, the court should conduct separate trial-within-trial proceedings for each disputed statement rather than a combined exercise.
Responding, the prosecution urged the court to dismiss the objections, maintaining that the law does not mandate separate proceedings for each defendant and that the trial judge holds discretion over how evidence is received.
Justice Joyce Abdulmalik ruled in favour of a single joint trial-within-trial to determine the voluntariness and admissibility of all the disputed statements.
The case was then adjourned to May 12.
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2027 zoning debate: Opposition must choose strategy over sentiment — Atiku camp warns
The media office of former Vice President Atiku Abubakar has cautioned opposition political actors against embracing what it described as a self-defeating and intellectually dishonest narrative that insists the 2027 presidential ticket must be zoned exclusively to the South.
In a statement issued on Monday in Abuja, signed by Olusola Sanni, media aide to former Vice President Atiku Abubakar, the camp said while the ruling APC may understandably retain its southern presidential configuration around incumbent President Bola Ahmed Tinubu, it would amount to political naivety for the opposition to adopt the same logic without a sober assessment of electoral realities.
The statement noted that politics must be driven by strategy, coalition-building, and hard electoral arithmetic—not emotional talking points or selective moral arguments.
“The first and most obvious question is this: how does a Southern opposition candidate realistically unseat a sitting Southern president? Nigerian political history offers no precedent for such an outcome. No incumbent president has ever been defeated by an opposition challenger from the same geopolitical bloc. To insist otherwise is to enter the contest already defeated,” the statement said.
The Atiku camp further argued that the moral argument being advanced in favour of southern zoning collapses under scrutiny.
“By 2027, the South would have held presidential power for approximately 18 years in the Fourth Republic, compared to about 10 years for the North. If the South retains power for another four years, that disparity widens even further. It therefore becomes difficult to understand the justice in an argument that seeks to deepen an already existing imbalance under the guise of equity,” the statement added.
The statement also accused some political actors of selective memory and opportunism, particularly those who abandoned the zoning principle in 2011 following the death of President Umaru Musa Yar’Adua, only to now present it as a sacred political doctrine.
“It is intellectually dishonest for those who enthusiastically supported a Southern presidency under Goodluck Jonathan in 2011, despite the North’s legitimate expectation under the informal zoning arrangement, to now suddenly posture as custodians of rotational justice. Principles do not become sacred only when they align with personal ambition.”
While affirming that the Southeast’s aspiration to produce a president remains legitimate and deserving of serious national engagement, the statement warned against reducing that aspiration to what it called “transactional political bargaining.”
“The Southeast deserves a sustainable and credible pathway to national leadership—not symbolic tokenism or bespoke arrangements tailored to satisfy one individual’s ambition,” it stated.
The statement concluded by urging the opposition to focus on building a credible national coalition capable of defeating the incumbent rather than embracing narratives that may inadvertently strengthen President Tinubu’s re-election prospects.
“Defeating an incumbent president requires realism, not romanticism; strategy, not sentiment; honesty, not selective memory. The opposition must decide whether its goal is to make an emotional statement or to actually win power.”
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