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Cost Of Living: Nigerians Are Angry With Us, FG Admits
As many Nigerians groan in poverty due to the rising cost of living occasioned by unprecedented inflation, Vice-President Kashim Shettima has said the poor in the country are angry with government officials and other members of the elite, who constitute the minority.
The vice-president said this at the graduation ceremony of the Executive Intelligence Management Course 16 participants from different security agencies and nominees of state governments in Abuja on Saturda
The event was organised by the National Institute for Security Studies.
This is the first time a senior government official is admitting the biting hardship in the country, which has been aggravated since President Bola Tinubu took over the reins of government on May 29, 2023.
In his inauguration speech, the President had declared that subsidy on petrol was gone for good, and hours after that statement, the pump price of petrol jumped from N238-N263 per litre to a minimum of N500. It currently sells for between N580 and N615.
As Nigerians were adjusting to the new reality and the attendant increase in the prices of goods and services, including transport fares, the Federal Government announced the decision to allow the exchange rate of the naira to major international currencies float and be determined by demand and supply.
That decision immediately led to a significant depreciation of the local currency, which peaked at N465.07 against the United States dollar just weeks before Tinubu’s inauguration. The scarcity of dollars and other major international currencies led the naira to climb to over 1,000 against the greenback.
Just on Friday, the naira fell to an all-time low of N1,099.05/$ at the official Investor and Exporter forex window to cap what had been a turbulent couple of months for the national currency.
This signifies a 30.36 per cent decline from its closing rate of N843.07/$ according to data from the FMDQ Securities Exchange. That was the lowest rate that the naira had closed since the Central Bank of Nigeria moved to adopt the I&E window as the official trading channel for the currency.
Since June, the naira has lost more than 40 per cent of its value, adding to inflationary pressure in the country.
Shettima, however, said on Saturday, “All of us here belong to a tiny segment of the Nigerian population. And you don’t need a soothsayer to tell you that the poor are angry with us. Go to the slums and mingle with the poor. I am a native of Maiduguri (Borno State Capital). Anytime a rich man brought a new car to his house, it (the house) used to be a place of pilgrimage.
“People (used to) go and see not out of anger, but out of admiration. But now, as we cruise around in our bulletproof cars, one will see contempt in the eyes of the poor. We have to improve the quality of governance. And what we have is a tiny window of not more than 10 to 20 years. Let’s improve the quality of governance.”
He also noted that creating jobs and giving hope to the populace would help curb insecurity in the country.
The VP added, “Let’s create jobs; let’s give hope to the populace. And once we create jobs, all this madness of insecurity will disappear. There won’t be Boko Haram and banditry if this is done, especially for us from the North. We can blame the bandits, but we in leadership positions owe it to posterity to address this.
“They (the poor) are the most neglected segment of our society. You can hardly differentiate between them and their animals. Even the animals they rear belong to those in the city. So, there have to be kinetic and non-kinetic solutions to all the problems. Be it the IPOB agitation in the South-East; be it the challenges in the South-South; be it Boko Haram or rural banditry in the North-East, North-West, and North-Central.”
He, however, urged the citizens to be patient with the President and support his efforts to reposition the country.
“I want to ask you to give the President the benefit of the doubt. Let us support you. Let us rally around and be reassured that he is determined to redefine the meaning and concept of modern leadership, and is ever ready to reposition the Nigerian nation. But without the support of you and I, he can’t do much,” the VP said.
He berated those seeking to secede from the country, noting that they “hardly think beyond their noses.”
Shettima said, “It’s easy to predict failure. But what about success, what is the end result of failure? It is destruction. Just two million Syrians knocking on the doors of Europe, and they caused Brexit. They caused the emergence of Trump in America. So, how do you proceed? Those people who are agitating for the breakup of this nation, or the implosion of this country, they hardly think beyond their noses.
“They don’t think beyond the depth of their pockets. Surviving their way on the growth of the innocent and the agonies of our people will not do us any good. “
Also at the event, the Director-General of the Department of State Services, Yusuf Bichi, said the service would soon commence the production of unmanned aerial vehicles, AK-47s, and other weapons that would be used by its personnel.
According to him, this is to reduce the heavy reliance on foreign countries for weapons and the huge resources for the procurement of such weapons.
He noted that when the plans materialise, the service would deploy the weapon across the country.
The DSS boss said, “We shall support the institute in its training programmes. I care for the welfare of our staff members, active and retired. We shall never go back on that. We’ll also continue to pay attention to our research and development.
“In fact, sooner or later, we shall start eating what we produce, and we will produce what we eat. This is coded. It means that we shall start deploying some of the assets we have or the platforms we produce by ourselves, including unmanned aerial vehicles. We are producing our AK-47.
“When we reach the destination, we will save the country from the pain of the resources being chunked out to buy such weapons.”
He also assured other security agencies of the DSS commitment to providing them with credible intelligence.
Bichi added, “We shall continue to appreciate all the agencies that partner with us in the journey so far. And I promise the other security agencies that the DSS will continue to provide you with proactive intelligence to drive your operations”.
News
US Embassy, Lagos Consulate Close Today For President’s Day
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
News
Four To Face Death Penalty Over DPO Angbashim’s Murder
A Rivers State High Court sitting in Port Harcourt has convicted and sentenced four persons to death by hanging over the gruesome killing of the former Divisional Police Officer of Ahoada East Police Division, SP Bako Angbashim.
The presiding Judge, Justice Sika Aprioku, in a landmark judgment, last Thursday, found the quartet guilty of conspiracy, murder, membership of a secret cult group and robbery, saying the prosecution proved its case beyond reasonable doubt.
Those sentenced to death by hanging are Robinson Sonabari, identified as a native doctor; Bright Okparawo; Precious Amaeze, popularly known as Selina; and Loveday Jack, also known as Ragged Excess. The court ordered that they be hanged by the neck until they are confirmed dead.
Justice Aprioku also convicted the sixth defendant, Samuel Nwadinma, and sentenced him to three years imprisonment for conspiracy.
The third accused person was, however, discharged and acquitted of the four-count charge.
In the same vein, the court discharged Famous Okechukwu, Samuel Uchendu, Oyekachi Ikonwa, Godbless Nnamdi and Marshall Daniel, who were earlier found guilty of membership of a secret cult group, on the grounds that they had already served the maximum terms prescribed by law in the correctional facility.
The court held that among those convicted was the native doctor who allegedly prepared the charm used in the killing of the late DPO.
Speaking with newsmen shortly after the judgment, the lead prosecution counsel from the Rivers State Ministry of Justice, Chigozie Amadi, alongside a representative of the police legal team, Celestine Dickson, commended the judiciary for ensuring that justice was served.
Dickson, who represented the Nigeria Police Force in the joint prosecution, expressed concern that officers saddled with the responsibility of protecting lives and property had increasingly become targets of criminal elements.
He, however, expressed optimism that the judgment would serve as a strong deterrent to would-be offenders.
Also reacting, the elder brother of the late DPO, Akasco Angbashim, who travelled from Nasarawa State to witness the judgment, said the verdict had healed a long-standing wound inflicted on the family since the brutal murder of their brother.
He commended the judiciary, the Rivers State Government and the police for their commitment to justice, stressing that the judgment sends a clear message that no individual has the right to unlawfully take another person’s life.
The four convicts were among 72 persons initially arraigned before the State High Court by a joint prosecution team comprising the Department of Public Prosecutions and the Rivers State Police Command over the murder.
During the trial, 61 accused persons, including the Eze Ekpeye Logbo, Eze Kelvin Anugwo, and a former Ahoada East Council Chairman, Cassidy Ikegbidi, were discharged and acquitted for lack of evidence, leaving 13 defendants to face judgment.
SP Angbashim was gruesomely murdered on September 8, 2023, during a police operation in Odemude community, Ahoada East Local Government Area.
His killing sparked tension in the area, prompting a joint security operation that led to the death of the suspected cult leader, David Okparanwo, popularly known as 2Baba.
By: King Onunwor
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