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Nigeria’s Economy Is Stable Again – VP Shettima Declares

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Vice-President Kashim Shettima says Nigeria has exited its phase of economic instability and is now positioned as an attractive destination for global investors.

Speaking on Wednesday at the Bauchi Investment Summit 2025, Shettima said the administration of President Bola Tinubu has stabilised the economy through difficult but necessary reforms.

He said when the Tinubu administration assumed office in 2023, Nigeria’s debt service-to-revenue ratio was about 100 percent, pushing the economy to the brink.

His words: “Today, our debt service-to-revenue ratio has dropped to less than 50 percent, while GDP growth stands at 4.23 percent.

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“Our non-oil revenues grew by 411 percent year-on-year as of last month, and our tax-to-GDP ratio now stands at 13.5 percent, up from barely 7 percent a few years ago.

“Our debt-to-GDP ratio remains at 38.8 percent — far below the fiscal threshold — and external reserves have grown to $43 billion as of September 2025.”

The vice-president said Nigeria’s improved fiscal performance reflects the government’s resolve to eliminate structural bottlenecks and foster economic resilience.

“You cannot guarantee enduring growth without stability. It was this conviction that inspired our bold reforms to harmonise the exchange rate regime and dismantle the fuel subsidy structure, which had become an avenue for rent-seeking and corruption,” he stated.

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Shettima added that the administration’s priorities include job creation, food security, value-chain development, and harnessing the economic potential of subnational governments.

He said Bauchi State has the capacity to drive investments in agriculture, solid minerals, renewable energy, and tourism through its abundant resources and strategic location.

“The federal government remains resolute in ensuring security across the nation because no economy can thrive where fear replaces freedom,” he said.

The vice-president commended Governor Bala Mohammed for hosting the investment summit, describing it as a model for subnational economic renewal.

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He urged participants to “move beyond talk and commit to concrete memoranda of understanding, set timelines, and appoint implementation teams” to ensure tangible results.

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LP Approves Dr Chibuzo Okereke As 2027 Presidential Candidate

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By Kayode Sanni-Arewa

The Labour Party(LP) has formally presented Dr. Chibuzo Okereke as its presidential candidate for the 2027 general election, following what the party described as a broad-based consensus among its members and stakeholders.

The announcement was made in Abuja on Friday, May 30, 2026, with party leaders expressing confidence in Okereke’s capacity to provide the visionary leadership needed to address Nigeria’s governance and development challenges.

National Publicity Secretary of the party, Ken Eluma Asogwa in a statement indicated that Dr. Okereke is a renowned governance expert, policy strategist, and reform advocate whose contributions to public policy, legislative governance, and institutional development have earned him national recognition.

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He currently serves as President of ERGAF-AFRICA Legislative Governance Innovation and Policy Hub, a leading policy and legislative research institution. He is also a legislative consultant to key committees and ranking members of the National Assembly, where he provides expert guidance on governance and public policy matters.

In addition, Dr. Okereke is a Resident Lecturer in the Department of Public Policy and Administration at Miva Open University, Abuja, where he is involved in training future public sector leaders and policy professionals.

A distinguished scholar, Okereke holds a PhD in Legislative Governance Studies, as well as Master’s degrees in Public Administration and Legislative Studies, both obtained with distinction

His expertise in governance, accountability, and national development has made him a respected voice on major national and international media platforms.
Beyond academia and policy advocacy, the Labour Party noted that Dr. Okereke has demonstrated a strong commitment to youth empowerment, educational advancement, and democratic reforms.

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The party described him as a leader whose intellectual capacity, integrity, and dedication to public service align with its vision for a more accountable, competent, and prosperous Nigeria.

The party expressed optimism that his candidacy would inspire Nigerians seeking transformational leadership ahead of the 2027 presidential election.

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Nigerian Catholic priest convicted of sexual assault in US

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A Texas jury has convicted former Roman Catholic priest Anthony Odiong of sexually assaulting women to whom he provided spiritual direction, concluding a closely watched case involving allegations that he abused his position as a clergyman to pursue sexual relationships with vulnerable parishioners.

The jury, comprising eight women and four men, found Odiong, 57, guilty of one count of first-degree sexual assault and two counts of second-degree sexual assault involving two women who testified during the trial in Waco.

Odiong, who pleaded not guilty, now faces a possible life sentence on the first-degree charge. Sentencing proceedings are scheduled to begin Monday before the same jury. The second-degree convictions each carry potential prison terms ranging from two to 20 years, The Guardian reports.

Jurors deliberated for about two hours before returning their verdict.

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The case initially included allegations involving a third woman, but prosecutors Ryan Calvert and Liz Buice dropped that portion of the case after the complainant, described as being in an “extremely emotionally fragile” state, did not appear in court to testify. Prosecutors said they chose not to compel her appearance, citing her “extremely tenuous” emotional condition.

According to courtroom accounts, Odiong showed little visible reaction as Judge Thomas West read the verdict. He reportedly looked straight ahead during the proceedings before lowering his head as deputies escorted him from the courtroom.

The prosecution stemmed from allegations first brought to public attention in February 2024 by a group of women who accused Odiong of sexual coercion, unwanted touching and abusive financial control while serving as a Catholic priest in Texas and later in Louisiana.

One of the complainants, identified by the pseudonym Mary Doe, later presented a copy of a media report detailing the allegations to Waco police and accused Odiong of assaulting her over three years beginning in 2008.

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Investigators subsequently identified a second complainant, known as Jane Doe, who also alleged abuse during the same period while Odiong served in the Waco area. Authorities said additional reports from other women helped establish probable cause for his arrest and prosecution despite the age of the allegations.

During the trial, Mary Doe testified that Odiong initiated a long-term sexual relationship with her while acting as her spiritual adviser as she navigated a difficult divorce and cared for seven children. She and one of her sons told jurors that the child once discovered them having sexual intercourse in her bedroom following a family gathering.

Jane Doe testified that she sought spiritual guidance from Odiong while trapped in an abusive marriage. She alleged that he pressured her to permit sexual acts with her husband that she found painful and then required her to discuss the encounters with him. Prosecutors argued that such conduct constituted sexual assault under Texas law even though Odiong was not directly involved in the sexual activity.

Both women said they met Odiong while he served at St Peter Catholic Center in Waco, a church frequented by students and employees of Baylor University. Their former husbands were Baylor employees, placing them within Odiong’s pastoral reach.

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Jurors also heard evidence that DNA testing established Odiong had fathered a child in 2023 with a woman identified as Presley Jones, whom he had counselled spiritually while serving as pastor of St Anthony of Padua Church in Luling, Louisiana.

Although Odiong was not charged in connection with Jones because Louisiana lacks a law similar to Texas’ clergy sexual assault statute, prosecutors argued that the child demonstrated a pattern of sexual relationships with women he met through his ministerial work.

Expert witnesses told the court that clergy members bear responsibility for maintaining professional and spiritual boundaries with those under their care. Jurors also heard testimony regarding the Catholic Church’s requirement that priests remain celibate.

The defence called only one witness, a former parishioner, who testified about Odiong’s character and recalled attending a 2011 gathering at Mary Doe’s home. Under cross-examination, however, the witness acknowledged that Odiong’s conduct fell short of expectations for a religious leader.

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Odiong, a naturalised United States citizen, was ordained a Catholic priest in 1993 in his native Nigeria. He was transferred to the Austin Diocese region, which includes Waco, in 2006 under then-Bishop Gregory Aymond.

After studying in Rome, Odiong moved to Luling in 2015, by which time Aymond had become Archbishop of New Orleans.

Church officials in Austin later said they suspended Odiong from ministry in 2019 over allegations involving multiple women. The suspension was not publicly announced at the time, though officials said New Orleans church leaders were informed. Archbishop Aymond did not publicly disclose a similar suspension in New Orleans until late 2023.

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‘So much injustice going on in Nigeria’ – British rapper Skepta

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British-Nigerian rapper, Joseph Adenuga, popularly known as Skepta, has expressed deep concern over the worsening injustice in his Nigeria.

Speaking in a video broadcast, the ‘Bad Energy Stay Far Away’ crooner appealed to celebrities and the international community to assist Nigerians in drawing the global attention to the injustices in Nigeria.

He explained that Nigerians are resilient but have been suffering injustice for long.

“There is so much injustice in Nigeria. And whenever I can whether it is at my shows, verbally or images, whatever I can do, we are going to speak up for injustice at all time.

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“Nigerians need help. We need people to speak up for us as well. We need to protect Nigerians. There is so much injustice in Nigeria.

“This is my message to the people; please, I know that we [Nigerians] are resilient and we make everything look good, but we need help, too. Please, help us,” he appealed.

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