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FG begins rehabilitation of 13 police training institutions
The Federal Government on Thursday disclosed that contracts had been awarded for the rehabilitation of 13 police training institutions nationwide, with 80 per cent of contractors having already received their award letters.
This was as Vice President Kashim Shettima on Thursday charged the National Economic Council to sustain ongoing economic reforms until improvements in the economy translate into jobs, stronger purchasing power, business confidence and better living conditions for Nigerians, as the council received updates confirming Nigeria’s reclassification to frontier market status by index provider FTSE Russell.
Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, Stanley Nkwocha, revealed this in a statement he signed Thursday titled ‘FG Commences Rehabilitation of 13 Police Training Institutions.’
Shettima, who chaired the 160th NEC meeting at the State House, Abuja, stressed that the government must remain focused on implementing policies beyond their announcement, stating that continuity and measurable outcomes were critical to earning public confidence.
“There is no doubt that a serious government is measured by the matters it refuses to abandon. While attention may reveal a problem, continuity determines whether the problem yields to policy,” he said.
He said macroeconomic indicators must ultimately be felt at the household level to carry political meaning.
The VP stated, “Macroeconomic progress must therefore continue its passage into jobs, purchasing power, business confidence and stronger subnational economies, because numbers become politically meaningful when citizens recognise themselves in their improvement.”
He urged council to maintain follow-through on existing programmes rather than allow new priorities to displace old commitments.
“Continuity is a form of accountability: yesterday’s promise still deserves a place on today’s table, and no new priority absolves us of an old responsibility,” he said, adding that President Bola Tinubu had placed on NEC the responsibility of converting policy into outcomes Nigerians could see and feel.
“A government that remembers earns the confidence of its people because its promises do not expire when the microphones are switched off,” the Vice President said.
Briefing journalists after the meeting, Governor Lucky Aiyedatiwa of Ondo State disclosed that contracts had been awarded for the rehabilitation of 13 police training institutions nationwide, with 80 per cent of contractors having already received their award letters.
He announced, “This afternoon, during the National Economic Council meeting, the council called for an update on the rehabilitation of police training institutions across Nigeria, and the council was made to understand that contracts have been awarded for the rehabilitation of the 13 police training institutions, and 80 per cent of contractors have received their award letters.”
Aiyedatiwa said the three-week rehabilitation exercise was aimed at putting the institutions in shape for the commencement of Nigeria Police Force training programmes.
“The rehabilitation work is for a period of three weeks, aimed at putting the institutions in shape for the commencement of training programs by the police force, and strong efforts are ongoing to expedite action in the release of funds for the actual commencement of the rehabilitation work.
“You are all aware that the insecurity in the country and our police force have to be trained further. Even though we are also looking at state policing, there is a minimum standard that has been set below which any of our police officers will not go.
“So training is very, very important, and that is why all of these training institutions have to be put in place in terms of the equipment, the infrastructure that will enable the police force to be well trained for the task that is ahead of us. Thank you,” he stated.
The Enugu State Deputy Governor, Ifeanyi Ossai, added that the Minister of Finance had committed to releasing the remainder of the funds needed to pay contractors by the following week, stressing that the training and retraining programme would be sustained rather than treated as a one-off intervention.
“The Minister of Finance has committed that by next week, the remainder of the funds needed to pay the contractors will be released, and council expects that the contractors selected will be prompt in delivering on the mandate given to them by virtue of the contract.
“And as the governor has said, council took seriously the issue of security, and a badly trained security personnel is worse than it’s better not to have a security personnel at all than to have a badly trained security personnel.
“But we also want to show Nigerians that this is going for a long haul. Aside from this quick fix, it’s going to be sustained.
“The training and retraining programme will be sustained, and we also expect cooperation from Nigerians to support the police because if we train them and we don’t support them in terms of information, in terms of collaboration, well, the law also empowers all of us as Nigerians to act when crime is being committed.
“Every Nigerian is a policeman. Even if a trained policeman is not there, until he arrives, we expect Nigerian support, the Federal Government effort to ensure that we can keep stabilising our country and making it safe for investment.” Said Ossai.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed that FTSE Russell had reclassified Nigeria from an unclassified market to a frontier market.
Oyedele said the development would open the country up to a new pool of institutional investors.
According to him, “When FTSE Russell says they’ve now reclassified Nigeria to frontier markets, that automatically makes us eligible for investment.
“Or, put differently, we become investable to many institutional investors globally.
“The Nigerian capital market, as of the end of July/early August this year, was the best performing in the world. Even in the past one year alone, even in dollar terms, the market has returned more than 60 per cent, and this is even before the classification.”
The minister had briefed the council on the state of the economy, citing real GDP growth of 3.89 per cent for the first quarter of 2026, up from 3.13 per cent a year earlier, with full-year 2026 growth projected above four per cent.
“Headline inflation is down to 15.43 per cent at the end of July, from 24.94 per cent a year ago. Although food inflation is down, it remains elevated at 20.31 per cent at the end of July, compared to 26.2 per cent this time last year,” he said.
Oyedele said external reserves stood at $51.96bn, the highest level since January 2009 and up 38 per cent year-on-year, while the naira had appreciated 13.5 per cent year-on-year by the end of the first half of 2026, with the exchange rate now stable under N1,400.
He said federation account net revenues rose 44 per cent, from N15.2tn in 2024 to N21.9tn in 2025, and were projected to increase by at least 50 per cent in 2026.
This was as Nigeria’s trade surplus nearly doubled from N17.7tn in 2025 to N34.7tn by the first quarter of 2026, while total public debt remained moderate at under 37 per cent of GDP, amounting to N158tn, with debt service as a share of revenue declining from nearly 100 per cent in 2022 to below 60 per cent in 2025.
The minister disclosed that all three major rating agencies, Fitch, Moody’s and S&P, had upgraded Nigeria’s sovereign credit rating between April 2025 and May 2026, the first coordinated alignment in over a decade, and that Nigeria had exited the Financial Action Task Force grey list as of October 2025 and the EU’s anti-money laundering deficiency list as of January 2026.
Oyedele said council identified agriculture, energy, manufacturing, mining and the digital economy as priority sectors for accelerated growth, noting that 81.4 per cent of Nigerians work in agriculture and non-tradable services.
He said the council also flagged risks ahead, including geopolitical conflicts, commodity shocks, persistent food inflation, election-cycle fiscal risk and negative pre-election narratives not supported by data, and directed a review of fiscal and monetary measures to moderate high lending rates for businesses.
“The gains on inflation, reserves, the exchange rate, and credit rating are the direct result of sustained, consistent policy. They are reversible if we waver,” he warned.
Meanwhile, the Minister of Budget and Economic Planning, Atiku Bagudu, said council considered and approved the Revised National Social Protection Policy (2026-2030), noting that Nigeria’s first social protection policy dated back to 2017 before its programmes were consolidated under the Ministry of Humanitarian Affairs and Poverty Reduction in 2019.
He revealed that the council approved the reconstitution of a National Social Protection Council to be chaired by Vice President Shettima, with six state governors as members alongside the Ministers of Finance, Budget and Economic Planning, Labour and Employment, and Humanitarian Affairs and Poverty Reduction, with the Ministry of Budget and Economic Planning serving as secretariat.
The former Kebbi State governor said the revised policy would be presented to the Federal Executive Council for implementation, with states urged to align their social protection policies, laws and budgets accordingly.
Bagudu also noted that the council had earlier approved the completed mapping of all 8,809 wards nationwide to determine local economic and social opportunities and challenges, as part of a whole-of-society approach to spreading prosperity to the grassroots.
For his part, Akwa Ibom State Governor, Umo Eno, disclosed the latest federation account balances as at August 26, 2026, presented by the Finance Minister.
He said the Excess Crude Account stood at $535,823, the Stabilisation Account at N90.95bn, and the Natural Resources Development Fund at N256.4bn.
“This is a far improvement over what it was year-on-year last year, and that shows you that the economy is stabilising,” Eno said.
Borno State Governor, Prof Babagana Zulum, told journalists that the council received a presentation from the Minister of Trade and Investment on Nigeria’s forthcoming Content Week and the Intra-African Trade Fair scheduled to hold in Lagos, and endorsed mandatory participation by all state governments to showcase Nigeria’s local production capacity and position the country as one of the continent’s largest economies.
“These growth and development have not been showcased anywhere in the world to a larger extent, and therefore this event in Lagos should be seen as an opportunity for sub-nationals as well as the Federal Government to showcase our potential,” Zulum said, adding that states had given commitments to participate actively.
Nigeria and Italy have strengthened collaboration on a campaign to mobilise $5bn for education financing worldwide through the Global Partnership for Education.
The Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, disclosed this in a statement issued on Wednesday.
According to the statement, the collaboration was highlighted at the “Multiply Possibility: A New Era for Education Financing” high-level event held in New York, United States, on the sidelines of the 81st Session of the United Nations General Assembly.
The statement said President Bola Tinubu, in a video message to the event, noted that the GPE vision aligned with his administration’s agenda of improving educational outcomes by investing in access and capacity building for teachers.
The President also commended stakeholders in the GPE for their efforts towards accelerating education financing globally. Representing the President at the gathering, Vice President Kashim Shettima said education was an investment in Nigeria’s economic future, productivity, prosperity and stability.
He said, “For Nigeria, education is not an expenditure at the margins of our development agenda. It is an investment in our economic future, national productivity, and the prosperity and stability of our people.
“Since President Bola Ahmed Tinubu assumed office in 2023, our Administration has substantially increased resources devoted to education, while pursuing reforms to strengthen basic education financing, expand foundational learning, and improve access to tertiary and technical education.
“Through the Nigerian Education Loan Fund, we are widening access to higher education, while strengthening the link between education, skills, employment and enterprise.”
Shettima said Nigeria was looking beyond traditional budgetary allocations, noting that Tinubu had directed that liquid funds recovered by the Economic and Financial Crimes Commission, once legally cleared and free from litigation, be channelled to the Nigerian Education Loan Fund.
The VP said the Federal Executive Council had also recently approved the consideration of unclaimed dividends and dormant funds for the same purpose, subject to relevant legal requirements.
He said this demonstrated Nigeria’s commitment to mobilising every responsible and lawful domestic source to finance education.
Citing Nigeria’s partnership with the World Bank and GPE through HOPE-EDU, Shettima said, “The programme is expected to reach approximately 29 million children and 500,000 teachers across Nigeria.”
He added: “This is precisely why GPE matters. GPE does not replace national investment; it multiplies it. The ambition before us is to mobilise US$5 billion for GPE and, through that investment, unlock additional financing for education in partner countries.
“Domestic resources must remain the anchor, complemented by development assistance, concessional finance, philanthropy and innovative financing.”
The Vice President said Nigeria’s growing population could become one of its greatest economic assets if its “young people have access to quality education, relevant skills and meaningful opportunities.”
He said the response to declining global aid “must therefore be smarter multilateralism: using scarce international resources to leverage much larger investments.”
Shettima urged participants to ensure that the initiative was not merely a fundraising exercise but “a renewed compact for human capital, bringing together national leadership, international partnership and responsible financing so that every child has the opportunity to learn, thrive and contribute to their country’s future.”
He also expressed Nigeria’s appreciation to the Italian government and GPE for joining the campaign, stressing that Nigeria was participating not merely to seek greater international investment but “to demonstrate that we are investing in education ourselves.”
Earlier, Italian Prime Minister, Giorgia Meloni, praised Tinubu’s leadership and Nigeria’s determination to improve educational outcomes across all levels.
She urged partners in the global alliance to show greater commitment to reversing the trend in developing countries.
The UN Deputy Secretary-General, Amina Mohammed, thanked partners for their interest in improving education financing in developing countries.
She called on international financial institutions to support committed countries in finding the fiscal space needed to improve educational outcomes, including capacity building for teachers.
Also speaking, the Chair of the Board of Directors of GPE, Jakaya Kikwete, underscored the need to accelerate education financing, noting that education remained central to human rights, security and peace.
Girls’ education activist, Malala Yousafzai, also called for greater collaboration in ideas and resources, urging governments and multilateral organisations to commit more resources towards gender equality in education.
The statement said governments and donors at the event made contributions towards the education of at least 370 million children globally, while the Italian government pledged €50m for GPE programmes and interventions.
Emmanuel Adeyemi, media aide to the immediate-past Vice-Chancellor of Lagos State University, Prof Ibiyemi Olatunji-Bello, has faulted the misinterpretation of his principal’s remarks on the payment of N1m fees by students of public universities in The PUNCH interview on Tuesday.
A flurry of reactions has trailed excerpts of the interview widely circulated across social media.
In a statement on Wednesday, Adeyemi said Olatunji-Bello did not suggest that students or their parents must pay N1m annually for university education.
He urged the public, media and education stakeholders to consider Olatunji-Bello’s complete remarks rather than isolated portions that, he said, could give a different impression of her position.
He explained that the former VC was speaking about the estimated cost of providing quality undergraduate education, while advocating innovative and diversified funding sources for universities.
According to Adeyemi, Olatunji-Bello’s remarks were made against the backdrop of the desire of Nigerians for university education comparable in quality to what is obtainable in other parts of the world.
He said the former VC had noted that delivering such quality education costs approximately N1m per student annually.
Adeyemi, however, stressed that Olatunji-Bello did not suggest that the entire cost should be transferred to students or their parents.
He said, “The immediate-past Vice-Chancellor of Lagos State University, Prof. Ibiyemi Olatunji-Bello, has been widely quoted across social media as saying that students must pay N1m in fees for public universities to achieve self-sustainability.
“Distinguished Professor Olatunji-Bello’s remarks were made against the backdrop of Nigerians’ legitimate aspiration for university education that is genuinely comparable in quality to what is obtainable in other parts of the world, a standard that stands in sharp contrast to the comparatively low tuition fees currently charged by public universities in Nigeria.
“Her central argument was that delivering the quality of undergraduate education Nigerians rightly desire costs, on average, approximately N1m per student annually.
“Crucially, however, she did not suggest that this cost must necessarily be transferred wholesale onto students or their parents.”
Adeyemi said the remarks, when read in their entirety, reflected Olatunji-Bello’s call for universities to pursue innovation and develop diversified revenue streams to achieve financial sustainability.
He added, “This is precisely why, in response to the interview question on institutional self-sustainability, she began by stating: ‘Universities can achieve financial self-sustainability. If they can innovate and ensure improvements in the institution, money will come in.
“She went on to add: ‘I enjoin parents to ensure their children are well-educated by prioritising their fees. Good quality education needs money.’”
Adeyemi said the ex-VC’s position reflected a broader call for universities to pursue innovation and diversified revenue streams as the primary pathway to financial sustainability, while also reminding parents of the genuine cost implications of quality education and encouraging shared responsibility rather than assigning that burden to any single party.
He said the former VC sought to remind parents of the cost implications of quality education and encourage shared responsibility for funding university education.
“We urge members of the public, the media, and stakeholders in the education sector to engage with Distinguished Professor Olatunji-Bello’s complete remarks in their proper context, rather than isolated soundbites that do not accurately reflect the full weight and intent of her position,” he added.
Bauchi State Governor, Bala Mohammed, has directed the commencement of payment of outstanding gratuity to retired civil servants from 2012 to 2016.
The governor, who was represented by his deputy, Auwal Jatau, announced this on Wednesday, saying the exercise would commence with the first batch of beneficiaries, while subsequent payments would be made until all eligible retirees had received their entitlements.
Mohammed said the state government had committed N10bn towards addressing the accumulated gratuity obligations owed to retirees.
He explained that the validated historical records showed that the total outstanding obligations for the period amounted to N11.71bn, comprising liabilities owed to state and local government retirees.
According to him, the state component involves 3,570 beneficiaries with obligations amounting to N6.13bn, while the local government component covers 2,262 beneficiaries with outstanding obligations of N5.58bn.
The governor said the payment would be implemented progressively based on the chronology of outstanding obligations, completeness of supporting records, validation and reconciliation processes, as well as the resources approved for each phase.
He said, “No eligible pensioner should interpret this first phase as an exclusion. We are beginning from defined historical brackets so that government can process systematically and transparently.
“We are starting here, but we are not stopping here. The validated historical records before government cover the accumulated obligations.”
Mohammed noted that many retired workers had waited for more than a decade to receive their gratuity, describing the backlog as one of the most challenging issues inherited by his administration.
He said, “Today, we say to you, your wait is finally coming to an end. Acknowledging the plight of our senior citizens, when we talk about monthly living, there should be dignity.
“It is a systemic injustice when, after finishing years of service, you are unable to receive your hard-earned entitlement. Sadly, we have lost some of our colleagues along the way without them tasting the fruit of their labour.”
The governor said the government recognised the contributions of retirees who spent decades building the state’s infrastructure, schools, healthcare system and administrative machinery.
He added that the government had established the Bauchi State Contributory Pension Scheme to strengthen the management of pension-related matters, including data validation, verification and reconciliation.
Mohammed directed the relevant committee and officials overseeing the exercise to ensure transparency, speed and fairness in the disbursement.
He said there should be no bureaucratic bottlenecks during the verification process and directed that senior citizens should be given priority and treated with dignity.
The governor said the payment was not merely a financial intervention but a demonstration of the government’s commitment to addressing inherited obligations and improving the welfare of retirees.
He urged beneficiaries to provide the necessary documentation, cooperate with the verification process and use the payments prudently to support themselves and their families.
The Speaker of the state House of Assembly, Abubakar Sulaiman, said the legislature unanimously approved the release of funds for the payment of the outstanding gratuity.
Sulaiman said the House had remained concerned about the hardship faced by retirees as a result of the accumulated backlog.
He said, “The commencement of this month’s payment of gratuity is an important step towards addressing a long-standing obligation to the men and women who devoted their productive years to the service and development of our dear state.
“The House has demonstrated its commitment through concrete legislative action by approving the request of the government to secure the necessary financing for the settlement of outstanding gratuity.”
The Speaker said the House approved the measure because gratuity was an entitlement earned through years of dedicated service and should not be regarded as a favour to retired workers.
He commended Governor Bala Mohammed for responding to the resolutions of the House and demonstrating political will towards addressing the longstanding liability.
Sulaiman said the exercise was expected to commence with about 1,700 retirees across the state.
He assured retirees that the House would continue to provide legislative support and oversight to ensure that the welfare and legitimate entitlements of workers and pensioners received adequate attention.
Nigeria, Italy lead $5bn global education financing campaign
Ex-LASU VC’s N1m fee remark misinterpreted – Spokesperson
Bauchi begins N10bn gratuity backlog payment
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