Vice President Kashim Shettima has expressed optimism about Nigeria’s future, reaffirming the commitment of the Federal Government to national security, economic transformation, and the well-being of all citizens.

In a Christmas message on Wednesday, Shettima assured Nigerians that the administration of President Bola Tinubu is resolute in its efforts to tackle critical issues such as security and economic challenges, as the country prepares for the coming year.

“As we approach a new year, I want to reassure you that President Tinubu’s administration remains fully dedicated to improving the lives of all Nigerians. We are committed to tackling economic transformation and enhancing the welfare of every citizen,” Shettima said.

Highlighting Nigeria’s diversity as a strength, the Vice President called on Nigerians to use the festive period to strengthen unity across all regions and faiths, fostering a spirit of togetherness.

“Our nation’s greatest strength lies in its diversity. This holiday season offers us the perfect opportunity to strengthen the bonds of brotherhood that unite us,” he stated.

Shettima also assured Nigerians of the continued vigilance of the nation’s security forces, emphasising that security personnel would remain on high alert during the holiday period to ensure safety.

“Our brave security personnel will continue to work tirelessly to protect us. Enhanced security measures are in place to safeguard citizens during the festive season,” he said, urging travelers to stay vigilant.

Looking to the future, Shettima expressed hope and confidence in the country’s trajectory.

“I am filled with hope and optimism about Nigeria’s future. Together, we will build a more prosperous and united nation,” he said.

Addressing the nation’s youth, Shettima emphasised their crucial role in Nigeria’s development and outlined the government’s initiatives aimed at creating opportunities for them.

“To our young people, you are the backbone of our nation. The Renewed Hope administration is rolling out various initiatives to empower you, enabling you to thrive and contribute to Nigeria’s growth,” Shettima said.

The Bishop of Sokoto Diocese, Matthew Kukah, has said Nigeria’s protracted insecurity cannot be resolved without addressing unemployment and violent religious extremism, which he described as breeding grounds for violence.

Delivering his Christmas message at the Holy Family Cathedral Catholic Church, Sokoto Diocese, Kukah lamented the nation’s lack of measurable progress, which he attributed to a preference for “darkness rather than light.”

“Nigeria’s lack of visible and measurable progress is tied to the fact that we have chosen darkness rather than light,” he said. “Imagine if we let the light shine on our public service, on our politics, on our individual, community, and national life, and on our public institutions. Imagine what Nigeria would be like if we chose light instead of darkness.”

The cleric stressed that meaningful change requires embracing transparency, accountability, and integrity in both public and private life. He urged Nigerians to embody the Christian hymn “They will know we are Christians by our love” and to reject the divisive forces of ethnicity, nepotism, and greed.

“We are still unable to embrace the ideals of our national anthem that says: ‘Though tribe and tongue may differ, in brotherhood we stand.’ Diversity is a gift from God. Let us use it effectively as a tool for national mobilisation and cohesion,” he said.

Kukah identified unemployment and religious extremism as major drivers of insecurity, adding that tackling these issues is essential for stability.

“Insecurity cannot be overcome without addressing unemployment and violent religious extremism, which breed conditions for violence,” he said. He further called for the strict enforcement of laws to prosecute extremists, describing them as “criminals and murderers.”

The Bishop commended the passage of the Not Too Young to Run Bill and the enactment of the Student Loan Act 2024, noting their potential to expand opportunities for young Nigerians.

“It is significant that the act does not limit access to university students alone. We hope this project will be free of bureaucratic bottlenecks and favouritism, ensuring that poverty does not exclude anyone from receiving a good education,” Kukah stated.

He urged the youth to seize these opportunities but noted ongoing barriers such as high political participation costs and weak internal democracy.

Speaking on the recent tragedies in Okija, Ibadan, and Abuja, where stampedes during food distributions led to loss of lives, Kukah described these incidents as “metaphors for the desperation Nigerians face daily.”

“These tragedies were avoidable. The government must collaborate more effectively with institutions that promote the common good to prevent such loss of life,” he said.

Kukah praised the Catholic Church’s efforts to support vulnerable communities through organisations like St. Vincent de Paul and called on the government to do more in safeguarding citizens’ dignity.

Bishop Kukah also encouraged Christians to stay committed to their faith and moral responsibilities, regardless of the nation’s systemic failures.

“We are the light of the world, a city on a hill that cannot be hidden. We must not allow the weaknesses and failures of the Nigerian state to become an excuse for doing wrong,” he said.

He urged Christians to prioritise divine law over human systems, noting, “The Constitution has its flaws, but the Word of God is a divine command, inerrant, and written in the hearts of good Christians.”

As the nation continues to grapple with insecurity, poverty, and corruption, Kukah called on all Nigerians to choose the path of unity, love, and accountability for a brighter future.

“As we celebrate Christmas, let us open our hearts and commit to living the ideals Jesus taught us. May this season bring joy, and the new year bring blessings,” Kukah said.

The World Bank has announced the removal of several loan fees to make borrowing more affordable for vulnerable countries.

The move is part of broader efforts to expand financial capacity and address urgent global challenges, including climate change, inequality, and economic fragility.

The global bank disclosed this through a link posted on its official X handle on Tuesday. A click on the link revealed that the bank had eliminated the prepayment premium on International Bank for Reconstruction and Development loans, introduced a grace period for commitment fees on undisbursed balances, and extended its lowest pricing to small, vulnerable states.

“The bank is working hard to make it easier for countries to borrow and to pay back their loans more easily by removing some fees on IBRD loans,” the financial institution stated.

These changes, according to the financier, aim to ease financial pressure on nations most in need of development financing.

“These measures are designed to make borrowing easier and more affordable for countries facing significant challenges,” the bank said. It added that the reforms align with its vision of building a “better, more efficient, and bigger” institution capable of addressing overlapping global crises.

The fee eliminations are part of the World Bank’s broader financial reforms, which aim to increase lending capacity by $150bn over the next decade.

This is being achieved through innovative financial instruments, leveraging shareholder support, and optimising available capital.

The bank assured that these measures would not compromise its Triple-A credit rating.

The reforms also include adjustments to the IBRD’s equity-to-loans ratio, which was reduced from 20 per cent to 18 per cent, enabling additional lending of approximately $70bn over 10 years.

It stated that a further $10bn has been unlocked through bilateral guarantees, and $1bn was secured via a guarantee from the Asian Infrastructure Investment Bank.

“The adjustments to our capital framework reflect our commitment to scaling up resources while maintaining financial stability,” the bank said.

The global lender emphasised that these changes are critical for addressing the trillions of dollars needed annually to combat climate change, support fragile states, and promote digital inclusion.

However, it acknowledged that governments and multilateral institutions alone cannot meet these financial demands.

To bridge the gap, the Bank has introduced a Framework for Financial Incentives, which encourages investments in cross-border challenges such as biodiversity, water security, energy access, and pandemic prevention.

Approved in April 2024, the FFI also launched the Global Solutions Accelerator Platform and the Livable Planet Fund, with Japan pledging the first contribution.

“The FFI is the first comprehensive framework among multilateral development banks to incentivize financing for projects with global benefits,” the Bank noted.

The bank also highlighted the development of innovative financial tools to attract private sector investment. These include outcome bonds, catastrophe bonds, and climate-resilient debt clauses, which offer borrowers flexible terms during natural disasters.

One notable example is the Wildlife Conservation Bond, which directed private financing toward Black Rhino conservation in South Africa. Another innovation, the plastic waste reduction-linked bond, mobilized funds for recycling projects in Ghana and Indonesia.

“We are finding new ways to channel private investment into emerging markets and address barriers to sustainable development,” the blog post read.