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Sustaining economic empowerment through financial inclusion, energy access

Financial inclusion and provision of sustainable energy is at a turning point in Africa’s largest economy, Nigeria. With a population of over 200 million, about 50 per cent of the total population live in rural areas, and only 39 per cent of those living in rural communities have access to electricity. This is in addition to over 40 per cent of the entire population who are financially excluded or underserved. However, the proliferation of digital financial services in Nigeria – powered largely by growth in fin-tech companies – has catalysed an unparalleled increase in the current number of people with access to formal financial services, while further opening up opportunities to address power supply challenges across rural communities; a major feat instrumental towards achieving the broad...

VP Osinbajo: Nigerian government democratising broadband connectivity

It’s the first in sub-Saharan Africa and one of the three such cutting-edge facilities on the continent, with top prime global certifications for smart card manufacturing and it is based in Lagos, Vice President Yemi Osinbajo, SAN, relished yesterday afternoon while touring SecureID company’s premises, and affirmed Nigeria’s extremely bright economic future, which he said cannot be aborted despite current challenges. According to him, “the economic future of our nation is extremely bright. Yes, we have challenges today and they may look daunting. But let me assure you that these issues will be resolved. The march of this nation to its manifest destiny as Africa’s leading economic power will not be aborted. We are more than able to overcome.” An impressed Prof. Osinbajo said the Buhari Admi...

Southern governors meet, urge President Buhari to address Nigerians

Worried by the rising rate of insecurity, Southern Governors, Tuesday, met in Asaba, the Delta State capital and called on President Muhammadu Buhari to address the nation on the spate of insecurity in the country. The Governors in the meeting which started at about 12 noon and ended about 4:20 pm, urged the Federal Government to convocated a national dialogue as a matter of urgency and insisted on the ban of open grazing across Southern Nigeria The Governors in the 12 point communique read by the Chairman of Southern Governors Forum, Governor Arakunrin Oluwarotimi Akeredolu of Ondo State, “affirmed that the peoples of Southern Nigeria remain committed to the unity of Nigeria on the basis of justice, fairness, equity and oneness and peaceful co-existence between and among its peoples with ...

CBN governor vows to block maize importation

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand. On that note, he has urged youths across the country to embrace agriculture, declaring the bank’s readiness to support those ready to venture into it. Emefiele made the declaration in Katsina at the unveiling of the first maize pyramid and flag-off of the 2021 maize wet season farming under the CBN-Maize Association of Nigeria (MAAN) Anchor Borrowers’ Programme. He averred that Nigerian youths could leverage their talents, along with technological tools to improve farm productivity and delivery of agricultural produce to markets. While noting that agriculture offered significant benefi...

Official: Lagos residents consume N5 trillion worth of food annually

The Lagos State Government says residents of the state are consuming food and agricultural produce worth about N5 trillion annually. Ms Abisola Olusanya, the Commissioner for Agriculture, made this known at a news conference on Thursday in Lagos to commemorate the second year in office of Gov. Babajide Sanwo-Olu’s administration. Olusanya said that the amount might increase to N6.3 trillion by 2030, if the population of the state grew to 30 million. “It is worthy to note that in terms of the amount of food we consume in Lagos on an annual basis, it is almost N5 trillion. “If the population is to grow to about 30 million by 2030, Lagos will likely need food worth N6.3 trillion on an annual basis,’’ she said. According to her, currently, Lagos is producing about 20 to 24 per cent of its food...

House asks federal government to suspend upcoming census exercise

Following the ravaging insecurity in the country, the House of Representatives yesterday called on the federal government to suspend the upcoming census exercise until security improved. The House also said it will be counter-productive and a waste of scarce financial resources to conduct such exercise amidst the economic recession. The call was made on the heel of a motion under matters of urgent public importance titled “Call on the federal government of Nigeria to Suspend the Proposed 2021 Population and Housing Census to be conducted by the National Population Commission” sponsored by Shelia Barwa Bell. Moving the motion, Bell said that the state of insecurity would not guarantee accuracy if the census was conducted now, arguing that many Nigerians have fled their homes and villages. H...

2023: ADC condemns INEC’s plan to create more polling units

The African Democratic Party (ADC) has expressed opposition to the plans by the Independent National Electoral Commission (INEC) to create additional polling units ahead of 2023. The National Chairman of the party, Okey Nwosu, addressed the media in Onitsha on Wednesday. He said that establishing more units in addition to the existing 120,000 was bad timing, considering the current economic challenges. The chairman said America, with more population and landmass, has only about 240,000 polling places. “How do we justify this with INEC’s call for additional polling units? Is it because INEC is spending from government coffers?” he quipped. The ADC leader advised the electoral umpire to be judicious with public money. Nwosu added that elections should not continue to drain funds that could b...

Ex-President Obasanjo: Investment in agric will curb youth restiveness

Former president Olusegun Obasanjo, has advised the Federal Government to invest sufficiently in agriculture as a strategy to curb youth restiveness in the country. Obasanjo, who spoke yesterday in Abuja, at the flagged off of new tractors to boost farm mechanization in the country, said agriculture stands in good stead in boosting the country’s earnings. Represented by the Emir of Keffi, Alhaji Shehu Chindu Yamusa, he said: “investment in Agriculture is key to sustainable economic growth and development. Agriculture is the only way to engage the youth and make them productive.” He hailed the All Farmers Progressive Association for the laudable project of contributing significantly to alleviate the sufferings of Nigerians through sustainable modern agro technology. Meanwhile, President of ...

NAPTIP chief seeks renewed regional collaboration against illegal migration, trafficking

The Director General of National Agency for the Prohibition of Trafficking in Persons, NAPTIP, Imaan Sulaiman Ibrahim, as called for renewed regional collaboration against illegal migration and human trafficking. This was as he expressed sadness over the incessant mishap involving hundreds of irregular migrants on the Mediterranean Sea enroute Europe describing it as huge loss that could be avoided. She called stakeholders across the World and specifically in African to join hands with the Agency in its renewed efforts to scale up sensitization and awareness campaign as a way of remedying the situation. Mrs Suaiman Ibrahim, according to a statement, Wednesday, by Stella Nezan, Head, Press and Public Relations Unit of NAPTIP, “made the call in Abuja while reacting to the recent human casual...

House rejects bill seeking to reduce cases in Supreme Court

The House of Representatives yesterday voted out a bill seeking to limit the category of litigations that can be appealed at the Supreme Court. The intention of the bill was to reduce the workload on the apex court, and speed up justice delivery. The lawmakers at the plenary yesterday considered for second reading, ‘A Bill for An Act to alter the provisions of the Constitution of the Federal Republic of Nigeria, 1999; the Constitution of the Federal Republic of Nigeria (First Alteration) Act, 2010; and the Constitution of the Federal Republic of Nigeria (Second Alteration) Act, 2010, to make appeals to the Supreme Court to be by leave in order to reduce workload on the court, expedite hearing and determination of appeals, and encourage efficiency and quality; and for related matters.’ Chai...