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Bridging Financial Inclusion Gaps Key To $1trn Economy Vision – VP Shettima

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Bridging Financial Inclusion Gaps Key To $1trn Economy Vision – VP Shettima

*** Urges stakeholders to tackle inequalities, foster inclusive financial system

By: Our Reporter

The Vice President, Senator Kashim Shettima, has implored development partners and other stakeholders to bridge systemic inequalities and foster an inclusive, unbiased financial system that benefits all Nigerians irrespective of gender or geography.

In this regard, he identified some unsettling gaps yawning for serious attention, including low penetration of digital financial services among women, just as he listed some socio-economic barriers behind these inequalities including low incomes, limited education, and restricted access to financial tools like credit and insurance.

The Vice President gave the charge on Wednesday during the inaugural Development Partners Roundtable on Economic and Financial Inclusion at the Presidential Villa, Abuja.

VP Shettima who was represented by Special Adviser to the President on General Duties (Office of the Vice President), Aliyu Modibbo Umar, warned that Nigeria’s vision of building a $1 trillion economy by 2030 will remain an illusion except the private sector and development partners are fully engaged.

He stated: “We have come this far because we are continually assessing the extent of economic and financial inclusion in Nigeria. However, the results of this assessment reveal some disturbing gaps that demand our urgent attention. One such gaps is the low penetration of digital financial services among women—only 23% compared to 43% for men.

“This, as we have learned, is driven by socio-economic barriers such as low income, limited education, and restricted access to financial tools like credit and insurance. Women in the northwest and northeast are particularly disadvantaged. The task before us, then, is clear: to bridge these systemic inequalities and foster an inclusive, equitable financial system that benefits all Nigerians, regardless of gender or geography.”

Senator Shettima however expressed optimism that the inaugural roundtable will provide a fertile ground for meaningful conversation that would “pave the way for a future where every Nigerian is a significant part of the nation’s financial data.”

He continued: “This roundtable is yet another important opportunity to harness our collective potential and chart a sustainable path forward. It is designed to provide a holistic view of the obstacles impeding economic and financial inclusion in Nigeria.

“As we engage in discussions today, I invite all of us to join hands, collaborate, and align our efforts in crafting lasting solutions. Whatever we do as a government, we know it cannot materialise fully unless we work together with you—our development partners, the private sector, and all stakeholders committed to progress.”

The VP hinted at the inauguration of a Presidential Committee for the Implementation of the Aso Accord, saying it will guarantee the success of the initiative championed by President Bola Ahmed Tinubu.

“Distinguished ladies and gentlemen, to guarantee the success of the transformative initiatives championed by His Excellency, President Bola Ahmed Tinubu, I am pleased to announce the inauguration of a Presidential Committee for the Implementation of the Aso Accord.

“It is my honour to chair this Governance Committee, which will primarily consist of the esteemed signatories to the Aso Accord, reflecting our collective commitment to ensuring its success. The Committee will be backed by a dedicated secretariat housed within the Office of the Vice President,” he noted.

Noting that discussions on the state of economic and financial inclusion in Nigeria had become a matter of priority at the National Economic Council (NEC) since April of this year, VP Shettima said, “The committee will report to the NEC on a quarterly basis to ensure that the integrated framework we have established not only implements the Aso Accord effectively but also achieves its ambitious goals.

“Once again, I call on all development partners here today to collaborate with this team to ensure the successful implementation of the Aso Accord. Your support is critical to this mission. We will rely on your technical expertise and continued assistance in accelerating the implementation of specific programmes and initiatives. None of us can deliver on this task in isolation,” he added.

Earlier, the Deputy Governor of Bayelsa State, Mr Lawrence Ewhrudjakpo, who spoke on behalf of the subnationals, commended President Tinubu for giving Nigeria visionary leadership.

He said the successes being recorded by the nation in the economic and other sectors show that Nigeria is on the right track.

The Deputy Governor who represented the Bayelsa State Governor maintained that rural communities should be well accommodated in the scheme of things to enhance inclusive development.

Minister of Livestock Development, Idi Maiha, called for effective strategies to include more farmers, petty traders and others who are in poor financial stages, in the financial inclusion programme in order to achieve its goals.

Minister of State for Humanitarian Affairs, Dr Yusuf Sununu, who said the ministry plays a big role in providing financial intervention and inclusion, added that the ministry will ensure social justice, environmental protection and growth through its social intervention programmes like Conditional Cash Transfer and School Feeding.

He assured beneficiaries of accountability and transparency in the implementation of all the programmes of the ministry.

On his part, Technical Adviser to the President on Economic and Financial Inclusion, Dr Nurudeen Zauro, said the roundtable was a defining moment for the financial inclusion strategy of the Nigerian government.

“Today’s gathering is a defining moment in our collective journey towards creating a more equitable, inclusive and prosperous Nigeria. In this hall, we have stakeholders comprising individuals and institutions who are united by a shared commitment to transforming lives through inclusive, economic and financial systems in Nigeria,” he said.

Dr Zauro added that the Aso Accord that seeks to promote financial inclusion is also a blueprint for action guided by the drive to unlock full potential and enhance socio-economic growth, leading to the building of a resilient and inclusive future for all Nigerians.

On her part, the Deputy Chairperson of the African Union Commission, Monique Nsanzabaganwa, hailed Nigeria’s reforms, which she said are feasible.

She congratulated Nigeria for implementing the Aso Accord on Financial Inclusion, just as she solicited more support for women and MSMEs.

Bridging Financial Inclusion Gaps Key To $1trn Economy Vision – VP Shettima

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European Reconstruction Bank Sites First West African Office In Lagos

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European Reconstruction Bank Sites First West African Office In Lagos

** As VP Shettima restates President Tinubu’s resolve to sustain stronger ties with EU

** Welcomes partnership with Asian Consortium to manufacture electric cars, solar equipment in Nigeria

By: Our Reporter

The Nigerian government has reiterated its deep commitment to strategic partnership with the European Union, as the European Bank for Reconstruction and Development (EBRD) prepares to open its first West African office in Lagos.

Nigeria officially became the EBRD’s 77th shareholder in February 2025, following the bank’s limited and incremental expansion to sub-Saharan Africa approved by its Board of Governors in 2023.

Speaking on Tuesday during a courtesy visit by Ambassador Gautier Mignot, Head of the European Union Delegation to Nigeria and ECOWAS, at the Presidential Villa, Vice President Kashim Shettima praised the EU’s longstanding support, highlighting the growing opportunities for cooperation in trade, investment, and youth empowerment.

“You are our natural partners and allies. Beyond the geography that binds us, we have a cultural affinity that goes back centuries,” VP Shettima said.

The Vice President noted that Nigeria is entering a new phase of economic openness under the leadership of President Bola Ahmed Tinubu, who he said took bold steps from day one to dismantle key structural challenges.

He said, “Some of the dysfunctions in the Nigerian economy – the opaque exchange rate regime and the fuel subsidy – President Tinubu had the courage to remove them. All the encumbrances toward investment in this country are gradually being eliminated.”

Welcoming the EBRD’s expansion into Nigeria, VP Shettima said the opening of its Lagos office is a symbolic and strategic development for both parties, as “it will send a message across the borders.

“More than ever before, Nigeria is ready for business,” he added, emphasising that Nigeria’s partnership with the EU extends beyond economics, just as he made reference to the EU’s significant humanitarian and stabilisation efforts in conflict-affected regions such as Borno State, where he served as governor.

“I know the prominent role that the EU played in stability and humanitarian support in Borno State. You deserve commendation, not condemnation. We will always stand by those who stood by us in our hours of need,” VP Shettima said.

The Vice President also spoke on migration cooperation, expressing satisfaction with ongoing engagements under the EU-Nigeria Readmission Agreement, and called for a revitalisation of youth-focused programmes like the Nigeria Jubilee Fellows Programme (NJFP).

“There is a need for us to recalibrate the programme for the good of our young men and women,” VP Shettima said.

Earlier in his remarks, the EU Ambassador to Nigeria, Mr. Mignot, said given the turmoil and very difficult political climate globally, it is important to have a reliable relationship with Nigeria, noting that the European Union sees Nigeria as a key partner in the 21st century.

Mr. Mignot explained that all the EU ambassadors in Nigeria have met to reaffirm their partnership with Nigeria.

He stated that the EU is a strong supporter of the UN Charter, the Sustainable Development Goals, and global gender equality initiatives of the international community.

“The EU believes in free and fair trade, international partnerships as relations among equals, mutual benefits and respecting sovereignty. West Africa and Nigeria are priorities for us because we are neighbours and our destinies are closely linked.

“Therefore, we are determined to keep our commitment globally and here in the region and Nigeria in terms of partnerships, cooperation and humanitarian aid,” he said.

VP Shettima Welcomes Partnership With Asian Consortium On Electric Cars, Solar Equipment Manufacture In Nigeria

In another development, Vice President Shettima applauded the proposal for partnership between Nigeria and the Asia Economic Development Committee (AEDC) of South Korea for solar equipment and electric vehicle manufacturing, as well as for advanced Information Technology for security enhancement in Nigeria.

He said Nigeria was ready for partnerships that would advance the industrialisation agenda of the administration of President Bola Ahmed Tinubu and improve the lives of the citizens.

The Vice President stated this on Tuesday when he received a delegation from the AEDC South Korea led by its Chairman, Mr Yoon Suk-hun, on a courtesy visit to the Presidential Villa, Abuja.

Senator Shettima added that Nigeria is open to and interested in any form of arrangements that would lead to the transfer of technology and the establishment of industries for solar equipment production and electric vehicle manufacturing in Nigeria, among others.

He reiterated the commitment of the Tinubu administration to creating the enabling environment for private investments in the country, assuring the delegation of the government’s cooperation.

“This government wants to be the facilitator for businesses to thrive in Nigeria. We will create a safe passage and a conducive environment for private businesses like yours to thrive.”

The Vice President commended South Korea’s commitment to the development of Africa, given their shared history, just as he praised the country’s investments in human resource development and technological advancement, especially in automobile manufacturing and the alternative energy sector.

Earlier, the leader of the delegation, Mr Suk-hun, said the delegation was in the country to explore areas of partnership in solar technology, electric vehicle manufacturing and information technology infrastructure for security enhancement, among others.

He said the AEDC believes in the present leadership of the country to harness the enormous potential there, leveraging technology and the resources that abound across the country.

Mr Suk-hun said the organisation’s proposal for investment in Nigeria was not for profit maximisation but to ensure the transfer of technology in key areas, including solar technology, electric vehicle manufacturing and information technology capacity for security enhancement.

Also present at the meeting were the Founder/Chairman of AMMASCO Group, Alhaji Mustapha Muhammad; Shin Kyeong-seub; Kim Se Hun and Yang Jin Won, all from the AEDC.

European Reconstruction Bank Sites First West African Office In Lagos

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2027: A glance at Yobe politics and those struggling to succeed Governor Mala Buni

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2027: A glance at Yobe politics and those struggling to succeed Governor Mala Buni

By: Yahaya Wakili

Yobe State in 2027 remains politically heavily influenced by a concentrated group of established elites, including former and current governors, legislators, and traditional leaders who maintain significant control over party nominations and resource distribution. This centralized power structure has contributed to political stability and smooth transitions but simultaneously limits democratic participation and impedes broader developmental progress. Notably, long-serving legislators such as Rt. Hon. Chiroma Buba Mashio exemplify the entrenched nature of this elite dominance. Within this context, the question of Governor Mala Buni’s successor is largely shaped by these influential actors rather than open electoral competition.

Yobe’s political future appears to be orchestrated by a limited cadre of power brokers whose influence will likely determine Governor Buni’s successor. The absence of transparent contestation or emerging alternative leaders suggests continuity within established networks rather than transformative political shifts by 2027.

For now, about six politicians are currently struggling to succeed Governor Mai Mala Buni, CON, in the 2027 general elections in Yobe State. The names currently circulating in the social media, who are all members of the All Progressives Congress (APC), include The former Senate President and current Senator for the Yobe North Senatorial District, Senator Ahmad Ibrahim Lawan, PhD, GCON Sardaunan Bade; Senator Ibrahim Mohammed Bomai, Turakin Fika, Yobe South Senatorial District; Senator Musa Mustapha, Yobe East Senatorial District; Hon. Jibrin Mai Gari, a Commissioner representing Yobe State in the Federal Character Commission; Hon. Kolo Lawan Geidam, who was currently a mandate Secretary for Agriculture and Rural Development, FCT Abuja; and the current Secretary to the State Government, Baba Mallam Wali mni

But the battle line may be drawn between former Senate President Senator Ahmad Ibrahim Lawan, PhD, GCON, and Senator Ibrahim Mohammed Bomai. The two top gladiators in Yiobe politics have been working to win the people recently. All Progressives Congress (APC) in the state, however, is warning its members to desist from such calling because it says it is too early now to start campaigning for the 2027 general elections. Yobe State is divided into three senatorial zones: Zone A, Zone B, and Zone C. Zone A is Yobe East, Zone B is Yobe South, and Zone C is Yobe North.

Despite rumors circulating about Governor Buni’s potential defection from the All Progressives Congress (APC), official statements from his spokesperson categorically deny any intention to leave the party or join coalitions ahead of the 2027 elections. This affirmation underscores Buni’s continued centrality within the APC framework in Yobe State. However, neither these denials nor public discourse provide clarity on who might succeed him after his tenure concludes.

Since the return of democracy in the country in 1999, only the APC has been ruling the state, and they call it a one-party state in the country, and since then only Zone A has been producing the governor; this includes the late Senator Bukar Abba Ibrahim, Minister of Police Affairs Alhaji Ibrahim Geidam, and current Governor Hon. Mai Mala Buni CON, and Zone B has produced only one governor, the late Senator Mamman B. Ali, and he spent only 18 months in office before he died, while Zone C didn’t produce anyone, not even the deputy governor. But recently , in his interview with newsmen at his residence in Potiskum, the former APC State Chairman, Alhaji Adamu Abdu Chillariye, said rotation or zoning has become necessary in Yobe politics if they want the party to succeed in the 2027 general elections in the state.

According to Adamu Abdu Chillariye, if they want justice in the politics of Yobe State, let the party introduce the rotating formula of the governorship set in the 2027 general elections to other zones. It is not a traditional institution to say that only one tribe or one zone can continue to produce the governor at any time, he said. This will not augur well for our great party, and even after our lives, the rotating must be done in Yobe politics. If they want justice to prevail in Yobe politics, people are afraid to say the truth. The people of Zone C are crying for marginalization; they said they were marginalized, and they call on the party in the state to do justice. They expressed their feelings. The people of Yobe North, Zone C, have started appealing to the party leadership that this time around it is the turn of Zone C. Because the marginalization is too much, they said since the restoration of democracy in 1999, the people of Zone C have been marginalized. They said we, the people of Zone C, are always loyal to the APC, but they do not carry us along; they have always marginalized us in Yobe politics.

They also expressed their feelings on Yobe politics; the people of Yobe South Zone B said, This time is our turn. Let them allow us to complete our tenure because the late Senator Mamman B. Ali spent only 18 months in office before he died. He was supposed to spend 4 years in office, so the people of Zone B are overdue to complete their tenure. The political analysis in Yobe State says this time in Yobe State, if care is not taken, in 2027 the APC in Yobe State will lose its credibility and its seat to the opposition party in the state because the opposition will use this opportunity to wrestle the governor’s seat in the state. They said the politics of Yobe is becoming a family affair, and if the APC doesn’t change its style of dictatorship, it will lead them to failure.

2027: A glance at Yobe politics and those struggling to succeed Governor Mala Buni

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DEMOCRACY STRONG AND ALIVE IN NIGERIA; IGNORE ALARMISTS

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DEMOCRACY STRONG AND ALIVE IN NIGERIA; IGNORE ALARMISTS

By: Bayo Onanuga

We have read the alarming claims of disgruntled opposition figures, some partisan human rights crusaders and emergency defenders of democracy over recent defections of key members of opposition parties into the governing All Progressives Congress.

The seismic shift caused by Akwa Ibom Governor Umo Eno’s open declaration of support for President Bola Tinubu, the defection of the Delta State Governor, Sheriff Oborevwori, the former vice presidential candidate of the Peoples Democratic Party in the last election, Dr Ifeanyi Okowa, and the principal political actors in Delta and Rivers States certainly threw the opposition and their sympathisers into disarray.

While the opposition elements are understandably heartbroken over the failure of their fabled grand coalition to gain traction, we find it disturbing that they resorted to peddling false allegations of promoting a one-party State against President Bola Tinubu, who is working very hard to reverse decades of economic mismanagement in our country.

Contrary to the false claims in the propaganda materials in circulation across mainstream and social media, democracy is not under any threat in Nigeria. Accusations that the administration is moving towards authoritarianism are baseless and exaggerated.

We must add that no policy, official action, or directive from the Presidency seeks to “dismantle democracy” or “weaken opposition or create a one-party state.” Accusations of bribery, blackmail, and the weaponisation of state institutions only exist in the idle minds of politicians and their agents who have failed in their assigned role of opposition and are fishing for scapegoats.

The opposition cannot blame President Tinubu and the governing APC for their poor organisation, indiscipline, and gross incompetence in managing their affairs. It is certainly not part of President Tinubu’s job to organise or strengthen opposition parties.

We find it curious that those who celebrated the defection of the former Governor of Kaduna State, Mallam Nasir El-Rufai, to the Social Democratic Party (SDP) and the formation of a regional grand coalition with the sole aim of defeating President Tinubu in the 2027 election are the same people shedding crocodile tears over Nigeria’s so-called drift to a one-party state and authoritarianism.

While the latter-day defenders of democracy raised no anxious voice against the disgruntled politicians cobbling an anti-Tinubu, anti-APC coalition along dangerous regional lines, even before INEC blows the whistle for party politicking, they are quick to ascribe the political shifts in some states to “bribery, blackmail, and coercion” without any shred of evidence.

Without any equivocation, freedom of association, freedom of speech and freedom of choice are part of the cherished ideals of democracy. When politicians and citizens cannot freely join any association or political party of their choice or cannot openly express their views, democracy is imperilled. Those opposed to the Tinubu administration should understand that they can issue diatribes, without fear, against the government because we practice a thriving democracy.

It is hypocrisy writ large when opposition politicians and their collaborators in the ‘human rights’ movement desire that the party of the President should implode so they can gain electoral advantage and cry wolf when their wish does not materialise.

We want to state that democracy is not threatened or undermined simply because politicians exercise their rights to freedom of association. Nigerians migrating to the APC and expressing support for Tinubu are doing so out of their free will, based on the belief that the reforms being executed are in the interest of Nigerians and the unborn generation. It is a gross disservice to democracy in itself for these emergency defenders of democracy to delegitimise the political choices of some Nigerians while upholding the choices of others to form a coalition against Tinubu and APC.

Under President Tinubu, democracy is strong, and the multiparty democratic system will continue to flourish unhindered. His administration remains resolutely committed to upholding and strengthening the democratic foundations upon which our Fourth Republic has stood since 1999

Politicians changing party affiliation is not new or peculiar to Nigeria. In more advanced democracies, there are ready examples of notable politicians, statesmen and women who changed their parties.

President Tinubu and the National Working Committee of the APC, under the leadership of Dr. Abdullahi Ganduje, deserve commendation for making the ruling party viable and attractive to all Nigerians willing to participate in the democratic process.

President Tinubu is an avowed democrat and a firm believer in multiparty democracy. His political activism and democratic credentials in galvanising and strengthening opposition platforms as a force that defeated a sitting President and the then ruling party attest to his credibility as a tested defender of multiparty democracy.

We urge all Nigerians to join hands with the administration in protecting our democracy by respecting our people’s choices and giving alarmists, who draw their narratives from the pool of fiction, a wide berth.

DEMOCRACY STRONG AND ALIVE IN NIGERIA; IGNORE ALARMISTS

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