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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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Shehu Dikko Endorses President Tinubu for Second Term

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Shehu Dikko Endorses President Tinubu for Second Term

By Comrade Philip Ikodor

Abuja, Nigeria – The Chairman of the National Sports Commission (NSC), Shehu Dikko, has called on Nigerians to support President Bola Ahmed Tinubu’s bid for a second term in office come 2027. Dikko made this assertion at the Grand Endorsement event of President Tinubu’s re-election, organized by the National Progressive Hub (NPH), a prominent support group of the All Progressives Congress (APC), held at the Shehu Yaradua Center in Abuja.

Dikko, who hosted the event, highlighted the achievements of the Tinubu administration, including the establishment of the National Sports Commission, which has driven reforms and innovations in sports administration in Nigeria. He also commended the President’s industrial revolution drive, which has led to economic stability and development.

“President Bola Ahmed Tinubu is a great leader committed to positioning Nigeria as a leading nation. His bold economic policies and interventions have yielded positive results,” Dikko said. He also praised the President’s recent executive bill, which mandates key institutions to remit generated revenue directly to government coffers, calling it a significant step towards economic development.

The event also featured the formal inauguration of the 36 state coordinators and the FCT of the National Progressive Hub (NPH) and the unveiling of the Roadmap Framework for strategic grassroots engagement towards the APC’s victory in 2027.

The NPH, a leading APC support group, has thrown its weight behind President Tinubu’s re-election bid, citing his remarkable achievements and commitment to Nigeria’s development. The group is set to mobilize support for the President across the country, leveraging its extensive network and grassroots presence to ensure a landslide victory for the APC in 2027.

The NPH’s endorsement is seen as a significant boost to the President’s re-election campaign, and a testament to his growing popularity and influence among Nigerians.

Shehu Dikko Endorses President Tinubu for Second Term

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FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board

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FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board

We’re targeting 50% of working population by 2030, says VP Shettima

By: Our Reporter

The Vice President, Senator Kashim Shettima, has inaugurated the Board of the Nigerian Consumer Credit Corporation (CREDICORP), saying access to consumer credit is critical to Nigeria’s ambition of becoming a one-trillion-dollar economy.

According to him, President Bola Ahmed Tinubu established the CREDICORP to build a trusted credit infrastructure, provide catalytic capital to lower borrowing costs, and help Nigerians overcome long-standing cultural resistance to credit.

Speaking on Thursday in Abuja when he inaugurated the Board on behalf of the President, the Vice President said that the quality of life of Nigerians cannot improve without closing the gap between access to capital and human dignity.

“A civil servant who earns honestly does not have to chase sudden wealth just to buy a vehicle, or save for ten years to buy one. A young professional should not remain in darkness simply because solar power must be paid for all at once,” the Vice President said.

VP Shettima disclosed that in just one year of operations, CREDICORP has disbursed over ₦37 billion in consumer credit to more than 200,000 Nigerians, with over half of them accessing formal credit for the first time.

The Vice President said the organisation is specifically tasked with building credit infrastructure to bridge the trust gap between lenders and borrowers, providing wholesale capital and credit guarantees through its portfolio company.

“Ultimately, these critical jobs of CREDICORP will enable access to consumer credit to at least 50 per cent of working Nigerians by 2030,” he said.

The Vice President explained that the new board’s role is not ceremonial as they are custodians of the organisation’s mission, adding that the long-term strength of the institution would depend on their “vigilance, integrity, sacrifice, and commitment.”

He directed Board members to uphold Public Service Rules, the Board Charter, and all applicable governance frameworks, warning that accountability and stewardship of public resources were non-negotiable.

Earlier, Chairman of CREDICORP, Otunba Aderemi Abdul, expressed appreciation to President Tinubu for his vision behind the formation of CREDICORP and for the confidence reposed in them, noting that the establishment of Corporation marked an important step towards strengthening the nation’s financial architecture.

He assured President Tinubu that the board understands its responsibility and will guide the institution to deliver meaningful benefits to Nigerians.

For his part, Engr. Uzoma Nwagba, Managing Director/CEO of CREDICORP, recalled watching President Tinubu saying 20 years ago that consumer credit is one of the major tools that will improve the lives of Nigerians.

He noted that over the past 18 months, the institution has benefited more than 200,000 Nigerians, including students.

He assured that the presidential vision behind CREDICORP would not be taken lightly, as the team considers their appointments a unique, once-in-a-lifetime opportunity.

Other members of the board inaugurated include Olanike Kolawole, Executive Director, Operations; Aisha Abdullahi, Executive Director, Credit and Portfolio Management; Dr. Armstrong Ume-Takang (MD, MoFI), Representative of MoFI; Engr. Bisoye Coke-Odusote (DG, NIMC), Representative of NIMC; and Mohammed Naziru Abbas, Representative of FMITI.

Others are Marvin Nadah, Representative of FCCPC; Chinonyelum Ndidi, Representative of the Federal Ministry of Finance; Mohammed Abbas Jega, Independent Director; and Toyin Adeniji, Independent Director.

FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board

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NAPTIP, UK Government Rally Against Rising Trafficking into Southeast Asia Scam Centres

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NAPTIP, UK Government Rally Against Rising Trafficking into Southeast Asia Scam Centres

By: Michael Mike

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP), in collaboration with the British High Commission Abuja, has amplified the voices of trafficking survivors in a bold move to confront the fast-growing crisis of cyber-enabled scam operations across Southeast Asia.

At a landmark survivor-centred forum held in Abuja on Monday, stakeholders gathered under the theme, “Confronting the Global Scam Centre Crisis: Perspectives of Nigerian Survivors,” to spotlight the emerging pattern of Nigerians being lured abroad with fake job offers and forced into criminal cyber-fraud networks.

The event featured testimonies from recently repatriated Nigerians who were trafficked to Myanmar, Laos, Cambodia and Thailand, where they were compelled to operate sophisticated online scam schemes under harsh, exploitative and often abusive conditions.

The programme followed a coordinated rescue effort involving NAPTIP, the Nigerian Ministry of Foreign Affairs, the Nigerian Embassy in Bangkok, the British NGO EDEN, and the International Organization for Migration (IOM). Their joint intervention — including cross-border triangulation at the Thai–Myanmar frontier and welfare visits to detained Nigerians at Bangkok’s Immigration Detention Centre — led to the safe return of 23 survivors earlier this month.

Global data underscore the severity of the crisis. According to the Office of the United Nations High Commissioner for Human Rights (OHCHR) 2026 report titled “A Wicked Problem,” credible estimates indicate that at least 120,000 individuals are currently trapped in forced scam operations inside Myanmar alone, with figures exceeding 300,000 across Southeast Asia. The report notes that victims identified originate from at least 66 countries, and that between 2020 and 2025, 74 percent of known victims trafficked into scam centres were taken to Southeast Asia after being promised lucrative employment.

Speaking at the event, the UK Deputy High Commissioner to Abuja, Gill Lever, said the forum was designed to centre survivors’ voices and ensure their experiences inform prevention and response strategies.

“We are here to listen to survivors who have shown remarkable bravery in sharing their experiences,” she said. “The UK is working closely with Nigerian authorities and partners to ensure trauma-informed care, safe repatriation and stronger safeguards against this rapidly evolving threat.”

Representing the Director-General of NAPTIP, Mrs. Kehinde Akomolafe, the agency’s Director of Public Enlightenment, described the accounts as a stark reminder of the cruelty underpinning modern trafficking networks.

“The courage these survivors have shown is extraordinary,” she said. “Their experiences expose the brutal reality of trafficking into scam centres — a crime that strips individuals of their dignity, autonomy and freedom. NAPTIP remains resolute in protecting Nigerians from this growing menace and strengthening collaboration with international partners.”

One survivor recounted being promised a legitimate job opportunity abroad, only to be trapped in a high-security compound and coerced into online fraud under constant surveillance and threats.

“I was promised opportunity and a better life,” the survivor said. “Instead, I lived in fear and was forced to do things against my will. I am speaking out so other Nigerians can recognise the warning signs. No one should go through what we endured.”

Stakeholders at the forum called for intensified public awareness campaigns, tighter scrutiny of overseas recruitment channels, enhanced intelligence-sharing among Commonwealth partners and stronger victim-protection frameworks.

As cyber-enabled trafficking networks expand across borders, Nigerian and UK authorities signalled that survivor-led advocacy will remain central to dismantling scam syndicates and preventing further exploitation.

NAPTIP, UK Government Rally Against Rising Trafficking into Southeast Asia Scam Centres

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