National News
Bridging Financial Inclusion Gaps Key To $1trn Economy Vision – VP Shettima
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
National News
Irate Youths Attempt to Burn NSCDC Office in Taraba After Alleged Torture of Victim to Death
Irate Youths Attempt to Burn NSCDC Office in Taraba After Alleged Torture of Victim to Death
By: Zagazola Makama
Angry youths in Iware, Ardo-Kola Local Government Area of Taraba State, attempted to burn down the office of the Nigeria Security and Civil Defence Corps (NSCDC) following the alleged torture and death of a suspect in custody.
Intelligence sources told Zagazola Makaka that the unrest began after Yunusa Kaka, 42, was reportedly tortured by security personnel at the NSCDC office in Iware.
Trouble started on March 30 at about 9:00 p.m. when Biliaminu Adamu, 24, was arrested for allegedly stealing two handsets and two packets of Benson cigarettes from Peter Majo of Iware Ward. While in custody, Adamu claimed he had given the stolen phones to Kaka, who denied any involvement.
Security personnel allegedly resorted to torturing Kaka in an attempt to extract a confession. He later became unresponsive and was rushed to Miyetti Allah Hospital in Iware by his brother, where he was confirmed dead.
News of Kaka’s death sparked outrage, with a large number of youths mobilizing to attack the NSCDC office.
However, security personnel managed to prevent the attack, and calm has since been restored to the area.
Authorities say investigations into the incident are ongoing.
Irate Youths Attempt to Burn NSCDC Office in Taraba After Alleged Torture of Victim to Death
NAN, AWALCO Partners to Promote ECOWAS Parliament
By: Michael Mike
The News Agency of Nigeria (NAN) has pledged to partner the Association of West African Legislative Correspondents (AWALCO) to publicise the activities of the ECOWAS Parliament, particularly its 25th anniversary celebrations.
The Managing Director of the agency, Malam Ali Muhammad Ali,, made the pledge when the leadership of the association paid him a courtesy visit in his office in Abuja on Thursday.
Ali while expressing appreciation to the association’s officials for deeming it worthy to pay him a courtesy visit, said as Africa’s biggest news content provider, NAN was home to all.
He said: “For deeming it worthy to come and pay us this courtesy call, the agency is appreciative.
“We hope that it will help the Parliament achieve its goals, and raise awareness, like you said, about its activities.
“On our part, the News Agency of Nigeria, like you know, is Africa’s biggest news content provider.”
He noted that the agency is the most authentic and biggest news hub in Africa, with a domineering influence and reach within the West African subregion.
Ali said: “So, with an association like this, certainly in the News Agency of Nigeria, you find a soulmate, a fellow traveler. You are welcome. We look forward to partnering and doing more, and the News Agency of Nigeria is your home.”
Speaking earlier, AWALCO President, Mr Innocent Odoh, explained that the purpose of the visit was to seek the collaboration and support of NAN, as the indisputable leader in terms of news credibility reportage, and viability.
He said that ECOWAS Parliament would be marking its 25th anniversary on November 16 and a series of activities had been lined up for it.
Odoh said that AWALCO, being the association of the parliament’s press corps, was fully involved in it by way of planning to give the occasion a media and publicity glitz.
He said this would help to propagate the ideals of ECOWAS in general, and ECOWAS Parliament in particular, and make the objectives of ECOWAS Commission and Parliament known globally, starting from the subregion.
He said: “In terms of viability, if we talk about the repository of news in all ramifications, in all dimensions, I think the News Agency of Nigeria comes first before any other one.
“So, what we are doing is in line with the media advocacy that we are projecting for the ECOWAS Parliament at 25.
“We can see that if the collaboration with NAN takes off as we planned it, I think it will go a long way in expanding the vision of the association.”
The AWALCO president further said that the partnership would determine how the regional bloc is run, especially at a time that so many things about ECOWAS needed to be interrogated.
“That is why we’re here, to seek that collaboration, to seek that support, how we can deepen that collaboration to ensure that the citizens of the Parliament understand what is happening around them.
“ECOWAS has a vision of 2050 but many people may not be aware of it, but collaborations like this can open up an opportunity for people to understand the vision of ECOWAS,” he added
on her part, Chief Communication Officer, ECOWAS Parliament, Mrs Uche Duru,, who was part of the delegation, in a remark, extended greetings from ECOWAS Parliament Speaker and Secretary-General to Ali and NAN’s management.
The spokesperson for the parliament said the association was beyond Nigeria, as its membership encompassed the entire West Africa, including even from member states that were threatening to exit or had already exited.
NAN, AWALCO Partners to Promote ECOWAS Parliament
National News
Nigeria, China May Head for Diplomatic Row Over Shooting of Immigration Officer at Chinese Firm
Nigeria, China May Head for Diplomatic Row Over Shooting of Immigration Officer at Chinese Firm
By: Michael Mike
Nigeria is not taking lightly the shooting of an immigration officer at a Chinese firm in Jos, Plateau State.
The Minister of Interior, Hon. Olubunmi Tunji-Ojo who narrated the story,
The federal government has threatened a serious diplomatic row with the Republic of China over maltreatment of a Nigerian Immigration Service officer shot by a Chinese company in Nigeria for asking for the company’s expatriate list.
Minister of Interior, Hon. Olubunmi Tunji-Ojo, who narrated the story on Thursday in Abuja at a stakeholders sensitisation workshop on the implementation of the Nigeria Visa policy 2025, said Nigeria is not handling the matter with kid gloves as it would be taken up as a diplomatic issue.
Tunji-Ojo lamented that the development alone is an attack on Nigeria. It will never be condoned.
He said the Immigration officer, who was on official duty, had visited the Chinese company in Jos, Plateau state, to check the list of the company’s expatriates, but the owner of the company ordered a security officer in the premises to shoot the government official.
Tunji-Ojo said: “I won’t go to China as a Nigerian, open a company and tell my security to shoot a government official in uniform. It’s never done anywhere in the world.
“These officers put their lives on the line. These officers serve this country with their all. And you will not come from anywhere and ask them to shoot them in their fatherland.
“It will no longer happen. We will take it up with you. Because that company, we (Nigerian government) have the power to withdraw their business permit Nigeria and declare them illegal.”
He wondered how it had become an offence for an Immigration officer to visit a foreign company and demand to see their expatriate list.
He said: “It will not happen again. So we’re going to be very hard. We will not stop your business. We will not overburden your business. But don’t make us inferior in our own land. No, please.
“And we’re going to be very tough on this. Because talking to you, I’m not just talking with passion on this topic, I’m talking with a lot of anger, because that guy that was shot is a Nigeria that we all swore to protect by virtue of the laws of Nigeria, by the constitution. That Immigration guy was not shot by a terrorist, is a father, he is a son to somebody. He is a husband to somebody. That cannot happen anywhere in the world.
“We will not tolerate it. Please, no agent, no company is above the law,” the Minister declared
Nigeria, China May Head for Diplomatic Row Over Shooting of Immigration Officer at Chinese Firm
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