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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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NCC, NSCDC Warn Construction Firms Against Fibre Optic Cable Damage

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NCC, NSCDC Warn Construction Firms Against Fibre Optic Cable Damage

By: Michael Mike

The Nigerian Communications Commission (NCC) and the Nigeria Security and Civil Defence Corps (NSCDC) have issued a strong warning to construction companies, contractors, and other stakeholders over the rising incidents of fibre-optic cable damage during road construction and civil engineering activities across the country.

In a joint statement issued at the weekend, the two agencies described fibre-optic infrastructure as a critical national asset and cautioned that negligence leading to its damage will no longer be tolerated. They stressed that offenders risk prosecution, as such acts now constitute criminal offences under existing laws.

According to the NCC and NSCDC, fibre-optic cables are central to Nigeria’s digital economy, supporting communication networks, emergency services, business operations, and government functions. They warned that frequent and avoidable fibre cuts pose serious threats to national security, economic stability, and public safety.

The agencies noted that under the Designation and Protection of Critical National Information Infrastructure (CNII) Order 2024, telecommunication fibre infrastructure has been classified as Critical National Information Infrastructure. As a result, any damage arising from unauthorized excavation, construction activities, or failure to coordinate with relevant authorities is deemed a criminal act.

They further stated that individuals, construction firms, or government contractors found culpable will face prosecution and applicable sanctions as provided under laws such as the Cybercrimes (Prohibition, Prevention, etc.) Act 2015.

The NCC and NSCDC warned that future incidents linked to road construction, excavation, or civil works carried out without proper consultation with network operators and regulators would attract strict legal consequences.

The agencies urged federal, state, and local government authorities, road construction companies, utility providers, and private developers to comply fully with established guidelines. These include conducting pre-construction verification of fibre routes, collaborating with the NCC, telecom operators, and NSCDC before and during construction, and adhering to approved excavation and right-of-way procedures.

They also called for the immediate reporting of any accidental fibre damage to enable swift response and minimize service disruptions.

Members of the public were encouraged to report acts of fibre-optic infrastructure sabotage or damage to the nearest NSCDC office or through designated communication channels.

NCC, NSCDC Warn Construction Firms Against Fibre Optic Cable Damage

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ECOWAS Reports Resilient Growth and Major Regional Achievements in 2025

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ECOWAS Reports Resilient Growth and Major Regional Achievements in 2025

By: Michael Mike

The President of Economic Community of West African States (ECOWAS), Dr. Omar Touray on Thursday said the Commiswion has recorded notable economic, social, and institutional progress in 2025, despite global uncertainties and regional security challenges.

Speaking at a meeting with development partners, Touray said the regional economy grew by 4.6 percent in 2025, up from 4.3 percent in 2024, with projections of 5.0 percent growth in 2026.

He noted that this performance reflects the implementation of structural reforms, increased fiscal discipline, and measures to strengthen key sectors such as extractive industries and trade.

Touray said the regional inflation also eased from 24.4 percent in 2024 to 16.8 percent in 2025, supported by coordinated monetary and fiscal policies.

He highlighted improvements in budget management, with the regional deficit declining to 3.1 percent of GDP in 2025, adding that the debt-to-GDP ratio fell slightly to 45.7 percent.

He noted that current account balances remained positive, led by export surpluses from Nigeria, Ghana, and Guinea.

On the political and security front, Touray said ECOWAS strengthened peacekeeping and preventive diplomacy efforts across the region. He revealed that missions in The Gambia and Guinea-Bissau assessed operational and financial implications, with recommendations for improved training, monitoring, and exit strategies.

He stated that counter-terrorism initiatives intensified following a rise in fatalities from attacks, with regional intelligence sharing and specialized training programmes expanded, adding that arms control efforts also advanced with the donation of weapons-marking machines to four member states.

On trade and economic integration, Touray said ECOWAS continued to consolidate economic integration, advancing the free trade area, customs union, and common market initiatives.

He said efforts to facilitate cross-border trade included support for women and youth entrepreneurs, the rollout of the ECOWAS National Biometric Identity Card in six countries, and the launch of digital platforms to track trade compliance. The region also participated in major trade fairs and forums, including the Intra-African Trade Fair in Algeria and the first ECOWAS Trade and Investment Forum in Lagos.

Touray noted that significant progress was made in energy, transport, and digital infrastructure, adding that clean energy programmes certified solar technicians, while broadband connectivity projects prepared the deployment of a second submarine cable.

He said ECOWAS also advanced regional road standards, aviation safety capacity, and interconnection hubs for internet access.

He said the Commission strengthened agricultural governance, climate-smart practices, and food security programs, reaching millions of beneficiaries with improved farming technologies, school feeding programmes and livestock development projects. Partnerships on climate resilience, carbon markets, and sustainable resource management were expanded.

He added that through the West Africa Health Organization (WAHO), ECOWAS enhanced epidemic preparedness and laboratory capacities, stating that humanitarian support focused on vulnerable populations, including women cured of fistula and youth employability initiatives, including programmes on gender equality, women’s empowerment, and anti-trafficking capacity building were implemented in multiple member states.

Touray said ECOWAS strengthened internal governance, financial management, and staff capacity development, including training in strategic leadership and risk management.

He revealed that the ECOWAS Court of Justice held 79 sessions and increased public outreach to improve citizen access to justice. International partnerships and diplomatic engagements with the UN, EU, World Bank, IMF, and AfDB yielded support for regional development projects across transport, agriculture, energy, and digital transformation.

He said he these achievements position ECOWAS to advance regional integration, economic growth, and stability, despite ongoing challenges such as geopolitical tensions, security threats, and the withdrawal of Burkina Faso, Mali, and Niger from the Community.

ECOWAS Reports Resilient Growth and Major Regional Achievements in 2025

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Kadafur Swears In 27 Newly Elected Local Government Chairmen in Borno

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Kadafur Swears In 27 Newly Elected Local Government Chairmen in Borno

By: Bulama Talba

The Borno State Acting Governor, Hon. (Dr.) Umar Usman Kadafur, on Thursday swore in 27 newly elected Local Government Chairmen, charging them to embrace accountability, prudence, and people-oriented leadership at the grassroots.

The swearing-in ceremony, held at the Multi-Purpose Hall, Government House, Maiduguri, marked the formal commencement of a new tenure for the Chairmen across the state’s 27 Local Government Areas.

The oath of office and allegiance was administered by the Chief Judge of Borno State, Hon. Justice Kashim Zanna, who was represented by Justice Haruna Mshelia, in three batches.

Delivering the keynote address, Governor Babagana Umara Zulum, represented at the event, described the occasion as a “solemn transition of democratic duty,” stressing that leadership at the local level is a covenant of trust with the people, not a celebration of power.

He congratulated the Chairmen on their victory at the polls, commending the Borno State Independent Electoral Commission (BOSIEC) for conducting a peaceful, free, and fair election.

He however, cautioned that the real task begins with service delivery, noting that local governments are the engine rooms for implementing the state’s 25-Year Development Plan and 10-Year Strategic Transformation Initiative.

The Acting Governor charged the Chairmen to manage public resources prudently, avoid vanity projects, and prioritise initiatives that directly improve security, livelihoods, and the dignity of citizens.

He emphasised that prompt payment of salaries and staff welfare is non-negotiable, while discipline and productivity must be restored in local government administration.

On accountability, the Acting Governor stressed that local councils must operate with openness and transparency, encouraging citizen engagement and public scrutiny.

Alhaji Umar Kadafur also directed Chairmen to reside and work within their respective Local Government Areas, warning against absentee leadership.

The Acting Governor further called on the Chairmen to uphold the rule of law, work closely with security agencies and traditional institutions, and remain vigilant against illegal mining and deforestation, which threaten the environment and livelihoods of communities.

Kadafur tasked the Ministry for Local Government and Emirate Affairs with strict supervision of local councils and used the occasion to commend the immediate past Chairmen for their dedication and service.

Earlier, the Commissioner for Local Government and Emirate Affairs, Hon. Sugun Mai Mele, highlighted the significance of the state’s decision to grant financial autonomy to Local Governments, describing it as a bold reform that has strengthened grassroots governance.

Hon Sugun Mai Mele cautioned that financial autonomy comes with increased responsibility, noting that all expenditures must strictly follow financial regulations, procurement laws, budgetary provisions, and legislative approvals.

He urged the Chairmen to take the lead in initiating and executing impactful projects, rather than relying solely on state funded interventions.

In his vote of thanks, the Chairman of Maiduguri Metropolitan Council (MMC) and ALGON Chairman, Hon. Ali Umar Bolori, expressed gratitude to Almighty Allah and the Governor for the confidence reposed in the Chairmen.

Speaking on behalf of his colleagues, Hon. Bolori pledged that the Chairmen would serve with honesty, fairness, and dedication, and align fully with the Governor’s development agenda.

He particularly appreciated the extension of Local Government tenure from two to three years, describing it as a strategic decision that would enhance planning and delivery of sustainable development at the grassroots.

The ceremony was attended by Senator Kaka Shehu Lawan, Senator Mohammed Tahir Monguno, Hon Satomi Ahmad,APC Party Chairman, SSG, HOS, COS ,Special Advisers,STA,SSA,government officials, members of the State Executive Council, traditional rulers, security agencies, and APC Party stakeholders and Supporters among others.

Kadafur Swears In 27 Newly Elected Local Government Chairmen in Borno

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