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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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Tuggar Resigns from Tinubu’s Cabinet, Sets for Bauchi Governorship

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Tuggar Resigns from Tinubu’s Cabinet, Sets for Bauchi Governorship

By: Michael Mike

The rumoured interest of Minister of Foreign Affairs, Ambassador Yusuf Tuggar in becoming the governor of Bauchi State come 2027 may have been confirmed he resigned on Monday to prepared ground for actualization of his political ambition.

The resignation was ahead of the deadline set for political appointees seeking elective positions in the forthcoming general elections.

In a resignation letter submitted to the office of the Secretary to the Government of the Federation, Tuggar expressed profound gratitude to President Bola Ahmed Tinubu for the opportunity to serve the country and contribute to the implementation of the administration’s Four-D foreign policy strategy.

The former minister also appreciated the management and staff of the Ministry of Foreign Affairs and members of the diplomatic community for their cooperation and support throughout his tenure.

During his time in office, Tuggar was credited with advancing Nigeria’s foreign policy objectives through initiatives focused on people-centred diplomacy. These included humanitarian evacuations, facilitation of scholarships for Nigerians abroad, and sustained support for citizens in the diaspora.

His tenure also witnessed increased diaspora engagement, including efforts to develop a structured database of Nigerians living abroad aimed at strengthening their participation in national development.

In addition, Tuggar strengthened bilateral and multilateral relations through strategic engagements with traditional partners and regional alliances, particularly across the Global South. His leadership also promoted regional security cooperation and supported the formation of the Regional Partnership for Democracy initiative.

He also prioritised economic diplomacy, positioning Nigeria as an attractive destination for foreign investment, especially in the energy sector, while facilitating diplomatic interventions that secured the release of detained Nigerians in foreign countries and improved bilateral relations.

The resignation letter was received on behalf of the Secretary to the Government of the Federation by Dr. Abubakar Kana, Permanent Secretary, General Services Office, ahead of the March thirty-first deadline directed by President Tinubu in line with provisions of the Electoral Act.

Tuggar’s resignation was conveyed in a statement issued by his Special Assistant on Media and Communications Strategy, Alkasim Abdulkadir.

Tuggar Resigns from Tinubu’s Cabinet, Sets for Bauchi Governorship

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Fuel Crisis: ActionAid Urges FG to Deploy Emergency Measures as Global Conflict Deepens Hardship

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Fuel Crisis: ActionAid Urges FG to Deploy Emergency Measures as Global Conflict Deepens Hardship

By: Michael Mike

ActionAid Nigeria has called on the Federal Government to urgently roll out emergency economic relief measures as the ongoing conflict involving Iran, Israel and the United States continues to disrupt global oil markets and worsen the economic hardship faced by Nigerians.

The organisation raised the alarm in a statement issued in Abuja on Sunday, warning that the crisis, which has persisted for more than a month, is already pushing millions of Nigerians deeper into poverty through rising fuel prices, transport fares and food costs.

According to the group, the absence of a clear and coordinated response from the Federal Government to cushion the effects of the global energy shock is deeply troubling.

While noting that global crude oil prices have surged from an average of about seventy-five to eighty dollars per barrel before the escalation of the conflict to roughly one hundred dollars per barrel due to supply disruptions in the Middle East, the organisation said Nigeria should be benefiting from the price increase.

It explained that with Nigeria’s daily crude oil production currently averaging between 1.3 million and 1.5 million barrels per day, the country is earning significantly more revenue from oil exports, yet these gains have not translated into relief for citizens struggling with soaring fuel costs.

The organisation said petrol prices are currently selling between N1,200 and N1,400 per litre across many parts of the country, while diesel prices remain persistently high.

It noted that the impact is being felt across all sectors of the economy, with transport fares surging, food prices rising and the cost of essential goods and services climbing beyond the reach of many households.

Speaking on the situation, the Country Director of ActionAid Nigeria, Andrew Mamedu, said the hardship faced by Nigerians reflects both the global crisis and long-standing domestic policy failures.

“It is unacceptable that Nigerians continue to suffer the consequences of global oil price increases while the country fails to translate its oil wealth into protection for its people,” he said.

Mamedu added that other countries facing similar shocks have implemented proactive measures to shield their citizens.

He cited examples of governments in Asia introducing price stabilisation policies, public transport support schemes and financial assistance to households in order to mitigate the effects of rising energy costs.

He noted that countries such as Thailand have deployed mechanisms such as the Oil Fuel Fund to cap fuel prices, while Indonesia has used subsidy compensation and public funds to reduce the impact of global price increases on citizens.

According to him, Nigeria must demonstrate similar urgency by implementing strong social protection measures.

The organisation said rapid community engagements conducted across several states indicate that many households are already adopting distress coping strategies, including skipping meals, withdrawing children from school due to transportation costs and borrowing money to survive.

It also warned that small and medium-sized enterprises are scaling down operations or shutting down completely due to rising diesel and logistics costs, while informal workers are experiencing declining incomes.

To address the situation, ActionAid Nigeria urged the Federal Government, in collaboration with state and local authorities, to deploy a coordinated emergency response that includes targeted cash transfers to vulnerable households and informal businesses.

The organisation also called for the temporary reintroduction of fuel subsidies for petrol and diesel, financial support for public transport systems to curb fare increases and the suspension or reduction of taxes and port charges contributing to high fuel prices.

Other recommendations include expanding the crude-for-naira framework to stabilise domestic fuel supply, protecting food distribution and health logistics from rising transportation costs and enforcing fuel consumption reduction measures across public institutions.

In addition, the group urged private sector employers to provide welfare support for workers, including transport assistance, flexible work arrangements and cost-of-living adjustments.

It also called on state and local governments to strengthen community-level safety nets, monitor market practices to prevent exploitation and ensure that relief measures reach vulnerable populations quickly.

“The global crisis may be beyond Nigeria’s control, but the government’s response is not,” the organisation said.

“One month into this crisis, continued inaction is unacceptable. Immediate and decisive steps must be taken to protect Nigerians from further hardship.”

Fuel Crisis: ActionAid Urges FG to Deploy Emergency Measures as Global Conflict Deepens Hardship

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Easter: Church Targets Spiritual Renewal, Community Impact with Power-Packed Programme

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Easter: Church Targets Spiritual Renewal, Community Impact with Power-Packed Programme

By: Michael Mike

As Christians prepare for the Easter season, the City of Truth and Grace Assembly has positioned its 2026 celebration as more than a routine observance, unveiling a spiritually driven programme aimed at fostering personal transformation and strengthening community bonds.

Themed “The Power of Resurrection,” the church said the initiative is designed to rekindle faith, inspire hope, and provide a platform for collective spiritual engagement at a time when many people are seeking renewal amid prevailing social and economic pressures.

The programme, to be hosted by Dipo Fisho, will begin on Good Friday with a family-focused prayer session which organisers describe as a strategic gathering to address both personal and societal challenges through intercession.

According to the church, the prayer session will emphasise unity, healing, and divine direction for families and the wider community.

The Easter activities will culminate on Easter Sunday with a special worship service centred on the message of resurrection, renewal, and spiritual rebirth.

Organisers explained that the programme goes beyond worship services, incorporating moments of fellowship such as a love feast aimed at strengthening relationships among church members and welcoming first-time attendees while reinforcing the central Easter message of love, sacrifice, and redemption.

“This is not just a celebration; it is a call to experience transformation and new beginnings,” the church said, adding that the programme has been carefully curated to deliver both spiritual inspiration and emotional impact.

The event will take place at The Grounds Sport Arena, with activities scheduled for 5:00 p.m. on Good Friday and 8:00 a.m. on Easter Sunday.

With expectations of a large turnout, the church said the programme—also tagged “The Power of Resurrection”—is open to people of all backgrounds and is intended to inspire faith, unity, and a renewed sense of purpose.

Residents across the city have been encouraged to participate, as organisers project the gathering as a significant Easter convergence focused on renewal, hope, and shared spiritual experience.

Easter: Church Targets Spiritual Renewal, Community Impact with Power-Packed Programme

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