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
Egbe Pledges Accountability, Visible Progress in Power Sector Reform
Egbe Pledges Accountability, Visible Progress in Power Sector Reform
By: Michael Mike
Nigeria’s Minister of Power, Joseph Olasunkanmi Tegbe, has assured Nigerians of his commitment to implementing far-reaching reforms aimed at improving electricity supply, strengthening sector accountability, and restoring public confidence in the nation’s power industry.
Speaking after settling into office following his confirmation by the Senate, the minister said his administration had already developed a structured reform agenda focused on discipline, measurable targets, and transparent communication with the public.

Tegbe expressed gratitude to President Bola Tinubu for the confidence reposed in him and disclosed that extensive consultations had been held with key institutions across the electricity value chain.
These engagements, he said, involved the Federal Ministry of Power, the Transmission Company of Nigeria (TCN), the Niger Delta Power Holding Company (NDPHC), the Nigerian Electricity Regulatory Commission (NERC), the Rural Electrification Agency (REA), and other major stakeholders.

According to the minister, the consultations have produced a common understanding among sector players on the need to accelerate reforms and improve service delivery to Nigerians.
He also revealed that discussions with international development agencies and financial partners had yielded encouraging outcomes, with several organizations indicating readiness to provide financial support to help address liquidity challenges that have long constrained the sector.

Highlighting early gains, Tegbe announced the revival of the 450-megawatt Alaoji Open Cycle Power Plant in Abia State, which had remained inactive for about three years. The facility, rehabilitated by the NDPHC, now has the capacity to contribute up to 375 megawatts to the national grid.
The minister further pointed to recent improvements in transmission infrastructure, noting that TCN had successfully energized new assets at Katampe in Abuja as well as substations in Ayede and Abeokuta, developments expected to enhance power delivery across several regions.
On consumer protection, Tegbe welcomed recent regulatory actions requiring electricity distribution companies to compensate Band A customers affected by supply shortfalls. He described the directive as evidence of a growing commitment to holding operators accountable while safeguarding the interests of consumers.
He also cited the swift restoration of electricity in parts of Abuja following the unexpected failure of a 100MVA transformer, praising the coordinated efforts of TCN and Abuja Electricity Distribution Company (AEDC) teams that resolved the outage within 24 hours.

The minister commended workers across the Ministry of Power and its agencies for their dedication and professionalism, while also acknowledging the support of private sector investors and partners. He assured stakeholders that efficiency, innovation and performance would be rewarded under his leadership.
While acknowledging the magnitude of challenges facing the electricity industry, Tegbe appealed to Nigerians for patience, stressing that decades of infrastructure deficits and systemic problems could not be resolved overnight.
He reiterated his commitment to realistic expectations and transparent governance, promising that while he would not make unrealistic pledges, citizens would witness steady improvements and receive regular updates on progress in the sector.
The minister said the reform process was already underway and expressed confidence that sustained collaboration among government institutions, private investors and development partners would ultimately deliver a more reliable and efficient power system for the country.
egbe Pledges Accountability, Visible Progress in Power Sector Reform
National News
China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja
China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja
By: Michael Mike
Nigeria and China have reaffirmed their commitment to deepening cultural cooperation and people-to-people relations through the launch of the “Hello Nigeria—2026 Panda Painting Interactive Experience,” an initiative aimed at promoting friendship, creativity and mutual understanding between the peoples of both countries.
The event, held at the China Cultural Centre in Abuja, brought together diplomats, government officials, artists, cultural practitioners, students and members of the diplomatic community to celebrate the power of art as a tool for international dialogue and cultural exchange.
Speaking at the opening ceremony, Minister of the Chinese Embassy in Nigeria, Zhou Hongyou, described the giant panda as a symbol of peace, harmony and inclusiveness, noting that the exhibition was designed to build bridges between Chinese and African cultures through artistic expression.

According to him, the interactive programme combines the cultural heritage of China’s Sichuan Province—the natural home of the giant panda—with Africa’s vibrant artistic traditions, creating a platform for meaningful engagement among young people and cultural enthusiasts.
“The panda transcends language and borders. Through art, creativity and cultural exchange, we hope to foster deeper understanding and friendship between our peoples,” Zhou said.
The Chinese diplomat noted that the event comes at a significant moment in bilateral relations, as 2026 marks the 55th anniversary of diplomatic ties between Nigeria and China and has been designated as the China-Africa Year of People-to-People and Cultural Exchanges.
He stressed that while economic cooperation remains important, sustainable relations between nations are ultimately built on trust, mutual respect and appreciation of each other’s cultures.
Zhou disclosed that the Chinese Embassy and the China Cultural Centre would continue to expand cultural programmes, youth exchanges, language learning opportunities and artistic collaborations to further strengthen ties between both countries.
Also speaking, Permanent Secretary of the Federal Ministry of Art, Culture and the Creative Economy, Abdulkarim Ozi Ibrahim, said cultural initiatives such as the Panda Painting Interactive Experience demonstrate the ability of art to unite people across linguistic, geographical and social boundaries.
He described the programme as a practical example of cultural diplomacy in action, emphasizing that creative engagement promotes shared values, mutual respect and peaceful coexistence among nations.
“The creative sector serves as a powerful platform for fostering peace, inclusion and sustainable development. Through culture, we are able to build bridges, strengthen relationships and celebrate our shared humanity,” Ibrahim said.
The Permanent Secretary reaffirmed the Federal Government’s commitment to supporting programmes that encourage intercultural dialogue, artistic innovation, cultural tourism and international partnerships.
He noted that cultural exchanges play an important complementary role to diplomatic and economic relations by creating stronger connections among citizens, particularly young people who will shape the future of both countries.
In his goodwill message, Director-General of the National Gallery of Art, Ahmed Bashir Sodangi, highlighted the transformative role of the arts in promoting understanding and friendship among diverse peoples and cultures.
He described the giant panda as an internationally recognized symbol of friendship and environmental consciousness whose message resonates across continents.
According to Sodangi, the event offers participants an opportunity not only to explore artistic creativity but also to reflect on values such as unity, cultural diversity and environmental stewardship.
He commended the Chinese Embassy for its sustained investment in cultural diplomacy and people-to-people engagement, noting that such initiatives contribute significantly to strengthening the longstanding relationship between Nigeria and China.
“The arts remain one of humanity’s most effective instruments for fostering understanding and building bridges across cultures. Programmes like this create opportunities for learning, collaboration and lasting friendship,” he said.
Throughout the event, speakers emphasized the importance of youth participation in cultural exchange programmes, describing young people as the custodians of future relations between both nations.
Students from various international schools participated in painting activities inspired by the panda, while cultural displays showcased the shared values of peace, creativity and cooperation that underpin Nigeria-China relations.
The event also highlighted growing collaboration between cultural institutions in both countries and reinforced the role of the creative economy as a vehicle for diplomacy, tourism, education and international engagement.
As Nigeria and China celebrate 55 years of diplomatic relations, officials from both countries expressed optimism that cultural initiatives such as the Panda Painting Interactive Experience would deepen mutual understanding, inspire new artistic collaborations and strengthen the bonds of friendship between their peoples for generations to come.
China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja
National News
NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens
NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens
By: Michael Mike
The National Association of Nigerian Students (NANS) has cautioned against calls for statewide strikes and mass protests over the recent abduction of teachers and pupils in Oyo State, arguing that such actions could inadvertently serve the objectives of terrorists and kidnappers.
In a statement signed by its National President, Comrade Akinteye Babatunde Afeez, the student body expressed deep concern over the plight of the abducted children and teachers, describing the situation as heartbreaking and unacceptable.
The statement was issued in response to a call by the Campaign for Democratic and Workers’ Rights (CDWR) urging the Nigeria Union of Teachers (NUT), the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to embark on statewide industrial action and mass protests over the security situation.
While acknowledging the constitutional rights of individuals and groups to freedom of expression and association, NANS stressed that such rights must be exercised responsibly, particularly during a sensitive national security crisis.
According to the association, shutting down economic and social activities through strikes could play into the hands of terrorists whose aim is to create fear, instability and national disruption.
“It breaks the heart to see children sent to school by their parents and guardians end up as bargaining chips in the hands of kidnappers,” the statement said, adding that no responsible government would stand by and allow innocent schoolchildren to remain in captivity.
NANS argued that rather than mobilising for strikes and protests, Nigerians should unite in support of efforts aimed at securing the safe return of the abducted victims and defeating terrorism.
Drawing parallels with international experiences, the student body cited Israel’s response to the 2023 Hamas attacks, noting that citizens rallied behind efforts to rescue hostages while maintaining national unity despite deep political differences.
The association also recalled Nigeria’s resilience during difficult periods in its history, including the civil war and predictions of national disintegration ahead of the 2015 elections, saying the country had repeatedly demonstrated its ability to overcome major challenges through unity.
“Nigeria has faced and overcome difficult moments before. If we were able to unite and defeat predictions of national collapse, we can also unite to confront terrorism and insecurity,” the statement noted.
NANS further urged Nigerians to view the fight against terrorism as a collective responsibility rather than solely the burden of government, insisting that citizens, communities and institutions must work together to address the security challenge.
The association maintained that while governments may come and go, the nation and its people remain, making it imperative for all stakeholders to place national interest above partisan or sectional considerations.
The statement comes amid growing public concern over the recent wave of school-related abductions, with security agencies continuing efforts to secure the release of the affected teachers and pupils. NANS expressed hope that the victims would regain their freedom soon and called on Nigerians to remain united in the face of the security challenge.
NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens
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