National News
FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board
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
National News
VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri
VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri
By: Our Reporter
Vice President, Senator Kashim Shettima, Borno State Governor, Professor Babagana Umara Zulum, joined thousands of muslim faithful to observe the Eid prayers at Ramat Square, Maiduguri.
The two units prayer were observed peacefully at the main Eid ground and other prayer grounds across the state under tight security, marking the end of the month-long Ramadan fast.
In a sallah message shortly after the sermon by the Imam Idaini of Borno, Shettiima Mamman Saleh, the Vice President called for unity and peaceful coexistence in the state and the country as a whole.
Senator Shettima assures the Federal Government Gommitment to protecting the lives and properties of the citizenry, stressing that the fight against insurgency would be tackled head-on.
The Imam Idaini admonished worshippers to imbibe the lessons learned during the holy month and encouraged Muslim faithful to give alms to the poor (zakatul fitr) and to fast six days in the month of Shawwal to receive Allah’s bounties and rewards.
Borno State Governor, Professor Babagana Umara Zulum, in a sallah message, called on faithful to recharge their spiritual beings towards rebuilding a secure, peaceful, and prosperous Borno.
He saluted the courage, resilience, and commitment of the people to all initiatives aimed at deepening security and peace-building among the various components of society, fragmented by the Boko Haram insurgency over the years.
The Eid prayer was attended by the Shehu of Borno, Shehu Abubakar Ibn Umar Garbai Almin El-Kanemi; the Borno State Deputy Governor, Umar Usman Kadafur; the APC Deputy National Chairman, North, Senator Mohammed Ali Ndume; and Senator Kaka Shehu Lawan SAN, Minister of State for Regional Development.
Other dignitaries include members of the House of Representatives and the Borno State House of Assembly, former deputy governors, the Secretary to the State Government, Commissioners, APC stalwarts, and other top government officials.
VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri
Eid-el-Fitr: IPCR Urges Nigerians to Embrace Unity, Peaceful Coexistence
By: Michael Mike
The Institute for Peace and Conflict Resolution (IPCR) has called on Nigerians to strengthen unity, tolerance and peaceful coexistence as Muslims across the country celebrate Eid-el-Fitr, marking the end of the holy month of Ramadan.
In a statement issued on Thursday in Abuja, the Director-General of the institute, Dr. Joseph Ochogwu, congratulated the Muslim Ummah in Nigeria and around the world on the successful completion of the Ramadan fast.
He said the occasion, which signifies the end of a period of fasting, reflection and spiritual devotion, provides an opportunity for citizens to renew their commitment to the values of peace, compassion and national unity.
Ochogwu urged Muslims to sustain the virtues cultivated during Ramadan—such as self-discipline, patience, charity and piety—beyond the festive period, stressing that such values are essential for building harmonious communities and strengthening the nation.
According to him, Nigerians must also rise above religious, ethnic and political differences and embrace mutual respect and peaceful coexistence as vital ingredients for national development.
“At a time when the country is confronted with complex challenges, unity of purpose and collective responsibility are crucial to overcoming divisions and building a more secure and prosperous nation,” he said.
The institute also expressed concern over recent security incidents in parts of the country, including the tragic bomb blast in Maiduguri, Borno State, which claimed several lives.
Ochogwu extended condolences to families of the victims, praying for the repose of the deceased and speedy recovery for those injured in the attack.
He reaffirmed the institute’s commitment to its mandate of promoting peacebuilding, conflict prevention and resolution across Nigeria, noting that IPCR would continue to work with government institutions, communities and other stakeholders to address the root causes of conflict.
The IPCR boss further urged citizens to remain vigilant, cooperate with security agencies and actively support peacebuilding initiatives in their communities.
“Peace is a shared responsibility, and every Nigerian has a role to play in safeguarding it,” he added.
Ochogwu also prayed that the Eid-el-Fitr celebration would usher in renewed hope, healing and unity for Nigeria while advancing peace, stability and national progress.
Eid-el-Fitr: IPCR Urges Nigerians to Embrace Unity, Peaceful Coexistence
National News
VP Shettima Visits Victims Of Multiple Explosions In Maiduguri, Assures Of FG’s Tough Response To Terrorism
VP Shettima Visits Victims Of Multiple Explosions In Maiduguri, Assures Of FG’s Tough Response To Terrorism
By: Our Reporter
The Vice President, Senator Kashim Shettima, has restated the Federal Government’s resolve to defeat terrorism, declaring that those behind recent attacks in the country will be decisively confronted.
He noted that beyond the presidential directive to security chiefs, the Federal Government was investing more in equipment and other logistics to boost the fight against terrorism across the country.
Senator Shettima spoke on Wednesday in Maiduguri when he visited victims of the bomb blast who are receiving treatment at the University of Maiduguri Teaching Hospital.
Condemning the gory multiple explosions in Maiduguri on Monday in which more than 100 people were affected by the incident, with over 20 confirmed dead, he described the perpetrators as barbaric, stressing that no cause justifies the killing of innocent people.
The Vice President said his visit was to sympathise with the injured and families affected by the tragedy, assuring of government’s support through the National Emergency Management Agency (NEMA), the North East Development Commission, and the Borno State Government.
The Vice President was accompanied by Borno State Deputy Governor Usman Kadafur; NEMA Director-General, Zubaida Umar; Chief Medical Director of the University of Maiduguri Teaching Hospital, Professor Ahmed Ahijo, and other top government officials.
VP Shettima Visits Victims Of Multiple Explosions In Maiduguri, Assures Of FG’s Tough Response To Terrorism
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