National News
FG, States, LGs Go Full Cashless March 1
FG, States, LGs Go Full Cashless March 1
Worried by the inflationary consequences of huge public sector cash withdrawals on the nation’s economy, the Nigerian Financial and Intelligence Unit (NFIU), yesterday, outlawed cash withdrawals from all government accounts effective March 1, 2023 warning that defaulters risk three-year jail term.
The NFIU, declared that such transactions would now be done electronically in line with the Central Bank of Nigeria (CBN) monetary policy.
It said defaulters who fail to heed the cash restriction order on public accounts risks collaborative investigation by the Nigeria Financial Intelligence Unit (NFIU), Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices Commission (ICPC).
Director and Chief Executive Officer, NFIU, Modibbo Tukur, who confirmed the latest development at a press briefing, at the Unit’s office in Abuja, said defaulters risk spending three years behind bars.
He said “The NFIU had told banks and government agencies at all levels to go fully digital by moving online, as all transactions involving public money must be routed through the banks for the purpose of accountability and transparency.
“This is not reversible as we are only enforcing the law. As far as we are concerned, Nigeria will become a full non-cash economy by March 1, 2023 this year.
As a consequence, any government official that withdraws even one naira cash from any public account from March 1 will be investigated and prosecuted in collaboration with relevant agencies like EFCC, ICPC and the NPF,” he said.
Tukur clarified that under the guidelines, only the President can give a waiver for any cash above the approved daily threshold to be withdrawn for urgent or emergency reasons.
He said despite the introduction of the cash withdrawal limits in the country, state governments withdraw a total of N701 billion cash above the N225 billion withdrawn by the Federal Government and N156 billion withdrawn by the local governments in the country, bringing total public sector cash withdrawals between 2015 to date to N1.082trillion.
“With some states withdrawing up to N24 billion and then we also discovered that the Federal Government withdrew in cash up to N225 billion while the local governments withdrew up to N156 billion.
“So if we are to apply the law here, all the public servants involved in this withdraws are entitled to three years imprisonment. That’s what the law said,” he said.
The NFIU therefore directed federal, state and local governments in the country to put necessary measures in place to ensure the smooth operationalisation of the new policy.
He advised the different tiers of government in particular, to deploy technology and train their staff to be able to apply the new policy from the stipulated date.
Modibbo said: “With the implementation of this guideline, Nigeria has been taken into a non-cash economy with effect from March 1, 2023.”
Continuing, he said: “The rate of withdrawals above the threshold from public accounts has been alarming, over N701 billion has been withdrawn in cash from 2015 till date. So you are all aware of the inflation in the economy, public servants traveling ,this and that, so the mark of withdrawing above the threshold is becoming very frequent.
“For government exigencies, only the President has the power to grant any waiver to any government official considering the importance of the situation; either for national security, health, or other important reasons.”
“From the first of March 2023. If there is any cash withdrawal, it is going to trigger off money laundering investigation in either EFCC ICPC, the Nigerian police, or all the law enforcement agencies, depending on the relevance of the withdrawal.
“So it’s also understood, the cash in the system is limited. But with this guideline, we expect that cash withdrawal from the system will go down by about N1 trillion Naira out of the N3 trillion cash that is in circulation on a weekly basis now.”
In his reaction, Frank Onyebu, Chairman, MAN, Apapa Branch, said: “This measure is laudable, but I think it’s still a tall order based on so many militating factors, chief of which is infrastructural deficiency. We cannot be talking about going totally cashless when we still have problems with internet penetration.
Chairman, SMEs Group of the Lagos Chamber of Commerce and Industry (LCCI), Daniel Dickson-Okezie said it was a welcome development.
“The more cashless we go, whether at governmental , organisational or individual levels, the better for the economy and society.
The issue of cashless economy was mooted for the first time during the Olusegun Obasanjo administration. The policy is acceptable because it will check crime , money laundering, corruption in government, private and public sectors.
Businesses don’t thrive in a corrupt society, investors don’t want to invest in a corrupt environment and corruption affects government too. So cashless economy will tame corruption,” he said.
He however tasked the government to follow it up by improving information technology infrastructure saying “The whole thing is based on ICT and it is important that we are able to make payments seamlessly.”
An economist, Dr Nathan Owhor, lauded the directive by NFIU on MDAs to ensure that all receipts and payments on government transactions from March 2023 are cashless is good for the economy.
“The leakage in the MDAs are huge and not good enough for the economy. The Chief Executives in the MDAs must learn how to be accountable and show greater financial discipline.
Some of them who claim to have strong godfathers are actually reckless with government finances and they enjoy protection. This protection is usually sustained by huge cash rewards which is a drain on the economy.
“The new cashless policy for the MDAs will therefore achieve four broad objectives amongst others. In the first instance, which is perhaps key is the ability to track government receipts and payments.
Secondly, it has the capacity to reduce the high level of waste and mismanagement in the MDAs. It will also build trust in the domestic economy because of the level of transparency it will engender.
All of these possibilities in the final analysis will make more funds available for development projects,” he said.
FG, States, LGs Go Full Cashless March 1
Five months amnesty granted for regularisation of expired visas
By:Michael Mike
The federal government has granted five months amnesty for regularisation of expired visas to allow travellers comply with the new visa regime.
A statement at the weekend by the public relations officer of the Nigerian Immigration Service (NIS), Akinsola Akinlabi said the amnesty would also reinforce a secure and transparent migration system.
The statement read: “The federal government through the Ministry of Interior and the Nigeria Immigration Service, announces an Expired Visa Initiative (Amnesty).
“This initiative provides a unique window for foreigners currently residing in Nigeria with expired immigration status to regularize their stay without facing penalties.”
He disclosed in the statement that the initiative, which commenced on 1st May 2025, would run through to 30th September 2025.
He further announced that the amnesty specifically apply to individuals who have either overstayed their visas or violated their visa conditions.
He gave the categories of those affected as: Foreign nationals with Expired Visa on Arrival (VoA); Holders of Expired Single and Multiple-Entry Visas and; Individuals with an Expired Combined Expatriate Residence Permit and Aliens Card (CERPAC), where renewal has exceeded 30 days post-expiration.
Akinlabi urged all affected foreign nationals to promptly regularize their stay through
(https://amnesty.immigration.gov.ng) within the grace period to avoid overstay penalties.
He said, “To ensure the Amnesty application process is seamless, the Nigeria Immigration Service has assembled a support team to assist with Amnesty applications. Contact the support team via email at:amnesty@immigration.gov.ng
“The Nigeria Immigration Service remains committed to facilitating lawful migration, safeguarding National Security, and promoting transparency and efficiency across all immigration processes.
“For further information kindly visit the Nigeria Immigration website www.immigration.gov.ng.”
Five months amnesty granted for regularisation of expired visas
National News
Tinubu hails Nigerian Army’s role in defending national unity at 162nd anniversary celebration
Tinubu hails Nigerian Army’s role in defending national unity at 162nd anniversary celebration
By: Zagazola Makama
President Bola Ahmed Tinubu has commended the Nigerian Army for its unflinching commitment to national unity, security, and sovereignty over the past 162 years, describing it as the “spine of Nigeria’s sovereignty” and a “symbol of unity and duty.”
Tinubu, represented by Vice President Kashim Shettima, gave the commendation on Sunday at the grand finale of the 2025 Nigerian Army Day Celebration (NADCEL) held in Kaduna.
The President said the anniversary was not merely a ceremonial occasion, but a moment of solemn reflection, history, and collective gratitude to the men and women who have dedicated their lives to protecting the nation.
“This is not another entry in our calendar of commemorations. It is a time of reflection, a time of remembrance, and a time of profound appreciation,” he said.
“A nation is only as strong as the courage of those who defend it. And for 162 years, the Nigerian Army has remained the unbreakable spine of our sovereignty.”
The President recalled the Army’s historic role in bringing the Nigerian Civil War to an end, upholding the principle of national unity, quoting former Head of State Gen. Yakubu Gowon’s immortal words: “No victor, no vanquished.”
He emphasized that the Nigerian Army has continued to carry the national flag high, not for conquest but for peace, and not for power but for principle — both at home and in global peacekeeping missions.
“We honour the enduring sacrifices of those who gave their lives in service, and those who continue to bear the uniform with pride and resolve. You are the sentinels of our democracy,” Tinubu said.
He expressed full support for this year’s theme, “Developing the Soldier-Based Concept: A Priority for Nigerian Army’s Transformational Drive,” describing it as visionary and timely.
“You cannot build a great army without building strong soldiers. Their welfare, morale, equipment and sense of purpose are not afterthoughts; they are the bedrock of national security,” he said.
The President praised the leadership of the Chief of Army Staff, Lt.-Gen. Taoreed Lagbaja, for prioritising the welfare of troops and placing the soldier at the heart of institutional reform.
Tinubu acknowledged the numerous security challenges confronting the country, including terrorism, insurgency, banditry, and separatist agitations, which he described as existential threats that demand a united and resolute response.
“These evils do not discriminate by tribe or religion. They destroy churches and mosques alike. They abduct children without asking how they worship,” he said.
“Our response must be united, calm, and uncompromising. And to the officers and soldiers of the Nigerian Army, I say this clearly: the time to rise is now. You have my full authorization and the trust of the Nigerian people to confront and defeat those who seek to undermine our nation.”
The President paid tribute to fallen soldiers, some of whom now lie in the soil of a grateful nation, and others who carry the wounds of battle.
“To the families they left behind, I extend the deepest sympathies of a nation that will never forget. Their memory will endure for generations,” he said.
He urged serving personnel to continue in honour, guided by the Constitution and the principles of international law, saying their courage must remain anchored in justice.
The President reaffirmed his administration’s unwavering commitment to the welfare, training, and operational capability of the Armed Forces.
“We will continue to invest in modern equipment, in intelligence, and in the human capital that drives your effectiveness. This is not a favour; it is a duty owed to those who defend us,” he said.
He further commended the Armed Forces’ synergy, especially with the Navy, Air Force, and other security agencies, in tackling complex national threats.
Tinubu reminded all Nigerians that securing the country is not the burden of the military alone, but the responsibility of every citizen.
“We have no other country but Nigeria, and we must not mortgage our future to division, indifference, or delay. Nation-building is the work of every leader, every institution, and every citizen,” he stated.
In his closing remarks, Tinubu saluted all officers and soldiers of the Nigerian Army, past and present, describing them as “the guardians of our nationhood and the shield of our democracy.”
“Long live the Nigerian Army. Long live the Armed Forces of the Federal Republic of Nigeria. Long live the Federal Republic of Nigeria,” he declared.
Tinubu hails Nigerian Army’s role in defending national unity at 162nd anniversary celebration
UN Agency Gives USD 395,000 to 39 Land Restoration Projects Worldwide
By: Michael Mike
In a decisive step to reverse land degradation, 39 land restoration projects led by grassroots organisations have been awarded USD 395,000 through the inaugural Small Grants Programme of the G20 Global Land Initiative (GLI), a flagship initiative of the United Nations Convention to Combat Desertification (UNCCD).
Drawn from 22 countries, the winning projects were selected for their innovation, impact and sustainability. Over 650 organisations from more than 100 countries applied for the award. The winners were selected following three rounds of review by separate UNCCD staff teams, with varied expertise in land management and restoration.
Awardees will receive between US$5,000 and US$15,000 to fund grassroots efforts that boost local economies, improve food and water security and strengthen ecosystem resilience.
The announcement was livestreamed at an event showcasing the grant winners.
The Small Grants Programme is an important tool for achieving the G20 GLI’s mission of reducing degraded land by 50 percent by 2040.
Speaking during the award ceremony, Director of the G20 Global Land Initiative,Dr. Muralee Thummarukudy, said: “We are aware that these big numbers, cannot be achieved by small initiatives alone. Yet, we feel, it is important that tens of thousands of small actors, engaged in land restoration around the world, be supported, promoted and recognized,”
Special priority was given to organisations accredited to UNCCD and to projects empowering Indigenous Peoples, youth, women and the elderly.
The programme was set up in 2024 to support community-level non-profit organisations worldwide. According to a statement, by directly supporting civil society and grassroot actors, these grants will generate measurable progress across global aided restoration priorities, such as soil fertility enhancement, forest regeneration, sustainable agriculture, agroecology and ecosystem-based adaptation.
The statement added that beyond reclaiming land, the projects are enhancing livelihoods, strengthening community climate resilience, and fostering social enterprise and eco-preneurship.
“When we do these small grants program, it is not just about the grant. It’s about the network which we create and the visibility it provides — both for those within it and those outside who can benefit from their knowledge and experience,” Thummarukudy added.
Three of the highest-scoring projects were showcased at the UNCCD Conference of the Parties held in Riyadh, Saudi Arabia, in December 2024, to highlight their potential for scaling and replication across regions.
The statement also revealed that winners will also be showcased at select high-level events in the future, stating that the G20 GLI is committed to inclusive and continuous engagement, and is exploring future
collaboration opportunities for the applicants not selected in this round.
Stressing that “this is just the beginning, this will be an annual process, the next cohort is about to start,” Dr Thummarukudy invited community organisations doing land restoration to apply to join the network because both “big and small” [efforts] are important.
He noted that the second call for applications will open in 2025 with increased funding and expanded
support for grassroots restoration efforts worldwide.
Innovative community-led restoration initiatives are essential for creating green jobs, especially for youth and women..The awards provide support that can transform restoration into a catalyst for economic opportunity and sustainable environmental management.
Examples of selected 2024 grantees include: Legacy of War Foundation (Rwanda), which will restore six hectares of degraded soil while empowering 90 women as landowners of fully organic cooperative farms. By integrating climate-smart and artisanal farming methods, the project aims to improve soil fertility and agricultural resilience in post-conflict rural communities.
Up2Green Foundation (India) is restoring mangroves and riverbanks in Tamil Nadu, India. The project is reforesting 60 hectares and planting 15,000 fruit trees, enhancing biodiversity, strengthening coastal resilience for flood prevention, and training local communities in sustainable agroforestry practices.
Sustainability and Environmental Studies Endeavor (Nepal) is working to restore
ecological balance along the mythological Nagaraj Trail. By revitalizing degraded farms, wetlands and forests using nature-based solutions, the project promotes nature-inclusive agriculture and convivial conservation approaches.
The G20 Global Land Initiative was launched in 2020 under the Saudi G20 Presidency. Hosted by the UNCCD, its ambition is to reduce degraded land by 50 percent by 2040. By showcasing
land restoration, empowering civil society, engaging the private sector and building capacity, G20 GLI is driving restoration to scale and energizing a restoration economy. The Small Grants Programme is a key component of this vision, empowering civil society to restore degraded lands and promote sustainable land management at scale.
UN Agency Gives USD 395,000 to 39 Land Restoration Projects Worldwide
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Tinubu hails Nigerian Army’s role in defending national unity at 162nd anniversary celebration
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