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Financial Inclusion: FG Moves To Fast Track Cash Transfers To 15m Households

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Financial Inclusion: FG Moves To Fast Track Cash Transfers To 15m Households

By: Our Reporter

The Federal Government has commenced the implementation phase of its economic and financial inclusion strategy aimed at improving access to economic opportunities for Nigerians.

To this end, the government has established an inter-agency task force to address challenges delaying President Bola Ahmed Tinubu’s approved conditional cash transfers to 15 million vulnerable households.

Speaking at the inaugural meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion (PreCEFI), Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia, explained that the meeting brought together high-level stakeholders from government agencies, financial institutions, and academia to align on the President’s vision and execution roadmap.

“We are off to a very good start. What has led to the success of what we’ve done so far is alignment and inclusive stakeholder engagement. Financial inclusion is not just about having a bank account—it means access to quality services, credit, and the visibility that digital platforms offer,” he said.

Senator Hadejia cited recent discussions that were had at the World Bank Spring Meetings, noting that “the whole conversation was about India and what it has been able to achieve in lifting its population out of extreme poverty through financial inclusion.”

Earlier, the committee’s Secretary, Dr. Nurudeen Abubakar Zauro, who also serves as the Technical Advisor to the President on Financial Inclusion, said the meeting also approved PreCEFI’s strategic roadmap and governance structure.

“An inter-agency committee has been established to address delays in the disbursement of conditional cash transfers to 15 million households as mandated by President Tinubu,” Dr. Zauro said..

The inter-agency task force includes the National Identity Management Commission (NIMC), National Social Safety-Nets Coordinating Office (NASSCO), National Cash Transfer Office (NCTO), Central Bank of Nigeria (CBN), and the Nigeria Inter-Bank Settlement System (NIBSS). Their goal is to unlock bottlenecks and fast-track the distribution of critical financial support to Nigeria’s most vulnerable.

The meeting also endorsed steps to work with state governments in localising data from the EFInA Access to Financial Services survey – a biennial study conducted by the Enhancing Financial Innovation and Access (EFInA) in Nigeria.

“We will be presenting the report to the National Economic Council and the Nigerian Governors Forum to ensure data is domesticated and acted upon at the subnational level,” Dr. Zauro said.

Also, Director-General of NIMC, Engr. Abisoye Coker-Odusote, explained that digital identity plays a foundational role in achieving inclusion goals.

“The beauty of the NIN is that it bridges the financial divide. It provides access to health, education, and agricultural services and strengthens national data infrastructure,” she said.

On her part, Director of Consumer Protection and Financial Inclusion at the CBN, Dr. Aisha A. Isa-Olatinwo, urged the committee to focus on implementable outcomes that serve those at the base of the pyramid, adding that “Financial inclusion is one of the eight reform pillars of the President’s agenda.”

Dean of the Lagos Business School, Professor Olayinka David-West, said the meeting was solution-oriented.

“We identified key challenges impacting the achievement of the President’s Renewed Hope Agenda and how we would use our collective wisdom to solve the problems,” she said, adding that “economic and financial inclusion is every Nigerian’s problem.”

Other members of the committee present at the meeting included the National Information Technology Development Agency (NITDA), the Nigerian Governors’ Forum (NGF), the National Cash Transfer Office (NCTO), the Nigerian Communications Commission (NCC), the Federal Competition and Consumer Protection Commission (FCCPC), the Bank of Industry (BOI), Gates Foundation, Ahmadu Bello University, Zaria (ABU Zaria), the Egbaraden Traditional Council, IQS Africa, and Google.

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Sultan of Sokoto calls for proper understanding of jihad, says Islam abhors extremism

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Sultan of Sokoto calls for proper understanding of jihad, says Islam abhors extremism

By: Zagazola Makama

The Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has stressed the need for Nigerians to understand the true meaning of jihad, noting that it is not about violence but about striving for excellence in all spheres of life.

The Sultan stated this on Thursday in Abuja at the public presentation of “Scars: Nigeria’s Journey and the Boko Haram Conundrum,” a book authored by former Chief of Defence Staff, Gen. Lucky Irabor (rtd.).

He cautioned against misinterpretations of Islamic concepts, saying extremists and uninformed commentators had for decades wrongly associated jihad with terrorism and violence against non-Muslims.

“Jihad simply means striving — striving to be a better Muslim, a better Christian, a better citizen, and a better human being. It is not about killing anyone. Islam abhors extremism, and no true Muslim can claim to follow the teachings of the Prophet while embracing violence,” the Sultan said.

He explained that Islam, properly understood, promotes peaceful coexistence and good governance, adding that Islamic teachings have over the years helped shape Nigeria’s democratic journey by emphasising justice, accountability, and leadership responsibility.

According to him, Islamic institutions such as mosques, scholars, and traditional councils continue to play a stabilising role in the country by mediating conflicts, guiding leaders, and educating citizens on tolerance and civic duties.

“Islam is not about seizing power; it is about ensuring good governance and accountability in society. Our democracy has benefitted from these values because justice and fairness are principles rooted both in the Qur’an and in democratic practice,” he said.

The Sultan also called for stronger interfaith dialogue, stressing that Nigeria’s unity depends on mutual understanding between Christians and Muslims.

“If I know who you are, and you know who I am, we can live in peace. Understanding one another is the foundation for national security and stability,” he added.

He commended Gen. Irabor for writing the book, describing it as a timely resource that not only documents the scars of insurgency but also provides insights for policy, governance, and national healing.

The launch attracted dignitaries including former Presidents Olusegun Obasanjo and Goodluck Jonathan, the Minister of Defence, service chiefs, traditional rulers, senior military officers, and members of the diplomatic corps.

Sultan of Sokoto calls for proper understanding of jihad, says Islam abhors extremism

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Jonathan says Boko Haram insurgency too complex, calls for holistic solutions

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Jonathan says Boko Haram insurgency too complex, calls for holistic solutions

By Hamza Suleiman

Former President Goodluck Jonathan has said that the Boko Haram insurgency remains one of the most complex and enduring security challenges in Nigeria’s history, warning that military action alone cannot end the crisis.

Jonathan stated this on Thursday in Abuja at the public presentation of Scars: Nigeria’s Journey and the Boko Haram Conundrum, authored by former Chief of Defence Staff, Gen. Lucky Irabor (rtd).

He said that unlike previous crises in Nigeria such as the Niger Delta militancy and ethno-religious violence, the Boko Haram insurgency carried deeper scars because of its external connections, extremist ideology, and advanced weaponry.

“Boko Haram is more complex than what many people imagine. At some point, their fighters had more ammunition than our soldiers, which clearly showed that external groups were deeply involved,” Jonathan said.

The former President noted that the abduction of the Chibok schoolgirls in 2014 remained one of the most painful scars of his administration, stressing that no form of cosmetic remedy could erase it from the nation’s collective memory.

He recalled his personal engagement with Niger Delta militants as Vice President, saying that his decision to personally visit their camps without armed escorts was borne out of the conviction that dialogue must complement military action.

“In the Niger Delta, I met the militants in their camps. We succeeded in restoring peace not only because of military action but because we engaged them, listened to them, and created opportunities for their communities. That approach worked,” he said.

Jonathan, however, emphasised that Boko Haram presented a different challenge. According to him, the insurgency must be tackled through a holistic strategy that combines security operations with good governance, poverty reduction, youth empowerment, and social justice.

He said: “We cannot treat Boko Haram simply as a law-and-order problem. It is rooted in poverty, exclusion, and broken dreams. Only a comprehensive approach will deliver lasting peace.”

According to him, Nigeria must adopt a similar approach to Boko Haram by tackling poverty, unemployment, and social exclusion in communities vulnerable to extremist recruitment.

He commended Gen. Irabor for documenting his reflections, saying the book would enrich national understanding of insurgency and guide future leaders in shaping policy responses.

“Those who were directly involved must tell their stories. This book will help the nation understand what really happened, what lessons we must learn, and how we can do better in the future,” he added.

The event attracted dignitaries including former President Olusegun Obasanjo, former National Security Adviser Maj.-Gen. Babagana Monguno (rtd.), service chiefs, ministers, members of the diplomatic corps, and traditional rulers.

Jonathan says Boko Haram insurgency too complex, calls for holistic solutions

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Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA

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Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA

The National Orientation Agency (NOA), on Wednesday said that the Federal Government’s programmes and policies under President Bola Tinubu-led administration were improving the welfare of Nigerians.

Mrs Adaline Patari, the State Director of NOA, Gombe State office, stated this shortly after a road show to mark Nigeria’s 65th Independence Day anniversary in Gombe.

Patari said that programmes and policies of Tinubu-led administration had supported many Nigerians from the student’s loan to conditional cash transfer to support to small businesses amongst others.

She stated that the initiatives by the present administration had restored hope and put the country amongst serious countries pursuing better reforms to improve their economy while revamping infrastructure.

According to her, many undergraduates benefitting from the student’s loan scheme which has removed all financial hindrances impeding access to tertiary education now feel a sense of belonging.

She said that the programmes and policies of the Federal Government have benefitted many households and improved their welfare in line with the Renewed Hope Agenda of President Tinubu.

“The reforms of the Federal Government are working and many persons are proud to be Nigerians and more persons are now trying to do the right things as Nigerians.

“People are beginning to see themselves as proud Nigerians and that confidence of being a Nigerian is being restored.

“Today, many Nigerians are benefitting from the programmes of the current administration, this means that the country is now working for them,” she said.

While acknowledging that there were still challenges that needed to be addressed, Patari said, at 65, we have made tremendous progress especially working together in peace and unity.

She urged Nigerians to continue to support Tinubu administration’s programmes towards building a better country that works for all Nigerians.

The state director said that with the necessary reforms being carried out and already yielding results in the economic, agriculture, security and other sectors, more Nigerians would be prouder to be Nigerians in the future.

“Today, the country is progressing and we are united; we are now prouder to be Nigerians and I can tell you that the labour of our heroes past, indeed is never in vain,” she added.

Commending the contributions of youths to national development, Patari urged them to have a positive mind-set towards Nigeria and to always express optimism of a better Nigeria for everyone.

Patari also lauded the renewed strength with which NOA under the Director General of the agency, Malam Lanre Issa-Onilu was being driven.

She said that government’s policies and programmes were getting more supports from Nigerians because of the constant engagements of Nigerians by the NOA nationwide.

The event also featured sensitisation of residents on Federal Government’s policies, programmes and the need for the people to support the current administration’s Renewed Hope Agenda

Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA

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