Connect with us

National News

Financial Inclusion: FG Signs MoU With 6 Professional Bodies To Train 10m Nigerians

Published

on

Financial Inclusion: FG Signs MoU With 6 Professional Bodies To Train 10m Nigerians

By: Our Reporter

Nigeria will reap from its demographic dividend if youths, women are prioritised, equipped with skills, says VP Shettima

The Federal Government of Nigeria, on Monday, flagged off a free nationwide training of 10 million Nigerians on financial inclusion and literacy.

This is just as the Vice President, Senator Kashim Shettima, has said Nigeria can reap bountifully from its demographic dividend only if young Nigerians and women are equipped with the needed skills and ethical grounding required for a speedily progressing digital economy.

The training being undertaken by the Office of the Vice President through the Presidential Committee on Economic & Financial Inclusion (PreCEFI), chaired by Vice President Kashim Shettima, is designed to equip Nigerians, particularly women and youths, with essential financial skills, investment knowledge, and digital competencies for sustainable wealth creation.

Accordingly, the Office of the Vice President, through the PreCEFI, signed a Memorandum of Understanding (MOU) with six professional bodies to jointly design training programmes, certification pathways, digital skills initiatives, and mentorship platforms that would strengthen Nigeria’s financial and enterprise workforce.

The professional bodies include the Institute of Chartered Accountants of Nigeria (ICAN); Chartered Institute of Bankers of Nigeria (CIBN); Chartered Institute of Stockbrokers (CIS); National Institute of Credit Administration (NICA); Chartered Risk Management Institute (CRMI) and Nigeria Institute of Innovation and Entrepreneurship (NIIE).

Speaking when he officially flagged off the free nationwide training of 10 million Nigerians, on behalf of President Bola Ahmed Tinubu, at the Presidential Villa, Abuja, the Vice President noted that the signing of the MoU between the Federal Government and the six of Nigeria’s foremost professional bodies was more than a formal agreement.

“It is a strategic national investment in capacity as infrastructure which is the human, institutional, and ethical foundations upon which inclusive growth must rest,” he stated

Senator Shettima noted that the Aso Accord on Economic and Financial Inclusion, which the PreCEFI is mandated to implement, recognises the fact that “financial inclusion is not achieved by access alone, but by competence, trust, and capability.”

According to him, the nation “cannot build a one-trillion-dollar economy on weak skills, fragmented standards, or disconnected professional ecosystems.”

He explained: “This MoU therefore establishes a working framework to harness the collective expertise of ICAN, CIBN, CIS, CRMI, NICA, and NIIE to advance inclusion through capacity building, advocacy, digital transformation, youth empowerment, and support for small and medium practitioners.

“It establishes a structured mechanism for joint training programmes, policy dialogue, digital skills development, and professional standards that align market practice with national inclusion goals.”

VP Shettima pointed out that while capacity building is financial inclusion, “without accountants who understand MSME formalisation, credit administrators who can assess risk beyond collateral, bankers who embed consumer protection, risk professionals who anticipate digital threats, and innovators who translate ideas into enterprises, inclusion remains a slogan rather than a system.”

Maintaining that the training programme must prioritise young Nigerians and women, the VP said, “Importantly, this collaboration prioritises women and youth inclusion and digital transformation, recognising that Nigeria’s demographic dividend will only materialise if young people are equipped with relevant skills and ethical grounding for a fast-evolving digital economy.”

He charged the PreCEFI and the professional bodies not to treat the MoU as a mere document, but as a living platform for execution.

“Accordingly, on behalf of President Bola Ahmed Tinubu,GCFR, I hereby flag off the free training of 10 million Nigerians with priority for women and youth across the country,” VP Shettima declared.

Earlier, the President of the Institute of Chartered Accountants of Nigeria (ICAN), Mallam Haruna Nma Yahaya, applauded the administration of President Bola Ahmed Tinubu for its bold economic reforms that has culminated in the flag off of the financial inclusion free training programme for 10 million women and youths in Nigeria.

He said the decision to embark on the project was prompted by visible improvements in the economy as a result of the gains of the Federal Government’s policy reforms.

Yahaya assured the Vice President of their professional support in the realisation of set objectives, describing their involvement involvement in the project as an institutional honour.

For his part, the CEO of WAWU Africa – technical partners in the programme, Mr Emmanuel Lennox, assured of the company’s readiness to deliver on the project, particularly in providing the digital platform and overall enabling environment for its success.

Also, explaining why the training of 10 million Nigerians on financial inclusion had become necessary, the Technical Adviser to the President on Economic and Financial Inclusion, Dr. Nurudeen Abubakar Zauro, said said, “Exclusion is not only by lack of access, but by limited skills, weak institutional capacity, and insufficient professional support.

“Consequently, financial inclusion is not achieved by infrastructure alone; it is achieved when people and institutions are equipped to use that infrastructure responsibly, productively, and sustainably.”

The high point of the event was the signing of the MoU for the capacity building programme by the Federal Government and the six professional bodies.

Financial Inclusion: FG Signs MoU With 6 Professional Bodies To Train 10m Nigerians

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

CDHR, CAIDOV Ask SERAP to Respect Court Judgment in DSS Defamation Suit

Published

on

CDHR, CAIDOV Ask SERAP to Respect Court Judgment in DSS Defamation Suit

By: Michael Mike

The Committee for the Defence of Human Rights (CDHR) has urged the Socio-Economic Rights and Accountability Project (SERAP) to respect the judgment of the High Court of the Federal Capital Territory in the defamation suit instituted by two operatives of the Department of State Services (DSS).

In a statement issued on Thursday, the rights group said all individuals and organisations, including civil society bodies, must obey decisions of competent courts in line with the rule of law and democratic principles.

CDHR maintained that while advocacy organisations and citizens possess constitutional rights to freedom of expression and public criticism, such rights must be exercised responsibly and within the bounds of the law.

According to the organisation, the court, after reviewing evidence presented before it, found that the publication made against the DSS operatives was defamatory and injurious to their professional reputation.

The group consequently urged SERAP to comply with all lawful directives contained in the judgment pending any appeal and refrain from statements capable of escalating tensions or undermining judicial authority.

It also advised parties and public commentators to avoid inflammatory narratives that could deepen institutional distrust or portray the judiciary as partisan without credible evidence.

“The rule of law remains the foundation of every democratic society. Human rights advocacy must coexist with accountability, fairness, and respect for due process,” the statement said.

CDHR further stressed that no organisation is above the law, just as no security agency should be immune from lawful scrutiny.

The statement was jointly signed by CDHR President and Secretary of the Board of Trustees, Debo Adeniran, and the group’s National Publicity Secretary, Jeremiah Onyibe.

Meanwhile, the Centre Against Injustice and Domestic Violence (CAIDOV) also criticised SERAP over its reaction to the judgment, accusing the organisation of attempting to ridicule the court’s decision.

In a statement signed by its Executive Director, Comrade Gbenga Soloki, CAIDOV said SERAP had continued to pin on its X handle claims that DSS operatives invaded its Abuja office on September 9, 2024, despite what it described as a misrepresentation of facts.

“We in the human rights community should lead by example. We should not be seen as the very persons breaching human rights in the name of free speech. Human rights is universal. It is for everybody. We should not trample on the rights of others simply because they chose to be security agents,” the group stated.

CAIDOV argued that the N100 million damages awarded against SERAP for defamation should not be viewed as extraordinary, citing examples of global firms sanctioned over misconduct.

“Very big corporations around the world have at one time or the other been caught lying or cheating. Just last year, Deloitte, PwC and EY Netherlands were fined $8.5 million for cheating, while KPMG Netherlands was fined $25 million in 2024 for widespread cheating on training exams. What then is the big deal in a Nigerian court imposing a N100 million fine on SERAP for defamation?” the statement added.

The group also faulted Senior Advocate of Nigeria, Ebun-Olu Adegboruwa, for allegedly criticising the judgment instead of encouraging an appeal process.

“SERAP had nearly two years while the matter lasted in court to assemble the best lawyers in their arsenal. They failed to. All their legal luminaries waited until they lost the case, then turned to the media to wage propaganda against two DSS operatives,” CAIDOV said.

It added that it was ironic for SERAP, which had often relied on Nigerian courts to hold public institutions accountable, to now question the judiciary because the verdict did not favour it.

“If people like Ebun-Olu Adegboruwa feel they know more than our revered judges, it is not too late for him to transmute from a lawyer to a judge,” the group declared.

CDHR, CAIDOV Ask SERAP to Respect Court Judgment in DSS Defamation Suit

Continue Reading

Military

Power Minister-Designate Clarifies Promise on Fixing Nigeria’s Grid in Three Months

Published

on

Power Minister-Designate Clarifies Promise on Fixing Nigeria’s Grid in Three Months

By: Michael Mike

The camp of Nigeria’s Minister-designate for Power, Olasunkanmi Tegbe, has dismissed media reports claiming he promised to fix the country’s troubled national power grid within three months, describing the reports as inaccurate and misleading.

In a statement issued on Thursday by his spokesperson, Adeola Adelabu, the minister-designate clarified that no such commitment was made during his Senate screening on May 6, 2026.

According to the statement, Tegbe had clearly explained that timelines for major reforms in the power sector were still being developed and would depend on technical diagnostics as well as consultations with key stakeholders.

The clarification followed widespread reports suggesting that the minister-designate pledged to completely resolve Nigeria’s persistent electricity grid problems within a three-month period.

The statement stressed that while Tegbe assured lawmakers that initial efforts aimed at stabilising the national grid would begin within his first 100 days in office, he also acknowledged that deeper structural reforms in the sector could take significantly longer.

It quoted the minister-designate as saying that reforms relating to sector credibility, gas supply, metering and operational efficiency may require about one year to achieve meaningful progress.

“My promise to this chamber and to Nigeria is that Nigerians will see visible improvement in the sector,” Tegbe reportedly told senators during the screening.

He further pledged to stabilise the national grid, modernise electricity infrastructure, strengthen commercial frameworks within the sector and enforce accountability across the entire power value chain.

On electricity tariff reforms, Tegbe reportedly assured that vulnerable households would be protected while government works to balance affordability, sector sustainability, investor confidence and operational efficiency.

The statement also emphasised that the minister-designate remains open to constructive engagement with the media and encouraged journalists to seek clarification where necessary in order to avoid misinformation.

According to the spokesperson, Tegbe views the media as critical partners in nation building and in helping Nigerians understand the scope and direction of the proposed reforms in the power sector.

Nigeria’s electricity sector has continued to face major challenges, including repeated national grid collapses, inadequate generation capacity, weak transmission infrastructure, gas supply constraints, poor metering and mounting debts across the value chain.

The minister-designate’s clarification comes amid heightened public expectations over the ability of the administration of President Bola Ahmed Tinubu to address the country’s longstanding electricity crisis and improve power supply to homes and businesses.

Power Minister-Designate Clarifies Promise on Fixing Nigeria’s Grid in Three Months

Continue Reading

National News

Giwa detention facility completes 1,450 terrorism cases, moves 500 suspects for trial

Published

on

Giwa detention facility completes 1,450 terrorism cases, moves 500 suspects for trial

By: Zagazola Makama

The Joint Investigation Center located at Giwa Barracks, Maiduguri, says it has concluded investigations in about 1,450 terrorism-related cases, while over 500 suspects have recently been transferred for prosecution, many of whom were subsequently convicted.

The Commander of the facility, Brig.-Gen. Yusuf Audu, disclosed this on Wednesday in a detailed briefing delivered by Capt. Obinwale, where he outlined the structure, operations and reforms of the multi-agency detention and investigation centre supporting counter-terrorism efforts in the North-East.

Audu said the facility, established as a unified interrogation and screening hub for suspects arrested during counter-insurgency operations, remains central to Nigeria’s fight against Boko Haram and ISWAP insurgents.

He explained that all suspects processed through the centre undergo structured investigations, legal review, and eventual classification into prosecution, rehabilitation, or reintegration pathways, depending on findings.

“After investigation, a complex casework group reviews all reports and provides legal advice. Based on the outcome, detainees are categorised into three groups: prosecution, rehabilitation, and reintegration,” he said.

He disclosed that “recently, the centre moved over 500 suspects for trial, most of whom were convicted,” adding that the development reflects improved coordination among security and justice institutions handling terrorism cases.

Audu said the centre operates as a multi-agency platform comprising personnel from the Nigerian Army, Defence Intelligence Agency, Nigeria Police Force, Department of State Services, Nigerian Correctional Service, Nigeria Security and Civil Defence Corps, National Drug Law Enforcement Agency, and Nigeria Immigration Service, alongside legal experts from the Office of the Attorney-General of the Federation.

According to him, the arrangement ensures a holistic approach to terrorism investigations and strengthens the integrity of prosecution processes.

He noted that suspects are received with preliminary investigation reports from frontline units, formally documented, and assigned to investigators drawn from various security agencies.

The commander said detainees are kept in segregated facilities, with special provisions for women and children, while minors accompanied by mothers are provided with basic education and care within the centre.

He added that medical support is a key component of the facility’s operations, with isolation and treatment available for detainees suffering from illnesses such as tuberculosis, in collaboration with humanitarian partners.

Audu said the centre maintains structured feeding arrangements, with three meals daily provided to detainees, supported by improved water supply systems, including a 40,000-litre solar-powered borehole constructed with support from the International Committee of the Red Cross (ICRC).

He also disclosed that inmates are provided with clothing, toiletries, and hygiene materials upon admission, while periodic fumigation is carried out to maintain sanitation standards.

According to him, detainees also benefit from physical and psychological support programmes, including access to sports, indoor games, and supervised exercise periods aimed at improving mental and physical well-being.

Audu said the facility also operates a “restoration of family links” programme, through which detainees communicate with relatives with support from international humanitarian organisations, including the ICRC.

On legal processes, he explained that investigations are conducted under the Terrorism Prevention Act of 2011, as amended in 2013 and 2022, with judicial oversight through federal high court remand orders and adherence to human rights standards.

He noted that biometric data of all suspects is captured and stored in a national database to support intelligence gathering and future security operations.

The commander further highlighted collaboration with international partners, including the International Organization for Migration (IOM), United Nations Office on Drugs and Crime (UNODC), UNICEF, and other humanitarian agencies, which have supported infrastructure development, training, and detainee welfare programmes.

He said UNODC constructed an evidence storage facility, while IOM established a data management system to improve screening and classification of suspects.

Audu added that UNICEF has provided educational materials for juveniles, while the ICRC continues to support healthcare delivery and humanitarian interventions within the facility.

He said detainees are also engaged in skill acquisition programmes such as tailoring, farming, poultry, fish farming, cap making, and bakery operations, designed to equip them with vocational skills for reintegration.

According to him, the bakery project recently established within the centre was introduced to reduce operational costs and enhance vocational training opportunities.

“The idea is to keep detainees engaged productively while awaiting investigation outcomes,” he said.

He explained that officers posted to the centre are carefully selected based on professional backgrounds in psychology, criminology, sociology, and related fields to improve investigative efficiency.

Audu also noted that the facility has received commendations from local and international dignitaries, including former defence ministers, service chiefs, United Nations officials, and counter-terrorism experts who have visited the centre.

He said the centre’s operations align with global best practices, particularly the United Nations principle that “effective counter-terrorism measures and protection of human rights are mutually reinforcing.”

Despite the achievements, he acknowledged challenges, including difficulty in securing witnesses from affected communities due to insecurity and fear of reprisal, as well as delays in prosecution processes which often prolong detainees’ stay in custody.

Giwa detention facility completes 1,450 terrorism cases, moves 500 suspects for trial

Continue Reading

Trending

Verified by MonsterInsights