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

Egbe Pledges Accountability, Visible Progress in Power Sector Reform

Published

on

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

Continue Reading

National News

China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja

Published

on

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

Continue Reading

National News

NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens

Published

on

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

Continue Reading

Trending

Verified by MonsterInsights