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MR. PRESIDENT; WITHHOLD ASSENT TO THE AMENDMENT OF THE CENTRAL BANK OF NIGERIA ACT
MR. PRESIDENT; WITHHOLD ASSENT TO THE AMENDMENT OF THE CENTRAL BANK OF NIGERIA ACT
By: Michael Mike
Centre for Social Justices (CSJ) notes with regret the recent amendment to the Central Bank of Nigeria Act, increasing advances the CBN can grant to the Federal Government of Nigeria from 5 percent to 15 percent. The amendment contradicts best practices in fiscal responsibility and is an authorization of the Executive to create macroeconomic distortions through arbitrary and increased ways and means funding.
We recall that the extant S.38 of the CBN Act grants FGN access to ways and means financing in respect of temporary deficiency of budget revenue at such rate of interest as may be determined by CBN. The total amount of such advances outstanding shall not at any time exceed five per cent of the previous year’s actual revenue of FGN. All Advances made pursuant to this authority shall be repaid – (a) as soon as possible and shall in any event be repayable by the end of the Federal Government financial year in which they are granted and if such advances remain unpaid at the end of the year, the power of CBN to grant such further advances in any subsequent years shall not be exercisable, unless the outstanding advances have been repaid.
According to Senator Gobir said: “The very essence of this bill is to enable the federal government to meet its immediate and future obligation in the approval of the ways and means by the National Assembly and advances to the federal government by the Central Bank of Nigeria. This amendment is very consequential and it needs the support of us all. This is to enable the federal government to embark on very important projects that will inflate and rejig the economy.” However, the amendment is a misconceived route to meeting the needs and obligations of FGN and definitely cannot be the road to rejigging the economy. It will rather create new macroeconomic challenges.
Specifically, the following issues are noteworthy:
v If FGN has not been able to refund previous advances from the CBN at 5 percent of previous year’s revenue, what machinery did the amendment put in place to ensure that FGN will be in a position to repay 15 percent of previous years revenue by the end of its financial year?
v There is evidence that previous advances from the CBN were in excess of the 5 percent rule and instead of reforms to ensure conformity with fit and good practices, a leeway is provided for deepening fiscal mischief.
v Previous high levels of advances led the Executive to incur over N23trillion in ways and means which could not be repaid and had to be converted by the National Assembly to long term indebtedness contrary to the provisions of the CBN Act.
v S. 38 (1) of the CBN Act categorically states that such advance should be in respect to temporary deficiency of budget revenue and not as a means of funding the deficit budget as the Federal Government has resorted to in recent years. Over the years and in accordance with fit and good practices, ways and means has never been listed in the Appropriation Act as a source of funding the deficit.
v The option of resorting to ways and means to fund budgetary deficits further increases the already high inflation rate especially when done by printing money not backed by value. Thus, it erodes the value of the Naira, and real income; it reduces purchasing power of citizens.
v The amendment of the CBN Act did not follow due process; it was arbitrary and lacking in popular particpation. There was no opportunity of a public hearing and publicity, to give room for Nigerians to make inputs on this very crucial matter with potentials to negatively affect overall economic growth and general welfare of the people.
In the light of the foregoing, CSJ strongly appeals to President Bola Ahmed Tinubu to withhold assent to the bill. CSJ acknowledges the revenue challenges facing the nation but the implementation of this particular bill (if it becomes law) will create monumental macroeconomic challenges now and in the future.
Eze Onyekpere Sundayson Chidi
Lead Director Program Manager, Public Finance Management.
MR. PRESIDENT; WITHHOLD ASSENT TO THE AMENDMENT OF THE CENTRAL BANK OF NIGERIA ACT
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UNESCO, CWAY Group Partner to Empower Corps Members on Reproductive Health, Life Skills
UNESCO, CWAY Group Partner to Empower Corps Members on Reproductive Health, Life Skills
By: Michael Mike
A strategic collaboration between UNESCO and the CWAY Group is equipping National Youth Service Corps (NYSC) members with critical knowledge on sexual and reproductive health, life planning, and community development.
The initiative, unveiled during an orientation programme, is part of a broader social responsibility effort aimed at reducing risky behaviours among young people while preparing them to become productive contributors to Nigeria’s development.
Speaking at the event, the National Project Officer and Head of Education Sector a.i with UNESCO, Mr. Adeyemi Oladeji explained that the intervention focuses on providing early and accurate information to corps members, particularly during their three-week orientation camp, a period often associated with exposure to risky sexual behaviour.
“This is a preventive approach,” he said. “If young people are properly informed early, they are more likely to make responsible decisions that will not derail their life goals.”
The programme addresses key issues such as teenage pregnancy, gender-based violence, HIV prevention, and life skills development. It is also designed to help young people align their personal ambitions with national development goals, ultimately contributing to Nigeria’s demographic dividend.
A key component of the initiative is the training of selected corps members under the Sustainable Development Goals (SDGs) and HIV Community Development Service (CDS) groups as master trainers. These trained volunteers will extend the campaign beyond schools by engaging out-of-school youths, particularly those in informal sectors such as mechanics, barbers, and hairdressers.
According to Oladeji, out-of-school youths remain among the most vulnerable due to limited access to accurate information and social support systems.
“Most interventions target young people in formal education, but those outside the school system are often neglected despite being highly vulnerable,” he noted.
The trained corps members will conduct community outreach programmes, peer education sessions, and sensitisation campaigns, especially in underserved areas where access to government services is limited. The initiative also emphasizes peer-to-peer education, recognizing that young people are more likely to confide in and learn from their peers.
In addition, the programme integrates voluntary HIV testing services in partnership with health organisations, encouraging corps members to know their status and adopt healthier lifestyles.
“If you know your status, you can take control of your health—whether it means staying negative or managing a positive status effectively,” Oladeji added.
Beyond the camps, the intervention extends to schools and communities. Teachers are being trained to deliver Family Life and HIV Education, while community and religious leaders are being engaged to support the reintegration of out-of-school children, particularly girls affected by early pregnancy or economic hardship.
The initiative is currently being implemented in several states, including Lagos, Ogun, Enugu, and the Federal Capital Territory, in collaboration with the National Youth Service Corps, the Federal Ministry of Youth, and the Federal Ministry of Education.
Early feedback indicates strong interest among corps members, many of whom have volunteered to participate as peer educators and community influencers.
Organisers described the response as “encouraging,” noting that participants are eager to make meaningful impact during their service year and beyond.
“This is just the beginning,” Oladeji said. “We are building a generation of informed, responsible young people who can influence others and drive positive change in their communities.”
UNESCO, CWAY Group Partner to Empower Corps Members on Reproductive Health, Life Skills
News
Athena Centre Launches 2026 Junior Fellowship to Groom Next Generation of Policy Leaders
Athena Centre Launches 2026 Junior Fellowship to Groom Next Generation of Policy Leaders
By: Michael Mike
The Athena Centre for Policy and Leadership has officially announced the commencement of its 2026 Athena-Anchoria Junior Fellowship Programme, marking a significant step in efforts to nurture young leaders in governance and public policy across Nigeria.
The programme, which began on April 25, 2026 in Abuja, is being delivered in partnership with Anchoria Advisory Services Limited.

Speaking on the initiative, the firm’s Managing Director and CEO, Sam Chidoka, emphasized the long-term vision behind the fellowship, noting that investing in capable young minds is essential to shaping Nigeria’s policy future.
A statement on Monday by the Centre, read that following a rigorous nationwide selection process, 14 exceptional young Nigerians were admitted into the 2026 cohort. The fellows were chosen based on academic excellence, leadership potential, and a demonstrated commitment to governance and public policy.
The cohort reflects a broad national spread, drawing participants from all six geopolitical zones. Representatives from the Southeast include Kosisochukwu Praise Bosah, Adaobi Patience Ayogu, and Daniel Kelechi Nnamani. From the Southwest are Ezekiel Adeshina Adebisi and Eunice Iyanuoluwa Olasunkanmi, while the South-South is represented by Angelica Onagiekhuwemhe Enegbuma and Shedrack James Owen.

The Northwest contingent comprises Yahaya Abubakar, Hassan Suleiman Haruna, and Rashida Bafashi Abubakar. From the Northeast are Gabriel Mohammed Shuwa and Mohammed Baba Kale, while the North-Central zone is represented by Augustina Enuwa Abakpa and Muhammad Saheed Afodun.
According to the statement, participants come from diverse academic backgrounds, including political science, law, mass communication, medicine, and other science-based disciplines. The group consists of undergraduates, postgraduate students, and early-career professionals drawn from top Nigerian universities.
The six-month fellowship is designed as a leadership and policy development programme aimed at building a pipeline of reform-oriented leaders. It will begin with virtual learning sessions, followed by sustained engagement and mentorship, and conclude with an intensive in-person session.
Through structured training, mentorship, and hands-on policy engagement, fellows will gain practical insights into governance challenges and institutional reform strategies.

The launch of the 2026 cohort reinforces the Athena Centre’s commitment to strengthening policy capacity and developing a new generation of leaders equipped to drive meaningful change in Nigeria.
Athena Centre Launches 2026 Junior Fellowship to Groom Next Generation of Policy Leaders
News
Nigeria No Longer Safe Haven for Drug Cartels, Says UNODC
Nigeria No Longer Safe Haven for Drug Cartels, Says UNODC
By: Michael Mike
The United Nations Office on Drugs and Crime (UNODC) has declared that Nigeria is no longer a permissive environment for international drug cartels, citing a surge in arrests, seizures, and convictions driven by reforms within the National Drug Law Enforcement Agency (NDLEA).
The UNODC Country Representative, Cheikh Toure, made the statement in Abuja on Monday during the handover of newly constructed audiovisual interview rooms to the NDLEA.

The facilities, equipped with modern interrogation technology, were provided by UNODC with funding support from the United States International Narcotics and Law Enforcement Affairs (US-INL).
Toure described transnational drug trafficking as one of the most destabilizing global threats, linking it to corruption, violence, and the exploitation of vulnerable populations. He noted that Nigeria’s geographic position has historically made it both a target and transit hub for drug networks spanning Latin America, Asia, and Africa.

However, he said recent enforcement efforts have significantly altered that narrative.
“Under the leadership of Mohamed Buba Marwa, the NDLEA has demonstrated remarkable courage and professionalism,” Toure said, adding that the agency’s intensified operations since 2021 have sent a strong deterrent message to organized criminal groups.
He further emphasized that international collaboration remains critical, commending the United States government for its financial support. According to him, the newly donated facilities represent more than infrastructure, describing them as an investment in transparency, accountability, and the rule of law.
The UNODC chief also called for the replication of such modern interrogation systems across NDLEA commands nationwide to strengthen investigative capacity.
In his response, NDLEA Chairman, Buba Marwa, expressed appreciation to both UNODC and US-INL for their continued partnership, assuring that the agency is prepared to build on recent gains.

“We are not just commissioning rooms; we are strengthening the integrity of our investigative process,” he said.
Marwa highlighted that the agency is undergoing a major digital transformation, and the integration of advanced interrogation technology would enhance operational efficiency and align Nigeria’s law enforcement standards with global best practices.
He described the facilities as a symbol of international trust and a boost to the agency’s capacity to deliver justice effectively, while reaffirming NDLEA’s commitment to professionalism, transparency, and respect for human rights.
The event was attended by senior officials from UNODC, NDLEA, and the US-INL, including Deputy Director Douglas Grane.
The latest development underscores growing international confidence in Nigeria’s anti-narcotics efforts and signals a shift in the country’s role in the global fight against drug trafficking.
Nigeria No Longer Safe Haven for Drug Cartels, Says UNODC
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