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MTN sign $500,000 grant agreement to study women’s access to financial services

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MTN sign $500,000 grant agreement to study women’s access to financial services

MTN sign $500,000 grant agreement to study women’s access to financial services

The African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors hampering access to finance for women in northern Nigeria.

The research, which includes a feasibility study, women-focused design and testing, will focus on both agents and customers to provide insights into women’s use of mobile money services and will be funded through the Africa Digital Financial Inclusion Facility (ADFI). The French Treasury’s Ministry for the Economy and Finance and the French Development Agency (AFD) co-finance and partner this Facility.

A statement on Wednesday by the French Development Agencysaid: “Despite being the continent’s largest economy, 55% of rural Nigerians still lack access to financial services. The rate of mobile money adoption currently stands at 4%, with an agent ratio of 228.8 agents per 1,000 adults. Political instability and conservative cultural norms in parts of Northern Nigeria are thought to present barriers to women’s access to finance. Additionally, 80% of agents in the region are men.”

The statement quoted Director of the French Development Agency (AFD) in Nigeria, Xavier Muron to have said: “French Development Agency (AFD), through the Africa Digital Financial Inclusion Facility (ADFI), is delighted to support this project, furthering our work to financing solutions that contribute not only to the development of a competitive economy that creates jobs and wealth, but also to shared, inclusive and resilient development.”

Also Read: 2022 Commonwealth Games: Queen’s Baton visits Nigeria

On behalf of YDFS, it’s Chief Executive Officer, Usoro Usoro, said, “We are truly excited about this partnership with the African Development Bank, and the possibilities for advancing financial inclusion in Nigeria, particularly for the traditionally excluded segment of women in Northern Nigeria.”

ADFI is a pan-African initiative designed to catalyze digital financial inclusion throughout Africa with the goal of ensuring that 332 million more Africans, 60% of them women, gain access to the formal economy. Current ADFI partners are the French Development Agency (AFD); the French Treasury’s Ministry for the Economy and Finance; The Government of Luxembourg’s Ministry of Finance; the Bill and Melinda Gates Foundation; and the African Development Bank,

Y’ello Digital Financial Services is a fintech subsidiary of MTN Nigeria, Africa’s largest provider of communications services, and the operator of MoMo Agent service. YDFS is a financial service provider in agency banking and super-agent operation under the CBN Super-Agent framework and agent banking guidelines to provide amongst other services, agent network to serve financial institutions and Mobile Money operators in Nigeria.

MTN sign $500,000 grant agreement to study women’s access to financial services

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Chieftaincy dispute causes chaos in Muye village in Niger

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Chieftaincy dispute causes chaos in Muye village in Niger

By: Zagazola Makama

A renewed chieftaincy tussle in Muye village, Lapai Local Government Area of Niger State, has sparked violent confrontations between rival supporters, prompting swift intervention by security operatives.

Zagazola Makama gathered that the crisis began around 6:20 p.m. on Thursday when the deposed village head, Alhaji Mohammed Abdulkadir Maigari II, forcefully returned to Muye and broke into the palace.

The incident provoked tension among residents, especially after supporters of the current Dakachi confronted the deposed monarch. The situation was immediately brought under control by a team of security personnel from Lapai.

However, Zagazola learnt that the situation escalated on Friday morning when supporters of both camps clashed again, leading to a free-for-all fight that disrupted public peace in the community.

Security sources were swiftly deployed to Muye to restore normalcy.

“The combined security teams have brought the situation under control. Monitoring and surveillance operations are ongoing to prevent further breakdown of law and order,” the source said.

No casualties or arrests have been officially confirmed as of the time of filing this report.

Chieftaincy dispute causes chaos in Muye village in Niger

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Eid-el-Kabir: IPCR Calls on Nigerians to Peace, Harmony

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Eid-el-Kabir: IPCR Calls on Nigerians to Peace, Harmony

By: Michael Mike

Institute for Peace and Conflict Resolution (IPCR) has called on Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress.

The advice was given by the Director General of the Institute for Peace and Conflict Resolution (IPCR), Dr. Joseph Ochogwu, in his message on Eid-el-Kabir.

The Institute, while extending warm greetings to Nigerians, wished them a joyous and peaceful celebration, marked by love, compassion, and unity.

The Institute while noting that Sallah is a significant occasion in the Islamic calendar, symbolizing the values of sacrifice, gratitude, and community, emphasized that the spirit of Sallah should guide Nigerians in their interactions with one another, fostering a culture of peace, tolerance, and understanding.

The IPCR urged Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress, while
encouraging individuals to embrace the values of Sallah, including forgiveness, empathy, and kindness, in their daily lives.

According to IPCR, peace is critical to promoting national stability and cohesion.

The Institute also urged Nigerians to use this period of Sallah celebration to address conflicts and promote dialogue, which could help to build trust and understanding among Nigerians and also contribute to a more peaceful society.

It recognized that the country’s many ethnic and religious groups can work together to build a more harmonious society, celebrating their differences and promoting a culture of tolerance.
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Community Leader Seeks Tinubu’s Urgent Intervention in Incessant Plateau Killing

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Community Leader Seeks Tinubu’s Urgent Intervention in Incessant Plateau Killing

By: Michael Mike

A community leader and the Waziri Mushere of Bokkos Local Government Area of Plateau State, Chief Yohana Margif has expressed dismay over the incessant killing of innocent citizens of the community.

Margif made this known in an interview with journalists on Thursday in Abuja.

He called on President Bola Tinubu to urgently intervene to halt what he described as genocide against the people, which he said was being perpetrated by suspected herdsmen.

Margif also called on Malam Nuhu Ribadu, the National Security Adviser, and other security chiefs in the country, to rein in the alleged culprits.

He said: “I would like to draw the attention of the topmost leadership in Nigeria to the deteriorating dire security situation in Plateau, particularly in Mushere Chiefdom of Bokkos LGA.

“I urge President Tinubu to take immediate decisive action to halt these endless and senseless killings, protect lives and properties, and secure the future of the Mushere people, and other victims of obvious genocide against the people.

“Herdsmen are killing our innocent people, burning their homes, looting their foodstuff, property, livestock, and taking over their ancestral lands,” he said.

According to the Abuja-based real estate mogul, the attacks and attendant killings have intensified recently since the onset of this year’s farming season.

Margif further said that the people had been displaced from their villages and ancestral homes and were forced to become internally displaced persons in the country.

He emphasised that the situation required immediate intervention by all stakeholders in order to prevent further escalation and inflict an irredeemable harm by wiping out the entire community from the surface of the earth.

He lamented that: “Since President Tinubu’s administration began, Plateau State has witnessed an unprecedented escalation of violence and loss of lives.

“This is the current sad reality. Our people are constantly under the threat of the enemy’s bullets and can’t sleep with two eyes closed due to the perpetual unleashing of violence against them by external forces.

“Something urgent must be done to stem the tide of violence and end this war against the people in order not to
harm this administration’s reputation,” Margif said.

In the past couple of days, suspected herdsmen militia killed no fewer than 35 people in the localities of Hokk, Pangkap, Fokoldep, Kopmur, Margif, Horop, Mbor, Mushere and Kwahas localities in Mushere Chiefdom.

Chairman, Bokkos Community Peace Observers, Kefas Mallai, who confirmed the killings to newsmen, said the victims included a 70-year-old Pastor of COCIN LCC Kwakas-Mushere, Mimang Lekyil, who was attacked and killed in the church.

He said that the pastor’s wife was also shot in the leg and was admitted at the Jos University Teaching Hospital for treatment, he said.

“Bokkos has never been this insecure, with the people being butchered as we are currently witnessing,” Lilian Madaki, from the Mushere community told journalists.

The Commissioner of Police in the state, Emmanuel Adesina, also confirmed the incident in a statement saying security forces including police and military personnel, had been deployed in the affected communities.

Community Leader Seeks Tinubu’s Urgent Intervention in Incessant Plateau Killing

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