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

NCC, NSCDC Warn Construction Firms Against Fibre Optic Cable Damage

By: Michael Mike

The Nigerian Communications Commission (NCC) and the Nigeria Security and Civil Defence Corps (NSCDC) have issued a strong warning to construction companies, contractors, and other stakeholders over the rising incidents of fibre-optic cable damage during road construction and civil engineering activities across the country.

In a joint statement issued at the weekend, the two agencies described fibre-optic infrastructure as a critical national asset and cautioned that negligence leading to its damage will no longer be tolerated. They stressed that offenders risk prosecution, as such acts now constitute criminal offences under existing laws.

According to the NCC and NSCDC, fibre-optic cables are central to Nigeria’s digital economy, supporting communication networks, emergency services, business operations, and government functions. They warned that frequent and avoidable fibre cuts pose serious threats to national security, economic stability, and public safety.

The agencies noted that under the Designation and Protection of Critical National Information Infrastructure (CNII) Order 2024, telecommunication fibre infrastructure has been classified as Critical National Information Infrastructure. As a result, any damage arising from unauthorized excavation, construction activities, or failure to coordinate with relevant authorities is deemed a criminal act.

They further stated that individuals, construction firms, or government contractors found culpable will face prosecution and applicable sanctions as provided under laws such as the Cybercrimes (Prohibition, Prevention, etc.) Act 2015.

The NCC and NSCDC warned that future incidents linked to road construction, excavation, or civil works carried out without proper consultation with network operators and regulators would attract strict legal consequences.

The agencies urged federal, state, and local government authorities, road construction companies, utility providers, and private developers to comply fully with established guidelines. These include conducting pre-construction verification of fibre routes, collaborating with the NCC, telecom operators, and NSCDC before and during construction, and adhering to approved excavation and right-of-way procedures.

They also called for the immediate reporting of any accidental fibre damage to enable swift response and minimize service disruptions.

Members of the public were encouraged to report acts of fibre-optic infrastructure sabotage or damage to the nearest NSCDC office or through designated communication channels.

NCC, NSCDC Warn Construction Firms Against Fibre Optic Cable Damage

ECOWAS Reports Resilient Growth and Major Regional Achievements in 2025

By: Michael Mike

The President of Economic Community of West African States (ECOWAS), Dr. Omar Touray on Thursday said the Commiswion has recorded notable economic, social, and institutional progress in 2025, despite global uncertainties and regional security challenges.

Speaking at a meeting with development partners, Touray said the regional economy grew by 4.6 percent in 2025, up from 4.3 percent in 2024, with projections of 5.0 percent growth in 2026.

He noted that this performance reflects the implementation of structural reforms, increased fiscal discipline, and measures to strengthen key sectors such as extractive industries and trade.

Touray said the regional inflation also eased from 24.4 percent in 2024 to 16.8 percent in 2025, supported by coordinated monetary and fiscal policies.

He highlighted improvements in budget management, with the regional deficit declining to 3.1 percent of GDP in 2025, adding that the debt-to-GDP ratio fell slightly to 45.7 percent.

He noted that current account balances remained positive, led by export surpluses from Nigeria, Ghana, and Guinea.

On the political and security front, Touray said ECOWAS strengthened peacekeeping and preventive diplomacy efforts across the region. He revealed that missions in The Gambia and Guinea-Bissau assessed operational and financial implications, with recommendations for improved training, monitoring, and exit strategies.

He stated that counter-terrorism initiatives intensified following a rise in fatalities from attacks, with regional intelligence sharing and specialized training programmes expanded, adding that arms control efforts also advanced with the donation of weapons-marking machines to four member states.

On trade and economic integration, Touray said ECOWAS continued to consolidate economic integration, advancing the free trade area, customs union, and common market initiatives.

He said efforts to facilitate cross-border trade included support for women and youth entrepreneurs, the rollout of the ECOWAS National Biometric Identity Card in six countries, and the launch of digital platforms to track trade compliance. The region also participated in major trade fairs and forums, including the Intra-African Trade Fair in Algeria and the first ECOWAS Trade and Investment Forum in Lagos.

Touray noted that significant progress was made in energy, transport, and digital infrastructure, adding that clean energy programmes certified solar technicians, while broadband connectivity projects prepared the deployment of a second submarine cable.

He said ECOWAS also advanced regional road standards, aviation safety capacity, and interconnection hubs for internet access.

He said the Commission strengthened agricultural governance, climate-smart practices, and food security programs, reaching millions of beneficiaries with improved farming technologies, school feeding programmes and livestock development projects. Partnerships on climate resilience, carbon markets, and sustainable resource management were expanded.

He added that through the West Africa Health Organization (WAHO), ECOWAS enhanced epidemic preparedness and laboratory capacities, stating that humanitarian support focused on vulnerable populations, including women cured of fistula and youth employability initiatives, including programmes on gender equality, women’s empowerment, and anti-trafficking capacity building were implemented in multiple member states.

Touray said ECOWAS strengthened internal governance, financial management, and staff capacity development, including training in strategic leadership and risk management.

He revealed that the ECOWAS Court of Justice held 79 sessions and increased public outreach to improve citizen access to justice. International partnerships and diplomatic engagements with the UN, EU, World Bank, IMF, and AfDB yielded support for regional development projects across transport, agriculture, energy, and digital transformation.

He said he these achievements position ECOWAS to advance regional integration, economic growth, and stability, despite ongoing challenges such as geopolitical tensions, security threats, and the withdrawal of Burkina Faso, Mali, and Niger from the Community.

ECOWAS Reports Resilient Growth and Major Regional Achievements in 2025