National News
We Are Building Viable, Globally Competitive Economy, Says President Tinubu
We Are Building Viable, Globally Competitive Economy, Says President Tinubu
** Lauds First Bank’s legacy of innovation, adaptability at groundbreaking for new headquarters
By: Our Reporter
President Bola Ahmed Tinubu has said his administration is working assiduously to create a system that is sustainable and globally competitive for Nigerian banks and other financial institutions to thrive.
He noted that government policies under his administration are motivated by the reality that the nation no longer has the luxury of time to postpone its economic transformation.

President Tinubu, who spoke on Wednesday when he performed the groundbreaking ceremony for a new state-of-the-art headquarters of First Bank of Nigeria at Eko Atlantic City in Lagos State, observed that banks can only prosper under a thriving economy.
Represented at the event by his deputy, Vice President Kashim Shettima, the President however pointed out that what his “administration does and sets out to accomplish rests on the cooperation and capacity of” the financial institutions.
“Banks are the engines of economic growth, and we owe it to them to champion a system that guarantees sustainability and global competitiveness. Our expectation is for our banks to excel, to expand beyond our shores, and to earn their place among the world’s most viable and profitable enterprises,” he stated.

President Tinubu maintained that his administration is working to create an enabling environment for businesses to flourish despite assuming office at a time that required difficult but necessary decisions to stabilise the nation’s economy.
He said, “We assumed office at a time that demanded bold, progressive thinking—a time that called for difficult but necessary decisions to stabilise our fiscal and monetary landscape. Our policies are inspired by the reality that we can no longer afford to postpone our economic transformation.
“This administration is committed to creating an enabling environment for businesses to flourish, and I assure you that you have a partner in this government. We are here to climb the hills of progress with you.”

The President commended First Bank for standing the test of time, saying the secret of the bank’s steadfastness, legacy of innovation and adaptability lies in the art of reinvention.
“From the Bank of British West Africa to Standard Bank of West Africa and, finally, to this 130-year-old success story, First Bank has remained a towering institution, outliving disruptions and redefining banking through the decades.
“In an industry where the fate of many banks is sealed in the dusty pages of history, surviving—let alone thriving—demands more than just calculated risks; it takes ambition, and the brilliance of refined minds. I join you here today to celebrate a legacy of innovation and adaptability that has kept First Bank ahead of the curve,” he added.
President Tinubu congratulated the board and management of First Bank for investing in a new head office, noting that it is a reassurance to the bank’s “customers, shareholders, and the government that Nigeria’s oldest financial institution is not resting on its laurels.”
He continued: “I understand all too well that history demands the best of us. The ability to manage risk is what distinguishes great banks from transient institutions.
“This groundbreaking ceremony is not just about laying the foundation for a new edifice; it testifies to First Bank’s commitment to reinvention—to adapting to the realities of our time while staying true to its heritage.
“The decision to establish this state-of-the-art headquarters in Eko Atlantic City is symbolic of a vision that extends beyond the present, positioning First Bank as a financial powerhouse in Nigeria and beyond.”
In his remarks, Lagos State Governor, Babajide Sanwo-Olu, thanked Vice President Shettima for the work he is doing for the country in support of the President.
The Governor poured encomiums on President Bola Tinubu, recalling that he was in his cabinet when the idea to create Eko Atlantic City was birthed, many of the cabinet members expressing doubt about the possibility to create a dry ground out of the bar beach.
“We want to set Lagos on a trajectory of becoming the centrepiece of finance and commerce not only in Nigeria but Africa and beyond. It will be Africa’s mega city that is safe and secure to take the mantle of leadership in the financial sector.”
Sanwo-Olu thanked the Chairman of First Bank of Nigeria (FBN) Holdings, Femi Otedola, noting that while he is economical with his words, each statement he makes carries significant weight.
Also speaking, Ogun State Governor, Prince Dapo Abiodun, said it was an honour to witness what could be aptly described as an iconic building and a significant milestone for the First Bank.
He noted that the building further redefines First Bank and its resilience in the banking industry, saying “this is bold, audacious, what tenacity is all about and First Bank has always blazed the trail.”
According to him, First Bank has since 1894 evolved into a bank with well over seven hundred branches in Nigeria and worldwide.
On his part, Chairman of First Bank Holdings, Chief Otedola, expressed gratitude and excitement over the groundbreaking ceremony, just as he eulogized President Tinubu “for his unalloyed support for this great project.”
Otedola also praised Vice President Shettima for being at the forefront of encouraging development in the country, even as he thanked the Lagos State Governor for his unwavering support and creating a conducive atmosphere for doing business in the state.
He also expressed gratitude to customers of First Bank, the regulators, especially the Governor of Central Bank of Nigeria for stabilising the activities of the services industry in the country, among others.
Welcoming the dignitaries and other guests to the ground breaking event, Managing Director and CEO of First Bank Plc, Mr. Olusegun Alebiosu, said since its establishment in 1894, First Bank had been at the forefront of Nigerian banking evolution, stressing that the journey of the bank has been defined by accountability, transparency and unwavering commitment to customers.
“It is a legacy that stood the test of time – over 13 decades, engulfing the financial landscape of our great nation and continuously shaping the business of banking in Nigeria and beyond,” he stated.
In his goodwill message, the chairman of Dangote Group, Alhaji Aliko Dangote, commended the Chairman of First Bank Group and his Board members “for building the massive structure,” describing it as always being first while others follow.
He said he is being challenged to join First Bank in Eko Atlantic City, noting, however, that after delivering the refinery, he needed to rest but will join Eko Atlantic City in the near future.
We Are Building Viable, Globally Competitive Economy, Says President Tinubu
National News
PEBEC Targets Seamless Digital Government as 98% of MDAs Meet Business Reform Standards
PEBEC Targets Seamless Digital Government as 98% of MDAs Meet Business Reform Standards
By: Michael Mike
The Director-General of the Presidential Enabling Business Environment Council, Zahrah Mustapha Audu, has unveiled plans to integrate digital platforms across federal Ministries, Departments and Agencies (MDAs) to eliminate duplication, reduce regulatory bottlenecks and create a seamless experience for businesses, following significant gains in public sector service delivery reforms.
Audu disclosed that 98 per cent of the 69 MDAs monitored by the council now meet prescribed responsiveness standards after a targeted reform programme designed to improve compliance with the Business Facilitation Act.
Speaking during an interaction with journalists in Abuja, she said PEBEC’s next phase of reforms would focus on ensuring government agencies no longer operate in isolation but are digitally connected to enable secure information sharing and faster service delivery.
According to her, while many agencies have digitised their operations, businesses still face unnecessary delays because they are repeatedly required to submit the same information to different regulators.
She cited the National Identification Number (NIN) as an example, noting that agencies should no longer demand documents containing information already available on government databases.
“Our objective is to create an environment where businesses provide information once, and relevant government agencies can securely access it instead of making investors repeat the same process multiple times,” she said.
Audu explained that the reforms are part of PEBEC’s broader mandate to eliminate bureaucratic obstacles, simplify regulatory processes and position Nigeria as a preferred investment destination.
Rather than adopting a confrontational approach, she said the council works collaboratively with government institutions to resolve operational challenges.
“PEBEC is not a name-and-shame organisation. We identify gaps and provide technical support to help agencies improve their services,” she said.
She revealed that the council recently concluded a 90-day Business Environment Enhancement Accelerator Programme, during which reform champions embedded across 69 MDAs worked with PEBEC to strengthen compliance with the Business Facilitation Act.
The initiative, she said, resulted in 98 per cent of the agencies meeting service delivery timelines and responding promptly to enquiries from businesses and members of the public.
Audu noted that the council is now shifting attention from basic compliance to competitiveness, with the goal of making Nigeria a more business-friendly destination than neighbouring economies such as Ghana, Benin Republic and Kenya before benchmarking against leading global performers.
As part of efforts to simplify business regulation, she said PEBEC reviewed licensing procedures and documentation requirements across several agencies to eliminate obsolete and repetitive processes that increase the cost and time of doing business.
She also identified top-performing agencies during the council’s assessment, commending the Nigeria Customs Service for fully complying with reform requirements while reducing cargo clearance timelines and simplifying import and export procedures.
Other agencies recognised for exceeding compliance expectations include the Nigerian Ports Authority, the National Information Technology Development Agency and the National Pension Commission, all of which introduced additional customer-focused reforms beyond the minimum standards.
Audu stressed that the assessment was not intended to rank agencies but to institutionalise reforms capable of improving the experience of businesses dealing with government institutions.
She warned that inefficiency in a single government office can undermine investor confidence in the entire country.
“If someone has a bad experience with one government agency, they do not separate that agency from the government. They simply conclude that Nigeria is not working,” she said.
To sustain the reforms, Audu disclosed that PEBEC will continue its quarterly mystery-shopping exercise, under which officials anonymously access government services to independently assess service quality from the perspective of ordinary users.
She added that the council also operates live performance trackers that allow agencies and the public to monitor compliance levels and identify areas requiring improvement.
According to her, the 2026 Business Facilitation Act Compliance Report is expected to be released in November after the completion of the annual assessment.
She said PEBEC’s long-term goal is to entrench a public service culture built on transparency, efficiency and accountability while creating a fully integrated digital government that makes regulatory compliance faster, easier and more predictable for businesses and investors.
PEBEC Targets Seamless Digital Government as 98% of MDAs Meet Business Reform Standards
National News
ECOWAS Hands Nigeria Assistive Devices, Unveils Regional Push for Disability Inclusion
ECOWAS Hands Nigeria Assistive Devices, Unveils Regional Push for Disability Inclusion
By: Michael Mike
The Economic Community of West African States (ECOWAS) has intensified efforts to advance disability inclusion across the region with the formal handover of assistive devices to children with disabilities in Nigeria, unveiling a broader strategy aimed at expanding access to assistive technology, promoting local production and strengthening national systems for disability support.
The intervention, implemented under the ECOWAS Regional Programme for the Provision of Assistive Devices to Children with Disabilities in West Africa, marks Nigeria’s participation in the first phase of the initiative alongside Togo after nearly two years of planning and implementation.
Speaking at the handover ceremony in Abuja, the Executive Secretary of the National Commission for Persons with Disabilities (NCPWD), Chief Ayuba Gufwan, described the occasion as one of the happiest moments of his life, saying it represented far more than the distribution of equipment.
According to him, assistive devices restore dignity, independence and opportunity to persons with disabilities by enabling them to participate fully in education, employment and community life.
“There is ability in disability,” he said. “No matter the severity of a person’s disability, with the right environment and appropriate assistive devices, everyone can contribute meaningfully to humanity.”
Gufwan noted that while an estimated nine out of every 10 persons with disabilities require one form of assistive technology or another, the overwhelming majority still lack access, leaving millions excluded from education, healthcare, employment and independent living.
He said Nigeria alone has more than 26 million persons with disabilities requiring assistive technology, with demand for quality, affordable and appropriate devices far exceeding available supply.
“Behind these statistics are children who cannot attend school because they lack mobility devices, adults excluded from employment because they do not have access to appropriate technology, and families struggling to access rehabilitation services,” he said.
The Executive Secretary announced that the Commission has established a dedicated Assistive Devices and Technology Unit to coordinate national efforts, improve service delivery and deepen collaboration with development partners.
He also disclosed that the Commission, working with the Federal Ministry of Health and Social Welfare and international partners, has developed key policy instruments including the Nigerian Priority Assistive Products List, an investment case for assistive technology and a National Assistive Technology Scale-up Plan designed to expand access across the country.
Gufwan stressed that an assistive device achieves its purpose only when it matches the functional needs of the individual, adding that the new framework would ensure coordinated assessment, procurement and delivery of appropriate devices.
While commending ECOWAS for selecting Nigeria as one of the first beneficiaries of the regional programme, he urged governments, development partners, healthcare professionals, civil society organisations and the private sector to deepen collaboration towards sustainable access to assistive technology.
He also advocated the establishment of local manufacturing and assembly plants for assistive devices, arguing that domestic production would reduce dependence on imports, lower costs, improve availability, stimulate innovation and create jobs.
Representing the Minister of Humanitarian Affairs and Poverty Reduction, Dr. Barnard Doro, the Senior Technical Adviser to the Minister on Humanitarian Affairs reaffirmed the Federal Government’s commitment to protecting the rights and welfare of persons with disabilities.
The representative described the donation as more than a humanitarian intervention, saying it aligns with the ministry’s integrated approach that combines humanitarian response with poverty reduction and social protection.
He said persons with disabilities often face barriers not because of their conditions but because society fails to provide the support and opportunities they require.
“This ceremony is more than a formal exchange of items. These assistive devices represent dignity restored, independence regained and doors reopened,” he said.
He commended ECOWAS for demonstrating regional solidarity through the initiative and urged the National Commission for Persons with Disabilities to ensure transparent and equitable distribution of the devices to those most in need.
Development partners were also encouraged to increase investments in disability inclusion while expanding support for assistive technology programmes across Nigeria.
Earlier, ECOWAS Commissioner for Human Development and Social Affairs, Professor Fatou Sow Sarr, represented by officials of the Commission, said the programme was initiated following a regional disability inclusion study conducted in 2024 which revealed severe shortages in access to assistive technology across West Africa.
The findings, she said, showed that children with disabilities remain among the most vulnerable populations in the region, prompting ECOWAS to prioritise interventions targeted at improving mobility, communication, learning and participation.
According to the Commission, about 240 million children worldwide live with disabilities, while approximately 15 per cent of children aged between zero and 17 years in West and Central Africa have one form of disability.
Officials explained that despite the global need for assistive technology, access remains extremely limited, particularly in low-income countries where affordability, inadequate services and weak policy implementation continue to exclude millions.
ECOWAS said its regional programme aligns with Vision 2050, which seeks to build “a fully integrated community of peoples living in a peaceful and prosperous region, supported by strong institutions, respect for fundamental rights and inclusive, sustainable development.”
The Commission also said the initiative is anchored on the United Nations Convention on the Rights of Persons with Disabilities, which recognises accessibility as a fundamental human right.
Providing an overview of the programme, ECOWAS officials said Nigeria and Togo were selected as the first beneficiaries after extensive consultations with governments and organisations of persons with disabilities.
The programme has since expanded to additional member states, although implementation remains at different stages because of procurement and logistics processes.
ECOWAS disclosed that future priorities include strengthening disability data collection to support evidence-based policymaking, promoting local production of assistive technology through strategic partnerships, and expanding the regional programme to more member states.
Officials said disability inclusion has become a central pillar of ECOWAS’ development agenda, reflecting a shift from a traditional focus on trade and free movement towards a more people-centred model of regional integration.
The Commission emphasised that improving access to assistive technology contributes directly to the Sustainable Development Goals by reducing inequalities and ensuring that no child is left behind.
Beneficiaries and their families were encouraged to use the devices responsibly while healthcare professionals, teachers and caregivers were urged to provide continuous support, maintenance and follow-up to maximise their impact.
For both ECOWAS and Nigeria, the ceremony signalled more than the distribution of mobility aids and other equipment. It reflected a growing regional commitment to ensuring that disability is no longer a barrier to education, employment, participation or opportunity, while laying the foundation for a more inclusive West Africa where assistive technology is available, affordable and accessible to everyone who needs it.
ECOWAS Hands Nigeria Assistive Devices, Unveils Regional Push for Disability Inclusion
National News
ECOWAS Commissions Landmark Abuja Headquarters, Nigeria and China Renew Commitment to Regional Integration
ECOWAS Commissions Landmark Abuja Headquarters, Nigeria and China Renew Commitment to Regional Integration
By: Michael Mike
The Economic Community of West African States (ECOWAS) on Thursday inaugurated its new permanent headquarters in Abuja, with leaders describing the imposing complex as a powerful symbol of regional unity, institutional renewal and the deepening strategic partnership between West Africa and China.
The commissioning ceremony brought together senior government officials, diplomats and regional leaders, with Nigeria’s Vice President, Kashim Shettima, representing President Bola Ahmed Tinubu, while the President of the ECOWAS Commission, Dr. Omar Alieu Touray, and China’s Ambassador to Nigeria and ECOWAS, Yu Dunhai, outlined a shared vision for stronger regional integration, economic transformation and closer Africa-China cooperation.
The modern headquarters, financed by the People’s Republic of China, was described by speakers as more than an office complex. It was presented as a lasting symbol of cooperation, resilience and a renewed determination to build a peaceful, prosperous and integrated West Africa.
Touray described the inauguration as “a truly historic milestone” in the life of ECOWAS, noting that the headquarters represents the fulfilment of a vision conceived during the groundbreaking ceremony in December 2022.
He thanked Xi Jinping for China’s support, saying Beijing had once again demonstrated its commitment to West Africa by providing the regional body with a world-class headquarters.
According to him, China’s contributions to ECOWAS have gone beyond infrastructure, recalling the country’s earlier support for regional peacekeeping through the provision of strategic military equipment and vehicles for ECOWAS security operations, alongside numerous development interventions across member states.
Touray said the completion of the headquarters within about two years reflected the strength of the partnership between China and ECOWAS.
He also praised Nigeria for its unwavering support as host nation, citing the country’s role in providing land, policy support and institutional backing that made the project possible.
For decades, the ECOWAS Commission operated from offices spread across different locations in Abuja, creating operational and logistical challenges.
Touray said the new integrated complex would significantly improve coordination, efficiency and productivity by bringing Commission staff together under one roof.
He disclosed that the facility consists of a central nine-storey tower flanked by two seven-storey wings and is equipped with modern conference rooms featuring interpretation facilities, archives, kitchenettes, banking halls, restaurants, a clinic, gymnasium, shops and even a daycare centre for nursing mothers.
Despite celebrating the physical accomplishment, the ECOWAS Commission President stressed that infrastructure alone could not guarantee progress.
“Buildings do not deliver transformation; people and institutions do,” he said, urging member states to ensure that the headquarters becomes a centre of excellence that drives innovation, strengthens collaboration and delivers tangible benefits to citizens across the sub-region.
Representing President Xi Jinping, Ambassador Yu described the building as the “Eye of West Africa” and a flagship achievement under the Forum on China-Africa Cooperation.
He said the headquarters reflects China’s enduring support for African integration and demonstrates the strength of China-Africa relations.
The ambassador noted that China continues to pursue cooperation with Africa based on sincerity, mutual respect, friendship and shared development.
He recalled that during the Beijing Summit of FOCAC, China and African leaders adopted an ambitious framework for building an all-weather China-Africa community with a shared future through six major pillars and ten partnership actions.
According to Yu, China will continue to support ECOWAS in promoting regional peace, economic development and improved living standards.
He pledged that Beijing would deepen cooperation in infrastructure development, digital economy, agriculture, food security, trade and investment, while fully implementing China’s zero-tariff policy for eligible African exports to strengthen Africa’s productive capacity.
The ambassador also called for stronger cultural, educational, youth and sporting exchanges, noting that this year marks the 70th anniversary of diplomatic relations between China and Africa and has been designated the Year of China-Africa People-to-People and Cultural Exchanges.
“China remains forever a trustworthy, sincere friend and a reliable partner to ECOWAS and all West African nations,” Yu declared.
Delivering President Bola Tinubu’s message, Vice President Shettima described the commissioning as both the inauguration of a landmark building and the renewal of ECOWAS’ founding covenant of solidarity, integration and shared prosperity.
He said nations and regional communities endure because their people refuse to abandon the ties that bind them together, insisting that the new headquarters stands as a reminder of the vision of ECOWAS’ founding fathers more than five decades ago.
The Vice President commended the ECOWAS Commission for delivering the ambitious project and expressed appreciation to China for financing the complex, describing Beijing as a dependable development partner whose own economic transformation offers valuable lessons for Africa.
While acknowledging ECOWAS’ achievements in peacebuilding, democratic governance, economic cooperation and the free movement of people and goods, Shettima warned that the region still faces daunting challenges, including terrorism, violent extremism, food insecurity, climate change, economic vulnerability, public health threats and rising unemployment among young people.
He argued that regional integration must now move beyond facilitating trade to building productive economies capable of creating jobs and sustaining growth.
“The hour has come to transform our regional market into a regional production base,” he said.
“We must deepen industrialisation, strengthen regional value chains, expand intra-regional trade and unlock innovation, manufacturing and investment opportunities for our young people.”
According to him, West Africa cannot continue to depend on imported goods if it hopes to achieve genuine economic independence.
“Our integration must increasingly be driven by what we produce rather than by what we consume because a community that consumes what it does not make will forever remain at the mercy of the goodwill of others,” he said.
Shettima also urged member states to strengthen political cooperation and collective security while keeping the door open to countries that have withdrawn from ECOWAS, stressing that regional integration has become indispensable to peace, stability and sustainable development.
He expressed confidence that the headquarters would become a centre for visionary leadership, innovation and collective decision-making capable of advancing the welfare of West Africans.
Together, the three speeches reflected a common theme: that while the new headquarters is an important physical achievement, its true significance will depend on the decisions taken within its walls.
For ECOWAS, the building represents not only a new administrative home but also a renewed commitment to regional integration at a time when West Africa is confronting complex political, economic and security challenges.
For China, it reinforces an expanding strategic partnership with West Africa built around infrastructure, trade and development cooperation.
And for Nigeria, as host nation, the commissioning underscores its continued central role in the affairs of ECOWAS and its determination to support the bloc’s pursuit of peace, stability and economic prosperity across the region.
ECOWAS Commissions Landmark Abuja Headquarters, Nigeria and China Renew Commitment to Regional Integration
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