Category: News Update

  • Nigeria, Africa set sights on borderless digital economy ahead of RACE 2026

    Nigeria, Africa set sights on borderless digital economy ahead of RACE 2026

    …Conference to drive regulatory alignment, digital trust, cross-border innovation 

    … Event to support AfCFTA goals, financial inclusion, secure continent-wide digital trade

    Nigeria is set to host a major continental policy and technology engagement in 2026 as organisers of the RegTech Africa Conference and Expo (RACE 2026) unveiled details of the event at a media parley held at the State House, Abuja, on Thursday.

    The conference, which will be held under the patronage of the Office of the Vice President, between 20th and 22nd of May, 2026, is being organised in partnership with the Presidential Committee on Economic and Financial Inclusion and in collaboration with the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA).

    Addressing journalists at a media parley in Abuja on Thursday, the Chairman of the Organising Committee, Mr. Cyril Okoroigwe, described RACE 2026 as Africa’s leading platform for dialogue at the intersection of regulation, technology and economic development, designed to address the regulatory and infrastructure gaps limiting cross-border trade, finance and digital innovation across the continent.

    He said the conference is anchored on the vision of “Africonomy”, which envisages Africa operating as a connected, trusted and innovation-driven economic space, aligned with the aspirations of the African Continental Free Trade Area (AfCFTA). 

    AfCFTA is projected to integrate a $3.4 trillion market of about 1.4 billion people across 54 countries.

    According to Okoroigwe, despite the promise of AfCFTA, fragmented regulations, weak interoperability and regulatory uncertainty continue to constrain cross-border trade, payments and digital services, resulting in significant opportunity costs for African economies.

    He explained that RACE 2026, themed “Building Trust, Infrastructure, Inclusion, and Policy for a Borderless Economy,” will focus on promoting regulatory innovation and policy alignment, encouraging the deployment of trusted digital infrastructure such as interoperable payment systems and digital identity frameworks, and advancing financial and digital inclusion for small businesses, startups, women, youth and underserved communities.

    The conference, he added, will also strengthen collaboration among regulators, governments, financial institutions, technology innovators and development partners, while showcasing African investment opportunities in compliance, fintech, cybersecurity and digital services.

    Organisers said Nigeria’s hosting of the conference further underscores the country’s growing role as a continental hub for policy dialogue, financial innovation and digital economic leadership, while supporting Africa’s broader journey toward integrated digital markets, improved investment confidence and inclusive economic growth.

    Read Also: APC, Accord, ADC, and permutations ahead of Osun 2026 race

    Also speaking at the media parley, through virtual means, the Acting Principal Officer, Legal and Law Enforcement at the GIABA Secretariat, Ms. Gina Wood, said the conference and its associated policy dialogue come at a critical moment for West Africa as countries prepare for the third round of Anti-Money Laundering and Counter-Financing of Terrorism evaluations.

    She noted that findings from GIABA’s second round of mutual evaluations highlighted the need for countries to move beyond technical compliance to effectiveness, stressing stronger coordination, improved risk understanding, modern supervisory approaches and the use of technology to safeguard the integrity of financial systems.

    Wood commended the Federal Government of Nigeria for supporting the RegTech Africa initiative, saying sustainable reforms require strong political commitment and deeper collaboration between the public and private sectors, including regulators, financial institutions, fintech innovators and telecommunications operators.

    She reaffirmed GIABA’s commitment to supporting member states through capacity building, technical assistance, policy guidance and regional cooperation, describing RACE 2026 as a timely platform to advance a trusted, inclusive and future-ready regulatory and compliance framework across West Africa and the continent.

    Organisers said the media parley marked the official curtain-raiser for the 2026 conference, calling on the media to play a critical role in shaping public understanding of how regulation, innovation and technology can work together to unlock Africa’s ambition for a secure, inclusive and borderless digital economy.

  • Alleged N80.2b fraud: Court okays Yahaya Bello’s trip to Mecca for lesser hajj

    Alleged N80.2b fraud: Court okays Yahaya Bello’s trip to Mecca for lesser hajj

    A former Governor of Kogi State, Yahaya Bello, has got the nod of a Federal High Court in Abuja to travel to Mecca, Saudi Arabia, for lesser hajj to observe the last 10 days of Ramadan.

    Justice Emeka Nwite granted the permission in a ruling on Thursday on an application moved by Bello’s lawyer, Joseph Daudu (SAN), at the resumed hearing in his ongoing money laundering trial.

    The application was not opposed by prosecuting lawyer, Kemi Pinheiro (SAN).

    Justice Nwite also ordered the temporary release of Bello’s international passports to enable him to engage in the trip expected to last between February 18 and March 19.

    Read Also: Yahaya Bello: Kogi paid tax consultant N1.1b in eight months — EFCC

    Bello, who was allowed by the judge to clarify why the trip was necessary, said: “As said by my defence counsel, I have not travelled outside this country in the last eight years.

    “I would have loved to spend the whole of Ramadan in Mecca and to observe Shittu Shawal immediately after Ramadan, but I do not want to take anyone for granted.”

    He said in view of how things are, he has elected to spend the last 10 days of Ramadan in Mecca.

    Earlier, the seventh prosecution witness (PW7), Olomotane Egoro, who was subpoenaed from Access Bank, gave evidence about cash inflows from Local Government Areas in Kogi State into the accounts of Fazab Business Enterprise and E-Traders International Ltd.

    Egoro also testified about the many cash withdrawals carried out in the accounts of both companies.

    Further hearing in the case resumes on Friday.

    The EFCC is prosecuting the former governor over alleged money laundering to the tune of N80.2 billion, an allegation Bello denied by pleading not guilty when he was arraigned.

  • Senate orders fresh review of Electoral Act amendments, sets up 48-hour ad hoc panel

    Senate orders fresh review of Electoral Act amendments, sets up 48-hour ad hoc panel

    The Senate on Thursday constituted an ad hoc panel to work with its Committee on Judiciary and Legal Matters to re-examine contentious provisions in the report on amendments to the Electoral Act 2022.

    The Judiciary and Legal Matters Committee is chaired by Senator Adeniyi Adegbonmire, while the original report under review was prepared by the Senate Committee on Electoral Matters led by Senator Simon Lalong.

    Senate President Godswill Akpabio announced the decision after lawmakers emerged from a three-hour closed-door session where they undertook an extensive review of the Lalong committee’s report.

    The report had initially been scheduled for debate on Wednesday, but deliberation was stepped down due to the absence of the committee chairman, Lalong, a former governor of Plateau State.

    At the close of plenary on Wednesday, Akpabio informed senators that copies of the report would be circulated to enable them study it ahead of deliberations the following day.

    However, proceedings took a different turn at the start of plenary on Thursday when the Senate President called for an executive session to allow members discuss the document privately.

    Read Also: U.S. airstrikes: Senate to hold security briefing

    Briefing senators after the closed session, Akpabio said the report would undergo further scrutiny to harmonise differing views and address grey areas identified during the deliberations.

    He disclosed that the newly constituted ad hoc panel would sit for 48 hours and present its recommendations on the third legislative day for consideration at plenary.

    Members of the panel, drawn from ranking senators, include Adamu Aliero, Aminu Tambuwal, Adams Oshiomhole, Danjuma Goje, Tony Nwoye, and Titus Zam. The Clerk to the Senate, Emmanuel Odo, would serve as secretary to the panel.

    Following the announcement, the Senate adjourned plenary till Tuesday next week to await the panel’s report.

  • Military tightens noose on Boko Haram commanders, loses troops in drone attacks

    Military tightens noose on Boko Haram commanders, loses troops in drone attacks

    Troops of Operation Hadin Kai, an offensive against Boko Haram and its splinter groups in the north-east, are closing in on more terrorist leaders and commanders, a highly placed military source told The Nation.

    The military had in recent months killed several terrorist commanders in the North East, including Abu Nazir and Abu Fatima, during operations in Borno and Yobe.

    The source said the military’s intelligence deployment is stifling the terrorists, who now know that their hideouts have been exposed. He added that this has forced the terrorists’ leadership to remain in constant movement.

    “Nigeria is winning the war against terrorists”, says the source who didn’t want to be named due to the sensitivity of the information. “We know where their leaders are, be it ISWAP, Boko Haram, or JAS. We know where they are and how they move, and they can never escape our fire. Wherever they move to, we know, and we will take them down.”

    Meanwhile, troops killed more than 12 terrorists in a surprise night operation at Bula Dalo, forcing the remnants to flee in disarray and abandon four AK-47 rifles, one PKT anti-aircraft gun, one rocket-propelled gun, and one multiple grenade launcher, Lieutenant Colonel Sani Uba, Media Information Officer of Operation Hadi Kai, said in a statement on Thursday.

    Read Also: How US intelligence support helps Nigeria weaken Boko Haram – Theater Commander

    He added that six terrorists were also killed in Gamo, where their life-support structures were destroyed, and a large cache of PKT anti-aircraft ammunition was recovered.

    Uba said it was regrettable that some courageous troops and members of the Civilian Joint Task Force paid the supreme price during multiple armed drone attacks by ISWAP in Sabon Gari in the early hours of Thursday.

    He said, “Although the terrorists briefly breached part of the defensive position, gallant troops swiftly repelled the assault, held their ground, and restored full control with timely reinforcements from nearby locations.”

    “Regrettably, some courageous troops and members of the Civilian Joint Task Force paid the supreme price in the course of defending the location, while an excavator and lowbed also got damaged as a result of the armed drone attack.”

    Uba said exploitation of the area was ongoing as operations continue to deny terrorists freedom of action. 

  • Zulum swears in 27 LG chairmen, warns against waste, absenteeism

    Zulum swears in 27 LG chairmen, warns against waste, absenteeism

    Borno State Governor, Prof. Babagana Umara Zulum, on Thursday swore in and formally charged the 27 newly elected Local Government Council (LGC) chairmen, tasking them to prioritise workers’ welfare, security, transparency, and grassroots development.

    The swearing-in ceremony, held at the Government House Multipurpose Hall in Maiduguri, attracted a large crowd of party supporters and residents from across the state.

    Speaking through the acting governor and deputy governor, Hon. Umar Usman Kadafur, Zulum stressed that the timely payment of salaries and staff entitlements was non-negotiable, while insisting that local government workers must report promptly to duty to enhance productivity and restore discipline.

    The governor urged the chairmen to be prudent and strategic in managing public resources, describing them as the lifeline of their communities.

    “You must be guardians of every naira, aligning every project and programme with the pillars of our 10-Year Strategic Transformation Initiative,” he said.

    He cautioned against vanity projects, urging the chairmen to focus on interventions that directly improve lives, security, and human dignity.

    “You are accountable to God Almighty, the law, and the people. Your offices must be temples of transparency. Engage your communities and welcome scrutiny. The era of government as a closed entity is over,” Zulum declared.

    The governor further warned against absentee leadership, insisting that the chairmen must reside and work within their respective local government areas.

    “Your office is not a throne; it is a workstation in the midst of your people. Your presence is vital for security, oversight, and for the people to feel your impact,” he said.

    Zulum also charged them to work closely with security agencies and traditional institutions, pay close attention to security challenges, and combat illegal mining and deforestation to protect the environment.

    He directed the Ministry for Local Government and Emirate Affairs to intensify supervision of council activities to ensure effective service delivery.

    Read Also: I don’t know my successor, Zulum declares at APC meeting

    The governor commended the immediate past council chairmen for what he described as their dedication and selfless service, wishing them success in their future endeavours.

    “You have not just won an election; you have entered into a covenant with the people of Borno State. This ceremony is not a celebration of power but an induction into a furnace of responsibility,” he said.

    Zulum congratulated the chairmen on their peaceful election conducted by the Borno State Independent Electoral Commission (BOSIEC), which he described as free and fair, noting that their success was critical to the implementation of the state’s 25-Year Development Plan and the 10-Year Strategic Transformation Initiative.

    Earlier, the Commissioner for Local Government and Emirate Affairs, Hon. Sugun Mai Meleh, urged the chairmen to remain focused on grassroots development through the execution of capital projects, people-oriented programmes, and humanitarian services in line with the state’s development blueprint.

    He commended BOSIEC for conducting a hitch-free election and thanked Governor Zulum for supporting credible local government polls. He also acknowledged the Borno State House of Assembly for extending the tenure of council chairmen from two to three years.

    Sugun Meleh warned against financial recklessness, stressing that his ministry would not hesitate to sanction any official found wanting in the discharge of duties. He urged the chairmen to govern with humility, inclusiveness, and a strong commitment to the protection of lives and property.

    In his remarks, the Secretary to the State Government (SSG), Hon. Bukar Tijani, advised the chairmen to involve their people in governance, uphold discipline, and remain accountable to the state government, the ministry, and the House of Assembly.

    The Nation reports that Governor Zulum has conducted three circles of local government elections since his assumption of office as governor in 2015.

  • PSC promotes AIG Adegboye to DIG, CP Aboki, Dansabo to AIGs

    PSC promotes AIG Adegboye to DIG, CP Aboki, Dansabo to AIGs

    …elevates 26, 119 inspectors to ASP II

    The Police Service Commission (PSC) has approved the promotion of one Deputy Inspector-General of Police (DIG), two Assistant Inspectors-General of Police (AIGs), and 26,119 Inspectors. The decision was taken at the Commission’s 3rd Plenary Meeting on Thursday.

    Under the chairmanship of DIG Hashimu Argungu, the PSC ratified the elevation of Assistant Inspector-General of Police Funsho Adegboye to the rank of DIG. Commissioners of Police Danjuma Aboki and Dansabo Idi were promoted to AIG.

    According to Torty Kalu, Head of Protocol and Public Affairs at the PSC, the promotions followed a rigorous, merit-based process, including written examinations and oral interviews conducted by the Commission.

    In a landmark decision emphasizing career progression, the PSC also approved the promotion of 26,119 Inspectors to the rank of Assistant Superintendent of Police II (ASP II), based on their outstanding performance in the recently concluded Departmental Selection Board Examination.

    Kalu said, “DIG Funsho Adegboye, mni: Until his elevation, he served as the Assistant Inspector-General of Police in charge of the Police Mobile Force (PMF), Force Headquarters, Abuja. With a distinguished career spanning decades, DIG Adegboye has served in critical departments including Operations, Training, and Administration. He has held command positions such as Divisional Police Officer, Area Commander in Ijero and Ile-Ife, Deputy Commissioner of Police Operations in Ondo State, and Commissioner of Police in Homicide (FCID), Force Intelligence Department (FID), and Edo State Command.

    “His international experience includes service with United Nations Missions in Kosovo, Liberia, Timor, and Somalia.

    “AIG Danjuma Aboki: The newly promoted officer was, until now, the Commissioner of Police, Imo State Police Command.

    Read Also: Recruitment: PSC extends deadline for two weeks

    “AIG Dansabo Idi: Prior to his promotion, he served as the Acting AIG in charge of Research and Planning, Force Headquarters, Abuja. His extensive service includes roles as a Divisional Police Officer in several divisions across Kebbi and Kaduna states, Officer-in-Charge of the Criminal Investigation Branch (CIB) in Kebbi, and postings at the Force CID Abuja. He has also served as Area Commander in Yauri, Owo, Awe, and Kosoboso; Commander of the 63 PMF Ikorodu, Lagos; Deputy Commissioner of Operations for Zone 1, Lagos; Commandant of the Police College, Kaduna; and Commissioner of Police, Investment, Force Headquarters, Abuja.”

    Kalu, Chairman of the Commission, DIG Hashimu Argungu (rtd), while congratulating the newly promoted officers, reaffirmed the PSC’s unwavering commitment to transparency, meritocracy, and best practices in all appointment and promotion processes.

    He stated, “The Commission is dedicated to recognizing hard work, dedication, and competence. These promotions are a testament to that commitment. I urge all the promoted officers to see their new ranks as a call to greater service, higher responsibility, and redoubled dedication to the safety and security of our nation.”

    The Chairman also commended the diligence of the PSC Standing Committee on NPF Matters, led by DIG (Dr.) Taiwo Lakanu (rtd) and other Board Members for their thoroughness and dedication throughout the examination and interview exercises.

    He said the Police Service Commission remains focused on its mandate of overseeing human resource management within the Nigeria Police Force to ensure a professional, efficient, and service-driven institution.

  • Ogun formally transfers TASUED to FG in historic transition

    Ogun formally transfers TASUED to FG in historic transition

    …as Oluremi Tinubu makes N50m endowment fund

    The Ogun State Government has formally transferred the Tai Solarin University of Education (TASUED), Ijagun, to the Federal Government, marking a historic transition of the 21-year-old state-owned institution.

    The Federal Government has now adopted TASUED as a federal university, following President Bola Ahmed Tinubu’s approval in March 2025 after an invitation by the Ogun State Government to take over the institution.

    Announcing the approval earlier, the Presidency quoted President Tinubu as describing the adoption as an opportunity to honour Chief Obafemi Awolowo, pioneer of free education in Western Nigeria, and Dr Tai Solarin, renowned educationist and founder of Mayflower School, Ikenne.

    Governor Dapo Abiodun officially announced the handover during the university’s 17th convocation ceremony, describing it as a landmark event in the history of both Ogun State and TASUED.

    A total of 4,785 graduates from the 2024/2025 academic session were awarded degrees, including 40 First Class graduates, 1,466 Second Class Upper, 2,768 Second Class Lower, 492 Third Class, and 19 Pass degrees.

    Nineteen-year-old Gbolahan Edward Awofala of the Department of Computer Science emerged as the overall best graduating student with a CGPA of 4.92.

    The Ogun State Government awarded Awofala ₦2 million, while each of the 40 First Class graduates received ₦500,000.

    The Memorandum of Understanding (MoU) transferring the university to the Federal Government was signed by Governor Abiodun and the Minister of State for Education, Prof. Suwaiba Sai’d Ahmed.

    The signing was witnessed by the university’s Pro-Chancellor, Prof. Rahamon Bello; Acting Vice-Chancellor, Prof. Adekunle Adeogun; and Ogun State Commissioner for Education, Prof. Abayomi Arigbabu.

    Governor Abiodun, who received an honorary Doctor of Science degree in Education, commended President Tinubu for facilitating the adoption and praised the Minister of Education, Dr Olatunji Alausa, for supporting the process.

    Read Also: TETFUND applauds TASUED for project implementation

    He said the transition promotes balance and equity, noting that Ogun East now hosts a federal university.

    He highlighted TASUED’s growth from four to six colleges and from about 3,800 students to a significantly expanded population, describing the development as a reflection of quality, discipline, and institutional integrity.

    He urged graduates to embrace their role as nation-builders and ambassadors of knowledge.

    First Lady, Senator Oluremi Tinubu, represented by Hajia Nana Shettima, wife of Vice President Kashim Shettima, received an honorary Doctor of Science in Childhood Education. 

    She endowed the university’s Department of Childhood Education with ₦10 million to support the best graduating female students over 10 years and donated ₦1.5 million to the overall best graduate.

    Former Ogun State Governor, Chief Olusegun Osoba, also received an honorary Doctor of Science in Political Science.

    Dignitaries at the ceremony included Deputy Governor Noimot Oyedele-Salako and several traditional rulers from across Ogun State.

  • Reps pass N58.472 trillion 2026 budget for second reading, adjourn plenary for budget defence

    Reps pass N58.472 trillion 2026 budget for second reading, adjourn plenary for budget defence

    The House of Representatives on Thursday passed for second reading the 2026 appropriation bill presented to the National Assembly by President Bola Ahmed Tinubu on December 19, 2025, while adjourning plenary for two weeks to allow for budget defence by MDAs.

    The appropriation bill, which was scheduled for debate on Wednesday but was deferred to Thursday, was unanimously passed by the House after an executive session by members.

    The only debate on the document was presented by the House Leader, Prof. Julius Ihonvbere, who echoed the words of the President, who described it as a defining moment in the national journey, a journey to peace, growth, stability, and sustainable development.

    Ihonvbere said, “Development that is not sustainable is only temporary, it’s not development at all, and you cannot have development without growth. The process of promoting growth is very challenging, difficult, and painful.

    “That is what we are going through. It can be more painful if we inherited distorted and disarticulated institutions and structures of our politics and economy, which was exactly the case with the present administration.

    “Nobody has ever promised that the journey of restructuring, repositioning, and refocusing our political economy will not be painless. Nobody has ever made that promise. Nobody assumed that the present administration went to space to bring a new set of Nigerians to join it in making Nigeria a better place. It is the same Nigerians who have been here since Shagari, Obasanjo, Jonathan, and Buhari, who precipitated the situation that was inherited.

    “So it’s a challenge, and I’m saying this so that we all put ourselves in the shoes of those trying to manage the economy. I’m not saying they are saints or that they are perfect. It is our job as a national assembly, representing 360 constituencies, fully elected by the people, to guide them to do the right things at all times.

    “Statistics can be good. Sometimes they can mislead, and sometimes they may not reflect our dreams and hopes. But we can’t run away from statistics. We say that the economy before the 2026 budget grew by 3.98 percent. A decent figure compared to many other developing countries.

    That inflation is down to 14.45 percent from about 25 percent, all revenues increased, exports grew, and direct foreign investment expanded. I think we all see the activities of the president. From one country to another, in the midst of winter, trying to sign this rich understanding with other countries. The recent visit to Turkey is an example.

    “I will encourage my colleagues to Google Turkey, and you will discover it’s one of the most developed countries in Europe. But it doesn’t get credit. It gets more international visitors and more international investment than many countries in Europe, including Britain, France, and Belgium.

    “So Turkey is a good country that we can partner with in many ways to move our world forward. The Dollar has remained stable. We promised in the last budget to bring it down to 1,400 from over 1,800. We have not printed a single Naira since this government came into office.

    “It has helped us to stabilise. Our external reserve is at a seven-year high of 47 billion US dollars, sufficient to provide over 10 months of aid.

    This is the background of the 2026 budget. But what are the promises that will be made? To give us a stronger discipline in budget execution and to improve revenue performance.

    We all join hands to give them the new tax laws to ensure revenue generation. We block leakages and generate revenue enough to support their budget and consolidate macroeconomic stability.

    Read Also: Reps seek govt’s intervention in Ondo, Ogun communities’ oil field dispute

    “I know the President is committed. I know that many in his team are committed. I also know that those of us in the National Assembly, especially the House of Representatives, are committed to ensuring that these promises are implemented.

    “What then are our expectations of the 2026 budget as presented? Total revenue expectation is N34.33 trillion from the total expenditure of N58.18 trillion, with a deficit of N23.85 trillion and recurrent non-debt of N15.25 trillion, while capital expenditure will be N26.08 trillion.

    “I think this is a mark of commitment to sustainable development, where your capital is higher than recurrent. But what you find in many instances is that recurrent outweighs capital expenditure. Most of the money goes into salaries and allowances and other costs, whereas capital is not. We have put the oil benchmark at 64.85 dollars. Oil production is at 1.84 million barrels per day.

    “The government has prioritised security and defence, and with the current cooperation with other countries, from the EU to the United States, we can rest assured that we will have a whole new era and approach to tackling the issue of security.

    “I believe that this administration is committed to ensuring that if we all work together, put ideas together, we commit to a better Nigeria, we build a kind of socio-political economic environment that will encourage Nigerians, in their respective constituencies and communities, to reach the highest points of their creative and productive abilities. Nigeria will be a better place, not just for us, but for generations to come.

    “It also encourages those who will come into power well into the future to build on the achievements of the present government, legislators, businessmen, women, and prioritise the welfare, security, and bedrock of the United States.”

    Speaker of the House, Abbas Tajudeen, said about 70% of the budget has already been debated earlier, in 2025, adding that “there is very little that is new. If we are comfortable with the professorial introduction of this budget, we can go ahead and ask the question.”

  • Insecurity: Afenifere asks Tinubu to fast-track state police, strengthen Amotekun in south-west

    Insecurity: Afenifere asks Tinubu to fast-track state police, strengthen Amotekun in south-west

    Leaders of the pan-Yoruba socio-political organisation, Afenifere, have called on President Bola Tinubu to urgently expedite action on the creation of state police as part of measures to address the worsening security challenges confronting the South-West region and the country at large.

    Recall that President Tinubu had last year, while meeting with a delegation of the Christian Association of Nigeria (CAN), led by its President, Archbishop Daniel Okoh, at his Lagos residence, said his administration was committed to establishing state and community police to change the country’s security narratives.

    He explained that the community and state police will be a “reality once the National Assembly completes the required legislative inputs,” saying his government was not relenting in its efforts to return the nation to peace and prosperity.

    However, Afenifere also urged governors in the South-West to strengthen and adequately empower the regional security outfit, Amotekun Corps, to enable it to tackle the persistent cases of kidnapping, banditry, and other criminal activities ravaging the region.

    The call was contained in a communiqué issued on Thursday at the end of Afenifere’s caucus meeting held at the Akure residence of its National Leader, Chief Reuben Fasoranti.

    The communiqué, signed and issued by the National Publicity Secretary of Afenifere, Mr Jare Ajayi, expressed serious concern over what the group described as the alarming rise in insecurity, noting that incidents of banditry and kidnapping have now become almost a daily occurrence in parts of the South-West.

    According to the organisation, the pattern of attacks across the region suggested a deliberate sabotage aimed at eroding public confidence in the government, stressing that the situation was no longer acceptable.

    “As the saying goes, it’s when one is alive and in good health that one can think of becoming anything. As such, the situation of insecurity in our land leaves a lot to be desired. Afenifere has repeatedly called attention to this menace. We were not just calling attention to the menace; we always provided ideas on the way out.

    “In this way, we call on State Governors in the Southwest to empower the security outfit Amotekun. We also appeal to President Ahmed Bola Tinubu and the state governments to expedite action on the much vaunted State Police.

    “Afenifere called on governors of the Southwest to do more in strengthening Amotekun with a view to curtailing insecurity in the region,” it read.

    The meeting also sympathised with the Oluabo of Ilu-Abo, HRM Oba Olu Falae, the people of Ilu-Abo, and the Ondo state government over the terror attack that occurred in the community last Sunday.

    The group expressed deep concern over increasing acts of terrorism reported in various parts of Yorubaland and called for immediate and decisive action to halt the disturbing trend.

    Afenifere also called on governments at all levels, security agencies, and community leaders to urgently rise to the challenge by adopting practical and sustainable solutions to the menace of insecurity.

    It also urged governors in the Southwest region to initiate a regional rail line project linking the state capitals of Lagos, Oyo, Ogun, Ondo, Osun, and Ekiti States.

    Afenifere added that the rail project, alongside enhanced security collaboration, could be extended to Kwara, Kogi, Edo, and Delta States in alignment with the governments of those states.

    On the newly introduced tax regime, which has been in place since January 2026, Afenifere said it has carefully reviewed the provisions of the tax laws as announced by the federal government led by President Tinubu.

    Read Also: Embrace Akintola’s legacy of courage, unity, politics of cooperation, Tinubu urges Nigerians

    While acknowledging that the intention of the reforms was to reduce the financial burden on low-income earners, the group warned that the current structure could still negatively affect common Nigerians.

    It, therefore, appealed for the N800,000 income threshold to be reviewed upward to allow more low-income earners benefit from the policy.

    Afenifere also commended the federal government for the construction and reconstruction of major roads across the country.

    However, it appealed to the government to prevail on contractors handling the projects to expedite work and ensure quality delivery within stipulated timelines.

    Specifically, the group called for speedy completion of the Lagos-Ibadan Expressway; Ibadan-Ilorin-Mokwa Road; Abeokuta-Sagamu Road; Ibadan-Ijebu-Ode Road; Ibadan-Iwo-Osogbo-Ikirun-Offa-Ilorin Road; and the Akure-Oore-Okitipupa-Igbokoda-Akinfosile-Igbotako Road.

    Afenifere further appreciated the federal government for commencing the reconstruction of the Ibadan-Ife-Akure Road, expressing optimism that the project would be completed within the shortest possible time.

    Prominent personalities at the caucus meeting included Chief Femi Aluko, Hon. Korede Duyile, Agbaakin Ademola Folarin, Abagun Kole Omololu, Hon. Lekan Alabi, Chief Deji Wellington, Dr. Niyi Osoba, and High Chief Ayo Abereoran.

    Others are: Chief (Mrs) Grace Animola, Rt. Hon. Bakita Bello, Ambassador Samson Obanibi, Engr. Lai Gboluaje, Alhaji Abdullah Kasali, and Chief Kehinde Oladeinde.

  • ECOWAS target 5% regional growth in 2026 – Touray

    ECOWAS target 5% regional growth in 2026 – Touray

    …says member states outperformed continent in previous year

    The President of the Economic Community of West African States, ECOWAS Commission, Omar Alieu Touray, on Thursday, disclosed that the region is targeting 5% growth in 2026.

    Touray, who disclosed this in a meeting with partners, said the region did not do badly in the previous year.

    He said the sub-region recorded 4.6% growth, outperforming the continent.

    “The annual report that hopefully you will all get indicates that global economic growth has slowed down in 2025, and although inflation eased relatively, uncertainty remains high. Yet in the midst of these global headwinds, Africa, our continent, continues to demonstrate remarkable resilience. Growth is recovering, inflation is declining, and political stability has improved in a number of regions.

    “This resilience is also evident within our own community, our own West African community. In 2025, the region outperformed the continental average. Growth was 4.6% and is expected to get to 5% in 2026, and this is for ECOWAS.”

    The Commission’s president attributed the growth recorded to the various reforms undertaken by the member states.

    He said, “This robust performance is driven by structural reforms, rising investment in mining and energy, improvement in regional trade facilitation, and a strong rebound in services, transport, and tourism. Although inflation remains elevated, we have noticed some fall, and in some cases very sharp fall, and that fall has been helped by coordinated monetary policies and better food supply conditions across member states. Fiscal deficits have narrowed significantly as governments strengthen revenue mobilisation and rationalise public expenditure.

    “Our debt-to-GDP ratio has also declined modestly, reflecting strong nominal growth and improved macroeconomic management. Our external position remains sound. The regional current account surplus has strengthened, bolstered by high export earnings from oil, gold, and bauxite, as well as improved primary income balances.”

    Touray also disclosed that the commission placed high attention on insecurity in the year under review, stressing that ECOWAS intensified preventive diplomacy, mediation, and democratic support across the region.

    He also disclosed that we have registered progress in combating organised crime and terrorism.

    He said, “Excellencies, if we look at the various sectors and the various areas of our activity, we will see that in the area of peace and security, our preoccupation remains with growing insecurity that some areas of the region continue to suffer from. Therefore, peace and security remain at the heart of our mandate. In 2025, ECOWAS intensified preventive diplomacy, mediation, and democratic support across the region.

    “We also continue to address the implications of the withdrawal of Burkina Faso, Mali, and Niger, while keeping our doors open for constructive engagement. Our Committee of Chiefs of Defence Staff completed the rotation of ECOWAS Stand-by Force and reinforced preparations for both the ECOWAS Stand-by Force and the 1,650-strong Counter-Terrorism Brigade. An assessment mission during the year to the Gambia and Guinea-Bissau underscored the need for enhanced training, strengthened monitoring and evaluation, as well as a clear exit strategy for ECOWAS missions in both the Gambia and Guinea-Bissau.

    “We have also registered progress in combating organised crime and terrorism. The ECOWAS Commission formally took over the West Africa Police Information System after 12 years under Interpol. However, reduced security cooperation with the AES bloc has complicated counter-terrorism efforts.

    “While attacks declined slightly, fatalities increased due to the rising use of improvised explosive devices. To strengthen arms control, the Commission donated weapons marking machines to four Member States, and this seeks to improve accountability and tracing.”

    On integration of the region, Touray disclosed that the second phase of the free movement and migration project was launched during the year, and the ECOVISA online portal was also validated.

    He added, “Seven of our Member States are now implementing the ECOWAS National Biometric Identity Card. The seventh one and the most recent one is the Federal Republic of Nigeria.

     “A cross-border cooperation also intensified during the year, benefiting border communities, especially women. Informal cross-border trade data collection has also improved. With Ghana publishing its first national report in 2025.

    As a community, we submitted the revised consolidated regional offer on trading services under the African Continental Free Trade Agreement. And nearly all Member States have ratified the African Continental Free Trade Area. Our support to women and youth has yielded some results.”

    ECOWAS President also disclosed that no fewer than 1,300 small-scale cross-border traders and 50 women-led SMEs benefited from capacity building, while digital skills training expanded opportunities for rural women.

    He also noted that 2025 witnessed the inaugural ECOWAS Trade and Investment Forum and Exhibition as part of the region’s 50th anniversary celebrations.

    He said, “Within the Customs Union, we expanded the electronic certificate of origin pilot, advanced tax harmonization, and connected six Member States to the SIGMAT e-hub, which seeks to facilitate and fasten customs procedures. Excellencies, ladies and gentlemen, ECOWAS continued to place vulnerable populations at the centre of its work.

    “We worked hard to strengthen the capacities of women, particularly in conditions of insecurity. We’ve also supported women against anti-trafficking and gender-based violence. Efforts to support women cured of fistula expanded through financial assistance and local production of sanitary products. Over around 8 million U.S. dollars was committed to humanitarian emergencies and disaster risk reduction.”

    He also listed other efforts to include drug rehabilitation services, which is expanded to cover 10 centers across the region.

    Touray said the region in 2025 carried out educational, technical, and vocational training initiatives.

    “With respect to infrastructure, energy, digitalization, and environment, we continue to promote clean, secure, and affordable energy. Under the Pro-Sem2 initiative, regulatory agencies received support to design tariff models and operational guidelines for renewable energy systems. More than 42 million U.S. dollars were mobilized for the Regional Roads Network preparatory studies.

    “Preparations advanced for the prior Dakar-Abidjan corridor, supported by the African Development Bank. We also worked to strengthen aviation safety through the establishment of the regional pool of AFSEC experts. In digital connectivity, Cote d’Ivoire, Ghana, and Nigeria were identified as regional internet exchange point hubs, and preparations for a second submarine cable were completed.

    “Seven member states are now implementing bilateral roaming arrangements. On the environment, ECOWAS advocated globally for the protection of the Upper Guinea Forest and Futa Jalon Highland, and established a regional carbon market framework. Our food security initiatives improved seed regulations, fortified floor reserves, and expanded school feeding to over 30,000 school children.”

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    “We also strengthened sanitary and phytosanitary measures and supported women cooperatives to enhance regional agricultural trade.

    “With regard to our institutional capacity building, the Commission completed its 2025-2027 medium-term expenditure framework across all institutions and validated the ECOWAS risk management framework. A mid-term review of the community strategic framework was also undertaken.

    “Excellencies, now turning to our institutions, you will find that our ECOWAS Court of Justice continues to provide justice within the community. Forty-five decisions were delivered, and the Court also continued its outreach activities. Our West African Health Organization also strengthened epidemic preparedness and procured essential medical equipment”.

    He also highlighted the role of ECOWAS in aborting the attempted coup in the Republic of Benin.

    “And not only did ECOWAS confine itself to condemnation, but ECOWAS also took drastic measures, very rapid intervention, to send the right message to the world that the region stands for no coup, there is zero tolerance for anti-constitutional behaviour in the region. And we continue to maintain that position,” he said.

    On the position of the region in Guinea-Bissau, he said, “The message of ECOWAS was very clear. ECOWAS calls for a short transition led by an inclusive government, and the government must have a limited mandate just to prepare, just to undertake constitutional reforms, electoral reforms, and prepare for free and fair elections.”

    On why ECOWAS did not act on the result of the Presidential election in Guinea-Bissau, Touray said the result of the poll was destroyed, and so there was nothing to hold on to.

    This, he stressed, explained the decision to give the junta a short transition period.