Category: Special Report

  • The budget: A deep vision for economic transformation

    The budget: A deep vision for economic transformation

    President Bola Ahmed Tinubu has presented the 2025 budget to the National Assembly. Beyond the usual budgetary details, the President earmarked 52 per cent of non-debt spending for infrastructure, writes ASSISTANT EDITOR NDUKA CHIEJINA.

    The N49.8 trillion budget for next year highlights a commitment by the Tinubu Administration to drive economic transformation. The financial estimates focus on capital expenditure.

    A significant sum of N16 trillion, representing 52 per cent of non-debt spending, is allocated to capital projects. This shows the government’s resolve to tackle structural inefficiencies, boost productivity, and foster inclusive economic growth.

    The budget prioritises transformative projects across transportation, energy, healthcare, and education sectors. The investments in the sectors are essential for reducing transaction costs, streamlining logistics, and facilitating the efficient movement of goods, services, and people.

    Moreover, enhanced infrastructure creates a fertile ground for economic expansion by attracting domestic and foreign investments. It also spurs productivity across key sectors, such as agriculture, manufacturing, and technology, thereby unlocking the full potential of Nigeria’s economy.

    By emphasising infrastructure development, the budget serves as a blueprint for fostering sustainable growth, addressing long-standing structural challenges and positioning Nigeria as a competitive global player.

    This capital-intensive approach reflects government’s recognition that robust infrastructure underpins economic resilience. The targeted investment is designed to yield long-term benefits for businesses and individuals, from improved transportation networks that lower logistics costs to better energy systems that power industries.

    Thus the budget sets the tone for a decade of transformative progress, firmly placing Nigeria on the path to inclusive prosperity.

    Infrastructure as catalyst for industrial growth and job creation

    The budget recognises the indispensable role of reliable infrastructure in driving industrial growth and fostering economic diversification. By prioritising investments in transportation networks and energy supply, the government aims to eliminate logistical bottlenecks, promote inter-regional trade, and enhance industrial integration. These envisioned strategic improvements are critical for facilitating agricultural and mining activities and attracting manufacturing investments.

    These investments will drive value chain development, expand production capacities, and significantly boost Nigeria’s overall economic output.

    Read Also: Tinubu’s vision for the livestock sector will unlock vast potential – Minister 

    Improved transportation networks, such as roads, railways, and ports, are essential for ensuring the smooth movement of goods and raw materials across regions, thereby connecting producers to markets more efficiently.

    Likewise, investments in energy supply—particularly through renewable and alternative energy sources—will reduce business production costs, ensuring a stable power supply for industries and households. These are expected to create a more conducive environment for domestic and foreign investors, fostering industrial growth and strengthening Nigeria’s global competitiveness.

    Furthermore, capital projects stand out for their labour-intensive nature, especially in the construction and infrastructure sectors. From road construction to the provision of energy plants, these initiatives will generate immediate employment opportunities, driving household income growth and stimulating local economies across the nation.

    Construction jobs provide short-term relief and serve as a gateway to long-term career opportunities. Workers engaged in such projects acquire new skills in engineering, logistics, and project management, enhancing their future employability.

    By coupling infrastructure development with job creation, the budget promotes a sustainable cycle of human capital development. As more Nigerians access skills training and employment opportunities, the workforce becomes better equipped to contribute to the nation’s industrial and economic transformation.

    This dual impact—strengthening infrastructure while empowering individuals—positions the budget as a decisive tool for tackling unemployment,   poverty reduction, and fostering inclusive growth in the long term.

    Through these targeted investments, the government demonstrates its resolve to address systemic inefficiencies and unlock Nigeria’s full industrial potential. By doing so, the budget lays the groundwork for an economy that is resilient, diversified, and inclusive, driven by robust infrastructure and a skilled workforce.

    Multiplier effects of capital expenditure and human capital development

    The increased allocation to capital expenditure in the budget is designed to unleash a multiplier effect on the  economy. Payments to contractors and workers engaged in infrastructure projects translate directly to higher disposable incomes, driving increased household consumption and aggregate demand. This surge in spending invigorates economic activities across ancillary sectors such as retail, services, and transportation.

    As economic activity intensifies, businesses in these interconnected sectors experience increased patronage, which, in turn leads to higher production levels and expanded employment opportunities. This self-reinforcing cycle of economic expansion underscores the significance of a robust capital expenditure in stimulating not only immediate growth but  long-term economic stability.

    By prioritising infrastructure investments, the government is setting the stage for sustained development that benefits industries and individuals.

    Equally transformative are the budget’s allocations to social infrastructure, particularly in healthcare and education. Improved healthcare facilities—ranging from modernised hospitals to accessible clinics—contribute to a healthier population.

    A workforce unburdened by frequent illnesses is more productive, reducing absenteeism and improving outputs across all sectors. Moreover, better healthcare infrastructure minimises economic losses associated with high out-of-pocket medical expenses, freeing up resources for savings and investments.

    Similarly, the focus on educational infrastructure serves as a cornerstone for enhancing human capital development. By expanding access to quality education, the government is equipping citizens with the skills and knowledge needed to thrive in a dynamic global economy. Investments in classrooms, laboratories and teacher training create an environment conducive to learning, fostering a skilled and competitive labour force  essential for economic diversification and global competitiveness.

    The intersection of infrastructure development and human capital investment shows a strategic approach to economic planning. By addressing both physical and social deficits, the budget will ensure that economic growth is inclusive, sustainable, and rooted in the empowerment of Nigeria’s greatest resource—its people.

    With healthier, better-educated citizens, the nation stands poised to reap the dividends of a productive workforce capable of driving innovation, entrepreneurship, and industrialisation.

    This dual approach will not only address immediate challenges but  position  Nigeria for long-term economic resilience. By prioritising capital expenditure with direct benefits for both physical and social infrastructure, the government is crafting a vision of shared prosperity that aligns with its overarching goal of national transformation.

    Addressing regional disparities and accelerating economic diversification

    The budget employs focused capital expenditure as a pivotal strategy for addressing Nigeria’s persistent regional disparities. By channeling funds into underdeveloped areas, the government aims to stimulate local economies, attract businesses, and ensure equitable development across the country.

    Improved infrastructure in these regions—ranging from better roads and energy supply to modernised healthcare and educational facilities—has the potential to invigorate local economic activities and integrate these areas into the broader national economy.

    This approach holds significant promise for reducing socio-economic inequality, which has long plagued the nation. Enhanced connectivity between rural and urban areas will foster inter-regional trade, expand markets for local producers, and provide communities with access to essential services. Over time, this integration will help balance the scales of development, creating opportunities for underserved regions and contributing to a more inclusive economy.

    In parallel, the 2025 budget’s emphasis on economic diversification reflects a clear commitment to reducing Nigeria’s over-reliance on volatile oil revenues. By prioritising investments in non-oil sectors, the government is laying the groundwork for a resilient economy driven by diverse revenue streams. In particular, investments in agricultural infrastructure—such as irrigation systems, storage facilities, and processing plants—are expected to significantly boost productivity, enhance food security, and create value-added agricultural products.

    Moreover, the development of industrial parks and export-processing zones stands out as a cornerstone of the government’s diversification agenda.

    These hubs are designed to attract both domestic and foreign investors by providing favourable business environments with reliable infrastructure and streamlined regulatory processes. By fostering industries such as manufacturing, technology, and agro-processing, these zones are expected to enhance Nigeria’s non-oil exports, contributing to foreign exchange earnings and reducing the nation’s vulnerability to global oil price shocks.

    This shift toward a diversified economy will not only strengthen economic resilience but  create job opportunities across a broad spectrum of industries. A thriving agricultural sector, for instance, will support value chains that include transportation, packaging, and retail.   Industrial parks will foster innovation and technological advancement.

    By addressing regional disparities and accelerating diversification, the budget positions Nigeria for sustainable and inclusive growth. The targeted investments aim to unlock the potential of every region, ensuring that no part of the country is left behind in the pursuit of economic transformation.

     Through these initiatives, the budget underscores a vision of shared prosperity that aligns with national and global development goals.

    Leveraging infrastructure for economic resilience and tackling challenges

    The government’s focus on infrastructure development is a strategic move to position Nigeria as a competitive destination for both domestic and foreign investments. Enhanced infrastructure significantly lowers operational costs for businesses, creating an environment that fosters private sector participation—an essential driver of sustained economic growth.

    Reliable roads, power supply, and efficient logistics systems reduce overhead expenses, streamline operations and improve the ease of doing business.

    Infrastructure-led development also plays a critical role in building economic resilience. By diversifying the economy and enhancing productivity, this approach equips Nigeria to better withstand external shocks such as global market fluctuations or disruptions in oil revenue. A more stable and diversified economy not only ensures sustainable growth but fosters long-term stability, enabling the country to weather economic uncertainties with greater confidence.

    Challenges and panacea

    While the ambitious focus on capital expenditure promises substantial benefits, it is not without risks. Challenges such as corruption, inefficiencies, and delays in projects’ execution could undermine the effectiveness of investments. To safeguard the anticipated outcomes, robust monitoring mechanisms are imperative. These mechanisms must ensure transparency, accountability, and adherence to projects’ timelines and budgets. The government must also strengthen institutional frameworks to combat corruption and enhance efficiency of public spending.

    Debt servicing, which is projected at N16 trillion, represents another critical challenge. Striking the delicate balance between borrowing for growth-oriented projects and maintaining fiscal sustainability is essential to avoid excessive debt accumulation. Borrowing must be strategically targeted toward high-impact projects with measurable economic returns.

    Additionally, exploring innovative financing models, such as public-private partnerships (PPPs) and concession arrangements, can help reduce  debt burden while ensuring infrastructure development.

    Large-scale spending, if not carefully managed, could also trigger inflationary pressures that may destabilise the economy. Monetary authorities must work closely with fiscal policymakers to implement measures that mitigate inflation risks. Strategies such as phased project implementation, prudent fiscal management, and leveraging domestic resources can help stabilise prices while sustaining economic growth.

    In the face of these challenges,  government’s proactive planning and commitment to transparency will determine the ultimate success of the 2025 budget.

    By addressing these risks head-on, Nigeria can maximise the transformative potential of its infrastructure investments, fostering an economy that is not only inclusive and competitive but resilient and sustainable in the long term.

  • Breaking the media silence on gender-based violence

    Breaking the media silence on gender-based violence

    In a bid to tackle the pervasive issue of gender-based violence (GBV), The Nation Journalism Foundation’s 16 Days of Activism campaign culminated in a pivotal panel discussion exploring the media’s role in addressing GBV. Panelists emphasised the need for more survivor-centred reporting, a greater focus on the root causes of violence, and a shift away from victim-blaming narratives. They called for increased collaboration between the media and advocacy groups, investigative reporting on systemic issues, and media-driven public awareness campaigns to foster long-term cultural change and policy reform in the fight against GBV. By Ntakobong Otongaran reports

    The atmosphere in The Nation newspaper’s corporate headquarters was one of urgency and commitment recently, as the 16 days of activism against gender-based violence (GBV) campaign drew to a powerful close. The event, which ran from November 25—coinciding with the International Day for the Elimination of Violence Against Women—to World Human Rights Day, was marked by a pivotal panel discussion titled “Breaking the Media Silence on Gender-Based Violence.”

    At the heart of this thought-provoking dialogue was a central, pressing question: Has the media been silent on the issue of gender-based violence? A question that, while simple, reveals deep, systemic gaps in the way society—and the media, in particular—approach this critical human rights issue. The evening brought together seasoned journalists, media experts and thought leaders, all united in a shared goal: to explore how the media can play a more active and transformative role in not just reporting on GBV, but in dismantling its harmful structures.

    In his opening remarks, Ademola Oyeledun, Programme Officer of The Nation Journalism Foundation, emphasised the importance of the campaign’s alignment with both the International Day for the Elimination of Violence Against Women and World Human Rights Day. “You will all agree with me that gender violence is a general interest issue that the media should cover. It is a social problem entailing a violation of human rights,” Oyeledun stated, speaking passionately about the profound societal impact of gender violence. “Gender violence affects society as a whole—both men and women—and news must take an overall perspective on this issue if we are to achieve an egalitarian society free from gender violence.”

    The discussion was expertly moderated by Miss Evelyn Osagie, an award-winning journalist and performing poet known for her multi-faceted talents. The panel featured insightful contributions from journalists with vast experience in covering social issues, including Dr. (Mrs.) Dupe Ajayi-Gbadebo, a veteran journalist with a distinguished career in social justice. Dr. Ajayi-Gbadebo, a Fellow of the Nigerian Guild of Editors, has long been an advocate for the marginalised. Also contributing was Mrs. Precious Igbonwelundu, a multiple award-winning journalist and passionate advocate for women’s and children’s rights. Igbonwelundu is the Head of the Crime and City Desk at The Nation and a member of The Nation Journalism Foundation Strategy Team. The panel also included Mr. Adekunle Yusuf, Associate Editor at The Nation, whose proven track record in journalism reflects his unwavering commitment to social justice advocacy. Mr. Yinka Aderibigbe, a seasoned journalist and the Chairman of the Transportation Correspondents Association of Nigeria (TCAN), also shared his expertise.

    According to Dr. Ajayi-Gbadebo, gender-based violence (GBV) refers to harmful acts directed at an individual based on their gender, adding that it is a pervasive issue affecting millions globally, with women and girls being disproportionately impacted. She explained further that GBV encompasses various forms of violence, including physical, sexual, psychological and economic abuse, occurring in different contexts, including intimate partner violence, sexual assault, human trafficking, and harmful traditional practices like female genital mutilation. The impacts of GBV are profound, affecting survivors’ physical and mental health, economic stability and overall well-being, she stressed.

    The World Health Organisation (WHO) reports that approximately one in three women globally experience physical or sexual violence, mostly by an intimate partner. This alarming statistic highlights the widespread nature of GBV across all societies, regardless of economic status or geographic location. Sexual violence remains a significant issue, with an estimated 1 in 10 women worldwide experiencing sexual violence at some point in their lifetime. Furthermore, gender-based violence is not limited to physical harm; it can also be psychological, economic, and emotional, with long-term consequences that are harder to measure but equally devastating.

    Read Also: Tinubu appoints eight new permanent secretaries

    The panelists engaged in a lively debate on whether the Nigerian media has been silent on the issue of gender-based violence (GBV), or whether a more proactive and nuanced approach is required. The consensus leaned strongly towards the latter, with the panel emphasising the critical need for increased visibility, depth and sensitivity in reporting on GBV to better address its complexities and drive societal change. One key topic explored was the tendency of the media to sensationalize cases of GBV without providing the necessary context or a focus on systemic causes. Yusuf highlighted the dangers of oversimplifying complex issues such as GBV by reducing them to mere headlines, stressing that this approach often neglects the deeper societal changes required to effectively address gender-based violence.

    Acknowledging the structural and power imbalances in society, Yusuf emphasised that one of the key challenges in addressing gender-based violence (GBV) is getting survivors to speak out. Cultural norms, religious beliefs and stigma often silence those who have experienced abuse. The media, he noted, can only report on what is made available to them, underscoring that GBV is not just a matter of statistics, but involves real people with real stories—stories that cannot be fabricated by credible outlets. “A culture of silence surrounds GBV, and many survivors are constrained by their cultural and religious beliefs. It is incredibly difficult to encourage them to speak out. The media cannot create stories. If people do not speak, there is no story to report.”

    Additionally, the role of the media in perpetuating harmful stereotypes was a point of concern – an unprofessional practice that often retraumatizes survivors of GBV. Whether in sensationalist reporting or subtle biases, panelists admitted that the media has often been criticised for failing to challenge the societal norms that enable gender violence to thrive. However, Igbonwelundu and Aderibigbe expressed cautious optimism, recognising that strides had been made in recent years with more survivor-centred reporting and a stronger emphasis on structural violence. According to them, reporters and editors who work on scripts need to know that there is a pressing need to centre the experiences and voices of GBV survivors in media coverage because, too often, survivors are portrayed in media reports as victims in a way that strips them of agency. All the panelists emphasised that the media must move beyond victimhood narratives to show survivors as agents of change—resilient individuals who have survived violence and who are leading the charge for societal transformation.

    The path forward

    During the discussion, the panelists offered several key recommendations on how the media can improve its coverage of gender-based violence (GBV) and play a more active role in addressing the issue. One of the primary suggestions was the need for survivor-centred reporting. The panelists stressed the importance of shifting the focus from sensationalist stories to highlighting the voices and experiences of survivors. By doing so, the media can humanize survivors, showing their resilience and agency, and provide them with a platform to share their stories in a way that is respectful and empowering. This approach would not only increase awareness but also help break the cycle of victimization often perpetuated in media narratives.

    In addition, the panelists stressed that reporting on GBV should move beyond individual cases and begin to contextualize the issue, addressing the deeper, systemic factors that contribute to violence. They pointed out that GBV is deeply rooted in power imbalances, cultural norms and societal structures, and that media coverage should reflect this. By educating the public on the root causes of GBV, the media can challenge existing stereotypes and encourage a broader understanding of the issue, ultimately pushing for long-term change. Another key point was the need for the media to avoid victim-blaming narratives. It was noted that, in some cases, media outlets unintentionally perpetuate harmful stereotypes or suggest that victims are responsible for the violence they experience. Panelists urged journalists to be more mindful in their reporting, emphasizing the need to hold perpetrators accountable rather than focusing on the actions or behaviours of victims. This shift would help create a more supportive environment for survivors and contribute to a cultural shift toward greater empathy and understanding.

    The discussion also highlighted the importance of gender-sensitive journalism. The panel encouraged journalists to undergo training to better understand gender issues and violence, so they can report on GBV more accurately and with greater sensitivity. Such training would help ensure that journalists report on these issues responsibly and compassionately, avoiding harmful language or framing that could further stigmatise survivors. A further recommendation was for the media to collaborate more closely with advocacy groups and NGOs that specialise in gender rights and GBV. By working together, the media can ensure that its coverage is informed, accurate, and aligned with the goals of organisations that are on the frontlines of supporting survivors and advocating for policy change. Collaboration could also provide practical resources for survivors, such as access to shelters, legal aid, and mental health support.

    The panelists also called for an increase in investigative reporting on GBV. They argued that the media should not only report on incidents of violence but should also examine the underlying causes of GBV, such as cultural practices, legal barriers, and failures in law enforcement. Investigative reporting could shed light on these systemic issues and hold powerful individuals and institutions accountable, further advancing the fight against GBV. Additionally, the panel recommended that the media take a more proactive role in public awareness and education. Through campaigns, documentaries, and informative programs, the media could educate the public about gender equality, the legal rights of women and girls, and the resources available for survivors. By raising awareness, the media can help foster a culture of respect and accountability that discourages violence and encourages social change.

    Experts also urged the media to use its platform to advocate for policy reforms that better protect victims and prevent violence. By covering policy debates, pushing for stronger laws, and highlighting gaps in current legal frameworks, the media can help create the momentum necessary for meaningful change. Finally, the panelists called for the media to foster a culture of accountability within its own ranks. This includes taking responsibility for how gender-based violence is reported, ensuring ethical standards are met, and reflecting on how coverage can be improved. The media, they argued, must always strive to improve the quality of its reporting to ensure that it is contributing positively to the conversation around GBV.

  • State-by-state report on CNG initiative

    State-by-state report on CNG initiative

    Reports by The Nation correspondents across some states and the Federal Capital Territory(FCT) show that some do not have Compressed Natural Gas (CNG) conversion centres or refill stations. 

    The states are Delta.  Kwara, Jigawa, Adamawa, Plateau, Niger, Imo, Enugu, Akwa Ibom, Benue, Osun   and  Borno.

     However, many of them indicated interest in keying into the Federal Government initiative. Borno opted for Electric Vehicles(EVs) and tricycles.

    Oyo, Ogun, Ondo, Rivers, Edo states and FCT have conversion and refill plants.

    • FCT

    A few months ago, the Federal Government   distributed 64 CNG buses to the FCT Administration as part of Nigeria’s 64th Independence Anniversary celebrations.

    A transporters,  Oladele Abiodun, told The Nation that there were only four conversion/ refill centres in the FCT.

      Abiodun, who lamented that there were few   CNG  centres in the territory,  called on the Federal Government and FCT Administration to establish more. 

    He said those who have converted their vehicles   always queue for hours to buy CNG.

    A civil servant ,who pleaded anonymity,  told our correspondent that he spends over four hours at the stations to buy gas.

    • Osun 

    Commissioner for Information and Public Orientation,   Kolapo Alimi confirmed to The Nation that the state has no conversion/refill centre. He added the   Federal Government   has provided the state with no free CNG buses.

    The commissioner appealed to Federal Government to redeem its pledge of providing   conversion centres and buses to ease the  hardship faced by residents.

    Read Also: Children malnutrition: FG moves to reverse Nigeria’s top global, continental ranking

      Alimi said: “There is no single CNG conversion centre in the state neither do Federal Government  provide the vehicles promised. The only thing that is on ground to ease hardship over transportation is Imole bus provided by Governor Ademola Adeleke for workers, students, and residents.’’

    • Ogun

    The state blazed the trail with the rollout of 17 CNG-powered buses on October 30, 2023.

    Sources close to the transport ministry revealed that   31 vehicles have been converted to CNG so far out of   60 free conversion kits received from the Federal Government.  

      There are three conversion centres   operated by the  Nigeria Gas Transport Solution Ltd (NGTSL) in the state’s   Public Works Agency;  Next Gen  Limited in  Abeokuta and another in  Mowe – Ibafo corridor. 

    There are also three CNG refilling stations – Green Fuel at  Obada in Abeokuta; Gasco Marine also at Obada and another at Mowe/Ibafo.

    • Oyo

     The Federal Government which delivered 20 CNG buses to the state commenced the first phase of free vehicle conversion in Ibadan, the state capital on September 15.

    Seventy vehicles have so far been converted in the state.

      First Vice-Chairman of the state’s  Park Management System (PMS)   Ademola Adeoye said the CNG initiative  was well received by PMS members 

    He, however, said others have not been able to convert their vehicles  due to many reasons, including lack of funds.

    Pointing out that there were no enough conversion centres in the state, Adeoye called  on the government to consider opening more 

    He said: “Over 70 of our commercial vehicles has been converted as of  Friday. But there are  no enough conversion centres in the state. Only three conversion centres  were recommended by Federal Government for  the state.”

    • Ekiti 

     Commissioner for Infrastructure and Public Utilities  Mobolaji Aluko said the  government has shown significant commitment to  the CNG initiative

    Aluko stated that the  Federal Government unveiled seven conversion centres in the state which are already using CNG  to power its independent power plant.

    He added that the state has received 15 CNG buses from the Federal Government under the Presidential Compressed Natural Gas Initiative (PCNGi) to enhance public transportation in the state.

    • Enugu 

    The government is presently constructing a massive CNG mother station with a capacity to serve the entire Southeast.

    It is also plans to build ancillary daughter stations that would look like filling stations.They will be fed by the mother station to be located at Ugwu Onyeama.   

    The Nation also gathered that some private  firms  in the state had already taken the lead in training interested technicians on how to convert vehicles from PMS to CNG.

    Commissioner for Transportation  Obi Ozor had two months ago said the government had taken steps to introduce  CNG buses as part of the efforts to preserve the environment and also make transportation affordable for citizens.

    Ozor added that the state was playing its part to not only invest more in buying CNG buses, but supporting private sector investment in the transportation space.

    • Rivers

    It was gathered that some CNG-powered vehicles had been sent to the state government by the Federal government.

    Efforts to confirm the development yielded no positive results as the Commissioner for Information, Mr. Joseph Johnson,   neither responded to telephone calls nor replied to a text message sent to him.

    But a source   in Port Harcourt   said some CNG-powered vehicles were sent by the Federal Government  to the   state 

     There was, however, no evidence to show that the vehicles had been deployed for use in the state

    Our source said plans had been concluded by the government to open two CNG refill  stations and two  conversion parks in the state capital.

    He  said: “   The stations will be launched in Port Harcourt and we are launching a refuelling unit alongside. Rivers State is going to have a micro refuelling unit at Stadium Road and in Government Reservation Area(GRA).

    To increase the availability of CNG centres, the Portland Oil and Gas recently opened such centre to facilitate conversion at the Onne Oil and Gas Free Zone in the state.

    • Ondo

    The use of CNG- powered vehicles is yet to take firm root in the state due to the absence of  conversion workshops and plants.

    The Nation gathered   that one  plant   being constructed in the state is  90 percent completed.

      Lafbart Innovations and Consulting limited was granted licence to undertake the conversion of PMS-powered vehicles to CNG  in the state.

    Special Adviser to Governor Lucky Aiyedatiwa on Transport  Olugbenga Omole said the state’s 2025 budget made provision for the purchase of CNG-powered vehicles.

      Omole added the state was yet to receive CNG-powered buses from the Federal Government.

    • Kwara

    The  government last week received 20 CNG vehicles from the Federal Government last week.

    A member of the Road Transport Employers Association of Nigeria (RTEAN), who did not want his name in print, said:   ‘NURTW and RTEAN members attended the ceremony as  observers.” 

    • Niger

    The state which has no conversion/refill centre, procured 200 CNG buses this year.

     The buses are currently parked at the Trade Fair Complex in Minna. 

      Governor  Mohammed  Bago had during the presentation of the state’s budget for next year to the   House of Assembly, said his  government earmarked N10 billion for modern bus  terminals and CNG stations across the state.

     He assured that the 200  CNG buses would soon be put to use.

    Bago also revealed that his government was planning to distribute 1,000 electric tricycles to ease  movement in the state.

    • Plateau

    In Jos,   Commissioner for Transport  Davou Gyang said the primary barrier to implementing the  CNG initiative in the state was an insufficient number of refill stations.

    Gyang told The Nation that a private firm,   Greenville Energy, which built a CNG station in Nasarawa State, is to set up one in Plateau at no cost.

    He said: “We have not given them(Greenville)  the go-ahead because having a conversion centre without refill  stations is as good as not achieving anything.

    ‘’There has been no significant uptake or conversion of local vehicles to CNG due to the lack of refill infrastructure.

     “We are also having discussions with the National Institute of Transport Technology (NITT) to identify a temporary site for vehicle conversions to CNG.

    ‘’ They have built a CNG station in Nassarawa State and currently building another in Kaduna. Plateau has yet to receive any single CNG vehicles. We have the intention of converting the Plateau Riders vehicles to CNG.’’

    • Imo  

     Transport Commissioner  Chika Abazu said  Governor Hope Uzodimma   tasked his ministry  to create a comprehensive CNG strategy 

    He said: “The plan capitalises on the state’s rich natural gas resources, aiming to generate jobs, slash transportation expenses, and stimulate economic growth.

    ‘’We have started key components construction which include building three main CNG stations and associated smaller stations and vehicle conversion centres.

    “This infrastructure will enable widespread CNG vehicle adoption, providing drivers with lower fuel costs and environmentally friendlier transportation.’’

    He added that  Mashati Energy was committed to establishing a major CNG facility and conversion centres in the state.

    • Akwa Ibom

    The state government is yet to make a decision on whether or not to key into the CNG initiative.   

    Governor Umo Eno had earlier said his administration was understudying the workings of the CNG, especially as it pertains  safety.

      Information Commissioner  Ini Ememobong  said that the governor was, for now, more  concerned with ensuring availability of fuel in the state 

    His words: “The governor sometimes ago said he was still understudying the workings of CNG and was particularly concerned about how safe it is.

    “I am not aware if he (  governor) has changed his mind. Whatever decision he takes is in the best interest of the people.

    “Again, the governor is concerned about the issue of having enough refilling depots across the state.”

    • Benue  

    The commissioner for Transport , Renewable Energy and Power   Omale Omale said the state was currently working to have an energy and power policy.

      Omale said the ministry already had an energy data for the state.

    He, however, stated that the state had long ago keyed into the  CNG  concept but, unfortunately, did not have the  support infrastructure for it to thrive at the moment.

    “Benue has keyed into the CNG concept. It is deployed in some states for test running, but unfortunately, Benue is not among the pilot states,’’ the commissioner added.

    • Borno   

     Dauda Ilya,   special adviser to Governor Babagana Zulum on Media, said the government was focusing on

      Electric Vehicles (EVs) as part of the  transportation overhaul for Maiduguri and surrounding areas.

    Stating that the  government welcomed the CNG initiative,  he cited difficulties in establishing conversion plants, and securing proper storage facilities as hindrances.

    His words: “Borno State  Government is investing in electric buses and cars to revamp the transportation system in Maiduguri metropolis and its environs. This shift towards EV technology is seen as a practical and sustainable solution to addressing local transportation needs.

    “Notable investments in EV technology include the 2024 purchase of 30 Changon E-Star electric vehicles, 500 Phoenix VH100 electric tricycles, and other electric vehicles for the Baga community.

    “The government also procured electric vehicle charging terminals across Maiduguri Metropolitan Council (MMC) and Jere Local Government Area (LGA), offering highly subsidized charging rates to alleviate the economic burden on residents.” 

    • Edo

    The  CNG is being embraced by motorists with more conversion centres seen in  Benin and its environs.   

    Although, many residents were discouraged by the October 16 explosion of a CNG-powered car in Ikpoba Hill, findings showed that they had changed their minds. 

    The state however has not received any CNG vehicle from the Federal Government.  

    • Delta

    The  government has commenced preliminary implementation of the   policy   with Governor  Sheriff Oborevwori’s  approval of the construction of conversion. Refill stations across the three senatorial districts.

     Transport Commissioner  Onoriode Agofure    explained that the  government was mindful of the hardship citizens endure due to the high cost of transportation.

    He appealed for patience, noting that the government was  committed to providing lasting relief to stakeholders in the transport sector.

    • Jigawa

     In Jigawa State, there is no  conversation centre

    However, the state Executive Council has approved N117,109,070  for the establishment of a pilot training centre at Dutse Skills Acquisition Center in Limawa.

      Information and Sports Commissioner  Sagir Musa said this is in line with Governor Umar Namadi’s administration’s commitment to reducing the suffering of the people.

    • Adamawa

    The CNG has not been deployed in Adamawa State by the Federal Government. But the state government, however, runs a mass transit scheme with vehicles that run on gas.

    The Chief Press Secretary to Governor Ahmadu Fintiri, Mr Humwashi Wonosikou, said the state has no CNG-run vehicles from the Federal Government.

  • Assessing CBN’s economic policies powering naira’s rebound

    Assessing CBN’s economic policies powering naira’s rebound

    Over the past year, the Central Bank of Nigeria (CBN) has introduced crucial reforms aimed at unifying the country’s exchange rate, eliminating distortions and restoring market transparency. This policy shift has enabled the apex bank to clear outstanding foreign exchange obligations, boosting the confidence of businesses—from manufacturers to airlines—to plan and invest strategically. Assistant Business Editor COLLINS NWEZE reports that the naira’s ongoing rally is the result of a series of sweeping reforms across the financial sector, setting the stage for a more stable and investor-friendly economic environment.

    The naira’s ongoing rally in both official and parallel markets highlights the success of financial sector reforms driven by the Olayemi Cardoso-led Central Bank of Nigeria (CBN). This rally reflects months of innovative policies, culminating in the implementation of the new Electronic Foreign Exchange Matching System (EFEMS) on December 2. EFEMS tackles long-standing challenges of market opacity and inefficiency by enabling seamless trading and ensuring consistency among participants. As a result, the naira appreciated significantly against the dollar across all market segments. At the parallel market, it traded at N1,530/$, while at the Nigerian Foreign Exchange Market Window (NAFEM), it exchanged at N1,535/$, breaking key resistance levels in the Nigerian Autonomous Foreign Exchange Market.

    At the 2024 Chartered Institute of Bankers of Nigeria (CIBN) dinner on November 29 in Lagos, Central Bank Governor Olayemi Cardoso expressed optimism that the measures introduced under his administration would soon yield tangible benefits for Nigerians. Acknowledging the economic pressures from rising inflation and currency depreciation, Cardoso reassured that the CBN’s strategic interventions were designed to address these challenges head-on.

    Since assuming office in September 2023, Cardoso has focused on stabilising the exchange rate, curbing inflation, strengthening banks’ capital buffers, and fostering a business-friendly environment. To achieve these goals, the CBN has implemented key measures, including tightening liquidity conditions by raising the Monetary Policy Rate (MPR) by 850 basis points to 27.5% and the Cash Reserve Ratio (CRR) by 12.5 percentage points to 45%. Additionally, the Loan-to-Deposit Ratio (LDR) was reduced by 15 percentage points to 50%, allowing for better financial stability.

    These decisive steps have contributed significantly to the ongoing naira rally, with the local currency gaining strength across various market segments. The reforms are a testament to the CBN’s commitment to fostering a more resilient and sustainable financial ecosystem for Nigeria. This was followed by the apex bank’s pegging of the initial FX cash pulling for International Oil Companies (IOCs) at 50 per cent of available proceeds, while the remaining cash balance is only accessible after 90 days. The apex bank’s approved expenditure plans for the IOCs include settlement of Petroleum Profit Tax, royalty, domestic contractor invoices, cash call and domestic loan principal and interest payment. Other approved expenditure plans include transaction taxes- including Nigeria Content Development levy, education tax and forex sales at the Nigerian Foreign Exchange Market.

    The apex bank also rightsized the number of BDC operators to enhance regulation and re-commence periodic FX sales to them at a discounted rate. The CBN’s policy that limited PTA and BTA settlement to electronic channels to prevent round-tripping was also a masterstroke that supported the naira rally. Before now, many FX sold the travellers were in most cases, diverted to other uses. Besides, the CBN under Cardoso also initiated banking industry recapitalisation to strengthen capital buffers for banks and redefined Net Open Position ceiling for banks (25 per cent short and zero per cent long on foreign currency) to unlock FX liquidity.

    On recapitalisation of banks, Cardoso said: “This strategic move ensures that banks are well-capitalized, enabling them to take on greater risks, particularly in underserved markets. With stronger capital bases, banks can provide more loans and financial products to Micro Small and Medium Enterprises (MSMEs), rural communities, and other vulnerable segments that have previously struggled to access formal financial services”.

    Cardoso said the recapitalisation policy not only strengthens financial stability but also serves as a catalyst for inclusive growth. “By enabling banks to extend more credit to MSMEs, we enhance job creation and productivity. Furthermore, with increased capital, banks can invest in technology and innovation, crucial for driving digital financial services such as mobile money and agent banking. These technologies are key to breaking down geographic and economic barriers, bringing financial services to even the most remote areas,” he added.

    Views from other stakeholders

    Analysts at Commercio Partners said Nigeria’s financial landscape has seen significant developments with the CBN introducing revised guidelines to enhance transparency and governance in the foreign exchange market. These guidelines emphasize ethical practices, real-time reporting, and regulated interbank trading while mandating compliance from banks, dealers, and BDC operators. Separately, the naira has appreciated steadily, supported by increased dollar inflows and the launch of the EFEMS, which has boosted market confidence by facilitating transparent and efficient FX transactions.

    Managing Director, Afrinvest West Africa Limited, Ike Chioke said the recovery could be attributed to improved market confidence following the successful launch of the EFEMS designed to promote trading transparency. “Also, the liquidity supply boost provided by Nigeria’s successful pricing of $2.2 billion in Eurobonds earlier last week significantly boosted the exchange rate position against the dollar. We anticipate the Naira to regain more ground against the dollar this week, driven by aforementioned factors,” he said.

    Chioke, listed other key policies of the apex bank that supported naira rally as the clearance of the $7 billion FX backlog and resumed sales of Open Market Operation (OMO) bills to Foreign Portfolio Investors (FPIs) at market reflective rates. He said: “Besides, the CBN Removed limits on rates quoted by International Money Transfer Operators (IMTOs) to incentives using the official channel for FX settlement. Eliminated the N2 billion ceiling on allowable interest-bearing deposits by DMBs at the Standing Deposit Facility (SDF) window. The apex bank also committed the Nigeria National Petroleum Corporation Limited (NNPCL) to domicile a significant portion of revenue flows and other banking services with the CBN to enhance reserves accretion”.

    President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, said the move helped to ease pressure at the retail end of the FX market while applauding the extension of BDCs’ recapitalisation to June 3, 2025. He said: “The CBN is willing to partner with BDCs to ensure that the recapitalisation process is seamless. We are sending a message of unity, collaboration and opportunities to ABCON members to continue to strive to ensure they meet the new capital requirements.”

    Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, said the CBN’s decision to allow IOCs   operating in Nigeria to sale 50 per cent of bulk FX proceeds at domestic forex market helped in increasing forex availability in the market, thereby aiding in exchange rate stabilization. He had predicted rightly that the impact will be more pronounced towards the end of the year.

    Read Also: The CBN’s new Monetary Policy Rate

    Michael Adigun, a Lagos-based, entrepreneur, said that the stability in exchange rate has already started to have positive impact on the prices of goods and services. “For instance the price for international school fees has dropped by 10 per cent; cost of medical tourism reduced by 15 per cent and prices of air fares for local and international trips dipped by 15 per cent”. Another Abuja-based civil servant, Stevens Okoye  said: “The current developments in the foreign exchange market has started reigning in inflation as prices of most necessities are becoming relatively lower in the market. In a most serious note, the positive impacts include also heighten confidence of the public in the local currency as it eliminates currency substitution behaviour which hitherto being adding pressure on our local currency.”

    Okoye said what is needed is to continually support the CBN policies, to further attract more benefits to businesses and economy. Also, the easing of capital control measures, including the timely facilitation of over $9 billion principal capital & dividend outflows by qualified investors, and the reversal of the 2016 ban on access to FX in the official market for importers of 43 essential items headlined the multiple steps taken thus far by the CBN to restore foreign investor confidence and foster an environment conducive for businesses to thrive.

    Upon assuming office in October 2023, the apex bank leadership prioritised reforms to rebuild Nigeria’s economic buffers and strengthen resilience. Inflation, which had surged to 27 per cent, was one of the most pressing challenges, partly driven by excessive money supply growth. While the Gross Domestic Product (GDP) growth had stagnated at a meagre 1.8 per cent over the previous eight years, money supply expanded rapidly, averaging about 13 per cent growth annually. “This imbalance not only fuelled inflation but also contributed to a significant depreciation of the naira. As we all know, inflation creates uncertainty for households and businesses, acting as a silent tax by eroding purchasing power and driving up living costs,” Cardoso said.

    The apex bank boss revealed that the nation was also grappling with a fiscal crisis, marked by unsustainable deficit financing through the CBN’s Ways and Means advances, which had reached an unprecedented N22.7 trillion by 2023—equivalent to almost 11 per cent of the GDP. In addition, quasi-fiscal interventions by the CBN, totalling over N10 trillion, undermined market confidence and weakened the effectiveness of our policy tools. These actions shifted focus away from CBN’s primary responsibility—maintaining price stability. “They compromised transparency by bypassing essential oversight mechanisms, which are vital for accountability. Moreover, they strained monetary stability, contributing to inflationary pressures and market distortions,” he said.

    “Under my leadership, we have taken decisive steps to move away from these practices. We have ended years of fiscal deficits financed through CBN’s Ways and Means advances, reinforcing our commitment to price stability and promoting fiscal discipline,” Cardoso stated.

    Continuing, Cardoso said: “Our tight monetary policy stance has altered the previous dire trajectory, and we expect a downward trend in 2025. Inflation remains unacceptably high, but the signs are encouraging, particularly given that the full effects of monetary policy typically take six to nine months to impact the consumer sector. Our commitment is unwavering: we will prioritise price stability until its benefits are felt by every Nigerian.”

  • Relocating open drug marketers to CWCs for a healthier future

    Relocating open drug marketers to CWCs for a healthier future

    •Establishing Coordinated Wholesale Centres (CWCs) to replace Nigeria’s chaotic open drug markets is a crucial step towards improving public health and strengthening the healthcare system. By addressing unregulated drug distribution, this initiative aims to curb the circulation of substandard and falsified medicines, safeguarding the nation’s pharmaceutical sector

    To combat the growing menace of substandard and falsified (SF) medicines in Nigeria, the National Agency for Food and Drug Administration and Control (NAFDAC) and the Pharmacy Council of Nigeria (PCN) have taken a bold and significant step toward overhauling the country’s disorganised and chaotic drug distribution system. This transformative action is not only a pivotal moment in the reform of Nigeria’s pharmaceutical sector but also a decisive move in the fight against SF medicines, which have long posed a serious threat to public health. The disorderly nature of open drug markets, where counterfeit and substandard medications are often sold without regulation, has been a major contributor to the spread of these dangerous products across the country. This reform promises to address the root causes of the crisis, while safeguarding the health and well-being of all Nigerians.

    Speaking at a joint media briefing in Lagos on Tuesday, the Director-General of NAFDAC, Prof Mojisola Adeyeye, highlighted the ongoing challenge posed by open drug markets to regulatory agencies. She commended the relocation of Kano’s open drug market to a Coordinated Wholesale Centre (CWC), describing it as a benchmark for other states to emulate. The NAFDAC boss also emphasised that the CWC model offers a structured and regulated environment for the sale and distribution of pharmaceuticals, significantly reducing the risks associated with unregulated drug markets. “This milestone in Kano sets a precedent for how we can transform the pharmaceutical landscape across the country,” Adeyeye noted, urging other regions to adopt similar initiatives to ensure public health and safety.

    This effort culminated in a landmark court ruling in February 2024, which ordered open drug marketers in Kano to relocate their operations to the newly established Coordinated Wholesale Centre (CWC) in Dangwauro, Kano. This initiative, which has been endorsed by regulatory authorities and health experts, marks a critical turning point in Nigeria’s continued battle against the growing menace of SF medicines that have plagued the nation for decades.

    As a nation, Nigeria faces a profound challenge in its drug distribution system. The chaotic and unregulated nature of open drug markets, particularly in cities like Kano, Lagos, Onitsha, and Aba, has been a persistent concern for regulatory bodies like NAFDAC and PCN. The lack of proper oversight and structured distribution channels has led to the infiltration of substandard and falsified drugs into the market, with devastating consequences for public health. Substandard and falsified medicines are often ineffective, or worse, harmful, leading to treatment failures, prolonged illness, and even death. This situation, while a pressing issue for regulators, has also had far-reaching economic consequences, contributing to a healthcare system that struggles to meet the needs of Nigeria’s growing population.

    The decision to relocate drug marketers to a more controlled and regulated environment within the CWCs is a vital step in addressing these challenges. The Coordinated Wholesale Centres (CWC), designed as hubs for the centralised, regulated distribution of pharmaceutical products, have been identified as a crucial part of the National Drug Distribution Guidelines (NDDG). These centres aim to bring together all pharmaceutical stakeholders under a single regulatory framework, thus reducing the risks associated with unregulated distribution, while ensuring that medicines are stored, handled, and distributed in line with established safety and efficacy standards.

    Read Also: Group laments decline in reading culture among Nigerian youths

    “The chaotic drug distribution sys­tem in Nigeria and open drug markets have been a sore point to drug regulatory agencies, especially to NAFDAC. This disorderly chain of movement of medicine in the supply chain, from the manufacturer to the final consumer, is inimical to the efficacy of pharmaceutical products and is the primary cause of Substandard and Falsified (SF) medicines in circulation. The consequence of this is treatment failure or even death. Therefore, to make Nigerians healthier and reduce mortality, NAFDAC and our sister agency, PCN, must continue to fight against SFs.

    “The fight started decades ago when the Presidential Committee on Pharmaceutical Sector Reform (PCPSR), constituted in 2003, developed strategies towards the sanitisation of the drug dis­tribution system in Nigeria. The Coordinated Wholesale Centres (CWC), where the open marketers can be relocated for proper monitoring, is a product of the PCPSR. The Coordinating Minister of Health and Social Welfare, Prof Ali Pate, is one of the architects of CWC and in full support of the centres,” she said.

    At the joint press briefing, the Registrar of the Pharmacists Council of Nigeria (PCN), Pharm. Ibrahim Babasheu Ahmed, issued a stern directive to operators of open drug markets in Lagos, Onitsha, and Aba, urging them to prepare for relocation to the newly approved Coordinated Wholesale Centres (CWCs) in their respective cities as soon as the facilities are completed. The Registrar’s warning follows a landmark ruling by Justice Simon Amobeda of the Kano Federal High Court on February 16, 2024, which mandated the relocation of open drug marketers in Kano to the Dangwauro Coordinated Wholesale Centre. Pharm. Ahmed emphasised that once the CWC facilities in Lagos, Onitsha, and Aba are ready, open drug market operators will be required to move without delay. He added that no extensions or grace periods would be granted, underscoring the government’s commitment to ensuring a regulated and safer pharmaceutical distribution system across Nigeria.

    He described the Simon Amobeda rul­ing that ordered the movement of open drug marketers to Kano CWC as monumental because it would make the control of drug distribution better regulated and eliminate substandard medicines. “The continued fight against SFs to make our citizens healthier has been blessed by the judgment of Justice Amobeda. It is most significant for both NAFDAC and PCN because it shows the resolve of the two agencies to get rid of SFs in our markets and sets a good pathway toward attainment of Maturi­ty Level 4. In August 2024, an attempt was made to commission the market but the Director, Investigation and Enforcement (Chairman of Federal Task Force), Mo­hammed Shaba had meetings with sev­eral stakeholders.” The PCN Registrar also revealed that the council has stopped a move by the National Association of Patent and Proprietary Medicine Dealers to commission a Drug market in Dalar Gyada In Kano contrary to the Act establishing PCN.”

    The role of NAFDAC and PCN in regulating the pharmaceutical sector

    In Nigeria, NAFDAC and PCN are the two key regulatory agencies tasked with overseeing the distribution and sale of pharmaceutical products. NAFDAC’s mandate includes regulating the importation, exportation, distribution, advertisement, sale, and use of drugs, food, medical devices, and other regulated products. PCN, on the other hand, is responsible for regulating pharmacy practice and ensuring that pharmacists and other drug distributors comply with the laws that govern pharmaceutical sales and practices in Nigeria. Together, these agencies work in tandem to monitor and enforce compliance with the regulations, ensuring that the public is protected from the dangers of unregulated drugs.

    As stakeholders have canvassed over the years, the relocation of open drug markets to the CWCs will significantly enhance the ability of these agencies to enforce their mandates effectively. The CWC in Kano, the first of its kind in Nigeria, provides a controlled environment where medicines can be properly regulated, and where oversight from both NAFDAC and PCN is facilitated. In addition, the establishment of CWCs in Kano, Lagos, Aba, and Onitsha—four of the nation’s largest pharmaceutical trading hubs—represents a robust framework for regulating the drug distribution process across Nigeria.

    The CWC model has the potential to drastically reduce the number of substandard and falsified medicines in circulation. For NAFDAC, the ability to regulate the sale and distribution of medicines in these centralised locations will significantly reduce the chances of counterfeit products entering the market. In the past, drug dealers operating in unregulated open drug markets have circumvented the stringent checks that NAFDAC has attempted to enforce, often leading to the proliferation of SF medicines. The relocation of these dealers to the CWCs is expected to curb this problem by improving monitoring, enhancing traceability of pharmaceuticals, and fostering greater collaboration between regulatory bodies and the pharmaceutical industry.

    The ruling by Justice Simon Amobeda of the Federal High Court in Kano on February 16, 2024, represents a significant milestone in the fight against SF medicines. By ordering the relocation of open drug marketers to the CWC in Dangwauro, the court has reinforced the importance of regulatory oversight in Nigeria’s drug distribution system. The judgement not only validates the efforts of NAFDAC and PCN to control drug distribution but also sets a precedent for future enforcement actions in other major drug markets across the country. In response to the ruling, NAFDAC and PCN launched an enforcement action on February 17-18, 2024, sealing over 1,370 wholesale medicine outlets across three open drug markets in Kano—Sabon Gari, Malam Kato, and Mai Karami Plaza. These outlets, which had long been operating outside of regulatory control, were found to be major sources of SF medicines. The sealed outlets were given a deadline to relocate their businesses to the newly established CWC, marking a decisive step in the broader strategy to sanitise Nigeria’s pharmaceutical distribution system.

    This court ruling also sends a strong message to other drug marketers in Lagos, Onitsha, and Aba—cities where open drug markets have similarly contributed to the proliferation of SF medicines. It serves as a reminder that the days of unregulated drug distribution are numbered, and that the future of Nigeria’s pharmaceutical market lies in compliance with established regulations and participation in the CWC system. The relocation of drug distributors to the CWCs is a positive development for the health of Nigerians. By eliminating the unregulated drug markets, which have been hotbeds for substandard and falsified medicines, Nigeria is taking a significant step toward protecting the health of its citizens. As Prof Adeyeye has consistently emphasised, “A healthier nation is a wealthier nation.” The move to centralised, regulated drug distribution not only ensures that Nigerians receive medicines that are safe and effective, but it also fosters a stronger economy by improving public health outcomes.

    The benefits of a healthier population are manifold. Healthy citizens are more productive, experience fewer healthcare-related setbacks, and contribute more effectively to the economy. By tackling the root causes of substandard and falsified medicines, NAFDAC and PCN are not only saving lives but also creating an environment where the healthcare system can thrive. The success of the CWC initiative will serve as a model for other sectors in Nigeria, demonstrating the power of regulation and collaboration in driving positive change.

    However, the fight against substandard and falsified medicines is far from over. While the establishment of CWCs in Kano, Lagos, Onitsha, and Aba represents a critical step forward, much work remains to be done to fully eradicate the problem of SF medicines in Nigeria. The tiding is that the efforts of NAFDAC and PCN are supported by the Coordinating Minister of Health and Social Welfare, Prof Ali Pate, who has been a vocal advocate for the CWC initiative and the broader pharmaceutical sector reform.

    According Pate, the creation of the CWCs is part of a long-term strategy to ensure that Nigeria’s pharmaceutical distribution system is robust, transparent, and accountable. However, the successful implementation of this strategy will require continued cooperation between regulatory bodies, government agencies, and pharmaceutical stakeholders. NAFDAC, PCN, and other key partners must continue to work together to ensure that the CWCs operate efficiently and that compliance is strictly enforced. In addition, there is a need for ongoing education and awareness campaigns to help all stakeholders—especially the medicine distributors—understand the importance of adhering to the new regulations and embracing the CWC system.

    The Nigerian government’s commitment to building more CWCs in other key cities, as well as expanding the reach and capacity of existing centres, will be instrumental in the fight against SF medicines. The cooperation between NAFDAC, PCN, and other stakeholders, including state governments and local authorities, will be crucial in ensuring the success of this initiative and the continued improvement of Nigeria’s public health system.

  • Breaking the cycle of mother-to-child HIV transmission

    Breaking the cycle of mother-to-child HIV transmission

    •Nigeria has recorded remarkable progress in the fight against mother-to-child HIV transmission through expanded access to ART and improved testing and counselling during pregnancy. However, stigma, poor healthcare infrastructure and treatment gaps continue to hinder the country’s goal of eliminating paediatric HIV infections by 2030.

    The battle against HIV/AIDS has seen remarkable progress over the past few decades, yet one of the most pressing challenges remains the prevention of mother-to-child transmission (PMTCT) of the virus. The transmission of HIV from an HIV-positive mother to her child during pregnancy, childbirth, or breastfeeding has been one of the major contributors to paediatric HIV infections. However, with advancements in medical science and increased access to antiretroviral therapy (ART), the risk of MTCT has been dramatically reduced. Despite this progress, significant barriers still exist, particularly in low- and middle-income countries (LMICs), where access to healthcare remains uneven and stigma surrounding HIV is rampant.

    Globally, mother-to-child transmission of HIV accounts for approximately 90% of new HIV infections in children, making it one of the primary targets in the fight against the epidemic. According to the World Health Organisation (WHO), without any intervention, the risk of transmission is as high as 45%. Yet, with ART, early detection and safe delivery practices, this risk can be reduced to below 5%. In some cases, the risk of transmission has even been brought down to zero, a breakthrough that has given hope to millions of women living with HIV around the world.

    MTCT primarily occurs in three ways: during pregnancy through the placenta, during delivery through exposure to maternal blood and bodily fluids, and through breastfeeding. The latter remains a particularly significant source of transmission, especially in regions where access to safe alternatives to breast milk is limited. Experts say breastfeeding can account for up to 35% of paediatric HIV infections in high-prevalence areas, making it an essential area for intervention in the global fight against MTCT. The use of ART has dramatically reduced the transmission of HIV from mother to child, but it is not without its challenges. Studies have shown that when pregnant women with HIV begin treatment early and maintain an undetectable viral load, the likelihood of transmitting the virus to their child drops significantly. Furthermore, when ART is also provided to the infant after birth as post-exposure prophylaxis (PEP), this risk is further reduced.

    Despite these medical advancements, there are still several challenges to preventing MTCT. These include limited access to ART, low awareness and education levels about PMTCT among pregnant women, and the stigma associated with HIV, which often prevents women from seeking testing and treatment. The socio-economic barriers, such as poverty and lack of education, also contribute to the difficulties women face in accessing life-saving treatments.

    Nigeria’s HIV landscape: A high burden of MTCT

    Read Also: Ten visa-free countries Nigerians can visit for Christmas

    Nigeria, as the most populous country in Africa, carries a heavy burden of the HIV/AIDS epidemic. According to UNAIDS, Nigeria accounts for approximately 9% of the global burden of HIV, with an estimated 1.9 million people living with HIV in the country. In 2021, about 36,000 children were newly infected with HIV, most of them through mother-to-child transmission. The country is one of the 20 high-burden countries where most new paediatric HIV infections occur. The risk of MTCT in Nigeria remains a critical challenge despite global efforts to address the issue. A significant number of pregnant women living with HIV are still not receiving ART during pregnancy and childbirth. A major barrier to addressing MTCT in Nigeria is access to healthcare, especially in rural and underserved areas where health infrastructure is inadequate, and there is a shortage of trained healthcare providers. Additionally, the high levels of HIV-related stigma, coupled with misinformation, further complicate the situation. For many women, the fear of discrimination and rejection leads to delays in seeking HIV testing and treatment, which increases the risk of transmitting HIV to their children.

    Nigeria, through the National Agency for the Control of AIDS (NACA), has made significant strides in addressing HIV prevention, care, and treatment, particularly in preventing mother-to-child transmission. NACA has worked in collaboration with international organisations such as the United Nations Programme on HIV/AIDS (UNAIDS), UNICEF, and the World Health Organization (WHO), as well as local civil society organisations, to expand the reach of HIV services to pregnant women. According to Dr Temitope Ilori, Director-General of NACA, the Nigerian government, in line with WHO guidelines, has committed to eliminating mother-to-child transmission of HIV by 2030. This ambitious goal is part of Nigeria’s broader HIV/AIDS strategy, which includes increasing the number of pregnant women who are tested for HIV, improving ART coverage for HIV-positive mothers, and providing post-exposure prophylaxis (PEP) to infants born to HIV-positive mothers.

    One of NACA’s key initiatives has been the Prevention of Mother-to-Child Transmission (PMTCT) Programme, which aims to provide comprehensive HIV services to pregnant women. This includes HIV testing, counselling, the provision of ART, and safe delivery practices. By 2020, over 70% of HIV-positive pregnant women in Nigeria were receiving ART, a significant improvement from previous years. However, the challenge remains to ensure that the remaining women are also reached and provided with the necessary care. In addition to ART, NACA has worked with health ministries at the state level to improve the quality of antenatal care services. The agency also launched the National HIV Prevention Programme, which focuses on outreach campaigns to encourage more women to get tested and start ART early in pregnancy. In particular, the programme has targeted communities with high HIV prevalence and low access to healthcare, working to reduce the stigma associated with HIV and encouraging men and women to seek care together.

    Antiretroviral therapy (ART) is the key intervention in preventing mother-to-child HIV transmission (MTCT). In Nigeria, the government provides free ART to HIV-positive pregnant women in both public and private healthcare settings. ART suppresses the viral load, making the virus undetectable in the mother’s system when taken correctly, reducing the risk of transmission. The goal is for every HIV-positive pregnant woman to start ART early in pregnancy and continue throughout breastfeeding. While this strategy has reduced MTCT rates, challenges in ART access and adherence persist, especially in rural areas.

    NACA, in partnership with local and international stakeholders, has also implemented a nationwide HIV testing and counselling programme to detect HIV early in pregnancy. Early diagnosis is critical because it allows healthcare providers to initiate ART as soon as possible, thereby lowering the chances of MTCT. Despite these efforts, there remain significant barriers to the uptake of HIV testing, particularly in rural areas. Cultural beliefs, misinformation about HIV, and a persistent stigma around the disease are major obstacles. Many pregnant women fear the social ramifications of testing positive, which dissuades them from seeking HIV screening. NACA has expanded testing campaigns and created greater awareness about the importance of early detection, but the challenge of overcoming stigma remains a major hurdle.

    Another important intervention to reduce the risk of MTCT is preventing transmission through breastfeeding. In Nigeria, breastfeeding is common and culturally significant, but it also poses a significant risk of HIV transmission if the mother is living with the virus. The Nigerian government, following WHO guidelines, encourages HIV-positive mothers to exclusively breastfeed their infants for the first six months of life while on ART. ART has been shown to significantly reduce the likelihood of HIV transmission through breast milk, and breastfeeding also protects the child from other infectious diseases. However, the recommendation is complex in a country where access to safe alternatives to breast milk is limited, especially in rural areas where clean water and safe infant formula may not be readily available. Thus, the government’s strategy includes reinforcing the message that HIV-positive mothers on ART can safely breastfeed, balancing the need for infant nutrition with the goal of reducing MTCT.

    A critical element in Nigeria’s strategy is community engagement and awareness campaigns. NACA and other stakeholders, including non-governmental organisations (NGOs) like the Society for Family Health (SFH), have invested heavily in reaching out to communities through health education programmes. These programmes aim to reduce the stigma surrounding HIV and encourage more pregnant women to get tested and seek treatment. Peer educators, community health workers, and media campaigns are used to disseminate information about the benefits of early HIV testing, ART, and the importance of adherence to treatment throughout pregnancy and the breastfeeding period. Through these community-based initiatives, the government seeks to normalise HIV testing and treatment, making it part of routine antenatal care and encouraging men and women alike to seek HIV services.

    In addition to these preventive measures, post-exposure prophylaxis (PEP) for infants born to HIV-positive mothers plays a crucial role in preventing MTCT. PEP involves giving newborns a short course of ART for the first six weeks of life, which reduces the likelihood of HIV infection in the child. This intervention is especially important in situations where the mother may not have received full ART coverage during pregnancy or childbirth. PEP has proven highly effective in preventing HIV transmission, and its use is recommended by both the Nigerian government and international health agencies like WHO. However, ensuring that all HIV-positive mothers have access to PEP for their infants remains a challenge, particularly in areas where healthcare access is limited.

    To address this, NACA has collaborated with international donors to expand services to hard-to-reach areas, ensuring that more pregnant women have access to HIV testing, ART, and post-natal care. The government has also sought to improve the availability of skilled birth attendants and reduce maternal and child mortality associated with HIV. However, much more needs to be done to make healthcare accessible to all, regardless of location or income level. Despite the success of these interventions, Nigeria still faces considerable challenges in its fight against MTCT. HIV-related stigma continues to be a significant barrier that prevents many women from seeking care. Even though there have been efforts to reduce the stigma through community engagement and media campaigns, the social consequences of disclosing an HIV-positive status—ranging from fear of rejection to discrimination—remain powerful deterrents for women. In some cases, this stigma extends to healthcare providers themselves, who may be reluctant to offer adequate care to HIV-positive patients. This creates a cycle where women avoid seeking HIV testing and treatment, thereby increasing the risk of MTCT.

    Additionally, while ART access has expanded in Nigeria, there are still gaps in the availability and consistency of care. Despite free ART programmes, many women in rural areas struggle to access medications due to infrastructure deficiencies and transportation challenges. Even when ART is available, adherence to treatment is an ongoing concern, especially after childbirth. Some women discontinue ART after delivery, leaving them and their children vulnerable to HIV transmission through breastfeeding or other means. The path to eliminating mother-to-child transmission of HIV in Nigeria by 2030, as envisioned by global health bodies and the Nigerian government, is fraught with challenges but also marked by significant progress. Achieving this goal requires further expansion of ART access, improved healthcare infrastructure, and ongoing efforts to tackle stigma. Increasing awareness through education campaigns, improving the availability of healthcare workers, and ensuring that both mothers and infants continue to receive the care they need after delivery are all essential components of this strategy.

    If Nigeria is to achieve its goal of eliminating MTCT by 2030, the government must continue to prioritise HIV prevention efforts and address the systemic barriers that prevent women from accessing the care  they need. Sustained investment in healthcare, coupled with community-based outreach and greater focus on post-natal care, will be essential in moving towards a future where no child is born with HIV. With continued commitment from government agencies, international partners, and local communities, Nigeria can break the cycle of HIV transmission and build a future free from paediatric HIV infections.

  • Port Harcourt Refinery take-off excites petrol marketers, TUC, Arewa youths

    Port Harcourt Refinery take-off excites petrol marketers, TUC, Arewa youths

    Independent Petroleum Marketers Association of Nigeria (PMAN), National President Abubakar Maigandi has expressed satisfaction with the takeoff of the Port Harcourt  Refinery in Delta State.

     In a telephone interview with The Nation, Maigandi,   said with the development, the gains of deregulation were about to kick in.

    “The Port Harcourt Refinery is a game changer that will bring about the positive side of deregulation. As you can see,the prices of petrol sold at some IPMAN stations are cheaper than what is sold at NNPCL stations.

    “Also, with the refinery starting operation and also that of Dangote both working side by side, the country has no more need to import petrol. So it is a positive development,” he said.

    According to him, IPMAN is ready to load petrol from the refinery if given the chance,  but it will also be a function of the price it is sold.

    “We as IPMAN are ready to load from the refinery if the price is right. This is where competition comes in and that is good for the Nigerian people. It is a good time for Nigeria and better days are just ahead for Nigerians. With this competition, prices of petrol will be forced down. Remember that CNG is also available now. So Nigerians will be the better for it,” Maigandi said.

    PHRC will trigger competition, say marketers

    The Petroleum Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN)  said the refinery’s operation would trigger competition in the oil industry..

    This was contained in a statement by its National Public Relations Officer Joseph Obele.

     PETROAN said, “We express optimism that the commencement of production at the Port Harcourt refinery will usher in job opportunities, boost the economy and trigger competition at the downstream sector which will invariably reflect significantly to a price downward review.”

    The association described the development as a succor to the economy.

    It also  thanked President   Tinubu, and Kyari  for   demonstrating   leadership skills and commitment to seeing the facility come back to life

    The statement reads in part: “PETROAN reaffirms her commitment to synergizing with the management of NNPC Retail and other stakeholders in ensuring that products lifted at the Port Harcourt refinery depot are well distributed to all the nooks and crannies of the nation at the right time with the right price.

    “Furthermore, we appreciate members of the host communities for the peaceful  cooperation given during the rehabilitation even as we call on the management of RCC handling the East-West Road to ensure speedy completion of the Eleme East-West Road for  smooth  movement of trucks carrying petroleum products.”

    Begin work on Warri, Kaduna  refineries, TUC tasks Fed Govt

    The Trade Union Congress (TUC)  commended the Federal Government for the smooth take-off of the  refinery after its repair.

    It said with the return of life to the facility in Rivers State, the   Federal Government should shift attention to the two refineries in Warri, Delta State, and Kaduna, Kaduna State.

    The union’s President Festus Osifo said this after their National Executive Council meeting in Abuja yesterday.

    Osifo said Port Harcourt, Warri, Kaduna, and the new PH refineries can produce 400, 000 barrels of crude oil per day.

    He said when all the refineries come on stream, they would eliminate monopoly and inject competition into the downstream sector of the oil and gas industry.

    Osifo said: “We have heard reports that the Port Harcourt refinery has resumed processing crude, but we are working to validate this claim.

    “But beyond the old Port Harcourt Refinery, we want the government to also revisit or to expedite work in other refineries. Warri refineries, Kaduna refineries, and the new PH Refineries. Those four refineries combined are holding close to 400,000 barrels of crude production per day.

    “So we call on the government to expedite action on all these refineries. Because it will eliminate monopoly and it will bring a system of competition into the downstream sector of the oil and gas industry.”

    AYCF commends Fed Govt, NNPCL

    The Arewa Youth Consultative Forum (AYCF congratulated the Federal Government and the Nigeria National Petroleum Company Ltd (NNPCL) for reviving the refinery.

    AYCF, in a statement by its President-General Yerima Shettima, said the achievement heralds a new era of growth, sustainability in the petroleum industry, and hope for Nigerians.

      The statement partly reads: “The recent commencement of crude oil processing at the Port Harcourt Refinery, with an impressive installed production capacity of 60,000 barrels per day, represents a significant milestone in our collective journey towards self-sufficiency in petroleum products.

    “The refinery’s capacity to load 200 trucks daily with locally refined products is a testament to the dedication and commitment of the Federal Government and the NNPC in revitalising critical national infrastructure that has long been dormant”.

    The group noted that for years, the refinery which once stood as a symbol of Nigeria’s potential in the oil sector faced many challenges that impeded its operational efficiency.

    It stated that its revival was not merely an operational success, but a beacon of hope that demonstrates what can be achieved when vision, determination, and strategic planning converge.

    The AYCF said it recognised the tireless efforts of the Federal Government and the NNPCL in overcoming the obstacles that hindered the refinery’s functionality.

    It added:  ‘’We commend their unwavering resolve in bringing this vital asset back to life.

    “The implications of this development extend far beyond the immediate benefits of increased local production. With the refinery now operational, Nigeria is poised to reduce its reliance on imported petroleum products, a move that will enhance our economic sovereignty and contribute to the stabilization of fuel prices across the nation.

    “This is particularly crucial in light of the global fluctuations in oil prices and the economic challenges that many Nigerians have faced in recent years. Furthermore, the revival of the Port Harcourt Refinery is expected to create numerous job opportunities for our youth, thereby addressing the pressing issue of unemployment that has plagued our nation”.

     The  AYCF called on all stakeholders in the oil and gas sector to collaborate and ensure that operations at the facility ran seamlessly.

      ‘’It is imperative that we foster a collaborative approach that encourages innovation, investment, and transparency within the industry. We urge the Federal Government and the NNPCL to continue engaging with local communities and stakeholders to ensure that the benefits of the refinery’s revival are felt across all strata of society.

    “The  AYCF once again commends the Federal Government and the NNPC under the leadership of Mele Kyari for their remarkable efforts in reviving the refinery. We look forward to witnessing the positive impact this development will have on our economy, our youth, and the future of our great nation.”

    Ex-Ijaw youths  leader lauds Tinubu, wants petrol price reduced

    A former President of the Ijaw Youths Council (IYC) Worldwide, Udengs Eradiri,  said the revival of the refinery was an indication that President Bola Tinubu’s reforms were working.

    Read Also: Activation of Port Harcourt Refinery: A game changer for petroleum industry

    Eradiri said with the  news, Tinubu should give Nigerians Christmas gift  by ordering  the reduction of the price  of petroleum products 

    He asked ministers and other presidential aides to stop putting timelines on the reforms of the President because many failed deadlines almost dented the image and good intentions of the President.

    He said: “I want to commend President Tinubu for his reforms. Clearly, things are beginning to take shape. Unfortunately, we have a system where ministers begin to give timelines on reforms knowing fully well that there are factors they cannot control. I suggest that ministers should keep quiet on timelines. 

    “I rejoice with Nigerians. I want to say that now is the time to reduce the cost of petroleum products since they are being refined in Nigeria. No OPEC(Organisation of Petroleum Exporting Countries)  nation should begin to dictate how much we should sell our products.

      ‘’Once we reduce petrol price,   the prices of commodities will come down. The President can reduce the fuel prices as a Christmas gift to Nigerians. This is an opportunity for the President to redeem some of the negatives ascribed to him because of the high cost of living.’’

    Expert, social commentator welcome development

    An energy analyst, Danladi Aminu, and social commentator Mayowa Sodipo described the development as a reflection of the government’s commitment to ensuring energy self-sufficiency for the country.

    Aminu, who is the chief executive officer of Swii Energy Resources, said: ‘’It is a milestone and a game-changer for Nigeria.

    ‘’This development has the potential to stabilise fuel supply, reduce the cost of petrol for ordinary Nigerians, and enhance our balance of trade. Beyond that, it showcases the government’s determination to revamp critical infrastructure.”

    To Sodipo, the good news  ‘’is  not just the reopening of a refinery but  a monumental step towards securing our energy future.”   “

    He said: ‘’The vision is to ensure that every Nigerian benefits from the vast oil and gas resources. This refinery will reduce the dependence on imported petroleum products, save foreign exchange, and create jobs across the value chain.

  • Strengthening health sector resilience amid climate change crisis

    Strengthening health sector resilience amid climate change crisis

    Climate change is an indiscriminate force, disrupting weather patterns, threatening agriculture, and increasingly impacting public health. Nigeria, with a population of over 200 million, stands at a critical crossroads. Rising temperatures, erratic rainfall, and the spread of diseases are already affecting the nation’s health. Associate Editor ADEKUNLE YUSUF and EMMANUEL CHIDI-MAHA report on Nigeria’s efforts to adapt to the reality of climate change while strengthening its healthcare system to tackle future challenges.

    At the heart of Nigeria’s approach to climate and health lies the Nigeria Climate Change and Health Vulnerability and Adaptation Assessment Report (VNA). Unveiled during the recent multi-stakeholder annual review in the health sector, the report, presented by Prof Muhammad Ali Pate, Minister of Health and Social Welfare, is a groundbreaking document that aims to guide the nation’s health policy in light of the growing climate crisis. With this report, Nigeria has positioned itself as one of the nations willing not only to confront the challenges of climate change head-on but also to provide the data and strategies necessary to mitigate its adverse effects on public health.

    “Under the able leadership of His Excellency President Bola Ahmed Tinubu, Nigeria is taking action on climate issues across multiple sectors, including the health and social welfare sector. The Nigeria Climate Change and Health Vulnerability and Adaptation Assessment Report provides essential insights into the impact of climate change on health across Nigeria. By identifying climate-related health risks, the report supports the creation of a resilient health system capable of addressing the challenges posed by a changing environment. We recognise that surveillance and effective data sourcing and sharing are critical to this, as well as to many other efforts in our sector,” Prof Pate said.

    The VNA offers a sobering look at how climate change is already altering Nigeria’s health landscape. It details how rising temperatures and unpredictable rainfall patterns are contributing to a rise in vector-borne diseases like malaria and cholera. The report also discusses how extreme weather events, such as floods and heatwaves, exacerbate existing health issues, placing even more strain on the country’s already overstretched healthcare system. Nigeria’s health system has long struggled with poor infrastructure, insufficient funding, and gaps in critical data, but climate change compounds these issues by introducing new, unpredictable health risks that require swift and effective responses. The VNA serves as a vital roadmap for building a healthcare system that can adapt to these environmental challenges while ensuring the well-being of all Nigerians, especially the most vulnerable populations.

    One of the key insights from the VNA report is the critical importance of robust health data systems. The lack of timely, accurate health data in Nigeria has long been a significant barrier to effective health planning and decision-making. For years, the country has struggled with outdated and incomplete health data, which hinders efforts to address the most pressing health challenges and implement effective public health strategies. Recognising this, the Nigerian government has launched an ambitious effort to fill these gaps in health data by establishing a new expert working group. This group is tasked with conducting regular health mini-surveys, designed to bridge the five-year gap between the National Demographic and Health Surveys (NDHS). With more frequent and detailed surveys, the expert working group will be able to generate real-time data that is crucial for monitoring trends, identifying emerging health threats, and ensuring that healthcare responses are timely and effective.

    “It is through the provision of timely and reliable data that the expert working group will empower us to track our progress and address emerging health threats. The GI is a testament to our collective commitment to building a health system that is transparent, accountable, responsive, and resilient. The Nigeria Health Sector Regional Investment Initiative has taken a momentous step forward, reinforcing our administration’s commitment to strengthening healthcare infrastructure.

    “This vital partnership represents a strategic alignment of public and private sector resources to address some of the most pressing challenges facing our nation. For the first time in history, our nation will benefit from a large-scale investment in advanced cancer treatment infrastructure. By combining cutting-edge technology with skilled personnel, this partnership embodies Mr. President’s vision under the NHSRII for a healthcare system that meets the highest standards of excellence. We are building a resilient healthcare system that will serve all Nigerians.

    “As our determined leader, President Tinubu works assiduously to create new economic opportunities for Nigerians. Truly, the importance of the joint annual review cannot be overstated. More than a review process, it is a testament to our collective commitment to building a health system that is transparent, accountable, responsive, and resilient. The expert working group will implement regular health mini-surveys, bridging the current five-year gap in data collection from the National Demographic and Health Survey (NDHS),” said Pate.

    This shift towards more frequent and accurate data collection is a vital move for Nigeria. The ability to track health indicators in real time will allow for the early detection of public health crises, such as disease outbreaks or rising mortality rates, and will ensure that resources are allocated efficiently. As the country deals with the impacts of climate change, the need for dynamic, data-driven decision-making is more critical than ever. With timely and accurate data, Nigeria can not only monitor the progress of its health programmes but also adapt quickly to the changing health landscape influenced by climate change.

    Public-private partnerships in cancer care

    In addition to bolstering health data systems, Nigeria is making significant strides in strengthening its healthcare infrastructure, particularly in the area of cancer treatment. Cancer has become one of the most devastating health challenges in Nigeria, with many families struggling to access timely and affordable care due to a lack of specialised treatment facilities and medical equipment. The country has long faced an urgent need for advanced cancer care facilities, and the government has moved decisively to address this gap through strategic partnerships with the private sector.

    A game-changing moment in this effort came with the signing of the Sales and Purchase Agreement between the Nigeria Sovereign Investment Authority (NSIA) and Siemens Healthineers. This agreement marks the beginning of a massive investment in cancer treatment infrastructure, including the construction of state-of-the-art cancer treatment centres across the country. For Nigeria, this partnership is a landmark achievement. For the first time in the country’s history, the government has secured a commitment to provide large-scale investments in cancer care, a development that will transform the lives of thousands of Nigerians who have been unable to access necessary treatment. This partnership is not just about providing cutting-edge equipment; it is about creating a sustainable cancer care ecosystem in the country—one that combines advanced technology with highly trained medical professionals who can operate the equipment effectively.

    The opening of the first cancer treatment facilities, expected in mid-2025, will offer comprehensive cancer care services, including diagnostics, chemotherapy, radiotherapy, and surgery. This initiative is set to improve the quality of life for cancer patients across Nigeria, who often have to seek treatment abroad due to the lack of specialised healthcare infrastructure at home. The agreement also includes a training component, with Siemens Healthineers committing to extensive training programmes for Nigerian medical professionals. This investment in human capital is critical to ensuring that the healthcare workers who will operate the new equipment are fully equipped to deliver world-class care. Siemens Healthineers has also generously offered a 30% discount on the equipment, which will make cancer treatment more affordable and accessible for Nigerians.

    Read Also: Tinubu to declare open 10th National Industrial Summit in Ilorin

    “By intensively narrowing time frequencies and implementing more dedicated approaches to enhancing data accuracy, it is through the provision of timely and reliable data that we will empower ourselves to track progress and address emerging health threats. This initiative is designed to ensure that the new equipment will be supported by a well-trained, capable workforce so that treatment can commence from the day these facilities are ready.”

    “The partnership embodies Mr. President’s vision under the NHSRII for a healthcare system that meets the highest standards of excellence and addresses the real needs of the Nigerian people. We commend the leadership of Mr. Aminu Umar Sadiq, the Managing Director of NSIA, whose commitment, along with his team, has been instrumental in advancing this project.

    “We are also grateful for the collaborative contribution from institutions such as the National Institute for Cancer Research and Treatment (NICRAD) and our federal universities’ young hospitals, whose involvement has helped ensure that this project is closely aligned with Nigeria’s healthcare priorities. With the promise and ardent support of Mr. President, the dedication of our partners, and the unwavering support of all stakeholders, we are building a resilient healthcare system that will serve all Nigerians,” he said.

    The cancer care initiative is just one example of how Nigeria is leveraging public-private partnerships to create a more resilient healthcare system. By aligning the resources and expertise of both the public and private sectors, Nigeria is building a healthcare infrastructure that will not only meet the needs of today’s population but also be prepared for the challenges of tomorrow. In addition to Siemens Healthineers, the Nigerian government has engaged key institutions such as the National Institute for Cancer Research and Treatment (NICRAD) and various federal university hospitals in the development of these new cancer treat ment centres. These institutions will play an important role in ensuring that the facilities are well-integrated into the country’s healthcare priorities and that the care provided is aligned with the latest medical standards.

    This collaborative approach—bringing together governmental bodies, international partners, and local healthcare institutions—demonstrates the effectiveness of a multi-sector approach to health system strengthening. It is a clear indication that Nigeria is committed to creating a healthcare system that is resilient, sustainable, and capable of meeting the needs of all Nigerians. “This investment in advanced cancer treatment infrastructure marks the first time in history that Nigeria will benefit from such large-scale, transformative healthcare advancements. Through this collaboration, we are combining cutting-edge technology with skilled personnel to ensure that Nigerians receive timely, high-quality care, especially in cancer treatment.

     “We recognise and appreciate the extraordinary commitment of Siemens Healthineers and the generous discount they have provided, along with their extensive training programmes for our healthcare professionals. We remain optimistic about Nigeria’s healthcare future, and with the support of our partners and stakeholders, we are building a resilient health system that will benefit every Nigerian,” Pate enthused.

  • How the fintech boom is revolutionising financial inclusion

    How the fintech boom is revolutionising financial inclusion

    In recent years, Nigeria’s fintech sector has evolved at a rapid pace, introducing innovative digital solutions that are transforming the landscape of financial transactions. These fintech companies have disrupted traditional banking by offering convenient, user-friendly platforms that enable seamless transactions for both individuals and businesses. With the rise of Point-of-Sale (PoS) systems and digital payment platforms, many Nigerians, including those in rural areas, have gained easier access to financial services. ALAO ABIODUN explores how fintech companies are emerging as formidable rivals to Nigeria’s traditional banks

    For 42-year-old Mrs. Kemisola Akano, a market seller in the Ikotun area of Lagos State, partnering with a fintech firm, Moniepoint, has transformed her business operations. “Before now, I faced constant challenges receiving payments from customers. Some would make fake transfers, while others struggled with transferring to my regular account. Since I got Moniepoint’s point-of-sale (POS) machine, my business transactions have been seamless,” she said with relief.

    Her experience underscores the vital role fintech firms play in bridging financial gaps, particularly during a period of banking network disruptions. Since September, bank customers across Nigeria have faced difficulties accessing their funds and completing transactions due to persistent outages in core banking applications. Frustrated customers have expressed how these disruptions have not only hindered their activities but also eroded trust in traditional banking institutions, which many see as the cornerstone of financial stability.

    Fintech firms like Moniepoint, however, have stepped in to fill the void. With a network of agents nationwide, these companies are reshaping financial inclusion by offering accessible and affordable services to the unbanked and underbanked population. Digital banking, often described as traditional banking in a digital form, has struggled to meet the expectations of customers due to inconsistent service delivery. In contrast, fintechs have thrived by leveraging innovative technology and a decentralised model to meet the needs of everyday Nigerians like Mrs. Akano.

    While banks struggled to adapt to the naira redesign and related pressures, fintech companies experienced a surge in demand, as many Nigerians turned to them for daily transactions. Checks by The Nation reveal that Sterling Bank was among the first to experience prolonged downtime, which began in September and reportedly lasted over five days. The disruption followed the bank’s switch from its T24 core banking application to SEABaaS, a platform developed specifically for the African market by Peerless. Sterling touted SEABaaS as a tailored solution, but the transition came with significant challenges.

    Other banks soon faced similar hurdles. GTBank transitioned from Basis/Banks software to Finacle in September, following a decision made in September 2023. Zenith Bank also upgraded its core banking system, moving from Phoenix to Flexcube. Initially, Zenith Bank assured customers that its downtime would be brief, spanning just five hours on September 29 for “routine maintenance.” However, users reported prolonged issues. Access Bank followed suit with a scheduled downtime from October 12 at 10 PM to October 13 at 6:30 AM. The bank announced that the interruptions, which impacted services like the Access More app, internet banking, and ATMs, were part of a comprehensive system upgrade to enhance functionality.

    These transitions, while aimed at improving operational efficiency, left customers frustrated, eroding trust in traditional banks. The situation created an opportunity for fintech firms to step in, offering more reliable and accessible services. As banks grappled with outages, fintechs thrived, consolidating their role as essential players in Nigeria’s evolving financial landscape. Amid the banking downtime, many Nigerians turned to fintech platforms like OPay, PalmPay, and Moniepoint for their financial transactions. OPay, owned by Chinese billionaire Yahui Zhou through Opera, has emerged as a popular alternative for money transfers and bill payments, particularly during periods of cash shortages.

    The fintech sector in Nigeria has experienced explosive growth, with increasing investments aimed at expanding service offerings. These platforms have gained traction with the country’s youth, tech-savvy individuals, and even older adults using internet-enabled smartphones. However, in an era of rising internet fraud and online scams, experts warn of the risks associated with relying entirely on digital banks and fintech solutions.

    For many Nigerians, fintechs are seen as “life-savers.” Business owners and Point of Sale (POS) operators, in particular, rely on these platforms for seamless transaction processing where banks often falter. Among them, Moniepoint has garnered significant attention following a $110 million Series C investment led by Development Partners International’s ADP III fund, alongside Google’s Africa Investment Fund and Verod Capital. This investment, which valued Moniepoint at $1 billion, solidified its unicorn status. Moniepoint, founded by Tosin Eniolorunda and Felix Ike in 2015 as TeamApt, initially built software for traditional banks. By 2019, it secured a licence for agency banking, allowing it to bridge gaps between banks and customers. The platform has since grown exponentially, handling 5.2 billion transactions worth over $150 billion in 2023. By early 2024, Moniepoint had onboarded 2.3 million businesses using its payment machines.

    With its new funding, Moniepoint aims to accelerate its pan-African expansion, creating an integrated platform for businesses across the continent. The platform’s success highlights the vital role fintechs play in providing reliable alternatives and enhancing financial inclusion in Nigeria. In June 2023, Moniepoint ranked as Nigeria’s second-largest player in the point-of-sale (POS) agent network, holding a 20% market share. Its closest competitor, the Chinese-owned fintech OPay, backed by SoftBank Vision Fund and Sequoia Capital China, led the market with a 37% share, according to the Nigerian Financial Services Report.

    Despite being a runner-up in POS dominance, Moniepoint has aggressively expanded its offerings. In August 2023, it entered the personal banking market, achieving a staggering 2,000% growth in personal finance customers over the past year. Its revenue growth has also been impressive, with a compound annual growth rate (CAGR) exceeding 150% in recent years. Currently, Moniepoint processes over 800 million transactions monthly, with a total value surpassing $17 billion. This rapid growth and consistent performance have solidified its position as one of Africa’s leading fintech companies.

    Explaining the investment appeal of Moniepoint, Adefolarin Ogunsanya, Partner at Development Partners International, described it as one of Africa’s most exciting and fastest-growing firms. “Moniepoint is well positioned to continue its impressive growth trajectory while driving financial inclusion for underserved businesses and individuals across Africa. DPI has a long-track record of supporting businesses like Moniepoint to achieve their next stage of scale.

    “The company’s combination of innovative technology, fast growth, and positive impact on the continent underpins our conviction in its future success. We look forward to working closely with Tosin and his talented team to expand Moniepoint’s customer base by providing businesses and individuals with first-class banking and payments services,” Ogunsanya stated.

    Fintech companies in Nigeria have gained significant traction by offering user-friendly apps that provide a wide range of services, including loans, savings, investments, and seamless financial transactions. This growth has been particularly notable during periods of economic stress, such as the recent naira redesign and cash shortages, which pushed many Nigerians toward alternative financial platforms.

    The competition within Nigeria’s fintech market has intensified as consumers are presented with a growing number of options. Start-ups are vying for customer loyalty through innovative solutions and enhanced user experiences. According to a McKinsey & Company report, Africa’s fintech industry is rapidly expanding despite political and economic challenges, with the sector’s revenue expected to reach $230 billion by 2025. These companies are increasingly dominating the financial services landscape by offering accessible and efficient payment solutions.

    An analysis of fintech app performance on the Google Play Store highlights their rising popularity. Unlike Nigeria’s commercial banks, none of which have surpassed 10 million downloads, fintech apps are attracting a significant user base. This suggests a shift in consumer preference toward fintech platforms as they address gaps in traditional banking services and cater to the evolving needs of customers.

    As of November 2024, several fintech apps in Nigeria have recorded impressive download numbers on the Google Play Store, reflecting their popularity and adoption among users. These include Moniepoint, which has achieved over 5 million downloads, and Paga, with over 1 million downloads. Piggyvest, another favourite, also boasts more than 1 million downloads, while Carbon and Kuda each have over 5 million downloads. Other notable apps include Okash, Palmcredit, PalmPay, Fairmoney, and OPay, each with over 10 million downloads, showcasing their dominance in the sector. JumiaPay and Smartcash PSB have similarly garnered significant traction, each crossing the 5 million download mark. Renmoney, a financial services platform, has achieved over 1 million downloads.

    In June 2024, the Central Bank of Nigeria (CBN) lifted the restriction on new account openings for OPay, Moniepoint, Kuda, PalmPay, and Paga. This decision followed an earlier directive in April 2024, where the CBN had instructed these five fintech firms to pause onboarding new customers. The temporary suspension was part of a broader initiative to address fraud and ensure stricter compliance within the rapidly growing fintech industry.

    “It is imperative to reiterate that OPay strictly adheres to the approved KYC verification processes and urges our esteemed customers to ensure that the due verification processes are followed for all accounts and all requirements are completely fulfilled,” a statement on OPay’s social media handles read.

    Lifting the ban could be linked to the fintechs satisfying KYC standards required by the CBN. The CBN froze 1,146 bank accounts linked to unauthorised forex transactions. In May, the neobanks met with the National Security Adviser (NSA), the Economic and Financial Crimes Commission (EFCC), and the CBN to discuss lifting the ban on new customer onboarding. Authorities mandated the neobanks to restrict peer-to-peer crypto transactions. They were also instructed to update customer details and require bank verification or national identity numbers for all tiered accounts.

    Stream of investments into fintech sector

    The National Bureau of Statistics reports that Nigeria’s banking sector contributed 16.36% to the nation’s real GDP in Q2 2024, up from 2.98% in Q1. The sector faces increasing competition with recent payment-service banking licences granted to MTN Nigeria and Airtel Africa, joining Globacom’s Money Master and 9Mobile’s 9PSB. This positions all four major telecom operators to offer banking services, further transforming the financial landscape.

    Fintech start-ups have fuelled growth in alternative lending, offering investors higher yields and borrowers faster, cheaper loans. Companies like Carbon and Branch provide lower interest rates by avoiding the operational costs of traditional banks. Among the standout players is Flutterwave, valued at $3 billion, making it Nigeria’s most prominent payment company. Founded in 2016 by Olugbenga Agboola and Iyinoluwa Aboyeji, Flutterwave facilitates online payments for merchants and businesses, attracting global investors like Visa and securing a $250 million investment in 2021 to expand its African footprint.

    Despite rapid growth, Nigeria’s fintech sector grapples with challenges, including regulatory barriers, ambiguous policies, public mistrust, and a lack of understanding of e-commerce and fintech by regulators. Fraud and low digital literacy further undermine the sector’s potential, hindering its ability to match the advancements seen in developed economies.

    In January 2017, the Central Bank of Nigeria (CBN) issued a circular declaring virtual currencies, including cryptocurrency, as non-legal tender in Nigeria. Banks and financial institutions were warned that any transactions involving cryptocurrency would be at their own risk. In February 2021, the CBN intensified its stance by directing all financial institutions to cease holding cryptocurrency or facilitating payments with it. The directive further instructed banks to identify and close accounts of customers engaged in cryptocurrency transactions. These stringent regulations have significantly impeded the growth of cryptocurrency in Nigeria.

    Despite these challenges, Nigeria’s fintech sector has continued to attract substantial funding. Between 2014 and 2019, the industry raised over $600 million. Notable successes include Kuda Technologies, a mobile-first bank in Nigeria, which secured $25 million in Series A funding led by Valar Ventures. Flutterwave, a payment platform, achieved unicorn status in 2021 after raising $170 million in Series C funding, valuing the company at over $1 billion. The funding, led by Avenir Growth Capital and Tiger Global, helped Flutterwave expand its global reach. Its partnership with PayPal now allows international customers to pay African merchants, bridging gaps in cross-border transactions. Regulated by the US Securities and Exchange Commission, Flutterwave is also exploring a listing on the New York Stock Exchange.

    In terms of consolidation, the Nigerian fintech space made history in October 2020 when Lagos-based payment platform Paystack was acquired by US payment giant Stripe in a landmark $200 million deal. This acquisition remains one of the largest in Africa’s fintech history, showcasing the sector’s potential despite regulatory hurdles.

    Why Gen Z, others age brackets are embracing fintech apps

    Currently, 17 companies in Nigeria are licensed by the Central Bank of Nigeria (CBN) as Mobile Money Operators, though the broader fintech sector boasts over 200 companies. These mobile money operators, often referred to as fintechs, have become a significant part of Nigeria’s financial landscape. For instance, All Adeyinka, a University of Lagos student, was able to complete a transaction at a vendor on campus simply by downloading the OPay app. After signing up and verifying his phone number, Adeyinka could choose the ‘verify account’ option, input any bank account number along with a random address, local government area, and state, and instantly create an account. “Using OPay has saved me a lot,” Adeyinka explained. “When my main bank app is down or experiencing interruptions, I just use the alternative, and it has helped me many times.”

    Similarly, Kemisola Akijyemi, a young entrepreneur, described fintech apps as ‘life savers,’ especially when other banking options are unavailable or unreliable. These platforms offer convenience, helping users navigate banking challenges with ease. “For me, since Moniepoint became a top choice for me and I also have the PoS, it has helped to ease my financial transactions. I prefer to stick with the other ones because everything goes smoothly in no time because this is business. Although I have my bank app for personal use, I have their time when things go south.”

    Mr. Hassan, a POS operator, shared that many Gen Z users now prefer conducting money transfers through fintech platforms rather than traditional banks, citing their convenience and ease of use. However, Mama Rukayat, a food vendor, expressed hesitation about fully embracing fintech services. Despite having accounts with several conventional banks, she remains cautious about moving entirely to fintech platforms due to concerns over falling victim to fraudsters.

    Financial expert Samuel Adewunmi pointed out that the erosion of trust in fintech companies has led some conservative bank users to remain loyal to traditional banks, valuing their perceived security and reliability. In an interview, the Managing Director of PalmPay, Chika Nwosu, acknowledged that one of the biggest challenges fintech companies face in Nigeria is building trust with the public, a critical factor for their long-term growth and success. “Many Nigerians remain sceptical of digital finance platforms, feeling wary about investing in services they cannot physically see or touch. This caution is amplified by memories of past Ponzi schemes that left people with significant financial losses, fostering a general distrust toward any online financial service.

    “To counter these concerns, we have taken comprehensive measures to earn and secure public trust. Firstly, we are fully licensed and regulated, and our funds are protected under the Nigeria Deposit Insurance Corporation, ensuring financial security for our clients. We also prioritise customer data protection, implementing strict privacy policies and robust cybersecurity measures to safeguard against fraud and criminal activity.”

    Recently, Moniepoint appointed Bayo Olujobi as the Chief Financial Officer (CFO) of its microfinance banking subsidiary, Moniepoint MFB. Olujobi, with nearly 20 years of financial expertise, joins Moniepoint from Stanbic IBTC Bank, where he held the positions of CFO and non-executive director. This appointment follows Moniepoint’s recent $110 million funding round, which will drive its aggressive expansion plans. Moniepoint aims to digitise operations for millions of small and medium-sized businesses across Africa, with a goal of onboarding 30 million businesses over the next five years. Tosin Eniolorunda, Group CEO of Moniepoint Inc., expressed confidence in the company’s customer proposition, highlighting its secure, convenient, and easy-to-use platform for managing both personal and business finances.

    In addition, Moniepoint is reportedly in discussions with the CBN to secure a commercial banking licence, which would give it a competitive edge over rivals like OPay and PalmPay. If successful, Moniepoint would become the first Nigerian fintech to hold a commercial banking license, a strategy similar to that of Nubank in Latin America, which applied for a banking license after becoming the primary bank for a significant portion of Brazil’s population.

    A commercial banking license would be a major milestone for Moniepoint, highlighting its growth and its commitment to adapting to Nigeria’s changing regulatory environment. Since the CBN increased scrutiny of fintech firms in December 2023, obtaining this licence would position Moniepoint as a stable, compliant, and forward-thinking player in the country’s rapidly evolving financial ecosystem. If granted, the commercial banking licence would provide Moniepoint with the ability to operate without the geographic and service limitations imposed by its current microfinance banking license. This would enable the fintech to expand beyond the South-West region of Nigeria and offer a broader range of banking services to businesses and individuals across the country.

    Fear and cybercrime

    Cybercrime remains a significant hurdle for the growth of Nigeria’s digital payment system, with an increase in fraud incidents largely attributed to relaxed transaction rules and inadequate customer verification standards. Phishing attacks, where scammers impersonate legitimate bank social media handles to steal customer information, have become widespread, compromising both banks and fintech companies. These vulnerabilities, coupled with insufficient identity management systems, make fintechs prime targets for cybercriminals.

    To counter these threats, fintech companies have invested heavily in robust security measures. For example, OPay has introduced the Large Transaction Shield, which uses facial recognition authentication to protect users from unauthorised transactions. This feature allows users to set personalized transaction limits, adding an extra layer of security for large or unusual transactions. Fintechs have also addressed the gaps left by traditional banks, particularly in the area of lending. While traditional banks often had stringent requirements, fintech companies have innovated by introducing online lending platforms that allow access to loans without the need to visit a physical bank. These platforms use alternative credit scoring methods, including Bank Verification Number (BVN)-linked phone numbers, to assess creditworthiness and repayment behavior.

    Meanwhile, MTN Nigeria’s MoMo Payment Service Bank (PSB) is further diversifying by applying for two new licenses, the Payment Service Solutions Provider (PSSP) and Payment Terminal Service Provider (PTSP). This strategic move could disrupt Nigeria’s digital finance landscape, enabling MoMo PSB to offer a wider array of financial services. These developments reflect how fintechs are evolving to meet the needs of a more digitally-savvy population while contending with cybercrime challenges.

    These new licences would allow MoMo PSB to handle payment terminals and manage backend processing for digital payments. This move opens up MoMo PSB to provide in-store and online transaction solutions for more merchants and customers.

    Regulations in fintech industry and CBN’s role

    Data from the Nigeria Inter-Bank Settlement Systems (NIBSS) has shown that licensed mobile money operators, including Palmpay, OPay, and 15 others, processed transactions worth N41.5 trillion between January and July 2024. This marks a significant 74% increase compared to the N23.9 trillion recorded during the same period in 2023. In 2023, mobile money operators collectively processed N46.6 trillion in transactions, the highest annual figure for mobile money in Nigeria’s history. This surge in mobile money activity mirrors the broader rise in e-payments in the country, with total transactions across all electronic channels reaching N566.3 trillion between January and July 2024.

    The fintech industry in Nigeria has seen significant regulatory advancements, with the CBN playing a key role in driving these changes. In January 2021, the CBN introduced a Framework for QR Code Payments, aimed at promoting contactless payments, particularly in the wake of the COVID-19 pandemic, which saw many physical cash systems shut down. This move was part of a broader initiative to enhance digital payment solutions across the country. That same year, the CBN launched the Framework for Regulatory Sandbox Operations to support fintech start-ups in navigating regulatory challenges while fostering innovation. The Securities and Exchange Commission (SEC) also took steps to formalize investment-based crowdfunding, publishing rules to regulate this space.

    Read Also: NSITF extends ESC to agency banks, fintech

    Further regulatory development occurred with the CBN’s introduction of the Open Banking Framework in February 2021, making it easier for fintech firms to access financial data and create more integrated financial services. In October 2021, the CBN unveiled the eNaira, Nigeria’s digital currency, which operates alongside the physical naira, expanding digital financial inclusion and offering a government-backed alternative to cryptocurrencies.

    Additionally, the Pan African Payments and Settlements System (PAPSS) was established with guidelines set by the CBN, facilitating cross-border payments across Africa. These regulatory initiatives are integral to shaping Nigeria’s rapidly growing fintech ecosystem and ensuring it develops in a secure and controlled environment.

    At the 2024 Nigeria Fintech Week, the theme “Positioning Africa’s Fintech Ecosystem to Accelerate Inclusive Growth” underscored the critical role fintech plays in driving socio-economic development across Africa. The event highlighted the continent’s growing fintech presence, offering innovative solutions that address its unique challenges, but also stressed the importance of reaching underserved populations who still lack access to traditional financial services.

    Emomotimi Agama, Director General of the Nigeria Securities and Exchange Commission (SEC), emphasised the need for “smart regulation” to manage the rapid growth of fintech. This approach balances innovation with essential protections for investors and market integrity. Agama advocated for flexible but rigorous regulatory frameworks that ensure fintech companies meet security, consumer protection, and market integrity standards. Aminu Maida, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), also stressed the importance of strengthening regulatory frameworks for fintech. He praised Nigeria’s regulatory approach, noting that it has garnered global recognition, particularly within the International Telecommunication Union’s collaborative regulation benchmark, a testament to Nigeria’s growing influence in the fintech space.

    Point-of-Sale (PoS) systems have become a popular choice for many business owners, including traders and ride-hailing drivers, as their preferred tools for daily operations. Despite the availability of banking apps, many individuals in these sectors consistently lean toward fintech apps for easier transactions. The rise of PoS systems has undoubtedly made banking more accessible, especially in rural areas, and has significantly promoted financial inclusion. However, this adoption has also led to a surge in fraudulent activities, with scammers using PoS terminals to deceive unsuspecting Nigerians.

    According to data from the Nigeria Inter-Bank Settlement System (NIBSS), the number of registered PoS terminals in Nigeria reached 26.54 million within seven months, marking a 22.59% increase from the 21.65 million recorded in July 2023. This growth highlights the increasing shift toward digital payment platforms, driven by policies aiming to reduce the reliance on cash transactions. The number of newly registered PoS terminals in January 2024 alone reached 3.44 million, a 48.5% increase from January 2023.

    Despite the growing adoption of fintech solutions, digital banking services in Nigeria have faced erratic service delivery, with transactions that once took minutes now stretching into days. Additionally, many customers remain skeptical of fintech platforms, largely due to a lack of awareness and understanding. This ignorance, coupled with concerns about trust and security, leads many to continue relying on traditional banks for their transactions. Fintech companies still have a significant amount of work to do in terms of public sensitization and building trust within the Nigerian market.

  • Celebrating 85 years of promoting education, service to society

    Celebrating 85 years of promoting education, service to society

    On November 11, 1939, a group of visionary young men from Lagos Island founded the Crescent Bearers to uplift Muslim children through education. 85 years later, their legacy remains a cornerstone of Nigeria’s Muslim community. The anniversary celebration at MUSON Centre, Lagos, showcased the group’s enduring contributions to Muslim education, social justice, and community development. From establishing Nigeria’s first Muslim secondary school to offering scholarships and promoting unity, Crescent Bearers has shaped countless lives, embodying education, philanthropy, and service to humanity. Associate Editor ADEKUNLE YUSUF reports.

    In the 1930s, Lagos was a city on the brink of transformation. Amid the hustle of colonial life, a group of young men—vibrant, educated, and deeply aware of the socio-economic disparities around them—saw an opportunity to make a lasting impact. Despite hailing from privileged families on Lagos Island, they were conscious of the struggles of the less fortunate, particularly the Muslim community, whose access to education and opportunities for social advancement were severely limited.

    Spurred by a desire to change the status quo and guided by a deep sense of humanity, 16 young Muslim men from families indigenous to Lagos Island took a bold step. On November 11th, 1939, they formed the Crescent Bearers—a collective of idealists determined to uplift their community through education. Their mission was simple, yet revolutionary: to promote the acquisition of Western, secular education by Muslims, not just for individual advancement but for the collective improvement and upward social mobility of the entire Muslim community in colonial Lagos. They sought to dismantle the systemic discrimination that Muslim children faced in education and to elevate Islam’s standing in the mainstream cultural, political, and socio-economic life of an evolving modern Lagos.

    Led by founding members such as Mobolaji Odunewu, S.M. Onigbanjo, I.A.S. Adewale, A. Fatayi-Williams, and others, the Crescent Bearers not only focused on education but also sought to eliminate the discrimination Muslim children faced. They were determined to reshape the cultural, political, and social landscape of Lagos, advocating for a more inclusive society where Islam could take its rightful place in the mainstream. Over eight decades since its founding, the Crescent Bearers, or CB39, have remained dedicated to their mission. The group’s influence has extended far beyond education, helping to unite various Islamic sects in Lagos and strengthen the community’s collective voice. Through their tireless efforts, they have upheld the core principles of Islam, promoting it not only as a religion but as a guiding philosophy for life and social organisation.

    Today, the legacy of the Crescent Bearers continues to inspire future generations, proving that the power of education, vision, and unity can transform even the most entrenched societal structures Founded on November 11, 1939, the Crescent Bearers celebrated a remarkable 85 years of existence last week, marking the occasion with a joyous gathering on Sunday, November 17, at the MUSON Centre in Lagos. It was evident at the event why CB39 remains a beacon of the lofty ideals of Islam, fostering mutual understanding, collaboration, and a shared commitment to the complete education of the Muslim child.

    Read Also; I want to put pageantry aside now to prioritise education – Chidimma

    Now a trans-generational movement, Crescent Bearers has grown to 28 members, with some of its most distinguished figures including elder statesman and legal icon, Alhaji Lateef Okunnu, SAN; businessman and founder of Caverton Offshore Support Group, Mr. Aderemi Makanjuola; boardroom magnate, Mr. Akin Kekere-Ekun, whose wife, Justice Kudirat Kekere-Ekun, currently serves as the Chief Justice of Nigeria; and renowned scholar, Prof. Adele Jinadu, among others. The anniversary event, which celebrated the group’s enduring legacy, foresight, and commitment to education, was attended by prominent dignitaries such as Justice Kudirat Kekere-Ekun, Chief Justice of Nigeria; Dr. Obafemi Hamzat, Deputy Governor of Lagos State; and Mrs. Noimot Salako-Oyedele, Deputy Governor of Ogun State. The event was chaired by Professor Tajudeen Gbadamosi, a History professor at the University of Lagos, while renowned Islamic motivational speaker, Mrs. Maryam Lemu, delivered the anniversary lecture on the theme “Islam and Family Values – Building a Nation of Citizens.”

    In his welcome address, the chairman of Crescent Bearers, AbdulWasiu Ayodele Martins, reflected on the significance of the occasion, stating, “This event commemorates and celebrates the 85th anniversary of an association that has remained steadfast in its commitment to the education of Muslim children of Lagos State origin. Our primary purpose is to facilitate, promote, and support the acquisition of Western education for Muslims, while fostering an environment that upholds the values and teachings of Islam that we hold dear.”

    Martins further emphasized the remarkable legacy of the association, asserting that the roll call of its members would be the envy of any organisation worldwide. Prof. Tajudeen Gbadamosi, who chaired the event, also paid tribute to the founding fathers and current members, acknowledging their unwavering dedication to the association’s core mission. He expressed his deep honour at chairing such a prestigious event and noted that, had he not been chosen as chairman, he would have been content simply to attend as a guest.

    Dr. Obafemi Kadiri Hamzat, Deputy Governor of Lagos State, also praised the founding fathers, recognizing the immense significance of their efforts. “It’s important to mention their names individually,” he said, “because they initiated something truly exceptional. At a time when it was not easy for a Muslim child to receive an education, they came together and said, ‘We will be Muslims, and we will help many others access education.’ And, by the grace of Almighty Allah, they were granted the resources and determination to do so.”

    The Deputy Governor described the Crescent Bearers not just as an association but as a collective response to the need for guidance and support in the pursuit of knowledge. He emphasized that the group’s efforts were aligned with the teachings of the Prophet Muhammad, who said, “Seek knowledge, even if you have to go to China,” a reference to the distance and effort required to obtain knowledge during that time. Hamzat highlighted the remarkable achievements of Crescent Bearers, which include the establishment of the first Muslim Secondary School in Nigeria in 1948, the first multi-purpose mosque in Lagos State in 1955, and the introduction of Islamic education curriculum in Nigerian schools.

    He also commended the group’s provision of scholarships, the organisation of conferences and lectures, and their ongoing contributions to medical services, charity work, and fostering unity among Muslims. “At the time, these were no small feats,” he said, noting the sacrifices made to ensure these milestones were reached. The Deputy Governor concluded by underscoring the relevance of the event’s theme, “Islamic and Family Values: Building a Nation of Citizens,” calling it particularly compelling in today’s context.

    In her keynote address, Mrs. Maryam Lemu reminded everyone of the importance of keeping their mortality in focus, urging them to reflect on what they are able to accomplish in this life. She emphasized that all gifts—be they financial, spiritual, intellectual, or based on status and influence—are bestowed by Allah for the benefit of humanity. She encouraged everyone, particularly Muslims, to never shy away from showing kindness, highlighting that this was at the heart of Crescent Bearers’ 85th anniversary celebration. She quoted Allah, saying, “We have raised you by degrees above others so that we may try you with what we have bestowed upon you.”

    The event also featured the cutting of the anniversary cake and a special recognition of Justice Kudirat Kekere-Ekun, following her appointment as Nigeria’s Chief Justice earlier that year. Bearer Lateef Femi Okunnu, SAN, the oldest member and a distinguished legal luminary, praised the Crescent Bearers for fulfilling their mandate of uplifting the less privileged through education. Reflecting on the group’s humble beginnings, he fondly recalled how a group of young Muslim boys from Lagos Island, who had completed school about 11 years earlier, came together under the leadership of the late Alhaji Mobolaji Odunewu to form the Crescent Bearers. He described it as an extraordinary journey, saying, “I feel over the moon. I am happy because it is like going into outer space to see an organization that began with just a few young boys from very Muslim backgrounds, and over decades, they have continued to educate the Muslim child.”

    Bearer Liasu Adele Jinadu, another esteemed member, expressed his deep pride in being part of the Crescent Bearers, acknowledging its profound impact on his life. He reflected on how the group has shaped his understanding of Islam and the importance of working to strengthen the Muslim community, particularly in Lagos State. He described Crescent Bearers as a unique and remarkable group—restrictive but not elitist, with members of high integrity, committed to propagating the Islamic faith within their communities. “This is an organisation of dedicated Muslims, who are pursuing a mission,” he affirmed.

    Bearer Olusegun AbdulQuadri Williams, the General Secretary of Crescent Bearers, also shared his sense of privilege in being part of such a legacy. He expressed profound humility and honor in continuing the philanthropic work begun by the group’s visionary founders. “The founders were selfless, dedicated, and passionate about the education of the Muslim child in Lagos. Being part of this association is a responsibility that I cherish, and I stand to uphold the values that have defined the organisation for 85 years,” he stated.

    Bearer Mustapha Abiodun Jaji, who served as the Chairman of the Organizing Committee for Crescent Bearers at 85 and was the Chairman of the association in 2007, shared his gratitude for being a part of the group. Having spent 17 years as a member, he reflected on his involvement in organizing several significant milestones for the association, including the 80th, 83rd, and now the 85th anniversary celebrations. “I thank God for being a member,” Jaji said. “I have had the privilege of organizing these important events and playing my part in the development of this small but impactful association. We usually have a maximum of 30 members, but we are currently 28,” he added, emphasising the close-knit nature of Crescent Bearers.

    Bearer Hakeem Olusegun Oki, a trustee of Crescent Bearers, expressed his deep honor in being part of the organization. Reflecting on the cardinal mission of the founding fathers, he emphasized their commitment to supporting the less privileged Muslim community, particularly through scholarships. “Crescent Bearers is truly a child of circumstances,” Oki remarked. “The founding fathers, despite coming from well-to-do Lagosian families, were schoolmates who sought to uplift the less privileged by providing access to education.”

    Bearer Mustapha Akanni Oshodi, a member since 1985, also spoke with pride about the progress and impact of the association. “The founding fathers set out to support the Muslim community, especially at a time when Muslims were marginalized in terms of education,” Oshodi explained. “Through their efforts, the Crescent Bearers have achieved their goals of uplifting the Muslim society in education and the propagation of Islam, leaving a lasting impact on the community.”