Tag: Federal government

  • Fed Govt launches Vision 2050 blueprint for Southeast

    Fed Govt launches Vision 2050 blueprint for Southeast

    The Federal Government yesterday unveiled a 25-year development blueprint for the Southeast, declaring the region a vital pillar of Nigeria’s economic future.

    Vice-President Kashim Shettima, who performed the ceremony at the Regional Stakeholders’ Forum in Enugu, also announced the approval of South East Investment Company Limited by President Bola Ahmed Tinubu

    Shettima explained that the initiative was a deliberate shift from short-term governance to structured, long-term regional planning.

    Read Also: Tinubu, Obasanjo, Mimiko, Fasoranti, others bag Ondo golden jubilee awards

    According to him, the investment company will mobilise funds from the diaspora, capital markets and development finance institutions to close post-war infrastructure gaps and strengthen regional competitiveness.

     The company will work in synergy with the Southeast Development Commission (SEDC) to accelerate Southeast’s transformation. 

    “This forum reflects foresight, responsibility and a shared understanding that the future is not something we wait for, but something we must deliberately design,” Shettima said.

    He explained that the approval of the investment company was informed by the Southeast’s distinctive entrepreneurial culture, expansive global diaspora and historic engagement with international capital.

  • Foundation seeks support for autistic children

    Foundation seeks support for autistic children

    The Federal Government, sub-national governments and development partners have been urged to adopt a more strategic and sustained approach to autism to promote the growth, development and empowerment of affected children and enable them to contribute meaningfully to national development.

    President/Trustee, Ferdinand Effah Music Heritage Foundation (FEMHF), Stanley Effah, said intervention was required to prevent thousands of children living with Autism Spectrum Disorder (ASD) from being trapped in a cycle of neglect, exclusion and wasted potential.

    Effah noted that many autistic children possess exceptional talents and inner strengths, but are often unable to fulfil their potential because their parents are often financially and emotionally overwhelmed.

    Read Also: Five strongest currencies in Africa as of January 2026

    He said it was in response to this gap that FEMHF decided to deploy creativity as a strategic advocacy tool, using music, performance and public engagement to drive awareness, acceptance and inclusion of people living with autism across Nigeria.

    According to Effah in a statement, the Foundation’s innovative approach is anchored on the official launch and release of Ferdy’s Band’s first record label music album, A Voice for Autism, slated for April 2, this year, which also serves as a prelude to the Harmony for Autism Music Charity Concert scheduled for the same day.

  • Govt unveils framework for preservation of public assets

    Govt unveils framework for preservation of public assets

    The Federal Government has unveiled a comprehensive framework aimed at strengthening the maintenance and preservation of public assets across the country.

    The initiative is being driven by the Federal Ministry of Housing and Urban Development through its Department of Federal Public Assets Maintenance (FPAM), which has developed a framework containing Standard Operating Procedures (SOPs) to ensure effective, uniform, and sustainable maintenance of federal public assets nationwide.

    As part of the rollout, the Ministry has commenced engagements with Ministries, Departments and Agencies (MDAs) to facilitate the implementation of the SOPs, providing a harmonised approach to asset maintenance and preservation across the Federal Public Service.

    FPAM, a department under the Ministry of Housing and Urban Development, is statutorily responsible for the oversight of maintenance functions in all MDAs.

    The department was established through Presidential Executive Order No. 11, which was officially gazetted on April 6, 2022.

    READ ALSO; Between Wike and Fubara

    To ensure seamless implementation of the framework, FPAM has introduced and distributed a set of compliance forms and a comprehensive maintenance manual to MDAs. These documents form part of a certification and oversight process designed to ensure proper documentation, traceability, accountability, and alignment with established maintenance standards and protocols.

    Speaking on the initiative, the Director of FPAM,  Chioma Wogu- Ogbonna  explained that the objective of the framework is to institutionalise a proactive maintenance culture within MDAs, prevent premature deterioration of government assets, and promote value-for-money through structured and standardised maintenance practices.

    She noted that the SOPs and compliance tools were developed to reflect measurable outcomes, quality assurance, and consistency in asset management across government institutions.

    Ogbonna appreciated the Permanent Secretary of the Federal Ministry of Housing and Urban Development, Dr. Shuaib Belgore for his unwavering leadership and institutional support, describing the initiative as a major breakthrough in the Federal Government’s effort to safeguard public assets nationwide.

    According to the FPAM Director, the support of the Permanent Secretary has been instrumental in translating the department’s mandate into actionable policies and operational frameworks.

    In his remarks, Dr. Belgore reaffirmed the Ministry’s commitment to strengthening asset maintenance culture within the public service, stressing that effective preservation of public assets is critical to sustainability, service delivery, and prudent management of public resources.

    He emphasised the need for Permanent Secretaries across MDAs to work closely with FPAM and ensure that agencies under their supervision align with the department’s regulatory and operational mandates as the central instrument for public assets preservation.

    To further drive awareness and operational efficiency, FPAM has also unveiled innovative tools, including a smart card embedded with a QR Code, which provides instant access to the department’s activities and mandate on an internet-based platform. In addition, the department has rebranded its operational bus with the FPAM logo to support outreach, monitoring, and engagement activities nationwide.

    In recognition of his leadership and support, the FPAM Department presented an Award Plaque to the Permanent Secretary, Dr. Shuaib Belgore, underscoring his role in advancing the maintenance framework and positioning FPAM to unlock its vast untapped potential.

    The Ministry reiterated that the successful implementation of the framework would ensure the longevity of government assets, promote accountability, and entrench a sustainable maintenance culture for national development.

  • Fed Govt rallies security agencies, telecoms, media against kidnapping

    Fed Govt rallies security agencies, telecoms, media against kidnapping

    The Federal Government has intensified efforts to combat the rising wave of kidnapping.

    It called for closer collaboration among security agencies, telecommunication operators, and the media.

    The government’s position was articulated yesterday in Abuja by the National Coordinator of the National Counter Terrorism Centre (NCTC), Office of the National Security Adviser, Major General Adamu Laka.

    It was during a high-level stakeholders’ workshop on the Multi-Agency Anti-Kidnap Fusion Cell (MAAKFC).

    Established in December 2024 and domiciled at the NCTC, the Multi-Agency Anti-Kidnap Fusion Cell is designed to coordinate the activities of the military, intelligence and law enforcement agencies, as well as other relevant stakeholders, towards preventing, disrupting and responding effectively to kidnapping incidents nationwide.

    Its overarching objective, according to Maj. Gen. Laka, is to save lives and dismantle the criminal networks profiting from the crime.

    Maj. Gen. Laka noted that kidnapping has emerged as a common thread running through Nigeria’s complex security challenges, serving not only as a crime in itself but also as a major source of funding for criminal and terrorist groups.

    He explained that ransom payments have enabled these groups to procure weapons and logistics, sustain their operations and, in some cases, exert territorial influence.

    Maj. Gen. Laka Laka said: “The increasing national and international concern over the trend of kidnapping in Nigeria prompted a strategic collaboration between Nigeria and the United Kingdom, leading to the establishment of the Multi-Agency Anti-Kidnap Fusion Cell.

    “The goal was to harmonise the efforts of the military, paramilitary agencies and other critical stakeholders to strengthen our national response.”

    Acknowledging the notable successes recorded since the cell was set up, Laka admitted that operational gaps remain.

    Chief among these, he said, is the need to formally integrate key non-traditional actors such as the media, telecommunication service providers and social media platforms into the national kidnap-response framework.

    “This workshop provides a timely opportunity to deliberate on how these stakeholders can be effectively integrated into the Multi-Agency Anti-Kidnap Fusion Cell architecture to enhance national kidnap management,” he said.

    Maj. Gen. Laka said the fusion cell is staffed by analysts drawn from the military, intelligence services and law enforcement agencies equipped with specialised training.

    Acting British High Commissioner to Nigeria, Gill Lever, said the United Kingdom was impressed with the progress recorded by the fusion cell since its establishment.

    She reaffirmed the UK government’s commitment to continuing its support for Nigeria’s counterterrorism and anti-kidnapping initiatives.

    Head of the UK’s National Crime Agency, Chris Gibson, stressed that effective collaboration and communication among critical stakeholders are central to the sustained success of the initiative.

    He urged Nigerians to continue supporting government efforts, noting that “anti-kidnapping is a responsibility of every citizen.”

    Ndume: Tinubu’s security measures delivering results

    The growing coordination appears to be reflecting in improved security outcomes, according to former Senate Leader, Senator Mohammed Ali Ndume.

    In a statement, Ndume said President Tinubu’s recent security interventions were already delivering visible results across the country.

    Ndume praised what he described as the President’s “decisive and coordinated actions” against terrorists and bandits.

    He noted that these measures followed a surge in kidnappings, including high-profile abductions of schoolchildren and worshippers in Kebbi, Niger and Kwara states.

    He particularly commended the President’s directive to the DSS to deploy already-trained forest guards, describing the move as a major boost to counterterrorism operations.

    According to Ndume, the deployment has strengthened the morale and operational efficiency of security personnel combating criminal elements operating from remote forests.

    Read Also: ‘We have recorded 860 terrorism convictions since 2017,’ says AGF Fagbemi

    “The directive to engage forest guards, coupled with their training, has gone a long way to complement the efforts of the Nigerian Army, and they are happy with that too,” Ndume said.

    The Borno South lawmaker also applauded improvements in the welfare of security personnel, especially the Nigerian Army.

    He noted enhanced cooperation among the armed forces and other security agencies.

    While acknowledging improvements in salaries, equipment and logistics, he urged the Federal Government to invest more in frontline assets such as attack helicopters, armoured personnel carriers and gun trucks.

    Ndume further lauded Borno State Governor, Babagana Zulum, for committing over N100 billion to support the military, police and other security outfits in the Northeast, urging other governors in the region to emulate his example.

  • Federal Govt bolsters airports’ facility for aircraft utilisation

    Federal Govt bolsters airports’ facility for aircraft utilisation

    The Federal Government is wrapping up efforts to upgrade air navigation equipment and airport infrastructure as part of its broader strategy to increase the utilisation of aircraft by indigenous airlines.

    Nigeria ranks high among countries in the world with low utlisation of aircraft by airlines, ostensibly due to limited operating hours at some airports.

    Regulatory data indicates that aircraft on local flights in Nigeria operate between seven to eight hours compared to the global average of 16 to 18 hours.

    Experts said low utilisation has been causing facility limitations, forcing operators to focus on maximising existing assets through infrastructure upgrades like airfield lighting to enable all-round operations.

    They said low utilisation of aircraft has occasioned a loss averaging not less than hundreds of billions annually for the over 12 scheduled carriers.

    To turn the curve, Federal Airports Authority of Nigeria (FAAN) has begun the  modernisation of  airport infrastructure.

    Confirming this in an interview, its Managing Director, Mrs Olubunmi Kuku , said the authority is already expanding runways, upgrading navigational aids including air field lighting at some aerodromes to extend the operational time as well as  meet global standards.

    She said  six airports and several runways nationwide are currently undergoing government-funded upgrades.

    Kuku said airlines could now optimise the use of their aircraft into such airports on account of the provision of airfield lighting and other support facilities.

    Speaking in an interview, Acting Chief Executive Officer, Ibom Air., Mr George Uriesi said local carriers are increasingly coming  under pressure as a result of  underused aircraft.

    Read Also: Offsetting N4tn legacy debts to Gen Cos good for power sector – Transafam boss

    He said :  “This means our aeroplanes are flying roughly half as much as counterparts in Europe and other regions,” Uriesi said. “By the end of the year, we are conducting 1,080 fewer flights per aircraft than the global average. That’s 720 fewer flights translating into revenue we cannot recover.”

    Using a conservative estimate of 5 million naira per flight, Uriesi calculated that each underused aircraft costs the airline 3.6 billion naira in lost annual revenue. With Ibom Air’s fleet of nine Airbus A220s, cumulative losses exceed 32 billion naira per year.

    “This revenue could be re – invested in operations, infrastructure, and growth, yet remains untapped due to systemic inefficiencies,” he added.

     Uriesi noted that many Nigerian airports still do not support full aircraft utilization. “We operate within a very difficult environment,” he said. “In Abuja, ATC defaults to procedural approach management instead of radar. Flights often enter prolonged holding patterns, consuming more fuel and time.”

    “Abuja is a very, very, very busy airspace in Nigeria,” he continued.

    “They keep the aeroplanes in the air far longer than necessary. There’s constant communication with so many different aircraft during flights.”

    “Our pilots are raising safety concerns every minute,” he added. “There are curiosity waves, which pose a real safety issue. Flights to Abuja take much longer, and departing aircraft often sit for 20 minutes before using the runway.”

    “If you calculate the fuel impact on airlines, it’s huge,” Uriesi emphasized. “I’m appealing to NAMA. I’ve raised this through other channels, but I’m appealing again: please help the airlines. Use the radar now.”

    Fleet size also affects utilization. Uriesi warned that small airlines operating just three to six aircraft cannot achieve sustainable profitability. “Being small is one of the most dangerous positions for an airline. You are always on the verge of falling out. To be profitable, you must grow quickly to 10, 11, 12, 15, 20 aircraft and beyond,” he said. Larger fleets allow better utilization, risk absorption, and negotiating power with financiers and service providers.

    Despite these operational challenges, Ibom Air has maintained an 88 percent compounded average growth rate in revenue since 2019. However, much of this success is dampened by underused aircraft.

    Uriesi emphasized that improving daily flight hours, even by two or three hours per aircraft, could unlock billions of naira in additional annual revenue.

    “Profitability in Nigeria isn’t just revenue minus costs,” he said. “It’s about navigating a complex obstacle course of infrastructure bottlenecks, regulatory fees, and operational inefficiencies. If we could achieve full aircraft utilization, Nigerian airlines would be far more competitive internationally and financially sustainable.”

     Uriesi urged government intervention to reduce overflight charges, regional fees, and other financial burdens limiting aircraft productivity.

    He also called on airlines to adopt strategies that maximize daily aircraft usage and expand fleet sizes. “The industry has enormous potential. With better utilization and operational support, we could transform billions of naira in lost revenue into growth and profitability.”

    Also speaking, Chairman of United Nigeria Airlines , Professor Obiora Okonkwo said operators are grappling with low utilisation of aircraft  with adverse financial toll on the business.

    He said : “  A typical aircraft in Nigeria will do six to eight sectors; if you have airports with facilities, you could do 10 to 12 sectors. A typical aircraft can fly 18 hours in a day.

    “Aircraft we have in Nigeria are under-utilised. We fly only for eight hours and an aircraft is produced to fly 18 hours in a day.

    So, the focus should be how do we work to ensure that we maximize utilization of the aircraft.

    “And for us who are leasing aircraft, you are more attracted to a lessor who knows you can utilize his aircraft for higher hours, but in Nigeria, the much you can sign is 150 to 200 hours a month. The aircraft we use here for 150 to 200 hours in a month is used about 3,000 hours in a month overseas, especially during the summer. And our airspace here is short range; 45 minutes, one hour.

    “So, these are parts of the challenges that we are having.”

    Meanwhile,  the global aviation industry is experiencing a shortage of available aircraft, leading to record-high utilization rates for the active fleet, rather than widespread underutilization. However, a significant portion of the total fleet remains parked due to specific issues, primarily maintenance and supply chain challenges.

    The global commercial fleet comprises approximately 35,550 aircraft, of which about 30,300 are active, and 5,250  are in storage.

  • New revenue system to stop leakages, boost transparency

    New revenue system to stop leakages, boost transparency

    Federal Government has launched a technology-driven revenue system, Revenue Optimisation and Assurance Project to redefine how we track, collect, and manage finances.

    It also launched Federal Treasury Receipt to provides a single, standardised, and digital proof of payments into Federal Government account.

    FTR ensures that every issued receipt corresponds to funds paid into government accounts.

    The initiative was championed by Federal Ministry of Finance, in collaboration with Office of Accountant-General of the Federation (OAGF), Central Bank of Nigeria (CBN), and Federal Inland Revenue Service (FIRS).

    At the presentation during the 31st National Economic Summit in Abuja, Minister of Finance, Wale Edun, reaffirmed the government’s commitment to strengthen fiscal responsibility through innovation and technology.

    He described REVOP as a cornerstone of President Bola Tinubu’s economic reform, which focuses on stabilisation, recovery, and growth.

    The minister noted that the imitative ‘represents a unified effort to safeguard every kobo of public revenue through innovation, automation, and accountability, by bringing all revenue under a single, technology-driven framework that promotes transparency and fiscal discipline’.

    Edun added that REVOP was created to ‘identify, collect, reconcile, monitor, and protect government revenues across all Ministries, Departments, Agencies (MDAs), and Federal Government-Owned Enterprises (FGOEs)’.

    He said: “It is our determination to make sure we bring in every single penny. There’s government money lying outside the TSA, lying outside of the Central Bank, and it requires enforcement, consensus, and the right use of technology”.

    Read Also: FG to expand social protection to cover 60m Nigerians in informal economy

    Designed to implement the Central Billing System (CBS) of the government which became operational on October 1, REVOP allows for instant reconciliation of government payments, giving public finance managers real time visibility of transactions.

    Other aspects of the initiative include the Revenue Splitting Engine, Treasury Management System, and Revenue Monitoring Dashboard, which are designed to ensure that every transaction within the government’s revenue chain is visible, verifiable, and traceable.

    Aside from its technology-driven system, REVOP will also help to rebuild trust in public finance and empower policymakers with accurate financial intelligence and enable more effective decision-making.

    It will also strengthen fiscal transparency and ensure that every government revenue stream can be monitored in real time, representing a shift from a paper-driven, reactive system to a transparent, proactive, and technology-enabled model.

    “Our goal is simple but vital – every naira earned by the government must be visible, traceable, and used responsibly for the benefit of Nigerians. REVOP is a bold and practical step toward that vision, one that builds trust, strengthens accountability, and supports sustainable growth,” Edun added.

  • Fed Govt launches awards schemes to promote good governance in state-run enterprises

    Fed Govt launches awards schemes to promote good governance in state-run enterprises

    • How best-run SOEs will emerge, by Edun

    The Federal Government yesterday launched a good corporate governance assessment scheme aimed at promoting accountability, high performance, and best practices across state-owned enterprises (SOEs).

    The initiative, known as MOFI Excellence Awards, is dedicated to recognising outstanding governance practices and institutional performance within Federal Government-owned and linked enterprises.

    Speaking at the launch and the inauguration of the MOFI Excellence Awards Panel, Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the new programme represented a major step toward strengthening governance and operational standards in the public sector.

    According to him, the establishment of the awards signals government’s unwavering commitment to raising the bar of performance and governance in Nigeria’s public sector.

    Edun said the awards were conceived to serve a critical purpose.

    He said: “The MOFI Excellence Awards are not about applause for its own sake; they were conceived to promote corporate governance excellence, high institutional performance, and strategic alignment across MOFI’s portfolio of public enterprises”.

    Read Also: 38 rescued Kwara abducted worshippers return home

    According  to him, the programme was designed to shine a spotlight on those boards and management teams that exemplify transparency, accountability, and strong performance.

    He added that the government intends to commend agencies and leaders who consistently demonstrate sound stewardship in the management of public assets.

    He said; “We intend to recognise agencies and their leaders who demonstrate high standards of transparency, accountability, and performance in managing public assets.

     “By doing so, we send a clear message that good governance and results will be rewarded, and that every entity under MOFI should strive towards the highest ideals of service and stewardship”.

    Edun pointed out that the credibility of the awards rests heavily on the independence and expertise of the judging panel, noting that the panel is central to ensuring a fair and transparent process.

     “At the heart of this initiative is the independent judging panel supported by an expert advisory consultant. Your role is pivotal – you are entrusted with overseeing a fair, transparent, and rigorous evaluation process for all participating entities,” Edun said.

    The panel comprises of experts and institutional leaders from organisations known for advancing good governance, including the Financial Reporting Council, the Society for Corporate Governance Nigeria, the Chartered Institute of Directors, the Nigeria Exchange Group and the Chartered Risk Management Institute.

    Edun said the selection of the panel underlined the independence and professionalism with which the assessments will be conducted.

    According to him, the panel’s mandate is to uphold integrity, impartiality and diligence at every step, so that the eventual outcomes command public trust and respect.

    Addressing the panel members, the Minister of Finance stressed the importance of their work, describing them as pioneers of a process that will shape expectations in the public enterprise sector for many years.

    He said: “I cannot overstate the weight of responsibility that rests on your shoulders. You are pioneers in this endeavour, custodians of a process that will set the benchmark for years to come. The decisions you make, the standards you uphold, will have profound implications for our nation’s public sector. We must get it right. This is an open, independent process, and it must be seen by all to be merit-based and free of favouritism.”

     Managing Director, Ministry of Finance Incorporated (MOFI), Dr Armstrong Takang, described the awards as a groundbreaking development in Nigeria’s approach to public asset management.

    He said: “It is a first-of-its-kind initiative in Nigeria dedicated to recognising excellence in corporate governance and performance across Federal Government-owned and Linked Enterprises.”

    Takang explained that MOFI’s broader reform agenda over the past year is aimed at transforming how Nigeria manages its public investments. “From launching the MOFI Corporate Governance Scorecard to now instituting an awards programme that recognises outstanding performance, we are translating reform ideas into tangible outcomes,” he said. According to him, MOFI’s strategy is anchored on “honest investments and transparent strategies,” which are essential for sustaining growth.

    Reflecting on the launch of the Corporate Governance Scorecard earlier this year, Takang said the tool has initiated a shift in mindset across public enterprises. “When we launched the Scorecard earlier this year and conducted a pilot implementation round with participation from more than half of MOFI portfolio companies, it was more than just unveiling a new tool – it was the start of a culture shift,” he said. He added that the scorecard “fundamentally redefines governance as a strategic asset, driving transparency, accountability, and long-term value creation.”

    Takang also noted that MOFI is applying the same standards internally. He said the organisation has strengthened board effectiveness, ethics policies, and risk management systems within its operations.

    “This approach ties our reputation to the performance of the enterprises we oversee and sends a clear message: MOFI is not just an asset manager; we are a partner and a participant in this collective effort” he said.

    In his remarks, the Chairman of the MOFI Board, Dr Shamsudeen Usman, represented by Hajia Fatima Nana Mede, said the awards are intended to motivate public sector agencies to raise their performance standards. “We want to send a clear message across the public sector that transparency, accountability and performance will be noticed and rewarded,” he said.

    Usman added that MOFI also hopes to foster positive competition among its portfolio companies. “We also want to foster a healthy sense of competition and peer learning among our portfolio companies. When an agency sees a peer celebrated for excellence, I expect it to spark inspiration: ‘If they can do it, so can we.”

    The Chairman of the Awards Panel, Chief JK Randle, said the initiative represents a timely opportunity to elevate governance standards and inspire stronger performance across public enterprises.

  • Fed Govt rolls out MOFI awards for public enterprises

    Fed Govt rolls out MOFI awards for public enterprises

    The Federal Government has introduced a new national initiative aimed at promoting accountability, high performance, and strong corporate governance across its portfolio of state-owned enterprises.

    The initiative, known as the MOFI Excellence Awards, is the first event dedicated to recognising outstanding governance practices and institutional performance within Federal Government-owned and linked enterprises.

    Speaking at the launch and the inauguration of the MOFI Excellence Awards Panel, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the new programme represents a major step toward strengthening governance and operational standards in the public sector.

    According to him, the establishment of the awards “signals government’s unwavering commitment to raising the bar of performance and governance in Nigeria’s public sector.”

    Edun said the awards were conceived to serve a critical purpose, noting that “The MOFI Excellence Awards are not about applause for its own sake; they were conceived to promote corporate governance excellence, high institutional performance, and strategic alignment across MOFI’s portfolio of public enterprises.”

    He explained that the programme is designed to “shine a spotlight on those boards and management teams that exemplify transparency, accountability, and strong performance.”

    The minister added that the government intends to commend agencies and leaders who consistently demonstrate sound stewardship in the management of public assets. “We intend to recognise agencies and their leaders who demonstrate high standards of transparency, accountability, and performance in managing public assets,” he said.

    According to him, “by doing so, we send a clear message that good governance and results will be rewarded, and that every entity under MOFI should strive towards the highest ideals of service and stewardship.”

    Edun stated that the credibility of the awards rests heavily on the independence and expertise of the judging panel. He described the panel as central to ensuring a fair and transparent process, noting that “At the heart of this initiative is the independent judging panel supported by an expert advisory consultant. Your role is pivotal – you are entrusted with overseeing a fair, transparent, and rigorous evaluation process for all participating entities.”

    Read Also: FG rolls out MOFI awards for public enterprises

    The panel is composed of experts and institutional leaders from organisations known for advancing good governance, including the Financial Reporting Council, the Society for Corporate Governance Nigeria, the Chartered Institute of Directors, the Nigeria Exchange Group and the Chartered Risk Management Institute.

    Edun said this selection “underlines the independence and professionalism with which the assessments will be conducted,” adding that the panel’s mandate is “to uphold integrity, impartiality and diligence at every step, so that the eventual outcomes command public trust and respect.”

    Addressing the panel members, the Minister of Finance stressed the importance of their work, describing them as pioneers of a process that will shape expectations in the public enterprise sector for many years.

    He said, “I cannot overstate the weight of responsibility that rests on your shoulders. You are pioneers in this endeavour, custodians of a process that will set the benchmark for years to come. The decisions you make, the standards you uphold, will have profound implications for our nation’s public sector. We must get it right. This is an open, independent process, and it must be seen by all to be merit-based and free of favouritism.”

    Earlier, the Managing Director/CEO of the Ministry of Finance Incorporated (MOFI), Dr Armstrong Takang, described the awards as a groundbreaking development in Nigeria’s approach to public asset management. He said, “It is a first-of-its-kind initiative in Nigeria dedicated to recognising excellence in corporate governance and performance across Federal Government-owned and Linked Enterprises.”

    Takang explained that MOFI’s broader reform agenda over the past year is aimed at transforming how Nigeria manages its public investments. “From launching the MOFI Corporate Governance Scorecard to now instituting an awards programme that recognises outstanding performance, we are translating reform ideas into tangible outcomes,” he said. According to him, MOFI’s strategy is anchored on “honest investments and transparent strategies,” which are essential for sustaining growth.

    Reflecting on the launch of the Corporate Governance Scorecard earlier this year, Takang said the tool has initiated a shift in mindset across public enterprises. “When we launched the Scorecard earlier this year and conducted a pilot implementation round with participation from more than half of MOFI portfolio companies, it was more than just unveiling a new tool – it was the start of a culture shift,” he said. He added that the scorecard “fundamentally redefines governance as a strategic asset, driving transparency, accountability, and long-term value creation.”

    Takang also noted that MOFI is applying the same standards internally. He said the organisation has strengthened board effectiveness, ethics policies, and risk management systems within its operations.

    “This approach ties our reputation to the performance of the enterprises we oversee and sends a clear message: MOFI is not just an asset manager; we are a partner and a participant in this collective effort” he said.

    In his remarks, the Chairman of the MOFI Board, Dr Shamsudeen Usman, represented by Hajia Fatima Nana Mede, said the awards are intended to motivate public sector agencies to raise their performance standards. “We want to send a clear message across the public sector that transparency, accountability and performance will be noticed and rewarded,” he said.

    Usman added that MOFI also hopes to foster positive competition among its portfolio companies. “We also want to foster a healthy sense of competition and peer learning among our portfolio companies. When an agency sees a peer celebrated for excellence, I expect it to spark inspiration: ‘If they can do it, so can we.”

    The Chairman of the Awards Panel, Chief JK Randle, said the initiative represents a timely opportunity to elevate governance standards and inspire stronger performance across public enterprises.

    The inaugural MOFI Excellence Awards will be conducted through a fully independent process, with the judging panel expected to begin evaluating qualifying agencies in the coming months.

    The Federal Government says the programme will become an annual benchmark for excellence in Nigeria’s public enterprise ecosystem.

  • ‘New system will curb leakages, others’

    ‘New system will curb leakages, others’

    Federal Government has launched a technology-driven revenue system, Revenue Optimisation and Assurance Project, an initiative to redefine how the nation tracks, collects, and manages its public finances.

    It also launched Federal Treasury Receipt a reform that provides a single, standardised, and digitally verifiable proof of payments in Federal Government account.

    FTR ensures every government-issued receipt directly corresponds to funds received into government accounts.

    The initiative was championed by Federal Ministry of Finance, with Office of  federal Accountant-General, Central Bank, and FIRS.

    At the presentation in Abuja, Minister of Finance, Wale Edun, pledged government’s commitment to strengthen fiscal responsibility through innovation and technology.

    He described REVOP as a cornerstone of President Bola Ahmed Tinubu’s economic reform agenda, which focuses on stabilization, recovery, and growth.

    Read Also: DHQ convenes border security meeting over clash with Niger soldiers

    The minister noted that the imitative ‘represents a unified effort to safeguard every kobo of public revenue through innovation, automation, and accountability, by bringing all revenue under a single, technology-driven framework that promotes transparency and fiscal discipline’.

    Edun added that REVOP was created to ‘identify, collect, reconcile, monitor, and protect government revenues across all Ministries, Departments, Agencies (MDAs), and Federal Government-Owned Enterprises (FGOEs)’.

    He said: “It is our determination to make sure we bring in every single penny. There’s government money lying outside the TSA, lying outside of the Central Bank, and it requires enforcement, consensus, and the right use of technology”.

    Designed to implement the Central Billing System (CBS) of the government which became operational on October 1, REVOP allows for instant reconciliation of government payments, giving public finance managers real time visibility of transactions.

    Other aspects of the initiative include the Revenue Splitting Engine, Treasury Management System, and Revenue Monitoring Dashboard, which are designed to ensure that every transaction within the government’s revenue chain is visible, verifiable, and traceable.

    Aside from its technology-driven system, REVOP will also help to rebuild trust in public finance and empower policymakers with accurate financial intelligence and enable more effective decision-making.

    It will also strengthen fiscal transparency and ensure that every government revenue stream can be monitored in real time, representing a shift from a paper-driven, reactive system to a transparent, proactive, and technology-enabled model.

    “Our goal is simple but vital – every naira earned by the government must be visible, traceable, and used responsibly for the benefit of Nigerians. REVOP is a bold and practical step toward that vision, one that builds trust, strengthens accountability, and supports sustainable growth,” Edun added.

  • FG seeks collective action on water crisis

    FG seeks collective action on water crisis

    The federal government has warned that Nigeria’s deepening water crisis cannot be resolved by government action alone. 

    Officials say communities, states, and development partners must join forces, with more than 70 million Nigerians still lacking access to clean drinking water.

    They stressed that the challenge is a national concern but also a personal reality for families across the country.

    Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, issued the call in Abuja on Wednesday during the public launch of the Lokoja Dialogue, a forum convened to deliberate on the country’s persisting water crisis.

    According to Edun, the urgency of the situation requires direct community participation. “At the community level, action must be taken. People must be incentivised, mobilized, empowered to make their contribution — including to this water crisis,” he said.

    He added that state governments also bear significant responsibility in finding solutions. “The States have their role to play. Under President Tinubu, they have more funds than they’ve ever had. So they are more empowered to contribute,” he stated.

    Edun noted the nationwide disparities in water availability, pointing to both excess and scarcity. “Water is life, and the reforms of the current government are all about improving lives. Gaps remain, despite the progress made. We’ve heard it earlier: over 70 million Nigerians still lack clean drinking water,” he said.

    Drawing from his past experience in the Niger Delta, he recalled a time when communities battled contaminated water. “In the South, in the Delta — I was on the board of the Trust Fund — and the water there had benzene in it. That was their problem. In the North, as we know, with the drying up, desertification, and scarcity. So there’s an abundance of water in the South. In the North, scarcity of water. But at the same time, these issues affect real families and vulnerable communities,” he added.

    Edun explained that the federal government recognises water as the bedrock of public health, food security, productivity, and national stability. He called on all stakeholders to “work together to find the solutions to the problems” through clear policy direction, partnerships, and innovative financing models.

    “Money solves all things,” he noted. “And a lot of the people convened and gathered here today — a big part is finding financing to implement the solutions we come up with. And that will help us achieve what we’re looking to do: to have resilience, inclusivity as we grow the economy, and give people the dignity of having enough water to take care of themselves, to nourish themselves, and to ensure that no community is left behind.”

    Speaking on behalf of the First Lady, Senator Oluremi Tinubu, the wife of the Vice President, Hajiya Nana Shettima, said the impact of water scarcity continues to shape the daily lives of households across Nigeria. She observed that communities are experiencing both droughts and floods, each posing threats to livelihoods and food production.

    “Across our country, families seek better access to clean water, food, and energy. In some places, farmlands are dry, while in others, floods wash away fertile soils and harvests. And where the harvest fails, it is women and children who are most at risk,” she said.

    She described the Lokoja Dialogue as an important platform for community-driven solutions. “This initiative exists to connect communities, define our agendas, policy, partnership, and investment, to cultivate and thrive sustainable water solutions, and recycle our discarding and climate-driven poverty,” she added.

    Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, reflected on Africa’s longstanding relationship with water, noting that the history of the continent is deeply tied to water systems.

    “I would like to say that the history of Africa, of our continent, is inextricably tied to the history of water and water systems,” he said. “The history of Africa is about movements… and a lot of it has to do with water — the search for water, the search for better grazing land, for cattle, for farming.”

    Tuggar linked this historical context to present-day priorities under the Tinubu administration, particularly food security. According to him, the government’s drive to strengthen food supply “is of course premised on the water, how we use water, and how we manage it.”

    He noted that Nigeria remains fortunate to be richly endowed with water resources. “We are lucky to be blessed with water, because Nigeria itself was born out of the confluence of two great African rivers,” he said. “Even before the maps were drawn, the people that lived around those two rivers traded with each other, they intermarried, they lived together. That coexistence has always been there.”

    The Lokoja Dialogue is expected to serve as a platform for forging long-term solutions to Nigeria’s water crisis, with attention to climate impacts, financing gaps, and sustainable water management.