News Agency of Nigeria
Long-term financial planning, risk management crucial to secure retirement – NAICOM 

Long-term financial planning, risk management crucial to secure retirement – NAICOM 

 

 

 

 

 

 

By Taiye Olayemi

 

 

 

The National Insurance Commission (NAICOM) says long-term financial planning and risk management are crucial for securing a comfortable retirement.

 

 

 

Its Chief Executive Officer, Mr Olusegun Omosehin, said this during the 2025 edition of Inspenonline Retirement Summit on Wednesday, in Lagos.

 

 

 

Omosehin, who was represented by Mr Julius Odidi, Lagos Director of NAICOM, said individuals must prioritise early planning and saving for their retirement to ensure financial stability and security in their golden years.

 

 

 

The theme of the summit is “Attaining Good Retirement Amid Economic Headwinds”.

 

 

 

The Commissioner for Insurance said that financial planning was essential due to growing complexities retirees face in an era defined by inflationary pressures, market volatility, and shifting demographic patterns.

 

 

 

He said, “The reality today is that more individuals are approaching retirement with concerns about income sustainability, healthcare costs, and the adequacy of their pension savings.

 

 

 

“These economic headwinds are not merely statistics, they represent the lived experiences of millions of our citizens. As regulators, insurers, pension administrators, and policymakers, we must rise to this challenge with innovation, empathy, and resilience

 

 

 

“From the insurance sector’s perspective, retirement planning must be rooted in long-term financial protection and risk management.

 

 

 

“Products such as annuities, life insurance, and retirement savings plans are not just financial instruments, they are vital tools for peace of mind in later life. We must work to ensure these tools are accessible, transparent, and align with the evolving needs of our aging population.”

 

 

 

According to Omosehin, the economic headwinds confronting retirees could be surmounted through coordinated action, strategic foresight, and trust in financial instruments, institutions and systems.

 

 

 

He said to navigate the period effectively, policy alignment and regulatory reforms must be focused on.

 

 

 

He noted that product relevance and accessibility as well as financial literacy and consumer empowerment must also be priotised.

 

 

 

“We must ensure that our policies across the insurance, pension, and financial sectors are not working at cross-purposes.

 

 

 

“Regulation must be enabling, responsive, and focused on long-term value rather than short-term gains.

 

 

 

“Industry must invest in designing affordable, relevant, and inclusive retirement products, especially for the informal sector, which constitutes a significant portion of our population.

 

 

 

“Micro-insurance and digital platforms hold tremendous potential in this regard,” he said.

 

 

 

Omosehin urged insurers, and regulators to collaborate, innovate, and advocate for policies and practices that will ensure every Nigerian retiree have the means to survive and the resources to thrive.

 

 

 

“At NAICOM, we remain committed to deepening insurance penetration, strengthening consumer confidence, and fostering partnerships across the financial services system.

 

 

 

“We are actively engaging with stakeholders to develop frameworks that enhance the integration of insurance and pension systems, especially in addressing longevity risks and post-retirement income security,” he said.

 

 

 

Also, Mr Akinjide Orimolade, Managing Director, Stanbic IBTC Insurance Ltd. explained the rudiments of the company’s new plan known as “Sunset Benefit Plan”, which allows for effective planning ahead of retirement.

 

 

 

The Chairperson, Nigeria Labour Congress, Lagos Chapter, Funmi Sesi, called on all levels of government to ensure full compliance with the Contributory Pension Scheme (CPS) as only six states were currently complying.

 

 

 

Sesi also emphasised the importance of prompt payment of gratuity to workers, stressing that delayed payments could cause financial hardship and uncertainty for affected employees.

 

 

 

Meanwhile, Mr Chuks Okonta, Publisher of Inspenonline and organiser of the Retirement Summit, stated that the event aimed to shift the narrative around retirement.

 

 

 

According to Okonta, many people view retirement as a daunting prospect, fearing financial uncertainty.

 

 

 

He said: “We want to change this perception, our goal is to empower individuals to plan effectively for retirement, enabling them to look forward to this phase of life with joy and confidence, rather than fear and uncertainty.” (NAN)

 

Edited by Olawunmi Ashafa

Align African engineering education with global standards – NSE

Align African engineering education with global standards – NSE

 

 

 

By Yunus Yusuf

 

The Nigerian Society of Engineers (NSE) has emphasised the need to align African engineering education with global standards, while adapting such standards to local realities.

 

The society also called for greater investment in infrastructure, partnerships, and digital tools to bridge the gap between academia and industry.

 

Mrs Margaret Oguntala, President of the NSE, made this call during her panel remarks at the African Content Collaboration Session of the 2025 Offshore Technology Conference (OTC) held on Wednesday in Houston, Texas, U.S.

 

The News Agency of Nigeria (NAN) reports that the session has as its theme, “Local Content Development and Partnership for Africa’s Energy Sustainability”.

 

It focused on advancing engineering capacity and energy innovation across the continent.

 

Oguntala outlined key strategies for aligning African engineering education with international benchmarks.

 

She said that these include curriculum and faculty development, stronger engagement with industry, accreditation processes, and fostering innovation.

 

She emphasised the importance of developing syllabi that reflect global best practices while building local talent pipelines.

 

“In Nigeria, we have begun implementing an Outcome-Based Education (OBE) system, which prioritises technical competencies over theoretical knowledge.

 

“This is a significant step forward for engineering education in Africa,” she said.

 

Oguntala also highlighted Nigeria’s efforts toward global recognition, noting that the Council for the Regulation of Engineering in Nigeria (COREN) is a provisional signatory to the Washington Accord, an international agreement promoting outcome, based engineering education.

 

“This progress underscores the importance of collaboration between government, academia, and industry.

 

“The government must be intentional in funding institutions, providing modern training facilities and equipment to ensure hands-on learning for engineering students,” she added.

 

In the spirit of regional collaboration, Oguntala revealed that Nigeria is mentoring engineering boards in Kenya and Ghana to adopt similar standards.

 

According to her, this aims to strengthen the continent’s engineering talent base.

 

She, however, said that inadequate funding remained a major challenge.

 

“The Nigerian Content Development and Monitoring Board (NCDMB) is playing a supportive role.

 

“For example, an innovation hub is being developed in partnership with the University of Lagos, and we need more initiatives like this to expose students to emerging technologies,” she said.

 

Also speaking at the event, Mr Walter Akpani, Managing Director of Providus Bank, stressed the importance of supporting Small and Medium Enterprises (SMEs) as key drivers of economic growth.

 

“SMEs are often overlooked in the oil and gas value chain, but they are crucial,” Akpani said.

 

“There is no one-size-fits-all financing template; institutions must understand the unique transactional dynamics of each SME.”

 

He noted that high naira-based financing costs are a barrier to SME sustainability, advocating for more flexible funding options.

 

“Dollar-denominated financing, despite exchange rate concerns, may offer more affordability in the long run,” he added.

 

In a related presentation, Mr Emmanuel Emefienim, Managing Director of Premium Trust Bank, represented by Executive Director Mrs Bukola Awosanya, discussed financial de-risking strategies for the oil and gas sector.

 

“Banking is fundamentally about providing funds and ensuring repayment.

 

“Within the oil and gas sector, which has a complex value chain, financing models must be structured to manage or transfer risk effectively,” she said.

 

Awosanya described the African Energy Bank initiative as a promising model for pooled funding.

 

“Oil and gas projects typically require substantial, long-term financing.

 

“Financial institutions must collaborate with energy firms and adopt structures that ensure timely access to funds and risk mitigation,” the managing director stressed.

 

She noted that long-term loans should be viewed as strategic balance sheet items, and that alternative financing tools could further support sector development. (NAN (www.nannews.ng)

 

Edited by Olawunmi Ashafa

 

CFG Africa introduces Naira fixed income fund   

CFG Africa introduces Naira fixed income fund  

 

By Olawunmi Ashafa

 

As a response to the growing need for stable and reliable investment opportunities in the nation’s dynamic economic landscape, CFG Africa has introduced the GFG AM Naira Fixed Income Fund.

 

The launch event, which took place in Lagos on Wednesday, gathered key stakeholders, investors, and the CFG Africa leadership team.

 

The CFG AM Naira Fixed Income Fund is a managed open-ended unit trust scheme designed to provide investors with investment liquidity, diversification, and competitive returns through investments in high-quality Naira-denominated fixed income securities.

 

This fund is tailored for individuals, corporates, high net worth investors, and institutions seeking stable and reliable investment growth.

 

Speaking during the launch, Mr Babajide Lawani, the Managing Director of CFG Africa Ltd., emphasised the strategic importance of the Fund.

 

“The introduction of the CFG AM Naira Fixed Income Fund is a deliberate step in expanding our capacity to serve a broader spectrum of investors.

 

“It allows us to channel capital into stable, Naira-denominated assets, contributing to a more resilient and inclusive financial market in Nigeria.

 

“This launch demonstrates our proactive approach to addressing market dynamics and providing solutions that meet the long-term investment goals of our clients.

 

“We believe this fund offers a crucial avenue for Nigerians to participate in stable investment opportunities, contributing to their financial well-being and the broader economic landscape.”

 

Also, Mr Adedoyin Wilson-Diamond, Chief Investment Officer of CFG Africa Ltd., added, “In a dynamic economic environment, preserving capital and achieving consistent returns are paramount.

 

“The CFG AM Naira Fixed Income Fund has been meticulously structured to navigate market fluctuations and deliver competitive yields through prudent investment in quality Naira-denominated assets.

 

“Our active management approach will ensure we capitalise on opportunities while effectively managing risk,” he said.

 

CFG Africa views the current macroeconomic landscape as an opportune moment to introduce such a fund, providing a hedge against volatility while offering consistent returns.

 

The fund’s assets will be held by an independent custodian, Rand Merchant Bank Ltd., with AVA Trustees Ltd. acting as the independent trustee, ensuring the highest standards of security and governance.

 

CFG Africa remains committed to providing innovative and accessible financial solutions that empower individuals and institutions to achieve their financial goals. (NAN)

 

Edited by Folasade Adeniran

NGX honours Pascal Dozie with heartfelt tributes

NGX honours Pascal Dozie with heartfelt tributes

 

 

 

 

 

By Taiye Olayemi

 

The Nigerian Exchange Group (NGX) on Tuesday gathered capital market stakeholders to honour late financial icon, Dr Pascal Dozie, who passed on April 8, aged 85.

 

 

 

Born on April 9, 1939, Dozie was a pioneer in Nigeria’s financial landscape, revered for founding Diamond Bank and chairing Pan-Atlantic University.

 

 

 

Dozie also served as President of the Nigerian Stock Exchange, now NGX Ltd, where he led pivotal reforms and inspired market transformation.

 

 

 

The event, with the theme ‘An Afternoon of Tribute and Closing Gong Ceremony‘, celebrated Dozie’s enduring legacy and visionary leadership.

 

 

 

NGX Group Chairman, Alhaji Umaru Kwairanga, praised Dozie’s impact on Nigeria’s capital market, describing him as a leader of unmatched humility.

 

 

 

“Today, we celebrate a life of integrity, purpose, and service,” said Kwairanga, encouraging others to mirror Dozie’s entrepreneurial spirit.

 

 

 

He recalled Dozie’s presidency of the Exchange as a cornerstone in building a transparent and sustainable financial ecosystem.

 

 

 

Kwairanga added that Dozie’s foresight and institutional reforms extended confidence across Africa’s markets.

 

 

 

Dr Ernest Ndukwe, MTN Nigeria Chairman, hailed Dozie’s strategic leadership, which catalysed innovation and broadened market participation.

 

 

 

He praised Dozie’s economic insight and philanthropy in healthcare, education, and community development.

 

 

 

“His influence at MTN was stabilising and profound. Nigeria must now carry his torch,” Ndukwe urged.

 

 

 

Chairman, Lagos Chamber of Commerce and Industry, Gabriel Idahosa, described Dozie as a steward of institutions whose leadership transcended borders.

 

 

 

Nigerian Economic Summit Group (NESG) Chairman, Mr Olaniyi Yusuf, noted Dozie’s founding role in the Summit Group, driving transformative economic dialogue since 1993.

 

 

 

Mrs Elizabeth Ebi of Futureview Financial Services called Dozie a mentor and praised his groundbreaking Exchange leadership.

 

 

 

She encouraged his children to advance his legacy through their work in the capital market.

 

 

 

“I called him Uncle — his support shaped my career,” Ebi said, recalling his influence before she became Nigeria’s first female stockbroker.

 

 

 

NGX Regulation Ltd. Chairman, Mr Olufemi Akinsanya, remembered Dozie as a humble reformer and trailblazer in digital banking.

 

 

 

“Diamond Bank, under Dozie, pioneered banking digitisation. His quiet leadership changed the financial sector forever,” he said.

 

 

 

Uzoma Dozie, speaking for the family, thanked NGX for the honour and described his father as a servant leader.

 

 

 

“He was a hustler and a servant—always working so others could rise. His story is of resilience and reinvention.

 

 

 

“Pascal Dozie is remembered not just as a banker, but as a builder of futures, economies, and hope,” Uzoma said. (NAN) (www.nannews.ng)

 

Edited by Kamal Tayo Oropo

Lokpobiri urges African countries to unite against energy poverty

Lokpobiri urges African countries to unite against energy poverty

 

 

 

By Yunus Yusuf

 

Mr Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), has urged African nations to forge a united front in the battle against energy poverty across the continent.

 

Lokpobiri made the call on Monday during the opening ceremony of the Nigerian Pavilion, hosted by the Petroleum Technology Association of Nigeria (PETAN), at the ongoing Offshore Technology Conference (OTC) in Houston, Texas, U.S.

 

The News Agency of Nigeria (NAN) reports that the theme of the 2025 PETAN conference is: “Africa’s Energy Renaissance: Leveraging Innovation and Natural Gas for Sustainable Development”.

 

The minister stressed the need for Africa to develop cohesive policies that are tailored to the continent’s unique circumstances, warning that fragmented approaches would be ineffective in addressing the escalating energy deficit.

 

“This conference is not a jamboree. It is a platform for Nigeria, and by extension, Africa—to showcase its vast potential,” Lokpobiri said.

 

He underscored the importance of regional collaboration, highlighting the Africa Petroleum Producers Organisation (APPO) as a strategic entity established to devise shared solutions for the continent’s energy challenges.

 

Lokpobiri also expressed his approval of Donald Trump’s return as President of U.S., suggesting it could help decelerate what he termed the “hypocritical” global energy transition narrative, saying,” it has put Africa at a disadvantage”.

 

According to him, the prevailing global discourse on energy transition is largely influenced by geopolitical considerations.

 

In response to this challenge, he announced that APPO is in the process of establishing the African Energy Bank to bridge funding gaps and ultimately free the continent from energy poverty.

 

“This is an opportunity to let you know that your concerns are gradually being addressed.

 

“As members of APPO, we are in partnership with Afrexim Bank, which during our last meeting disclosed that it has an exposure of nearly $14 billion.

 

“This amount, along with an additional

$5 billion as the initial take-off capital, will be transferred to the African Energy Bank—bringing the total to over $19 billion,” he disclosed.

 

He further stated that the African Energy Bank is scheduled to begin operations within the current quarter.

 

Lokpobiri called on African nations to repatriate investments held overseas and channel them into the African Energy Bank to bolster the continent’s energy security.

 

During a meeting with his Ghanaian counterpart, Lokpobiri advised Ghana to draw lessons from Nigeria’s past experiences in the energy sector, particularly in avoiding early missteps.

 

In his address, Ghana’s Minister of Energy and Green Transition, Mr John Abdullahi, acknowledged Nigeria’s leading role in the region.

 

He stated that while Ghana is a relatively new player in the oil and gas sector, it is eager to learn from Nigeria’s experiences and reforms, especially in the areas of local content development and climate policy.

 

“We will continue to consult Nigeria as we build a successful oil and gas industry.

 

“The collaboration between both countries remains strong,” Abdullahi said.

 

Earlier, the Chairman of PETAN, Mr Wole Ogunsanya, emphasised the significance of Nigeria’s presence at OTC.

 

Ogunsanya stated that “This year’s event, under the Nigerian Pavilion, is set to highlight Africa’s growing role in the global energy sector.

 

“OTC 2025 promises to bring together top-tier industry leaders, policymakers, and stakeholders at the world’s largest energy event.”

 

He noted that PETAN’s consistent participation over the years had significantly contributed to the growth of Nigeria’s oil and gas industry.

 

Ogunsanya recalled that two decades ago, the Nigerian National Petroleum Corporation (NNPC) tasked PETAN with coordinating Nigeria’s activities at OTC, with the primary objective of attracting investment and fostering strategic partnerships.

 

He underscored the imperative for Nigeria to continue building capacity and driving value creation across the entire oil and gas value chain.

 

NAN also reports that the event was well-attended by Nigerian government officials, key stakeholders in the oil and gas sector, exhibitors, and delegates from various West African nations.(NAN)(www.nannews.ng)

 

Edited by Olawunmi Ashafa

CSCS launches USSD code to enhance investment services accessibility

CSCS launches USSD code to enhance investment services accessibility

 

 

By Taiye Olayemi

 

The Central Securities Clearing System Plc (CSCS) has launched its Unstructured Supplementary Service Data (USSD) code to enhance the ease and accessibility of investment services for all users.

 

The newly launched code *7270#, which is set to go live on Thursday, May 8, is meant to leverage the network capabilities of MTN Nigeria to bring unparalleled convenience to investors.

 

Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of CSCS, said in a statement that due to the firm’s relentless commitment to innovation, it aimed to revolutionise information access within the Nigerian capital market through the USSD code service.

 

Jalo-Waziri said that the Central Securities Depository (CSD) and the CSCS focused on enhancing investor experiences and providing deeper market insights with unparalleled convenience.

 

He explained that the CSCS USSD code service offered seamless access to essential market information directly from mobile phones, eliminating the need for internet connectivity or specialised trading platforms.

 

He said investors can now effortlessly retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.

 

“We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratise access to account and portfolio information.

 

“This service empowers every investor, regardless of their location or resources, to stay informed about their investments.

 

“At CSCS, we believe that financial inclusivity is key to driving economic growth.

 

“Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape, leveraging the spread of the MTN network.

 

“This collaboration enhances the investing experience, reinforcing our shared commitment to empowering individuals with the tools they need to manage their financial futures effectively,” he said.

 

Also, Aisha Mumuni, Chief Digital Officer of MTN Nigeria, said, “This collaboration with CSCS on the *7270# USSD service underscores MTN’s commitment to harnessing the power of mobile technology to simplify complex processes for our users.

 

“By making critical investment information available at the touch of a button, we are helping to democratise access to the capital markets and, in the process, enhance investor engagement and market transparency.”

 

The CSCS USSD code service will initially be available to MTN users only.

 

However, CSCS plans to expand this service to other networks soon.

 

This innovative service offers investors streamlined and secure access to critical market information at their fingertips.

 

CSCS serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds (such as the FGN Sukuk and the FGN Savings Bond).

 

Others include Equity-traded Funds, Real Estate Investment Trusts, Mutual Funds, and Commodities.

 

CSCS is licensed and regulated by the Securities and Exchange Commission (SEC).(NAN) (www.nannews.ng)

 

Edited by Olawunmi Ashafa

West Africa IMT 2025: Turning global trade shifts into regional strength

West Africa IMT 2025: Turning global trade shifts into regional strength

 

By Taiye Olayemi

 

As global trade navigates the complexities of rising international tensions, West Africa is proactively charting a course towards economic empowerment.

 

This is through enhanced regional integration and strategic industrial development.

 

Instead of being sidelined by shifts in global alliances, the region is seizing the moment to strengthen its internal capacity and become a more attractive global partner.

 

The African Continental Free Trade Area (AfCFTA) is providing the framework for this transformation, fostering stronger intra-African trade links.

 

Examples of this progress include Ghana’s projected six per cent increase in regional exports, the growth of Senegal’s textile industry catering to regional demand, and Côte d’Ivoire’s advancements in value-added cocoa processing for wider markets.

 

These initiatives demonstrate the tangible benefits of a unified economic bloc.

 

The Minister of Finance, Mr Wale Edun, had earlier highlighted this opportunity, stating that while the escalating tariff conflicts were serious, “it presents an opportunity for Nigeria”.

 

According to him, it will reposition itself as a competitive trade and investment destination, attract supply chain diversification, and deepen local value addition in key export sectors.

 

The upcoming West Africa Industrialisation, Manufacturing and Trade (West Africa IMT) Summit & Exhibition 2025, with has the theme; “Accelerating West Africa’s Sustainable Industrial Revolution for Economic Prosperity,” will serve as a platform to concretise these solutions.

 

Taking place in Lagos from Oct. 21 to Oct. 23, the summit will convene key stakeholders to develop actionable strategies for regional industrial advancement and trade diversification.

 

Mrs Wemimo Oyelana, Portfolio Director, Africa, dmg events, said that the proactive nature of the event, stating, “The ongoing global trade tensions present a critical opportunity for Africa to reset its trade strategy, prioritising intra-continental partnerships and diversifying its international trade mix.

 

“The West Africa IMT Summit and Exhibition will bring together senior stakeholders from across the continent to chart a course for a resilient and sustainable industrial revolution in the region.”

 

The focus will be on practical solutions such as creating favourable investment climates, mobilising capital for industrial projects, building robust regional and value chains.

 

It will alsi help in accelerating the development of essential infrastructure and sustainable energy sources.

 

The West Africa IMT Summit and Exhibition offers a timely and strategic forum for the region to collectively design and implement solutions for sustainable industrialisation.

 

Through policy roundtables, investment showcases and thematic sessions, delegates will collaborate on strategies to enhance trade, and foster industrial innovation.

 

It will also build resilient infrastructure, leverage digital commerce, and secure necessary financing.(NAN)

 

Edited by Olawunmi Ashafa

NASRDA, UNICCON sign MoU on advancing Nigeria’s space technology

NASRDA, UNICCON sign MoU on advancing Nigeria’s space technology

 

 

By Jessica Dogo

 

The National Space Research and Development Agency (NASRDA) and UNICCON Group of Companies, have signed a Memorandum of Understanding (MoU) on advancing Nigeria’s space technology and innovation landscape.

 

The signing of the MoU held at the UNICCON Group’s headquarters on Monday in Abuja.

 

The News Agency of Nigeria (NAN) reports that the engagement focused on collaborative opportunities in research and development, Unmanned Aerial Vehicle (UAV) systems, technical advancements, and specialised training programs.

 

Both organisations expressed a strong commitment to leveraging their combined expertise to propel Nigeria’s position in the global space arena.

 

The Director General of NASRDA, Dr Mathew Adepoju, reteirated the agency’s dedication to fostering private-sector collaborations that drove innovation and national development.

 

”Our vision is to establish a thriving, sustainable space ecosystem in Nigeria, driven by active private-sector participation.

 

“Partnerships like this are crucial for accelerating innovation and ensuring that space technology contributes tangibly to our national economy and the lives of ordinary Nigerians,” he said.

 

In his response, the Chairman, UNICCON Group, Prof. Chuks Ekwueme, expressed optimism about the collaboration, highlighting the company’s readiness to contribute its technological expertise.

 

Ekwueme said that the organisation was committed to supporting NASRDA’s mission by bringing advanced technological solutions to the table.

 

“Together we aim to achieve significant milestones that will benefit Nigeria’s space sector and beyond,” he said.

 

Both organisations expressed optimism about the partnership’s potential to yield groundbreaking outcomes, reinforcing Nigeria’s commitment to becoming a key player in space technology and innovation. (NAN)

 

Edited by Deborah Coker

FG reiterates commitment to prioritise women’s health, well-being   

FG reiterates commitment to prioritise women’s health, well-being  

 

 

 

 

 

By Oluwafunke Ishola

 

The Senior Special Assistant to President Bola Tinubu on Women’s Health, Dr Adanna Steinacker, has reiterated the Federal Government’s commitment to prioritise and improve the health and well-being of women across the country.

 

Steinacker said this on Saturday in Lagos during the Banking on Women’s Health Conference organised by Healthtracka, a digital health platform.

 

She assured Nigerian women that their health would no longer be a footnote but a front-page priority, emphasising her commitment to championing the advocacy through her office.

 

According to her, conversations that are critical to moving women’s health agenda forward are often silenced, stressing the need to share the stories openly to educate, support, and connect with other women.

 

“The absence of intentional storytelling has left too many women isolated in their pain.

 

“They followed us into adulthood, through illnesses, through birth stories, miscarriages, fertility challenges, postpartum complications, and now for some of us, into menopause.

 

 

“That discomfort has now become my purpose, to break the silence and to build a new culture, one where women’s health is spoken about loudly, boldly, and backed by action,” she said.

 

Steinacker highlighted the Women’s Health Media Hub, a digital-first platform designed to bridge the gender health information gap for Nigerian women as an initiative of her office.

 

“This platform will provide accessible, culturally attuned, evidence-based content so women across Nigeria can make informed decisions about their health,” she said.

 

She also highlighted the Healthy Women, Healthy Nations National Advocacy Campaign, a mobilisation platform comprising a series of sub-campaigns in all six geopolitical zones.

 

According to her, the initiative highlights specific health needs, elevates community-driven solutions, and sparks vital policy conversations from the grassroots to national impact, powered by the people.

 

She stressed the need for collaboration to amplify the work being done on women’s health, stressing that the boldest policy means nothing if it does not meet real people in real-time.

 

“So, to our investors and donors, the time to fund women’s health innovation is now. Not as charity, but as the smartest investment in our nation’s prosperity.

 

“When women are healthy, communities thrive, families prosper, and our nation blooms,” she said.

 

Steinacker commended the Founder of Healthtracka, Ifeoluwa Dare-Johnson, for innovations that promoted women’s health and well-being from at-home HPV kits to low-light AI and AI-powered menstrual health chatbots.

 

She said the innovative products are reaching thousands of Nigerian girls and changing healthcare delivery care and access.

 

“Dare-Johnson is proof that tech-powered, user-centred innovation is not just the future, it is already saving lives today. And it’s even more powerful when combined with community engagement,” she said.

 

Similarly, Rodio Diallo, Deputy-Director, Family Health, Gates Foundation, reaffirmed the foundation’s unwavering commitment to advancing women’s health in Nigeria.

 

Diallo said every day, preventable complications during pregnancy and childbirth claim the lives of women who are the backbone of their families and communities.

 

According to her, this reality underscores the imperative to act swiftly, decisively, and collaboratively.

 

She noted that the foundation is supporting the federal government through strategic lifesaving interventions and partnerships in strengthening primary health centres, family planning, improving maternal and newborn health outcomes, among others.

 

“By partnering with government agencies, local organisations, and community leaders, we aim to create a unified front against the challenges facing women’s health.

 

“Together, we can amplify our impact and drive systemic change.

 

“Our vision is clear. A Nigeria where every woman has access to the health care she needs, where maternal deaths are a rarity, and where women can thrive and contribute fully to their community.

 

“Achieving this vision demands our collective commitment, innovation, and resilience,” Diallo said.

 

Also, Prof. Akin Abayomi, Lagos State Commissioner for Health, said women constituted over 50 per cent of the country’s population.

 

Abayomi, represented by Dr Victoria Egunjobi, Director, Disease Control, at the ministry of health, said Lagos was committed to improving the health and well-being of women in the state.

 

The Founder of Healthtracka and Convener of the conference, Ifeoluwa Dare-Johnson, said that women’s health has been underdiagnosed and underfunded for long.

 

Dare-Johnson stressed that women’s health is not a personal issue but a national and economic issue.

 

She emphasised that the event represented a defining moment in the movement to centre women’s health in investment, innovation and policy conversations across Africa.

 

The News Agency of Nigeria (NAN) reports that the event featured the inauguration of the “State of Women’s Health in Nigeria Report.”

 

It is a first-of-its-kind, data-rich report that provides critical insights into the challenges and opportunities within Nigeria’s healthcare system for women. (NAN) (www.nannews.ng)

 

Edited by Vivian Ihechu

Experts urge boost in women’s health research

Experts urge boost in women’s health research

 

 

 

 

 

 

 

 

By Oluwafunke Ishola

 

A Professor of Obstetrics and Gynaecology, Bosede Afolabi, has urged all tiers of government to intentionally increase funding for health research, especially for women.

 

 

 

 

 

Afolabi, Director of Clinical Trials, Research and Implementation Science (CCTRIS), University of Lagos, made the appeal at the ‘Banking on Women’s Health Conference’ in Lagos.

 

 

 

 

 

The event, held on Saturday, was organised by Healthtracka. Afolabi delivered a presentation titled, ‘The Future of Women’s Health Begins with Research.’

 

 

 

 

 

She stressed that the lack of funding in women’s health research represents a missed opportunity to strengthen healthcare services and outcomes for women.

 

 

 

 

 

Afolabi highlighted major diseases under-researched in women, in spite of their prevalence.

 

 

 

 

 

“Lung cancer, the top cancer in women, has under 15 per cent female-focused research.

 

 

 

 

 

“Alzheimer’s affects two-thirds of women, yet less than 12 per cent of related research centres on them,” she said.

 

 

 

 

 

She also noted that heart disease remains the leading killer of women, with sickle cell also under-researched, particularly in female patients.

 

 

 

 

 

Afolabi explained that clinical trials need significant financial backing. However, Nigeria allocates less than 0.2 per cent of its GDP to research.

 

 

 

 

 

She compared global investment: Europe allocates 27 per cent, Asia 31 per cent, and the United States, 37 per cent of GDP to research.

 

 

 

 

 

“The U.S. spends around $245 billion on medical research alone. That’s roughly equal to or more than Nigeria’s entire GDP,” she stated.

 

 

 

 

 

She described it as alarming that 90 per cent of Nigeria’s research funding still comes from international donors, rather than local commitment.

 

 

 

 

 

According to Afolabi, research is the foundation of evidence-based care. She urged non-partisan, focused investment in women’s health research at all government levels.

 

 

 

 

 

She stated that such investment is vital to improving women’s wellbeing and speeding up national economic growth and development.

 

 

 

 

 

Dr Modupe Elebute-Odunsi, Managing Director, Marcelle Ruth Cancer Centre, also called for increased education to tackle stigma surrounding cancer diagnoses.

 

 

 

 

 

She made this appeal while speaking on ‘Taking Action: Cancer Screening Can’t Wait’ during the same conference.

 

 

 

 

 

Elebute-Odunsi said cancer is not a death sentence. Early screening and advances in treatment now offer patients much better outcomes.

 

 

 

 

 

She noted many Nigerians delay hospital visits. Early screening and accessible treatment are essential to boosting survival rates in the country. (NAN) (www.nannews.ng)

Edited by Kamal Tayo Oropo

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