NEWS AGENCY OF NIGERIA
Nigeria’s trade growth hits 20.7% in 2024 – NEPC
Economy/Business

Nigeria’s trade growth hits 20.7% in 2024 – NEPC

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JBy Vivian Emoni

The Nigerian Export Promotion Council (NEPC) has said that the country’s trade volume reached 7.2 metric tons in 2024, with a 20.7 per cent increase in value, totaling 5.45 billion dollars.

Dr Nonye Ayeni, Executive Director of NEPC, said this on Monday in Abuja during the presentation of the 2025 roadmap organised by the Ministry of Industry, Trade and Investment.

“In terms of value, we grew by 20.7 per cent to 5.45 billion dollars, and we are now represented in 126 countries.

“This is a clear indication that Nigeria is making significant progress.

“The Renewed Hope Agenda of President Bola Tinubu is making a positive impact, and our efforts are showing results.

“We expect even better performance in 2025 as we continue to strengthen our drive,” he said.

Ayeni highlighted that the NEPC’s mandate was to diversify the nation’s economy dependency on oil by promoting non-oil exports.

She reiterated the council’s commitment to build the capacity of exporters, from the farm gate to market access.

“We are dedicated to working with exporters, improving their capacity in good agricultural practices, and ensuring we achieve the council’s mandate,” Ayeni said.

She said in 2024, the NEPC conducted about 629 capacity building programmes across the country, partnering with development organisations and agencies.

According to Ayeni, the council is working across all borders, from the North to the South and West, to mainstream export efforts.

“By mainstreaming these initiatives, we aim to increase the volume and value of non-oil exports, which will, in turn, help to build the capacity of exporters.

“We also want to offer international certifications to our exporters free of charge, enabling them to access niche markets and sell their products globally,” she said.

Ayeni emphasised the NEPC’s focus on connecting Micro, Small, and Medium Enterprises (MSMEs) with experienced exporters, offering training in various skill programmes.

“Our commitment to these efforts will significantly contribute to increasing the volume and value of Nigeria’s non-oil exports,” she said.(NAN) (www.nannews.ng)

Edited by Abiemwense Moru

Patients from US, others throng Nigeria hospitals – Shettima
Health

Patients from US, others throng Nigeria hospitals – Shettima

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By Salisu Sani-Idris

Vice-President Kashim Shettima says patients from the United States (US) and other countries are thronging Nigeria hospitals to seek affordable and high-quality kidney transplants.

Shettima said this on Thursday, during a courtesy visit by the Nigerian Association of Nephrology at the Presidential Villa, Abuja, ahead of the association’s 37th Scientific Conference.

According to the Vice-President, Nigeria is witnessing a surge in reverse medical tourism.

Shettima attributed the choice of Nigeria for treatment, to affordability and high-quality expertise within the country’s medical community.

He stressed the need for further investments in specialised medical education to sustain this progress.

“There is reverse medical tourism these days fundamentally because of the level of care at some of our hospitals.

” Recently, 13 patients from the United States came to Nigeria for kidney transplants at Zenith Medical and Kidney Centre, because it is much cheaper here.

“They received the same level of expertise available anywhere in the world,” Shettima said.

The Vice-President commended Dr Olalekan Olatise, Chief Medical Director of Zenith Medical and Kidney Centre, for his contributions to kidney care.

Shettima described Olatise as “a very decent man who is highly altruistic” in his efforts to assist humanity.

The Vice-President, however, noted the financial strain on patients, many of whom he said, sold their houses or rely on government support to afford the transplants.

“While getting a kidney transplant is a significant challenge, life after a transplant presents even more difficulties.

“Many patients struggle with the cost of post-transplant care, including immunosuppressants, which are essential to maintaining their health,” he said.

The Vice-President recalled healthcare initiatives he had embarked on during his tenure as Governor of Borno, as well as the success of ongoing free maternal care programmes he introduced.

“At a hospital in my neighborhood, we provide a bag of rice and beans to every new mother.

” They record about 30 births daily, more than even the University of Maiduguri Teaching Hospital (UMTH).

” Over 4,000 deliveries have been recorded in less than eight months, with all medical expenses covered, including caesarean sections,” Shettima said.

The Vice-President reiterated the need for Nigeria to build its medical workforce, noting that when he was in Borno as Governor, he took 60 female students to study Medicine in Sudan.

“About 58 of them completed their education and passed the Medical and Dental Council of Nigeria (MDCN) licensing exams.

” Most of them are now in their medical residency programmes. The beauty of training women in medicine is that they are more likely to stay back and serve their communities.

“We must make deliberate and targeted investments in specialised healthcare education in this country,” the Vice President said.

Earlier, Dr Olatise said that the conference with the theme, “Revolutionising Kidney Care in Nigeria: Evidence-Based Innovations,” will take place in Abuja from Feb.19 to Feb. 21.

Olatise, who is the Chairman of the Local Organising Committee (LOC) for the 37th Scientific Conference and Annual General Meeting of the association, announced plans to honour Shettima with the Kidney Champion Award.

This, according to him, is in recognition of his advocacy and direct support for kidney patients, including funding immunosuppressants and proposing the establishment of a specialised laboratory for post-transplant care.

“We have noticed the role the Vice President is playing in looking after kidney patients in the country.

” He has been involved in purchasing immunosuppressants, providing post-transplant care, and even considering setting up a lab to monitor calcineurin inhibitor (CNI) levels for kidney patients.

” This award is a recognition of his commitment,” Olatise said.

Other members of the delegation included Secretary of LOC, Dr Adegboyega Faponle, and the association’s Treasurer, Dr Manmak Mamven. (NAN) (www.nannews.ng)

Edited by Rotimi Ijikanmi

WFP earmarks .5bn for hunger, malnutrition in Nigeria
Agriculture

WFP earmarks $2.5bn for hunger, malnutrition in Nigeria

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By Felicia Imohimi

The United Nations World Food Programme (WFP) says it has budgeted 2.5 billion dollars in the 2023 to-2027  Nigeria Country Strategy Plans (CSP).

The News Agency of Nigeria (NAN) reports that this is geared towards achieving zero hunger and improved nutrition across the country.

Mr Seriene Loum, Head of Programme, WFP said this at the Co-creation workshop organised by the organisation on Wednesday in Abuja.

The workshop is in collaboration with National Social Investment Programme Agency (N-SIPA).

Loum, who represented WFP Country Director, said WFP strategic goal was to ensure a world without hunger in line with the SDG 1 and 2 on poverty and zero hunger.

He said the organisation would work closely with member states of United Nations including Nigeria to mobilise resources to fully implement the programmes.

“WFP Nigeria CSP 2023 t0 2027 a five-year project has a dedicated activity for strengthening institutional capacities and enhanced enabling environment in line with national target to achieve zero hunger by 2030.

“The project focus on food technology, fortification of  supply chain management, improving nutrition and emergency preparedness responses.

“2023 to 2027 have five pillars and each of them focus on zero hunger and improved nutrition.

“We have  some interventions that focus  on emergency response, making sure that people will not go to bed  hungry which are lifesaving activities that aim to provide immediate food assistant to people that are in need,’’ he said.

Loum identified Nigeria as operating one of the biggest social safety nets programme in Africa.

He said it was also encouraging that Nigeria had an ambitious safety nets programme target at uplifting hundreds of millions of its populace out of poverty.

He  said: “considering the current economic trend and level of vulnerabilities in Nigeria, the Cadre Harmonised (CH) result of October 2024 reveals that about 25 million Nigerians are acutely food insecure and projected to reach 33 million between June to August 2025.

“It is therefore expedient that all stakeholders, most especially WFP, need to work together with the Federal Government for this very ambitious goal to be achieved,’’ he said.

Also, Prof. Badamasi Lawal, Chief Executive Officer, NSIPA said the seminar was meant to harness collective expertise and resources to achieve meaningful impact in the lives of Nigerians.

Represented by Mrs Uche Obi, Director, Human Resources Management, he commended WFP for its commitment to supporting Nigeria’s efforts to address poverty, hunger and malnutrition.

According to her, WFP partnership is a testament to the power of international cooperation and the shared vision of creating a more equitable and prosperous society.

“The NSIP launched in 2016, elevated to a full-fledged Agency in 2023 has made significant strides in addressing poverty, inequality, and social exclusion.

“Through various programmes, including the National Home-Grown School Feeding Programme (NHGSFP), Conditional Cash Transfer Programme (NCTO), Government Enterprise and Empowerment Programme (GEEP), Grant for Vulnerable Groups (GVG) and N-Power, we have reached millions of Nigerians.

“We are providing them with opportunities for economic empowerment, education, and improved well-being .

“The WFP’s expertise in food security, nutrition and emergency response will be invaluable in enhancing our programmes and achieving greater impact.

“This collaboration will enable us to leverage each other’s strengths, share knowledge, and develop innovative solutions to address the complex challenges facing our nation,’’ he said.

He said WFP’s support had made it possible for the Federal Government to pull stakeholders in meaningful discussions and in shaping the future of their partnership.

“Your investment in this partnership is a testament to your commitment to Nigeria’s development and the well-being of its people,’’ he said. (NAN)  www.nannews.ng

Edited by Uche Anunne

DICON’ll meet demands of military, other security agencies- FG
Defence/Security

DICON’ll meet demands of military, other security agencies- FG

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By Muhammad Tijjani
The Minister of State for Defence, Bello Matawalle, has said that the Defence Industries Corporation of Nigeria (DICON) would meet the demands of the military and other security agencies.

Matawalle said this at the DICON’s end-of-year celebration and Director-General’s
(D-G) Productivity Award ceremony on Friday in Kaduna.

He said that the recent assent of the DICON Act 2023 by President Bola Tinubu has paved the way for the corporation to strengthen Nigeria’s defence capabilities.

Matawalle emphasised that the defence ministry would continue to limit procurements outside the country.

The minister said, “Any requirements of the military or other security agencies have to come to DICON for supply.

“Before now, we send our money to other countries, devalue our currency which makes the dollar go higher because we don’t have a productivity plan.

“Today, we thank God that with the leadership of the DICON’s director-general, the industry is seeing a lot of changes.”

Matawalle said that DICON would reach its peak in military and paramilitary requirements particularly in the production of arms and ammunition.

He said he earlier never believed that DICON could produce 10,000 rounds of ammunition.

“Today, DICON is able to produce so many rounds of ammunition and forward to the military.

“Our target is to produce 300 million rounds of ammunition.

“We  will also be producing other military equipments like MRAPs, Unmanned Aerial Vehicles (UAVs) and other equipment for the military and paramilitary agencies,” he added.

Matawalle said the end-of-year celebration and  productivity award was supposed to be held annually so as to engender motivation to the staffers.

He commended the director-general, his management staff and other workers for their dedication and  hard work.

Earlier, the DICON’s boss, Maj.-Gen. Anaedi Edet, said the celebration and award were to mark the successful conclusion of the corporation’s 2024 activities and production year.

Edet said that DICON was established with the mandate to enhance the operational capabilities of the Nigerian Armed Forces by ensuring Nigeria’s self-reliance in essential military hardware.

He, however, said the mandate was not just for defence, but a strategic move to foster technological advancement and industrial development within Nigeria.

Over the decades, he said, DICON had evolved significantly to meet the dynamic needs of the armed forces.

“Initially focused on the production of small arms and ammunition, we adapted to address the increasingly complex and contemporary threats facing our nation.

“As the landscape of defence technology and industry expanded, so too did our scope, including venturing into civilian applications that leverage our technological capabilities,”he said.

Edet said the corporation had resumed productive activities in spite of the numerous challenges.

In spite of the recorded successes, he said that the corporation has continued to face significant challenges.

These, he said, include funding constraints, outdated equipment, skill gaps and the pressing need for staff training and certifications.

“Looking ahead, we are focused on securing new funding opportunities, investing in modern production lines, and prioritising the training and development of our workforce.

“With a clear vision and dedicated team, DICON is well-positioned to overcome these challenges and achieve even greater success.

“Our ‘All DICON factories must produce’ initiative reflects our commitment to technological innovation and collaboration for the security and prosperity of our nation.

“The DICON end-of-year celebration is not just an occasion to reflect on our achievements, but also a call to action for all employees and stakeholders,”he said.

Edet, therefore, said the event was also a time to recognise and celebrate the exceptional staff who distinguished themselves in 2024.

He addedbthat it highlighted the hard work and dedication of those who have contributed to DICON’s successes.

He assured that DICON would remain unwavering in its commitment to fulfilling its mandate.(NAN)(www.nannews.ng)
Edited by Bashir Rabe Mani

Nigeria major source for human trafficking in Africa – Minister
General News

Nigeria major source for human trafficking in Africa – Minister

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By Justina Auta

Hajiya Imaan Sulaiman-Ibrahim, Minister of Women Affairs, says Nigeria is one of the main source, transit and destination for human trafficking in Africa.

Sulaiman-Ibrahim stated this at the 2025 annual academic summit organised by the University of Abuja Faculty of Social Sciences, on Wednesday in Abuja.

The theme of the summit is, “Illegal Migration and girl-child trafficking in 21st century Nigeria: Changing the mindset through quality and functional university education.”

She said poverty and economic hardship, lack of education and skills, cultural and gender norms, and weak law enforcement, amongst others were factors that contributed to illegal migration and trafficking in Nigeria.

“Nigeria is one of the main source, transit, and destination countries for human trafficking in Africa.

“According to the Global Slavery Index (2023), Nigeria ranks among the top 10 countries with the highest number of trafficked persons.

“An estimated 1.4 million Nigerians are victims of modern slavery, with women and girls making up the majority.

“Over 60 per cent of Nigerians attempting to migrate irregularly are women and girls, many of whom are trafficked for forced labor or sexual exploitation.

“Reports indicate that over 50,000 Nigerian women are trapped in forced prostitution across Europe, particularly in Italy and Spain.

“The International Organisation for Migration (IOM) estimates that more than 80 per cent of Nigerian women who arrive in Europe through irregular routes are potential trafficking victims.

“The United Nations Office on Drugs and Crime (UNODC) reports that Nigeria accounts for nearly 50 per cent of all human trafficking cases in West Africa,” she said.

She said the figures underscored the urgent need for policy, awareness, and systemic interventions to combat the menace of human trafficking and illegal migration.

The minister, therefore, stressed the need to improve access to education to break the cycle of trafficking and illegal migration.

” It remains the most powerful tool in equipping young girls with the knowledge, skills, and confidence to make informed choices about their futures.

“Quality and functional university education must go beyond theory and be practical, relevant, and empowering.

” Our institutions must be intentional in preparing students – particularly young women for economic independence through.

She, therefore,urged universities and higher institutions to integrate human trafficking awareness and migration literacy into their curricula.

She also called on students, youth organisations, religious and traditional leaders, as well as CSOs to champion peer education and advocacy.

The minister reiterated government commitment towards advancing initiatives that promote education, skills development, and economic empowerment to prevent vulnerable girls from falling into the hands of traffickers.

She added that the ministry was working towards strengthening legal frameworks to review and enhance protection laws for women and children.

“The fight against illegal migration and girl-child trafficking is a fight for the soul of our nation.

” If we fail to act decisively, we risk losing an entire generation of young women to exploitation, violence, and despair,” she said. (NAN)(www.nannews.ng)

Edited by Ekemini Ladejobi

Why Nigeria must protect its digital gains with effective anti-cybercrime strategy
Features

Why Nigeria must protect its digital gains with effective anti-cybercrime strategy

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By Ibukun Emiola, News Agency of Nigeria

An entrepreneur, Mrs Oreofe Aina, very early on a Saturday morning tried to log into her account with a Fintech company but couldn’t. She tried several times and used various means but she was unsuccessful.

 

This sent a panic signal and she contacted the financial company via email. Her efforts to log back into her account later became successful.

 

Her fear stemmed from the news of a Fintech company hacked by fraudsters which rented the airwaves sometimes ago.

 

“My heart was racing. I thought I had lost all my money just like that.

 

“You can’t blame my initial panic response. I just read about how hackers broke into Opay,” Aina said.

 

Aina, having gained access, moved all her money to another bank account for fear of hackers.

 

According to reports, the account of the Fintech company was hacked and cloned. The cloned website was then used to mislead owners of Non-Fungible Tokens (NFTs) and entrepreneurs.

 

At one point or the other over the years many Nigerians have had the same experience and would panic because of activities of fraudulent people and what they perceived as lack of strong cyber security protection.

 

A Cyber security and Data expert, Mr Oluwaleke Oni, said it was imperative to strengthen cyber security policies in Nigeria, especially with the increasing number of cyber-attacks targeting companies and individuals.

 

“By combining updated legislation, technological investments, public awareness campaigns, and partnerships, Nigeria can create a robust cyber security ecosystem.

 

“Building trust requires transparency, swift response to incidents, and ensuring individuals and organisations feel their data is safe in an increasingly digital world,” Oni said.

 

He stressed the need to encourage digital responsibility and personal accountability.

 

“Educating individuals about securing personal devices, using strong passwords, and avoiding unsafe websites are also important.

 

“There is also the need to work with Mobile Network Providers, and indeed, telecom companies to improve SIM card and internet service security,” Oni said.

 

The cyber security expert stated that promoting cyber security awareness through public education would help.

 

He said such awareness could be the launch of nationwide campaigns to educate citizens about common threats like phishing, fake investment schemes, and mobile fraud.

 

“Some Nigerian businesses lack cyber security knowledge. Offering training programmes for small and medium enterprises on data protection practices will be beneficial.

 

“This awareness can be introduced into school curricula. Cyber security education in schools would build awareness from a young age,” he said.

 

Oni, however, urged companies and organisations in digital space to invest in advanced technologies.

 

According to him, organisations should invest in implementing end-to-end encryption, multi-factor authentication, and tokenisation to safeguard sensitive data.

 

“Intelligence Systems are needed to deploy Artificial Intelligence (AI) and Machine Learning (ML) systems for early threat detection and prevention.

 

“Also, block chain security should be explored. Block chain can be used to secure transactions, especially in the financial sector,” Oni said.

 

He stated that establishing Incident Response Teams; some sort of a Computer Emergency Response Teams (CERTs) at state and local levels to provide rapid responses to breaches would help identify and recover digital goods stolen and even deter perpetrators.

 

Also, Mr Ahmed Olanrewaju, Principal Systems Analyst, Management Information System Unit, University of Ibadan, said the major issue to be tackled is users’ education; both on the part of individuals and organisations.

 

Olanrewaju noted that often times employees who left an organisation still have some form of access which can later be used to compromise the system of the organisation.

 

According to him, collaborations that can jeopardise the organisation could be formed by those within and outside any organisation if proper mode of exit protocols were not in place.

 

Olanrewaju emphasised the need for following standard procedures and best practices in handling hardware gadgets and software of organisations by staffers to ensure there were no loopholes hackers can use to penetrate.

 

“If hackers break through into a bank system to steal, did it start overnight?

 

“An official laptop is not supposed to be taken home when you have sensitive data in it. Imagine people with official laptops and they use it for other purposes outside work.

 

“For some people, their child will need that same official laptop to process their own assignments. The other documents in the system, if they are not encrypted, then compromise has set in already,” Olanrewaju said.

 

He underscored the need for regular audit by organisations to know who has access to what and frequent change of protocols especially password to sensitive data to deter hackers.

 

According to him, education is key to reducing the activities of hackers and security digital financial services, digital data management services and other digital public infrastructures processes towards digital transformation.

 

Olanrewaju said it was alarming the number of people who were always eager to learn about how to safeguard themselves while online or using digital services.

 

“When you are talking about cyber security, the major factor is these loopholes. If you bring the best cyber security experts in the world, and yet there is no user education, you are wasting your time.

 

“In Nigeria, there is no education, both on the users side and organisations. It is a very big issue. There should be a law on user education,” Olanrewaju said. (NAN) (www.nannews.ng)

**If used, please credit the writer and the News agency of Nigeria (NAN).

“This report is produced under the DPI Africa Journalism Fellowship Programme of the Media Foundation for West Africa and Co-Develop.”

Data ecosystem has capacity to drive trillion dollar economy – NDPC 
Science & Tech

Data ecosystem has capacity to drive trillion dollar economy – NDPC 

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By Ijeoma Olorunfemi

The Nigeria Data Protection Commission (NDPC) says the data privacy ecosystem has the capacity to drive Nigeria to a trillion dollar economy.

Its National Commissioner, Dr Vincent Olatunji, said this at a news conference to commemorate the 2025 Global Privacy Day, in Abuja.

Beginning from Europe in 2008, the day highlights the significance of privacy and data protection.

The NDPC commissioner said that through the implementation of the pillars of its Nigeria Data Protection-Strategic Roadmap and Action Plan (NDP-SRAP), localised technology adoption and global collaborations, indigenous data privacy could contribute to the growth of the economy.

“We can’t keep relying on foreign technologies for what we are doing here, so our local content must be encouraged.

“In NDPC, our platforms, the services, portal, and websites are locally developed, and they are very robust enough for us to use.

“This can drive technologies and we are talking of operating a trillion dollar economy for this country that will be driven by digital technologies.

“The private ecosystem alone can convey a lot of services that are being offered and you can imagine audit files alone, registration of data controllers, reporting breaches. A lot is going on and even creating awareness through various platforms,” he said.

He also encouraged startups to key into the data privacy ecosystem, adding that there was immense potential.

Speaking on the day, Olatunji highlighted the universality of data privacy principles but stressed the need for adapting them to local laws.

He urged stakeholders to leverage the knowledge of data protection not only within Nigeria but also on a global scale.

“All we want is for you to adapt the local laws of wherever you want to practice. The principles of data protection and security are the same worldwide and the knowledge you acquire here can take you anywhere,” he said.

Olatunji noted the immense potential in Nigeria’s data ecosystem, saying the nation’s human capital development remains critical to advancing its digital economy.

According to him, NDPC places significant focus on building capacity while encouraging the development of indigenous digital technologies to reduce reliance on foreign solutions.

He reiterated the NDPC’s commitment to fostering innovation and collaboration through initiatives that strengthen data privacy awareness, compliance and enforcement.

He stated that Nigeria’s acceptance into the Global Privacy Assembly (GPA) and the hosting rights of the 2025 Network of African Data Protection Authorities conference was a testament that the country had demonstrated a good traction in data protection initiatives.

Olatunji highlighted that a robust data protection framework was a key factor for attracting multinational investments, ensuring compliance with global standards and safeguarding the rights of data subjects.

The commissioner said that the commission had signed Memoranda of Understanding with data protection authorities in Canada and United Arab Emirates, to ensure cross-border knowledge sharing on data privacy.

“Our law applies even when Nigerian data is processed outside the country and collaborating with foreign data protection agencies allows us to exchange knowledge effectively,” he said.

Olatunji stated that the commission had in the past engaged in a series of awareness campaigns, trained 55,529 individuals on data privacy, had 5,351 capacity building programmes, among other engagements.

Highlight of the event included the launch of the NDPC International Journal of Data Privacy and Protection and the release of the commission’s 2024 annual report.(NAN)

Edited by Deji Abdulwahab

Experts laud FG’s financial inclusion drive as catalyst for digital transformation
Features

Experts laud FG’s financial inclusion drive as catalyst for digital transformation

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By Ibukun Emiola, News Agency of Nigeria

 

A petty trader, Mrs Mary Okunrinnla, in September 2024, downloaded one of the Fintech apps for the first time to enhance her business transaction.

 

 

 

 

Prior to being financially included in the banking system, Aunty Mary, as she’s fondly called in her shop, directs customers to use Point on Sales (PoS) Agents or bring cash whenever they patronise her.

 

 

 

 

“The stress of getting my money from other people whom my customers paid to has gone. Sometimes, some people I use their accounts to collect my money wouldn’t even give me on time.

 

 

 

 

“But now I have my income safely kept in my account and I can withdraw it any time. I don’t need to wait for a third party to operate my business.” Okunrinnla said.

 

 

 

 

This is one of many Nigerians ripping benefits from the Nigerian Financial Inclusion Strategy (NFIS) drive of the Federal Government.

 

 

 

 

According to reports Fintech has contributed significantly to reducing the numbers of unbanked people in Nigeria.

 

 

 

 

A Financial Consultant, Mr Tunji Adepeju, said the government and the relevant agencies have been doing quite well in making sure that people, even in the rural areas particularly, have access to banking or financial services.

 

 

 

 

“At least one will remember, even when we talk about community banks of those days.

 

 

 

 

“Now, we have these other banks that are located virtually in every segment of the country.

 

 

 

 

“We also have NIRSAL, that is the one sponsored by the central bank, with the co-operation of the NIPOST, that is they are using the offices of NIPOST in all rural communities to render financial services to people around there,” Adepeju said.

 

 

 

 

According to him, the most recent introduction in the ongoing efforts to reduce financially excluded people is the USSD which allows anyone with feature phones to transfer and receive money.

 

 

 

 

USSD stands for Unstructured Supplementary Service Data. This is a protocol that allows a phone to communicate with a mobile network operator’s computer in real-time.

 

 

 

 

USSD is often used for banking, education, and other interactive services.

 

 

 

 

According to reports, in 2023, 74 per cent of Nigerians are financially included, while 26 per cent are still financially excluded.

 

 

 

 

This is an improvement from the year 2020, when 67 per cent of Nigerians were financially included.

 

 

 

 

In the first half of 2024, Nigerians sent N2.19 trillion using USSD codes, a significant improvement from what it was in 2022, whereby Nigerians processed 515 million USSD transactions.

 

 

 

 

Adepeju said virtually everybody that has a phone can make transfers, check their account balances through their phones without even visiting any banking premises.

 

 

 

 

“Incentives to farmers during the time of Dr Akinwumi Adesina as Minister of Agriculture before he moved to African Development Bank, farmers got fertilisers and other inputs through the use of phones and short codes like the USSD,” he said.

 

 

 

 

He, however, noted that financial services providers and deposit money banks in particular as well as other financial institutions has to improve their services to Nigerians.

 

 

 

 

Adepeju said especially in the areas of excellent and quality services and experience.

 

 

 

 

He also stressed the need for Nigerians who may still be unbanked to embrace change.

 

 

 

 

Also, another Financial expert, Mr Sola Famakinwa said financial inclusion means individuals and businesses have access to financial products and services that meet their needs.

 

 

 

 

According to him, financial inclusion is an enabler towards achieving sustainable development goals and to reduce extreme poverty as well as digital transformation of Nigeria.

 

 

 

 

Famakinwa said the government needs to strengthen its monetary policy so as to increase the number of people and businesses that participate in a formal digital financial services.

 

 

 

 

He lauded the NFIS goal set at reducing financial exclusion by 25 per cent, urging the government to work on the interest rates and other policies.

 

 

 

 

Another expert, a Treasury Accountant, Mrs Pelumi Ukot, said financial inclusion is the provision of financial services to all individuals and businesses, regardless of their income level, geographic location, or social status.

 

 

 

 

According to her, the aim is to ensure that everyone has access to basic digitised financial services, such as Savings accounts, Credit facilities, Payment systems, Insurance services and Investment opportunities.

 

 

 

 

Ukot said financial inclusion has been key to digital transformation and could help tackle poverty and inequality.

 

 

 

 

“Other benefits include the promotion of economic growth and development, increasing financial stability and security.

 

 

 

 

“It would enhance access to basic services, such as healthcare and education as well as birth creativity and innovations premised on digital transformation.

 

 

 

 

“This would help empower individuals and communities to participate in the economy and contribute significantly to technological development of Nigeria and help evenly distribute wealth in the economy,” Ukot said.

 

 

 

 

She, however, enjoined the government to ensure financial inclusion for all by putting in place policies and structures.

 

 

 

 

“Such policies and regulations that enhance financial inclusion and midwife digital transformation are low-cost banking services, favorable money mobile regulations, and grave penalties for defaulting banks and organisations.

 

 

 

 

“Another is infrastructure development and this is by heavy investment in digital infrastructure, such as payment systems, mobile networks, and internet connectivity, to expand financial services reach,” Ukot said.

 

 

 

 

According to her, financial education is key and there should be the launch of a nationwide financial literacy programme to educate citizens, especially the ones in the rural areas on the benefits and risks of financial services.

 

 

 

 

Ukot said incentives and subsidies could help to further strengthen the government’s efforts.

 

 

 

 

“Offer incentives, such as tax breaks, subsidies, or low-interest loans, to encourage financial institutions to serve everyone,” she said. (NAN)

 

“This report is produced under the DPI Africa Journalism Fellowship Programme of the Media Foundation for West Africa and Co-Develop.”

 

**If used, credit the writer and the News Agency of Nigeria (NAN).

UK reaffirms strong defence ties with Nigeria
Defence/Security

UK reaffirms strong defence ties with Nigeria

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By Hamza Suleiman

UK Minister of State for Defence, Lord Vernon Coaker has reaffirmed the longstanding defence partnership between his country and Nigeria in the fight against terrorism and counter insurgency operation in the North-East.

Coaker, who is on a working visit to Nigeria, stated this at the Headquarters of the Joint Task Force Operation Hadin Kai (OPHK) in Maiduguri on Wednesday.

The minister accompanied by other senior officials of the UK government, highlited the importance of the bilateral relationship between the two countries to address security challenges.

“The presence of the Honour Guard was a moving experience, symbolising the respect and partnership between the Nigerian and British militaries.

“His Majesty’s Government recognises Nigeria as a key ally and a leader in West Africa. Together, we stand for democracy, human rights and the rule of law,” Coaker said.

 

UK Minister of State for Defence, Lord Vernon Coaker visits Maj.-Gen. Waidi Shaibu, Theater Commander, Joint Task Force OPHK

The minister reiterated the UK government commitment to support Nigeria in the fight against terrorism and shared impact of global security challenges.

“Your conflict is our conflict and your security is our security. The work you are doing to combat terrorism, particularly through initiatives like Operation Hadin Kai, is commendable.

“We are proud to provide training, expertise and equipment to support your efforts,” he said.

Coaker listed the UK’s contributions to counter-insurgency operations to include counter improvised explosive devices training, provision of equipment, and mentorship towards the establishment of the Counter-IED Coordination Cell in the North-East.

Maj.-Gen. Waidi Shaibu, the Theatre Commander, OPHK, commended the UK for its sustained support in combating insurgency in the region.

UK Minister of State for Defence, Lord Vernon Coaker visits headquarters of the Joint Task Force OPHK in Maiduguri

He described the visit as a testament to the longstanding cordial relationship between Nigeria and the UK.

“It gives me great pleasure to welcome Lord Vernon Coaker and his distinguished entourage to Maiduguri, the ‘Home of Peace,’ which also hosts the Headquarters of JTF (NE) OPHK.

“This visit validates the strong partnership between our nations.”

Shaibu said the mandate of the task force was to restore normalcy to the region, provide enabling environment for socio-economic activities to thrive, as well as resettlement of displaced persons to their ancestral homes.

He noted that the fulfilment of the task force mandate required not only material resources but also regular training and retraining of troops to keep them updated on evolving security challenges.

Technical session during the UK Minister of State for Defence, Lord Vernon Coaker visit to the Joint Task Force OPHK in Maiduguri

The commander lauded the establishment of the Counter-IED Coordination Cell, supported by the UK, which became a hub for intelligence gathering and dismantling insurgent IED networks.

“This hub, equipped with detection tools, laptops, tactical intelligence kits, and other resources, has been vital in detecting, neutralising, and disarming IEDs effectively,” he said.

Shaibu also commended the Instructor Development Programme being implemented in collaboration with BDS-WA, to fast track training of personnel from Nigeria and the Multinational Joint Task Force (MNJTF).

UK Minister of State for Defence, Lord Vernon Coaker visits Joint Task Force OPHK in Maiduguri

“The programme fosters synergy and camaraderie among troops from the Lake Chad Basin countries, strengthening regional cooperation,” he said, adding that the UK government’s timely and relevant support were imperative towards achieving the task force mandate. (NAN)(www.nannews.ng)

HMS/ISHO/ RSA

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Edited by Yinusa Ishola/Rabiu Sani-Ali

Saudi Arabia sponsors Nigerians for lesser Hajj
Foreign

Saudi Arabia sponsors Nigerians for lesser Hajj

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By Mufutau Ojo
The Saudi Arabia embassy in Abuja has hosted a farewell ceremony for 20 Nigerians selected for the Custodian of the Two Holy Mosques’ Guests Programme for Umrah 2025.

A statement issued by the embassy in Abuja said the ceremony held under the leadership of Faisal Al-Ghamdi, the Saudi Ambassador to Nigeria.

It said the initiative highlighted Saudi Arabia’s commitment to supporting Muslims and fostering spiritual connections through pilgrimage.

The News Agency of Nigeria (NAN) reports that the programme, initiated by the Custodian of the Two Holy Mosques, King Salman Al Saud, provides Muslims the opportunity to undertake the lesser Hajj with full sponsorship.

The statement quoted the ambassador as thanking King Al Saud and the Crown Prince, Mohammed bin Salman, for their dedication to Islam’s holy sites.

He also praised their exceptional leadership in enhancing the services provided to pilgrims and ensuring that their journey to the sacred sites is both spiritually fulfilling and seamless.

“The Custodian of the Two Holy Mosques and the Crown Prince have prioritised the well-being of pilgrims, viewing it as a sacred duty and an immense honour.

” Through this programme and other initiatives, Saudi Arabia continues to strengthen bonds of brotherhood among Muslims while ensuring their comfort and safety during their spiritual journey,” he said.

Al-Ghamdi, according to the statement, said the country had invested over 100 billion dollars in the recent expansion and modernisation of the two holy mosques.

According to him, these ambitious projects, encompassing state-of-the-art infrastructure, advanced crowd management systems and cutting-edge technology, reflect Saudi Arabia’s commitment to accommodating the increasing number of pilgrims.

He added that Saudi Arabia was sparing no effort in mobilising resources to improve pilgrimage experience for all Muslims.

Al-Ghamdi also emphasised the importance of adhering to the country ‘s laws and regulations, designed to maintain order and ensure the safety and comfort of all pilgrims.

“The leadership of Saudi Arabia remains fully committed to serving the guests of God.

” This is a responsibility we hold dear, and we continuously strive to enhance the spiritual and logistical aspects of the pilgrimage experience,” he said.

Guests at the occasion expressed appreciation for the opportunity made available through the sponsorship initiative.

NAN reports that the programme provides pilgrims with the opportunity to perform the lesser Hajj, covering all costs, including travel, accommodation and other logistics. (NAN) (nannews.ng)

Edited by Ismail Abdulaziz

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