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Senator Accuses Banks of Turning Female Marketers to Sex Slaves

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The Senate, on Thursday, considered a bill seeking to stop employers in the private and public sectors from engaging employable Nigerian graduates as casual workers.

Senator Accuses Banks of Turning Female Marketers to Sex Slaves

The Prohibition of Casualization Bill 2020, is sponsored by Senator Ayo Akinyelure (PDP, Ondo Central).

Akinyelure while citing the banking industry as a hub for casualisation, blamed banks for turning female marketers into harlots and sexual slaves in a desperate attempt by them to keep their jobs and meet unrealistic deposit targets.

“Casualization of Nigerian graduates in the Nigerian labour market has become a subject of great concern as more workers continue to groan under  this immoral strategy of cutting cost by employers rendering them inferior to their counterpart in other countries of the world.” He said

According to him, “Statistics from the Nigeria Labour Congress shows that many workers in the telecommunications, oil and gas sectors are engaged as casual labourers by employers of labours.

“Other sectors with thousands of casual labourers include mining, steel, banking and insurance.

“In all these sectors, staff outsourcing and casualization have become the order of the day as such workers no longer have regularised employment terms and, therefore, Nigerian graduates are treated as second class citizens in their own country of origin while foreigners from underdeveloped Countries from Asian, Indian,  Pakistan, Lebanon with less qualification to Nigerian graduates are placed as managers above Nigerian graduates in many Private and even Government establishments in Nigeria.”

Akinyelure raised alarm that the scourge of casualization of employment in Nigeria is gaining grounds in an unprecedented proportion, intensity and scale.

“The increase in the spread and gradual acceptance of this labour practice in the Nigerian labour market has become an issue of great concern to stakeholders,” he lamented.

“Employers of labour is increasingly filling positions in their organizations that are supposed to be permanent skilled workers with casual employees.

“The trend has been largely attributed to the increasing desperation of employers to cut down organisational costs and thereby taking advantage of  large numbers of unemployed graduates roaming the streets of our major cities in Nigeria.

“Mr President and Distinguished Colleagues, engagement of large attendants of the work force on the basis of visualization has become worrisome in the Nigeria labour market.

“Mr. President, let me re-emphasize that on daily basis, these workers are recruited at the gate and tired at will, in spite of the fact that these workers continue to generate enormous profits for the various establishment they work for, they remain classified as casuals and subjected to deplorable and inhumane working conditions.

“Apart from the fact that these categories of workers are working under spate of uncertainties, casualization also reveals a brutal work growth process similar to slave labour,” he said.

Akinyelure while citing the banking industry as a hub for casualization, blamed banks for turning female marketers into harlots and sexual slaves in a desperate attempt by them to keep their jobs and meet unrealistic deposit targets.

“Mr. President, in Banking and Insurance Industry for instance, many young graduates particularly female are employed as Marketers and given unrealistic Customer deposit ceiling targets running into millions. They are hired and fired at will when such unrealistic targets are not met.

“The female among them who are desperate in keeping their jobs turned to harlotry and sex slavery, moving from one office to the other looking for invisible customers who had staunch of fund to enable them meet their targets Mr. President, it is high time this evil and devilish act is stopped,” the lawmaker fumed.

Senator Biodun Olujimi (PDP, Ekiti South), while re-echoing Akinyelure’s observation said, “Our girls have been turned into what we cannot imagine. Most of them have been asked to look for funds, and when come us, I always tell them, I do not even have the funds to eat, how can I have funds to keep with you in the bank?

“And they will never be promoted if they don’t bring in such funds, and this is a banking industry that is privately owned, yes, but has made so much profit, and from the profit they could at least take the few that they can manage properly, rather than take a lot that they will be giving pittance.”

The lawmaker, therefore, harped on the need to have a legal framework to ensure that casualization does not exist.

“If you must take workers, take the number you can on proper emoluments,” she said.

On his part, Senator Ajibola Basiru (APC, Osun Central) while citing the position of the Supreme Court – which  gives employers the power to hire and fire – called for caution in the way the bill is tweaked, adding that the National Assembly “must make a distinction in making the prohibition between employment in the public sector and employment in the private sector.”

Ovie Omo-Agege, deputy Senate President, on his part, while throwing his weight behind the bill, lamented the treatment of casual workers by oil companies operating in the country.

Another lawmaker, Mohammed Sani Musa (APC, Niger East), said, “I think we need to be a bit careful with this bill, reasons are not far fetched.

“Both in the public sector and the private sector, when we talk about casualization, there are certain organizations even in the public sector that require the services of casual workers.

“I give a simple example with the Independent National Electoral Commission. When election period comes, they engage close to about 700,00 to 900,000 people, who they engage all over Nigeria for the purpose and conduct of election.

“A lot of manufacturing firms today, if they say they are going to engage everybody as a permanent employee, even the graduates, because there are certain functions that just unskilled personnel cannot be able to handle, you need to have somebody that has requisite qualifications.”

The Senate President, Ahmad Lawan, in his remarks charged the Committee on Employment, Labour and Productivity to strike a balance in the bill to ensure that casual workers in the country are not made victims of layoffs.

“The fact remains that we need employment for our people, especially our teeming youth on one hand.

“On the other hand, we don’t want discrimination.

“If we say no casualization at all, some of our people could be victims of layoffs, and, of course, we know what casualization brings. You don’t have any entitlements outside of what you’re given immediately.

“So, we need to strike a balance to ensure that those who have to be employed on Adhoc basis – like one of our colleagues tried to show in INEC recruitments for example – and even in some of the sectors, don’t suffer too much, but that we emphasize getting permanent and pensionable appointments or employment opportunities for our people.

“I think government has a role. While government cannot employ everyone, we have the responsibility to create the environment or climate for employment opportunities to be available, either in government MDAs, or because the economy is good; private sector could engage even more than the government can do.

“So, we have the opportunity now to take this matter before the Nigerian public, and whatever we feel is the general view is what we should try to reflect when we finally pass the bill as we wish to, because this is a very important and indeed a sensitive bill because we need to have a balancing Act.

“If you say no casualization in Nigeria at all, there’ll be consequences definitely. And, if you don’t say anything about it, some people will just be suffering – in the words of the sponsors of this bill – from the very devilish and evil treatment of those who employed them.”

The bill after scaling second reading was referred by the Senate President to the Committee on Employment, Labour and Productivity to report back within four weeks.


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Firms Face Gaps Between AI Ambition and Execution

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Artificial intelligence (AI) will this year become a central pillar of leadership strategy, shaping how organisations plan to grow, compete and reinvent their operating models.

However, the gap between ambition and execution will remain one of the defining challenges of 2026.

This is one of the key findings of Accenture’s latest Pulse of Change report, which shows that global executives’ intent around AI is strong and accelerating.

The study is grounded in a global survey of 8 000 executives and employees, and is designed to measure AI adoption, strategy and workforce impact across industries and regions.

According to the report, across industries, leaders are no longer asking whether AI should be adopted. Instead, they are focused on how AI can be scaled to deliver measurable enterprise value, transform decision-making and unlock new revenue streams.

A total of 86% of surveyed C-suite executives plan to increase their AI investments in 2026, signalling that AI has moved from experimentation to a board-level growth priority, it notes.

Shifting AI priorities

One of the most notable changes highlighted in the report is how executives now view the purpose of AI.

“While early adoption focused heavily on automation and cost reduction, company leaders are increasingly positioning AI as a driver of growth,” it states.

“Nearly eight in 10 surveyed executives believe AI will contribute more to revenue generation than cost savings in the year ahead, reflecting a strategic pivot toward AI-enabled products, services and customer experiences.”

According to the study, daily AI usage among senior leaders has risen sharply, with 38% of surveyed executives now using AI tools every day, compared to 8% at the start of 2024. This signals that AI is no longer delegated solely to technology teams; it is becoming embedded in executive workflows, strategic planning and decision-making processes.

While leadership engagement with AI is deepening, the report suggests that enthusiasm at the top does not automatically translate into impact across the organisation.

Scaling AI remains elusive

Despite growing investment and executive confidence, only 32% of respondents report achieving sustained, enterprise-wide impact from AI. Most companies remain stuck in isolated use cases or pilot programmes that fail to scale meaningfully across business units, the report notes.

“Executives largely believe they have articulated a clear vision for AI-driven change, but employee perceptions tell a different story. Just 18% of workers strongly agree that leadership has communicated a compelling AI vision, and only one in five say they understand how AI will affect their role in the future.

“This disconnect suggests that while executives are planning ambitious AI transformations, those plans are not always translating into clarity or confidence on the ground.”

The result is a growing execution gap: leaders are moving faster in strategy than organisations are moving in practice.

Human-AI collaboration

Despite these challenges, the report reveals a strong foundation for progress. Employees largely recognise the benefits of AI, with 79% stating that AI has positively influenced their ability to learn new skills.

Many also associate AI with increased innovation and problem-solving capacity, indicating that resistance is less about fear of technology and more about lack of involvement in change design.

“However, comfort with advanced AI capabilities remains limited. Only 27% of surveyed employees say they are comfortable delegating tasks to AI agents, and regular AI usage among workers has declined slightly compared to previous months. This points to the need for executives to focus not just on deployment, but on trust, enablement and shared ownership of AI systems.”

For executives planning to scale AI in 2026, the message is clear: value will come from treating AI as a workforce transformation initiative, not just a technology investment, the report asserts.

“In the year ahead, AI success will be defined less by how much organisations spend and more by how effectively executives align people, processes and technology. Those who bridge the gap between executive intent and employee experience will be best positioned to turn AI from a strategic promise into a sustained competitive advantage.”

 


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New Horizons Invests N50m to Empower Almajiris with Skills

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New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.

Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”

“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.

He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.

Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.

“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.

According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.

“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.

“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.

“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.

He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.

Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.

He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”

He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.

“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.

Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.

“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.

“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.

Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.

“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.


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IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

IMF

The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.

This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.

Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.

Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.

Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.


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