General News
Cashless Policy: Disconnects Must be Fixed – Adeyemi

Adeyinka Adeyemi is a managing partner at Intermarc Consulting, an e-payment and e-banking intermediation company. The company organizes trainings, seminars, conferences and exhibitions and publishes industry journals and as well engages in consumer education through the Coalition for e-Payments. Apart from providing services, the company also produces solutions for specific client base in the market that technology companies are not catering to. Adeyemi spoke to funmi ilesanmi on review of the cashless policy by the Central Bank of Nigeria. Cashless Policy The cashless policy recently introduced by the Central Bank of Nigeria (CBN) is a long overdue development. Long over due in the sense that given the size of the Nigerian economy which is represented by the size of the market as well as the population of the people; if you take that on one hand and then you look at trends and developments in international and global economies, you will realize that Nigeria is 10 years behind with respect to this policy. However, it is a right policy in the right direction and we know that by the time the policy takes off fully, the economy will be better for it, the country will be better for, the system will be better for it as well. Assessment of Cashless Lagos Well my assessment will be based on work that we have done and that we are doing as a result of our involvement in what we call the Coalition for e-Payments. We have been to the market to talk to people, we have been to the streets to talk to user s and so on. If I am to give an assessment, my assessment will be based on feedbacks that we have gotten from the field which relates to the fact that there is still a lot of work to be done with respect to consumer education. There is still a huge gap between regulators and operators on one hand, and the market on the other hand. If regulators and operators must face facts, if they really want this initiative to succeed then that gap must be bridged. We had a conference recently, it was a Breakfast Forum where a representative of one of the Fast Moving Consumer Goods Companies (FMCGs) indicated that contrary to CBN’s claims that they went to all the markets in Lagos, feedbacks from iyalojas (market women) that they deal with show that no representative of the CBN came to explain the policy to them. That is a significant sector. To say the iyalojas who are decision makers in open markets as at February this year are saying that they still have not seen anybody to explain or to educate them on what the policy is about, that says a lot. There are still a lot of disconnects that has to be fixed. Consumer education is very important. Government needs to do a lot in that area. CBN Awareness Programme on the Policy Last Year The CBN worked with ePPAN on road shows to visit market associations and so on to educate people with respect to the policy which was again a step in the right direction but we must understand two things. One is that even in Lagos State which was the objective and the focus at the time, one agency or one association cannot cope with the enormity of what needs to be done by way of consumer education. The remarks by the representative of the FMCGs referring to iyalojas not been reached is just a classic demonstration of the fact that, yes efforts were made but it was not enough to cover grounds. On the other hand, if you are having this kind of challenge when we are doing the pilot in Lagos, can you imagine a scale of the problems we would be having when we go national, when we roll out the cashless policy on a national level? It means government as represented by the CBN must be able to engage different consultants or different agencies to push this message in the market place. It does not just stop at radio jingles or press adverts or television commercials. It has to be one-on-one engagements of the markets to be able to change the culture. That is my advice to the CBN to say look, if just for the pilot in Lagos we are having these issues, what do you think will happen on a national scale. A lot more people needs to be brought into that work to reduce the pressure. Postponement of Uptake of the Policy Nationwide The truth of the matter is that we can never tell until we get there. I mean there is nothing stopping the CBN from further postponing the start off date for enforcement because typically we lack statistics to say that by such a time we would have covered so much ground so what the CBN is doing as far as I am concerned is just what we call trial and error in terms of putting deadlines but the beauty of that is that if we say the deadline is March and you get close to March and realize that March is not realistic, there is no law that stops you from pushing it forward to June. When it is June also and you realized that it is not realistic, you shift it further until you get it right. What is important is that at the end of the day this initiative is firmly rooted and people must imbibe the culture of electronic payments in the country. Reduction in Processing Fees for Withdrawal and Lodgment of Cash Again like I said my answer is similar to what I said earlier about trial and error. There is no basis for the government to say this is the default charge if you want to lodge or withdraw more than a certain amount of money. If government today sees that the reaction indicates a lack of acceptance by the market and they are willing to bring down the charges, give it another two to three months and again go back to look at the feedbacks. If the feedback then says you probably need to drop the charges because it is not providing incentives for people to comply then you bring it down completely. My position, I need to state this clearly, my position is that it is not right for government to put a fee or a fine on deposits. If somebody wants to withdraw money from the bank, he may have to pay extra because you do not need cash out there. By the same token, you should not charge somebody bringing money into the bank because that is actually where you want the money to be. Until the period of time when you have been able to mop up cash in the system, your objective as government is for you to channel all cash into the banking system so that people can begin to use cards for transactions. What is the incentive if you are now saying somebody that is depositing money has to be charged for depositing money? The man will put the money in his house. Increase in Withdraw Limits If I was the CBN governor which I am not; I would have left it at N150,000 for individuals and N1 million for corporate bodies and then deal with issues of telling people you do not have to pay for deposits, you only need to pay penalties for withdrawing and see how that goes, rather than say I am increasing it from N150,000 to N500,000 and then from N1 million to three million. Having said that I am sure the CBN in its wisdom will have a better picture of reasons why that is in place but let’s see how it goes. Review of the Process Every Six Months I do not think this is right because already there is a fear of what is generally termed policy summersault particularly in the Nigerian setting where government will come today and say this is the policy and everybody is struggling to comply with that policy. Three months down the line, it changes and you are struggling to comply, another three months to six months down the line, it changes again. It does not show that government knows what they are doing and it leaves a lot of doubts in the minds of the citizens. We have to be very careful with the frequency of change of some of those policies. Exemption of MDAs I think it is totally wrong because one of the benefits of the policy particularly from the government point of view would be reduction in corruption if not eradication of corruption. What electronic payments and cashless initiatives like this bring to the table is transparency where transactions are transparent and seen which is audit trail. If government is exempting MDAs then you are saying you can carry on with business as usual meanwhile business as usual as far as statistics tell us is that there is a lot of corruption in the system and because of the paper nature in terms of documentation and all of that, people have a way to hide some of those things. I do not think there is any wisdom at all in exempting any government agency or MDAs from the policy, infact it should start from there. I recall in 2009 when the accountant general of the federation first mentioned the e-Payment Policy even before the CBN doctored it. His emphasis was MDAs with respect to payment of salaries, payment of contractors, pensions and so on. If government is now making a total u-turn by saying MDAs are exempted, the question is where are we going? What is the intent of government by that act of u-turn? Maybe they need to explain. Delay in Uptake of Mobile Money Services in the Country To be honest with you, I wish I knew. It is something that has given us a lot of concern because since licenses were granted, we believe that those licenses were granted based on proof of concept, based on the demonstration that they have the technology and they can demonstrate that it works. Now the question is how come not one of those mobile payment products is in the market? Of course we have seen a lot of adverts, we have seen a lot of promos and teasers going round but where are the products? I have not investigated whether this is technical or whether it is regulatory in nature in terms of what the cost may be but there would be a problem somewhere that I believe the CBN should be very interested in. Encouraging Use of Point of Sale(PoS) Terminals A lot needs to be done to encourage merchants to use PoS terminals and the most important one is education because if you are coming from a background where people shy away from technology and suddenly it has become something of relevance, you need to go all out to educate the people in terms of the culture shift that you are trying to promote. In shops for instance, if you are going to deploy PoS there must be a lot of seminars even to shop attendants, it is not just dumping the PoS with them. A lot of buy-in is required from the shop owners, from the cashiers and so on. There must be a lot of education in terms of benefits even to them because some of these cashiers do not see beyond the immediate benefit of ‘I will not be able to keep the change if I use the PoS’. I agree that they may want to frustrate that effort but for most part if education is done and there is a lot of awareness, a lot of partnership then PoS penetration will be high. Also government needs to be involved in that process either by way of providing some kind of guarantees to Providers of Point of Sale Terminals in Nigeria that have been licensed, by saying we guarantee that you obtain a loan to bring 10 million PoS terminals. I know they are doing something with NIBSS now. NIBSS is bringing in a couple of PoS terminals, I know they are working with a couple of agencies as well to bring in more PoS terminals. Intermarc’s Annual Card Expo Card Expo is one of the ways that we have tried to bring about consumer education because we know that without educating the market place, it is going to be almost impossible to achieve what government needs to achieve in terms of the objectives of government. What we have done is to bring together participants from different parts of the world to exhibit in Nigeria, bring expert speakers from all over the world to talk about some of these things. An important thing with Card Expo is that a lot of our seminars are free. Again just because of this consumer education aspect of it, we want civil servants to come, we want students to come, we want the entire market to be represented so that they can come and get information and they can get to see some of these technologies at work.
General News
Globacom Donates ₦1Billion to Lagos State Security Trust Fund

In its bid to contribute its quota to the consolidation of security in Nigeria’s commercial capital, Lagos, telecommunications giant, Globacom, has thrown its weight behind the Lagos State Security Trust Fund (LSSTF) with a donation of ₦1 billion.

The generous donation was announced at a Private Sector Breakfast Meeting with CEOs, convened at the instance of the Executive Governor of Lagos State, Mr Babajide Sanwo-Olu, on Friday, January 30, 2026 and shows the company’s commitment to fostering public safety which would in turn, culminate in enhanced prosperity and social re-engineering in the state.
The donation, which is the biggest private-sector intervention from the telecommunications sector to the Fund in recent years, again shows that Globacom is a responsible, responsive and people-oriented corporate citizen.
Globacom disclosed that the intervention emphasized deeper collaboration between government and the state’s business community especially in relation to security, innovation and economic resilience—an agenda which the digital solutions company has unabashedly supported through sustained social investments.
The Executive Secretary/CEO of the Fund, Dr. Ayo Ogunsan, in his display of appreciation described Globacom’s largesse as “a powerful demonstration of corporate citizenship and a strategic investment in the stability of Lagos State,” saying since LSSTF was established to bridge funding gaps in security infrastructure, it desired voluntary contributions from corporate bodies and well-meaning collaborators.
Dr. Ogunsan promised that the ₦1 billion donation will significantly enhance the Fund’s capacity to address critical priorities for 2026, including multipurpose security helicopters and drones, Armoured Personnel Carriers (APCs), water cannons, digital communication equipment and Smart CCTV systems. These assets, he added, were germane to proactive policing, rapid response and intelligence-led operations across the state.
He therefore encouraged Lagosians to support businesses that invest in the safety and development of the state, saying, “When companies step forward to secure our environment, residents should reciprocate by patronizing them. Their support directly impacts the protection of lives, property and economic activity.”
A statement from Globacom explained that the donation was an expression of the company’s staunch belief in Nigeria’s future. “At Globacom, we see security not as a government burden alone, but as a shared responsibility. When people feel safe, enterprise grows, creativity flourishes and hope becomes practical. Our support for the LSSTF is about protecting the everyday dreams of millions of Lagosians,” he noted.
With this donation to the LSSTF, Globacom has furthered its tradition of investing directly in the conditions like safety, confidence and stability which help commerce to thrive. Consequent on the support, LSSTF is gingered to raise the bar of security thereby concretizing Lagos State’s position as Nigeria’s safest and most vibrant commercial hub.
This recent financial intervention from Globacom is in tandem with its avowed commitment to social responsibility that is practical, timely, scalable and aligned with national priorities.
The company’s interventions in the past decades have spanned relief efforts for flood-affected communities, support for displaced persons, advanced youth skills through structured training programmes, and investments in education, culture and digital inclusion.
General News
What If the Problem Isn’t Just the Government

By Blaise Udunze
Recent reports in the media space highlighting threats of “naked protests” by market women across several states if the federal government fails to address the issue of hardship underscore the depth of hunger and poverty gripping the nation. No doubt, there is hardship in the country, of which Nigeria’s poverty crisis is often framed as the government’s failure, poor policies, weak institutions, corruption, and economic mismanagement.

From a balanced viewpoint, while these factors are undeniable, they do not tell the full story in its totality. The reality is that the majority of Nigerians, being the larger populace experiencing this challenge, will definitely oppose the ideology that poverty in Nigeria is not merely a policy problem; it is also a societal one. The underlying truth is that this is shaped by citizens’ behaviours, choices, cultural norms, and civic attitudes. This will remain a lived experience of the people until this dimension is confronted honestly; reforms will continue to yield limited results.
Nigeria’s economy has witnessed growth as inflation has decelerated, with headline inflation easing to 15.15percent and food inflation retreating to 10.84 percent, the exchange rate was stabilizing, and foreign reserves ($46.7 billion) had climbed to a seven-year peak, and despite the growth figures and ambitious government targets, millions of Nigerians remain trapped in poverty. More alarming is the recent estimates suggesting that an additional two million people could fall below the poverty line this year alone.
The intrigue is that the geographic distribution of these figures tells a deeper story, and this is more revealing than the numbers; however, there is an uneven geographical spread. Of concern here, which is troubling, is why states such as Yobe, Jigawa, Katsina, Kano, and Zamfara tend to experience or be deep in poverty when compared to other states like Lagos, Port Harcourt, Aba, Enugu, and Onitsha, which are projected to experience less poverty. This disparity raises a critical question, which calls for an urgent answer to why poverty outcomes differ so starkly within the same country, because no doubt, much of the explanation lies beyond government failures.
While governance challenges exist nationwide, the explanation extends beyond Abuja. Perhaps this is from deliberate ignorance of the people; the reality is that it lies in education, cultural practices, social norms, and individual responsibility play decisive roles in shaping economic outcomes.
One key alarming fact that has deeply entrenched poverty in many northern states, unlike other regions, is limited access to education, especially for girls, early marriage, polygamy, and large family sizes. There have been several factors that reinforce cycles of poverty by stretching limited household resources, reducing educational attainment, and limiting economic mobility, and this will continue to be a long-standing challenge or lived experience for the people if not addressed.
It is clearer that practical comparison illustrates this reality. Taking into consideration that a low-income worker in Yobe who marries four wives and raises over twenty children will inevitably struggle to provide adequate education, healthcare, and opportunities for his family, while in contrast, a similar worker in Aba is more likely to marry later, have fewer children, and invest in their education. Without much ado, over time, the children in the latter household acquire skills, productivity, and economic relevance because their parents chose to prioritise education for them, while the former remain trapped in subsistence and dependency. These differences are not subjective; they are structural and measurable.
Religion and culture further complicate the picture as record has it that Nigeria is one of the most religious countries in the world, yet religiosity often serves personal aspirations, prosperity, miracles, or divine favour rather than reinforcing civic responsibility and social ethics. Today in Nigeria, political leaders frequently reinforce this distortion and moral narrative. Only recently, it was announced that public officials in Abuja celebrate marrying off multiple children at once, some governors borrow billions to spend public funds on religious pilgrimages, while underfunding education, healthcare, and infrastructure, they send a clear message about priorities. In contrast, states that invest deliberately in education, such as Enugu with its smart school initiatives, demonstrate how leadership choices influence societal outcomes.
Still, the crisis of responsibility is not confined to any region. It is national, as proved during the discussions at Lagos State’s 12th Summit of the Association of Retired Heads of Service and Permanent Secretaries (ALARHOSPS), it was emphasized that societal progress depends not only on leadership but on citizenship behaviour. According to Professor Wusu Onipede, citizenship is defined by commitment to collective welfare, not mere residence.
The truth is not far-fetched, going by the saying that actions, positive or negative, directly impact society. What would have informed the common actions, such as stealing public assets, vandalizing infrastructure, ignoring traffic laws, or tolerating corruption, all accumulate into widespread societal harm as seen in our everyday lives. Conversely, volunteering, mentorship, and community engagement generate resilience, opportunity, and shared prosperity. With close reading, one will notice that this dynamic was captured succinctly in Professor Oluwatomi Alade’s “Triangle for Change,” which pointed to the home, the school, and the community. Parents must brace up to understand that the primary responsibility is upon them to start prioritising education, teachers who impart both knowledge and character, and communities that uphold civic values create the foundation for sustainable development because the truth is that the change does not only rest on the government. In the same manner, it will be said that neglect in any of these spheres, whether through early marriage, disregard for schooling, or normalization of polygamy, undermines national progress.
Religious institutions, as Professor Oguntola-Laguda argues, must also evolve, which means that beyond spiritual teachings, they should emphasize practical social ethics in the areas of responsibility, productivity, gender inclusion, and civic duty. In regions where harmful norms persist, faith leaders, traditional authorities, and elders possess the influence necessary to drive change, if they choose not to use it, otherwise the society will remain impoverished.
Globally, the link between social norms and poverty is well established, and norms that condone child marriage, gender exclusion, or unchecked family sizes perpetuate intergenerational deprivation. Over the period, in other countries, it is clear that economic interventions alone cannot dismantle these patterns because countries like India show that combining education incentives, political inclusion, and social protection can reduce poverty among marginalized groups. Initiatives such as Uganda’s SASA, which is a program that demonstrates that shifting attitudes toward gender and empowerment lead to improved economic outcomes. Nigeria’s poverty strategy must similarly integrate social transformation with economic reform.
None of this absolves government responsibility. Poorly sequenced reforms, rising taxes, insecurity, weak infrastructure, and inadequate social protection continue to deepen hardship. Senator David Mark of the African Democratic Congress has criticized what he terms “vicious policies” that worsen citizens’ vulnerability. Nigerians are acutely aware of these failures. What they demand is not statistics or political rhetoric, but practical policies that reduce hardship, enable productivity, and promote inclusion.
Even at this, Nigerians must take into cognisance that government action alone is insufficient. Poverty cannot be eradicated where large families are unsustainable, education is undervalued, and corruption is tolerated at the household and community levels. Individual responsibility remains the missing link. Citizens must be discreet in their timing for marriage until they can provide adequately, manage family sizes responsibly, educate all children, especially girls and reject the glorification of excess and impunity.
Insecurity further illustrates this shared responsibility. Though one will argue that the state bears the constitutional duty to protect lives and property, law and order. What about the dwellers? Communities must actively support security efforts through vigilance, information sharing, and conflict resolution. Silence in the face of crime and corruption enables disorder because independence loses meaning when citizens disengage from safeguarding their own communities.
Another critical aspect that is akin to insecurity is that economic development also falters when citizens undermine progress through dishonesty, rent-seeking, and apathy. What people fail to understand is that entrepreneurship, accountability, and cooperation are as vital as government-led job creation. The same thing can be said of cooperatives, vocational training, and local enterprise, which can deliver immediate relief and long-term sustainability. Wealthier Nigerians must focus on genuine social investment, creating opportunities, supporting education, and building institutions that outlast personal interest or individual generosity, rather than charity or wasteful spending or fueling crimes. Social responsibility must become a social norm.
One laughable misconception people harbour about independence, which must be clarified, is that it is not simply freedom from colonial rule; it is the presence of civic responsibility. It must be understood that poverty persists not only because of policy gaps but because of harmful norms, cultural practices, and neglected duties. Anyone can argue this, but the truth is that there will always be a replay of this menace kicked against because every child denied education, every early marriage, every act of corruption reinforces the cycle.
Breaking this repeating problem, known as poverty, takes several coordinated strategies working together, not just one solution. There must be an understanding that the issues are complex and interconnected; they must be addressed from different angles at the same time. For these reasons, the government must provide stable policies, infrastructure, and social protection and the citizens, in like manner, must reform behaviours that perpetuate poverty. The same must be said of the families that must prioritize education, and also the communities must reward civic engagement and innovation. Religious and cultural leaders must promote responsibility alongside faith because these are critical platforms that have the attention of the greater number of people. The policymakers at this juncture must ensure that policies not only deliver relief but also incentivize behaviours that support sustainable development.
Without too much argument, it is glaring that Nigeria’s potential is evident in states and communities that have embraced education, civic virtue, and social reform. Judging by the developments in different states, one will conclude that Lagos demonstrates how engagement and accountability improve outcomes, while Enugu shows that investing in children yields long-term dividends. Conversely, regions where harmful norms persist remain trapped, regardless of federal spending.
Without much ado, all Nigerian stakeholders must come to the terms that Nigeria’s poverty challenge cannot be reduced to government failure alone. It is a collective problem rooted in culture, norms, and personal choices because sustainable development demands both accountable leadership and responsible citizenship. The fact remains that poverty will remain an enduring shadow, irrespective of the repeated threats of “naked protests,” but until Nigerians fully embrace their role as architects, not just beneficiaries of national progress. True independence begins when citizens accept that the future of the nation rests as much in their daily choices as in public policy.
Blaise, a journalist and PR professional, writes from Lagos and can be reached via: [email protected]
General News
EdTech Platform Unveils over 5,000 Self-Paced Courses for Skills, Knowledge, and Literacy

Hallos, formerly known as Aahbibi, has officially announced its rebrand alongside the launch of more than 5,000 self-paced courses aimed at strengthening knowledge transfer, accelerating skill acquisition, and improving literacy among everyday learners across Africa and beyond.

The new identity signals a renewed commitment to building an inclusive, creator-driven learning ecosystem that equips individuals with practical, relevant skills for today’s economy.
Positioned as a creator-economy engine, Hallos brings together education, entertainment, and commerce within a single digital platform. It integrates live classes hosted by creators, social commerce and merchandising, podcast-driven learning, and quiz-based gamification. This blended approach is designed to deepen understanding, boost engagement, and promote fast, practical learning experiences for users at every level.
With creators already active on the platform from Kenya, Ghana, Côte d’Ivoire, Lagos, the United States, and Dubai, Hallos is cultivating a truly global community rooted in African creativity and innovation. Its expanding international network offers diverse perspectives, practical insights, and culturally relevant content that resonates with learners across regions.
Beyond online learning, Hallos is also emerging as a creative economy powerhouse, driving engagement through physical and hybrid experiences.
Upcoming initiatives include the Learning247 Creator Summit at the University of Nigeria, Enugu Campus (UNEC), and a major exhibition at the Enugu Technology Festival. These events are designed to connect creators, learners, and industry stakeholders, fostering collaboration, showcasing innovation, and expanding opportunities in the creative and digital sectors.
At the heart of Hallos’ mission is a four-pillar strategy focused on long-term social and economic impact. The platform is dedicated to supporting women in technology, advancing massive open connected education, and positioning Africa as a global production hub through market-ready skills development.
By empowering individuals with practical knowledge, Hallos aims to strengthen the labour market and unlock new economic opportunities across the continent.
Hallos is also introducing a social impact course that encourages collective participation in Africa’s transformation. The initiative invites individuals, creators, and organisations to help reshape narratives, broaden opportunities, and drive the continent toward greater prosperity.
With its new brand identity and expanded course catalogue, Hallos is charting a bold future for learning — one where creators lead, communities thrive, and practical knowledge is accessible to all.
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