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Experts to Brainstorm on Nigeria’s Financial Inclusion Initiative at Oriental News Nigeria Confab

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Key stakeholders in Nigeria’s financial sector would engage in a robust round table discussion on governments key policy which centers around inclusive financial system that will cover all strata of the society.

Experts to Brainstorm on Nigeria's Financial Inclusion Initiative at Oriental News Nigeria Confab

The experts drawn from key private sector organisations and regulatory agencies would gather at the inaugural conference on ‘Financial Inclusion’ being hosted by STANMEG Communications, publishers of Oriental News Nigeria.

Sunday Thomas, commissioner for Insurance, who had earlier confirmed participation of the National Insurance Commission, NAICOM, also endorsed the theme of the conference, an initiative he said is a major policy drive which NAICOM is passionate about.

Given this endorsement, NAICOM would be joining other key stakeholders from the Securities and Exchange Commission, SEC, the National Communications Commission, First Bank Plc, who will be part of discussants at the confab.

According to a release issued by the organizers, the conference is being organized given that over the past couple of years, the Federal Government and stakeholders in financial sector have had to deal with expanding financial services to large community of underserved population and dealing with resilience challenges brought about by the confluence of events that have taken place.

They have had to cope with spiralling financial services prices, restricted coverage and dwindling capacity and limits in key lines such low internet knowledge of certain segments of the society like, market men and women, artisans and some physically challenged persons.

Financial services now going digital and dearth of knowledge and risen levels of data and associated costs of telecom services brings huge questions about the effectiveness of the initiative and interruption coverage when combined with the supply chain crunch.

Most underserved groups are demanding cost reductions and our challenging environment peculiarity is part of why the conference is holding to allow stakeholders take a collective view on how to create a suitable path To Advance the initiative.

STANMEG Communications using rigorous research tools observed huge gap in the financial services system with some members of other social strata excluded.

Since 2005, the Nigerian financial services sector has witnessed increasing activities by both the government and the regulatory authorities aimed at deliberately promoting policies that are intended to grow financial inclusion.

The CBN has been at the vanguard of encouraging and supporting products that are specifically targeted at the low income and financially excluded, while the government have focused more on both interventionist financing arrangements and building institutions and frameworks that promotes financial inclusion.

This financial exclusion has significant outcomes for the real sector as lack of access to credit can be a disincentive to entrepreneurship, investment, and economic growth.

The principle of financial inclusion has assumed greater level of importance in recent times due to its perceived importance as a driver of economic growth. Giving access to the hundreds of millions of men and women who are presently excluded from financial services would provide the possibilities for the creation of a large depository of savings, investable funds, investment and therefore global wealth generation.

In other words, access to financial services, that are well suited for low-income earners promote enormous capital accumulation, credit creation and investment boom.

The low-income earners constitute the largest proportion of the population and so control enormous chunk of the economy’s idle fund albeit held in small amounts in the hands of each of the several million members of this group. Harnessing and accumulating these resources provides a huge source of cheap long-term investable capital.

One of our findings is that all efforts are currently challenged on how to ensure that the poor rural dwellers are carried along considering the lack of financial sophistication among this segment of the Nigerian society due to the general low level of financial literacy.

It is on this that we are organising the conference as advocacy measure by bringing experts, policy makers and other Key agencies of government in the vanguard of closing the seeming gap to proffer solution on challenges mitigating the initiative.

The conference will help to advance inclusive financial systems for the identified groups which include Community Based People, Artisans, Low Income Groups, Market Men and Women, Special Persons (Disability Group) that undertake various vocations as well as displaced persons.

The theme of the conference is “Engaging With Critical Grassroots Groups To Develop Effective Financial Inclusion Initiative” with sub theme ‘Identifying Key Action Areas For Financial Inclusion Strategy’ and is scheduled to hold on June 16, 2022, at the Sheraton Hotels, Ikeja Lagos.

The conference chairman is Dr. Uju Ogubunka, Chairman, Bank Customers Association of Nigeria (BCAN), while the Guest Speaker is Mallam Garba Kurfi, managing director APT Securities and Funds Limited.

 

 

 


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Pay Your taxes for Me to Do More – Tinubu

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President Bola Tinubu on Thursday urged Nigerians to pay their taxes, because the revenue is critical for his administration’s Renewed Hope Agenda to fund public infrastructure like roads, hospitals, and amenities across the country.

Pay Your taxes for Me to Do More – Tinubu

President Bola Tinubu

He spoke during the commissioning of interchange at Arterial Road N16 – Ring Road III Intersection linking Jahi District to Gwarimpa District of the FCT.

The project was among those earmarked to celebrate his third year anniversary and he was represented at the commissioning by Godswill Akpabio, Senate President.

He said: “I’m very proud to stand here to commission this Arterial road interchange N16 linking Jahi district to Gwarimpa District of the FCT.

“This is not just a bridge and slip roads, this is freedom of movement and time returned to the people, this is renewed hope that you can even drive on. This intersection used to choke the entirety of Abuja, gridlock stretched from Maitama to Gishiri, from Jahi to Gwarimpa; hours lost, fuel wasted, business were lost but today that story ends.

“This interchange opens up critical districts of the FCT and connects them smoothly to the rest of the FCT. Workers will get home earlier, security will improve because criminals strive when security stands still.

“Ladies and gentlemen, infrastructure is the foundation of prosperity which is the cardinal principle of this administration. Roads are the arteries of a nation, when we connect districts we connect destines and that is the logic of the renewed hope agenda, build the roads unlock the economy and let Nigerians strive.

“The Jahi-Gwarimpa interchange is prove that Nigeria is not beyond redemption. With focus, discipline, and political will, Nigeria will deliver and we are delivering, the FCT is delivering.”

The president also charged Nigerians and residents of the FCT to pay their taxes.

According to Tinubu, it would allow his administration to provide more infrastructural projects.

“Also pay your taxes and levies so that government can do even more for you,” he added.

 


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MTN ASAP Enugu Stakeholders’ Conference Rallies More Action Against Youth Drug Abuse, Unveils N33Bn ASAP Impact

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In a renewed push to confront the rising tide of drug abuse among Nigerian youth, stakeholders converged on Tuesday, June 9, 2026, at the ICC Dome, Enugu, for a State Stakeholders’ Engagement convened under the Anti-Substance Abuse Programme (ASAP).

MTN ASAP Enugu Stakeholders' Conference Rallies More Action Against Youth Drug Abuse, Unveils ₦33 Billion ASAP Impact

The conference brought together government representatives, educators, development partners, and civil society actors to chart a unified path against substance abuse, with disclosures at the gathering revealing that an estimated ₦33 billion has so far been committed to developmental projects, programmes, and initiatives across the country, interventions that have impacted more than 33 million Nigerians directly and reached over 100 million through advocacy and awareness campaigns.

The Executive Governor of Enugu State, Barr. Peter Mbah, represented by the Secretary to the State Government, Prof. Chidiebere Onyia, commended the Foundation for its sustained investment in youth development and the fight against substance abuse.

He noted that the state’s transformation agenda is anchored in youth empowerment, education, healthcare, and human capital development – areas where the Foundation’s ₦33 billion commitment was already making a measurable difference.

“The MTN Foundation’s investment in youth development and the fight against substance abuse aligns directly with our administration’s transformational agenda. Initiatives like ASAP are exactly the kind of partnerships that move the needle on national development,” Prof. Onyia said.

He further urged other private sector players to emulate the Foundation’s example, stressing that the scale of Nigeria’s drug abuse demands sustained collaboration between government, the private sector, development partners, and civil society.

Addressing stakeholders, Odunayo Sanya, Executive Director of the MTN Foundation, said the Foundation, established in 2004 and fully funded by MTN Nigeria, was created to drive impact across health, capacity building, and economic empowerment, with deliberate focus on young people, who constitute the majority of Nigeria’s population.

She explained that the ASAP initiative, launched in 2019 in partnership with the National Drug Law Enforcement Agency (NDLEA) and the United Nations Office on Drugs and Crime (UNODC), was designed to reduce first-time drug use among young Nigerians through awareness campaigns and school-based interventions.

“We have reached over 50,000 students across the country and trained about 1,556 teachers as part of our efforts to create anti-drug ambassadors in schools and communities.”

“For us at the MTN Foundation, saving even one young person from substance abuse is a worthwhile achievement. The consequences go beyond the individual and affect families, communities, and the nation at large,” Odunayo said.

Looking ahead, she disclosed that the Foundation plans to reach more than 20,000 additional students in 2026 through expanded stakeholder engagements, school-based interventions, teacher training programmes, and community awareness campaigns.

She described substance abuse as a major threat to families, communities, and national development, stressing the urgent need for collective action to shield young people from addiction.

According to her, the Foundation’s mission is rooted not just in numbers, but in human outcomes – the lives, families, and futures it helps preserve.

The Executive Director, on her part, called on parents, educators, faith leaders, and community influencers to remain active partners in safeguarding the next generation from the dangers of substance abuse.

The intervention comes at a critical time. Fresh data presented at the conference indicate that over 360,000 youths in Enugu State – approximately 13.4% of the state’s young population – are actively involved in drug use.

Currently, the MTN Foundation (MTNF) and the United Nations Office on Drugs and Crime (UNODC) are conducting a comprehensive National Substance Use Survey to gather grassroots data on drug abuse, especially among secondary school students.


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ICFJ, Wikimedia Honour Nigerian, African Journalists for Outstanding Reporting

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International Center for Journalists (ICFJ), in partnership with the Wikimedia Foundation, has named three African journalists as recipients of the 2026 Open the Knowledge Journalism Awards, with two Nigerians emerging as first and second-place winners.

ICFJ, Wikimedia Honour Nigerian, African Journalists for Outstanding Reporting

The awards recognise journalists whose well-researched reporting helps expand knowledge about Africa and serves as reliable source material for volunteer editors who develop content on Wikipedia.

Wikipedia, the online encyclopedia operated by the Wikimedia Foundation, relies on evidence-based reporting to improve and expand its content, making journalists key contributors to building a more comprehensive global knowledge base.

Earlier this year, African journalists living on the continent were invited to nominate articles they had written that contribute to expanding knowledge about Africa, particularly in the areas of women and youth, as well as arts, culture, heritage and sports.

The organisers said a total of 320 entries were received from journalists across 40 African countries.

The first prize was awarded to Nigerian freelance journalist, Rakiya Muhammad, for her article, West Africa’s Borderless Women: Inside the Yoruba Sisterhood Linking Nigeria and Côte d’Ivoire, published in RM Times.

The story documents the decades-long migration of women from Ejigbo in Osun State to Côte d’Ivoire in search of economic opportunities.

According to the report, the women have become a dominant force in markets in Abidjan while strengthening cultural and economic ties between Nigeria and Côte d’Ivoire.

The article also revealed that as much as 80 per cent of Ejigbo’s economy is supported by remittances and investments from its people living in Côte d’Ivoire.

Reacting to the recognition, Muhammad said the award had renewed her commitment to telling authentic stories that place African women at the centre of development, leadership and social change.

“Receiving this honour renews my passion for telling stories that place African women at the heart of the narrative as active agents of development, leadership and social change.

“The recognition rekindles my commitment to documenting positive stories about Africa with authenticity and depth, while shedding light on the gendered dimensions often overlooked in broader discussions,” she said.

Second place went to another Nigerian journalist, Abiodun Adewale of The Punch, for his story, Breaking Boundaries: How Nigeria’s U-19 Women Are Rewriting Cricket History.

The article chronicles the preparation and performance of Nigeria’s Junior Female Yellow Greens at the 2025 International Youth Cricket World Cup.

The organisers noted that the story highlighted the growing popularity of cricket in Nigeria, a sport that receives relatively limited media attention compared to other sporting disciplines.

A special recognition award was presented to Kenyan journalist Angeline Ochieng of Nation Media Group for her article, The Converts: How Reformed Midwives Are Ending Maternal Deaths, published in the Daily Nation.

The story focuses on former traditional birth attendants in rural Kenya who abandoned the practice to advocate hospital deliveries, contributing to a reduction in maternal deaths and childbirth complications.

President of ICFJ, Sharon Moshavi, said journalism and Wikipedia have a mutually beneficial relationship.

According to her, Wikipedia’s volunteer editors rely on independent journalism to build a more complete knowledge resource, while journalists benefit from the encyclopedia’s global and multilingual reach.

“These awards recognise that relationship and the African journalists who are making our digital information ecosystems stronger,” she said.

Chief Communications Officer of the Wikimedia Foundation, Anusha Alikhan, said although Wikipedia is the largest encyclopedia ever created, it remains incomplete.

She said stories written by Africans about issues affecting the continent were essential to ensuring that the encyclopedia reflected diverse experiences and perspectives.

“We celebrate the three journalists who have received the Open the Knowledge Journalism Awards and thank them for making this kind of reporting possible,” she said.

President of Wikimedia Nigeria and member of this year’s awards selection committee, Olaniyan Ishola Oulushola, commended the quality of the winning entries.

He said each of the selected articles presented opportunities to improve information about Africa on Wikipedia.

“From documenting the history of women cross-border traders in West Africa to the achievements of female cricketers, each of these articles brings us a step closer to closing the knowledge gaps we are working on every day,” he said.

The organisers noted that Wikipedia marked its 25th anniversary in January 2026.

They said the platform is currently among the world’s 10 most-visited websites and remains the only one in that category operated by a non-profit organisation.

According to them, Wikipedia currently hosts more than 65 million articles in over 300 languages, created by nearly 250,000 volunteer editors worldwide, attracting close to 15 billion page views every month.

However, they observed that many topics relating to Africa remain underrepresented, with only about 3.7 per cent of articles on the English version of Wikipedia focusing on the continent.

They explained that the knowledge gap reflects broader shortcomings in global media coverage, noting that new information can only be added to Wikipedia when supported by citations from published and reliable sources.

The 2026 award recipients were selected by a committee comprising African civil society leaders, academics, representatives of ICFJ and the Wikimedia Foundation, as well as members of the Wikipedia volunteer community.


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