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IIM Annual Lecture To Address Transparency, Accountability & Good Governance

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Dr. Oyedokun Oyewole, president /chairman Governing Council Institute of Information Management (IIM) Africa
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The Institute of Information Management (IIM) 2016 annual lecture has been slated to address the place of data harmonisation to entrench transparency, accountability and good governance in the Country.

The Institute has also announced plans to honour different stakeholders in Nigeria and other parts of the world including past and present public office holders, captains of industries including leaders across the various sectors of the economy during the annual lecture, Induction & Award ceremony with the theme: “Leveraging On Proper Information Management As Basis For Promoting Transparency, Accountability and Good Governance In Nigeria”.

Speaking on the annual programme, Dr. Oyedokun Oyewole, president /chairman Governing Council Institute of Information Management (IIM) Africa, said that  in view of the several challenges the Federal Government of Nigeria is faced with today coupled with the massive amounts of data that they must process, harmonised and integrated in order to meet mission requirements and deliver relevant, consistent, and current information to other government entities and the constituents they serve, there can’t be a better time for this all important annual lecture than now.

Oyewole, said that accountable governance, the fight against corruption, and improved service delivery depend upon the availability of good quality information about decisions and actions.

According to him, poor quality data, information and records will lead to missed opportunities to maximize the full value of publicly funded projects and programs.

“The recent drive by the present administration to fight corruption, promote transparency and good governance can only succeed if government have unhindered access to quality information.

“It is obvious from recent happenings in government that Nigeria as a nation is yet to have fully control over the records and information being generated, used and transmitted by the government, as government struggle to manage their public records in accordance with international good practice standards. Most often, basic records and information management controls are not in place.

“Without these controls, records are likely to be incomplete, difficult to locate and authenticated. Where they exist, they can be easily manipulated, deleted, fragmented or lost,” he said.

The President / Chairman Governing Council, IIM-Afruca added that poorly kept records, resulting in inaccurate or incomplete data, can lead to misunderstanding and misuse of information; cover-up of fraud; skewed findings and statistics; misguided policy recommendations and misplaced funding, all with serious consequences for poverty reduction and economic development.

“Managing public sector records as a basis for accountability, transparency and good governance is a systemic issue rather than an issue relating to any particular records type.  A reliable and accessible evidence base is vital for all aspects of open government, particularly the right to information and open data, which are dependent upon the ability to access reliable records and information.  Records management will not in itself achieve transparency, but without it, transparency is not possible.

“Every public sector policy maker, auditor, court official and fraud investigator knows the importance of being able to find, use and trust official records as evidence of policies, actions, transactions, expenditure, precedents, rights and entitlements. 

“Most citizens know how important it is to have proof of their rights, for instance land rights or rights in court.  And yet, in many government entities,  records are difficult to locate and to trust”, he said.

Records, as defined in international standards, are any ‘information created, received, and maintained as evidence and as an asset by an organization or person, in pursuit of legal obligations or in the transaction of business.  They may be in any medium, form, or format’ (ISO, 2011).

“It is increasingly important to link together all of the official information required as records, whether it is entered directly in a database, maintained as a digital record or kept on a paper file.

“Well-managed records and information provide clear and durable evidence of what the government has promised, what it has done, what services it has provided and how it has spent public funds. Weak records controls result in an ad hoc, potentially misleading national evidence base that opens opportunities for manipulation, corruption and fraud; weakens citizens’ ability to claim fair rights and entitlements; undermines the ability to plan and monitor policies and services; and makes it difficult to open records and information effectively. 

‎”The quality of the records and information, especially new forms of digital records, depends on the strength of the control regime, including laws, policies, practices, structures, and skills as developed through professional collaboration between government and professional institutions like the Institute of Information Management which would eventually engender quality records management standards in government,” he explained.

Dr. Oyewole said that as digital information systems replace paper-based systems, it is essential that records in digital form are capable of providing the evidence upon which governments and citizens depend. 

He said that inaccurate or incomplete records can result in misleading data that can reduce trust in the government. 

“In developing records and information management commitments, government should clearly state how records and information management will serve to make government more transparent.  Introducing a records control regime or upgrading systems to streamline procedures without actually making information available to the public does not make governments more transparent. Government should be committed to increasing transparency and access to information, and should therefore ensure appropriate powers, resources and enforcement procedures are in place to facilitate data and information sharing amongst various government agencies.

Without good quality records, which, in turn are the result of well-functioning records and information management systems, governments can find it difficult to operate efficiently, to prevent fraud and corruption, or to protect their citizen.

“The availability of trustworthy records is, therefore, an essential foundation of the systems designed to deliver good governance and services to citizens leading to positive development outcomes. If records and information management systems do not function properly, neither can these other systems”.

Aside the Lectures, the event will also feature the conferment of the Institute of Information Management (IIM) Fellowship on individuals who have made substantial contribution to the development of the Information Management and Technology profession, its practices or the Institute  of Information Management itself and Honorary Fellows on other professionals with backgrounds outside of Information Management field but are identified as having made significant contributions that impact on the profession and the society or the Institute of Information Management.

Dignitaries expected to be honoured at the event include The Honorable Minister of Information and Culture, Alhaji Lai Mohammed, Oba Adeyeye Enitan Ogunwusi (Ojaja II), The Ooni of Ife (Royal Father of the Day), Bernadette Bosse – Chairman and CEO of the Board, Certified Document Management Association, Canada, Engr. Aliyu Aziz Abubakar, Director General, National Identity Commission (NIMC), Abuja, Prof. Ibrahim Garba – Vice-Chancellor, Ahmadu Bello University (ABU), Zaria, Peter D Komarkowski –  President Data Protection Association, USA,  ACM Nsebong Charles Akpabio – Assistant Corps Marshal, Federal Road Safety Corps Zonal Commanding Officer, FRSC Zone 2 Command, Headquarters Lagos as well as many other MDs and CEOs of major Institutions, Information Management and Technology firms among others.

Other categories of inductees include Graduate, Associate, Professional, Senior Professional and Corporate.

Special awards will also be presented to individuals and organisations who have performed credible well in the industry.

The Institute of Information Management (IIM) is the premiere professional membership driven Institute in Nigeria and Africa, approved by the Federal Ministry of Education (FME) with the consent of the Attorney General of the Federation serving the emerging field of Records, Information, Archives, Data, Security, and Document Management Professionals, with partnership and affiliation with different international organizations like the Information and Records Management Society (IRMS), UK, Professional Evaluation and Certification Board (PECB), Canada, Online Business School UK,  The International Association of Privacy Professionals, The International Records Management Trust UK, Information Requirements Clearinghouse USA, Information Governance Conference USA, Tribal Group, Information Matters etc.

The Institute of Information Management is strategically positioned to help government and professionals in both public and private organizations in Nigeria and Africa to develop the required frameworks, tools and culture needed to build capacity by improving professionalism in this essential field, as required in various disciplines including finance, administration, engineering, construction, project management, procurement, IT, communications etc.

Sound policy, clear standards, competence, certification, research and effective processes are all aspects of first-class information management programs that the Institute of Information Management unique faculties has got to deliver through our various learning and professional development programs, aimed at empowering information management professionals globally.


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New Study Reveals How Moniepoint Powers Nigeria’s Downstream Oil Sector with Same-Day Settlements and Working Capital Boost

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In a move to strengthen Nigeria’s downstream oil and gas sector, Africa’s all-in-one financial platform for businesses and their customers, Moniepoint Inc. says it is transforming how petrol stations across the country manage payments, access credit, and track inventory through innovative financial solutions.

As the largest distribution network for financial services in Nigeria, the leading banking and payments platform trusted by million in its latest case study titled, “Fueling the Nation: How Moniepoint Powers Nigeria’s Oil and Gas Industry”, reaffirmed its commitment to providing digital payment solutions and business management tools to improve operational efficiency in Nigeria’s downstream sector.

The study released recently examined how petrol stations play a crucial role as vital distribution points for fuel in Nigeria, especially in areas with limited access to alternative energy sources. Over 90 per cent of passenger and freight movement in Nigeria is by road, literally fueled by petrol stations that facilitate an average of 41 to 47 million litres of petrol every day.

The downstream oil and gas sector has been considered as the lifeblood of the Nigerian economy, however, for decades, petrol station operators have grappled with the “T+1” settlement cycle, where funds from card payments are only accessible the next day. In an industry with razor-thin margins and the need for immediate restocking, this delay often leads to “dead tanks” and lost revenue.

According to the case study, Moniepoint has bridged this gap by introducing same-day settlements, ensuring that station owners can access their funds instantly to pay suppliers and keep pumps running. The report further reveals that 90.9% of petrol stations now utilize POS terminals as standard infrastructure, with digital channels accounting for 43% of all fuel payments nationwide.

The Moniepoint case study on Nigeria’s downstream oil and gas sector provides very insightful commentary on critical aspects of running a petrol station, including payment systems, inventory management, and funding challenges.

Giving insight into the report and its relevance to the nation’s energy segment, Managing Director, Moniepoint Microfinance Bank, Babatunde Olofin, noted that the study seeks to deepen policy engagement, provide actionable intelligence on critical success factors needed for the nation’s socio-economic growth across different verticals.

Olofin noted, “We are pleased to release this comprehensive report on Nigeria’s downstream sector. Moniepoint’s reason for being is to create financial happiness and power dreams. Reports like this move us in that direction, enabling us to support critical infrastructure that keeps the nation moving.

“Looking at the relevance, with data on their business transactions and our business management tools, petrol stations can effectively plan their inventory and availability, knowing exactly when to stock up and ensuring operations run smoothly to serve more customers.

“By providing fuel retailers with the financial tools they need, Moniepoint is creating a future where access to reliable fuel distribution is improved and represents more than a fundamental right for all in an equitable and efficient system.”

Some other Key insights from the report include: The Liquidity Gap: 1-in-3 station owners identify access to credit as their biggest recurring challenge.

Credit Success: Moniepoint has disbursed millions of Naira in working capital to the sector with a 99.81% repayment success rate.

These tools have enabled nearly three in five fuel stations nationwide to transition from cash-dependent, manually-operated businesses into digitally-enabled enterprises with reliable access to both payments’ infrastructure and growth capital.

This study by Moniepoint comes on the heels of others like the previous case studies on family-owned businesses, South-East’s Onitsha Market, community pharmacies, women-owned businesses, North-East agriculture and the definitive Informal Economy Report, which collectively demonstrated how digital payment solutions are transforming Nigeria’s commercial landscape across diverse sectors and market structures.

Moniepoint’s ongoing commitment to financial inclusion and economic development has positioned it as a catalyst for growth across Nigeria and beyond. The company processes billions in transactions monthly and continues to expand its reach, supporting millions of businesses with payments, banking, credit, and business management solutions.

 


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FG Mandates Shared Funding for N1.98trn Electricity Subsidy

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Federal Government has directed state governments to begin sharing the cost of electricity subsidy alongside the Federal Government.

FG Mandates Shared Funding for N1.98trn Electricity Subsidy

It was gathered that payments for the subsidy will now be funded through the Power Assistance Consumers Fund (PCAF), a government-backed pool created to subsidise electricity bills for low-income and vulnerable consumers.

The fund is designed to replace blanket subsidies with targeted support, improve affordability amid rising tariffs and stabilise the power sector.

More than 18 states are already operating electricity regulatory agencies, while others are preparing to do so. The states include Lagos, Ondo, Osun, Ekiti, Edo, Delta, Bayelsa, Akwa Ibom, Cross River, Abia, Anambra, Imo, Kogi, Niger, Nasarawa, Plateau, Gombe and Jigawa.

The Director-General of the Budget Office of the Federation, Mr. Tanimu Yakubu, disclosed this in Abuja at the opening of the 2026 Post-Budget Preparation workshop on the Government Integrated Financial Management Information System (GIFMIS).

Speaking in an address read on his behalf by the Director of Expenditure Social, Mr. Yusuf Muhammed, Yakubu said states that enjoy the political benefits of electricity subsidy must also contribute to covering the financial gap created by the policy.

“Mr. President has directed that we operationalise a clearer framework to share the cost of electricity across the federation, so the burden is not treated as an open-ended fiscal residual — I mean federal residual,” he said.

“If you want a stable power sector, we must pay for the choices we make. When tariffs are held low, a gap is created. That gap is a subsidy, and a subsidy is a bill.”

He added: “In 2026, we will stop pretending that this bill can be left to the Federal Government alone, especially where the policy choice or the political benefit is shared across tiers of government.”

According to him, the President has ordered the activation of the electricity sector’s legal framework to ensure subsidy burden-sharing is practical and transparent.

“This means subsidy costs must be explicit, tracked and funded, so they do not return as arrears, liquidity crises or hidden liabilities in the market,” Yakubu said.

“It also means that if any tier of government chooses affordability intervention, the responsibility must be clear, agreed and enforceable. This is not punishment. It is an alignment.”

He further warned MDAs to make subsidy-related costs visible in their planning.

“The implication is simple: make subsidy-related costs visible in your planning and submissions. Do not push liabilities into the market as arrears or unfunded commitments,” he said.

Yakubu also disclosed that President Bola Tinubu has directed a review of Nigeria’s Fiscal Responsibility Framework to make fiscal rules more dynamic and enforceable.

“Fiscal rules are not a slogan; they are the guardrails of government,” he said.

“Without guardrails, spending becomes impulsive, debt becomes casual, and the budget becomes a statement of intent rather than a tool of delivery.”

He added that capital projects in 2026 must be delivery-ready and properly financed.

“A long list of projects is not a development strategy. It is often a map of disappointment. What citizens feel is delivery, completed roads, reliable power, functional schools and working hospitals,” Yakubu said.

Reacting to the development, the Director of Media and Communications of the Nigerian Governors’ Forum, Mr. Yunusa Abdullahi, said: “We are reviewing the context and content of the information. We will not be making further comments on it.”


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Spain Bars Under-16s from Social Media in Digital Safety Crackdown

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Spanish Prime Minister Pedro Sánchez has unveiled plans to ban children under 16 from social media platforms, mandating robust age verification systems as part of a sweeping legislative package to curb toxic online content.

Spain Bars Under-16s from Social Media in Digital Safety Crackdown

Speaking at the World Government Summit in Dubai, Sánchez declared platforms must erect “real barriers that work” beyond mere checkboxes, shielding minors from the “digital Wild West” where they navigate unprotected.

The proposal, set for approval by Spain’s Council of Ministers next week, amends a draft bill in parliament and holds social media executives legally accountable for illegal content like disinformation, hate speech and child pornography.

The measures introduce tools to track harmful material spread, while criminalising algorithm manipulation that amplifies such content for profit.

“Spreading hate must come at a legal, economic and ethical cost platforms can no longer ignore,” Sánchez emphasised, vowing governments would stop turning a blind eye.

Spain joins Europe’s hardening stance on youth online access, mirroring Denmark’s under-15 ban plans from last fall, France’s push for restrictions by September, and Portugal’s new bill requiring parental consent for under-16s.

The moves signal a continental shift to “regain control” of digital spaces amid rising concerns over youth vulnerability.


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