News
NIPOST Targets 40m Nigerians in Financial Inclusion Programme
Mallam Ibrahim Mori Baba, post master general of Nigerian Postal Services (NIPOST), has said that the Post will bring over 40 million rural people into the financial market with the establishment of shared financial agent services across the country.
The PMG was speaking on the newly launched One Network managed multi- stakeholder partnership at Kubwa Post office, Abuja.
He said the post office will soon become the most important center for access to financial and citizen services under the financial inclusion pragramme of the Central bank of Nigeria (CBN) in partnership with the federal Ministry of Communications Technology.
Baba stated that the NIPOST is not just about posting stamps but is actually setup to provide much more such as e-commerce and other allied services.
‘‘We have completed arrangements with e-commerce services providers like Konga who will also be able to utilize this project to extend their services to unserved areas across the country.
The facility which is a partnership between NIPOST and NigComSat and managed by One Network limited is powered by NigComSat’s new Ka-band to boost internet accessibility in all the targeted 50,000 rural area locations across the country.
The launching of the project was described as a major milestone in making financial inclusion a reality in Nigeria, with about 1,170 post offices available for the provision of the shared financial services by Central Bank Licensed Financial institutions like FirstBank’s FirstMonie, Nigeria Agric. payment Initiative ( NAPI ) involving NIMC , Ministry of Agriculture and Central Bank based on Cellulant’s mobile payment platform.
Ms Abimbola Alale, managing-director of NIGCOMSAT, said that the new Ka-band would provide cheap internet financial transactions and internet accessibility at a lower cost to Nigerians through this partnership.
Alale said the new Ka-band inaugurated recently would be used by NIPOST, government, private and public stakeholders to achieve its aim.
Mr Peter Jack, director general of NITDA, also expressed commitment in setting up Public Access Venues with connected systems that can be used for access to digital services by the local community where the post offices are located.
The project is an initiative of stakeholders coming together to make sure that it works out.
It is expected to transform NIPOST to a modern postal service through digital financial services starting with 1170 Post offices across the country.
Mr Sola Bickersteth, chief executive of One Network, the project managing partner, said the Ka-band satellite from NIGCOMSAT would enable affordable connectivity in every rural community across Nigeria, creating job opportunities for interested agents .
He said rural people would also have access to agriculture loans, small business loans , mortgage facilities , insurance among others services that are beneficial to rural citizens .
“We are collaborating with The various stakeholders to have the post offices properly equipped, powered and connected as well provided with trained agent services staff,’’ he added.
Under the scheme, other financial institutions and service providers would also have the opportunity to become a part of the NIPOST Financial and Citizen Benefit Shared Services Scheme which targets 50,000 locations across the country.
In addition, the National Identity Management Commission ( NIMC) also would leverage the facility for enrolment of local citizens to obtain their National Identity Cards.
Obafemi Banigbe, chief executive officer of T2, has stressed that Nigeria’s long-term economic transformation depends on continuous upskilling, digital learning, and workforce adaptability.
Speaking as Special Guest at the 32nd Annual Trainers’ Conference (ATC 2025) of the Nigerian Institute of Training and Development (NITAD), held recently at the Shehu Musa Yar’Adua Centre, Abuja, Banigbe warned that without deliberate investment in human capital and technology-driven innovation, the nation risks lagging behind in a rapidly evolving global economy.
Drawing from personal reflections, practical insights, and a forward-looking vision, Banigbe urged Nigerians to reimagine approaches to learning, work, and growth in order to build a prosperous, inclusive, and innovation-led society.
He emphasized that the traditional model of “learning once and working forever” is obsolete.
“With Nigeria projected to become the world’s third most populous nation by 2050, and 70 percent of its citizens under 30, the need for continuous upskilling, digital learning, and adaptability is not optional, it is existential,” he stated.
Banigbe underscored the importance of democratizing access to digital tools, ensuring that every Nigerian child has the same opportunities as peers in developed economies.
He called for the creation of Afrocentric educational content, including culturally relevant cartoons, to help children learn science, mathematics, and history through familiar cultural references rather than foreign identities that disconnect them from their environment.
He also urged a national shift away from a culture that prizes certificates and training hours to one that rewards competence, innovation, and problem-solving.
He envisioned a civil service and workforce driven by solutions rather than processes, stressing that while artificial intelligence may analyze and automate, it cannot dream, uphold ethics, or create new nations, a reminder of the enduring human advantage.
Banigbe further encouraged adoption of cost-effective training models such as online platforms, virtual cohorts, and open-source learning, while acknowledging the continued value of global exposure where local resources fall short.
During an interactive question and answer session, he addressed concerns around affordability, accessibility, and the role of self-driven digital education in shaping Nigeria’s future-ready workforce.
He assured participants that T2 itself is on a path of transformation, committed to delivering world-class services as a proudly Nigerian brand.
In recognition of his contribution to national dialogue and thought leadership, the President of NITAD, James Bulus, presented Banigbe with an Award of Excellence.
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Tertiary Education Trust Fund (TETFund) have agreed to a new strategic partnership aimed at driving innovation, entrepreneurship, and workforce readiness.
Led by its National President and Chairman of the Organized Private Sector of Nigeria (OPSN), Engr. Jani Ibrahim, a high-level NACCIMA delegation visited the TETFund headquarters in Abuja today.
The team was received by the Executive Secretary of TETFund, Arc. Sonny S.T. Echono, during what both parties described as a milestone engagement.
Discussions during the meeting focused on collaborative initiatives including entrepreneurship development, support for the green economy, commercialization of academic research, industry–academia synergy, and skills development to better equip graduates for the evolving demands of the labour market.
A key outcome of the meeting was the mutual agreement to sign a Memorandum of Understanding (MoU) and establish a NACCIMA–TETFund Joint Technical Committee that will oversee the implementation of agreed initiatives.
Both sides also expressed commitment to developing additional partnership frameworks that will bolster Nigeria’s competitiveness and economic resilience.
Also present at the engagement, Prof. Umar Bindir lauded the collaboration, highlighting the need for structured, long-term partnerships between academia and the private sector to generate practical solutions to Nigeria’s socio-economic challenges.
Arc. Echono, in his remarks, praised NACCIMA’s leadership in promoting enterprise and innovation, and reaffirmed TETFund’s readiness to work closely with the Organized Private Sector to foster research, innovation, and economic transformation.
This collaboration positions NACCIMA as a key driver of national development, helping to bridge the gap between education, enterprise, and policymaking, while empowering young Nigerians and strengthening the foundation of the country’s knowledge economy.
PalmPay, a digital banking platform, in partnership with Nigeria’s telecom giant, Glo, is celebrating winners in the ongoing PalmPay & Glo Recharge. The exciting campaign, which kicked off on June 19, 2025, will run until August 23, 2025, rewarding loyal customers with fantastic prizes and exclusive bonuses.
Since the promo commenced, users have won prizes ranging from Oraimo Earbuds to Infinix Hot 40i.
The ongoing weekly campaign has recorded 20 winners, which include:
- Michael Emmanuel from Lagos emerged as the winner of an Infinix Hot 40i
- Perpetual Amos, winner of an Infinix Hot 40i
- Semiu Adekunle Abegunde, winner of an Infinix Hot 40i
- Josiah Oluwasegun Adewale, winner of an Oraimo Earbuds
Michael Emmanuel from Lagos recounted his experience as the lucky winner of the Infinix Hot 401 as he couldn’t hide his excitement. He noted, “I am so excited! I didn’t even expect it. I received a call while I was sleeping, informing me that I’d won, and I went live immediately to confirm it was real. I’ve been using PalmPay for about two years now, and winning this is such a great feeling. I’ll keep using PalmPay, and I encourage everyone to recharge their Glo line on the app; you could win too.”
The campaign, which is in its last week, has winners revealed every Friday during a live raffle draw streamed across PalmPay’s social media channels. The campaign gives customers the chance to get amazing prizes, including an iPhone 15 Pro, an Infinix Hot 40, and many other exciting rewards. Users also enjoy up to 6% cashback when purchasing Glo airtime or data via the PalmPay app.
New Glo data subscribers who have not signed up for a plan in the past 90 days will also receive a 100% bonus on their recharge during the promo period.
How to participate:
- Download the PalmPay app.
- Link your Glo number in the app.
- Purchase airtime or data via PalmPay; every transaction increases your chances of winning.
- Join the live draw
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