News
Senator Accuses Banks of Turning Female Marketers to Sex Slaves

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.

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.
News
UK, Nigeria Launch £15m Growth Programme to Accelerate Economic Transformation

The UK Minister for Africa and International Development, Baroness Jenny Chapman, has concluded a two-day visit to Nigeria, during which she announced a new £15 million Growth Programme, deepened cooperation on digital transformation and health, and visited communities benefiting directly from UK investment on the ground.

The visit, spanning Abuja and Kaduna, underscored the breadth and depth of the UK–Nigeria Strategic Partnership and marked a significant step towards both countries’ shared priorities.
The UK–Nigeria Growth Programme
The centrepiece was the meeting with Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele. During their meeting, they discussed the new UK–Nigeria Growth Programme. Over three years, it will accelerate economic transformation, unlock private investment and support Nigeria’s transition from macroeconomic stabilisation to sustained, reform-led growth.
Alongside the Growth Programme, the UK announced deeper collaboration on Nigeria’s digital economy through the SPRIRET initiative, delivered under the UK’s Digital Access Programme. SPRIRET will support digital governance reforms across five Nigerian states, reducing regulatory barriers and enabling greater investment and innovation in broadband, digital services and emerging technology.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele said: “We continue to value the UK–Nigeria relationship, one of the most important partnerships for both our countries. Today, that relationship extends beyond traditional ties and now focuses on development, growth, and shared prosperity.
“The UK–Nigeria Growth Programme helps bring this partnership to life—supporting capital market development, technology investment, small businesses, and technical assistance. We look forward to seeing how these opportunities deliver lasting benefits and drive progress for both countries.”
Trade and bilateral ministerial meeting
During the visit, Baroness Chapman met with the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole. Discussions covered progress under the Enhanced Trade and Investment Partnership (ETIP), including boosting exports via the Developing Countries Trading Scheme, fintech and capital markets links.
Kaduna: building on two decades of partnership
In Kaduna, Baroness Chapman met with Governor Uba Sani to take stock of over 20 years of UK–Kaduna partnership and explore how cooperation can deepen shared priorities. She heard from the business community and key institutional investors about their investment aspirations and the role of the UK in supporting investment mobilisation and enabling climate finance.
She met with community animal health workers and livestock breeders to discuss the UK’s support on breeding techniques, animal health and livestock vaccines. She also visited Unguwan Sanusi Primary Health Care Centre, which serves approximately 20,000 people in Kaduna South, hearing directly from patients and frontline health workers about the impact of UK-supported health programmes.
At the end of the visit, the UK Minister for Africa and International Development, Baroness Jenny Chapman, said: “This visit has reinforced everything I believe about the UK–Nigeria partnership.
“That it is deep, it is real, and it is moving in the right direction. From launching our new Growth Programme with Honourable Minister Oyedele, to meeting from frontline health workers in Kaduna — every conversation this week has shown me a country full of ambition and a partnership that is genuinely delivering for both sides.
“Nigeria is a partner that the UK is proud to stand alongside and I leave more convinced than ever that the next chapter of this partnership is its most exciting yet. The UK is here for the long term, and we are ready to grow together.”
News
Mobile Internet Gender Gap Widest in Africa – GSMA

More than 810 million women across low- and middle-income countries (LMICs) remain offline, with Sub-Saharan Africa recording one of the world’s widest mobile internet gender gaps.

According to the GSM Association’s (GSMA’s) Mobile Gender Gap Report 2026, released this week, women in LMICs are still 12% less likely to use mobile internet than men, leaving an estimated 200 million fewer women connected than their male counterparts.
This is despite mobile internet becoming the primary gateway to the digital economy, according to new research from the GSMA.
The report reveals that of the 810 million women who remain offline globally, more than two-thirds live in Sub-Saharan Africa and South Asia −regions that continue to experience the widest disparities in digital access.
The findings highlight significant implications for Africa, and the challenges facing governments, mobile operators and development agencies seeking to expand digital inclusion.
The report notes that Sub-Saharan Africa’s mobile internet gender gap stands at 26%, second only to South Asia’s 25%. The divide becomes even more pronounced outside major cities.
“In LMICs, the gender gap in mobile internet adoption tends to be two to three times wider in rural areas than urban areas. In 2025, across all LMICs, the gender gap in mobile internet adoption was more than three times wider in rural areas than in urban areas.
“There is also a difference at the regional level, where the gender gap in mobile internet adoption is wider in rural than urban areas of LMICs in every region except Europe and Central Asia.”
For Africa, the rural challenge is particularly severe, the report warns.
The GSMA found that the gender gap in mobile internet adoption reaches 34% in rural areas of Sub-Saharan Africa, compared to 21% in urban centres.
Device challenge
Smartphone ownership remains a major obstacle to digital inclusion. The report found that women across LMICs are 13% less likely to own a smartphone than men, representing approximately 210 million fewer women with access to internet-enabled devices.
Across Sub-Saharan Africa, only 34% of women own smartphones, with the region recording a smartphone ownership gender gap of 22%, with access to internet-enabled devices remaining one of the most important factors influencing whether women eventually adopt mobile internet services.
“The type of mobile device a person owns matters, as it typically affects whether and how they use the internet. Once someone owns a smartphone, they are much more likely to be aware of mobile internet, adopt it and use it regularly and in a variety of ways. In fact, once women own a smartphone, these metrics more closely resemble those of men,” notes the report.
Barriers persist
Despite growing awareness of mobile internet and its benefits, women continue to face multiple barriers to meaningful participation in the digital economy.
The report identifies affordability, literacy and digital skills as the leading barriers preventing women from getting online.
Even after gaining access, women frequently report safety and security concerns, data costs and connectivity quality as obstacles to broader internet use.
The report notes: “Addressing rural gender gaps is essential to advancing digital inclusion for women overall. In particular, women who live in rural areas tend to have limited physical access to essential services and may have the most to gain from better access to mobile and mobile internet.
“Addressing gender gaps in mobile ownership, particularly of smartphones, and in mobile internet use can help women in rural areas benefit from these digital technologies to the same extent as men.”
Claire Sibthorpe, head of digital inclusion at the GSMA, warns that progress is not happening quickly enough and emerging technologies such as artificial intelligence risk creating new forms of digital exclusion.
“While there has been a slow narrowing of the mobile gender gap since 2022, much more is needed to address the persistent and significant gender gaps in mobile internet adoption and use.
“We live in an increasingly digital world and the proliferation of technologies such as AI are creating greater digital divides and inequities, elevating the need to ensure digital inclusion for all.”
News
Payaza Secures ‘A’ Credit Ratings from Moody’s, Agusto, DataPro, Intelligence Africa

Payaza Africa, a payments infrastructure company, has earned strong credit ratings from four major rating agencies, reinforcing its growing reputation as a resilient and credible player in Africa’s financial services ecosystem.

The payment company recorded upgrades across the board, with DataPro raising its rating from A to AA-, Intelligence Africa assigning it an A- investment-grade rating, Agusto upgrading it from BBB to A-, and GCR, an affiliate of Moody’s, also moving it from BBB to A-.
A credit rating reflects a company’s financial strength and its ability to meet debt obligations, indicating how safe it is for lenders and investors to extend credit.
In a statement on Monday, the company described the achievement as a validation of its disciplined growth trajectory and operational resilience in a dynamic fintech landscape. It added that the upgrades position Payaza as a future-ready brand with increasing relevance not only within Africa but also in the global fintech space.
Commenting on the development, Seyi Ebenezer, the Chief Executive Officer of Payaza Africa, said the ratings reflect years of deliberate effort to build a sustainable and globally competitive institution.
“This milestone is a strong affirmation of the work we have done to build Payaza on a foundation of discipline, trust, and long-term value creation. Receiving these upgraded ratings sends a clear message that Payaza is not only growing, but growing with strength, structure, and sustainability,” he said.
Ebenezer noted that the recognition goes beyond financial performance, highlighting the company’s ability to execute strategically while maintaining strong risk management practices.
“For us, this is bigger than recognition. It reflects our commitment to building a world-class institution that can compete globally while continuing to serve businesses and consumers across the continent with excellence.
“Over time, our ratings journey has reflected more than strong financial performance. It speaks to a business built on disciplined execution, prudent management, and the ability to scale responsibly in a dynamic market. This has helped us stand out not only as an innovator in digital payments, but as a maturing financial institution with the operational depth to compete globally.
“These new ratings are expected to further strengthen Payaza’s standing with investors, regulators, partners, enterprise clients, and the wider financial community. In a sector where trust, resilience, and compliance are increasingly central to long-term success, independent ratings remain a powerful endorsement of a company’s ability to manage risk, meet obligations, and sustain growth,” Ebenezer said.
Payaza Africa provides payment infrastructure solutions focused on collections, payouts, embedded finance, and digital commerce enablement for businesses across Africa.
The company has also continued to expand its product ecosystem with solutions such as Payaza Checkout for payment collections and payouts, Chat and Pay by Payaza for WhatsApp-based transactions, Payaza Give for donations and digital contributions, and Shopaza, its e-commerce platform designed to help businesses sell and receive payments more efficiently.
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