The Central Bank of Nigeria (CBN) reveals that 32 per cent of Nigerians remain unbanked, highlighting a significant gap in financial inclusion. Speaking on Wednesday at the Financial Literacy Fair in Abuja, the Acting Head of the Consumer, Ibrahim Yahaya Protection Department, shared that 52% of adults now have formal bank accounts, totaling about 54.2…
President Bola Tinubu has announced that fisheries and aquaculture will be central to Nigeria’s Blue Economy, aiming for self-sufficiency and major fish exports. The President’s message was conveyed by the Minister of Marine and Blue Economy, Adegboyega Oyetola during the 39th Annual National Conference of the Fisheries Society of Nigeria in Abuja. “The recent…
For the growing number of African asylum seekers and economic migrants in the US, the upcoming presidential election could reshape their entire future. “We deserve safety,” says Dr Yves Kaduli, a 38-year-old asylum seeker from the Democratic Republic of Congo who lives in the US. “I have a dream that I will defend those that…
Korede Abdullah in Lagos Nigeria’s 36 states and the Federal Capital Territory (FCT) have recorded a significant increase in internally generated revenue (IGR), reaching N2.43 trillion in 2023. This represents a 26.5% growth from the N1.92 trillion recorded in 2022, indicating improved internal revenue mobilization efforts. The National Bureau of Statistics (NBS) attributed the IGR…
Korede Abdullah in Lagos Nigeria’s internet consumption took a slight hit in September 2024, dropping 0.82% to 850,249.09 terabytes from the 853,954.05 terabytes recorded in August. This decline coincided with a decrease in the country’s subscriber base, largely attributed to the verification of National Identification Numbers linked with SIM cards. The verification exercise, which concluded…
Stakeholders have called for the establishment of a comprehensive framework to address conflicts between farmers and herders as Nigeria’s Federal Ministry of Livestock Development officially begins operations. This call comes following a recent workshop on livestock reforms, where a communique was issued by Prof. Attahiru Jega, Co-Chair of the Presidential Livestock Reforms Implementation Committee. “The…
The World Bank has urged the Central Bank of Nigeria (CBN) to avoid intervening in the foreign exchange market through forex auctions. In its recent Nigeria Development Update, the institution emphasised the need for the CBN to reaffirm its commitment to a flexible exchange rate, advocating for a comprehensive and transparent approach to foreign exchange…
In this report, Gom Mirian explores the implications of the ongoing energy crisis, the disconnect between promises and reality, and the potential consequences for the upcoming elections. Reliable Electricity In a nation where reliable electricity is essential for development and poverty alleviation, the incessant collapse of Nigeria’s national grid has become a pressing concern…
Hussaini Kafi in Kano Over 1,000 farmers in Kano State, predominantly involved in rice and tomato value chains, have received vital agricultural inputs from the Federal Government. This initiative, part of the Special Agro-Industrial Processing Zones (SAPZ) Programme, is aimed at boosting food security and economic diversification in Nigeria. Dr. Kabir Yusuf, the National Programme…
The federal ministry of Agriculture and Food Security has called for the establishment of agricultural insurance and weather advisory desks at the community level to bolster climate resilience among smallholder farmers. Minister of Agriculture and Food Security, Sen. Abubakar Kyari made the call on Monday in Abuja. Kyari stressed the critical role of timely weather…
