Connect with us


BIG STORY

My Administration Will Run An Open Door Policy — President Tinubu Tells Traditional Rulers [PHOTOS]

Published

on

Nigeria’s President, Asiwaju Bola Ahmed Tinubu on Friday in Abuja assured traditional rulers in the country that his administration will run an open-door policy that is ready to listen to the yearnings of Nigerians toward transforming the country’s rich potentials to reality.

Speaking at an interactive session with the Royal Fathers under the aegis of National Council of Traditional Rulers of Nigeria (NCTRN), the President apprised them on the decision of his government to remove fuel subsidy, improve security, create jobs and sustain the environment as well as the forthcoming election of principal officers of the 10th National Assembly.

‘‘We are all ears. We are ready to listen at any given time. I promise you an open-door policy and that is the way I will go.

‘‘That open-door policy is for you to call me and send to me at any given time any concern that you might have.

‘‘We may not have it right 100 percent of the time but we must get it right 90 per cent of the time for this country,’’ he said.

Responding to issues raised by the traditional rulers on challenges facing the country, he assured them, saying ‘‘worry not because the country is in good hands.” He added that his administration is very conscious of the expectations of Nigerians.

On the decision to remove fuel subsidy, for which various speakers at the meeting expressed support, the President appealed to the traditional leaders to persuade Nigerians to have faith and that the pump prices of fuel will eventually come down.

‘‘I am grateful that you are paying attention to what I have been doing. You have paid attention to the subsidy removal. Why should we in good heart and sense, feed smugglers and be Father Christmas to neighbouring countries, even though they say not everyday is Christmas?

‘‘The elephant that was going to bring Nigeria to its knees is the subsidy. A country that cannot pay salaries and we say we have potentials to encourage ourselves. I think we did the right thing,’’ he said.

While acknowledging concerns on the need for critical infrastructure in different parts of the country, President Tinubu pledged that any road block on the way of the progress of the Nigeria people would be removed by his government.

‘‘The lamentations about the capital projects, where is the money going to come from if we don’t protect our resources and our boundaries?

‘‘You cannot have development without capital projects,’’ he added.

On the leadership of the National Assembly, the President urged the Royal Fathers to counsel their subjects interested in elective positions on the need to manage their ambitions, and create harmony within the legislative house.

President Tinubu declared that he is ready to work with any elected representative from the National Assembly, stressing that the Nigeria project is of paramount importance to him.

‘‘Nigeria must survive. Nigeria must develop. Nigeria must make progress,’’ he said.

On security, the President reiterated his pledge to Nigerians to prioritise the sector until every Nigerian “goes to sleep with their two eyes closed.’’

He emphasized that the unity and togetherness of the country cannot be compromised, saying that every region of the country would get what it is due.

‘‘We are going to tackle youth unemployment. It is only when we have the prosperity for the country that we can create jobs that will employ our youths.’’

Condemning crude oil theft in the Niger Delta region by a ‘tiny percentage’ of the population, President Tinubu said it was counterproductive to the growth of the economy.

‘‘We need to tame those involved in this sabotage and we will work as hard as possible to ensure that the diversity of this country is used for its prosperity, growth and stability.’’

President Tinubu told the traditional rulers that, with the campaigns and elections over, he is primed for governance, and his government has already signed a law that extends the retirement age of judicial officers from 65 to 70 years, while also addressing pension reforms.

Equally on electricity, the President said a constitutional amendment signed into law now allows Nigeria’s 36 States to generate electricity.

‘‘That’s devolution of power and that should be our contribution to the developmental projects you are looking for and we will continue in ways that will help our people,’’ he said.

President Tinubu thanked members of NCTRN for their early visit and prayers for the success of his administration.

‘‘Without your prayers and support, I cannot stand before you as President and I thank you for your support during the campaigns,’’ he said.

In separate remarks, the Chairman and Co-Chairman of NCTRN, the Sultan of Sokoto, Alhaji Muhammad Saad Abubakar, and Ooni of Ife, Oba Adeyeye Ogunwusi, pledged the support and loyalty of traditional rulers from the six geo-political zones to President Tinubu.

They assured the President of their continued prayers in his resolve to move the country forward under his Renewed Hope agenda.

‘‘We are 100 percent in support of your government and we believe in the will of the Almighty Allah you will move this country forward,’’ the Sultan said, while congratulating him and Vice President Kashim Shettima on their election victory, peaceful transition and assumption of office.

‘‘We will contribute our quota to the development of the country once you reach out to us,’’ the Sultan added.

The Ooni of Ife expressed delight that the country has remained united and focused despite the challenges.

Recounting that the President had said he deserves no pity from anyone because he asked for the job, the Imperial Majesty appealed to President Tinubu not to underestimate the power and reach of traditional rulers in complementing the programmes and visions of the new government.

The President and his deputy listened to presentations from representatives from the six geo-political zones, including Shehu of Borno, Alhaji Ibn Umar Al Amin El-kanemi; Obi of Onitsha, Igwe Alfred Achebe; Emir of Kano, Alhaji Aminu Ado Bayero; Amanayabo of Nembe, Edmund Daukoru; Tor Tiv, Prof. James Ayatse; and Deji of Akure, Oba Aladetoyinbo Aladelusi.

BIG STORY

New Secondary School Curriculum To Include Journalism, Programming Modules [SEE FULL LIST]

Published

on

Nigeria’s new secondary school curriculum will introduce modules on journalism, programming, artificial intelligence (AI), robotics, and fact-checking, according to details released on Wednesday.

Dada Olusegun, senior special adviser to the president on social media, shared excerpts of the yet-to-be-unveiled curriculum document via his verified social media handle.

The new curriculum, which applies to both junior and senior secondary schools, is part of government efforts to modernise education and align learning with global digital and professional trends.

Breakdown of the curriculum

According to the document, journalism will now be taught under English Language at the senior secondary level, while programming is spread across both junior and senior cadres.

Digital literacy has also been expanded to include artificial intelligence and robotics in senior classes.

For junior secondary school (JSS 1–3), subjects include:

  1. Mathematics & Measurement (covering algebra, geometry, statistics, and more)
  2. English Language (essay writing, grammar, comprehension, oral skills)
  3. Integrated Science (physics, chemistry, biology, earth science, lab safety)
  4. Digital Literacy & Coding (Word, Excel, PowerPoint, Python basics, Scratch, robotics kits)
  5. Social Studies (history, geography, civics, economy, entrepreneurship basics, global issues)
  6. Languages (mother tongue, French/Arabic)
  7. Creative Arts (drama, crafts, music, film basics)
  8. Physical & Health Education (fitness, nutrition, reproductive health, drug abuse awareness).

For senior secondary school (SS 1–3), highlights include:

  1. English & Communication (academic writing, journalism, fact-checking, public speaking)
  2. Technology & Innovation (Python, JavaScript, HTML/CSS, data science, AI & robotics, cybersecurity)
  3. Research & Project Work (final-year project, data collection, presentation & defence)
  4. Social Sciences (economics, government, history, philosophy, entrepreneurship).

Focus on digital and practical skills

The curriculum also introduces modules on digital entrepreneurship, cybersecurity, media production, and mental health awareness.

Officials say the new subjects are designed to equip students with both academic and practical skills needed to navigate the evolving global economy.

The Federal Ministry of Education is expected to formally launch the curriculum in the coming weeks.

Continue Reading

BIG STORY

Fidelity, Sterling, Other Tier-2 Banks Under Pressure As CBN’s 2026 Recapitalisation Deadline Looms — SBM Report

Published

on

Nigeria’s mid-tier lenders are under mounting pressure to scale up operations or face mergers as the Central Bank of Nigeria (CBN) enforces its 2026 recapitalisation programme, a new report has revealed.

The report, released by SBM Intelligence and titled “Capital, Competition, and Consolidation: How Nigeria’s Tier-2 banks are responding to the CBN’s 2026 recapitalisation order,” examined the financial health and capital-raising efforts of First City Monument Bank (FCMB), Fidelity Bank, Stanbic IBTC, Sterling Bank, and Wema Bank.

In March 2024, the CBN directed banks to increase their minimum capital base by 2026. Under the new rule, international banks must raise ₦500 billion, national banks ₦200 billion, and regional banks ₦50 billion. The apex bank said the measure will boost financial stability and prepare lenders to support the government’s ambition of building a $1 trillion economy.

Share price rally

The SBM report highlighted how some tier-2 banks have outperformed expectations in recent years. Fidelity Bank’s share price rose from ₦1.65 in 2020 to over ₦21.20 by mid-2025, representing more than 1,100 percent growth. Wema Bank also recorded a surge from ₦1.50 to nearly ₦15.00 over the same period.

FCMB and Sterling Bank posted steady gains, while Stanbic IBTC maintained resilience despite macroeconomic volatility.

Capital-raising strategies

To meet the recapitalisation target, FCMB has embarked on a three-phase plan to raise ₦400 billion through public offers, divestments in subsidiaries, and offshore placements. Fidelity Bank has already secured over ₦270 billion from an oversubscribed rights issue and public offer, with plans to complete the process ahead of schedule.

Sterling Financial Holdings is pursuing a mix of rights issues, private placements, and a $400 million public offering, while Wema Bank has combined a ₦150 billion rights issue with a ₦50 billion private placement after an earlier ₦40 billion issue in 2023.

Mergers expected

SBM predicted that consolidation in the banking sector will intensify as the 2026 deadline approaches, with mergers and alliances likely among mid-tier lenders.

“The financial performance of these banks in 2025 underscores their capacity to compete and thrive, even as Tier-1 institutions consolidate their dominance,” the report noted.

It added that the ability of tier-2 banks to adapt to regulatory demands, strengthen technology adoption, and implement bold capital strategies will determine their future in Nigeria’s evolving financial sector.

Continue Reading

BIG STORY

UBA, Mastercard Launch Prepaid Card To Promote Financial Inclusion

Published

on

Africa’s Global Bank, United Bank for Africa (UBA) Plc, in collaboration with Mastercard, Tuesday announced the launch of the Mastercard prepaid card to further accelerate financial inclusion and expand access to digital payment solutions across Africa.

The card, which does not require a traditional bank account, is designed to serve individuals who have historically lacked access to formal financial services, particularly young adults, gig workers, and low-income earners. It enables users to top up funds easily, transact both locally and internationally, and manage spending with flexibility and security.

With more than 28.9 million adults in Nigeria remaining unbanked, and digital-first tools increasingly demanded by youth and freelancers, the prepaid card directly addresses pressing gaps in the financial ecosystem.

Mastercard’s Country Manager, West Africa, Dr Folasade Femi-Lawal and Group Head, Retail & Digital Banking, United Bank for Africa (UBA), Shamsideen Fashola, during the the launch of the Mastercard Prepaid Card to further accelerate financial inclusion and expand access to digital payment solutions across Africa, held at the Bank’s headquarters in Lagos on Monday.

Group Head, Retail & Digital Banking, United Bank for Africa (UBA), Shamsideen Fashola, who noted this is a demonstration of the bank’s customer-first approach, stated that the bank is committed to ensuring that every Nigerian is banked and gets the best service.

“This collaboration with Mastercard is yet another demonstration of our customer-first approach. We are committed to providing practical solutions that meet the everyday needs of Nigerians, and this card will make payments simpler, safer, and accessible to all”

Mastercard’s Country Manager, West Africa, Dr Folasade Femi-Lawal, said: “At Mastercard, we are relentlessly committed to advancing financial inclusion through innovative and secure digital payment solutions that serve both banked and unbanked Nigerians. Collaborating with UBA enables us to unlock endless possibilities by connecting individuals across all income levels, demographics, and social strata. Together, we are empowering Nigerians with the tools they need to confidently participate in the global economy and shape a more inclusive digital future.”

The prepaid card offers distinct benefits for different user groups. Cardholders can use it as a convenient budgeting tool; freelancers and gig workers gain a flexible expense solution; and the unbanked are empowered through a secure, reloadable allowance card. The product is globally accepted and supported by Mastercard’s trusted infrastructure, providing users with peace of mind and seamless digital payment experiences.

This collaboration aims to pave the way for a more inclusive and sustainable financial future in Africa, by striving to break down long-standing barriers, enable underserved communities, and advance economic growth.

United Bank for Africa (UBA) Plc is a leading pan-African financial institution, offering banking services to more than 45 million customers across 20 African countries, as well as in the United Kingdom, the United States, France, and the United Arab Emirates. With a strong focus on innovation, financial inclusion, and customer service, UBA provides retail, commercial, and institutional banking solutions, empowering individuals, businesses, and governments through cutting-edge digital platforms and inclusive financial products.

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

Continue Reading


 


 

 

 

Join Us On Facebook

Most Popular