Business
‘Poor Budgetary Allocations, Bane Of Civil Service’
Head of Civil Service,of Akwa Ibom State, Mr Ekerebong Akpan has described the civil service as the engine room of government.
Akpan made this assertion in a goodwill message as the special guest of honour at the first Regional Trainers Conference orgainsed by the Nigerian Institute of Training and Development (NITAD), South- South last held in Port Harcourt,State Wednesday.
The Akwa Ibom State top civil servant regretted that the civil service has not been given its pride of place as the engine room of government as its potentials are yet to be maximised.
Akpan observed that the bane of the civil service included “poor budgetary provisions for human capacity building, lack of essential skills, competence and expertise’’.
The Akwa Ibom Head of Service who was represented by Dr Kemi Abaye, identified public private partnership (PPP)as a verifiable gateway for sustainable development.
She urged participants at the conference to identify potential partners for projects and develop a blueprint that would harness the opportunities of PPP for the provision of sustainable training and development process for the benefit of the partners.
President and chairman of council, NITAD, Mrs Janet Osun, in a keynote address observed that for Nigeria to effectively harness the benefit of PPP, there must be proper training and development of everyone in the system, legal framework, political climate and cultivation of moral social values to attract investors.
According to her, first and foremost, we are to train all the partners, all those who will take part in the agreement.
We also need adequate funding and the fund must be well managed we must have the will power to see any project through’’.
On her part, the co-ordinator, South- South Region and Chairman, Rivers and Bayelsa States Chapter of NITAD, Mrs. Jane Osunde explained that the conference which is the first in the region is aimed at creating awareness and platform for the private sector.
Tonye Nria-Dappa
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
