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Vision 20:2020: Nigeria Must Invest In Water Sector — UNICEF
Nigeria must increase its investment in the water and sanitation sector in order to meet its vision 20:2020 document goal, a UNICEF official said.
Dr Suomi Sakai, UNICEF Representative in Nigeria, made the observation in Abuja recently at the Presidential Summit on Water.
She said Nigeria also needed to scale up investment in the sector to meet the MDGs by 2015.
“ Unless the country rapidly scales up efforts, Nigeria is not likely to meet the MDGs target seven (7) on water and sanitation.
“A lot more will be required for Nigeria to live up to its full potential,’’ Sakai said, and urged President Goodluck Jonathan to sustain the good work he had started in the sector.
“Private sector partnership will help but government’s concerted effort is necessary. UNICEF has been and will continue to partner with government to implement its programmes.
“Domestic water requirement may be small compared to other water use but it is critical,” she said.
Sakai advised that the water programme should not be buried under a “big” water segment, such as agriculture or industry.
In a goodwill message, Ms Ebele Okeke, Water, Sanitation and Hygiene (WASH) Ambassador in Nigeria, urged the president to set up a Presidential Action Committee on Sanitation to move the sector forward.
She said if the committee was established and funded, coupled with robust monitoring, Nigeria would be on its way to winning the war against problems posed by the lack of sanitation.
Okeke decried the low rate of sanitation in institutions of higher learning in the country.
She noted that there was only one toilet for every 500 students and described the situation as 10 times below the standard of one toilet for every 50 students.
“Lack of improved toilets with hand-washing facilities in schools affects educational enrolment, retention and performance and girls are particularly affected.
“Poor sanitation is a contributing factor in Nigeria’s low girl net attendance ratio of 59.1 per cent as compared to 64.9 for boys,’’ the ambassador said.
According to her, the benefit of proper sanitation surpasses the cost, including health care cost, and loss of productivity.
Also speaking, Mr Joe Lambongang, Country Representative, WaterAid in Nigeria, called for actions to address the challenges in the sector.
Represented by Ms Junita During, WaterAid Head of Governance, Lambongang urged the Federal Government to implement plans in the roadmap document.
“I, therefore, urge that the plans being unveiled today reflect this reality not the reality of the privileged and the elite but that of the poorest and most vulnerable.
“In keeping with your promise of transformation, the people of this great country know that they can look to you to promote, provide and protect their rights to safe water and adequate sanitation, ’’he said.
Prof. Anwar Huq from the University of Maryland, U.S., presented a paper on “Water, Climate and Human Health: Cholera an example for other water-borne pathogens”.
The summit will continue on Tuesday with the inauguration of new management teams of the 12 River Basin Development Authorities.
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.
