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CBN Creates Awareness On Financial Inclusion

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13 years ago

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The Central Bank of Nigeria (CBN ) has embarked on a road show to create more awareness on financial inclusion and to commemorate Global Child and Youth Finance Week.

The Director, Consumer Protection Department of CBN, Hajia Umma Dutse, last Monday in Abuja, said it was the first time Nigeria formally participated to mark the event.

The director was represented at the occasion by her deputy, Hajia Khadijah Kasim.

The Child and Youth Finance Week is an initiative of Global Child and Youth Finance Movement and it is celebrated worldwide.

It is aimed at ensuring that children and youths have access to safe and trustworthy financial services, have skills, knowledge and opportunities required to use these services responsibly and prudently.

Dutse said the commemoration was to create financial awareness and to engage children and youths on topics of finance.

She said that the event was part of series of activities identified in financial inclusion framework as veritable means of creating financial education and awareness amongst children and youths in Nigeria.

“The children and youths are the future leaders in whom the destiny of our great nation lies. In them lies the fulfilment of our vision of an economically developed and prosperous nation,” she said.

According to her, Nigeria joins the comity of nations that have accepted and adopted the idea of financial inclusion.

“The CBN was among financial regulators from 20 developing countries that made a commitment to the advancement and promotion of financial inclusion amongst its citizenry in Rivera Maya, Mexico.

“Nigeria made a commitment to reduce the number of Nigerians that are excluded from the financial system from 46.3 per cent to 20 per cent by 2020,” Dutse, said.

Dutse stressed the need for the creation of adequate awareness to enable the informal sector participate effectively in financial inclusion.

“We must therefore increase the awareness and understanding of financial products and services, enhance efficient usage of financial resources.

“It will also empower Nigerians with the knowledge to make informed choices and take effective action that will enhance their financial well-being.

“By so doing, we would empower them with the confidence to be part of active participants in the formal financial system”.

She said that children and youths had been captured as target group in financial literacy framework of the financial inclusion.

The director called on Nigerians to inculcate and develop positive attitude from early age to enable them become financially independent, capable and prudent leaders.

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Kenyan Runners Dominate Berlin Marathons

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3 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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3 days ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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3 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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