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The Imperatives Of States Creation

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Requests for the creation of more states in Nigeria have been made on many occasions.

There have been requests for the creation of Okura out of Kogi; Aba from Abia; Njaba and Orashi out of Imo; Adada from Enugu State; Toru-Ebe from Delta, Edo and Ondo states; Hadejia out of Jigawa and Katagum from Bauchi State.

Similarly, there have been requests for the creation of Tiga out of Kano State; Karadua and Kafur from Katsina State: Lagoon from Lagos State; Oke-Ogun and Ibadan out of Oyo State; Kwararafa from Taraba and Amana out of Barno. Some people have also solicited the creation of Adamawa, Taraba and Savannah states out of the current Adamawa State; Edu , Gurara, Kainji and Borgu from Niger Apa from Benue, New Delta from Delta and Oduduwa out of Osun, among others.

The requests for states creation became so rampant to such an extent that the former Chairman, House of Representatives’ Committee on Defence, Mr Wole Oke, once announced that the House had received more than 50 requests for the creation of new states.

Observers, therefore, wonder why various ethnic groups across the country have presented a plethora of requests for the creation of more states.

However, some political analysts contend that the sustained campaign for the creation of more states in the country is not because Nigerians have a penchant for promoting divisions of the polity.

Rather, they note that the proponents of new states are only seeking the expansion of the scope and platform for more citizens to express themselves and uti lise their potential under a federal system of government.

Political historians recall that state creation began in Nigeria on May 27, 1967, when the administration of Gen. Yakubu Gowon abolished the regional structure of the country and created 12 States.

They note that the administration of Gen. Murtala Mohammed created additional seven states in 1976, while 11 more states were created by former military President Ibrahim Babangida between 1987 and 1991.

They add that the administration of Gen. Sani Abacha created additional six states in 1996, which brought the current number of states to 36.

Observers, nonetheless, note that the existing states were all decreed into existence by military governments without consideration for the citizens’ consent, as stipulated in the constitution.

They recall that although former President Shehu Shagari initiated a move for the creation of 30 additional states through the machinery of the National Assembly; the move was scuttled, following the 1983 military intervention.

All the same, some cynics have, on several occasions, queried the wisdom in making requests for more states at this point in time.

In spite of such view-points, the Senate announced in 2010 that it would set up a sub-committee within its Constitution Review Committee to specifically consider various requests for the creation of more states across the country.

The Senate has assured the public that the proposed sub-committee would consider the requests and make recommendations.

Besides, the House of Representatives recently said that it had collated the views of Nigerians on the proposed constitution’s review across the country, stressing that states creation was one of the salient themes of the people’s proposals.

Nevertheless, some cynics kick against plans to create more states in Nigeria, stressing that virtually all the existing states depend solely on allocations from the Federation Account for their survival.

They insist that states creation should not be a priority project because every new state will mean an extra burden on the Federation Account, as some of them may not be self-sustaining.

A public analyst, Mr Qudus Lawal, wrote in Daily Post, an online publication, that the quest for states, as contained in the 1958 Willink Commission Report, arose from the concern of minority groups that their interests were not protected in the then Northern, Western and Eastern Regions.

“The report correctly noted that states creation would in fact not be a solution to the fears of minorities, as additional states may not guarantee the creation of another minority group in the new states.

“Some of those craving for new states opined that new states will curb persistent ethnic clashes being experienced in some parts of the country, an example that readily comes to mind is Kaduna South.

“If our aim is to use states creation to settle disputes then, we should be ready to create at least 250 homogenous states.

” My suggestion is that we maintain the present number of states since collapsing them is unlikely, while creating several functional local governments.

” Lawal’s sentiments notwithstanding, a former member of the House of Representatives, Mr Joseph Gumbari, said in a media interview that: “I look at these requests as coming from people who are desirous of development.

“Looking at the history of the creation of states, it has been an exercise that has brought about development; it has also brought government closer to the people.

“From the three regions to the four regions after independence; from the 12-state structure to 19 States and to the present 36-states structure; it is very obvious that development has come to those areas.

“It is expected that some of these people who feel the need for development would always be engaged in demanding for  new states.

“We expect that whatever demands that are to be submitted to the National Assembly, all requests will be treated dispassionately, while taking into consideration the realities on ground.

Sharing similar sentiments, the Coordinator of the National Association of State Movements (NASM), Dr Yakubu Ugwolawo, said that states were universal1y accepted as the building blocks of development in a federal system.

“Creation of more states will spread development across the land and help bring the much touted dividends of democracy to the door steps of the average Nigerian; the creation of more states will also create new jobs,” he said.

Ugwolawo said that as part of efforts to convince sceptics on the need for more states creation, NASM, in collaboration with the Coalition for Responsive Governance, would organise a seminar on May 27 to stimulate public understanding of the advantages of having more states.

Ugwolawo stressed that the creation of more states in the country would ensure more rapid and even development of rural and urban areas, while enhancing the citizens’ living standards.

He noted that many Nigerians wanted the creation of new states to satisfy their political and development aspirations, calling on the National Assembly not to fail them in that regard.

All in all, analysts urge the National Assembly’s committees on state creation to evaluate all the requests for the creation of more states and make positive recommendations on those that meet the constitutional requirements.

They say this will enhance the citizens’ confidence in the legislature and boost democratic governance.

Olaitan writes for NAN.

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Wealth Creation: GCPBS  Convenes Strategic Investment Workshop In PH

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In a significant move aimed at strengthening financial literacy and promoting sustainable economic growth, the Alumni Association of the Garden City Premier Business School (GCPBS) has hosted its inaugural Annual Executive Workshop in Port Harcourt, drawing key stakeholders from across Nigeria’s financial and public sectors.
The workshop, themed “Wealth Creation through Investment in Money and Capital Markets,” held at the Corporate Residence, William Jumbo, Port Harcourt recently,  brought together financial experts, policymakers, and professionals to deliberate on practical investment strategies in a rapidly evolving economic environment.
The event attracted a distinguished audience, including alumni of the institution, officials of the Securities and Exchange Commission, financial market leaders, top government functionaries, and seasoned professionals committed to advancing wealth creation initiatives in the country.
In her opening address, Chairman of the GCPBS Alumni Association, Her Excellency Dr. Mrs. Mina Tele Ikuru, charged the participants to take full advantage of the knowledge-sharing platform, stressing the importance of continuous learning and informed financial decision-making.
Also speaking, the Rivers State Head of Service, Dr. Mrs. Inyingi Brown, underscored the need for smart investment practices, noting that true wealth lies not merely in hard work but in the ability to make money work efficiently through strategic investments.
Deliberations at the workshop exposed participants to practical insights into navigating the financial markets, with experts emphasising the need for liquidity-conscious investments and encouraging the exploration of commercial papers issued by reputable corporations.
Speakers further highlighted the benefits of leveraging money market instruments such as bank deposits, while also stressing the importance of understanding market timing—knowing when to buy, hold, or exit investments—as a critical factor in achieving optimal returns.
The concept of compounding was extensively discussed as a powerful tool for long-term wealth accumulation, alongside the introduction of SWOOT—Stocks Worth Over One Trillion—with leading financial institutions identified as dominant players in Nigeria’s stock market.
Participants were also cautioned against common investment pitfalls, including the dangers of holding excessive idle cash, exposure to inflationary pressures, and the growing threat of fraudulent Ponzi schemes often disguised with unrealistic promises of high returns.
They also stressed the importance of diversification as a risk management strategy, with experts warning that failure to spread investments across asset classes could expose individuals to avoidable financial losses.
A panel session anchored by Prof. John Ohaka featured robust contributions from Barr. Bernard Ibe and Figbene Briggs, who examined critical approaches to monitoring investments and ensuring long-term financial stability.
A Financial expert, Uche Uwaleke (FCMA) provided further guidance, advocating the adoption of the DHL investment model—Diversify, Hedge, and Long-term planning—while emphasising the need for constant monitoring of market capitalisation and price indices.
The event also featured goodwill messages and the presentation of awards to deserving individuals and organisations, including Oida Energy Limited, Xenergi Limited, Aslan Resources Ltd, and Dr. Mrs. Mina Tele Ikuru, in recognition of their contributions to economic development and professional excellence, while special honours were conferred on Prof. Silver Opuala-Charles and Dr. Mrs. Inyingi Brown.
In a closing remark, Prof. Adline Ben-Chioma who summarised the key takeaways from the workshop, reiterated the importance of informed investment decisions, as ESV Okputu delivered the vote of thanks, appreciating organisers, speakers, sponsors, and participants for their roles in the success of the inaugural initiative.
By: King Onunwor
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Banking/ Finance

Ripple Survey Reveals Appetite for Digital Assets

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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.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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