Business
The Imperatives Of States Creation
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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Banking/ Finance
Ripple Survey Reveals Appetite for Digital Assets
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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