Business
‘Constitutional Amendments’ll Lead To Highest Good For Nigerians’
The Deputy Senate President, Senator Ovie Omo-Agege, says the proposed constitutional amendments would lead to the highest good for the greatest number of Nigerians.
He said, “Indeed, the ongoing exercise provides a platform for the good people of Nigeria to express their opinions on the fundamental laws that govern our lives.”
The Deputy Senate President, who is also the chairman of the Senate Committee on the Review of the 1999 Constitution, disclosed this in Sokoto, yesterday.
He spoke at the North-West Zonal Public Hearing, Sokoto Centre, comprising Sokoto, Kebbi and Zamfara states, holding simultaneously across the six geopolitical zones of Nigerian.
Represented by the Chairman of the Sokoto Centre, and a former governor of Kebbi State, Senator Adamu Aliero, Omo-Agege said that, the constitutional review represents a critical phase in the nation’s development, as well as advancement as a country.
A statement signed by the Senior Special Assistant, Media and Publicity to Senator Aliyu Wamakko, Bashir Mani, yesterday, quoted Omo-Agege as saying, “So far, we have had over two decades of constitutional rule, under the 1999 Constitution.
“This is an important feat, and we commend ourselves as a country, even if we are not where we aspire to be.
“As a living document, the Constitution, and to a large extent our constitutional democracy needs to be reviewed, from time to time.
“Just as in our day to day lives, we take stock of the past and plan for the future, so must be with the nation.”
The Deputy Senate President further stated that, at the commencement of the 9th Senate, the lawmakers had set for themselves a legislative agenda, as a basis on which they will be assessed.
According to him, conspicuously included in that agenda is the need to address, by way of constitutional amendments, topical and crucial issues like the Judicial and Electoral Reforms, Local Governments Autonomy, Devolution of Powers and Fiscal Federalism, among others.
He explained, “If we get these items through successfully, then, our constitutional democracy will be set on the right pedestal, and ultimately, Nigeria will take its pride of place among the enviable democracies in the world.
“It is, therefore, with great pleasure that I convey the intention of the Senate to leverage on this exercise, to achieve as many milestones as possible.”
Declaring open the exercise, the Sokoto State Governor, Hon Aminu Tambuwal, represented by his Deputy, Alhaji Muhammadu Dan Iya, described the Constitution as the reference point of democracy.
He said, “And in the 22 years of Nigeria’s experience in government by representation, our gains have more than justified our challenges.
“All constitutions are, therefore, work-in-progress, because they are subject to the changing needs and aspirations of the people, at different times.
“And constitutional reviews are the processes for ensuring this guiding document plays that function.”
Also speaking, the Chairman, Progressives Governors’ Forum and Kebbi State Governor, Senator Abubakar Bagudu, opined that, the exercise was coming at the time of Nigeria’s life when more dialogue was direly needed.
He said that, this became more evident and glaring sequel to the prevalence of myriad of topical issues agitating the minds of many Nigerians.
“It is an opportune time to, therefore, collectively brainstorm on how to discuss these issues, for the country to move forward in unison, by having a more robust Constitution.”
There were also goodwill messages from the Speakers of the Sokoto and Zamfara states’ Houses of Assemblies, Aminu Achida, and Nasiru Magarya, respectively.
In a vote of thanks, the senator representing Sokoto North Senatorial District and also a former Governor of Sokoto State, Aliyu Wamakko said that, the proposed review of the Constitution was for the good of all Nigerians.
Wamakko, who is a member of the North-West Sub-Committee, Sokoto Centre, lauded the National Assembly for the initiative, as part of the 9th Senate Legislative Agenda.
He commended all Nigerians for participating in the exercise, just as he specifically thanked all governors in Nigeria for their invaluable support to ensure the success of the all-important national assignment.
Wamakko averred that, “It will afford all Nigerians to meaningfully contribute to the review exercise, hence, the entrenchment of a more equitable Nigeria.”
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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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