Business
Sign Federal Road Bills Into Law, Expert Urges Buhari
Unsettled with series of setbacks suffered in the passage of the Federal Road Bill, and National Road Fund, an expert, Engr. Charles Omordu, has urged President Muhammadu Buhari to sign the National Road Fund and Federal Road Bills into law.
Omordu, former Director of Engineering in the Rivers State Mitnistry of Works, in an interaction with The Tide, Monday, narrated how several attempts had been made in the past by the Executive branch of Government to reform the road sector but all to no avail.
This explanation, he said the 8th National Assembly decided, early 2016, “to take the bull by the horns by embarking on a holistic reform of the transportation sector with the participation of all relevant stakeholders, resulting in the bills that emerged from its chambers”.
These bills, he explained, were subsequently reviewed and passed by the current 9th National Assembly, noting that if strategically implemented, the bills will catalyse the diversification and expansion of Nigeria’s economy.
Omordu, who is also a Fellow of the Nigerian Society of Engineers (NSE), explained that NSE and other stakeholders served on two technical committees, amongst others, “to ensure that the Road Sector Reform Bills, National Road Fund and Federal Road Bills were professionally drafted to stimulate a holistic transportation system, which would have guaranteed the sustainable wellness and economic competitiveness of Nigeria in the sector.
“The technical committee also re-created the road transport mode which would be a formidable force for re-inventing the economy of Nigeria.
“Signing the bills into law, and giving required approvals, will expedite and professionally guide the implementation of the Transport Sector Reform Bills passed by the 9th National Assembly”, he said.
He disclosed that an effective and efficient transportation system is a catalyst for accelerated socio-economic development in any nation.
According to him, there are evidence-based studies that had confirmed that the absence of a sustained, coordinated and inter-modal management of the transportation systems in any nation contributed about 25 to 30 per cent to the cost of production of goods and services in such countries.
“For more than four decades, Nigeria has failed to carry out a holistic reform of the transport sector, in spite of numerous attempts by various governments and stakeholders to champion policies, bills and programmes aimed at the remarking of the sector.
“The damage this unfortunate scenario has inflicted on the socio-economic growth and development of Nigeria has been serious and colossal, and the 9th National Assembly recognised the compelling need to find solutions to the mitigating factors that had stalled the reform of the transport sector and, therefore, embarked upon a robust programme to ensure the passage of the relevant bills.
“Unfortunately, the bills were not assented to by Mr President during the 8th National Assembly. It is, therefore, reassuring that the 9th National Assembly has successfully passed all the Bills, and it’s necessary that Mr President give speed assent to it”, he said.
He also noted that it had become pertinent to put together a taskforce on transport sector reform with membership drawn from all the relevant public and private sector organs, including the states.
By: Corlins Walter
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.
