Business
Activist Seeks Telecom, Education Operators’ Synergy
Chairman, National Human Rights Commission (NHRC), Prof. Chidi Odinkalu, has advocated a partnership between telecom service providers and the education sector to provide education for all.
He made the call while addressing newsmen on Tuesday in Abuja on the sidelines of the 2015 annual National Management Conference of the Nigerian Institute of Management (Chartered) (NIM).
The Tide gathered that the theme of the two-day conference is “Managing Nigeria for rapid and sustainable development: Redesigning the future.’’
Odinkalu said that the Universal Basic Education Commission (UBEC) was set up to guarantee compulsory education for every Nigerian child, irrespective of geographical location or social status but had not been achieved.
“Basic education is defined as ending at the first three years of minimum education.
“At the moment we are not getting that minimum so we are breaching our own laws.
“Nigeria is said to have between 10.5 to 11 million out-of-school children and that is the rank from which you get the thugs, almajiris and all that.’’
To begin to get results in the education sector, Odinkalu advocated that the laws concerning education should be implemented while seeking ways to reach other Nigerians that might not be able to get conventional education.
“There are populations (adults) that are outside the range of regular education and so we need partnerships to deliver.
“How is it that there are GSM companies everywhere; whatever they did let’s learn from them.
“If Akin Adesina (former Minister of Agriculture) could make the GSM a facility for reaching all farmers, we should make it a facility for reaching all persons with education in the language they understand.
“It is very easy to turn the GSM companies into delivery vehicles so we provide the content and they can provide delivery,’’ he said.
The human rights advocate also said that he was optimistic that though Nigeria did not achieve the Millennium Development Goals (MDGs), it could achieve the Sustainable Development Goals (SDGs).
Mrs Adaeze Uzo-Kalu, the Executive Director, Asset Management, Nigeria Electricity Liability Management Company (NELMCO), said that inclusion of women and youth in governance was important.
She said women were money and human managers and so would be good managers of the nation if included in running it’s affairs.
“In the last government, I was pleased with the inclusion of women and the only way we can go forward to achieving sustainable development is through women.
“Women are good managers of people and finance; it is therefore imperative to include youth and women for us to have sustainable development.
“If there is no inclusion of women and youth in the cabinet, they are capable of voting out the elected officers since they were instrumental in putting them there in the first place,’’ she said.
The chairman and president of NIM, Mr Nelson Uwaga, said that one of the major setbacks of Nigeria was mismanagement of both human and material resources.
According to him, other nations that are not as blessed as Nigeria have moved on to greater heights while Nigeria is still struggling.
“Nigeria is endowed with the finest of natural resources and the best minds in all walks of endeavour but poor management has been the bane of this nation’s development.
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
