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FG Targets 2% of Consolidated Revenue for Health Care Funding

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The Federal Government is considering approaching the National Assembly to increase the Basic Health Care Provision Fund (BHCPF) from the current 1 percent to at least 2 percent of consolidated revenue as part of efforts to ensure stronger and more sustainable domestic investments in Nigeria’s healthcare sector.

Minister of State for Health, Dr. Adekunle Salako, announced this at the opening of a four-day National Policy Dialogue on “Reimagining the Future of Health Financing in Nigeria,” held in Abuja on Monday. The event was organised by the National Health Insurance Authority (NHIA).

Salako said the move was necessary in view of the rising out-of-pocket health expenses facing Nigerians, a trend that government is determined to address.

He stated, “Under the Presidential Performance Agreement we signed, a key deliverable for the Ministry is to enroll at least 44 million Nigerians into the national health insurance scheme by 2030. This will help reduce out-of-pocket expenditure on health, which currently stands at an unacceptably high rate of about 70%.”

The Minister explained that government’s priority remains strengthening the health framework, expanding coverage, ensuring sustainability, and tackling persistent challenges such as inadequate budgetary allocations, systemic inefficiencies, fragmented programming, and limited reliable data.

He reaffirmed government’s commitment to transforming the country’s health financing system through domestic resource mobilisation, expanded insurance coverage, and reforms to reduce reliance on external aid. According to him, the administration is dedicated to improving citizens’ health through sustainable strategies.

Salako commended the NHIA for convening the policy dialogue, noting that President Bola Tinubu had directed the Ministry of Health to reduce dependence on foreign aid by boosting domestic funding.

“The President has consistently emphasised that a strong health system is vital for national growth, and has therefore mandated the implementation of several interconnected policies to achieve Universal Health Coverage and protect vulnerable Nigerians,” he said.

The Minister pointed to the growth in federal budgetary allocations for health as proof of the administration’s commitment. He explained, “Nigeria’s health budget has grown significantly from ₦434 billion in 2018 to ₦1.2 trillion in 2021. While this represents commendable progress, the 2025 allocation of ₦2.48 trillion, equivalent to 5.18% of the total federal budget—though more than doubling since 2021, remains far below the 15% benchmark set by the Abuja Declaration.”

Highlighting efforts to expand health insurance access, Salako added, “Key among these is the National Health Insurance Act of 2022, which makes health insurance mandatory for all Nigerians and seeks to significantly expand coverage beyond the previous 5% of the population. The Act also established the Vulnerable Group Fund to cater for those unable to afford premiums.”

While urging stronger domestic investments, he stressed that Nigeria must learn from international best practices, citing Ghana and Kenya as examples. “Moving forward, we must be prepared to learn from best practices in other countries. Nigeria aims to adapt such models, strengthen regional collaboration, and apply context-specific innovations,” he said.

The four-day forum is expected to provide a platform for shaping the future of health financing in the country. Participants will explore new strategies, review existing challenges, and seek practical solutions to expand funding and reduce the burden on households.

Speaking at the event, Director-General of the NHIA, Dr. Kelechi Ohiri, described the dialogue as timely. He noted that the global financing landscape for health is undergoing major changes.

“This gathering is dedicated to shaping the future of domestic health financing in Nigeria. This dialogue is timely. Globally, the financing landscape for health is shifting. The world we knew, where official development assistance played a central role, is changing rapidly. We are in what I describe as a period of multiple transitions,” Ohiri said.

He highlighted three major global transitions—development financing, health, and demographics—and stressed that these shifts demand a change in strategy.

According to him, “Nigeria recognises these realities. At the last World Health Assembly, the global community adopted a landmark resolution on strengthening health financing. This resolution reaffirmed commitments to increase domestic investment in health to achieve Universal Health Coverage, ensure that external financing complements rather than dictates national priorities, reduce fragmentation and dependency, strengthen systems for tracking and reporting health financing flows, and support countries in developing health financing roadmaps.”

Ohiri explained that the dialogue would prioritise citizen perspectives, private sector involvement, and sub-national participation. He said discussions would begin with engagement involving citizens, civil society, the media, and representative associations.

He further noted, “The forum will then review the state of health financing in Nigeria using data and evidence to guide policy, followed by discussions with sub-national governments, and conclude with high-level engagements involving the Ministries of Finance, Budget and Planning, and the Presidential Committee on Tax Reform.”

He stressed that NHIA’s mission is in line with President Tinubu’s reform agenda, adding, “We are committed to expanding financial protection for all Nigerians by reducing dependence on out-of-pocket payments. Equity remains central to this effort, ensuring that the poor and vulnerable are not left behind. This is a call to action and a call to collaborate. Achieving sustainable and equitable health financing will require the collective effort of government, civil society, development partners, the private sector, and academia. As we begin today, I hope the energy and commitment to this forum will culminate in clear commitments, documented outcomes, and a roadmap for Nigeria’s future in health financing.”

Panellists at the event, which included public health experts, media practitioners, development partners, and other health stakeholders, discussed innovative approaches for sustainable health financing. They examined accountability in the sector with a focus on improving budget transparency, participatory budgeting, and expenditure tracking.

Participants also deliberated on the role of the media as a strategic tool for promoting transparency and accountability in driving domestic resource mobilisation for health.

The national policy dialogue on health financing will continue until Thursday, with outcomes expected to shape future reforms and investments in the sector.

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Tinubu Tells Colombia VP: Nothing Can Divide Africa and Latin America

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President Bola Ahmed Tinubu today received Vice President Francia Márquez of Colombia at the Aso Villa, emphasizing the importance of strengthening ties between Africa and Latin America.

Speaking during the meeting, Tinubu highlighted the shared cultural and historical connections that unite both regions. He recalled Márquez’s remark about returning to “the land of our ancestors,” noting that “no ocean can separate a shared heritage.”

The President explained that while history once created divisions between Africa and Latin America, both sides are now committed to fostering new collaboration. “Our shared history can lead us to a brighter future of mutual prosperity,” he said.

Tinubu praised the efforts of Vice President Kashim Shettima and his team for laying the groundwork for the partnership. According to him, Nigeria’s business opportunities with Colombia have already improved, and the agreements reached enjoy his full support.

He added that Nigeria’s recent bilateral progress with Brazil could serve as a model for cooperation with Colombia, especially in aviation, while urging the Ministry of Foreign Affairs to accelerate diplomatic engagements.

“Nigeria brings the energy of a young, skilled population; Colombia brings opportunity and heritage. We must keep collaborating to drive inclusive growth, social justice, and stronger South-South cooperation,” Tinubu stated.

As Africa’s largest democracy, he assured that Nigeria will continue to play a leading role in building lasting partnerships with Latin America and the Caribbean. “No ocean is wide enough to divide us any longer,” the President affirmed.

NASENI begins training on mini-tractor assembly and maintenance

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The Engineering Directorate of the National Agency for Science and Engineering Infrastructure (NASENI) has commenced a one-week hands-on training programme on the assembly, operation, and maintenance of NASENI Multipurpose Mini-tractors.

Declaring the training open, the Coordinating Director, Planning and Business Development, Dr. (Mrs.) Nonyern Onyechi, explained that the training followed the Agency’s Memorandum of Understanding (MoU) with KNIGHTS Company of the Czech Republic on technology transfer.

She stated that four staff members had earlier participated in an intensive training session in the Czech Republic, making it necessary to cascade the knowledge to other staff, particularly in tractor assembly and maintenance procedures. “This training is very important, and I urge participants to take it seriously and acquire the skills that will enable them to contribute meaningfully to Nigeria’s agricultural and economic development,” Dr. Onyechi said.

In his welcome remarks, the Director, Technology and Business Development, Engr. Ozigi O. Bernard, welcomed the participants and stressed the importance of commitment throughout the exercise. He noted that the outcome of the programme would reflect the results expected from the four staff members trained abroad in tractor coupling and maintenance.

While appreciating the support of the Executive Vice Chairman (EVC), Engr. Bernard encouraged staff to maximize the opportunity by applying the knowledge gained to advance national development.

The one-week training programme, which began on Monday, 1st September 2025, will run until Monday, 8th September 2025, with a focus on advancing technology transfer, boosting agricultural productivity, and improving economic growth through innovative engineering solutions.

Nigeria, Colombia sign MOU on political consultations and economic cooperation

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Nigeria and Colombia have signed a historic Memorandum of Understanding on political consultations, marking a new chapter in diplomatic and economic relations between the two nations. The agreement was signed on Monday during the Nigeria–Colombia Bilateral Meeting and Business Forum at the Presidential Villa in Abuja.

The signing was carried out by Nigeria’s Minister of Foreign Affairs, Amb. Yusuf Tuggar, and Colombia’s Deputy Minister of Multilateral Affairs, Mauricio Jaramillo Jassir. The deal aims to strengthen bilateral relations through consistent political dialogue and deeper cooperation in trade and investment.

Jaramillo Jassir explained that the MOU will promote “very frequent political dialogue” with Nigeria. He added that it also provides for visa approvals for Colombian diplomats, making their visits to Nigeria more convenient and boosting diplomatic ties.

At the business forum, Vice President of Nigeria, Senator Kashim Shettima, emphasized the importance of transforming the shared potential of both countries into real economic progress. He urged the private sectors in Nigeria and Colombia to drive growth through new opportunities, deeper partnerships, and solutions to common challenges.

“We cannot achieve that unless we compare our differences and similarities, as well as our resources and potential. This is a practical way to propel trade and investment, improve agriculture, foster culture, and exchange ideas that will mutually benefit our countries,” Shettima said.

The forum focused on areas such as foreign investment, agriculture, cultural exchange, and trade expansion, highlighting opportunities for long-term development between Nigeria and Colombia.

NDE shortlisted candidates receive email for RHEI Phase 2

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September 1, 2025 – The National Directorate of Employment (NDE) has started sending out shortlist emails to successful applicants of the Renewed Hope Employment Initiative Phase 2.

Applicants across the country began receiving notifications today September 1, 2025, marking the start of the second phase of the programme.

Recall that the Director General of the NDE, His Excellency Silas Ali Agara, had earlier announced that 41,307 beneficiaries would be shortlisted for this phase of the initiative. He noted that the process of shortlisting was scheduled to begin in the first week of September, and the agency has now commenced the exercise as promised.

All NDE applicants are hereby advised to check their email inbox for confirmation.

The email message sent to shortlisted candidates reads:

“Dear Candidate,

You have been selected to participate in the RENEWED HOPE EMPLOYMENT INITIATIVE (RHEI) PHASE 2 of the NDE. The NDE office in your state of residence will contact you shortly with further details. Congratulations!

Thank you.

NDE Job Centre Team

Regards”

The NDE boss also revealed that notifications would be sent on the 1st and 2nd of September to give applicants enough time to prepare. He added that each ward across the country will have a minimum of four beneficiaries.

These participants will engage in entrepreneurship training designed to cover about 30 skill sets identified through a nationwide need assessment, creating opportunities for employment and business growth.

Attached below is the email screenshot for shortlisted NDE candidate:

FG offers up to 16.541% on September 2025 FGN Savings Bonds

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The Federal Government, through the Debt Management Office, has announced new rates for the September 2025 Federal Government of Nigeria Savings Bonds, with yields reaching as high as 16.541 per cent.

In a circular published on Monday, the DMO stated that the subscription window is now open and will close on Friday, September 5, 2025. Settlement has been scheduled for Tuesday, September 10, 2025. Coupon payments, according to the notice, will be made quarterly on March 10, June 10, September 10, and December 10, and will be credited directly to investors.

The bonds are available in two categories. The first is a two-year bond that matures on September 10, 2027, with an annual interest rate of 15.541 per cent. The second is a three-year bond that will mature on September 10, 2028, and offers investors a higher annual interest rate of 16.541 per cent.

The circular noted that both rates reflect an upward adjustment compared to the previous month. The two-year bond interest rate increased to 15.541 per cent in September from 14.401 per cent in August. Similarly, the three-year bond rose to 16.541 per cent in September, compared to 15.401 per cent in August.

The FGN Savings Bond programme, introduced in 2017, is designed to expand the domestic bond market, encourage financial inclusion, and provide retail investors with safe and low-risk government securities. Each unit of the bond is priced at ₦1,000, with a minimum subscription of ₦5,000 and additional investments accepted in multiples of ₦1,000. Individual investors are allowed to subscribe up to ₦50 million.

According to the DMO, the FGN Savings Bond “qualifies as securities in which trustees can invest under the Trustee Investment Act; qualifies as Government securities within the meaning of Company Income Tax Act and Personal Income Tax Act for tax exemption for pension funds, amongst other investors.”

The circular also highlighted that the bonds are “listed on The Nigerian Exchange Limited and qualify as a liquid asset for liquidity ratio calculation for banks.”

The office assured investors that the bond is “backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria.”

Dangote Cement extends scholarship to 51 Kogi communities

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Dangote Cement has expanded its scholarship scheme to cover 51 communities in the Oworo District of Kogi State, offering more young people access to educational opportunities.

At the award ceremony held in Obajana on Monday, the Plant Director, Azad Nawabuddin, explained that although the Oworo communities are not part of the company’s direct catchment areas, they were deliberately included as beneficiaries of the programme. He said the gesture reflects the company’s commitment to inclusive development.

Nawabuddin noted that the company already operates a scholarship scheme for its host communities under the Community Development Agreement. He added that beyond the scholarships, Dangote Cement had provided boreholes to five Oworo communities as part of its investment in the welfare of the people.

“We want to assure you that our Corporate Social Responsibility initiatives will continue, and we remain committed to supporting our communities,” he stated.

The General Manager of Social Performance, Mr Ademola Adeyemi, revealed that of the initial 50 students who benefited from the scholarship scheme, 26 were female while 24 were male. He explained that the scholarships are designed to support each student until the completion of their academic programmes, provided they maintain strong academic performance.

“As a policy, we will continue with each beneficiary until they complete their academic programmes. We will only replace them with fresh beneficiaries when current ones graduate,” Adeyemi said.

He further disclosed that the initial 51 students for the 2025/26 session were chosen in collaboration with the Oworo Development Association and other stakeholders. “Permit me to note that today’s event is not just about financial support, it is about investing in the future of our community. These scholarships symbolise hope, opportunity, and the belief that every child, regardless of background, deserves a chance to pursue their dreams through education,” he added.

The President of the Oworo Development Association, Alhaji Jibril Ibrahim, described the scholarships as a dream come true for the people. He urged the beneficiaries to take the opportunity seriously.

“To our young beneficiaries, I urge you to see this scholarship as a challenge to excel. Work hard, remain disciplined, and make your community proud. The opportunity before you today is a seed, nurture it well so that one day you will give back to others,” he said.

Representing the Kogi State Commissioner for Education at the event, the Acting Permanent Secretary in the Ministry of Education, Omolayo Bilkisu, commended Dangote Cement for its intervention. She stressed that the government supports Public Private Partnerships to advance development in the state and said the company’s investment in education and empowerment would leave a lasting impact.

The Olu of Apata, Oba Frederick Balogun, also praised the initiative. “Education remains the strongest foundation for development, and by supporting our sons and daughters in their academic pursuits, Dangote Cement has once again demonstrated its commitment to the growth and wellbeing of its host communities. This gesture will ease the burden on parents, encourage hard work among students, and inspire hope in many households,” he said.

Similarly, Oba Ahmodu Adoga, the Obaro of Ogbagon Community, noted that education creates opportunities for the youth and expressed gratitude to the company. “Once again, we thank Alhaji Aliko Dangote, the management, and staff of Dangote Cement Plc for their continued support. May this bond of cooperation between the company and Obajana grow stronger for the benefit of all,” he said.

A Councillor representing one of the Oworo wards, Honourable Victoria Temitope, also expressed appreciation to the Dangote Group. She encouraged the students to take their studies seriously.

“To our sons and daughters who have received this opportunity, I encourage you to study hard. Make the best use of it. Tomorrow, you will be the doctors, engineers, teachers, and leaders that will bring pride and progress back to the Oworo communities,” she said.

Exhibitors accuse FG of withholding N250,000 grants after MSME clinic

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The 8th National MSME Clinic, hosted at the Calabar International Convention Centre (CICC) on August 12, 2025, has stirred controversy after several exhibitors alleged that the ₦250,000 grant announced during the event never reached most participants.

Vice President Kashim Shettima, who attended the programme under the Renewed Hope Agenda, had declared that businesses would benefit from financial support aimed at strengthening small and medium enterprises. While the announcement raised expectations, weeks later many exhibitors expressed disappointment, claiming the process was unclear and left them excluded.

A shoemaker, Larence Akumaye of Akumaye’s Global Conglomerate, said organisers encouraged participants to spend money on branding and preparation with the understanding that grants would follow.

“I spent money on labels, stickers, and packaging. We were told to make our booths look good. However, on the day of the event, the Vice President only walked past one side of the hall, where the red carpet was laid. He didn’t see most of us.

“Now they are saying only ‘unique businesses’ were paid. But we were never told there would be a selection process,” he explained.

For Kuku Oden, who owns Jodenke Natural Products, the cost of participation was overwhelming. She revealed she spent over ₦150,000 on transportation, production, and packaging but has yet to receive any alert.

“Some people said they got alerts after the event, but most of us didn’t. We were later informed that staff from the Vice President’s office had taken over the payment process. We were left confused,” she said.

Oden also criticised the set-up of the clinic, saying many exhibitors were hidden in separate halls, limiting visibility.

“It felt more like a showcase than a proper exhibition. Most of us made no sales and received nothing afterwards. They even locked the WhatsApp group where we shared updates, now only the admin can post,” she added.

Another exhibitor, Rosemary Kekong of Rosie Kess Integrated Farmer, said she transported fresh farm produce to the venue, confident the ₦250,000 grant would help her business expand.

“They treated us like we didn’t matter. We brought our products from different parts of the state, spent money, and yet we were not paid. Later, we saw that people who were not even on our exhibitor list were credited,” she said.

She called for a full review to ensure transparency and fairness in future programmes.

Responding to the concerns, the Director-General of the Cross River State Microfinance and Enterprise Development Agency (MEDA), Mr. Great Ogban, clarified that only 30 businesses received the grant.

“The Vice President said unique businesses would be selected for the ₦250,000 grant. His team went around and picked those businesses. MEDA only verified the list before payment. We didn’t handle the selection or the money,” he explained.

He added that all participants were provided with free booths and that the agency fulfilled its duty in hosting the event.

Despite this, exhibitors insist the promises made at the MSME Clinic created expectations that were not met. They argue that small business owners had invested their limited resources into preparing for the showcase, only to be left without financial assistance and with little clarity on how the grant distribution was decided.

Apply: Smart Gate Innovation Hub Talent Up Africa Program (Cohort 3)

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Smart Gate Innovation Hub (SGIH), in partnership with IT Experience Inc, has announced the launch of free online courses, certifications, mentorship, networking, and internship opportunities aimed at empowering young people and women across Africa.

The initiative, tagged the Talent Up Africa Program, is designed to train a minimum of 5 million Africans with in-demand digital skills. According to the organizers, the program has already onboarded over 2,000 applicants in the first cohort and an additional 2,300 participants in the second cohort. “We are currently now extending the training opportunity to cover more cohorts,” the team stated.

Participants will work on real-world projects to strengthen their knowledge in artificial intelligence, digital marketing, business intelligence, Flutter development, cybersecurity, data analytics, and Laravel development. The organizers said the program goes beyond training by offering job placement opportunities in collaboration with Smart Gate Technologies and Consulting.

“Engaging the Talent Up Africa Program not only offers job placements benefits but also provides a platform to develop in-demand skills, gain hands-on experience, and expand professional networks, thereby enhancing employability in the competitive tech landscape,” they noted.

Eligibility Requirement for Certification:
1. Must enroll and ensure completion of all modules under one learning path on The SkillsBuild Platform.
2. Willing to get Employed and Evolve in Tech
3. Available to All Africans

The program underscores the importance of human capital development. “Africa’s most advantageous assets is not in our mineral resources, but in its rich human capital development, creativity and talent of her people,” SGIH emphasized.

With the rise of artificial intelligence and the challenges of unemployment, the initiative seeks to transform the potential of low-earning youth and women into productive capacity in the technology sector.

Deadline for application is 30th September 2025.

How to apply:

Interested applicants are required to complete the registration form through the provided link Here.

FG to train 7 million youths in digital skills, create 2.5m jobs

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The Minister of Youth Development, Ayodele Olawande, has announced that the federal government will empower seven million young Nigerians with digital and professional skills to create millions of job opportunities within the next two years.

Olawande made this known at the Strategic Youth Leadership Conference 2025, organised by the Ministry of Youth Development in collaboration with the National Defence College.

He described the conference as a platform to groom proactive leaders for national development, stressing that the administration is determined to position Nigerian youths in the global digital economy under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

The minister unveiled the Nigerian Youth Academy and the National Learning Platform, which will train seven million young people in digital and vocational skills by 2027.

He explained that the plan includes a three-million technical talent programme focusing on artificial intelligence, cybersecurity, and software engineering, with a target of achieving 70 percent national digital literacy by 2027.

Olawande added that the government’s labour and employment programme will provide 2.5 million jobs through enterprise training and employment matching.

He also emphasised the importance of creating opportunities for mentorship, quality education, economic empowerment, and inclusive governance.

“Our goal is to ensure that every young Nigerian has access to the tools and knowledge needed to thrive in today’s economy,” Olawande said.

He stressed that Nigeria’s greatest asset lies in the creativity, energy, and courage of its youth, noting that the government is fully committed to building a workforce ready for the future.