FG meets with TUC, affiliate unions over King’s College concession

The Minister of Education, Dr. Tunji Alausa, on Monday held an emergency meeting with the leadership of the Trade Union Congress (TUC), Association of Senior Civil Servants of Nigeria (ASCSN) and other affiliated unions over the controversy surrounding the planned concession of King’s College, Lagos.

The meeting, which was also attended by the Minister of State for Education, Prof. Suwaiba Said Ahmad, and Acting Permanent Secretary in the Federal Ministry of Education, Dr. Folake Olatunji David, followed the disruption of academic activities in federal unity colleges by workers’ unions.

The unions had raised concerns over the Federal Government’s plan to concession King’s College to the King’s College Old Boys’ Association (KCOBA) under a public-private partnership arrangement.

Addressing the unions during the meeting, Alausa said the Federal Government remained committed to dialogue and the protection of workers’ interests, while stressing that stakeholders must also consider the national interest and the future of Nigerian children.

He said the reform was part of the education transformation agenda of President Bola Ahmed Tinubu’s administration, aimed at ensuring that Nigerian children have access to quality education.

The minister commended the unions for their commitment to workers’ rights and willingness to engage with government in resolving the dispute.

He also commended the Acting Permanent Secretary for returning from a scheduled official trip to London to address the concerns raised by the unions.

Alausa assured that the reform would be implemented responsibly, with due consideration for learners, teachers, non-academic staff and the effective management of public resources.

The Acting Permanent Secretary, David, assured the unions of the government’s commitment to ensuring a smooth transition and protecting the interests of affected workers.

She clarified that the workers would remain civil servants and would have the option of either remaining at King’s College under the new administrative arrangement or transferring to other schools within Lagos State, according to their choice.

David also disclosed that a committee would be constituted to facilitate the transition, ensure that all stakeholders were carried along and preserve the heritage and objectives of the 117-year-old institution.

Speaking on behalf of the unions, TUC General Secretary, Comrade Nuhu Toro, said the workers were seeking clarification on the proposed changes, particularly the use of the term ‘concessioning’.

Toro said the controversy had generated serious concerns among workers and resulted in the directive for staff of federal unity colleges and King’s College to down tools.

He, however, acknowledged that interventions at the highest level had brought the unions and government to the negotiating table.

The TUC secretary-general said the unions remained committed to resolving the matter through dialogue, particularly in the interest of children from poor and less-privileged backgrounds.

He said the unions and the Ministry of Education were ‘on the same page’ regarding the need to protect the future of Nigerian children and resolve the matter quickly.

The controversy followed protests by parents and other stakeholders at King’s College, Lagos, against the proposed concession of the institution to KCOBA.

The parents had described the plan as unacceptable and threatened legal action as well as resistance to the resumption of the new academic session.

ASCSN had also, in a communiqué issued after its meeting on September 10, directed workers in federal unity colleges not to resume academic activities until further notice over the proposed concession.

The union described the arrangement as an ‘assault and affront’ on the unity of Nigeria and expressed concern over the possible impact on thousands of workers in the affected schools.

However, Alausa had earlier dismissed reports that King’s College was being sold, insisting that the institution remained publicly owned.

He explained that under the concession arrangement, KCOBA would be responsible for financing, rehabilitating, modernising, operating and maintaining the institution.

The old boys’ association had earlier announced a N100 billion endowment fund as part of efforts to reposition the college.

The minister reiterated the Federal Government’s commitment to continued engagement with the unions and other stakeholders to address legitimate concerns within the framework of the law and the ongoing education reforms.

DSS secures 10-year jail term without fine option for nine crude oil thieves arrested with Navy

The Federal High Court sitting in Uyo, Akwa Ibom State, has convicted and sentenced nine of 19 persons arrested by the Department of State Services (DSS) for crude oil theft.

Delivering judgment on Monday, the presiding judge, Justice Joy Ikpeme, found the nine convicts guilty on a two-count charge of conspiracy and tampering with an oil pipeline, contrary to Section 1(7) of the Miscellaneous Offences Act.

Justice Ikpeme sentenced each of the convicts to five years’ imprisonment on count one and 10 years on count two, without an option of fine.

The sentences are to run concurrently.

The convicts, alongside 10 other suspects, were arrested earlier in the year following an intelligence-led operation by the Nigerian Navy and the DSS.

They were caught stealing crude oil from an oil wellhead identified as ASABO-D in Ibeno Local Government Area of the state.

”The conviction marks another milestone in the Navy’s sustained campaign against crude oil theft and illegal bunkering activities along Nigeria’s maritime and riverine areas, which have continued to drain the nation’s oil revenue and damage the environment in host communities,’ a security source declared.

Initiative holds Evolution Workshop 2026 in Lagos

Her STEAM Impact Initiative, in partnership with Tecpal, has held the Lagos edition of The Evolution Workshop 2026, bringing together women from different backgrounds for discussions on personal and professional development.

The workshop took place on Tuesday, September 1, 2026, in Lagos, with young women, entrepreneurs, professionals, creatives, industry leaders, and other participants attending.

The programme focused on leadership, entrepreneurship, financial literacy, personal development, mental, emotional, and physical well-being, beauty entrepreneurship, personal branding, innovation, technology, and future readiness.

Participants engaged in panel discussions, fireside conversations and practical learning sessions aimed at providing insights and tools for navigating personal and professional development.

The workshop also gave participants opportunities to share experiences, network, and discuss issues related to their careers, businesses, and personal growth.

Speaking on the Lagos edition, Juliet Ibrahim, founder of Her STEAM Initiative, described The Evolution Workshop as more than an event.

‘The Evolution Workshop is more than an event; it is a growing movement designed to equip women with the knowledge, confidence, community and opportunities they need to evolve and thrive,’ Ibrahim said.

‘The Lagos edition demonstrated what becomes possible when women are given a safe and intentional space to learn, connect, share their experiences and prepare for the future.’

The event featured speakers, facilitators and moderators drawn from different sectors.

They included keynote speaker Gboyega Akosile, Juliet Ibrahim, Sam Nduka, CEO of TecPal, Sharon Ifeoma Asika-Anene, Sonia Ibrahim, Adekunle Olopade, Aishat Abdulkabir, Victoria Nkong of Bridge Afric, Dr Omobolaji Mogaji, Dabota Lawson, Abbyke Domina, Amb. Dr Ekwutoziam Ashiedu Ogwus Chinedu, Ramat Babah, Aisha Amirah Adedeji, Oyinkansola ‘Foza’ Fawehinmi, Obinna Okerekeocha, Omolayo Olufayo and Anaturuchi Iroapali, popularly known as Mr Green.

Chioma Geraldine Ikechukwu served as moderator, while Nancy Enyioma Iheoma was the master of ceremonies.

Her STEAM Impact Initiative also acknowledged the organisations and media partners that supported the Lagos edition.

They included Tecpal, Nord Motors, East Coast Water, Lagos Food Bank, Tonnie Photography, WIFT Ghana, Ovation Media Group, Lapel Honey, Cypress Multimedia, A Slice of Naija, FWIFT Nigeria, Yaw Naija, HipTV, Wallex, Nexus TV/FM, One Twelve Fruities, Pixie Events, Juliet Ibrahim Studios and Jalent Africa.

Following the Lagos edition, the initiative said it plans to expand The Evolution Workshop to other parts of Africa, with a focus on providing women with access to practical knowledge, mentorship, professional networks and communities.

NSCDC arrests 58-year-old, nine others for alleged drug sales, theft in Zamfara

The Nigeria Security and Civil Defence Corps (NSCDC) Zamfara State command has arrested a 58-year-old suspect who spend 20 years dealing with illegal cannabis in the state.

The command also arrested 9 others for vandalisation and theft of government infrastructure in the state.

Parading the suspects on Monday at the NSCDC headquarters in Gusau, Commandant sani Mustafa through the command public relations officer ASCI Umar Mohammed said both the suspects were apprehended In accordance with statutory mandate of the Corps.

‘The Nigeria Security and Civil Defence Corps (NSCDC), under the inspired and visionary leadership of the Commandant General Prof. Ahmed Abubakar Audi mni OFR, the Corps is committed to ensure prompt access to civil centred justice.

‘In accordance with statutory mandate of the Corps, the Zamfara state command, under the supervision and adept headship of commandant Sani Mustapha, the command is steadfast and committed to reducing elements of criminality.

According to him, the proactive structures are established to efficiently manage these activities of vandalism, unlawful sales of substances, off-balance activities and economic outputs of the state.

He said Alh. Haruna Amadu, 55 years old, of Tsageru village, Tsafe was apprehended on the 8th September, 2026 at about 1500hours (03:00pm) who revealed eight (8) other accomplices in the suspected act of vandalism, mischief and theft of government infrastructure.

The nine (9) listed suspects confessed to being perpetrators; they conspired to remove the roofing and attempted to bribe the village heads.

Also,the suspect, Mr. Emmanuel Okonkwo ‘M’ 58years was apprehended in Birnin Magaji LGA through the Corps’ Divisional Office on the 10th September, 2026 at about 2330hours (11:30pm).

‘Through his confession to the department of Intelligence the suspect Mr. Emmanuel Okonkwo stated there are two of his accomplices, Yellow and Sadiq (at large).

‘He further stated that he do his business in Birnin Magaji for over 20years in a chemist, and confessed to conspiring with Yellow and Sadiq to sell hard substances, such as Cannabis (Weed, Marijuana), Exol 5, Tramadol and Diazepam D10 tabs in the state.

Tinubu seeks stronger BRICS cooperation in AI, fintech, others

President Bola Ahmed Tinubu yesterday warned that developing countries risk surrendering control of their future unless they move from merely consuming technology to producing it, creating knowledge and owning intellectual property.

Tinubu, who declared that ‘a nation that owns no technology risks renting its future’, challenged BRICS countries to deepen cooperation with developing economies in artificial intelligence, digital public infrastructure, fintech, telecommunications, cybersecurity, biotechnology and advanced manufacturing.

The President spoke at the 18th BRICS Leaders’ Summit in New Delhi, India, in an address delivered on his behalf by Vice President Kashim Shettima.

BRICS is an intergovernmental organisation comprising 11 major emerging market and developing countries: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa, and the United Arab Emirates

According to a statement by his Senior Special Assistant on Media and Communications, Office of the Vice President, Stanley Nkwocha, Tinubu said Nigeria was determined to leverage its youthful population and growing innovation ecosystem to become a producer rather than merely a consumer of emerging technologies.

‘We welcome deeper BRICS cooperation in artificial intelligence, digital public infrastructure, fintech, telecommunications, cybersecurity, biotechnology and advanced manufacturing, because developing countries must produce technology, create knowledge and own intellectual property. A nation that owns no technology risks renting its future,’ Tinubu said.

The President identified Nigeria’s young and dynamic population as one of its greatest assets, saying its creativity and enterprise were already driving the country’s innovation agenda.

He said his administration was investing in digital skills, entrepreneurship, research, artificial intelligence and technology-enabled businesses through initiatives such as 3MTT, Project BRIDGE and national AI programmes.

‘As Project BRIDGE expands broadband, fibre and digital public services, we seek an open, secure, and inclusive digital ecosystem that advances innovation, digital trade, responsible artificial intelligence, and cybersecurity,’ he said.

Tinubu said Nigeria viewed its relationship with BRICS as a practical platform for securing investment, technology transfer and human-capital development rather than merely another forum for diplomatic dialogue.

‘Nigeria sees cooperation with BRICS as a practical opportunity for trade, investment, technology transfer, and human-capital development. We support partnerships in infrastructure, connectivity, energy, agriculture, healthcare, education, and industrialisation, backed by development finance’, he said.

Beyond technology, the President called for an urgent overhaul of global governance structures and international financial institutions, arguing that the international system must better reflect contemporary economic and demographic realities.

He said the transformation championed by BRICS should extend to the international system, particularly the United Nations Security Council and global financial architecture.

‘Nigeria supports a more representative, equitable and responsive global governance architecture, including reform of the United Nations Security Council and the international financial system.

‘BRICS amplifies the voice of the Global South and advances a more inclusive international order, consistent with Nigeria’s call for institutions that reflect contemporary economic and demographic realities,’ he said.

Tinubu consequently made a case for ‘a BRICS partnership that moves from dialogue to delivery, from commitments to implementation, and from cooperation to measurable development outcomes’.

The President also invited foreign investors to take advantage of opportunities in Nigeria, urging them to see the country as a gateway to Africa’s expanding market under the African Continental Free Trade Area (AfCFTA).

He defined economic resilience for Nigeria as building an economy capable of withstanding global shocks while creating sustainable opportunities for citizens.

Tinubu said the objective was embedded in his administration’s Renewed Hope Agenda through reforms aimed at strengthening macroeconomic stability, diversifying production, raising productivity, expanding infrastructure and human capital, attracting investment, promoting private-sector-led growth and deepening climate resilience.

‘We welcome BRICS cooperation in trade, agriculture, food security, energy, infrastructure, manufacturing, healthcare and critical minerals, especially partnerships that advance technology transfer, local value addition, industrial capacity and employment’, he said.

On climate change, Tinubu said Nigeria’s sustainability model sought to balance climate action with the development aspirations of emerging economies.

He reaffirmed Nigeria’s support for affordable climate finance, technology transfer and capacity-building for Africa, while seeking greater cooperation in renewable energy, gas, clean technologies, climate-smart agriculture, sustainable infrastructure and responsible critical-mineral development.

The President said climate responsibility should contribute to broader economic growth rather than become an obstacle to the development ambitions of emerging economies.

Tinubu expressed Nigeria’s readiness to contribute to a BRICS partnership resilient enough to withstand global shocks, innovative enough to embrace the future and cooperative enough to advance shared prosperity while protecting future generations.

‘Our partnerships must create jobs, expand trade, transfer technology, and strengthen our nations’ productive capacity. We must build a future in which Africa moves from the margins of global development to the frontiers of global growth and innovation,’ he said.

Indian Prime Minister Narendra Modi said confidence in BRICS among countries of the Global South had grown because their voices were being heard, their experiences respected and solutions developed with them rather than for them.

Modi said the strength of BRICS lay in its diversity and cooperation, noting that the bloc was expanding participation beyond governments to entrepreneurs, farmers, researchers, women and young people.

‘We may be rooted in different realities, but together, we rise through cooperation and blossom for humanity,’ he said.

The Indian Prime Minister said initiatives such as BRICS CONNECT, the BRICS MSME Cooperation Portal and the BRICS Urban Mobility Hub were designed to promote skills, employment, enterprise development and knowledge-sharing among member and partner countries.

Modi also stressed the need to balance development with environmental responsibility, saying sustainability must remain central to BRICS cooperation and the interests of future generations.

Where does your Data go? How to track what your phone is using

For millions of Nigerians, checking a data balance has become a routine part of using a mobile phone. The more important figure, however, is often not how much data remains, but how much has already been consumed and what consumed it.

Nigeria had more than 157 million active internet subscriptions as of May 2026, with mobile GSM accounting for more than 157 million of them, according to the Nigerian Communications Commission (NCC).

As data consumption continues to rise, understanding a phone’s data-usage report can help subscribers identify the applications and services responsible for rapid depletion.

Start with the Usage Period

The first figure to check is the period covered by the phone’s data report.

On most Android devices, data usage can be found under Settings, usually through Network and Internet, Connections or Data Usage, depending on the manufacturer.

On an iPhone, it is generally found under Settings and Mobile Data or Cellular.

The usage period should correspond as closely as possible with the period covered by the subscriber’s current data bundle.

A mismatch can make the figures appear inconsistent. A phone may be counting from the beginning of the month while the subscriber purchased a data bundle several days later.

For a meaningful comparison, the data-usage counter should be aligned with the date on which the bundle became active.

Identify the Biggest Consumers

The application list provides the clearest indication of where data is going.

Video platforms such as YouTube, TikTok, Instagram and Netflix can appear prominently because video files are relatively large and consumption increases with picture quality.

A subscriber who spends several hours streaming video should therefore expect those applications to account for a significant proportion of total usage.

The important question is whether the volume recorded against an application corresponds with how often it has been used.

A large data figure beside YouTube is not, by itself, evidence of abnormal consumption. A large figure beside an application that has barely been used may warrant closer examination.

Check Background Data

Some applications consume data even when they are not open on the screen.

Background activity may include synchronising email, refreshing social-media feeds, checking for new content, downloading files, updating location information and communicating with cloud services.

The distinction between foreground and background usage is therefore important.

An application that has consumed 500MB while being actively used for several hours is different from an application that has consumed the same amount largely through background activity.

Android and iOS allow users to restrict mobile-data access for individual applications. Non-essential applications can be prevented from using mobile data in the background without necessarily removing the applications from the phone.

Examine Cloud Backups

Cloud services can be another significant source of consumption.

Google Photos, iCloud and similar services can automatically upload photographs and videos. A single video recorded on a smartphone can be considerably larger than an ordinary photograph, particularly when recorded at high resolution.

Subscribers who allow cloud services to use mobile data may therefore see substantial consumption without actively opening the backup application.

Where Wi-Fi is regularly available, restricting large backups to Wi-Fi can reduce mobile-data consumption.

Check WhatsApp

WhatsApp can account for considerable data usage on phones with many active conversations and groups.

Images, videos, documents, GIFs and other media can be downloaded automatically, depending on the application’s settings.

The WhatsApp Storage and Data section allows users to examine network usage and determine how media is downloaded.

Restricting automatic downloads when using mobile data means that messages can continue to arrive while large media files are not automatically downloaded over the subscriber’s data bundle.

Look Closely at Video Quality

Streaming quality has a direct effect on data consumption.

High-definition and higher-resolution video generally require more data than lower-resolution video.

Some applications are also configured to adjust quality according to network conditions. A faster connection can therefore make high-quality streaming more readily available.

This creates a common misconception: better network performance does not necessarily mean that a data bundle will last longer.

Subscribers who are trying to reduce consumption should check the mobile-data settings of their major streaming and social-media applications and select lower-quality or data-saving options where appropriate.

Check Automatic Updates

Application updates can also consume mobile data without the subscriber deliberately opening an application.

A phone with dozens of installed applications can have several updates pending at the same time.

Application-store settings generally allow users to determine whether updates can take place over mobile data or only when connected to Wi-Fi.

Restricting automatic updates to Wi-Fi can prevent unexpected consumption, particularly when large software updates are released.

Do Not Ignore System Services

Some phones display a category such as System, System Services or Operating System in their data-usage reports.

This does not automatically mean that data has been consumed improperly.

The category can include legitimate system activity, software services and other functions required to keep the device operating.

However, an unusually high figure deserves attention. Software updates, cloud synchronisation, hotspot activity and other device-level services should be checked before drawing conclusions about unexplained consumption.

Check the Hotspot

Mobile hotspots can make a phone’s data disappear quickly because other devices may be using the connection.

A connected laptop, tablet, television or another smartphone can consume data through software updates, video streaming, cloud synchronisation or large downloads.

Subscribers who regularly use hotspot services should check which devices are connected and what those devices are doing online.

Compare the Phone With the Network

A phone’s data-usage report and an operator’s usage record are not necessarily identical measurements.

The phone records the mobile data used by the device. The network operator records usage on its network.

Differences can occur because the two systems may use different measurement periods or categories.

The most useful comparison is therefore one covering the same period.

Subscribers can note the date and size of a newly purchased bundle, monitor the phone’s data report during the validity period and then compare the result with the information provided by the network operator.

Use the Operators’ Data Tools

The major network operators have also introduced customer tools aimed at improving visibility into data consumption.

Airtel provides data-management and account information through its self-care services, allowing subscribers to monitor their data position and manage their accounts.

Globacom’s Glo Café provides subscribers with account and data-management functions, while the company also provides guidance on managing data consumption.

MTN has gone further with its Data Usage Portal, which provides visibility into data consumption across applications and services. The company said the portal was independently validated by KPMG, with the assessment examining whether information displayed to customers corresponded with records generated by MTN’s charging systems.

These tools do not replace the phone’s own data-usage report. The two provide different perspectives: the operator shows what has been recorded on the network, while the phone can show which applications and services are responsible for consumption on the device.

What to Check When Data Runs Out Quickly

When a data bundle appears to be depleting faster than expected, the first checks should be straightforward.

Check the usage period.

Look at the applications with the highest consumption.

Separate foreground use from background activity.

Check video-streaming quality.

Review WhatsApp’s media-download settings.

Check cloud backup and automatic application updates.

Review hotspot connections.

Then compare the phone’s record with the operator’s usage information.

Data Bundle: How to track and confirm what is happening on your phone

Mwinyi appoints ACT Wazalendo members to House of Representatives

The President of Zanzibar and Chairman of the Revolutionary Council, Dr Hussein Ali Mwinyi, has appointed various leaders to serve in the House of Representatives.

In a statement issued on Monday, September 14, 2026, by Chief Secretary Mansura Mosi Kassim, President Mwinyi appointed Hassan Ali Hassan as Secretary of the House of Representatives.

Before the new appointment, Mr Hassan served as Director of the Department of Legislative Drafting in the Attorney General’s Office. Ramadhan Khamis Juma had been serving as Acting Secretary of the House of Representatives after President Mwinyi appointed the previous office holder, Raya Issa Msellem, as a Judge of the High Court of Zanzibar.

Alongside the appointment of the Secretary, President Mwinyi also appointed two members of the opposition ACT Wazalendo, Nassor Ahmed Mazrui and Omar Said Shaaban, as new members of the House of Representatives.

The statement noted that the appointments took effect today, Monday, September 14, 2026, and that all the appointed leaders are required to report to the House of Representatives on Wednesday, September 16, 2026, during the ongoing session.

Mr Mazrui and Mr Omar both served as ministers during President Mwinyi’s first-term administration.

Mr Omar, who is currently ACT Wazalendo’s Attorney General has also been appointed to the Joint Committee, served during that period as Minister of Trade and Industrial Development.

Mr Mazrui, who has also held various positions within ACT Wazalendo, including Deputy Secretary General for Zanzibar, served as Minister of Health during that period.

The ministries currently being run in an acting capacity while awaiting substantive ministers are Health, Trade and Industries, Tourism and Antiquities, and the First Vice President’s Office.

The appointments signal that the four ministerial positions awaiting ACT Wazalendo nominees may soon be filled.

The move comes shortly after President Mwinyi launched the Joint Committee at State House, Zanzibar.

The committee will oversee implementation of the Joint Declaration as the parties work towards forming a Government of National Unity (GNU).

The formation of the GNU in Zanzibar is provided by the 10th Amendment to the 1984 Zanzibar Constitution, passed in 2010 following a public referendum.

The Constitution provides for a GNU in which the President shall appoint a First Vice President from the political party that came second in the presidential election, provided that the party secured at least 10 percent of all presidential votes.

Under the GNU system, Section 66(4) of the Constitution directs that the President shall appoint two members after consulting the First Vice President, who comes from the opposition party.

The First Vice President position has remained vacant due to the political stalemate that followed the General Election.

This led to the Joint Declaration and the formation of a committee to address the identified challenges, after which the President received the names submitted by the respective party and confirmed the appointments.

The appointments aim to strengthen cooperation among parties in government and ensure the opposition party’s voice is represented in the House of Representatives and the Government as a whole.

Ogun rules out monthly sanitation exercise

The Ogun State Government has ruled out the reintroduction of the monthly environmental sanitation exercise, opting instead to strengthen daily waste collection and disposal through increased investment in equipment for the Ogun State Waste Management Authority (OGWAMA).

Governor Dapo Abiodun stated this in Abeokuta while commissioning waste management equipment, operational vehicles and an office block to mark the first six months in office of the Special Adviser and Managing Director of OGWAMA, Hon. Farouk Adeniyi Akintunde.

Represented by the Commissioner for Environment, Dr. Ola Oresanya, the governor said Ogun had moved beyond the era of shutting down economic activities for several hours each month in the name of environmental sanitation.

He said residents had increasingly embraced daily sanitation, making a return to the monthly exercise unnecessary.

‘Already our people are used to daily sanitation, so instead of re-introducing monthly Environmental Exercise, we have decided to buy more Compactors and other waste management equipments for the state Waste Management Authority OGWAMA to daily collect and dispose properly waste generated by households, commercial outlets and industrial facilities in conjunction with accredited PSP across the state.’

Abiodun said the state government would soon take delivery of additional compactors and other waste management equipment to further strengthen OGWAMA’s operations.

‘Infact the state government will soon take delivery of these Compactors and other waste equipment to further strengthen OGWAMA thereby affirming the state government’s determination of not going back to the old ways when Environmental Sanitation Exercise are done once in a month with its problems of ineffective collection and disposal even hours after the end of the exercise.’

Finance minister Oyedele seeks new framework to lower manufacturers’ borrowing cost

Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has called for a coordinated financing framework that would enable manufacturers to get cheaper loans.

Oyedele said during the Ministerial Roundtable 2 of the Industrial Revolution Work Group (IRWG), the Federal Ministry of Industry, Trade and Investment (FMITI) in Lagos at the weekend that the high cost of loans to manufacturers is unsustainable.

The minister, represented at the event by his Special Adviser on Finance and Investment, Marie Opere, stated that commercial banks’ credit to the manufacturing sector contracted by about N1.9 trillion last year, representing a decline of more than 22 per cent from N8.5 trillion to N6.61 trillion. He said manufacturers were borrowing at prime rates averaging about 27 per cent, with maximum rates reaching the mid-30 per cent range.

Oyedele described the financing scheme as unsuitable for investments requiring seven, 10 or 15 years to deliver returns.

He said the financing gap required government, regulators, development finance institutions and commercial capital providers to understand the constraints from one another’s perspective and develop a more coordinated financing framework.

The minister said the focus should extend beyond commercial bank lending to the deliberate use of public balance sheets, blended finance, institutional capital, pension funds, insurance assets and the capital market to support productive investment.

He added that fiscal, monetary and industrial policies were interconnected, warning that an incentive, guarantee scheme or development fund that manufacturers could not access effectively produced the same outcome as having no policy at all.

Oyedele said the proposed National Industrial Finance Compact should ultimately be judged by whether manufacturers could access financing and use it to expand installed capacity, create jobs and increase export earnings.

Also, Minister of State for Industry, Trade and Investment, John Enoh, pointed out that Nigeria’s financing architecture is wired against long-term funding for the manufacturing sector.

Speaking on the theme: ‘Affordable Long-Term Finance and Building: The Capital Architecture for Industrial Growth and MSME Inclusion,’ Enoh said the challenge facing manufacturers was not simply the availability of money, but the high cost, tenor and structure of financing.

He added that industrial investments often require years to mature and therefore cannot be sustained with short-term funds, arguing that the country cannot achieve industrial growth without restructuring how capital gets into factories.

Enoh said manufacturers needed what he described as the ‘right kind of money’ to expand production and compete.

According to him, the right financing must be long enough to support investment in machinery and production capacity, while being affordable enough for manufacturers to price their products competitively.

‘Our manufacturers do not lack ambition, they don’t lack orders, they don’t lack markets. What they continuously lack is money, the right kind of money,’ he said.

Enoh explained that the long gestation period of industrial investments made the current structure of financing unsuitable for manufacturing.

‘The issue is not that there is no money. It is the price of the money, the term of the money and the capital architecture into the factories,’ he said.

The minister said a business investing in a long venture that could take 10 to 15 years to mature could not reasonably be expected to repay financing within three or six months.

He pointed out that the mismatch in financing was contributing to a situation where businesses could find trading more attractive than investing in production, particularly when the cost and structure of capital made manufacturing less viable.

Enoh said the finance sector needed to help move Nigerians from trading to production, stressing that the objective of the ongoing discussions was to find ways of directing capital towards productive investment.

Nwifuru to kinsmen: stop selling ancestral lands, graves

Ebonyi State Governor Francis Nwifuru has warned the people of Izhi Nnodo clan against the indiscriminate sale of ancestral lands, family compounds and burial grounds.

He said such practices could make them strangers in their own homeland.

Nwifuru issued the warning at the weekend in Amagu, the ancestral home of Izhi Nnodo, during the grand finale of the Ojiji Izhi New Yam Festival.

He also cautioned against the erosion of indigenous values in the name of religion, modernity or political expediency.

The governor said ancestral land was not merely a commodity but represented the history, identity and collective memory of the people, urging families to preserve inherited properties for generations yet unborn.

‘I have seen situations where people sell not only family lands but even the burial grounds and ancestral compounds of their fathers, grandfathers and great-grandfathers.

‘Such actions are regrettable because they disregard the sacrifices and struggles through which our ancestors secured these lands,’ Nwifuru said in his Izhi dialect.

He appealed to elders, traditional rulers, youths and religious leaders to protect the cultural heritage of the clan, stressing that the people must distinguish between legitimate cultural traditions and practices that violate religious or moral principles.

Nwifuru said religion and culture should not be unnecessarily conflated, noting that legitimate traditions promoting unity, respect for elders, communal responsibility and peaceful coexistence should not be discarded merely because of religious convictions.

‘Many have confused religion for tradition and have failed to locate the difference between the two. There is sharp demarcation between the two and they do not conflict and clash in their operations,’ he said.

The governor identified respect for elders, dignity of labour, hard work, peace, unity and communalism as some of the core values that historically defined the Izhi people.

He also warned against allowing political disagreements to tear the clan apart ahead of the 2027 elections, saying political contests should not destroy ancestral bonds or communal relationships.

Nwifuru said those seeking elective positions under opposition platforms were free to exercise their democratic rights but urged them to pursue their ambitions peacefully and in the interest of the people.

He equally cautioned against what he described as the use of social media to provoke political crises, insisting that legitimate grievances should be addressed through appropriate channels.

‘People should not leverage social media to castigate our leaders and deny our sincere performances all in the name of politics,’ he said.

Defending his administration’s record, Nwifuru said Ebonyi had witnessed significant infrastructure development under his administration, particularly in the road sector.

‘We have completed more than 500 kilometres of roads across the 13 LGAs. We have done roads connecting other states with span bridges,’ he said.

He urged the people to support the All Progressives Congress in the 2027 elections, expressing confidence that the party would secure victory across the state.

The governor said the administration’s political objective was to consolidate its development agenda and deliver electoral victories for APC candidates from the presidency to the governorship, Senate, House of Representatives and State House of Assembly.

Chairman of the Ojiji Izhi cultural event, Edward Nkwegu, said the festival remained a platform for transmitting the values of good morals, sincerity, industry, justice, equity and fairness handed down by the ancestors.

Nkwegu lamented the increasing erosion of traditional values among youths, attributing part of the development to modernity and Western influences.