Category: Business Day

Nigeria is facing a silent but significant workplace crisis: employee disengagement. Recent data compiled from 2022 to 2024 reveals that only 17 percent of Nigerian workers are truly committed to their jobs. The remaining 83 percent are either not engaged, putting in time but lacking energy and passion, or actively disengaged, working in ways that may even undermine their organisations.

This troubling trend mirrors a global pattern. According to Gallup’s latest workplace report, global employee engagement dropped to 21 percent, while the United States, often considered a benchmark, recorded just 31 percent engagement, with 17 percent actively disengaged. These figures highlight a widespread leadership and cultural challenge that transcends borders and industries.

In Nigeria, the implications are particularly stark. In most offices, only about one in six employees genuinely cares about their work outcomes. The rest are either going through the motions or, worse, actively resisting organisational goals. This disengagement is not just a morale issue; it’s a productivity crisis. When employees are psychologically detached, mediocrity becomes the norm, innovation stalls, and performance suffers.

The cost of disengagement

The economic impact of disengagement is staggering. Gallup estimates that disengaged employees cost the global economy $8.8 trillion annually, equivalent to 9 percent of global GDP. For Nigerian businesses, this translates into missed opportunities, reduced competitiveness, and a growing talent drain as top performers seek more fulfilling work environments elsewhere.

Disengaged employees are not just unmotivated; they are often resentful, feeling that their needs are unmet and their contributions unrecognised. This can lead to toxic workplace behaviours, increased absenteeism, and higher turnover rates. In contrast, engaged employees act as psychological ‘owners’ of their work, driving performance, innovation, and customer satisfaction.

Leadership at the core of the problem

Gallup’s research points to a clear culprit: leadership. Their article, Anaemic Employee Engagement Points to Leadership Challenges, emphasises that 70 percent of the variance in team engagement is directly linked to the manager. Yet many managers are not equipped to lead in today’s dynamic, purpose-driven work environment. Traditional top-down management styles are failing to inspire, connect, or retain talent.

In Nigeria, decades of HR initiatives, team-building retreats, and management training have yielded limited results. The problem isn’t just about skills-it’s about connection. Employees want to feel seen, valued, and aligned with a greater purpose. They want leaders who coach, not command, and who listen, not lecture.

A new approach: Everyone has

Organisational development expert Kemi Buluro, a frequent speaker at global conferences hosted by the International Institute of Business Analysis (IIBA) and the International Society for Performance Improvement (ISPI), believes it’s time for a new approach. Her platform, every1has, is designed to tackle disengagement by focusing not on fixing managers but on strengthening team camaraderie.

‘Disengagement is so widespread that in most Nigerian offices, only about one in six employees truly cares about their work outcomes,’ Buluro explains. ‘We need to stop treating engagement as a management problem and start treating it as a team dynamic issue.’

Everyone has offered a fresh perspective by providing insightful data on the unique talents, values, and interpersonal dynamics within teams. It helps organisations understand who works best with whom and how to build trust and collaboration from the ground up. Rather than relying on generic training, it empowers teams to self-organise around shared strengths and mutual respect.

The platform also encourages peer recognition, a powerful yet often overlooked driver of engagement. When employees feel appreciated by their colleagues, not just their supervisors, they are more likely to stay motivated and committed.

The way forward

The disengagement epidemic is not just a Nigerian issue; it’s a global leadership challenge. But it also presents a unique opportunity. By embracing human-centred, team-first solutions, Nigerian companies can leapfrog outdated models and build workplaces where people thrive.

To move forward, organisations must:

-Invest in leadership development that prioritizes emotional intelligence, coaching, and communication.

-Create feedback-rich cultures where employees feel heard and valued.

-Recognise and reward contributions in meaningful ways.

-Foster psychological safety, allowing employees to take risks and speak up without fear.

-Leverage technology like everyone else to build stronger, more connected teams.

As Gallup notes, ‘Flattening engagement reflects a shift in how leaders must manage performance.’ For Nigeria’s future-focused organisations, the message is clear: engagement isn’t a perk-it’s a strategy. And the time to act is now.

Kemi Buluro is an Organisational Development Consultant who helps global companies, from Fortune 500s to startups, simplify processes, strengthen collaboration, and drive innovation. She designs simulation-based learning experiences, including one used by Air France-KLM to train teams in consultative selling. Kemi is also the author of Sales Start with the Customer, a narrative-style business book that teaches customer-centric thinking through reflection and storytelling.

The Oyo State Government is targeting an internally-generated revenue of ?100 billion by the end of 2025 financial year,making it sit comfortably as a leading financial hub in the country.

The present administration has increased IGR to ?65 billion in 2024, and as at July this year, it rises to ?58 billion just ?7 billion short of the 2024 total revenue gathered.

Dotun Oyelade, Commissioner for Information, who said the past administration struggled to reach the ?15 billion mark annually, stated that the ‘implication of the leap in the IGRs is that Oyo State will beat its own record by the end of this year with a target close to ?100 billion.

While confirming the report that since last year, Oyo State has been the best place to live in Nigeria based on quality of life, functional infrastructure, service delivery and security, reacted to a report by the State Performance Index (SPI), handled by a consultancy firm.

He said, ‘Obviously, the State’s Internally Generated Revenue (IGR), which has improved dramatically in the past few years, is being put to good and productive use for the benefit of the citizenry.

The Commissioner said that ‘unlike most sub-nationals and past administrations in Oyo State, IGR collection has been seamless and has not increased the burden on investors.

‘Rather, it has opened up the economy through agribusiness, infrastructure and tourism. This expansion of the economy, coupled with the ripple effect of consistent payment of ?14 5billion to over 130,000 workers monthly, has had a salutary effect on the increasing IGR of the state.

The Commissioner however revealed that the month of September ?15.4 billion was paid as salaries instead of the usual ?14.5 billion.

Another area of concentration of the Governor Seyi Makinde-led administration is healthcare, saying 264 primary healthcare centres have been upgraded and over 3,900 professionals recruited, which has significantly restored the healthcare system.

Oyelade recalled that during a courtesy call at the Governor’s Office two weeks ago,Celine Lafocriere, the UNICEF Country Representative said that UNICEF has had more engagements with Oyo State than any other state in Nigeria in the past two years.

Jensen Huang, Nvidia CEO, has warned that the United Kingdom (UK) and other major economies face a crippling shortage of skilled tradespeople like electricians and plumbers.

The deficit, according to him, could be best met by encouraging more workers from overseas.

The technology chief underscored the urgent need for a massive increase in the blue-collar workforce to keep pace with the accelerating global boom in data centre construction.

This fast-growing sector, essential for powering the artificial intelligence (AI) revolution, requires a vast physical infrastructure, and Huang insists the required skills are not on track to be filled domestically. ‘If you’re an electrician, you’re a plumber, a carpenter we’re going to need hundreds of thousands of them to build all of these factories,’ Huang stated.

He projected an explosive demand in the sector, claiming, ‘The skilled craft segment of every economy is going to see a boom. You’ve going to have to be doubling and doubling and doubling every single year.’

The call for overseas labour

Huang’s comments echo the anxieties of other leading business figures who have highlighted immigration policies and a lack of interest among young people as creating a perfect storm for construction and manufacturing.

Earlier this year, Larry Fink, BlackRock CEO, voiced his concerns to the White House, specifically pointing to the negative impact of immigrant labour deportations on the ability to build essential AI data centres in the United States (US). ‘We just don’t have enough,’ Fink lamented, noting the shortfall in skilled workers like electricians needed for the construction drive.

This view was recently backed by Jim Farley, Ford CEO, who cited a gap between political ambitions to ‘reshore’ manufacturing and the reality of the domestic workforce.

According to Farley, the US is already short by over half a million construction workers and 600,000 factory staff, demonstrating that ‘there’s nothing to backfill the ambition’ of large-scale, national projects. The demand for these workers is not speculative. Industry analysts project that global capital expenditure on data centres will soar to $7 trillion by 2030.

Each large-scale data centre can demand up to 1,500 construction staff during its initial build, with many roles offering six-figure salaries without the requirement of a university degree.

Huang’s stance signals a shift, suggesting the most lucrative opportunities now lie in the physical side of technology rather than the software. When asked what he would study if he were a young man today, the Nvidia CEO confessed he would now choose disciplines rooted in the physical sciences.

With AI threatening a swath of traditional white-collar, entry-level roles, it is obvious that the future workforce needs to be ready to get its hands dirty, and a major influx of domestic and foreign talent is required to power the next industrial revolution.

President Bola Tinubu, on Tuesday, criticised those peddling allegations of religious genocide in the country, saying no religion is under siege.

The president described the allegations as ‘unfounded and misleading, as citizens focus more on harmony and shared prosperity.*

Bayo Onanuga, presidential spokesman, in a statement, said Tinubu acknowledges that after 65 years of Independence, citizens have grown to appreciate religious and cultural differences and explore the advantages of diversity in terms of educational, economic, and other productive gains.

President Tinubu allayed fears of religious intolerance in the country at the unveiling of a book on the 10 years of the APC government in Nigeria. It was authored by the Governor of Imo State, Sen. Hope Uzodimma.

Tinubu was in Owerri to commission projects, such as the Owerri-Mbaise-Umahia road, the Assumpta Twin flyover, and the Emmanuel Iwuayanwu Convention Centre.

Nentawe Yilwatda, the All Progressive Congress APC national chairman, two former APC Chairmen, Adams Oshiomhole and Umar Ganduje, governors of APC states, and the Governor of Abia State, Alex Otti, attended the commissioning of the projects and the book launch.

The event was also attended by Tajudeen Abbas, speaker of the House of Representatives, Deputy Speaker, Deputy Senate President, former Senate Presidents, Sen. Pius Anyim Pius, and Ahmad Lawan, were also at the event.

Others include the founding Chairman of the APC, Bisi Akande, and former Governor of Ogun State, Segun Osoba, as well as traditional and religious leaders, members of the diplomatic corps, student unions, and market associations.

President Tinubu told the crowd at the Emmanuel Iwuanyanwu Convention Centre: ‘Let me also say this clearly, Nigeria is a proud, sovereign nation built on the faith and resilience of its people. Here, no faith is under siege, no community is excluded.

‘Our churches, mosques, and traditional shrines stand side by side – not as rivals, but as symbols of the unity that binds us.

‘We must never allow outsiders to tell us who we are or sow division among us. We are Nigerians, and we will stand together. Nigeria will not accept lectures from those who seek to profit from our divisions. No one loves this country more than Nigerians themselves, and no one will define us except us.

‘Our duty is to stand guard over our unity, protect every citizen, and continue to prove to the world that our diversity is not our weakness, but our strength and when Nigeria stands united, no falsehood can prosper against her. So help us God,’ he added.

On the impact of the All Progressives Congress in running Nigeria since 2015, President Tinubu said: ‘Nigeria is no longer where it was ten years ago. We promised a change, and I can confidently tell you the worst is over.

‘Ten years ago, our great party, the All Progressives Congress (APC), came into power on the wings of change. Nigeria was at a crossroads. A break from the old order was not only desirable; it had become inevitable to steer our nation away from collapse. ‘Under President Muhammadu Buhari, our party began stabilising Nigeria. We invested heavily in infrastructure, pushed back terrorists, and instilled accountability in public finance. Were there challenges? Yes. Were mistakes made? Yes. But no one can deny that the direction of Nigeria changed for good,’ he added.

‘APC may not be perfect, but we are purposeful. And we will not allow Nigeria to return to the wasted years of drift,’ the President said.

‘We are not yet where we want to be, but we are no longer where we were. We are building a Nigeria that values productivity above handouts and is a nation prepared for a sustainable future.

The President has a message for the critics of the APC administration: ‘And to those who today parade themselves as prophets of solutions, let me say this: those who wasted sixteen years had their chance. Nigerians remember the broken promises, the broken power plants, the broken roads and the attempts to usurp democratic institutions using corrupt practices and subterfuge.

President Tinubu commended Governor Uzodimma for his scholarship documenting this decade of progressive governance.

‘Hope has given Nigeria a gift: a reminder that nations must write their own stories, and leaders must account for their stewardship.

The President stated that the outlook for the economy had improved across various indicators.

‘I am honoured to stand here in Owerri, in the heart of the South-East, a land of industry, intellect, and resilience. I know there were times when this region felt left out. But under Renewed Hope, no part of Nigeria will be abandoned. The South-East is not on the margins; you are at the centre of our national rebirth.

‘Believing in true federalism and decentralisation, I have created regional development commissions to bring progress closer to the people. Nigerians have the right to hold leaders at every level (federal, state, and local) accountable. And as leaders, we have the duty to deliver,’ he added.

The President of the Senate, Godswill Akpabio, thanked the President for the initiative of NELFUND, which had encouraged more underprivileged children to pursue their education in higher institutions.

‘Mr President, you have given hope to many young people through the Education funds you provide. You have invested in agriculture to provide food for millions of Nigerians.

‘On behalf of the entire National Assembly, we want to congratulate the performing governor,’ the Senate President said.

The Governor of Imo State, who is also the Chairman of the Progressive Governors’ Forum, stated that the sub-national governments had consistently received increased allocations, enabling infrastructure construction and improving sectors such as education and health.

‘Mr President, we are grateful for your support. It is through your courage and bold policies that our economy is stabilised today. Most of the projects we undertake in Imo are made possible by the continuous funding we receive from time to time.

‘Your consistency in the political trajectory of Nigeria made it possible for the formation of APC, which became a force in the build-up to the 2015 elections. This inspired me to document all these remarkable efforts into a book titled ‘A Decade of Leadership in Nigeria’.

Ola Olukoyede, executive chairman of the Economic and Financial Crimes Commission (EFCC), has called on public and private sector organisations in Nigeria to integrate fraud risk assessment and control mechanisms into their governance frameworks to strengthen transparency and accountability.

Olukoyede made the appeal on Tuesday, at the launch of the ISO 37003:2025 Fraud Control Management System held at the Transcorp Hilton, Abuja.

The event was organised by the Standards Organisation of Nigeria (SON) in collaboration with the British Standards Institution (BSI).

Delivering a keynote address entitled, ‘Integrating Fraud Risk Assessment and Control into Governance of Organisations,’ Olukoyede, represented by Ibrahim Shazali, director of Fraud Risk Assessment and Control of the EFCC, described fraud as a ‘pervasive and complex issue’ that causes enormous financial and reputational damage to organisations.

‘Fraud risk assessments provide an opportunity for identifying, analysing, and mitigating the effects of fraud risks in organisations,’ he said, warning that threats such as asset misappropriation, corruption, and fraudulent financial reporting could cripple institutional capacity if not properly addressed.

Olukoyede highlighted the significance of ISO 37003:2025, which he said offers a globally recognised framework for organisations to prevent, detect, and respond to fraud systematically and sustainably.

He further disclosed that in 2024, the EFCC established the Department of Fraud Risk Assessment and Control (DFRAC), mandated to carry out fraud risk assessments across ministries, departments, and agencies (MDAs).

According to him, the unit has been focusing on measures such as segregation of duties, adherence to approval limits, cybersecurity safeguards, transparency protocols, whistleblower arrangements, and targeted awareness programmes to enhance governance and compliance in the public sector.

‘Fraud prevention is a collective responsibility. Our partnership with ISO and SON is crucial in promoting international best practices in fraud prevention and control. ‘By sharing knowledge, expertise, and resources, organisations can strengthen their defences against fraud and promote a culture of integrity and transparency,’ he added, noting that EFCC’s initiatives will also be extended to sub-national levels.

In his remarks, Chukunonso Okeke, Director-General/Chief Executive of SON, represented by Talatu Ethong, Director of Corporate Affairs, described the unveiling of the standard as a ‘historic occasion’ and a major milestone in Nigeria’s role in international standardisation.

‘Today, we are not merely unveiling another international standard, but a powerful instrument to strengthen transparency, accountability, and good governance in Nigeria.

‘With ISO 37003:2025, we now embrace a proactive and structured framework for fraud prevention, detection, and response,’ Okeke said.

He also praised Nigeria’s leadership role in shaping the new standard through SON’s active participation in the ISO/Technical Committee 309 Working Group 8, paying tribute to Professor Oserheimen Aigberaodion Osunbor for positioning Nigeria as a global player in fraud control standardisation.

Abdullahi Bello, Chairman of the Code of Conduct Bureau (CCB), in a goodwill message, commended SON and BSI for driving the initiative.

He described ISO 37003:2025 as ‘a robust framework for fraud prevention, detection, and response’ and expressed optimism that it would further entrench integrity in Nigeria’s governance and business environment.

Other speakers at the event included David Adamson of the British Standards Institution, the representative of the Minister of Industry, Trade and Investment, Kevin Hyland who presented a paper on ‘Criminality and Rule of Law: Impacts on Global Trade,’ as well as representatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Central Bank of Nigeria (CBN), and the Technical Unit on Governance and Anti-Corruption Reforms (TUGAR).

The highlight of the event was the official declaration by SON of the adoption of ISO 37003:2025 Fraud Control Management System for use in Nigeria.

The Institute of Change Management (ICM) has called on Nigerian businesses to prepare for a future defined by the convergence of people, processes, and technology, noting that successful organisations will be those that approach digital transformation with intentionality and agility.

Nat Osewele, president/chairman of the council of ICM, during his address of welcome at the 2025 ICM Annual Conference themed, ‘Navigating to the Future: Synchronising People, Processes and Technology for the Next Era of Change,’ said the gathering was more than a meeting of professionals but a launchpad for transformation.

‘This conference reflects our collective commitment to shaping the future with intention, innovation, and integrity,’ Osewele stated.

He emphasised that the future is not to be feared but designed, while urging change leaders to build cultures that embrace agility, collaboration, and continuous learning.

During a panel session on ‘digital transformation and organisational agility,’ industry leaders highlighted both opportunities and challenges facing Nigerian firms.

Morolayo Igeleke, country marketing manager at UPS, stressed that successful transformation depends on leadership commitment.

‘It starts from the top,’ he said. ‘The shoulders of implementation begin with leadership, and everyone else will pick from it.

‘To invest in digital transformation as a leader, you must be digitally literate, set visions and timings, and grow incrementally. Mindset change is very difficult, but with execution and time, things will change,’ Igeleke noted. Folorunsho Aliu, group chief information officer of Dangote Industries Limited, said agility is not just speed but alignment with an organisation’s realities.

‘A lot of people are jumping to AI because it’s the real thing, but you can’t digitise processes if your business is still running on paper,’ Aliu stated. ‘You must evaluate your stage, set the right foundation, and grow organically. There is no need to rush just to catch up with everybody.’

He added that small businesses may find it easier to embed digital systems from scratch, while larger organisations must take a more structured approach.

The panel agreed that Nigerian businesses must prioritise continuous learning, workforce audits, and communication when adopting AI. Small pilot projects, investment in digital literacy, and ethical considerations were also identified as critical success factors.

Obiageli Nwobi, managing consultant at HR Allied Services Ltd, noted that AI is already embedded in everyday work.

She stated that there is an urgency to prepare today’s workforce for an AI-driven future. ‘AI has come to stay. Many of us already use it daily without realising it – from personalised recommendations to research tools.

‘The workforce of tomorrow will not only be assisted by AI, it will be shaped by it. The focus is shifting from jobs to skills, and success will depend on human-AI collaboration.’

It was noted that AI is increasingly taking over repetitive jobs, but new roles are also being created, from AI ethics officers to process improvement engineers.

‘Our jobs are not disappearing; they are evolving.’

As Nigeria marks its 65th year of independence today, the nation’s political journey invites a quiet introspection. Beneath today’s celebrations lies a system that shuns and treats political conflict as a threat rather than the lifeblood of genuine democracy. And despite being conflict averse, Nigerian politics in the six and a half decades, has often resembled a battlefield where opposition signals enmity.

Consider a key basis upon which the Murtala/Obasanjo military regime decided to abandon the British parliamentary model for an American presidential system. They sincerely wanted to engineer unity through institutional design. General Olusegun Obasanjo, then second-in-command to General Murtala Mohammed, captured the thinking of politicians: ‘In most Nigerian languages, the word for opposition is the same word for ‘enemy’. And what do you do with an enemy? You crush him; you do not spare anything.’ This explains the approach to politics for most Nigerian politicians: ‘crush-or-be-crushed’.

The military viewed parliamentary debates as breeding grounds for violence. The solution seemed easy: eliminate opposition politics to eliminate political violence and forge unity by minimising confrontation. What they saw as a solution overlooked the simple truth that true unity emerges from shared experiences, not decrees; they could not legislate harmony any more than one can force roots into unwilling soil.

The logic revealed a profound misunderstanding of democracy itself; they expected a pluralistic, multi-ethnic society to function without opposition voices. They mistook external uniformity for genuine unity. What they created was not harmony but a system that drove conflict underground, where it festered and waited for opportunity to erupt in more destructive forms time and again. Aversion to conflict was deeply woven into the fabric of post-colonial governance.

The 1914 amalgamation by British colonial administrators created a geographical entity, not a unified nation. Ethnic nationalities were bundled together for administrative convenience, their diverse loyalties ignored in favour of resource extraction. Independence in 1960 inherited this corporatist mindset, much like a boardroom takeover, where the state became a prize for the victorious.

Politicians, echoing colonial overseers, treat public office as personal enterprise. Elections become zero-sum games of winner-takes-all. This mentality creates what might be called vagrant authority – power without purpose, office without vision. Leaders oscillate between inherited military authoritarianism and civilian chaos because they lack authentic governance models rooted in the Nigerian realities. They cannot imagine politics as anything other than warfare between enemies.

Such dynamics silence voices and shrink democratic space. And when opposition is equated with treason, losers retreat into ethnic strongholds, nursing grudges that fuel cycles of unrest and violence. As crackdowns are visited on protesters, dialogue gives way to distrust.

The 1993 annulment of Moshood Abiola’s presidential victory exemplifies this: a moment of potential national consensus shattered by military fiat, deepening divides that persist today. Silencing dissent does not build resilience; it erodes the very foundations of collective progress. History shows that political antagonism diminishes us, but it needs not define us. Perpetual bitterness, evident in the ethnic tensions that boiled over during the 1967-1970 civil war, continues to shadow modern politics. From separatist agitations to the Niger Delta militancy over resource control, to northern banditry and grievances about neglect, these conflicts reveal unaddressed wounds. But enmity is not inevitable, and politics need not be perpetual war.

Chantal Mouffe’s concept of agonistic pluralism offers a compelling alternative framework. She reframes political struggle as a contest between adversaries, not enemies. In her view, democracy thrives when passions are channelled into managed disagreement, preventing apathy or explosive violence. The goal of democratic politics should be transforming enemies into adversaries, treating opponents with respect rather than seeking their destruction.

Imagine politics as a football match, between Enyimba International FC, unarguably Nigeria’s most successful club, and Kano Pillars FC which also commands significant support. Supporters cheer fiercely for their side, yet the game ends with handshakes, not bloodshed. Victory brings joy, defeat prompts reflection, but the sport endures because rules ensure fairness.

Nigerian politics could adopt similar principles. Opposition parties would compete vigorously, not a death match. Media outlets would provide balanced platforms for different viewpoints rather than serving as partisan weapons. Electoral bodies would referee contests impartially. Winners would govern inclusively while losers would critique constructively.

For a multi-ethnic, multi-religious nation like Nigeria, agonism feels tailor-made. Mouffe points out that in diverse societies, consensus is often illusory; instead, we need space for dissensus while maintaining respect. Through vigorous debate and competition, societies test ideas, expose weaknesses, and discover better solutions.

Adapting agonism means practical steps. Constitutional reforms could embed proportional representation, ensuring minority voices influence outcomes, much like Switzerland’s federal cantons balance linguistic divides. Education curricula might emphasise civic dialogue, teaching young Nigerians to view debate as strength, not weakness. And leadership selection could prioritise those who bridge divides, as Ellen Johnson Sirleaf did in Liberia by including former rivals in her cabinet.

The root of our disunity lies not in diversity itself, but in systems that force conformity over accommodation. By embracing conflict as integral to politics, we open doors to authentic unity, one grown organically, not imposed. Antagonism can evolve into agonism, turning perpetual war into productive rivalry.

After sixty-five years of trying to engineer conflict-free politics, perhaps it is time to learn how to manage conflict productively. This Independence Day, let us commit to a politics that uplifts, where winning serves the people, not just the victors.

Sterling Bank has announced the removal of Account Maintenance Fees (AMF) on all personal accounts, marking another bold step in its push for customer-focused banking in Nigeria.

The announcement, made on Independence Day, comes just months after the bank scrapped transfer fees on local online transactions in April. Together, the two decisions position Sterling as one of the most aggressive challengers of long-standing industry practices in the Nigerian banking sector.

In 2024 alone, Nigerian tier-1 banks earned more than ?650 billion from account maintenance and e-banking charges, according to industry data. Sterling’s decision effectively strikes at a key revenue stream for banks, while offering its customers relief from charges that have long been a source of complaint.

‘Every fee we remove is one less barrier between our customers and true financial freedom,’ said Abubakar Suleiman, Managing Director of Sterling Bank. ‘This was the rationale behind eliminating transfer fees in April, and it is the same principle we uphold as we eliminate account maintenance fees.’ Reinforcing this, Obinna Ukachukwu, Growth Executive for Consumer and Business Banking, said:

‘This initiative is about building lasting relationships that fuel sustainable growth. We put transparency and customer value first, and in doing so, we are building a foundation that serves both our customers and Sterling’s future.’

Industry analysts say the move could trigger fresh debate on banking charges in Nigeria, particularly as regulators continue to face pressure from consumer groups to reduce the cost of financial services.

Sterling Bank described the scrapping of AMF as a ‘declaration of financial independence’ for its customers, in line with the symbolism of the October 1st holiday.

With the back-to-back removal of transfer fees and now account maintenance charges, Sterling is consolidating its reputation as one of the most disruptive players in Nigeria’s retail banking landscape.

As the nation celebrates 65 years of independence, Umaru Fintiri, the governor of Adamawa State, has announced the state’s economic turnaround, saying its Internally Generated Revenue (IGR) rose from ?6.2 billion in 2019 to ?16.2 billion in 2025, giving credit to fiscal discipline, digital reforms, and improved transparency.

The governor pointed out that independence becomes tangible when good governance is translated into real development.

Delivering his address, he urged citizens to reflect on the nation’s journey while recommitting to the ideals of justice, unity, and development.

He further reminded citizens that while Nigeria has endured decades of challenges from civil war to dictatorship, poverty, and insecurity the true measure of independence lies not in survival, but in progress.

‘Survival is not success,’ the Governor said. ‘Independence without progress is only a symbol. Real freedom is measured by how it transforms everyday lives.’

He emphasised that in Adamawa State, his administration has sought to translate that belief into tangible action. From educational reforms to healthcare revitalisation, from improved infrastructure to job creation, Fintiri detailed a range of initiatives aimed at improving quality of life for residents across the state.

Fintri announced the ongoing recruitment of 12,000 qualified candidates into the Adamawa State Civil Service, including 5,000 in MDAs, 5,000 in Post-Primary Education, and 2,000 in the Health Sector as part of dividends of democracy. ‘This is not just a job drive it is an investment in efficiency, public service, and the future of our youth,’ he stated.

In a direct appeal to the youth, the governor encouraged them to take ownership of the country’s future, declaring, ‘Your time is not coming your time is here.’ He urged young people to channel their energy into building bridges rather than walls, and to let their actions speak louder than their posts on social media.

Fintiri also underscored the importance of unity, especially in a diverse state like Adamawa, where multiple cultures, languages, and faiths coexist.

‘That diversity must never be our weakness it must be our strength,’ he affirmed. ‘A divided Adamawa like a divided Nigeria cannot stand.’

He called for every Nigerian to contribute to building a nation where ‘no one is left behind and nothing is left untouched,’ affirming that true independence must be seen and felt in the lives of everyday people

Earlier,James Iliya, Commissioner of information in his speech states that with the theme of this year’s independence celebration ‘ All Hands-on Deck for a Greater Nation’, is both a reminder and a call to action.

Iliya further pointed out that building a great nation is not the work of one person or one group but a collective effort, stressing that patience and teamwork solve even the hardest problems.

He also commended the government for ensuring that information flows freely, citizens are heard and development reaches every community, investing in education to prepare youths for the future.

The United States Embassy in Nigeria has reassured Nigerians that visa and passport services will continue to run despite the ongoing partial shutdown of the US government.

In a statement issued on Wednesday via its official X handle, the embassy explained that while its social media accounts would not be updated regularly during the funding lapse, essential consular services remain operational.

‘Due to the lapse in appropriations, this X account will not be updated regularly until full operations resume, except for urgent safety and security information.

At this time, scheduled passport and visa transit services in the United States and at U.S. Embassies and Consulates overseas will continue during the lapse in appropriations as the situation permits,’ the embassy stated. The clarification came after widespread concerns among Nigerians that the shutdown in Washington might disrupt visa processing, affect student travel, and delay other consular services.

The shutdown began after US lawmakers and President Donald Trump failed to reach a compromise on a federal budget deal. At the centre of the dispute is Democratic Party pressure for expanded healthcare funding, which Republicans have resisted. Trump, defending the shutdown, said the deadlock could help him cut back on Democratic-linked programmes.

While the shutdown will not affect critical services such as the military, postal operations, or welfare schemes like Social Security and food stamps, it is expected to place a heavy burden on federal workers.

The Congressional Budget Office estimates that as many as 750,000 federal employees may be sent home daily without pay until a funding agreement is reached.

This marks the first government shutdown since the record-breaking 35-day closure nearly seven years ago, also under Trump’s administration.

Since 1976, when the modern budget process was introduced, the US has experienced 21 shutdowns, most of which were resolved before causing widespread disruptions.

The embassy advised Nigerians to rely on official sources for consular information during the shutdown.

‘Nigerians are encouraged to visit travel.state.gov for the latest updates on visa appointments and passport processing,’ the notice added.