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The Federal Government has disclosed plans to refinance Nigeria’s expensive debt portfolio as part of ongoing efforts to reduce the nation’s debt service costs and overall cost of borrowing.

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, made this known on Tuesday at the 55th Annual Conference of the Institute of Chartered Accountants of Nigeria (ICAN) held in Abuja.

Edun explained that the decision to refinance the country’s high-cost debt was driven by the sharp rise in debt service obligations in recent years.

According to him, ‘Debt service costs have surged: Treasury bill rates rose from 8% in 2023 to nearly 24 percent, and external debt service almost tripled from budgeted N2.7 trillion to N6.7 trillion in 2024.’

Refinancing expensive debts involves replacing high-interest loans with new, lower-interest facilities aimed at easing the pressure on government finances, freeing up resources for developmental spending, and improving the country’s fiscal sustainability.

The move is consistent with the government’s medium-term growth strategy, which seeks to build a productive economy anchored on private sector investment, openness, and efficiency.

According to Edun: ‘Our growth strategy is centered on productive capital formation through increased private investment. We are working to achieve output growth of 7.0 percent GDP by 2027/2028, thus enabling the removal of millions of our citizens from poverty.’

He added that the Tinubu administration is determined to transition the Nigerian economy into one driven by competition and innovation, with government acting as a facilitator rather than a dominant player. ‘We are transitioning to an economy anchored on openness, competition, and efficiency, where the private sector is the engine of growth, and government efficiently plays its role as foreseer and enabler,’ he stated.

Edun disclosed that the Federal Government is also making substantial investments in the digital economy to unlock new opportunities for the country’s predominantly young population. He noted that over 65 percent of Nigerians are under the age of 35, presenting a unique demographic advantage that must be harnessed through technology and innovation.

‘We are making bold investments in the digital economy. Through Project Bridge, a $2 billion Public-Private Partnership project supported by the World Bank and the African Development Bank, we are expanding fibre optic coverage by 90,000 km, building on the existing 35,000 km network,’ the Minister said.

‘Our goal is 70 percent nationwide internet penetration, reaching all LGAs and wards. This initiative addresses digital infrastructure gaps and promotes inclusion, especially for women and youth, paving the way for a tech-driven future,’ he added.

Speaking on government finances, Edun stated that Nigeria’s fiscal position has recorded significant improvement in the last two years, noting that revenue has grown by over 70 percent in nominal terms. He attributed the increase to key reforms implemented under President Bola Tinubu’s Renewed Hope Agenda, including the liberalization of the foreign exchange and fuel markets, and the automation of revenue collection systems.

‘The demand for development remains high as we strive to improve upon output growth and significantly enhance productivity. In part, this will be achieved by raising our infrastructure stock from its current level of less than 40 percent of output towards the global benchmark of 75 percent,’ Edun noted.

He said the government is deploying a range of innovative measures to mobilize domestic resources to meet development financing needs, particularly in a global environment constrained by limited liquidity. Among these initiatives, he mentioned formalizing the large informal sector-particularly in real estate and agriculture-as revealed by the recent rebasing of Nigeria’s GDP figures.

The minister also mentioned the expansion of the tax base through the new Tax Reform Act, which harmonizes tax processes and reduces multiple taxation to enhance productivity. ‘We are also working to strengthen digital revenue collection platforms,’ he added.

According to him, the government is also leveraging ‘asset financialization by optimizing the federal government’s balance sheets,’ with the expectation that subnational governments will adopt similar strategies to improve fiscal efficiency and revenue performance.

On social protection, Edun said the administration is expanding and strengthening its social investment programmes to reach more Nigerians in need. ‘This is being achieved through enhanced digital identification systems, ensuring that support reaches those who need it most, efficiently and transparently,’ he said.

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Big Brother Naija Season 10 winner, Imisi, has revealed that her friendship with disqualified contestant Faith has come to an end.

In her first post-show interview with host Ebuka Obi-Uchendu, Imisi opened up about her time in the house and her strained relationship with Faith.

She described Faith as intelligent and expressive but accused him of spreading false stories about her during and after the show.

Imisi denied claims that she exposed herself or attempted to kiss Faith, clarifying that she only admired his intellect and had no romantic interest in him.

According to her, the only light-hearted moment between them was a playful remark made after a Saturday night party when she was slightly intoxicated. ‘It was just a joke, not something serious,’ she said.

Imisi added that Faith misinterpreted her comment and began to act disrespectfully toward her. She noted that while Faith often claimed to dislike her, he continued to talk about her, making reconciliation impossible.

‘As far as I’m concerned, that friendship is over,’ she declared.

‘Faith said I showed him my boobs and tried to kiss him, that’s not true. I only admired his intellect and the way he expressed himself. I never intended to pursue any romantic relationship with him,’ Imisi clarified.

She added, ‘The only time I jokingly told him to kiss me was after a Saturday night party when I was tipsy. It wasn’t serious, but he took it the wrong way and began disrespecting me.’

Crypto gambling is quickly gaining ground in Nigeria, where traditional payment methods often come with delays or restrictions. With Bitcoin and other digital currencies, players can enjoy faster deposits, quicker payouts, and an added layer of privacy while playing online. The demand for reliable crypto casinos has grown, but not every Bitcoin casino platform is built with Nigerian players in mind.

That’s why we’ve reviewed the best Bitcoin and crypto casino sites in Nigeria, highlighting their bonuses, features, and trustworthiness. This guide helps you select a secure crypto casino platform where you can gamble with cryptocurrency safely and confidently.

The following table provides an overview of the top Bitcoin and crypto casinos for players in Nigeria. It includes information about the Bitcoin casino brand’s welcome bonus, key features, and overall rating for quick comparison before a more detailed review.

Casino Brand Welcome Bonus* Key Features Star Rating/ Score

Wild.io Up to 350% across 3 deposits + 200 free spins Multi-crypto support, VIP / loyalty program, fast payouts, and bonus shop (4.2/5)

Jackbit 100 free spins, no wagering 6,600+ slots, 200+ live games, sportsbook, rakeback and cashback(4.4/5)

Ignition 300% match bonus up to $3,000 Casino + Poker, crypto/fiat support, frequent reload promos ½ (4.5/5)

Rakebit 450% cash bonus up to $10,000 USDT 7,000+ games, no KYC for crypto, fast withdrawals (4,0/5 est.)

BitStarz 100% up to $100 + 180 free spins 0 fees, instant crypto withdrawals, huge game library, Curacao license (4.2/5)

Now that you know the overall bonuses, features, and ratings, it is time to examine each Bitcoin casino in detail and what makes it special. Below, we list what each crypto casino does very well to help you decide which casino is best for your style.

Wild.io has carved its space as a fully crypto-driven casino where speed, fairness, and player rewards set the pace. Nigerian players gain access to over 3,000 slots, live dealer tables, and sports betting markets, all with instant wallet compatibility. The Bitcoin casino platform’s bonus system is designed to scale with deposits, while a VIP ladder ensures long-term rewards don’t run dry. Its focus on fast withdrawals and transparent gameplay makes it a prime pick for those who don’t want delays when cashing out.

Key Points

Withdrawals are typically processed within minutes.

20-level VIP ladder with cashback perks.

A crypto-only approach for enhanced privacy and efficiency.

Game outcomes verified with provably fair tech.

Runs under the Curaçao eGaming license.

Key Features

Up to 350% bonus across first 3 deposits + 200 free spins.

Supports over 10 major cryptocurrencies, including BTC, ETH, SOL, ADA, and DOGE.

Daily engagement tools like Wheel of Fortune and streak bonuses.

Clear wagering tracker inside the player dashboard.

Optimized for mobile play with no app needed.

Register today and get up to 350% bonus with free spins – so much to enjoy playing, do not miss out!

Jackbit has quickly become a top choice for Nigerian crypto players who want variety. With more than 6,600 slot titles, 200+ live dealer tables, and a fully loaded sportsbook, the platform caters to both casino fans and sports bettors. Its promotions focus less on gimmicks and more on consistent cashback and rakeback, which serious players value. Unlike many crypto casinos, Jackbit seamlessly blends entertainment with competitive betting odds, making it versatile enough for both slots enthusiasts and sports enthusiasts alike.

Key Points

6,600+ casino games and 200+ live tables.

Full sportsbook with global coverage and competitive odds.

Cashback and rakeback instead of high-wager free bonuses.

Crypto-friendly with quick deposits and withdrawals.

Licensed under the Curaçao eGaming authority.

Key Features

Welcome offer of 100 free spins, no wagering required.

Multi-currency wallet with BTC, ETH, USDT, and altcoins.

Sports betting markets across football, basketball, esports, and more.

Weekly cashback incentives for active users.

Sleek interface with seamless mobile compatibility.

Register today and claim 100 free spins – there’s so much to enjoy playing at Jackbit, so don’t miss out!

Ignition brings something different to the Nigerian crypto casino scene by combining a full casino with one of the largest online poker rooms available. It appeals to players who enjoy switching between poker tournaments and classic casino action under one account. The welcome package for crypto deposits is among the strongest, split between the casino and poker sections, giving newcomers a significant boost on both fronts. With reliable payouts and regular reload bonuses, Ignition is built for players who value consistency, solid promotions, and a vibrant poker community.

Key Points

Dual platform: poker network plus casino.

Crypto deposit bonuses apply to both casino and poker.

Established reputation with long-term players in the US.

Smooth cashouts with Bitcoin and other cryptos.

Licensed for offshore operations.

Key Features

Welcome bonus: 150% up to $1,500 for casino + 150% up to $1,500 for poker.

Frequent crypto reload promos and loyalty rewards.

Wide range of poker tournaments and ring games.

Casino games include slots, blackjack, roulette, and live dealer tables.

Supports Bitcoin, Ethereum, and Litecoin for quick payments.

Register today and claim up to $3,000 in crypto bonuses – so much to enjoy playing at Ignition, do not miss out!

Rakebit is one of the newest names catching attention in Nigeria’s crypto gambling space, thanks to its aggressive bonus offers and relaxed KYC requirements. With over 7,000 games on its roster, it offers players a diverse mix of slots, live dealer tables, and crash-style games designed for fast-paced play. What really sets Rakebit apart is its 450% welcome package, one of the biggest available, paired with transparent crypto payouts. For players who prefer privacy and generous bonuses, Rakebit offers a compelling alternative to traditional casinos.

Key Points

Massive 450% bonus on first deposit.

7,000+ titles across slots, live, and instant games.

Crypto-only platform with no mandatory KYC checks.

Fast and transparent withdrawal processing.

Licensed for international iGaming operations.

Key Features

Supports Bitcoin, Ethereum, USDT, and other leading tokens.

Cashback deals for active players alongside welcome rewards.

User-friendly interface with quick navigation.

Regular game updates with trending titles.

Mobile-optimized with browser-based access.

Register today and grab up to a 450% bonus – so much to enjoy playing at Rakebit, do not miss out!

BitStarz is a household name in the global crypto casino space, and for good reason. Nigerian players benefit from its reputation for instant withdrawals, a massive library of games, and years of proven reliability. With over 3,500 slots, a potent mix of live dealer tables, and transparent bonus terms, BitStarz has built trust where many newer casinos struggle. Licensed in Curaçao and supported by active player communities, it remains one of the safest bets for crypto gambling, particularly for those seeking speed, variety, and credibility all in one platform.

Key Points

Established brand with global recognition.

Over 3,500 slots and live dealer tables.

Instant crypto withdrawals with no hidden fees.

Licensed under the Curaçao eGaming authority.

Active player base and strong reputation.

Key Features

Welcome bonus: 100% up to $100 plus free spins.

Accepts Bitcoin, Ethereum, Litecoin, and more.

Regular promotions, such as slot races and reload offers.

Transparent wagering requirements on bonuses.

Mobile-first design with fast loading times.

Register today and claim your 100% bonus – so much to enjoy playing at BitStarz, do not miss out!

Crypto gambling in Nigeria is becoming more than just a trend; it’s a way for players to enjoy faster payments, better privacy, and a wider selection of games than traditional sites usually offer. With Bitcoin, Ethereum, and stablecoins, deposits are made instantly, and winnings can be withdrawn in minutes, bypassing the usual banking delays.

Nigerian players also gain access to exclusive crypto-only bonuses and provably fair games, which bring transparency to the table. Whether you’re spinning slots, playing poker, or trying live dealer tables, crypto casinos create a smoother and more rewarding online gambling experience.

In Nigeria, the gambling sector is regulated by the National Lottery Regulatory Commission, which monitors traditional and online gambling sites. While in Nigeria, traditional gambling is legal, crypto is in a grey area. The Central Bank of Nigeria restricts banks from issuing cryptocurrency transactions; nevertheless, players can at least use their digital wallets to deposit and withdraw directly with international platforms.

This implies that crypto casinos operate outside the jurisdiction of local regulators. Players in Nigeria can have access to these casinos, but without any protection from the state. Licensed offshore casinos, often operating under the jurisdictions of Curaçao or Malta, are the primary option. Players are always advised to verify that the casino is licensed and supports secure cryptocurrency transactions.

With the legal landscape still developing, Nigerian gamblers continue to seek alternative ways to engage with Bitcoin and altcoins, offering a quicker, borderless method of play that bypasses local banking limitations.

In selecting the best crypto casinos for Nigerians, we went past bright visuals and marketing policy to look at things that really matter to the gaming experience. We evaluated key factors, including security, payouts, bonuses, and mobile formats. These are our limiting factors:

Licensing and Reputation – Bitcoin casino platforms with a licence offshore and those that players felt were trustworthy were polled.

Payout Speed and Crypto Availability – Bitcoin casinos that can offer either instant or nearly instant payments, along with a wide range of crypto options, were given a higher weighting.

Game Variety – A well-rounded variety of slots, live dealer games, poker, and sports betting is a must for legitimate crypto casinos.

Bonus offers and promotions – We examined and approached welcome bonuses and ongoing bonuses with the same respect, paying attention to fair wagering rules.

Mobile and User friendliness – Crypto casino platforms for mobile casino gaming should offer experiences that are easy to navigate/ use. The experience itself should be better suited for mobile.

This process was used to ensure that each Bitcoin casino listed was reliable, rewarding, and ultimately enjoyable for Nigerian players.

Getting started with crypto gambling in Nigeria is simpler than it may seem. With just a digital wallet and access to the right platform, you can begin playing safely and quickly. Here’s a clear breakdown of the process:

Step 1: Choose a Casino – Select a licensed cryptocurrency casino that accepts Nigerian players and supports popular tokens such as BTC, ETH, or USDT.

Step 2: Create a Wallet – Use a secure crypto wallet (such as Trust Wallet or MetaMask) to store and send your funds.

Step 3: Buy Cryptocurrency – Purchase cryptocurrency from a trusted exchange, ensuring the token is supported by the casino.

Step 4: Deposit Funds – Copy the casino’s wallet address, transfer your crypto, and your balance will appear in minutes.

Step 5: Start Playing – Claim your welcome bonus and explore our extensive selection of slots, live dealer games, and sports betting options.

With these steps, Nigerian players can enjoy faster and safer gambling without relying on traditional banking methods.

With the right approach, crypto gambling can be pleasant. Players in Nigeria can secure success and enjoyment by applying these straightforward yet practical tips:

Set a Budget – Before you get started, determine how much you are willing to lose.

Use Trusted Casinos – Focus your attention on licensed establishments that have high customer satisfaction.

Check Your Bonus Terms- Always read the wagering requirements before claiming any offer.

Secure Your Wallet- Activate two-factor authentication and keep your private keys saved in a safe place.

Play Responsibly- Know when to stop and remember that gambling is an entertainment.

Making smart decisions ensures that you will maintain pleasurable and safe playing experiences.

Cryptocurrency casinos are revolutionizing online gambling in Nigeria, offering faster payments, enhanced privacy, and fairer play than most traditional sites. Among other Bitcoin casino sites, Wild.io stands out with swift withdrawals to complement their extensive rewards system; Jackbit has one of the largest game libraries and a fully functional sportsbook; while Ignition provides one of the better poker/casino hybrids.

Each casino has its own edge, and we are confident that Nigerian players can find the best site for them. Ultimately, it comes down to personal preference, but the three casinos we’ve highlighted will all offer a similar experience.

Ogun State Deputy Governor, Noimot Oyedele-Salako, has called on members of Generation Z-young people born between 1997 and 2012-to channel their creativity, talents, and technological skills toward spreading positivity and promoting worthy values rather than negativity online.

Speaking at the ‘Trust Teens Conference 2025’, held at the June 12 Cultural Centre, Kuto, Abeokuta, the deputy governor, who is also a civil engineer, delivered an inspiring address titled ‘Teens Who Influence.’ The annual conference, hosted by the Trust Teens Community (TTC), is regarded as Africa’s biggest teenagers’ gathering, aimed at nurturing leadership and positive influence among young people.

Salako-Oyedele urged Gen Z participants to always consider their schools, families, communities, and the nation in their actions-both offline and online. She emphasized that in the digital era, where social media defines much of young people’s identity, they hold the power to create content that uplifts rather than tears down.

‘Think about your school, your family, your community,’ she told the teens. ‘Who can you encourage? Who can you defend when others are silent? Even online, you have a choice: do you spread negativity, or do you create content that inspires and informs? True influence is not about the noise you make; it’s about the lives you change.’

The deputy governor shared personal experiences from her career journey, recalling her days as a civil engineering student, when very few women were represented in her field. She said her determination to succeed was not only for herself but also to pave the way for other young women who would come after her.

‘When I studied Civil Engineering at university, there were very few women in my class,’ she said. ‘I knew that my success wasn’t just about me; it was also about every girl who would come after me. Without planning it, I became a role model in that space. People were watching: could she hold her own? Could she deliver? That realisation shaped me. I understood that influence meant showing up, not for applause, but so others could believe that they, too, belonged.’

Salako-Oyedele highlighted the importance of consistency and discipline as the foundation of true influence, explaining that real success is not built on viral fame but on steady commitment to values, purpose, and hard work.

‘Be consistent,’ she advised. ‘Influence is not built in one viral moment; it is built in the little things you do daily-showing up to class prepared, finishing what you start, keeping your word even when no one is watching. That’s how people learn to take you seriously. Most influencers you admire today didn’t rise overnight. They kept at it when nobody was watching. Consistency is the bridge between small beginnings and big impact.’

She added that occupying a high political office has not changed her core values, stressing that integrity and authenticity are the true markers of leadership and influence.

‘Today, I serve as the Deputy Governor of Ogun State, but I can assure you this high office has not changed who I am,’ she said. ‘I remain grounded, guided by my values and my faith. People still know me as the same person I was before politics, and that is because I have strived to be consistent. Influence lasts when people can trust your character, not just your achievements.

‘Your influence grows not from perfection, but from persistence and consistency. People believe in you when they can trust your word, when they see you stand by your values, and when you don’t lose yourself, no matter where life takes you.

‘You don’t have to wait until you’re older to make an impact. Influence starts now, in your schools, in your families, in your communities.

Start small. Stay true. Be consistent. And above all, learn, connect, and take something away that will shape your future.’

Speaking earlier at the event, which showcased start-up ideas for funding, including First Aid medical Apps and a waste-to-wealth kit developed by teenagers, the Convener, Miss Deborah Dada, revealed that in the last 17 months, TTC has impacted over 6,000 teenagers through the execution of 25 teen-oriented projects and the setting up of 15 learning centres in six communities.

Miss Dada added that the organisation had invested over N20 million in the delivery of youth-focused programmes, stressing that it envisions a world where African teenagers become the spark for generational cycles of wholeness, leadership, and societal transformation.

Nigeria’s food system is undergoing a green transformation as agritech startup BevAgro introduces electric vehicles (EVs), solar-powered battery swap hubs, and pay-as-you-go financing to tackle one of the nation’s biggest agricultural challenges – food loss.

According to the World Bank, Nigeria loses over $7 billion worth of food annually before it reaches consumers, due to poor logistics, high fuel costs, and a lack of affordable transport. BevAgro is addressing this by creating a clean, cost-effective mobility solution that empowers farmers, traders, and delivery operators.

‘We turn food losses into profits by powering farmers, traders, and delivery riders with EVs financed seamlessly through every battery swap,’ said Ashaolu, Chief Operating Officer of BevAgro.

The company’s model, known as the ‘Agri-to-City Mobility Grid,’ connects rural farms to city markets using electric three-wheelers, cargo vans, and e-bikes. Over 150 EVs are already operational along key agricultural routes, supported by solar-powered hubs that enable quick battery swaps – cutting fuel costs and eliminating downtime.

Farmers and traders adopting BevAgro’s solution report lower transport costs, faster deliveries, and fresher produce reaching urban markets. ‘We’ve seen spoilage drop significantly,’ said a market trader in Oyo State. ‘With BevAgro’s EVs, I now spend less and sell more. It’s changing how we do business.’

To scale its operations, BevAgro recently secured a $1.7 million grant from a leading Development Finance Institution (DFI) and an additional $1.4 million loan from a local commercial bank to expand its solar swap hubs and smart-financing pool.

BevAgro’s proprietary platform integrates IoT-enabled batteries, smart repayment systems, and real-time data analytics to create a transparent, bankable ecosystem. Each battery swap triggers a micro-repayment, allowing users to gradually own their vehicles while maintaining cash flow.

‘This is more than transportation; it’s transformation,’ Ashaolu added. ‘Every swap, every kilometre, every farmer we empower moves us closer to a cleaner, more profitable food system.’

By replacing petrol-powered logistics with solar-driven mobility, BevAgro’s business model is turning waste into wealth, emissions into savings, and mobility into opportunity. Each swap hub is projected to reach profitability within 30 months, sustained by recurring energy revenue and predictable repayments.

‘Our mission is simple,’ Ashaolu said. ‘Feed families, power livelihoods, and protect the planet – one electric mile at a time.’

The Senate on Tuesday moved to impose a 10-year passport ban on Nigerians who have been convicted and deported from foreign countries over criminal activities.

This move followed the second reading of a Bill titled: ‘A Bill to amend the Passport (Miscellaneous Provisions) Act, Cap. P343 Laws of the Federation of Nigeria, 2004’ sponsored by Senator Bello Sani Abubakar (APC – Niger North).

Presenting the lead debate of the Bill on behalf of the sponsor, Senator Mohammed Ogoshi Onawo, said the Bill is intended to highlight the need for more provisions in the extant legislation to preserve, sanctify, and redeem the image of the Federal Republic of Nigeria globally.

He said that the Bill seeks to provide for measures towards preserving the image of Nigerians while abroad and the Federal Republic of Nigeria globally.

‘The implication of the proposed amendment is that where a Nigerian commits any of the foregoing offences in a foreign country and is convicted for the crime, the international passport of the convict would be withdrawn for ten years. This measure serves as a veritable deterrent to the commission of crime in a foreign country.

‘This proposed amendment will redeem, preserve, and elevate the image and integrity of our dear country. It is also an opportunity for us to demonstrate our commitment to good governance and stance against crimes and criminality.’

In his lead debate, Senator Ogoshi said that the proposed amendment to the extant Act has become imperative and compelling as a veritable action to effectively redeem the severely tarnished image of our dear country in the eyes of the international community and to enact a strong disincentive for the commission of crimes by Nigerians across international jurisdictions.

He said, ‘The commission of crimes by Nigerians in foreign jurisdictions has dealt a crushing blow to the reputation and image of Nigeria, and is costing us stupendous disgrace in the diplomatic community and in international transits.

‘It projects Nigerians as persona non grata to whom foreign visas are restricted or denied, with a negative effect on our national interest.

‘Countries like China, Turkey, Canada, France, Egypt, Germany, Ethiopia, South Africa, Russia, the United Arab Emirates, among others, which are destinations of interest to our citizens, apply stringent visa rules to Nigerians.

‘A major reason for the visa restriction is the significant commission of crimes and conviction of Nigerians in those countries.

‘Though profiles of crimes by Nigerians in foreign countries are protected for human rights reasons, as Chairman of the Senate Committee on Foreign Affairs, and being privy to the issues in the diplomatic community, the detriment of such crimes to our foreign affairs, the harm to our bilateral and multilateral interests, and the dent to our image and integrity, I am convinced, that it is incumbent upon us as a country to act and demonstrate responsibility to ending the indulgence of our citizens in crimes anywhere in the world.

‘As a consequence of the injury to the integrity of our country from crimes by our citizens in foreign jurisdictions, innocent and patriotic Nigerians suffer harassment in international transits, denial and hardship in visa applications, discrimination and negative stereotype in social dealings, costs and distress.

‘The green passport is widely discountenanced and the sovereign pride it intrinsically bears has severely diminished. That is nothing less than a state of emergency!

‘The Legislature is mandated, under Section 4 of the Constitution, with lawmaking for the peace, order, and good governance of Nigeria.

‘The extant law on Passport (Miscellaneous Provisions) Act is good, but good is the enemy of better.

‘It would do better if amended with provisions that impose an extra layer of deterrents to the commission of crime by our citizens in foreign countries.

‘It would demonstrate responsibility on our part to discourage the perpetration of crime by our citizens and to redeem the image of our country.’

Senators in their contribution supported the Bill and approved that the Bill be read for a second time when it was put to a voice vote by Senate President Godswill Akpabio.

Supporting the bill, Senator Babangida Hussaini (Jigawa Northwest) called for tighter control over passport issuance to prevent non-Nigerians from fraudulently obtaining Nigerian passports.

He said, ‘Nigerians of all shades and colours are being disrespected in foreign lands because of the ease of acquiring Nigerian passports.

‘In some cases, crimes committed by foreigners are attributed to Nigerians simply because they carry our passports.

‘We must reclaim the dignity of the green passport. When non-Nigerians use it to commit crimes, and Nigerians are profiled for it, that is an injustice to our people.’

Senate President Godswill Akpabio also threw his weight behind the bill, describing it as ‘a bold step to preserve the dignity and integrity of Nigerians.’

He recalled a case in Dubai where a group of black men committed robbery using Nigerian passports, but were later discovered not to be Nigerians.

‘This bill will help tighten the process of passport issuance and ensure that those who mess up the country’s image abroad face the consequences.

‘Any Nigerian who tarnishes our image should not only face imprisonment abroad but also lose their passport for at least 10 years,’ Akpabio said.

The bill, which enjoyed unanimous support on the floor, was referred to the Senate Committee on Interior for further legislative work and a public hearing.

If passed, the law will make Nigeria one of the few African countries with domestic legislation sanctioning citizens convicted of crimes in foreign jurisdictions, as part of efforts to restore global respect for the Nigerian passport.

Akpabio added, ‘I applauded this bill when I first read it, because it speaks to preserving the integrity and international reputation of our nation.

‘So as this bill, when it goes through public hearing and all, and comes back to us, and we send it to Mr. President for assent, and the concurrence of our colleague in the House of Representatives who helped to cope such incidents, who tightened the ways and manner in which Nigerian passports circulate in the hands of foreigners, and also where a Nigerian goes to mess up the image of the country, such a Nigerian should not just go to prison and be deported to Nigeria.

‘Such a person should actually lose an international passport for at least 10 years, or 10 to 20 years, to serve as a deterrent.’

Justice Adefunmilola Demi-Ajayi of the Federal High Court, Osogbo, Osun State, has ordered the remand of one Babatunde Ogini for the alleged murder of All Progressives Congress (APC) chieftain, Ebenezer Akinola, during the 2023 General Election.

The late Akinola was reportedly killed in front of his father’s house in the Araromi Irojo area of Ilesa in March 2023, prompting the then Speaker of the Osun State House of Assembly, Timothy Owoeye, to call for the arrest of those responsible.

On Tuesday, Ogini was arraigned by counsel to the Inspector General of Police (IGP) on a three-count charge bordering on conspiracy, murder, and unlawful possession of firearms.

According to the charge, Ogini and others, still at large, conspired to kill Akinola on March 17, 2023, at Ilesa East, Osun State, contrary to Sections 316, 319(1), and 324 of the Criminal Code. The defendant was also alleged to have been in possession of a pump-action rifle.

Ogini, however, pleaded not guilty to the charges. The IGP prosecutor, Mrs. Bola Adaraloye, requested that the accused be remanded, noting her intention to amend the charge before the next hearing.

Defence counsel, Barrister Abimbola Ige, informed the court that a formal bail application dated July 25, 2023, had already been filed and served on the prosecution.

Justice Ajayi declined to entertain the bail issue and ordered that Ogini be remanded at the Correctional Facility until October 14, 2025, when the case will come up for hearing.

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank is steadily driving President Bola Tinubu’s economic reforms through targeted policies and initiatives aimed at stimulating growth and deepening financial inclusion.

Cardoso stated this on Tuesday in Uyo, Akwa Ibom State, during a one-day CBN Fair themed ‘Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth, and Accelerated Economic Development.’

He was represented by the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali.

According to him, the implementation of key CBN initiatives has begun to yield positive results, including increased foreign investment inflows, improved trade balances, and notable progress in financial inclusion across the country.

Mrs. Ali noted that among the major reforms undertaken, the CBN has unified the exchange rate to minimize arbitrage and reduce volatility in the foreign exchange market, successfully clearing over $7 billion in verified forex backlogs.

She added that the ongoing recapitalization of banks is designed to strengthen the resilience and global competitiveness of Nigeria’s banking sector, positioning it to support the administration’s ambition of building a $1 trillion economy.

She informed that, ‘The CBN has launched a non-resident BVN to connect Nigerians abroad with home banking facilities.

‘The BMatch System has been introduced for forex trading to enhance market integrity and facilitate better price discovery.

‘CBN has unveiled a vision to accelerate digital transformation, broaden financial inclusion, and minimize downtime for faster and safer transactions.

‘A 75% CRR on non-TSA public sector deposits has been introduced to enhance liquidity management and mitigate potential inflationary pressures.’

Uyo Branch Controller of CBN, Mrs. Njideka Nwabukwu, pledged to uphold the CBN’s mandate in supporting the economic aspirations of Akwa Ibom State through effective stakeholder engagement, financial literacy campaigns, and seamless service delivery.

‘One of the key objectives of this fair is to sensitize the public on various initiatives of the CBN while creating a platform to receive valuable feedback that will help us improve our service delivery and policy implementation’, she said.

She encouraged participants to actively engage in the various sessions to take advantage of the information and opportunities presented at the fair.

Senate President Godswill Akpabio, on Tuesday, said that no state governor in Nigeria is still borrowing money to pay workers’ salaries due to the economic reforms being implemented by President Bola Tinubu’s administration.

Akpabio also said that at least 33 million Nigerians are currently facing acute hunger due to devastation caused by flooding.

The Senate President made these assertions in his speech while welcoming Senators back to legislative duties from their 10-week recess during plenary.

Akpabio, ‘I can confidently say that through the engineering of President Bola Tinubu and his team, no state government today is borrowing to pay salaries. So, for this, we say kudos to the administration,’ he said.

Many State Governments have, over the years, resorted to borrowing to pay workers’ salaries.

Under the Central Bank of Nigeria’s (CBN) Salary Bailout Facility (SBF), several states also obtained loans to offset wage arrears.

According to a Nairametrics report, 31 state governments collectively borrowed ?457.17 billion through the SBF to pay salaries. States such as Imo, Kogi, Kano, Edo, Benue, and Osun were among those listed.

In addition, reports show that between January and June 2023, state governors borrowed about ?46.17 billion from three commercial banks to pay salaries.

However, since the removal of fuel subsidy, reports indicate that allocations to state governments have tripled in some cases. The Minister of Finance and Coordinating Minister for the Economy, Dr. Wale Edun, had said that the policies have significantly improved the financial standing of state governments.

In his speech, Akpabio commiserated with victims and families affected by recent tragedies across the country.

Akpabio said, ‘Our country has walked through both shadow and sunshine while we were away.

‘We grieve with the families who lost their loved ones in the cruel boat tragedy on the Niger River in Kogi State, and in the bloody outrage at a mosque in Katsina.

‘We also mourn the 12 forest guards slain in Oke-Ode, Kwara State, cut down while protecting our environment – martyrs of service who remind us that insecurity knows no boundaries.

‘We commiserate with our compatriots across the flood-ravaged states of Bayelsa, Sokoto, Zamfara, and others, as the 2025 flood season continues to uproot lives and destroy livelihoods.

‘We urge urgent coordination between the federal and sub-national governments to mitigate these devastations before they become annual calamities.

‘To every home afflicted by these disasters, insecurity, hunger, and hardship, we extend to them the hand of fellowship and the prayer of comfort. We promise them that we shall not flinch from the duty of relief and redress for our people.

‘While our hearts grieve, our hopes endure because of glimmers of progress. Nigeria’s oil production has climbed toward 1.8 million barrels per day, driven by reforms and renewed investor confidence.

‘We must ensure that this blessing does not become another fleeting windfall, but a foundation for fiscal discipline, infrastructure renewal, and job creation.’

He added, ‘Let us also heed the cry from the farms and markets. Over 33 million Nigerians face acute food insecurity – a crisis demanding urgent legislative attention to agriculture, rural roads, irrigation, and mechanization. Hunger cannot be defeated with words; it requires policy, budget, and will.

‘Our people do not look to us for lamentations; they look to us for action. The banners of terrorism and banditry still threaten the countryside.

‘The cost of living weighs upon the family table like an iron chain. The flickering of our national grid leaves cities in darkness and commerce in paralysis.

‘These trials summon us to service of uncommon urgency – and to partnership with the Executive Arm, that together we rewrite the story of our nation.

‘We must legislate with boldness. We must press forward with reforms to steady our economy, draw investment, broaden the tax base, and nurture growth. We must strike hard at the enemies of ignorance and disease by strengthening education and healthcare. We must give the youths of Nigeria not only hope but opportunity.

‘We must revisit the Constitution – to make our federalism stronger, our governance more efficient, and our democracy more inclusive. Above all, we must wield our power of oversight with vigilance, so that the people’s money is spent for the people’s good.’