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“We are committed to inclusive economy,” says VP Shettima as Nigeria launches FG/ALAT Skillnnovation to empower 3million MSMEs

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Vice President, Kashim Shettima has said the the President Bola Tinubu led administration is committed to its promise for inclusive economic policies that would eneble every Nigerian to benefit from the nation’s commonwealth.

This is even as the administration on Friday, launched the Federal Government and ALAT Skillnovation Programme which aims to provide over three million Nigerians with essential digital skills required to succeed in the global economy.

Speaking during the launch of the programme at the Banquet Hall of the Presidential Villa, Abuja, on Friday, September 29, 2023, the Vice President, Sen. Kashim Shettima, described the Skillnovation as a “transformative initiative” that “ushers in a new era of digital empowerment for” Nigerians.

He said, “We are compelled to tread this path by the direction in which the world has headed, a world of disruptive technologies redefined by the fourth Industrial Revolution.

“This initiative is a response to the evolution of the modern business environment, an acknowledgment that digital skills have become the cornerstone of economic ease and expansion.”

The Vice President hinted that the gathering is one of the many to come and an occasion to reassure the nation that President Bola Ahmed Tinubu is fully committed to supporting small businesses across Nigeria.

The Skillnovation Programme will establish 15 state-of-the-art ICT centres, strategically placed across Nigeria, to provide individuals and businesses alike with access to cutting-edge digital training, resources, and support.

A statement by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communication (Office of the Vice President), had it that the first phase of the programme will focus on the states of Katsina, Anambra, Borno, Lagos, Oyo, and Kano, while the second phase will include Delta, Kaduna, Ogun, Bauchi, Kwara, and Ekiti States.

Giving an insight into how the country would benefit from the programme, Vice President said, “Nigeria, with its expanding MSME sector of close to 40 million, has the potential to lead business innovation beyond Africa. The Skillnovation Programme, therefore, aims to unlock this immense potential. The initiative is designed to provide the necessary tools and skills for our MSMEs to thrive and compete on the global stage.

“As you have witnessed, ladies and gentlemen, the Skillnovation Programme is not a mere promise; it is a resounding commitment to the Nigerian people,” the Vice President added. “It’s in pursuit of this administration’s resolve to empower our youth and MSMEs and to create a more inclusive and prosperous Nigeria. Today, we are translating that commitment into action, and we intend to be your allies in your race to take over the world through your enhanced skills.”

VP Shetimma also assured that nobody will be left out of the Skillnovation Programme, regardless of age, gender, or disability.

“There will be no disadvantaged demographic in accessing this opportunity. Our youth, women, and persons with disabilities have found friends and allies and will be favored in our proposed single-digit loan schemes for our valued MSMEs, for which talks are already ongoing with the Bank of Industry and other critical stakeholders and partners,” he stated.

The Skillnovation Programme is a significant step towards achieving the Federal Government’s vision of a digitally empowered and economically prosperous Nigeria. By providing MSMEs with the essential digital skills and support they need to succeed, the programme will help to create jobs, boost economic growth, and improve the lives of millions of Nigerians.

Earlier in his welcome address, the Senior Special Assistant to the President on Job Creation and MSMEs, Mr Temitola Adekunle-Johnson, emphasised the significance of partnership, noting that government alone cannot address the challenges confronting Nigerians.

On his part, Managing Director of Wema Bank, Mr Moruf Oseni, commended the passion of the President and Vice President for empowering young Nigerians, even as he announced the establishment of skills training centres across 17 states, beginning with Lagos and Borno.

He said the programme will directly impact 2 million youths and 1 million small businesses across the benefitting States.

The MD expressed optimism that the scheme will be impactful, particularly empowering young Nigerians and preparing them for the challenges of the future.

In his goodwill message, Minister of Communications and Digital Economy, Mr Bosun Tijjani, said President Tinubu administration’s will leverage the enthusiasm of youths in the technology space to launch Nigeria as a global power in sector.

He called on other private sectors to collaborate more with government to actualize the objectives of job creation.

On his part Governor Ahmad Aliyu of Sokoto State pledged the state government’s support for the success of the programme.

Also present at the event were the Ministers of Agriculture, Sen. Abubakar Kyari; Labour and Employment, Hon. Simon Lalong; Deputy Governors of Borno, Umar Kadafur; Kaduna, Hadiza Balarabe; Anambra, Onyeka Ibezim; Jigawa, Aminu Usman, and Heads of government agencies.

 

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FCT Minister sacks Revenue Service boss

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Myesom Wike, the Minister of the Federal Capital Territory, FCT, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, FCT-IRS, Mr Michael Ango, of his duties.

The announcement was contained in a statement late Friday by the minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka.

The statement added that the decision takes immediate effect.

Olayinka said the minister directed the most senior official of the FCT-IRS to immediately assume leadership of the agency

“The Minister of the Federal Capital Territory, Nyesom Wike, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, Mr Michael Ango,” he stated.

He added that “the most senior official of the FCT-IRS has been directed to take over the running of the revenue agency with immediate effect.”

The statement did not provide reasons for the removal.

 

 

 

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Speaker, 14 other River State assembly members decamp to APC

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15 members of the Rivers State House of Assembly, led by Speaker Martin Amaewhule, have left the Peoples Democratic Party, PDP, for the All Progressives Congress, APC.

Amaewhule disclosed the lawmakers’ decision during Friday’s plenary, attributing their defection to what he called a “clear division” within the PDP.

“Distinguished colleagues, very happily, let me announce that your Speaker has decided, and has indeed written to my ward chairman of my decision, to leave the PDP. APC is my new party,” Amaewhule said.

Amaewhule’s Deputy, Dumle Maol, is one of the 16 lawmakers that joined APC as well.

All the lawmakers, who have jumped ship, are core loyalists of the Minister of the Federal Capital Territory, FCT, Chief Nyesom Wike.

 

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CBN rolls out new directives to track financial fraud

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The Central Bank of Nigeria,has rolled out a new framework ito expedite handling of fraud accusations and refund victims.

Customers must report suspected fraudulent transactions within 72 hours under this draft guideline, and financial institutions have 16 working days to look into the matter and repay money.

The action comes in the wake of a dramatic increase in banking sector fraud.

According to data from the Financial Institutions Training Center, losses in the first quarter of 2025 increased to ₦3.29 billion, a startling 603 percent increase over the previous year. In the same time frame, reported cases also increased to 12,347.

The November 26, 2025, proposed regulations seek to improve bank accountability, expedite reimbursements, and boost prevention.

Director of the Financial Policy and Regulation Department Rita Sike signed the circular, which describes stricter regulations intended to prevent fraud before it occurs.

The apex bank’s ongoing fight against financial fraud has advanced with the adoption of this guidance. To enhance cooperation between operators, it established the Nigeria Electronic Fraud Forum in 2011.

It directed banks to establish specialized fraud bureaus four years later. By requiring BVN or NIN for account opening, it reinforced Know Your Customer checks in 2023.

 

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