[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1jsyhe5t9am4b":3,"$f1haha5ahsyuls":42,"$f3g2vfgazl5es6":87,"$f641gv5i4uxvz":139,"$f9gu6o9jcsxdi":244,"$f5btqexddoxme":1951},{"status_code":4,"message":5,"data":6},200,"List of Posts retrieve successfully",{"id":7,"createdAt":8,"updatedAt":9,"title":10,"excerpt":11,"content":12,"slug":13,"topic":14,"tags":19,"image":29,"author":30,"feed":31,"views":38,"type":39,"readTime":40,"externalSourceUrl":41},"98a5896b-8615-49d7-a9b8-65d60256e382","2026-10-10T00:50:00.631Z","2026-10-10T02:17:54.000Z","Solomon Adeola:Ogun Should Not Be State Where You Make Money and Spend It in Lagos","Senator Solomon Olamilekan Adeola, popularly known as Yayi, is the All Progressives Congress candidate for the 2027 Ogun State governorship election. Having served as senator representing Lagos West from 2015","\u003Cdiv style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" >\u003C\u002Fdiv>\n\u003Cp>Senator Solomon Olamilekan Adeola, popularly known as Yayi, is the All Progressives Congress candidate for the 2027 Ogun State governorship election. Having served as senator representing Lagos West from 2015 to 2023 and Ogun West since 2023, Adeola brings more than two decades of legislative experience to the race. He outlines his vision for industrialisation, infrastructure, job creation and inclusive growth, arguing that Ogun must retain more economic value from businesses operating within its borders. He also responds to the controversy over his indigeneship and change of name. \u003Cstrong>Wale Igbintade\u003C\u002Fstrong> brings the excerpts:\u003C\u002Fp>\n\n\n\n\u003Cp>A\u003Cem>\u003Cstrong>mid the controversy over your indigeneship and the allegations surrounding your change of name, what verifiable documents or official records are you prepared to make available to establish your claim that you are an indigene of Ogun State?”\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>Let me say this, I can’t be running for such an exalted office and I will not be confronted with these challenges. People who are doing this know they are doing it to discredit and destroy my person. There’s what is called investigative journalism. Where my father was buried is 30 minutes away from here (Ikeja), go and investigate. It is in Almosho, number 3, Ogunsola street, Alagutan, bus stop, in his house, that’s where he was buried. My mother was buried at Vaults and Gardens, Ikoyi, there. My grandmother, the mother of my mother, was buried at Ikeja, the burial ground is there. My great-grandfather was buried at Ishaga. So, how can I be running for a governor’s office, and I’ll be having such a big skeleton in my cupboard, and I’ll be comfortable? Having served The Guardian, and I resigned, I left, and somebody said, “He did change his name.” Yes, I did change of name, and I did it in The Guardian newspaper. I advertised it in The Guardian; I notified The Guardian newspaper of my change of name. They don’t understand, because they have nothing to fight with. So, they have to say something to discredit me, and I’m the candidate to beat. They can’t match me. I don’t want to join issues with them. They have nothing to offer. The know Yayi is from Ogun State. What they can do is to destroy Yayi, and those who are from Ogun State have responded, “Let him come from Afghanistan”. We will vote for him.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>Now, how did your political journey begin?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>My sojourn into politics has not been an easy road, but at least I managed to find my level. Because that was dated back to the June 12, 1993 struggle. Along the line, I lost my immediate younger brother to that riot, and that got me discouraged. I had to look for a way to step aside and make sure that I don’t get involved in politics again. I became very disheartened and decided to step aside and concentrate on my work. But God has a way of directing one’s path. It is something He destined you to do. In 2002, I found my way back into politics and contested for the position of member representing Alimosho Constituency in the Lagos State House of Assembly. I was there for eight years.\u003C\u002Fp>\n\n\n\n\u003Cp>Judging by my performance, I was encouraged to go to the Federal House of Representatives to represent Alimosho Federal Constituency, where I served for four years. Within those four years, I was able to convince my constituents and, by extension, the leadership of the state and the current President of the Federal Republic of Nigeria, my father, my leader and my mentor, that I was ripe enough to represent the Lagos West Senatorial District in the Senate. By God’s grace and with the support of my constituents, I represented Lagos West for eight years.  Before then, I knew that originally I was not from Lagos; I am from Ogun State. That was evident in all my documents and forms that I filled. There was no cause for doubt. I attempted to return home for the first time, but I met some resistance. Since things were working for me in Lagos, it was easy to return and contest the Senate seat there, which I did successfully. For the second time, I attempted to return home to contest for the governorship of Ogun State. That was also met with some resistance, and again I returned to the Senate from Lagos West. I am giving you this history so that you will understand how I eventually found myself in Ogun State.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong> What eventually brought you back to Ogun politics?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>For the third time, that was when God answered our prayer. When God opened the way and the political opportunity came, I was encouraged to return home. At a point, I was asked whether I would be interested in contesting for a Senate seat in Ogun State. I said yes. Initially, I did not want to run for the Senate again. My intention was to complete my two terms as a senator of the Federal Republic of Nigeria and then prepare myself for the governorship. But some people insisted that it was not possible to wait outside the political structure. They said I had to be in a position where I could remain politically relevant and then migrate from there to the governorship. It took me some time to deliberate on it. I never knew that it was the platform God wanted to use to elevate me to become governor of Ogun State. When I eventually decided to run for the Senate, I noticed that there was a lot of confusion and that several people were also showing interest. I did not realise initially that everybody was galvanising themselves around that platform as a possible route to the governorship in the future. I decided to throw my hat into the ring and, graciously, by the special grace of God, I got the ticket and won the election. By the end of that period, I had spent 12 years in the Senate of the Federal Republic of Nigeria and 24 years as an elected legislator, serving in both Lagos and Ogun states.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>What experience from your legislative career do you believe prepares you for the governorship?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>I have had the opportunity of getting to the zenith of the legislative body, which is the Senate. I also served in various capacities. In the Lagos State House of Assembly, I was Chairman of the Committee on Finance. In the House of Representatives, I was Chairman of the Committee on Public Accounts. That was while I was in the opposition party because, under the rules of the National Assembly, the opposition traditionally chairs the Public Accounts Committee. In the Senate, I was the pioneer Chairman of the Local Content Committee in the Ninth Senate. In the 10th Senate, I served as Chairman of the Finance Committee. With that experience, I believe I have what it takes to govern Ogun State and take it to the next level. Another important point is that my senatorial district has never produced a governor of Ogun State after 50 years of our existence. I believe that I have the experience and capacity required to provide leadership at this point in the state’s history. Today, I stand before you as the gubernatorial candidate of the APC in the February 6, 2027 governorship election.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>You have said your ambition is driven by a passion to serve. Why should Ogun people believe that?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>My quest to become governor of the state is not based on personal interest. It is not about enriching myself or occupying an exalted office simply to be called governor. It is driven by passion to serve. I want to serve the people for good. That is why I have chosen to engage the fourth estate of the realm and other opinion holders. There are a lot of issues in the political space. You read something about YAYI today, something about the opposition tomorrow, something about the governor the next day, and so on. But today, this gives you a first-hand, one-on-one interaction with the man called YAYI. I want you to hear directly from me what I intend to do for Ogun State.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>Your development agenda places considerable emphasis on continuity. What exactly do you mean by continuity?\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>I want to work with someone whose experience has brought about some level of advancement to Ogun State. I strongly feel that the next person in line should come to consolidate on the gains we have made in the last seven and a half years as a state.\u003C\u002Fp>\n\n\n\n\u003Cp>I make bold to say that, under the administration of Governor Dapo Abiodun, Ogun State has done exceedingly well. I can testify to that. Of course, people will ask: if the government has done well, why are there complaints about certain things? I understand that. No government can completely address all the challenges confronting a state within a limited period in office. Governance is about the seen and the unseen. The seen are the physical structures we see—the roads, hospitals, rail transport and other infrastructure. The unseen are the policies, economic foundations and other things that, when put together and properly implemented, eventually give birth to the visible development. Under Governor Abiodun, we have been able to establish a strong economic foundation. For example, we have the proposed $7 billion deep seaport project in Ogun State, with groundbreaking expected in November. If that project becomes fully operational in the next few years, you can imagine the multiplier effect it will have on the state’s economy. There is also the dry port at Kajola and the proposed rail connection from Apapa to Kajola. The biggest dairy farm in Nigeria is also coming up in my local government area, starting with about 5,000 cattle and eventually increasing to a minimum of 15,000 cattle to produce dairy products from Ogun State. A major furniture manufacturing company is also coming up. As we speak, Ogun State is the most industrialised state in Nigeria. When Governor Abiodun came on board, our internally generated revenue was less than N100 billion annually. Today, we are talking about around N300 billion a year. There has also been oil exploration activity. We may, in the near future, be referred to as an oil-producing state. All these things are part of the foundation that has been laid. My responsibility, if elected, will be to consolidate on these gains and ensure that the multiplier effects are properly harnessed for the benefit of the people.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>Does continuity mean you intend to continue everything the present administration is doing?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>No. I don’t want anybody to misconstrue what I mean by continuity. Continuity does not mean that I want to take everything this administration has planned or implemented and say that I must continue with it. There are areas I need to continue; I will continue them. There are areas I need to improve upon; I will improve them. There are areas I need to change; I will change them. I will introduce new ideas and new initiatives that will put Ogun State on the path of growth. The essence of continuity is that whatever this administration has achieved and needs to be taken forward will not be abandoned simply because there is a change of government. Many of the projects are still works in progress. A responsible government coming on board will consolidate and ensure that these projects come to fruition. That is what “ITESIWAJU” is about.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>What does ITESIWAJU mean in practical terms?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>ITESIWAJU is the framework for the kind of government I want to run. The “I” stands for Infrastructure. The “T” stands for Tourism and Culture. The “E” stands for Education and Environment. The “S” stands for Security and Law Enforcement. The second “I” stands for Inclusive Growth and Well-being. The “W” stands for Women and Youth Development. The “A” stands for Agriculture. The “J” stands for Job Creation and Industrialisation. The “U” stands for Urban Physical Planning and Environment. All these nine pillars are critical to Ogun State. None of them can be treated in isolation.\u003C\u002Fp>\n\n\n\n\u003Cp>When you talk about tourism and culture, for instance, you cannot compare Ogun with Lagos because we are more of a rural setting and our culture is well appreciated. There are many activities and festivals that take place in Ogun every year.\u003C\u002Fp>\n\n\n\n\u003Cp>The question is: Are we deriving the maximum economic benefit from them for the state and its people? That is an area we want to focus on. We want to turn our cultural and tourism assets into economic opportunities.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>Let us take infrastructure, which is the first pillar. What would be your priority?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>Infrastructure includes roads, rail, housing and transportation. On transport connectivity, we want to deal first and foremost with interstate connectivity, and subsequently intra-state connectivity. I want a situation where I can conveniently stay in a corner of my house in Ilaro, get to the bus terminal and take a vehicle straight to Abeokuta. From Abeokuta, I should be able to take another vehicle to Sagamu, from Sagamu to Ijebu and then back to other parts of the state. When you look at the geographical location of Ogun State, you will understand the challenge. Lagos is different. In Lagos, you can move from one part of the state to another within a relatively short period. In Ogun, you can spend two hours travelling to the next town. You can travel for one hour and 40 minutes to get to certain parts of the state. If you are coming from Ilaro, you can spend several hours getting to another part of Ogun. That is how dispersed Ogun State is geographically. So, we need to have an effective transport system that connects all these areas within the shortest possible time. The road network is one area in which a lot of people residing in Ogun are challenged. I don’t want to embark on any road project that will not lead us anywhere. Yes, there are roads that need to be fixed along the way, but we want to focus on roads that will unlock economic opportunities. For instance, from Ijoko in Ota, we can put in place a road that will lead straight to the Lagos-Ibadan Expressway, with three bridges and about one kilometre of road. You can imagine what that means to us as a state. Not only will we open up that corridor, but economic activities will spring up around it. You will not believe the impact that a single intervention of that nature can have. There are many other examples like that.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>What is your plan for Ogun’s border towns, particularly those adjoining Lagos?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>The border towns are another area of interest. Presently, Lagos has an upper hand in many of the border town areas. When you look at the Ojodu axis and some of the surrounding areas, you will see that there is a lot of development on the Lagos side. But on our own side of the divide, we are not competing effectively. If I intend to increase the value of the state and work on the economy of the state, I must work on the border towns. That is why I refer to urban development, physical planning and the environment. I can create a new Magodo in those border towns that belong to Ogun. The land is there. What is required is the development. It is possible. I intend to give attention to the border towns and ensure that Ogun gives Lagos a run for its money in terms of development. You can imagine travelling from the Lagos side towards Ogun. Once you approach the border and get to certain points, the standard of infrastructure changes. That has to change, and it has to change immediately.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cstrong> \u003Cem>You have used the condition of the Lagos-Ogun border to illustrate your environmental concerns. What would you do differently?\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp>If you are coming from the mainland in Lagos and travelling towards Ogun, you see a certain level of environmental cleanliness and organisation. You get to the Ogun side and, in some places, the picture changes. You see trailers parked along the road, people trading where they should not, and activities taking place that affect the environment and traffic. Under my watch, that will change. If there are businesses that need to operate there, they must do so in an organised manner. You cannot have trailers simply taking over the road. If there is a designated facility where a trailer can park and the operator is required to pay, then that is where the trailer should go. We must bring order to the environment. When the environment is clean, you are happy and more relaxed. When I was serving in Lagos, I could go to a hotel and relax. You could move around and feel comfortable. That is what we need to achieve in Ogun. If Lagos can maintain that level of cleanliness on its side of the same road, why can’t Ogun do the same? Some of us are committed to making sure that our state is clean, organised and better. I will declare a state of emergency on waste management and collection. I will also declare a state of emergency on environmental protection. The relevant agencies will have to sit up. For instance, as far as I know, we do not have an incinerator in Ogun State. We need to look at waste management comprehensively. Every government comes with its own area of focus. Governor Abiodun has done excellently well in laying a solid economic foundation for the state. My responsibility will be to consolidate on that foundation while focusing on other sectors that need attention. I want to reposition Ogun State not merely as a dumping ground for industries, but as a place where people want to invest and live.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong> You describe Ogun as the most industrialised state, but you have also raised concerns about how much revenue the state derives from that industrial base. What is the problem?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>Ogun is the most industrialised state, no doubt about it. But does that automatically translate into revenue for Ogun? The answer is no. The industries are here, but many of the companies have their headquarters or regional offices in Lagos. That means the executives and other workers are based in Lagos. Their salaries are paid in Lagos, and the taxes associated with those salaries are paid in Lagos. So, what is the benefit to Ogun? How do I intend to address it? Very simple: I am not asking for more. Bring the regional offices to Ogun State. If you want to operate a major industry in Ogun, bring your regional office here. By that singular action, you bring middle-level and senior workers to the state. They live here, spend money here and pay taxes here. I intend to create a central business district for industries that are willing to invest in Ogun, where the government can facilitate land for regional offices. If somebody approaches me and says he wants to invest in Ogun State, I will embrace that investment. But if the investment is substantial and the company is going to make its money in Ogun, I will encourage it to establish its headquarters or significant regional operations in the state. Ogun should not simply be a place where you make money and then spend it in Lagos. I believe a portion of that economic value belongs in Ogun, and we should devise legitimate ways of retaining it. The intention is to ensure that when you come and invest in Ogun, you also work here and live here. That is why I have put forward strategies to address the environment and housing.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>You have made a bold projection about Ogun’s economic potential. What is the basis for your optimism?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>In terms of GDP, Ogun State is already running an economy comparable to that of some countries. Our GDP is about $12 billion. We are ranked among the leading state economies in Nigeria, ahead of countries such as Togo and Sierra Leone in terms of the size of their economies. With the right kind of leadership, a focused government and determination, Ogun can move from about $12 billion to $20 billion and beyond. Imagine what that means for the people. All these things—industrialisation, the seaport, agriculture, mining, oil and gas exploration and other investments—can contribute to the expansion of the economy. That is why I believe that, with the right leadership, you can imagine what Ogun State will look like in the next eight years.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>Let us turn to job creation. How do you intend to ensure that Ogun’s expanding economy creates jobs for its people?\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>A lot of graduates are coming out of Ogun State without jobs. We must address that. I am not promising that government will employ everybody. But government can create an environment where jobs are created and can also recruit qualified people where there are genuine needs. If, for example, we recruit 50,000 people through a transparent and merit-based process, that alone would make a significant difference. Those who qualify should go through tests and the necessary processes. We also have to look at the number of industries coming into the state every day. People complain that Chinese and other foreign investors are taking over Ogun. I ask: what is the logic? The logic is that we need to ensure that our people participate in the opportunities created by those investments.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>Agriculture is another major component of your agenda. What is your vision for Ogun’s agricultural sector?\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>Ogun is an agricultural state. We feed other states. What I want to do is transform agriculture from basic production into agricultural transformation and food security. You will begin to see high-level mechanised farming. We have already seen tractors, planters and other agricultural equipment being provided to farmers. As governor, I will not call myself a farmer, but I will make sure that I run an all-round government that addresses every sector of the Ogun economy. We need to work with the private sector and create commodity exchanges. We need to become the off-taker from farmers. We need to establish processing zones. Let me give you an example from my town in Ilaro. There is a farmer who buys cocoa from many cocoa farmers. He has acquired a significant portion of the produce in the area. If one individual can identify the opportunity, imagine what the government can do with the right policy. We can connect with other cocoa-producing states and establish processing facilities. There can be what I would call a cocoa mall or processing centre where cocoa can be processed, preserved and prepared for the market. Once you preserve and process the product, you find a customer for it. We need to move beyond producing raw materials and selling them cheaply. We need to produce, process and market. We need to encourage our youths and people generally to go into agriculture. Government will not be the farmer. Government’s responsibility is to create the enabling environment. We need to encourage young farmers, provide quality loans and empower them. If somebody is encouraged to become a farmer and knows that, at harvest, government or an organised market is ready to buy the produce and pay promptly, that person will be willing to farm. It is not enough to tell people to go into agriculture. They need access to land, finance, equipment, processing and markets. That is the complete value chain.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>Security is another pillar of your agenda. What is your approach?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>I believe security is everybody’s responsibility. We need to bring industries and captains of industry into the security conversation. When I was serving as a member of the Lagos State House of Assembly, there was a move to establish a security trust fund. How do we fund it? You bring together the industries and captains of industry and say: come, this is a security trust fund. You are going to be represented in its management because we want you to see exactly what we are doing. We are not necessarily asking you for cash. We can ask industries what equipment they can provide to support security—communication gadgets, security equipment, vehicles and other necessary items. There should be transparency and accountability in the process.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>You also mentioned using revenue from gaming and lottery. How would that work?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>There is a gaming and lottery industry that generates significant economic activity. In Lagos, for instance, the state established a framework for regulating the industry. Everybody involved in gaming and betting should register with the state. Once you regulate the sector properly, part of the revenue can be directed into the security trust fund. If thousands of people participate in betting, the industry generates significant revenue. The state can legitimately collect the appropriate taxes and levies and channel part of the proceeds towards public safety. That is one of the ways I intend to support security.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>You have also expressed support for state police. Why?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>I am in support of state police. Nobody understands the environment better than the people who live there. Local security management requires knowledge of the terrain, the communities and the people. That is why I support state police. I am also happy that the President is in full support of state police and that the constitutional process for establishing it is being considered. Once state police is established, it will give the state greater control over security management. For me, that is part of true federalism.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>What about the welfare and motivation of security personnel?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>We must encourage our law enforcement personnel. It is not easy. They work under difficult circumstances and put their lives at risk. We must ensure that they have the equipment, communication systems, welfare and support required to perform their duties. \u003C\u002Fp>\n\n\n\n\u003Cp>Security is not just about giving orders. It is about giving personnel the tools and motivation to do the job.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>Your ITESIWAJU framework also speaks about inclusive growth and well-being. What does that mean to you?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>Development must ultimately improve the lives of the people. It is not enough to say that Ogun is industrialised or that GDP is growing. The question is: what is the benefit to the ordinary citizen? If the economy grows, people should have jobs. If industries come, local businesses should benefit. If infrastructure is developed, people should have better access to markets and services. That is what inclusive growth means to me. We must ensure that economic development reaches ordinary citizens and is not concentrated in the hands of a few.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>How do women and young people fit into your development agenda?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>Women and youths are critical to the development of Ogun State. We need to create opportunities for them to acquire skills, start businesses, enter agriculture, participate in industry and benefit from the digital and creative economy. The government should create vocational training centres and other platforms where young people can acquire practical skills.\u003C\u002Fp>\n\n\n\n\u003Cp>We should not have a situation where a young person finishes school without any employable skill. If someone is trained in catering, machine operations, technology, agriculture or another vocational area, the government should create opportunities for that person to practice and earn a living.\u003C\u002Fp>\n\n\n\n\u003Cp>Government programmes and events should also patronise people who have been trained through such programmes. That is how empowerment becomes sustainable.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cem>\u003Cstrong>Finally, what kind of government should Ogun people expect if you are elected?\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp>They should expect a government that is focused, inclusive and determined to move the state forward. I have said repeatedly that I will continue what needs to be continued, improve what needs to be improved, change what needs to be changed and introduce new ideas where necessary. I do not want a government that sits in an office and is surrounded by sycophants. I want to remain connected to the people. I want to be on the road and understand what is happening in the communities.\u003C\u002Fp>\n\n\n\n\u003Cp>At the end of every day, there must be an opportunity to review what has happened, what has been achieved and what needs attention. Leadership is about constant assessment. Ogun has enormous potential. We have the land, the industrial base, the agricultural capacity, the human resources and the strategic location. What we need is focused leadership that can bring all these advantages together.\u003C\u002Fp>\n\n\n\n\u003Cp>My ambition is not simply to become governor. It is to use the opportunity to build on what is working, correct what is not working and create new opportunities for the people. That is the meaning of ITESIWAJU. Ogun must move forward.\u003C\u002Fp>\n","solomon-adeolaogun-should-not-be-state-where-you-make-money-and-spend-it-in-lagos",{"id":15,"createdAt":16,"updatedAt":16,"name":17,"slug":18},"0322edfd-6076-4899-bb22-066cd4f5f73d","2026-06-30T13:41:37.119Z","Banking","banking",[20,21,22,23,24,25,26,27,28],"solomon","adeolaogun","state","where","you","make","money","spend","lagos","https:\u002F\u002Fglobal.ariseplay.com\u002Famg\u002Fwww.thisdaylive.com\u002Fuploads\u002FSolomon-Adeola-2.jpg",null,{"id":32,"createdAt":33,"updatedAt":34,"name":35,"image":36,"slug":37},"676b27a5-8a43-458d-91ba-45c07367106b","2026-03-26T09:35:16.600Z","2026-08-13T13:04:20.834Z","This Day","https:\u002F\u002Fcdn.oneclickafrica.com\u002Ffeed\u002F9fa91fe1-7788-42ef-8d40-5d5ef6e5261e.png","this-day",3,"article",24,"https:\u002F\u002Fwww.thisdaylive.com\u002F2026\u002F10\u002F10\u002Fsolomon-adeolaogun-should-not-be-state-where-you-make-money-and-spend-it-in-lagos\u002F",{"status_code":4,"message":43,"data":44},"Top 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Disburses N1.48 Billion to 10,312 Depositors of Failed Microfinance Banks","• MD says service excellence, technology, stronger processes central to depositor protection Deji Elumoye in Abuja Managing Director\u002FChief Executive, Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, yesterday disclosed","\u003Cdiv style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" >\u003C\u002Fdiv>\n\u003Cp>\u003Cstrong>\u003Cem>• MD says service excellence, technology, stronger processes central to depositor protection\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp>Deji Elumoye in Abuja\u003Cbr>\u003Cbr>\u003C\u002Fp>\n\n\n\n\u003Cp>Managing Director\u002FChief Executive, Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, yesterday disclosed it has paid N1.48 billion to 10,312 depositors of 47 recently closed microfinance banks (MFBs).\u003C\u002Fp>\n\n\n\n\u003Cp>He said payment, which had been made as of July 31, 2026, covered depositors of the 47 failed MFBs following the revocation of their operating licences by the Central Bank of Nigeria (CBN).\u003C\u002Fp>\n\n\n\n\u003Cp>He spoke at the 2026 Customer Service Week celebration in Abuja, with the theme, “The Extra Mile” which was hosted at the NDIC headquarters in Abuja.\u003C\u002Fp>\n\n\n\n\u003Cp>Sunday said the payout was facilitated by the deployment of Bank Verification Number (BVN) validation through the Nigeria Inter-Bank Settlement System (NIBSS) to identify affected depositors and locate their alternative accounts in other banks, enabling payments without the cumbersome processes traditionally associated with claims.\u003C\u002Fp>\n\n\n\n\u003Cp>According to him, the corporation’s responsibility went beyond policies and procedures, stressing that the quality of its engagement with depositors and other stakeholders was equally critical to sustaining confidence in the financial system.\u003C\u002Fp>\n\n\n\n\u003Cp>He said NDIC’s role was ultimately about ensuring that individuals and businesses could continue to have confidence in financial institutions to safeguard their funds, facilitate transactions and support investment and economic activity.\u003C\u002Fp>\n\n\n\n\u003Cp>He said, “The importance of our role extends beyond the banking sector as a stable and dependable financial system is essential to the health of the wider economy.”\u003C\u002Fp>\n\n\n\n\u003Cp>The NDIC boss said the corporation had therefore embraced the concept of going the extra mile by continuously reviewing its processes and adopting technology to improve the experience of depositors and other stakeholders.\u003C\u002Fp>\n\n\n\n\u003Cp>He identified the recent NDIC ASCENDS restructuring programme as one of the initiatives designed to strengthen the corporation’s structures, improve processes, enhance collaboration and leverage technology and data to make its operations more efficient and responsive.\u003C\u002Fp>\n\n\n\n\u003Cp>The NDIC chief executive also disclosed it had undertaken a comprehensive review of its strategic plan, resulting in a refreshed mission, strategic themes, objectives and initiatives, as well as a new set of core values captured in the acronym EPIIC — Excellence, Professionalism, Integrity, Innovation and Collaboration.\u003C\u002Fp>\n\n\n\n\u003Cp>He said the initiatives were intended to provide both a roadmap and cultural foundation for the corporation to deliver its mandate more effectively.\u003C\u002Fp>\n\n\n\n\u003Cp>Sunday stressed that customer service should not be regarded as the responsibility of a particular department, insisting that every employee of the Corporation was a service provider.\u003C\u002Fp>\n\n\n\n\u003Cp>He said, “Whether we interact directly with depositors, stakeholders and the public, or provide support to colleagues within the corporation, our actions contribute to the experience people have with the Corporation.”\u003C\u002Fp>\n\n\n\n\u003Cp>He added that NDIC’s recent efforts to accelerate payments to depositors of failed financial institutions demonstrated the practical meaning of its commitment to service excellence.\u003C\u002Fp>\n\n\n\n\u003Cp>The NDIC had in recent years increasingly relied on digital infrastructure to speed up reimbursement following bank failures.\u003C\u002Fp>\n\n\n\n\u003Cp>Its current approach involves using BVN and NIBSS infrastructure to identify depositors and automatically credit verified alternative accounts, while depositors without the required digital linkages are required to complete verification and claims processes.\u003C\u002Fp>\n\n\n\n\u003Cp>The corporation had also continued to pay uninsured deposits through liquidation dividends, using proceeds from the recovery of debts and the realisation of assets of failed institutions.\u003C\u002Fp>\n\n\n\n\u003Cp>For Heritage Bank, which was closed in June 2024, the NDIC reported that it had paid N54.23 billion to 715,529 insured depositors as of July 31, 2026, while continuing efforts to resolve outstanding claims.\u003C\u002Fp>\n\n\n\n\u003Cp>It had also declared over N71.27 billion in liquidation dividends for uninsured depositors from recoveries and asset realisation.\u003C\u002Fp>\n\n\n\n\u003Cp>Sunday said the corporation’s broader objective was to ensure that service excellence became embedded in its daily operations rather than being limited to the annual Customer Service Week.\u003C\u002Fp>\n\n\n\n\u003Cp>He urged staff to demonstrate professionalism, responsiveness, empathy, integrity, accountability and excellence in their dealings with depositors and other stakeholders.\u003C\u002Fp>\n\n\n\n\u003Cp>He said the week should serve as an opportunity for staff to learn, exchange ideas and develop innovative approaches to raising service standards across the corporation.\u003C\u002Fp>\n\n\n\n\u003Cp>“Service excellence is not a one-week activity,” he said, stressing that the commitment must continue in every department, zone, unit and office and at every level of the organisation.\u003C\u002Fp>\n\n\n\n\u003Cp>The NDIC boss said the corporation remained committed to improving its capacity to protect depositors and preserve confidence in the banking system, adding that its staff remained central to achieving those objectives.\u003C\u002Fp>\n\n\n\n\u003Cp>He said the combination of stronger structures, improved processes, technology and a service-oriented workforce would enable the corporation to respond more effectively whenever financial institutions fail.\u003C\u002Fp>\n","ndic-disburses-n148-billion-to-10312-depositors-of-failed-microfinance-banks",{"id":15,"createdAt":16,"updatedAt":16,"name":17,"slug":18},[151,152,153,154,155,156,157,158,159],"ndic","disburses","n148","billion","10312","depositors","failed","microfinance","banks","https:\u002F\u002Fglobal.ariseplay.com\u002Famg\u002Fwww.thisdaylive.com\u002Fuploads\u002FNDIC.jpg",{"id":32,"createdAt":33,"updatedAt":34,"name":35,"image":36,"slug":37},17,4,"https:\u002F\u002Fwww.thisdaylive.com\u002F2026\u002F10\u002F09\u002Fndic-disburses-n1-48-billion-to-10312-depositors-of-failed-microfinance-banks\u002F",{"id":166,"createdAt":167,"updatedAt":168,"title":169,"excerpt":170,"content":171,"slug":172,"topic":173,"tags":174,"image":184,"author":30,"feed":185,"views":162,"type":39,"readTime":192,"externalSourceUrl":193},"ef6141c3-e72d-4d03-8a19-5c8038a812ac","2026-10-09T06:30:02.217Z","2026-10-09T13:29:25.000Z","Nigerian states’ revenues rise 93%, but education spending drops — World Bank","The World Bank reports that Nigerian states’ revenues rose by 93% between 2023 and 2025, but the share of expenditure on education declined.\n\nRead More: https:\u002F\u002Fpunchng.com\u002Fnigerian-states-revenues-rise-93-but-education-spending-drops-world-bank\u002F","\n\nThe World Bank reports that Nigerian states’ revenues rose by 93% between 2023 and 2025, but the share of expenditure on education declined.\n\nRead More: https:\u002F\u002Fpunchng.com\u002Fnigerian-states-revenues-rise-93-but-education-spending-drops-world-bank\u002F","nigerian-states-revenues-rise-93percent-but-education-spending-drops-world-bank",{"id":15,"createdAt":16,"updatedAt":16,"name":17,"slug":18},[175,176,177,178,179,180,181,182,183],"nigerian","states","revenues","rise","education","spending","drops","world","bank","https:\u002F\u002Fpunchng.com\u002Fwp-content\u002Fuploads\u002F2026\u002F06\u002FWorld-Bank-1024x570-1.webp",{"id":186,"createdAt":187,"updatedAt":188,"name":189,"image":190,"slug":191},"ade0b341-0401-468c-a175-895514f214f9","2026-03-25T12:04:21.064Z","2026-08-13T13:05:50.352Z","Punch 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class=\"sharethis-inline-share-buttons\" >\u003C\u002Fdiv>\n\u003Cp>\u003Cstrong>\u003Cem>• Says reforms create unique opportunity to upgrade infrastructure, education, healthcare, water \u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cstrong>\u003Cem>•Oyedele says economic growth not yet inclusive\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp>Ndubuisi Francis and James Emejo in Abuja\u003Cbr>\u003Cbr>\u003C\u002Fp>\n\n\n\n\u003Cp>The World Bank, yesterday, tasked state governments to convert the substantial fiscal space created by recent economic reforms into better jobs, public services, and living standards.\u003C\u002Fp>\n\n\n\n\u003Cp>The bank said increased revenues would have limited development impact if not matched by more efficient and accountable spending.\u003C\u002Fp>\n\n\n\n\u003Cp>World Bank Country Director for Nigeria, Mathew Verghis, gave the charge in Abuja while presenting the latest Nigeria Development Update (NDU), titled, “Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities.”\u003C\u002Fp>\n\n\n\n\u003Cp>Verghis said the reforms had substantially increased fiscal revenues available to states, creating a “unique opportunity” to expand critical economic and social infrastructure.\u003C\u002Fp>\n\n\n\n\u003Cp>He stated, “The bold macroeconomic reforms have substantially increased fiscal revenues at the state level, providing a unique opportunity to improve infrastructure, education, healthcare, and water services, which are critical to creating more and better jobs.\u003C\u002Fp>\n\n\n\n\u003Cp>“Strengthening spending efficiency, accountability, and service delivery will be essential to ensuring that public resources improve the lives of Nigerians.”\u003C\u002Fp>\n\n\n\n\u003Cp>According to the update, gross federation revenues increased by 69 per cent in real terms between 2023 and 2025, while state revenues rose by about 93 per cent over the same period. State expenditure also increased by about 92 per cent.\u003C\u002Fp>\n\n\n\n\u003Cp>But the surge in resources had so far been channelled more aggressively into economic infrastructure and fiscal consolidation than human-capital development.\u003C\u002Fp>\n\n\n\n\u003Cp>World Bank said the share of capital expenditure in total state spending rose from 46 per cent to 61 per cent between 2023 and 2025, with transport infrastructure recording the largest increase.\u003C\u002Fp>\n\n\n\n\u003Cp>Presenting the report, World Bank Chief Economist for Nigeria, Dr. Fiseha Haile, said spending priorities had shifted towards economic infrastructure in 29 of the 33 states for which data were available.\u003C\u002Fp>\n\n\n\n\u003Cp>“Transport, particularly road infrastructure, experienced the largest increase in spending across more than 30 states out of the 35 states for which we have data,” Haile said.\u003C\u002Fp>\n\n\n\n\u003Cp>While spending on health, education and social protection also increased in absolute terms, they expanded more slowly than economic infrastructure, the report said.\u003C\u002Fp>\n\n\n\n\u003Cp>The share of education in total state expenditure consequently declined from 14.9 per cent in 2021 to 12.1 per cent in 2025, while health spending remained broadly stable at seven per cent.\u003C\u002Fp>\n\n\n\n\u003Cp>Social protection performed better, with its share rising from 1.4 per cent to 4.4 per cent.\u003C\u002Fp>\n\n\n\n\u003Cp>World Bank said the pattern underscored the need for states to use their improved fiscal positions to strengthen human capital and service delivery, particularly if Nigeria was to translate economic growth into sustained poverty reduction and employment.\u003C\u002Fp>\n\n\n\n\u003Cp>21 States Cut Debt Burden\u003C\u002Fp>\n\n\n\n\u003Cp>Beyond infrastructure spending, higher revenues also strengthened state balance sheets.\u003C\u002Fp>\n\n\n\n\u003Cp>The report disclosed that 21 states significantly reduced their debt-to-GDP ratios between 2021 and 2025, supported largely by stronger federation transfers.\u003C\u002Fp>\n\n\n\n\u003Cp>However, Haile cautioned that the aggregate improvement concealed substantial differences among states, with some recording strong fiscal surpluses while others posted deficits, as expenditure outpaced revenues.\u003C\u002Fp>\n\n\n\n\u003Cp>He said the policy challenge was no longer simply to increase revenues but to ensure that the additional fiscal space generated measurable development outcomes.\u003C\u002Fp>\n\n\n\n\u003Cp>States also recorded progress in internally generated revenue, with about 14 states posting increases of more than 50 per cent. Enugu, Abia and Osun were among the leading performers.\u003C\u002Fp>\n\n\n\n\u003Cp>The bank urged states to deepen domestic revenue mobilisation, particularly through personal income and property taxation, in order to reduce exposure to volatile federation transfers.\u003C\u002Fp>\n\n\n\n\u003Cp>It also noticed significant improvements in fiscal transparency, with nearly all states now publishing budgets, quarterly budget implementation reports, audited financial statements, and debt reports.\u003C\u002Fp>\n\n\n\n\u003Cp>Haile said the next challenge was to translate improved fiscal information into better spending decisions.\u003C\u002Fp>\n\n\n\n\u003Cp>“Building on these significant gains, the next step is to strengthen fiscal institutions to turn better information and improved fiscal data into better results,” he said.\u003C\u002Fp>\n\n\n\n\u003Cp>He identified persistent weaknesses in the alignment between budgeted and actual capital expenditure, cash and commitment controls, public investment management and fragmented financial management systems.\u003C\u002Fp>\n\n\n\n\u003Cp>The bank called for stronger own-source revenue mobilisation, credible budgeting, improved public investment management, and closer alignment between expenditure and development priorities.\u003C\u002Fp>\n\n\n\n\u003Cp>It urged stronger federal-state fiscal coordination to reward reforming states, improve resource utilisation, and reduce exposure to revenue volatility.\u003C\u002Fp>\n\n\n\n\u003Cp>At the broader economic level, World Bank said the Nigerian economy remained resilient in the face of renewed global shocks, with real GDP expanding by 4.2 per cent in the first half of 2026, compared with 3.9 per cent and 3.5 per cent in the corresponding periods of 2025 and 2024, respectively.\u003C\u002Fp>\n\n\n\n\u003Cp>The bank said the expansion was driven largely by services, alongside stronger contribution from agriculture.\u003C\u002Fp>\n\n\n\n\u003Cp>It added that the improvement in growth had stabilised the poverty rate for the first time since 2019.\u003C\u002Fp>\n\n\n\n\u003Cp>The Middle East conflict, however, produced mixed effects on the economy.\u003C\u002Fp>\n\n\n\n\u003Cp>Higher oil prices boosted export earnings and helped expand the current account surplus to $12 billion, equivalent to 7.1 per cent of GDP, in the first half of 2026, from $8.6 billion or 6.7 per cent of GDP a year earlier.\u003C\u002Fp>\n\n\n\n\u003Cp>Gross external reserves also rose above $55 billion in September, supported significantly by foreign portfolio inflows, while reforms continued to improve the functioning of the foreign exchange market.\u003C\u002Fp>\n\n\n\n\u003Cp>Haile said the premium between the parallel and official foreign exchange markets had remained marginal at less than two to three per cent for an extended period.\u003C\u002Fp>\n\n\n\n\u003Cp>Infrastructure Spending Rises Faster Than Social Sectors\u003C\u002Fp>\n\n\n\n\u003Cp>The report examined how higher public revenues were changing state finances between 2023 and 2025. It stated that gross federation revenues increased by 69 per cent in real terms over the period, driven largely by exchange-rate reforms, the removal of the petrol subsidy, and stronger revenue administration, with states receiving the biggest boost through higher statutory allocations, refunds, intervention funds and stronger VAT collections.\u003C\u002Fp>\n\n\n\n\u003Cp>As aggregate state revenues rose by about 93 per cent rose in real terms between 2023 and 2025, the World Bank report said expenditures increased by about 92 per cent.\u003C\u002Fp>\n\n\n\n\u003Cp>Capital spending expanded and its share of total expenditure climbed to 61 per cent, from 46 per cent, led by transport infrastructure as well as higher spending on housing, agriculture, and other growth-related investments.\u003C\u002Fp>\n\n\n\n\u003Cp>Spending on health, education and social protection also increases, but at a slower pace than economic infrastructure. Education’s share of total expenditure falls to 12.1 per in 2025 from 14.9 per cent in 2021, health spending stays broadly stable at around 7 per cent, and social protection’s share rises to 4.4 per cent. from 1.4 per cent.\u003C\u002Fp>\n\n\n\n\u003Cp>Inflation Still Weighs on Households\u003C\u002Fp>\n\n\n\n\u003Cp>Despite the improved external position, inflation remained a major constraint on household welfare and business activity.\u003C\u002Fp>\n\n\n\n\u003Cp>World Bank said headline inflation had fallen sharply from 27.6 per cent in January 2025 to 15.2 per cent in December 2025, supported by tight monetary policy and reduced exchange-rate volatility.\u003C\u002Fp>\n\n\n\n\u003Cp>However, higher fuel prices following the Middle East conflict, coupled with lean-season food pressures, had slowed the disinflation process.\u003C\u002Fp>\n\n\n\n\u003Cp>Haile said higher energy costs were feeding into food and transportation prices while raising production costs for businesses and financing pressures for governments.\u003C\u002Fp>\n\n\n\n\u003Cp>He stated that Nigeria’s inflation remained high compared with several peer economies, citing Ghana’s decline from above 50 per cent in 2023 to about five per cent by August 2026.\u003C\u002Fp>\n\n\n\n\u003Cp>Fiscal Gains Face Election-year Test\u003C\u002Fp>\n\n\n\n\u003Cp>World Bank also reported an improvement in Nigeria’s fiscal position during the first half of 2026.\u003C\u002Fp>\n\n\n\n\u003Cp>The federal fiscal deficit narrowed from five per cent to four per cent of GDP, while the aggregate fiscal surplus of states increased from 0.7 per cent to 0.9 per cent of GDP, reflecting stronger federation transfers.\u003C\u002Fp>\n\n\n\n\u003Cp>The public debt-to-GDP ratio consequently declined from about 40 per cent in 2025 to an estimated 38 per cent in 2026.\u003C\u002Fp>\n\n\n\n\u003Cp>However, Haile warned that spending pressures could intensify in the second half of the year due to faster project execution, development expenditure, and election-related spending.\u003C\u002Fp>\n\n\n\n\u003Cp>He identified the Middle East conflict, possible global monetary tightening and El Niño-related shocks as key downside risks.\u003C\u002Fp>\n\n\n\n\u003Cp>World Bank projected average economic growth of 4.4 per cent between 2026 and 2028, while inflation was expected to decline gradually to about 12 per cent by 2028.\u003C\u002Fp>\n\n\n\n\u003Cp>Haile stressed, however, that growth alone would not be enough, stating that jobs, particularly better-quality jobs, should remain the “North Star” of Nigeria’s reform agenda.\u003C\u002Fp>\n\n\n\n\u003Cp>He called for sustained macroeconomic stability, increased investment in energy and human capital, improved regulation, stronger market competition and greater mobilisation of public and private capital.\u003C\u002Fp>\n\n\n\n\u003Cp>Haile said Nigeria’s experience over the past three years had demonstrated that difficult reforms were possible.\u003C\u002Fp>\n\n\n\n\u003Cp>“The task going ahead is to carry the same level of ambition into the structural reforms,” he said.\u003C\u002Fp>\n\n\n\n\u003Cp>Essentially, the report disclosed that the country’s revenue reforms had delivered a substantial fiscal windfall to state governments, stating, however, that the bulk of additional resources has been channelled into economic infrastructure and debt reduction rather than a commensurate expansion of education and other human-capital investments.\u003C\u002Fp>\n\n\n\n\u003Cp>The report stressed that state revenue windfall, occasioned by fuel subsidy removal, among other reforms, had triggered a major reallocation of spending towards economic infrastructure, while human-capital spending had not kept pace.\u003C\u002Fp>\n\n\n\n\u003Cp>Haile said transport spending, particularly road infrastructure, accounted for the sharpest increase, rising from 13 per cent of total state expenditure to about 27 per cent in 2025.\u003C\u002Fp>\n\n\n\n\u003Cp>“Transport, particularly road infrastructure, experienced the largest increase in spending across more than 30 states out of the 35 states for which we have data,” Haile said.\u003C\u002Fp>\n\n\n\n\u003Cp>The shift followed a 69 per cent increase in gross federation revenues in real terms between 2023 and 2025, driven largely by the removal of the petrol subsidy, foreign exchange reforms, and stronger revenue administration.\u003C\u002Fp>\n\n\n\n\u003Cp>States benefited from higher statutory transfers, improved VAT collections, refunds, intervention funds, and the settlement of longstanding federal obligations.\u003C\u002Fp>\n\n\n\n\u003Cp>However, World Bank warned that the increase in public resources had yet to translate fully into stronger human-capital outcomes.\u003C\u002Fp>\n\n\n\n\u003Cp>According to the report, although state capital expenditure increased significantly, the share of education in total expenditure fell from 14.9 per cent in 2021 to 12.1 per cent in 2025.\u003C\u002Fp>\n\n\n\n\u003Cp>Health expenditure remained broadly stable at seven per cent, while social protection increased from 1.4 per cent to 4.4 per cent.\u003C\u002Fp>\n\n\n\n\u003Cp>The bank said the spending pattern presented both an achievement and a policy challenge, particularly as Nigeria sought to convert economic recovery into sustained poverty reduction and job creation.\u003C\u002Fp>\n\n\n\n\u003Cp>Oyedele Says Per Capita Income Has Grown by About 15 Per Cent\u003C\u002Fp>\n\n\n\n\u003Cp>In a panel discussion, Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, stated that reforms had helped stabilise the economy and put it on a path to faster growth.\u003C\u002Fp>\n\n\n\n\u003Cp>Oyedele said Nigeria’s economy was growing faster than its population, adding that with better navigation, inclusive growth was foreseeable.\u003C\u002Fp>\n\n\n\n\u003Cp>He added that with the trend, if sustained, poverty reduction would be achieved.\u003C\u002Fp>\n\n\n\n\u003Cp>He, however, pointed out that Nigeria’s improving economic indicators were not a sign of full recovery.\u003C\u002Fp>\n\n\n\n\u003Cp>The minister said the government recognised the improvement in key economic indicators but insisted that the real test was whether stronger growth would translate into jobs, higher incomes, and improved living standards.\u003C\u002Fp>\n\n\n\n\u003Cp>The minister said, “The fact that the economy is growing does not mean that we have arrived. We must avoid complacency.”\u003C\u002Fp>\n\n\n\n\u003Cp>While insisting that stability was the foundation and not the destination, he stressed the need for Nigerians to allow ongoing reforms to establish a stronger economic foundation.\u003C\u002Fp>\n\n\n\n\u003Cp>He said the government was targeting growth that would have a direct impact on Nigerians rather than simply pursuing higher headline growth figures.\u003C\u002Fp>\n\n\n\n\u003Cp>Oyedele said, “We want growth, but not growth for the sake of it. We want growth that creates jobs.”\u003C\u002Fp>\n\n\n\n\u003Cp>The minister also pointed to rising government revenue relative to population growth as an indication of improvement in Nigeria’s per capita income, saying per capita income has grown by about 15 per cent in 2026.\u003C\u002Fp>\n","world-bank-urges-states-to-prioritise-better-jobs-human-capital-services-amid-93percent-revenue-rise",{"id":15,"createdAt":16,"updatedAt":16,"name":17,"slug":18},[182,183,204,176,205,206,207,208,209,210,211,212,178],"urges","prioritise","better","jobs","human","capital","services","amid","revenue","https:\u002F\u002Fglobal.ariseplay.com\u002Famg\u002Fwww.thisdaylive.com\u002Fuploads\u002FWorld-Bank-1.avif",{"id":32,"createdAt":33,"updatedAt":34,"name":35,"image":36,"slug":37},15,10,"https:\u002F\u002Fwww.thisdaylive.com\u002F2026\u002F10\u002F09\u002Fworld-bank-urges-states-to-prioritise-better-jobs-human-capital-services-amid-93-revenue-rise\u002F",{"id":219,"createdAt":220,"updatedAt":221,"title":222,"excerpt":223,"content":224,"slug":225,"topic":226,"tags":227,"image":235,"author":30,"feed":236,"views":216,"type":39,"readTime":192,"externalSourceUrl":243},"13f58fdb-8be8-4e43-abeb-710eef499403","2026-10-09T14:50:01.032Z","2026-10-09T18:35:52.000Z","Airtel Money commences conditional trading on London Stock Exchange","“The commencement of unconditional dealings in the Airtel Money shares on the London Stock Exchange is expected to occur at 8.00 a.m. on 14 October 2026,” Airtel Africa stated.\nThe post Airtel Money commences conditional trading on London Stock Exchange appeared first on Premium Times Nigeria.","\u003Cimg width=\"1080\" height=\"750\" src=\"https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F10\u002FUntitled-design-49.jpg?fit=1080%2C750&ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Airtel Money\" style=\"display: block; margin: auto; margin-bottom: 5px;max-width: 100%;\" link_thumbnail=\"\" decoding=\"async\" srcset=\"https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F10\u002FUntitled-design-49.jpg?w=1080&ssl=1 1080w, https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F10\u002FUntitled-design-49.jpg?resize=503%2C349&ssl=1 503w, https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F10\u002FUntitled-design-49.jpg?resize=768%2C533&ssl=1 768w, https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F10\u002FUntitled-design-49.jpg?resize=750%2C521&ssl=1 750w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \u002F>\u003Cp>“The commencement of unconditional dealings in the Airtel Money shares on the London Stock Exchange is expected to occur at 8.00 a.m. on 14 October 2026,” Airtel Africa stated.\u003C\u002Fp>\n\u003Cp>The post \u003Ca href=\"https:\u002F\u002Fwww.premiumtimesng.com\u002Fbusiness\u002Fbusiness-news\u002F915675-airtel-money-commences-conditional-trading-on-london-stock-exchange.html\">Airtel Money commences conditional trading on London Stock Exchange\u003C\u002Fa> appeared first on \u003Ca href=\"https:\u002F\u002Fwww.premiumtimesng.com\">Premium Times Nigeria\u003C\u002Fa>.\u003C\u002Fp>\n","airtel-money-commences-conditional-trading-on-london-stock-exchange",{"id":15,"createdAt":16,"updatedAt":16,"name":17,"slug":18},[228,26,229,230,231,232,233,234],"airtel","commences","conditional","trading","london","stock","exchange","https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F10\u002FUntitled-design-49.jpg?fit=1080%2C750&ssl=1",{"id":237,"createdAt":238,"updatedAt":239,"name":240,"image":241,"slug":242},"82956691-2abe-4af9-a899-8e05365755d0","2026-03-25T11:53:52.744Z","2026-08-13T13:04:48.079Z","Premium TImes","https:\u002F\u002Fcdn.oneclickafrica.com\u002Ffeed\u002Fe87505b6-faaa-44e3-b31e-8a5481a8e8fd.webp","premium-times","https:\u002F\u002Fwww.premiumtimesng.com\u002Fbusiness\u002Fbusiness-news\u002F915675-airtel-money-commences-conditional-trading-on-london-stock-exchange.html",{"status_code":4,"message":43,"data":245},[246,330,342,724,776,788,827,989,1421,1532,1614,1628,1654,1660,1679,1706,1731,1738,1752,1759,1767,1774,1799,1806,1813,1832,1885],{"id":64,"createdAt":65,"updatedAt":66,"name":67,"slug":68,"children":247},[248,254,261,268,299,305,311,318,324],{"id":249,"createdAt":250,"updatedAt":250,"name":251,"slug":252,"children":253},"22aa138b-f7a2-422a-826b-c6643d15c06a","2026-07-06T17:22:39.680Z","Hollywood","hollywood",[],{"id":255,"createdAt":256,"updatedAt":257,"name":258,"slug":259,"children":260},"33d647d8-f7db-47fe-9ba1-4c9b29555c25","2026-06-10T13:18:17.139Z","2026-07-15T22:08:06.000Z","Big Brother Naija","big-brother-naija",[],{"id":262,"createdAt":263,"updatedAt":264,"name":265,"slug":266,"children":267},"41afd32a-1236-4806-a0eb-03b77e0bf570","2026-03-26T09:13:58.778Z","2026-05-21T15:44:11.000Z","Music","music",[],{"id":269,"createdAt":270,"updatedAt":270,"name":271,"slug":272,"children":273},"764e4080-657f-400f-a2d4-eee3d235332d","2026-04-23T11:16:42.052Z","Celebrities","celebrities",[274,280,287,293],{"id":275,"createdAt":276,"updatedAt":276,"name":277,"slug":278,"children":279},"636654fe-cd51-4947-8c04-379fae3f44c0","2026-10-09T09:46:22.009Z","Wizkid","wizkid",[],{"id":281,"createdAt":282,"updatedAt":283,"name":284,"slug":285,"children":286},"865e4aa1-25dc-4955-bfd7-5a8053bacf8d","2026-07-16T10:13:38.466Z","2026-10-09T09:31:46.000Z","Davido","davido",[],{"id":288,"createdAt":289,"updatedAt":289,"name":290,"slug":291,"children":292},"9af248fe-b2f8-4cdc-81c0-dda4ffc71aeb","2026-04-30T09:06:37.427Z","Phyna","phyna",[],{"id":294,"createdAt":295,"updatedAt":295,"name":296,"slug":297,"children":298},"a5f2784a-b6bc-4485-892c-2c141a5a6b4b","2026-05-02T08:39:02.783Z","Portable","portable",[],{"id":300,"createdAt":301,"updatedAt":301,"name":302,"slug":303,"children":304},"8561303e-67af-4434-9f1e-b65838a33e38","2026-05-02T09:04:09.809Z","Fashion & Style","fashion-and-style",[],{"id":306,"createdAt":307,"updatedAt":307,"name":308,"slug":309,"children":310},"9fa9121b-c84e-4962-832d-e443e4323a0b","2026-03-26T09:13:44.708Z","Gossip","gossip",[],{"id":312,"createdAt":313,"updatedAt":314,"name":315,"slug":316,"children":317},"bf62114b-4129-4c79-a779-be8629cff93f","2026-04-02T08:52:05.029Z","2026-07-15T22:09:28.000Z","Nollywood","nollywood",[],{"id":319,"createdAt":320,"updatedAt":320,"name":321,"slug":322,"children":323},"cbaaab16-eed1-4447-a40f-f262b9f5b947","2026-06-29T11:42:24.057Z","Cartoon","cartoon",[],{"id":325,"createdAt":326,"updatedAt":326,"name":327,"slug":328,"children":329},"cd47e90e-e61f-44f7-8861-9e242088b007","2026-03-26T09:14:20.502Z","Weddings & 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Commerce","trade-and-commerce",[1861],{"id":1862,"createdAt":1863,"updatedAt":1863,"name":1864,"slug":1865,"children":1866},"ba43bc02-9b8f-4fc8-9e90-4db01a97cbe7","2026-05-14T08:56:26.041Z","Import & Export","import-and-export",[],{"id":1868,"createdAt":1869,"updatedAt":1869,"name":1870,"slug":1871,"children":1872},"d19b3f92-bf4f-42fc-8115-d5e17ae6830e","2026-07-16T11:35:26.049Z","Civil 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Banditry","kidnapping-and-banditry",[],{"id":1906,"createdAt":1907,"updatedAt":1908,"name":1909,"slug":1910,"children":1911},"7d71a44e-8ad3-459b-87ca-44340608ba66","2026-05-12T09:17:22.828Z","2026-05-21T22:09:16.000Z","Police","police",[],{"id":1913,"createdAt":1914,"updatedAt":1914,"name":1915,"slug":1916,"children":1917},"a5e212ca-edf5-4131-b78e-332c32d9e0e1","2026-08-08T00:55:56.482Z","Money Laundering ","money-laundering",[],{"id":1919,"createdAt":1920,"updatedAt":1921,"name":1922,"slug":1923,"children":1924},"b3fbb57a-beaa-409f-b5db-290b46ea8a58","2026-03-26T09:15:35.953Z","2026-05-22T21:59:26.000Z","Insecurity","insecurity",[1925],{"id":1926,"createdAt":1927,"updatedAt":1927,"name":1928,"slug":1929,"children":1930},"8b58bdfc-7eda-4580-9df6-1c0e84676662","2026-08-07T08:26:58.233Z","Security Agencies","security-agencies",[],{"id":1932,"createdAt":1933,"updatedAt":1934,"name":1935,"slug":1936,"children":1937},"bb43406d-7167-428a-98a5-c9b0ae3d225b","2026-04-19T11:23:40.666Z","2026-05-22T22:00:49.000Z","Drug Trafficking","drug-trafficking",[],{"id":1939,"createdAt":1940,"updatedAt":1940,"name":1941,"slug":1942,"children":1943},"edc7ab5a-86a5-4a37-af73-bac317202614","2026-07-22T14:42:24.643Z","Human Trafficking ","human-trafficking",[],{"id":1945,"createdAt":1946,"updatedAt":1947,"name":1948,"slug":1949,"children":1950},"f4a769f7-1ac5-44b9-a955-0883b8ade1dc","2026-03-30T20:25:43.706Z","2026-05-22T22:01:21.000Z","Cyber Crime","cyber-crime",[],{"status_code":4,"message":30,"data":1952},[1953,1954,1955,1956,1957,1958,1959,1960,1961,1962,1963,1964,1965,1966,1967,1968,1969,1970,1971,1972],"No, not now! Why IMF is hesitant to commit other billions to Ruto's regime","APC PCC: Obi’s Continuing Display of Lack of Character, Dignity, Troubling","Rewane: Smuggling Costs Nigeria Billions, Stifles Local Industry","Dele Alake: A Journey of Conviction","Bauchi: NDC Supporters Defect to APM, Cite Governor’s Achievements","Kyle Busch's 11-year-old son highlights celebration of life ceremony with burnout","WNBA playoffs: Valkyries-Aces updates, highlights","Follow live: Defending champion Aces fighting to stay alive vs. Valkyries","Man picking mushroom accidentally shot dead at Nyagbo Kume Forest, hunter in police custody","Preaching in moving vehicles banned, not stationed vehicles — Mahama clarifies","Exercise Thunderbolt Strengthens Ghana Army Against Evolving Security Threats - 15 Armoured Brigade Commander","Amaechi’s campaign in Rivers will be difficult if…, says Wike","Follow live: Valkyries, Aces battle in Game  3","Dream wrap up first WNBA Finals berth since 2013 with sweep of Liberty","Shesterkin injured, helped off ice in second period of Rangers' loss","Strike suspended, but negotiations for teachers’ benefits not over — GNAT","CSA rejects FBI claims, insists Ghana led cybercrime operation","Govt suspends enforcement of ban on preaching in moving vehicles","Pre-Tertiary Teacher Unions suspend nationwide strike","Nigerians in Douala celebrate independence with cultural display"]