General
NCGC, Financial Institutions Make Access to Funds for Business Easier
By Aduragbemi Omiyale
A Memorandum of Understanding (MoU) has been signed between the National Credit Guarantee Company (NCGC) and leading Participating Financial Institutions (PFIs) to expand credit access for business owners, especially those owned by youth and women.
Through this partnership, NCGC will provide credit guarantee solutions that de-risk lending to youth and women-led enterprises, while also supporting Micro, Small, and Medium Enterprises (MSMEs), local manufacturers, and underserved credit consumers.
By reducing barriers to finance, PFIs are better positioned to extend credit to underserved businesses and households, while NCGC absorbs a share of the risk.
At the signing ceremony in Lagos on Thursday, the chief executive of NCGC, Mr Bonaventure Okhaimo, said this initiative would reshape how credit is accessed in Nigeria, noting that MSMEs, which contribute nearly half of Nigeria’s GDP, have long faced barriers to affordable financing due to perceived risks.
Drawing inspiration from successful global models in India, South Korea, and the UK, NCGC is poised to catalyze inclusive growth and financial stability in Nigeria.
The pilot phase will focus on high-impact sectors such as agriculture, fashion, green energy, export-oriented businesses, and education.
As part of this pilot phase, NCGC is committing N5 billion in credit guarantees to each onboarded Participating Financial Institution, specifically targeting women-owned and youth-led MSMEs. This bold investment is expected to stimulate job creation, strengthen value chains, and improve key financial metrics like credit-to-GDP ratio.
In a chat with newsmen at the event, the Executive Director of Strategy and Operations at NCGC, Ms Tinuola Aigwedo, reiterated that the onboarding of PFIs is a major milestone in fulfilling NCGC’s mandate, aligning directly with the Renewed Hope Agenda of President Bola Tinubu, which prioritizes youth empowerment, women’s economic inclusion, and support for local enterprises.
“This partnership is not just about financial inclusion it’s about economic empowerment. By unlocking access to credit for youth and women entrepreneurs, we’re laying the foundation for a more resilient and equitable economy,” she stated.
Business Post reports NCGC was established to guarantee an individual for term loans for up to 5 years and working capital of up to 24 months, ranging from N50 million to N10 billion.
It was to provide portfolio guarantees with single obligor limits of N50 million and portfolio caps of N5 billion, and give partial credit guarantees covering up to 60 per cent of loan value.
General
NDPC Laments Shortage of Data Protection Officers in Nigeria
By Adedapo Adesanya
The Nigeria Data Protection Commission (NDPC) has warned that the country faces a significant gap of 480,000 Data Protection Officers (DPOs), in spite of notable progress recorded in the last three years.
The National Commissioner of NDPC, Mr Vincent Olatunji, disclosed the opening of a one-week training for the second cohort of DPOs Training and Certification Programme in Abuja.
Mr Olatunji said there were still shortages even as the number of certified DPOs in Nigeria increased from fewer than 1,000 three years ago to over 10,000, while more than 27,000 professionals now operate within the broader privacy ecosystem.
However, he noted that the gap remained wide due to the increasing number of data controllers and processors in the country.
“We have identified over 500,000 data controllers and processors who require the services of data protection officers.
“At the moment, we have about 10,000 certified DPOs to work in that space.
“The gap of about 480,000 still exists, which underscores the need for sustained capacity building,” he said.
The NDPC boss said the commission was intensifying efforts to bridge the gap through continuous training programmes.
He said the initiative was aimed at positioning Nigeria as a hub for highly skilled and globally competitive data protection professionals in Africa.
“Our goal is to make Nigeria the go-to country when it comes to sourcing qualified data protection officers in Africa.
“The certification we offer meets global standards, enabling practitioners to operate not just locally but in any part of the world,” Mr Olatunji said.
He said the programme would also contribute to job creation within the digital economy, in line with the federal government’s priorities.
On her part, Mrs Tolu Fadipe, the commission’s Head of Research and Development, emphasised the critical role of data protection in the digital economy.
She said that responsible data handling was fundamental to the growth of digital systems and emerging technologies.
“As we move towards a digital economy, data becomes central and protecting that data is essential.
“This training is designed to build competence and ensure organisations comply with the Nigeria Data Protection Act,” she said.
General
Lagos Discontinues Manual Property Planning Permits System
By Modupe Gbadeyanka
The processing of planning permits for property owners in Lagos State is now fully digital, discontinuing manual and semi-digital processes.
The Special Adviser to the Governor on E-GIS and Urban Development, Mr Olajide Abiodun, said the new system is the Electronic Physical Planning Process System (EPPPS).
He described it as a transformative, web-based platform designed to completely modernise the operations of the Ministry of Physical Planning and Urban Development, which is transitioning from legacy, manual systems toward a highly efficient, transparent, and scalable digital framework.
“Lagos State has entered the dawn of a new era in digital processing of Planning Permissions, Authorisations to Commence Construction Works, Stage Certification, amongst other services,” he told newsmen recently.
Mr Abiodun noted that the full automation of the planning permit process commenced on April 1, 2026, stressing that anyone processing planning permits manually from the stated date is engaging in an illegal activity and that all applications must now go through the EPPPS platform exclusively.
The Governor Babajide Sanwo-Olu’s aide added that once one receives planning approvals via EPPPS, the journey is not over. The person should immediately apply for their Authorisation to Commence Construction Works and Stage Certifications through the EPPPS platform, amongst other services, adding that there will be a task force to monitor compliance with this activity.
While updating the citizens on other developments on Urban Development and Land Administration in the State, he said the state government has introduced CAP to further strengthen LASBCA’s capability in ensuring strict building development compliance.
According to him, CAP is a strategic Public-Private Partnership that allows accredited private professionals to work alongside LASBCA in monitoring building projects.
“This helps us ensure strict compliance with the state’s building codes. It will drastically reduce the risk of building collapses while accelerating project delivery. It is a win for safety, a win for the construction industry, and a win for Lagosians,” he said.
The Lagos State Government, in the journey of moving from the built environment to Land Administration, has actively decentralised its services to ease the burden on citizens, announcing that the e-GIS Regional Office in Ikeja has officially commenced operations.
“This is a dedicated, customer-facing hub designed specifically to handle your digitised land administration activities. Citizens will no longer need to travel all the way to Alausa for every land-related inquiry.
“The Ikeja office is fully equipped to serve residents efficiently at the grassroots level, as the Government is assuring that the remaining divisional offices across the state will also commence operations very soon,” he disclosed.
General
Oladiti Eyes NUPENG Presidency as Akporeha Bows Out
By Adedapo Adesanya
Mr Salimon Akanni Oladiti is in pole position to take over the presidency of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).
According to reports, Mr Oladiti, who is the current National Trustee of the union, will take over from Mr Williams Akporeha, who is set to exit office at the end of April after eight years at the helm.
Mr Akporeha announced his departure at the weekend during the Quarterly National Executive Council meeting of the Petroleum Tanker Drivers (PTD) Branch in Warri, Delta State.
He noted that the union will elect a new president on April 24 in Lagos.
If Mr Oladiti, a former PTD National Chairman, emerges as the president of the union, it would be the first time a PTD member ascends to NUPENG’s top office.
The move gained momentum at the meeting, where Mr Joseph Okafor moved a motion for Mr Oladiti’s unanimous ratification, seconded by Mr Adekunle Akinlaja.
Mr Akporeha expressed gratitude to PTD members for their steadfast support throughout his tenure.
“Eight years ago, you stood by me in this same room. You didn’t only stand by me, you supported me. When things were tough, you were there through all the challenges.
“I want to appreciate all of you. If I stand to support one of your own as President, I have no apology. If I had done anything otherwise, my conscience would have troubled me. God used you to install me,” he said.
He urged members to rally behind Oladiti and the newly elected PTD National Chairman, Mathias Ote, to sustain the union’s stability and growth.
“By the grace of God, as I move along, I want to see a union stronger than I left it. I don’t want to see PTD go into disarray. The greatest favour you can do is to support this man whom you have elected today as your national chairman. Also support your own that will be the President, by the grace of God, on April 24,” he added.
On his part, the President of the Nigerian Association of Road Transport Owners (NARTO), Mr Lawal Yusuf Othman, commended NUPENG for steering a peaceful transition.
“I once again want to appreciate NUPENG. NARTO will continue to give you the necessary support,” he said.
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