General
Cardoso Charges Nigerian Youths on Digital Innovation, Active Participation
By Adedapo Adesanya
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has urged young Nigerians to embrace digital innovation, evidence-based decision-making and active participation in public discourse.
Mr Cardoso said this on Friday at the first CBN Governor Annual Lecture Series, which was held at the Lagos Business School under the theme, Next Generation Leadership in Monetary Policy and Nation Building.
He described younger Nigerians as the nation’s greatest asset and urged young people to prepare to lead the country into an era of stability, innovation and inclusive growth.
The CBN Governor’s Lecture Series, part of Mr Cardoso’s broader Knowledge Acceleration and Thought Leadership Initiative, is central to the CBN’s strategy of deepening public understanding and strengthening the transmission of monetary policy.
It aims to foster dialogue, promote innovation, and advance an inclusive financial system that works for all Nigerians, while positioning the country as a leader on both the African and global stages.
Speaking at the inaugural edition of the Lecture Series, the CBN chief emphasised that leadership rooted in credibility, transparency and innovation would determine the nation’s economic trajectory.
“Nigeria’s most important asset is its next generation. You, the emergent cohort of scholars, professionals and civic actors, are not simply participants in this dialogue; you constitute its very subject.
“Leadership cannot be divorced from nation-building. It must be anchored on trust, stability and the collective confidence of millions of economic actors.”
The governor noted that more than half of Nigeria’s population is under 30, with a national median age of 18, placing the country among the youngest nations globally. According to him, this demographic structure provides both an opportunity and a responsibility.
“As of mid-2025, more than half of Nigeria’s population falls below the age of 30, with a national median age of 18 years. Such demographic indices situate Nigeria not only amongst the youngest polities globally, but also amongst those most richly endowed with prospective human capital,” he said.
Highlighting recent economic reforms, he explained that decisive policy tightening had reduced inflation from nearly 35 per cent to about 20 per cent, while GDP expanded by 4.2 per cent in the second quarter of 2025. External reserves have also strengthened to above $42 billion, with capital flows and investor confidence gradually rebounding.
He added that the restoration of credibility in monetary policy, including halting CBN’s direct financing of government and unifying exchange rate windows, had helped stabilise the Naira and improve sovereign credit ratings.
The CBN chief noted that today’s students would be tomorrow’s policymakers, entrepreneurs and central bankers, and must therefore be ready not just to inherit leadership but to transform it.
By Modupe Gbadeyanka
The Lagos International Trade Fair Complex in the Ojo area of Lagos State was shut down on Wednesday by traders protesting the proposed takeover of the facility by state and local government authorities.
The aggrieved demonstrators emphasised that the complex belongs to the federal government, and if there is a transfer of ownership to the state and local governments, then stakeholders should be carried along.
They expressed concerns that handing over the trade fair complex to the duo could be disruptive, and traders may have to pay more taxes and levies, which will, in turn, result in higher prices of goods.
In protest of the planned takeover, the traders yesterday locked up their shops, especially those in the ASPANDA Market segment within the facility, where spare parts are sold.
Apparently worried about the situation, the Minister of Industry, Trade and Investment, Ms Jumoke Oduwole, visited the market to talk to the traders.
She urged them to reopen the complex, as efforts are being made by the federal government to resolve the issue amicably.
By Adedapo Adesanya
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured a court order to extend the detention of former Governor of Kaduna State, Mr Nasir El-Rufai.
This order gives the anti-graft agency ample time to finalise its investigation into allegations against the former governor, which has now deepened as a result of some new findings.
Subsequently, the new order, which was granted on Tuesday in the presence of Mr El-Rufai’s lawyer, will expire on Thursday, March 19.
However, Mr El-Rufai’s lawyer, whose application to quash the first remand order was declined by a Chief Magistrate Court in Bwari, has returned to the same court to nullify the latest order.
Justice Okechukwu John Akweke has fixed March 17 to decide whether or not he should set aside the latest detention order.
He said, “Upon hearing and listening to the prosecuting counsel, Dr Osuobeni Ekoi Akponimisingha Esq., praying this Honourable court for the following orders:
“An order of this Honourable Court issuing a remand warrant against the Respondent (NASIR AHMAD EL-RUFAI) in favour of the Applicant, i.e. Independent Corrupt Practices and other Related Offences Commission (ICPC), to detain the Respondent (NASIR AHMAD EL-RUFAI) in its custody for another fourteen (14) days pending conclusion of investigation activities on allegations of Money Laundering/abuse of office.
“And for such other or further order(s) as this Honourable court may deem fit to make in the circumstances. It is hereby ordered that: Application granted as prayed.
“That the Applicant, i.e. the Independent Corrupt Practices and other Related Offences Commission ICPC is hereby ordered to re-detain the Respondent (NASIR AHMAD EL-RUFAI) for an additional 14 days to enable the commission to conclude investigation activities.
“That the return date shall be the 19th day of March 2026, for the report of compliance.”
The scrutiny of Mr El-Rufai by the ICPC follows the report of the Kaduna State House of Assembly’s ad hoc committee constituted in 2024 to investigate finances, loans and contracts awarded between 2015 and 2023 under his eight-year administration of the state.
By Adedapo Adesanya
The federal government has begun evacuating willing Nigerians in Iran, escorting them across the Armenian border to ensure their safety amid escalating tensions in the Middle East.
The evacuation follows the growing crisis that began on February 28 after coordinated military strikes on Iran by the United States and Israel.
The attacks triggered retaliatory missile and drone strikes across parts of the region, raising fears of a wider conflict.
The chief executive of the Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, disclosed this in a post on her X handle on Tuesday.
She said officials of the Nigerian Embassy in Tehran are coordinating the evacuation of Nigerians who wish to leave the country and are facilitating their safe passage into Armenia.
Mrs Dabiri-Erewa also reassured that no Nigerian in Iran has so far been affected by the ongoing tensions, noting that embassy officials remain stationed at the border to receive and assist evacuees.
Her post read, “Willing Nigerians [are] being escorted across the Armenian border by officials of the Nigerian embassy in Iran for safe passage. No Nigerian in Iran has been affected by the war as officials remain at the border to receive all who want to leave.”
The development comes as tensions in parts of the Middle East continue to raise concerns over the safety of foreign nationals residing in affected areas.
For repatriation flights, the NiDCOM chair said the airspace is currently unsafe but assured Nigerians in the Middle East that the Federal Government team is on standby to evacuate them.
“And as for repatriation flights, the skies are currently unsafe to fly. Luckily, a flight came in from the UAE to Lagos two days ago, just before another strike and the closure of the airspace.
“Once the airspace opens, the multi-agency FG team on crisis and evacuation is on standby. Our prayers are with you and all our people in affected countries,” she said.
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