Feature/OPED
Coker-Odusote: 100 Days at the Helm of NIMC
By Walter Duru, Ph.D
It was Albert Einstein who once said that “setting an example is not the main means of influencing another, it is the only means.” That sentiment expressed by Einstein is the primary essence behind the theory of transformational leadership, which requires passion, charisma, and the ability to motivate others. Transformational leaders are usually very authentic, emotionally intelligent, great listeners, results-focused, visionary, and self-aware.
In just 100 days at the helm of the National Identity Management Commission (NIMC), Engr. Abisoye Coker-Odusote has ushered in a new era of transformational leadership, leaving an indelible mark on the organization. Her eventual confirmation as substantive Director General/Chief Executive Officer of the Commission did not come to many as a surprise.
She did not waste time to hit the ground running and showed commitment to advancing the NIMC’s mission and mandate.
Coker-Odusote has taken steps to streamline National Identity Number (NIN) registration processes while addressing the long-standing challenges associated with identity registration in Nigeria. This, she is handling through strategic restructuring and the integration of advanced technologies to significantly reduce waiting time and enhance the overall efficiency of the system.
Today, date of birth and other kinds of modifications at NIMC happen within 48 hours. The several years backlog of date of birth modifications she inherited are almost cleared, as she had given a one-month deadline for the same to relevant staff of the Commission.
Again, responses to issues and complaints, such as those whose National Identity Numbers did not hit the NIN Verification Portal are now resolved within 24 hours.
Recognizing the paramount importance of data security in the digital age, the NIMC CEO has taken steps to enhance data security by introducing robust measures to fortify the protection of citizens’ sensitive information. This includes, but is not limited to the adoption of cutting-edge encryption technologies and the establishment of a dedicated cybersecurity team.
Her interest in improving service delivery at NIMC cannot be overemphasized. She has concluded plans to ensure regular training and retraining for staff of the Commission, emphasizing customer-centric approaches, to ensure a more positive experience for citizens seeking identity services.
On partnerships, Coker-Odusote, leveraging her extensive network and expertise, has forged strategic partnerships with governmental agencies, private organizations, and international bodies. These collaborations aim to enhance the NIMC’s capacity, foster innovation, and promote information sharing for the betterment of identity management.
Understanding the pivotal role of technology in modernizing identity management, Engr. Coker-Odusote has spearheaded the integration of biometric advancements and artificial intelligence into the registration and verification processes.
This not only improves accuracy, user experience and ease of enrolment, but also positions NIMC at the forefront of technological innovation in identity management. A typical example is the NIMC Contactless Biometric Solution, which delivers a best-in-class fingerprint and facial capture image output quality, powered by Artificial Intelligence. The new solution was unveiled by the commission at the 2023 Identity Day, held in Abuja on September 16, 2023.
In addition, Engr. Coker-Odusote tackled the existing backlog of unprocessed identity requests head-on. Through a combination of strategic staff deployment and redeployment, process optimization, and digitization initiatives, she has made significant strides in clearing the backlog, demonstrating her commitment to prompt and efficient service delivery.
Recognizing the crucial role played by the NIMC staff in achieving organizational goals, the CEO has developed for implementation, a robust welfare programme aimed at boosting morale and fostering a positive work environment. This includes, but is not limited to training opportunities, health benefits, and performance recognition initiatives.
Furthermore, in consultation with in-house experts, elaborate public awareness campaigns are being planned, to ensure that citizens are well-informed about the importance and benefits of identity registration. These campaigns are expected to not only educate the public but also serve to demystify the registration process, encouraging greater participation.
The NIMC DG has concluded plans to take the ecosystem enrolment forward by taking steps to deepen collaboration with ecosystem implementing partners, supporting to ensure the success and optimal performance of the Nigeria Digital Identification for Development (ID4D) Project, a Nigerian Project jointly funded by The World Bank, The European Investment Bank, and the French Development Agency.
Engr. Coker-Odusote’s strategic vision, commitment to efficiency, and emphasis on technological innovation positions NIMC for a future where identity management is not only secure but also seamlessly integrated into the daily lives of citizens.
On anti-corruption, the NIMC DG has left no one in doubt about her determination to sanitize the system and entrench a culture of transparency and zero tolerance for corruption. Apart from putting systems and structures in place to discourage graft, she is directly involved in ensuring that the cankerworm has no place in the commission.
Just recently, in what one may describe as a sting operation, she paid an unscheduled visit to the Federal Capital Territory office of the commission, where she is reported to have arrested some staff for allegedly extorting money from Nigerians, even as she has maintained that enrolment was free.
Her devotion to supporting the policy direction of the present administration by strengthening the issuance of the NIN for access to service is not in doubt.
Speaking on Coker-Odusote’s first 100 days in office as NIMC CEO, and Project Coordinator, Nigeria Digital ID4D Project, Musa Odole Solomon described her as a vibrant, results-focused leader, determined to make a difference in the Commission.
“She has taken steps to build bridges of collaboration between NIMC and partners within the country’s identity ecosystem. These collaborations aim to enhance the NIMC’s capacity, foster innovation, and promote information sharing for the betterment of identity management in Nigeria.”
“The collaboration is also focused on enhancing handshake with institutions involved in the country’s identity ecosystem, to deepen integration with the country’s Identity Management System.”
“In 100 days, she has taken the lead in working with the Nigeria Digital ID4D Project to speed up the project implementation process, especially, processes geared towards the extension of NIN enrolment to hard-to-reach areas, women, persons with disabilities, and marginalized groups, thereby fostering inclusion and access to social services.”
“She has introduced some innovations that I consider very progressive, and things are moving very well. The Nigeria Digital ID4D Project is happy to work with her, as she has shown that she has all it takes to assist us succeed.”
Responding to a question on his impression about the NIMC DG’s leadership style and the future of the relationship between NIMC and his organisation, the Chairman of the National Population Commission (NPC), Hon. Nasir Isa Kwarra stressed that the relationship between NIMC and NPC has become more robust under Coker-Odusote’s leadership as NIMC CEO.
“I want to say that the National Population Commission has a long and robust collaborative partnership with the National Identity Management Commission (NIMC) in our efforts to harmonize and integrate biometric databases for planning and development of our country.”
“However, this partnership has become more dynamic and robust with the assumption into office of Engr. Abisoye Coker-Odusote as the Director General of NIMC. She has shown an unparalleled commitment and passion in working with the Commission, not only in the registration of births and deaths but also in the upcoming population census. She comes across as a thoroughbred professional and innovator who will give Africa’s greatest nation a deserved identity profile for national unity, security, and development. I am more confident in the future of the Identity Management Commission under her.”
Responding to a question on the new grounds covered at the NIMC ICT, Director, IT/Identity Database of the Commission, Chuks Onyepunuka has this to say:
“Our DG is pragmatic, proactive, result-oriented and visionist. Her achievements in ICT in NIMC in the last 100 days include, but are not limited to: “launching of self-modification and enrolments services to ease and simplify the processes for enrolment services; driving the clearing of about 3 million backlog of enrolment records awaiting manual adjudication within 3 weeks; decentralization of operations with objectives of ensuring that we are closer to the enrolees and adequate coverage in the nooks and crannies of the country.”
“Others are improvement in the process of engaging and revalidating our Frontend Enrolment Partners (FEPs); improvement in our ICT policies, processes and procedures; resolution of 95% challenges/issues affecting our window enrolment software (Res-Web) and commenced the integration and harmonization with National Population Commission, Nigeria Immigration Service and Federal Inland Revenue Service (FIRS).”
Adding her voice, NIMC’s Director of Business Development and Commercial Services, Mrs Carolyn Folami described the DG as a thoroughbred professional, committed to resetting the Commission for the good of the nation.
“It has been only 100 days, but it seems she has been here far longer, as, within this period, we have achieved a couple of goals towards resetting the NIMC agenda and resettling the NIMC staff for productivity.”
“Starting with the planning and commencement of training of all staff, to the commitment to all Front-End Partners (FEP) to revalidate the business model for fair play and payment. She is very keen on stakeholder engagement and has secured the buy-in of our harmonisation partners for effectiveness. She is professional, thorough, dedicated, and above all, kind to all.
Adding his voice, Monitoring and Evaluation Specialist, Project Implementation Unit, Nigeria Digital ID4D Project, Dr Emmanuel Akogun argued that Coker-Odusote’s first 100 days in office were characterised by “dynamic, focused and results–oriented leadership,” adding that there is steady progress in NIN enrolment, with “103,500,000 Nigerians and other legal residents captured in the NIMC Database.”
There is therefore no gainsaying the fact that Engr. Abisoye Coker-Odusote’s first 100 days as CEO of the NIMC have been marked by a series of commendable achievements.
At this point, one can confidently say that with Engr. Bisoye Coker-Odusote as Chief Executive Officer, NIMC is in safe hands.
Her recent confirmation as substantive Director General/CEO of the Commission is an act of patriotism by the Nigerian President, Bola Ahmed Tinubu.
However, as she commences a full tenure of office, following her recent confirmation, one expects that the standard is not lowered.
As she marks 100 days in office this week, the most challenging part of Abisoye Coker-Odusote’s journey as Chief Executive Officer of the NIMC is the need to sustain the successes recorded, remain focused, deepen stakeholder engagement and public enlightenment, check corruption, strengthen systems and structures, be fair to all, while supporting the policy direction of the present administration.
Deliberate steps must be taken to ensure the sustenance of the war against extortion at NIMC.
Again, a deliberate plan should be in place to ensure a more robust stakeholder collaboration, particularly with those involved in the country’s identity ecosystem.
Elaborate, sustained communication and public enlightenment activities are required, taking advantage of the conventional and unconventional channels of communication to inform, educate and mobilize the citizens on the need for all to register for the NIN. This requires a deliberate strategy and strategic implementation.
Finally, a deliberate inclusion strategy must be in place and vigorously implemented to ensure that no one is left behind.
As the DG continues to lead with passion and purpose, NIMC is poised for even greater accomplishments under her guidance.
Indeed, NIMC is in safe hands!
Dr Walter Duru (Assistant Professor of Communication and Multimedia Design) is a Communication/Public Relations Strategist, Researcher and Consultant. He could be reached at *********@***il.com” target=”_blank” rel=”noopener nofollow”>wa*********@***il.com
Feature/OPED
What Does Nigeria’s $51bn Reserves Milestone Mean if Most New Foreign Money Can Leave Quickly?
Nigeria’s foreign reserves have climbed to about $51 billion, a decade-plus high, according to the Central Bank of Nigeria (CBN). EBC Financial Group (EBC) notes that this reflects stronger investor confidence, but the second half may show whether it holds, as the build rests on three cyclical drivers: oil earnings, short-term foreign money and a narrowing official-to-street naira gap.
Reserves rose from about $32 billion in April 2024, during a dollar shortage, to about $51 billion now, near the CBN’s target. Much came from two cyclical sources, strong oil earnings and money chasing high-yielding naira assets, so EBC expects the pace to slow or reverse. Fitch Ratings, a major international credit rating agency, expects a marginal decline to about $47 billion by the end of 2026, citing higher spending and external pressures.
David Precious, Senior Market Analyst at EBC Financial Group, said, “Nigeria’s reserve build is real but may not be durable yet, because nearly all of the new money is the kind that can leave quickly. Of the $10.37 billion that came in over the first quarter, the overwhelming majority was short-term portfolio funds rather than long-term investment, so a shift in oil prices, global interest rates or confidence in the naira might pull a large part of it straight back out.”
Most New Money Can Still Leave Quickly
The composition of the foreign inflows explains the caution over how long the build can last. The country attracted $10.37 billion in foreign investment in the first quarter of 2026, up 83.83 per cent year-on-year, according to the National Bureau of Statistics (NBS). Of that, $9.86 billion or 95.09 per cent, was portfolio money, largely short-term naira debt such as Treasury bills that investors can sell at the next auction, while foreign direct investment, the long-term kind that builds factories and jobs, was $135.08 million, or 1.30 per cent. Put simply, of each dollar coming in, about 95 cents can leave quickly, and barely one cent stays.
That money supports reserves while it stays. Dollars brought in to buy naira assets add to market supply, letting the CBN hold more reserves and steady the naira. It leaves when conditions change. Nigeria earns most of its export dollars from oil and gas, so lower oil prices mean fewer dollars, and as a member of the Organisation of the Petroleum Exporting Countries (OPEC), it cannot simply produce more, output capped by quota and reduced by theft and ageing fields. Higher global interest rates draw money toward safer returns abroad, and a weakening naira prompts investors to sell early. When oil fell in 2016 and 2020, foreign investors withdrew and could not convert naira to dollars as supply dried up, leaving the CBN to clear more than $7 billion in trapped obligations into 2024.
The Oil Boost is No Longer Certain
Oil looked like a dependable source of the dollars behind the reserves only months ago. Earlier in 2026, concern over disruption around the Strait of Hormuz lifted crude prices, and stronger receipts flowed in, with crude oil export earnings of $8.11 billion in the first quarter in the CBN’s balance-of-payments data. That support is now easing. The tension has subsided, and Brent traded near $72 on June 29, down about 24 per cent over the month, back to pre-conflict levels. With the price boost gone and output constrained, reserves are more exposed, leaning on non-oil earnings and investor patience rather than oil.
The Naira Still Trades at Two Prices
The naira has traded at two prices, an official rate and a higher parallel-market rate, and closing that gap into one trusted price is what many investors might watch most. Before committing funds, they may want assurance they can convert naira to dollars at a fair rate when they exit, and a wide gap revives the fear of being trapped that lingers from earlier shortages. The gap has narrowed to roughly N20 to N30, with the CBN’s official rate near N1,380 per dollar on June 26 against parallel-market quotes around N1,400. The International Monetary Fund (IMF) 2026 Article IV review urged Nigeria to depend less on this fast-moving portfolio money and to keep phasing out its multiple exchange-rate practices. The CBN’s Foreign Exchange Manual, in force from 1 June, is intended to make the market clearer, though such rules build confidence only once investors can freely trade dollars at the posted rate.
What could Make the Build Durable
A few signs that may show the build turning durable include a smaller gap between the official and street naira rates, more long-term foreign investment, and steadier oil earnings. A gap that stays small, now roughly N20 to N30, may mean investors trust the official rate and no longer need the street market. A clear rise in foreign direct investment, only $135 million last quarter against $9.86 billion of short-term money, might mean lasting capital is replacing funds that can leave at the next auction. Oil earnings that hold up, rather than sliding from the low $70s, should help keep reserves steady, since oil and gas bring in most of Nigeria’s export dollars.
“Reserves built on money chasing high yields can fall as fast as they rose, as they did after the last two oil shocks, when investors left, and the CBN spent years clearing a foreign-exchange backlog,” Precious added. “What holds through a downturn is slower money, direct investment, steady oil and non-oil export earnings and one credible naira rate, and that is the shift Nigeria has yet to make.”
By Olajumoke Bello
Across Nigeria, small and medium enterprises remain the backbone of economic activity. They drive trade, create jobs, and sustain millions of livelihoods. Yet, despite their importance, many SMEs continue to operate below their full potential due to persistent structural challenges.
Access to finance remains one of the most cited constraints. However, the issue today goes beyond the availability of capital. Many businesses struggle with financial readiness, weak documentation, and limited understanding of what lenders require. This often leads to missed opportunities, even when funding options exist.
At the same time, SMEs face gaps in market access and visibility. Business owners operate in highly localised environments, with limited exposure to broader networks that can unlock partnerships, new markets, and growth opportunities. This isolation can constrain scalability and reduce long-term competitiveness.
Equally important is the capability gap. Many entrepreneurs grow through resilience and experience but lack structured knowledge on critical areas such as financial management, export readiness, and digital adoption. Without this, even well-capitalised businesses can struggle to sustain growth.
These challenges point to a clear need for a more practical and integrated approach to SME support. It is no longer sufficient to offer standalone solutions. SMEs require ecosystems that combine knowledge, access, and direct engagement in ways that reflect how they actually operate.
A key shift is the move from centralised interventions to localised engagement. SMEs are deeply influenced by their immediate environments, whether markets, industrial clusters, or trade corridors. Solutions must therefore be brought closer to where these businesses function, allowing for more relevant support and stronger relationships.
Another important shift is from awareness to action. Business owners do not only need information; they need insights that they can apply immediately. This includes understanding how to structure their finances, how to access trade opportunities, and how to connect with the right partners to scale their operations.
There is also a growing need for continuity. Many SME-focused initiatives deliver strong initial impact but lack follow-through. For support to be effective, it must extend beyond one-off engagements into sustained relationships, with clear pathways for onboarding, advisory, and growth.
For financial institutions, this presents both responsibility and an opportunity. Supporting SMEs now requires moving beyond transactional banking to deeper partnership models. It requires understanding businesses at a granular level and co-creating solutions that evolve with their needs.
At Stanbic IBTC, this perspective continues to shape our approach to SME development. Our focus is on delivering practical support that translates into real business outcomes, helping enterprises grow, compete, and contribute more meaningfully to the economy.
As part of this commitment, we are extending our SME engagement to the regions through the Nigeria Business Summit Regional Tour. The tour will take structured, on-ground activations into key commercial hubs, where SMEs can access funding guidance, trade insights, advisory support, and direct engagement with financial experts.
The regional tour will take place across five strategic locations, bringing these solutions closer to business owners in Aba, Onitsha, Ibadan and Kano.
This approach reflects an important principle. When support moves closer to businesses and when solutions are delivered in ways that are practical and continuous, SMEs are better positioned to grow sustainably. In turn, this strengthens not only individual enterprises but the broader economy.
Olajumoke Bello is the Head of Enterprise Banking at Stanbic IBTC Bank
By Winston Osuchukwu
The average Nigerian borrower is widely considered high-risk – a claim repeated in credit committees, priced into retail loans, and largely treated as settled fact. Every credit market accepts that an individual loan may not be repaid; this is ordinary, priced risk. The high-risk claim, however, is applied to whole segments – the informal trader, the gig economy earner whose income is steady but split across several accounts, the remote worker paid by an overseas client into a fintech FX wallet. What the assessment establishes is not whether they are likely to repay, but how they fit into an arbitrary segment. Having spent years building decisioning systems for this market, my thesis is a specific one: “high-risk” does not mean “no credit” – it simply requires that the lender embrace alternative datasets to price the risk appropriately.
This is not a criticism of the institutions that built their frameworks around collateral and documentation; those were rational responses to the tools available at the time. When data is scarce, prudence means defaulting to the status quo. The limitation is not that this approach is wrong, but that it leaves a blind spot – excluding fundamentally sound borrowers whose economic lives simply are not captured on the bank’s ledger. A market trader who has moved consistent, growing volumes of cash through mobile money for three years is not, in any meaningful sense, unknowable. Their financial behaviour is observable and patterned; it simply occurs outside the traditional banking system, rendering it invisible to conventional underwriting.
This is the gap technology is now positioned to close – not by replacing institutional judgment, but by augmenting it. When AI-driven analysis is applied rigorously to the financial behaviour these borrowers generate, a far more complete picture of their repayment ability emerges – and a meaningful share presents a risk profile that compares favourably with segments the traditional system has long considered safe. The “high-risk” label, applied broadly to an entire category of borrower, was never a risk pricing tool so much as the limit of what the available tools could see.
For banks, this is the opportunity to extend capital with confidence beyond the borrowers who fit their stringent criteria. Nigerian banks are highly liquid; the constraint on credit growth has rarely been capital, but the ability to assess and price the borrowers who sit outside the traditional file. Close that gap, and the whole ecosystem strengthens: banks grow their loan books into segments they have long wanted to serve, and the real economy gets the capital it needs to expand.
This is precisely what we focus on at Mathesis Analytics: building AI-powered credit decisioning that gives lenders a fuller, more defensible picture of the individuals long excluded as high-risk when they were simply misjudged. The Nigerian credit gap has never been a non-lendable population problem, but one of incomplete visibility. By unifying varied data sources and partnering with the institutions that hold the capital and scale to move the market, we translate out-of-ecosystem behaviour into reliable, bank-grade risk scores. Closing this gap is one of the clearest, highest-leverage opportunities in Nigerian financial services today.
Winston Osuchukwu is the founder & CEO of Mathesis Analytics
