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2023: Group Condemns Verbal Attacks on Emefiele

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Godwin Emefiele

By Dipo Olowookere

For a while now, there have been reports that the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, would be contesting for the highest political position in the country in 2023.

According to the reports, some powerful persons on the corridors of power are positioning the respected banker to become the president of Nigeria next year.

These reports have continued to generate reactions and for some, it was an opportunity to pounce on the former group managing director of Zenith Bank Plc.

Recently, a group of friends of the CBN chief known as the Friends of Godwin Emefiele paid a visit to him over the rumoured presidential ambition in 2023.

At the gathering, Mr Emefiele emphasised that at the moment, he is only focused on the job at hand, which is to help President Muhammadu Buhari get the economy back on track after suffering two recessions under this administration.

The head of the banking industry regulator also stated that it was the prerogative of Mr Buhari to map out his succession plan, noting that he would leave his fate firmly in the hands of God as regards the choice of the leadership of the country in 2023.

In a statement, the group said the verbal attacks on Mr Emefiele over the rumoured 2023 bid were uncalled for since he has not confirmed to anyone “he is running for President even as he is constitutionally qualified to do so.”

“Only yesterday, as the speculation became widespread, a group of his friends under the aegis of Friends of Godwin Emefiele met with him to clarify his position,” the statement further said.

“Here is what he told us: That he remains focused on his job and will continue supporting the Muhammadu Buhari-led federal government’s economic recovery drive; that in his career trajectory, right from his days as a young banker, he never asked, nor lobbied for a job, he was invited by the Board of Directors to be the Chief Executive Officer/Group Managing Director of Zenith Bank as he was an integral part of the team, led by founder Jim Ovia, that transformed Zenith Bank from a start-up to one of Africa’s largest banks with subsidiaries in Ghana, Sierra Leone, Gambia, South Africa, Dubai, China and the United Kingdom,” it added.

According to the group, Mr Emefiele said that in 2014, President Goodluck Jonathan tapped him to be the CBN Governor, a job he didn’t lobby for and in which his name was not among those being considered at that time and was not even from the geo-political zone that most people thought the job would go to as the president then was from the same geopolitical zone with him.

It also quoted Mr Emefiele to have said he, “remains humbled by President Muhammadu Buhari’s decision to grant him an unprecedented second term as CBN Governor- again without lobbying. Thus he will continue to remain loyal to him and the Federal Republic of Nigeria.”

“Mr Emefiele told us that he believes it’s the prerogative of President Muhammadu Buhari to plan his succession in line with global best practices for good governance for the continuing peace and progress of the federal republic of Nigeria, as such he will play his part to stabilise the economy for an orderly transition.

“And given that it’s God that anoints leaders, he will leave his faith firmly in the hands of God,” it said further.

Highlighting Mr Emefiele’s achievements since he assumed office in June 2014, the friends said that at the time, his task was huge and the challenges seemed insurmountable but he successfully calmed the waters and put Nigeria back on the path of growth.

They listed the achievements to include reduction of Nigeria’s food import bill, taking COVID-19, regulatory forbearance to banks, and others.

Highlighting his achievements since he assumed office in June 2014, they noted that then, his task was huge and the challenges seemed insurmountable, adding that today he has calmed the waters and put Nigeria back on the path of growth.

“As you will recall there was a sharp fall in crude oil prices from 2015, which led to significant revenue shortfalls in Nigeria where crude oil represents about 95 per cent of Nigeria’s export revenue. This created a major shock for the Nigerian economy, leading to a 13-month recession in 2016.

“In comparison to the previous years before Emefiele became the CBN governor, the average price of crude oil from 2010 to 2014 was over $100/barrel and this fell to some $30 / barrel with high production costs of some $25/barrel.

“Despite these challenges Emefiele’s monetary policies supported the Buhari administration and all 36 State governments, ensuring salaries were paid and much more was done, with much less, in infrastructure, steering Nigeria away from much worse outcomes while many oil producers like Kuwait, Russia, Angola and Brunei had longer-lasting recessions between of 20 – 60 months,” it stated.

Additionally, Friends of Godwin Emefiele urged critics to also understand that the second recession the country entered into in 2020 was as a result of the COVID-19 pandemic.

Then, the global economy (Nigeria inclusive) was plunged into recession because of the pandemic which was unprecedented. It led to declines in economic activities and lockdown across the world.

They pointed out that countries such as the United States had their Gross Domestic Product (GDP) falling in 2020 by -31 per cent in the second quarter (Q2) of that year; the United Kingdom by -19.4 per cent in Q2; European Union by -14.1 per cent in Q2 and Nigeria, with the deft response of the CBN had -6.1 per cent in Q2.

“As we all know the CBN supported fiscal authorities in the following areas, N100 billion health sector credit facility for operators in the sector. Today, Nigeria boasts of two world-class cancer centres in Lagos and medical tourism has reduced.

“A one-year extension of a moratorium on principal repayments for CBN intervention facilities; the reduction of the interest rate on intervention loans from nine per cent to five per cent; strengthening of the loan-to-deposit ratio policy (i.e. stepped up enforcement of directive to extend more credit to the private sector),” it stated.

The group listed other measures introduced by Mr Emefiele-led CBN to include the creation of N400 billion target credit facility for affected households and small and medium enterprises; granting regulatory forbearance to banks to restructure terms of facilities in affected sectors; improving FX supply to the CBN by directing oil companies and oil servicing companies to sell FX to the CBN rather than the Nigerian National Petroleum Corporation and additional N100 billion intervention fund in healthcare loans to pharmaceutical companies and healthcare practitioners intending to expand/build capacity.

The group added: “Despite the challenges, the CBN under Emefiele has in the last seven years maintained a developmental-oriented approach in supporting the federal government to address challenges across various sectors of the economy and has initiated far-reaching reforms.

“One issue the critics have continued to raise is the issue of the rice pyramid which was recently unveiled in Abuja. But these armchair critics have failed to understand that through the Anchor Borrowers’ Programme (ABP), an initiative that was introduced by the Emefiele-led CBN, the lives of a lot of rural farmers have been transformed.

“The rice pyramid which had taken place previously in Minna, Kebbi, Gombe, Ekiti and Abuja, showed how Emefiele has used agriculture to support the federal government’s wars on insecurity.

“The rice pyramids were built bag by bag in all the states the programme had been launched since December 2020, when it was first launched in Minna, Niger State. The programme held last month to unveil the world’s largest rice pyramid in Abuja was also an initiative of the Rice Farmers Association of Nigeria (RIFAN).”

It noted that from an average yield of 1.8 metric tonnes per hectare in the pre-ABP era, the initiative has increased the country’s average yield per hectare for rice paddy and maize to about five metric tonnes per hectare.

Additionally, there has been a significant reduction in the country’s rice import bill, from a monstrous $1.05 billion prior to November 2015, to the current figure of $18.50 million, annually, the group noted.

“Emefiele also spearheaded the creation of the Coalition Against COVID-19 (CACOVID), an initiative that brought all the private sector business leaders under an umbrella in the fight against the spread of the pandemic.

“This was why in its latest Article IV Consultation released in February 2022, the International Monetary Fund praised Nigeria’s effort in fighting the spread of the virus.

“There are many other measures announced by the CBN Governor which will be detailed in due course like the support to Technology, Digital innovation, the Creative Industries and the 15 Trillion Infrastructure corporation recently launched.

“Apparently, those behind the sponsored negative reports are afraid of Emefiele’s towering personality and service to Nigeria. But they must understand that he cannot be stampeded any way. He is focused on delivering the mandate of the Central Bank; he is rebuilding the economy of the country through import substitution policies and using agriculture to create a new rural middle class from the ground up.

“Those who continue to criticise the rice pyramid are too ashamed of giving glory to whom it is due. Emefiele is focused on his unfinished job and should not be distracted,” the statement added.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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FG Boosts Civil Servants’ Pay with New Allowance Review

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By Adedapo Adesanya

The federal government has approved a sweeping increase in peculiar allowances and other welfare benefits for civil servants, aimed at improving take-home pay and boosting morale across the public service.

The announcement was made on Friday by the Head of the Civil Service of the Federation, Mrs Didi Walson-Jack, during a press briefing in Abuja, where she outlined key reforms endorsed by the Federal Executive Council (FEC).

According to Mrs Walson-Jack, the review affects workers under both the Consolidated Public Service Salary Structure (CONPSS) and the Consolidated Research and Allied Institutions Salary Structure (CONRAISS), ensuring a broad-based impact across all cadres.

She said the revised peculiar allowances have been structured to reflect across all grade levels, resulting in a meaningful increase in earnings for both junior and senior officers.

In addition, the government approved an upward review of several key allowances, including duty tour allowance (DTA), estacode, and book allowance.

Mrs Walson-Jack noted that virtually all allowances listed under the Public Service Rules have now been revised.

A major highlight of the reform is the approval of 100 per cent Duty Tour Allowance for civil servants attending approved training programmes, regardless of whether travel is involved.

Beyond salary-related adjustments, the government also introduced a new exit benefit scheme for retiring civil servants under the Contributory Pension Scheme. The scheme provides 100 per cent of a retiree’s total annual emoluments as an exit package, in addition to their pension, effective January 1, 2026.

Mrs Walson-Jack described the move as a step toward ensuring dignity in retirement, stressing that no public servant should leave service without adequate financial support.

The government also confirmed the operationalisation of the Employee Compensation Scheme, designed to provide financial protection for workers who suffer job-related injuries or death.

The reforms come amid growing calls from labour unions for improved welfare, as rising living costs continue to put pressure on workers. Analysts say the combined measures could significantly enhance financial stability for civil servants and improve overall productivity in the public sector.

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Surrogacy Laws in Ukraine: What Every International Parent Must Know Before Starting the Process

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One of the primary reasons international couples choose surrogacy in Ukraine is the country’s clear and well-defined legal framework. Unlike many nations where surrogacy exists in a legal gray area or is outright prohibited, Ukraine has codified the rights of intended parents, the obligations of surrogate mothers, and the procedures for establishing legal parenthood.

Understanding these laws is not just advisable but essential. Proper legal preparation ensures that your parental rights are protected, that the process runs smoothly, and that your child’s citizenship and documentation are handled correctly from day one.

The Legal Foundation of Surrogacy in Ukraine

Surrogacy in Ukraine is primarily regulated by two pieces of legislation: the Family Code of Ukraine and the Civil Code of Ukraine. The most significant provision is Article 123, Paragraph 2 of the Family Code, which states that when an embryo conceived through assisted reproductive technologies is transferred to another woman’s body, the married couple who initiated the procedure are recognized as the parents of the child.

This provision is remarkably protective of intended parents. It means that from the moment of embryo transfer, the intended parents are considered the legal parents. The surrogate mother has no legal claim to the child, and there is no requirement for an adoption process or court hearing to establish parenthood.

Additionally, Article 139 of the Family Code reinforces the principle that the surrogate cannot contest the parentage of a child born through a surrogacy arrangement. This dual-layer legal protection is one of the strongest in the world and is a major reason why surrogacy in Ukraine is so attractive to international couples.

Who Is Eligible for Surrogacy in Ukraine?

Ukrainian law sets specific eligibility criteria for intended parents. To qualify for a surrogacy program, you must meet the following requirements:

Marital status: Both partners must be legally married. Ukraine requires a valid marriage certificate, which must be translated into Ukrainian and apostilled.

Medical indication: There must be a documented medical reason why the intended mother cannot carry a pregnancy. This could include uterine abnormalities, repeated IVF failures, recurrent pregnancy loss, or other reproductive health conditions.

Heterosexual couple: Under current Ukrainian legislation, surrogacy is available only to heterosexual married couples. Single parents and same-sex couples are not eligible at this time.

Genetic connection: At least one of the intended parents must have a genetic connection to the child. This means that either the eggs or the sperm (or both) must come from the intended parents. Donor gametes may be used for one component if medically necessary.

The Surrogacy Agreement: Legal Protection for All Parties

Before any medical procedures begin, a comprehensive surrogacy agreement must be executed between the intended parents and the surrogate mother. This legally binding contract is a cornerstone of the process and covers several critical areas.

The agreement defines the rights and obligations of both parties, the compensation structure for the surrogate, medical care provisions during pregnancy, conditions under which the agreement may be terminated, and the procedures for establishing parenthood after birth. Ukrainian law requires this agreement to be notarized, and experienced agencies ensure that all legal requirements are met.

Working with an agency that has in-house legal expertise is essential for ensuring the agreement complies with Ukrainian law and addresses the specific needs of the intended parents. Agencies like Militta provide dedicated legal teams that handle all documentation, from the initial surrogacy agreement to the final birth registration.

For more details about how the legal and medical process works, visit Militta’s comprehensive surrogacy guide.

Birth Registration and Documentation Process

One of the most important moments in a surrogacy journey is the birth of the child and the subsequent documentation process. In Ukraine, this is remarkably straightforward compared to many other countries.

Immediately after the birth, the child’s birth certificate is issued by the local civil registration office (known as RAGS in Ukraine). The certificate lists the intended parents as the mother and father, with no mention of surrogacy or the surrogate mother. The surrogate’s consent is not required for this registration because Ukrainian law already recognizes the intended parents’ rights from the moment of embryo transfer.

After obtaining the birth certificate, the intended parents must proceed with several additional steps. The birth certificate must be apostilled and translated for use in their home country. They must then visit their home country’s embassy or consulate in Ukraine to register the child’s birth, obtain citizenship documentation, and apply for a passport or travel document for the newborn.

The timeline for this post-birth documentation process typically ranges from two to six weeks, depending on the home country’s embassy processing times. During this period, intended parents usually stay in Ukraine, and their agency provides accommodation assistance and logistical support.

Country-Specific Considerations for International Parents

While Ukrainian law is clear and protective, intended parents must also consider the legal requirements of their home country. Different nations have varying approaches to recognizing children born through international surrogacy.

Parents from countries within the European Union, for example, may need to go through additional recognition procedures depending on their specific national laws. Some EU countries, such as Spain and France, have historically been more complex in recognizing surrogacy-born children, while others, like Portugal, have clearer pathways.

Parents from the United States, the United Kingdom, Australia, and China each face their own specific documentation requirements. A knowledgeable surrogacy agency will be familiar with the requirements of your home country and can guide you through the specific steps needed to bring your child home.

Surrogate Rights and Protections in Ukraine

Ukrainian surrogacy law also establishes protections for surrogate mothers. To be eligible, a surrogate must be between 18 and 35 years of age, have at least one healthy child of her own, and pass comprehensive medical and psychological evaluations. These requirements ensure that surrogates are making informed, voluntary decisions.

Surrogates in Ukraine receive compensation that is contractually guaranteed, along with full medical care throughout the pregnancy and a reasonable recovery period after birth. Reputable agencies ensure that surrogates are treated with dignity and that their health and wellbeing are prioritized throughout the process.

Surrogacy in Ukraine in 2026: Current Status and Safety

As of 2026, surrogacy programs in Ukraine continue to operate with full legal backing. The legal framework governing surrogacy has remained stable, and clinics in central and western Ukraine, particularly in Kyiv and Lviv, maintain their operational capacity.

Reputable agencies have implemented comprehensive safety protocols to protect all parties. This includes careful selection of medical facilities in secure locations, contingency planning for logistics, and continuous communication with intended parents throughout the process. International travel to Ukraine is facilitated through European transit routes, and agencies assist with all travel arrangements.

Frequently Asked Questions About Surrogacy Law in Ukraine

Can the surrogate mother change her mind and keep the baby?

No. Under Ukrainian law, the surrogate has no legal rights to the child. The intended parents are recognized as the legal parents from the moment of embryo transfer, and the birth certificate is issued in their names.

Do I need to go through an adoption process after the surrogate gives birth?

No. Unlike many other countries, Ukraine does not require any adoption proceedings for surrogacy-born children. The intended parents’ names appear directly on the birth certificate.

What documents do I need to start a surrogacy program in Ukraine?

You will typically need a valid marriage certificate (apostilled and translated), passports for both intended parents, medical documentation confirming the need for surrogacy, and a notarized surrogacy agreement. Your agency will provide a complete document checklist.

How do I bring my surrogacy-born child back to my home country?

After obtaining the Ukrainian birth certificate, you must register the birth at your home country’s embassy in Ukraine, obtain citizenship documentation, and apply for a passport or travel document for the child. This process typically takes two to six weeks.

Is surrogacy in Ukraine safe in 2026?

Yes. Surrogacy programs operate successfully in central and western Ukraine, with established safety protocols. Leading agencies like Militta have extensive experience managing programs for international clients and ensure the safety and wellbeing of all parties involved.

Ensuring a Legally Secure Surrogacy Journey

The legal landscape of surrogacy in Ukraine is one of the most favorable in the world for intended parents. With clear legislation that protects parental rights from the very beginning, a straightforward birth registration process, and no need for adoption proceedings, Ukraine provides a secure foundation for building your family.

The key to a successful surrogacy journey lies in thorough preparation and partnership with experienced professionals. By choosing a reputable agency with proven legal expertise, you can navigate the process with confidence, knowing that every step is handled in compliance with Ukrainian law and with your family’s best interests at heart.

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ADC Lawmakers Oppose Tinubu’s $516m Loan Request for Highway

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badagry sokoto highway

By Adedapo Adesanya

The African Democratic Congress (ADC) Legislators’ Forum has condemned the latest move by President Bola Tinubu to secure Senate approval for an additional external loan of $516,333,070 for the Sokoto–Badagry Super Highway project.

Mr Tinubu requested Senate approval for a $516.3 million syndicated loan to finance key sections of the Sokoto–Badagry Superhighway, a major infrastructure project under his administration’s Renewed Hope Agenda from Deutsche Bank.

The request, contained in a letter read during plenary on Thursday by the Senate President, Mr Godswill Akpabio, seeks legislative authorisation in line with Sections 16 and 21 of the Debt Management Office (Establishment) Act, 2011.

However, the opposition lawmakers said it is not only alarming but becoming of the Tinubu administration to make borrowing its default economic policy, with little regard for sustainability, accountability, or the well-being of future generations.

The forum, in a statement jointly signed by its chairman, Mr Uko Ndukwe Nkole, as well as leaders from each geopolitical zone, noted that while no responsible opposition undermines the importance of infrastructure development, the cost and conditions of such projects must be queried.

According to the ADC lawmakers, Mr Tinubu’s government has failed to convincingly demonstrate that its endless appetite for loans is guided by a coherent, transparent and economically viable repayment strategy.

“Instead, Nigerians are witnessing a troubling pattern; one where debt accumulation is prioritised over prudent fiscal management, innovation, and domestic resource mobilisation.

“Nigeria is already weighed down by a crushing debt burden, with debt servicing swallowing a staggering proportion of national revenue. Yet, rather than confronting this reality with discipline and reform, the Tinubu administration continues to plunge the country deeper into what can only be described as a looming debt catastrophe.

“Each new loan tightens the noose around the nation’s economic sovereignty, leaving future generations to pay for today’s lack of foresight.

“Even more disturbing is the timing of this request. As the nation inches closer to a major general election cycle, Nigerians are right to question the motives behind this borrowing spree.

“Is this truly about development, or is it another attempt to create avenues for political patronage and electoral advantage? History has taught us to be wary of last-minute, large-scale financial commitments made under the guise of national interest,” the statement read in part.

The ADC Legislators’ Forum insisted that the National Assembly must not act as a rubber stamp or a pro-group of President Tinubu in this matter.

It said the Senate, in particular, must rise to its constitutional responsibility by demanding full disclosure of the project’s financial details, procurement processes, cost-benefit analysis, and a credible repayment plan, as anything short of this would amount to a betrayal of public trust.

The lawmakers called on the administration to redirect its focus toward policies that can genuinely strengthen Nigeria’s economy; policies that promote productivity, industrial growth, job creation, and the plugging of revenue leakages.

“We must clearly state that governance is not a free ride without consequences. Those who make decisions today that endanger the economic future of millions of Nigerians must understand that a day of reckoning will inevitably come.

“The Nigerian people will demand answers, accountability, and justice for policies that have deepened hardship and mortgaged the nation’s destiny. Nigeria stands at a critical crossroads.

“We can either choose the path of responsibility, discipline, and sustainable growth, or continue down this perilous road of debt dependency and economic vulnerability,” the statement added.

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