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28 States Receive $68.36m from World Bank

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By Adedapo Adesanya

The federal government has announced that 28 states have received $68.36 million in disbursements under the World Bank-assisted SABER programme.

The federal government announced on Tuesday that 33 states and the Federal Capital Territory (FCT) had signed the Subsidiary Loan Agreement (SLA) under the programme, with 28 states so far receiving disbursements totalling $68.36 million.

The SABER programme seeks to enhance private investment in fibre optic deployment, strengthening regulatory frameworks to support this growth.

This comes months after the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, in November 2023 announced SABER as the successor programme of the States Fiscal Transparency and Accountability and Sustainability (SFTAS).

SFTAS was another World Bank-assisted $1.5 billion programme which was designed to nudge the sub-nationals into inculcating the virtues of accountability and transparency in governance.

According to the Permanent Secretary, Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya, 33 states and the Federal Capital Territory (FCT) signed the Subsidiary Loan Agreement (SLA) under the SABER programme.

A statement issued Tuesday night by the Director, Press and Public Relations, Ministry of Finance, Mr Mohammed Manga noted that 28 states had received between $1 million and $4 million in prior results disbursements, totalling $68.36 million.

“In its avowed determination to improve the business environment in the country, the Federal Government of Nigeria, in collaboration with the World Bank has declared the 2025 National Sensitization Workshop on the States Action on Business Enabling Reforms (SABER) Programme-for-Results open in Abuja – a $750 million initiative aimed at incentivizing state-level reforms to improve Nigeria’s business climate.

“The Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Shehu Jafiya, while declaring the event open, emphasized the significance of the programme in fostering economic growth through business-friendly reforms.”

The statement quoted the Permanent Secretary as saying: “We are committed to creating an enabling environment that promotes business competitiveness and attractiveness.”

“The Permanent Secretary highlighted the progress made so far, with 33 states and the Federal Capital Territory (FCT) signing the Subsidiary Loan Agreement (SLA) under the SABER programme.

“Mrs Jafiya informed that 28 states have received between $1 million and $4 million in prior results disbursements, totalling $68.36 million.

“She acknowledged the challenges faced by states in implementing reforms but encouraged them to persevere,” the statement added.

It stressed that Mrs Jafiya assured that the government would continue to support states in their efforts to improve the business environment and attract investments.

The Permanent Secretary also emphasised the importance of transparency and accountability in the implementation of the SABER programme, saying, “we must ensure that the programme’s objectives are achieved in a transparent and accountable manner.”

By streamlining processes for land acquisition and ownership, the Permanent Secretary further disclosed that the programme aims to reduce bureaucratic hurdles and make it easier for businesses to operate.

The programme also prioritizes the strengthening of investment promotion agencies and public-private partnership units, recognizing the critical role these entities play in attracting investment and driving economic growth.

SABER slso aims to improve transparency and efficiency in government-to-business services, reducing the complexity and uncertainty that can often hinder business operations.

According to the statement, the programme builds on the successes of the States Fiscal Transparency, Accountability, and Sustainability (SFTAS) initiative, which promoted fiscal transparency and accountability at the sub-national level.

The SABER programme’s disbursements are contingent upon annual verification by an Independent Verification Agent (IVA), ensuring that states meet agreed reform milestones.

Programme Leader for Equitable Growth, Finance, and Institutions at the World Bank, Mrs Bertine Kamphuis, underscored the need for additional technical assistance, including in-person and smaller technical group meetings.

Also, National Programme Coordinator of the SABER Programme, Mr Ali Mohammed elaborated on the program’s financial structure, emphasizing that the $750 million budget encompasses not only Programme-for-Results (PforR) disbursements but also capacity building for state officials and implementation partners.

Under the now-ended SFTAS Programme introduced by former President Muhammadu Buhari administration,eligibility and clear-cut criteria were outlined for states to get disbursement from the Office of the Accountant General of the Federation (OAGF).

The criteria were open to civil society organisations and the media, who also assessed benefiting states based on their performance.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Dangote Cement Ibese Commissions Cassava Processing Plant in Ogun

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Cassava Processing Plant in Ogun

By Aduragbemi Omiyale

In order to aid alternative and sustainable means of livelihood amid rising food prices and growing concerns over food security in Nigeria, the Ibese Plant of Dangote Cement Plc has handed over a state-of-the-art garri and fufu processing plant to the Kajola host community in Ewekoro Local Government Area of Ogun State.

The facility is expected to support cassava farmers and processors by improving efficiency and expanding income-generating opportunities.

According to the organisation, the project, delivered under the Community Development Agreement (CDA) with its host communities signed in 2022, is a strategic intervention aimed at boosting agricultural value addition, reducing post-harvest losses and strengthening livelihoods for rural farmers and women.

The Ibese Plant Director, Mr Ayyagari Subbaraidu, at the commissioning, said, “This project is aimed at improving cassava processing, reducing losses and creating sustainable employment for women and farmers in the community.”

He disclosed that the facility features separate garri and fufu processing units equipped with modern machinery, including a five-tonne-per-day peeling machine, hydraulic presses, frying systems, fermentation basins, solar-powered boreholes and sanitation infrastructure, adding that it will serve as a catalyst for local economic growth by enhancing productivity and supporting small-scale agribusinesses across Kajola and neighbouring communities.

The Plant Director also urged the community and the Project Governance Committee to maintain transparency in the management of the facility to ensure long-term sustainability.

The Ogun State Commissioner for Agriculture and Food Security, Mr Bolu Owotomo, who was at the unveiling of the project, said it aligns with Governor Dapo Abiodun’s vision of making agriculture a key driver of economic growth through value addition and enterprise development.

The Commissioner disclosed that “over 166,000 farmers, including more than 90,000 cassava farmers, have been registered under the Ogun State Farmers Information Management System (OGFIMS) to benefit from government interventions.”

He urged the community to safeguard the facility and assured residents of the continued support of the state government towards agricultural development and food security.

“This processing plant will strengthen the cassava value chain, improve product quality, create jobs and enhance food security while boosting farmers’ incomes,” the Commissioner stated.

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FG Backs US Sanctions on Three BDC Operators Linked to Terror Financing

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By Adedapo Adesanya

The federal government has hailed the recent sanctioning of three Nigerian bureau de change (BDC) operators by the United States’ Office of Foreign Assets Control (OFAC) for alleged terrorism financing.

“The Nigeria Sanctions Committee welcomes the recent inclusion of Mukthar Muhammad Adamu, Nine to Nine BDC, and Generation BDC Limited by the United States Office of Foreign Assets Control (OFAC).

“These designations follow the inclusion of Adamu and his companies as part of a broader update to the Nigeria Sanctions List approved and published on 18th June 2026,” it disclosed in a statement.

It said that the naming of the three companies and six people followed extensive intelligence gathering, financial investigations, and inter-agency assessments, which established reasonable grounds to believe that the affected individuals and entities facilitated, financed, supported, or otherwise contributed to the activities of the Islamic State West Africa Province (ISWAP) and associated terrorist networks.

“The individuals and entities added to the Nigeria Sanctions List on 18th June 2026 are Ibrahim Yakubu Ogirima (NLISWi.19), Muktar Muhammad Adamu (NLISWi.20), Adamu Chiroma (NLISWi.21), Ibrahim Abubakar (NLISWi.22), Abdullahi Umar Usman (NLISWi.23), Babangida Muhammed Adamu Hammajam (NLISWi.24), Abbal Bako & Sons Bureau De Change Limited (NLISWe.25), Generation Currency BDC Limited (NLISWe.26), Nine to Nine BDC Limited (NLISWe.27),” the statement read in part.

The federal government reiterated its directive to all financial institutions and designated non-financial businesses and professions to continue to comply with all sanctions obligations, including asset-freezing requirements, the filing of suspicious transaction reports, and the reporting of all relevant matches to the appropriate authorities.

The sanctions committee commended the work of the Federal Ministry of Justice, Office of the National Security Adviser (ONSA), Central Bank of Nigeria (CBN), Department of State Services, Economic and Financial Crimes Commission, and the Nigerian Financial Intelligence Unit for their actions to ensure that terrorist groups are denied the resources that sustain their activities.

It stated that Nigeria remains resolute in its commitment to ensuring that terrorists and their financiers find no safe haven within the country’s financial system.

The committee also said that the Federal Government would continue to work closely with domestic stakeholders and international partners to protect national security, strengthen financial integrity, and contribute to global efforts to combat terrorism and its financing.

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Lagos Seals Radio Station, Others for Noise Pollution

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Wise FM Lagos

By Aduragbemi Omiyale

A radio station, Wise FM, has been sealed by officials of the Lagos State Environmental Protection Agency (LASEPA).

The premises of the broadcast media platform, located on Ogabi Street, Meiran, Ile-Iwe Bus Stop, were shut by the state government on Tuesday, June 23, 2026, alongside other establishments across different parts of Lagos State for alleged persistent violations of environmental regulations despite repeated warnings, abatement notices, and opportunities provided for compliance.

In a statement by LASEPA, it was disclosed that the enforcement exercise was carried out in response to various environmental infractions, including noise pollution, air pollution, obstruction of official duties, and failure to comply with its directives.

As regards Wise FM, it was said that it was sealed for noise and air pollution as well as non-compliance with the Agency’s directives.

Another organisation affected, Star-View Terrace, located in Amuwo Odofin, Lagos, was shut down for noise pollution and non-compliance with the agency’s directives, while Premiership Suites, located at Akin Osiyemi Street, Off Allen Avenue, Ikeja, was sealed for non-compliance with the agency’s directives.

Speaking on the enforcement operation, the General Manager of LASEPA, Mr Babatunde Ajayi, reiterated the organisation’s unwavering commitment to safeguarding public health and ensuring a cleaner, safer, and more sustainable environment across Lagos State.

He stressed that both individuals and corporate organisations have a responsibility to comply with environmental laws and regulations, stressing that environmental protection remains a collective duty that requires the cooperation of all stakeholders.

The LASEPA boss warned that the agency would continue to intensify enforcement actions against violators in order to curb environmental nuisances and protect residents from the harmful effects of pollution.

Mr Ajayi urged residents, business owners, and operators of commercial establishments to adopt environmentally responsible practices and cooperate with regulatory authorities in promoting a healthier, cleaner, and more livable Lagos.

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