General
Moniepoint’s Documentary on Nigeria’s Food Industry Supply Chain Excites FG, Others
By Modupe Gbadeyanka
Prominent financial technology (fintech) company, Moniepoint Incorporated, has been given a pat on the back for its 12-minute documentary exploring Nigeria’s food industry supply chain.
The piece focused on the Northeast region, particularly Borno State, highlighting how cultivation and distribution processes connect local farmers to the broader national market.
A key finding from the case study showed that the informal, trust-based networks that power Nigeria’s food chain are not a weakness to be formalized, but a strategic asset to be strengthened. These networks, built on generational knowledge and social capital, have proven more durable and adaptable in crisis than formal institutions.
At the private screening of the documentary titled Inside Nigeria’s Food Chain in Abuja recenrly, the Special Adviser to the President on Economic Affairs in the Office of the Vice President, Mr Tope Fasua, who was among the few guests at the event, said Moniepoint has done well to showcase the resilience of the region’s agricultural value chain and empowering smallholder farmers through innovative digital payment solutions.
The economist said he was impressed that the work captured how digital financial services are driving economic inclusion among rural communities traditionally not associated with technology adoption, even amid ongoing security challenges and cost-of-living pressures across the country.
“I am happy and thrilled at the many things that this documentary and case study captures. It’s an eye opener for people to be able to see all of the operations going on. I have first-hand experience at how Moniepoint is changing the market dynamics for good.
“It was heartwarming to see the economic and financial inclusion x-rayed in the video with a lot of digitization going on at the level with people who you’d not associate with technology adoption,” Mr Fasua stated.
Furthermore he noted that in spite of the challenges with insecurity in the country, “We can see the resilience that our people have demonstrated in churning out grains, livestock and agric produces.
“This work has also shown that our people are embracing modern and subsistence level farming. On the financial inclusion front, it is delightful to watch the confidence that the people have in digital payments and Moniepoint has done a fantastic job in deepening adoption across the country.”
Speaking to the rationale behind the screening and case study and responding to questions from guests, the Vice President for Corporate Affairs at Moniepoint, Ms Edidiong Uwemakpan, noted the project is about real people and real impact.
“In view of the amounts that we process monthly as a business, we sought to peel back the layers on the naira and kobo and uncover the stories behind the transactions and what they mean for Nigeria.
“Moniepoint as a Nigerian company has been able to achieve such impact by adopting hyperlocal support to build trust with its users tailoring our services to fit the existing lifestyle and trading habits of Nigerians,” Ms Uwemakpan said.
She noted that Borno State had often been defined by negative narratives overshadowing its strengths. Therefore, the documentary does not only focus on showcasing Moniepoint’s role in supporting food distribution but also reveal the state’s agricultural diversity, which contributes significantly to feeding millions of Nigerians.
Aligning with these thoughts, a communications expert, Mr Tolu Ogunlesi, expressed his excitement and commended Moniepoint for telling this story – not just because of what it says about food but what it says about our resilience and the country as a whole.
“Watching the documentary, a lot of the towns mentioned became famous not for food but as Boko Haram affected regions. This project allows us to truly appreciate these areas for what they really contribute to the country’s socio-economic development and what they should actually be famous for. This is a part of Nigeria that has been traumatized by insecurity but they have demonstrated remarkable resilience such that when people sit in their homes and they are eating, they are reminded that some of these products come from the North East,” he said.
By Aduragbemi Omiyale
The General Manager in charge of Transmission for Lagos Region of the Transmission Company of Nigeria (TCN), Mr Adeshina Adeonipekun, has stressed the critical role of Lagos in the national grid.
While receiving the chief executive of Eko Electricity Distribution Company (EKEDC), Ms Wola Joseph Condotti, at his office on Monday, he said the Lagos region accounts for about 30 per cent of total power off-take in Nigeria.
He stated that TCN was implementing strategic expansion and project upgrades aimed at enhancing grid stability and operational efficiency in response to rising demand.
Mr Adeonipekun highlighted recent key milestones achieved in the region, including the commissioning of a 100MVA power transformer at the Ijora 132/33kV Transmission Substation, a 300MVA transformer at the Lekki 330/132kV Transmission Substation, and a 125MVA unit at the Agbara 132/33kV Substation, among others.
According to him, these additions have further increased the region’s installed capacity to 5,470MVA on the 132/33kV network and 4,110MVA on the 330/132kV network.
He further said that there were several ongoing rehabilitations at key substations within the region, including Amuwo GIS, Akoka 132/33kV, and Itire 132/33kV Transmission Substations, all geared towards further improving reliability, reducing system constraints, and enhancing the overall efficiency of power delivery.
In her remarks, Ms Condotti expressed appreciation for TCN’s continued partnership and support, underscoring the importance of sustained collaboration between transmission and distribution companies in building a more stable and efficient electricity transmission and supply network.
Both parties explored ways to strengthen collaboration and ensure a more stable and efficient power supply in Lagos, the nation’s commercial hub.
By Adedapo Adesanya
The Governor of Anambra, Mr Chukwuma Soludo, says the years-long sit-at-home is now a thing of the past in the state as it will bring back lost economic viability to the South East state.
The governor spoke on Tuesday during his inauguration for a second term as the leader of the state, noting that security has improved in Anambra.
“The debilitating one-sit-at-home is over, and our schools, markets, businesses, and public servants are back to work. Reports say that ours is now the safest, or at least one of the safest states in Nigeria,” Mr Soludo said.
The second inauguration of the former governor of the Central Bank of Nigeria (CBN) witnessed eminent Nigerians, including ex-presidents Mr Goodluck Jonathan and Mr Olusegun Obasanjo, as well as the Vice President, Mr Kashim Shettima, among others.
“I’m sure many of you flew into Anambra yesterday, being Monday. Previously, it was not possible,” he said at the Alex Ekwueme Square in Awka, the state capital.
Primarily associated with the Indigenous People of Biafra (IPOB), a separatist group advocating for an independent Biafran state, the sit-at-home saw millions of South-East residents remain indoors, shut their businesses, and stay off the roads on Mondays. Initially, it was declared as a weekly protest (especially on Mondays) to demand the release of IPOB leader, Mr Nnamdi Kanu, in 2021 by the Federal Government and draw attention to the separatist cause.
The cause had significant socio-economic consequences in the South-East states like Abia, Anambra, Ebonyi, Enugu, and Imo.
However, Mr Soludo referenced several milestones, including the destruction of criminal camps and the “mass return” of Anambra indigenes during the Yuletide, as evidence of improving security in the state.
“Some 62 criminal camps have been dismantled, and 8 local governments previously under total siege have been liberated,” the governor said.
“Anambra had its best Christmas season in decades last December with a mass return and over 10,000 visitors per day to the Solution City every day until the 10th of January.”
Part of the measures to address insecurity in Anambra was the Homeland Security Law 2025, a measure the governor said contributed to the reduction in criminality.
The Independent National Electoral Commission (INEC) declared Mr Soludo as the winner of the November 8, 2025, governorship election in Anambra State. The APGA candidate polled a total of 422,664 votes, defeating his closest rival, the candidate of the All Progressives Congress, Mr Nicholas Ukachukwu, who scored 99,445 votes, while the candidate of the Young Progressives Party, Mr Paul Chukwuma, came third with 37,753 votes.
By Aduragbemi Omiyale
The Economic and Financial Crimes Commission (EFCC) has cautioned members of the public against making any payment for Special Control Unit Against Money Laundering (SCUML) certificate registration, stressing that it is free.
During a live radio programme on Enugu State Broadcasting Service, the Head of SCUML Department in Enugu Zonal Directorate of the EFCC, Mr Promise Oluigbo, said obtaining the certificate is now seamless.
According to him, with the introduction of electronic certification, which has improved efficiency and eliminated the risk of fake certificates, over 480,000 entities have been registered nationwide.
He warned members of the public against engaging agents who charge fees for SCUML registration, stressing that the commission does not authorise third-party registrations.
“The EFCC frowns at any individual or group collecting money from businesses under the guise of facilitating SCUML registration. The process is seamless and free of charge,” Mr Oluigbo declared.
He charged operators of Designated Non-Financial Businesses and Professions (DNFBPs) in the South-East to comply with mandatory SCUML registration to combat money laundering, terrorism financing, proliferation of weapons of mass destruction, safeguard businesses and strengthen the integrity of Nigeria’s financial system.
“DNFBPs are categories of businesses identified under Section 30 of the Money Laundering Act and include sectors such as automobile dealerships, real estate businesses, construction firms, hospitality services, supermarkets, legal practitioners, consultants, and non-profit organisations.
“As a regulatory body responsible for overseeing the activities of these businesses to curb money laundering and financing of terrorism, it’s important I say it here that the registration process is completely free.
“Business owners do not need to engage any third party. All they need to do is visit the SCUML portal and complete the registration process,” he said.
While emphasizing on the need for businesses to register and collect the certificate, he urged them to ensue adherence to statutory requirements such as Know Your Customer (KYC) procedures, customer due diligence, record keeping and reporting of suspicious transactions, adding that failure to comply constitutes a violation of the law and may attract fines, imprisonment or other regulatory sanctions as stipulated under the Act.
“The objective of the SCUML framework is not to stifle businesses but to protect the financial system and ensure transparency in commercial activities. It is designed to safeguard businesses and strengthen the integrity of Nigeria’s financial system,” he said.
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