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World Bank President David Malpass To Vacate Seat in June

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David Malpass

By Adedapo Adesanya

In an unexpected turn of events, the President of the World Bank Group, Mr David Malpass, announced his intention to step down from his position by the end of the bank group’s fiscal year on June 30.

In the position he served for more than four years, he focused on seeking stronger policies to increase economic growth, alleviate poverty, improve living standards, and reduce government debt burdens.

He said, “It has been an enormous honour and privilege to serve as President of the world’s premier development institution alongside so many talented and exceptional people.”

“With developing countries facing unprecedented crises, I’m proud that the Bank Group has responded with speed, scale, innovation, and impact. The last four years have been some of the most meaningful of my career.

“Having made much progress, and after a good deal of thought, I’ve decided to pursue new challenges. I want to thank our staff and boards of directors for the privilege of working with them every day to strengthen the effectiveness of our operations in the most challenging of times,” he added.

Mr Malpass, who was recommended by former US President, Mr Donald Trump, for the position, over the last four years spearheaded the bank group’s five institutions (IBRD, IDA, IFC, MIGA, and ICSID) responses to global crises. He mobilised a record $440 billion in response to the COVID-19 pandemic, the war in Ukraine, the sharp global economic slowdown, unsustainable debt burdens, climate change, and food, fertilizer, and energy shortages.

With developing countries under severe financial pressure, Mr Malpass frequently met with world leaders to discuss supportive policies, including debt reduction, to break the cycles of unsustainable debt.

Under his leadership, the group more than doubled its climate finance to developing countries, reaching a record $32 billion last year.

Mr Malpass also led efforts to enable and increase private sector investment and trade and contributed thought leadership to the Bank Group’s analytical products on fiscal and monetary policy, currency systems, and governance reform. He also strengthened the institution’s management and personnel and will leave the Bank Group with solidified finances and fundraising to support its AAA credit rating.

“The Bank Group is fundamentally strong, financially sustainable, and well positioned to increase its development impact in the face of urgent global crises,” said Mr Malpass.

“This is an opportunity for a smooth leadership transition as the Bank Group works to meet increasing global challenges, facilitate private investment, sharpen its focus on global public goods, and maintain strong momentum on operational delivery and portfolio performance for client countries,” he added.

Among some of his achievements are – the Climate Change Action Plan to better integrate climate and biodiversity with development and growth; $30 billion in projects to address the food, fertilizer, and fuel crisis facing developing countries; and the launch of the Pandemic Fund to improve preparedness, with initial pledges of $1.6 billion from 25 countries and donors among others.

His administration has not been without pressure as Special Adviser to the United Nations Secretary-General on Climate Change, Mr Selwin Hart, in 2021, called out the World Bank for not doing enough for climate action.

Pressure on Mr Malpass was reignited last September when he did not provide the expected answer within the scientific consensus around climate change, which drew condemnation from the US government.

So far, some names have emerged to take over the position, including the head of the US Agency for International Development (USAID), Ms Samantha Power, the President of Rockfeller Foundation, Mr Rajiv Shia, and the deputy secretary of the US Treasury, Mr Wally Adeyemo.

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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Tinubu Appoints Aliyu as New PTDF Scribe, Renews Abdulaziz as TCN MD

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Tinubu's Portrait

By Adedapo Adesanya

President Bola Tinubu has approved the appointment of Mr Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF).

Mr Aliyu, a professor, is to replace Mr Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State.

In a statement by a spokesperson to the President, Mr Bayo Onanuga, on Thursday, it was disclosed that the appointment of Mr Sule Ahmed Abdulaziz as the chief executive of the Transmission Company of Nigeria (TCN) has been renewed for a second and final term.

These appointments are said to take effect immediately.

Professor Aliyu, the new PTDF helmsman, is a distinguished academic and seasoned administrator with extensive experience in research, education, and institutional leadership. His appointment underscores the President’s commitment to strengthening key institutions in the petroleum sector and advancing capacity development for Nigeria’s energy industry.

“The President expects him to leverage his wealth of experience to reposition the PTDF for greater impact in human capital development, innovation, and strategic support for the oil and gas sector in line with national priorities.

“President Tinubu renewed Engineer Abdulaziz’s appointment following a comprehensive assessment of his performance and leadership of the nation’s transmission network.

“Under his stewardship, TCN has recorded notable improvements in grid stability, transmission capacity expansion, and system modernisation, reinforcing its critical role in Nigeria’s electricity value chain.

“Engr. Abdulaziz brings over three decades of experience in the power sector and has also strengthened regional electricity integration through his leadership in the West African Power Pool (WAPP).

“President Tinubu urges both appointees to discharge their responsibilities with diligence, integrity, and a strong sense of national service,” the statement said.

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NNPC Grows Workforce by 12% to 6,247 in Q4 2025

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NNPC Crude Cargoes pricing

By Adedapo Adesanya

The Nigerian National Petroleum Company (NNPC) Limited saw its workforce rise by 12.2 per cent to 6,247 at the end of 2025 from 5,566 in the corresponding period of 2024, according to its latest employee data.

The state oil firm stated that its employees increased by 14.3 per cent from 5,495  recorded at the end of the first quarter of 2025 to 6,280 at the end of the second quarter of 2025.

Its staff strength, however, dropped by 0.11 per cent to 6,273 workers in the third quarter of 2025 and further shrank by 0.41 per cent to 6,247 in the last quarter of the year under review.

Giving a breakdown of its workforce in terms of gender, the NNPC disclosed that at the end of the fourth quarter, 5,044 employees, representing 80.7 per cent of its workforce, were males, while 1,203 employees, representing 19.3 per cent of its total workforce, were females.

Further breakdown revealed that Junior Staff 2 (JS 2) and Junior Staff 1 (JS1) cadres had one staff member and 175 staff members, respectively, at the end of the fourth quarter of 2025, as against one staff and 187 staff members, respectively, recorded in the third quarter of 2025.

In addition, the Senior Staff Seven (SS7) cadre had 31 employees, remaining the same as in the previous quarter, while the SS6 cadre dropped to 1,010 staff, from 1,012 staff recorded at the end of the third quarter of 2025.

The SS5, SS4, SS3, SS2 and SS1 staff cadre recorded 1,076 staff, 164 staff, 389 staff, 471 staff and 1,829 staff, respectively, in the quarter under review, compared with 1,076 staff, 164 staff, 391 staff, 478 staff and 1,835 staff, respectively, recorded in the third quarter of 2025.

Management Six (M6) cadre had 695 staff in the second quarter of 2025, compared with 699 staff in the same category in the previous quarter, while M5, M4, M3, M2 and M1 cadres had 237 staff, 117 staff, 47 staff, seven staff and one staff respectively, compared with 243 staff, 116 staff, 44 staff, seven staff and one staff in the corresponding cadres in the third quarter of 2025.

Further analysis of the NNPC workforce across different cadres showed that JS2 and JS1 accounted for 0.02 per cent and 2.75 per cent of its total workforce, respectively, while SS7, SS6, SS5, SS4, SS3, SS2 and SS1 cadres accounted for 0.50 per cent, 16.17 per cent, 17.22 per cent, 2.63 per cent, 6.23 per cent, 7.54 per cent and 29.28 per cent of the state oil company’s total workforce, respectively.

In addition, NNPC’s M6, M5, M4, M3, M2 and M1 cadres accounted for 11.13 per cent, 3.79 per cent, 1.87 per cent, 0.75 per cent, 0.11 per cent and 0.02 per cent, respectively.

In general, the NNPC Limited noted that it had 173 employees in its junior staff category; 4,970 employees in its senior staff category, and 1,104 employees in its management category.

It also reported that in its middle management cadre, it has 932 employees, accounting for 14.92 per cent of its total workforce, while the top management cadre had 172 employees, accounting for 2.75 per cent of its total workforce.

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Tinubu Names Ibrahim Ida Chairman of Corporate Affairs Commission

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corporate affairs commission cac

By Adedapo Adesanya

President Bola Tinubu has appointed Mr Ibrahim Ida as Chairman of the Corporate Affairs Commission (CAC).

Mr Ida holds an MSc in Banking and Finance from the University of Ibadan (1983) and an LLB from the University of Abuja (2003). Before being elected to the Senate in 2017 to represent Katsina Central, he served as the Commissioner of Finance for Katsina State and as the Permanent Secretary of the Federal Civil Service.

His appointment comes as the CAC faces legislative scrutiny over its books. The commission is part of a group of agencies that the House of Representatives Public Accounts Committee (PAC) recommended zero allocation for the year 2026, for allegedly failing to account for public funds appropriated to them.

The committee, at an investigative hearing held in February, accused CAC and some other ministries, departments and agencies (MDAs) of shunning invitations to respond to audit queries contained in the Auditor-General for the Federation’s annual reports for 2020, 2021 and 2022.

It asked the National Assembly not to continue to appropriate public funds to institutions that disregard accountability mechanisms.

President Tinubu also nominated seven people to fill vacant commissioner positions at the National Population Commission (NPC) as Federal Commissioners to represent their respective states in the National Population Commission. The nominees are;

1. Kolawole Oladipupo Alabi – Ekiti State

2. Nasiru Mu’azu – Zamfara State

3. Usman Abubakar Tuggar – Bauchi State

4. Dr Isaka Alada Yahaya – Kwara State

5. Prof. Sadiq Isah Radda – Katsina State

6. Suleiman Umar – Jigawa State

7. Hon. Chiso Abdullahi Dattijo – Sokoto State

The appointments, which complement other Federal Commissioners already sworn in, are subject to confirmation by the National Assembly.

The President also appointed Mr Yusuf Mohammed of Kano State as Chairman of the Federal Polytechnic, Kaltungo, and confirmed the appointment of Mr Bala Mohammed Bello as his Special Adviser on Political Economy.

Mr Bello, from Kebbi State, holds a Bachelor’s Degree in Accounting and an MBA from Ahmadu Bello University, Zaria. Before this appointment, he was a Deputy Governor at the Central Bank of Nigeria (CBN). He also served as Executive Director (Corporate Services) at the Nigerian Export-Import Bank (NEXIM) from 2017 to 2022.

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