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EMPOWERMENT OF ALL GROUPS, KEY TO ENDING EXTREME POVERTY- AMBODE
…Says Lagos Already Implementing Key Policies To Ensure Inclusion, Prosperity
…Delivers 75th Anniversary Lecture At Island Club
Lagos State Governor, Mr. Akinwunmi Ambode on Thursday said if Nigeria must get out of the woods, it must begin now to take concrete steps towards empowering every group in the society and give ears to their views and aspirations, saying it is only in such situation that the country can truly end extreme poverty.
Governor Ambode, who said this while delivering a paper to commemorate the 75th Anniversary Business Lecture of the Island Club, said Nigeria must aggressively pursue strong social inclusion policies in order to build a virile nation where every member of the society, regardless of their status or creed is catered for.
Speaking on the topic ‘Nation Building: Communities, Inclusion and Prosperity’, the Governor said presently there were various indices that present a worrying picture, stressing that the country must address it by taking actions that would change the narrative and engender prosperity.
“A sustainable path towards ending extreme poverty and promoting shared prosperity also involves creating an inclusive society, not only in terms of economic welfare but also in terms of the voice and empowerment of all groups.
“We must begin to realise that every strata of the society counts, we must listen and accommodate all views, whether they are poor, whether they are Igbos, Hausas, whether they are Muslims or Christians. An inclusive society must have the institutions, structures and processes that empower local communities, professional associations, artisans, CDAs so they can hold government accountable.
“It also requires the participation of all groups in society, including traditionally marginalised groups such as ethnic minorities and indigenous populations in decision making processes,” he said.
Highlighting the Lagos example of inclusion and prosperity, Governor Ambode said his administration in the last three years, despite the population and migration challenges vis-a-vis pressure on physical and social infrastructure, has continued to carry out massive upgrade of its infrastructure, which according to him would have improve the lives of all residents and ultimately the economy.
“We believe that every Lagosian must have the opportunity to grow, develop their own skills and contribute to their families and communities in a meaningful way.
“If they are healthy, well educated and trained to enter the workforce and are able to make a decent wage, they are better equipped to meet their basic needs and be successful. Their families will also do well and the whole society will benefit. The aggregate sum of family well-being is the meat for nation building,” he said.
The Governor said that his administration has concentrated on creating an environment for investments to thrive, saying that deliberate steps were also taken to encourage the private sector to take the front seat and grow the Gross Domestic Product (GDP) of the State.
He listed development of Tourism, Hospitality, Arts, Sports and Entertainment sectors, development of an integrated and modern inter-modal transportation system, Employment Trust Fund, CodeLagos and Ready-Set-Work as some of the strategies evolved over the last three years that has recorded huge impact in the State’s economy.
“Our Employment Trust Fund has disbursed N5.84billion to 7, 880 Lagosians out of which 1,123 have fully repaid their loans. This is a revolving fund that targets inclusion and prosperity.
“Over 25,000 jobs were created through the loans and employability programmes and to ensure inclusion, 3,613 women recievedN2.29billion while N1.44billion was disbursed to individuals less than 35 years and at least N100million in each local government of the State,” Governor Ambode said.
“In terms of inclusion and prosperity, our vision to make Lagos safer and more prosperous is driven by the need to foster and build an inclusive society, a Lagos that works for all of us. This has been our primary focus in the last three and half years.
“This vision of making Lagos Africa’s model mega city and global economic and financial hub is reflected in everything that we have been doing, bringing our communities together to ensure the future prosperity of Lagos State is non negotiable. I am convinced that we are on the right trajectory and that’s the way to go if Lagos is going to show a very good example to the rest of the country,” he said.
Recommending the way forward, Governor Ambode said to ensure inclusion and evolve prosperous communities; social policy needs to move beyond conventional social service approaches towards development’s goals of equitable opportunity and social justice.
Expressing optimism that the Nigeria economy was showing positive indices of recovery and encouraging outlook for the future, the Governor, however, said economists had posited that for Nigeria to attain its potential, the economy needs to move at a growth rate of six to seven per cent per year as the population growth was above three per cent.
“To meet our growth ambition, we need jobs and we need to increase productivity too. Nigeria has the advantage of a large population, but the majority are under-skilled. It is imperative to equip workers with the skills needed to keep pace with an economy in transition like Nigeria,” he said.
“We need to close that in economic and political gap between women and men in this country. Providing both girls and boys with education is going to be our first step. Quality education is the basis for job and income, a modern competitive economy needs the best heads and hands regardless of gender. This is just sound economics and simple common sense.
“Government needs to implement structural reforms to enhance efficiency, making valued long term investment in technology and science to support research and development. In addition, government also needs to support the economy to provide jobs for their fast growing job population,” Governor Ambode said.
Earlier, Chairman of Island Club in his welcome address thanked Governor Ambode for his support to the Club since he assumed office, saying that he had not only followed the footsteps of his predecessors as Patron of the Club, but had on some occasions, moved a notch further than they did.
Also speaking, a former chairman of the Club, Chief Olumuyiwa Falomo lauded the Governor for his developmental strides in the last three and half years, assuring him that history would be kind to him.
“Only God knows the future, just carry on regardless, the reward of being very conscientious with what you do will come sooner than later and my prayer for you is that God will guide you and the sky will be your limit,” Falomo said.
Highlight of the lecture was the launch of the anniversary brochure and the commissioning of the car park project initiated by the club.
More than ₦3 billion was targeted, but about ₦677 million reached the culprits, with recovery and prosecutions underway, reflecting how banks are responding to more sophisticated fraud risks.
Nigeria’s expanding digital banking sector is facing increasingly sophisticated fraud attempts, as financial institutions adapt to faster transactions and broader online services.
A recent case involving First City Monument Bank (FCMB), linked to fraudulent activity detected in December 2025, has drawn attention to how banks are responding to such incidents, with a focus on limiting exposure, recovering funds and working with law enforcement.
According to findings referenced in proceedings before the Lagos State Special Offences Court, the incident involved unauthorised transactions tied to a digital product. Early reports erroneously suggested more than ₦3 billion was lost. Subsequent clarification shows that over ₦3 billion was targeted, ₦2.4 billion was blocked and recovered, while ₦677 million got into the possession of the culprits. This outcome reflects the bank’s cyber security and monitoring capabilities, as well as improved collaboration among regulated financial institutions and with law enforcement agencies. Several suspects and beneficiaries have been apprehended, while recovery and prosecution efforts are ongoing, led by the Economic and Financial Crimes Commission (EFCC).
Proceedings at the Lagos State Special Offences Court have resulted in convictions, including that of a repeat offender, with restitution orders issued. Related matters are also being handled at the Federal High Court in Lagos, where additional suspects are being tried in connection with the scheme. This process is aimed at ensuring that bad actors are identified and permanently blacklisted from the financial system.
Authorities say recovery efforts are continuing as additional funds are traced.
Analysts note that the pace of legal action reflects closer coordination between financial institutions and enforcement agencies in addressing cyber-related financial crime.
The case comes as banks contend with more complex fraud methods, including social engineering and automated exploitation of system processes.
As digital products and platforms expand, so too does the risk associated with cyber-crime and related fraud.
“The scale of digital banking means risks are evolving alongside the systems,” said a Lagos-based financial analyst. “Institutions are now judged by how they manage these events.”
Observers say the sector is moving toward a stronger focus on response and recovery, rather than prevention alone.
This includes improving monitoring capabilities, strengthening transaction controls and enhancing collaboration with regulators and law enforcement. The FCMB case, with limited exposure relative to the amount targeted and ongoing recovery, reflects that shift.
For customers, the primary concern is the safety of their funds. In this case, there has been no indication of losses affecting customer deposits. Maintaining that level of protection remains central to sustaining trust in the financial system.
Nigeria’s financial sector continues to grow, supported by digital innovation and expanding access to banking services.
However, analysts say fraud attempts are likely to persist as systems become more complex and interconnected.
They say institutions will increasingly be judged not only on their ability to prevent incidents, but on how effectively they respond and recover when they occur.
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Ex-APC Deputy Guber flag bearer, Joshua MacIver backs Tinubu, express fears over implosion in Bayelsa APC
….congratulates new State Party Chairman, Warman Ogoriba
APC Deputy Governorship Candidate in the 2023 general elections in Bayelsa State, Great Joshua MacIver has declared his total commitment to the re-election of President Bola Tinubu come 2027, declaring that the Tinubu re-election project is non-negotiable.
Great Joshua MacIver, in his statement titled ” BAYELSA APC CONGRESSES: GOING FORWARD, A CALL TO LOOK INWARDS” and made available to newsmen in Yenagoa, warned APC leaders in the state to look Inward and take note of certain factors which may hinder or cut short our victory.
According to Great Joshua MacIver, such noticeable pitfalls include the imbalance in the united front being put up by the State Governor,Senator Douye Diri among various political blocs in the state.
In the statement issued at the weekend. Great Joshua MacIver stated that “First, before His Excellency, Senator Douye Diri, joined the APC in the state, there were clearly two political blocs that made up the party, with the approximate population ratios of the blocs standing at 95% to 5%.”
“After the entrance of His Excellency, Senator Douye Diri, ONLY THE SMALLER BLOC IS BEING CARRIED ALONG IN THE AFFAIRS OF THE PARTY, leaving the greater percentage to their fate, and this situation has the potential to build anger and dissatisfaction in our dear party.”
” The consequence of this has been the high level defection we have witnessed in the party recently and we believe more may likely follow, if we do not put our house in order.”
” If we do not pull together as a party, we may witness a situation where we will lose key stakeholders, especially after the State and National Assembly Primaries as well the Gubernatorial Primaries.”
“Finally, while it is very clear that we are the party to beat in the 2027 elections and that our loyalty to Mr. President IS NON-NEGOTIABLE, we must make haste to say that we cannot afford to create situations or loopholes in our unity which will be exploited by other political interests in the state. We cannot afford to under-rate anyone.”
“Our core interest remains the re-election of Mr. President, a project to which we have committed our all. We also pledge our total loyalty to the party as we have no alternative to the APC. However, our concern is that we must, as a party, look inwards and ensure that we do not create loopholes that can impede our common goal.”
Great Joshua MacIver, however congratulated the newly elected State Executives of the APC in Bayelsà State led by Hon. Warman Ogoriba, saying their emergence is welcomed at this critical time in our national history.
At least 23 people were killed in a series of suspected suicide bombings, police in Nigeria’s northeastern city of Maiduguri said on Tuesday.
https://www.stanbicibtcbank.com/nigeriabank/personal/products-and-services/all-loans/stanbic-ibtc-mreif-home-loans
More than 100 other people were injured in the blasts that took place on Monday evening in the capital of Nigeria’s restive Borno state.
No group has claimed responsibility for the suspected attacks.
The deadly blasts come after a military post was attacked overnight Sunday to Monday, which authorities blamed on suspected Islamist militants.
This sad incident is coming barely two weeks after Primate Elijah Ayodele, the Leader of INRI Evangelical Spiritual Church specifically warned against attacks in some states. He mentioned these states while calling on security operatives to pay close attention to them.
These were his words:
“Another attack is coming up in these following states where the military must watch carefully and intelligently; Kano, Kaduna, Zamfara, Kebbi, Niger, Borno, Kwara and Kogi state. They want to do a deadly attack, it’s preventable but it depends on how they will handle it. I have told you about the danger coming up.”
@primateayodele
Unfortunately, some of our military agencies don’t believe spiritual intelligence can save the country from so much danger hence, their neglect of this prophetic warning but now, it has been fulfilled with the miliary losing credibility by the day while Primate Ayodele continues to gain momentum.
Likewise, At least 26 passengers and crew sustained varying degrees of injuries on Monday following an accident involving the Kaduna–Abuja train, according to the Nigerian Railway Corporation (NRC).
Opeifa explained that the train departed Rigasa in Kaduna at 7:15 a.m. and was approaching Asham station around 9:16 a.m. when a loud bang was heard after the power car and trailing locomotive collided with one of the passenger coaches.
In July 2025, Primate Ayodele asked nigerians to pray not to see train mishap on the Kaduna-Abuja route.
@primateayodele #nigeriantiktok🇳🇬 #fulfillment #train #abuja #primateayodele
“Let’s pray not to see train mishap in Abuja-Kaduna, Kaduna-Abuja route.”
This has also been fulfilled.
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